I Have a Mansion in the Post-apocalyptic World Chapter 975: Turn on the money printing machine (four more tickets!)
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The construction of the submarine transmission cable from Anga Island to Malaysia has been completed halfway through. The Australian submarine cable has already begun construction. The submarine transmission cable from New Malaysia to India has also entered the project preparation stage.
As Jiang Chen planned, the global power grid plan progressed smoothly and orderly.
Just because of an accident in Europe, Jiang Chen had to end his trip early to return to China. The name of South Korea was missing from the first batch of countries on the global power grid that joined the Star Ring Trade.
But it does n’t matter. Jiang Chen ca n’t run the whole world for these submarine cables.
When other countries see the benefits of importing electricity from the new country, they will naturally come to the door to negotiate.
At that time, it is not a buyer ’s market, but a complete seller ’s market.
Promote the electrification of society, significantly reduce the cost of industrial electricity, improve the energy structure, and reduce the environmental burden of thermal power generation ... These are all tangible benefits. Jiang Chen also believes that most countries will not Turn a blind eye.
After returning to China, Jiang Chenqian ’s first thing was to hold a meeting of the New Federal Reserve Shareholders and propose a resolution with profound implications for the new country.
Without any precious metals as a guarantee, the New Federal Reserve announced that it will issue a total of S $ 1.4 trillion in three batches in February, based on the annual GDP data of the new country released by the New Zealand Statistics Bureau in batches in the next year Time to market. And in the next five years, the new Fed will relax restrictions on currency issuance to meet market needs.
Is the market really needed?
When Jiang Chen proposed this resolution at the shareholders' meeting, there was an uproar at the meeting.
This is no longer printing money, this is simply opening the flood!
These are bankers and capitalists in the new country. Most of them are directly or indirectly supported by the future group. Of course, many of them have immigrated from other countries of the Commonwealth. After all, in history, this small island was once a British colony.
After hearing Jiang Chen ’s resolution, someone immediately stood up and raised objections.
"It's too chaotic! The new country's economy has finally stabilized, and now printing money on such a large scale will undoubtedly cause a large-scale depreciation!"
"This is not a banknote, it is a bubble!"
"What's the use of printing so many banknotes? I don't see any benefits except inducing inflation!"
"I have no problem printing money, but the figure of 14,000 is whimsical! The total amount of currency we are issuing is only S $ 17,000, and the currency circulation is less than S $ 50 million-"
"Are you messing up?" Standing in the venue of the New Fed's shareholders' meeting, Jiang Chen looked around at the shareholders of the new Fed present, "Everyone, our currency circulation is close to one-third of the total currency , What does this mean? This means that we have this strength. "
"Bubble? I would like to ask you, how much of our GDP is a bubble? Among the many businesses of the Future Group, which one is the top 500 enterprises in the world through real estate or financial speculation? "
"I want to ask you, how much of the 90% of GDP I contributed is a bubble?"
With such a domineering speech, all the new Fed shareholders present were speechless.
As Jiang Chen said, 90% of the GDP of the new country is directly related to the two companies Future Group and Xinghuan Trading, while the remaining 10% is basically indirectly related to the current one. Men are concerned.
After all, people on Panu Nine Island still lived fishing and counting bananas four years ago. Today, more than four years later, they have not only built the longest underwater tunnel in the world, they even covered the elevator to the synchronous track, and established a colony on the far moon.
It can be said that everything in Xinguo is now because of the man in front of them.
"This is a new dollar, the currency of our new country." Jiang Chen drew a coin from his pocket and shook it in front of everyone, slapping it on the table, "Up to five years, It will become the currency of the entire world. "
"Let ’s start voting directly," leaving this sentence lightly, Jiang Chen glanced at all the new Fed shareholders present, "Let me see your courage and ambition."
The shareholders of the New Federal Reserve looked at each other and whispered their opinions.
Jiang Chen sat back on his seat and watched all this quietly.
About ten minutes later, the statistical results came out.
Looking at the numbers on the big screen, Jiang Chen's face showed a smile.
Except for 5 abstentions and 2 votes against, almost everyone voted in favor.
The miracle continuously created by Future Group has made the shareholders of the New Federal Reserve almost subconsciously make their own choices.
There is no need to doubt, is it?
......
The large-scale issuance of banknotes has indeed had a certain impact on the SGD exchange rate, but because the newly issued currency did not immediately open to the market, the impact is quite limited. After all, the printed banknotes are not meant to be used immediately, but mainly have to enter the market in the form of loans.
However, although this is the case, the banknotes have been printed and the news has been released.
It seems to everyone that passive devaluation of the SGD is imperative?
The International Monetary Fund lowered the SGD credit rating, and the central banks of the countries have also adjusted the exchange rate between the SGD and their national currencies one after another. .
After the depreciation of the SGD for a period of time, Jiang Chen began to gradually exchange all foreign exchange held by the Future Group and Xinghuan Trading into SGD through the channels of Future Bank. This includes the profitability of major subsidiaries in industries around the world, including contracts signed on the opening of outer space resources.
Even if the foreign exchange was not received, Jiang Chen sold it to the new Fed in the form of a "loan".
This move certainly cannot hide the eyes of other shareholders of the New Federal Reserve, but no one disputes this. After all, the decline of the SGD has been determined. At this time, it is undoubtedly a high-risk thing to exchange the foreign exchange in your hands for the SGD.
Moreover, at a time when the exchange rate of the Singapore dollar is falling rapidly, the New Federal Reserve also needs a large amount of foreign exchange reserves to stabilize the value of the national currency.
Buy when the exchange rate drops, which means that Jiang Chen can use a small amount of foreign exchange from the new Fed to a large number of pieces of paper called SGD.
At this moment, central banks around the world are watching the show, seeing how the new Fed is killing themselves, printing a bunch of useless pieces of paper, and destroying its domestic economy. And it is estimated when the enterprises in the new country will go bankrupt because they cannot afford the raw materials of the port, and then go to the bottom of these endangered enterprises.
Just when everyone thinks he is crazy.
Xinghuan Trading suddenly published a resolution on its official website.
[According to the regulations on the development of space resources issued by the new country, in order to facilitate market management and taxation, Xinghuan Trading held an internal meeting and decided that the contracts already signed will not be affected, including space elevator freight and cargo imports from today. For businesses such as export settlement, foreign currency settlement will be terminated, and SGD will be the only currency for space resource transactions ...]
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(Double the monthly ticket on the last day, and the brothers who have the ticket, do n’t forget to vote ~) (Unfinished to be continued.)