After hearing the "Fire Currency" and Wang Qiang had some experience, he asked again: "What I just said about Shandong should have been defeated by the Japanese and puppet legal currency? Then why did the newly released Shandong currency war with the Japanese and puppet currency?"

Su Su smiled and said, "Actually it's very simple. The essence of currency war is to compare who can exchange for more dry goods with paper, so players must have dry goods in their hands. Shandong is a major grain and oil production province and a major coastal salt production province. Of course, these dry goods must be taken with guns. After taking them, they will start issuing currency - as for how to issue it, Brother Qiang, you may have to use it in the prehistoric era, listen well!"

Issuing currency! Wang Qiang browsed: "Gedu graduated from elementary school of economics, can he understand?"

Su Su smiled and said, "Just play house games with children, and writing numbers on paper represents money, it's easy to understand."

"Yeah! You must be simpler."

Su Su smiled and said, "Brother Qiang, do you know what seigniorage is?"

Wang Qiang was stunned: "I don't know! Can you not raise taxes? Is it difficult to get it from the beginning?"

Su Su smiled and said, "It's just that children play the game of selling things in a house. When writing numbers on paper, they represent money. If they write 10 yuan, they will charge seigniorage tax of 10 yuan. If they write 10,000 yuan, they will charge seigniorage tax of 10,000 yuan. If they print US dollars and buy things in the whole world, they will charge seigniorage tax from the whole world!"

Wang Qiang said in shock: "Damn it? Such a simple thing is expressed in such a painful word?"

Su Su smiled and said, "So I'll tell Brother Qiang that economics is actually just like this. It's because of these messy and obscure words and difficult explanations, and the various English abbreviations that the people don't understand are extremely scary. So Brother Qiang must have confidence that Xue Muqiao, who issued Shandong coins in Shandong to fight currency wars at the time, was at the primary school level!"

Wang Qiang coughed dryly: "Brother University student, I am very confident to crush the primary school student!"

Su Su smiled and said, "Then start, currency means money = currency. If Brother Qiang's territory has, send the price of the goods to quantify his wealth. For example, the price in the Tang Dynasty was the simplest, 1 copper coin = 1 jin of rice, so if Brother Qiang's territory was only 10,000 jin of rice, then 10,000 copper coins were issued."

Wang Qiang said in surprise: "You must have 10,000 copper coins? Can you send 1,000?"

Su Su smiled and said, "Okay, that's 1 copper coin = 10 kilograms of rice. The goods are your own. Price them as you want. This is called pricing power, also called government guidance price."

Wang Qiang browed: "Then my brother met another player to do business. His price was 1 copper coin = 1 kilogram of rice, so my brother's copper coin = 10 copper coins, this is the exchange rate!"

Su Su smiled and said, "Yes, Brother Qiang has reached the first semester of the first grade of elementary school. Exchange rate is originally used to serve trade. As a result, the current Western financial system has already played exchange rate as a game tool for dependent on debts and harvesting other people's wealth. This is the evil path. Therefore, China and many countries have directly reached a 'currency swap agreement', that is, bypassing the blood-sucking thing in the US dollar exchange rate, which is equivalent to 'bartering'."

Wang Qiang coughed dryly: "It's better... continue to issue currency."

Su Su smiled and said, "It's OK, that's it!"

Wang Qiang said in shock: "Ah? That's it?"

Su Su smiled and said, "The way is simple. Brother Qiang just needs to remember that the goods = currency. How much more rice is available in Brother Qiang's territory, Brother Qiang must issue more coins. As for the specific operation method, Brother Qiang listen to it--"

Wang Qiang smiled and said, "Brother said it's not that simple, it's too simple, I'm at a loss."

Su Su smiled and said, "It's a pity that it's still very simple. For example, Brother Qiang has 10,000 kilograms of rice in the prehistoric territory, Brother Qiang issues 10,000 copper coins, and Brother Qiang builds a granary and deposits half of the rice into the granary. These rice are reserve grains. Also, half of the copper coins are reserves. The other half of the rice and half of the copper coins are placed in the territory for residents to circulate."

Wang Qiang understood: "The role of reserve grain and reserve funds is to stabilize prices?"

Su Su smiled and said, "Yes, Brother Qiang appointed several economic officials. Their task is to keep a close eye on the prices in the territory. Once the price of rice increases, it means that there is not enough rice. Then open a granary immediately and put a part of the rice into the market. Similarly, if you find that the price of rice has dropped, it means that there is too much rice in the market, so use the reserves of the vault to purchase the rice into the granary."

Wang Qiang nodded repeatedly: "That's it? If the rice harvest is good this year, then will it be more printing?"

Su Su smiled and said, "That's it. You must always make the goods = coins."

Wang Qiang was amused and laughed: "It feels too simple? This makes me feel a little uncomfortable!"

Su Su sneered: "Simple? It's just such a simple thing. The United States didn't understand it from 1929 to 1933."

Wang Qiang said in surprise: "It is the critical of the economic crisis of evil capitalism in middle school textbooks that pour milk into the river and that they would not give it to the Great Depression of the United States in 1929, which would starve the people to death?"

Su Su was amused and crying: "Criticize the economic crisis? I really don't know how to criticize the middle school texts. What is the nonsense about teaching? Marx said that the economic crisis is a contradiction between means of production and the relationship between production, and capitalism cannot be avoided. Does Brother Qiang understand?"

Wang Qiang smiled bitterly and said, "You know nothing! You didn't understand at that time, and now you don't understand. If you are connected, you don't understand what you are saying."

Su Su sneered: "The biggest joke during the Great Depression in the United States - the child asked his mother: Why don't our family buy coal when the weather is so cold?"

Mom replied: "Because our family has no money to buy coal."

The child asked, “Why don’t you have money to buy it?”

Mom sighed: "Because Dad dug too much coal!"

Speaking of this, Su Su smiled and said, "Brother Qiang, isn't it weird?"

Wang Qiang frowned: "What's going on with such a weird thing?"

Su Su smiled and said, "It's very simple, the goods ≠ currency. The United States was the world factory at that time. In the first world war in Europe, it made a fortune in the war. 40% of the world's gold was concentrated in the United States. The United States also believed in the gold standard of Western economics and had the ambition to surpass the British pound in terms of currency credit. Therefore, the rule of 1 USD = 0.20 ounces of gold cannot be broken, that is, for every 0.20 ounces of gold in the treasury, it will issue an additional USD. This is much taller than what we just said about 1 copper coin = 1 kilogram of rice?"

Wang Qiang said in confusion: "40% of the world's gold energizes American wealth?"

Su Su smiled and said, "If it weren't for the Black Tuesday stock market crash, maybe it would be barely possible? Before 1929, the United States was very prosperous. The whole people traded stocks, and then a stock market crash swept away Americans' money. This swept away caused several companies that were hyped up in stocks and hyped out of money, and then they could not borrow money to extend their lives and went bankrupt! This bankruptcy triggered a chain of bankruptcy reactions, which affected the entire United States. President Hoover said that we can do nothing!"

Wang Qiang couldn't smile bitterly: "What does it mean to be powerless? Is this incompetence? This is a living person who makes urine suffocate to death!"

Su Su smiled and said, "Brother Qiang said what to do?"

Wang Qiang smiled and said, "Don't the people just have no money? The money printing machine is just turned on! Go to the gold standard!"
Chapter completed!