Chapter 975 (1/2)

The construction of the submarine transmission cable from ANGA island to Malaysia is half way through. Construction of the submarine cable in Australia has begun. The submarine transmission cable from Singapore to India has also entered the preparatory stage of the project.

As in the Jiangchen plan, the global power grid plan is steadily and orderly promoted.

However, due to the accident in Europe, Jiang Chen had to finish his trip ahead of schedule and return home. South Korea was missing from the first batch of countries to join the global power grid list of star ring trade.

But it doesn't matter. Jiang Chen can't travel all over the world for these submarine cables.

When other countries see the benefits of importing electricity from new countries, they will naturally come to the door to negotiate.

At that time, it will not be a buyer's market, but a thorough seller's market.

Promote the development of social electrification, substantially reduce the cost of industrial electricity, improve the energy structure, and reduce the burden of thermal power generation on the environment These are visible benefits, and Jiang Chen believes that most countries will not turn a blind eye to them.

After returning home, Jiang Chengan's first thing was to hold a shareholders' meeting of the new Federal Reserve and put forward a resolution of far-reaching significance to the new country.

Without any precious metals as guarantee, the new Federal Reserve announced that it would issue a total of SGD 4 trillion in three times in February according to the annual GDP data of the new country released by the National Bureau of statistics, which will be put on the market in batches in the coming year. And in the next five years, the new Fed will ease the restrictions on currency issuance to meet the needs of the market.

Does the market really need it?

When Jiang Chen put forward this resolution at the general meeting of shareholders, there was an uproar at the meeting.

This is not a banknote printing ticket. It's just a flood!

Sitting here are the bankers and capitalists in Singapore. Most of them are directly or indirectly supported by the future people group. Of course, many of them have emigrated from other countries in the Commonwealth. After all, the island was once a British colony in history.

After hearing the resolution put forward by Jiang Chen, someone immediately stood up and raised an objection.

”What a mess! The new country's economy has not been easy to stabilize. Now printing banknotes on such a large scale will undoubtedly lead to large-scale devaluation! ”

”it's not a banknote, it's a bubble!”

”What's the use of printing so much money? I don't see any benefit except to induce inflation! ”

”I don't mind printing money, but the figure of 40000 is just fantastic! At present, the total amount of money issued by us is only S $70000, and the currency circulation is less than S $50 million - ”

” is it disorderly? ” Standing at the meeting hall of the new Federal Reserve shareholders' meeting, Jiang Chen looked around all the shareholders of the new Federal Reserve. ”Ladies and gentlemen, our currency circulation has been close to one third of the total amount of money. What does this mean? That means we have the strength. ”

”bubble?” I want to ask you, how many of our GDP are bubbles? Among the many businesses of futuren group, which one is the top 500 enterprises in the world through real estate or financial speculation

, ”I would like to ask you how many of the ninety percent of my contribution GDP is a bubble?”

All the shareholders of the new Federal Reserve were speechless in this overbearing speech.

As Jiang Chen said, 90% of new China's GDP is directly related to futuren group and star ring trading, and the remaining 10% is basically indirectly related to the man in front of him.

After all, four years ago, people on Panu Island were still fishing and counting bananas. Today, more than four years later, they have not only built the longest span undersea tunnel in the world, but also built a colony on the far away moon by putting elevators into synchronous orbit.

It can be said that everything in the new country is because of the man in front of them.

”This is a new dollar, the currency of our new country.” Jiang Chen took out a coin from his pocket, shook it in front of everyone and patted it on the table. ”It will become the currency of the whole world in five years at most.”