Chapter 433: A New Era Comes (3)

If the staff were admiring Chen Yi's boldness, Chen Zhongguo was reacquainting himself with his grandson, like an eagle that had just woken up looking at the spoils of a fledgling. 【】

"Currency" is like a 10-meter-long python or a 300-pound rabbit, which surprises the eagle family.

Zhou Lao Toto glasses, with questions, said: "The issuance of bonds, is it a corporate bond?" ”

"It's a corporate bond, so to speak, but I want it to be liquid."

"Bearer securities? That's a big difference from currency. Zhou Lao laughed reassuringly.

"I want to get these bonds circulating in the market. Therefore, the face value should be small, such as 100 yuan or 50 yuan, and there will be a larger amount. At the same time, they are bearer and easy to carry. In short, it should have certain monetary properties to be suitable for exchange. Chen Yi repeated it and said it in more detail. Of course, it also surprised everyone more.

The four of them all listened carefully, not so much surprised by what Chen Yi said, but surprised by Chen Yi himself.

Zhou Lao is an expert in economics, but he did not know that Chen Yi would have resources beyond the earth, so he objected as much as he could: "The value and interest rate of bonds are floating, while the value of currency should be as constant as possible." Therefore, although a tiered security can be done like a currency, it is not a currency after all. ”

Speaking of this, Zhou Lao came to his senses, sat up straight and said: "During the American Civil War, it did issue overseas Chinese securities such as Lincoln Green Coin as currency. However, it is important to remember that it was a time of war, prices were skyrocketing, inflation was high, and as long as there was no war, we would not have been in such a situation......"

"It's almost certain that the government will issue money indiscriminately, rather than letting them collect seigniorage! Why can't we charge it? Chen Yi looked at his grandfather and said, "Lincoln Green Coin is a currency that Americans miss very much." If we provide an honest currency that does not depreciate, so that the government does not issue money indiscriminately, that is the greatest contribution to all, and we will also have the advantage of having a currency. ”

The benefits of mastering money!

Naturally, the benefits are greater.

But the greater the benefit, the more it seems desirable to keep a clear head.

Zhou Lao's survival experience made him not believe in such a huge plan, so he insisted: "The era of Lincoln green coins has passed, and you don't have enough precious metals to make a reserve currency, and I will never agree with you using national reserves to conduct this experiment." ”

He turned to Chen Lao and said, "If we do this, foreign governments and domestic businessmen will not hesitate to exchange them for precious metals and then ship them back to China." This is...... 7 "If I have a sufficient amount of gold and platinum as collateral, can I recast the gold standard era in Jiangning?" By the way, Old Zhou, you put foreign governments and domestic businessmen side by side.

Zhou Lao said: "Even if it is circulated in Jiangning, do you know how much gold and platinum you will use?" ”

"I prepared 100 tons and can add 20 tons every month." Chen Yi gently spit out this sentence.

Not only Zhou Lao, but the 4 old men who were laughing and chanting all crashed.

According to the current value of more than 200 yuan per gram, 1 ton of gold costs 200 million yuan, and 100 tons of gold is 20 billion yuan, and it is cash.

And by 20 tons a month, God knows where he got 20 tons.

4 billion yuan, not to mention, there must also be mines.

The first thing that comes to mind is Wuxin County in Jiangning City, where the production of gold is not small, and few people know how much it is. They are now under Chen Yi's control.

Chen Zhongguo looked at his young eagle with an extremely strange look, and wanted to ask several times, but he didn't ask this time. In the end, he chose not to know the details, and asked instead: "The purpose of you want He Zhenhan to move is to issue currency?" ”

"I want to issue gold bonds on behalf of Jiangning Bank. There are 0.4 grams of gold in every 100 yuan of bonds, which can be cashed at any time, and the first issue of 100 tons of bonds can be circulated in Jiangning City, recognized by the government, and can be taxed. I will deposit the gold in Jiangning Bank as collateral or reserves, which require the approval of the mayor of Jiangning and the secretary of the Jiangning Municipal Party Committee. The old men looked at each other.

This is the real issue of money, a currency with very low interest rates, but almost no inflation, which sounds almost good.

However, if the number of gold bonds is too small, it will turn into a gold bond without producing a value for money! But if it's too much...... Even if it is a reserve of 100 tons, it is not a large amount in the eyes of the high-level.

Unless, as if the New World had been discovered, there was another South Africa in the world, the small amount of gold and platinum that Chen Yi had put into the market with today's money issuance would soon be swallowed up cleanly, just as the wealth in the hands of the people was swallowed up by the interest rates and inflation used by the state or any other powerful institution.

On the other hand, if there is really a sufficient supply of gold, platinum and silver in the world, then the currency issued based on precious metals will eventually be able to collect seigniorage on the first day, the second period, the third period, or even many periods, Chen Yi can not charge seigniorage, that is, as much currency as there is a precious metal pledge, so as to ensure that there are bonds in the market and cultivate confidence - it is conceivable that at the beginning of bond issuance, people will frequently exchange gold instead of holding bonds, but with the passage of time, As long as the exchange can be sustained, people's confidence will build up.

Confidence is the greatest asset of a currency.

The only obstacle is - how can a non-state organization or institution issue money?

Chen Zhongguo looked at his three aides, and they all muttered that they didn't know what to say. Chen Yi's proposal is bold and almost deviant, but for these four people who have experienced wars and movements, and are familiar with the decision-making of the upper echelons of the country, there will be a strange temptation.

Because they all know that the state is a monster wolf, it will not stop eating sheep because the sheep on the pasture have lost weight, it will eat more and more fattening so that it will not stop until all the sheep in the pasture have eaten it, or a new strong monster wolf will take its place.

For a monster country! To give it the power to issue money, to give it the leverage to set interest rates, is to give it the leverage to exploit.

Only 30 years after humanity came out of the gold standard, the United States could not wait to pay its international debt by devaluing its own currency, and God knows when China would enter the era of government deficits - but one day, the government's endless tax revenue would not be enough to cover the increasingly large expenses, and at that time, the day when the devaluation of the currency was not far off, would be a delicious pastry that they would not tolerate

No national monster has self-control, and the only thing that can hold it down is the iron chain.

The honest currency that can be exchanged for gold is the iron chain, and the so-called national reputation is only frozen meat for consumption, and when the monster eats it, it will naturally go to eat the sheep.

The state and the people are two opposites, and even Chen Zhongguo, who is at the top of the country, must admit this. A return to precious metal currencies is the right path, but it is not realistic.

After hesitating for a moment, Chen Zhongguo said softly: "If you want to solve the economic problem, then you have chosen the wrong way." There is no such thing as a simple solution to the economy! ”

Economic problems cannot be solved by means of a single order!

Although aesthetically speaking, human beings themselves tend to solve problems with simple and clear means! But at the end of the day! The economic problem is a complex problem that cannot be solved in one way

Chen Yi thought to himself: I didn't use simple means.

The development of the Western Continent is such a vast undertaking. So much so that Chen Yi himself didn't dare to take the helm himself, if it weren't for him always improving his strength, he wouldn't have been able to control such a real and complicated situation.

You can get a lot of precious metals! It's not an easy trick!

"Regardless of the future, if I insist on replacing He Fuhan and at the same time implement a small bearer claim, will it be feasible?" Chen Yi asked Li Lao, but his tone was obviously firm.

If it weren't for Chen Yi, Li Lao wouldn't have bothered to answer such a question at all. But in the end, he only said lightly: "There is a great political risk." ”

"I only ask for the first step.

All decision-making power is in the hands of Chen Zhongguo.

He didn't think about it for too long, in fact, he was thinking more about Chen Yi than about the proposal itself.

Chen Zhongguo is rare, more precisely, he has not seen Chen Yi impassioned, this may be the only time, and it will probably not be in the future, if you can exchange a political and metallurgical risk for a great improvement in the next generation of the family at the helm.

He is willing to mouth

Thinking about this, Chen Zhongguo finally took a preventive shot and said: "Chen Yi, if I agree to your request, then, no matter what the circumstances!" If I ask you to stop! You have to stop. ”

"What's going on?"

"The strong demand of the central government? Any situation. ”

Jiang Ning did not have the capital to fight against the central government, and after Chen Yi agreed, he said: "You can only catch the request once, if I make a comeback, I will lose this condition." ”

"Let's go back to Dongshan!" Chen Zhongguo smiled and said "good" with his jaw head.

The Buddha was inclined to be a policy adviser and immediately said:

"It is not difficult to dispatch He Fuhan, but what is difficult is what price to pay.

Chen Yi, tell me about your suggestions. ”

"It takes the cooperation of a senior official of the bank, and it also needs to control the National Reserve." Chen Yi saw that they didn't speak, so Ji Bin said: "The He family borrowed a lot of money, some of which were from abroad. Some are from domestic banks. I need that senior official to get the He family's debt and cash situation for any reason. If they want to borrow money domestically, they should be more or less disclosed. ”

Zhou Lao was used to being a staff member, so he habitually forgot about the dispute just now, and agreed: "If the bank officials insist, we can get a lot of information, and we can organize it again, and we can get specific numbers, and then what?" ”

"Then try to lend money to the He family and let them buy copper futures at a high price. Finally, threaten him with the copper of the National Reserve. ”

Chen Yi is not very confident, and he waits for criticism after speaking.

Unexpectedly, the three staff members thought for a while, and Buddha Jing gave a "good" comment.

"Aren't you afraid that I will really sell the national reserve of copper?"

The three staff members smiled at each other. For them, even if they really sell the national reserve copper, it can be regarded as a political cost that can be borne by them.