Chapter 1207: Central bank

This telegram was quickly uploaded to the Qin State Staff Headquarters. The attitude of the General Staff and the First Infantry Division had great doubts about this telegram.

"Do you think this is possible? According to our intelligence analysis, how many Qiangs can exist in that place?" An intelligence staff looked at the telegram and said suspiciously.

"Who knows." Another staff officer said.

"This matter was sent by the First Infantry Division, what can we do?" the intelligence staff said.

"Then set it aside for the time being, and wait for the next report." The staff adviser suggested at this good time.

"Okay." The intelligence staff temporarily set aside the telegram that it thought was impossible. In their opinion, this is simply a joke. Can Qiang people have so many people? The content of this telegram is prone to great suspicion. Because, according to Qin people’s knowledge of geography, it is difficult for a large population to exist on the plateau, under the high altitude, low temperature, and hypoxic environment. And the existence of 100,000 people. For the people of Qin, it is almost an impossible number. For them, it simply doesn't exist.

In this way, the content of this telegram was simply ignored. However, what Qin State was not concerned about at this time was the actions of the Qiang people. These Qiangs also did not pose a huge threat to Qin’s national defense and security. The real threat came from within.

"According to the plan I made, Qin Guo will purchase the bonds in these banks in accordance with the current plan for banks to hold state bonds." Shang Wen was sitting in a wheelchair at this time and gave King Qin a detailed introduction to his current purchase of bonds that released a large amount of paper money. plan.

"But for the moment. Qin's holdings of bonds accounted for only 21.5 percent of the number of bonds issued. This figure is far from meeting Qin's huge demand for paper money." Shang Wen said.

"Furthermore, the number of bonds held by banks may not be able to solve a large number of paper currency gaps." Shang Wen said at this time.

"So, at present, we need to issue brand new bonds. The number of bonds will be very large. However, this requires that the old bonds are recovered and put on the market. Of course, we can also use the old bonds to exchange new bonds." Shang Wen Said with his own report.

But King Qin only listened to Shangwen's report from time to time. King Qin only listened patiently to understand the truth.

"However, I think that it is not suitable for issuing a large number of bonds at present. What Qin State mainly lacks is paper money, not bonds. Bonds can absorb paper money, which is of little use to the current shortage of capital liquidity." Shang Wen is obviously somewhat contradictory. Said.

In response, King Qin frowned, and it was obvious that what Shang Wen said had deviated from the question that King Qin was concerned about.

"Hmm." King Qin snorted at this time. In order to prompt Shangwen to deflect the topic.

Shang Wen paused when he heard King Qin's hum. Then I took a look at my report.

Does Shangwen think there is a mistake in what he said? Shang Wen didn't know it himself.

"Because the bank holds a small number of bonds. And we need to use the bank to complete the market injecting paper money." Shang Wen said after taking a look at his report.

Thank goodness. Shangwen changed the subject in time this time, and if it did not change, King Qin would inevitably be angry with him. And Shang Wen thinks that the topic should be changed at this time because his report should say so.

"Therefore, we need to use funds to acquire the stocks, bonds and other financial derivative products of leading companies in some important pillar industries. In this way, we can help them inject capital, and at the same time, we can accomplish our goal and save Qin. The current crisis." Shang Wen said at this time.

"That's right. Qin State's banking industry is in chaos now. There is also ongoing mergers within Qin State's banks. I think that Qin State's banks are not only mergers, but also reorganizations. The risks are high. The small banks in China were reorganized and merged into a large bank. In this way, the banking industry can safely and steadily provide funds for the State of Qin and even the entire six countries.” Shang Wen said at this time.

"Funding for the Six Nations?" King Qin didn't understand what Shang Wen meant at this time?

"Well, what I mean is that Qin can rectify its own financial industry, and then can invest a lot of money in the six countries. In this way, the economy of the six countries and Qin are closely linked. We are developing the six countries. On the other side, we will develop the six countries, use our funds to control the six countries, and finally achieve the goal of reunification. In this way, we will not need to spend more funds to support the army, and then use force to launch war and reunification. If it is, our price is very high. And the cost is huge, I am afraid that Qin Guo can't afford it at all now." Shang Wen said at this time. Of course, the current state of Qin is indeed unable to support a huge war. The cost of war is very high. Moreover, some unfavorable factors still exist. Although Qin State has great advantages in weapons, this is not something that weapons can solve at all.

War is a war of mankind. Weapons are only a tool of mankind. The final solution to war is still people. Not a weapon.

"Therefore, we need to strengthen economic control. Even if there is a disadvantage, we can achieve our goals through economic means. It is really impossible. Economic problems are also one of the best means for us to launch war." Shang Wen Said at this time.

"En." King Qin reluctantly agreed at this time.

"So, does the bank have a specific plan for rectification?" King Qin asked at this time.

"This, my thinking is that Qin still needs to establish a mechanism similar to the central bank, this mechanism is to prevent such a situation from happening. The main responsibility of this mechanism is to supervise Qin's deposit reserve ratio. At the same time, The exchange business of major banks is fully integrated through this bank." Shang Wen said at this time.

"This bank is best established by the state, and then the government controls the circulation of Qin's banknotes by controlling the bank's reserve ratio. At the same time, just in case this happens again." Shang Wen said at this time.

"At the same time, Qin should strengthen financial management at this time. Increase transaction taxes such as stamp duty, curb excessive financial speculation and other measures. At the very least, Qin should establish a mechanism such as the Securities Regulatory Commission to prevent excessive speculation against Qin. Damage to the national economy." Shang Wen said at this time.

But King Qin was not interested in these. King Qin was interested in banks, because King Qin believed that the central bank that Shang Wen was talking about was best served by the Royal Bank.

"So, how is that central bank organized?" King Qin asked at this time.

"This is controlled by the government. It is established by the government," Shang Wen said at this time.

"This, widow believes that it should be handled by those banks." At this time, King Qin proactively proposed.

Hearing such words, Shang Wen was greatly surprised. Because Shang Wen believed that the government's control capabilities should be strengthened, but he did not expect that King Qin would ask the bank to handle it. Shang Wen didn't understand the reason.

"Qin Guo's bank should set up a central bank according to its own wishes. The central bank has to govern all banks. If you just set up a bank, it may be difficult to bear the burden. Moreover, this bank must make a profit. It seems that the prime minister's bank can't make a profit?" At that time King Qin asked.

"This. It's true." Shang Wen admitted at this time.

"Qin cannot support such an unprofitable bank. This bank cannot expand its business. It cannot make money." King Qin refuted Shang Wen's view at this time.

Shang Wen nodded silently at this time. Shangwen acquiesced in the existence of this unprofitable bank, because according to Shangwen's understanding. The central bank must override all banks. This bank mainly controls the adjustment of deposit reserve ratio and interest rate. This is to control malicious competition between banks, and the government controls all bank operations. And, through this bank to transfer all banking services. Not only that, the central bank will supervise the flow of funds from all banks in Qin State. In this way, the Qin government controlled everything by setting up a central bank. Obviously, Shang Wen's idea is more thorough.

But King Qin opposed such a plan. Because this plan will surpass the Royal Bank, which means that the Royal Bank, Wenyang Bank, and other banks will obey the orders of the government's central bank.

At this point, the Royal Bank, which had just merged some banks, suddenly appeared a bigger bank opponent. The King Qin now considers not the country, but the interests of the royal bank. King Qin owns the entire country, and the country is King Qin's private property. However, in such a free environment, King Qin cannot use these resources.

The only resource that King Qin could use was the Royal Bank. Control other resources through the Royal Bank. From the current point of view. This is very correct, because currency is the country's largest mobile resource. These resources can control a considerable part of the country.

However, the government controlled the country by establishing a central bank. The most terrible thing was that the government was in the hands of the prime minister, not King Qin. This also means that Shang Wen can control a considerable part of Qin's resources by controlling the central bank. This is a threat to King Qin.

King Qin naturally considered such a threat, so he put forward his own views on this plan and opposed it. At least on this point, he firmly opposed it.

But Shang Wen did not consider this far. He just put forward this plan directly in accordance with Qin's current needs. For the others, Shang Wen did not consider too much.