blackstone code

In mid-February, Conner reached out to Lynch and asked him a question.

"Do you think the current federal currency issuance policy is appropriate for the federal government?"

This is a very complex and huge problem.

What's interesting is that although the federal government nominally rules the country, the right to issue currency is in the hands of the Federal Reserve Bank.

The recent introduction of a new version of the federal currency into circulation has caused some minor problems within the monetary community.

For example, those counterfeit coins, even if everyone is already trying to collect the counterfeit coins they have bought and send them abroad, there will still be a lot of counterfeit coins in the Federation.

The federal government, or the Federal Reserve Banks, won't accept counterfeit currency, even if they've started changing it to new currency.

This also means that some people are facing huge losses for them, which may be tens of dollars, hundreds of dollars, or even tens of thousands of dollars!

So some people brought up conspiracy theories and the like, and at the same time had some opinions on the Federal Reserve Bank.

Regardless of whether those who were refused the opportunity to exchange their old coins for new ones were holding genuine counterfeit coins or genuine coins that were difficult to distinguish, they believed they were being given a hard time.

If a person like Lynch is given trouble by someone, he will definitely call the idiot's big boss.

But ordinary people can't do that, and some turmoil is building up against the Federal Reserve Bank and affecting public opinion.

This question is really not easy to answer.

Lynch went to the study and answered the call from the study. Instead of answering the question, he asked Connor why he paid attention to this matter.

"Have you run into any trouble?", he asked.

Connor admitted and explained, "Someone submitted a material to the Federal Antitrust Commission regarding the Federal Reserve Bank's alleged commercial monopoly in the issuance of currency..."

Connor looked at the material that was more than a foot thick on the table, and there was still a box that was not placed on the table, and he had a headache.

From the birth of the federal government to last year, these materials introduce the cause, process, and result of each issue of the federal sol.

With some supporting materials, the person who provided these things can prove that when the Federation was founded, it did not sign any paper contract with the Federal Reserve Bank.

The right to issue federal legal tender is directly bound to the Federal Reserve Bank.

They just mortgage the tax revenue to the Federal Savings Bank when they need to increase the issuance of currency, and let the Federal Savings Bank print out the currency that the federal government wants in advance, and then flow into the society through various channels.

To put it simply, the Federal Reserve is just a service provider. What they do is print banknotes and then accept them——

Gold yuan coupons are an ancient thing and the prototype of currency.

Holding gold coins can go to the bank to exchange for equivalent gold, so as to ensure its value.

Today’s currency is actually still the same thing!

How can the Federal Sol with a denomination of 100 yuan make people believe that it is worth 100 yuan?

In fact, it is very simple. Take 100 yuan of federal sols to any bank in the federation, and you can exchange it for equivalent gold. This is the embodiment of its value!

The federal government gave the tax revenue to the Federal Savings Bank, and then the Federal Savings Bank gave the equivalent banknotes to the Federal Government, and the Federal Savings Bank accepted the value of the currency in circulation, in the form of the holder's subjective will.

They can ask for gold, silver, or other countries' currencies.

This behavior itself is a commercial behavior, and today, after the Anti-Monopoly Law has been implemented for many years, only the Federal Savings Bank still controls the issuance of currency in the entire federation.

This is the most typical monopoly behavior, and any monopoly behavior is not allowed!
The appeal of the informant is actually very simple. He or she may also be a kraft paper shopping bag in a supermarket. He or she hopes that other banks, including other companies, will participate in the competition when the federal government issues currency next time.

Or divide this job into multiple parts and share it with multiple companies. Only in this way is it not a monopoly.

Listening to Connor talking about this, Lynch told him not to hang up, picked up another phone, and dialed Vera's office number.

"Has anyone talked about currency issuance lately?"

It was a bit inexplicable for Vera to receive this call suddenly, but she still thought about it seriously and replied, "No one talked to me about this, what's wrong?"

Lynch hung up the phone after a few perfunctory words, and after confirming that it had nothing to do with him, he started talking to Connor about it.

"The issuance of currency is a matter of credibility. For the vast majority of ordinary people, whether domestic or foreign, they will think that the main body that issues currency is the federal government."

"But now it is the federal banking industry that is actually in charge of issuing the currency and taking care of its follow-up."

"Before there were problems at the Federal Reserve Bank, there was actually nothing good or bad about this approach, because no matter how you changed it, the end result would be the same."

"The federal government cannot do without the banking industry, and the banking industry is the business that really determines whether a currency has value, not the federal government."

Connor on the other end of the phone already frowned, "Is there a way for us to solve it ourselves?"

"I mean the federal government is the real leader in deciding the issue of currency, not the banking industry?"

Lynch asked a question, "If the federal government takes back the issuance power and issues it itself, this means that the federal government needs to provide all the services that banks now provide."

"The federal government will increase a lot of departments, increase a lot of employees, budget, burden..."

"Congress won't agree, people won't agree, and most importantly, the banking industry won't agree!"

"As long as the Federal Reserve Bank issues a statement stating that it will no longer accept the exchange service of the Federal Sol from today, there will be huge financial problems in the entire world!"

In fact, there are more radical ways. For example, the Federal Reserve Bank does not recognize the value of the Federal Sol, and then prints its own currency.

Just like Lynch did at Slem.

Now the habit of using chips in Slem has begun to take root among people, because as the world's most popular tourist destination, it is impossible for people to hold the currencies of dozens of different countries for transactions.

On the contrary, the chips provide the convenience of circulation. If Lynch then "prices" the chips, for example, linking the price of the chips to the price of gold.

Publicly store a certain amount of gold, then the chips can be completely separated from the currencies of the Federal Sol and other countries, and become a completely independent regional currency!
Who can say that Slem's chips are just a handicraft?

As long as Blackstone Bank, including other banks, is willing to provide acceptance services for it, then it is a regional currency, and no one can change this fact.

But if the Federal Reserve Bank does not provide various services to the Federal Reserve, a series of troubles will arise.

People at the bottom are the stupidest and most easily incited!

Listening to what Lynch said, Connor's mind was about to smoke. After a long silence, he came to a conclusion.

"You mean it's not easy to do, do you?"

Lynch was not surprised by this conclusion. If Kang An was really proficient in everything, he should be in a university, not in the presidential palace.

"Yes, it's very difficult to deal with, but if you want to touch this issue, the best way is to tell the people at the Federal Reserve Bank about it, they will be more anxious than you!"

"You don't need to do anything, and there is a high probability that this matter will have a relatively fair result."

Connor was surprised, "It's that simple?"

"If I don't do anything, there will be results. Are you sure it's a positive result?"

"Instead of some bad result?"

"Yes, I'm pretty sure, Mr. President."

Lynch said he was serious when he used "Mr. President", and Connor decided to follow Lynch's suggestion after listening, although he didn't know why.

Many people actually don’t know why, I give you ten yuan, and then you print ten yuan bills to me, ten yuan is exchanged for ten yuan, you don’t get anything more than ten yuan, and I don’t get more than ten yuan Something for ten bucks.

Why is the Federal Reserve going crazy over this?
Many people think so, including Connor.

But in fact, this is not the case!

What Connor paid was ten dollars that had been given a real value, and what he got was just the printed matter from the printing factory!

Ten dollars, in exchange for something that may cost only two or three dollars, and the rest is the "profit" of the Federal Reserve Bank.

Of course some people will be jealous of such a high profit!

But because the issuance of currency is a very serious matter, it is impossible for the Federal Reserve Bank to print it casually.

Like this additional currency issuance, the Federal Reserve Bank's income may exceed tens of billions, or even tens of billions!

Now someone wants to share the money, they will definitely not agree!
After hanging up the phone, Connor called the Chairman of the Board of Directors of the Federal Savings Bank, and casually mentioned that someone had submitted a document on the alleged monopoly of the Federal Savings Bank.

Connor hopes that the Federal Reserve Bank can send a few people to come up with some materials and explain it to the Presidential Palace.

The chairman of the board of directors was dumbfounded when he heard this. For the first time in two or three hundred years, someone pointed the finger at them!
While there was so much anger in his heart, he had to fucking lower his voice and explain to Connor that this wasn't a monopoly, he was very angry!

After the call ended, the chairman of the board of directors immediately called for an enlarged board meeting. All board members, as well as some major shareholders, were asked to join the conference call.

When he explained the content of Connor's phone call, many people's blood pressure rose instantly!