The Weapon Tycoon Who Traveled to Great Qin

Shang Wen thought for a long time but had no countermeasures. Reluctantly, King Qin had to let Shang Wen think of a countermeasure and immediately implement it. King Qin didn't want this matter to be pushed aside. The longer the delay, the more detrimental to Qin's overall economy. In particular, King Qin learned that Qin's half-two banknotes have been widely circulated in the six countries. Think this is a sign of unification. This kind of good omen must be maintained for a reason.

The countermeasure that Shang Wen thought of was only to increase the printing volume of banknotes. Increase the money supply by simply printing banknotes. But this method has great disadvantages. That is, the issuance of more and more banknotes may cause inflation. Qin's currency is based on the amount of gold reserves. Calculation of market demand. It is not the calculation of the amount of narrow money and broad money in later generations.

Anyway? Insufficient money supply is a problem. But how to provide such a large amount of funds. Is it directly injected. These banknotes represent wealth.

There are also banking issues. Now the problem has not spread to other areas. In particular, the real economy has maintained its original pace of progress. If it takes a long time. It is bound to drag down the entire real economy. if that happened. Oh my goodness. It is estimated that Qin Guo felt the feeling of the Great Depression earlier. Many people will not forget that taste. That is very undesirable.

But how to solve the problem? This is the key.

"Have a glass of juice!" Ying Yu poured a glass of juice for Shang Wen.

"Oh! Thank you." Shang Wen said politely.

"Is it necessary between the two of us? Besides. You are also for me. This is nothing." Yingyu said thankfully. Yingyu finally realized the seriousness of the problem. Otherwise, King Qin would not be so anxious to see Shangwen. And Shang Wen kept going back and forth thinking about how to solve the problem. Yingyu can only watch. In her opinion, Shangwen is omnipotent.

Take a sip of portable juice. This is a powdered juice powder made by drying and grinding powder, adding sucrose, and nutrient powder, which is vitamins. Just dissolve it with water and drink it. Very convenient. This kind of granules is only popular in Qin. Because the domestic demand of Qin is not enough to sell to other countries.

Qin's women. Especially professional women like it. research shows. Nutrients are of great help to women's skin. Especially those women sitting in the office. Lack of certain physical exercise. Drinking a glass of juice couldn't be better for them. Yingyu is one of the consumers.

"The Great Depression. The Great Depression." Shang Wen muttered unconsciously. Ying Yu looked at Shang Wen chanting this spell strangely. Back and forth circle. He was muttering something that Yingyu couldn't understand. This makes Yingyu very depressed.

"Right. Why didn't I think about it." Shang Wen said excitedly. Then Shang Wen quickly picked up paper and pen to record. Great Depression. President Roosevelt. This is a very accomplished president. Especially to solve the thorny problem of the Great Depression.

The first move to power is to rectify the banking industry. The situation faced by this and Shangwen is very similar. For example, the Great Depression is a kind of currency tightening. Enterprises have closed down one after another. It is the insufficient supply of money in the market. The currency lacks liquidity. At this time, banks raising interest rates are like adding fuel to the fire. This can only speed up the withdrawal of money from the market. Further reduce the money supply.

What Shangwen wants is appropriate Shangwen inflation. Not deflation. Deflation is good for consumers. But it is a disaster for the enterprise.

The amount of Qin's banknote currency demanded by the six countries is equivalent to taking out half of Qin's currency supply. And this demand is also increasing. Especially the capital investment boom in the future. It's just emerging now. If time zooms in again. Then it will expand infinitely.

Only then did Shang Wen realize what he hadn't considered when formulating the bank's low interest rate policy. That is. At that time, I only thought about releasing loans. It ignores the problem of money supply used to maintain currency liquidity. This is also a problem that Shang Wen didn't think of. At that time, no one noticed that other countries also needed Qin's half-two banknotes.

An idea of ​​Shangwen gradually emerged. Bank problems are solved by banks.

Just as the first step of Roosevelt's New Deal was to close the bank. Rectify. Solve the capital problem. Other problems can be solved by the way.

All Shangwen's thoughts began at the bank.

The next day, a shocking news appeared in the newspaper. "Extras, extras, the bank takes a three-day holiday for rectification. The three-day holiday for rectification." The news suddenly impacted the continuation of the run. Bank vacation. You didn't cash it out. This greatly eased the pressure on banks' funds.

But this is only three days. If there is no new capital injection. Banks still face huge problems.

Then the market began to sell large amounts of gold reserves. The 30-to-1 ratio of gold prices suddenly dropped to 29.3:1. Selling gold absorbs half of the banknotes in the hands of the people. In particular, investors from various countries buy gold on behalf of the country. Part of the gold flows out of Qin. This is also a good thing for Qin State. Most of the gold is concentrated in Qin State. Qin had to face the problem of the loss of currency value.

This is only a superficial solution to the problem. Subsequently, the government asked the banks to also establish bank associations. It is required that it cannot change the benchmark interest rate at will. At the same time, the deposit reserve system was invented. This system is specifically designed to solve the tide of runs. Wenyang Bank adjusted the interest rate privately. Was fined 100,000 gold. This is easy for them. Because Shangwen ordered the government to print about 30 million gold banknotes into the market. The funds are injected into the banking industry with special war money for the project. This is equivalent to the Qin government solving the problem of war costs by printing paper money. This is equivalent to changing an operator midway. It's not just a war special.

There are also railway models. Transportation payment. Infrastructure construction, education funds. Qin Guoping made 30 million more capital for no reason. After these capital flows into the market. Greatly expand the currency liquidity. At the same time, the wealth of the six countries was plundered by transferring to foreign countries.

South Korea’s labor factories, Zhao’s coal mines, Yan’s timber, Qi’s sea salt, Chu’s silk, and non-ferrous metal mines. The state of Qin quietly concentrated the wealth of the six countries in the state of Qin in an undetected way. In this way, the State of Qin only had to order the printing of banknotes at full capacity. No one knows how many banknotes Qin's printing machine prints in a day. How much wealth is represented behind these banknotes. Nobody knows. Even Qin State couldn't count the specific figures.

This is what Qin Guo intended to do. It is the market demand that requires this. The expansion of original capital accumulation plus the expansion after capital export. Currency represents the power of capital. Everyone needs capital. Then the State of Qin will supply capital.