The construction of the submarine power transmission cable, which was relocated from Anga Island to Malaysia, is already halfway underway. Pen Fun Pavilion wWw. ｂiquge。 infoAustralia's submarine cable, construction has already begun. The submarine transmission cable from New Malaysia to India has also entered the preparatory stage of construction.

As in Jiang Chen's plan, the global power grid plan is progressing smoothly and orderly.

It's just that because of the accident in Europe, Jiang Chen had to end his trip early and return to China, and the name South Korea was missing from the list of the first countries to join the global power grid list of Transwarp Trade.

But none of this mattered, and Jiang Chen couldn't run all over the world for these undersea cables.

When other countries see the benefits of importing electricity from new countries, they will naturally come to the door to negotiate.

At that point, it will not be a buyer's market, but a thorough seller's market.

Promote the electrification of society, significantly reduce the cost of industrial electricity, improve the energy structure, and reduce the burden of thermal power generation on the environment...... These are all tangible benefits, and Jiang Chen also believes that the vast majority of countries will not turn a blind eye to them.

After returning to China, the first thing Jiang Chen did was to convene a shareholders' meeting of the new Federal Reserve and put forward a resolution of far-reaching significance to the new country.

Without any precious metals as a guarantee, the New Federal Reserve announced that it will issue a total of S$1.4 trillion in three tranches in February, based on the annual GDP data of the new country released by the New Nations Bureau of Statistics, and put it on the market in batches in the coming year. And in the next five years, the new Fed will relax the restrictions on currency issuance to meet the needs of the market.

Does the market really need it?

When Jiang Chen proposed the resolution at the shareholders' meeting, there was an uproar at the meeting.

It's not money printing anymore, it's just opening the floodgates!

Sitting here are the bankers and capitalists of the new country, most of whom have been directly or indirectly supported by the Future People Group. Of course, many of them emigrated from other countries in the Commonwealth. After all, in history, this small island was once a British colony.

When they heard the resolution proposed by Jiang Chen, someone immediately stood up and raised objections.

The new country's economy has finally stabilized, and now printing money on such a large scale will undoubtedly cause a large-scale depreciation!"

"It's not money, it's a bubble!"

"What's the use of printing so much money, I don't see any benefit other than inducing inflation!"

"I'm okay with printing money, but the figure of 14,000 is just whimsical! The total amount of money we have issued is only S$17,000, and the amount of money in circulation is less than S$50 million."

"Is it messy?" Standing in the meeting hall of the New Fed shareholders' meeting, Jiang Chen glanced around at the shareholders of the New Fed present, "Ladies and gentlemen, our currency circulation is close to one-third of the total amount of money, what does this mean? This means that we have the strength. ”

"Bubbles? I would like to ask you, how much of our GDP belongs to bubbles? Which of the many businesses of the Future People Group has become the top of the world's top 500 enterprises through real estate or financial speculation?"

"I want to ask you, how much of the 90 percent of GDP I contribute is a bubble?"

With such a domineering statement, all the new Fed shareholders present were speechless.

As Jiang Chen said, 90% of Xinguo's GDP is directly related to the two companies of Future People Group and Transwarp Trading, and the remaining 10% is basically indirectly related to the man in front of him.

After all, four years ago, the people of Panu Jiu were still living a life of fishing and counting bananas. Now, more than four years later, they have not only built the world's longest submarine tunnel, but even put the elevator into a synchronous orbit and established a colony on the distant moon.

It can be said that everything in the new country is now because of the man in front of them.

"This is the Singapore dollar, the currency of our new country. Jiang Chen took out a coin from his pocket, shook it in front of everyone, and slapped it on the table, "At most, in five years, it will become the currency of the entire world." ”

"Let's start voting directly," leaving this sentence lightly, Jiang Chen glanced at all the new Fed shareholders present, "Let me see your courage and ambition." ”

The shareholders of the new Fed looked at each other and whispered their opinions.

Jiang Chen sat back in his seat and watched all this quietly.

About ten minutes later, the results were in.

Looking at the numbers on the big screen, a smile appeared on Jiang Chen's face.

With the exception of 5 abstentions and 2 against, almost all voted in favor.

The miracles created by the Future People Group have made the shareholders of the New Fed almost subconsciously make their own choices.

There's no need to doubt at all, is there?

……

The large-scale issuance of banknotes did have a certain impact on the exchange rate of the Singapore dollar, but the impact was quite limited because the new currency was not immediately opened and put on the market. After all, the printed money does not mean that it can be used immediately, but mainly has to enter the market circulation in the form of loans.

However, despite this, the banknotes have been printed and the news has been announced.

In the eyes of everyone, the passive depreciation of the Singapore dollar seems to be imperative?

The International Monetary Fund downgraded the credit rating of the Singapore dollar, and central banks also made certain adjustments to the exchange rate between the Singapore dollar and their own currencies, so that the exchange rate of the new dollar recorded a large decline in a short period of time.

After the depreciation of the Singapore dollar for a period of time, Jiang Chen began to gradually exchange all the foreign exchange held by the Future People Group and Transwarp Trade for the Singapore dollar through the channel of Future People Bank. This includes the profitability of the major subsidiaries in industries around the world, including the contracts signed by the development of outer space resources.

Even the foreign exchange that did not arrive was sold by Jiang Chen to the New Federal Reserve in the form of a "loan".

Of course, this move could not be hidden from the eyes of the other shareholders of the new Fed, but no one objected to it. After all, the decline of the Singapore dollar has been determined, and it is undoubtedly a high-risk thing to exchange the foreign exchange in your hand for the Singapore dollar at this time.

Moreover, at a time when the new dollar exchange rate is falling rapidly, the new Fed also needs a large amount of foreign exchange reserves to stabilize the value of the national currency.

Buying when the exchange rate is falling also means that Jiang Chen can use a small amount of foreign exchange to exchange a large amount of paper called Singapore dollar from the hands of the new Federal Reserve.

And at this moment, central banks around the world are watching the show, watching how the new Fed will play itself to death, printing a bunch of useless scraps of paper to bring down their own domestic economies. And estimate when the enterprises of the new country will go bankrupt because they cannot afford the raw materials of the port, and then go to the bottom of these endangered enterprises.

Just when everyone thought he was crazy.

Transwarp Trade suddenly posted a resolution on its website.

[According to the regulations on the development of space resources promulgated by the new country, in order to facilitate market management and taxation, Transwarp Trade held an internal meeting and decided that the contracts that have been signed will not be affected, and from today onwards, including space elevator freight, import and export settlement of goods, etc., will be terminated in foreign currency settlement, and Singapore dollar will be the only currency for space resource transactions......]

(Double monthly pass on the last day, brothers who still have tickets, don't forget to vote~) (To be continued.) )