Section 138 Sovereign Digital Currency

Just after the New Year in 2017, Zhaohui received a notice to attend the Xishan Conference in the imperial capital.

Xishan Na can be the core strategic location of the Dragon Kingdom. Generally, the meetings named after Xishan are meetings at the national strategic level.

The new leadership of the Dragon Kingdom is all young Zhuang faction, and they are responsible for the great national rejuvenation.

Since the reform and opening up in the 70s of the last century, the Dragon Kingdom has made remarkable achievements. GDP has reached 175 trillion Chinese dollars, 25 trillion US dollars. It has become the world's largest economy.

The per capita GDP output value has also reached 1.78 trillion US dollars, ranking 11th in the world.

If the Dragon Kingdom goes further, there is a problem that cannot be avoided, and it must be a decisive battle. This problem is the global financial problem.

The topic to be discussed at this Xishan meeting is that three years later, that is, on October 1, 2019, on the occasion of the 70th anniversary of the founding of the Dragon Kingdom, there will be a financial showdown with Sam Country!

At the beginning of the meeting, Xing Yue, president of Longguo National Bank, gave a background introduction.

As we all know, international trade, that is, colloquial exports, is a top priority for any country. Exports, domestic demand and infrastructure are the troika of any country's economic development. As for domestic demand and infrastructure construction, it is an internal problem of a country, and it can be regarded as a problem that can be solved by domestic finance.

For example, the amount of currency issued within a country is coordinated by the country's central bank, and it is enough to balance inflation and deflation. Inflation is when the amount of money issued is too large, causing the currency to depreciate. Deflation is when the amount of money issued is too small to meet the circulation.

And the trade between countries, that is, foreign trade exports, is not a problem that can be solved by any country issuing its own currency.

This requires a currency, which is widely recognized by the world, and the currency that is widely recognized in the world today is the American knife.

At present, trade between countries around the world is using the international trade settlement system provided by Sam's Country. In this settlement system, the settlement currency used by everyone is the US knife.

In other words, any country that does business with each other needs to convert its own currency into American knife currency first. Then use the international trade settlement system to transfer money to buy and sell things.

There are two dependencies in this, the first is the US dollar currency, and the second is the international trade cross-border payment and settlement system (referred to as SWIFT). Both of these aspects are in the hands of Uncle Sam.

No country can get around these two issues.

"Are there any drawbacks in these two questions?" A representative from the Ministry of Housing and Urban-Rural Development asked.

"Yes, and it's very serious." Xing Yue said. Then he gave a detailed explanation to everyone.

Take the housing prices under the jurisdiction of the Ministry of Housing and Urban-Rural Development. Why are there places in the world where house prices are so high? This is actually indirectly caused by the US knife currency.

Why the U.S. knife currency has a huge impact on the world. This is to know the issue of the issuance of the US knife currency. The issuer of the U.S. knife currency is Sam's U.S. Reserve. The U.S. Federal Reserve is not part of Sam's Country**, unlike many central banks. Generally, the currency of a country is issued by a central bank controlled by the state. However, the United States Reserve is composed of private banks, including Huaqi Bank. In accordance with federal law in Sam's Country. The U.S. Lian Reserve prints and issues currency, and Sam Country** borrows currency from the U.S. Lian Reserve.

That is to say, the monetary and financial affairs of the entire Sam's country** are all manipulated in the hands of a consortium of private banks. They can issue as many currencies as they want. Their over-issued currency makes the world's countries pay for it.

If a country issues too much currency, it will bring inflation to the country. However, Sam's country's U.S. even reserve issued a lot of currency, but it is up to countries around the world to pay for it. Inflation in every country is not Sam's business.

To sum up, the over-issuance of the American knife makes the whole world pay for it, and the issuance power of the American knife is in the hands of the private banking consortium.

The cross-border trade of all countries in the world completely relies on the US knife as the settlement currency, so it is equivalent to the private banking consortium of Sam's Country manipulating the world's cross-border trade settlement.

Is it possible to use U.S. dollar currency? The answer is no, because in addition to the US sword currency, the cross-border trade settlement system SWIFT used by various countries was built by Sam's Country. So it is inseparable from the US knife currency.

"Isn't everyone using our Dragon Country's "worry-free payment"? Is it possible to make the whole world use this system for cross-border trade? A leader of the Ministry of Land and Resources spoke.

"It makes sense, but it's not complete. The most correct way is to release, the "global digital currency payment and settlement system DC*EP" endorsed by the sovereign state of Longguo, "President Xing Yue said the ultimate answer.

If we want to subvert and get rid of the American knife, we must first subvert the cross-border trade payment and settlement system that Sam's Country is currently implementing. Let countries around the world use the "global digital currency payment and settlement system DC*EP" launched by Dragon Country.

This digital currency payment and settlement system is backed by the sovereign dragon state**. Dragon Country** has become the world's largest economy, supported by a strong credit system.

If this DC*EP system is launched by a small non-state country, then few countries will believe it, because the small country does not have the strength and does not have a strong economy as a credit support.

As the credit support of the DC*EP system, then all countries in the world will believe in this system.

"How is the DC*EP system launched by Dragon Country better than Sam Country's SWIFT?" Zhaohui asked.

"This is a good question, and this is the key to our DC*EP to impress countries around the world, and I will tell you about it." Xing Yue said.

First of all, our transfers are fast. Our DC*EP transfer speed is "second-to-second", that is, the transfer can be completed in 1 second. The SWIFT system, which Sam Country has used by countries all over the world, takes as little as 3 days to transfer money, and as long as 10 days and half a month, or even longer.

Secondly, we have the lowest transfer fees. We can charge a transfer fee of 1 in 1 million. Sam's Country has made the SWIFT system, which is used by countries all over the world, charge a fee of 1/10,000. International trade is hundreds of millions and billions of dollars at every turn, and charging a handling fee of 1/10,000 will cost tens of thousands or even hundreds of thousands of yuan. And we only charge a few hundred dollars and a few thousand dollars.

The third is that our DC*EP system supports multi-currency exchange. All forex currencies are available in any country. It is no longer necessary to use the US knife as the only intermediary currency, as Sam Nation requires. In this way, the countries of the world will no longer be held hostage by the US sword currency.

The fourth is absolute security. Digital currency adopts the blockchain distributed bookkeeping method. No country**, institution, individual, or even the world's top hackers can alter transaction data. The so-called blockchain digital currency means that all customers who participate in the use of the DC*EP system, whether it is a state, an institution or an individual, have a transaction data ledger. When there is any change in data, the world's ledger system will change with it. Such a massive ledger system cannot be changed by any hacker. Unless he breaks down the world's systems one by one and modifies all the transaction accounting data.

You don't have to worry about trading data leaking trade secrets. Because all transaction data is encrypted randomly.

For example, a company A in one country and company B in another country make a transaction of 10,000 yuan. All customers' ledgers record the transaction data that has changed. It's just that this transaction data is not 10,000 yuan, but a string of numeric codes. Moreover, the digital code corresponding to 10,000 yuan is not fixed, but occurs randomly. So this is a complete confidentiality and security.

"I would like to summarize understandingly, because the global digital transaction settlement system DC*EP of Dragon Country has the credit endorsement of the country with the world's largest economy, and it is superior to the SWIFT system that Sam's Country now uses for everyone in all aspects. This will allow countries around the world to abandon Sam's Country's SWIFT and U.S. Sword monetary system, and then use Dragon Country's DC*EP and foreign exchange systems such as Chinese Dollar, European Dollar, and Japanese Yuan. From then on, the world will enter the post-American knife era. Will no longer pay for Sam's Nation Super Knife. Zhaohui said.

"Zhaohui is absolutely right." Xing Yue, governor of the National Bank, said.

"I'll add one more thing." Ju Wenbin, chairman of the National Banking Regulatory Commission of Longguo, added. He then analyzed that the traditional gold standard could not meet the needs of today's world economic development.

The gold standard is based on the amount of gold reserves used as the basis for the amount of currency issued. Due to the restrictions on the storage and mining of gold in the world, there is a serious inversion with the economic development of countries around the world. This means that the total amount of money we need continues to increase, while the supply of gold cannot keep up with the pace of economic growth.

Then a digital currency similar to gold preservation is needed to replace physical gold. Digital currency is actually a medium of exchange, acting as an intermediary transaction currency.

Because the American knife was manipulated by privatized banking groups, the world has suffered enough for decades of over-issuance of the American knife, and the American knife has a strong label of Sam's country and has lost its fairness. Now it's time to say no to the sword.

All this stems from the rapid development of the economy of the Dragon Country, which has surpassed Sam Country and can carry the banner of trade settlement in all countries of the world, and the Dragon Country has the strength of this country.

Second, the Dragon Kingdom loves peace, does not engage in colonial expansion, does not engage in power politics, and advocates economic development, which has the characteristics of fairness and trustworthiness. Therefore, the Dragon Kingdom replaces Sam's Country and assumes the role of the sovereign state endorsement of the trade settlement system of all countries in the world, which is deeply rooted in the hearts of the people.

"We want to implement the "global digital currency payment and settlement system DC*EP" to all countries in the world, and one country will be unhappy. That's because if they move their cheese, they will do everything possible to obstruct it. Everyone knows in their hearts that this country is Uncle Sam. In order to deal with Uncle Sam's various obstacles, we have to make adequate preparations and estimates. From now until the 70th anniversary of the founding of the People's Republic of China, we still have three years to prepare, and we must make good use of these three years to finally have a financial showdown with Sam Country in 2019! At this time, the No. 1 leader made a key speech.

"In the next few days, let's simulate what kind of obstruction Sam's Congress will do? Where are we going to strike? "Prime Minister Qiang asked everyone to discuss the meeting.