"Will it work?" The Consul turned around and looked at his advisors.
The two advisors looked at each other and nodded. "It should work."
"Alright, continue." The Consul said to Jiang Fei.
"After that, we will print more currency to dilute the debt!" Jiang Fei said.
"Print more currency?" The Consul hesitated for a moment.
"No. Right now, everyone's debt is enough to make them unable to recover in a few lifetimes. This is definitely not going to work. Only by issuing a large amount of currency can we dilute the debt and let them breathe a sigh of relief." Jiang Fei said.
"What do you guys think?" The Consul turned around and looked at the others.
After all, issuing more currency meant diluting the wealth. These people were all tycoons, so the main thing that would be diluted was their assets.
"No!"
"This is robbery!"
…
Several high-ranking officials and tycoons refused.
"If you guys don't agree with this, then there is no possibility of continuing the discussion. You can either adopt the first option and directly abolish the debt, or you can print more currency to dilute the debt. Currently, if you want to maintain social stability, there are only these two options." Jiang Fei said.
"Why do we have to suffer no matter what?" One of the tycoons shouted.
"Hmph! Short-sighted! What do you mean by letting you suffer? How do you earn your money? Isn't it because of this stable society and the relationship between you guys and the government? If the political situation is unstable and the society is unstable, do you think that you still have money in your hands? When that time comes, I'm afraid that you won't be able to get rid of it even if you want to! "Jiang Fei sneered.
"But …" One of the tycoons still wanted to argue, but was rudely interrupted by Jiang Fei.
"No buts! So you guys can follow the Consul and live a comfortable life, but can't you help the Consul a little? "Jiang Fei directly put a big hat on them.
"This …" The tycoons did not dare to say anything else. If they continued to argue, they would be going against the Consul.
"Ralph, other than these two options, are there no other ideas?" The Consul tried to smooth things over.
"Sir, I am not knowledgeable. I can only think of these two options. If you or the others have a better idea, I am willing to cooperate fully." Jiang Fei said.
"This …" The Consul glanced at everyone. Those people didn't dare to meet the Consul's gaze because they didn't have the slightest idea.
"Sir, it's best not to drag this matter out. The longer we drag it out, the more damage it will cause to the market," Jiang Fei said.
"Hmm …" The Consul fell silent. Neither of these plans were good because they would hurt the interests of the higher-ups.
However, in comparison, the first plan was obviously impossible to implement, because in that case, the Consul would lose the support of all the higher-ups, and his own interests would also suffer a great loss. Therefore, in comparison, although the second plan would also have to pay a price, it was still acceptable.
"Since that's the case, let's go with the second plan." The Consul finally made the decision. However, he did not expect Jiang Fei to continue to dig a big hole for him in this plan.
If the Consul adopted the first plan, many of Jiang Fei's plans would probably fail. However, Jiang Fei was also sure that the Consul and the higher-ups would not make such a choice, so all his plans were based on the second plan.
After getting the Consul's approval, Jiang Fei's plan began to be implemented. First, all the banks that could no longer continue to operate with bad debts were taken under public ownership. Then, a large amount of currency was issued.
After the currency was issued, it was put into the market in the form of increasing salaries. Very soon, those who had salaries were no longer worried. Because of the increase in salaries, the pressure on their debts was not as great as before. Although they had become penniless after the crisis, at least they could survive.
However, more people did not benefit from this. This was because they had already quit their jobs and focused on speculating in Moon Crystal Crafts and futures. Therefore, it was naturally impossible for them to have any income without a job. Therefore, the newly added currency benefits would not be available to them.
In despair, many of these people jumped off buildings. There were also many people who lived on the streets with their families, living precarious lives.
As the currency was gradually issued, more and more people enjoyed the benefits. Those who did not enjoy the first wave of currency benefits also benefited from the increased amount of currency in the market. Their debt crisis was reduced, but at the same time, another crisis broke out.
Although the issuance of currency diluted the debt, it also caused extremely serious inflation. Things that were originally worth one dollar now cost dozens or even hundreds of dollars. Moreover, the trend was getting worse and worse.
This time, when Jiang Fei issued the currency, he did not deliberately limit the amount of currency. Therefore, the excessive issuance of currency was extremely serious. Especially after the officials saw that the issuance of currency could indeed reduce the debt crisis, they increased the amount of currency issued, thus robbing the people of what little wealth they had left.
"It's about time, Lina!" Jiang Fei's lips curled up into a smile.
Almost the second day after Jiang Fei smiled, Lina opened the first brocade pouch that Jiang Fei gave her. This brocade pouch was labeled — Open when the currency depreciates to 1% of its previous value!
"He's so accurate!" Lina exclaimed as she opened the brocade pouch. Jiang Fei's ability to predict the future was amazing.
"Encourage everyone to give up on the bank-issued currency and use Moon Crystals for transactions!" The content of the note was very simple.
"Is that so?" Lina was skeptical. Although she did not understand Jiang Fei's intentions, she knew that there must be a reason behind it. Therefore, after reading the brocade pouch, Lina began to take action.
During this period of time, Lina had established herself in the Slums. She had recruited a large number of small gangsters. These people used to be gangsters, but they started to speculate in Moon Crystal futures. Now that the futures had been abolished, they had all gone bankrupt. Unable to find a way to survive, the gangsters had no choice but to go back to their old ways.
Lina had money and guns. She was ruthless and had management experience. Therefore, she quickly became the leader of these gangsters.
"Go, when you collect protection fees, don't use those garbage notes anymore. Use Moon Crystals! Also, when you buy or sell things in the future, use this as payment, "Lina said to her gangsters.
"Big sister, isn't the Moon Crystal useless? Why do we need it? "One of the gangsters asked.
"Just do what I tell you to do? Why are you asking so many questions? Do you understand what I'm saying? " Lina rolled her eyes. Actually, she did not know the reason. However, since Jiang Fei had asked her to do it, there must be a reason.
Browse to read:
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
