20demayo Page 757
Page 757
"Our money supply is already insufficient. We need a lot of gold. Although gold and banknotes are not linked on the surface, in fact, futures have linked banknotes to gold. We need sufficient gold to print more banknotes," Shang Wen said.
"En" King Qin nodded as if he had realized something at this time.
"Then we can print a large amount of paper money regardless of gold." At this time, King Qin expanded his financial imagination
"Oh no no no" Shangwen immediately shook his head and said at this time
"This will cause serious financial credit problems. You must know that banknotes are based on Qin's credit. This is destroying Qin's good credit. Credit is the foundation of Qin's legal system. I think it will destroy Qin's legal system. It’s not worth the loss,” Shang Wen said at this time
"We can print properly," Meng Yi suggested at this time
"According to the situation we have now," Meng Yi said
"We can issue a certain amount of half tael banknotes," Meng Yi said at this time
"Can you explain this situation?" Shangwen asked at this time
"This is the case," Meng Yi said.
"Our foreign trade situation has been performing very well. The gold and silver from the six countries began to flow towards us at this time, especially the gold from Qi, Chu, and the two countries entered our Qin State in large quantities, although some of the gold returned to these countries. But most of the gold stayed," Meng Yi said at this time
"In addition, we also have gold from the Yan State and the Western Regions. These golds have made our Qin State's gold reserves exceed an astonishing level in history." Meng Yi said at this time
"To count this figure, we need an official figure. The amount of private gold exceeds our treasury. Now we need and can print a certain amount of banknotes. We can sell these banknotes to the bank in the form of exchange," said Meng Yi.
"After selling to the bank, they can use these banknotes to greatly increase the liquidity of Qin's banknotes," Meng Yi said at this time
"Yes." Shangwen first said at this time that he thinks this plan is feasible.
"We don't have much gold in our hands," Ying Yu said at this time
"The royal family has," King Qin said at this time. Regarding the father and daughter's asymmetrical answer, Shang Wen didn't say anything. The King of Qin is the main beneficiary of the Royal Bank.
But Yingyu’s Wenyang Bank is a bank that is vigorously expanding. The funds they have gathered have been greatly expanded. In their opinion, things like gold are only speculative. The important thing is that things like gold have no value for investment. What they have is a large number of foreign company shares and dividends in various investment ratios.
Wenyang Bank and its various subsidiaries and related companies do not have a large amount of gold reserves. If Wenyang Bank follows this plan, they will lack the initiative to control the liquidity of funds, which is very passive for Yingyu. So she took the initiative to emphasize that she didn't have so much gold, but in fact she didn't.
"Gold and banknotes are still linked," Shangwen said to himself at this time
1174 ambiguous measures
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Shangwen originally wanted Qin's banknotes to be freed from the temptation of gold at this time, but obviously this was a whimsical idea of his own.a lot of things.There is an inherent connection.
What Shangwen originally planned to leave from the beginning, obviously went wrong at the beginning.This kind of mistake will naturally return in a certain historical event.This regression has its great naturalness.
"We need a certain amount of time to sell gold," Ying Yu said at this time.Because, for the convergence of gold.Yingyu's banks and investment companies operate as a large number of speculative products, and they rarely hoard large amounts of gold.It has to be said that they are strategically at a disadvantage.In order to save this disadvantaged situation, Ying Yu had to request to slow down the time.They need a lot of time to re-gather a sufficient amount of gold.
In the Western Regions, enough gold made Ying Yu a fortune, and they sold the gold to the market.In exchange for more and more original capital accumulation.For them, this is not a small fortune.
But the problem is that the finances are in urgent need of money, and they can't come up with a penny.The printing of banknotes by the country is not injected into it for no reason.What the country needs is interest, an exchange of equal value.Obviously, gold as hard currency is the best equivalent in exchange for paper money.
What Ying Yu obviously lacks is precisely this kind of hard currency.Therefore, Ying Yu firmly opposed it.Yingyu not only objected, but also quietly signaled Shangwen to seek Shangwen's help.
"I need your help, you know?" Ying Yu whispered to Shang Wen at this time.
"What help do you need?" Shangwen asked in a low voice at this time.At this time, the King of Qin focused his attention on Meng Yi. He believed that Meng Yi had an unprecedented potential emanating from the theory of a new political star, which made the King of Qin very happy.This is a kind of rare feeling that the monarch has for talents.
To be honest, being a deputy prime minister is a very annoying job.Because the deputy prime minister has to take care of everything, and at the same time he is the most leisurely person,
Comprehensive consideration is to allow the deputy prime minister to be able to be there when the prime minister is away.Can take care of everything and be able to handle everything in a timely manner.The most important thing is to be able to follow the prime minister's wishes.This requires the excellent cooperation of two people.This cooperation requires the sacrifice of a person's personality.One needs to give up many things to achieve this cooperation.Meng Yi obviously sacrificed a lot of things for this cooperation.for example.He needs to do things according to Naofumi's wishes.He needs to bear considerable responsibilities, and at the same time, he must understand Shangwen's subjective ideas. For him, he has sacrificed a lot of his own ideas.Although Meng Yi said that this is a kind of learning, but at the same time, Meng Yi is also sacrificing another thing.
And he is the most idle person because he has no major responsibilities. The task of the deputy prime minister is to be able to quickly take over the task of the prime minister.This leads to its inability to specialize in one thing.It can be said that Meng Yi is both an opportunity and a challenge to carry out some things.Dream Shadow of Nako's Wheel of Fortune
"I want to be able to delay this gold deal, you know? We are short of gold. Lots of gold. If we don't have gold and can't get this money, my bank will have to close. If that happens, I will jump off the building." Win Yu said to Shang Wen at this time.
"Oh. My God." Shangwen said in surprise.Shang Wen and Ying Yu stood shoulder to shoulder.Small talk.
"Ahem." At this time, King Qin saw the two discussing private topics.This had to make King Qin remind the two of them not to be too presumptuous by coughing.
"But, I have no choice. You know, the situation is urgent now, and the most needed time. Time waits for no one at all. The king's intention is obviously that the sooner the better." Shang Wen replied at this time.
"Ahem." King Qin coughed again at this time.And the two are discussing the most urgent topic, in their opinion, they must solve this problem, otherwise it will be difficult for them to maintain Wenyang Bank.
"You two, this is not a place to talk about love." Qin Wang really couldn't stand it.Straight up.
"Ah." At this moment, Shang Wen seemed to realize that King Qin was talking about them.
"Yes. Father." Ying Yu replied after looking at King Qin.
"Go on." King Qin continued.But Shangwen and Yingyu were red to the neck.
"We should allow banks to trade a large amount of gold, so that sufficient funds can circulate in the market again." Meng Yi continued.
And Shangwen is still thinking about Meng Yi's question.
Meng Yi's problem is to attribute the economic crisis in Qin State to financial issues.Actually, by today's standards.The crisis in Qin State is not an economic crisis at all, and this kind of crisis is not a crisis according to the current standard, at most it is a short-term financial crisis.
The problem Meng Yi discovered was that the Qin State is currently in such a crisis.The reason is that the Qin State Bank lacks sufficient funds.Due to the export of capital in Qin State, the limited amount of money in Qin State was divided into a lot at once.This led to insufficient money supply in Qin State, which led to a decrease in the circulation of Qin State currency.The consequence of the reduction is that Qin's economy has become tense due to insufficient liquidity.There is only one you in the world
The form of expression is that the stock market as a whole is bearish.There is a huge short market in Qin State.This is a disaster for Qin, but it is also something that Qin must face.This is often the result of capital export.The export of capital, especially the half-two banknotes of Qin State, already has the nature of regional currency.This led to the direct export of Qin State's half-two banknotes.This continuous export of half taels of banknotes replaces gold.Let Qin paper money become a universal currency.This is a substantial increase in Qin's economic strength.At the same time, it is also an increase of Qin's responsibility.
Thought of this.Shang Wen believes that it is appropriate for Qin to carry out a limited-scale economic reform at this time.Especially financial reforms.
"Your Majesty." Shang Wen suddenly interrupted Meng Yi's conversation at this time.
King Qin frowned at this time.Obviously, he was displeased with Shangwen's sudden interruption of the conversation.
"Your Majesty, I think Qin should carry out a financial reform now." Shang Wen said at this time.
"Hey, idiot." Ying Yu was a little displeased when he saw King Qin.He reminded Shangwen to pay attention.
"Financial reform!" Meng Yi exclaimed at this time.
"Financial reform." At this time, King Qin also felt that Shang Wen's strange ideas were always boldly proposing some unexpected ideas in places where it was difficult for others to notice.
"Yes. Financial reform. If Qin State wants to revive Qin State's economy, then Qin State will carry out a large-scale financial reform. This kind of reform will have a new impetus for the improvement of Qin State's economy." Shang Wen saw Touching the ground, he waved his arms and said.Shangwen spoke as if no one was around, just him.
"En. Let's talk about it." King Qin said impatiently at this time.
"Qin State must first integrate all the banks in Qin State and establish a central bank." Shang Wen said at this time.
"The role of the central bank is to plan Qin's banking business strategically in the overall situation." Shang Wen said.
"Central Bank. Continue." Qin Wang aroused enough interest.
"The next step is to establish a reserve fund system. This time, Qin Guo Bank has a serious financial problem because of the lack of funds and there is no certain warning value." Shang Wen said.Mortal True Immortal Road