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Chapter 819: Chapter 711 Destructive Mining (Subscribe, please!)_2
Tang Qing gently clapped his hands.
"That’s good, just maintain this level tomorrow, and don’t be nervous. I’ll be by your side," Tang Qing comforted the beauty in his arms like he would a child, his nose playfully sniffing. He never grew tired of the scent of Lin Jiaxue’s body.
"Mmm," she responded with a smile.
Tang Qing then said, "By the way, my mom and the others found out about my company earlier, and I’ve already come clean. The next time you and your mom talk on the phone, just tell her your location."
Lin Jiaxue nodded and asked, "How did Aunt find out?"
"No, it was my dad who saw it on the news and then got in touch with my second uncle, who used the Sky Eye video conferencing system to contact me, I bet they’re still unable to sleep right now, haha, they must be astonished by my assets," Tang Qing said with a laugh.
"Indeed, I guess your property will soon surpass that of Uncle Tang," Lin Jiaxue said seriously, nodding her head.
Upon hearing this, Tang Qing kissed Lin Jiaxue’s left cheek with a smack, and chuckled, "My lady, that’s old news. Your husband’s assets have already surpassed Uncle Tang’s."
"Ah?... How much money is that?" Lin Jiaxue asked in surprise, having never inquired about such matters or taken interest before. But she couldn’t fathom a sum exceeding Tang Kai’s.
Tang Qing had no choice but to once again explain his assets in detail.
He was not a man to show off. 𝒏𝙤𝒗𝙥𝒖𝒃.𝙘𝙤𝒎
Talking to his beloved, he merely wanted her to share in the surprise and the confidence, letting Lin Jiaxue know just how outstanding her man was, so that in any company she would never feel inferior.
When Lin Jiaxue heard that Tang Qing’s assets exceeded ten billion RMB.
She didn’t know what to say, her eyes wide as she tried to comprehend what ten billion RMB meant, thinking of her family’s previous earnings of around thirty to fifty thousand RMB per year.
To earn ten billion.
It would need... at least two hundred thousand years?
Could that number be wrong?
Lin Jiaxue’s mind crashed.
"Jiaxue, isn’t your man excellent?" Tang Qing’s hand crept upwards gently.
"Mmm," she replied foolishly.
"Aren’t you very happy?" Tang Qing asked again.
"Mmm."
"Then shouldn’t we do something to celebrate?" Tang Qing said with a mischievous smile.
"I... ah..."
With that, Tang Qing swept Lin Jiaxue up in a princess carry and headed towards the bedroom. Lin Jiaxue’s eyes, watery like pools, watched Tang Qing, perhaps stimulated, she was particularly passionate that day.
Eventually, she fell into a deep sleep, completely motionless.
...
Tang Qing, on the other hand, was still full of energy.
He took a shower.
Got dressed in his pajamas.
And made his way to the Command Room.
In the past while, Tang Qing had ’wasted away’ for some time, and thus he rebooted his training regimen, restarting his physical and Nerve Telekinesis cultivation. Since fate had given him this opportunity, waiting to die every day was too boring.
Most importantly, excess energy needed venting, training was a good method, indeed, the only method.
But he had come tonight for another reason as well.
In the conversation with Father Tang and Mother Tang earlier, they kept reminding Tang Qing not to show off or flaunt in case the gold mine got reclaimed by the Government of Algeria or attracted others’ covetous glances.
Tang Qing, of course, was not afraid.
Yet, he suddenly felt the need to accelerate the mining of that gold mine.
Because Task (One) was about to be completed soon; during this time, the enterprises in the Myanmar Economic Zone were brimming with vitality, especially with Myanmar’s Economic stimulus policy, making the orders for businesses within the territory fully booked.
The trade activities from both sides were frequent.
This directly fueled the demand for Asia Dollars.
Moreover, after over a month of economic stimulus and the establishment of major projects nationwide in Myanmar, batches of funds were allocated, resulting in an abundance of money in the market.
It’s essential to understand.
RMB could not flow directly into it, it was just a number that existed within the central bank accounts in Huaxia, paid out to some domestic companies when needed, as final settlement for projects.
On the Myanmar side, however, it was necessary to start a crazy bout of printing money to pay domestic companies and the public for payments and wages.
As money increased.
The number of goods did not grow as fast.
Inflation was inevitable.
This also led to the exchange rate between the Asia Dollar and the Myanmar Kyat accelerating its breakaway.
It should be noted that the exchange rate between the Asia Dollar and the Myanmar Kyat was floating. Thanks to Ling’s efforts, the primary pricing of the exchange rate was carried out by Myanmar Bank, whose say in the matter even outweighed that of the Myanmar Central Bank.
Because the Myanmar Central Bank did not play a very glorious role in the initial phase.
From the perspective of Myanmar, they would never hope for the Myanmar Kyat to devalue too quickly against the Asia Dollar, yet this economic stimulus policy, with its massive injection of funds, caused the devaluation to be uncontrollable.
Don’t be fooled by the fact that this was only a sprinkling of more than a hundred billion RMB worth of Myanmar Kyat.
But such a base currency injection has a multiplier effect. Deposits turned into loans, and after more than a dozen rounds, due to a lower required reserve ratio in Myanmar, against the more than a hundred billion RMB worth of Myanmar Kyat poured in.
It amounted to nearly a trillion RMB worth of currency circulating in Myanmar’s domestic market, made even more alarming by the invasion of Asia Dollars, combined with the Myanmar Central Bank’s "easy over-issue" of money.
This led to the Myanmar Kyat’s exchange rate taking a nosedive against the Asia Dollar.
The Myanmar Central Bank began setting the exchange rate for the Asia Dollar once every three days, also greatly beautifying the value of the Myanmar Kyat, and even "beautified" the data of currency issuance, rushing into fabrication.
However, who could be fooled by such antics? Once the data was laid out, the Myanmar Central Bank had nothing to say.
Seeing the inaction and inefficiency of the Myanmar Central Bank.
Ling slammed the table at the meeting, and finally, Lang Cai agreed to hand over the main right to set the exchange rate for the Myanmar Kyat against the Asia Dollar to Myanmar Bank, changing the timing from once every three days to once every half-day.
This method could be described as "severely out of touch with the mainstream world," quite "primitive," and a "major innovation."
But it won in terms of safety.
In such circumstances.
The people of Myanmar suddenly realized.
Holy moly.
Damn.
What the hell happened to my deposits, they shrank?
Noticing the Asia Dollar’s firm value and the Myanmar Kyat’s seemingly irreversible depreciation, many people began to exchange their Myanmar Kyats for Asia Dollars, and this trend spread rapidly.
This led to an acceleration in the issuance scale of the Asia Dollar, as many people exchanging for Asia Dollars were saving them and not putting them into circulation.
As a result.
The supply of Asia Dollars slowly became tight.
And the issuance of the Asia Dollar couldn’t possibly, like credit currency, be created directly by tapping numbers; other methods to increase the issuance amount had poor effects, and territorial expansion was no longer possible.
Therefore.
Tang Qing shifted his main focus to collateral like gold. He was eager to see what the next phase’s achievement task was, so Tang Qing prepared to initiate "destructive mining" mode on the gold mine.
"Tang Yi, accelerate the mining of that rich gold deposit in Algeria, and, within the Mining Alliance, undertake destructive mining on all gold and silver mines we control.
For ore that exceeds the nearest factory’s smelting limit, transport it back to the number seven Metal Smelting Center in the Myanmar Economic Zone through the teleportation node. Send all smelted gold and silver to the Currency Clearing Center," commanded Tang Qing.
Destructive mining.
For Tang Qing, it was merely a term.
It wasn’t truly destructive mining, which by definition is due to improper mining methods that cause tremendous waste in the recovery and utilization of natural resources.
Like a ton of gold ore that could normally be refined into a hundred grams of gold, but due to improper methods and incomplete technology, only fifty grams of gold could be refined, and the remaining slag’s recovery rate only allowed for thirty grams to be reprocessed.
That was waste.
What Tang Qing meant by destructive mining was, if previously mining was done with mechanical engineering in a normal process, now it involved a large use of explosives and heavy machinery designed by scientists.
Mining in the past.
Required detecting the mineral content, calculating costs and mining difficulties, but now it was a matter of digging wherever told, choosing the ore after it was hauled back, regardless of the metal content, it was sorted after the fact.
This could only be done with precious metal mines.
Tang Qing dared not do this with ordinary iron or copper mines, after all, costs were a concern.
