Chapter 326: The Birth of the “Federal Reserve”
Ethan was confused at first as to why Sophia said so much.
It wasn't until she said the words "not worth it" that Ethan understood what Sophia wanted to express.
What Sophia means is that we can take advantage of the Arthur family at any time. There is no need to argue with them, and there is no need to continue to attack Yellen.
After understanding what Sophia meant, Ethan was a little dumbfounded.
In fact, after the beating and getting angry, Ethan didn't want to do anything to others.
The most they can do is throw him in jail for a few days.
"Don't worry! I'm not as stingy as you think."
"That's good!" Sofia smiled: "So now can you tell me what happened to make you so angry?"
Ethan did not answer the question, but called to the door: "Anna, go get a basin of water!"
"Okay!" Anna responded outside the door.
Seeing this, Sophia frowned: "What are you bringing water for?"
Ethan smiled slightly, took out the previous note from his suit pocket, and handed it to Sophia.
"Look what this is?
oh! By the way, you can hold it where my hand is, and don’t touch other places.
dirty!
After touching, remember to wash your hands. "
Seeing Ethan's mysterious look, Sofia took the note with one hand and said angrily: "Why are you acting like this?"
As she said that, she picked up the banknotes and looked at them carefully for a while, but after looking at them for a long time, she didn't see anything interesting.
"Other than the beautifully printed paper, there seems to be nothing special about this paper!"
Seeing that Sophia couldn’t make a name for herself, Ethan explained:
"This piece of paper is very special, it's called a banknote.
When you hear this name, can you probably understand what it means?
That’s right, it’s money!
The Society of Iris hoped to replace metal currency by issuing this paper currency.
This is also the reason why Yellen came to me.
What's funny is that he asked me for something and didn't take the right path, but he wanted to take advantage of me. That's why I was angry.
And what’s even more ridiculous is that the way he manipulated me was money. "
When Sophie Adam heard that the piece of paper in her hand was going to be used as currency, her head exploded with a buzzing sound. I thought of so many things in an instant that I was stunned.
The expression on his face was first angry, then helpless. I don’t know what he was thinking of?
Ethan was a little confused when he saw Sophia's expression, but he didn't bother her.
After an unknown amount of time, Sophia finally came to her senses, and then took the banknotes in her hand and looked at them carefully.
Then he sighed heavily.
“This pattern and texture are all to prevent counterfeiting.
Those people in the Iris Club are really good at making money.
If this paper currency could be used to replace metal currency, the development of the world would become unimaginable.
The previously lengthy delivery of goods will become extremely simple.
And faster transaction speed often means faster wealth growth.
And because it is a paper currency, it is easy to issue additional coins. There are various restrictions when trading holographic currency, especially when dealing with large amounts, which will further promote the growth of wealth.
…”
Sofia thought about the benefits of many banknotes, and she couldn't explain them at the moment.
However, halfway through, she did not continue, but said: "It's just a pity that it is too difficult to issue banknotes.
After all, most people would not accept real money turned into a piece of paper. "
Ethan laughed when he heard this: "Are you thinking about the difficulties of distribution?"
"Uh!" Sofia choked for a moment: "Since we can't stop it, we can only choose to join.
Aren't you thinking about how to help Iris promote its release?
Otherwise why did you bring this note back? "
Sofia discovered the key to the problem and asked rhetorically.
"Help them issue it?" Ethan smiled slightly: "Of course I want to issue banknotes, but this matter must be done by the parliament, not by an organization.
If Iris would come and do it, the whole city of Maruo.
No, the entire coastal economy will be controlled by the Iris.
If something happens, the consequences will be disastrous. "
When Sophia heard this, she looked at Ethan with a strange expression.
“Ethan, are you thinking too much?
Have you forgotten that we do not have the right to mint coins?
What does Parliament use to issue currency? "
When Ethan heard this, he was immediately stunned.
yes!
Parliament has no power to mint money!
Holy shit!
Forgot the most basic things!
"That's not right! The Iris Society also doesn't have the right to mint coins. They..."
Halfway through, Ethan suddenly thought that although the Iris Society did not have the right to mint coins, they could just find those dukes who had the right to mint coins and issue them in the name of that duke.
This shouldn't be too simple for a behemoth like Iris.
Moreover, as long as the issuing area is controlled to a coastal area where Iris has absolute influence, and the banknotes are named like vouchers, the imperial power can be completely bypassed.
This means that as long as they convince the leaders of each region, they can successfully implement banknotes.
The Iris Society can also issue banknotes without even needing the support of leaders in each region.
Once they are implemented, Marlow City will have to choose whether to follow or not.
Since this is a commercial choice, even Parliament may not be able to stop it.
Of course, things would go smoother if there was support from regional leaders.
That is to say, from the moment they saw the banknotes, it was destined that Iris would issue banknotes.
At this moment, Ethan finally understood why Yellen was so arrogant.
In fact, he might not even think he was arrogant, because he was actually notifying.
Ethan was confused at this time.
He thought he could prevent the birth of the "Federal Reserve" and wanted to issue currency in the name of Parliament, and even thought of the steps.
Unexpectedly, the clown was himself.
"Haha!" Ethan laughed at himself.
No, even if it was a clown, Iris could not control the economy of Maro City.
"Sophia, Iris cannot issue currency in Maro City, at least they cannot issue it without restrictions!"
"Are you worried that they will control the economy of Maro City?" Sophia asked.
"Of course!"
Hearing this, Sophia smiled: "Look at the economy of Maro City now, aren't they in control?
Almost all large-scale business transactions are completed through them.
The bills they present represent golden coins.
This trend has already formed. Do you want them to be out of control?
What they are doing now is just intervening in the lives of ordinary civilians.
In essence, this is just increasing economic control."
Ethan was speechless for a moment.
At this time, he realized that the Iris Society was actually in charge of the economy.
It is indeed as Sophia said, the bills they present are also paper, but that paper represents gold coins.
It is almost no different from paper money, except for the amount.
The credit system of the Iris Society has been fully established and is an unshakable existence.
Now, it is impossible to stop them.
The only thing we can do is to avoid risks.
Avoid the risks brought about by the collapse of their credit.
And we must find a way to prevent the wealth of Maro City from being harvested by them.
But how to do it?
……
