Chapter 405: Depreciating the Asian dollar, the country advances and the people retreat

readx; The Chinese Empire introduced a series of policies that made the bankers of Wall Street in the United States feel incredible. Pen @ fun @ pavilion wWw. biqUgE怂 ļ½‰ļ½Žļ½†ļ½

It was only in less than three years that the Chinese Empire gave up harvesting and changed hands to restore the economy, which is equivalent to not eating the meat that comes to their mouths, and they absolutely do not believe that the Chinese Empire has completely harvested the valuable wealth of the entire society in less than three years.

However, this also reflects the difference in the purpose of the two surnames.

The aim of the bankers in the United States is to strengthen the monopoly so that they can completely control the country's economy.

Although the purpose surname of the Chinese Empire also has the meaning of strengthening the state monopoly to a certain extent, the purpose surname of the Chinese Empire is war.

Win the war!

If you want to win the war, you have to keep building and constantly strengthening your own strength.

As for the monopoly or something, now this degree is not bad, the Chinese Empire itself is an agricultural country with a poor industrial system, and in the industrial development project, the East China Group has always maintained a high monopoly, but the control of land and other real estate is not enough.

Monopoly is not in a hurry, and this economic depression will stop at the point.

Thinking that it is better to continue to receive real estate, it is better to end the economic depression as soon as possible and resume national construction, so that a lot of projects can be built a year earlier, and a lot of war potential can be increased.

The Chinese Empire cannot afford to let the economy slump for five years like the United States, and the Chinese Empire cannot wait for five years.

At this time, the Chinese Empire once again frantically printed money and embarked on a large number of projects, once again allowing the people to continue to invest in construction frantically.

This is a model of development that is not as prosperous as the bubble economy, nor is it as brutal as the bubble economy.

With the state-owned enterprises of the Chinese Empire monopolizing many industries, this money-printing frenzy of development is very beneficial, helping to balance national wealth and narrow the gap between rich and poor.

After all, more tickets have been issued and more printed. As long as the people continue to work, they will be able to live well, and with the five-year bubble economic construction, the people will have a good living foundation, a house, and a car.

And those who are more affluent, most of them are not so far-off.

First of all, the Chinese Empire has formed a monopoly cluster dominated by the East China Group, Zhongsheng Group, and Huasheng Group, supplemented by dozens of holding companies, which makes those groups who are currently richer in their hands not have too many projects to make a lot of money.

Therefore, the biggest losers from currency depreciation are those investors who have done nothing and have previously benefited from the stock market, as well as those who have a certain net worth but have lost their regular business income.

Their wealth will continue to shrink unless they find a way to preserve their value.

And those businessmen who belong to the monopoly cluster established by Xia Jun, they have high incomes, but their taxes have also become high. Because they are within this monopoly cluster, they basically enjoy a lot of preferential policies and the like, so it is generally impossible to lose money.

However, many of these businessmen are the parts that Huadong Bank has not had time to harvest, and although they have a controlling stake, there are still some shares in private hands.

In the next economic depression, these people will also be slaughtered, this time but in a hurry, not cleanly.

At this time, in the Chinese Empire, there were still many wealthy people who had traditional ideas, and when they made money, they built mansions, bought land, bought mountains, and stored grain and silver.

After the Empire levied seigniorage, these people's money would continue to shrink.

At the same time, the seigniorage levied by the empire was a global levy, because the Asian dollar of the Chinese Empire was the world's currency, and many countries were using the Asian dollar as the main foreign exchange reserve.

In fact, this model of raising and slaughtering at the same time cannot pay off the debts owed to the banks as quickly as the people imagined, because the level of wages has dropped a lot compared to the peak of the boom, and if it took one year during the boom, then it will have to be repaid for three years now, but the productivity has not fallen, and it is still much more difficult to create things.

In fact, the policy of the empire at this time was to keep the people in a 'half-starved' economy, not in the stomach, but in the pocket.

In times of war, wages can be raised dramatically, the currency can be devalued again, working hours will be extended, and a need-based rationing system will be introduced to limit personal consumption. After the war, the people had a lot of money in their hands and paid off their bank loans, and then there was a lot of spending, and the economy went up again.

This is what economic development is all about, when the workers are full, they will become lazy, and at the same time there is no consumption behavior, and the people who want to be diligent have no choice, after all, there are not so many jobs, and they will be slaughtered at this time.

When the workers are doing badly, it is necessary to increase the interests of the workers, and this is the time to raise them.

This is a world that progresses in a constant cycle, and the extreme yin must be yang, the extreme yang must be yin, and the extreme of things must be reversed, which is the basic law of all things.

Through a series of policies and financial means, we can continue to mobilize the people to carry out continuous production and construction, and when each citizen gives full play to his strength, then the country will develop rapidly. Everyone is building like crazy, this is just something that exists in theory, and it is naturally impossible to be like that in reality, but you can try to pursue that state.

At the same time, in 1933, the Yama Cabinet passed the Third World Alliance Industrial Revival Act together with other Third World Alliance member states.

The Third World Alliance Industrial Recovery Act restricts the scale of production, price levels, market share, and wage levels in various industries. This is a bill that is completely in favor of the monopoly capital of the Chinese Empire, which resisted the counterattack of private enterprises within the Chinese Empire, and in the third world member states, the counterattack of the national capital of other member states.

In terms of market share, the members of the monopoly groups of the Chinese Empire all occupy a large part of the market share, but these enterprises are not explicitly under the banner of the East China Group, but are controlled by the East China Group and are not merged into the East China Group.

This market share division is mainly aimed at the light industry market, and as for the heavy industry market, it itself belongs to a highly monopolistic field.

In the field of light industry, East China Group adopts a holding system, but does not intervene in the internal management of the enterprise, and is only responsible for property supervision.

During the recession, the Bank of East China took over a large number of bankrupt corporate assets, and took control of a large number of real estate and light industrial products and technology.

These things are distributed to those who hold light industries, and at the same time, the East China Group has increased its shares by relying on these things.

After all, the companies that can survive in this economic recession are very good enterprises, and after being integrated by East China Bank, their strength is even stronger.

Coupled with the market share support of the Third World Alliance Industrial Recovery Act, you can rest easy for some time to come.

Under this model of capital, the monopoly is not openly saying that you can't get into the industry, but that when the banks control almost every sector of the economy in the entire country, investors simply can't squeeze in.

To buy the factory, no one sells.

If you don't have a foundation, you can only build your own factory, and in the early days of the development of the industry, it was said that you could compete, but the industry has been developing for a long time, and it is almost impossible for an inexperienced investor to set up a factory from scratch. At the same time, even if the factory is built, it will have to face a lot of patent fees or something.

Even if all of this is not possible, it is a big deal to use the abundant capital to squeeze the enterprise to death, and at the same time not lend to the enterprise.

Another way is to create a bubble economy, and then make the bubble economy burst suddenly, and definitely kill a large number of private enterprises. In this way, many private enterprises were killed by the Bank of East China, and the number of bankrupt and closed factories has risen to 100,000.

The rich get richer and the poor get poorer, and this is also the case among businesses. A high degree of monopoly has been formed in the East China Group, and even in the field of light industry, the East China Group controls a large number of shares.

In terms of real estate in the whole country, the East China Group received a lot of land and buildings during the Great Depression, but it was only a drop in the bucket compared to the public ownership of land in later generations.

East China Group finally showed its fangs.

The so-called anti-monopoly is actually just a slogan, and monopoly is the king of capital.

Those who can get a piece of the pie with the East China Group are those national capital businessmen of the Huaxia Society, and any rule must be maintained by an interest group.

After continuous selection over the years, these national capital businessmen have formed a group of national capital businessmen with great national consciousness.

Although the number of high-level national capital businessmen in the Huaxia Society has reached more than 200, this is still a very small number compared to the entire country.

The monopoly of a very small number of people is different from the monopoly of a few people.

The monopoly of a very small number of people, although the money of this very small number of people is too much to spend, it is precisely because of this that it will not cause social contradictions.

Because even if these people are doing well, it won't have too wide of an impact. After all, there are only more than 200 people, and if it is a few million people, it will be different.

At the same time, a very small number of people control most of the resources, and the resources can be used centrally to avoid the waste of resources to the greatest extent.

It is precisely because they are national capital businessmen that once the war occurs, they must contribute money and efforts, and they are willing to contribute money and efforts, which is also the main reason why Xia Jun shares benefits with them.

Because the national capital businessmen of the Huaxia Society have always united around the East China Group, they represent the mainstream merchant class, and in the economic depression, they are all singing and harmonizing with the political axe.

Although this economic recession is a great change, the country is advancing and the people are retreating.

Through various policy reforms, the Yanma Cabinet rapidly increased the total amount of state-owned assets represented by the East China Group, and greatly determined the monopoly position of state-owned assets.

At the same time, these policies rapidly strengthened the war potential of the Chinese Empire.

It also made the depressed economy suddenly look brighter.

(To be continued)