Chapter 64 The Visit of the Professor
During the war, any currency made of paper or metal will be inflationary due to the rise in prices caused by shortage of materials during the war, and therefore the value will be reduced.
Von Brown implemented wartime economic interventionism during the war, which was to intervene and control the value of the currency that should have been linked to the exchange rate, so that no matter how the "Het" in other places depreciates, the prices in Von Brown were still as usual as before the war.
However, the cost of this method is huge. Haitt is issued on gold. In order to stabilize internal prices, von Brown needed a large amount of gold to reserve.
During the war, von Brown's gold had two main sources. One was underground transactions with countries such as the Earth Federation and the Principality of Gene, and exchanged certain resources for gold, but this was only a minority. The biggest reason why von Brown could ensure the stability of prices during the war was its good banking system. von Brown was known as Switzerland in the universe. The credibility of its banks and the system of not reviewing the source of property made the earth circle, whether black or white, rich people were willing to store publicly and non-publicly in Von Brown's banks. In the war, when gold became the only currency with unchanged value, von Brown's banks were rarely deposited with paper money.
In addition to ensuring national stability during wartime, von Brown's system also left great risks.
Von Brown's currency is still Heat, not the rest. Heat was printed and issued by the Earth Federal Reserve, and its control is not in Von Brown.
Although von Brown's method of stabilizing the currency with gold can be stable for a while, if Hitt's inflation rate is higher than the range that Von Brown's gold reserves can control, von Brown will fall into a serious fiscal crisis.
Next, von Brown's gold is not owned by itself, but of those depositors. Although von Brown can temporarily borrow this valuable money during the war, once the war is over, it is difficult for the rich to remove the gold that exists in von Brown's bank. Naturally, some of the money can never be taken away because their owners have disappeared or died due to the war, which gave birth to the Property Review Committee, a temporary department that, in the view of the Parliament, is a pure waste of public funds.
The most important thing that influenced von Brown's post-war economy was the currency it circulated. During the war, the value of Hitt decreased and the inflation was severe. In addition, in order to alleviate fiscal tensions, the Earth Federation caused the Federal Reserve to print a large amount of paper banknotes, so the number of paper banknotes in the market increased dramatically. After the war, the value of Hitt circulating in the market was hugely different from the value of Hitt controlled by von Brown. In this case, many financial giants in the Earth circle took the opportunity to make profits, while acquiring Hitt a large amount of money, while digging hot money into Von Brown, making huge profits in a legal way.
It is foreseeable that von Brown will inevitably experience a Great Depression.
Although Lenas does not understand economics and does not know so many tricks, she once "traveled around the world". In other parts of the world, she saw how the people there used to "insult" as waste paper. Therefore, she vaguely felt that it is better to keep gold and real estate than to keep "Het" than to keep "Het". At least gold will not be treated as waste paper, and a house of hundreds of square meters will not suddenly be missing one square meter. Therefore, Lenas finally decided to pay taxes by paying cash. Her behavior soon received a reward.
A few days later, when the new week just arrived, many went bankrupt.
Hait poured into Von Brown in large quantities and exchanged a large amount of gold. The von Brown government could no longer control the exchange rate and prices, so Hait depreciated and prices soared. At the same time, the value of gold rose sharply. Renas's original gold worth 15 million is probably worth ten times the value of the previous one.
After completing all the procedures, Lenas took back her "her" property as a matter of course. Then, after more than a month of idle work, she welcomed a special guest.
This is a woman about twenty-seven or eight years old, wearing a beige top and a light blue long skirt. From her, she can see the charm and tenderness of the beauty, and the erudition and wisdom of the wise. Her name is Alia Fiat, who is the youngest professor in Anaheim Academy.
"Hello, Miss Renas." Alia said in a gentle tone, "I am Alia Fiat, professor at Anaheim Academy." While speaking, she handed out a business card.
Lenas took the business card and took a look.
"Hello, Professor Alia." After confirming the other party's identity, Renas responded politely, and then asked, "Is there anything you have to do with me?"
Alia smiled slightly and said, "I am here on behalf of Anaheim Academy and invite you to study in this college."
"Oh!" Renas let out a surprise and didn't quite understand what Alia meant.
During this month of Von Brown's life, Lenas also knew something about the city.
Anaheim Academy was a comprehensive academy invested and built by the Anaheim Group ten years ago, integrating primary schools to universities. In particular, its universities developed rapidly in just a decade after its establishment. Especially when famous universities in the Earth Circle, such as Oxford, Cambridge and the so-called Ivy League schools, have been burned by war, it has become one of the top universities in the Earth Circle in its current period.
Lenas vaguely remembered that during this month, the most interesting news she saw was that children of different ages from all over the world crowded into the admissions examinations for Anaheim Academy. At that time, Lenas found it interesting, but she just thought that this school was really that charming? She didn't expect that one day she would have something to do with this school.
Lenas wondered: "I remember that the admission rate of your college seems to be 100 to 100, and I haven't heard of any invitation to enroll?"
Alia smiled gently and explained: "The admission rate of the school is so high because the school has high requirements for recruiting students. As for inviting students," Alia smiled playfully, pressed her index finger against her lips, and said sarcastically while doing a quiet position, "That's not nothing, it's just not public. The secret of the upper class is not public."
Alia came from a high-class family. Most of the young people in the upper class are like her. On the one hand, they enjoy the privileges brought by their upper class identity, and on the other hand, they scoff and mock this injustice.
Alia thought that Renas was also from a class and must be familiar with this potential rule, so she just said something simple.
PS: Schools are always better than government-run, and senior intellectuals run better than farmers. They always see that universities are among the top 500 in the world.
It's very funny. The quality of a country's universities should match the GDP of this country. Not to mention comparing domestic universities with universities in Europe and the United States, it is difficult to compare with Singapore and Wanwan in the Chinese-speaking area.
Chapter completed!