Chapter 1044: Continuation of the Zhu Rong Plan (3) (Teaser)
That storm would be inflation.
Back when he was first learning this, he had found this to be quite confusing. Why would inflation occur with less dragon jade in the domestic currency market?
Only after learning about this subject in-depth did he realize that this was because of currency reflux.
Currency reflux could take place through international trade or national debt, and that would deal a massive blow on the Cathayan Underworld's currency market, which would've already shrunk significantly at that point, thereby creating massive inflation and unimaginable losses in intangible assets!
Every nation was extremely cautious when it came to manipulating its currency.
Bai Chengzhou continued, "Once the new energy resource enters the market, we have to open up currency exchange services so that the rest of the world can exchange all of the dragon jade we've stored. Only then will they have the dragon jade required to purchase our energy resource."
Only then would the Cathayan Underworld's dragon jade become the dominant currency on the world market.
"Ideally, after all of this, the total amount of currency in our nation will still maintain its current level. However, we'll have large sums of dragon jade overseas, and the best way to ensure that those sums of dragon jade don't just remain idle would be to open up national trade right away!"
Qin Ye's expression changed slightly upon hearing this. National trade would require all...
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