After listening to Su Su's explanation, Wang Qiang understood a lot, but it seemed even more foggy. He couldn't help but sigh: "Financial is really too profound and complicated. He only knows all the words in economics, but he can't understand a single sentence together. It's really hard to imagine that the masters of our country can do Wall Street in finance."

Su Su laughed: "Is Wall Street very profound? Brother Qiang is in the prehistoric era, and I'm afraid it's time to enter the currency era? If Brother Qiang really wants to learn it, it's actually simple. We don't talk about Guan Zhong, the founder of finance, too long ago. Let's talk about the advanced concepts of the US dollar hegemony, the establishment of the euro, the turmoil in the euro zone, the financial storm, the currency war, etc. In fact, the Chinese Communist Party experienced all the experiences and cultivated themselves as early as the beginning of its business. They are all in elementary school level and don't understand Adams economics at all. Why is Brother Qiang also a college student? How could he be inferior to elementary school students?"

Wang Qiang was stunned: "Self-cultivation to become a talent? No, right? When did this happen?"

Su Su sighed: "Let's start with the Red Army's Long March. During the Red Army's Long March, there were only a dozen banks in the Soviet area, carrying bulky money printing machines, that is, the 'Red Army coins'. Then they fought the local tyrants along the way to obtain some gold, silver, jewelry and silver dollars. Not many, so that's the only asset. But the Red Army had tens of thousands of people. How to solve the problem of food for these tens of thousands of people? If it were another era, the army of other countries would directly loot the local people wherever they went, and then they would really become bandits."

Wang Qiang still has this awareness: "But the Red Army is not, don't take the common people one by one!"

Su Su smiled and said, "That's right, so the Red Army bought it. Those scattered small troops did not bring money, but they would definitely give local people a blank lie. This is a unique legion in the history of the world, right?"

Wang Qiang said in surprise: "But at that time, the legal currency was the legal currency. Will the people of Red Army coins be collected?"

Su Su smiled and said, "Of course I don't want to accept it, so the problem arises. This is the same as the whole world only charged US dollars and did not recognize the RMB in the past few decades. Is this amazing similarity?"

Wang Qiang became interested: "What about?"

Su Su laughed: "What would you do if it was Brother Qiang?"

Wang Qiang coughed dryly: "I...of course, I must let them take it! Otherwise, I won't be suffocated to death?"

Su Su smiled and said, "Well, then start from Zunyi, Guizhou. Zunyi was a relatively wealthy area during the Long March at that time. After the Red Army took this place, it urgently needed to 'buy' various supplies here. However, the local people did not collect Red Army coins, and the Red Army could not rob, and they were even reluctant to buy the poor silver dollar reserves. So what should I do?"

Wang Qiang was anxious: "Attack the rich! Class enemies, can you call the rich? "

Susu laughed: "Yes, the entry point is here. After investigation by the Red Army, the salt in Zunyi is very expensive because it has been monopolized by several local tyrants. Brother Qiang should know how heavy the huge profits of salt have been throughout the ages, right?"

Wang Qiang smiled and said, "I know! The earliest one was Huangdi fighting against Chiyou, wasn't it just for Yantian!"

Su Su smiled and said, "So the Red Army confiscated all the salt of the rich. Then the Red Army issued a message that the Red Army wanted to sell the salt of the rich to the common people at a low price, but they could only buy it with Red Army coins - Brother Qiang, do you understand?"

Wang Qiang browed: "Where did the Red Army coins come from? The people exchanged food!"

Su Su smiled and said, "By the way, it's that simple! People finally encountered such an opportunity to reduce the price of salt, so they definitely wanted to stock up more salt, so they also used various cloths to exchange for Red Army coins to buy salt. Isn't that enough? Is this method simple? Elementary school students can do it?"

Wang Qiang nodded repeatedly: "Yes, yes, it's very simple."

Susu sighed: "This is exactly the same as the method of petrodollars. Everyone needs salt, and oil is also needed by every country. The United States "persuaded" the industrial countries in the Middle East to buy oil with the US dollar, which forced the demand for the US dollar in the world. The United States can start printing paper money directly. This is the oil dollar. A paper currency must have a physical object as a currency support. This physical object is either oil or gold and silver. If there is no, others will not recognize it."

Wang Qiang nodded: "I understand, then the Red Army is the 'Salt Red Army Coin'."

Speaking of this, Wang Qiang frowned: "But there is a problem. The Red Army hasn't been in Zunyi for a long time, right? The Red Army is leaving..."

Su Su smiled and said, "Yes, what should I do if the Red Army leaves? What should I do if Hu Hansan comes back? Wouldn't the red army coins in the hands of the people become waste paper? This is exactly the same as the world's concerns about the US dollar today. This involves a currency credit issue. So what did the Red Army do at that time? Before leaving, the Red Army issued another announcement - the Red Army can go to the Red Army bank to exchange for silver dollars."

Wang Qiang was immediately moved: "The Red Army would be destroyed at any time, right? This credit is too high!"

Su Su sighed: "Yes, this is showing the credit of the Red Army to the local people. As for the process of recycling currency in silver dollars, it is actually the simplest form of the economic concept of "currency return". The most basic function is to show credit, and then the advanced function is to prevent excessive currency issuance and lead to inflation. This is also the most commonly mentioned 'dollar return' in financial wars, and it is the most important part of the US dollar harvesting-"

Wang Qiang was anxious: "Stop! I don't understand, I just say the simplest one!"

Su Su smiled and said, "Okay, the easiest thing is to determine the credit. The so-called people who win the hearts of the people will win the world. The credit established by this Red Army currency has been deeply rooted in the hearts of the people in the next few decades. Just when the "China Collapse Theory" was rampant in the 1990s, a large number of domestic bricks often fooled the people in TV, newspapers and magazines, saying that China's banking system has many bad debts and is rare in the world and will collapse at any time... What's the result?"

Wang Qiang: "The result?"

Su Su sighed: "As a result, something that made the world's bricks unbelievable. Even if the Chinese people knew that there was something wrong with the bank, they still unswervingly deposited their hard-earned money into this scary bank with high bad debts. In the words of an aunt, they were worried that the thief would steal the money. Anyway, the government was responsible for it. This created the world's largest savings rate for Bank of China. As long as the country's banks have money, they would not have to worry about not being able to accomplish a big thing."

Wang Qiang realized: "This is credit!"

Su Su smiled and said, "Yes, it is credit, the most basic and important thing. This is the reason why Germany and France in the euro zone endure the five European and pig countries. Western experts have always despised the people in their hearts, thinking that the people are the kind of ignorant group that can be fooled and incited by the news media at will. The Chinese people are extremely ignorant, but they just can't fool them."
Chapter completed!