20demayo Page 371
Page 371
The king of Qin is not idle. Every day, the king of Qin needs to understand the current economic situation of the state of Qin, study the pros and cons of the Shangwen policy, the reason, the purpose, and the impact.
Qin Wang also has a special instructor Xiao He who is more proficient in these issues than him. Qin Wang has read today's report and he is fully aware that if this continues, there will be a chain reaction in the banking industry. The collapse of the banking industry will be a one-off a great national disaster
Yingyu obviously doesn't know anything about it, she just thinks it's brought by the lack of money in her bank, as long as the war is over and the money is enough.
"You go out first." Looking at Ying Yu's ignorant face, King Qin could only let her go out first
"Oh, thank you, father." Yingyu made a face at Shangwen and pointed at the cotton candy machine, meaning to remember what she said about setting up a stall, and Shangwen didn't know what Yingyu wanted to do. The two lacked a tacit understanding.
"I don't know what sir thinks about today's events." Qin Wang directly asked Shang Wen, puzzled, and Qin Wang explained Xiao He's opinion to Shang Wen
Qin's current money supply is seriously insufficient due to foreign trade, and Yingyu's excessive reliance on primitive expansion has led to today's situation. Yingyu's business methods still have big problems, such as easily launching large-scale wars. Paying a lot of money, from the preparation of materials to now, more than 800 million gold has been invested. It is very scary to put the funds there.
But now it is difficult to solve this problem. Qin Wang suddenly asked Shang Wen and felt clueless. Qin Wang just looked at Shang Wen and Shang Wen was lost in thought.
Yingyu is the leader in the banking industry. Raising interest rates basically represents the attitude of the entire banking industry. Raising interest rates is a dangerous signal for the Qin economy. The cost of many investments will increase. The increase in costs will greatly dampen investment enthusiasm. definitely
In addition, the confidence of the market, especially the impact of the run tide, must be eliminated, but how to eliminate this is really difficult. It is necessary to stabilize the current funding situation of the banking industry and stabilize the confidence of the people, especially the market. Fortunately, the incident happened on the same day as the government. You can react extremely quickly. How to do this reaction? Shang Wen thought about it again and again.
614 bank holiday
Shangwen thought for a long time but there was no solution, so King Qin had no choice but to ask Shangwen to figure out a solution and implement it immediately. King Qin didn't want this matter to be shirked. The longer the delay, the worse it would be for Qin's overall economy. It has been circulated in the six countries on a large scale. It is considered that this is a sign of unification. This good sign must be maintained for a reason.
The countermeasure that Shang Wen thought of was only to increase the printing of banknotes, and increase the money supply by simply printing banknotes, but this method has a big disadvantage, that is, the issuance of more and more banknotes may cause inflation. The currency volume of Qin State It is calculated according to the market demand for gold reserves, not the narrow and broad money quantities in later generations.
Insufficient money supply is a problem anyway but how to provide such a large amount of money is it directly injected into these notes representing wealth
There is also the banking problem. Now the problem has not spread to other fields, especially the real economy. If it takes a long time, it will drag down the entire real economy. Words like that that many people won't forget are highly inadvisable
But how to solve the problem is the key
"Have a glass of juice." Ying Yu poured Shang Wen a glass of juice
"Oh thank you," Shang Wen said politely
"Is it useful between the two of us? Besides, it's nothing because you are doing it for me." Ying Yu thanked Ying Yu and said that Ying Yu finally realized the seriousness of the problem, otherwise King Qin would not come to see Shang Wen in such a hurry, and Shang Wen would Going back and forth, thinking about how to solve the problem, Ying Yu can only watch, in her opinion, Shang Wen is omnipotent
I took a sip of the portable fruit juice, which is a powdered fruit juice powder made by adding sucrose nutrition powder through dry grinding, which is vitamins. It is very convenient to drink as long as it is washed with water and dissolved. Not big enough to be exported to other countries
Women in Qin State, especially professional women, especially like research shows that nutrients are very helpful to women’s skin, especially those women who sit in the office and lack certain physical exercises. Drinking a glass of fruit juice is the best for them. Yingyu is one of them. one of the consumers of
"Great Depression, Great Depression" Shang Wen chanted unconsciously, and Ying Yu looked at Shang Wen chanting this mantra in a strange way, circling back and forth, chanting something Ying Yu couldn't understand, which made Ying Yu very depressed
"By the way, why didn't I think of it?" Shang Wen said excitedly, and then Shang Wen quickly picked up a pen and paper to record the Great Depression. President Roosevelt was a very accomplished president, especially to solve the difficult problem of the Great Depression.
The first move to come to power is to rectify the banking industry. The situation faced by Monk Wen is very similar. For example, during the Great Depression, it was a kind of monetary tightening. Businesses closed down one after another, and the market money supply was insufficient. Money lacked liquidity. At this time, banks increased Interest rates add fuel to the fire which only accelerates the withdrawal of money from the market further reducing the money supply
Naomi wants proper Naomi Inflation not deflation Deflation is good for consumers but a disaster for businesses
The amount of Qin half-two banknotes demanded by the six countries is equivalent to taking out half of the money supply of Qin, and this demand is also increasing, especially the future capital investment boom is just emerging. If time is enlarged, it will be infinite. expand
It was only at this time that Shangwen realized that what he hadn’t thought about when formulating the bank’s low interest rate policy was that he only thought about issuing loans at that time and ignored the issue of money supply used to maintain currency circulation. This is also a problem that Shangwen did not think of at the time. I didn't notice that other countries also need Qin's half-two banknotes
Gradually, an idea of Shangwen surfaced, the problem of the bank was solved by the bank
Just like the first step of Roosevelt's New Deal is to let the banks go out of business and rectify to solve the capital problem, other problems can be solved along the way
Shangwen's thoughts all started from the bank
The next day there was a very shocking news in the newspaper, "Extraordinary bank holidays for three days for rectification and three days for rectification." This news immediately impacted the continuation of the run on bank holidays. You didn't realize the great relief bank funding stress
But it's only been three days and if there's no new money coming in, the banks still face huge problems
Then the market began to sell a large amount of gold reserves. The ratio of 29 to [-] and the price of gold suddenly dropped to [-] to [-]. Gold was sold to absorb half taels of banknotes in the hands of the people, especially investors from various countries. They bought gold on behalf of the country and part of the gold flowed out of Qin Dynasty. This is also a good thing for Qin. Most of the gold is concentrated in Qin. Qin has to face the problem of currency value loss.
This is only a superficial solution to the problem. Then the government asked the banks to also establish a banking association, requiring them not to change the benchmark interest rate at will. At the same time, they also invented the deposit reserve system. This system is specially used to solve the run on Chaowenyang Bank. It is easy for them because Shangwen ordered the government to print about 3000 million gold banknotes and flow them into the market. The funds were injected into the banking industry as special war funds. This is equivalent to the Qin government solving the problem of war expenses by printing banknotes. It is equivalent to changing the operator halfway, not just a special war
There are also railway funds, transportation funds, infrastructure construction education funds, and the Qin State has an extra 3000 million gold capital for no reason. After these capitals flowed into the market, they greatly expanded the currency circulation, and at the same time, they plundered the six countries by passing them on to foreign countries. wealth of nations
South Korea’s labor factory, Zhao’s coal mines, Yan’s timber, Qi’s sea salt, Chu’s silk and non-ferrous metal mines, and Qin’s way of quietly concentrating the wealth of the six countries into Qin’s state, and this way is Qin’s only No one knows how many banknotes Qin's printing presses print in a day. How much wealth is behind these banknotes? No one knows. Even Qin can't count the specific figures.
This is Qin's intention to do this, but the market demand requires it. The expansion of primitive capital accumulation plus the expansion of capital export. Currency represents the power of capital. Everyone needs capital, so Qin will supply capital.
615 sweet stall
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The three-day rectification time passed quickly, and the market gave a high opinion of the government's appropriate intervention, especially after the stock market rose again after experiencing short-term fluctuations.
The bank that injected a lot of money easily paid the fine and at the same time transferred the huge war expenses to the government as one of the exchange conditions Qin will issue a new 500 million gold bond to absorb more social funds
Everything gradually returned to its original order. Qin Wang thought that Shang Wen’s move was very clever, and Xiao He also thought that Shang Wen had a unique talent in economics. Shang Wen didn’t know how to express it when he heard Shang Wen’s praise
After solving so many problems, Yingyu is in a good mood. The depressed mood for the past few days has been swept away, but some things still need to be dealt with.
Although Yingyu has decisiveness, having decisiveness does not mean that you have good judgment. Yingyu is also aware of this, especially when making decisions about the war in the Western Regions. I also think that I don’t have that much talent, and this time is just the age to play. Since this is the case, it’s better to leave things to others.
"Okay, I understand. After I finish this matter, I will ask you to set up a small stall in the night market to sell Baiyun candy." Ying Yu smiled innocently. The two small dimples made her look very cute, but it was a pity that she was on the phone. Shangwen can't see the other end
"Then I'll say goodbye." After saying that, Ying Yu hung up the phone
"Bye bye" Shangwen said it and then laughed out, remembering the first time when Yingyu said goodbye to Shangwen, Yingyu foolishly said goodbye to Shangwen, and laughed so hard that he almost lost his breath
"Bye bye bye bye" Shangwen muttered to the point that he couldn't help laughing Ying Yu didn't know that bye bye meant goodbye and thought he had to say goodbye before leaving, but he saluted Shangwen's laugh and there was a price to annoy Ying Yu's calf Came here for a while, seemed puzzled, and stepped on Shangwen with the heel of a high-heeled shoe. Thinking of this, Shangwen felt that his instep still hurts. This guy, Shangwen looked at the photo of Yingyu on the desk and said in his heart
What Yingyu wants to solve is the problem of corporate management. Yingyu accepted Shangwen's suggestion with ease. Fund owners and managers have decentralized powers. A general meeting of shareholders has been established. A special inspection agency has been set up to manage managers. The position of chief executive officer will be established. Xiao Helai was nominated by Yingyu, and the corporate planning department set up by Xiao He will be headed by Cao Shenlai, and Yingyu has direct veto power. She is the largest shareholder. She will withdraw from direct management and retreat behind the scenes so that she has more time to play.
This kind of management will attract social elites to participate in the future development and management of the enterprise, and the owner of the enterprise can greatly mobilize social resources to serve them. Management talents are also important talents.
And these management talents will cultivate a large number of outstanding officials for the country. Their management experience comes from the operation of social enterprises. This is a kind of benign business interaction. This is a way for talents to subsidize each other. First-hand information and after entering the government, this kind of experience, first-hand information, has a certain degree of certainty about the direction of the country's development. They naturally know what is needed and will not be at a loss for what is needed, and their rich management experience allows them to know how to solve problems. Double-effect mechanism of talent utilization and training
"That's it, we'll sell it here." Yingyu changed her arrogant and mature attire into a kind of cute home casual clothes, especially the big red apron, which looks very different from the previous Yingyu. And Shangwen is also wearing a big red apron, there is no way to prove that he and Yingyu are a sweet couple
"Okay, that's it. First, let's hang up the business license." Shang Wen took out the completed business license. This is a tax payment certificate and a business license.
"Okay, this is the sweet stall of me and the idiot." Ying Yu took out the camera and took a picture of the stall that he was running
"Okay, let's start running our sweet stall." Yingyu was very excited. Obviously, the joy of running on the street made her wish that she was a customer before and now she will be a stall owner.
"You are me to sell and solicit business," Ying Yu yelled loudly after finishing speaking
"Open it and have a look. The delicious Baiyun candy is like the white clouds in the sky, come and buy it!" Ying Yu shouted without timidity
Yingyu's hawking quickly got the attention of passers-by. The first thing people are interested in is Baiyun Tang.
"How do you sell this?" the passer-by asked.
"This..." It was hard for Ying Yu now because she didn't think of this question