1480 Adults often collapse only in a moment
It was getting slightly brighter, and Lynch had already gotten up and started running.
A good self-discipline in daily life and health management are the basis for living longer.
Although the world is full of accidents, and no one knows whether they can survive the next accident, as long as they are alive, they must be responsible for their present and future.
He changed his clothes and started running and exercising.
Lemar has a very bad situation, but it can also be said to be a very good situation, that is, the communication between Lemar and the international community is of a transit nature.
To put it simply, with things like telephones, if you want to call someone, you first need to know their number, and then shake the handle——
That was in the past. Nowadays, telephones basically have to be connected to wires, so there is no need to shake a micro-generator to power the phone.
Electric telephones will soon be able to communicate with the person on the other end of the line in a scientifically explainable way.
One thing to note here is that the other party must be at the other end of the line.
In other words, if the other party does not have direct line contact with you, then it is impossible for you to talk!
This has also resulted in each country charging very high telephone service fees for external calls.
For example, in the Commonwealth, a call to Gaevra costs about one dollar and twenty cents per hour.
If you make a call to Nagalir, it will cost about 1.85 cents.
Due to distance, difficulty of connection, etc., the cost of international calls is actually very high.
But here, there is no method of calculating telephone charges in the Republic of Lemar, and the telephone network here is not connected to the outside world.
Laying a deep-sea cable from the middle and north of the Eastern Ocean to the nearby land that may cause problems at some point. This problem is no longer a matter of investment cost, but a technical problem that cannot be solved!
At present, telephone lines in mainstream countries are laid on the seabed, and they basically follow one principle, which is to go through shallow seas as much as possible.
No one knows the conditions in the deep sea, and if a malfunction occurs, it cannot be repaired.
No matter whether you go east or west from the Republic of Lemar, there is no close independence. Once you leave the archipelago, you are in the deep sea.
There is no foundation for laying deep-sea cables now, so if Lemar wants to contact the outside world, apart from the relatively primitive method of writing letters, the only remaining method is telegraphy.
The occlusion of information allows people to do many things by taking advantage of this information gap.
At six o'clock, the telegraph office had not yet opened for work, and Lynch had already run for half an hour and returned to the hotel.
Hot water sprays out from the shower head and pours on the body, quickly taking away fatigue and sweat.
The weather has warmed up, and half an hour of exercise has brought about a lot of physical exertion, and naturally also produced a lot of sweat.
At 6:15, he started browsing some notes and manuscripts, took a short break at 6:50, and started working at 7:00.
Many times the federal society has been promoting a kind of "self-discipline", and always uses successful people as cases, such as Ms. Tracey, a strong woman who gets up to work at 4:30, and those who get up after 5:00.
Big capitalist.
In Lynch's view, self-discipline is actually a challenge to oneself from a certain perspective!
There is nothing wrong with self-discipline, but it can make you more aware of where your limits are.
If you want to make a breakthrough in your life, the best way is to break through your own limits first.
Be a self-disciplined person!
At ten past eight, he sat in the restaurant. The hotel had already prepared breakfast and sent it over. Along with the breakfast, there was also a latest newspaper.
Due to the special geographical environment of the Republic of Lemar, there is only one famous newspaper here that can cover the entire archipelago, and that is the "Journal of the Republic". It is said that the founder was the first president.
Usually there is no big news happening here. Most of them are that new projects have been started, or certain infrastructure has been started, or certain business fields have been developed.
It's the biggest-selling newspaper in Lemar, but it doesn't really have any serious news, and there's not that much serious news here.
But today, it uses a very serious layout, without any color, and the headline on the front page is "The Invisible Future"
I’m talking about the big news that happened in the world last night. The Republic of Lemar continued to be lowered in the assessment of the World Development Council, and the Federal Financial Management Committee issued a danger warning to Yares.
In just a few hours, everything changed!
One federal Sol can already be exchanged for more than 200 Ares, and the gap is likely to continue to widen.
If the government of the Republic of Lemar cannot give a reliable response today to restore investor confidence, then its exchange rate will only continue to fall!
Although it seems that it has not been included in the international currency settlement, when a country's currency collapses, it will not just stop trading!
The newspaper used a long paragraph to tell everyone what the Lemar people would face if this happened, as well as some of the current situations.
Lynch's expression didn't change much from beginning to end, which is not a particularly remarkable thing for him.
From the moment Lemar National Bank tightened funding by raising interest rates, they themselves embarked on a countdown to destruction.
And they did not disclose the additional currency issuance to the outside world, which destroyed Lemar's face value.
Assume that one hundred dollars of Ares can be exchanged for one gram of gold. Now the bank has one hundred grams of gold and issues ten thousand dollars of currency at the same time.
Even if the outside world's assessment of Lemar is very poor, or the financial order is on the verge of collapse, Jarez is valuable!
Because no matter what, one hundred dollars of Ares can be exchanged for one gram of gold, which guarantees its most basic value!
However, the unannounced additional issuance ruined all this. In the past, when there were only 10,000 yuan, one hundred yuan could be exchanged for one gram of gold.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Now... assuming you have 20,000 yuan, then 200 yuan can be exchanged for one gram of gold.
But the problem is that the Lemar Republic officials have no documents to explain how much they have issued, and now it becomes meaningless for them to explain this to the society.
Because people have lost trust in them and will not easily believe what they say. How disappointed people are with the government of the Republic of Lemar. How much evil is hidden in human nature, how low Ares will fall!
At the same time, the island-wide bank run began to escalate, because the value of Ares as a currency has collapsed, and the value of this currency in social circulation has become lower and lower, and it no longer has widespread circulation!
Import trade does not use Ares as settlement, so as import merchants, they will not mark the price of goods as "Ares" units. This will obviously cause a big loss. They will only use some international currencies as sales.
unit to ensure that they do not lose money.
The situation where Yarez, as a legal currency, cannot buy anything has really begun to appear. Everyone knows that it is money, but no one is sure how much purchasing power it can represent!
Is it half of what it was before?
Or is it only one percent of what it was before?
No one knows!
Some speculators and small businessmen began to "take risks" and agreed that the islanders would use Ares for settlement, but the price was more than ten times the previous price.
In the past, a pound of eggs only cost about 150 yuan, but now if you want to buy a pound of eggs from those people, you may have to pay 1,500 yuan, 2,000 yuan, or even more!
Materials were already scarce, and the crazy money-making of these speculators catalyzed the explosion of internal and external factors, detonating all links.
Even if the national bank's savings interest rate is ridiculously high, no one will be willing to keep their money in the bank at this time, but will take it out and use it to buy various things they can afford.
From a bag of wheat flour, a toothbrush, to a TV...
People started buying up everything they could see!
At 8:35 in the morning, the government of the Republic of Lemar issued a statement to the islands and the world. In the statement, their unannounced additional issuance was only 5% of the total issuance.
In fact, this number is a lot exaggerated. In fact, they printed less than one percent of the total circulation.
But considering the current public sentiment, no one would believe you when you said 1%, so the bank gave a figure of 5%.
But people still don’t believe it!
Once something like trust is lost, it's difficult to get it back.
Fortunately, some people still trust Lemar's government, but believing what it says will not help the bank run.
Prices are still collapsing, people's money is still becoming less valuable, and banks really can't withdraw money...
Everything, at this moment, completely exploded!
First on some remote islands, angry people began smashing stores and grabbing any goods inside.
At first it was just a food store, then it spread to clothing stores, then jewelry stores...
All the shops were looted, and finally they targeted banks.
This kind of turmoil of smashing and smashing is quickly spreading to the whole island, because the money cannot be withdrawn, because the money has become waste paper, because of all the past...
When all emotions burst out in an instant, they all have one target, and that is the president and the ruling party!
"If the president hadn't offended the federal people, these things wouldn't have happened!"
There is only this dialogue in people's minds, yes, if the president had not offended the federal people, the foreign capital would not have evacuated urgently.
The economic, social and financial framework that is still developing and unstable, supported by these foreign capitals, will not be destroyed at once.
If these currencies were not quietly issued...
Everything is because of the President!
It's all because of him that Lemar became like this!
Chapter completed!