Chapter 2839: Daxia Coin Replaces Baguo Coin
After the harvesting wave of the hegemonic currency began all over the world, countries around the world fell into a great economic depression!
Because of the interest rate hike by the hegemonic currency, the currency of each country has depreciated by an average of one third. This is equivalent to the hegemonic country being able to buy one-third more of the world's assets without doing anything!
Jiang Pengyue reported the situation to Chen Mo and reminded him: "Solomon is absorbing global assets recklessly and preparing for the final fatal blow.
You have to be careful. "
Chen Mo's eyes moved slightly: "Solomon thought he was causing trouble for me, but he didn't know that I was waiting for him to do this!"
Then, Chen Mo went straight to Feng Hongyang and Ji Longxiang and asked, "The time has come for the Great Xia Coin to replace the Hegemony Coin!
I would like to ask you two to help me apply for a large amount of money to be released from our stock of Hegemony Currency!"
Feng Hongyang was stunned and asked: "What is your purpose in doing this?"
Ji Longxiang didn't even think about it, he smiled and patted Feng Hongyang on the shoulder and said: "When has Xiao Chen ever let us down?
We old guys can’t keep up with the youngsters’ brains, so just do as we’re told!
I believe Xiao Chen will not let us down!"
Feng Hongyang thought about it, nodded and said with a smile: "You are right. I may not understand it even if I ask. Forget it, I am old and I will leave it to you!"
"Thank you, elders!"
When Chen Mo said this, he looked at Ji Longxiang for a second longer.
Ji Longxiang knew that Chen Mo felt his kindness, and he smiled and returned his look.
At this moment, Chen Mo intuitively felt the meaning of "it's easier to get things done if you have someone in the court."
In the Snake Country, affected by the harvesting of the hegemonic currency, the exchange rate plummeted from the peak of 152 to 190, and today it even approached the 200 mark!
The IMF has already made an appointment with the Snake Country to negotiate loan funding conditions the next day, and is just waiting to reap the rewards.
At this moment, a mysterious force appeared!
In a very short period of time, the exchange rate of Snake Coin soared from 193 to 150!
The currency of Snake Coin returned to normal, and was even a little higher than before the harvest of Ba Guo Coin.
Even a fool can see that the tidal harvesting method of the Hegemonic Country’s currency has failed in the Snake Country!
And it's not just the Snake Country. Mysterious forces have emerged in countries all over the world to prevent the hegemonic countries from reaping the financial gains!
Whenever a country lacks its own currency and cannot repay its debts, its economy is about to collapse.
Chen Mo would stand up and tell them: "You are short of Ba Guo currency to pay off your debt? It doesn't matter, I will lend it to you, as much as you want!
But from now on, you have to pay back the money in Daxia currency!"
Doing so will not only save those countries whose economies are about to collapse due to the harvesting of the hegemonic currency, but also make it impossible for the hegemonic country to reap the benefits.
It can also expand the influence of the Great Xia currency and pave the way for the plan of the Great Xia currency to replace the Overlord currency in the future!
During the one-month short-selling ban, Chen Mo visited countries around the world that were about to be harvested, taking the Great Xia Kingdom's stock of Ba Guo currency.
The wind outlet releases the Great Xia Kingdom's hegemonic currency inventory to prevent the hegemonic currency from being harvested in tidal waves!
After more than 20 days, the plan to harvest the hegemonic currency has clearly come to a standstill.
It is no exaggeration to say that this round of harvesting of the hegemonic currency has failed!!!
When he learned the result, Solomon had a mental breakdown.
"How could this happen? It doesn't make sense!!!"
"Our Hegemony Currency Tidal Harvest has never failed!!!"
"Why is this happening?"
Michelle smiled bitterly and said, "Not only did the harvesting plan fail this time, but... the Great Xia currency is vaguely showing a trend of replacing the Hegemonic Currency!
Now the inventory of Daxia's currency has dropped to a historical low, and Daxia currency has become a currency that is urgently needed by various countries!
Lord Solomon, I am really afraid that Chen Mo will do something weird at this time and shake our foundation!!!"
The hegemonic country’s harvest was not successful, but the interest rate was actually increased.
With the current interest rate, once a bank run occurs, it will inevitably detonate the entire financial system!!!
So far, the debt of 35 trillion U.S. dollars has risen to 37 trillion U.S. dollars!!!
If the hegemonic currency can still maintain its dominant position, it will only need to pay interest and a small amount of principal every year to continue to expand the hole.
Once the hegemonic currency is replaced...
Then the whole world will surely frantically sell off the hegemonic currency and related debts. Even if 37 foundations combined cannot pay back the principal and interest of 10 trillion hegemonic currencies, they will not be able to pay it back!
This is totally unimaginable!!!
Solomon gritted his teeth and said, "Keep raising the interest rate!!! Raise the interest rate to 10%!!!"
Michelle's scalp went numb when she heard this!
10% interest!!!
This means that if you have 1 yuan and deposit it in any bank in the hegemonic country, the minimum annual interest that the bank will give you is 1000 yuan!!!
The interest rate of the Federal Reserve is usually just the base. Banks will usually raise the interest rate a little bit higher on this basis to increase its attractiveness.
Anyone who has done business knows that, let alone a business with an annual interest rate of 10% that is guaranteed to make a profit, even if it is a business with a guaranteed profit of 5%, people will scramble for it!
After all, the amount of capital of capitalists is extremely large!
If your hegemonic country dares to offer an interest rate of 10%, then many capitalists in the real economy will surely quit, factories will not open, shops will be closed directly, workers will not be hired, and all their money will be put into banks to earn interest!
A guaranteed profit of 10%, and no tax required, this is too scary!!!
"Lord Solomon, the unemployment rate will soar, and the Hegemony will be in chaos!!"
Michelle persuaded.
"It's messy, it's better to be a little messy!"
"I wish this world would be destroyed today!!!"
Solomon laughed like a madman.
He has been driven crazy by Chen Mo.
