The Fourth Financial Crisis

I learned a lot from Haid's two books, although I learned the ideas expressed by Haid in the book in a fragmented way. I have been reading online novels for 10 years, and I think this book and the previous one are the best ones I have ever read, killing 99% of online articles. Other novels published in the past or currently are not worth reading. All they say is upgrading, becoming stronger, and picking up girls. Some books are funny and can make people feel happy, but after happiness, there is nothing left. Some books seem to want to express something profound, but in fact they are just nonsense, which is annoying to the eyes. I hope Haid's works will get better and better. If Haid sees this post, I hope Haid will provide some books or papers on cultivating a correct world view and good thinking skills. Of course, reading without practice is meaningless. As Haid said in the previous book, he worked in the asset management industry for several years before he figured out all aspects of the financial management industry. If you want to learn things from books that can improve your own and other people's lives, you must practice them, although I don't know what to practice and how to practice...

😰Can spiritual stones be compared with money? Money, whether banknotes or gold, is not a necessity, but spiritual stones are considered necessary consumables in the world of cultivation. Let me see how you can turn this into capital.

This book is quite real, and one can't help but feel that such a world should exist in which these things really happen. The specific cases described by the author under the economic system reform actually describe the resistance to reform, instead of being like other novels where the reform is very easy to succeed, or the political factions are profiled. How can reality be so simple? It's okay to defeat an obvious villain. How can it be so complicated? Various matryoshka dolls, reversals, and secret societies keep appearing. In a word, things are connected together, and one move affects the whole body. Finally, I support the author.

Notes for this comment area: Under normal circumstances, posts in this comment area will not be deleted and comments will not be forbidden But if someone leaves a comment without even reading the first three chapters of the novel, don't blame me for deleting the comment. This book is called "The Fourth Lingshi Financial Crisis", which shows that the monetary system of the cultivation world has been iterated for four generations. By the fourth generation of Lingshi credit currency system, Jiuzhou World has already established a modern credit currency system based on the central bank's balance sheet, with the equity of the seven major Lingshi veins as the main collateral on the asset side. Currency issuance has long been decoupled from Lingshi (I have already made it clear in Chapter 3). Actually, I know that writing so many financial technical details in the early stage is very discouraging to readers, and it is better to lay the groundwork slowly. However, I do this because I am afraid that some self-righteous people will make excuses. As a result, there are a lot of people in the comment area asking whether spiritual stones can be used as currency and whether spiritual stones can be issued in excess of 100%. It is obvious that they have not even read the first three chapters of my novel. I even sacrificed the three golden chapters to prevent criticism, but I didn't expect that there would be some scandalous people who came to criticize me without finishing the three chapters. I'll forget about raising this kind of question before, and I will delete it if I see it again...

This is the only novel I have read that mentions that immortality species reduce the rate of return on capital. It seems that the productivity of the cultivation world is no less than that of Japan in the early 20th century, which is enough to cause a financial crisis. The author uses the explosion of the cultivator population instead of the increase in productivity as the cause of deflation, including the slander of deflation. The foolish monks who believed in the counterfeit Lingshi currency paid a heavy price in the third Lingshi financial crisis. However, the current currency system in the world of cultivation is quite strange. It has never existed in human history. Even if there is only 2% inflation, 500 years is enough for 1 spirit stone to rise from 1,000 spirit stone coins to 1,600,000 spirit stone coins. This credit currency is not a tool for taxation, distribution and plunder, but a textbook credit currency.

I think the cultivation system of this book is quite good. In order to prolong life and increase the force that can defeat opponents, monks practice cultivation. Even if they have reached a certain level, they are bound by the law of heaven. They cannot slaughter cities and destroy families and species, because they will be punished by heaven and become obsessed, and the opponent will also capture you in order to gain merit. Among them, merit can increase the speed of practice. Correspondingly, people on earth engage in business for the sake of living standards. Once they have money, they will be subject to legal restrictions and cannot do whatever they want. However, some things can be settled with money, and everyone understands it, as long as it is not murder and arson. The logic of the book is basically self-consistent. As a web text, being self-consistent in logic is already a very high evaluation. What's more, it also involves a lot of financial knowledge, so it is a very good book.

I just read this book. The concept is very interesting, but I have a question. How can we play finance in a world where force is concentrated on itself? The strongest person can completely ignore the rules, do not need to make any compromises, and is not afraid of any threats. My heart is the heart of heaven, and what is yours is mine. Everyone in the world is hostile to me. I am like a breeze blowing on my face. I have the final say in my world. Anyone who refuses will be beaten to death. They are not as cowardly as the Eagle Kingdom in reality. They tease me about pandas and polar bears every day but dare not fight them.

The author of this book obviously has a relatively deep understanding of the real world, and is not the kind of people who are deceived by the media. Although he writes about the world of cultivation, the essence is closer to the real society than many novels about reality. There is often a knowing smile. Also pray for good luck to the author.

It's very interesting. It can be seen that the author has some experience in economics, finance, and management. This is the first time I have seen this kind of subject in Qidian.

The most special thing about Hai Da's books is that he writes seemingly absurd but extremely true stories in a playful manner against an imaginative background.

More than half of the book review section discusses the monetary system, so let me share my opinion. The essence of Lingshi coins is the credit currency of the central government, and it has little to do with whether it is linked to gold or Lingshi. Linking Spirit Stones is just a way to establish Spirit Stone Coin credit in the early stages and measure the value of each Spirit Stone unit. When cultivators become accustomed to using spirit stone coins, spirit stone coins will have long-term value. Reference to the real dollar, from the Bretton Woods system to the petrodollar. Once the industrial revolution occurs, the gold dollar will definitely collapse. Its reserves cannot keep up with the development of productivity, and it cannot maintain a fixed exchange ratio between gold and the US dollar. Petrodollars maintain the huge demand for U. S. Dollars through global trade settlement, thereby maintaining U. S. Dollar hegemony. The US dollar is still a credit currency. The US dollar and the RMB are both credit currencies and have complete issuance systems. The same is true for spirit stone coins. The supply of spiritual stones includes spiritual stone mines, but spiritual stones are also consumables that can assist cultivation. Therefore, the properties are similar to gold, but also somewhat like oil. The author has not described the output of the Lingshi mine, so it is difficult to say. However, the method of linking spirit stone coins to the fixed exchange ratio of spirit stones will definitely not be able to meet the actual needs in the context of the industrial revolution (rapid development of productivity) (unless the output of spirit stone mines is unlimited). In fact, the world of cultivation in this book can be regarded as a world with bursting productivity, such as: joint-stock companies, standardized processing, thesis system, and futures, these are all signs of high productivity. The spirit stone coins in this book should be credit currency. In reality, the amount of RMB issuance is generally: inflation + GDP growth. (Derivation of Fisher's formula), many of the data in this book are estimated through trading markets and other places. The RMB money supply is controlled through monetary policy. This book also discusses price or quantity monetary policy. I've forgotten the plot I watched in bits and pieces, but that's what my impression is. The author is very professional. This book is regarded as the first masterpiece in the field of "finance-macro and currency". It seems that no one in Qidian's novels has reached the author's professionalism in this field. The author's depth of thinking and analysis method in writing the story are typical of science, engineering and finance, highly rigorous and logically consistent. I guess he has deep experience in macroeconomic and monetary policy, and may have also worked as an industry analyst.

I can understand the author's desire to reorganize his career, but I feel that the financial crisis does not fit in with the world of immortality. The value of all substances in the entire world of immortality, whether they are spiritual stones, spiritual herbs, or spiritual elixirs, lies in the degree to which they improve the efficiency of a monk's cultivation. Then make small adjustments to the scarcity level. The price of an ordinary elixir for increasing cultivation speed has increased. It cannot be because the value of the spirit stone has changed. It can only be because the raw materials for the elixir have become scarce, or there are more immortal cultivators in the current area who need this elixir. But even if the material for this elixir is out of print, it is impossible for it to increase from five hundred to one thousand. There is no possibility of a financial crisis in the world of immortality, only a resource crisis. Then there will be a war for resources that affects most of the world of immortality due to resource issues.

Announcement to all book friends: The author accidentally contracted a more serious illness (more serious than influenza A) and will have to rest for about a month. Please bear with me, all book friends. Dear book friends, please pay more attention to your health after work/study. I wish all book friends always good health~

This book I read revolves around the core values ​​of socialism! I declare: I have not participated in any activities or organizations in the book

It's a bit interesting. Could it be possible to write another book called "The Third Crisis of the Cultivation Revolution: Kara and Real Estate (Spiritual Pulse)"? You can also write "Up or Down - Three Hundred Thousand Years of Merits and Demerits" "Left or Right - Public Opinion or Choice" "The Third World War of Cultivation"

After reading this book, I feel that an honest person like me, who can't speak, have interpersonal relationships, understand subtexts, and come up with troubles, can't survive at all. If you are sometimes a little arrogant or naive, and you don't know that you have offended someone, you will be tricked and killed by people like the protagonist. Sometimes I feel depressed, exhausted, and have no energy to prepare for counterattacks. When I actively deal with external information, I will also be tricked into information, targeted, slandered, wronged, blamed, PUA, kicking the ball, brushing off unspoken rules, cheating, room cleaning, online violence, domestic violence, fraud, cuckolding, bullying, bullying, waist-grabbing, castration, and burial alive.

This book is top-notch in terms of plot, setting, professional knowledge, and writing. They belong to a very small group in online novels. Anyone with a little experience can enjoy it. It's just that maybe the author's position is too high. In the past, it seemed like they were all just a bunch of people, exchanging interests. Some mappings cannot be said to be unreasonable, but they still feel too biased. Just because you haven't seen the glory of humanity doesn't mean it doesn't exist. The world is getting dirty, but there are many people who are unwilling to join in the dirty world. Without the existence of these people who are called the backbone, there would be no life like you and I have now. I will tell my child the existence of darkness, but I will not tell him that there is only darkness in the world.

Emmm, I feel like this book is just a business war text with a layer of real leather.

Your book seems a bit ahead of its time

This book is really well written, one of the few novels where the main character and supporting characters all have online IQs, and the story is also very exciting.

What is written in Chapter 575? How could it be harmonized? I'm really curious about what explosive content it contains.

Is Haida planning to close this book?

I've finished reading the whole book, but unfortunately I don't know what chapter 575 is about.

Please recommend a book similar to this one, thank you bro

Can I still join the Galaxy Book Club?