The big man has a living father

Chapter 180 (Large Chapter) Tide of Han Coin
In fact, it is not just Liu Che. Many researchers on the scene have already started thinking about this issue.

After all, what is the standard?

Since the emergence of this opportunity marks industrial iteration and is absolutely related to everyone present, how could everyone not pay attention to it?

Huo Hai knew what everyone wanted to know, and there was nothing he couldn't say.

Huo Hai wrote four big words on the blackboard.

【Credit Currency】

After writing these four words, Huo Hai turned around and said, "We can only wait now. We can only wait for all the people to adapt to the new policy, believe in the new business reform, and trust all the government's policies on the economy."

"After this policy was formed, the imperial court issued a new currency that was decoupled from the value of all precious metals and no longer related to them. The imperial court set the currency's purchasing power and credit currency."

"Of course, at this stage we should adopt paper money, cotton paper money."

Liu Che in the audience tilted his head and squinted as he listened, stunned.

Isn’t this... still a platinum coin, or to be more precise, a white deerskin coin.

Isn't this different?

Isn't this a scam?! Can I report it to the police?!

Wait a minute, I seem to be the emperor.

Liu Che suddenly became alert, thinking that this would be good for him.

But Liu Che still remembered that if he wanted to use economy as national policy, he must adhere to economic principles. This credit currency seemed to... violate economic laws!

Huo Hai turned around and pointed at the words on the blackboard: "Credit currency, the key is not the word currency, the key is the word credit."

"To put it simply, the Huo's IOUs currently held by our Huo's Bank are actually a type of currency, and a credit currency at that."

"It's just that the credit of this credit currency is tied to the gold, silver and copper in the vault."

"In the future, the credit of our Han Dynasty's currency will depend on the Han Dynasty court."

Liu Che now understood that Huo Hai was saying that he had no credit in the past and was on the list of people who had no credibility.

All the researchers in the audience looked at each other in bewilderment.

You should know that among the researchers in the audience at this time, nearly a hundred were selected by Liu Che to enter the Beijing official system. They were different from those who watched the court affairs through the window outside the door and guessed the rules. They already understood the rules of the court operation.

When the four words "credit currency" came out, it was like writing "cut leeks" on a blackboard.

Of course, credit currency is originally used to reap profits, but it is not used to reap profits from the common people of the Han Dynasty.

Huo Hai continued: "The biggest feature of credit currency is that the court must be trustworthy, because it takes many years to build this system and make the people of the world believe in this currency. If someone does something that damages the credit of credit currency, he will be a sinner for thousands of years, because once the credit currency collapses, it can never be built again."

A person can only trust another person once.

Once someone is backstabbed by another person, he will never trust the person who backstabbed him again.

The same is true for credit currency.

This was demonstrated in the Ming Dynasty.

Of course, credit currency can be used as a sickle to cut leeks in people's homes, but it can only be cut three times at most. This has been verified in the Yuan Dynasty.

You can cut the leeks, issue new coins after cutting them, and say, "It is it, I am me, I am different." But after doing this again and again, the people will no longer recognize it.

Therefore, credit currency must not be used to exploit the people, and must not be used to breach trust.

But... you can’t take away the money of ordinary people, but you can take away the money of foreigners.

You can’t break your promise, but you can also not make promises or take responsibilities!

As long as I don't promise to be responsible, I have not broken my promise. As long as I cut foreigners, I am still an honest coin.

However, this also has another meaning, which is to force the emperor to hand over the right to mint coins.

In other words, the emperor still has the right to mint coins and the right to use the newly minted coins.

However, there needs to be written regulations to determine how to use it and when to mint coins.

A law unique to the emperor must be established.

When Emperor Gaozu of Han arrived in Xianyang, he made an agreement with the people of Guanzhong that anyone who killed someone would be put to death, and so on. This was called the Three Articles of Law.

Many times, scholars and officials use the "Three Chapters of the Agreement" as a metaphor for making an agreement and both parties abiding by it.

In fact, this is just deceiving oneself and others and covering up the truth.

From the very beginning, the Three Articles of Law were not about both parties abiding by an agreement, but rather rules that Liu Bang established using his status as a ruler and violent deterrence for the people to abide by.

If it is really an agreement that both parties need to abide by.

Then it is not "whoever kills should be put to death" but "whoever kills unjustly should be put to death, except when officers and soldiers are enforcing the law."

Otherwise, who will carry out the "killer must be put to death"?
No executioner? Require the murderer to commit suicide? What if the murderer is unwilling to commit suicide?
Do we need the executioner? Did the executioner kill anyone? Does the executioner who killed someone also meet the requirement of "killer should be killed" and should pay with his life?

Who will execute the executor, the second executor?
Does the second executioner count as murder? Who will do the execution? A third person?
If the Three Articles of Law were truly an agreement that both parties needed to abide by, then it would only take one murderer to wipe out the King of Hanzhong's army.

Therefore, scholars and officials sometimes made up such lies to educate future emperors.

"Look at Emperor Gaozu of the Han Dynasty. He had a high status and made great achievements. He had to follow the rules. So, my prince, when you become the emperor, you must also follow the rules. Otherwise, it will be very difficult."

The smart emperor knew at a glance that you were talking nonsense.

(╯‵□′)╯︵┻━┻：If it’s difficult, then why don’t we just not do it?
For the emperor, Confucianism is an intelligence detector.

Those with low intelligence will be fooled by the Confucian rules and become the emperor or puppet they need under their arrangements.

Those with high intelligence would resist, but Confucianism has 100 positive examples and 100 negative examples to constantly resist and educate you. Over time, this stimulated the emperor's rebellious psychology.

Therefore, many emperors who saw through the Confucian trap would develop in unpredictable directions.

However, the person Huo Hai met was Liu Che.

Liu Che was the emperor with the highest status and the most centralized power in the entire feudal history.

The other two who were at the same level as him were Ying Zheng and Zhu Yuanzhang.

Ying Zheng and Zhu Yuanzhang would not make any agreement with anyone, but Liu Che would.

Also because Liu Che was a gambler who loved to go all in, his promise was essentially his bargaining chip: "Want a bet?"

Liu Che had just made a bet with Dong Zhongshu a few years ago.

At that time, what was being gambled on was the theory of destiny and the downgrading of imperial power in exchange for a more stable dynasty.

Today, what is being gambled is economic theory, and what is being gambled is downgrading the right to mint coins in exchange for a more stable currency.

To put it bluntly, the two theories are the same thing.

This stuff is very useful. In the hands of a wise ruler, it is an invincible weapon that can kill people all over the world.

But if one day the emperor who comes to power is a bastard.

That's it.

Your Majesty, do you want to use this tool? If you do, write on it: "If you want to practice this skill, you must first castrate yourself."

Liu Che was very clear about what economics was at this time, and he also knew how intense economics was.

He knew very well that it was impossible for every emperor to understand economics.

After all, there are so many royal descendants, and Liu Che has knocked down hundreds of them with his own hands.

These Liu inventors are strange and difficult to understand.

If one of my direct descendants in the future is like this, let him control the tool of credit currency.

That's it.

Who knows if one day he will suddenly want to fly up to the sky and stand shoulder to shoulder with the sun?
What if he not only thought about it, but also mobilized resources across the country to do it.

Not only did they do it, they also printed a lot of money to do it.

What will be the consequences if the currency collapses?
Liu Che knew that the Han Dynasty must either not be economicized or, after being economicized, the economy of the Han Dynasty would be the soul of the Han Dynasty. If the soul died, it would be only a matter of time before the body would not die.

Therefore, if credit currency is to be used, legislation must be enacted, and future emperors must abide by the law. If they do not abide by it, then... their emperorship must be revoked.

But Liu Che was worried again.

Can everything last forever?

Now, this law of mine is well-intentioned and is meant to prevent unfilial sons from appearing among future generations.

But if one day in the future, the Han Dynasty is in a precarious situation and needs to issue more currency to turn the tide.

As a result, because of this law, the future emperor who might have been able to turn the tide was taken down.

What else can I say?
Liu Che knew that everything in the world is possible. As long as you think of it today, it may happen in the future.

Even iron can run faster than a horse, so what is impossible in the world?

In fact, Liu Che was overthinking.

At this time, other people did not consider this issue. What they were thinking about was, when would the credit of the Han Dynasty be in place and when would the people believe in the credit of the Han Dynasty?

Huo Hai did not think about what Liu Che was thinking, but continued to explain.

"When will all the people trust the credit of the Han Dynasty and trust the credit currency?"

"Condition one: All the people in the Han Dynasty are affected by the new business reform, and the new business reform is promoted throughout the country."

"Condition two, the people of Dahan not only adapt to the benefits of the new business reform, but also adapt to the obligations of the new business reform."

"Condition three: The economy of the entire Han Dynasty will be visibly much better than it is now, and the time has come when the people realize that their money is insignificant in the entire economic system."

The three conditions are not difficult, but they take time.

At present, the new commercial reform has been going on for two years in Chang'an and for one year in Chengdu. Currently, the railway radiation has connected Huaishuo, Shenmu and other places, and will soon be connected to Longxi.

The highway has been connected to the Hetao Hexi Corridor.

Currently, in the densely populated large area east of Guanzhong, four of the five capitals of the Han Dynasty are madly affecting the surrounding areas.

According to the current situation, if the imperial court no longer makes any efforts, it will take less than two years for three quarters of the Han population to be exposed to the radiation.

The second point is, of course, that currently the main beneficiaries are the workers, and the main taxpayers are self-employed individuals, but everyone knows that this is a trial run, and before they get rich, the workers still have to pay taxes when they farm and transport goods.

Therefore, they will not object too much if we start paying taxes directly at that time.

The key is how to implement tax policies in rural areas so that people outside the capital can also pay taxes.

Third, what does it take for ordinary people to realize that their money is insignificant in the economic system?

Everyone can guess the principle.

If a person can feel that his money is less than one ten billionth of the country's, then he will only worry about others cheating him of his money, and certainly not worry about the country cheating him of his money. At most, he will have questions about the relevant state regulations, but he will not worry that the country will take advantage of his small amount of money and want to cheat and defraud him.

“What does it take to be considered an economy far better than it is now?”

Huo Hai: "There are three indicators. If you achieve any one of them, it will be considered achieved."

“First, twenty trillion-dollar companies were born.”

"You won't have any doubts about this, right? Just two years ago, the total tax revenue and grain revenue of the Han Dynasty was less than 10 billion yuan. If there are 20 trillion-level companies in the market, do you still think that the Han Dynasty is still the same Han Dynasty?"

Everyone present nodded.

Indeed, a company with a trillion-dollar stock value is a hundred times larger than the national fiscal revenue, which is already outrageous. If there are twenty trillion-level companies, what else is there to say?

For ordinary people, the money at home is only tens of thousands of dollars, right? The most is only hundreds of thousands of dollars.

In their perception, there are so many companies with a market value of 10,000 that they can't even remember them all. Of course, they are also very clear about their position and share in the overall economy, which is insignificant.

Huo Hai raised two fingers and said, "The second indicator is that there are more than 10 million male workers in the country."

Others may not know, but Huo Hai knows that there are currently 3.7 million workers in the country.

This number is already very exaggerated, because in the population census more than ten or twenty years ago, a total of 30 million people were counted. 3.7 million people already account for a large proportion of the prime-age labor force.

But in fact, there should be about 44 million people in the Han Dynasty now.

If there are more than 10 million male workers in the country, it means that the labor shortage is already very serious. By then, it is estimated that there will be at least one million female workers.

By this time, the Han Dynasty had completely transformed from an agricultural country into an industrial country.

Naturally, it also represents the end of the old era. Everyone has agreed with the court’s new business reforms and the change in identity.

Huo Hai raised three fingers and said, "Third, unify the world."

As soon as these words came out, the whole place was in an uproar.

Even Liu Che's face looked good.

As an emperor, Liu Che knew that there were five countries that were not much worse than the Han Dynasty, namely the New Dayuezhi, Parthia, Dayuan, Egypt, Rome, and India, and there were countless small countries.

Unify the world?
Not to mention so many countries, even if so many pigs ran away, it would be difficult to catch them back in a short time.

However, Liu Che immediately understood what Huo Hai meant.

Unify the world. After unification, whatever the Han Dynasty says is valuable is valuable, and violence changes everything.

Because now, if the Han court said that copper was no longer money and wood was money, then everyone could take the money to the Western Regions or even further places to spend it.

But if the world is unified and the imperial court says copper is no longer money, then copper is no longer money because it cannot be spent anywhere.

Black market? How can a country that can dominate the world not be able to control a small black market?

In this way, after all, the prerequisite for entering the electricity era is credit currency.

To issue credit currency, the prerequisite is to have twenty trillion-level enterprises.

At present, there are only two, Tongguan Coal Mine and Xiongnu Company.

But recently Huo Qubing has been killing people indiscriminately in the Western Regions. Every time news comes back, it's reported that he has captured several cities in a row or conquered a certain capital. The value of the Western Regions company's shares has skyrocketed.

So, the third one will be born soon.

Not only that, if the Anshen Railway and its extension line Shenwu (original) Railway were merged into the Anwu Railway and listed, then even if the value is not trillions, it is estimated to be not far off. With the advancement of the economy and the continuous expansion of the north-south line of this railway, it is inevitable that it will reach trillions of yuan.

Similar to this is the Anlong Railway.

There is also the Anluo Railway.

Simply put, after these three railways are completed in the future, they will use Longxi, Wuyuan and Luoyang as centers to cover their entire region, turning it into a network rather than a line. It will definitely be a trillion-level enterprise.

In addition, there is Tianzhu Company.

There is also the railway in Chengdu.

If the railway from Chengdu to Chang'an is completed, that would be big news. As long as it is connected, there is no need to develop it into a network, it would be worth trillions of dollars.

After all, there are still ways to Chang'an from other places, but there is really no way to get there from Chengdu. Also, the shipyard.

Once the planned shipyard in Qiancheng starts operating, it is inevitable that it will become a trillion-dollar shipyard.

This is the eighth one.

Of course, these are all reserves. There are signs of this trend, but more work is needed.

There are four railways, but only one coal mine?

When will the coal mines in Chengdu be listed? Will the coal mines in Huaishuo be listed? What about the coal mines in Zhao and Jin? What about the coal mines in Lu?
In addition to coal mines, what about iron ore? Even if iron ore is not worth trillions, the clustering of iron ore and coal mines is steel mills. What about steel mills?
With such a large amount of steel used nowadays, should the Tongguan Steel Plant develop independently? The development of steel plants in other places will be slower, but how much slower?

Theoretically, after all these companies emerge, there will be at least fifteen to eighteen trillion-level companies.

Twenty-one steps away.

Such a long time has passed, it’s impossible that other people in the market haven’t created two trillion-level companies, right?

Even if others can't come up with it, Huo Hai has never stopped innovating. He built roads two years ago, railways last year, and ships this year. Who knows if he will build a flying iron bird next year?

Everyone was calculating how long this day would take.

Some people think it takes fifteen years, others think there might be a chance in ten years.

Some people have had too many good things recently and directly estimate it to be five years.

Huo Hai didn’t even dare to estimate for five years.

However, at this time, no one expected that the next company that would become a trillion-dollar company would not be one of these companies at all, but a company that they did not expect.

After the people at the scene had a certain estimate of this time, they began to think about the arrival of this time.

Seeing that everyone had their own thoughts, Huo Hai announced: "Think about it carefully. If you hesitate, you will suffer the consequences. It is best to cut the Gordian knot and make a decision quickly so that you will not regret it later."

After saying this, Huo Hai stepped down.

In fact, having twenty companies with a stock price of trillion-level is not the easiest thing to achieve.

The second one is the easiest to achieve.

Although the population of Han Dynasty appears to be 30 million, in reality it has a population of 44 million, which makes it seem difficult to accommodate 10 million male workers.

In fact, this is not the case. First of all, in this era, there is no such thing as aging among the poor.

Not to mention aging, even middle-aging is very difficult.

Therefore, basically 95% of the population are middle-aged and young people, and they are the absolute labor force.

This is one of them.

Second, the population of the Han Dynasty is not constant.

Indeed, now that food production has increased, the population will explode. For example, this year, the number of children born and still alive should be several times more than in previous years.

But these people are not yet in the labor force and will have to wait another 20 years.

But... the population within the Han area is not limited to the Han people!
At this time, the Xiongnu still had 800,000 people outside! The Qiang people, with a population of one million, had just surrendered and were still in the half-submission and half-reluctant stage, which required time to digest.

Wusun still has a population of 600,000.

The Kingdom of Nanyue still had a population of one million.

To the left of Nanyue was Yelang, which had a population of 500,000.

To the right of the Nanyue Kingdom was the Minyue Kingdom, which had a population of 80,000.

Next to the Minyue Kingdom is the Donghai Kingdom.

This Donghai Kingdom is not the Donghai County in Qi and Lu, but Dongou, also known as Ouyue. It also has a population of hundreds of thousands, but the exact number is unclear.

In addition to these there are Wiman Joseon and Jinhan.

The population of these two places is unknown, but it is estimated that their combined population is no less than one million.

Is that all? In fact, outside Youbeiping, there are four super large tribal groups, all of which are fishing and hunting tribes. Although they are now singled out like children in front of the Xiongnu, they are not qualified to be on the administrative map of the Han Dynasty, and they don’t deserve to have a name at all.

But in fact, the combined population of these four large tribes, Wuhuan, Buyeo, Sushen and Xianbei, was twice that of the Xiongnu!
Although when talking about the northern grasslands, it is assumed that everyone in this era was under the rule of the Huns, it does not mean that everyone had the identity of a Hun.

You should know that the Huns called themselves Xia people and Hu people, and these people were the Huns.

And there are not only these ethnic groups around, there are also tribes like Dingling, whose population is also very exaggerated. Just the territory they occupy on the map, even if it does not support people, is a territory with a diameter of thousands of miles!

In addition to these populations, there are dozens of mountain barbarians, southern barbarians, and other groups living in the Han Dynasty but not under the jurisdiction of the imperial court, totaling about five million people.

The Dali Kingdom to the south is not even counted as such now.

Also, how many servants are hidden by the nobles across the country?
Others may not know these data, but does Liu Che know them?
The grain prices in Chang'an for the past two years were controlled by Liu Che. He was the mastermind behind the scenes. Every increase or decrease in grain prices was caused by him. Didn't he know how many people were hiding in Chang'an?
In fact, there are more than 20 million barbarian tribes and hidden populations within the border of the Han Dynasty that are not under its jurisdiction!

There are 10 million people of various ethnic groups along the Han border.

Adding the 44 million people of the Han Dynasty itself, this is the real population of the Han Dynasty.

The Han people currently have a population of 74 million! And 97% of them are under 35 years old!

This number was much larger than anyone in the court could imagine, and much larger than any non-grain bureaucrat could imagine.

Of course, if we have to say something, the 10 million people outside the border are not under the jurisdiction of the Han Dynasty, and the 20 million hidden people and people from the barbarian tribes are also difficult to find.

But...it's not that difficult.

The reason why Huo Hai calculated the population in this way is because... these people are the composition of the future Chinese nation, so of course they must all be counted in.

This area, the central kingdom, is treated differently from the surrounding areas further away.

After Huo Hai stepped down, Liu Che went directly to Huo Hai.

Princess Wei Chang was also eavesdropping. When she found out that Huo Hai wanted to ask her father for the right to mint coins permanently, she came over immediately to prevent Huo Hai from being killed by the furious Liu Che.

However, Liu Che came over without being angry.

I asked, “What’s the price?”

Huo Hai: “Didn’t I tell you that?”

Liu Che: "All are rewards, no price!"

Huo Hai: “…”

"Already told."

Liu Che put his hands behind his back and finally asked a question: "Let me ask you, is the Great Depression... an economic loophole?"

Huo Hai could only nod: "It's not just the Great Depression. In addition to deflation, there is also something called inflation. Both things are cyclical and cannot be stopped."

"It is the spontaneous behavior of people in every link of the economy. It cannot be controlled."

Liu Che: "How long does it take to repeat?"

Liu Che knew that such a good thing would never happen in the world.

Even the great invention of the county system led to the collapse of the Qin Dynasty.

How can there be completely good things in the world?

Indeed, the county system was just right for the old Qin people's area, that is, the Three Qins and Shulong area. But as the world became larger, the county system could no longer manage it.

That's why the feudal system was established in the early Han Dynasty.

Now that Liu Che understood everything, he began to crack down on the feudal states and implement the Enfeoffment Order.

How is it possible that the economy is always going smoothly?
Is it really possible to prevent all crises by using a property version of the Enfeoffment Order?

Definitely not.

I get it now.

Deflation and inflation, like breathing, are rhythmic and cyclical.

Huo Hai: “Ten years.”

"This is difficult to calculate, so I didn't do it. I'm just guessing. I don't know what people think and how many years it takes for public opinion to affect the economy, but I think it should be ten years."

Princess Wei Chang was shocked.

The description of the Great Depression we just heard, does it happen every ten years?
Huo Hai: "Not every time it is as severe as the Great Depression. There is a way to lock the economic crisis in a region that is not in the Central Country to prevent it from spreading here."

Liu Che's eyes lit up: "There is indeed a problem."

"But, there is indeed a way!"

Huo Hai began to describe the plan.

From the beginning, Liu Che was confused: "What? Let them deposit their money in the bank. They are getting a bargain, and we still have to pay them interest?"

Huo Hai was speechless: "Your Majesty, besides our Huo's Bank, aren't there other people opening banks? There will definitely be competition after their banks open."

"At present, we can lend money to the construction industry, which is very profitable and stable, so if we can get ordinary people to deposit their money with us and then lend it out... what's the big deal about giving them interest on their deposits?"

Liu Che finally reacted.

No matter how much money you have, don't treat the common people as pennies. Each common person may not have much money, but the money of all the common people combined is far more than the assets of the court and several so-called large companies.

If everyone really had the habit of putting their money in the bank, they wouldn't need to put more than one-third of their money in the bank. If the bank took the money out for loan, the annual returns would be incredible.

Therefore, giving them interest on their deposits is a way to attract savings.

Before this, you could deposit money in the bank and exchange it for Huo's IOU. Some people even had to pay acquaintances to help them jump the queue when they couldn't even get in line. Now that there are more banks, the rules are changing.

After Huo Hai confirmed this, he began to talk about the tide of Chinese currency.

The core logic of Han Currency Tide is to achieve the "flooding" and "withdrawal" of Han currency through monetary policy operations, thereby affecting global asset prices and money supply.

The first step is the stage of lowering interest rates and expanding balance sheets: all banks lower interest rates, expand their balance sheets, and increase the money supply, resulting in a large outflow of Han currency from the Central Kingdom to the global market.

The second stage is the asset bubble stage: in a low-interest rate environment, a large amount of funds flow into the stock market, real estate market, etc., pushing up asset prices and forming a bubble.

The third stage, the stage of raising interest rates and shrinking balance sheets: When the asset bubble was formed, the banks of the Han Dynasty began to raise interest rates and shrink their balance sheets, causing the Han Dynasty's currency to flow back to the Central Kingdom.

The fourth stage, the bubble bursting stage: the return of Han currency led to the depreciation of currencies of other countries, falling asset prices, and forming a financial crisis.

Princess Wei Chang understood: "The key to this is that other countries should also learn from the Han Dynasty to use credit currency, but their currency credit is not as strong as ours, and our currency value anchors the currency of the entire world."

"Once our bank cuts interest rates, the money deposited in our Dahan Bank will spread in all directions, including various industries in Dahan and outside of Dahan."

“Once we raise interest rates, that money will come back to earn interest.”

"In the process, the economies of other places collapsed. In fact, our crisis was passed on to other places. As for who will be the one, it depends on who is unlucky enough to become the rising star at that time and become the country that can become a bubble."

Huo Hai corrected: "It's not about entering and leaving the Han Dynasty, it's about entering and leaving the Central Kingdom, entering and leaving China."

If nothing unexpected happens, the whole world will belong to the Han Dynasty in the future, but only the original Chinese cultural circle can be the Han Central Kingdom directly under the jurisdiction of the imperial court.

In other words, the central country of the future will replace the current role of the three auxiliary areas as the capital.

The plan is to unify the world.

Liu Che: "Let's not consider whether it can be realized or not. Let's assume that it can be realized. This method first requires a banking consortium. This banking consortium..."

In fact, it is the Senate of Han Nobles.

It is just the Council of Elders that chooses its representatives.

This Council of Elders itself was actually opposing the order of favor.

Because the favor was extended too deeply, this elders' council became too complicated.

Huo Hai had no choice but to grit his teeth and accept it for the sake of future plans. The Senate, composed of the direct descendants of each noble, could not be resolved in a short period of time.

This means...an alternative aristocratic family and an alternative Three Kingdoms may yet come.

Of course, there is no need to solve it, they are the future Han Federal Reserve.

But there are also differences: "In fact, Hanbi Tide is not the ultimate version, the ultimate version is...Hanxin Pulse."

Liu Che: “?”

Huo Hai: "The Han currency tide refers to the Han Federal Reserve adjusting its monetary policy to make the flow of Han currency around the world show cyclical changes, similar to the ebb and flow of the sea. This cyclical change is mainly achieved through interest rate cuts and interest rate hikes, affecting the cyclical cycle of the global economy."

"There is another way to turn plagiarism into a heartbeat."

"The design of the China-Han Federal Reserve is to hide all the rules and act like a sinister villain."

“But the fact is, we can institutionalize all of this.”

"In the future, except for the Central Kingdom, people from other places will only be allowed to do raw material excavation and basic processing, and will not be allowed to do deep processing. The price of raw materials will be extremely cheap, while the price of goods will be very high."

"People all over the world have to use the goods of the Central Kingdom and then pay taxes to it."

Liu Che suddenly realized: "You mean!"

Huo Hai nodded: "Part of the tax revenue will be used for local circulation and development, and the rest will be kept as reserve funds. Every ten years, when the Central Kingdom experiences monetary tightening and fluctuations, these reserve funds will be drawn out and invested in the market on a large scale, forming a strong arterial blood that will carry funds around the world."

To put it bluntly, monetary tightening means that there is no blood in the blood vessels, so blood transfusion is needed.

Where does the blood come from? It comes from other places.

After inhaling it and coming back, let it out again, and repeat the cycle over and over again.

It's like a person, carrying all the oxygen and nutrients to the heart, and then pumping them out.

It just so happens that this person's heart, brain, head and face, and other important organs, are all in the same place.

This relies on taxation to enforce a break from deflation.

The beauty of this system is that as long as the heart is not damaged, any problem anywhere can be easily cured.

All other regions of the world work together to transfuse blood into the heart, so the heart will always beat and will never get cancer.

This is the enhanced version of Han Coin Tide - Han Heart Pulse.

Liu Che murmured, "Is this the policy of Yongxing?"

Huo Hai: "No method is permanent, but this method is thousands of times more capable of resisting risks than other methods we have seen so far."

"After all, apart from economic measures, there is no way to make us ten thousand times stronger. If we can't become ten thousand times stronger, then we can't even think about resisting risks, which is something we can only consider after we become stronger."

Princess Wei Chang: “…”

Liu Che took a deep breath and said, "So, I can't refuse the position of global captain? I really don't want to be the captain, but if the destiny is with me, I will be forced to take on the responsibility."

　Regarding the monthly ticket lottery prizes in the first week of December, I thought about it for a long time and decided to give 12 prizes, all of which are snack gift packs. The first, second and third prizes are electronic products, which can be used by everyone who draws them, and there will be no situation where you draw a prize that cannot be used.

　　There are so many electronic products and I don't know what to choose, so I'll just give away the ones I use. I'm wearing a Xiaomi watch now, so I'll give it to the first prize winner, and the second and third prizes will be Xiaomi Bluetooth headphones.

　　The first prize is Xiaomi smartwatch S3, 799. The second prize is Rendmi Buds 5pro, 399, and the third prize is Redmi Buds 6s, 199. One hundred participants will receive a snack package.

　　The winning rate should be quite high, so everyone should actively vote for the monthly ticket and participate!
　　
　
(End of this chapter)