The construction of the submarine transmission cable to be moved from Anga Island to Malaysia is already halfway through. Construction of Australia's submarine cable has begun. The submarine power transmission cable from New Matt District to India has also entered the project preparation stage.
As planned by Jiang Chen, the global power grid plan is advancing smoothly and orderly.
However, due to an accident in Europe, Jiang Chen had to end his trip and return home early. The name South Korea was missing from the list of the first batch of global power grids to join Starring Trading.
But it doesn't matter. Jiang Chen can't travel all over the world for these submarine cables.
When other countries see the benefits of importing electricity from New Zealand, they will naturally come to negotiate.
At that time, it will no longer be a buyer's market, but a complete seller's market.
Promote the electrification of society, significantly reduce industrial electricity costs, improve the energy structure, and reduce the burden of thermal power generation on the environment... These are all visible benefits, and Jiang Chen also believes that most countries will not turn a blind eye to them.
After returning to China, the first thing Jiang Chen did was to convene a new Federal Reserve shareholders' meeting and propose a resolution of far-reaching significance to the new country.
Without any precious metal as a guarantee, the new Federal Reserve announced that it will issue a total of 1.4 trillion Singapore dollars in three installments in February based on the last year's GD data released by the New Zealand Bureau of Statistics, which will be put on the market in batches in the next year. . And within the next five years, the new Federal Reserve will relax restrictions on currency issuance to meet market needs.
Does the market really need it
When Jiang Chen proposed this resolution at the shareholders' meeting, there was an uproar at the meeting.
This is no longer printing money, this is simply opening the floodgates and releasing floods!
The people sitting here are all bankers and capitalists in the new country. Most of them are directly or indirectly supported by the Future People Group. Of course, many of them immigrated from other countries in the Commonwealth. After all, historically, this island was once a British colony.
After hearing the resolution proposed by Jiang Chen, some people immediately stood up and raised objections.
"What a mess! The New Zealand economy has finally stabilized. Now printing more money on such a large scale will undoubtedly cause large-scale devaluation!"
"This is not printing money, it is bubbles!"
"What's the use of printing so much money? I don't see any benefit other than inducing inflation!"
"I have no problem with printing money, but the figure of 14,000 is simply fantastic! The total amount of currency we currently issue is only 17,000 Singapore dollars, and the currency circulation is less than 50 million Singapore dollars—"
"Are you messing around?" Standing in the venue of the New Federal Reserve's shareholders' meeting, Jiang Chen looked around at the New Federal Reserve shareholders present, "Everyone, our currency circulation has reached close to one-third of the total currency. This means What are you looking for? This means we have the strength."
"Bubble? I want to ask you, how much of our GD is a bubble? Among the many businesses of Futureman Group, which one is through real estate or financial speculation, becoming the first of the world's top 500 companies?"
"I want to ask you, of the 90% of the GD I contributed, how much is bubble?"
Such a domineering speech left all New Fed shareholders present speechless.
As Jiang Chen said, 90% of Xinguo's GD is directly related to the two companies of Futureman Group and Xinghuan Trading, while the remaining 10% is basically indirectly related to the man in front of him.
After all, four years ago, people on Pannu Island were still living a life of fishing and counting bananas. Today, more than four years later, they not only built the world's longest undersea tunnel, but even built an elevator into synchronous orbit and established a colony on the distant moon.
It can be said that everything in Xinguo today is because of the man in front of them.
"This is one New Dollar, the currency of our new country." Jiang Chen took out a coin from his pocket, shook it in front of everyone, and slapped it on the table, "In five years at most, it will become The currency of the entire world.”
"Let's start voting directly," Jiang Chen said calmly, and glanced at all the New Fed shareholders present, "Let me see your courage and ambition."
The shareholders of the New Federal Reserve looked at each other and exchanged opinions in low voices.
Jiang Chen sat back in his seat and watched everything quietly.
About ten minutes later, the statistical results came out.
Looking at the numbers on the big screen, Jiang Chen had a smile on his face.
Except for 5 abstentions and 2 objections, almost everyone voted in favor.
The continuous miracles created by the Future Man Group have made the shareholders of the New Federal Reserve almost subconsciously make their own choices.
There's no need to doubt it, is there
…
The large-scale issuance of banknotes did have a certain impact on the exchange rate of the Singapore dollar, but because the newly issued currency was not immediately put on the market, the impact was quite limited. After all, printed banknotes are not meant to be used immediately. They mainly have to enter the market through lending.
However, despite this, the banknotes have been printed and the news has been announced.
In everyone's eyes, passive devaluation of the Singapore dollar seems inevitable
The International Monetary Fund downgraded the credit rating of the Singapore dollar, and central banks of various countries also made certain adjustments to the exchange rates between the Singapore dollar and their national currencies, causing the Singapore dollar's exchange rate to record a large decline in a short period of time.
After the Singapore dollar depreciated for a period of time, Jiang Chen gradually exchanged all the foreign exchange held by Future People Group and Xinghuan Trading into Singapore dollars through the channels of Future People Bank. This includes the profits of major subsidiaries in industries around the world, including contracts signed at the outer space resource development forum.
Even the foreign exchange that had not arrived was sold to the New Federal Reserve by Jiang Chen in the form of a "loan".
Of course, this move was hidden from the eyes of other shareholders of the New Fed, but no one raised any objections. After all, the decline of the Singapore dollar has been determined. At this time, converting the foreign exchange in hand into the Singapore dollar is undoubtedly a high-risk matter in the short term.
Moreover, when the Singapore dollar exchange rate is falling rapidly, the new Federal Reserve also needs a large amount of foreign exchange reserves to stabilize the value of the domestic currency.
Buying when the exchange rate fell meant that Jiang Chen could use a small amount of foreign exchange to exchange for a large amount of paper called Singapore dollars from the hands of the New Federal Reserve.
At this moment, central banks around the world are watching a show to see how the new Federal Reserve will play itself to death, printing a bunch of useless scraps of paper, and destroying their own domestic economies. And they estimate when the companies in the new country will go bankrupt because they can't afford the raw materials at the port, and then go buy these endangered companies.
Just when everyone thought he was crazy.
Star Ring Trading suddenly published a resolution on its official website.
[According to the space resource development regulations promulgated by the new country, in order to facilitate market management and taxation, Starlink Trading held an internal meeting and decided: Contracts that have been signed will not be affected, including space elevator freight, cargo import and export settlement, etc. from today business, the use of foreign currencies for settlement will cease, and the Singapore dollar will be the only currency for space resource transactions...]
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(Monthly tickets are doubled on the last day. Brothers who still have tickets, don’t forget to vote~) (.)