Blackstone Code

After two weeks of fermentation, the matter regarding the new currency has come to fruition.

Most ordinary people are interested in the design of Blackstone Bank. Who doesn’t like colorful banknotes?

And Connor has been hinting at the choices of ambassadors from various countries in currency internationalization, and the ambassadors from various countries have also cooperated in choosing the design of Blackstone Bank.

The federal government announced that the new version of the currency will gradually replace the old version of the currency within three months, and then there is the issue of printing.

This also led to an emergency meeting of the Federal Reserve Bank to discuss the printing problem.

"Can't we achieve the above anti-counterfeiting technology?" Blackstone Bank's sample banknotes were already placed in front of them.

Several technical engineers looked over it over and over, combined with some anti-counterfeiting instructions, and finally they all shook their heads.

"Infrared fluorescent ink, ultraviolet fluorescent ink, photosensitive ink, these are not completely unsolvable technical problems, but the problem is that we need time."

"And there's more to the anti-counterfeiting technology here. The special fibers on these papers are not that easy to make."

"And these pictures..."

"If we are given two years and financial support, I believe we can solve these technical problems."

"But we can't solve it within three months."

Formal sample bills have more anti-counterfeiting mechanisms. For example, the paper used to print coins has many layers, and the thick fibers in some of the paper are also "dyed" with infrared or ultraviolet fluorescent ink.

Currency looks completely different under ultraviolet and infrared light, and the use of photosensitive ink allows these currencies to undergo different changes under some optical instruments.

The use of a single technology is not a problem at all. The problem is that when so many technologies are brought together, it becomes a big problem.

The director still refused to give up, "If we print it ourselves..."

The technical engineer interrupted him directly, "We can't print it, at least not within this year."

The director could only look at the president, who also seemed to have a headache. "I talked with Lynch and he refused to authorize the technology on the grounds that some of the key technologies involved national defense security..."

Regarding infrared technology and ultraviolet technology, if you say Lynch is lying, he is not.

The infrared guided missiles currently cooperating with the Northern Military Region do have a lot of infrared technology, but they have little to do with infrared fluorescent ink.

But if it is true that there is no relationship at all, then it obviously underestimates Lynch's determination. If he says there is, it must be there, and everyone in the military will say there is.

One director cursed a few times in a low voice. There was no doubt that he was not scolding himself or anyone else. He did not specify his name.

But everyone here knows that there is a high probability that he is scolding Lynch.

"As for the paper, they are willing to give it to us at the cost price..." Some directors looked a little better, but not long after they looked good, they were beaten back by a "but".

"But the price is still very high. In the various tests we have done, the performance of the paper they provide in all aspects far exceeds what we are using now."

"So simply put, there's nothing we can do."

"Let Lynch do the printing for him, and he'll need us to pay a large sum of money for printing."

"Our accounting department audited and gave me a number I don't want to talk about—"

"We need about 4.5 billion to 5 billion for the first batch."

One director couldn't help but interrupted the president, "Why do you want so many?"

The president also explained, "First of all, the prices of various inks are very high. His quotation... To be honest, I don't know how much of it is true, but currently he is the only person who has mastered this technology."

"Before the technology is fully disclosed, we can only admit how much it is."

"Besides that there's money for paper."

"What the Presidential Palace means is that we print the first batch of funds of no less than 100 billion as soon as possible before August to replace the currency currently circulating in the market."

“The cost of printing a dollar is no different than the cost of printing a hundred dollars, and the printing volumes for small denominations are very high.”

"The fact that I can bring the price down to this amount has already involved a lot of my personal connections."

"The possibility of further decline...", he shook his head.

Many people think that the cost of printing one dollar and printing one hundred dollars should be different, but in fact this is not the case.

In fact, there is basically not much difference in the printing cost between one yuan and one hundred yuan. In addition, the size of one yuan bill is smaller than that of one hundred yuan, so it takes several more cuts to cut a full page of currency.

In terms of labor costs, it may be a little more than the cost of a hundred yuan!

The price quoted by Lynch is not that much, it can only be said to be moderate.

If the Federal Reserve Bank of China issues it itself, the cost can be controlled at about one billion. In fact, considering so many new anti-counterfeiting technologies, Lynch's quotation is very appropriate.

But what is right is what is right, and the Federal Reserve Bank is still not happy to have to pay so much more for nothing.

After all, this is not a small amount of money, and the additional expenditure of several billions is also a lot of money for the Federal Reserve Bank.

Some directors put forward some ideas, "Is it possible to further reduce this expenditure? It would be best to get these technologies and print them ourselves."

The president's expression became slightly strange, "Actually, it's not impossible. Lynch also provided another solution."

Everyone was immediately interested, and the president seemed to know that they would be very interested in this plan, but only now.

"Lynch's other plan is for us to cross-shareholding with Blackstone Bank, so that he will give us technology authorization."

Some directors who knew some "inside information" frowned, "Is it still the same result as last time?"

The president nodded, "It's still the same ratio as last time."

Lynch wanted five percent of the Federal Reserve, which was obviously not possible.

With such "ambition", printing costs of four to five billion seem more acceptable.

They had no choice but to accept Lynch's cross-shareholding plan or pay Lynch to do the printing.

And the relationship between Connor and Lynch is obviously closer. If Connor chooses to let Lynch print and then try to let him distribute it, it will definitely be a disaster for the Federal Reserve Bank.

And no one stipulates that the issuance of federal Sol must be done by the Federal Savings Bank.

The federal government mortgages tax revenue to the Federal Savings Bank so that the Federal Savings Bank can obtain the issuance rights. It sounds complicated, but it is actually very simple to understand.

To put it simply, the federal government advances future taxes to the Federal Savings Bank, and then the Federal Savings Bank produces a "commodity" called federal Sol to the federal government.

After this commodity is delivered to the federal government, the federal government uses these commodities called "Federal Sol" for the development of society.

The value of the Federal Sol depends on its denomination. Different denominations can be exchanged for different amounts of gold at the Federal Savings Bank.

Currency is actually just an evolved form of "gold coupons" and is still an expression of purchasing power.

So is this distribution right irreplaceable?

In fact, this is not the case, because in the final analysis, as long as the issued currency can "preserve its value" and as long as the issuer can ensure its value, then it doesn't matter who issues it!

Like the chips Lynch "issued" at Slem, it actually had monetary properties.

Blackstone Bank's gold reserves are very rich, and it has a certain degree of issuance rights.

If Connor chooses to let Blackstone Bank issue it, it may not be impossible!

Even if not all is released, it is still possible to release part of it!

The issuing bank has great power in finance. In recent years, the other five of the six major banks have always wanted to challenge the issuing power of the Federal Reserve Bank.

In order to deal with these careerists, the Federal Reserve Bank has already split some shares, and now the emergence of Blackstone Bank and Lynch has made them feel dissatisfied and in crisis.

"How about... agree to his request?"

The president raised his eyebrows and said, "Give him shares?"

"No, give him money!"

The president looked at the other directors and said, "You can have a meeting to discuss it. I respect the board's resolution."

He kicked the ball back.

Other directors also believe that this matter does need to be discussed. After all, this is still the first batch of billions in printing costs.

If technology research and development does not keep up, they will need to pay billions more in printing costs.

Tens of billions of dollars have to be spent, which is a very heavy burden. Even the Federal Reserve Bank may not be able to support it!

Because the presidential office kept a close eye on this matter, they held meetings for two consecutive days. In the end, everyone decided to pay Lynch to print instead of exchanging shares with him.

The shares exchanged will be concentrated in the hands of Lynch alone, but the shares traded by Lynch will be equally divided among dozens, hundreds, or even thousands of people.

And these people have lost much more than they have gained, so it is not easy to convince shareholders.

Rather than convincing countless shareholders to accept the idea that they were about to lose a large sum of money for no apparent reason, it was easier to just pay for it.

If everyone wants to lose, everyone will lose together, and if everyone wants to make profit, no one will have anything to say.

After the matter was decided, the two parties signed a printing agreement under the witness of the presidential commissioner.

The Federal Reserve Bank paid Lynch the printing costs of 4.7 billion in five installments, and Lynch delivered the printed currency to the Federal Reserve Bank in four installments.

After the signing, the directors of the Federal Reserve Bank left unhappily, leaving only the president who chatted with Lynch in a polite manner.

The presidential commissioner returned to the Presidential Palace with the results. Connor was so happy that he almost jumped up!

This means that he, a president who has only taken office a few months ago, has his own "currency", and he will become the most special one among the many presidents in the Federation!