blackstone code

Chapter 2888

The people of the Federation are so lovely.

How could the ruling class ignore their demands?

Not to mention that people’s demands are very in line with the ideas of the ruling class. At the right time, a group of right people put forward a suitable reason, completing a historical retrogression...

Of course, it cannot be completely said that the monetary system that uses gold as a reference value, that is, the gold standard system, has been defeated by the credit value system in a certain sense in the past period of time.

But defeat does not mean complete elimination. When the credit value system becomes unstable, the gold standard will naturally defeat it again and become the dominant faction.

Just like this moment.

Following strong petitions from the people, Lynch, as chairman of the board of directors of Wealth Bank, attended a tripartite meeting requested by the federal government.

Federal Government, Fortune Bank and Global Communications Group.

Although Lynch is also the chairman of the board of directors of Global Communication Group, he does not represent Global Communication Group at today's meeting. Instead, Connor serves as the representative of Global Communication Group's board of directors. This is also what he strongly requested.

He told Lynch that he had been a good guy, a bad guy, a small mayor, and a big president, but he had never been a board representative of such a monopoly group.

He hopes that he can also appear in front of the public with a new image, and his idea is supported by Lynch.

The reason why Lynch supports him is that Connor's support rate has always been very good when he was the federal president, and he has a good public base.

Unlike Mr. Trueman, whose approval ratings have waxed and waned during his term in office, Conner's approval ratings have been stable, partly because he has delivered on most of his campaign promises.

For example, we will reform the medical security system, continue to deepen the reform of pension insurance, and intensify the reform of the education system.

As for economic issues, the Federation's economy recovered very quickly during his tenure, and in a short period of time the Federal Sol became the main settlement currency for world trade.

And as the World Development Council continues to grow, the Federation's status in the world has also been significantly improved.

Although many people would think that Mr. Trueman laid the foundation for the Union, the people did not care about this.

They only care that during Mr. Trueman's administration, especially during the war, federal tax rates were outrageously high, making it almost impossible for people to afford the cost of living.

However, during Connor's administration, their income has been greatly improved, factory closures have rarely occurred, and enterprises, economy, and finance have all developed significantly.

The Federation's international image and status have also been significantly improved.

They will not think that all this is because of the good foundation laid during Mr. Trueman's administration. They will only think that it is brought about by Connor.

Coupled with the fact that the three major reforms are advancing as quickly as he promised, it is difficult to hate Connor, especially since Connor is not a hateful president.

His image is not annoying, and sometimes he is very close to the people. The people actually have nothing more to ask of him.

Connor's image and credibility are very good, so as one of the image representatives of the super monopoly group, it has a very good...deceptive effect.

After all, these generations of federal people are very disgusted with monopolies. A good image spokesperson can significantly change people's views on Global Communications Group.

The federal government was represented by Catherine, and they sat together in front of the camera and in full view of the audience.

Sitting at a special triangular negotiation table, everyone seemed very busy.

As the time pointed to ten o'clock, the negotiations officially began.

vice-president--

Ms. Tracey has officially joined the post, becoming the first female vice president in the federation... Although she is only the vice president, she also occupies a "federal first", which is also a special honor!

Moreover, she has worked with Catherine and has seen the irresistible power of Global Communications and Wealth Bank, so she is very cooperative with Catherine's work.

In this negotiation, she will do some auxiliary work to the best of her ability, such as reading out the content of the people's petition and some of the demands of Catherine's government before the negotiation begins.

Listening to the somewhat long and relatively boring content, most people did not show that kind of... impatient expression. Everyone listened carefully to every sentence and word that Ms. Tracy said.

After she finished reading this document, which resembled an opening report, the negotiations officially began.

This negotiation was broadcast to the whole world in the form of live broadcast, which will also become an important turning point in history. As a dual-currency parallel system, it is obviously different from those monetary systems in the past.

This dual currency system also brings more reliable stability. Of course, to a certain extent, it actually represents stronger dominance!

If any institution or group cannot leverage new currencies and credit points at the same time, it will be difficult for them to attack Fortune Bank and Global Communications in finance.

But if they want to be able to leverage these two currencies at the same time, the price they need to pay will be far beyond what they can get!

And Fortune Bank, or Lynch himself, will also have stronger control over the world's economy and finance.

Maybe his slight, not obvious statement can determine whether a company continues to survive or dies!

He will become a god in the financial field and a god in all industries related to money!

The negotiation itself was a performance process, because before the negotiation, the three representatives had already received the "script", a script written specifically for them by Lynch.

As the plot progresses, Lynch is reluctantly willing to let Wealth Bank, an unofficial joint-stock bank, assume such an important and heavy responsibility.

Global Connect Group will serve as a partner to help Fortune Bank and the federal government promote the circulation of new currencies.

The Commonwealth Bank, as a third-party supervisory agency, supervises Wealth Bank's practices in this regard.

It seems that this is a very stable triangular structure, but in fact, neither the federal government nor Global Communications Group has touched the core interests of currency rights. Lynch will not let go of this.

The negotiations lasted for about four days, and then the three parties reached a consensus on their opinions.

The Federal Congressional Savings Committee will be renamed the "Federal Monetary Supervisory Committee" and will remain, temporarily served by five congressional senators, responsible for supervising the issuance and circulation of new currency.

Global Communication Group will provide channels and related services for the use, cashing, payment and collection of new currencies in all its enterprises and supermarkets, providing the greatest assistance to the circulation of new currencies.

What the Wealth Bank needs to do is issue new currency and ensure that its value does not fluctuate wildly beyond the price of gold.

In a sense, credit points have not failed to become official legal tender, but they have the properties and value of currency. They are private currencies of wealth banks and global exchanges, and are parallel to new currencies.

Many ordinary people don't actually understand what this means, but there will always be some people who read something in it that ordinary people cannot.

An external monetary system, an internal and external monetary system, there are so many choices that Lynch can make!

At the end of February and early March, the new currency began to be issued amidst much attention, and redemption services were implemented in all Global Express supermarkets and Fortune Bank outlets.

One credit point can be exchanged for one hundred pieces of new currency. The maximum denomination of currency is one thousand yuan, and the minimum denomination is ten coins.

Lynch's previous idea was to offer a five-cent coin, but for some reason, the coin's cost is now high, exceeding its face value.

This kind of thing will inevitably produce a huge amount of currency in circulation. The more currency is created, the more losses will be recorded on the books, and its use is actually not very great in terms of design.

A ten-cent coin is already equal to the third decimal place of credit points. If another five-cent coin is made, it will be equivalent to the fourth decimal place, which is obviously not used.

The issuance of the new currency caused a huge sensation, and many people used their credit points to exchange new coins of various denominations for appreciation.

People seem to have a very paranoid love for newly issued currencies. Even if some people still use magnetic cards to pay, they must have a small stack of cash in their wallets!

Moreover, these new currencies are not only circulating within the Federation, but also have a huge circulation market in Nagaril.

Many paradises and many refuges hope to join the new currency system, which invisibly provides Lynch with a reliable way to rule these refuges!

At the same time, the Catherine government regretfully announced to the world that the Federal Sol will be withdrawn from circulation, and the federal government will also terminate any work and services related to the Federal Sol.

According to the new currency agreement, the federal government will use the new currency issued by Wealth Bank as the official currency and circulate throughout the federation.

At the same time, Catherine also announced that the three policies to revitalize the economy will continue to be implemented, and this time, they are using a new type of currency!

The Federation's economy immediately gained great confidence. Although there are no stock transactions on the exchange now, you can still see through some people's consumption that they are full of confidence in the Federation's economy.

The woman came home from a day's work with an extra seventy-five dollars in Singapore dollars in her account.

The current price of a pound of ground beef is about eight dollars. This price is actually quite expensive, but it is much lower than before.

This is also caused by people's very strong confidence in the new currency. If people have strong confidence in it, it will appear stronger in the circulation link, and prices will fall accordingly.

Being able to get so much money for one day's work is definitely a very, very profitable industry, but she is not that happy just because she gets so much money!

For her at this time, money can no longer be the source of her happiness as it was in the past!

(End of this chapter)