Just when Kenichi Hasegawa was secretly visiting Seoul.

April 18.

A world-renowned financial summit was officially held in Dalian. In addition to the host China, there are other Asian, African and Latin America regions, as well as Lucia and several small Western countries.

The main venue of the Financial Summit is in the press conference hall of the Dalian Exchange.

There are also several sub-venue venues, including the domestic Magic City, Pengcheng, Chang'an, Moscow, Seoul and Bangkok.

The person who hosted this financial summit was Li Hongwen, general manager of Dalian Exchange, and delegations from all parties also gathered together.

The purpose of this financial summit was to resolve the current financial crisis. With the decline of the hegemony of the Mi Yuan, the Japanese yen and the Chinese Yuan have been in a slump, and the Chinese Yuan has become the only strong world currency in the world.

But this does not mean that Huayuan can rest assured.

Huang Xiuyuan discussed with the above many times, and also conducted in-depth research on the current world financial structure with Professor Wen and others from the Strategic Think Tank.

If Huayuan continues to follow the old path of Miyuan and use financial hegemony to harvest the world, there will be no major problems in the short term.

However, from a long-term perspective, financial hegemony will sooner or later lead to the economy becoming virtual, and gradually transforming from the previous industrial country to the financial country.

The consequence of this is that a small number of financial elites will crazily harvest global wealth, including the wealth of the domestic lower-class people, through financial rules, information gaps, and capital.

"Wall Street" will resurrect the dead in the country and embark on the old path of the United States.

As for the large domestic population, once it breaks away from the real and enters the virtual financial game, it will lead to a huge population unemployment and the gap between the rich and the poor will inevitably widen.

Over time, it will inevitably lead to the intensification of social conflicts and may directly collapse.

Therefore, Huang Xiuyuan does not recommend taking the old path of the United States, but taking a new path.

As the spokesperson for the Suiren Department in the financial field, Li Hongwen became the first spokesperson of this financial summit.

"I am very happy to meet you and I am very honored to participate in this financial summit. I have done some immature research on recent global financial issues. If there is anything wrong with it, please give me some advice."

Li Hongwen turned on the synchronous playback of his laptop, and suddenly a line of Chinese: The essence of finance appeared on the big screen behind him.

"Financial was born with the birth of human society. From the barter of primitive society, the copper coins and silver notes of feudal society, and the stock futures of modern society, it is a development context."

"What is the essence of finance? I think the essence of finance is transactions, a tool to assist the economy. But I don't know when it started, finance has become a kind of gambling and a game, a casino for a few people to make money, and a sharp blade for slaughtering the people."

Li Hongwen showed a hint of pain and continued:

"From the Great Depression in 1929, to the subprime mortgage crisis in 2008, to the current global debt crisis, from the birth of capitalism to the present, financial problems of all sizes have not been fundamentally resolved. Instead, they have repeated similar things over and over again. I can't help but think of a question in my heart, is it inevitable that all this?"

The participants who didn't know the specific situation below showed a look of each other.

Even the Wall Street elites across the ocean were silently watching the financial summit through live broadcasts.

"I searched through all Western economic works, and finally found that it was full of two words: cannibalism." Li Hongwen looked at everyone:

"People who design financial tools may have a good idea at the beginning, but as various financial tools emerge one after another, the rules become more and more complex, the noun becomes more and more high-end, transactions become more and more out of reality."

"Can you imagine? Crude oil futures do not require crude oil, and there are all kinds of strange insurance, futures, debts, and loans. Can these things really serve the real economy? Can they really bring a happy life to the people?"

Many people were sweating on their foreheads, and they did not expect that Li Hongwen would be so direct, and his tone seemed to be about to eliminate all financial instruments.

"No! These complex financial tools are just tools for capital elites to harvest wealth, but they are just pinholes for sucking blood. The people not only won't get benefits, but also will be harvested. This is the alienation of modern finance. They are no longer financial service tools at the beginning, but financial blood-sucking tools."

Although Li Hongwen's voice was not loud, he had a deafening magic.

"Back to the point, how do we solve today's financial problems?"

He stopped and took a sip of water, while the elites in the financial world below whispered in a low voice as if they were facing a great enemy.

Two minutes later, Li Hongwen continued:

"I think the only way to solve today's financial problems is to return to the functions of finance at the beginning, eliminate all complex financial tools, and simplify finance."

On the big screen, a new noun pops up: valid currency.

"I'm introducing a brand new noun here, an effective currency."

What is a valid currency?

A valid currency is a currency that has real value.

"In the past, the standard for measuring the economic development level of a region was called GDP. I think this was an inappropriate calculation tool because it was neither national nor produced." Li Hongwen mocked.

On the big screen, a new term popped up again: effective gross production.

"I think the standard for measuring the economic development level of a region should be effective GDP."

The so-called effective GDP, that is, the total amount of goods or services produced in agriculture, industry, and services, used for transactions.

It can be simply understood as: effective gross production = effective commodity + effective labor

Under this calculation model, the value generated by a commodity must enter the social circulation link (i.e., for sale), and no matter how many times the transaction is transferred in the middle, it will only increase the added value (the added value can be negative).

When the product reaches the end of the consumer, the final price of the product is the effective production value generated by the product.

In the previous GDP calculation, a large number of transactions could be transferred, and the overlapping was continuously repeated.

In the effective GDP, only the final value of goods or services is calculated, avoiding the moisture in repeated calculations.

At the same time, this effective value will achieve the purpose of de-virtual finance for some finance that cannot generate effective transactions.

The real economy of the United States accounts for 11 to 12% of the overall economic scale, while virtual finance accounts for as high as 88 to 89%. A large part of virtual finance is actually worthless transactions.

Why is it a worthless transaction?

This involves a concept of a unipolar overlord. When the United States is the only overlord in the world, such valueless transactions are forced to become valuable transactions.

That is, the common quantitative easing, that is, issuing additional currencies and debts with one hand, and by adding more currencies and debts, plus the advantages of its own world currency, it will then kidnap the global market and allow the world to pay for its additional currencies and debts.

When the Mid dollar loses its function as a world currency, the so-called GDP of the United States will shrink by at least two-thirds.

The extra money and debts they issued over the years are finally coming to repay.

This is also the root cause of this global debt crisis, which is because a large number of "forced" valuable transactions have been defeated back to their original form and become valuable transactions.
Chapter completed!