Chapter 224 Foreign Exchange Support
The light source converter can bring huge profits to 800 million farmers, and it stands to reason that no matter how stupid the country is, it will support this plan.
But right now, it's all about investing.
If there are 3,000 yuan per light source converter, it will require as much as 2.4 trillion yuan, accounting for one-sixth of the country's annual fiscal revenue and expenditure.
Where to get this money is now a point of contention among the bigwigs.
The bigwigs discussed for a full hour, but they still hadn't come up with a decision.
Ross couldn't help it: "Leaders, I'll tell you the truth, don't be upset. I can understand that fiscal spending cannot be cut, and so much money cannot be squeezed out. ”
"But our country has the world's highest foreign exchange reserves, about 3.5 trillion US dollars, and only one-eighth of them needs to be used to support this plan. It is no exaggeration to say that if the annual income of each farmer really reaches 30,000. ”
"800 million farmers, using light source converters, grow grain, worth 24 trillion yuan. At that time, China's economic aggregate will not increase by 10% in a year. That's 30 to 40 percent. China's total economic output will be able to catch up with the United States within a few years. I don't know what you have to hesitate about. As long as $400 billion is allocated to support this plan, the benefits will be dozens of times. Why hesitate? ”
A big man sighed and said, "Major General Luo! This forex is not as easy as you say, you can take it out if you want to. My foreign exchange is used to ensure economic security and maintain the status of the renminbi. Our foreign exchange reserves, of which $1.3 trillion are US national debt, is equivalent to money lent to the United States. ”
"If you sell tens of billions of dollars, it doesn't have much impact. Selling $400 billion in Treasury bonds is too much of a move. President Sean of the United States has already said it. I want to engage in comprehensive cooperative relations with our country. If at this juncture, there is a massive sell-off of US Treasuries. The consequences will lead to economic war. ”
Ross was a little confused: "I don't understand the economic part, I want to ask, why the sale of US Treasury bonds will cause a currency war." ”
Another big man also stood up and sighed: "Major General Luo! This sell-off of dollar bonds will trigger a depreciation of the dollar, causing huge inflationary effects on the US economy and causing the US economy to deteriorate. Once our country sold off the dollar in large quantities. It will inevitably cause panic in the US government and even trigger an economic war. ”
Ross was a little puzzled: "Leaders, can you talk in detail." ”
"Major General Luo, I'll give you a brief explanation. For example, there is a cart of apples in the market, and there are 10 people around to buy this apple, originally the apple is 5 yuan a catty, these 10 people have 1000 yuan each, and the price of the apple is 5 yuan a catty.
As a result, a local tyrant appeared. He threw out 10,000 dollars to buy these apples. At that time, the value of this pile of apples was equivalent to 20,000 yuan, and if you want to buy apples fairly, the other 10 people have to pay 10 yuan a catty. ”
"It's the same with the dollar. It is issued on the basis of the hard currency of gold reserves. If the issued dollars exceed this amount, then the dollar becomes worthless and depreciates. So the dollar is not something that can be printed if you want to.
If China sells $400 billion of government bonds at once. The 400 billion was directly smashed into the market, and as a result, the capacity of the dollar in the market exceeded the standard. As a result, the dollar became worthless, something that was previously bought on the market for 1 dollar. It may cost $1.5.
Other countries, in order to avoid reducing their holdings of the dollar, may also sell the dollar in exchange for a currency that does not depreciate. If countries follow the massive sell-off of dollars, these dollars can only end up flowing to the United States, and the consequences will be catastrophic. This will raise prices in the United States, cause inflation, and completely destroy the American economy.
The purpose of holding a large number of dollars in our country is to prevent the United States from launching an economic attack on our country. Once the United States strikes our country too hard. A massive sell-off of dollars is one of the best ways to hit the United States. If the United States does not accept these dollars, its credit will go bankrupt, and after receiving these dollars, domestic prices will inevitably rise. ”
Ross was a little dizzy when he heard this: "The leader means that if a large number of dollars are sold, it will cause the dollar to depreciate, and the United States will think that our country will launch an economic attack on them, right?" ”
The leader smiled bitterly: "Major General Luo, this is just one of them. The trade of all countries in the world is settled by the US dollar, and if all the dollars are thrown out, what will happen to the international trade settlement? The renminbi is not a global currency. Without dollars, many goods cannot be imported from foreign countries! For example, the chips that China needs a year are worth 200 billion US dollars. If you don't buy it in dollars, you won't accept it in RMB! ”
The bigwig continued: "And after selling the dollar and the depreciation of the dollar, many export enterprises in our country will decline their export profits because of the depreciation of the dollar, many companies will go bankrupt, and a large number of people will lose their jobs, which will have too great an impact." Therefore, it is difficult to estimate the consequences of selling $400 billion of Treasury bonds to support the light source converter. ”
Rose scratched his head anxiously: "What a cow in the United States!" The use of dollars has kidnapped China's economy, and the US debt is not to be sold, and if you don't sell it, you can only lend it to them and spend it slowly. The little bully of the United States lives so nourishingly, he is borrowing money from all over the world to live! Depend on! It seems that it is necessary for me to do business in the future, let all foreign countries settle accounts in RMB, and help RMB go to the world. Prevent the impact of the depreciation of the US dollar. ”
The supreme leader sighed and patted Ross on the shoulder: "Major General Luo, tell me frankly, how much does your light source converter cost." ”
The original cost of the light source converter was 500 yuan, and Ross wanted to make money in a hurry, so he wanted the country to use 400 billion foreign exchange, and now since it is so troublesome to sell US bonds, Ross is of course embarrassed to open his mouth, and stretched out ten fingers at the moment: "The cost is 1000 yuan." ”
"Oh! In this way, it doesn't need $400 billion, only $130 billion can produce a light source converter. ”
"Leadership...... Having said that, we can't let Yuta sell it for 1,000 yuan! Yuta company wants to support hundreds of thousands of employees, and our money is spent on the blade, the development of science and technology, none of which does not help the country, does not help the people, and should make money! ”
"Major General Luo! We understand what you're saying. It is better to squeeze the country from foreign exchange, and sell $30 billion in US bonds, and $30 billion worth of Japanese and European bonds, and make up $60 billion. Then the farmers let them pay 500 yuan per light source converter, so that the light source converter can be put into production. The money owed will be deducted when the farmers sell their grain, and we will first get this light source converter out of production. ”
As soon as Ross heard this, he was helpless, and now he could only get 60 billion US dollars in cash by using the light source converter, and the rest could only be white, but fortunately, the farmers could deduct 2,600 yuan from selling grain, and they didn't have to worry about the debt.
After hesitating again and again, although he made less money for the time being, he would make more money in the future, Ross nodded and agreed: "Okay, the state lends me 60 billion US dollars, and I will use it as a production investment cost." When I make the light converter, I'll pay the $60 billion in interest. ”
The supreme leader finally smiled: "There is no need for interest, and the peasants will grow grain early and export it in large quantities in exchange for a large amount of foreign exchange." It has an obvious effect on the country's economic promotion, and the state does not charge you interest, so I will immediately find a way to let the foreign exchange department get the money. ”
Rose squinted, "Okay! ”
The supreme leader couldn't help it: "Major General Luo! Here's a question! In fact, money is not a problem for you at all. As long as you list the company, I believe that the 1.4 billion people in the country will go crazy to grab the shares of the company. You are really short of funds, and if you go public, the cash you get is at least a few trillions! ”
Ross smiled embarrassedly: "If it goes public, the people of the whole country will become shareholders of my Yuta company." Shouldn't I give money to the people of the whole country, it's not yet time! ”
"Huh! Major General Luo, are you too greedy? If your Yuta company goes public, you will have more than 500 billion US dollars in assets, how much money do you want to make! ”
"O leader! I want to develop science and technology, burn money, and that speed is afraid to scare you, so I really can't go public now to distribute dividends to the people of the whole country. When my technology is all out, I will definitely list the company and let the people of the whole country become shareholders of my Yuta company. Our Yuta company helps the people of the whole country to make money, and everyone makes a fortune together. ”
"Hehe, I can only hope that day will come sooner."
"Leader! The capital for the manufacture of light source converters is barely a problem. What should we do about the problem of grain export and export? (To be continued.) )