"Every year, the goods that enter the empire are far greater than the goods that are exported, but there is no deflation caused by a large outflow of capital in the country, do you know why?"

"Why?" Sun Chang was stared at by Liu Xin with a quick expression, and naturally asked very cooperatively.

"The interest and income generated by the loans and investments we export is far greater than the deficit generated by our exports of goods compared to our imports. That is, there are more black letters in the capital surname item than the deficit of the current surname project. ”

"How does this relate to the topic of the meeting we are deliberating on?" Zhao Shouzhong asked.

"You know that the theme of our meeting this time is the listing of Southern Mining, but the listing of this group can no longer be as simple and crude as the listing of Northern Mining in the past." Liu Xin said that it is necessary to seek innovation in means.

"What do you mean?" Zhou Lijian expressed interest, and his expression changed from facial paralysis to slight doubt.

"Didn't we list Northern Mining directly on the Xinjing Stock Exchange last time?" Although Liu Jiao is not responsible for specific operations, he has not forgotten the major events of the board of directors.

"Yes, as soon as it was listed, it has been the No. 1 market value for several years! The outstanding shares are only 20% and are as high as 2 billion yuan, accounting for one percent of the total market value of the stock exchange, and it is a super heavyweight stock. Liu Xin glanced meaningfully at Qian Jin, a mining tycoon.

"You mean a split?" Li Ji's brow moved.

"Or the boss understands me, in order to avoid the emergence of a new super-weighted stock, we have to avoid the mining industry taking too much weight in the financial market. Although we are not short of money, we lack the urge to immigrate to Nanyang. ”

"Do you want to build a financial center in Singapore like Xinjing, and open a stock exchange that can compete with Xinjing?"

"Lao Bai still likes the competitive environment of mutual checks and balances below! However, in this life, we still have to learn from the experience of our hometown, and everyone knows that the time is not yet ripe to establish a financial center in Singapore, so we should choose Guangzhou. Li Ji nodded, agreeing not to keep the two mining giants in a pool.

"In other words, the imported minerals will be purchased with a part of the dividends distributed by the mining company!"

"No, I mean to further expand imports, reduce exports, and the shortfall will be met by the new factories that we have invested in the importing countries. This will raise the level of domestic consumption and stabilize prices. ”

"Is it so soon that we have stepped into the era of imperialism with excess capital?"

"Not so fast! The era of construction sites everywhere across the country would continue for decades, but the credit crisis began to manifest. There is a crisis in our composite standard, and domestic gold and silver production has expanded rapidly, almost catching up with 99% of the world's production capacity. We have 400,000 tons of silver and 15,200 tons of gold. Before the industrial application of these precious metals, the impact on the monetary system was comparable to that of a nuclear bomb. We have been here for more than 20 years, from the purchase of Zhaoyuan Gold Mine in the 4th year of Yuan You, to more than 40 large-scale gold and silver mining areas today, we have been stockpiling gold and silver, entrusting us with a large number of consumer goods production capacity, the gold, silver and copper composite standard system based on the commodity standard is quite stable, but the more gold and silver produced can not be kept in the warehouse all the time, this kind of unprofitable thing has never been my style. ”

"So you rely heavily on these precious metals to issue credit money, and a 10 yuan gold coin can issue as many as 100 yuan in banknotes?"

"This reserve ratio is also agreed by everyone! The remaining 90% is created by our strong bank credit and group credit. ”

"A lot of what we're doing is too far ahead of our time, and the risks that naturally accumulate are far greater than those of our peers in the era of globalization. In the last fifteen years of collecting these currencies, we have expanded our capacity faster, but in recent years the situation has been very different. In the rubber speculation bubble, a lot of problems have been exposed, although the increase in agricultural production and construction in every region have consumed a lot of money demand, but our local credit capital (the capital derived from credit has no physical correspondence, it belongs to the liquid surname that should be written off in the banking system after use, see the documentary "Money is Debt" for details) has a surplus, and the production capacity is relatively insufficient, which is not enough to suppress inflation through deflation, and these surplus capital must find a way out, Otherwise, the three-digit and above-digit evil surname inflation is just around the corner. ”

"Yes, why do you dig so much gold and silver that can't be used and can't be increased, and what is appreciated come out!"

"This gold and silver must be moved, and I propose to fully open up the cross-border business of the banks, and release the huge amount of gold and silver in these coffers into the economic alliance that we have just established. The ten objects of trade are the new pool of our abundant capital and credit. ”

"Wait, weren't we only 200,000 tons of silver and 5,000 tons of gold at the last meeting? Why is there so much more at once? According to our exchange rate, these are equivalent to 80 billion silver coins and 30.4 billion gold coins, do you know how many times these money will increase prices? ”

"The system we have built is very exquisite, and a little bit of inflation will disappear in the deflation after the expansion of production capacity, but now there are a number of currencies in circulation in the whole economic union world, all of which are dragon dollars issued by us, and statistics show that there are basically 20 billion coins (most of them are copper coins and silver coins), and the number of gold, silver and copper coins in circulation, oh my God, It is almost more than ten times the purchasing power of the 300 million square hole round coins in the peak of money supply at the end of the Song Dynasty (in the legal or actual currency areas of East Asia and Southeast Asia in the 14th year of Yuan You). The book capital of the interbank system is as high as 50 billion dragon dollars, which is even more exaggerated. The bursting of the bubble evaporated only $2 billion in paper wealth, and these risks were not reduced much at all. ”

"How can there be only that?"

"These fictitious money are also our own money, how can we watch them evaporate? If you don't feel sorry for me, I feel sorry, naturally I didn't inject it into these bubbles, and it is more cost-effective to slowly convert this money into productivity, if it evaporates in vain, it is estimated that you will eat me again. ”

"Then inject into the southern mining industry, which is still an empty shelf?" Qian Jin asked

"According to the plan, at least 30% of the assets of Southern Mining in the future will be land mines, 20% will be real estate such as equipment and plants for mining and smelting minerals, 18% to 25% will be about 5% of the cash and high-liquidity movable assets of supporting facilities (such as ships, vehicles, ports and roads), and the rest will be equity claims of subordinate and upstream and downstream enterprises. But now, we have only laid down $20 trillion worth of land in the South Seas, and the real oil fields and mines are nothing more than uninhabited 'wasteland'. The cost of development is outrageously high at this time.

It can be said that there are hundreds of mining companies in Nanyang, and the greatest potential is undoubtedly the monster of Nanfang Mining, which accounts for at least 80% of the minerals, but in terms of existing operations and revenues, it can undoubtedly only accompany the last seat. Although Zhao Shouzhong's cousin and brother-in-law's cousin owned Sulu Mining only had three small gold mines, four medium copper mines and several small non-metallic mines, the annual income was more than 2 million. It is much more eye-catching than Southern Mining, which has a net profit of only 200,000 yuan per year.

At present, the southern mining industry has no industrial capacity, no talents, no profits, and the prospect of listing is very unfavorable. Reluctantly listed, it can only barely be rated as a three-B, underwriters at all levels are estimated to be difficult to sell, their own company's underwriting is simply a net loss, no matter which executive below will not do this kind of pit for their own business. In a few years, when the various allies start to build on a large scale and the price of minerals rises, we will develop a few large iron mines, and then go public, won't we be able to issue them at a premium a little more? ”

"Whoever is paying a premium to you, what are you asking for money. Are you still short of money? Our purpose is to say that the money in the virtual market is injected into the real economy without causing inflation, and the expansion of production capacity is the key. Isn't it time to spend on building projects and manufacturing high-tech bases? Why do you want to do this? Li Ji looked at Liu Xin, who was open to money, and began to have a headache again.

"Then three months later, let Southern Mining become the first stock on the Singapore Stock Exchange! With 40% of the equity issuance financing, all of our banks and institutions with excess funds can participate in bidding and inquiry. Just make sure that 4% to 5% of the shares go into the hands of retail investors. We are going to spend money on the magic construction of the steel industry cluster, and the site will be located in Nanzhou (Australia), where the large iron ore ore is concentrated, and strive to form a production capacity of 2 million tons in five years, so that all the assets of the southern mining industry in the supporting Nanzhou terminal and the Pizhou (Pilbara mining area) can generate enough income.

When the time comes, we can build hundreds of millions of real estate and real estate, and turn this huge amount of virtual money into orders to promote industries such as steel, cement, glass and quarrying, and completely solidify this money in these projects, and our risk can be greatly reduced. The danger of inflation will disappear from the profitable items that come with these investments.

This is to deal with these funds and the precious metals in the warehouse, and the book profit of our precious metals industry can be converted into actual funds to officially start a comprehensive global expansion, and the situation that our manufacturing industry has been subject to the supply of raw materials will be completely changed. Wang Neng could only stand up and give his opinion on the construction surname.

"Will more than 100 billion precious metal currencies be our ammunition to establish a global gold and silver standard?" Liu Jiao asked

"Of course, but we need more innovation, technology diffusion, institutional reform, and expansion of transport capacity to strengthen key tools for globalization, such as maritime logistics. That's how Southern Mining's listing plan will be, go to the Longmen Festival tomorrow to see if the monks you Zhao Shouzhong are looking for can dominate the rivers and lakes. Whether it can become the world's largest public welfare organization depends on tomorrow. Meeting! Li Ji signed the minutes of the meeting and left, facing a few strange people who always tried their best to make money, and he really wanted to reduce his life by ten years. (To be continued.) )