Chapter 474 Issue Currency
In the early morning of the next day, there was a long line in front of the bank in the sixth block.
Under the supervision of the soldiers, people handed in the crystals in their hands one after another and replaced them with a piece of paper with a special identification code printed on them, and some of them came out empty-handed.
The government is stealing money?
Obviously not, the people in the Sixth Street District are tough, and all the survivors are masters with guns. And judging from the people's scrambling expressions, they obviously squeezed their heads in, for fear that the bankers would not accept their sub crystals. And those soldiers, in particular, seemed to be coercing people, rather they seemed to be maintaining the order of the queue.
As for why this is so, we have to start with a bill announced yesterday.
In order to change the current price chaos in the Sixth Street market, the government will publicly issue a currency called "credit points" through the Sixth Street Bank. It is not backed by any precious metal, but its value is backed by government credit.
At the same time, any commodity that is defined as a special offer can only be traded with credits. These products are all products produced by its own factories. Such as food, such as industrial kamm resin, rough processed steel, aluminum, arms, etc., almost covering all the basic fields of production and life.
A pound of rice is 5 credits, a piece of compressed biscuit is 2 credits, a pound of flour is 8 credits... Although the prices of these commodities have doubled compared to a month ago, but in terms of the current chaotic market, this price is undoubtedly It's a lot of conscience.
2 sub-crystals can be exchanged for 1 credit point at the bank, and a 10% commodity tax is required to convert the credit points back to sub-crystals. In mid-September, the Sixth Street Bank is expected to issue 5 million credit points, and the government promises to provide 500 tons of rice, 100 tons of flour, and 100,000 compressed biscuits to the market in the spring of next year.
The management right of the food trade in Wanghai City was also withdrawn from the Zhao Group, and controlled by the market set up by the government at the west gate of the sixth street.
Regarding the issuance of credit points, after a detailed discussion, Chu Nan and Jiang Chen came up with a set of specific plans.
The denominations of credit point banknotes are 1, 5, 10, 100. Circulation totaled 3 million. The circulation of virtual currency is 5 million, which is recorded in the personal DNA code and can be transferred and paid through the EP implanted with the "credit point transaction chip". All data is stored in the bank database, and virtual transactions can only be carried out in ruled areas where information transfer stations have been set up.
Salaries of employees in military zones. It is also changed from sub-crystal to credit point issuance to prevent sub-crystal from degrading to cause shrinking impact on employees' property.
The distribution of credits has been widely supported by merchants in Sixth Street.
These merchants are sensible people,
Only a stable order can make their assets steadily increase in value, and they will not be devalued overnight.
For merchants who support larger deposits. Jiang Chen opened a dedicated channel to them, released a total of 8 million credit points, and recovered the backlog of sub-crystals that were gradually depreciating in their hands. The specially issued credit points are stored in the bank accounts of major merchants, and it is stipulated that before November this year, 90% of the credit points exchanged through special channels shall not enter the market for trading. Unfreeze 50% after November, and unfreeze 100% in January next year. In this way, it prevents a large amount of currency from entering the market to interfere with prices.
The introduction of credit points marks the end of the era of barter within Wanghai City.
The sub-crystal point measuring instruments that can be seen everywhere in the streets and alleys will gradually become a history that is only cherished by people. After having credit points, people will trade more through EP. Just like how people pay with their mobile phones in the 21st century.
Not only that, Jiang Chen also intends to push the "standard" further.
Use the invisible lever of the economy to leverage the resources of the entire wasteland. Just like in a certain world, the US dollar hijacks the world economy through oil and gold. The credits will use the prosperity and food stocks of the sixth block to kidnap the commodity trade of the entire wasteland!
Its specific manifestation is that the Zhao Group, which is in charge of food trade, took the lead in changing the original sub-crystal trading strategy, using the issued credits as commodities for settlement, and using sub-crystals as a kind of commodity, no longer as an equivalent for transactions.
Although the survivor settlements in the provinces have no concept of credit points and banknotes, it is believed that with the passage of time. More and more merchants are moving from the Sixth Street to other provinces, and this currency will one day become the mainstream of the world.
...
With the introduction of credit points, the government's inventory can be regarded as a backlog of sub-crystals. After some counting, Wang Qing placed a statistical report on Jiang Chen's desk.
[Credit point circulation: 16 million. Sub-crystal recovery: 38 million]
"It's no wonder countries like to print money, it's much faster than tax collection." Jiang Chen couldn't help but secretly gasp.
The three-day currency issuance alone has filled the national treasury with 38 million subcrystals, which can almost exceed a year's food trade income.
"But we also issued 16 million credit points. Rather than saying that the money is ours, it might be better to say that we borrowed it from the market." Out of concern that Jiang Chen would wantonly print money. Wang Qing reminded, "If we can't come up with matching products next spring, we may face credit bankruptcy."
But her worries were obviously unnecessary, Jiang Chen was well aware of the dangers of inflation. As for why, this is a personal experience...
"Don't worry." Jiang Chen said with a smile, "The currency circulates in the market, and only a small part of it will be cashed back into commodities, and more will be circulated in the market. We only need to prove that our food supply is sufficient, and there is no need to pay for it." I’m worried about the run. This sub-crystal is not so much a loan from the market to us, but rather a ‘protection fee’ given to us by the market.”
It is not so much food and industrial capacity that backs the currency as the credit of the government.
It's as if precious metals are the guarantee of banknotes in the 21st century, but few people will take bundles of banknotes to the bank for precious metals. When people believe in the stability of the country, people are more inclined to hold its currency.
The government controls the market supply of grain products and currency issuance, so there is no need to worry about the currency getting out of control.
Issuing credit points is only part of it. Next, Jiang Chen plans to issue loans totaling 10 million credit points to merchants in the Sixth Street District through the bank to encourage the factory to expand its production capacity.
Now that the zombies and alien species in the West District have been completely wiped out, and the zombies and alien species in the East District are also in the crusade plan, the situation around the sixth block is unprecedentedly relaxed, and it is a good time to expand outward!
After Wang Qing went down, Han Junhua quickly walked into the office again.
Regarding her reason for coming, Jiang Chen could guess without asking.
The time has come to mid-September, and the strategy plan for the city center is about to start.
"The City Center Raiders plan to mobilize part of the First Corps and the Third Corps. A total of 3,000 people participated in the combat, dispatching 41 power armors, 400 mechanical exoskeletons, 9 hunting tigers, and 40 assaulter infantry vehicles. Here is the battle Plan." Saying that, Han Junhua neatly placed the tablet in his hand on Jiang Chen's table.
The holographic projection unfolded, outlining a panoramic map of Wanghai City.
The First Corps set out from Qingpu, attacked the open space near Qingpu Airport, and then used this as an inflection point to attack the downtown area. The Second Corps started from Camp 27 and attacked the city center from the west.
At the same time, the rocket positions at the Fishbone base will provide full fire support to the battlefield.
Without hesitation, Jiang Chen pressed his fingerprint on the screen.
"Battle begins!" (to be continued.) () "I Have a Suite in the End Times" only represents the author's opinion of Chen Xing LL. If you find any content that violates the laws of the country, please delete it. To provide a healthy and green reading platform. 【】,thank you all!