Chapter Fifty-Four: The Depreciated Silver

After hearing this, everyone was in shock!

It is not only because of the sharp drop in the value of silver, which has led to a sharp decline in the wealth of China, a country dominated by the silver standard! More importantly, it is for Huo Shan's wonderful remarks, looking at the process and result of a matter based on the development of hundreds of years of history, this kind of long-term vision and accurate analysis is really amazing!

"Xiaoshan, I sometimes really doubt that you are really only seven years old, this classic financial analysis is something that even the most powerful financier in the world can not tell!" Huang Sheng stared at him with straight eyes, and the young man not far in front of him said slowly.

However, in the past year, everyone has already become somewhat accustomed to the non-human thoughts and behaviors of their young master! Therefore, the shock is shock, but they quickly came back to their senses!

Looking at the shimmering and inquiring eyes that everyone was looking at him, Huo Shan involuntarily touched his nose, which almost became his habit of hiding his embarrassment!

"I can't be so praised by the teacher, I usually just love to read, and I think about problems more deeply!" Huo Shan couldn't help but say with some smugness in his heart.

In the era of the information explosion in later generations, you can find any information you need from Baidu Niang! Huo Shan is a relatively 'homely' and likes to read all kinds of historical stories and comments and analysis, so he understands a lot of messy things! Coupled with China's 'quality education, all-round development' education policy in later generations, his horizons are indeed much broader than those of today's people!

Seeing the joy unconsciously revealed in Huo Shan's eyes, Huang Sheng couldn't help but shake his head dumbly, maybe only at this time did he feel that his disciple was like a seven-year-old child!

"Okay, since the value of silver has dropped dramatically, should we spend it?" asked Huang Kuan with a smile.

The Chinese have a not very good habit of saving all their money, especially those landlords and gentry, whose silver money is not put into business, but chooses to bury it in the ground! In addition, in order to exchange for Chinese goods, from the middle of the Ming Dynasty, Europeans, especially the Spaniards, have transported huge amounts of silver from their American colonies, and a large number of them have flowed into China! Over the past few hundred years, the Chinese folk reserves of silver have been conservatively estimated to be at least four or five billion taels, so much silver is not spent when its value is relatively high now, and when the gold standard is passed around the world, then we will lose to my grandmother's family!" Huo Shan said viciously.

In addition to years of war and looting by imperialist countries, a very important reason why the Republic of China and New China were so poor in later generations was that the value of silver fell.

In addition, since ancient times, there have not been many gold mines in China, and the output of gold is relatively scarce! Compared with the huge amount of silver in the private collection, the gold collection of the people is even less pitiful! In addition, the various warlords and later petty rìben have been constantly looting, and the wealth that has been precipitated in the private sector in China for hundreds of thousands of years has shrunk greatly, but in this way, the remaining wealth has also supported the several five-year plans that New China has begun.

Think about the World War II in later generations, the little devils collected too much wealth from China and Southeast Asia to count, just gold is measured in thousands of tons. Moreover, in the war, from the country being bombed into ruins by thousands of bombers from the United States, to the rapid recovery after World War II, and quickly becoming the world's second economic power, although partly because of the accumulation of a large number of talents over the years of development, but the money spent on building the country is also unimaginably astronomical, only relying on the narrow territory and the treasury that has been exhausted in the war simply cannot support such a huge national reconstruction funds and development funds! It is clear that the wealth looted by the Rì army in World War II became the economic basis for the rise of their country, not to mention the huge wealth looted from countries such as China.

"These thousands of tons of gold will all belong to the young master in the future!" Huo Shan thought greedily as he looked at the world map hanging on the wall showing the part of Southeast Asia.

"Young Master, you see that since we have made so much money, and the value of silver will depreciate, why don't we increase the budget a little?" Huo Yu was not too interested in his young master's tirade that was related to finance just now and predicted that silver would depreciate, but after hearing that he was going to spend the silver, his interest immediately rose!

Looking at him with a smiling face and an earnest look, Huo Shan said angrily: "Shouldn't we set up another army of more than 100,000 or 200,000 people, it is best to have one machine gun per person, mortars, infantry guns, and heavy artillery are equipped with several thousand, of course, the navy will have to come with dozens of warships, and the number of marines will also be several times greater! Isn't that so?"

Hearing these words, Huo Yu couldn't help but be overjoyed, the little chicken nodded violently as if pecking rice, and the young master's words simply reached his heart!

"I'm going to send you, no way!" Huo Shan mercilessly reprimanded this guy who had to make inches!

"There are already a lot of these armies right now, and what you should be thinking about is how to train them to be the sharpest army, instead of being a bunch of good-looking numbers!

"Yes, understood!"

After watching this guy flee back to his seat in embarrassment, a faint smile appeared on the corner of Huo Shan's mouth, although Huo Yu was out of character, his own military talent was impeccable, plus he was also more rigorous in his work, and more importantly, he was loyal to himself and the Huo family, so that Huo Shan, who wanted to firmly control the army in his hands, chose him to become the minister of national defense!

"Jiaguang, you are now the president of the Zhōngyāng Bank, and you will control the gold and silver, except for the silver used in the first five-year plan to purchase machinery and equipment, the remaining silver taels will be slowly exchanged for gold from the West and stored! If our gold reserves can reach 10,000 tons, then China's currency will replace the pound sterling as the current world currency, all of them are the nation's jīng, how much wealth the British Empire has grabbed from the world every year, I believe you can see that since we have come together for the dream of China's rise, then we have the responsibility to do anything that is beneficial to the country and the nation!" Huo Shan glanced at everyone and said slowly.

Looking at his solemn expression, everyone in the study nodded awe-inspiringly! Finance is one of the core foundations of a country's stability, and its importance goes without saying!

"Young Master, I will take care of this matter!" Huo Jiaguang stood up and assured solemnly.

Nodding his head and motioning for him to sit down, Huo Shan smiled and eased the serious atmosphere in the study!

"Now we already have our own zhèngfǔ office, but our territory is still divided into chaos, so in order to strengthen management, we should establish a set of village, town, county, government, province five levels of administrative agencies, top-down management system, because of the size of our base areas within the Qing Dynasty, only Fujian, Guangdong, Zhejiang, Guizhou, Guangxi, Yunnan and Sichuan are a total of seven provinces, and our army has been in these places for a long time, and basically they all occupy more than two prefectures, of which Guangdong, Guangxi, and Fujian are as many as four prefectures, and in order to further strengthen management, the establishment of provincial-level administrative organs has been very urgent! In addition, we occupy a lot of places in the Indochina Peninsula, but it is close to Britain and France, two western powers, and it is not too safe, so only Laos can set up provincial-level administrative divisions, because we have basically fought here, and in addition, the mountains and forests here are dense, and the transportation is inconvenient, and the foreigners have not noticed it for a while! The next is the most important Nanyang, and our first five-year plan is basically implemented around our territory in Nanyang! Therefore, the establishment of a reliable local government in these places is also a prerequisite for ensuring the rational implementation of our five-year plan! Therefore, today we have to complete this work and decide on the governors of each province and the geographical division of each province!"