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Text Chapter 1118 Circulation is the economy

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    After Chen Xi obtained some information about the aristocratic family from Yuan Shu, he already understood that it was time to sow the seeds.

    "Uncle Chen, help me find Wen Ru." Chen Xi said to the housekeeper after returning home.

    "Master, Li Changshi came not long after you left and is still waiting for you in the hall." Butler Chen leaned over and replied, "But Li Changshi seems to be in a bad mood."

    "Oh, I'll go take a look." Chen Xi nodded, and then strode towards the middle hall, where Li Youzai sat with his eyes closed to relax.

    "Hey, Wenru, you are so free today." Chen Xi walked very clearly, but the moment he walked in to block the light, Li You opened his eyes, and Chen Xi greeted him immediately.

    "That's not true, it's just because I have no money and can't do it anymore." Li You, who has been working hard recently, said neither salty nor lightly, but the resentment in it was obvious.

    "There's nothing we can do about it. We can only spend so much, and what Zizhong is doing is relatively more urgent." Chen Xi sighed and faced Li You, "Actually, I'm curious about how you did it.  If you get the one billion dollars, no one else can withdraw the money without my seal.¡±

    "That's what you filled in." Li You rolled his eyes and said, "And since we can raise one billion dollars, why not spread out the project? Our overall construction speed is very slow."

    "Impossible, all the bills I fill out will be backed up to avoid omissions or overspending. After all, I need to carefully consider every large expenditure to avoid causing turbulence to the entire market environment." Chen Xi shook his head, so because of his high position,  He is more cautious than before.

    "Actually, Zichuan, I have never understood why you are cautious. If you can raise the money, you can use it. If you don't have it, you can say nothing." Li You looked at Chen Xi and was slightly dissatisfied.

    Li You had planned where to spend each million of the billion and what effect it would achieve. However, 700 million of it was directly transferred away by Mi Zhu. He didn't even have to lose his temper and came to find Chen Xi after holding back his anger.  Trouble.

    It¡¯s also a shame that Li You is good at cultivating Qi, otherwise he would definitely not be so calm.

    "Okay, let me briefly explain to you how I did it. You can understand as much as you can. If you don't understand, I will explain it, but not in too much detail." Chen Xi saw Li You's expression and thought.  I think I should explain it to Li You.

    "Okay, what you say, I'm all ears." Li You sat upright with a respectful look. If nothing else was said, in terms of internal affairs, everyone under Liu Bei was willing to listen to Chen Xi's command.

    Chen Xi briefly explained economic control, political economics, probability basis, bank macro-control, and inflation rate to Li You. Li You could understand the first part, but as he got to the end, he felt dizzy.  !

    "You mean you actually don't have a penny?" Li You didn't understand, but he could still understand Chen Xi's meaning of having no money.

    "Of course." Chen Xi said with a smile, "It's like borrowing a chicken to lay an egg. He keeps a billion dollars with us, and I transfer it to him. Then when he wants to withdraw the money, maybe I already have the money."  Making money creates a lot of money, and maybe those who come after you have borrowed money.¡±

    Li You was shocked, can this kind of gameplay prevent anything from happening?  Are you kidding me, something will happen sooner or later.

    Chen Xi saw Li You's shocked expression and said nonchalantly, "Don't worry, as long as there is no run, no one will be able to discover our situation, and now we have too much free labor, and every penny is in my hands."  The profit created is far greater than the cost.¡±

    "In other words, you have been demolishing the east wall to make up for the west wall. In other words, Qingxu Taishan doesn't have anything of our own at all now?" Li You said with a frown.

    "How can you think so? I didn't tear down the east wall to pay for the west wall. I just let the money pass by. To be precise, I didn't spend a penny of it. There is a state called dynamic balance of income and expenditure." Chen Xi said with a smile.  .

    Li You doesn't understand this. Although he always feels that this method is unreliable, Chen Xi has been playing it for many years. From the time when he made a mistake with Bai Tiao in Jiantai Mountain to the current dynamic balance of the bank, Chen Xi has never failed, and it can be said that he has made a mistake under his rule.  Thriving.

    "What does it mean if the family uses white strips?" Li You frowned and said, this is the biggest problem inside.

    "That's money, too, and it's money equivalent to cash." Chen Xi said silently, "What's attached to it is my credit, which is a way to replace copper coins."

    Chen Xi looked at Li You's confusion and knew that the other party knew nothing about credit currency. He sighed and pointed at the tea set and said, "Speaking of Wenru, how much is this tea cup worth?"

    "The exquisitely crafted white porcelain has pictures of flowers and birds on it. It is the only one of its kind in the world."Thousands of dollars.  "Li You looked at the tea cup and said.

    "Well, Wen Ru, if you use this tea cup as a voucher to make a deal with someone, after you get goods worth tens of millions of dollars, and the other party exchanges this tea cup for tens of millions of dollars, how much is this tea cup worth?" Chen Xi asked with a smile.  road.

    "Ten thousand dollars? No, tens of millions of dollars, but" Li You frowned, as if he had grasped something.

    "What you mean is that the exchange of notes is equivalent to the teacup before. The teacup can be exchanged for so much money because the other party believes that he has delivered the goods and believes that you will pay. The teacup is just a voucher, and so is your exchange of notes.  Proof." Li You looked at Chen Xi and suddenly became enlightened.

    "Yeah, that's just a voucher. They believe in the bank and believe that they can get the money anytime they exchange the tickets, because of my credibility and the credibility of the forces behind it." Chen Xi nodded and said, "And this is  Credit Currency.¡±

    "It has no value in itself. It circulates because of the credit of the issuer and is a recognized currency. This is why the voucher I wrote can be directly exchanged for materials and copper coins." Chen Xi said calmly, "As you guessed,  I was literally making money out of thin air.¡±

    Li You has nothing to say. Although he used to tease Chen Xi for making money out of thin air, in the end, it turned out to be true that he came back in a strange way.

    "Although it is creating money out of thin air, there is nothing to worry about. Once it exceeds a certain limit, I cannot give the certificate a real value, and then another result will occur." Chen Xi said quietly, which is why  He wants to tie more aristocratic families into banks and connect them with Cao Sun.

    The larger the scale, the greater the amount that can be drawn as a voucher, the smaller the credit burden will be, and the smaller the possibility of the system itself being overwhelmed. When the entire system is stable, Chen Xi will withdraw.  , handing it over to the state can restrict the family economically in an instant.
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