When the Japanese were discussing the Boxer Rebellion, Yang Rui, who had already returned to Yin'an Hall, was also looking at the United States's ship charter rate. From the monthly rental price of more than 2,500 tons of merchant ships, they saw 600 US dollars of merchant ships over 8,000 tons. ○ This price is really high, but although the price is high, no merchant is willing to rent it. Now the Allies lack ammunition, supplies, and food, and the actual freight rate is much higher than the profit of chartering a ship.

Since the freight rate is so high, the Americans have also begun to prepare for large-scale shipbuilding. In a hurry, the simple question of building iron ships or wooden ships was not determined by the Shipbuilding Institute, so the huge shipbuilding plan is still on paper and cannot be implemented immediately. In this way, even by the end of the war, the Americans could not build many ships. Now the biggest threat to the Sino-Japanese shipping companies is the domestic river transport ships in the United States. In order to cope with the shortage of merchant ships, the US Warship House decided to first draw more than 1,000 tons of cargo ships from domestic river transport ships for sea transport. According to the current data, more than 560 river transport ships could be recruited, totaling 2.3 million tons.

The original two million tons were leased to 600,000 tons of ships from the Netherlands and other countries, and 2.3 million tons of river transport ships. In just a few months, the Americans organized a merchant fleet of nearly 5 million tons, which immediately exceeded the merchant ships of any country in China and Japan. Now, all merchant ships around the world are in the hands of Britain, the United States, China and Japan. Britain and the United States have many old ships and a large base; while China and Japan have more ships and launched faster. This year is 11 million tons of Britain and the United States vs. more than 8 million tons of China and Japan. However, with the consumption of British merchant ships and the launch of Chinese and Japanese merchant ships every year, the end of next year will be 11 million tons of Britain and the United States against China and Japan. This is the time when China and Japan control freight rates. Unfortunately, this is close to the end of the war.

Judging from the plan of the US Shipyard, the number of American merchant ships will reach 12 million tons by the year after year. Correspondingly, the US shipyards have expanded from 61 companies to 341 companies, and the sewer slides have reached more than 1200. From now on, until the end of next year, the end of the war, the Bureau of Commerce and Industry, and the shipping companies have finally given specific shipping revenue forecasts, that is, the shipping revenue this year is as high as 6 billion Chinese yuan; next year, if the war continues until the end of the year, then because China and Japan control 70% of the world's merchant ships, the shipping revenue will not be less than 6 billion Chinese yuan;

The year after the war ended, the 5.5 million tons of merchant ships he had in his hands and the 2.5 million tons of 2.5 million tons of merchant ships ordered in Japan could be sold to Britain 6 million tons. He is a major shipping power. Now he is driven by German submarines and has no ship left. Even if the war is over, he still has to buy merchant ships to enrich the merchant fleet. These 6 million tons of merchant ships are expected to be sold for 300 Chinese yuan per ton, and here is another 1.8 billion Chinese yuan. Of course, after all, the price may be lower after the end of the war, but no matter how much it is, it is always a revenue of more than one billion yuan.

The total shipping revenue in the next two years will be 12 billion Chinese yuan, which is 6 billion US dollars and 1.5 billion pounds. It is not much; plus there is a Japanese share of money, and the result given by the Ministry of Revenue is that China can get 8.3 billion for this one, and Japan can get 3.7 billion for this one. Adding to the previous 1.2 billion, China and Japan will get 700 million and 500 million for each. In other words, this time the shipping partnership between the two countries will have 9 billion and 4.2 billion for each.

Based on the cost of 500 Huayuan per ton of merchant ships, the cost of 8.4 million tons of merchant ships is 4.2 billion Huayuan. If the allocated operating costs are minus the real profit of shipping is about 4.5 billion Huayuan; if the six million tons of merchant ships can be sold for 1.8 billion Huayuan, the shipping revenue will be 6.3 billion Huayuan.

This is the case with shipping. The cumulative profit of steel in four years was 3.1 billion, shipbuilding 1.1 billion, nitric acid 800 million, tungsten sand 700 million, and munitions 600 million. Including the 240 million yuan of aircraft, cars, leather, medicines, bristles and other items, a total profit of 12.84 billion yuan was made in a European war.

Yang Rui calculated this number several times and finally confirmed that he had not added the wrong ones. Seeing so much money, he didn't sleep all night. Otherwise, what worried him was that of this 2.8 billion, except for medicines, bristles, tungsten sand, and some arms collected gold, the remaining 10 billion, except for the 500 tons of steel that were not used for shipbuilding, silver was collected, and the remaining 9 billion was collected all British and American banknotes. It is estimated that the British pound accounted for 40% of them, the US dollar accounted for 60% of them, and the franc accounted for only a small part.

Although it was the gold standard era, all countries in the European War banned the outflow of gold, and after the United States declared war, the money was all paper money.

With resentment towards banknotes, Yang Rui called Yu Huizu, Du Yaquan, and Zhang Kun from the Ministry of Revenue and Commerce Department at work the next day, and said as soon as he started working, "I don't want to collect too many banknotes. I want to think of ways to get more gold!"

Everyone knows Yang Rui's preference for gold. The Ministry of Revenue and the Ministry of Commerce have tried every means to collect gold, but even so, the treasury is less than 1,500 tons of gold. Du Yaquan, who is in charge of selling goods, smiled bitterly: "It turns out that the French in Europe are more gold, but he is detained; the United States can exchange gold before, but the problem is that after he declared war on Germany, he stopped gold outflows. It is impossible to rob gold openly."

"Then you have to grab some, too." Yang Rui said, "In addition to planes, cars, tractors, other indispensable raw materials, you can always collect some gold, right? One hundred million Chinese yuan is seventy-five tons of gold. Now that you have sold so much goods, why can you not even have a gold reserve of 2 billion Chinese yuan?"

Yang Rui used sales to estimate gold reserves. Yu Huizu laughed and said, "It turns out that even if the gold in the world is included in the private world, it is only about 15,000 tons [Note:]. It is already luck that we can get more than 1,400 tons from scratch."

"But the Americans get more." Yang Rui seemed a little unreasonable, "Everyone sells goods, please think of a solution. Start issuing gold yuan this year, and we need more gold. There is also silver. Now, although it is high, no matter how high it is, there is no gold to exchange, it is better to throw it away as soon as possible."

After the European War, domestic silver also increased dramatically. It is expected that there will be 3 billion taels after the war, plus the more than 9 billion paper money collected, these are hot money used as soon as possible. Needless to say, silver is in mind. Once China turns into a gold standard, then Mexico and India are the only ones who use silver in the world, the silver price will definitely fall sharply; and the US dollar and the British pound will end with the depreciation of the US dollar under the 1933 world economic crisis, and there is still a 15-year shelf life. If it is not used up by then, it will be mostly depreciated.

Three billion taels of silver, plus more than nine billion foreign exchange, except for the domestic part, in order to prevent inflation, the other 10 billion will be spent in fifteen years, which is a rhythm of spending 700 to 800 million a year. However, the current trade deficit is less than 200 million Chinese yuan per year. When will this money be spent? Maybe you can buy machines, but does China need so many machines? Tractors, cars, engines, and aircraft, you can make them yourself. All China needs is machine tools and various technologies, but even so, I still don’t know what to buy.

Since gold reserves cannot be increased, the next thing to discuss is the handling of hot money. Three billion taels of silver were originally made by the private sector in the past four years, while the other 12.8 billion Huayuan was earned by the government. Convert silver into Huayuan, which is 17 billion. Except for the domestic circulation of 5 billion Huayuan, the remaining 12 billion is hot money. Fortunately, this money is basically controlled in the hands of the government. Unlike later generations, most of them were owned by private companies, and they had to settle foreign exchange in China to exchange equivalent RMB, causing the RMB to depreciate sharply. In the end, they had to rely on the real estate market to "digest" it.

This 2 billion hot money can now be regarded as a country's overseas investment, but this investment only has a shelf life of fifteen years. Once fifteen years pass, if the holdings are still cash, it will shrink and depreciate on a large scale; but if it turns into overseas assets, how will it fight World War II? Once it is targeted by the United States, it will be like Germany now, with an overseas asset of up to 1.3 billion pounds becoming on-site food for Britain, France, the United States and other countries.

It is not as clear as Yang Rui's understanding of the future historical trends. Yu Huizu, Du Yaquan, Zhang Kun and others don't take money seriously. Du Yaquan said: "It turns out that this is a problem of spending money. Don't you want to scientific agriculture, convenient transportation, and popularize education? We simply don't charge taxes and rest for ten years. In these ten years, we will spend 12 billion yuan, and spend 1.2 billion yuan a year..."

Du Yaquan really doesn't understand finance. He said this, not only Yang Rui, but also Yu Huizu and Zhang Kun shook their heads. Fortunately, their family members knew their own affairs, so he stopped halfway. Yu Huizu said: "When the country was founded, the national GDP was about 8 billion taels, and by last year, it should have been 10.5 billion taels, with an annual growth rate of 5%. At this rate, within ten years, minus export income, the average annual increase in money supply is about 20 to 300 million, so that the output and currency match and will not cause inflation. But the problem is that this 12 billion is not spent in a year, so there is a lot of spare money in your hands every year. If this money is only in your hands and cannot be used, the loss will be quite large."

"The annual growth rate of 5% is too low, so it should be adjusted to 7%. "Yang Rui said. "But the prices of grain and other daily necessities must be controlled, and even garlic cannot be leaked."

Yu Huizu and others, who don’t know what it is, are a little sensible, but since Yang Rui said that the annual GDP growth is set at 7%, it is set at 7%. Although it is the era of real gold and silver, rather than the era of fiat currency printing whenever you want, there is foreign exchange in hand, and the growth is not enough, which can be driven by the government’s fixed investment.

"Don't the Ministry of Agriculture and the Ministry of Industry need money?" Du Yaquan offered another second strategy, "Fifteen acres of arable land in agriculture, two taels per acre, here is 4 billion Huayuan; there is also the Ministry of Transport, didn't it say that it would build a national transportation network? This is 3.8 billion taels, about 5 billion Huayuan, here is 9 billion. If there are some other investments, these more than one billion will be spent soon."

After Du Yaquan said this plan, Yu Huizu smiled and said, "Qiufan, it would be great if it was really that simple. Except for the fixed assets that can be invested in proportion every year, such as repairing the transportation network, the rest can only be spent abroad, not in China. The transportation network 3.8 billion taels is the price we repair ourselves. If it is replaced by foreigners, the cost will probably double. If this money is really spent like this, it would be a waste.

As for the 4 billion agriculture, this is just a digital game. The money borrowed at the beginning of the year will be collected when the grain is collected at the end of the year. This is actually just agricultural tools, seeds, fertilizers sold in credit, and banks are guaranteed to farmers. As long as the banknotes have a credit guarantee, there is no need to pay much money. Later, farmers become richer and richer, it doesn’t matter if they don’t have any loans. I now think that the landlords and wealthy people hiding gold and silver are a way to avoid inflation.”

Yu Huizu joked, and Zhang Kun said. "No matter how much this money is spent, a large part of it will be stuck in the account and there is no place to go. The best way is to invest overseas, but this involves foreign interference. Our Navy must revitalize. If the Navy has difficulties, then it can only purchase national debts such as Britain, the United States and France, so that it can ensure income from drought and flood."

The term "national debt" made Yang Rui get goosebumps. Didn't the trillions of dollars in later generations buy Americans' national debt? The one who borrowed money was his grandson, and the one who owed money was his grandfather. Even though it was physical currency now, he didn't want to do this.

"It's better to set up an international investment company to operate this money. The principle is: you can do some short-term and fast investments from outside, but financial investments that exceed 15 years should be avoided; if you invest in large quantities abroad, you must not only pay attention to local risks and maturity. Non-financial investments must also set the recovery period within 20 years; and the silver in your hand depreciates the fastest, which is the first thing to spend. The US dollar and pound must also be spent within ten years. If you really can't spend it, then exchange it for physical assets, but the investment location should be chosen in the Nanyang area, such as rubber and tin or other assets, you can invest in it.

Yang Rui explained the issues to pay attention to when using these money. After saying that, he said: "These are just ways to preserve value. Domestic construction requires money, but like transportation, agriculture, and industry, although this money is needed, not much is available. The transportation network has 5 billion Huayuan, and invests 3 billion Huayuan to operate on its own, as well as domestic tax support. There is no need to spend more money at all. The same is true for agriculture, mainly because it is difficult to start up funds. As long as there is a certain amount of funds to drive it into a positive cycle, the next thing will come naturally;

Then there is industry. What we want to buy from the outside world is just machine tools. The output value of machine tools in the world is only over 100 million US dollars. If you minus your own use, you can export it only 30 to 40 million US dollars. This is really not enough for us to spend. Even if we add large equipment such as blast furnaces and hydraulic presses, we can't spend much money. There is another biggest problem. Who can I buy so many machine tools and sell them to? You can't buy them and then give them to the people for use. The market is the market, not funds, but we can lend to some countries where we can eat and live, so that they can buy our industrial products, but they need some reliable collateral."

When Yang Rui said this, he immediately thought of the two Khanate countries in Central Asia and Persia. These countries can lend with confidence because they have collaterals, natural gas and oil; and the Soviet Union can also lend, so I don’t know what Comrade Stalin uses to mortgage it.

The leader slightly left the gods, but his 15-year and 20-year theory only shocked Yu Huizu and Zhang Kun. Based on their understanding of Yang Rui, this is not a random number. No matter how you look at it, it is a prediction that the international financial community will undergo drastic changes in fifteen years, so you must spend all your cash within fifteen years; instead of investing in non-financial assets is set within twenty years, what will endanger China's non-financial investment? Thinking of the last sentence of investing in Nanyang, Yu Huizu and Zhang Kun suddenly thought of the confiscated overseas assets in Germany, and were confused: Could there be another war in twenty years?

When Yu Huizu and Zhang Kun were confused, Yang Rui was thinking about Comrade Stalin. When they were confused, he also thought about it.

"I think the money should be spent in these aspects." Yang Rui said, "First, buy or invest in various resources. For example, nickel ore is controlled by the UK in Canada. After the end of the European war, the price will fall back to the past to see if it can be bought in large quantities; the same is true for oil. Now the price is four dollars per barrel, and before the war, it can only be 1.4 dollars per barrel. A salt cave storage warehouse is established in China. Judging from the current annual output of 300 million tons of oil in the world, as long as it can be put down, it is okay to buy tens of millions of dollars a year; there are also intellectual copper mines, Indian Monastery, African uranium mines, and laboratories can also list a form to see what is worth buying. As long as it is valuable, buy it.

This is a thing, and then it is a human. The plan made by the school is to send 4,000 international students every year, 10 million taels a year. I think it can be increased, provided that there is a school abroad that can study. If 50,000 international students are sent a year, it will cost 100 million US dollars. This is just a student. In fact, studying abroad is not limited to students, domestic technicians, teachers, factory owners, vendors, and even brothels, as long as they are not going to play..."

Yang Rui suddenly laughed and said, "Actually, we can't care if we really go out. Anyway, going abroad and travel around the world will help their knowledge. After returning, they can actually use what they see, what they have learned and what they have learned in China. Then they can let them go out for a look, which is better called business investigation. There are at least hundreds of thousands of people in all walks of life across the country, even if they go out for half of them, one thousand five hundred million dollars per person, that's 300 to 400 million US dollars. And those Confucian scholars, don't they hold Confucius to let go, and they can also send some bold people out to see what kind of world is outside.

In addition to being sent out, you can also invite in. Since the United States declares war, it is only a matter of time before Germany is defeated, and the whole of Europe has been spent. We have foreign exchange, so we can invite those skilled and talented people to come in, either to schools or to factories. However, this is mainly scientific and technological talents, so there is no need to invite social science talents.

Furthermore, scientific research is extremely expensive. Not only do we need to increase investment in the laboratory, but we also hire well-known scholars and professors from all over the world to do research. The honors are theirs, but the scientific and technological achievements and the students he teaches are ours. There are so many geniuses in the world who always have to live in the world because of the embarrassment of reality. Then let’s give them a chance.”

As if he was excited, Yang Rui said: "Just take out half or one-third of the money as a scientific research fund. Don't foreigners have an explosives award? Then we also set up an award, the amount and influence of the prize must exceed that explosives award. As for the recruitment of talents from all over the world, you can use Shanghai, Nanjing and Hangzhou as the center. You can completely transform the urban facilities of the three places, establish super-large research institutes, and set up various laboratories. Then you can hire European and American talents with high salaries and high rewards. Who is called Tesla? Such people who spend money like flowing water can be invited in."

Yang Rui said it further and further. The record of Li Zilong's pen was like flying, but fortunately his imagination ended in a short while. After hearing his long discussion, Yu Huizu said for a long time: "It was done, this is to send all walks of life to study abroad for money, and then the whole world paid for money to hire foreigners, and nothing else spent much money. After the establishment of an international investment company, the money must be value-added. Based on the annual interest rate of 4 cents, there will be nearly 500 million Chinese yuan interest in that year. I think we can first follow your ideas and hold an expanded meeting to see if there is no other way to spend money. Besides, what should we do in Central Asia? After the truce in Europe, will we fight with the Russians?"

"Over there..." Yang Rui's thoughts couldn't help but float from Tesla to Kazakhstan. "If you can, don't fight, don't fight, but I think you have to fight."

"How much does it cost to fight the military expenses there?" Yu Huizu asked again.

"Now I have money, the Western Regions Railway can be repaired. After occupying Central Asia, after leaving the Alaska Pass, it is necessary to build a railway that bypasses the Aral Sea and leads to Persia Tehran. By the way! I forgot to say that immigration is also a big deal. According to Russia's previous immigration to Siberia, each household has free boarding tickets along the way, and when they arrive, they will pay a hundred rubles for the settlement, plus a pair of bulls, seeds, and farm tools. Each household needs about five hundred Chinese Yuan. We don't send oxen, just send tractors. If we immigrate to Siberia for five million, it will cost 2.5 billion Chinese Yuan." Yang Rui answered the question inappropriately.

Yang Rui rashly came out to immigrate for five million. Yu Huizu was startled and said, "Is this five million just the northwest, or the northeast and the outside northeast?"

"Of course, it's just a place in the northwest." Yang Rui said. "Not to mention Central Asia, just say that there are almost no Han people in the entire Western Regions. What can I do if I don't immigrate? I still think there are fewer than five million people, so it's better to fill it with 10 million people. Don't worry about the lack of land there and the large land there. Instead of starving to death in the pass, it's better to go there and enjoy your happiness."

"But the people just got separated, are they willing to go?" Du Yaquan was startled when he didn't want the immigration plan to be so huge.

"How much land can there be? Not to mention that some places have to return fields to forests, to return fields to lakes, and to build reservoirs. Even those who divide land are just a little better than before. Many places still have no food and can't wear clothes. If the people really want to live a well-off life, they have to immigrate outside the customs. The northwest is farther than the northeast, but we can exempt 30 years of taxes there and allow them to have children. Anyway..." Yang Rui waved his hand, "I don't care. Whether the farmer associations in various places set indicators or draw lots, those poor farmers who don't have pants will report it to me, and all immigrate to the northwest. Even if I make a decision for a while." (To be continued...)
Chapter completed!