"oh? Hans's national debt is actually selling so well?"
Just when Gaul's popularity was vomiting blood, President Yingjiang was also a little surprised by the news.
Because Hans's National Security was published in Yingjiang, President Will got the news much faster than in Gaul in Europe. A lot!
So after the day's trading ended, President Will got detailed information in the evening.
Yingjiang's finance minister has been paying attention to this matter, because this is the biggest hot spot here this year. incident, so he went to Gotham City's stock exchange market in person on the day of the transaction.
As a result, he witnessed this crazy scene in Gotham's stock exchange center in just one week. The national debt was sold for $2 billion. If he hadn't witnessed the whole process on the spot, he wouldn't have believed it was true! How exaggerated was this number in the past 1920
?
In 2017, Yingjiang's GDP increased significantly, reaching 89 billion U.S. dollars, and its fiscal revenue exceeded U.S.$150 for the first time, making it the country with the highest fiscal revenue among countries in the world.
In one week, it raised the equivalent of Yingjiang for an entire year. One-seventh of the fiscal revenue, what a terrible figure is this?
Moreover, at this time, investors' enthusiasm for Hans Treasury Bonds remains high in the market, and it has not decreased at all because US$2 billion has been sold!
Moreover, after Goldman Sachs Group took action, those large consortiums also began to enter the market. Goldman Sachs alone purchased about 4 US dollars of bonds, and consortiums such as Chase and Citibank also purchased tens to hundreds of millions. Bonds ranging from US dollars to US dollars!
In fact, the bulk of the market did not fall into the private sector, but was divided up by these large consortiums at the top of the food chain!
In this way, the purchasing needs of a large number of private investors were not satisfied. Will give up because of this, but will be more determined to buy Hans's national debt!
Because no one is stupid. Since these large consortiums have bought it, it means that Hans's national debt is very popular with everyone. Otherwise, these consortiums have bought it. Are you a fool who would make a loss-making business?
Everyone in Yingjiang is a smart person.
Since this thing is so popular with large consortiums, of course I can't miss it, after all, no matter how professional they are!
Their vision and investment level are far inferior to those of these professional financial institutions.
Now that these financial institutions have failed, even if they invest with each other, they can still get a piece of the pie and a sip of soup with this kind of investment enthusiasm!
Under this situation, some people who could not buy Hans Treasury Bonds even went to other investors who had already purchased them at high prices to buy the bonds held by them.
This behavior inadvertently pushed up the price of Hans Treasury Bonds, causing the already The bonds in the hands of investors who bought Hans Bonds immediately appreciated a lot.
Those who had completed their investment had already made a huge profit before they warmed up their bonds, which made them happy! , and strengthened their determination to invest!
As a result, the first batch of buyers also started to increase their holdings and pursue purchases, which made Hans's bonds even more in short supply in the market!
"Yes, not only did the sales sell well, it can even be said to have exceeded expectations. Now investors in the market have begun to pour into the market crazily, which has kept the price of bonds high. I don't think this is a A healthy phenomenon!"
"oh? Why do you say that?
President Will put down the report in his hand, looked at his Finance Minister, and asked him
"I don't know, this is probably an instinctive judgment of danger!"
Although he couldn't tell the specific reason, the finance minister of Takao-chan felt a little uneasy in his heart!
"Are you worried that our social wealth has been robbed by Hans?"
President Will smiled when he saw the other party frowning and thinking.
"President, how did you know?"
The Finance Minister was a little surprised. He didn't expect that his true thoughts would be seen through by the president!
"Haha, because you are not the only one who has such worries, the director of the Federal Reserve also reminded me this way. He is worried that if our funds flow to China in a large scale, it will cause a shortage of domestic funds!"
Takajiang Finance Minister's brows furrowed even more.
"Why do you look like you are not worried at all? I think what the Director of the Federal Reserve said is very reasonable?"
Both serve the national finance. The responsibilities of the Treasury Secretary and the Director of the Federal Reserve are almost the same, so they are more likely to hold the same position.
President Will is not surprised by the other party's statement. To be honest, , he was worried at first, but after his chief economic secretary explained it to him, President Will no longer worried about it!
"It does make sense. If we are a conservative economy, then Hans's approach is quite detrimental to our country's economic development!"
President Will said to the Finance Minister very seriously. The Finance Minister was shocked, knowing that the President was getting serious!
"However, we are now going international, not only our diplomacy but also our economy, and the internationalization of the economy is mainly reflected in our currency!"
President Will's words were not complicated, but they hit the point directly. After hearing his words, the Finance Minister suddenly understood!
"Do you mean to use this opportunity to push our U.S. dollar out and make the U.S. dollar a global currency?"
The finance minister's eyes were glowing green, and he seemed very excited and concerned about the president's proposal.
"Yes, I am���That's what I mean!"
President Will smiled and nodded. He was very pleased to see that the other party understood his intention so easily. He was worthy of being the finance minister he chose. He looked at the problem from the same perspective as himself!
"The main currency in the world now is the pound, which never sets. Before World War I, the pound's international status was similar to that of gold, and even more precious than gold. The reason for this is that the pound itself is linked to gold, and one pound is equivalent to It contains less than 7 grams of gold, and if you hold pounds, you can exchange them for gold at any time until the sun sets, so pounds are equivalent to gold!"
The gold standard is the main monetary policy of countries around the world. Under this policy, whoever has more gold reserves will have a stronger currency.
Just like the pound sterling today, the sun has never set on people who have dominated the world for many years, so from all over the world A large amount of gold has been grabbed from various places, and with so much gold reserves, the currency that never sets can be so strong!
As a defeated country in World War I, Hans' domestic gold has long been lost, so Hans's currency is not a gold standard currency, but a legal currency. The so-called legal currency is a currency that is forcibly circulated by law. There is no precious metal guarantee behind this currency, and its cost is just the cost of a piece of paper and the cost of printing. , the cost is extremely low!
This kind of currency will be very popular in the world 100 years later. The currency of almost all countries is legal tender. However, in this era, there are very few countries that implement legal tender. Among the major countries, only Hans adopts legal tender.!
The reason why Hans did this was not because Hans was independent and wanted to stand out, but because he was forced to do so because the gold was used to compensate for the war reparations. There was not enough gold in the country as collateral to issue currency, so he only It can force the issuance of legal tender!
And this kind of currency without precious metal guarantee is not welcomed by people at all. This is why Hans' Mark has continued to depreciate and plummeted after its launch!
"We asked Hans to borrow money back, but we did not allow them to exchange gold freely. In this way, they only took away our banknotes but not our gold, but our investors could use these banknotes to go to Hans. Sri Lanka is aggressively acquiring high-quality assets in the country, and the large amount of U.S. dollars held by the Hans will be our sharp weapon to harvest them. Do you think this kind of transaction is good or bad for us?"