The technological flood of rebirth

Chapter 762: Conception of the future international currency

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He has no plans to hand over the artificial intelligence technology used by the driverless taxi to Shenlong Automobile Company, which means that the driverless technology used outside will still use the same technology from Fanxing Software Company.

The first thing to do is that the artificial intelligence technology in the hands of Xuantian Technology Company is much more advanced than the artificial intelligence technology systems outside. It is currently an exclusive technology, and its diffusion may cause other problems.

This is why Xuantian Technology Company only has a small number of staff members, and they are not core technical staff, but are some auxiliary staff. This is because Xuantian Technology Company has a much higher level of technology than outsiders.

If these technologies were left outside, although it would not cause his company to collapse, it would cause him a lot of trouble and keep him busy for a long time.

So in order to avoid this kind of trouble, what he needs is to maintain the stability of the current technology system. Although Xuantian Technology Company's technology is advanced, he can completely control whether the technology spreads.

This cannot be done in other companies. Once an employee leaves or is poached, it is very likely that technical secrets will be leaked, and the probability of this happening will be very high.

The reason why this has not happened yet is that the people in the country are still relatively simple-minded, and the company treats them well, so it is difficult to betray the company, but no one can tell what the future will be like.

On the other hand, strict confidentiality measures play a role. Even if one or two people are poached, it will be difficult to copy the same product. Even if the principles are known, many things cannot be produced.

In fact, even if the technical secrets of these companies are discovered and cracked by others, they will only lose a little economic benefit, which is not a big deal to him.

However, many of the technologies Xuantian Technology Company possesses are of strategic significance and are different from ordinary high-tech technologies. This is the key difference between Xuantian Technology Company and other companies.

For example, if their artificial intelligence technology is leaked, other countries may master it soon. This will not only harm economic interests, but also cause the world to become chaotic.

The second is to maintain the current social system and avoid excessive economic turbulence. Now our country has passed the stage of desperately catching up and is in a leading position in all aspects.

At this stage, the primary goal is stable development. Overly radical technological innovation may be counterproductive, because technological innovation often means bringing a certain amount of turbulence. If it is too drastic, it will cause more problems.

Although Xuantian Technology Company will also apply these high-end technologies, it will control them within a moderate range and try to avoid causing a serious blow to the existing technology system.

In order to achieve such control, this is also the reason why Xuantian Technology Company does not want to recruit so many employees, because when there are more employees in a company, many things may be out of control.

Because every employee has his or her own interests, even as the president of a company, it is sometimes difficult to control this trend. It would be better not to recruit so many employees.

After the robot factory is completed and put into production, existing employees are likely to be laid off or transferred to other companies, so that there will be no employees left and all will be replaced by robots.

The most critical aspect of driverless taxis is naturally artificial intelligence technology. Other technologies are actually not that high-end. His companies all have corresponding technologies and products.

So what he needs to consider is whether to produce unmanned taxis by himself or to hand them over to Shenlong Automobile Company. There must be a reason why he is struggling with this issue.

At present, Shenlong Automobile Company can be said to be the dominant player in the domestic automobile manufacturing field. It is also firmly established in the overseas automobile market and its power has been consolidated.

Whether this situation is good or bad cannot be judged yet, but he feels that it is not necessarily a good thing if this situation lasts for a long time. He feels that it is still very necessary to take some necessary measures.

Xuantian Technology Company is involved in automobile manufacturing, not to compete for the market with Shenlong Automobile Company, but to give Shenlong Automobile Company a certain degree of pressure, so that they must have a certain sense of crisis and not be immersed in the existing brilliant achievements.

Xuantian Technology Company's existence and the level of technology it masters are known to all its companies. If Xuantian Technology Company is forced to compete with them head-on, it means they will lose completely.

The opening of head-on competition means that the boss is very dissatisfied with their development and hopes to use external pressure to prompt them to improve themselves. Otherwise, it means that the market will be severely squeezed.

Just rebuilding the automobile manufacturing industry will definitely cost more, but the total demand for rentals nationwide is not that high. It is estimated that only 3 million vehicles are needed to meet the current demand.

The operating life of taxis can reach 15 years. On average, the annual demand is only 200,000 units. The scale is very small. When divided equally, the manufacturing cost of a single vehicle is higher.

Even if passenger demand increases due to lower rental fees, he thinks there should be about 5 million vehicles in the country. At present, our country's population is not as large as in the previous life.

In this case, it will be enough to maintain an annual output of more than 300,000 vehicles, and it will also facilitate the replacement of manned taxis as soon as possible in the early stage and form a certain scale.

However, the taxis manufactured by Xuantian Technology Company are not taxi products on the market. Unmanned taxis mean that there are no drivers. Many problems that occur in ordinary taxis will be difficult for unmanned taxis to deal with.

For example, in bad weather conditions, if an accident occurs in a driverless taxi, it will be difficult to deal with it in time. If it is an ordinary taxi, it will take the initiative to take corresponding measures to reduce the probability of accidents, or take timely measures if problems arise.

In order to make unmanned taxis as widely applicable as possible and reduce failure rates and operational obstacles caused by special weather, roads and other problems, many things require unique designs.

It can even be said to be very different from existing car designs. For example, the tires may not use ordinary rubber tires, or even the current wheel design.

In short, it is still very different from the existing automobile system, and it is not even ruled out that new technologies will be applied to make driverless driving safer, more convenient and more comfortable.

Based on this thinking, he already has the answer, which is to leave this business to Xuantian Technology Company. The annual output can be controlled at about 300,000 vehicles, which will not have a big impact on the existing automobile manufacturing industry. impact.

In fact, in addition to unmanned taxis, unmanned buses can also be produced, but he doesn't know whether it is feasible to launch such a product, because there are too many people on the bus, and the probability of problems is greater.

In fact, as long as there are enough driverless taxis, the demand for buses will be reduced a lot. Compared with buses, driverless taxis will definitely be much more comfortable.

As long as the price of unmanned taxis is not very expensive, coupled with the increasing income of the people, the willingness to use unmanned taxis will definitely be much higher than that of buses.

Therefore, he thinks that autonomous buses should look back. If autonomous taxis achieve great success, the demand for buses will drop sharply, and they will probably only run on very remote routes.

After the annual meeting, the tasks before the Spring Festival have been successfully completed. Other important things may not happen until after the Spring Festival, which can make this Spring Festival relatively peaceful.

After chatting with Lin Hexia for a while, Zhao Yi returned to his studio and started a video conference with Peter, mainly to hear about their global financial layout.

Now that it has been determined that rb's financial crisis will sweep the world, it is naturally impossible to lose opportunities in vain. In addition to rb's financial layout, it also needs to carry out financial layout around the world.

After the financial crisis, the first thing to suffer was the stock and bond markets around the world, and Sunflower Investment Company's investments in various stock and bond markets around the world are equally large.

Especially after Black Monday in 1987, not only did they make a huge profit, but it also greatly increased their share of the global stock and bond markets.

Before the financial crisis occurs, they first need to sell these securities in their hands, on the one hand, to prevent the value from shrinking due to the financial crisis.

On the other hand, the remaining capital of major capitals will be directed to the financial market, consuming their cash reserves, so that their ability to deal with risks will be further weakened.

In any financial crisis, cash is king, because when a crisis comes, such securities can easily shrink, and it is more difficult to cash out.

The second is to short the stock and bond markets in various financial markets around the world. As for the foreign exchange market, they have not done so, because this market is more affected by policies than the stock market.

After the financial crisis in the stock market, even if some policies are introduced, it will be difficult to change the situation. It is just a matter of strength and weakness, and the trend will not change.

Therefore, short selling in these two financial fields is much less risky. Unless it is specifically targeting a certain country in the foreign exchange market, it is best not to do so.

Although it is really easy for Sunflower Investment Company to target the foreign exchange market of a certain country with the amount of funds they have in hand, they will not do this kind of thing to stand out.

Unless there is a certain financial giant who takes the lead, they follow behind to secretly make a fortune and let others bear the infamy. They only need to get benefits. As for fame, they don't need it.

In addition to the layout of the global financial crisis that originated from the Japanese financial crisis, there is also the financial layout of the northern neighbor. The chess pieces he arranged there have already begun to move.

It won't be long before financial policies based on his wishes are likely to be introduced, so Sunflower Investment Company must be fully prepared to reap all the benefits.

At the current size of Sunflower Investment Company, they are already able to live alone. Although they may face great pressure, they don't care much now, because after the global financial crisis, global capital will face the fate of being harvested.

Moreover, they have been crisscrossing the world for so many years. Not only do they have a lot of money, but they have also compiled an intricate network of relationships. They are also very secretive and cannot be seen at all on the surface.

Sunflower Investment Company is just a general name he mentioned. In fact, their tentacles have spread all over the world, and they only have no layout in China.

First, the country is under financial control, leaving little room for capital operations. The so-called stock market is also very small, and there is simply no room for big fish to swim in it.

Second, domestic assets are relatively stable, and most of them belong to him. Most of the rest are state-owned enterprises. It is impossible to rely on financial advantages to purchase assets on a large scale.

Of course, domestic private capital still very much welcomes foreign investors, and a lot of private capital has received foreign investment. However, private capital is currently not large, and the scale of investment it can accommodate is not high.

And he is also quite repulsive about this. Domestic private enterprises with some strength are basically taken over by his companies first, and they are either fully acquired or hold a large number of shares.

The companies that can be left to foreign capital are actually weak companies with little investment value. Even so, they will become a thorn in the side of his companies because of their acceptance of foreign investment.

If his companies want to target a certain company, they don't need to rely on power to suppress it. That seems very low-level. They can directly kill the other party by relying on their technical and market advantages.

It is also because of this that many foreign capitals that invested in the country suffered heavy losses. Over time, they became less willing to invest in the country.

In fact, the country as a whole does not lack capital and does not need foreign investment, but it lacks powerful industries. This is the fundamental reason why it is difficult for some private capital to develop.

If a private enterprise is really strong, then both its capital and state-owned capital will be willing to invest, and there will still be many investment channels.

And he doesn’t think that the more foreign capital comes in, the better. Capital is not for charity. They come in to get excess returns. If there is no big return, no capital will be willing to do it.

Our country's own money supply has slightly exceeded the needs of economic development, because an appropriate excess is conducive to economic development and is not a big problem.

However, if too much foreign capital comes in, it will lead to excessive domestic money supply, which will not be beneficial to maintaining domestic inflation and asset price stability.

False prosperity is not what he wants. Even if a house is sold at a sky-high price, its property is still a house, and it will not allow more people to live in it just because the price of the house is high.

Such capital will only breed speculators and will not be of any benefit to the general public. On the contrary, the increase in rent will lead to an increase in their cost of living.

Moreover, our country has also emerged from the stage of foreign exchange shortage. Now it is not a shortage of foreign exchange but a surplus of foreign exchange. Let our country continue to use foreign exchange to purchase foreign mineral resources, otherwise it will be a piece of waste paper in our hands.

More importantly, he feels that the global exchange rate will see a big change in the future. The US dollar, which was strong before, is likely to become an ordinary currency. The currencies of other major developed countries will also depreciate to varying degrees. .

my country's currency may still have some room for appreciation. Southeast Asian countries have good economic development momentum in recent years. As long as their investments do not withdraw quickly, the room for currency appreciation will also increase.

Regardless of other currencies, the reason why he judged that the U.S. dollar will become an ordinary currency rather than an international reserve currency is mainly because the conditions for maintaining this status will gradually disappear.

The reason why he made this judgment is that my country's economic size has completely surpassed that of Eagle Sauce, and the gap will become wider and wider, which makes the US dollar lose its strong backing.

The reason why the US dollar can become an international currency is mainly because of the support of the national power behind it. When these do not exist, the US dollar will lose its halo, and their international currency status will gradually disappear.

At present, whether it is our country or other countries, the main foreign exchange reserves are US dollars. If the US dollar loses its status, the value of these US dollars will shrink significantly, which is a huge loss.

Although it will take some time for this halo to disappear, for now, we only need to maintain a certain amount. Too much is unnecessary, and it will be difficult to deal with in the future.

In fact, this is not just his judgment. The country's judgment is similar to his. Not only do his companies invest a lot of dollars overseas, but also the country's funds do the same.

Moreover, these funds no longer invest in government bonds that are considered stable, but invest in global physical assets. As long as assets are considered valuable, they are worth investing in.

If it takes a long time, there is a high probability that our country's currency will replace the US dollar and become the new international reserve currency. The only obstacle is that our country's financial market is relatively closed.

In fact, he is not in favor of greatly opening up our country's financial market. In the final analysis, the financial market is a game of capital, although the original intention is to allocate production resources well so that production resources can play their maximum role.

In fact, with the global excess of capital, the regulatory role of the financial market will become weaker and weaker. On the contrary, as its destructiveness increases, the bad side will gradually amplify.

Therefore, he supports domestic control of capital to a certain extent. Capital cannot be allowed to run rampant. Controlled capital is good capital. This is why he has not been very concerned about and supported the domestic financial market over the years.

But if a country's currency becomes an international currency, it will be of great benefit. Otherwise, Yingjiang in the previous life would not have tried so hard to maintain the international status of their currency, and would not have even hesitated to launch so many wars.

Of course, in his opinion, there are always advantages and disadvantages. There are never things in this world that only have advantages and no disadvantages. If you want to always keep the advantages outweighing the disadvantages, you can only maintain restraint and moderation.

If a country's currency wants to become an international currency, it must export these currencies, which means it must maintain a deficit in international trade and allow other countries to have the opportunity to hold this currency.

Obviously, judging from my country's current economic development, it is impossible to maintain an overall deficit unless our country gives up much of the real economy and imports large amounts of industrial products and agricultural products from other countries.

Just by doing this, it seems that we only need to print banknotes to exchange for the products that others have worked hard to create. It is simply like buying and selling without capital.

In fact, this is not the case. The reason why an international currency becomes an international currency is because it is backed by national strength. If things go on like this, the national strength will gradually weaken, and eventually there will be no strength to support its own currency to become an international currency.

At that time, because the huge amount of currency previously issued will gradually flow back from the international market to the domestic market, the leek harvester that was originally exporting inflation to the world will instead export inflation to the country, and eventually the domestic economy will become a mess.

In the past life, Yingjiang actually started to change in this direction, unless we exercise restraint and don't rely too much on international currency status to enjoy too many dividends.

But he has reservations about this, because it is difficult to do it, and as time goes by, it is not up to him whether he can maintain restraint.

If a country's currency becomes an international currency, it will cause all countries in the world to want to obtain as much of this currency as possible, which will lead to countries around the world doing everything possible to sell their products to our country.

In order to achieve this goal, we even buy things at a loss, which makes our country's products less and less competitive, and many companies will be forced to move to other countries with more cost advantages to seek development.

This is also the reason why the economy of Yingjiang in the previous life has become more and more hollow. If it had not been able to maintain its advantages in the field of science and technology, it would have been down by itself long ago, but it is estimated that it will not last long.

Therefore, in his view, the internationalization of a country's currency is not always a good thing. In the long run, it may even do more harm than good. The reasons for this have been clearly analyzed above.

His method is to develop a currency specifically used for international trade settlement and adopt the currency swap model of various countries around the world to increase the stability of this international settlement currency and prevent countries from malicious devaluation of their own currencies.

For countries with tight foreign exchange, they can moderately use their own currencies to obtain international settlement currencies through currency swaps, so that their countries will not be unable to carry out international trade without such currencies.

Of course, this kind of currency swap is not unrestrained and must have a limit. Otherwise, many countries will desperately use their own currencies to exchange, causing the debt ratio to rise, and the loss will be the interests of the currency issuers in the international stage.

For countries that have a surplus in international trade, the risk of holding this simple settlement currency is very small, and there is no need to worry about excessive over-issuance causing value depreciation.

Because the international settlement currency is only used for international trade settlement, it does not involve too much national interests, and the extra international settlement currency can also be used for international investment.

The only more difficult thing is how to convince all countries around the world that this international settlement currency maintains its value and can afford to play the role of an international settlement currency.

If many countries do not recognize this currency, then this road will be blocked directly, because they obtain this currency in the hope that it can be used around the world to purchase the goods their country needs.

The only way is that the issuance of this currency is linked to gold. With this currency, various countries around the world can rigidly redeem gold, which will reassure various countries.

Even if some countries do not recognize it, other countries can turn it into gold and then use the gold to buy goods from countries that do not recognize this currency.

Finally, because gold trading products are too bulky and the cost is very high, even countries that do not accept this currency will gradually accept it, because compared to gold, holding this currency is more conducive to international trade settlement.

He holds a huge gold reserve and actually has the ability to issue this kind of currency, but he is not sure yet whether his tens of thousands of tons of gold will be enough if he really wants to find it.

If everyone doesn't pay in large amounts, it will definitely be enough. We are afraid that there will be a large number of runs. If everyone uses currency to exchange for gold, but not enough gold will be available, the credibility will have a huge blow.

This kind of currency linked to gold is more fragile than sovereign credit currencies, because their only anchor is gold. If they cannot be rigidly redeemed, they will be finished.

Therefore, he still needs to consider this matter. At least he needs to master more gold. It seems that tens of thousands of tons of gold are a lot, but it may not be enough in the future. (End of chapter)