Chapter 653 Exchange Rate Weapon
In the early morning of the next day, the businessmen from the Federation came to the market early in the morning, leaned against the deserted stalls, and looked at the angry Qingshan town businessmen with a smile on their faces.
Although the chambers of commerce they belong to are different, they are all inextricably linked with the same name—Steel Gear Chamber of Commerce.
Liu Jin, the salesman of the Steel Gear Chamber of Commerce, although he entered the Chamber of Commerce through his nepotism with the boss Liu Hong, his outstanding management strength was immediately unanimously recognized by the shareholders of the Chamber of Commerce, and he has been entrusted with important tasks by the Chamber of Commerce many times.
At this moment, as one of the masterminds who planned the dumping incident, he was leaning against the door of the grocery store belonging to the Steel Gear Chamber of Commerce, looking at the depressed market with a playful look.
To be honest, although he is sure of winning this trade war, he still feels a little uneasy.
After all, NAC is considered a violent organization. If he can't afford it financially, he can't help but just flip the table. Although doing so will cause great damage to NAC's influence and credibility, the Steel Gear Chamber of Commerce will undoubtedly suffer certain losses.
The boss Liu Hong judged that Jiang Chen would not sacrifice the influence of the entire NAC for the market of Qingshan Town. But to be honest, as one of the masterminds, he was very uncertain.
The unselfish militiamen held the entrance of the market and signaled with their eyes to those local businessmen who wanted to make trouble not to be impulsive.
Although they already knew some inside information, they were also dissatisfied with the actions of these federal businessmen, but as soldiers, they could do nothing about it. Their job is to maintain market order, not financial order.
As the price of nutritional supplements fell, the land price of Jinxihu Farm dropped accordingly, and it has fallen by 30% since three days ago.
The federation used the nutrient mixture hoarded for two years to sell it intensively within a few days. Although they lost close to one million sub-crystals in this business, as long as they quickly sell these appreciated sub-crystals into land, they will gain ten times for lost profits!
There were not many nutritional supplements on the truck behind them. But it doesn't matter, no one will buy that thing now.
The price of B-grade nutritional mixture has dropped to the floor price of 10 subcrystals, and C, D, and E-quality nutritional mixtures below B-grade, which are synthesized from different kinds of flesh and blood, have become existences that no one cares about.
That is the case now. Farmers produce one ton of mutant fruit. The net loss will be 10 sub-crystals, and the processing plant will have a net loss of 1100 sub-crystals for every ton of B-grade nutritional mixture produced.
The nutrient mixture processing plants in Hongcheng have been completely shut down. About 600 workers were laid off.
The drop in the price of nutritional supplements led to a drop in the prices of a series of commodities such as rifles, bullets, protective gear, and medicines.
However, this did not improve the lives of local people. Because they no longer have the ability to buy. The reason for the price drop is simply that there are fewer sub-crystals circulating in Qingshan Town.
These cheap necessities are usually bought by outside merchants, and these necessities are often bought. 80% went to the federation.
Soon Qingshan Town will usher in an economic depression, and the people here will find out. The things in the market are obviously very cheap, but they just can't afford them...
However, these businessmen from the Federation did not laugh for long.
Not long after the market opened, people from the Zhao Group put up a sign in the market.
[B-level nutritional mixture can be exchanged for credit points. 1 credit to buy 10 nutritional potions. 】
The B-grade nutritional mixture is the big one in the food consumption market. Its raw material is mutated fruit, and its output is much more stable than other types. Basically, its price affects the price of other nutritional supplements.
People in Hongcheng are no strangers to credit points. Within the control area of NAC, as long as the signal can be received. They can access their own bank accounts in Sixth Street through EP, interact with other accounts, and complete operations such as payment and collection.
In addition to electronic currency, the bank in the sixth district also issued a certain amount of banknotes for merchants to use in other places. It is precisely because of this that NAC banknotes can also be seen in other areas outside Suzhou and Hangzhou. As long as it is a caravan going east, they will recognize this thing.
At present, the accepted exchange rate between credits and subcrystals is 1:5, and it may be 1:4 or 2:5 in farther places. However, in Hongcheng, the standard exchange rate of 1:5 is still used.
Under normal circumstances, the selling price of a B-grade nutritional mixture is 0.5 sub-crystals, and the current market price is 0.2, which is 0.04 when converted into credits.
But what does the Zhao Group mean?
A nutrient mixture purchased at a price of 0.1 credits? Is this an attempt to forcibly raise the price of the nutrient mixture?
Liu Jin smiled disdainfully.
It was too late to do anything at this time, even if they spared no expense to feed the already dyspepsia market with "stomach medicine", it would not help. Survivors would be willing to sell the nutritional mixture in their hands for 0.1 credit points, but would they be willing to buy it for 0.1 credit points?
And they have achieved the purpose of raising the value of the subcrystal. Not to mention that the survivors here are not used to the currency of credit points. Even if everyone recognizes the value of credit points, the high-value subcrystal is still the strongest currency.
Unless NAC transports sub-crystals here one by one from other places and injects them into the market by force, no matter what they do, it will be futile.
"Liu, Mr. Liu."
"What's the matter?" Liu Jin looked cheerfully at the shop assistant who was approaching.
He is in a good mood now, and soon he will lead the Steel Gear Chamber of Commerce and fire the first shot to monopolize the nutritional mixture market in Hongcheng!
However, just as he was imagining how the chamber of commerce would reward him when he returned to Hezhong City, his clerk tremblingly handed out the newspaper in his hand.
"This is?" Liu Jin frowned slightly, and took the newspaper from the man.
"Newspaper from Sixth Street... our caravan over there, scanned facsimile."
Liu Jin opened the newspaper and scanned the content slowly. However, when he saw Toutiao for the first time, his heart skipped a beat.
[Ten heterogeneous ranches in Wanghai City announced an increase in production at the same time, and the value of subcrystals may experience the largest drop this quarter. 】
[The bank in the sixth block has raised the official exchange ratio between credit points and subcrystals, from the original 1:5 to the current 1:10! 】
At the same time, NAC issued an announcement that due to the overcapacity of Yajing Ranch, the current supply of Yajing in the sixth street is in a state of oversupply. In order to encourage investors to use credit points with stronger purchasing power for settlement, all real estate transfer procedures in the area covered by the NAC signal must use credit points.
If you insist on using sub-crystal for transfer, high value-added tax will be levied on both buyers and sellers...
Seeing this, Liu Jin was sweating profusely as he looked at the Zhao Group's shop where the crowd was gradually gathering.
He even made a direct move on the exchange rate! It's just too shameless!
This is not over yet, this combination of punches played by NAC directly blocked the possibility of them wantonly buying real estate in the hands of bankrupts! Among other things, in the past five days, they used the hoarded nutrient mixture to cash in at a loss and directly smashed it into their hands!
At this time, even if they hold tons of crystals, no one will trade with them. Unless they pay a higher price and use the exchange rate of 1:15 or even 1:20 to sell the sub-crystal in their hands, no one will exchange their credits for them when the sub-crystal is facing a sharp depreciation. Subcrystal in hand.
The Gear Chamber of Commerce has been completely "locked" to the sub-crystal!
It's all over...
Liu Jin sat down on the ground slumped, he felt a little dizzy in his brain. Pushing away the buddy who tried to help him up, he ran back to the store and took out the phone from the drawer.
He now needs to get in touch with the boss in the shortest possible time.
At this moment, Liu Hong, the boss of the Steel Gear Chamber of Commerce, was also slumped on the office chair, staring at the ceiling opposite the office in a daze.
There was a piercing ringtone in his ear, but he didn't want to answer it.
Just half an hour ago, the wealth in the hands of the Steel Gear Chamber of Commerce has shrunk by half, and the shareholders have already exploded his phone.
He has considered various situations, including NAC's large-scale purchase of nutritional mixtures in the hands of civilians at a premium at a premium, and forcibly maintaining and stabilizing prices. NAC has also considered breaking the free trade agreement, imitating the practice of the empire, and imposing high tariffs on foreign businessmen, at the cost of raising the cost of living of the locals, and avoiding a depression in the market.
However, he did not consider that the people of NAC would actually attack the currency itself.
And this knife directly chopped off the arms of the Steel Gear Chamber of Commerce.
Suddenly, people were caught off guard.
After a long silence, Liu Hong silently took out a cigarette from his pocket, held it to his mouth and lit it. He seldom smokes in the office, and although he is the most powerful person in the entire Federation, he has always strictly controlled himself. But now...he needs to relax properly.
Closing his eyes, Liu Hong leaned back on the office chair and began to think about the next countermeasures.
However, to his despair, he racked his brains and couldn't think of any good solution. If NAC is determined to promote the new currency in Hongcheng, no matter how many sub-crystals the Steel Gear Chamber of Commerce controls, it will not be able to withstand the weapon of this exchange rate.
Waiting for the sub-crystal value to return? They can't afford to wait...
Just then, his secretary opened the door and walked in.
Looking at the pretty figure under the suit, Liu Hong felt bored for the first time.
"What's the matter? I said leave me alone."
"Boss..." Secretary Xiaoru swallowed.
"Hurry up." Liu Hong frowned and said impatiently.
"Our third shareholder sold his shares to NAC through the Federal Stock Exchange." Xiao Ru said quickly.
In an instant, Liu Jin's eyes were red, and he stood up immediately, grabbing his secretary's collar.
"What did you say! That bitch Wu Qian sold the stock to NAC?!"
"Yes, yes." Xiao Ru replied trembling all over, breathing hard.
Liu Jin loosened the secretary's collar and sat back on the office chair in a daze.
Xiao Ru was coughing desperately, inadvertently, she glanced at her boss from the corner of her eye.
She was surprised to find out.
The high-spirited business leader seems to have aged ten years in an instant... (To be continued.) To find this site, please search for "" or enter the URL: