Why can't anyone calculate that the difference between the cost of printing money and the face value is the profit of printing money? My head hurts with laughter. With the exception of money-printing and insurance in the financial industry, all industries require a great deal of physical and mental effort to obtain necessities and services. Of the inherent virtues of human beings, the contempt for unearned gains is the weakest and most powerless. The traverser who grasps the truth is also unable to understand that the equivalent exchange that Lee Kee speaks of exists in all human behavior.

Liu Xin once refuted Li Ji's creed of equivalent exchange by providing a steady stream of wealth after the money printing press was activated, but Li Ji immediately refuted Liu Xin's reasoning. Liu Xin's argument is that the difference between the cost of printing money and the cost of the denomination of the subject commodity is too large, which is evidence of unequal exchange. Li Kee said that the cost of printing money also includes many parts that are difficult for ordinary people to see, such as the trust of banknote holders in the body that prints and issues money, and the banknotes that flow out of the country should be exchanged for equivalent goods.

For example, 100 million US dollars can import 10,000 tons of beef, and theoretically, no matter how long it takes, the country that exports beef can exchange 100 million US dollars for 10,000 tons of beef or other equivalent commodities.

But printing too much money can lead to $100 million worth of beef or equivalent worth of goods and services worth 9,000 tonnes or less after a while. During this period, part of the reduced purchasing power was transferred to the subject matter of the banknote issuance.

The annual production capacity of the United States is 20 trillion US dollars, and only 5 trillion dollars are enough to act as a medium of exchange, but the main body of money issuance has printed an extra 500 billion yuan, and the value of financial assets such as 30 trillion dollar deposits and 20 trillion US Treasury bonds has shrunk by 10 percent, and the prices of all the resources, goods, and services in the hands of the world will rise by 10 percent. This is equivalent to a 10% reduction in the purchasing power of the American people's savings. Although the U.S. government diluted its debt and bought a lot of goods and services in exchange, the price paid was extremely high. The loss of invisible lines of credit is enormous. This has led to a series of problems, such as the single-dimensional and single-sided dependence on the means of stimulating the economy, the decline of productivity due to the addiction to printing money, the gap between the rich and the poor, the regression of the social climate, the prevalence of vampire parasite values, the bankruptcy and huge burden of offspring due to the explosion of debt, and the bankruptcy of universal credit. The cost is far greater than the $500 billion purchase. So the purpose of the example is to illustrate that there is no such thing as an unequal exchange.

At many meetings, Lee Ki repeatedly stressed the importance of the right to issue money for debts and financial supremacy, but he emphasized more moderation and self-control. Li Ji is very vigilant about the recent rise in the discount rate of bills in the financial market caused by too much commercial paper issuance.

Rickey is prepared to put in some inventory and reserves to recover excess bills and avoid inflation and rising prices.

"Are you crazy? Why did you want to set up a money printing system so early? Haven't we yet attained global financial hegemony? Why are you in such a hurry to tie your hands and feet to yourself? ”

"I'm not self-bound! It's that I'm afraid that I can't self-discipline myself in the middle and late stages! Desire is like a cancer cell, and it can't be controlled in the later stage! I had to build systems and firewalls to prepare in advance! If we go bankrupt like the Zimbabwean dollar, we're going to be in vain. ”

"Yes, Lao Liu. We are not a central bank, the credit bills issued are not central bills, and open market operations are not impossible, but our credit currency system is still too advanced, and there will be big problems if we do not go beyond the gold standard and directly launch the credit standard. For a while, the people will not be able to accept the trick of our empty gloves and white wolves, even if it is only a possibility and a plan. After all, everything must be based on goods and services, gold can't buy goods is garbage, banknotes can't buy goods are also garbage. Our plan to prioritize the development of industry and agriculture is still the first plan, and it will be a few years before you want to try out the numbers game and currency wars, at least until our coins are in Asia. ”

"We're not butterflies now, at least we're a flock of geese, all our assets were only 3 million when we first came, and 30 million a year later, and now it's been two years, and our assets have exceeded 350 million Chen Jiyuan. It has already surpassed the financial income of the Great Song Dynasty, and each of us can squeeze into the top 50 of the world's richest 11th century edition. Our assets are growing at a rate of more than 10 times per year, but there is no corresponding increase in the currency within our system. This is the fundamental reason why we play the edge ball and Dafa commercial paper. Li Ji explained.