"Why don't you sleep yet?" Yang Shuoming closed the iron door of the safe, stood up, looked at Fu Zhuoyao standing at the door, and asked.

"Didn't you sleep too?" Fu Zhuoyao smiled and said.

Although the room was as warm as spring, Fu Zhuoyao still seemed to feel a little cold, she tightened her clothes, walked in, Yang Shuoming moved a chair for her, let her sit down, and took her own clothes and draped them on her body.

"Now that you have a baby, you have to pay attention to your body." There was a hint of tenderness in Yang Shuoming's words, but when Fu Zhuoyao heard it at this time, he felt a little uncomfortable.

Do you speak in such a tone to every woman around you? She thought silently, watching him place a beautiful, burning brazier at her feet.

"The supply of munitions is there, and the cattle shopkeeper has helped them a lot, and these will be handed over to them in the future." Yang Shuoming said, "Although the arms manufacturing part is very profitable, after all, the risk is also very large, and the Fu family's business has not been contacted before, and now that the war is over, the arms business is no longer as profitable as before, so I think this part is better to forget it." ”

"Well, I'll talk to the cow shopkeeper and my father." Fu Zhuoyao nodded lightly and agreed.

"The Fu family's money bank and the bill number to reorganize the bank are the key points, and it is best to prepare as soon as possible." Yang Shuoming said, "If the bank is done, the profit will be much greater than that of the arms business." ”

Zhuo Yao agreed and lowered her head.

At this time, her inner sense of loss is getting stronger and stronger.

In all fairness, he is usually very good to her, even considerate, and she has his children now, but she always feels that there is an invisible estrangement between her and him.

"It's too cold, don't go back, sleep here tonight." Yang Shuoming got up as he spoke, came to her side, picked her up with a gentle movement, and put her on the bed, she felt his strong arms and shoulders, and a trace of warmth surged through her heart, but the feeling of estrangement in her heart did not disappear because of this.

She knew that he had just told her about the bank, and he was revealing information to herself in this way, hoping that the Fu family represented behind her could gain a firm foothold and benefit from China's upcoming currency reform.

It's just that what she wants from him now, it's not these.

After a while, he lay down beside him, and he had removed her coat from her at some point, and he took her in his arms, making her feel warmer. Maybe because she was pregnant, he didn't want her, but now she feels much better than just now. After a short time, she fell asleep sweetly in his warm and firm arms.

But she didn't know that he was still not sleepy at all, and although he closed his eyes, his mind was still active.

At this time, in a teacher's dormitory at the High School Affiliated to Peking University, a young woman was flipping through the manuscript of a book under the lamp.

"Money is just a public good, and its value is determined by demand. Gold is gold because the whole world needs gold as a currency. All things are idealistic. The dollar is equal to gold, is it really because confidence prevails over gold? ”

"Born of the law, the mind is revealed."

"Overseas Chinese, especially those living in North America, are accustomed to calling the unit of measurement of the U.S. dollar 'knife'. For example, if you spend $10, you will say that it took 10 dollars, because the English pronunciation of Dollar is similar to 'knife fall' in Chinese.

"The Chinese abbreviation of the name of the United States of America is 'United States', and the Chinese have given the best Chinese words to this country on the other side of the ocean, but the abbreviation of its currency, the US dollar, is 'knife', which sounds eerie and terrifying. Although it is unintentional, the name of the dollar 'knife' truly reflects the essence of the dollar. ”

"The current dollar is exactly the 'knife', a sharp blade hanging over the heads of all countries in the world, and the dollar knife is the monetary weapon of the United States, and where the knife falls, it will be a catastrophe of wealth, and no one will be spared."

"In fact, the dollar has been known to the world for less than 100 years. In the thousands of years of human monetary history, the most widely used and longest-standing currency has always been hard currency such as gold or silver. ”

"The creation of banks is said to have evolved from warehouses that provided custody services for hard currencies such as gold and silver, and people needed to store metal money in currency warehouses due to the lag in holding and consumption, and the owner's right to the stored goods was based on the warehouse deposit receipt, and the goods could be retrieved at any time." ,

"But then people found that the real transaction can actually not transfer the gold in the warehouse, only need to transfer the warehouse receipt, so that the currency warehouse receipt gradually has the function of currency substitute, less and less transactions are the transfer of physical gold, and more and more cases are to replace the transaction with paper products such as written certificates of gold, which is our bank deposit certificate today."

"With the growth of banks and the increase in trust in banks, customers are finding that in many cases they do not have to transfer their bank deposits, which is the first step in the transformation from 'gold' to 'paper'. Receipts, because of the right to claim the currency on the bank account, just write an instruction to the bank, and the bank will transfer a part of the currency on the account to someone. This kind of written instruction is called a 'check'. China's currency warehouse was called 'ticket number' at the earliest, and bank deposit receipts, which were used as monetary functions at that time, were called 'silver bills'. ”

"This raises the question that merchants should pay the bank a custodian fee when they deposit their gold in the bank for future use, and not only does the bank not charge the custodian fee but also pays the customer interest, and the longer the gold is deposited, the higher the interest, so how can the bank lose money inside and out?"

"It is said that at first, greedy merchants found that most customers did not withdraw all the money quickly, and did not care whether the gold withdrawn was the gold that was deposited, so the bank made new warehouse receipts for more and more gold in the warehouse, and lent it to others to seek huge profits, that is, the value of the written certificate (or bill) issued by the bank actually exceeded the value of the physical currency (such as gold) actually owned by the bank. But there is a sine qua non for a sufficient number of customers to deposit money for banks to produce more 'fake certificates of deposit' – in modern language, they are called 'credit money'. If there is only one customer who deposits 100 taels of gold, it is estimated that the bank will have no other way but to charge the customer a gold custody fee, because the customer will withdraw his gold at any time. So the bank encourages everyone to save money, and the longer you save it, the better, and the advantage is that the bank pays you interest. When the bank's physical gold or credit currency is not enough, they can also borrow from other banks to repay each other, which is called 'peer lending', and the borrower has to pay interest to the other party, which is called the 'call rate'. ”

"In a closed economy, if the total money supply is 1 million taels of gold, of which 600,000 taels are deposited in the bank, and the bank issues the same amount of gold certificates of deposit, the effective money supply is 400,000 taels of gold plus the claim of 600,000 taels of gold in the form of deposit certificates, and the total amount of money remains unchanged. However, if the bank issues 2 million taels of bills, including certificates of deposit, and people go to the bank with the 2 million bills at that time to ask for the gold back, can they get back the 2 million taels of gold? The answer is clearly no, and the imminent collapse of banks is the nightmare of banks – runs. ”

"In order to prevent a run, banks often use a partial reserve system. Liberal economists on the classical gold standard favored a 100% reserve system, that is, as many bills as there was gold, and the current gold was sufficient, and when it was insufficient, it could be reflected in the purchasing power of money. However, the reality is that no bank has a 100 per cent reserve system. ”

"If the bank's reserves are 10%, then it can lend out the remaining reserve surplus and obtain income from the borrower in the form of new storage, and the credit creates 10 times the new money, which is the 'multiplier theorem', and if the bank is required to make reserves with 5% of the savings, then the multiple is 1/5×100=20."

"The non-100 bank reserve system is a symbol of gold monetization, the second step of the transformation of gold into more paper, and the one step that has the greatest impact on human society. The creation of credit money is the beginning of the distortion of the definition of wealth, and the opening of the 'Pandora's box' of human greed and all uncivilized phenomena. ”

"In this way, gold is processed step by step by the banks into paper, and in order to convince people that this paper is equivalent to a certain amount of gold, the state confirms it in the form of law, and this kind of paper money is the legal tender issued by the state. The creation of fiat money is a sign of the monetization of gold. ”

"In the case of the United States dollar, which has entered circulation in large quantities and is familiar to our citizens, this green piece of paper bears the words 'The United States of America will pay its holders immediately dollars, or other items of that effect', together with the statement that it is a 'legal tender'. The status of legal tender means that the government accepts these papers in the settlement of its claims, and the court will treat the payment of these papers as the satisfaction of debts denominated in United States dollars. ”,

"The green paper of the dollar is accepted by the U.S. government as a means of paying taxes and as a means of income for all other countries, that is, the settlement of dollar debts. Why is it that in private transactions of goods and services, these pieces of paper, which represent fiat currency but are worthless, can also be accepted by private individuals? A simple and correct answer is that everyone accepts these papers because he firmly believes that others will accept them as well. These papers have value because everyone thinks they have value; And everyone thinks they have value because they have value before in people's experiences. ”

"This common and universally accepted medium of exchange is essentially a social convention, and this social convention owes its existence entirely to the widespread acceptance of what can be said to be a complete fiction."

"The so-called fiat currency is actually a public good provided by the state monopoly."

"For a country, the right to issue currency is the basic embodiment of national sovereignty. This is reflected in the fact that the earliest gold and silver coins and later legal tender in many countries were depicted with portraits of great figures of history. The government controls the national currency through the forced monopoly of coinage and the fiat currency mechanism, and establishes a modern banking system of the central bank and the commercial banks under its leadership, and then manages the financial system with fiat money as the core. ”

"Specifically, fiat money has three values: one is the value of domestic shopping power, that is, how much can be bought by a unit of fiat currency, and the change in this value is manifested in inflation or deflation, and finally in the interest rate. The second is the credit value, how much is the credit value of the bank loan, and the scale is interest. The third is the value of other countries' currencies, which is measured by the exchange rate. All three values are realized through monetary policy under the national monetary system. ”

"The government implements monetary policy through the central bank's control of commercial banks, realizes the allocation of social resources, and achieves the macroeconomic goals of economic growth, inflation control (price stability), full employment and balance of payments. In terms of the essence of money, a country's legal tender, that is, paper money, is actually just a unit of measurement and has no value in itself. If the paper is still valuable, it is only because the paper money has a printing cost (because it includes labor). ”

"The amount of gold represented by banknotes issued by different countries is not the same, because countries have different amounts of wealth. The United States may not have the most wealth in the world, but the dollar is now the most used paper money in the world. Because a large amount of dollars are circulating in our country. The dollar, a symbol, is widely accepted not only by the United States itself, but also by our citizens, who account for one-tenth of the world's population. ”

"A country's monetary credit is actually the embodiment of national credit, including geopolitics, economic strength, national will, diplomatic strategy, military status and financial system and other national strength, and even cultural and innovative things."

"Like the dollar, it represents the credit of the United States, and the dollar is also the national debt of the United States, a tool for paying off the debt of the United States. That is, when the U.S. government receives dollars, it means that the person (or economic entity) who pays the dollars has settled with the government. A country's debts must be paid off in its own currency. Under the gold standard monetary system, gold is the currency of any country. Since it is a debt, the issuance of money is constrained and restricted, and physical wealth is the basis of its issuance. The government issues money, and the more money it prints, the more debt it has. In other words, when the U.S. government issues U.S. dollars, individuals receive dollar-denominated wages or businesses make dollar-denominated profits, which eventually flow back to the central bank in savings or other monetary assets. Through such a cycle, the credit value of dollar bills is used up. ”

"But it's important to note that one thing that makes money different from other commodities is that more money isn't always better."

Seeing this, a faint smile appeared on the corner of the young woman's mouth, and she closed this manuscript and put it away, then took another manuscript and read it.

"The world has developed to the beginning of this century, and the capital world has been highly developed, but China is still a country with silver as the main currency, even if there was a glorious era of paper money such as treasure banknotes of the Ming Dynasty, it quickly withdrew from the stage of history. In the Republic of China, there were many kinds of banknotes issued before and after, but they have not become the unified currency of the whole country, nor have they been accepted by the market, and there is no central bank system in the modern sense. As the world's leading silver standard power, changes in the world silver price will have an impact on China's currency and economy. When the price of silver in the international market is low, silver will pour into China; When the price of silver rises in the international market, there will be a large outflow of silver. Silver is a general commodity in the international market and a currency in China, so once a large outflow of silver, it will lead to a series of chain reactions in the economy. The West's financial and monetary war against China is carried out through such fluctuations in the price of silver, and it will take a special background and price to pay for the Western powers to control China and give up the benefits of such continuous plunder. ”,

After reading this paragraph, the young woman seemed very satisfied, but she was still not sure whether the person she hoped to see this passage would have thought of this in advance.

"You've got China full of dollars, I don't know if you've thought about the pros and cons of that." She said to herself.

She put down the manuscript in her hand, stood up, paced to the bed, although the window was closed, but the cold air still penetrated through the glass window, seeping into her body, making her feel a little cold, she looked at the thick layer of window flowers on the window, a trace of naughtiness flashed in her eyes, she clenched her fist, and gently pressed it on the window with the bend of the little finger of her fist, and then she stretched out her slender finger and lightly tapped it four times above the imprint that was pressed, and a chubby little foot appeared on the window.

With a childlike heart, she soon pressed a long series of such small footprints on the window, as if a little person had just walked through the window.

"Your steps are indeed faster." She thought of the young general she had admired for a long time, and a faint flush rose on her face, "However, this is also something that cannot be helped." ”

"You are a very smart man, and you know that if you don't want China to fall into the hands of Japan, you have to choose other allies, and an alliance formed by financial means is strong enough. It is hard to imagine that in China in this era, there will be such visionary people. It seems that you are not just a 'high-tech warlord'. ”。

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