After the ceremony, Paik Nam's life as president slowly began. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 When he was the vice chairman of the National Security Council, he didn't actually do much work, mainly attending meetings on national security strategy and policy, and he actually dealt with relatively few issues. And really sitting in the position of president, it is really a matter of detail, and all aspects are related to him. What he has to deal with is not purely military affairs, but more related to the internal affairs of his country.

The military situation is relatively easy to say, Datang has a relatively complete national defense military development plan, whether it is the expansion of the regular Tang Army and the formation of ad hoc corps such as the Latin Corps and the Vietnam Corps, all of which are carried out step by step. The same is true in terms of equipment development. Therefore, militarily is the most certain aspect in front of Bai Nan now, because Datang's national defense military is to be the strongest in the world and ensure that it can protect Datang's interests in the Pacific, Indian and Atlantic regions.

In terms of domestic affairs, Datang still faces many challenges, the first of which is the potential fiscal deficit of Datang. Since the founding of the Tang Republic in 1774, Datang's finances have maintained a slight surplus or even a huge surplus in most fiscal years, and it stands to reason that a huge surplus is also an unhealthy performance in finance, but at that time, because of the limited national strength of Datang, even if it wanted to spend this money, it was not able to spend it, there was not enough labor to carry out a large number of project construction, and there was not enough production capacity to facilitate the government's huge purchases, etc. However, after the Beijing Incident, Datang was able to steadily import one million people into the mainland every year, and Datang first carried out the large-scale development of the three states on the west coast. Subsequently, the large-scale development of the three southeastern states was carried out. Now it has begun to develop the three central and southern states. Cities have sprung up like mushrooms.

Obviously, it is impossible for immigrants to build new towns on their own, and all new immigrants will receive a series of housing benefits after they come to Datang. Every migrant is entitled to land income, and they are also given rent-free housing for a certain period of time, and after a certain period of time, they can buy out their house at a low price. The new town needed to provide jobs for the immigrants, and Datang had to build a series of factories and other service institutions, which required large investments. Unlike the other republic, foreign capital can be used during the period of reopening. After that, it was able to tap into a large amount of private capital, and all the government needed to pay was land and business policy convenience. In this plane, the only funds that Datang can use are obtained through consumption and foreign trade, as well as the profits of state-owned enterprises.

Compared with the speed at which Americans immigrate and develop their own land, the speed at which Datang develops a region is simply amazing, and often within three or two years, an entire city will rise from the ground, with tens or even hundreds of thousands of residents, comparable to a European city that has been built for hundreds of years. Of course, there is a big problem here. is that Datang has to spend money almost everywhere in China, and the official earning ability is very strong. The speed at which money is spent is also amazing.

Even though fiscal revenues are increasing at an average rate of at least 10 percent per year, it is clear that fiscal expenditures are growing at a faster rate, especially in central North America and Mexico, where the development of these regions will obviously put a heavier burden on Datang's back.

Naturally, we can't ignore that although large-scale development is a gold-swallowing monster, if an area is developed, it will soon be able to generate a large number of returns, but in a relatively short period of time, this return is not much. Of course, anyone can see that once the scale comes up, Datang's financial revenue will face a new blowout growth.

However, for now, Datang must be strictly vigilant against the huge fiscal deficit due to the massive population growth, the state's investment in infrastructure construction, medical care and education and other benefits, which will affect the normal development of the country.

At the Cabinet meeting, the new Cabinet members are speaking freely on this issue. Tian Jun, the new governor of the central bank, expressed his views on the potential fiscal deficit: "I think the fiscal problems faced by our country can be alleviated to a certain extent from monetary policy. First of all, with the development of China's economy, the original top-level design of the gold standard has become more and more inconsistent with the current situation of China's economy. In fact, the gold standard is a monetary system that we can maintain now, and our precious metal productivity has actually far exceeded the actual situation, and the one-to-one exchange between the Tang Yuan and the gold that we maintain has become more and more constrained by our own development. The British, through the progress of industry and mining, have gradually reduced the cost of gold mining, and their gold mines in India have begun to produce a large amount of gold, and the British have actually made a lot of money by exchanging gold for our Tang Yuan foreign exchange, which is then used to buy our various commodities, and we are actually making a lot of money in the gold-Tang Yuan transaction with the British. Because we actually have a lot of gold in our hands, we use an inflated price set by ourselves to exchange our Tang Yuan, even if it seems that we have exchanged paper for gold, but we are the one who loses. The financial circles are now calling for changing the gold standard to a credit currency system, and our government has also conducted a comprehensive and in-depth discussion to let us be pegged to a fixed proportion of gold, so that gold can become a freely traded commodity, and our strong national strength will endorse our Tang Yuan value. ”

Tian Jun paused again and said: "Moreover, the maneuverability of credit currency will be greatly improved compared with the gold standard currency, and we can use a more flexible monetary policy to adapt to our economic situation, which will also produce many benefits." First of all, because we are the first country in the world to use credit currency, and other countries, no matter what kind of doubts they have about credit currency, as long as they want to buy things from us, they must use Tang Yuan. In fact, their currency is a precious metal currency based on the gold and silver standard, and we have previously cut a piece of meat from Spain by suppressing the price of silver. Now, through the decoupling of the Tang Yuan from gold and silver currency, we can reap another wave of other countries' interests by the way. ”

Lin Youde, who has become the Minister of Finance, is still trading in his thinking, and he immediately frowned and said: "But in this way, the actual value of our export commodities will be greatly increased, which will seriously affect our export trade, and may even hit our exports hard, thereby reducing our profits and causing our financial strain." (To be continued.) )