Chapter 314: The Gold Standard (I)
After Wang Guorui received Tanya's advice, he immediately took the fastest speedboat and spent three days returning to Taiwan, and then immediately began to convene a meeting of officials from the Governor's Office and the Government Council. And then everyone began to care about one problem, that is, the economic problem now. At present, Taiwan still uses the original silver standard, and still uses copper coins and silver for transactions, which has become a factor restricting Taiwan's development. Because the use of copper coins now, it is already strict zhòng affects the economic circulation. Taiwan did not implement the gold standard before, and that was because the conditions were not ripe. At that time, Taiwan had just defeated Japan, and had just stabilized, and it would be very dangerous to rashly implement the gold standard banknotes.
There is such a thing as gold standard banknotes, which are completely relied on credibility for the people to use. Because if a government has no credibility, how can you possibly get the people to use your banknotes? Credibility is a combination of military strength, economic strength, and years of accumulation of credibility. Now two years ago, Taiwan was not able to do this, so it is certainly not possible to implement the gold standard. And now Taiwan has been standing proudly in southern China for two years, which can be regarded as stable, and the industry has also reached a certain level, and it has defeated the Netherlands. From this point of view, not only the economy but also the national defense and military strength can also be proven, so the implementation of the gold standard is not completely impossible.
"Let's discuss our opinion on the gold standard. First of all, let us talk about the Bank of Taiwan's Governor Lee Min-hsien, can we implement the gold standard in Taiwan? Wang Guorui asked.
This central bank of Taiwan is actually a bank that Wang Guorui personally "invested", and Taiwan's central bank is actually Wang Guorui's own private property, but it has given the central bank rights. At present, Taiwan's banking industry has not been able to develop, because Wang Guorui has not allowed foreign banks or even his own internal banks to develop for the sake of financial security. Because Wang Guorui knows one thing deeply, the current Chinese are still very immature for economics, and even Wang Guorui is not very proficient in economics, just some superficial things. In this situation where there is a great shortage of economic and financial talents. If the financial industry is hastily liberalized, it is very easy for foreign bankers or people with ulterior motives to come and deliberately use financial methods to disrupt Taiwan's economy. This brother is not impossible, but very possible! Because foreigners are not unaware of their financial theoretical advantages, they have a lot more talent than Taiwan. If the time comes, if the financial battle is used, then I am afraid that Taiwan will lose too badly.
Therefore, in order to avoid this situation, Wang Guorui simply took a one-size-fits-all approach, and not only foreign banks could not develop, but even domestic banks had to restrict their development. Fortunately, there is not much money in Taiwan. And Taiwan's money industry is not as developed as the mainland, so this order has not caused much backlash. And there is only one bank in Taiwan now, that is, the Bank of Taiwan, and this bank is the legendary role of both a referee and an athlete. And now this Taiwanese bank is Taiwan's out-and-out central bank.
After that, Wang Guorui did not have the idea of handing over this Taiwan bank. After all, this Taiwan bank is an important channel for controlling the country's finance, and in the future, it seems that he can hand over power on the surface, but as long as he can control this Taiwan bank in his hands, the currency issuance power is also controlled in his own hands, so he can still secretly control the country. Therefore, this Taiwanese bank can be said to be an important prop for Wang Guorui to control the country in the future. That is, to control the country's financial economy through the issuance of currency, and finally to be able to control the country in secret for himself and his descendants.
"Lord Wang, I'm afraid it will be difficult for us to implement the gold standard at present!" Lee Min Hyun said.
And everyone looked at this Li Minxian, obviously feeling that this Li Minxian was too bold, and he was so bold to say things that were contrary to Wang Guorui. You must know that Wang Guorui came to get the gold standard this time, but he was very concerned, but this Li Minxian actually poured cold water on him as soon as he opened his mouth, so how can the next work be carried out? Does this give Wang Guorui face? When the time comes, does he still have a future? I'm afraid this is what everyone is worried about, and everyone looks at Li Minxian and feels worried about him.
"Lord Wang. Although what I said is not very good, but in fact we are currently on the gold standard, which is not mature at all. We have a lot of silver, but not a lot of gold. According to your intentions, Lord Wang. We certainly can't use the silver standard, because silver will definitely become more and more in the future, and it will become an industrial product. Now we can only get the gold standard, but do we have the conditions? Although we have some gold reserves at present, they are still much smaller than those of the big foreign banks. Also, will we in Taiwan be able to resist the economic aggression of those great powers at present? Our current financial volume. And the total amount of those finances is not good. If Taiwan's economy is a small pool, then the great powers are like a vast ocean. The vast ocean can give birth to a dragon, but our small pool can't have much strength. And once we issue the gold standard, what is the credibility of our currency? This is also a huge problem. ”
"Let me make an analogy again, although we have a certain status in Taiwan, it is still relatively inferior to the great powers. Now ordinary people know that Taiwan is not as good as Britain, and when the time comes, Britain, a huge country, will attack us, and we will definitely not be able to do it. Although we use spot silver as the standard, we can effectively avoid a run in the beginning. If we implement the gold standard once we implement the gold standard, then our currency will become paper money, how can our pen and paper resist pressure at that time? How many people will recognize our banknotes? Internationally, how many people are able to recognize our banknotes. Also, even our own people on the island of Taiwan, if they were faced with our pen and paper, and the British pounds, what would they choose? ”
Ouyang Xuan immediately asked: "How does this have anything to do with the pound?" Does our Taiwanese banknotes have anything to do with the pound? ”
"It's a big deal! If we implement the gold standard, we will inevitably face the situation of letting the people exchange our gold at will. That is to say, if any common people or even foreigners take our paper money and exchange it with us for gold, then there is no reason why we should not exchange it, which is also the rule of the gold standard. And once we issue banknotes, then every qiē will become a piece of paper, will the people believe it? You must know that in our Chinese history, the Chinese have suffered the loss of paper money, not once or twice. From the Jiaozi of the Song Dynasty to the later Jiaozi of the Ming Dynasty, this all ended in failure. And how do people trust our banknotes? Can we make paper money win the trust of the people? Even if we take a step back and the people accept our banknotes, if they had to choose between our banknotes and the pound, how would they choose? ”
"The pound is the hardest currency in the world, and there is no one. And how can our 'tiny' Taiwan be compared with the UK. At that time, we issued paper money, and then those paper money circulated to the people. What if the gringos come up with a conspiracy to exchange the pound sterling with us for our Taiwanese banknotes, and what if the British use their pounds to exchange huàn banknotes with our people at that time? At that time, I am afraid that our people will also choose to exchange our paper money for huàn into pounds, after all, the strength of the British is not blown. After all, we in Taiwan have not established a country, and in the eyes of countless people, we in Taiwan are also a group of rebels, especially those immigrants, who have very complicated feelings about us, and some people still think that we are rebellious. And when the time comes, in order to ensure that their gold and silver wealth that has been converted into paper money will not be lost, they will inevitably choose to get rid of our paper money and exchange it for the hard currency of the pound sterling. And as our banknotes are exchanged for pounds, then the currencies circulating in Taiwan will also be expelled from the pounds. After all, if we use monetary currency, the currency of the pound is harder than ours, so the pound can easily squeeze our banknotes out of the market. ”
"In the end, we circulated the pound sterling, but it was strictly influenced by the British in terms of finance, and when the British did something on the pound, then we lost a lot. Of course, this seems to hurt both the enemy and ourselves, but we also have to look at the tonnage between the two. The tonnage of the British was too large, and if other factors were excluded, it was just that the economy was completely a battleship at sea, and we were just a small wrecked ship. A battleship can withstand a typhoon, and this small ship of ours is easily blown over by some wind and waves. At that time, we were also hit by the wind and waves, and we capsized, and the British were able to suffer too much damage, so we must be unlucky. Even at that time, if the British had squeezed our gold with our currency that had come from the pound sterling for huàn, it would not be long before our gold would have been hollowed out by them. Such a dump became a feast for the British, and then our gold was emptied, and in the end we were left with some useless waste paper! So, are you still so optimistic that the gold standard is so easy to play? ”
There was silence for a while, because the process was very dangerous. And the fundamental reason for this qiē is that Taiwan's strength is not as good as that of the British, and in terms of economy, Taiwan is a small broken ship compared to the British. Britain is the hardest currency for the pound, and I am afraid that many people will give up Taiwan's currency to exchange for the pound. (To be continued.) )