998 banknote supply
"Well, thank you, sir. Although I personally have a bad opinion of security companies. They're just a bunch of guys who take money to do things, but I still thank you, sir. The ninth lieutenant said helplessly.
"I personally believe that the country still needs soldiers like us, money, it is of little use to us, we are fighting for honor, for what is our duty. And not money. The people of the security company, they don't have such a sense of honor. They are not really military men. The ninth lieutenant said calmly.
"Although my talent may be buried in the army, I believe that I have fulfilled my greatest responsibility for the country, and this is my honor, and this country will remember my honor." The second lieutenant said.
"Ninth Ensign." The lieutenant colonel stood up at this time and said.
"Something. Sir. The ninth lieutenant said.
"You are a real soldier. You have a sense of honor as a soldier. The lieutenant colonel looked at the second lieutenant and said.
As he spoke, the lieutenant colonel raised his right hand and saluted.
"I salute you. It is precisely with soldiers like you in our Qin army that we will become an undefeated army. Thank you. The lieutenant colonel saluted.
"Smack." The Ninth Second Lieutenant immediately saluted at this time.
And his eyes were already very moist.
Then, the Ninth Ensign slowly withdrew.
The lieutenant colonel watched slowly as the soldier left. It is precisely because of the existence of soldiers with military ethics like the Nine Class Souls in the Qin army that they can ensure that the huge territory of the Qin State is not invaded by any foreign race. And the Qin State expanded its territory. It is precisely because of such soldiers that the Qin State has formed such a tiger and wolf army.
The fighting will of the Qin army continued the fighting will of the previous Qin army. It is precisely because of this will to fight that the Qin State has an inviolable reason, and the existence of the will to fight is invisible. But he existed again, and Shang Wen couldn't understand what this will to fight was. But most of the high-ranking people of the Qin State, especially the soldiers, were soldiers who had been promoted from low-ranking officers. Very immediately the presence of this will to fight.
"Recently. The prime minister is again striking at us, and they want us to cut our military spending and give up most of it. I really don't understand. What the hell does the prime minister want to do? Could it be that he was satisfied with letting Qin Guo lay down his arms? Wang Jian was very dissatisfied with Shang Wen's practice of using military spending when encountering economic problems.
But Shang Wen didn't have any way to find a way to avoid this problem, and the Qin State needed funds everywhere. A large amount of capital began to be exported from Qin, Zhao needed it, Korea needed it, Yan needed it, and military spending was the largest, and a large number of soldiers needed military salaries. In Qin, the liquidity of the currency is decreasing. Qin's financial newspapers have begun to take note of the problem.
"Qin Guo currently has a strong enthusiasm for investment, but we don't know how much money the bank has? Will they be able to cope with our needs? We are concerned. A small newspaper of Qin Guo's "Stock Connect" wrote. Although this report did not attract many people's attention, a report in front of Shang Wen has reminded Shang Wen. Qin's economy was in danger. Moreover, the financial sector, especially the banking sector, will be the first to be hit.
"The currency of our Qin State, half a tael banknote, is no longer a simple Qin State banknote. He is also circulating in some places. For example, Handan of Zhao State, Julu. in the cloud. Sinjeong in South Korea. The Yan capital of the Yan Kingdom, as well as Liaodong and Liaoxi. Some parts of the state of Chu, although the state of Qi was reluctant to deal with the state of Qin. But they're trading with our banknotes, which are very cheap and have credit, and they're all powerful tools for our investment. So reads in the report.
With the export of Qin's capital, Qin's capital was no longer gold. Rather, it was a large number of Qin banknotes. However, the issuance of banknotes in the Qin State was very limited. The right to issue banknotes was concentrated in the hands of the Qin government. In particular, Shangwen was very aware of the amount of banknotes issued each year and how many banknotes were printed, and the banknotes of the Qin State had not printed new banknotes recently, and in order to prevent inflation, Shangwen had been suppressing the circulation of the banknotes of the Qin State. Because inflation is a big problem. And it's hard to deal with. It's tricky.
In other words, the amount of money in the Qin state did not increase much for a considerable period of time. However, the number of places where paper money was used in the Qin State increased a lot. The half-tael banknotes of the Qin State are no longer used by the Qin State alone, and are used by many countries and regions. Qin's capital exports to the outside world aggravated the instantaneous decline in Qin's domestic currency.
In fact, many parts of the Qin State required a large amount of money. Newly expanded states require a lot of money. With the help of the banks, Qin's currency quickly flowed to these places where it was most needed.
But in reality, these currencies are still not enough. Because, judging by the use of money. Currency needs to increase every month, but the Qin State has been in a static state, and such a monetary growth can easily make the Qin State fall into a disaster of currency shortage.
However, the bank solves these problems on its own. The state of Qin issued a large number of government war bonds and government infrastructure bonds. These bonds were the same as they were before the Qin State issued paper money. It has regained the function of money. As a result, in some marginal areas of the Qin state, these bonds were circulated along with the government's banknotes. This led to a great deal of confusion in the circulation of the currency of the Qin State.
These chaos were not enough to lead to a catastrophe in the Qin state.
The most terrifying thing is that the banks of the Qin State, the banking industry that controls the financial lifeblood of the Qin State, are short of funds. Banks in the Guanzhong region had already diverted large sums of money to Zhao and South Korea, which became two of the hottest investment locations in Qin. Qin's already tight currency reserves were withdrawn by more than half at once. Qin's domestic bank reserves are already less than 20 percent, which is a very dangerous signal. If someone puts the news out at this time, those who are worried about the money in their bank. You must know that the people who save money in the Qin State are the working class, they are the backbone of the Qin State, and a large part of their livelihood comes from their salaries, as well as bank interest, and investment is far from such a big rise for them.
In addition to these. In the Qin State, the amount of money cannot be increased blindly and arbitrarily. Because, if the Qin State increases the money supply at will, then a disaster will happen soon. The banks where the working class of Qin kept their money would be greatly devalued, and their original practice of keeping money became a place where they became depreciated. Then the credit of the government will be greatly swept, and at the same time, the amount of money will be satisfied. However, the working class of Qin will be greatly affected, which will lead to great internal contradictions in Qin.
However, if the money supply is not increased, then the banking sector of the Qin State will have no funds to call on. Then in the end, it will lead to one of the biggest problems. Banks don't have the money to pay back to those depositors, and then a run will happen. Banks are going to collapse on a large scale, and when they are threatened with failure, they will order a rush for loans, and the factory owners will have no funds to repay. All of a sudden, all the problems will be magnified without limit. Obviously, this trouble is far greater than the former.
The former is also a social problem. And the latter is not only a social problem, but also an entire economic problem. Everything in the Qin State is very closely related to the bank, which leads to the fact that the Qin State is likely to be because of the bank's problems. Plunging itself into a great catastrophe.
Therefore, in the face of these problems, Shang Wen thought of a solution, that is, from military spending. He did not take the approach of increasing the money supply by pumping large quantities of money into the market, which he believed was undoubtedly secretly depriving the working class of their wealth. He was clearly reluctant to use such an approach.
Therefore, he took a very peculiar financial approach to solve this problem. Obviously, this approach is peculiar.
This method has caused many people to suffer, at least, the most affected is the military. The army was very unhappy about this. But Shang Wen was reluctant to inflict greater losses on the working class, which would provoke a huge wave of strikes. That social problem is more difficult to deal with.
Although Shang Wen took such a peculiar approach, the essential problem is still not solved, the most difficult thing is that the decreasing money supply of the Qin State, which requires the Qin State to open the paper money printing machine to print on a large scale to solve the problem, but the premise of printing is that the gold reserves of the Qin State must reach a certain level, although the gold of the Qin State can be traded, and there does not seem to be much direct relationship between the two, but in fact, the two have been decoupled. Shang Wen intended to do this, because he knew that the amount of gold was far from meeting the rapidly growing currency needs of the Qin State. So he decoupled paper money from gold in the first place. Gold and paper money are mixed together, but it suppresses the excessive flood of paper money. According to the character of King Qin, paper money will be inflated all of a sudden, and in the end, paper money will be worthless, and eventually withdraw from the stage of history, which is not what Shang Wen wants to see. Banknotes need to make the most of it. And not to withdraw from the stage of history.
But he didn't have any good ideas to increase Qin's money supply, which was the most fundamental and deadly place. Shang Wen was obviously wrong in his thinking. Then, the measures taken later are also wrong. Although these mistakes were not fatal, they were enough to bring great trouble to the Qin State. At the very least, it's a big economic trouble.
But Shang Wen didn't know anything about it, after all, she was not an economic expert, he was just a weapons expert.