"What?" Rong Hong was stunned, his original intention was just to come to the Democratic Alliance Army with a try-and-see attitude to make an errand and use the knowledge he learned to serve the motherland, after all, the Chinese at that time were basically thinking about the motherland except for the banana people in Singapore, but he didn't expect Wang Feng to be very magnanimous, and he threw the burden of Qianjun to him at once.

As a Chinese American, the importance of a central bank governor is better understood than Chinese, which is both an important position and a huge responsibility.

"What? You don't want to? So what do you want to do, just say it. Wang Feng asked lightly.

"No, no, no!" Rong Hong came back to his senses, waved his hand again and again, and said: "I am grateful to be appreciated by Commander Wang, I am just worried that my ability is insufficient and I will mess up." ”

Wang Feng shook his head and said, "How do you know if you can't do it if you haven't tried it?" Your advantage lies in the fact that you have a thorough understanding of the Western banking system, know the pros and cons, and are not conservative in your thinking, and we need a leader like you in our banking system.

I will name the future central bank the Bank of China, you can list a plan, and after I have read it, I will transfer the funds to you, and order all relevant departments to fully cooperate, and you can recruit people according to your standards. ”

"Yes!" Rong Hong bowed deeply, his face full of gratitude.

"Come on! Let me tell you about the current situation" Wang Feng put his plan to integrate the Ningbo money industry and the arrangement for the issuance of currency, as well as the advantages and disadvantages of the gold standard and the silver standard, so that Rong Hong probably had a number.

After a long time, Rong Hongcai said solemnly: "Commander Wang's approach of integrating Ningbo Qianzhuang and recovering the right to mint coins is right. I am also in favor of following the example of the Bank of England in setting up a council, but that's all. Capital, including bank capital, has a profit-seeking nature!

An important reason for the closure of the Second Bank of the United States. It was its opponents who claimed that the bank only helped the merchants and tycoons of the economically developed eastern part of the United States, and did not serve the farmers who made up the majority of the American population, and this propaganda pushed the Second Bank into a situation of great isolation in public opinion, and in the seventh presidential election of the United States, candidate Jackson promised voters to solve the problem, and after he became president, he fulfilled his promise to transfer all the deposits of the Treasury Department to the state bank, and so on. The Second Bank lost its reason to continue depositing, and when the twenty-year period expired, Congress failed to approve it and the Second Bank was forced to close.

From this, we can see that bank funds will naturally flow to large customers, and small and medium-sized customers are likely to become the objects of bank abandonment, which will bring about the unfairness of those who want to use money but cannot use it, and the funds that do not want to use money will gather more and more, forming a new rentier class. In the United States, it is still possible to solve the problem by political means, but in China, the central bank cannot impose the direction of private banks' lending. Has Commander Wang considered this issue? ”

Wang Feng gestured, "Tell me what you think." ”

Rong Hong muttered: "I think that while encouraging private capital to set up commercial banks, the government should also come forward. Several state-owned specialized banks were established, starting with the Agricultural Bank of China. Loans to rural joint-stock companies to support agricultural modernization.

The second is the infrastructure construction bank. Due to the large amount of investment in infrastructure such as roads, railways, dams, bridges, etc., the construction period is long, and the return on investment is low, private capital may not be willing to invest, which requires the government to lead the construction of the project. ”

Wang Feng looked at Rong Hong with a burning gaze, this analysis hit the nail on the head, and did point out the key point, in fact, although the problem of state-owned banks is very big, but the focus is on supervision, not partiality, not appropriate to raise their own sons, in addition to limited funds and policy support, the government does not go to the bottom, so as to treat the private banks equally, establish a post responsibility system, from the beginning of effective control, do not draw blood, do not overdraw, may not be able to avoid the state-owned banks bad debt rate is extremely high, the use of funds is inefficient.

"Good!" Wang Feng praised and applauded: "According to your opinion, the Agricultural Bank of China, the China Construction Bank and the Industrial and Commercial Bank of China will be established, and these three banks will be established by your choice, and private capital can be appropriately introduced, but the state, that is, the future state-owned assets management commission, must account for more than 50% of the control, to ensure that the decision-making power is not left behind." ”

Although the burden on his shoulders was a little heavier, Rong Hong was not discouraged, and replied: "Please rest assured, Commander-in-Chief, I will definitely pick the right person." ”

As if encouraged, next, Rong Hong reminded: "Commander Wang, you plan to use gold as a reserve to issue currency, but have you considered it, even if you have tried your best to collect gold, but the world's gold production is limited, compared to China's huge population, no matter how much you collect, it will definitely be insufficient, if the currency circulation in the market is insufficient, it must be the result of low prices, which will hit the enthusiasm of producers, in fact, it is not a good thing for prices to be too high or too low, and it is enough to maintain stability."

Another key question is that China has a huge amount of silver, and if you issue paper money in the future, you will inevitably exchange paper money for huàn silver to the people, how much gold do you have to prepare, have you calculated this number? Although you can give the silver flowers to foreigners, the consequences of concentrated spending will only bring about an increase in the international silver price before your 20-year expectation, and at the same time, you collect a large amount of gold as a reserve, once it reaches the foreigners, it will inevitably lead the international gold price to skyrocket, boosting the collapse of silver prices! ”

This is really a word to wake up the dreamer!

Wang Feng suddenly realized that he was too idealistic, calculated by the amount of one billion taels of silver, it meant that he had to issue a currency with 60 million taels of gold reserves, and the gold he currently had in his hands was only a million taels, even if all the gold he extorted from the Indian high castes was in place, it would only be a few million taels, and the gap was extremely huge, could he get so much gold in the next two or three years?

Moreover, he uses gold as a reserve to avoid the loss of a future collapse in silver prices, but ironically, his actions may cause a collapse in silver prices in advance, which is undoubtedly a disaster for China, which has a huge amount of silver, which is equivalent to lifting a stone and shooting himself in the foot!

Wang Feng left his seat for the first time, stepped forward and patted Rong Hong's shoulder vigorously: "I almost made a big mistake, it's all thanks to your timely reminder, tell me, what should I do?" Is it better to continue to issue money on the silver standard? ”

"The commander-in-chief is too polite, you just have a lot of affairs and don't have time to think about it." Rong Hong hurriedly conceded and said: "I think you can use the gold and silver double standard, on the one hand, issue paper money with gold reserves, on the other hand, mint silver coins with silver, and use silver coins in daily transactions.

Although the gold and silver double standard system has the possibility of expelling good money with bad money, leading to the outflow of gold, but you should not forget that the gold you reserve is not directly circulated, but in the form of paper money, even if it is outflow, it is only the outflow of paper money, and the gold itself does not flow out, not to mention that you have set many restrictions on exchanging paper money for gold, and even do not hesitate to use force, I think whoever wants to arbitrage the gold of the central bank must take into account the consequences of dealing with you and think twice.

As for the risk of a collapse in silver prices in the future, please forgive me for saying that this risk is not borne by us in China, but by the whole world.

And since you foresee that the price of silver will plummet in the future, then you can explore for gold as much as possible in this long decade or two, and secretly collect gold, I believe that with the expansion of the territory of the Democratic Alliance, the central bank reserves more and more gold, when the collapse of silver prices really happens, China should have the ability to resist risks! ”

"Good!" Wang Feng shouted again: "Zhang Zifang strategizes, the decisive victory is thousands of miles away, President Rong, you are Zhang Zifang in the financial field, you are preparing to establish the Bank of China, I am completely assured, according to your construction, for the time being, the gold and silver double standard system, in terms of currency issuance, you and Deputy Commander Hong, Wang Youling negotiated to do, I have only one request, silver should be as pure as possible, paper money must ensure anti-counterfeiting!" ”

"Yes!" Rong Hong was excited, and even saluted the military salute of the Democratic Alliance.

Wang Feng smiled slightly, waved his hand, and asked, "You said before that when you went to the United States from Hong Kong, you were accompanied by Huang Sheng and Huang Kuan, where are the two brothers?" How is it as a person, can you relate to it? ”

Rong Hong pondered: "Huang Kuan arrived in New York first, and not long after, he was taken to the University of Edinburgh in the United Kingdom to study Western medicine, and after Huang Sheng graduated from Mengsong School, there has been no news so far, and I don't know what happened, do you want the two of them to return to China to work?" Then I can try to write a letter to Huang Kuan. ”

"Alas~~" Wang Feng sighed: "No matter how full the moon is in a foreign country, it is not as good as my hometown, the Chinese are discriminated against overseas, and many people were forced to leave because they couldn't survive, but now, the situation is changing."

Our army and government aim to overthrow the old order and establish a society in which everyone is equal in law, just and just, but you have also seen that the reality in China is not optimistic, the proportion of illiteracy is very large, and there are still many backward feudal customs in various places, especially in the countryside, although we are trying to catch up with the developed countries in Europe and the United States, there is an extreme shortage of talents, so we need more overseas travelers to participate in the tide of building the motherland. ”

"I see!" Rong Hong nodded vigorously: "I will ask Huang Kuan to pay attention to the Chinese in Britain and try my best to persuade them to return to China, but Commander-in-Chief, there are very few Chinese in Europe and the United States, and the vast majority of them are in Southeast Asia, and a considerable number of them have already started a family in the local area, I am afraid that there are not many people who are willing to put aside a qiē and return to China to serve."

In addition, although your science education has been carried out vigorously, I have also read the teaching materials, a lot of knowledge is quite avant-garde knowledge even in Europe and the United States, but the advantages of Europe and the United States are also obvious, his education can gradually inspire people to think, there is a good scientific atmosphere, can train real scientists, therefore, I propose that you send children to Europe and the United States to study, and I can help contact the United States. (To be continued......)

ps: Thank you Jin Yu and Defeat for the monthly pass~~~~R1292