The small actions behind him did not turn into a large-scale incident. Judging from the report submitted by Phoenix Bank, there are some talents in Hongxinzi Bank who are actually capable of artificially creating short-term deflation.
When Wang Qi was in school, he heard from his classmates in the Department of Economics that economics is actually a metaphysics. Its original intention is to summarize the laws of social economy and is of the same type as social statistics. However, it turns into predicting the future. , and the prediction success rate is only 52%, which is almost the same as the success rate of throwing a coin.
This knowledge made Wang Qi somewhat resistant to economic theory. He had never come across this genre during his travels, and of course there were no relevant books published.
Hongxinzi Bank's ability to spontaneously understand and promote changes in the regional currency stock can definitely be regarded as a gift.
The whole incident is that outsiders want to cause the purchasing power of Phoenix Coin to fluctuate through a run. If they don't care, they will probably be followed by rumors and other means.
It's a pity that the method is too rudimentary. Even if Hongxinzi Bank doesn't add fuel to the fire, nothing will happen.
Wang Qi positioned the Phoenix Coin as an anchor for iron prices. In theory, for every kilogram of iron produced, one Phoenix Coin would be assigned a value. However, the actual currency in circulation, including deposits in banks, added up to less than five yuan. Ten million, only accounts for half of the total iron production, and a large part of it is sent out through the exchange of gold coins for financing.
This statement may be a bit vague, but to be clear, as long as one yuan of Phoenix coins can buy one kilogram of iron, the overall price fluctuation level will not be too great.
It seems that iron has nothing to do with people's daily necessities. In fact, this anchoring system is the same as gold currency, except that the anchor becomes iron. Wang Qi has other arrangements for gold.
Gold is a material with extremely advantageous physical properties.
Substances that can corrode gold cannot exist stably in nature, such as aqua regia, elemental mercury, etc.
Secondly, gold does not naturally oxidize. Many people will be exposed to the wrong information given by half-hearted people because of the discoloration of gold jewelry. Most of the discoloration of gold jewelry is caused by external stains and alloy components, which has nothing to do with oxidation. It doesn't matter.
Oxidized gold is a substance that dies when exposed to light and will naturally decompose into oxygen and gold. The gold in most gold mines is pure gold, which is the so-called gold vein. Gold smelting is also a process of separating stones.
The extremely high chemical stability and the absence of natural oxidation make gold very suitable as contacts between different electrical devices. Gold fingers are one of the applications of gold as contacts, and many industrial switches use gold plating.
In addition, gold has extremely strong ductility. Theoretically, ultra-pure gold can be stretched to a translucent state (at this time, it will be a yellow-green film), or one gram of gold can be stretched to several kilometers long, and superimposed with other properties to make it have Very good prospects for industrial applications.
The summary report given by the institute also shows that gold has strong magic resistance.
Unfortunately, the price positioning caused by its scarcity makes its application cost too high and its future is worrying.
By lowering the price of gold, we can have better industrial prospects. This has already been done after the cave gold mine was produced. However, if it needs to affect a large enough area, the current population is far from being able to support it.
The price of gold is related to its scarcity. However, in this era of closed information, people do not have much awareness of the overall scarcity of gold. On the contrary, because gold elemental minerals are easy to mine and have been used for a long time, considering the impact of oxidation and other preservation conditions, its stock has been reduced. It may be a bit larger relative to silver, which leaves room for manipulation.
There was a success story about diamonds in his previous life, and Wang Qi also planned to make up a story to help stabilize the low price of gold.
However, it is not the time yet, and the relevant alloys have not been produced yet. We are just tossing around and trying to stabilize the gold price between five and six yuan per gram.
This price is equivalent to the price of gold shrinking by half, which is still 5,000 times the price of iron. A change without an order of magnitude is far from being called a price reduction.
One yuan of Phoenix Coin can buy finished scones, which can kill two adults of average size in a short time. The purchasing power of five yuan is not low, and with the difference between industrial scissors priced in iron, outsiders will not think that five yuan is worth it. There is nothing wrong with a gram, and they are even very happy. As long as you give them a small price difference between gold coins and gold, they will take the initiative to melt the gold coins.
The gold coins outside were being financed, and the market still needed cash. This was an opportunity for the Phoenix Coin. However, Wang Qi did not intend to be attacked from both sides by the Orc Empire in the southwest, which would cause a certain regional impact and gain space for the Phoenix Coin, so he suspended the price difference. run.
Just because of this run, it is necessary to temporarily increase the price of gold to six yuan, and use this method to replace the currency issuance.
Only when I became a leader did I realize how troublesome it is to issue coins.
It is easier to issue currency in the information age. Mom sets a reserve ratio, and lower-level banks can use this ratio to achieve currency increment through cyclical lending.
For example, A deposits 100 yuan, deducts the reserve ratio, and lends the rest to B. The money is circulated and turned into dispersed deposits and returned to the bank. The reserve is deducted and then loaned. According to a student from the economics department, the initial deposit can reach 8 yuan in the end. times the amount of money in circulation.
This mechanism also makes the total amount of currency in circulation in the market directly controlled by the reserve ratio. Changes in the reserve ratio may increase or destroy currency.
But it is not a perfect solution. Reliance on the lending function of banks has made the financial industry very popular, and people who want to use big money have to take out loans. The development speed of entity enterprises that do not want to borrow money obviously cannot keep up with those that are willing to take debt. Gradually, all enterprises are burdened with debt. They are not so much entity enterprises as bubble enterprises. Once the debt bubble bursts, a pile of mess will be left. Some can still find their next victim, while others can only wait for the city to decline.
The lending method under Wang Qi is relatively retro. Like the ancient dynasties, it mainly lends money through large-scale construction and procurement of official departments. There are many pitfalls in this, and it is especially easy to breed corruption.
So he came up with a loan method based on fluctuations in gold prices, and eliminated the "only lending channel" attribute of official engineering and procurement. Without the "only" as a talisman, the value of some people's heads plummeted, and they would think more about the consequences when doing things. .
Let’s test the waters in an overseas city like Blackwater City. Put a few million first to see the effect.
Domestic banks will not operate simultaneously in this loan because of the domestic limited redemption policy. Even if someone discovers the price difference, the trip will be in vain when the reservation period is over.
In short, Wang Qi doesn't know much about economics. As long as there is enough money in the market and prices are stable, he will not take the initiative to mess with it.
His main focus is still on the northern strategy, and he is now promoting a reserve system.
The garrison couldn't move, so they added a group of new soldiers. Nearly half of them were still in the training period, so it was the city guards who suffered.
Earlier, the service period given to the troops was five years, but at that time, we did not know when we would come into contact with the enemy, or even who the enemy was.
Now that a stable world channel has appeared in the north, it is expected that the situation will not be too far away from deteriorating further. Under the premise that the population is not enough to support a larger proportion of military power, the reserve system has become a breakthrough.
It is limited to a three-year period, and some of the City Guards who have served within this time limit will be reorganized and demobilized in company units.
Reorganization and demobilization means that the company commanders, including the company commanders, are retired together, and when the war requires recall, they are also returned to active duty. The company commanders are still the company commanders, and those who are in charge of the food are still in charge of the food. They will not be allowed to carry guns, so that they can be more Quickly restore combat effectiveness.
Converting to reserve force doesn't mean that you just don't care about it, there is still an annual training system waiting for you.
In this regard, we have to learn from the country that had the largest military expenditure in the world before time travel. Regardless of the total training time, the annual training time is extended to two months. This length of time is enough for the soldiers to adapt to the equipment updates of the City Guards. The specific reserve years must be examined year by year to determine the changes in physical fitness over time.
Most companies are definitely not willing to do two months of training every year, but there are ways. If government-owned companies really can't handle it, they can implement certain tax exemptions for registered companies. At the same time, during the training period, the official finance will pay half of the daily salary. The company has three responsibilities. to 50%, the specific fluctuation will be determined according to the company's operating conditions.
The 50% salary subsidy during the training period is absolutely unprecedented, and the resistance to promotion is much smaller.
It is estimated that it will take three months to complete the replacement of half of the city guards, which is equivalent to a 50% increase in the size of the city guards. However, it only involves the Royal City and Nanzhen City Guards who have sufficient service years. The ones outside have just been replaced by locals and are still new recruits. In fact, there are less than 2,000 more people.
