"Ma Du Gong's currency system is simply to control the world's currency issuance power by controlling trade channels," Wu Di said. "His theory is that as long as you monopolize the logistics industry, you can monopolize the power to define currency. The pound and the US dollar can successively

It became an international currency because it monopolized the circulation of commodities."

As he spoke, he took out a notebook from his pocket: "I will read you a piece of his original text -

... There are two prerequisites for buying something: a. there is someone to sell it, and b. there are channels to buy it. There are only farmers, and you can’t buy rice. There are only factories, and you can’t buy clothes. Currency must be used, and the logistics industry can change hands.

OK. So if you monopolize the logistics industry, you can monopolize the right to define currency. In modern times, the pound and the US dollar have successively become international currencies. The most critical point is that these two countries have mastered sea power. There are two meanings of mastering sea power. One is

You have a monopoly merchant fleet, and others cannot compete with you. Therefore, all bulk trade is done by you, and you naturally have the right to choose how to price. The other is that you have the world's largest navy, which can stop any route at any time.

Trade without incurring retaliation. This is the model between the United States and the United Kingdom. The United States does not care who mines oil in the Middle East or manufactures half of the world's industrial products - as long as these things are priced in dollars..."

"Of course, if this can be done, it will be beneficial in the short term. Just look at the United States in the old times." Chen Ce said, "His calculations are the same as those of the Americans, relying on the credit of the international currency to borrow unlimited money.

"Most of the excess currency circulates in world markets,"

"In this plan, he has a four-step plan," Wu Di said. "The first stage is to allow this new currency - let's call it the Australian dollar - to buy our supplies. Now that we have circulation coupons, we can directly

Replace circulation certificates; in the second stage, we require that Australian dollars can buy other people’s supplies and be exchanged for gold and silver; in the third stage, we require that gold and silver must be priced in Australian dollars; in the fourth stage, we require that everything be priced in time-traveling coins.”
Chapter completed!