Rebirth 79: I opened a bank in the United States

Chapter 235
"I'll tell you the truth, Jim. I'm really looking for out-of-town money."

Carter smiled wryly. Isn't it the problem of exhaustion of demand that he has been worrying about lately?
Small cities have their advantages, but naturally they also have their disadvantages.

The advantage is that the economy is small, relatively easy to be affected, and relatively easy to change.Just like now, after I fiddled with a hammer to the left and a stick to the west, the economic environment immediately improved.

The tens of millions of funds I invested, and the [-] million U.S. dollars brought by these well-off families I attracted, even if a lot of them will eventually flow to other places, but only the surplus, the part that stays in Douglas is enough to make this city A sea change has taken place.
Even if only [-] million funds are left in Douglas, it is equivalent to the total output value of the city for more than two years.With such a large amount of money and quick money coming suddenly, it is natural to make a big deal with it.

This is the same as consumption with loans. Originally, I earn [-] yuan a month, but if I want to buy something worth [-] yuan, I have to save for at least half a year to save money.When I bought it, when I thought of the hard work in the first half year, I was a little bit reluctant and hesitant
And instead of a loan, it's easy, just buy it and you're done!Only when the pressure of repaying the loan is great later, will I feel sad
Now Douglas is like a person who takes out loans.After being rich now, if the income does not increase, then the future will be embarrassing.Overdraft the future The more you overdraw, the worse the future will be!
For a city, the growth of income must be accompanied by the simultaneous growth of the city's market demand.Here, the helplessness of the small city is reflected.

Still using people as an analogy, the income growth rate of those high-income groups, in fact, is not difficult to find through careful observation, they are generally much faster than low-income groups!
An ordinary worker with a salary of [-] a month may work for five or ten years with the same amount, at least there is no change in purchasing power.And a person with a monthly salary of [-] yuan, no matter what supervisor or salesperson.
He may still be [-] this year, and next year he will become [-] or [-] when he is promoted to deputy director; Getting more proficient, more client referrals, and growing revenue
Douglas is just like that ordinary worker. The city is small and has no characteristics.It is extremely difficult to develop.So from the very beginning, Carter didn't have the idea of ​​being a hard-working old scalper and slowly working to pay off his debts
"HT company is specially targeting foreign markets, especially those in metropolitan cities. There are already ten stores opened. It is conservatively estimated that within three months, the number of stores will increase to fifty. Now one store can guarantee daily sales. Selling more than 6000 tacos, the net profit is more than 2800 US dollars."

"For fifty stores, 84 U.S. dollars will be distributed to ht company a month. After deducting the company's operating costs, if we don't consider reserving funds for expanding the supply chain for the time being, at least 70 U.S. dollars can be returned to us. Plus Combining the expected profit of 3000 million yuan from the sale of the house, I will think about whether there is any way to toss some business to grab money outside. Otherwise, the production of Douglas alone will not be able to absorb such a large population.”

"Hehe, that's what I said about you before. You are so good at playing! Stealing other people's money and breastfeeding your own baby! Hey, they are also lucky to have a guy like you. However, if you continue to play like this, once you The stall is getting bigger, you are going to have an accident!"

Looking at Carter, Jim really didn't know whether to cry or laugh.

If you say he doesn't understand, he doesn't seem to understand the nature of economic operation; but if you say he doesn't understand at all, everything he does seems to be correct. Well, Jim just feels that Carter is too radical However, the measures to stimulate local economic development are not a big problem.

This is also the reason why he just jokingly said that Carter opened the central bank in Central South Georgia. Isn't the control a bit too wide? !this child.
"The total amount of money is constant, and you have to remember that. Especially now that the Fed is still shrinking the money supply, the new amount of money is almost negligible. In this way, you grab money from other places, and they There will be less money!"

"The more this money flows into Douglas, the worse it will be for other places you have harmed! It's so much that it attracts attention or public outrage. Do you still want to get out of Douglas? I don't want to read the news one day and see You have a big brain!!"

"Isn't that enough? New York, Los Angeles and other metropolises, plus one piece, I only grab it every month, and only earn them 70 yuan. It's not a drop in the bucket, how can you exaggerate it like you said?"

Carter touched his nose embarrassingly. Of course he knew that his actions were a bit unkind.But where is the best of both worlds in this world?
While Douglas Pearson is grateful and highly respected by Carter, Carter has no doubt that the leaders of Ossilla, Fitzgerald, Lenox and other places who are being manipulated by him are the worst. They must wish to strip themselves alive.

Due to the closer geographical location, most of the new citizens come from these nearby cities.Once these well-off backbones run away, the demand in their cities will be greatly reduced.

Just as the various industries in Douglas will compete for expansion due to the influx of these people, their local demand will suddenly decrease.What about the excess production capacity?
Reduce it!What else can I do?
Once the production capacity is reduced, will the excess equipment have to be sold at a low price?Do redundant workers have to be fired?
So this part of the unemployed in advance, but the people with a decent family background will run later.Not only will the local unemployment rate not decrease, but it will increase further!
Those who can run away with buckets, what about the poor who can't run away?can only be worse
Along with this, the unemployment rate is rising, market demand is decreasing, and market vitality is decreasing. Some of these city governments have a headache.Under this chain reaction, merchants can earn less money, ordinary people earn less, life becomes more difficult, and the mayor's head becomes more bald
And all of this is thanks to myself.

Reflecting on it now, Carter suddenly felt extremely fortunate that he asked Benjamin to submit the bill restricting naturalization before the influx of newcomers.

If there is no such thing, give an explanation to the surrounding cities and say: Don't worry!Brothers, I promise I will cheat you this time, and I will never cheat you in the future.
I am afraid that at this time, a protest and demonstration team has come to the door!

It's really nothing to lose 70 US dollars a month, which is the sum of several metropolitan cities.Not to mention that it aroused the anger of the local people, they would never notice the flow of such a small amount of money from you.

Therefore, just by plucking the wool of the Metropolis, Carter would not show that embarrassing face, and as soon as this face appeared, Jim knew that Carter had already understood the logical relationship.

So Jim raised another question again:
"Let's not talk about this, the next question! This question is similar to the previous one, and it is the question of the new citizens. The funds they bring now are all overdrafted futures. These people will be overdrawn in the next few years, or even ten years, but There is no consumption power. What will happen to your market then? Continue to collect excess currency from other places to expand domestic demand, and it is easy to be targeted. Maybe the Federal Reserve will not like you, and you, a savings bank, actually sing against me ;If it does not expand, the market demand will have a very long period of depression after the current short-term boom~"

"When the time comes, what are you going to do?"

(End of this chapter)