Chapter 66 The word money hurts people!
Liu Xiuying was at a loss as she held the gold bricks. She had regretted a lot before. Let alone a household with ten thousand yuan, it would have been fun just for her to smash the gold bricks, but the little God of Wealth didn't even give her this chance.
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Now she actually has the gold brick, and it was given to her by her son.
"Smash it open!"
Fang Chen clenched his fists and made a gesture.
But Liu Xiuying used her hands hard, and the gold brick was broken straight from the middle.
Fang Chen rubbed his nose, okay, he underestimated the power of working people.
Pulling off the gypsum powder, Liu Xiuying picked up the lottery ticket and looked at it. It clearly said, 10,000 yuan!
"Have I become a household worth ten thousand yuan?" Liu Xiuying felt a little dizzy and a bit like she was dreaming, because this was what she was dreaming about.
"Well, that's right, Comrade Liu Xiuying congratulates you on becoming a household worth 10,000 yuan."
With that said, Fang Chen took the lottery ticket, then took a stack of hundred-dollar bills from the table and put it in Liu Xiuying's hand.
Liu Xiuying looked at the 10,000 yuan in her hand, looking dazed for a long time, and then reluctantly put the stack of 10,000 yuan bills on the table.
Fang Chen was surprised. This is not my mother's nature. My mother shouldn't hold on to the money and never let go. Why did she let go of the money when I gave it to her now?
"So you are the little God of Wealth." Liu Xiuying asked.
Fang Chen nodded.
"Then I am the little god of wealth?" Liu Xiuying asked again.
Fang Chen was stunned for a second, and then nodded quickly. There is nothing wrong with this logic!
"You damn kid, you did such a big thing and didn't even tell me!" Liu Xiuying raised her hand!
But after hesitating for a while, he still didn't fight. In the end, he covered his face and started crying. I don't know whether he was shocked or happy.
I made trouble, cried and laughed.
Fang Chen finally talked about his money-making experience during this period. As for hadrons and other things, he will not talk about it anymore.
"Son, when you get home later, mom will save this money for you."
Liu Xiuying looked at the large sum of money on the table motionlessly, as if a giant dragon was guarding its gems.
Seeing this, Fang Chen breathed a sigh of relief. This was his mother. He thought just now that his mother didn't love money anymore.
"I'm going to continue doing business, the walnut business."
After speaking, Fang Chen repeated his thoughts in detail.
"Is this possible? It's better for Mom to save the money for you. This is 130,000, and the current Rural Credit Cooperative interest is 15% a year." Liu Xiuying counted with her fingers.
But no matter how he calculated, the calculation was wrong. His forehead was sweating. He pinched Fang Aiguo hard and complained: "You don't even know how to calculate for me."
Fang Aiguo rolled his eyes helplessly. She didn't ask him to help with the calculation, so why was it his fault again?
"Nineteen thousand five hundred yuan a year!" Fang Aiguo blurted out.
"That's two households worth ten thousand yuan a year!" Liu Xiuying almost fainted with happiness.
Seeing his mother's excitement, Fang Chen rubbed his nose, as if he had not considered his opinion.
From 1988 to 1994, it was a very magical year. The country opened up and implemented a dual-track price system for decades, which determined the price breakthrough.
Prices have soared in recent years, with annual inflation exceeding 20%.
Naturally, bank interest rates are also rising. The five-year interest rates of the four major banks are basically around 123%.
As for rural credit cooperatives and foundations, which are like rootless water, the interest rates are ridiculously high, with an annual interest rate of 15% for one year, which is unimaginable for future generations.
However, it is a pity that such high interest rates are still lower than the inflation rate, which means that if you deposit money in the bank now, you will basically lose money.
At this time, doing business is a better choice. Even if you hoard a batch of supplies and do nothing, you can sell them in a few years and make a lot of money. Many people will have their first pot of gold.
That’s when it came.
As for a reborn person like Fang Chen, putting money in the bank to earn interest is an even more stupid idea.
In Fang Chen's hands, one dollar today may be one hundred, one thousand, or even ten thousand next year!
Moreover, due to problems such as poor management of credit unions and foundations, brutal lending, and being used by local leaders as cash machines to lend money to companies, many depositors have not withdrawn their money in credit unions.
Some of the money owed since the 1990s has not been paid back one after another until 2015, and the repayment is about 100 yuan a year. It is simply a joke.
But this is still good. What is even crazier is private lending, the most famous of which is Dongou Tihui.
The rules are like this. Each member pays 11,600 yuan to join the club. From the second month on, the club owner will pay the member 9,000 yuan every month for 12 consecutive months, totaling 108,000 yuan.
Starting from the thirteenth month, the member pays the club owner another 3,000 yuan for 88 consecutive months, totaling 264,000 yuan. The club owner still pays the member 9,000 yuan every month.
A session period is 100 months, and so on.
Some people have calculated that if you want to pay a member's membership fee on time, you need to develop 22 members in the sixth month, 691 members in the twelfth month, and 20,883 members in the eighteenth month.
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It is ten times more powerful than the pyramid schemes of later generations.
Attractive investment and high returns made the leader of the club the god of wealth in the eyes of the villagers. Driven by luck, fanaticism, and a herd mentality, an impossible game started in full swing.
A woman named Ye Sanfeng in Cangnan earns 1.2 million yuan per month.
There were 300,000 people in Dong'ou who were involved in the gatherings, and short meetings and official meetings specially set up for officials were gradually developed.
Officials do not need to pay money to join the membership. Instead, they receive the money first and then return it in small amounts after three months.
This kind of bonus is divided into three types: 100,000 yuan, 50,000 yuan, and 10,000 yuan, depending on the size of the cadre.
To put it bluntly, it is bribery.
Crazy games always lasted for a short time, and soon there were signs of a rupture in the capital chain, and news of the absconding of the club owner broke out one after another in various places.
Extreme excitement turned into extreme panic in an instant, and the system collapsed instantly.
Throughout the autumn, the Dongou area fell into unprecedented chaos, with thousands of debt collectors frantically rushing into the guild leader's home.
Dozens of debt collectors from Cangnan rushed to the guild leader's house with explosive packs and forced him to pay money, otherwise they would both die!
The two guild leaders in Pingyang were caught by debt collectors, hung on a pillar, nailed bamboo sticks into the guild leader's fingers, and burned them on the guild leader's chest with red-hot iron pliers. They tortured the guild leader for three days and three nights until he died!
Hundreds of primary schools have been forced to close because students are often taken hostage by debt collectors while walking on the street.
In just three months, 63 people in Dongou City committed suicide, 200 people absconded, nearly 1,000 people were illegally detained, and more than 80,000 families went bankrupt.
At this time, the government woke up from a dream and began to arrest and arrest well-known guild leaders, killing one to serve as a warning to others. Some people were sentenced to death for speculation.
Chapter completed!