Anti-Japanese War: I have a million soldiers and you call me a division commander?

In just one or two years, more than 400 billion Saibei currency was issued. However, Chu Feng was not worried about the credit collapse of Saibei currency and its becoming the legal currency in the later period of the War of Resistance Against Japan.

In terms of the current value of the Serbian currency, 230 billion Serbian currency is equivalent to 57.3 billion US dollars.

This amount of money is huge. You have to know that the fiscal expenditure of the United States for 37 years is only 68 billion US dollars.

This is just government spending. If the upcoming military budget is included, the fiscal expenditure of the northern border region this year will probably catch up with that of the United States in 37.

The collapse of fiat currency is caused by multiple factors. The first one is naturally the monetization of fiscal deficit.

Faced with the ongoing War of Resistance Against Japanese Aggression, in order to maintain the operation of the army, the Kuomintang government relied on printing money to fill about 80% of its military expenditure.

Especially after 1941, the speed of over-issuance accelerated, forming a vicious cycle of "printing money - inflation - printing money again".

Second, the government’s foreign exchange reserves have been depleted.

In the early days of the War of Resistance Against Japanese Aggression, the Nationalist government sold silver in exchange for foreign exchange, such as signing the Sino-US Silver Agreement with the United States.

However, precious metals such as silver and gold are limited in quantity. In the later period, precious metals were no longer available. The large amount of over-issued currency led to the depletion of foreign exchange and the inability to support the credit of legal tender.

The third is the division between urban and rural economies. The over-issuance of legal tender mainly affects the urban economy, while the rural areas are less affected due to their self-sufficient model. However, the soaring prices in cities lead to social unrest, and the depreciation of legal tender enters a vicious cycle.

The fourth is the financial war waged by the Japanese and puppet regimes. The Japanese increased the pressure on the legal tender to depreciate by counterfeiting it and forcing the exchange of counterfeit currency.

Fifth, China is an agricultural country. It has no real industries to support the over-issued currency, and there is no way to provide an anchor for the over-issued currency.

The reason why Chu Feng dared to print Saibei currency on such a large scale was that he could obtain a large amount of weapons and equipment, funds, mineral resources, weapons and equipment, etc. from the system.

These have not been traded, so these are real physical assets, which also include some value brought by technology.

Secondly, we should vigorously develop industry and improve industrial production capacity by purchasing machinery and equipment. As long as we can continuously produce industrial products, we can find a direction that can provide value for the printed money.

Money can only be called money if it can be used to buy things. If you can't buy things with money and can't prove its value, it is just a piece of waste paper.

In addition, Chu Feng also used his industrial products to collect some money and assets in the country.

At the same time, the mining of a large amount of mineral resources and gold and silver mines has increased the reserves of precious metals in the northern border area.

Finally, the Saibei currency is now like the ruble of the Bear Country. It is a local regional currency that is used by its own currency.

All of this added together can guarantee that not to mention releasing 40 billion Saibei currency, even if it is 400 billion Saibei currency, as long as Chu Feng can find physical assets worth 400 billion Saibei currency, he can ensure that Saibei currency will not collapse.

"Commander-in-Chief, my heart is still trembling!"

After the meeting, Chu Feng, Li Mingqiang and the other two sat together. Li Mingqiang still couldn't hide the excitement on his face, and his hands were still shaking slightly.

"230 billion Saibei coins!"

"Oh my god!"

"When I think about the fact that I will be in charge of these tens of billions of dollars, it feels unreal."

Looking at the excited Li Mingqiang, Chu Feng chuckled and comforted him, "Old Li, calm down. This is nothing serious."

"Don't forget, after the government meeting, the military meeting will start right after that. Our military budget for 39 hasn't even been finalized yet!"

"It may not be as much as the government's fiscal spending, but military spending is still a significant amount."

Hearing Chu Feng's words, Li Mingqiang, Wang Tiezhu and Ge Dayong all showed expectant expressions.

Although Li Mingqiang has gradually withdrawn from the army and started to focus his main energy on the government, he also knows that of the two mainstays of the northern border area, one is Chu Feng and the other is the army.

"Commander-in-Chief!"

Li Mingqiang looked at Chu Feng and said with emotion: "To be honest, since I came to you, I have been exposed to so many things that I have never been exposed to before."

"Tens of billions of dollars is something I can't even imagine."

Li Mingqiang's words were not meant to flatter Chu Feng, but were his true thoughts at this moment.

Before coming to Chu Feng, he was just a middle or senior level staff member in the Eighth Route Army. It cannot be said how important he was or how capable he was.

But since he came to Chu Feng and followed Chu Feng all the way, he has been exposed to more and more things, and they have become more and more important.

He achieved things that he had never dared to think about before, and it is also a height that many senior Eighth Route Army leaders cannot reach today.

"Old Li, there are still many days ahead!"

Listening to Li Mingqiang's words, Chu Feng chuckled and said, "So, you should be prepared to spend every day busy!"

"Secondly, you must take good care of your health. Your health is the capital of the revolution. You can't collapse. If you collapse, where can I find such an excellent partner like you?"

The four of them were chatting and laughing.

At the same time, the resolution of this meeting was also known to all parties.

After hearing about the major domestic forces, they could only envy and sigh that Chu Feng was worthy of being so wealthy.

Temporary capital!

When the government received the news, he stood there for a long time before he came to his senses. He was in a bad mood: "Chu Feng, you have done what I have been looking forward to and want to do most in my life!"

Finally, he uttered these words with some emotion, his eyes flickering as he spoke, and he was constantly thinking about something.

The Eighth Route Army's rear border area.

A group of high-ranking officials of the Eighth Route Army gathered together and were also discussing.

"Chu Feng, what a big deal!"

"China has Chu Feng, it is China's prosperity!"

"We've invested 230 billion Saibei coins, but we can't even come up with 1 million Saibei coins right now. That's the gap!"

"It's only been a short time, and we've been witnessing the rise of the Saibei Border Region and Chu Feng!"

"..."

Compared with the sentiments of various domestic forces, the sentiments of foreigners abroad are simpler.

They marveled at Chu Feng's generosity, but they were more interested in the business opportunities.

With an investment of 230 billion Saibei currencies, even if the Saibei border area can solve part of it by itself, at least 100 billion Saibei currencies need to be purchased from outside, and these 100 billion Saibei currencies are what everyone is eyeing.

Although Saibei currency is a regional currency and people will not use it for settlement, people can take out loans and even participate in the game in order to buy their own goods with this money!

100 billion Saibei coins is worth more than 20 billion US dollars!

If we can have a bite of it, it will definitely inject a lot of vitality into the country's sluggish economy.

For a moment, the foreigners became more and more excited. They quickly reported the situation and urged people from the country to come as soon as possible.

Participate in the large-scale infrastructure and industrial construction in the northern border area and reap more benefits.

"Bruce, quickly send a telegram to China. In the northern border area of ​​China, this is a new Alaska. There is a huge gold mine here!"

"Send a telegram back home and tell the head of state that we must take the Saibei Border Region seriously. It is more important than the Chinese government."

"Ivanov, we have to hurry too!"

"..."

For a time, after the government meeting in the northern border region ended, its influence spread rapidly.