The Fourth Lingshi Financial Crisis

Chapter 244 The Mess Is For You
The essence of currency is the medium of exchange.

The amount of currency issued should theoretically be determined according to the total demand for currency in the market, and the total amount of currency issued should also be adjusted according to the actual needs of economic development. To meet the needs of the development of the commercial society, because the supply of assets such as gold, silver, and bitcoin is exogenous and cannot actively match the total demand for money in the whole society.

The credit currency system seems to have solved the problem of uncontrollable total issuance of traditional physical currency, but it also has a fatal flaw: the Lingshi Reserve Bank is also managed by certain interest groups and has its own interest considerations.

As Li Qingyang just said, all social crises are financial crises and distribution crises in essence, and distribution crises are theoretically unsolvable, because every individual in human society hopes to allocate more resources to themselves. However, no distribution system can meet the needs of all social individuals, and certain trade-offs must be made.

The different social systems of human beings are essentially different distribution systems.For example, the market economy gives a very cruel but perfect distribution plan:
Survival of the fittest.

Or to use Yang Lu's preferred expression, idiots cannot be educated, they can only be eliminated.

If there is no market competition, no one will admit that he is a fool, and there is no set of standards to prove that someone is a fool, but the market tells everyone a fact very clearly through price signals:
Who is wise and who is fool.

It's useless if you don't admit it, because the market will vote with money.

However, as the core of a modern market economy, the central bank itself is the largest non-market institution.

Just like the earth’s monetary policy experts like to talk about the independence of monetary policy, Li Qingyang can maintain the general fairness of monetary policy because he is a vested interest in the Lingshi Reserve Banking System.Yet the distributional power that comes with the authority of monetary policy is so great that no political organization will let it go.

Even on Earth, apart from the central bank’s preference for the independence of monetary policy, governments of all countries are actually strengthening their control over the central bank, trying to use monetary policy to achieve their own political goals.

The same is true for the Wuliang Sword Sect.

If the Lingshi Reserve Bank really becomes an accessory of the Wuliang Sword Sect, a financial crisis is almost an inevitable result.

Thinking of this, Yang Lu didn't ask Lin Jianxing what he wanted to use Lingshi Reserve Bank for, but asked directly: "Has the next president of Lingshi Reserve Bank been decided?"

Li Qingyang sighed lightly and said: "I have already communicated with Lin Jianxing, and my position will be taken over by Vice President Yun Tianhua. In return, I will support the head of Lin to lead the reform of Zhongzhou's social security system. This is what I can win For the best."

Yang Lu had also heard about Yun Tianhua, vice president of Lingshi Reserve Bank.

The Lingshi Reserve Bank has been established for more than 500 years. Even Li Qingyang, who was only in his twenties at the time, is now very old.Except for Mo Yunlan who successfully advanced to the Nascent Soul stage, most of the other Zhongzhou cultivators who followed President Lu Yang to fight the world have exhausted their lifespan and died. Only the vice president of Yuntianhua survived.

Yun Tianhua is about the same age as Li Qingyang, but because of his top-grade spiritual root aptitude, he is now a late Jindan monk, and his lifespan is more than a hundred years longer than Li Qingyang.It’s just that President Yun’s level of financial theory is very mediocre, let alone compared with Li Qingyang, even compared with Xu Yannan, and he is still a good old man who doesn’t want to offend anyone. The position of the vice president is entirely due to the old enough qualifications.

If there are any advantages of President Yun, it may only be "I admire President Lu very much".

Obviously, Yun Tianhua is not a suitable candidate for the fourth president of Lingshi Reserve Bank. At best, he can only be regarded as a puppet president with no opinion, but he is indeed acceptable to all parties. Candidates.

First of all, he is a member of President Lu's team, and he will not fall to Lin Jianxing casually; second, he has a relatively soft personality, and will not give Lin Jianxing the slightest face like Li Qingyang; finally, Yun Tianhua's lifespan is only less than a hundred years, even if everyone is right No matter how dissatisfied he is, after a hundred years, the president of Lingshi Reserve Bank will have to be replaced again.

Unless President Yun can explode in character and successfully advance to the Nascent Soul stage, that will be another story.

However, Yang Lu believes that the probability of Yun Xingchang advancing to the Nascent Soul stage is extremely low.Not to mention that the advanced Nascent Soul stage is the biggest threshold other than ascension. There are nearly 300 Jindan Stage monks in the Wuliang Sword Sect, but there are only six Nascent Soul Patriarchs. I am afraid that some people whose interests have been harmed will not sit back and watch him advance smoothly.

Based on Yang Lu's understanding of Lin Jianxing, this person is absolutely not stingy with killing fellow sects who threaten his power!
Because of this, Yang Lu thinks that Yun Tianhua is a transitional president and cannot be called Li Qingyang's successor at all.

So he couldn't help asking: "If Yun Tianhua dies, who else can stop Lin Jianxing from getting involved in the Lingshi Reserve Bank?"

A trace of fatigue flashed in Li Qingyang's eyes, he shook his head weakly and said, "I don't know...even I don't know, whether Yun Tianhua can survive his 100-year term smoothly."

"You are always the financial leader in the cultivation world of Kyushu, don't you have no backup?"

Li Qingyang smiled bitterly and said: "You have to know that the establishment of Lingshi Reserve Bank was not only because of the genius of President Lu Yang, but more importantly, it had the full support of Ma Tianyi, the head of the Wuliang Sword Sect at that time. Today Lin Jianxing has a deep prejudice against Lingshi Reserve Bank, and I can barely maintain the current situation because of President Lu's legacy."

Seeing Li Qingyang put on a bad look like "I'm about to die anyway, I'll leave the mess to you", Yang Lu really didn't know what to say: "This...do you still expect me to turn the tide? "

"You are a demon from beyond the sky. If even the demon from beyond the sky can't maintain the independence of the Lingshi Reserve Bank, it can only mean that the world of cultivation in Kyushu should have suffered such a catastrophe long ago. A generation has a mission for a generation, and I'm just an inferior product. Spirit root cultivators are worse than you and President Lu. Being able to operate the Lingshi Reserve Bank to this day is considered to have overfulfilled the tasks assigned by President Lu!" Li Qingyang has been in power for 200 years, and he is obviously not a sympathetic virgin. He didn't seem to care about the rise and fall of the cultivation world. Instead, he cared more about the significance of the Lingshi Reserve Bank as President Lu Yang's legacy.

It may be because of various halos added to the body.

Li Qingyang's image in the outside world is very majestic and upright, an image of devoting himself to the people of Kyushu and dying, but seeing him today, Yang Lu feels that Li Qingyang is actually not that noble.Or in other words, Li Qingyang, the aloof Lingshi Reserve Bank, is actually just an ordinary person, not a saint.

His attitude towards the fate of the people in Kyushu is probably that I try to do what I can, and if I can't do it, then I can't help it.

Just when Yang Lu didn't know what to say, Li Qingyang's expression became serious again: "Leaving aside the future fate of the Kyushu cultivation world, I called you this time because I want to verify the attitude towards President Lu that has been treated for hundreds of years. Guessing your true identity, and secondly, you want to see if you have the ability to protect that girl Qingning!"

(End of this chapter)