Wang Qiang was shocked: "What? The local primary school students are better at playing than the top students at Yale University? Isn't this a boast?"

Su Su smiled and said, "Did Brother Qiang hear an old saying, antiques in golden and prosperous times in troubled times?"

Wang Qiang said: "It seems... the United States made a lot of gold by selling arms during World War II."

Su Su smiled and said, "Yes, when the world war comes, every participating country may disappear from history and maps, so their banknotes no longer have international credit. Only real money and silver are hard currency, and the United States only collects gold. Speaking of which, since human civilization has developed to this day, both Eastern and Western people and South Americans who are isolated from the world have regarded gold as treasure currency. This is the commonality of civilization, so this is also the reason why gold becomes the world currency. However, the saying of gold in troubled times is indeed wrong!"

Wang Qiang browed: "Can't eat or wear?"

Su Su smiled and said, "Yes, if Brother Qiang wants to escape, or is about to travel to an unknown alien world, is Brother Qiang willing to carry 20 kilograms of gold and take away with him? Or carry 20 kilograms of sweet potatoes?"

Wang Qiang was so amused and laughed: "Brother Rubi! I would rather die than take away 20 kilograms of gold to take away a gamble! If I really take away 20 kilograms of sweet potatoes and give up 20 kilograms of gold, I will be tangled and disgusted for the rest of my life."

Su Su smiled and said, "Okay, this mentality is completely understandable. Gold is supreme, so the essence of Western economics is the gold standard system, that is, the most qualified banknotes must be guaranteed by gold. The standard theoretical model of Western economics is that if a country has a lot of gold, it is necessary to print banknotes of the same value. Banknotes are the clones of gold circulation. Of course, this is just a standard model, which only means that there is gold as reserved currency to have credit, just like the ones that the Red Army used silver dollars to recycle Red Army coins to ensure credit when they left Zunyi."

Wang Qiang browed and said, "Brother understands. But from your tone, do you want to say that gold currency is actually not as good as sweet potato currency?"

Su Su smiled and said, "Yes, the currency of the Communist Party of China has nothing to do with gold! The Red Army fought all the Long March to northern Shaanxi. It was the Loess Plateau. Apart from the strong wind blowing from the slope, what else can I do? Where does gold come from? There is not even the salt in Zunyi mentioned just now. How can I guarantee the credit of the newly issued border currency?"

Wang Qiang said in shock: "Can you really use sweet potatoes?"

Susu laughed: "Let's compare the fiat currency of the National Government. The fiat currency has the economic support from the United States, and the national gold, silver and foreign exchange reserves. The people under the jurisdiction of the economy are all top students who have returned from studying in Europe and the United States. They are reliable than the group of local buns in the Chinese Communist Party. The fiat currency has strong credit, not to mention that the printing quality is much better than the border currency. By the way, let's tell a joke first. The way to identify counterfeit currency in the border region is very simple. As long as those exquisitely printed border currency are definitely counterfeit currency in the National Government, they will not recognize it!"

Wang Qiang was amused and crying: "I'll just pick it up. Is the printing exquisite or the mistake? Well, let's talk about how the border currency wins the fiat currency?"

Su Su sighed: "Because the Governor of China is too earthy, and it is so earthy that it doesn't understand what gold reserves are. When the Governor of China comes to the Loess Plateau, it is the first thing to do to solve the long-term survival problems of tens of thousands of troops. They only have firewood, rice, oil, salt, sauce, vinegar, tea, oxen and matches. In short, the 359th Brigade of Nanniwan is self-reliant and full of food and clothing. For the people in the border areas, as long as they can buy the currency of firewood, rice, oil, salt, oil, salt, and can accept this currency without any gold or foreign exchange as reserves. The reason is very simple, and prehistoric humans will also understand it."

Wang Qiang nodded: "Well, the reason is really simple. I think prehistoric human children should be able to understand it."

Su Su sneered: "But it is just that simple and original return to the essence. Western economics at Yale University in Cambridge will not be taught in class! Just having gold, silver and foreign exchange as collateral reserves, but no corresponding daily necessities can be used to match it, that is, when you have money and can't buy things, what's the use of having gold, silver and food, can't eat, drink, and drink? Even the most delicious players know that this is going to be done."

Wang Qiang said in surprise: "Is the National Government really such a badass?"

Su Su said in a deep voice: "Yes, it's not just their food? The "material reserve" currency of the Chinese Communist Party was financial innovation at that time. This seemed so shocking in the Western world, which used gold reserves as the currency trend at that time. If gold is really the supreme, then now, most of the gold reserves in the world are controlled by Europe and the United States. As a result, the US dollar and euro are now shaking, and the RMB is becoming more and more strong. Does Western economics not understand?"

Wang Qiang coughed dryly: "Are you going to talk about a simple topic."

Su Su smiled and said, "Okay, let's get back to the topic, just talk about how such a strong credited fiat currency was finished in the hands of Song Ziwen, a top student in Yale. Brother Qiang should know from the middle school history textbook that the fiat currency has reached the point where it expanded in the later stage, right?"

Wang Qiang was happy: "I used a basket to pick up money!"

Su Su sighed: "When the War of Resistance Against Japan was victorious, the National Government was ready to resolve the Turkish Communist Party, and Song Ziwen took a big move - internationalization of the legal currency! What is internationalization? That is, let paper money gain an international currency status similar to gold, that is, legal currency = gold = pound = US dollar = exported goods. Since even paper money is considered a commodity, the whole world will come to buy fiat currency. This is equivalent to introducing foreign capital and wealth. There is no need to find a way to export things and exchange a little US dollar pound to buy arms like before, and there is no need to buy arms directly with gold. As soon as the printing machine is turned on, the ‘commodities’ will come out, and you can directly exchange paper for airplanes and cannons to destroy the Turkish Communist Party in one fell swoop—"

Wang Qiang browed wildly when he heard this, and immediately found the problem: "Wait, it seems that the internationalization of the RMB has been going on for so many years, and various experts are still discussing it. Just relying on his fiat currency back then? Is this a dream?"

Su Su smiled and said, "Experts are all nonsense! The internationalization of currency is very simple. As long as you follow the eight-character principle set by the West - 'free trading, market pricing', it's enough. Even the Hong Kong dollar that was almost destroyed in 1998, the Thai baht that was washed away by the traitor, and the first bankrupt Icelandic Krone in the EU, are all international currencies."

Wang Qiang browed: "Market pricing? Bah! My brother is a super player. He first dominated the server, and then opened more than a dozen small entries to make trouble. He turned his hand into clouds and rain. He said that the equipment materials are worth as much as the price, and the brother is the market! The market is the brother!"

Su Su laughed: "It's worthy of being Brother Qiang. It seems that this Western economic model cannot even fool people like Brother Qiang who only knows how to play games."

Wang Qiang said shyly: "Don't underestimate the game, it's also a small social model in the game."

Su Su smiled and said, "It is easy to internationalize currency. The difficult thing is how to become the mainstream international reserve currency, that is, countries around the world will buy this paper as a commodity. Anyway, China is not going to surpass the Western style, and China is very ‘authoritarian’ for foreign exchange control. The foreign exchange in the local currency cannot be traded freely, and does not believe in the ‘market pricing’ style, so the internationalization of the RMB is hindered everywhere."

Wang Qiang deeply agreed: "Although I don't understand it very much, just based on the status of the Republic of China at that time, it should be the weakest dynasty in Chinese history, right? Will the whole world buy their fiat currency?"

Su Su smiled and said, "But Song Ziwen thinks that their internationalization of fiat currency is very consistent with the standard model of Western economics. With national gold and a large amount of foreign exchange as guaranteed reserves, even the president of Yale University will say that it is okay if he comes."

Wang Qiang said contemptuously: "The cat's model is the same as a tiger! Who takes cats seriously?"

Su Su laughed: "It's worthy of being Brother Qiang! Brother Qiang, you can replace Song Ziwen as the Minister of Economic Affairs!"

Wang Qiang was excited: "It must be done. My brother has been fighting for our civilization in ancient times. A mere economic minister is not worthy of me!"

Su Su smiled and said, "So how did the fiat currency die? It was the first day of internationalization, that is, the first day when fiat currency and gold, the US dollar and the British pound could be traded freely. The common people and all kinds of tycoons used the fiat currency to buy the gold, US dollars, and pounds reserved by the National Government. No one could sprinkle the garbage to buy the fiat currency. So the fiat currency depreciated wildly. When it was depreciated into a basket to pick it up, half of the national government's gold foreign exchange reserves were gone, and finally it could not hold on. Internationalization was announced to fail, and then the national government's economy collapsed and there was no way to compete with the Communist Party of China."

Wang Qiang was so amused and laughed: "I didn't understand history textbooks at the time, but it turned out to be such a stupid thing."
Chapter completed!