The news of the new Tuvalu issuance of a new currency spread all over the world in a short period of time.
For ordinary people, it is very normal for a country to issue currency, and there is nothing to make a fuss about.
But for many people who work in the financial industry, this is one thing that has to be concerned.
Because there is a financial instrument called foreign exchange speculation.
But when these people thought that they could make considerable profits through the issuance of currency in New Tuvalu, they couldn't help but complain after understanding the situation.
"Only S$2 billion was issued and what are we going to do?"
a fund executive began to complain at a regular meeting.
"It's still a trivial matter, and the most important thing is that they don't even open their foreign exchange business in New Tuvalu," another executive also complained, saying: "Now, in addition to the service that citizens of New Tuvalu can exchange for new currency, non-New Tuvalu citizens who want to exchange new currency must go to New Tuvalu and then exchange the same amount of new currency according to their personal consumption budget." ” "We could contact a group of New Tuvalu citizens and ask them to help exchange the new currency," one suggested.
Although the total amount of 2 billion is relatively small, if we can grasp a part of it, we can operate it. ” "You're thinking too much."
Someone immediately retorted: "Not to mention how many New Tuvalu citizens we can contact, and how likely is it that such a large-scale operation will be discovered."
Let's just say that New Tuvalu's quota for citizens to exchange new dollars makes it impossible for us to get new coins in large quantities. ” "Limit" Apparently some people don't know the news yet, and can't help but ask: "What if citizens want to spend a lot of money?"
"Large purchases can be swiped, and the exchange limit of cash is controlled."
"And if the Singapore currency is in the account of a New Tuvalu citizen, there is no way to trade it directly, it needs to be converted into foreign currency before it can be traded directly," one person explained. ” "Are the citizens of New Tuvalu willing to bother so much?"
"Of course they do, they can get extra points when they use this new currency to spend in New Tuvalu, and these extra points are related to the level of the amount of living allowance they can receive each month, how can they not want to."
"That's a clever tactic."
"When he announced that every citizen's living allowance would reach $3,000 a month, I was waiting to see his jokes.
Because when the population of New Tuvalu reaches the millions, the monthly expenditure is simply astronomical. ” "He's not stupid, look at the legal system and the scoring system in New Tuvalu, how many people can receive the full living allowance," an executive also admired, saying: "In addition, most of the industries in New Tuvalu are his, and the money sent to the people will go back to his pocket."
Whether it is goods or public services, there is a profit, just like the houses that the people of New Tuvalu live in now have to pay rent.
In the short term, this is a loss-making business, but when the population of New Tuvalu increases to a certain number, his contribution will become less and less.
Because as the market grows, costs go down and profits go up. ” Another person answered: "Now, he has directly issued new currency, whether it is living allowance or people's consumption, these money are printed by him, and there is no need to spend separately." ” The CEO of the fund company said: "You all overlook the fact that His Majesty the King of New Tuvalu has a lot of highly profitable industries.
For example, VR glasses, and even derivatives of other 3D projection technology, or ultra-silicon cells, are about to become necessities of human life.
If these products are used by the New Tuvaluans, in effect, they are merely equivalent to buying them at cost.
In other words, the money he gives out will eventually go back to his pocket, and even more. ” As others prepared to continue their discussions about the cost of the monthly subsistence allowance that His Majesty the King of New Tuvalu would pay to the people, someone cautiously uttered a sentence.
"Guys, we seem to be meeting to discuss how to make a profit from the new coins issued by New Tuvalu."
The others woke up in an instant, and the content of the meeting was off-topic, which should not be what those of them who claimed to be the elite of society should do.
"I don't think there's a need to discuss it."
One executive said: "With the current defensive posture of New Tuvalu, it is simply impossible for us to make a profit by manipulating the market exchange rate of Singapore in the short term." ” It is not inconceivable for these elites to ignore the official exchange rate of a country and manipulate the market exchange rate of that country in order to make a profit.
In the financial industry, they are God.
Not to mention a small country like New Tuvalu, even Thailand was gnawed off a large bone by a financial giant at the beginning, so that the Thai baht almost became waste paper.
The fund's CEO concluded: "Now, all we have to do is wait for New Tuvalu to officially open its currency exchange business, or issue government bonds, or even use Singapore currency to import various commodities from abroad."
As long as there is a hole in their defense, then we can cut a piece of flesh off them. ” There are many other companies similar to this fund company, but these people have almost made the same conclusion.
Li Daniu, who was holding a regular meeting at the Royal Palace in New Tuvalu, didn't know how many people had beaten his idea, but he could imagine it.
"Burns, is there any problem with the current price and the exchange rate of the Singapore dollar?"
Burns is more confident in his profession than in other government affairs.
"Your Majesty, please rest assured that the method we have devised is arguably the most stupid method in the world.
But this is the stupidest solution, but it is the most effective way to defend against financial attacks in a short period of time. ” In fact, the current monetary policy of New Tuvalu is completely equivalent to a closed country and a self-contained system.
If there is no interface with the outside world, how can those foreign financial organizations get their hands on it?
As for New Tuvalu, there are some people who know the subject.
However, because of the quota exchange and the price bureau's regulations on the value of goods, there is no chance to start.
On top of that, so far, almost all foreigners who choose to immigrate to New Tuvalu are people who don't mix well in their home countries.
These people, together can't exchange S$2 billion, so what is there to worry about "Although this method of strict prevention and stubborn defense is effective, it is still a symptomatic but not a cure."
Li Daniu instructed: "I hope that you can introduce more detailed policies as soon as possible to fundamentally solve this problem of fearing financial attacks."
At the same time, we should encourage our existing citizens to start their own businesses, and only when per capita income increases and spending power rises, will the GDP of the whole country rise.
Relying solely on my industry to drive the country's GDP is not a long-term solution after all. ” Hearing Li Daniu's words, the people who participated in the meeting were all ashamed, these people are the main leaders of the New Tuvalu government, and all their current funds are borrowed from Li Daniu.
Although Li Daniu's properties are registered in New Tuvalu, because of the royal privileges, he does not need to pay a penny of taxes at all.
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It is difficult to count on the current business climate in New Tuvalu to pay all government officials through taxes.
Burns replied: "Rest assured, Your Majesty, we will do everything in our power to make our business in New Tuvalu develop."
Whether it is by allowing citizens to start their own businesses or attracting foreign investment, we will definitely make our new Tuvalu's total GDP grow by leaps and bounds. ” "I hope you can give me a satisfactory answer when the time comes."
Li Daniu Zhengse said: "But I need to remind you that there are some industries that can pull GD, but they must not be done, such as serious environmental pollution."
If there are people who want to invest in this kind of aspect, they can build factories abroad and then sell them domestically. ” t1706231537: