"When domestic production technology cannot form an absolute advantage over other countries, too much amount of advance consumption will devalue the national currency."

After dawn again, Li Longji came to Li's Zhuangzi.

He wanted to discuss with Li Yi the trade and currency issues of the Wa Kingdom.

As a result, Li Yi talked about monetary theory, which is not purely financial, but includes production technology and productivity.

And what he said was the reason why the country on the other side of the world once tried its best to suppress his country's electronics and tertiary industry.

Electronics are a field of science and technology, and once they are in operation, when the cost is lower than the actual value of the purchase of goods, it will have an impact on their home country.

The tertiary industry is services, electronic services, and APP, and once the scale is large, there will be capital outflows.

So what are the most immediate consequences? Currency depreciation in the country.

That's why the crazy president of the country on the other side of the earth is trying his best to clean up these industries in Li Yi's country.

If it is not cleaned up, the stability of the currency that has existed for hundreds of years will be broken, and then the currency will depreciate, thus losing its international status.

The consequences of currency depreciation are serious problems for international currencies in terms of currency repatriation.

For example, M yuan, which is an international currency, is issued for one trillion.

Buy a whole bunch of products from other countries, which are consumed in their own countries.

Then after the cycle of tariffs of five percent and twenty times, this trillion is not overissued, there is no need to depreciate, and the money is earned.

The products that other countries used to sell to him were all physical goods, ores, metals, leather, and small commodities......

The physical object has value in itself, even if it will break.

But one day, a country's APP was thrown over, and the APP was not a physical object, and then it was crazy to make money.

The money earned can be used to buy the actual things of the country, and if you buy it at one meal, the domestic materials will flow out.

If you want to buy grain, so much money, and the domestic grain price will increase, which will produce inflation of M yuan.

When more similar things occur, the M yuan will continue to depreciate, and in terms of high technology, it will lose its dominance, what will be the consequences?

The depreciation is too big, the credit is lowered, and then more countries holding M dollars will go crazy to buy things in their own countries.

M yuan itself is not the standard currency, it is a credit currency, and the over-issuance needs to be balanced.

Once everyone uses the money to buy things in this country, the price of things in this country increases.

Inflation is coming, and the people need to bear the loss.

The hard-earned money of the people is worthless, the purchasing power is declining, and the economic crisis has erupted.

This is the result of the loss of technological leadership, and at the same time, the tertiary industry of other countries grabs the value of their own currency.

So people have to sanction you, and they have to force you to sell that APP.

Otherwise, people's monetary systems will collapse, and money will return, resource spending, and inflation.

That is to say, how much over-issued credit money has been released by its country with technological superiority, and how much damage will be caused to it by those credit currencies when technology cannot rule.

Li Yi didn't say anything about what happened at that time, but just explained this concept to Li Longji in an easy-to-understand way.

Li Longji understood, and now he wants to offer all the dead people of the Li family's Zhuangzi.

You are so great, you have died a lot of people, and finally you brought Li Yi over to receive Zhuangzi.

I know Brother Yi because of this, oh, and the eldest brother, it was the eldest brother who found out about the situation after going to Huangzhuang first, and it was really his own brother.

"Brother Yi, that means that our technological advantage is in the over-issuance of currency to the outside world, and we can use technology to make up for it?"

At this moment, Li Longji is eager to immediately set up a special technology research and development institution.

"Yes, including the technical price difference and tariffs, the things sold to us by the other party have no technical content, we charge them tariffs, and they have to hold on.

We have technical things to sell in the past, and they don't dare to charge us tariffs.

Even if we don't sell them high-tech things, they can't pay any amount of money.

For example, lathes, lathes in Zhuangzi have been improving, and then the things made with lathes also contain very high technology.

The lathe can never be sold, and the tools produced by the lathe are restricted if others want to buy them. ”

Li Yi admits that this is the case.

At that time, his country was subject to various technical restrictions, not to mention the mother bed technology, and the derivative products were not good.

But his countrymen at that time were awesome, whatever you restricted me, I would fight in whichever aspect.

If you don't let me enter the space station to cooperate, I will launch the space station myself.

If you don't give me a 100,000-ton hydraulic press, I'll build it myself, and then sell a 200,000-ton hydraulic press.

Thank you, thank you for the adversity you have given us. We are kites, rising in the face of adversity.

You don't sell us the five-axis linkage, and now we also have 3D printing technology.

Technology has an upper limit to development, and the development of ten years is leapfrogging, and every step is difficult after ten years.

My country will chase these ten years, and then stand with you every step of the way.

Even overtaking in corners, faster than you, because we had a stronger foundation in those ten years.

You can stop it for a while, can you stop it for a lifetime?

Li Yi thought about it, showing a proud look.

My Datang technology is restricted, and you can't catch up for a hundred years, and neither can the Wa Kingdom.

The Wa country is good at learning, it depends on who the opponent is, and I am better at learning.

The Japanese country can bear hardships and stand hard work, and brag with other countries, but in front of the Chinese nation, you are still not strong enough.

Li Longji didn't know what he was thinking about Brother Yi, but he suddenly found that Brother Yi's state was different.

On the surface, it looks more peaceful, but the look in his eyes gives people a feeling of wanting to fly.

"Brother Yi?" Li Longji spoke carefully.

"What for?" Li Yi also suppressed the movement.

"Does your mother bed need to be strengthened?" Li Longji is worried.

"I built three sets, two of them underground, and then when I could improve and upgrade, I put them underground.

It doesn't really need to be like this, I'm just cautious.

Others can't get in, even if you desperately come in a few, it's useless to take a look, that thing can't just be seen. ”

Li Yi has never worried about the problem of his machine tool mother's bed.

Now the mother bed in Zhuangzi is always being updated, and the precision will be stronger from generation to generation.

Coupled with the fact that he has enough theoretical support, after a while, he will be able to produce semiconductors.

"Wait for two years at most, maybe a year, there is no need for information transmission in ten miles, logistics must be maintained, I will take something out, and we will send a telegram."

Li Yi revealed something in advance, telegram is now technical enough, hardware.

He doesn't need to take detours, he has technical information, and he is directly in place.

"What is a telegram?" Li Longji has seen a good lathe, which is not as good as the equipment in Li Yi's hospital, but it is a good thing that can be made by himself.

"Thousands of miles away, I'm writing to you here, yes, even if it's a letter, after a few breaths, you receive a letter from there, this is a telegram."

Li Yi considered the vocabulary and tried to say it to Li Longji as plainly as possible.