Chapter 974 - Start the Money Printers (1/2)
Chapter 974 Start the Money Printers
The construction of the sube Island to Malaysia was half coun for the cable to Australia The cable from the New Malaysia Special District to India had also entered the preparation stage of the project
As Jiang Chen had planned, the global power grid plan was progressing
Only due to the accidents in Europe did Jiang Chen have to end his trip ahead of schedule In the list of first countries that joined Celestial Trade’s global power grid, the name South Korea won’t be a part of it
But it didn’tChen couldn’t travel the world for several cables
When other countries see the benefits of iotiate
At that tier be a buyerthe electrification of society, drastically reducing the cost of industrial electricity, i the burden of thereneration on the environ Chen also believed that most countries would not turn a blind eye to this
After returning to Xin, the first thing Jiang Chen did was convene a Xin Reserve shareholders’and put forward a resolution that had a profound impact on the country
Without any precious uarantee, the Xin Reserve announced that it will issue a total of 14 trillion XND in three batches this February according to the annual GDP data announced by the Xin National Bureau of Statistics And in the next five years, the Xin Reserve will relax the restrictions on currency issuance to meet the needs of the market
Does theChen proposed this resolution at the shareholders’ , everyone was rattled
It was not just printing banknotes, it was si the market!
Bankers and capitalists of Xin sat in the , most of ere directly or indirectly supported by Future Group Of course, rated from other countries in the Commonwealth After all, in history, this island was once a British colony
When they heard the resolution proposed by Jiang Chen, someone immediately stood up and raised objections
“It’s too crazy! The econoe scale will undoubtedly cause a large-scale devaluation!”
“This is not printing banknotes, but a bubble!”
“What is the use of printing soinflation!”
“I don’t have any opinions on printing ure of 14 trillion is simply whi is only 13 trillion Xin New Dollars, and the currency circulation is less than 500 billion—”
“Is it crazy?” Standing in theChen looked around at the shareholders “Ladies and gentlemen, our currency circulation is close to one-third of the total amount of th”
“Bubble? I want to ask you, how much of our GDP is a bubble? Which of the many businesses of Future Group becah real estate or financial speculation?”
“I want to ask you, how much of the 90 of GDP I contributed is a bubble?”