Chapter 828 Positive and Negative Changes in Situations
“You look at me and say, with you, the more I learn, the more things I find I don’t know.”
The director looked out the window, blinking his eyes, almost doubting life.
When I first learned from Hanhan, I found that there were so many bright windows open, and I was eager to learn.
As the level went up, the window turned into a door, and I could chat with His Majesty and the ministers, and come up with ideas to satisfy myself.
It doesn’t matter now. Where is the door open? Everyone is at a loss. Keep living and be strong. You didn’t starve yourself to death when you were a child. Now it’s better to die than to live. Zhu Yichang, you can do it. Come on this year. I will go to the memorial hall to cry during the Chinese New Year. No, I will cry during the Qingming Festival.
God knows that Zhu Wen is more patient when there are so many psychological activities.
"Li Chang, let's talk about a relatively negative interest rate first. If you deposit your money in the bank, you will get a consistent interest of 100 guan a year.
When you save, a pound of indica rice will cost you a penny. , after saving, the price of indica rice will increase, and the price of other things will increase accordingly.
A year later, the price of indica rice will be two cents per pound, and everything else will double. Instead of depositing the money in the bank, you bought indica rice. If you sell the indica rice, one hundred guan becomes two hundred guan.
That is, the bank interest rate has not exceeded inflation. This is called relative negative interest rate. I am here. , the Ming Dynasty does not allow such a situation to happen."
The head of the village nodded repeatedly, "I know, I know, food is getting more and more expensive, and we can't afford to eat. We don't need to use ordinary food. If you don't tell us all about the disaster, Shandong. This is the case in Hebei, Henan, and other places."
"The absolute negative interest rate of commercial banks is the same as that of the previous gold and silver shops. If you deposit a hundred dollars, you will have to give it to me. If you have one yuan of money, you will have ninety-nine yuan of money left.
Theoretically, this situation does not exist in commercial banks. Otherwise, if the bank has no deposits, it will not be able to lend money, and then it will not be able to pay wages to its employees.
But there are special circumstances. For example, if you use the money that should have been deposited in the bank to do business, your profit is 10%.
Then our Ming Dynasty treasure banknotes are valuable. Now, the purchasing power is twice that of before. Even if you give me 1% of the money, you still get 98% of the profit, which is 88% higher than what you did in business.
This is internal, but externally there are foreigners who also want to deposit their money in our bank. They see that we are developing well and use their money to buy more things.
I don’t agree. , I am not short of money, so why should I ask you to take the money to make money? Then I will charge you more money. For example, if you deposit a hundred coins, I will charge you fifty coins.
You either. Lose money, or don’t get involved, I refuse you and won’t give you the opportunity to share the benefits. This is called absolute negative interest rates.”
Zhu Wentian talked about both internal and external situations, and they are different in different periods. Considering the interests, of course the measures taken are also different.
“Then if I don’t invest my money, I’ll just keep the cash at home and earn negative profits.Didn’t I make money when the rate was high?” The manager expressed his inner doubts.
“Yes, this is the problem we encountered before the Ming Dynasty, or when there was no change. No one spent money. , there is insufficient currency in circulation, so it can only issue treasure banknotes without collateral, and enforce them through administrative means.
When there is insufficient physical currency as a carrier of currency, deflation begins and the country enters the economic stagflation mode, which is very harmful. Then artificial inflation can only be created.
Private overseas trade is prohibited, official overseas trade regulations are cancelled, internal routes are restricted, and the country remains a stagnant water.
The issuance of that kind of treasure banknote is to continue to pour water into a pool of stagnant water. It looks diluted, but there is evaporation, and productivity cannot be improved. What is the use of adding water?
Pigs don’t gain fat. If you fill the pigs with water and then sell the pork, the people who eat it will gain weight and not be short of oil and water.
You don’t spend your money, you keep it. People don’t want your money after you earn it. When you pay land tax, you pay Baobao, and when you pay taxes, what’s the use of your money?”
“Oh my God, what a shame, if it weren’t for us, wouldn’t it be”< /p>
“You already have it, don’t think about what you don’t have, it’s good now.
Let me give you a brief introduction to the central bank’s negative interest rates. First, you must understand whether active negative interest rates or passive negative interest rates are very different.
The purpose of the central bank's proactive negative interest rates is to allow lower-level commercial banks to spend money. Generally, as long as the central bank adopts negative interest rates, commercial banks will lower reserve requirements, lower reserve ratios, lower deposit interest rates, and lower loan interest rates. .
Ask your commercial bank or financial institution not to keep the money, but to release it quickly. This is proactive.
There is also the passive type. The Ming Dynasty treasure banknotes are valuable, which is most important when dealing with the outside world. Others are willing to use the Ming Dynasty treasure banknotes, just like the Japanese and Korean countries used the copper coins of our previous dynasty as currency.
When this appreciation reaches a certain level, passive negative interest rates will begin. The faster the appreciation, the greater the appreciation.
The more negative interest rates become, the faster they will rise, and believe it or not, inflation will rise because when you raise interest rates, you artificially make money more profitable.
The purpose of raising interest rates is to curb currency circulation, but the interest raised will eventually be released.
So when our Ming Dynasty banknotes become the currency of more countries, we will need to adjust by raising and lowering interest rates.
The effects of deflation and inflation when the central bank raises interest rates depend on the degree of domestic economic development. If industry employment is unstable, inflation will rise if you raise interest rates.
What I said is not entirely correct, but the simplest thing is, you haven’t eaten meat for a year, and I suddenly make you a big pot of braised pork, the fragrant kind, what do you think?”< /p>
“I want to take some antidiarrheal medicine. "The manager understood this time," Monetary policy is in conjunction with economic policy, both domestic and foreign. It depends on how you choose. Although ginseng is good and can save lives, it can also kill lives. ”
He understood a general idea, that is, he understood how toWhat's going on? As for the specific operation
"Let's go get the hotpot stuff now. I have a little tinnitus. Is it because I'm angry?"
Close your eyes. , opened it immediately, and felt like the world was spinning when it was closed.
Zhu Wentian stood up and came behind Li Chang, and rubbed his hands on the neck and head behind the ears. This gesture is very simple and can be done by himself.
Just hold your chin with both hands, then put your hands behind your ears, and push from the neck to the back of the ears to the top of the head. Many tinnitus will be cured.
Even if you don’t feel tinnitus, you will find it comfortable after pushing it a few times and feeling it again.
"Okay" Zhu Wentian said the same thing. He let go and prepared to wash his hands. His skin was oily.
“It’s not buzzing anymore. There were actually four children at that time. We don’t know why. We didn’t even go to the place where the three children were. We went directly to your place and took you back. Oh my God. Open your eyes."
Li Chang sighed with emotion. There were so many choices before, but he chose this one and took it back to raise.
Then when I was fifteen, the age when I should have tied my hair, I became what I am now.
If you have tinnitus, go to the imperial doctor and he will take your pulse. Hanhan just come over and rub it.
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