I Have a Mansion in the Post-apocalyptic World Chapter 1561: Shock the global economy
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"The global economy is standing at a historic turning point. An era that is more open and free than before has arrived. We need a currency that can represent all currencies, instead of traditional currencies for trading."
"World Joint Savings was established for this purpose."
In the face of the media reporter ’s camera, Rocky gave a speech.
World Union Savings.
Just listening to the name, it ’s not hard to guess what this organization is doing.
The originally calm weekend, because of this shocking news, suddenly became uneasy. Especially in the international financial community, with the news of the establishment of the Fed, a three-magnitude earthquake was triggered, which even overshadowed the completion of the South American space elevator.
The eyes from all over the world focused on the calm Manhattan island for the first time. The major media in the world also followed up on this matter in detail for the first time. It is currently unclear what impact this will have on the global economy, because not many people think they can succeed.
Even if Wall Street gangsters endorse collectively, it is impossible.
Unifying a currency cannot be done in one sentence. This involves too many political factors. Even if the power of the entire Wall Street is added together, it cannot be achieved. Not to mention, the boss of the global economy and the new Federal Reserve have not spoken yet.
Even if you want to set up a world joint savings, it should not be led by the First Bank of Boston. The qualifications of the future bank are higher than him and I do n’t know where to go.
Soon, however, the further development of the event was a surprise to everyone.
On the first Friday of the Fed ’s announcement, the new Fed announced a cooperation with the Fed on currency exchange ...
Huaguo, Shangjing, in an apartment in the Second Ring Road.
On the New Year ’s Day, it is rare for the family to get together for a meal.
Today ’s highlights are on TV.
"Boston First Bank and more than 20 banks and investment banks such as Chase and Citi, set up world joint savings and cooperated with central banks of various countries to issue a unified currency to strengthen free trade."
"It is reported that the Fed and the New Fed are the first to cooperate with them. The central banks of more than 20 Pacific Rim countries, including New Zealand, North America, and Canada, will join the World Bank-led unified Pacific Rim Monetary System. The contracting states will pursue more For an open free trade policy, "Shi Yuan" is used as the settlement currency. "
"CCTV reporter, report for you."
"This American is really not honest, and what new things are coming out." Wu Jianbin said with a smile while watching the ghost on the TV, facing the reporter's microphone.
"I'm afraid that the Fed is not made by Americans." Glancing at the TV screen, Wu Changfeng said with a smile.
"Oh?"
"You see that it is the First Bank of Boston that took the lead in the Fed. Do you know the origin of this bank?"
"I remember it was a US-Swiss joint venture bank, and both Chase and Citi should be better known than it." Wu Jianbin frowned.
"Boston First Bank is a strategic partner of Future Bank. The Boston consortium behind it is now the emperor behind Wall Street. I should say that. You should understand?" Wu Changfeng smiled.
"You mean, this Fed is actually a star-ring trader endorsing behind?" Wu Jianbin's eyes lit up and he immediately reacted.
"You should ask this question. If you don't endorse Star Ring Trading in the back, do you dare to play with him based on Boston First Bank? Don't say it's Boston, and the entire Wall Street is not enough to look at." For a moment, Wu Changfeng smiled and continued, "Jian Bin, you are in the real estate business, I will give you some suggestions."
"Haha, when did your brother care about business matters? Then I have to ask for advice." Wu Jianbin smiled and gave him a glass of wine.
"The times are different. Do n’t always stare at the domestic business and broaden your horizons."
"You mean that the real estate business is not working? This is impossible." Wu Jianbin shook his head and said with a smile, "The total amount of M2 has increased by 80 times in 25 years. The total economic volume is less than one-third of it, if our real estate is not there, hehe. "
Wu Changfeng smiled and said nothing.
He has already said what he should say. Believe it or not, it does n’t matter to him.
Not to mention, the business at home, he really can't look down.
There is a benefit to a unified currency, which is a matter of course.
Even the layman of economics can see that a unified currency can help reduce transaction costs, reduce the risk of exchange rate fluctuations, promote trade, increase the competitiveness of trade zones, and so on. But relatively, uniform currency also has costs.
Taking the euro zone as an example, a unified currency causes a country to lose its exchange rate and monetary policy independence. Ability when "asymmetric impact".
Taking Germany and Greece as examples, the two countries use the same currency and have the same interest rate. However, compared with Greece, German industry is more developed, the labor force is more educated, the productivity is stronger, and the cost of manufactured products is lower.
Now that the European Central Bank has issued a loan to both countries at the same time, Germany can use its advanced industry and productivity to create much greater wealth than Greece through this capital, so capital and high-quality labor are heard. Greece cannot generate such a large amount of income at all. It can only maintain the local economic status through the payment of benefits and encourage people to consume, which eventually led to the eurozone debt crisis.
However, it is undeniable that a unified currency will greatly enhance the competitiveness of the trade zone.
If the Fed by Wall Street itself is not enough to make people feel daunted, then more than a dozen Pacific Rim countries such as the New Country and the United States will be followed to participate, which is enough to make other trading areas feel real. Really panic.
It ’s true to use the word panic.
This will be a trade zone that is several times larger than the EU, and its trade efficiency and competitiveness will be unimaginable in other trade zones.
For this reason, the Kremlin has already held two temporary meetings to discuss the Fed and its possible impact on the Russian economy. Putin and the Russian Minister of Economic Development, who are on a diplomatic visit to Europe, ended their trip early and returned to the country to support the meeting.
On the other side, the same is true in Shangjing.
On the first weekend of the Fed ’s announcement, the central bank held an interim working meeting to discuss the formulation of a new monetary policy in response to the possible impact of the Fed ’s establishment.
Whether it is willing or not, the establishment of the Fed is affecting everyone ’s nerves ...
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(Since the night before yesterday, diarrhea. I lay in bed all day yesterday and did n’t eat anything. In the end, I could n’t keep going to the hospital to make a bite. I went home at night and wrote a chapter. The whole person felt He is top-heavy and ca n’t bear to lie on the bed anymore. There is only one more change today. Morning Star is here to tell the brothers that he is sorry ...)