The Fourth Lingshi Financial Crisis

Chapter 160 Cultivating Return on Capital

In the final analysis, the world of comprehension in Kyushu is still a world ruled by cultivators. Although the Wuliang Sword Sect has held high the banner of law to sanction vassal sects, this is all out of the need to maintain its own rule.

The core of the Kyushu cultivation world is still a society ruled by man with high-level practitioners at its core.

In a society ruled by men, the right or wrong of the matter itself is not important, what is important is the attitude of the big boss in power towards the matter.

Although all kinds of evidence show that Lu Anping is the culprit in the Tianshu City case, as long as Mo Yunlan insists that the incident is a malicious frame-up by hostile forces, and the bitter master Cheng Shuying is unwilling to pursue and attack, it will be difficult to conclude the matter.Just like other vicious cases in Zhongzhou, the Tianshu City case quickly reached a stalemate.

As the biggest victim, Cheng Shuying withdrew from the competition for the new generation of cultivation guarantee system, but won compensation from the Wuliang Sword Sect for the Mountain Eagle Sect. disgrace.

The Haiya Department and Duzhitang themselves are people who eat melons, and they just want to get rid of themselves from the beginning to the end. When they see Cheng Shuying, they choose to pretend to be deaf and dumb. Of course, they also hope to get rid of the matter as soon as possible.

Lin Jianxing wanted to continue to pursue Mo Yunlan's responsibility, but under Yang Lu's intentional guidance, Cheng Shuying had long suspected that he was the mastermind behind the scenes, and he would not follow his will at all.

Therefore, Liu Hanxing struggled for a long time, creating a huge momentum, and finally only achieved the goal of shaking the mountain and deterring the local forces, without any substantial benefits.And the indistinct hostility expressed by Cheng Shuying, who had withdrawn from the competition for social security reform in Zhongzhou, made Lin Jianxing, the leader, feel a thorn in his back.

Due to the stalemate between all parties, the Tianshu City incident was eventually classified as malicious sabotage by the Wuliang Sword Sect as an "overseas sect".

Lin Jianxing, head of the Wuliang Sword Sect, also wrote a special article in the "Cultivation Finance Weekly", which can be regarded as a final conclusion on this matter:
"(200 characters omitted below)"

Once the statement was issued, the Zhongzhou vassal sects spoke out one after another, condemning the despicable and shameless overseas cultivation sects.

Although the Wuliang Sword Sect cast the blame on overseas sects, the bad influence caused by the Tianshu City incident has not been eliminated.

In order to clear up his own suspicions, Mo Yunlan put on a life-saving attitude towards Lu Anping. Therefore, this special trade representative of the Wuliang Sword Sect was finally fined ten years of salary for the crime of negligence, and even his position was not adjusted. This level of punishment is roughly equivalent to three glasses of fine wine.

Even if the Haiya faction had some complaints about this perfunctory handling, they were powerless to oppose the decision of the Wuliangjian faction.

After reading headmaster Lin's column titled "Three Nevers" published in "Cultivation Finance Weekly", even Li Qingning, who is extremely insensitive, could see that the Tianshu City incident was "raised high." Get up, put it down gently", only the Zhujia Chamber of Commerce became the biggest loser, and it was not liquidated by all parties thanks to Liu Hanxing's strong protection.

However, when Li Qingning talked about this matter, he didn't seem very happy.Sensing Missy's preoccupation, Yang Lu couldn't help but ask, "Missy, what's bothering you?"

Li Qingning didn't mean to hide anything, and said frankly: "The relationship between Haiya Chamber of Commerce and Duzhitang has been tense recently. I heard from Elder Han that even Jiang Hua'an and Su Yuanfeng were very unhappy because of the attack on Tianshu City. He intends to continue the cooperative relationship with Duzhitang, but Su Yuanfeng disagrees..."

Yang Lu chuckled and said: "It's not surprising, after all, Su Yuanfeng and Lu Anping had a complete quarrel this time, but Lu Anping was not transferred by the Wuliangjian Sect in the end, and the two are still working in the same city. An embarrassing scene when people meet."

Li Qingning nodded and said: "That's right, so when Elder Han Xinhe proposed to expand the cooperation between the Haiya Department and the Qingning Chamber of Commerce, the two parties did not raise any objections in order to win the support of him, a neutral faction..."

Yang Luqi said: "Wouldn't it be a good thing for us to expand cooperation with the Haiya Department?"

However, Li Qingning was extremely coy and coy: "You also know that our Qingning Chamber of Commerce does not have much capital, and it was all established with my own funds. Now that we want to continue to expand the business scale, it is really... really..."

"Is there really more than enough heart and not enough energy?"

Seeing that Yang Lu had finished speaking what he was not ashamed to say, Li Qingning blushed a little, and nodded his head as an admission.

Regarding the financial problems of the Qingning Chamber of Commerce, Yang Lu has long been aware of it.It was very costly to start the chamber of commerce. Even after he fully took over the management of the Qingning chamber of commerce, he did not expand the business scale of the Qingning chamber of commerce at will. In other words, the Kyushu cultivation world does not make money for anything.

Modern people are accustomed to the rapid development of science and technology and the rapid progress of civilization, but few people realize that the exponential economic growth that has lasted for 200 years since the Industrial Revolution is not the normal state of civilization development.In the thousands of years before the Industrial Revolution, the rate of progress of human civilization has been linear.

In a civilization with linear development, it is difficult for the level of risk-free interest rate to remain high for a long time.Some people may think that usury was rampant on the ancient earth, but that kind of private usury is not a sustainable business, it is more like a means of exploitation. Instead, the land and the food produced by the land are more similar to the ancient version of the risk-free rate of return, while the feudal dynasty In the later period, the phenomenon that the land output remains unchanged but the land price soars is itself a manifestation of the continued decline in the risk-free rate of return.

Because the level of market central interest rate can only reflect two and a half things, the first thing is the level of return on capital, the second thing is the level of investment discount rate, and the remaining half thing is the position of the central bank .

It is precisely because the interest rate first represents the rate of return on capital. When the development speed of the entire civilization slows down, the rate of return on capital will inevitably decrease. After all, if you make money in any business, then the economic development should already be in full swing.

Cultivation itself has obvious anti-social characteristics.

In the world of Kyushu cultivation, the improvement of personal cultivation will not promote social development. The long-term stagnant economic development will inevitably bring about serious involution of capital and a sharp drop in return on investment. What's more terrible is that Kyushu cultivation The civilization of the world has not only stagnated for a long time, but the life span of practitioners is also ridiculously long.

This long lifespan will in turn reduce the investor's investment discount rate!
For mortals with a lifespan of only a few decades, it is quite remarkable to be able to open a century-old store, but for a Yuanying stage monk who lives for thousands of years, even running a thousand-year-old store is not difficult.

If you tell a mortal that it takes 100 years for a certain business to pay back, this person will most likely think you are a liar, but if you tell a monk in the Nascent Soul Stage that a certain business can only be paid back for 100 years, he will think you are a liar. would be quite interested.

This is the impact of lifespan on the discount rate of capital. High-level cultivators with a long lifespan not only hold the vast majority of social capital, but also endure a lower long-term return on investment than ordinary mortals.

The central bank can only intervene in the trend of interest rates in the short term, and itself is only a recipient of long-term interest rates. For various reasons, the real return on capital of the entire Kyushu cultivation world has become appallingly low.

(End of this chapter)