The Fourth Lingshi Financial Crisis

Through the explanations of Han Fulai and Su Cheng, Yang Lu finally sorted out the ins and outs of the whole matter.

As the economic problems in Kyushu intensified, the Comprehension Chamber of Commerce, which was responsible for maintaining the normal operation of the cultivation world, had serious financial problems, and even gradually threatened the normal operation of the supply chain of the entire cultivation society.

However, it is only the comprehension chamber of commerce and the low-level comprehensionists that are difficult, not some comprehension capitalists who are extremely wealthy.

Plutocrats and oligarchs like the Han family and the Su family in Kyushu hold a large amount of Lingshi coins in cash, but it is certainly impossible for them to use their private wealth to fill the holes of the chamber of commerce and sect.

Facing the haze of the looming financial crisis, their idea is not to equalize the rich and the poor, but to find a way to distribute the money in their pockets to mortals and down-and-out cultivators, so as to attract the poor to work harder for the cultivators. Or hand over personal money to chambers of commerce and sects to resolve financial crises, but try to find a safe haven and store your property in a safe place.

After all, in the eyes of comprehension capitalists, our own money has been saved by generations of hard work, so why should we distribute it to the poor?Open a philanthropic hall for them so that they don't starve to death, wouldn't they be able to earn merits!
Due to the profit-seeking nature of capital, comprehension capitalists will never consider the damage that the financial crisis will cause to the entire society. What they consider is always the safest place to invest their own capital.

Although Zhongzhou has the largest economy in Kyushu, it is not safe for capital.

Lin Jianxing, the current head of the Wuliang Sword Sect, has little understanding of economic principles, and often forcibly intervenes in the market. For example, in order to support the outlying island war, he requisitioned all the official roads around Haiya City to transport military supplies for no reason. This approach seems efficient It was quite high, but it caused serious losses to the normal trade of Sea Cliff City.

Although the Haiya faction finally made a fortune in the outlying island war through various corrupt methods and made up for this part of the loss, Lin Jianxing's behavior of trampling on the rules at will still aroused the high vigilance of the comprehension capital.

The most important thing for capital is the expectation of the future profit of assets, and the future profit expectation of assets needs to be guaranteed by rules. Therefore, what capital is most afraid of seeing is the destruction of the existing rules of the game by those in power.In order to win the outlying island war as soon as possible, Lin Jianxing can temporarily expropriate the official roads of Haiya City built by private capital for no reason. If the financial crisis really breaks out in the future of Zhongzhou, who can guarantee that Lin Jianxing will not resort to extreme means of beating the local tyrants and dividing the land?
So after Li Qingyang's death, Xiuzhen Capital began to vote with their feet to leave Zhongzhou.

In the final analysis, this is not a question of who is right or wrong between Lin Jianxing and Cultivation Capital. The overall operation of the world is rational. From the perspective of either side, everyone acts according to their own interests.

In Lin Jianxing's view, he trampled on the rules of the game to achieve his political goals, and the cultivation capital voted with their feet to protect themselves. Everyone is maximizing their own interests. However, the rules of social operation are often like this. When members are maximizing their own interests, they usually drag the entire society into the abyss.

Really great leaders are excellent legislators, not decision makers who are more wise than demons. They are often able to maximize the unity of personal interests and collective interests through mechanism design, allowing organizations, countries, and civilizations to explode amazingly. Energy, without a system that can coordinate individual interests and collective interests, no matter how wise and powerful the leadership is, it is doomed to fail.

Currently, the most brilliant rule-maker in the Kyushu cultivation world is undoubtedly Tian Daxiao, the current head of the Shenhuo Sect, the overlord of the Fire Cloud State.

Compared with Lin Jianxing's disregard for the rules, Tian Daxiao is very aware of what capital needs most. The economic reforms he promotes are almost all centered on the protection of private property rights, directly addressing the pain points of cultivation capital, and he also tried every means.Create conditions for the return of overseas capital, and even willing to withstand the pressure of all parties, and take the initiative to accept criminals and black money from other major states.

Because Tian Daxiao possessed the aura of "President Lu Yang's registered disciple" and "stock god", he was born to win the trust of capital, and Huoyunzhou quickly became a safe haven for Kyushu cultivation capital.

As a large amount of capital poured into Fire Cloud State, the asset prices of Fire Cloud State began to rise continuously. With the continuous appreciation of the large amount of assets on hand, the resources that Shenhuozong could leverage also increased.As the strength of the Shenhuo Sect continues to grow, Tian Daxiao can use the resources at hand to in turn inject vitality into the Huoyun State's economy and enhance social stability.

Cultivation capital is all profit-seeking, and discovering that the economy of Fire Cloud State is booming, it will in turn attract more capital inflows, causing the asset prices of Fire Cloud State to continue to rise, and this will make the strength of Shenhuo Sect even stronger...

This is Tian Daxiao's conspiracy:
By continuously making the cake bigger, the distribution problem within Huoyun State can be alleviated.

As a student of President Lu, Tian Daxiao's methods are undoubtedly very powerful. From the perspective of system design, it is also a strategic idea to attract capital through the protection of property rights.

However, the problem is that the economic development of the cultivation world has long since stagnated. The bigger cake of Huoyun State is actually the smaller cake of the other eight states. By attracting a large amount of overseas capital to Huoyun State, he has promoted Huoyun The economic prosperity of the state is actually launching an invisible financial war, and at the same time deepening the economic and financial crisis in other major states.

Faced with Tian Daxiao's conspiracy, Lin Jianxing didn't even understand the tricks, let alone seeing them!
It was precisely because he had seen through Tian Daxiao's conspiracy that Yang Lu had sufficient confidence in the infrastructure assets of Huoyun State.

Not only that, as long as the general trend of asset appreciation in Huoyun State gradually takes shape and enters a self-virtuous circle, the dominance of Kyushu's economy will inevitably be gradually transferred from Zhongzhou to Huoyun State. Tian Daxiao of capital, even if he wants to rebuild a Lingshi Reserve Bank, it will not be a problem.

Facing the haze of the looming financial crisis, this is Tian Daxiao's solution!
Although Tian Daxiao's wrist patterns are amazing, in Yang Lu's view, he has not actually solved the most fundamental distribution problem in the cultivation world, but has built a Noah's Ark in Huoyun State, which belongs to the cultivation capital. The method of sucking blood to maintain the economic prosperity of Huoyun State is undoubtedly unsustainable.

As long as the inherent distribution imbalance in the cultivation world is not resolved, there will always be a day when the Kyushu cultivation world will be sucked dry by Huoyunzhou. At that time, whose blood can Huoyunzhou suck to make its own cake bigger?
Of course, this is all a long time later.

As Keynes said--

In the long run, we are all dead.

U.S. imperialism on Earth has harvested global capital for hundreds of years by relying on the institutional advantages of highly protecting private property rights, and it is still as stable as Mount Tai until now.

If Tian Daxiao can really use Huoyun State as a base to build a highland belonging to the cultivation capital, and transform the other eight states into colonies of Huoyun State capital, the duration of this new structure may not be longer than that of Ye Lun and Bo Bo. The monetary system established by the three generations of economic masters of Nanke and Lu Yang is even shorter.

In a sense, this should be the fifth-generation cultivation currency system planned by Tian Daxiao!