The Ring That Defies Chapter 2882 - 2882

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Translator: 5496903

"Alright! Sir, leave this to ,"Jiang Fei said after a mont of silence.

"You have a plan?"The consul was stunned. He and his staff had been worried for days. They did not expect Ralph to agree to it so easily.

"I have a plan,"Jiang Fei said.

"What do you plan to do?"The magistrate asked.

"Two words — work for food!"Jiang Fei said.

"Work for food?"The magistrate was confused.

"Sir, the reason the people can't eat is because they don't have money. It's not because the rchants don't have food, right?"Jiang Fei asked.

"Yes!"The magistrate nodded. Because the financial crisis had only happened for a short period of ti, it was not enough to affect the production of food. Therefore, the grain rchants had food in their hands. Moreover, the crops in the fields were growing well.

However, the problem was that the gamma space was not highly centralized. Although the consul looked like he was dictating, he could not order the grain rchants to confiscate the grain in their hands and distribute it to the hungry people.

If they wanted to provide disaster relief, then the governnt could sell grain from the grain rchants and distribute it to the hungry people. However, the problem was that the governnt did not have money in their hands now, and you always gave the people free grain. This was a bottomless pit, and there was no end to it!

That was why the magistrate and the others were worried. Although the last step was to force the grain rchants to open the grain storehouse to release the food, if that was the case, the wealthy class would definitely unite to boycott the magistrate, when the ti ca, he would not be replaced by the magistrate. Instead, he would be kicked out by the wealthy class. That would not be worth it. This was also the reason why the magistrate was reluctant to take action.

"Since there is no shortage of food, and the people can not eat because they do not have money, then why don't we just let them have the money?"Jiang Fei laughed.

"It's easy to say, but we do not have the money to send them to relieve the disaster!"The magistrate said.

"Why should we give it to them for free? Didn't I just say that we will work for relief!"Jiang Fei laughed.

"What do you an?"The archon seed to have thought of sothing.

"We are not giving them money for free. We are giving them work. You See, after the previous two riots, the entire city has suffered great losses. This Life Extension Center will definitely have to be rebuilt. Many of the houses in the rich areas have also been destroyed. That place will also have to be rebuilt. In addition to the other things that have suffered losses, we have a lot of reconstruction tasks. However, reconstruction requires people. People need to work. Aren't these poor people who can eat the food the best laborers?"Jiang Fei laughed.

"Let them work, and then we'll pay them?"The consul was enlightened.

"That's right!"Jiang Fei said.

"But the problem is, we don't have the money to pay them!"The consul spread his hands. Although they had agreed to fight the war against the sheriff, the consul and his governnt were now in a tight financial situation.

"Isn't it easy if we don't have the money? Let the bank print more paper money, and then we'll have the money, right? "We'll use this money to pay the workers. Then, they'll definitely buy food and eat. Once there's a business activity, we can collect taxes!"! "Then, we'll use the tax money to pay the workers next month's wages. Won't the money be rolling in?"Jiang Fei laughed.

"Interesting!"The archon's eyes lit up. This Ralph's idea could be said to be empty-handed!

The bank would print out more money and distribute it to the working workers. The workers would buy food and supplies, and the shops would pay taxes. After the taxes were collected, the governnt would be able to pay the workers again, although there would still be so losses, the governnt did not suffer any losses. A large amount of infrastructure construction would have been completed. If this were any other ti, the governnt would have spent even more money!

Because the governnt itself has the budget to rebuild the infrastructure, this money has to be spent no matter what. Instead, by using this thod of work-for-relief, it not only saves money, but also let the entire market's financial trade to return to normal, this is simply killing two birds with one stone!

"How did you co up with all these ideas?"asked the consul as he looked at Jiang Fei. He felt that Wu Fu from the slums was too talented. How could he co up with such a genius idea!

"I just had a sudden thought,"Jiang Fei said vaguely. He had learned these things from history textbooks when he was on Earth. He just took them here and used them.

"You are really a genius! Okay! I'll leave this to you!"The magistrate said on the spot.

"Thank you, sir, for Your Trust!"Jiang Fei was very happy. Other than gaining the trust of the magistrate, he was also happy because he had unknowingly dug a big hole for the magistrate.

The law currency was endorsed by the governnt. It did not require any real high-value, high-value items as collateral. Its normal operation depended on the governnt's reputation. If the governnt knew how to play and was willing to play, everything would go smoothly, however, if the governnt did not know how to play, or did not intend to play, the law currency was the best weapon to plunder the people!

As there was no need for sothing like the Moon Spirit Crystal as collateral, it seed that the people who printed the paper currency did not even need to consider the leverage that was several tis the amount of the Moon Spirit Crystal as collateral. Instead, they could simply print the paper currency at will. This caused the governnt to be responsible, this would limit the amount of paper money that could be issued. This would make it conform to the laws of finance and maintain the stability of the currency.

However, if the governnt wanted to plunder the wealth of the people, they could just simply print whatever they wanted. They could just print as many as they wanted. If the governnt ran out of money, they could just start printing money.

The result would be inflation. The currency would depreciate crazily. In the end, the value of the currency would not even be as valuable as the paper that printed the currency. This had happened more than once on Earth. Jiang Fei was well aware of this.

Therefore, Jiang Fei had inadvertently revealed a piece of information to the consul. If there was no money, he could just turn on the printing machine and print so money. However, he did not say that this matter could not be ssed with. If there was no money, he could just print it.., if there was no money, he could print it. In the end, there would be trouble.

This foreshadowing was equivalent to Jiang Fei planting a big bomb in the gamma dinsion. The previous financial crisis was easily averted. That was because the gamma dinsion had a strong governnt backing it. It was endorsed by the governnt, the new currency was quickly recognized.

However, if the governnt overissued the currency and caused a new round of financial crisis, the financial system would not be the only one to collapse. The governnt's credibility would also collapse. If the governnt lost its credibility in the hearts of the common people.., no matter what currency they issued, the common people would not approve!

Therefore, at that ti, the gamma dinsion would be in complete chaos!

Jiang Fei had left this foreshadowing behind just in case. If he could successfully kill the snow beast, Jiang Fei did not mind giving the Archon a warning in advance. He did not want the Archon to issue too many banknotes. However, if Jiang Fei was in trouble.., this foreshadowing would be his way out. Once the Gamma Dinsion was in complete chaos, who would care about him!