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The Ring That Defies The Heavens (Web Novel) - Chapter 2949: The First silk bag
Chapter 2949: The First silk bag
This chapter is updated by NovelFree.ml
Translator: 549690339
“Is it possible?”The consul turned around and looked at his staff.
The two staff looked at each other and then nodded. “It should be possible.”
“Okay, you continue,”the consul said to Jiang Fei.
“Next is to print more money to dilute the debt!”Jiang Fei said.
“Print more money?”The consul hesitated for a moment.
“No, everyone’s debt is enough to make them unable to turn over a new leaf for the rest of their lives. This is definitely not going to work. Only by issuing more money can we dilute the debt and give them a breather,”Jiang Fei said.
“What do you think?”The magistrate turned to look at the others.
After all, issuing more money meant diluting their wealth. These people were all tycoons, so the main thing that was diluted was their assets.
“No!”
“This is robbery!”
..
A few high-ranking officials and wealthy men refused.
“If you do not agree to this, then there is no possibility of continuing the discussion. Either we adopt the first plan and directly abolish the debt, or we print more money and dilute the debt. At the moment, if we want to maintain social stability, these are the only two options,”said Jiang Fei.
“Why are we always at a disadvantage?”A wealthy man shouted.
“HMPH! Short-sighted! What do you mean by making you suffer? How did you earn your money? Didn’t you rely on this stable society and the relationship between the government and you? If the political situation is unstable and society is uneasy, do you think that what you have in your hands is still wealth? When the time comes, you might not even be able to throw it away!”Jiang Fei laughed coldly.
“But…”a rich man was still trying to argue, but Jiang Fei rudely interrupted him.
“There’s no buts! So, you can enjoy your life with the Archon. Can’t you help the Archon share some of his worries?”Jiang Fei directly slapped him with a big hat.
“This…”the rich men did not dare to continue arguing because if they continued to argue, they would be going against the Archon.
“Ralph, don’t tell me that other than these two methods, you don’t have any other ideas?”The archon tried to smooth things over.
“Sir, I’m inexperienced. I can only think of these two methods. If you or they have a better idea, I’m willing to cooperate fully,”Jiang Fei said.
“This…”the magistrate looked at everyone. None of them dared to meet the magistrate’s eyes because they had no idea what to do.
“My Lord, it is best not to delay this matter. The longer it drags on, the greater the damage to the market,”said Jiang Fei.
“HMM…”the magistrate fell silent. These two plans were not considered good because they would hurt the interests of the higher-ups.
However, in comparison, the first plan was obviously impossible to implement. Because if that happened, the magistrate would lose the support of all the higher-ups. Moreover, his own interests would also suffer a great loss. Therefore, in comparison.., although the second plan would also pay a price, it was still acceptable.
“In that case, let’s adopt the second plan,”the magistrate finally decided. However, he did not expect Jiang Fei to continue to dig a big hole for him in this plan.
If the magistrate had gone with the first plan, many of Jiang Fei’s plans might have failed. However, Jiang Fei was certain that the magistrate and the higher-ups would not make such a choice, therefore, all his plans were aimed at the second plan.
After obtaining the consent of the magistrate, Jiang Fei’s plan began to be implemented. First, all the banks that could not continue to operate were taken over by the public. Then, there was a large amount of additional currency.
After the additional currency was issued, it was put on the market in the form of higher wages. Soon, the people with wages were no longer worried. Because of the increase in wages, the pressure on their debts was not as great as before, although they had become penniless after experiencing the crisis, they could at least survive.
However, more people did not benefit because they had already quit their jobs and focused on trading moon crystal crafts and futures. Therefore, without a job, it was naturally impossible for them to have any income, as a result, the newly added monetary benefits were no longer available to them.
In their despair, many people jumped off buildings. There were also many people who brought their families to the streets and led precarious lives.
With the gradual increase in the issuance of money, more and more people enjoyed benefits. Those who did not enjoy the first wave of monetary benefits also benefited from the increased appreciation of money in the market. Their debt crisis was alleviated, however, another crisis broke out.
Although the increase in currency diluted the debt, it also caused an extremely serious inflation. Things that used to cost one yuan now required tens or even hundreds of yuan to be bought, moreover, this trend was getting more and more serious.
This time, when Jiang Fei issued more money, he did not deliberately restrict it. As a result, the excess issuance of currency was extremely serious, especially after the officials saw that the increase in currency could indeed alleviate the debt crisis, they even increased the amount of money that could be issued. As a result, they robbed the people of the little wealth that they had.
“It’s about time. It’s time for Lina to make her move!”Jiang Fei’s lips curled into a smile.
It was almost the second day after Jiang Fei smiled. Lina opened the first silk bag that Jiang Fei gave her. The label on the Silk Bag was — when the value of the currency had depreciated to 1% of the previous value!
“His calculations are really accurate!”Lina exclaimed as she opened the silk purse.
“Encourage everyone to give up the currency issued by the bank and return to using the Moon Spirit Crystal to trade!”The content of the note was very simple.
“Is that so?”Lina was skeptical. Although she did not understand Jiang Fei’s intention, she knew that there must be a purpose. Therefore, after reading the silk purse, Lina began to take action.
During this period of time, Lina had already taken root in the slums. She had recruited a large number of small hooligans. These people were previously hooligans. However, they had started to speculate on the futures of the Moon Spirit Crystal. Now, the futures were ruined, they had also gone bankrupt. The hooligans who could not find a way to make a living had no choice but to return to their old jobs.
Lina had money and guns. She was ruthless and had management experience. Therefore, she quickly became the leader of these hooligans.
“F*ck, when you guys collect protection fees again, don’t bother with those rubbish notes. Collect the Moon Crystals for me! In the future, when you buy and sell things, you will also use this to pay for them,”Lina said to her hooligans.
“Big Sister, aren’t the Moon Crystals useless? Why do you need that?”asked one of the hooligans.
“Do what I tell you to do? Why do you ask so many questions? You will understand after I tell you?”Lina rolled her eyes. Actually, she did not know the reason. However, since Jiang Fei had asked her to do so, he must have had a reason.
