King Who Will Cross

Due to historical reasons, the currency used by Tuvalu citizens in their daily lives has always been the Australian dollar. After Li Daniu succeeded to the throne, almost all the money he earned was US dollars. Although there were also currencies from other countries, they were all used. Li Daniu changed it into US dollars.

Therefore, the commonly used currency in New Tuvalu has also changed from the Australian dollar to the US dollar.

For a country without its own currency, it is just like playing house. Although printing currency is very simple, if you want your country's currency to be effective, it requires the country to have a certain economic strength, or even A certain amount of gold reserves.

Tuvalu was once one of the least developed countries in the world. Its economic strength was naturally very poor, not to mention its gold reserves, so it was impossible to issue its own currency. If issuance is forced, it is very likely that it will be like a certain country where no one will pick up billions of dollars in banknotes while they are still on the ground.

Burns continued: Our country now has the ability to issue its own currency. Even because some of our domestic industries invested and built by you, such as airports, ports, villa areas, etc., our country's currency can be used by other countries. admit.

This proposal is very good. Li Daniu had never thought of this before. The most obvious manifestation of a country's national strength is how many countries recognize its currency.

Take the United States, for example, although there are still some small debates about whether it is the world's most powerful country. But no one can deny that the US dollar has become one of the most widely used currencies in the world.

Li Daniu didn't know much about currency, but he also knew that currency is directly related to a country's productivity, so he asked: We don't have much domestic productivity, and the government currently doesn't have any major financial sources. Now, Is it really appropriate to issue currency?”

Burns said: If it is issued by our government, then this currency does not have much practical significance. But if it is issued by you, then, depending on your relevant industry, you can definitely make the new currency available in a very short time. , becoming the mainstream common currency in our country.

I will issue it? Li Daniu was stunned for a moment. Although it is true that he is the king of New Tuvalu, there is no so-called feudal country in modern society, and New Tuvalu will naturally be no exception. Otherwise, why would there be one? What about the Prime Minister and the Government?

The king's issuance of currency, or the ancient emperor's issuance of currency, is based on their supreme power in the feudal era, but Li Daniu has been avoiding showing his supreme power in New Tuvalu.

For a country that needs to rely on foreign immigrants to expand the number of its citizens, the power of the king is too great, which will make many people who are yearning for the new Tuvalu give up the idea of ​​​​immigrating to the new Tuvalu.

Isn't this a little inappropriate?

Burns laughed and said: If it is issued directly in your name, it is definitely inappropriate, because it is equivalent to an individual issuing currency. But if it is issued in another way, it will definitely not exist. Inappropriate question.”

Haha...are you still showing off in front of me? Li Daniu looked at the somewhat proud Burns and laughed in his heart. It can be said that Burns's proposal is the most concessional proposal Burns has made since Li Daniu succeeded to the throne. Li Daniu proposed excitedly.

What achievement can be compared to having your own currency recognized by a country?

Will it even be recognized by the world as a bigger one in the future?

Burns said awkwardly: Your royal family and the government will jointly establish a bank, and then this bank will issue currency. Your royal family will provide value protection for the currency, and the government will provide legal protection for the currency.

Although Li Daniu, as the king of the new Tuvalu, has the right to appoint the prime minister and even make changes to the law under certain specific conditions. But Li Daniu also has to abide by the laws established by the government formed by the Prime Minister. This mutual restraint is the reason why New Tuvalu can receive so many immigration applications.

In modern society, who wants to immigrate to a country with a dictator?

In their daily lives, the citizens of New Tuvalu also abide by the laws formulated by the government and voted by the people of the country. Instead of obeying the orders issued by Li Daniu as the king, Li Daniu did not even have the power to order any citizen of New Tuvalu to do something that this person did not want to do.

Units such as the Public Security Bureau, Procuratorate, and Judiciary also take orders from the government, not directly from the palace.

Although many people in foreign countries still believe that these restrictions and freedoms are superficial, in fact the government is still controlled by King Li Daniu. But absolute equality for more people? It really doesn’t exist in this world.

Isn't the United States, which claims to be a democratically elected president, actually controlled by some financial groups?

For many people, Li Daniu himself has become the richest man with a net worth of over 100 billion US dollars through his own 'efforts'. The properties under his name are cash cows, and he even sponsors the government to provide cash cows to all new Tuvalu citizens every month. Welfare, how can one abuse power because of money?

As for abusing power because of beauty?

Millions of women of working age have said: There is no need for His Majesty the King to abuse his power, and we are willing to be more proactive.

After hearing Burns' suggestion, Li Daniu understood instantly and said, If I do this, do I need to prepare some gold reserves? After all, our country is currently in the investment and development stage and has not generated its own productivity. .”

Burns said: This is very necessary, because the currency itself has no value. What allows the currency to generate purchasing power is the economic strength and credibility of the institution that issues the currency. You do not lack economic strength, but your economic strength They are all in some industries, and these industries are not suitable as value guarantee reserves for currencies. Therefore, a certain degree of gold reserves can make currencies become mainstream currencies more quickly.

In addition to gold reserves, what else needs to be done? Li Daniu asked very humbly.

Burns replied: In addition, your industry, as well as the government's industry, must be willing to accept this currency and use this currency. Such as power companies, water companies, and those that provide daily necessities to citizens. Shopping malls, etc…”

How do you talk about this so honestly? Li Daniu was very curious.

Burns said with some shame: Actually, when I was studying abroad, the most important thing I learned was financial knowledge.

Then you can temporarily serve as the governor of the new Central Bank of Tuvalu. Li Daniu was too lazy to listen to those troublesome things. He waved his hand and said: Make specific plans and plans, and then I will solve the problems that you can't solve. Just the question.”

“Actually, this plan was already ready when I returned to Tuvalu to work. When I was studying abroad, I always dreamed that one day our country would be able to issue its own currency instead of using the currencies of other countries. Burns said with some excitement: Based on the current development situation of our new Tuvalu and the future development trend, I have made changes to the previous currency issuance plan.

Then please tell me briefly, what are the problems?

The first is the magnitude of gold reserves. In fact, it is not necessary to issue as much currency as there are gold reserves. With the current situation in our new Tuvalu, this ratio can be raised to more than 1-100. Secondly, the new currency To determine the value, in the early stage, we cannot let the market determine the value of currency. Instead, we should set up a price bureau to price goods. Finally, it is the quantity of the first issue of currency. We cannot issue more than our national economy at one time. A currency with total strength will only cause currency depreciation.

1-100? What Li Daniu was thinking of at this moment was that many countries did not have much gold reserves at all, but they were able to issue trillions of currencies. This also shows from the side that the current new Tuvalu has as much national power as There are still very big gaps in many countries.

Burns comforted: Your Majesty the King, I believe that in the future, our new Tuvalu will not need much gold reserves and will be able to issue a very large amount of currency.

Then let's determine the domestic purchasing power of the new currency based on the current purchasing power of the U.S. dollar. Li Daniu said: Then issue a relative amount of currency based on the total amount of money currently needed. As for whether foreign countries recognize it or not, that's not what we are doing now. Something that can be mastered.”

Dollar? Burns was once again shocked by Li Daniu's ambition. According to Li Daniu's usual behavior, he set the domestic purchasing power of the new Tuvalu currency at the same level as the US dollar. That is, he wanted to make the new Tuvalu currency the same in the future. , replacing the status of the US dollar, and even surpassing the current status of the US dollar in the world.

Is this possible? (To be continued.)