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Chapter 1615 20 Million Dollars

Zhong Yi said it more bluntly: "There are only two people in China who know some finance and have some background. However, the surname Kong has been dead for many days. The surname Song has just gone to the United States, so no one in China can stop us."

What Zhong Yi said is that Kong Xiangxi and Song Ziwen were also in China. If one of these two people was still in China, their corporate bonds would be difficult to operate, but now there are no obstacles.

Yu Feipeng was still a little worried and frowned and said, "Zi Ren, and Lao Xiao, is it really okay?"

"What's the problem?" Zhong Yi said with a smile, "Old Xiao just said that stocks rise and fall are market behavior. If you lose money in stocks, you can find someone to lose money. Can you become a scoundrel?"

"Okay!" Yu Feipeng slapped his thigh and said in a deep voice, "Then let's do it!"

After a pause, Yu Feipeng asked again: "But, how much is this bond issued?"

Zhong Yi asked without answering, "Uncle Yu, how much idle funds are there in Chongqing?"

"I can't tell you this." Yu Feipeng shook his head and continued, "But there are at least 500,000 celebrities and government officials from all walks of life who fled from all over the country to Chongqing. Even if more than half of them are women, children, there are at least 200,000 wealthy families. The total assets of all families are totaled, and there must be 2 billion.

"Old Yu's judgment is basically reliable." Xiao Tongzi nodded and said, "Even if the exchange rate of fiat currency has now been decoupled from the US dollar and the British pound, ten fiat currency can still be exchanged for one dollar. In other words, the total wealth accumulated in Chongqing is enough to be 200 million US dollars, and it would be a waste of resources if this money is not used."

Zhong Yi nodded slightly, basically agreeing with Yu Feipeng's judgment.

During the Republic of China period, the gap between the rich and the poor was so big that it was very shocking.

Most ordinary people are unable to eat, but the salaries of government officials and celebrities in the literary and artistic circles are astonishingly high.

To give a familiar example, Mr. Luxun’s salary level at that time was converted into the current RMB, which was nearly 200,000 yuan! And this is a monthly salary!

This is just the salary in the literary and artistic circles, and the business circles are even more amazing.

I won’t say much about top families like the Kong family and the Song family. Even third-rate families like the Zhang family, of course, what I’m talking about here is the Zhang family before investing in Yinjiang, whose assets are as high as millions of yuan.

Therefore, Yu Feipeng estimated that there were 2 billion idle funds deposited in Chongqing, which is actually relatively conservative.

Moreover, most of these money lie in the form of US dollars, pounds, gold or silver dollars, on the accounts of major banks, or simply buried underground and did not participate in circulation.

To put it bluntly, these are all dead money.

What Zhong Yi has to do now is to let the dead money be recirculated in the form of investment in infrastructure.

Of course, while investing in infrastructure and revitalizing the economy, Zhong Yi doesn't mind attacking those bloodthirsty capitalists who ignore national interests.

Zhong Yi said: "Uncle Yu, please issue 20 million bonds first."

"Issue 20 million yuan?" Yu Feipeng calculated for a moment, nodded and said, "Although it's a little less, it can still do a lot of things, so just 20 million yuan."

Zhong Yi smiled slightly and said, "Uncle Yu, I'm talking about US dollars."

"Ah, are you talking about US dollars?" Yu Feipeng said in surprise, "Directly issue US dollar bonds?"

"Of course, you cannot issue US dollar bonds directly, otherwise the presidents of major banks will not cause trouble for you." Zhong Yi shook his head and then continued, "You just say it is a silver dollar bond. The bonds are only linked to silver dollars. The yellow price of the equivalent value, the US dollar, pound and fiat currency can all be purchased, but there is one thing to be explained in advance."

Yu Feipeng asked, "What should I explain in advance?"

Zhong Yi smiled and said, "Investors who use fiat currency to buy bonds will only pay fiat currency at the end of the settlement."

"Gao, Ziren's move is really clever." Xiao Tongzi applauded and smiled, "With the current depreciation of fiat currency, people who use fiat currency to buy bonds cannot make profits, but may instead pay the China-Myanmar Transportation Administration."

Yu Feipeng was a little confused and asked in a daze: "Old Xiao, what do you mean? Why can't I understand?"

"Isn't this simple?" Xiao Tongzi shook his head and said, "For example, I bought the bonds of your China-Myanmar Transportation Company with 10,000 yuan of fiat currency, and then you exchange them for US dollars in the bank. At the current exchange rate, you can exchange them for 1,000 yuan of US dollars. Then after a year, the fiat currency exchange rate is estimated to have fallen to 10,000 yuan. You can exchange them for 10,000 yuan of fiat currency. Then you can exchange them for 20,000 yuan of fiat currency. This means that you charged me 1,000 yuan of dollars, but in the end, you only gave me 400 US dollars in total, which wouldn't you make a net profit of 600 US dollars?"

Yu Feipeng frowned and said, "But the problem is that fiat currency cannot be exchanged for US dollars now."

Since the beginning of this year, the National Government has given up its efforts to stabilize the value of fiat currency and no longer repurchase fiat currency from major banks with gold, pounds and US dollars. Therefore, major banks no longer accept fiat currency, so fiat currency can only be circulated domestically and cannot participate in international trade.

Zhong Yi said: "It doesn't matter whether you exchange the US dollar or not. The reason is the same. In short, at the current depreciation rate, Uncle Yu, you will definitely make a profit without losing money. If the bond redemption time can be longer, you will make more money."

Zhong Yi has a deep memory of the depreciation of the fiat currency. If he remembers correctly, when the fiat currency was just launched in 1937, 100 fiat currency could buy two cows!

By 1939, I could only buy one pig.

By 1941, I could only buy a bag of flour.

By 1943, I could only buy one rooster.

By 1945, I could only buy two eggs!

Therefore, if the five-year bond issued by the China-Myanmar Transportation Administration now borrows money and repays it again by 45 years, then all investors who invest in the China-Myanmar Transportation Administration will basically give him money for free!

"I understand if I say so." Yu Feipeng nodded, "If this is the case, will anyone still buy bonds?"

"Why not buy it?" Xiao Tongzi said, "With so many fiat currencies in his hand, they cannot change gold and silver, nor foreign exchange, and they do not allow them to stock up on materials. At this time, if there is a company bond from the China-Myanmar Transportation Administration, they will not enter the market like crazy? I think the market should not be too good!"

Yu Feipeng's eyes lit up and he said, "If this happens, will the scale of 20 million US dollars be too small?"

"Can't send more." Zhong Yi shook his head and said, "If the plate is too big, it will be difficult to operate."
Chapter completed!
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