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Chapter 1025: Court Countermeasures (3)

The housekeeper of the Li family distributed several authoritative newspapers to Chairman Li Gong and each guest.

After bowing, he withdrew.

After reading the content in the newspaper, Chairman Li Gong sighed: "The imperial court is still quite harsh on us businessmen.

Everyone is preparing to store food for the winter, so the next decisions should be made carefully."

Li Fengcheng said with emotion: "The imperial court treats cotton farmers and silkworm farmers better.

The imperial court issued unified minimum purchase prices for cotton, silkworm cocoons, rapeseed, soybeans and other crops.

This price will allow these farmers to make a small profit.

If the market price of these things is high, farmers will sell them to the market; if the market price is low, they will sell them to government-run collection and storage companies.

No matter how the price changes, these farmers have the support of the court, and they will not suffer too much loss.

The imperial court didn't even lower taxes on textile factories like us.

Now that the situation is so difficult, we are still collecting taxes as usual, and the court is just letting us merchants fend for themselves."

Li Daguo put down the newspaper and said in surprise: "Brother Feng Cheng, when encountering this kind of thing, don't delve into the court's culpability, but think about how much your textile industry has contributed to the court.

The imperial court does not hesitate to use various means to support companies with outstanding performance."

When Li Fengcheng heard this little brother who was one round younger than him, his tone was arrogant.

He was not angry, but continued to read the contents of the newspaper.

Ordinarily there is only one newspaper, but today in order to publish the policy, the newspaper has a special issue.

He had just focused on checking information related to the textile industry and had not had time to look at other information.

He read the policies related to the automobile industry.

Li Fengcheng slammed the table angrily, his face turning purple due to congestion.

"It's so unfair. We are both merchants from the empire, and the court is too partial.

Why is there no benefit to the textile industry?

The automobile industry has also implemented tax cuts, and banks have also provided credit support and reduced loan interest rates.

Why is the automobile industry our biological son, while our textile industry is our stepmother?

The taxes paid by the automobile industry are silver coins, but the taxes paid by the textile industry are not silver coins.

Why does the imperial court treat us differently? Isn't it because we, businessmen, are afraid of being disheartened?"

Li Fengcheng had already ignored the occasion and vented his anger.

It is now everyone's consensus that the crisis is coming.

He worked hard to maintain the company he founded, but felt that the company was on the verge of collapse and might collapse in a crisis.

This matter has made him unable to sleep well recently.

He thought everyone was like him.

Now it is discovered that some people have already boarded the lifeboats built by the imperial court and watched them struggle in the crisis.

President Li Gong slammed the table and shouted: "Li Fengcheng, if you can speak well, then speak well.

If you can't talk properly, I'll ask someone to ask you out.

I have summoned you to discuss matters, not to let you vent your emotions."

President Li Gong got angry, and Li Fengcheng could only sit aside and sulk with a tangled look on his face.

But he doesn't want to leave. It's easy to leave, but it's difficult to join again.

President Li Gong said patiently: "I can understand the imperial court's thoughts.

I relied on Nanyang Sugar to make my fortune. The imperial court also had a minimum purchase price for sugar cane, but it allowed sugar mills to set their own prices.

If the economic crisis really comes, the price of sugar is likely to be cheaper than the price of sugar cane.

The court's practices are analogous to those of the family.

That is a family. If one clan member is particularly promising and has the qualifications to pass the Jinshi examination.

This family will definitely spare no effort to cultivate this clan member.

Only families chosen in this way will be passed down for hundreds of thousands of years and become a prominent local family.

The same is true for the imperial court, which will definitely choose industries that will develop well in the future and provide key support.

Because the investment in the textile industry is simple, each county has its own textile factory.

Technology is improving year by year, but the quality of cloth is getting worse and worse.

The court must have noticed this situation.

The imperial court ignored the textile industry and similar industries.

That is to reshuffle these industries, a large number of companies will go bankrupt, and only the remaining good companies will be truly good."

After President Li Gong said this, he saw many businessmen thinking deeply.

He continued: "There is no need to be depressed. If you are confident about the future, try not to borrow money and use sufficient funds in your hands to help your company survive the crisis.

Everyone can predict how destructive this crisis will be.

The economic crisis will destroy a large number of companies. If our company can really survive, it can quickly seize the market and make huge profits.

The investment you make now is just a drop in the bucket for your future earnings.

If you don’t have confidence in your own industry.

Then take action as soon as possible to withdraw funds.

The timid ones just wait and see, while the bold ones invest their money in industries supported by the court.

As long as you bet correctly and win the next Pentium power machine or Leap Electronics, you can at least guarantee your family's prosperity and wealth for several generations."

President Li Gong’s words suddenly enlightened many people. They knew what they should do next.

Du Baonian, vice president of the Shanxi Chamber of Commerce and chairman of the board of directors of Xingsheng Company, put down the newspaper.

He looked at the crowd and asked: "Have you noticed that many of the policies issued by the imperial court are mainly to prevent risks.

Whether it is increasing the scale of relief grain distribution, relaxing the threshold for relief grain applications, or setting the minimum purchase price for agricultural products.

This is all to ensure that farmers at the bottom have food to eat.

The imperial court is also planning for the next five years.

Construction of the Hamo Railway from Harbin Prefecture in Heilongjiang Province to Moshi Prefecture in Gufeng Province.

Nanwei Railway from Nanning Prefecture, Guangxi Province to Weiqing Prefecture, Obsidian Province.

Southeast Peninsula Ring-sea Railway.

These three huge railways will drive industries worth tens of millions of taels and provide hundreds of thousands of jobs.

Especially for the Hamo Railway, most of its foundations are in the permafrost zone, making construction extremely difficult and requiring huge investments.

In addition to these three large-scale railways.

The imperial court also planned numerous highway and water conservancy projects.

Especially several giant hydropower stations, the industries they drive and the jobs they provide are no less than the railway industry."

Li Da was surprised and said: "This should be a method often used by the imperial court to provide relief through work.

Anyone who can take advantage of the cash-for-work program will not be afraid of the economic crisis and will live well in the future."

Li Daguo is very relaxed now. The court not only supports the automobile industry in terms of credit and taxation.

The imperial court spent massive amounts of money to build roads across the country.

Railways are beneficial to companies involved in steel companies, locomotive companies and other related industries.

Building more miles of roads will definitely be a major benefit to the automobile industry.

The more standardized roads there are, the better the sales of cars will be.

The day the empire builds asphalt roads even in small towns, that will be when the automobile industry will be at its peak.

Li Fengcheng saw that everyone was a little happy, but when he was unhappy, he poured cold water on them.

“Don’t be under any illusion, most of the projects carried out by the imperial court are handed over to government-run companies.

Unless our company has business dealings with these government-owned companies.

Otherwise, only government-owned companies can eat meat, and we won’t even be able to drink a sip of soup.”

As soon as Li Fengcheng said these words, most of the smiles on everyone's faces disappeared.

Many people stared in his direction, but did not complain.

What Li Fengcheng said is completely true.

This is why they believe that the government is doing this to ensure that certain industries do not collapse, not to save them from being stuck in the quagmire.

Chairman Li Gong coughed lightly and said, "Don't be too optimistic, there will be big changes in the banking industry.

Let’s take a look at the relevant policy changes.

Any small changes in the banking industry will have a profound impact on industry and commerce."

Everyone present heard that President Li Gong's tone was not good, and they all turned to the changes made by the imperial court to the banking industry.

As soon as Li Fengcheng read the beginning, he couldn't help but said: "No wonder our textile factory can't get a loan of silver coins in the near future.

The imperial court stipulates that commercial banks must turn over reserve funds, which will be used to compensate depositors with a value of less than five hundred taels of silver coins if there is a problem with the commercial bank."

He drank a cup of tea and said with a hint of dissatisfaction: "How come we, the big customers, have become stepmothers again?

Those poor people have the imperial court to protect them, so we businessmen have no choice but to admit our losses."

When Li Fengcheng said these words, he was still full of resentment.

Du Baonian raised his eyes and glanced at Li Fengcheng, reminding him: "Now we are still worried about this little money, what do five hundred taels of silver coins mean to us?

He counts all his wealth to the poor, and will fall into despair once he loses it.

But our meal cost him more than five hundred taels of silver.

If the bank goes bankrupt and really pays you five hundred taels of silver coins, will you be satisfied?

In addition to letting commercial banks protect the poor, the imperial court also

He also introduced many regulations for commercial banks to review loans, especially regulations for commercial bank bankruptcy."

When Li Da heard this, he put down the newspaper. He was surprised at first, and then felt pity.

“I thought that after a commercial bank went bankrupt, the loans owed to the bank would no longer have to be repaid.

Who knows that the loans that the bank cannot recover will be bought by other banks and they will continue to pursue the loan repayments.

If the bank goes bankrupt, as long as you owe the loan, you must continue to repay it."

Du Baonian put down the newspaper and continued: "The imperial court has issued policies on commercial banks.

This is to make it clear to all businessmen that commercial banks cannot continue to operate and will go bankrupt in accordance with relevant procedures.

The imperial court gave low wages to poor people with assets less than five hundred taels of silver coins. As for the rich, it was up to them to seek their own blessings.

Some commercial banks are in danger because of triangular debt.

The imperial court's policy was to destroy the last bit of confidence of depositors.

The imperial court made it clear that it would not protect commercial banks, and they would definitely take money out of risky banks.

I predict here that there will definitely be a run crisis on some commercial banks.

In addition to the Imperial Bank, which controls currency issuance.

If there is a run crisis on any other bank, they will not be able to survive it.

If everyone later encounters a run crisis on the bank where they deposit their money.

You must withdraw the money as soon as possible, otherwise your money may be wasted."

Chairman Lee Gong lamented: “If a bank goes bankrupt, it will cause an extremely serious chain reaction.

A large number of companies that could have continued to persist for a period of time have had their capital flow completely cut off and cannot survive at all.

In this way, the economic crisis will really break out, and no means can stop it.

The bankruptcy of a large bank is a signal of the beginning of an economic crisis.

From what I understand, it is inevitable that some large banks will have trouble.

Everyone should make preparations early and hope that everyone can survive this economic winter."

Li Gong and Du Baonian are two well-informed businessmen.

They did not name names, but they all pointed out that some large commercial banks will definitely have problems.

Everyone present is not stupid, of course they can hear the implication.

These two gentlemen must have conclusive evidence, but since the incident has not happened, it is difficult to tell them in advance.

Through this conversation, they knew that the economic crisis was bound to happen and that the cold winter would come soon.

This is news worth a thousand dollars.

If they can know in advance, they will have many ways to avoid risks.

After the businessmen who attended the banquet left, their first priority was definitely to withdraw money from other commercial banks and deposit it into the Imperial Royal Bank.

Imperial Bank has the lowest interest rates on deposits, and the review and control of deposits is also extremely strict.

But Imperial Bank has one feature that no other bank can match: security.

The Imperial Bank serves as the institution that issues currency.

Which bank is short of money or suffers a run and bankruptcy?

The Imperial Bank is guaranteed by the Empire and will not go bankrupt as long as the Empire exists.

The imperial court announced policies to be implemented.

This caught many people off guard, and also allowed many smart people to sense the court's attitude.

Smart people take action as soon as they get the newspaper.

The already sluggish stock market, after the market opened, except for a few industries that were mainly supported by the empire, their stock prices remained strong.

The stock prices of other companies plummeted, falling directly below the bottom price.

In a stock market with only more than 500 listed companies, 126 listed companies have appeared, and the stock price is a penny.

This is the lowest price for a share of a listed company.

If the stock price falls below ten cents for three consecutive months, the company will be delisted.

The businessmen learned about the court's lackluster attitude, and they were now extremely panicked.

They want to get as much money back as possible and sell stocks that may be valuable now.

Once the company goes bankrupt, the shares held will become worthless.

The bond market was affected by the stock market and plummeted after the market opened.

National debt remains strong, and project bonds issued by the cabinet fell slightly.

The biggest decline was in corporate bonds. Corporate bonds have been defined as junk bonds and no one dared to take over them.

Once you take over a corporate bond, its issuing company goes bankrupt.

The bonds in your hands will become worthless.

Fluctuations in the financial market are just the consequences of policies issued by the imperial court.

Ordinary citizens have no idea what an economic crisis is, so rumors appear among the crowd.

Many people believe that an economic crisis will lead to product shortages.

Living in the war period in the late Ming Dynasty, he lived a precarious life.

Their generation is the current backbone of the empire.

They activate fear memories in their minds due to the influence of various information.

These people immediately waved the silver coins in their hands and rushed to buy daily necessities.

Because of this unexpected situation, the economy did not continue to slump, but instead gained some brilliance.

This chapter has been completed!
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