Opening game, American Tycoon

Chapter 1226 The national team makes a move (first update, please subscribe)
The empire and the economy of the empire will be crucified on a golden cross!

Emperor Zhu's words made everyone's hearts tense. While Qian Degong and Cheng Dingkang frowned, Fang Zhanbo said.

"What Your Majesty said is true, if the empire implements the "gold standard", then we are bound to be crucified on the golden cross, not only now, but also in the future!"

In fact, Fang Zhanbo has always been a staunch "Silver School" among the high-level officials of the empire.

"Many people who support the gold standard believe that the empire's annual trade surplus can allow the empire to obtain sufficient gold reserves. This is also the case. At present, the annual gold reserves of the empire are increasing at a rate of about 100 tons, but once the war breaks out, the empire Can we continue to maintain a trade surplus? Is there a stable import of precious metals? These are all questions, but silver is different. We have large-scale silver mines in our country, and the copper mines in Shanxi also provide a large amount of associated silver. The Mexican Empire is also the largest in the world. Silver-producing countries can also provide sufficient supply of silver, but what about gold? California belongs to the United States, Australia belongs to the United Kingdom, and the empire also has gold mines, but the output is always limited! So we can only continue to adhere to the "composite gold and silver standard" In order to fundamentally guarantee the currency security of the empire.”

This era is different from the 20th century. In the 20th century, currency could be linked to national credit and oil, but now... people believe in gold and silver. As for oil, let’s wait until the era when major powers have one car per family.

"What Fang Qing's family said is true!"

Emperor Zhu nodded and said.

"What is the truth of the gold standard? The truth of the gold standard is that it is essentially a financial hegemony established by British and American bankers, and this financial hegemony is achieved by what-gold. And now, the British are planning the "currency war" ", is trying to use the "silver depreciation" to induce us to abandon the "dual gold system" and change to the "gold standard". Once we are hooked, then they can use their monopoly position on gold supply to reap the wealth of the empire wantonly."

"The instability of money supply is the main cause of economic crisis, and the economic and financial panic caused by it will not only weaken the government's monetary system, but also lead to the shrinking of social wealth. Bankers can reap wealth at will, but who controls the money supply?"

After throwing out this point of view, Emperor Zhu warned.

"Not the Imperial Central Bank, but the Anglo-American Bank! Because they control the gold mines and the world's most important gold supply!"

The issue of currency is too complicated. The core is what is the basis of the currency mechanism?The value of currency in later generations depends on the confidence of the people in the government, but in this era, precious metals are the foundation.

"Under such circumstances, Daming must firmly grasp the money supply in its own hands. Only in this way can the financial security of the empire be ensured!"

"But Your Majesty, once India abolishes the "silver standard", then "gold is precious and silver is cheap" will happen irreversibly. With the continuous depreciation of silver, the blow to the empire's economy will be unimaginable!"

Lin Hongju, the Hu Shangshu, thought for a while and said.

"The harm between the two powers is the lesser. Although the "gold standard" is in crisis, isn't the British trying to use the depreciation of silver to severely damage the imperial economy? If we don't follow up, won't we just fall into their conspiracy?"

"But if we implement the gold standard, don't we also play into his hands?"

It has to be said that the bankers of Britain and the United States are definitely a group of geniuses.They easily created a dilemma - no matter what they choose, they cannot escape the fate of being harvested.

"A dilemma..."

Emperor Zhu sneered.

"That's what they think. Since they want to fight a "currency war" with the empire, then we will fight directly. They think that the "golden cross" is the most stable, but they are completely wrong!"

The corners of his lips raised slightly, Emperor Zhu sneered.

"What is the basis of currency? It's precious metals! It's gold, it's silver. They only see the rarity of gold, but they don't see that sufficient money supply is the foundation of a country's economic development. Only gold, how can it meet the needs of the country? What about the demand for currency in the market? Gold is the tool of the autocratic regime, and silver is the symbol of liberation and freedom. Silver is the people's currency against gold, the currency of the oppressed and exploited, which can make farmers and all areas of the country eliminate Debt ... because it is of sufficient quantity that increasing the quantity of money and inflation is not only necessary to develop the economy, but also as a way of increasing the prices of agricultural products and reducing the debt of farmers."

Pick up the beautiful "Suzaku Silver Coin" in your hand. The particularity of this era is that the currency is not anchored by precious metals, and it is worthless. The premise of issuing banknotes in the world is that there must be hard currency Either gold or silver.

Looking at the "flame pattern" on the silver dollar, this will be the rebirth of the silver coin and the rebirth of the RMB currency.During an economic crisis, credit contraction can lead to deflation.It's just that under the gold standard, the central bank can't adopt an expansionary monetary policy-that is, print more money, which further aggravates deflation.

But with the silver standard, there is at least one more possibility.Only with silver and a sufficient supply of silver can an expansionary monetary policy be adopted to stimulate the economy.

"As for the devaluation, the depreciation is because silver has lost its role as a currency. This is the conspiracy of the big bankers in the United Kingdom and the United States to cause the depreciation of silver. In order to counter the depreciation..."

Emperor Zhu said directly.

"We can pass bills to stabilize the currency value of silver. For example, 18.5 is used as the minting price of silver. Once the silver price falls below this point, the Ministry of Households will start the acquisition, and the purchased silver will be used for minting coins to be put on the market to meet the market demand for currency. needs."

In fact, in history, Roosevelt did the same thing-by doubling the price of silver abruptly through the "Silver Purchase Act".

Hearing this, Hu Xueyan immediately cried out in shock.

"Your Majesty, in this way, India and other countries will inevitably transport silver into the empire to sell in order to buy gold."

"They think beautifully!"

Emperor Zhu sneered.

"My idea is that the empire's "dual gold system" is changed to "silver standard". At the same time, out of the need to stabilize the financial market, stop the export of gold and prohibit the circulation of gold. The British want to ship silver to us for sale. , yes...but, they can only get banknotes!"

His Majesty's words brightened everyone's eyes, and Qian Degong, who had been silent until now, spoke even more excitedly.

"Your Majesty, in this way, even if British and American profiteers ship silver to our country for arbitrage, they can only exchange for Ming Yuan banknotes, and the banknotes they hold in their hands can only buy goods in the empire, which will only further stimulate the imperial economy. Development, it can be said that the empire not only stabilized the currency value, but also stimulated industrial production, and drove exports!"

What kind of currency war, such a move will directly resolve the British "currency war" invisibly.

"Your Majesty Shengming!"

For a moment, the conference room was full of compliments, facing their compliments, Emperor Zhu just smiled, without the slightest complacency in his expression.

I don’t know if he is holy or not, but Roosevelt relied on this trick to make the United States win the first battle of the Great Depression-ordering an embargo on gold, prohibiting banks from paying gold coins, gold bars, and warrants, and exporting gold must obtain approval from the Ministry of Finance. permission of the Minister.Then it lowered the gold content of the U.S. dollar by 50%, which caused the U.S. government to print hundreds of millions of dollars out of thin air.

So the market has money, and under the stimulus of monetary expansion, the US economy was pulled back from the brink of collapse.

Then he started to raise the price of silver again, seemingly to buy the silver-producing states in the west, but in fact he wanted to take advantage of the rise in the price of silver and achieve the purpose of issuing more currency by purchasing silver.

The price of silver doubled and easily stimulated commodity exports.Moreover, by raising the price of silver, it also led to a large outflow of Chinese silver coins. When the silver dollars were melted and shipped to the United States for arbitrage, the money supply was seriously insufficient, and finally directly triggered a nationwide economic depression.

Under the Great Depression, countless businesses and families went bankrupt.Some people were overwhelmed and chose to commit suicide, and even a family committed suicide collectively. Countless people starved to death by the Huangpu River...

Looking at His Majesty who seemed to be thinking about something silently, Qian Degong asked.

"Your Majesty, when should we implement the Act?"

"Um……"

After thinking about it, Emperor Zhu asked.

"Wait for it to drop below 19! But before they implement their plan, after all, once India abolishes the silver standard, it will only increase the difficulty and cost for us to defend the silver standard!"

Even if it is war, it also pays attention to cost.

"However, I think that we can do it properly to fuel the flames and speed up the depreciation process. Then, we can use the market to speculate on the expectation of silver depreciation to obtain the ammunition to defend the "silver standard". And I believe that those British and American bankers will definitely It will also be speculative, and if we hedge, we should be able to get relatively rich returns..."

Not only is it relatively rich, maybe the operation is good, even the ammunition for this currency war is provided by them, after all, those people will never miss the opportunity of speculation.

Currency wars may look like wars.But what is it actually?

It's just an opportunity for those bankers to speculate and make money, but they overlooked one point-the empire can be resisted with the power of the whole country.Of course, this is the limitation of the times. After all, in this era, no country has ever dispatched a "national team" in the financial market.They take it for granted that the market is nothing more than a market, but the problem is that their opponent is an empire!
What is Dimensionality Reduction Strike?

This is a dimensionality reduction blow!
(End of this chapter)