The sun never sets

"Economic experts? Then they must not understand economics."

"Ok?"

Lin Yongchang put down the newspaper and said, "We need to listen to the opinions of economic experts, but we also need to consider their positions and the interests they represent. But you are right. Apart from pornography, gambling and drugs, we can try other things to see what benefits and disadvantages there are. However, in this process, strict supervision must be exercised."

"You know what's going on in the country. If you catch them, they'll die. If you let them go, there'll be chaos."

"We have to impose some restrictions on it, and we need to have some necessary supervision. If we leave it alone, there will definitely be a big mess."

Wang Qi agreed, and then said, "What do you think about relaxing financial controls and allowing foreign and private capital to enter the banking industry and stock exchanges?"

"We can consider liberalizing the banking industry. Without competition, there will be no progress and development. The working style of some state-owned banks is very bad. They do not serve the people, but the RMB. Serving the people has become managing the people. Letting in some catfish is also a good thing."

“As for the stock exchange, this is too big a concern and can only be controlled by the state for the time being.”

Wang Qi frowned. "Will relaxing financial controls and allowing foreign and private capital to enter the banking industry lead to the restoration of the bourgeoisie? Will it cause the people to suffer twice and be punished twice?"

Although he was the one who brought up the issue, his original intention was not to relax the regulation. However, the current situation is different from before, and there are too many people who hope that the state can relax the regulation, including some comrades in the party.

"You overestimate them. What do they know about capitalism? At most, they will regress to a semi-feudal and semi-colonial society. Capitalism accumulates assets by invading and plundering other countries. Who would they dare to invade? It would be a blessing if they are not invaded."

"...I don't think any country would dare to invade our country!"

Lin Yongchang thought about it and felt that Wang Qi was right. The current [People's Revolutionary League] was too powerful. As long as there were no problems internally, it would be impossible to defeat this most powerful country in history from the outside.

"They can only exploit their own people or sell their own country's resources at a low price.

To satisfy their own insatiable greed. I am sure that financial innovation will eventually turn into usury.”

Lin Yongchang seemed to be sneering, "Lending, monopolizing, and collecting rent, this is their nature. They can make money lying down and will never sit up. Of course, there are still some people who are advanced and can consider using technology to promote the development of productivity. We must support and protect such individuals and groups."

Wang Qi was very convinced by Lin Yongchang, "Will financial innovation really end up like that?"

"Whether it's in the name of innovation or a new concept, in the end it's mostly a means of exploitation by landlords and wealthy people. There's nothing new about it. If you can come up with something new, even if it's a scam, you can still say it's of some benefit to society."

"now that........"

"You mean, if you know it's going to end up in a mess, why don't you stop it now?"

Lin Yongchang said: "Because we can't stop it now, who knows what will happen in the future? We can only keep an eye on it all the time and correct it when there is a problem."

Although there are many bastards in the financial industry, we cannot condemn it with one blow. As long as it is used properly, the financial industry can still promote the development of real industry.

Chapter 811 Prediction

"According to the analysis of comrades in the economic department, there is a high probability that an economic crisis will break out in the United States and Germany next year or the year after."

Economic crises basically occur every ten years, and this is unavoidable. Germany and the United States are getting closer and closer, and the United States has many investments in the German Empire. Whether the US economy has problems first or Germany is the first to have an emergency crisis, it will inevitably affect the other country, as well as the national France, Austria and other countries.

Lin Yongchang knew about the world economic crisis that broke out in 1929, but the world had changed so much, would the crisis still occur in the United States in 1929 as expected? There was no doubt about this. Many signs had shown that the prosperity of the United States was about to end. In Detroit and other industrial cities around the Great Lakes, the unemployment rate was steadily rising. Many factories stopped hiring and fired many people instead. The number of unemployed workers on the streets was increasing.

The storm was brewing. In order to solve the economic problems, the US government had to make peace with its enemy in the world war - Germany, and start bilateral trade, but this only slightly alleviated the problems in economic operations.

If the problem of wealth distribution cannot be solved, there is no way to avoid the economic crisis that occurs every ten years. Although many economic experts have advocated that "the great America will continue to prosper", some people have seen the coming storm from small details.

The United States used to be the world's largest industrial power and a major exporter of agricultural products. Now, its industrial products have been beaten back by the alliance in the international market, and its proud agricultural exports have also suffered a great blow.

Ever since the United States imposed high tariffs on various high-tech products of the Alliance, such as cars, televisions, refrigerators and air conditioners, the Alliance has retaliated in kind by announcing a 50% increase in tariffs on American agricultural products, which has dealt a heavy blow to American agricultural exports and made the US economy worse.

The agricultural production efficiency of the United States ranks first in the world, but because the Alliance also uses a lot of agricultural machinery and fertilizers and pesticides, the price of American food is only slightly cheaper than that of Ukraine. Coupled with the high tariffs, the food of the United States has no advantage over the Alliance.

After losing the Union, the largest consumer market, American agricultural products suddenly became oversupplied, and prices plummeted. It is said that large farmers in some places have begun dumping milk and slaughtering cows.

The price of milk has dropped to the point where it is not enough to pay for shipping, so the only option is to destroy it. The same is true for other products. From product to commodity, it needs to go through a "thrilling jump". If you jump over it, you can make money, but if you fail to jump over it, you will lose money to death.

In order to avoid more losses, some American farmers have begun to destroy agricultural products. However, this only happens occasionally in some places and has not spread to the entire United States.

Lin Yongchang expressed his approval for the work of comrades in the Ministry of Foreign Affairs and the economic department. With so much evidence before them, anyone could see that there would be problems with the US economy.

"The next economic crisis is likely to occur next year, and the question is what we can do in this economic crisis."

Taking advantage of the emergency crisis in the United States to buy at the bottom is a natural thing to do. The Alliance will not take action directly, but will rely on the power of American friends. The Alliance has many American friends, such as Hammer and Hoover, who have made a lot of money in cooperation with the Alliance.

The alliance didn't need to get intelligence from them, they just wanted to make money together. Making money is not bad. Mr. Hammer is now a well-known red capitalist. Mr. Hoover handed over the business to others because he wanted to go into politics, but the money he paid him every month was not less.

Hoover wanted to participate in the presidential election, which required a lot of money. The US election is a game for the rich, and you can't do it without money. Even though the US and the alliance are fighting a trade war, it doesn't prevent Mr. Hammer and Mr. Living Buddha from making money for themselves.

Only monopoly can generate excess profits. The more severe the trade war is, the more

The more time passes, the more money our American friends make. For example, the price of the special medicine No. XX (penicillin) on the American black market is already more expensive than gold.

Many times, doctors will recommend patients to get a few injections of special medicine. Penicillin cannot be bought in regular places, and can only be bought on the black market or through special channels. It is said that the US Navy and Coast Guard have made a fortune. They use warships for smuggling. As long as they go to Central America or South America, the money they earn is enough for people to live comfortably for the rest of their lives.

The trade war and Prohibition made many people rich, but the United States did not benefit from it. Those who made money would not donate the money to the country.

With American friends like Hammer and Hoover, it is easy to buy stocks at the bottom in the United States. But for the People's Revolutionary League, making money is not the most important thing. Using the power of the country is definitely not just for buying stocks at the bottom to make money.

"If an economic crisis does break out next year, we can buy some industrial equipment from the United States."

The United States is the second largest industrial country in the world. Although it lags behind the Alliance in terms of technology and production, it still has some good things. When the economic crisis breaks out, machinery and equipment will be shockingly cheap. Although the Alliance can also build various machines, if you can buy a large number of machines with a little money, why not?

The alliance is in a stage of rapid development and is far from having overcapacity. The Three Gorges Dam and other large-scale projects consume a lot of cement and steel, and also require a lot of construction machinery and equipment, which the alliance central government sometimes purchases from abroad.

“Just buying equipment?”

Lin Yongchang was not very satisfied with this answer. Bottom fishing and purchasing equipment were things he had done many times before. If it were just this, he would not even need to inquire about it personally and could just let the relevant departments take charge.

"Forehead........."

"After the economic crisis breaks out, the whole country will become chaotic, and people's thoughts will become extreme, either to the left or to the right. Society will be torn apart. Taking this opportunity, we can spread the gospel and truth to the American people. By the way, we can also recruit scientists and intellectuals in science and engineering to join the alliance."

"We'll be ready."

The Alliance has always been recruiting talents from all over the world. There are definitely spies from various countries among the talents recruited into the Alliance, but that doesn't matter, as long as they are not exposed to the most core secrets.

Sometimes, it is also necessary to develop double agents to provide other countries with some useful information. Usually, various real secrets are used to keep them secret, and then a big one is revealed at a critical moment.

Chapter 812 Financial Innovation

The United States has shown signs of another economic crisis, but for now it still looks prosperous and thriving, thanks in part to Lin Yongchang.

As a time traveler, Lin Yongchang knew a lot of financial innovations, such as "installment payment", which was originally created by him at the instruction of Yan Xishan. Yan Xishan was ordered to introduce advanced economic theories to the United States, and made a lot of money with his American friends.

After the League and the United States fell out, Yan Xishan returned to China with some key personnel, but the League continued to import various financial innovation methods into the United States. This magical trick of packaging non-performing assets into financial derivatives soon became popular in the United States.

Many people made a lot of money from it, the American people lived a better life, industries expanded their production capacity, the government increased tax revenue, everyone benefited, and no one paid the price for it.

But there has never been such a good thing in the world. Financial innovation has reached the point where it has been idling away from the real economy. The more prosperous it is now, the more severe it will explode in the next economic crisis.

There are some things that can be done but not said. Even the Central Standing Committee of the Alliance does not know many things. Lin Yongchang has never thought of revealing the things that helped the American people with financial innovation.

At the meeting, he analyzed the situation the United States is currently facing and the possible changes in the world pattern that it may cause.

"Germany's economy is closely linked to the United States. If an economic crisis breaks out in the United States, Germany will inevitably be affected. Once Germany is in an economic crisis, what will happen next? Will William III of the German Empire take various measures to save the collapsed economy?"

Because of the defeat in the Indian battlefield, William II retired early, and the former Crown Prince William became the new German Emperor, William III. The League also sent a telegram to congratulate the new German Emperor.

Although the alliance's defense against Germany was open, and they had fought a real battle in India, the Human Innovation Alliance still maintained the most basic diplomatic etiquette. Wars were wars, and conflicts were conflicts. There was still a lot of trade between the alliance and Germany.

Germany raised tariffs on many of the Alliance's goods, blocking many of the Alliance's goods from entering Germany, but there were still many things that Germany needed, such as penicillin, which Germany could not manufacture or produce, or oil and various minerals that Germany lacked.

The Alliance viewed the German Empire as a threat, and Germany similarly viewed the Alliance as an imaginary enemy, but this did not prevent the two countries from doing business in peacetime.

"If Germany's economy had problems, William III and the German government would have tried every possible way to save the collapsing economy. However, given the economic laws, what could they do? Exports, investment

With both investment and consumption ruined, the only option left is to expand the military and prepare for war.”

"Chairman, do you mean that the economic crisis will lead to Germany's military expansion and preparation for war?"

"What the Chairman said makes sense. If the Germans fall into an economic crisis, they will inevitably expand their military and prepare for war. The United States may also follow this path."

"Do the United States and Germany want another world war?"

"It's not impossible."

"When the world war ended, some people predicted that it was not the end of the war, but just a 1936-year armistice. By , it was exactly years, and there was a high possibility that a new world war would break out at this time point."

"It could be earlier or later."

"I think it's more likely to be later."

Lin Yongchang also tended to think it would be later. If Germany really wanted to start a world war again, it would definitely be after 1936, not before. However, he had the history of another world as a reference. In this completely different world, there might be some variables. So he asked, "Why?"

"Because Germany doesn't have enough population. No matter how many planes, tanks, and artillery the Germans can produce, they all rely on people to operate them. Germany suffered so many casualties in the world war that even if it didn't lose a generation, it wouldn't make much difference. It will take at least 20 years for a new generation to grow up."

"Well, that's a good reason. But we can't rule out the possibility that the Germans will take risks. But the German army just suffered a defeat in India, so they are unlikely to start a war in the short term."

Lin Yongchang said: "We can seize the time to complete the third five-year plan, and then expand our military and prepare for war. Of course, we can't take it lightly in the next few years, and we must always pay attention to Germany's movements."

The Alliance has always been wary of Germany and has stationed heavy troops in Poland and the Baltic Sea. After so many years, there has been no fighting in Poland, and the commanders and fighters on the front line have become quite lazy.

Wang Qi is already 60 years old and is about to take over as the chairman of the People's Revolutionary League. He will retire after his last term. He hopes to complete the third five-year plan in his last shift, but "wouldn't it be too hasty? What if Germany suddenly attacks us while we are carrying out economic construction?"

"Economic construction does not mean that we will relax our guard. The main purpose of the third five-year plan is to upgrade the industry and build up the military industry to prepare for another possible world war in the future."

"If that's the case, then I have no problem with that."

The Union used two five-year plans to transform itself into the world's leading industrial power, and now it has begun to compile a third five-year plan. After the news spread, it caused heated discussions in many countries.

During the first five-year plan, other countries in the world mostly laughed at it. During the second five-year plan, they were half-believing and half-doubting. By the third five-year plan, experts and scholars were discussing the superiority of "Lin Yongchangism" and what the alliance was trying to achieve by making such a big stride forward.

Are we producing so much steel to go to war with the Martians?

The Alliance has produced many science fiction novels, including one that tells the story of a war between Earthlings and Martians, and it has aroused discussion and attention around the world.

Through telescopes, humans have been able to observe that there is no civilization on the surface of Mars. But this does not prevent the story of Earthlings fighting Martians from being discussed repeatedly.

The Alliance is now the world's largest country and the world's largest industrial power, and is about to launch its third five-year plan. If it is not to fight the Martians, then it is to flatten the entire world.

After much thought, the latter idea is more reliable.

Experts and scholars no longer doubt that the alliance can complete the "Three-Five Plan", but they just don't understand where the alliance will raise so much money.

Chapter 813: Once Again

Where does the money come from? Of course, it comes from collecting taxes, issuing bonds, and printing money.

The RMB is now the most widely circulated currency in the world, with more than 4000 million people using it in an area of more than 8 million square kilometers. In order to meet the needs of so many people, the Central Bank of the Union has continuously issued a lot of RMB. This item alone is enough to cover the initial expenses of the "Third Five-Year Plan".

The Human Innovation Alliance has very high annual expenditures, most of which are invested in factories and infrastructure. Decades of investment have paid off, and the Alliance's current industrial capacity is twice that of the United States, and its annual tax revenue is about 2 times that of the United States.

Even though the alliance's debt has hit record highs, that's not a problem. As long as production capacity continues to increase and as long as people's confidence in the [People's Revolutionary Alliance] is not broken, the alliance's economy will be able to maintain a virtuous cycle.

In terms of chemicals, pharmaceuticals and electronic products, the Alliance is far ahead, leaving countries such as the United States and Germany behind.

After the completion of the second five-year plan, the Central Committee of the Union launched a series of top-secret projects, including penicillin, radar, and computer research and development. Scientific research is a very expensive thing. Without knowing the future, you have to spend a lot of money and time to try every possibility. Most of the money is wasted, and the occasional results are also the result of spending money.

Spending money is fine, but the most important thing is that spending money may not be useful.

It was still dark and I couldn't see the road in the distance clearly.

Under such circumstances, both the country and the company are very cautious about spending money on scientific research. If they are not sure, they will not invest money and waste it. Even the Internet giants of later generations have to tell a good story when they paint a rosy picture for people.

But with the plug-in, things were different. So the Alliance not only developed rapidly economically, but also developed rapidly in science and technology. By the end of 1928, the Alliance had built the world's first electronic computer.

This computer, named "Tiangong No. 1.8", has more than 30 vacuum tubes, weighs more than 5000 tons, and occupies an area as large as two or three classrooms. This large and bulky machine has a computing power of times. Lin Yongchang thinks it is mediocre, but it is considered remarkable in this era.

With the advent of electronic computers, many scientific research projects that require calculations have been accelerated.

After the Tiangong-1 was officially put into use, the Chinese Academy of Sciences began to study the next generation of computers, preparing to replace vacuum tubes with transistors. Compared with vacuum tubes, transistors are smaller in size, consume less energy, and can easily increase computing speed.

Of course, this is something that can only be known from the perspective of a latecomer. In this day and age, who dares to say that this is definitely the case?

At the end of 1928, the Human Innovation Alliance released some specific projects and indicators of the Third Five-Year Plan. In addition to the usual construction of railways and roads, dams and reservoirs, the focus is on the development of the aviation industry. The alliance will build aviation industrial bases along the Volga River, at the foot of the Ural Mountains, and in Lanzhou, Taiyuan, Hefei, Chang'an and Zhenzhou. The scale of the project is very large.

The project disclosed by the alliance is to build a world-class heavy-duty civil passenger aircraft, but if it is just to build a passenger aircraft, such a large investment is definitely not needed.

"According to intelligence from relevant departments, if the People's Revolutionary League completes its third five-year plan, it will be able to produce more than 38000 aircraft per year."

William III has been worried since he took the throne. The Anglo-French alliance is developing very fast, and the People's Revolutionary League is developing even faster. In comparison, the German Empire is like an old broken car, moving slowly on the road with a chugging sound.

"What does the Alliance need so many planes for?"

William III asked his generals, "What do they want to do?"

Chief of the General Staff Hammerstein replied: "Preparing for war."

"...Can we defeat the [People's Revolutionary League]?"

Ekwald von Hammerstein calmly replied again, "Judging from the situation on the Indian battlefield, our army does not have the strength to defeat the People's Army for the time being."