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Chapter 1074 Abolition of legal tender

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    Almost at the same time, a Ford sedan stopped at the gate of Yinjiang Industrial Park.

    As soon as the car stopped, a young policeman with a baton on his waist immediately came forward to greet him.

    Still ten meters away, the little policeman asked loudly: "What are you doing? Why do you park your car here? This is an industrial area and no one is allowed to enter."

    The driver¡¯s window rolled down and the driver handed out a certificate.

    The little policeman saw the ID and quickly stood at attention and saluted.

    The driver impatiently sent the little policeman away.

    Immediately, the passenger door of the car opened, a young man got out of the car in a hurry, and opened the back seat door.

    Then a senior general of the national army in uniform walked out of the back seat. The policeman who had returned to his post discovered that this senior general had three gold stars on his collar badge, General!

    This general of the national army is none other than Yu Liangzhen.

    After Yu Liangzhen got out of the car, his eyes naturally fell on the industrial park.

    But what I saw were rows of steel-structured houses on both sides of the spacious and flat main street.

    Most of these steel structure buildings have already been occupied by factories, and countless workers are going in and out, busy with production.

    Looking from left to right, Yu Liangzhen saw light industries such as soap factory, towel and quilt factory, cigarette factory, MSG factory, soy sauce factory, and flour mill.

    At the end of the horizon, there are more than a dozen large chimneys towering into the sky, and without exception, these more than a dozen chimneys are spitting out black smoke.

    Yu Liangzhen sighed and said: "I still remember that when I first came to Yinjiang five months ago, there was still a large area of ??farmland in western Yinjiang, and the rice had just been harvested, and the fields were deserted. It has only been less than five months, and here  It actually turned into a city, and so many factories popped up. Looking back now, it really seems like a dream.¡±

    Adjutant Yu Bojun said: "Yes, Zhong Ziren is really capable. Whether he leads troops to fight or engages in urban industrial construction, he is a damn good hand."

    "Yes." Yu Liangzhen sighed, "It would be great if our country could have more people like Zhong Ziren."

    "You have to have a chance to put it to use." Yu Bojun shook his head and said, "As for Zhong Ziren, I think it is very difficult to say whether he can continue to serve as mayor of Yinjiang this time."

    After a pause, Yu Bojun continued: "Maybe, even the position of chief of staff of the East Zhejiang Coastal Defense Corps will be replaced."

    Yu Liangzhen suddenly turned around, stared at Yu Bojun and asked: "Bojun, who did you hear this?"

    "A classmate from Mainland China." Yu Bojun said, "Mr. Sir, this matter has long been an open secret in Chongqing."

    "Really?" Yu Liangzhen smiled and said, "Then I might as well tell you. I dare not tell others, but I'm afraid Chongqing can't touch Zhong Ziren."

    Yu Bojun didn¡¯t believe it and said, ¡°Director Chen can¡¯t even touch him?¡±

    "Chen Shi?" Yu Liangzhen said suddenly, "Don't talk about Chen Shi, the principal can't even move."

    After a pause, Yu Liangzhen continued: "Because the Americans have identified Zhong Yi."

    When Yu Bojun heard this, a strange color flashed across his eyes.

    ¡­¡­

    As soon as Zhong Yi returned to the municipal government compound, Xu Chao reported that Lao Naixin, the president of the Chamber of Commerce, had come to visit.

    "President Lao is here? He's just in time, I was just looking for him." Zhong Yi nodded and said, "Invite him in."

    Xu Chao turned and left. Within a moment, Lao Naixin, wearing a wide-brimmed hat and a black silk gown, walked into Zhong Yi's office with a slight bow, and then bowed to Zhong Yi.

    "President Lao." Zhong Yi asked Lao Naixin to take a seat, and then stood up to pour him tea. He said with a smile, "You, old man, don't go to the Three Treasures Hall for anything. Is there something important?"

    Lao Nai thought to himself: "It doesn't matter if it's big, it's not small if it's small."

    After a pause, Lao Naixin added: "It's about the circulation of legal currency."

    Zhong Yixin said it was finally time to stop the circulation of legal tender in Yinjiang.

    On this matter, Lao Naixin and Zhong Yi are not in agreement, because there is a fundamental difference between Lao Naixin and several directors such as Cao Ziying and Chen Jiming. He is not an official of the city government, but just the president of a folk religious association, so there is no need to  He admires Zhong Yi's bad feet, so he maintains his aloof status and has never bought into Zhong Yi's account.

    Zhong Yi has actually wanted to abolish the circulation of legal tender for a long time, but Nao Naixin has never expressed his position.

    However, Zhong Yi is not too anxious about this, because heIt's not really a dictatorship.

    Today, Lao Naixin finally couldn¡¯t bear it anymore and also proposed to abolish the circulation status of legal tender.

    "That's right." Lao Naixin said thoughtfully, "All our colleagues at the Yinjiang Chamber of Commerce unanimously believe that due to the wanton issuance of legal tender by the Ministry of Finance, the legal tender has completely lost its credibility, so I have been specifically entrusted to submit a formal application to the city government to abolish the legal tender.  The currency status in Yinjiang City is changed back to silver dollar and copper dollar settlement."

    Zhong Yi asked: "Has your chamber of commerce thought it through?"

    "Think clearly." Lao Naixin nodded and said, "If we don't change back to silver dollar and copper dollar settlement, our factory will not be able to produce at all, because the more we produce, the more we will lose."

    "Okay then." Zhong Yi said, "I will issue an order now. All bureaus under the city government will gradually abolish the circulation of legal tender within half a month, especially the finance and taxation bureaus. From now on, they will levy silver coins."

    Nao Nai had achieved his goal and left without even taking a sip of tea.

    Gong Weiqian walked in from outside and whispered: "Mayor, have you ever thought about a question?"

    Zhong Yi signaled Gong Weiqian to continue, and then he added: "If it is changed back to the silver dollar, then the silver dollar and the US dollar can be traded directly in Yinjiang. This will inevitably lead to a large outflow of silver. Our country is actually implementing a silver standard.  , if there is a serious shortage of silver, it will trigger serious deflation."

    Before Song Ziwen implemented legal currency, such signs had already appeared.

    Because once there is a shortage of silver, it means there is less money in the market.

    Money is essentially a commodity. Once the commodity becomes scarce, the price will definitely rise. However, money is different from other commodities. If the price of other commodities such as pork rises, the worst is not to eat it. If the price of cloth rises,  The worst thing is to wear old clothes, but the money is different. Even if the money rises to the sky, everyone still has to use it.

    So money in the market will become increasingly scarce.

    ? If it is enlarged to the entire circulation market, severe deflation will occur.

    When deflation reaches a certain level, all economic activities will come to a standstill. Factory owners will have no money to buy raw materials, shop owners will have no money to purchase goods, and workers will have no money to consume. The entire country's economy will collapse. This is a terrible thing.

    Gong Weiqian is indeed a top student who graduated from Cambridge University. Although he studied architecture, he also dabbled in finance.  (Remember the website address: www.hlnovel.com
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