Villager of Daming

Chapter 828 The positive and negative changes in the situation influence

"You look at me and say, with you, the more I learn, the more I find I don't know."

The director looked out the window, blinking his eyes, almost doubting life.

I started learning from Hanhan, and found that there were so many bright windows open, and I was eager to learn.

Then the level rose, and the windows turned into doors. I could chat with His Majesty and the ministers, come up with ideas, and be satisfied with myself.

It doesn't matter now, where is the door?Everything is wide open and everyone is at a loss. Keep living and be strong. You didn’t starve yourself to death when you were a child. Now...it’s better to die than to live...Zhu Yichang, you can do it, come on!This year I will go to the Crying Ceremony Hall during the Chinese New Year. No, I will cry during the Qingming Festival.

Zhu Wen, God knew there were so many psychological activities inside?He is more patient.

"Chief Li, let's talk about a relatively negative interest rate first. If you deposit your money in the bank, you will get a fixed interest rate of [-] yuan a year.

When you save, a pound of indica rice costs one penny. After you save, the price of indica rice increases, and the prices of everything else increase accordingly.

A year later, a pound of indica rice will cost two cents, and everything else will double.

If you did not deposit your money in the bank but bought indica rice, you sold the indica rice and one hundred guan became two hundred guan.

In other words, bank interest rates have not exceeded inflation. This is called relatively negative interest rates. As long as I am here, Ming Dynasty will not allow such a situation to occur. "

The head of the village nodded repeatedly: "I know, I know, food is getting more and more expensive, and we can't afford to eat. Generally... no need to be ordinary. If you don't tell us all the disasters, this is the case in Shandong, Hebei, Henan, Peking and other places. You continue." "

"The absolute negative interest rate of commercial banks is the same as that of the previous gold and silver shops. If you deposit a hundred dollars, you will have to give me a pound of money when the time comes, and you will have 99 dollars left.

Theoretically, this situation does not exist for commercial banks. Otherwise, if the bank has no deposits, it will not be able to lend money. Then what business would it be in?Employees' wages cannot be paid.

But there are special circumstances. For example, if you use the money that should have been deposited in the bank to do business, your profit will be [-]%.

Then our Ming Dynasty's treasure banknotes became valuable, and their purchasing power was twice as much as before. Even if you gave me 90.00% of the money, you still got 80.00% of the profit, which was [-]% higher than your business.

This is both internal and external!Some Yi people also want to deposit their money in our bank. They see that we are developing well, and they can buy more things with their money.

I don't agree. I'm not short of money, so why should I let you take the money to make money?Then I will charge you more money. For example, if you deposit one hundred guan, I will charge you [-] guan.

You either lose money or don't get involved. I refuse you and won't give you a chance to share the benefits.This is called absolutely negative interest rates. "

Zhu Wentian talked about both internal and external situations. Different periods have different interests and the measures taken are of course different.

"Then if I don't invest my money, I just keep cash at home. Wouldn't I make money when the interest rate is negative?" Li Chang expressed his inner doubts.

"Yes, this is the problem encountered before the Ming Dynasty, or before the change. No one spent money, and there was insufficient currency in circulation, so we could only issue treasure banknotes without collateral and enforce them through administrative means.

When there is insufficient physical currency as a carrier of currency, deflation begins and the country enters the economic stagflation mode, which is very harmful. Then artificial inflation can only be created.

Private overseas trade is prohibited, official overseas trade regulations are cancelled, internal routes are restricted, and the country is a stagnant water.

The issuance of that kind of treasure banknote is to continue to add water to a pool of stagnant water. It looks diluted, but it evaporates, and productivity cannot be improved. What is the use of adding water?

Pigs don’t gain weight. If you fill the pigs with water and then sell the pork, will the people who eat it gain weight?No shortage of oil and water?

You don’t spend your money, you keep it, and you earn it?People don’t want your money anymore, and they ask you to pay Baobao when you pay land taxes and Baobao when you pay taxes. What’s the use of your money? "Oh my god!"well?Hanhan, if it weren’t for us, wouldn’t it be..."

“You already have it, don’t think about what you don’t have, it’s good now.

Let me give you a brief introduction to the central bank's negative interest rates. First, you must understand whether active negative interest rates or passive negative interest rates are very different.

The purpose of the central bank's proactive negative interest rates is to allow lower-level commercial banks to spend money. Generally, as long as the central bank adopts negative interest rates, commercial banks will lower reserve requirements, lower reserve ratios, lower deposit interest rates, and lower loan interest rates.

Ask your bank or financial institution not to keep the money, but to release it quickly. This is proactive.

There is also the passive type. The Ming Dynasty treasure banknotes are valuable, which is most important when dealing with the outside world. Others are willing to use the Ming Dynasty treasure banknotes, just like the Japanese and Korean countries used the copper coins of our previous dynasty as currency.

When this appreciation reaches a certain level, passive negative interest rates begin. The faster the appreciation, the greater the appreciation.

Do you believe there will be more and more negative interest rates and faster inflation?Because when you raise interest rates, you artificially make money more profitable.

The purpose of raising interest rates is to curb currency circulation, but the interest raised will eventually be released.

Then when our Ming Dynasty banknotes become the currency of more countries, we will need to adjust by raising or lowering interest rates.

Deflation and inflation when the central bank raises interest rates depend on the degree of domestic economic development. If industry employment is unstable, inflation will rise if you raise interest rates.

What I said is not entirely correct, but the simplest truth is, you haven’t eaten meat for a year, and I suddenly make you a big pot of braised pork, the fragrant kind, what do you think? "

"I want to take some antidiarrheal medicine." The manager understood this time: "Monetary policy is coordinated with economic policy, both domestic and foreign. It depends on how you choose. Although ginseng is good, it can save lives, but it can also kill lives. "

He understood a general idea, that is, he understood what was going on. As for the specific operations...

"Shall we go get the hotpot stuff now? Hanhan, I have a little ringing in my ears. Is it because I'm angry?"

Li Chang closed his eyes and opened them immediately. He felt like the world was spinning when he closed them.

Zhu Wentian stood up and came behind Li Chang, rubbing his hands on the neck and head behind the ears. This gesture is very simple and can be done by himself.

Just hold your chin with both hands, then put your hands behind your ears, and push from the neck to the back of the ears to the top of the head. Many tinnitus will be cured.

Even if you don't feel your tinnitus, you will find it comfortable after pushing it a few times and feeling it again.

"Okay!" Zhu Wentian said the same thing. He let go and prepared to wash his hands. His skin was oily.

"It's not buzzing anymore, oh! There were actually four children at that time. We don't know why. We didn't even go to the place where the three children were. We just went directly to your place and took you back. God opened your eyes!"

The head of the village lamented that he had so many choices before, but he chose this one and brought it back to raise.

Then at the age of 15, when I should have my hair tied, I became what I am now.

If you have tinnitus, go to the imperial doctor and he will take your pulse. Just come over and rub it and it will be cured.

have to!Have a good Qingming Festival this year...

(End of this chapter)