C2703 Make him four hundred million taels of silver!] (1/2)

In this era where gold was the standard, the currency values of all countries were very stable, and there was no large scale inflation at all. Contrary to that, deflation was actually quite common.

Famous novel Jane Eyre, in which the heroine works as a governess at Thornfield Manor, only earns 20 pounds a year.

Darwin, the author of the origin of the species, bought himself a big country house in his late years and brought the land, for just over two thousand pounds.

The total cost of Wembley was over seventy thousand pounds!

The average male employee in the City of London would earn around one hundred pounds a year, while the female staff would earn less than fifty pounds a year.

With such a comparison, the value of the thirty million that Xiao Letian had invested was incomparably shocking!

If it were to be changed again, based on the exchange rate of one pound against four taels of clear silver, Xiao Letian would have taken out a total of 120 million silver for this gamble.

How could Xiao Letian have so much money? This question was probably unfathomable to all of the people in the Great Qing, and those who did not truly understand the modern financial system would not be able to understand it, but to the confused Great Qing people, the series of financial tricks that Xiao Letian played were completely foreign to them.

The Chinese were an independent and independent country, and even the United Kingdom had recognized this. Since it was a country, it must have the right to tax, and the areas under Chinese control were also very well-developed and had an adequate fiscal surplus.

More importantly, the Chinese people controlled the printing of half of the Great Qing's currency notes, and these currency notes used silver as their standard and tax protection as their double insurance.

Banknotes could be exchanged for silver and could also be used to pay taxes. This way, the citizens would not have any objections to the banknotes, and when the confidence of the banknotes increased, Xiao Letian would secretly add water to them.

The so called mixed water was to issue paper money which far exceeded your silver stock. This was to dilute the wealth of the people in Great Qing.

For example, when Xiao Letian had a hundred million silver taels in his treasury, he would dare to print a hundred and fifty million silver taels in notes.

Theoretically speaking, once the citizens started to run and exchanged their money for silver, Xiao Letian would not be able to do so. However, this kind of situation would never happen.

The extra fifty million silver taels notes were the money that Xiao Letian had taken from the citizens. He could use these notes to purchase goods from the citizens, and then transport them to the entire world to earn a lot of money.

The size of Great Qing's economy was too big and there were too many people. Xiao Letian drew tens of millions of silver from this economy every year, which simply could not affect the stability of society.

The public would only think that the price had increased a little, but it was definitely an acceptable increase. This was what boiling a frog in warm water meant!

The financial surplus in the treasury and the pumping of the inflation in the bills weren't everything that Xiao Letian could do to earn money, but there were still a lot of other ways to earn money.

Xiao Letian had business in his hands, the Hidden Dragon Plan was, in the end, a tycoon. All the Chinese aristocrats had shares in this tycoon, and this was an economic community.

This tycoon is going to make money, through stock swap, direct investment, indirect investment... All kinds of methods were used to infiltrate the Chinese business field, and the annual profit from Hidden Dragon Project was not a small amount.

, who had single-handedly promoted Mr. Liu Chouchu, had become the first God of Wealth.

The biggest stock market in Asia, the Suzhou Exchange, was under Xiao Letian's control. Every year, he would withdraw an enormous amount of wealth for Xiao Letian.

120 million silver!