The Fourth Financial Crisis

Just when Yang Lu was looking a little fascinated, Li Qingning raised his head suddenly, shocking Yang Lu on the spot.

He thought he had been discovered by the other party in his wild thoughts!

However, Li Qingning did not notice Yang Lu's guilty conscience, but was a little surprised and said: "Wait! Since you just said that our Haiya Consortium will buy the equity of Yangjiang Port at a high price no matter what, do you mean... Is the credibility behind the Shenhuo Sect far better than the credibility behind the Infinite Sword Sect?”

Now that Li Qingning had raised his head, Yang Lu was embarrassed to continue staring at her.

He looked away slightly embarrassed, then coughed twice and said: "Ahem, the eldest lady is really talented! Although the credibility of Shenhuo Sect was almost as bad as that of Wuliang Sword Sect in the past, according to Tian Beixi...ah, no, Based on the various economic policies implemented by Tian Daxiao after he became the leader, I think the credibility of the Shenhuo Sect will definitely be better than that of the Infinite Sword Sect in the future!"

In Yang Lu's view, Tian Daxiao, who is also the leader of a super cultivation force, has a much higher rank than Lin Jianxing.

Although the Wuliang Sword Sect has a deep accumulation in cultivation economics and cultivation management, and has produced many famous figures in the past two thousand years, the current leader of the Wuliang Sword Sect, Lin Jianxing, is a monk who has become a monk in the process. He obviously failed to understand Luo Shen. The true wisdom of the predecessors such as , Bo Nanke, and Lu Yang.

Take as an example the concept of "rule of law in Zhongzhou" pioneered by senior Luo Shen during his lifetime. This governing concept is actually very clever. It not only strengthens the rule of the Wuliang Sword Sect, but also ensures the smooth operation of Zhongzhou's economy. It also uses the legal system to improve Zhongzhou's business environment. It is a win-win governance strategy for the central and local governments.

But in Lin Jianxing's case, "the rule of law in Zhongzhou" has been reduced to a means of attacking dissidents and maintaining rule.

For the vassal sects of the Wuliang Sword Sect, Lin Jianxing almost tightened the rules layer by layer and set the rules to a strict level. He wished that when bidding for the vassal sect's cafeteria, he would first hold a meeting of all elders and then formulate meeting minutes and report them; however, for As far as the Wuliang Sword Sect itself is concerned, the so-called rule of law is in vain.

Luo Shen, the framer of the "Zhongzhou Sect Management Regulations" and the former law enforcement hall elder of the Wuliang Sword Sect, did leave a lot of discretionary power to the Wuliang Sword Sect. Therefore, Lin Jianxing's approach does not theoretically violate the Wuliang Sword Sect's policies. game rules.

But the legislative sages of the Wuliang Sword Sect left this hole for themselves just to allow the Wuliang Sword Sect to respond to various emergencies more flexibly, rather than to open the door for the senior officials of the Wuliang Sword Sect to abuse their power.

But in Lin Jianxing's view, it is a matter of course to use the Wuliang Sword Sect's supreme authority that overrides laws and rules to achieve one's strategic goals. For example, the official roads and ports of Haiya City are requisitioned for you as soon as you say they are requisitioned. There is no mention of martial ethics or contracts at all, and they even call it "everything is based on the overall situation of the Wuliang Sword Sect and Zhongzhou".

This "strict discipline to others, lenient to self-discipline" way of doing things indeed seems very pleasant, and can achieve certain specific goals very efficiently. For example, the Wuliang Sword Sect quickly organized a fleet to support the outlying islands, fully demonstrating The Wuliang Sword Sect has the institutional advantage of “concentrating its efforts to accomplish big things”.

However, this unconventional method is not without cost. It damages the long-term credit of Wuliang Sword Sect, as well as Cultivation Capital’s mid- to long-term confidence in Wuliang Sword Sect.

President Lu Yang once said a famous saying:

Confidence is more important than spiritual stones!

The third Lingshi financial crisis was successfully resolved not because of how good Mr. Lu was. In the final analysis, it was because Mr. Lu successfully established the credit of Lingshi Coin through the listing of Lingshi Mineral Equity.

Credit, an invisible wealth, although invisible and intangible, profoundly affects the pricing of various assets.

The same sect is short of money and wants to transfer the port. The Zhongzhou sect can only sell its port at a low price, while the Huoyunzhou sect can sell it at a high price. This is the hidden role of credit.

Even on Earth, developed countries in Europe and the United States are not as good as some developing countries in terms of interest rates and economic growth. However, big capitalists would rather make less money and buy assets from developed countries with relatively worse quality at a premium rather than buying them. Cheaper developing country assets.

It is because developing countries cannot guarantee the adequacy of capital, whether in terms of the rule of law or credit. This kind of guarantee is useless no matter how loudly you talk about it. Capital and talent will vote with their feet.

The most stupid thing about Lin Jianxing is that he ignored the implicit value of the rule of law and credit.

In contrast, since Tian Daxiao, the head of the Shenhuo Sect, came to power, almost all the policies he has introduced have been centered around the protection of property rights, hoping to attract overseas capital to flow into Huoyun State.

If someone else does the same thing, Jiuzhou Cultivation Capital may not buy it. But Tian Daxiao has an irreplaceable and huge hidden advantage, which is his status as the registered disciple of President Lu Yang.

While this golden sign attracted unnecessary hatred to him (for example, the Yufeng Sect's involvement in the war on the outlying islands was due to fear of Tian Daxiao's external expansion), it also brought him a natural endorsement of credibility.

In the world of Kyushu cultivation, there is a widely circulated proverb:

"Only President Lu and Lingshi are the most trustworthy."

Tian Daxiao, as one of the first elders in the financial industry who accompanied Governor Lu to conquer the world, can naturally enjoy the aura of Governor Lu.

Even though many cultivation forces have not said it, they have secretly increased their efforts to allocate assets to Huoyun State. This is entirely because everyone believes that the disciples brought out by President Lu will not be treacherous people.

In Yang Lu's view, credit is Tian Daxiao's upright conspiracy for the Wuliang Sword Sect. However, this is a bright card that has been played in Lin Jianxing's face. Lin Jianxing did not even realize this, let alone trying to show off his tricks. The existence of cards.

I've slapped you in the face, but you haven't felt it yet; I've told you all my actions clearly, but you still can't understand; I've already defeated you, but you still don't know where you lost.

This kind of silent conspiracy is the highest level of strategy, rather than an interlocking plot and a grand chess game that depends on ten moves.

Until now, Lin Jianxing thought that the Outlying Island War was a deliberate conspiracy against the Wuliang Sword Sect after Tian Daxiao came to power. He did not realize that this war, which cost the Wuliang Sword Sect a lot of work and money, was actually an independent action secretly planned by Tian Beixi.

Tian Daxiao's real killer move had actually been placed in front of him for a long time, but he always turned a deaf ear to it. Li Qingyang must have seen it, but he had no right to interfere with the legal construction of the Wuliang Sword Sect.

It was precisely because he saw through Tian Daxiao's conspiracy that Yang Lu had full confidence in Huoyun State's infrastructure assets.

Yang Lu even believed that with Tian Daxiao taking charge of Huoyun Prefecture, all the original asset prices of Huoyun Prefecture will face revaluation, because the valuation of the same assets will inevitably continue to rise under better institutional protection. The continued rise in asset prices will in turn verify the vision of Huoyunzhou Capital earlier, thus making more people willing to invest in Huoyunzhou. And more people invest in Huoyunzhou, which means that the valuation of Huoyunzhou's assets can further increase...

As for whether this self-reinforcing wealth effect turns into a Ponzi scheme or successfully promotes the economic development of Huoyun State, it depends on Tian Daxiao's own attainments in economics. As a registered disciple of President Lu, what does Tian Daxiao think? It doesn’t look like some idiot!

But no matter what Tian Daxiao's ability is, as long as the general trend of asset appreciation in Huoyunzhou is established, the dominance of Jiuzhou's economy will be back in the hands of Tian Daxiao, the leader of Shenhuo Sect!

To achieve all of the above, Tian Daxiao must spend enough time to prove that Huoyunzhou's assets are superior to others.