Chapter 4631

The next day, there were still a lot of people withdrawing money.

Of course, most of the people who withdraw money are still the money in the current passbook. As for time deposits, no one has moved. But the amount of cash in the bank is declining rapidly every day. Before that, there were people saving and people taking. Sometimes, the bank just acts as a money transfer station. Money is always stored here, just transferred from one account to another.

Now that the money in the current passbook has been taken away, the money in the bank's Treasury seems to be getting less and less. What if we really don't want interest?

"Boss, what do you think they will do?" Asked Melissa.

Lin Feng smiles.

"There are many ways they can do it. For example, they can spread all kinds of opinions and tell everyone to withdraw money, which will lead to the monetary tension of the bank, the tightening of the bank's financial roots, the crisis of the normal financial order of the society, the failure of enterprises to get loans, and the failure of factories to start work normally. The final result is the collapse of social finance, and everyone's bad luck!" Lin Feng said with a smile, "it's a pity that such remarks are useless to the Chinese people." Lin Feng shrugged, "the uniqueness of China's 5000 year history and culture makes the Chinese people believe one thing, that is, to be safe! Of course, it can also be said to be down-to-earth. This money, in the hearts of the common people, is not put anywhere in their pockets, which makes people feel relieved. Of course, now we believe in the safety of banks. But if the bank makes such a statement, then the people will have doubts about the bank. Yes, if I deposit my money in the bank, I can withdraw it. Now when you make such a statement, you say I can't take it out. If it is taken out, it will affect the social financial order and lead to China's financial collapse. This will not let the people continue to deposit their money in the bank, but will think, oh my God, I can't take out my money when I put it in. It's so frightening. So, in the end, the common people will definitely choose to withdraw money crazily! "

Melissa thought and nodded. She has been in China for so long that she finally understands the uniqueness of China. The world is divided into China and the world. It means that China and the world are totally different. What is popular in the world may not be popular in China. And this law is the experience of countless world-class factories after paying countless painful costs.

Foreign citizens will naturally understand that if they withdraw all their money, it will inevitably lead to bank runs and a series of unpredictable financial events. So, people will be very rational. As long as the bank has no major financial problems and may go bankrupt, then we will not run. But in China, the more you say you can't withdraw money, the more you have to withdraw money.

This is just like before that, it was said that the central bank was ready to launch thousand yuan notes. This proposal was put forward by Zong Licheng, member of the National Committee of the Chinese people's Political Consultative Conference and vice chairman of Shandong Federation of industry and commerce, at the 2004 National People's Congress. His reason is that with the rapid development of social economy, the per capita wage has risen to a high level, and the prices have been rising continuously. When consumers consume, there are more and more one-time bills. It is a bit inappropriate to use 100 yuan bills.

The large denomination RMB has many advantages and benefits. The first is easy to carry, the second is to reduce the circulation time, improve efficiency, and the third is to save paper. This is good for the country and the people. However, this issue has met with all-round opposition from the people, saying that the issue of RMB 1000 is a disaster to the country and the people. Once it is issued, the price will inevitably rise and even reach a level that is difficult to reach. Many people even abuse Zong Licheng as a running dog of capitalists and a pawn of corrupt elements. In the end, the proposal was rejected.

But is it really impossible to use a large amount of RMB?

In fact, from the perspective of finance, it is related to the economic level of a country. When a country's economic level rises to a certain height, it can issue large amount of money to meet the needs of the market. After all, when you go to buy a building, you need to pack a box of money, which is a bit out of time. Although you can transfer money directly, sometimes cash is more convenient. Especially go shopping and so on, you buy a thing, open the wallet, a pile of money, undoubtedly very bloated. In this case, it is undoubtedly more convenient to issue large banknotes.

But why are Chinese afraid? The reason is that large banknotes were issued in the period of the Republic of China. On August 19, 1937, the national government carried out the reform of currency system, abolished the legal currency and circulated the golden yuan certificate. One yuan in gold yuan coupon is equivalent to 3 million yuan in French currency. Three months after the issuance of the golden yuan coupons, prices soared and the value of the currency plummeted. It is common for people to carry a sack of money and not buy a nest. This led to a complete collapse of prices and a complete chaos of the market. Finally, it was rejected by the masses in the first half of the next year. The masses would rather barter than accept it.

Therefore, Chinese people are afraid that this will happen again after using large amount of money. In case, after issuing the 1000 yuan note, now 10 yuan can buy a bowl of beef noodles. As a result, after issuing the 1000 yuan note, 20 yuan may not be able to buy it. Isn't that a pit father. Therefore, the Chinese people firmly oppose it.

However, in terms of the actual situation of various countries, if the state issues or does not issue large denomination RMB, the price should rise, the inflation pressure should be high, and the RMB should depreciate. This is not related to the issue of large denomination RMB. What's more, now we have entered the era of "card", not to mention that the wages paid by the staff of the unit no longer need cash, but directly use the "bank card" to count; Even when people go shopping in shopping malls, they are used to "swiping cards" instead of cash. Therefore, whether it's large face value RMB or small face value RMB, it's just a number for the unit or consumption. The size of RMB has no practical significance. From this point of view, the issue and non issue of large denomination RMB are the same, which does not affect the currency circulation at all. This is just a number.

Of course, this can also be said from a certain point of view, since we are used to it, we can not issue large denomination currency. However, in terms of domestic economic level and consumption habits, large amount of RMB is more convenient for Chinese people's consumption habits. After all, Chinese people like to bring cash with them. As for why the United States does not issue large denominations, it is decided by the consumption habits of Americans. Everywhere you go in the United States, you can swipe your card, even in a small convenience store. What's more, Americans usually have monthly bills. All kinds of income in each month will send bills to the end of the month, and then they will pay in cash at one time.

So, Americans really don't need higher denominations. Moreover, it is not that the United States has not issued a higher denomination currency. Historically, the United States also issued large banknotes of $200, $500, $1000, $2000, $5000 and $10000, but they stopped issuing in the 1940s. Finally, due to the popularity of credit cards, the United States entered the credit society and decided not to issue banknotes with denominations larger than $100 in the future. However, the issued large amount banknotes have not been voided and can participate in market circulation. Of course, no one will spend those banknotes with large denominations, even if they are owned. Because its collection value has far exceeded its face value.

Of course, here we are talking about the panic mentality of the Chinese people. If you don't allow me to withdraw the money I deposit in the bank, it will affect China's financial order. As a result, I will definitely go and get it back. If banks make such remarks, the result will be panic cash withdrawal and eventually run.

"So what will the bank do?" Asked Melissa.

"Ha ha, I think the bank's move now should be procrastination!" Lin Feng smiles.

Drag? How?

The next day, after the discussion of the four major banks last night, the four major banks released a message that if all time deposit books want to withdraw money, they must make an appointment 15 days in advance.

Undoubtedly, this news is used to deal with the storm of run raised by Lin Feng. The big part of the real deposit is in the time passbook. If the time deposit book can't be cashed, at least it can't be cashed immediately, will the bank be afraid to withdraw money? I'm not afraid of all your retail investors coming. After all, if we really have enough cash, most of it will be deposited as fixed term instead of current. After all, the interest gap is too big.

After learning that the bank's policy was launched, all the real estate enterprises were relieved. This time, they don't have to worry about the bank's loan withdrawal. If Lin Feng really stops lending and even asks them to repay, almost half of these enterprises will collapse. Now the bank has issued this policy, an unprecedented policy. Obviously, it is ready to carry it to the end with Lin Feng. This is also a signal to tell them to stand up straight, don't lie down, persistence is victory!

"Boss, now the four major banks are restricting cash withdrawal, what shall we do next?" Asked Melissa.

Lin Feng smiles.

"I expect that the first step of the big four is to limit cash withdrawal. This is because this is the usual routine of these state-owned enterprises. We should be cautious and try to test everyone's reaction by limiting cash withdrawal. And that's the wrong step for them. They can never do that. If they do, they will be in trouble! " Lin Feng sneered, "it's better to restrict cash withdrawal than simply announce that the current account is not due and can't be withdrawn."

Later, Lin Feng posted a microblog.

"In response to Comrade Xiaoping's call, those who get rich first should drive those who are not. I will set up the "Fengshen wind investment fund" to protect the capital by 10% every year without capping. Welcome to buy Lin Feng posted a microblog.