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Text Chapter 105: Beautiful Lie

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    ps: The book is almost finished.  .  .  For policy reasons, I cannot write more below.  .  .  Shanghai, China¡¯s financial center.  In this time and space of 1927, the Shanghai Stock Exchange was extremely prosperous. A large number of investors poured into Shanghai. The Shanghai Stock Exchange Index rose from 1,000 points in 1920 to 10,000 points in 1927, rising by an average of 10% every year.  In 1927, more people invested in stocks, and the Shanghai Stock Index rose significantly faster.  At the same time, the Guangdong Index on the Guangzhou Stock Exchange rose from 500 points to 8,000 points today.  In addition, there are Shenyang Stock Exchange, Hankou Stock Exchange, Chengdu Stock Exchange and Suiye Stock Exchange. ? Among them, Suiye Stock Exchange is located in Suiye City, Central Asia Administrative Region. Suiye was one of the four towns in Anxi during the Tang Dynasty. It was restored after the Republic of China occupied the Central Asia Administrative Region.  The index of the Broken Leaf Stock Exchange is also rising the fastest, because the Central Asian administrative region gathers a large number of military industries and heavy industries.  ??In this year, the internal consumer market of the Republic of China was basically satisfied, and internal car sales prices dropped significantly, making it easy for ordinary income classes to afford cars.  Even low-income people can afford cars.  ¡°It is equivalent to the fact that after citizens receive their wages, there are not so many places to spend money.  In addition, what should the middle and high-income class do if they have no place to spend their money?  ?Then introduce the stock market and rely on the stock market to recover the stocks, so that the consortium can have money to continue lending to private capital.  The consortium has a large number of monopoly companies, all of which are extremely profitable.  In the past, these companies were not listed.  But starting from this year, these companies began to go public.  There are enterprises representing the steel production of the Republic of China, such as the steel plants of the East China Group and the West China Group.  Both have large steel production capabilities.  There are also East China Automobile Manufacturing Company, Aircraft Manufacturing Company, etc.  These enterprises actually no longer need to be fully controlled by consortiums and can absorb private funds to develop together.  For these enterprises, making money is a trivial matter for the consortium. The consortium is not short of money. This is the purpose of the existence of these enterprises.  It is to make the country more capable of fighting wars.  Then, its profits can be diluted if the country increases taxes.  If you increase scientific research expenditures, you can consume profits, leaving a profit that consumers can still accept.  In this way, the consortium sells the shares of these companies.  That is, a large amount of money was recovered.  At the same time, there will be no impact on the consortium.  For those investors, investing in the shares of these large monopolies is indeed profitable for them, it just depends on whether they can insist on holding it.  The trick of the consortium is to sell about half of the shares at a high price during the economic boom, or even more than half, as long as it can control the controlling stake.  During the recession, buy these stocks back.  Whether to sell or not depends on the investors themselves.  If investors are willing to hold for a long time, then after the economy recovers.  You can receive considerable dividends every year.  Listed companies in the Republic of China are just to make money, but the methods are obviously more advanced and do not need to be as penniless as China's listed companies in the future.  The majority of corporate profits are retained as expenses for scale expansion and research and development, and then the remaining money is divided into very considerable amounts. After all, they are monopolies.  At the same time, companies issue additional shares to raise funds in the stock market, and the money is invested in expanding scale and research, which means that these companies will have extremely sufficient funds.  Every monopoly established by a consortium is investing wildly after receiving extremely sufficient funds.  When the investment reaches a certain scale and seriously exceeds the market demand, problems will occur, and then losses will occur, which will trigger a decline in the stock market. The consortium will again tighten the loan, and the stock price will immediately jump.  The consortium saw monopoly companies in the fields of steel, chemicals, automobiles, electrical appliances, ships, aviation, building materials, food, etc. go public in 1927.  The plan is to work hard for three years. During these three years, it will frantically absorb private capital and then frantically expand production capacity, causing a large-scale glut of goods and triggering an economic depression.  In the course of three years, a large amount of funds were absorbed, and the large-scale investment by these monopolies created jobs and at the same time built more assets that could be used for war.  This is the final sprint stage.  Once the bubble economy bursts, there will definitely be a large amount of bankrupt private capital.  But don¡¯t worry about debt or not, just look at how many industries have been built.  Everything else is just a number, and those industries can really use it.  Those huge industries are enough to easily submerge Europe and the United States.  At the same time, local governments are issuing bonds to absorb private capital to build a large amount of infrastructure, such as electricity and roads.  Whether these bonds can generate profits as scheduled depends on the fiscal revenue of each local government.  In other words, these bonds will also depreciate significantly during economic depression. ?? Bonds, stocks, and futures games, that is, the government and consortia, continue to absorb private capital and use thoseThe people's money, which has too much money and nowhere to spend it, is used to carry out massive construction.  Then the consortium will hunt for the bottom, buying all stocks and bonds at low prices before the war breaks out.  Then to restore the economy, the central government and local governments must increase taxes in order to pay off the bonds, so that the consortium can recover the funds, and then a large amount of labor can be invested in the construction of war industries.  This consortium model of absorbing private capital for development is the model adopted by the American International Consortium after World War II. It is more advanced and advanced than the patriarchal system of the Rothschild consortium.  This is equivalent to the transformation of human beings from slave society to feudal society, then to capital society and communist society, becoming more and more advanced and constantly moving forward.  Today¡¯s world consortium is not playing for the future of the race, but for hegemony.  Play for hegemony first, and then play for the future of the species.  The future of the species is something that puzzles Jiang and Chongqing. Where will humans go?  Destruction or evolution?  But this is none of his business. The era he lives in is an era of hegemony.  He only needs to consider how to let the nation achieve hegemony. As long as the people can live a better life than the people of other countries, this is the current mission.  In 1927, the second phase of the North-South Water Diversion Project of the Republic of China was successfully completed, and the central government immediately issued bonds.  Start the third phase of the project.  The third phase of the project is to introduce the water from the Ob River in Siberia into the Central Asian Administrative Region to support domestic and agricultural water use in the Central Asian Administrative Region.  At the same time, the water from Lake Baikal is poured into the Yellow River.  Inject new impetus into the Yellow River.  The water from Lake Baikal will be introduced into the North China Plain to support domestic and agricultural water use.  The other is to further rely on the water of Lake Baikal to encircle and suppress the desert, and to further build more sand-blocking dams in the Loess Plateau.  This is definitely a huge project. At this time, after years of crazy production, the number of construction vehicles in the Republic of China has been extremely large. The number of construction projects has increased sharply every year, but now many industries have been built.  For example, with the popularity of automobiles in real estate, people have built a large number of houses in the suburbs, and the market demand has been met.  Road construction.  Most of the major roads have been built, leaving some construction vehicles idle.  At this time, we need to find projects to build, and the money spent is the people's money, so that the remaining capital can be absorbed.  It will not cause inflation.  Let funds circulate, and only circulating capital is effective capital.  In addition to the South-to-North Water Diversion Project, there are also highways from Shaanxi to Tsarist Russia.  The central government's fiscal revenue continues to rise, and many things that need to be built have been built. For example, the hardware facilities for education, which are relatively expensive, have basically been completed, and the proportion of fiscal investment required has shrunk.  There are also many national construction projects that have been completed. At this time, the central government itself has a lot of money to build these major national projects.  Coupled with the government bonds purchased by the people, there is even more money, which can even be squandered at this time.  Construction began on projects that were important to the country's future but did not have a great sense of urgency.  Local governments are also issuing large amounts of bonds, and people are buying them in large quantities, because buying bonds can avoid inflation, and giving money to the government for construction can improve their living standards.  Many local governments are squandering money and repairing all township roads.  The urban drainage system has been repaired.  Urban greening is done.  Under such squandering, the consortium recovered a large amount of money. At the same time, the squandering of local governments further strengthened the infrastructure of cities and towns in various places, and even enhanced their luxury.  For example, urban drainage systems must be constructed according to high standards so that they can withstand even relatively large floods, so that cities do not have to worry about being troubled by floods as long as they do not encounter any major floods that last a hundred years.  There is also urban greening. Some wealthy governments have spent a lot of money in this area to build the city like a garden, so that those foreigners will feel that China is like a paradise.  The national economy is like this. If there is nothing to build, then find something to build.  People have too much money?  Then issue bonds, increase taxes on middle and high-income people, and use the money of people who have too much money to build.  Beginning in 1927, the local governments, the central government, and consortium monopolies of the Republic of China all began to enter the craziest construction period. With a large amount of capital investment, the economy of the Republic of China became strong again. The slight decline that had been exposed before was eliminated.  Sweeping it all away, the bubble economy remains strong.  People once again have a large number of jobs, but those privately owned enterprises are not doing so well. Many industries have entered a period of vicious competition, and the consumption of many commodities is often close to saturation, and those enterprises are no longer profitable.  But it is not that there is no consumer market. For example, after people consume real estate and cars, they also have various electrical appliances.  TVs, refrigerators, air conditioners, vacuum cleaners, washing machines, induction cookers, microwave ovens, rice cookers, telephones, and all kinds of electrical appliancesThe device has been launched a long time ago, but ordinary people did not have such high spending power before.  In the last three years, these electrical appliances have become the main consumer force in the Republic of China.  Those who bought small-size black and white TVs before can now buy large-size TVs. Those who bought large-size TVs before can now buy small-size color TVs, and there are also very expensive large-size color TVs.  Anyway, these advanced electrical appliances are luxury goods, specially used to absorb the spare funds in the hands of the middle and upper class.  Cars have also begun to be updated again, launching higher-end cars.  Song Jiaoren once again declared this year: "The Republic of China has entered the happiest period of mankind, and the Chinese nation has reached an unprecedented level of prosperity." At this time, the people of the Republic of China were indeed very wealthy, because the country increased seigniorage, and for  Stimulate market consumption, thereby increasing the income of ordinary workers, in 1927.  The income level of ordinary workers has risen to 1,200 yuan per year, while those who work as laborers can earn about 1,800 yuan per year.  Such a high income.  I can afford to repay the loan and everything else.  Although inflation has occurred, such as agricultural product prices rising, industrial products have declined.  For example, car prices are falling. Although the prices of high-end cars are also rising, their performance has also been improved. The original family car now sells for only two hundred yuan.  If you want to buy a higher-end ordinary family car.  It only costs three hundred and fifty yuan.  As long as you are willing to work, it is very easy to buy a car, and you can also get a car loan.  The lives of ordinary people are indeed very good at this time.  They can afford to live in a small western-style building, drive a car, eat meat in Dunton, and have money to buy brand-name clothes and watches.  The days of the Chinese people.  Already the envy of people around the world.  Materially satisfied.  Welfare is not bad either. Education, medical care, and elderly care are all provided for Han people. This makes a large number of minority people want to blend in with the Han group.  This allows the people of the Republic of China to have less pressure in life. While the Republic of China advocates consumption, it also advocates people to serve society and the nation.  Politicians and entrepreneurs took the lead in donating, and people also made large donations, huge amounts.  The lives of those low-income groups have been guaranteed.  Social donations at this time in the Republic of China accounted for 12% of per capita income.  In particular, students who have left school to work are more active in donating money.  At this time, the Republic of China is like a big family. Those who have money contribute money, and those who have no money contribute some efforts. Through donations and volunteers, every member can receive material protection.  ¡°When you have more money, you naturally want entertainment. The more serious entertainment is very liberal, including tourism, amusement parks, shooting ranges, and sports.  However, industries such as liquor and sex establishments that consume people's willpower are strictly controlled by the state and consortiums.  Low-level private individuals can run drinking and sex establishments, but the state is very strict in inspecting them and the taxes are very high.  High-end drinking and entertainment venues are monopolized by consortiums and charge higher fees, while casinos are strictly controlled by consortiums.  The wine culture that was seriously popular in the Qing Dynasty was vigorously suppressed by the state.  Because there are so many cars nowadays, drunk driving has become a serious problem.  Therefore, the government implemented a monopoly system for alcohol, which significantly increased the market price.  At the same time, drunk driving is defined as an illegal act, and anyone caught will be severely dealt with. If the offense is minor, he will be detained for half a month and his driver's license will be revoked.  In the construction of the legal system, the Republic of China still follows the ancient law-abiding route. To a certain extent, principles can influence the law, as long as the people agree. Some crimes that have not caused much consequences, but the circumstances are extremely heinous, may also receive heavier sentences due to public anger.  .  The enlightenment of this kind of theory and law is of great significance, so that people will not go to extremes because of the unfairness of the law, but will become more and more reasonable, presenting a more civilized society.  With life so good, the people naturally have great trust in the government, and the political power of the Republic of China is also extremely stable.  Song Jiaoren claimed that the Republic of China has entered the happiest stage in human history, which was generally recognized by the people. At this time, TVs in the Republic of China had begun to be greatly popularized. Although many were small-sized black and white TVs, they were conveying information to the people.  But it is much more convenient.  Song Jiaoren and a group of politicians from the Republic of China often appeared on TV to show off.  TV sets have also become what the people are pursuing.  Chinese people may be more economical on many purchases, but they are not economical at all on such large items.  Others have it, so naturally you should have it too. Moreover, it is a durable product and you can use it all the time when you buy it home.  At this time, when young people in the Republic of China get married, they must have a house, a car, and electrical appliances. Although there are material requirements, this is not a matter of worshiping money, because this requirement is easy to meet, and the young couple can get it with just a little effort.  After all, everyone has a similar life. Although the Republic of China is in great trouble at this time,A portion of the wealth is in the hands of a few people, that is, financial groups.  But the consortium has a small number of people, and they don't all spend randomly, so naturally they can't consume much goods.  Assets are not the standard for measuring living standards. The standard for measuring is how many goods everyone can enjoy. Therefore, most people live about the same life, and there is nothing to compare it with. Naturally, it is impossible to develop a culture of worshiping money.  Those politicians¡¯ shows on television have had a good effect. By constantly promoting the argument that the prosperity of the Republic of China is sustainable, most people have believed that economic prosperity is sustainable.  Only those groups who have a more in-depth study of Chinese martial arts remain awake, because they all know that everything is in a continuous cycle, that is, the reincarnation of heaven. This law of reincarnation is very common, and the economy cannot escape this basic law of the universe.  The existence of the consortium is gradually no longer a secret in the Republic of China.  Although the Chinese oligarchic consortium formed by Jiang Yu is not as high-profile as the American consortium, there is no airtight wall in the world, and many people still learn of the existence of the consortium in daily production activities.  But not everyone knows the nature of the consortium. After all, information transmission in this era is not that developed, and there is no free online world.  People do not care about the monopoly of consortiums in many fields in China today, because their lives are indeed very good. The consortia have not harmed their interests, but have created benefits for them.  For example, a consortium can issue additional banknotes, but these banknotes are not spent by the consortium itself, but are loaned to the people so that they can invest and consume.  The common people also have supreme trust in Jiang Yu, the leader of the consortium, the founder of the rise of the Republic of China and the backbone of the nation today.  If someone stood up and shouted to knock down the consortium, no one would respond.  Many years later, when Song Jiaoren wrote his memoirs, he said: "I did lie at that time. The prosperous economy was indeed unsustainable. But the existence of the bubble economy was not entirely a bad side for the nation. During that period, we passed such a  In this way, we have overtaken Europe and the United States at the fastest speed, making our comprehensive strength far exceed that of the European and American countries combined. "As for the consortium issue, Song Jiaoren was unwilling to mention it too much in his memoirs.  (To be continued
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