The subsea transmission cable that moved from Anga Island to Malaysia has been halfway through construction.
The submarine cable in Australia has begun to be put into construction.
The subsea transmission cable from New Matthew to India has also entered the project preparation stage.
As Jiang Chen’s plan, the global power grid plan is progressing smoothly and orderly.
However, due to the accident in Europe, Jiang Chen had to finish his trip early and return home. The name South Korea was missing from the first countries on the global power grid list to join the Star Ring Trade.
But none of this matters, and Jiang Chen could not run around the world for these undersea cables.
When other countries see the benefits of importing electricity from the new country, they will naturally come to negotiate.
By then, it will not be a buyer's market, but a complete seller's market.
Promote the electrification development of society, significantly reduce industrial electricity costs, improve energy structure, and reduce the burden on the environment of thermal power generation... These are all visible benefits, and Jiang Chen also believes that most countries will not turn a blind eye to this.
After returning to China, Jiang Chen's first thing he did was to convene a shareholders' meeting of the new Federal Reserve and put forward a resolution that was of far-reaching significance to the new country.
Without any precious metals as a guarantee, the New Fed announced that it will issue a total of 14 trillion SGD in three installments in February and will be put into the market in batches in the next year based on the annual GDP data of the New Fed's Statistics Bureau.
And in the next five years, the new Fed will relax restrictions on currency issuance to meet market needs.
Does the market really need it?
When Jiang Chen proposed this resolution at the shareholders' meeting, the meeting was in an uproar.
This is not printing money, it is simply opening the gate and letting out floods!
Those sitting here are bankers and capitalists in the new country, most of them are directly or indirectly supported by the Future Group.
Of course, many of them immigrated from other countries in the Commonwealth.
After all, in history, this small island was once a British colony.
When he heard the resolution proposed by Jiang Chen, someone immediately stood up and raised his objections.
Too messy!The economy of the new country has finally stabilized, and printing money on such a large scale will undoubtedly lead to large-scale depreciation!
What is printed is not money, but bubble!
What's the use of printing so many banknotes?Besides inducing inflation, I don't see any benefits!
I have no objection to printing money, but the number of 140,000 is simply fantasy!The total amount of currency we are currently issuing is only S$170,000, and the currency circulation is less than S$50 million.
Do you do it randomly?Standing at the venue of the New Fed shareholders' meeting, Jiang Chen looked around the New Fed shareholders present, "Everyone, our currency circulation is close to one-third of the total currency. What does this mean?This means we have this strength.
Foam?I would like to ask you, how many of our GDP are bubbles?Which of the many businesses of Future Ren Group has become the top 500 companies in the world through real estate or financial speculation?
I would like to ask you, how many of the 90% of my GDP are bubbles?
With such a domineering speech, all the new Fed shareholders present were speechless.
As Jiang Chen said, 90% of the GDP of the New Country is directly related to the two companies, Future Ren Group and Star Ring Trading, while the remaining 10% is basically indirectly related to the man in front of him.
After all, four years ago, people on Panujiu Island still lived a life of fishing and counting bananas.
Today, more than four years later, they not only built the world's longest undersea tunnel, but even built the elevator to a synchronous orbit, establishing a colony on the distant moon.
It can be said that everything in the new country is because of the man in front of them.
This is a new dollar, the currency of our new country.Jiang Chen took out a coin from his pocket, swayed in front of everyone, and slapped it on the table. For up to five years, it will become the currency of the entire world.
Start voting directly.Leaving this sentence lightly, Jiang Chen glanced at all the new Fed shareholders present, letting me see your courage and ambitions.
The shareholders of the new Fed looked at each other and whispered their opinions.
Jiang Chen sat back on his seat and watched all this quietly.
About ten minutes later, the statistics were released.
Looking at the numbers on the big screen, Jiang Chen showed a smile on his face.
Except for 5 abstentions and 2 votes against, almost everyone voted in favor.
The miracles created by the Future Ren Group have made the shareholders of the new Fed almost subconsciously make their own choices.
There is no need to doubt at all, isn't it?
……
The large-scale issuance of banknotes did have a certain impact on the SGD exchange rate, but because the newly issued currencies did not immediately open the gate and put them on the market, the impact caused was quite limited.
After all, the printed banknotes are not meant to be used immediately, but mainly need to enter the market for circulation through lending.
However, despite this, the banknotes have been printed and the news has been announced.
In everyone's opinion, the passive depreciation of the SGD seems to be imperative?
The International Monetary Fund downgraded the credit rating of the SGD, and central banks of various countries have also made certain adjustments to the exchange rate between the SGD and its own currencies, causing the SGD exchange rate to drop significantly in a short period of time.
After the Singapore dollar depreciated for a period of time, Jiang Chen began to gradually exchange all the foreign exchange held by the Future Ren Group and Star Ring Trade into the Singapore dollar through the channels of Future Ren Bank.
This includes the profits of major subsidiaries in industries around the world, including contracts signed at the outer space resource development forum.
Even the foreign exchange that was not received was sold to the new Federal Reserve by Jiang Chen in the form of a loan.
Of course, this move cannot be hidden from the eyes of other shareholders of the new Fed, but no one raised any objections to this.
After all, the decline of the SGD has been confirmed. At this time, it is undoubtedly a high-risk matter to exchange the foreign exchange in your hands into SGD at the short term.
Moreover, at the moment when the SGD exchange rate is falling rapidly, the new Fed also needs a large amount of foreign exchange reserves to stabilize the value of its own currency.
Buy when the exchange rate falls, which means that Jiang Chen can use a small amount of foreign exchange to exchange a large number of paper pieces called the SGD from the hands of the new Fed.
At this moment, central banks in various countries around the world are watching the show, watching how the new Fed will kill itself, printing a pile of useless pieces of paper, destroying its domestic economy.
And we will estimate when companies in Xinguo will go bankrupt because they can't afford the raw materials from the port, and then buy these endangered companies at the bottom.
Just when everyone thought he was crazy.
Star Ring Trade suddenly published a resolution on its official website.
According to the Space Resource Development Regulation issued by the Xinguo country, in order to facilitate market management and taxation, Star Ring Trade held an internal meeting and decided after a decision: the contracts signed will not be affected, and from today, including space elevator freight, cargo import and export settlement and other businesses will be terminated. The use of foreign currencies will be the only currency for space resource transactions...
The submarine cable in Australia has begun to be put into construction.
The subsea transmission cable from New Matthew to India has also entered the project preparation stage.
As Jiang Chen’s plan, the global power grid plan is progressing smoothly and orderly.
However, due to the accident in Europe, Jiang Chen had to finish his trip early and return home. The name South Korea was missing from the first countries on the global power grid list to join the Star Ring Trade.
But none of this matters, and Jiang Chen could not run around the world for these undersea cables.
When other countries see the benefits of importing electricity from the new country, they will naturally come to negotiate.
By then, it will not be a buyer's market, but a complete seller's market.
Promote the electrification development of society, significantly reduce industrial electricity costs, improve energy structure, and reduce the burden on the environment of thermal power generation... These are all visible benefits, and Jiang Chen also believes that most countries will not turn a blind eye to this.
After returning to China, Jiang Chen's first thing he did was to convene a shareholders' meeting of the new Federal Reserve and put forward a resolution that was of far-reaching significance to the new country.
Without any precious metals as a guarantee, the New Fed announced that it will issue a total of 14 trillion SGD in three installments in February and will be put into the market in batches in the next year based on the annual GDP data of the New Fed's Statistics Bureau.
And in the next five years, the new Fed will relax restrictions on currency issuance to meet market needs.
Does the market really need it?
When Jiang Chen proposed this resolution at the shareholders' meeting, the meeting was in an uproar.
This is not printing money, it is simply opening the gate and letting out floods!
Those sitting here are bankers and capitalists in the new country, most of them are directly or indirectly supported by the Future Group.
Of course, many of them immigrated from other countries in the Commonwealth.
After all, in history, this small island was once a British colony.
When he heard the resolution proposed by Jiang Chen, someone immediately stood up and raised his objections.
Too messy!The economy of the new country has finally stabilized, and printing money on such a large scale will undoubtedly lead to large-scale depreciation!
What is printed is not money, but bubble!
What's the use of printing so many banknotes?Besides inducing inflation, I don't see any benefits!
I have no objection to printing money, but the number of 140,000 is simply fantasy!The total amount of currency we are currently issuing is only S$170,000, and the currency circulation is less than S$50 million.
Do you do it randomly?Standing at the venue of the New Fed shareholders' meeting, Jiang Chen looked around the New Fed shareholders present, "Everyone, our currency circulation is close to one-third of the total currency. What does this mean?This means we have this strength.
Foam?I would like to ask you, how many of our GDP are bubbles?Which of the many businesses of Future Ren Group has become the top 500 companies in the world through real estate or financial speculation?
I would like to ask you, how many of the 90% of my GDP are bubbles?
With such a domineering speech, all the new Fed shareholders present were speechless.
As Jiang Chen said, 90% of the GDP of the New Country is directly related to the two companies, Future Ren Group and Star Ring Trading, while the remaining 10% is basically indirectly related to the man in front of him.
After all, four years ago, people on Panujiu Island still lived a life of fishing and counting bananas.
Today, more than four years later, they not only built the world's longest undersea tunnel, but even built the elevator to a synchronous orbit, establishing a colony on the distant moon.
It can be said that everything in the new country is because of the man in front of them.
This is a new dollar, the currency of our new country.Jiang Chen took out a coin from his pocket, swayed in front of everyone, and slapped it on the table. For up to five years, it will become the currency of the entire world.
Start voting directly.Leaving this sentence lightly, Jiang Chen glanced at all the new Fed shareholders present, letting me see your courage and ambitions.
The shareholders of the new Fed looked at each other and whispered their opinions.
Jiang Chen sat back on his seat and watched all this quietly.
About ten minutes later, the statistics were released.
Looking at the numbers on the big screen, Jiang Chen showed a smile on his face.
Except for 5 abstentions and 2 votes against, almost everyone voted in favor.
The miracles created by the Future Ren Group have made the shareholders of the new Fed almost subconsciously make their own choices.
There is no need to doubt at all, isn't it?
……
The large-scale issuance of banknotes did have a certain impact on the SGD exchange rate, but because the newly issued currencies did not immediately open the gate and put them on the market, the impact caused was quite limited.
After all, the printed banknotes are not meant to be used immediately, but mainly need to enter the market for circulation through lending.
However, despite this, the banknotes have been printed and the news has been announced.
In everyone's opinion, the passive depreciation of the SGD seems to be imperative?
The International Monetary Fund downgraded the credit rating of the SGD, and central banks of various countries have also made certain adjustments to the exchange rate between the SGD and its own currencies, causing the SGD exchange rate to drop significantly in a short period of time.
After the Singapore dollar depreciated for a period of time, Jiang Chen began to gradually exchange all the foreign exchange held by the Future Ren Group and Star Ring Trade into the Singapore dollar through the channels of Future Ren Bank.
This includes the profits of major subsidiaries in industries around the world, including contracts signed at the outer space resource development forum.
Even the foreign exchange that was not received was sold to the new Federal Reserve by Jiang Chen in the form of a loan.
Of course, this move cannot be hidden from the eyes of other shareholders of the new Fed, but no one raised any objections to this.
After all, the decline of the SGD has been confirmed. At this time, it is undoubtedly a high-risk matter to exchange the foreign exchange in your hands into SGD at the short term.
Moreover, at the moment when the SGD exchange rate is falling rapidly, the new Fed also needs a large amount of foreign exchange reserves to stabilize the value of its own currency.
Buy when the exchange rate falls, which means that Jiang Chen can use a small amount of foreign exchange to exchange a large number of paper pieces called the SGD from the hands of the new Fed.
At this moment, central banks in various countries around the world are watching the show, watching how the new Fed will kill itself, printing a pile of useless pieces of paper, destroying its domestic economy.
And we will estimate when companies in Xinguo will go bankrupt because they can't afford the raw materials from the port, and then buy these endangered companies at the bottom.
Just when everyone thought he was crazy.
Star Ring Trade suddenly published a resolution on its official website.
According to the Space Resource Development Regulation issued by the Xinguo country, in order to facilitate market management and taxation, Star Ring Trade held an internal meeting and decided after a decision: the contracts signed will not be affected, and from today, including space elevator freight, cargo import and export settlement and other businesses will be terminated. The use of foreign currencies will be the only currency for space resource transactions...
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