The reason why these financial giants on Jinniu Street are so powerful is because they hold the power to mint the world’s coins.

What is currency?

Gold and silver are the most natural currencies.

Therefore, the earliest currencies were gold, silver, and copper coins. These metals themselves had a certain value, and it was indeed perfect to use them as currency.

In the history of Xia Kingdom, the most common currency was copper coins, sometimes cast iron coins were also used, and silk cloth could serve as currency to a certain extent.

Because gold is too rare in quantity and too valuable, it is not often used in daily trade.

It was not until the advent of the Age of Discovery that a large number of foreign merchants came to the Xia Kingdom to buy silk, tea, porcelain and other luxury goods, and brought in a large amount of silver, and the Xia Kingdom’s currency became silver.

Today’s costume dramas and various novels like to describe ancient society as how much silver was used for transactions, and by default silver was the official currency of ancient times. In fact, there are some mistakes.

After Zhang Juzheng’s reforms in the Ming Dynasty required that taxes be paid in silver, silver became the official currency of the Xia Kingdom.

However, the output of silver was not in the Xia Kingdom. In other words, although silver became the official currency of the Xia Kingdom, the Xia Kingdom did not have the right to mint silver, which eventually led to a series of crises and the collapse of the Ming Dynasty.

When silver is the official currency, the forces that can produce large amounts of silver have the right to mint silver and can directly produce currency.

In the later world, under the proposal of Isaac Newton, the gold standard was born, and paper money was issued using gold as a deposit.

Countries that could produce a large amount of gold at that time had this right to mint money.

The gold standard has been implemented for a long time. Even decades ago, people like Jinniu Street still used the gold standard and used gold as a deposit to issue currency in order to obtain the right to mint coins.

It’s just that the world’s capital has expanded to a considerable scale. Even if the world’s gold is collected, it is impossible to support the gold standard. For the circulation of capital, gold is an obstacle.

Therefore, the gold standard was eventually given up voluntarily by these people on Jinniu Street, and they began to tie it to a very important thing, which was oil.

After all, oil is the blood of industry, and now that we have entered the industrial age, no country or region can do without oil. Without oil, people in many places would not even have enough to eat.

After the currency they issue is bound to oil, the currency will naturally have credibility and become a world-class currency. They can use this piece of paper to absorb the world’s materials and plunder the world’s wealth. .

The money they print is essentially paper, but because they have the right to mint money, they can give value to the paper and let it buy various real things.

The battery Jiang Hao showed has threatened their right to mint money, because the birth of this battery means that the main function of oil as an energy source has been lost.

The value of oil will be reduced by at least half.

Their coinage rights will also be greatly affected.

It was precisely because Jiang Hao had deeply violated their interests that they had a rare meeting together to discuss ways to deal with this situation.

“Oil will be greatly affected!” said DuPont V, the helmsman of the DuPont consortium. “This kind of powerful battery can not only be used in cars, but can also be used in other aspects, even in aerospace. Petroleum The value of the company will indeed be greatly reduced as a result! Each of our financial groups will be greatly affected and the losses will be considerable!”

Little Morgan said somewhat depressedly: “But we are not old antiques who resist technological progress. We are not that stubborn. Even if the birth of this super lithium battery will affect oil, if this technology is in our hands, We are still happy to see the results and develop this technology, after all, it will enhance our strength.”

“The key is that Jiang Hao has nothing to do with us. He is not a rich man we cultivated, and he is not our lackey. This is the most troublesome part. We don’t need new technologies that we cannot master.”

Another great thing about these people on Jinniu Street is that they can control various entrepreneurs.

During the rise of an entrepreneur, he will definitely need funds. Once he needs funds, he cannot avoid the financial system created by Jinniu Street, and he will gradually be controlled by Jinniu Street and become a member of the Jinniu Street system.

But Jiang Hao is an exception.

Under normal circumstances, a rich man like Jiang Hao must have some unexplainable relationship with Jinniu Street.

But Jiang Hao exploded too fast.

half a year

In a short time, he became a billionaire.

Moreover, Jiang Hao has never been short of money. There are always people queuing up to give him money. He can raise funds by himself. Naturally, he does not need Jinniu Street to intervene. Therefore, he and Jinniu Street have nothing to do with each other.

It just happened that he made such a big move again.

The movie master system he created before, to be honest, had little impact on people like Jinniu Street. It was just something from the entertainment industry.

But the super lithium battery is too deadly. In the hands of people who cannot control it in Jinniu Street, these people in Jinniu Street have trouble sleeping and eating.

“Things have happened, and everyone knows what the situation is. At this point, we can only make amends and find a way to solve the current situation. It is useless to complain again.” Chopper Rockefeller said, “Everyone We are all the best elites in the world. Please use your smart brains and think about how to resolve this crisis.”

Little Morgan was lost in thought.

It only took less than a minute for little Morgan to think of a series of methods, so he said: “I have some methods, let everyone know the details…”

“Speaking.”

“The Morgan family is very sophisticated, and your little Morgan is no worse than your grandfather. We are willing to listen to your ideas.”

“We still recognize your wisdom. If your method is really reliable, we will implement it according to your method!”

Everyone knows little Morgan very well. They know that although little Morgan is young, he is the smartest person in the Morgan family, with an IQ similar to that of Einstein.

This is why little Morgan can inherit the family.

After little Morgan inherited the family, he led the Morgan Group to expand its territory and continue to strengthen the family’s power. He almost never made any wrong decisions.

Thanks to Little Morgan’s performance, everyone is looking forward to Little Morgan’s approach.

In other words, it’s little Morgan’s way of solving problems.


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