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Chapter 399 Financial Center

On a sunny day, the Siberian Marquis was working hard in the luxury private room in the casino...

"Brother, you are addicted to the card table every day, and sooner or later you will be abandoned." Ji Qingsu had no choice but to persuade him after winning another game, "You should find some serious things to do."

"I'm practicing poker skills hard, and it's just a serious matter. If I meet a gambling king in the future, I won't be helpless."

"It sounds like that." Ji Qingsu pointed out seriously, "But you can only play Landlords with me every day, what kind of skill can you learn?"

"Miss Su's words are reasonable." Tiandaoquan agreed, "Master, no matter how many cards you play like this, it will not be effective."

Ji Aojian frowned and looked very distressed, "Then how should I practice?"

The sister said, "Before the fourth sister left, she left a way."

"What method?"

"She suggested that you go to the lobby on the first floor to be a dealer, and focus on studying the technical playing styles and gambling mentality of all kinds of people. After you have seen countless people, you will naturally be able to practice magical card skills."

"I'm so pleased with countless people?" Ji Aojian shivered without realizing it. "When I have time, I'll think about it. Now let's find some serious things to do."

Tiandaoquan quickly washed the cards and put them away, waiting for the Marquis to start the issue.

Ji Aojian sighed slowly, "Now, under our feet is a gambling city that can make money every day, and the other side is a bustling industrial city. A port where thousands of sails are fighting for the first time are still being built. Is it a prosperous and prosperous scene?"

The two girls nodded together.

"Then what do you think about the next step of development?"

The two girls shook their heads together.

Seeing their expectant eyes look at him, Ji Aojian smiled with satisfaction, "In this era of globalization, if a city is a tourism center, an industrial center, a trade center, and a shipping center, it should also become a financial center."

Tiandaoquan asked in a daze, "What is finance?"

"The financial industry is a catalyst for economic development." Ji Aojian waved his hand imposingly, "Do you know why port trade on the west coast of North America is not as good as cities on the east coast of the United States? The main reason is that it lacks support from the financial industry."

Ji Qingsu asked, "Brother. How does the financial industry support maritime trade?"

"Doing business overseas is a very risky thing. It may not only encounter natural disasters caused by hurricanes and waves, but also cause disasters caused by pirates and robbers. It may also encounter market factors such as price fluctuations, which will lead to losses for merchants, which limits the development of transportation trade."

Ji Aojian raised one finger after another, "So. If we can provide commercial insurance for merchant ships going to sea, we can disperse market risks and solve their worries, which will naturally promote the rapid development of the trade industry."

"That means, we should open an insurance company?" Ji Qingsu immediately understood.

Ji Aojian put his finger back, "That's exactly what it is."

Tiandaoquan said to himself, "It turns out that the financial industry is an insurance company."

"Marine insurance is just one of the financial industries." Ji Aojian changed his mind, "The most core industry in finance is banks. Since we even open insurance companies, we should set up our own banks."

Tiandaoquan asked again. "What is the bank?"

Ji Qingsu helped explain, "What the silver bank does is bank business."

"Banks absorb private savings and issue loans can use one dollar as two dollars and three dollars to create a currency multiplier." Ji Aojian pointed at the distance, "Although we have gold mines in hand now, capital is not a problem, but it is too real to always use gold to pay transactions directly."

Tiandaoquan said in confusion, "Isn't it good to be a more realistic person?"

"This question has already involved the realm of life and philosophy, and it is difficult for me to answer you." Ji Aojian said seriously, "But you have to understand one thing: if you use some bank notes instead of gold circulation, we can double the scale of our capital, and at the same time do more business and invest more projects."

"So there is such a great benefit." Tiandaoquan had no objection, "Then master, please set up a bank quickly and vigorously build a financial center."

Ji Aojian nodded, "I am already preparing for this matter, and I have already thought of the name, and I am ready to call it Qingmeng Bank."

"This name cannot be used!" The younger sister next to her immediately became anxious.

"Why can't it be used?"

"It sounds like a dream of Qingqiu. Brother, think about it. A customer deposits money in the bank and turns out to be a dream of Qingqiu. Who else will save?"

Ji Aojian woke up, "You said it well, what name should I give me?"

"I'll name it after the name of Sister Qi and Sister Ba, they are bankers."

"Since that's the case." Ji Aojian thought for a while and decided, "It's called the Ink Bank."

Tiandaoquan asked, "Why is Miss Eight's name before Miss Seven?"

"The word ink sounds vulgar. The word ink sounds very elegant." Ji Aojian said, "At this time, we should consider it from an aesthetic point of view, so we don't have to worry about their rankings."

After confirming the bank name, I began to calculate how much reserves I injected.

As we calculated, Xiao Su was very happy, "It's great to guard a big gold mine, and our reserves are really sufficient."

Ji Aojian nodded repeatedly, "Yes, yes."

"Since we have such sufficient reserves, we can still transport some of the gold back to China to support Qijie and Bajie's banks."

Ji Aojian shook his head repeatedly, "No, no, no."

My sister was surprised, "Why is this not good? Shouldn't we help domestic construction?"

"I have to help you, but it's not good to just transport gold back."

"Why?"

"The price of precious metals is different in different regions of the world." Ji Aojian explained, "In China, gold is cheap and silver is expensive, so it is not worth getting gold back. The correct way is to change the gold to Mexican Eagle Ocean here first, and then transport the silver dollars back to China, which is the cost-effective."

Tiandaoquan asked in surprise. "So, in different countries, the price comparison between gold and silver is different?"

"Yes, because the exchange prices of gold and silver are different, there is arbitrage space." Ji Aojian said, "Some foreign merchants specially transport gold to Europe and the United States to exchange silver dollars, and then transport silver dollars to China to exchange gold. You can make money even if you trade both ends."

"There are actually people who specialize in reselling gold and silver!"

"From this point, we can see that China is suitable for implementing the silver standard system. Foreign countries are suitable for implementing the gold standard system." Ji Aojian said, "In the future, we can fill ships with silver dollars and go to China to purchase bulk silk tea, and the reserves of the seventh sister and eighth sister will naturally be sufficient."

Ji Qingsu said, "But California has too few populations and lacks consumption capacity, so there is no need to eat so many goods, right?"

"It doesn't matter. As long as you eat the goods, there will be benefits."

"Brother, what does this mean?"

"For example, California needs 100 tons of tea a year, but when we go to China to purchase goods, we eat 1,000 tons of tea or even more." Ji Aojian gave an example. "As long as we buy enough, the supply capacity of tea will be shortened. The price of tea will naturally soar. Then we sell the tea to merchants in other countries at the high prices in the market."

"Wait a minute." Ji Qingsu recalled, "What you said sounds like hoarding, it seems like something that only a bad businessman would do."

"In ancient times, it was indeed called hoarding, which was also an important reason for suppressing merchants in all dynasties in China." Ji Aojian smiled slightly, "But in modern times, hoarding has a new name, called bulk goods futures trading."

"Although I changed my name, it hasn't changed in essence, right?"

"Of course, there is no change." Ji Aojian said, "In ancient times, the state controlled capital, but modern times, the capital controlled the country. As long as you have strong capital, you can manipulate the price of commodities at will, and even make the goods completely deviate from cost value and market needs."

"In this case, isn't futures trading just making huge profits that should not be achieved?"

"Because of huge profits, futures trading also belongs to the financial industry."

Ji Aojian continued happily, "As long as we cooperate with Sister Qi and Sister Ba, we will soon establish the first commodity futures trading market in China. What they need is a powerful foreign buyer to support and assist in the market price. The next operation is to deduct it in a round-robin manner, which is natural."

Ji Qingsu hesitated, "But, it's not good for my family to build a hoarding trading platform, right?"

"You think too much, this futures market has important strategic significance and must be there."

“What is the strategic significance?”

"Before the invention of telegrams, communication was inconvenient around the world, and the price of goods was mainly determined by the place of origin." Ji Aojian sighed, "However, within ten years, telegrams may be spread all over the world. At that time, the financial center with a commodity trading market could immediately determine the prices of goods from all over the country, and from then on, the products and raw materials of backward countries will be truly turned into objects of plunder."

"this……"

"We have established our own commodity futures market in China, which is equivalent to providing a layer of protection so that foreigners cannot directly determine the price of origin of Chinese goods." Ji Aojian said earnestly, "In the era of capital, you are not allowed to be ruthless. You must have financial means that others have, otherwise it is equivalent to giving up the right to formulate economic rules to others."

"I understand, then should we also establish a futures market in California?"

"Yes, we will build the largest futures exchange in North America in the future."

Ji Aojian said with great enthusiasm, "The insurance industry, banking industry, futures market, and stock exchanges cannot be left behind! Our goal is to replace New York and become the financial center of America!"

The two girls were infected by his tone. Although they were not sure what New York meant, their eyes unknowingly showed a glimmer of excitement.

"Master." Tian Daoquan suddenly thought of a question, "Is the gambling industry considered the financial industry?"

"What?" Ji Aojian couldn't help but be surprised, "How did you think of these two together?"

"The financial industry you just heard about seems to be mostly deceptive activities." Tian Daoquan replied respectfully, "Gambling is also a deceptive act, so I think it should be the same thing, right?"

"There is no standard answer to this question." Ji Aojian coughed a few times, "You can also regard gambling as a financial industry, and I don't object to it."

Ji Qingsu said, "I also think it should belong to finance."

Tiandaoquan then asked, "Then, Jinshan City is already a casino, can it be called a financial city?"

"If you can be called a financial city by the world, the threshold is very high." Ji Aojian said, "Now, only London is qualified to claim to be self-proclaimed, and even New York is far from practicing."

Tiandaoquan seemed to understand but not understand, nodded without saying a word.

"By the way, your words just now reminded me that since this place is already a casino, Xiaohui should leave here and go to Dream City to be the mayor." Ji Aojian said to her, "You can serve as the mayor here as a part-time position."

Ji Qingsu asked, "Why should Xiaohui leave?"

"You think, this is a city of pleasure that is drunk and dreamy, a cave of gold." Ji Aojian sighed, "Xiao Hui is not well-informed in the world and has insufficient experience. She may be poisoned in this big dyeing vat."

"Then don't worry about letting the girl Tiandao stay and be poisoned?"
Chapter completed!
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