readx; The rate cut made some savers feel that it was not worth keeping their money in the bank, and thus led to a boom in the stock market, which meant more money for businesses to expand their operations. Pen, fun, and www.biquge.info

Most of this money will eventually be invested in industry, so this rate cut is indeed positive.

However, the interest rate of the bank is still relatively high, so there are still many people who are willing to put their money in the bank.

Each has its own benefits, money is placed in the bank, and the bank can lend money to promising enterprises, especially some operations of the East China Group.

In fact, interest rate cuts, the so-called stimulus of the economy is just an excuse.

This is the international capital that is reducing the bank's operating costs.

In the case of high interest rates, the loan also deducts the depositor's interest, and if the interest rate is already low to near zero, then the bank does not need to lend to someone else.

Of course, it is impossible to reduce the bank interest rate to zero in one go, but to reduce the interest rate one by one, so as to approximate zero, but it is not equal to zero and greater than zero, and the low interest rate is equivalent to an empty glove white wolf, that is, no interest is given to depositors, and depositors' money is used to make money.

It is a process of change in the relationship between a buyer's market and a seller's market.

When the economy was still developed, in order to attract money to deposit in the bank, the bank had to use interest to attract depositors, and when the society developed to the point that it was inseparable from the bank, then the bank was monopolized again, and it was no longer a time when anyone could open a bank, it became a seller's market, and the bank could play as much as it wanted.

The Fed is playing this trick, and the Asian Federal Reserve is happy to follow suit, and it must also cut interest rates, otherwise the export industry will be hit.

For the time being, the export-oriented economy is still relatively important for China.

China must maintain a large trade deficit for the Asian dollar to be able to play against gold, and the same is true for the US dollar.

As a result, the business competition between the two sides began to shift to the financial industry and the export industry.

China and the United States began to get involved in international credit and insurance business, as well as the original boss of the United Kingdom, and the competition between the three in the credit and insurance business was very fierce.

China has extended its hand to various regions, including European countries such as France, Germany, Italy, and Greece, as well as South American countries, and even the Commonwealth countries.

Among them, South America has become the most competitive region among China, the United States and the United Kingdom.

Giving loans to other countries is just providing a bunch of paper to go out, although there is a certain cost, but everyone wants to do such a business.

But to do this kind of business, you have to have a strong currency.

The currencies of China and the United States are currently very strong, while the British currency has depreciated at this time, but the former world boss still has a little bit of prestige.

China is not lending everywhere, but lending vigorously in safer areas and lending in small amounts in less secure areas.

The so-called security refers to the areas where it is possible that if a war breaks out in the future, it may not be possible to recover the loans.

South America is relatively safe for China, and it is generally unlikely that South American countries will declare war on China, although it is the backyard of the United States, but these small countries will not make random choices when the two sides of the war do not show obvious results.

However, they are better at falling into the ground.

Just like in the war between the Entente and the Allies, after Germany showed its decline, a large number of countries in the world joined the Entente.

As long as China shows enough strength, it can deter these small countries.

Therefore, it is safer to lend to those effects, not to say that they have suffered losses because of the war.

And for those loans to large countries, they may suffer losses.

But if the other party is knocked down, the loan still has to be repaid, but after all, it will be delayed for a while, and as for whether it is cost-effective, there are two surnames.

For example, if China is now lending money to the United States, this is assuming that once a war breaks out between China and the United States, China will knock the United States down, and the United States has no money to pay it back, then China can let the United States cut the meat! If you look at it from the perspective of cutting meat, it is indeed profitable, but in terms of the backlog of funds, it is not cost-effective.

It mainly depends on how much money you have.

Although the Asian dollar is a pile of paper, it cannot be printed indefinitely, so there is still a limit to the money.

Especially in the case where the Fed's current dollar is also fixed with the gold exchange rate, whoever loosens the exchange rate first loses.

Of course, both sides can loosen the exchange rate together, but this requires synergy, which is a possible outcome when both sides may not be able to play it.

The rate cut is not only to stimulate exports, but also to increase the seigniorage limit.

In this situation, where both sides fixed the exchange rate between currency and gold, and needed to suppress the export industry of the other side and increase their own export industry, the printing of seigniorage has been restricted to a certain extent, and it is impossible to collect too much seigniorage.

Lowering the interest rate to increase the amount of seigniorage is like a woman's cleavage, squeezing it will always happen, and if it is not enough, you can squeeze it again, and once again call it "stimulating the economy".

This requires the media and financial scholars to jump out and guide public opinion, which can be done with the ability of American capitalists to control public opinion.

And China can do the same.

It's just that China doesn't need to deliberately squeeze seigniorage, and before it achieves world hegemony, it is impossible to collect seigniorage from the world, and only when the United States is brought down, the Federal Reserve is defeated, and the Asian Federal Reserve is the only one in the world, can it print votes hard and exploit the world.

At this time, China only needs to follow the actions of the Federal Reserve, and the so-called constant response to all changes, whatever tricks the Fed makes, China will follow.

America, the nightmare of earthlings.

This is the best portrayal of the people of the earth in the United States in the future. The darkness of America is already deep in the bone marrow.

This country is controlled by capital, and capital can be unprincipled, and it can even push its own people into the abyss.

But when there are enemies in capital, he will package himself well, and then unite some forces, but when the enemy is destroyed, as long as he is hungry, anyone can swallow it.

…… The question of Siam between China, Britain and France quickly became clear with the concession of France at Cochin.

Seeing the bluff of the British and French, the Bangkok dynasty hardened with the support of China, which would provide Siam with a strong military backing.

This led the nationalists of the Bangkok dynasty to embark on the path of relying on China to try to expel the British and French.

However, the result was unsuccessful, and after diplomatic negotiations, China, Britain and France reached a compromise agreement.

Britain and France agreed to China's entry into Siam and recognized Siam's economic integration with the Kokang Kingdom, but Britain and France also maintained Siam's status.

It is tantamount to bringing China into Siam and quelling the conflict.

The Anglo-American intentions were dashed outright, the intention to drive Chinese capital out of Siam was not achieved, and the relationship between the Kokang Kingdom and Siam's economic integration was formalized.

And in the Kokang Kingdom, the nationalization of resources has already been announced.

The so-called economic integration, Siam's little capital, has nothing to do in the Kokang Kingdom, and the Kokang Kingdom does not sell any resources that it wants to buy.

After the Kokang Kingdom nationalized its resources, it was tantamount to depriving the Burmese of their land rights.

When these resources were sold to the Chinese, the price was very low, especially in terms of minerals, which were basically given to the East China Group for free.

Theoretically, wealth belongs to the royal family, but the Kokang king, also known as the county king, is equivalent to a provincial governor of China, and the nationalization of these resources is not for the Kokang king.

As the Kokang Kingdom, Yang Lianxing has no ambition in the first, and is more dedicated and protects the interests of the Han people, so he is equivalent to a genuine governor.

This is not the case with the king of Jiaozhi County, Ruan Fuchang has no ability in the first place, and the second is more greedy for enjoyment, after the establishment of the Chinese Empire's 'Jiaozhi Sinicization Department', he immediately set aside Ruan Fuchang's power and gave him a sum of money to make him obediently a puppet.

The Ministry of Sinicization of Jiaozhi has taken over the supreme power of Jiaozhi, so the first thing to grasp is public security, and 20,000 military police have been transferred from the country to Jiaozhi, and the number of military police in Jiaozhi has reached 50,000.

When public security is clarified, the subsequent policy will be stable, and whoever dares to have an opinion will directly arrest people.

The layout of public security has been completed, and religion has been grasped.

Buddhism was very popular in Jiaozhi, and Buddhism was a religion recognized by the Chinese Empire, but the Buddhism of Jiaozhi was more serious in accumulating money.

Therefore, in terms of Buddhism, the Ministry of Sinicization of Jiaozhi adopted a domestic policy to manage the monks in the temple in a unified manner, and the monks' food and clothing were provided by the political axe, and they could not collect money at will.

This religious policy was implemented in Jiaozhi, and the Buddhists of Jiaozhi resisted it a little, but after all, they were monks, and the Buddhism of Jiaozhi was passed down from China's native Buddhism, unlike the crooked and heretical ways of Buddhism in Tibetan Province.

Jiaozhi Buddhism is also under the management of the Buddhist Association of China.

At the same time, the Ministry of Sinicization of Jiaozhi began relief activities, transferring a large amount of food from the country and distributing it to the poor people of Jiaozhi, and at the same time allowing Nguyen Phuc Chang to reduce taxes on the bottom of society.

The measures of the Ministry of Sinicization of Jiaozhi soon achieved remarkable results, and the poor people of Jiaozhi thanked the country for their compassion and were grateful to the country.

The same means quickly eliminated the contradictions, and in the voice of gratitude to Dade, China's management of Jiaozhi also received the support of many Jiaozhi people.

The Cochin people quickly acquiesced to the existence of the Cochin Sinicization Department.

The Ministry of Sinicization of Jiaozhi soon introduced the Chinese education system into Jiaozhi, but the content of education changed, and this education was mainly used to further Sinicize Jiaozhi.

In addition to enabling the next generation of Jiaozhi to speak Chinese and write Chinese characters, the Department of Sinicization of Jiaozhi also offers a large number of Chinese popularization classes.

At the beginning of the run-in stage,The Sinicization Department of Jiaozhi did not prohibit the writing of Jiaozhi。

The Ministry of Sinicization of Cochin adopts the method of boiling frogs in warm water to sinicize Cochin, and at the same time, the Ministry of Sinicization of Cochin found that China must have enough film works to 'bombard' the people of Cochin, so that the effect will be better.

(To be continued)