Financial Storm
Large-scale social unrest in any country or region would more or less affect the overall economic and financial aspects of the region and even the world.
As the core of a region, Zhen Country had a huge influence in the world. In the case of such a super disaster, economic and financial turmoil was inevitable. It might even be another huge global crisis. Fortunately, the government and people of Zhen Country still had a global golden connection.
Global Gold Link: It was the largest online financial service platform in the country (and also in the world). From shopping to financial management, from finance to lending, from stock market to foreign exchange market, from futures to cash, and even from fairness and security, it could make some governments and people willing to put their money in Global Gold Link.
Not long after the beginning of the 21st century, after decades of rapid penetration of the Internet, the global economic integration developed more and more rapidly, and the old world economic system became less and less efficient. At this time, due to the rise and expansion of the Internet finance industry around the world, Zhen Country had squeezed out most of the business of traditional banks in just a decade.
Three years ago, in Zhen Country, the interest rate of the bank was too low, resulting in no one to deposit money in the bank. The bank did not have a large amount of spare money to lend out as loans, so they could only guard the five loans and one supplement that were left behind in the past. Home loans, car loans, enterprise loans, national infrastructure loans, and local government public infrastructure loans. First, it was mandatory for all companies to pay wages and benefits through the bank. As a huge transit fund, the bank had a portion of the money, allowing the major banks to rely on this to barely survive, and their lives were getting worse.
Zhen Country had proposed several internal economic reforms, but they could not change the fundamental results. They could only rely on financial subsidies to make up for the huge expenditure every year, and the deficit was getting more and more serious. All the citizens of Zhen Country could not stand it anymore. In the end, the current governor slapped the board and united several large private companies in the country to form a private company with a government background.
After receiving the instructions, the various departments of Zhen Country took this matter as a ruling task. After a series of efforts, except for the national bank that was in charge of printing money, almost all the state-owned banks were packaged into Global Golden Communication to carry out the privatization reform. The ruling department only accounted for 20% of the shares of Global Golden Communication, and they did not have any management decision-making power, only supervision power.
Of course, in addition to the 20% shares owned by the ruling department, 46% of the shares were scattered in the hands of more than 300 million people and companies across the country. The remaining 30% shares were in the hands of governments, individuals, companies or joint organizations in other countries. After this reform, Global Golden Communication suddenly became an international super group company.
Of course, these were shares without decision-making power. They only had the right to dividends. In addition, about 4% of the shares belonged to the management organization of the company. At the same time, this company was also a global privatised company with full decision-making power.
After three years of development, the Global Jintong Group had become the largest group company in the world.
Before the Big Bang, Global Gold had 60% of the world's online shopping financial services business.
It has the world's largest liquid and fixed capital pool, and its capital reserve is equivalent to the annual gross domestic product of the two superpowers (refer to the world's two poles: The country's economy and the country's economy).
It served a population of more than four billion, and it had a hundred times more gold than the total amount of gold in the world available for free circulation. The annual circulation amount was more than ten trillion virtual gold yuan. Because money could automatically increase in value, it formed the world's largest capital pool. The interest naturally stored in the current account was one-half of the global average annual economic growth rate, exceeding the annual natural economic growth rate of many countries. This made the governments of many countries willing to put a portion of their surplus money into the appreciation.
If 10,000 gold dollars were left untouched for a year, if the global economy grew by 3.65%, then the interest rate would be 1.825%. At the end of the year, 10,000 gold dollars would become 10,182.5 gold dollars, and the interest paid every day would be about 0.5 gold dollars.
This was already higher than the annual interest rate of almost all the major currencies in the world.
The fixed interest provided by the Global Golden Company was basically fixed or agreed upon by itself. The three-month interest could reach an annual rate of return of 3.5%, the half-year interest could reach an annual rate of return of 4%, and the one-year interest could even reach an annual rate of return of about 5%. It was something that other international banks could not compare to.
As long as the credit rating was high, any person or company, even the country, could borrow a loan here. Moreover, it was convenient and fast to apply for approval, which greatly facilitated the interaction between finance and economic trade. It was more efficient than any government department in any country. Of course, it also surpassed most banks in the world.
After Global Gold Access was introduced into the global financial system, it occupied one-tenth of the global financial market's deposit and loan share in just three years. It became a global super bank, far exceeding the total business volume of all the banks in the world.
If it weren't for the fact that many countries and people didn't trust the platform of this semi-public and semi-private financial company, they would have occupied all the financial markets in the world.
In order to make it easier for the people of various countries to manage their wealth and control risks, and then get rid of the malicious control of the exchange rate between countries, it implemented the virtual currency conversion of zero exchange rate in the platform (confirming the exchange and withdrawing the service fee was only 0.001%), which was equivalent to realizing the currency in the hands of individuals directly on the Internet. The individual could exchange the currency of almost any country in the world without going out.
People in countries that could use the Global Gold Link no longer needed to exchange foreign currency for travel and living abroad. It was so simple that they could directly support the direct transaction of most goods and finance between the world with their mobile phones.
In order to make the currency more secure and avoid the pricing behavior of only using Jian Yuan, Global Gold Communication adopted a currency optimization pricing plan.
That was, 1/5 of the Guinean Dollar, 1/5 of the Austrian Dollar, 1/5 of the Zhenguo Dollar, 1/5 of the main currency of the twenty-two countries (the twenty-two countries with the largest circulation in the world, excluding Zhenguo, Guinean, and Latin-dollar countries), 1/10 of the precious metals, and 1/10 of the currency of the remaining countries.
In other words, everyone who put their country's money into the Global Gold Link would automatically be divided into these diverse currencies regardless of the currency.
Some small countries no longer had to worry about America strangling their foreign exchange or running out of money. They just had to maintain the stability of their own currency.
As for those countries that relied on supercurrency, due to the decline in national credit, their currency depreciated very quickly, so they quickly lost the hearts of the people around the world. In the end, the currency lost its credit and basically became worthless waste paper.
After these pegs, in just a year, more than 20 small countries went bankrupt, scaring a few small and unstable countries or countries with dictators. They did not issue a single currency for the sake of currency stability. Some countries even began to collect their own currency on a large scale to destroy it, just to maintain the credibility of their country's currency.
In such a short period of time, the world had formed three main currencies: the Jian Yuan, the Ao Yuan, and the Zhen Yuan. The dominant position of the Jian Yuan was pulled down, while the Zhen Yuan and the Ao Yuan were promoted.
At that time, the trade between countries in the world suddenly became a lot more chaotic. America and its group of underlings shouted that they had to use America dollars for currency settlement. The countries in the Aoyuan area had their own small calculations. They supported or secretly supported the regional currency free settlement. When necessary, they could also use America dollars and Zhen dollars for settlement. They had no intention of rejecting the global gold exchange. It could be considered as a boost to himself and the country.
Zhenguo said that the currency settlement should be based on the people and countries who needed it, and any country had the right to choose.
America had been clamoring for a while, but it was basically useless on a global scale. Therefore, they picked on problems behind the scenes. A few large consortiums supporting Shire Street launched a few regional financial storms. However, the financial storms came and went faster. In front of the powerful funds of Global Gold Communication, they were completely vulnerable.
The global financial system could be said to be calm as a whole. Those consortiums themselves had lost tens of billions of dollars of UA dollars in vain, and many countries had seen the ugly face of UA's hegemony. On the contrary, more countries that were easily affected by UA's financial influence had joined and opened up the freedom of the Global Gold Link in their own countries to a greater extent. The corresponding drag on the weakness of UA dollars had depreciated by one-fifth, while the Australian dollars and the Zhen dollars had each appreciated by nearly one-fifth.
During this period, to facilitate international financial transactions, universal gold yuan certificates were introduced. In addition to the currency of Jian dollars, Latins dollars, and Zhen dollars, gold yuan certificates were used to price more commodities. For example, a barrel of oil worth 90.39 Jian dollars was equivalent to 0.0650 gold yuan certificates.
One ounce of gold was equivalent to one unit of gold yuan certificates. The gold yuan certificates were directly linked to gold and had the same monetary value as gold. People also called the global gold pass gold certificates virtual gold certificates, or simply gold yuan certificates or gold yuan certificates.
Of course, to exchange the virtual gold certificates for physical gold, there was a logistics fee, storage fee, and several other fees. The fee was equivalent to an increase of 5% of the value of physical gold.
The value of a universal gold yuan certificate in the Global Gold Link was one ounce of gold (31.01 grams), which was equivalent to the current currency of 295 Austrian dollars plus 258 Jian dollars plus 1005 Zhen dollars (accounting for 3/5 of the total value) plus (accounting for 2/5 of the total value) the market price of other countries 'currencies and precious metals.
Because the gold yuan certificates were linked to gold, the price of gold had risen from 1386.78 con dollars an ounce by more than 200 con dollars to 1589.56 con dollars an ounce in a short period of time (this was mainly caused by the depreciating con dollars). Moreover, because the gold yuan certificates were linked to physical gold, according to various reports, the value of gold might continue to rise in the future.
This immediately stabilized and raised the price of gold. The value of each country's currency was once again pegged to gold. As a result, the stability of the currency began to depend on each country. The adjustment of each country's currency played a smaller and smaller role. In the end, in order to make their currency more stable, more and more countries began to use gold and gold yuan certificates as foreign exchange reserves. Thus, gold yuan certificates had a new name: Gold coins were also the world's online financial currency that could be exchanged for physical gold in the real world.
Everything began on January 1st of last year. The CEO of Global Goldlink, Marshal Ma, suddenly announced that he would be issuing the first set of 100 million gold coins. One gold coin was equivalent to one universal gold yuan certificate. Pre-order purchases would be charged a service fee of 5% of the value of the gold coins. A total of 3100 tons of gold and some precious metals would be consumed.
Once the news was announced, it immediately caused the world to be puzzled. However, when everyone saw the real-life version of the gold coin sample, they were truly relieved and relieved.
When the pre-orders were made, the first set of 100 million gold coins had been bought in just an hour (70% of the people in Zhen Country had bought it as if they were close to the water). There were still nearly 90% of people who had not bought the pre-orders. Then, more people on the Internet began to ask for hundreds of millions of gold coins to be produced.
The Global Gold Communication Company had already used up its serial numbers and production capacity for this year, so it was unable to produce any more. Ten production lines were in full production, ten of them were in real-time production, and two of them were in supplementary production (the real-time events in the world needed to be recorded on the gold coins and the serial numbers of the other gold coins needed to be deleted).
As a production line could only produce one gold coin per second, it worked eight hours a day for 350 days. The production of supplements was slower (numbered as machine 0), so it was only planned to produce about 100 million gold coins a year.
After receiving this news, the value of the first batch of gold coins rapidly increased by nearly 100%, and the value of gold coins with special meanings increased by nearly 100 times. The gold coins began to deviate from gold and gold yuan certificates, causing huge price fluctuations in gold yuan certificates and the various countries 'currencies. International trade was also greatly affected.
In the end, Global Gold had no choice but to announce that it would continue to produce 100 million gold coins next year and no more than 100 million gold coins the year after. The maximum annual circulation was 100 million gold coins, and the maximum amount of circulation was guaranteed to be equal to the actual population. After that, the average price of the first set of gold coins fell to 1.5 times the price of gold (the price of gold remained at 2000 cineas per ounce during the same period). After a few months of adaptation, the international currency slowly stabilized again.
The first gold coin of the Global Gold Link was a round coin. Each coin weighed one ounce (30 grams of gold plus 1.01 grams of other precious colored alloys). It could basically be considered a real gold coin. One side was a panoramic map of the Earth from 0 to 180 degrees east longitude, and the other side was a panoramic map of the Earth from 0 to 180 degrees west longitude.
The picture of the gold coin was clear. The land and sea were distinct, and the colors were realistic. The mountains and rivers were uneven, and the deserts, plains, and mountains were clear at a glance. There were no latitude and longitude lines on the gold coin, nor were there any national boundaries. It was like looking at the Earth from space. It was an exquisite panoramic image of the Earth. It was extremely beautiful.
Furthermore, the two sides of the gold coin were displayed according to the relationship between the Earth, the Sun, and the Moon. The gold coin allowed people to know the meaning of time, space, and astronomy at a glance. It was unanimously recognized by everyone as the ultimate human currency that represented the Earth.
In addition to the two sides of the gold coin, the outer ring was composed of two sets of 21 different Arabic numbers. One set of numbers could be verified on the Internet, and the other half was also 21 digits, including the corresponding number of the year, month, day, and time of production. It could also be verified with the numbers on both sides.
For example, the number *** on the side meant the total number ** produced by Line 9 at 12:31 a.m.(Gurney Time) on December 8th, Emperor Era 4746.
Half of the east and west meridians were brighter, and the other half was darker. At the same time, the northern hemisphere looked brighter than the southern hemisphere.
If the time was at 06:00 or 18:00, one side would be particularly bright and the other side would be particularly dark.
At the same time, there was also the rough changes in the surface of the earth at that time. It was as if the sun and the moon were shining on the earth at the same time. It was amazing. It could only be exclaimed that this was the greatest and most civilized currency that represented all the people on Earth. The people's affection and recognition for it exceeded any other currency since ancient times.
After the terrorist attack in Zhen Country, the Zhen Coin currency in the Global Gold Channel began to change drastically. Compared to the value of gold and other currencies, the Zhen Coin depreciated at an alarming rate. In 24 hours, it had already depreciated by one fold.
Moreover, there was an increasing panic in abandoning the chastity currency. All institutions believed that the chastity currency might depreciate further, and the government of the country had not announced any news or measures in this regard, which further contributed to the weakening of the chastity currency.
Some media outlets said," After this terrorist attack, the disaster caused a large area of the Zhen Country's ruling department to be paralyzed. In the short term, it is impossible to produce any implementation.”
Following that, the exchange rate of the chaste coins of the world's other major countries, such as the Ao Yuan and Jian Yuan, also fell like a cliff.
As Zhen Country, He Country, Yue Wei Country, and some countries in the southeast Yi 'an Continent that were greatly influenced by Zhen Country's culture were also celebrating the Spring Festival, the stock market, foreign exchange market, and other trading markets were closed for holidays. These countries also suffered heavy losses due to the sharp drop in Zhen coins. However, since they only had one or two days of holidays during the Spring Festival, they quickly adjusted and avoided further losses.
Since the super flood caused by the big explosion, the prices of various commodities in the world began to rise sharply. Or it could be said that the traditional currency depreciated greatly, causing the world's strongest currency to fall back to physical gold.
Similarly, gold yuan certificates and gold coins began to rise in value, dragging down the value of gold as well.
This time, the exchange rate storm caused the already weak world economy to once again produce an even more serious financial and economic crisis, and its future performance was still unpredictable.
It wasn't until three days later (72 hours after the big explosion) that the Zhen Country's government announced a pitiful number of remedy and reform measures.
In the next few months, the financial crisis of Zhen Country's Zhen currency began to rise and fall due to the forced reform. Finally, due to the stability of most regions of Zhen Country, the economy and financial industry slowly moved towards a general stability.
During the same period, the world's currency began to slowly return to stability from the violent fluctuations in one region after another. However, due to the fact that the world had not completely stabilized in the later period, and it was still full of new unknown changes, the economy and trade had not improved much. This event was called the second financial storm. As it followed the first global economic crisis not long ago, it caused a more serious global economic decline. However, in order to better distinguish it from the first economic crisis, it was named the second economic crisis.
[Note 1: The first global economic crisis caused by the competition between Global Jintong and Jianyuan for the dominance of the global trade currency was mainly manifested in the competition of the pricing power of the currency for the main commodities and the exchange rate price changes of the main currency during the period.]
This book comes from：m.funovel.com。