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Arrogant!

This is the first reaction of all the students in the financial class after hearing Zhou Ming's declaration. You must know that they are all elite students selected from all over the country. They all regard themselves as the savior of the country. They feel that they will become the pillars of the country's financial capital industry in the future. They want to help this poor country fight against foreign capital invasions. They feel that they are heroes!

For such people, they are the most conceited. If this were not the case, they would not have driven away so many class teachers before, and the central government had no choice but to find Zhou Ming. For this reason, even if the finance professor was the one who said this today, they would not be convinced, let alone Zhou Ming, who is about the same age as them, which made these financial students explode immediately.

"What do you think you are? You also urinate and look at it. You are just maggots in the toilet... I'll hit you, you're a slap, your eyes are whistling, your chin is thrust, your shit is suddenly twisting... Your brain is wafting, your little beast without Ning education, your heartless and unhuman nature is... You are a little messy, the bigger you live, the more you thrust, the whole giggle is... "

Zhou Ming was a little happy when he heard the insults below, because he heard the dialect of swearing around the country, and couldn't help but be impressed by the profoundness of this swearing culture.

"It seems that I'm right, you are really useless." Zhou Ming stretched out his hands, "Look at what you look like now, how come you are still very selective elite students? I think you can do it if you find an aunt to come over in the farmers' market!"

After Zhou Ming said this, the scolding below became even more intense. Finally, the squad leader Chen Shu stood up to calm everyone down. He said to Zhou Ming: "This friend, don't do to others what you do not want others to do to you. Can you reflect on yourself when you talk about us? Think about who started the current situation first? Who cursed the first sentence first? Now you can still make a point here. I have never seen anyone as shameless as you!"

Zhou Ming spread his hands: "But I am just an ordinary businessman, I am not a selected financial elite, I don't think I am the savior of defending the national financial system, and I don't want to be a saint. Don't you think this is unfair to me?"

After Zhou Ming asked this, Chen Shu was stunned and didn't know what to say. After all, he was still a young student. Even if he was an elite, he would never have been able to say that he was an old man like Zhou Ming. Although Zhou Ming looked only in his twenties, as a reborn person, his actual age was over fifty years old. If he could not defeat a group of young people, these fifty years would be wasted.

However, young people also have the impulse to be young. Deputy squad leader Li Yang stood up when Chen Shu was stunned and said, "What kind of thing you are has nothing to do with us. Do you just talk about it here? If you have the ability, take out some real things and look at it. Don't be slander here!"

After hearing what Li Yang said, other people in the financial class suddenly reacted and they all shouted that Zhou Ming would show off his real skills.

Faced with the clamor of these students, Zhou Ming's smile became even stronger, because what they said was the result Zhou Ming wanted. Zhou Ming continued: "Okay, since you want me to show some real skills, then I will be as you wish. I just hope you don't cry at that time."

After making fun of it, Zhou Ming continued, "When I came in, did you hear you discussing the issue of currency?"

"Of course, we all study finance and economics, and money is the most basic thing in finance and economics. This friend won't even know this, right?" Some students below asked sarcastically.

This level of mockery cannot even be called by Zhou Ming. Zhou Ming said calmly: "You all say that our country should open the free exchange rate of currency, and should let our country's currency go to the world and face the market, right?"

"Isn't that the case? Currencies can only prove their value in the real market. And as our country's position in the world becomes stronger and stronger, our currency must also go global and become the core currency of the region and the universal currency of the world. This is the symbol of the real national strength, rather than closing the door and bragging at your own home like now."

Someone said this below and received unanimous praise from other students. It was not that they were already united in the united front, which was discussed fiercely just now, but because this is their always-official opinion.

Just like the so-called dish-boiled teasers on the Internet in later generations, in their eyes, everything is the pot of the system. They yearn for Western freedom and domestic favors, long for Western rule of law and special domestic policies and special treatment. Anyway, no matter what happens, the country is always wrong. If it happens in a dish-boiled country, there will be no such thing as poisonous vegetables.

The same is true for these students now. Maybe the current students are even more radical, otherwise there wouldn't be so many things.

Zhou Ming thought for a while and said, "Dear students, first of all, I am very happy that you can pay so much attention to the development of the country. This is a blessing for the country! But you seem to have overlooked some things, that is, the essence of the world and common currency."

"I believe all students are familiar with the term US dollar. Since the US dollar is pegged to gold and the currencies of other countries are pegged to the US dollar, the US dollar has achieved the status of the world currency. This is the most perfect state you imagine, right? It is also the best embodiment of national strength? But have you really forgotten the crises that have been happening in the US dollar and ignored the huge hidden dangers therein?"

Zhou Ming asked and answered: "You can think about it. As an international currency, countries must use the US dollar as settlement and reserve currency in order to develop international trade. This will lead to the continuous accumulation and precipitation of currencies out of the United States overseas, and a long-term trade deficit will occur for the United States; and the premise for the US dollar as the core of the international currency is to maintain the stability and firmness of the US dollar's currency value, which requires the United States to be a long-term trade surplus country."

After saying this, Zhou Ming paused for a moment before saying, "So don't you think this is a completely contradictory demand? You are all elites in finance and economics. I think you will definitely understand what I said."

Faced with Zhou Ming's words, the students below were silent all of a sudden. It was not how profound Zhou Ming said, or that Zhou Ming was trying to make things worse, but that Zhou Ming said, and they all understood what Zhou Ming said, and Zhou Ming was talking about the Triffen problem that economists all over the world were in a dilemma.

Zhou Ming did not stop because of this. He continued: "Then come back to the currency issue of our country, I think it is necessary for our country to not open up the internationalization of currency."

"The reason is very simple. The reason why the United States was able to launch the Bretton Woods system is because the United States is the country with the largest gold reserves in the world. It has enough gold to support the credit of the US dollar. In addition to gold, the United States and other countries themselves have developed industrial systems and international trade, which are also the guarantee of the country's currency. So I would like to ask everyone, what does our country have? Gold or developed international trade?"

No one can answer Zhou Ming’s question. Zhou Ming continued: “So since our gold reserves and international trade are not good enough, why should you internationalize the currency? What if Western countries do something at this time and force the currency to appreciate, what will happen?”

"To give a very simple example, the exchange rate of our country against the US dollar is 1:8. An American can exchange 8 million rmb for domestic use for one million. We calculate that he spends 1 million a year for food, drink and entertainment, and there are still 7 million rmb left. If the rmb opens the exchange rate at this time, and is it hyped up by foreign hot money, and the exchange rate drops to 1:7, then isn't this American going back to exchange for US dollars with seven million rmb?"

Zhou Ming said: "Simply put, because of your stupid idea, this American can spend a penny, and even make money to eat, drink and have fun in China for a whole year!"

"This is still just an American. What would happen if it were put on this country? One billion people in our country may have worked for Americans for several years because of the appreciation of RMB! The lessons of the economic collapse of the eastern island country due to the square agreement are vivid in my mind. Do you still dare to mention this now? Do you really think you are the guardians of the country? Or do you know nothing at all, and you only know that you are blind here all day long?"

Zhou Ming became more and more excited as he spoke, and finally he roared. He calmed down and said, "That's why I said you are waste, because you really don't understand anything, so you will only open your mouth and say this and that, without considering whether what you said is feasible, just for your heart's pleasure. Those of you are really a cancer of the country and a waste raised by the people!"

Zhou Ming's words are full of pearls, and every sentence pierces the hearts of the students below, making them unable to raise their heads.

After all, these passionate students are not the rogue public intellectuals in later generations. They are completely shameless just to curse the country. And these students are really for the future of the country, and they are courtesy, righteousness, and integrity. Therefore, Zhou Ming's words made them feel deeply moved.
Chapter completed!