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Chapter 820: Chapter 712: Treasure Hunt Plan (Subscribe Please!)
Subsequently.
Under the command of Tang Qing.
The fighters controlling various gold and silver mining fields immediately started bustling.
The already mining areas sped up their operations, and reserves of gold and silver deposits also switched to intense mining mode. Indeed, during this period, the fighters’ inventory was substantial.
They controlled forty-nine silver mines in total, with varying reserves—differing by more than tenfold, from high to low. Many were poorly yielding, but the purpose of this mining was not to make money; it was to obtain real gold and silver.
Therefore, as long as it didn’t incur losses, even if it was a slight loss, it was still worth pursuing.
However, there were considerably fewer gold mines, only seventeen. Among them, the output of the one in Algeria could exceed the total of the other sixteen combined by a little more.
There was no other way.
The gold mine in Algeria was excessively rich.
It had completely exceeded the industry’s definitions of rich and very rich mines.
Such gold content could only be found during the colonial period in Africa and, of course, it does not exclude the possibility that someone like Tang Qing had discovered it but did not publicize it, instead quietly making a fortune.
The deeper the gold mine in Algeria was mined, the higher the gold content became. Tang Qing counted on this to make a fortune and continuously provide collateral for the future issuance of the Asia Dollar.
Now, people in the Myanmar Economic Zone generally no longer held Myanmar Kyat because its depreciation was rather severe, depreciating daily. Although the rate was not high, the expectation of depreciation was a fact.
This economic stimulus policy meant the devaluation of the Myanmar Kyat must last for over a year, maybe even longer.
According to the current rate of depreciation.
In one year.
It was uncertain whether Myanmar Kyat would even be half of its current value.
After all, this was due to the increased liquidity of trillions of RMB in the market. Myanmar’s domestic commodity market was already small, and the total currency issuance of Myanmar Kyat was also low. As one increased and the other decreased, the impact was significant.
Therefore.
Many people in Myanmar had a need to exchange Myanmar Kyat for Asia Dollars. Keeping it in the bank was definitely a loss, but Asia Dollars were still not allowed to carry out banking operations in other parts of Myanmar, and they lacked enough channels to exchange it for US dollars and other foreign currencies.
Therefore, Asia Dollar became the preferred choice and an asset haven for many Myanmar citizens.
This resulted in a significant increase in the demand for Asia Dollar bills.
Lang Cai actually noticed this situation as well.
But there was nothing he could do.
Because the devaluation of Myanmar Kyat was a fact and irreversible, others choosing Asia Dollar was understandable. After all, Myanmar Kyat was still the primary legal currency in Myanmar, and currently, Asia Dollar could not circulate outside the Myanmar Economic Zone.
If you’ve exchanged it, then so be it.
Everyone was busy with this extravagant feast.
No interest in managing such behavior.
In this way.
Asia Dollar bills unexpectedly became a value-preserving currency in Myanmar, slowly infiltrating the local population. Although it was still just personal savings and had not entered the commodity transaction market, once the quantity was substantial, the Myanmar Kyat would discover.
Asia Dollar, like ants gnawing on bones, was undiscardable until... eaten by the ants.
Of course.
The devouring of Myanmar Kyat by Asia Dollar could not rely solely on this ant-stealing-rice method.
That would be a joke.
This was merely a strategy to embed the reliability and stability of Asia Dollar in people’s minds.
This time’s loan.
The devaluation of Myanmar Kyat in the next six months would be between twenty-five and thirty percent, and then the market would begin to stabilize because investments were already set in place, and the Myanmar Central Bank had no reason to print more money.
At that time, Myanmar would definitely try to stabilize the value of the Myanmar Kyat.
However, within this six-month period.
The value of the Asia Dollar was strong.
Myanmar Kyat devalued significantly.
This would make the general public question the Myanmar Kyat, as confidence is the most important aspect of currency. Once confidence is lost, the currency is just paper. In other words, this half-year was a self-devaluation of Myanmar Kyat and also a time when the public’s need for value preservation in Myanmar Kyat skyrocketed.
If there were no Asia Dollar.
The Myanmar Kyat could depreciate freely; it wouldn’t matter, as the public had no other choice but to use it, willingly or not.
Just like RMB.
People didn’t have other currencies to use and found it difficult to exchange for US dollars to preserve value, only able to invest in fixed assets and other channels for value preservation.
But once there was an alternative with stable value, it seemed like a better choice to convert those small savings, which couldn’t even buy a single apartment, into Asia Dollars compared to large assets like fixed property.
Lang Cai and others also saw this situation.
Asia Dollar was encroaching on the Myanmar Kyat’s domestic territory.
But they didn’t enact any policies to prevent it.
Hehe.
Lang Cai even quite enjoyed seeing this situation. Why? Because in their view, the more Asia Dollars people exchanged, the greater the loss for Myanmar Bank.
For example.
If.
Previously, ten thousand Myanmar Kyat could be exchanged for one hundred Asia Dollars.
Now, it takes twelve thousand Myanmar Kyat to exchange for one hundred Asia Dollars.
The additional two thousand Myanmar Kyat represent the loss for the Myanmar Bank.
Consider this, when someone brings you ten thousand Myanmar Kyat to exchange for Asia Dollars, but later demands twelve thousand Myanmar Kyat in return for one hundred Asia Dollars, if this isn’t a loss for the Bank, what is?
Unless the Myanmar Bank has a way to offset this inflation effect.
For example, at the moment of the exchange, they could attempt to swap it with the Central Bank for foreign currency. Unfortunately, this is impossible, as the Central Bank would never use its foreign exchange reserves to aid the Myanmar Bank, thus the Myanmar Bank must make investments to recover these two thousand Myanmar Kyat.
To put it plainly.
Myanmar Bank has to pay ’maintaining interest’ for each depreciating Kyat. What spirit is this? It is purely a spirit of dedication, and Lang Cai and his group wouldn’t vehemently oppose it, not to mention actively support it, but they wouldn’t stop it either.
After all, once the currency value stabilizes.
Myanmar totally could introduce a currency contraction policy to stabilize the value, reduce the devaluation expectation of the Kyat, and restore public confidence. Then, when the public goes to the Myanmar Bank to request the exchange of their Asia Dollars back to Kyat, it would be the time when Myanmar Bank experiences losses.
After calculating this, Myanmar Bank definitely loses.
It means.
As long as the public holds Asia Dollars that haven’t been exchanged at Myanmar Bank yet, there’s no visible loss for the bank, but once an exchange occurs, the loss is inevitable. Lang Cai even realized that this is also a way to strike against the Asia Dollar.
You think you can make a lot of money, huh?
With just this transaction alone, Lang Cai feels it would devour all the profit Asia Dollar has made recently in Myanmar. The more it’s exchanged now, the more losses there will be later. Why should Lang Cai prevent others from engaging in a losing deal?
Actually, Lang Cai’s thought is correct.
This kind of exchange.
It represents a losing deal for the Myanmar Bank.
The loss starts the moment of the exchange and continues. However, Tang Qing can afford the loss, as the profits from the industries under the Myanmar Bank Group can cover these losses, and Tang Qing is quite pleased to see them.
For any country.
To maintain the exchange rate of its own currency.
It must spend heavily to fix the pit, which is an iron law.
Just like when Soros attacked the currency systems of various Asian countries, these countries nearly exhausted their U.S. dollar reserves trying to maintain their currency values, and ultimately, their coffers were blown up by Soros and other international capitals.
Tang Qing also uses this method.
To maintain the value of my currency.
How does it matter if I incur huge losses?
As long as I can afford the losses.
Ultimately if it achieves the goal, it must be done at any cost. Even if it means losing all the profits of the Myanmar Bank Group, in the future, I can earn back several times more.
The fruits of victory.
Will inevitably belong to the Asia Dollar.
The battle of currencies has just begun.
...
Command Room.
Tang Qing was contentedly calculating in his mind.
If all the gold and silver mines were to start destructive Mining, how much could their monthly output reach? The results excited Tang Qing because combined, the gold and silver mines could stably provide nearly five billion Asia Dollars in issuance each month.
This output is not surprising.
Keep in mind, earlier calculations of output included not only the mined ore but also the substantial capacity for ore processing to obtain finished gold and silver products, which ultimately determined the output.
Now, using Teleportation Nodes.
And starting destructive Mining.
It means breaking free from local smelting limits, multiplying output isn’t something strange at all, and if the number of mining fields increases subsequently, this figure would continue to expand.
However, Tang Qing was still not satisfied with this rate of growth.
"Tang Yi, initiate the treasure hunt plan, try to avoid killing as much as possible," Tang Qing ordered.
Long before, Tang Qing had ordered his fighters to start collecting news about big treasures from various countries, executed specifically by ’Tongtian’, and they already had many clues about the distribution of numerous treasures worldwide.
But these were all just clues, not absolute certainties about locations.
Now.
The Command Room had many clues.
But didn’t dig deep.
For instance, the fighters know that a certain individual might know critical clues, but they didn’t kidnap and interrogate them at the time, merely collecting relevant information to complete the clue chain.
Not just on land; sunken ships in the sea are also targets.
Once needed.
Like now.
The fighters would employ all kinds of methods to dig deep into all these ’clues’, not just investigate.
Plainly speaking.
The fighters are about to do ’bad’ things again.
