"The people are so wasteful. Is it because my royal family leads the way in extravagance and waste, or is it because some of the ministers present here are so wasteful that the people follow suit?"
Ethan said: "Your Majesty, I can swear that none of the ministers present here are extravagant or wasteful, but I am ashamed to say that..." He hesitated to speak.
"speak."
"It's his relatives, as well as those nobles who have no official position but have fiefs. Whether they are themselves or their relatives, they are all extravagant and wasteful. When they entertain guests, they order 20 or 30 dishes. The whole table is either filled to the brim with dishes or piled high."
Long Fei looked around at all the ministers present. Most of them lowered their heads in shame and did not dare to look at Long Fei.
Ethan had something else to report, but he was too embarrassed to say it.
"Ethan, keep going."
"Your Majesty, your relatives are also extravagant and wasteful."
Long Fei's face turned red, his expression was a little ugly, and he asked, "Who is it?"
"Her Royal Highness, the Third Princess, Long Wen, and Madam Li Xiang."
Long Fei couldn't help but touch his forehead: "Okay, I will take care of their affairs."
Long Fei said to the Minister of the Interior: "The news department under your management, including the state-controlled media and those private media, should instruct and produce some programs to promote the idea of not wasting food and try to make more people understand the value of food."
"As you command, Your Majesty."
Then Long Fei continued to look at Finance Minister Zeng Huanpeng.
Zeng Huanpeng then reported on the finances: "The exchange rate between our country's currency and Earth Circle currency has reached 1:1. Now our country's currency can even become the hard currency for international trade. Many countries are trying hard to save their own currency."
Long Fei looked at Feng Jie, the Minister of Trade.
"Your Majesty, our currency is not only considered a must-have reserve currency by many countries, but our current foreign trade volume exceeds the total trade volume of several major countries. Moreover, our imports and exports to various countries are profitable. Our foreign exchange settlement in our currency has reached 800 trillion."
"I think this foreign exchange investment can be more than last year to help some countries build infrastructure and space transfer stations."
Long Fei also knew that this would increase the country's income in the future.
If all the foreign exchange money is put into the country, it may cause domestic inflation. Long Fei also looked at the information. Although there are 800 trillion Tianyi coins, they are only settled in the local currency.
More than 30% of foreign exchange reserves are in non-local currencies. If this money is invested in the country, it will cause domestic inflation, so it is not cost-effective.
However, there is absolutely no problem in taking them abroad for construction or purchasing resources and energy from other countries.
Foreign exchange reserves are the country's currency, and a portion of them can be withdrawn to invest in the country's construction, national defense, etc.
Since the founding of the country, the Ministry of Military Affairs has received 1.5% of the national budget each year, which has been increased to 2% this year.
When Shrek heard about this year's foreign exchange reserves, his eyes lit up. Last year's allocation was several times more than last year's defense budget, and this year's allocation will probably be 10 times more than this year's defense budget.
Then, Trade Minister Feng Jie said: "The plans currently made by our country have been criticized by democratic countries or countries dominated by the financial industry. They accuse our country of using money traps to make those countries owe debts, thereby colonizing those countries that have been built by our country."
“Moreover, these countries also accuse their own countries of financial interference, allowing those important resources, energy, high technology, network communications, etc. to be mostly controlled by state-owned enterprises, with no more than 10% of a company’s 100% stock being sold, and only a small number of private enterprises entering the financial stock market buying and selling more than 51% of the stock.”
“They also accused your Majesty of not participating in financial listings and not selling even one percent of your shares.”
"What's even more ridiculous is that these countries say they don't attach importance to finance at all, which will affect their own development."
"Hey." Long Fei sneered.
The development of a country does not rely on finance, but on the upgrading of the real industry and the support of resources and energy.
To Long Fei, finance is nothing but virtual. He relies on spending money on stocks and driving up the value of those imaginary stocks beyond their original value.
Many people who want to take advantage of the situation buy at a low price and at a high price, or some financiers rely on stocks to at least obtain more than 51% of the shares and control those real industries.
However, those who are engaged in finance have no sincerity in finding ways to improve the capabilities of the real economy.
The Tianyi Empire does not attach importance to the financial industry at all. It focuses on the real industry. The financial industry must serve the real industry.
Under Long Fei's policy, the Tianyi Empire will not allow important industries to fall into foreign hands.
Feng Jie continued his report: "However, no matter how much these countries criticize, it will not affect any progress of our country. These countries are actually afraid that our real industry is too strong, and the products produced are the first choice of people in various countries, which affects the sales and survival of their real industries. In addition, some private enterprises in their own countries have acquired some companies in the financial industry, causing some of their time-honored companies to change hands."
"Among many countries, the one that is most repulsive to our products and unwilling to cooperate with our companies is the Wanluo Federation. This country not only does not allow their companies to cooperate with our companies, but also interferes with other countries' companies and prohibits them from cooperating with our companies."
Long Fei became interested after hearing this and wanted to know who in the Wanluo Federation gave them such courage.
"President Purvi of the Wanluo Federation has issued an order that all countries in the Wanluo Federation are not only not allowed to cooperate with any companies in our country, but also not allowed to invest in our country. Otherwise, he will impose a series of penalties. And this is not just for their countries, but also for other countries as well."
A hint of disdain flashed across Long Fei's eyes.
"I really don't know who gave Purvi the courage to take such a crazy action. But to deal with such people, just use his tricks. Tell all countries and those companies that if they have any cooperation with the Wanluo Federation and those Wanluo Federation companies, they can't cooperate with any companies in this country, and they are not allowed to make any investment transactions with this country. In addition, they must announce that any company that wants to cooperate with this country is not allowed to have any shareholder or boss from the Wanluo Federation."
"As you command, Your Majesty."
"I want to see who will be finished then."
Feng Jie said: "Our Tianyi Empire is a favorite among all investors. The Wanluo Federation still thinks that they can run rampant in the colonial circle 20 or 30 years ago. We must wake them up."
Then it was the turn of other ministers to report.
"Your Majesty, the current minimum wage for our people is 2,000 Tianyi coins. A monthly salary of 2,000 yuan is mainly for jobs like cleaning. 2,000 yuan is more than enough for a family of three. If you are single and you earn 2,000 yuan a month, you can afford a car and a house without any pressure on daily expenses."
"However, not many locals are willing to do jobs like cleaners and housecleaners. Most of the jobs are done by foreign workers, including some low-end industrial factories, where most of the workers are foreign workers."
After listening to the report, Long Fei realized that as the country's economy improved, most of the local people were unwilling to do some lower-end or low-paying jobs, so they usually introduced foreign workers.