Chapter 111: Excessive printing of treasure banknotes is sucking the blood of the people!
There is a saying that money touches people's hearts.
There are no external constraints, it is all based on credibility and ancestral graves.
The boss behind Jiaozi Bank did not take away the money and run away during the peak period of the bank.
It is already a moral model in the feudal period.
After hearing the development history of Jiaozi, Zhu Fang couldn't help but frowned.
"Sir, since the value of Jiaozi currency will also decline, then why do we, the Ming Dynasty, need to make any reserves for treasure banknotes."
"It's better to wait for it to continue to depreciate and eventually return to gold, silver and copper coins... Ouch, sir, why are you hitting me?"
Before Zhu Xi could finish his words, Lin Che slapped her hard on the head.
Lin Che laughed angrily at this poorly presented product.
"Fortunately, you kid is not the emperor of the Ming Dynasty, otherwise the people would have suffered a lot!"
Zhu Ming's blank expression suddenly turned ugly after hearing the second half of the sentence.
I don't know where the people in the imperial edict are listening, so I can't just say this casually.
Zhu Xi has learned from his previous experience and is much more honest.
He hurriedly asked: "Where did we make a mistake? Sir, please give me some advice!"
"Even you think that precious money depreciates too fast!"
"Don't you think life will become more and more difficult for those people who work hard and earn one or two dollars a year?"
Lin Che sneered and asked Zhu Ping.
No matter what era, ordinary people will not spend their money carelessly.
Instead, they will be saved for future big events or emergencies.
However, the value of treasure notes continues to fall.
The part of the wealth that disappeared went into the pockets of the imperial court.
Most of the people who suffered losses could only admit that they were unlucky.
After being educated by Lin Che, Zhu Xi knew that his previous idea was ill-considered.
But he still asked puzzledly:
"But...but the current trend of depreciation of treasure banknotes cannot be stopped."
"Sir, even if the court wants to stabilize the currency value, it can't provide that much deposit!"
Lin Che understood Zhu Xi's true thoughts.
The anger in my heart disappeared a lot for a while.
At least this guy doesn't treat ordinary people like leeks.
It was because the imperial court had no money that it came up with the idea of allowing the depreciation of treasure notes.
However, Lin Che still snorted and said:
"Without a reserve fund to ensure the value of treasure banknotes, we are just plundering the hard-earned money that ordinary people have earned with their lives!"
"Furthermore, do you think that when the imperial court issued treasure banknotes, it really did not prepare equivalent reserves?"
Zhu Xiang was completely confused.
He is the prince of the Ming Dynasty. How can he not know whether he has a reserve for his own treasure? Lin Che did not beat around the bush.
He quickly explained to himself: "Today's Emperor Hongwu, the initial reserve for the imperial court's treasure banknotes was based on Emperor Hongwu's personal prestige and credibility."
"With the issuance of treasure banknotes, the reserve of treasure banknotes is the people's trust in the imperial court, and it is the foundation of our Ming Dynasty!"
At this point, Lin Che suddenly smiled inexplicably.
"Do you think that when the treasure banknotes depreciate to the point that they cannot be circulated?"
"Is the loss of the Ming Dynasty just a tool for making money at no cost?"
At this time, Zhu Xi finally realized the serious consequences of the treasure money problem.
Those who win the hearts of the people win the world!
With this sentence, Zhu Xi has been enlightened since he was a child until now.
I have heard it said countless times by my father and the great scholars in the university.
It was precisely because of the expulsion of the Mongolian and Yuan Tatar slaves that my father restored the Han Dynasty in China.
Therefore, the world returned to its center and sat on the throne of the Ninth Five-Year Plan.
On the contrary, if you lose the support of the people.
It may be difficult for Lao Zhu’s family to secure its position in Jiangshan Sheji!
Zhu Ming's face was solemn.
There is such a big crisis lurking inside.
then.
Zhu Xi bowed to Lin Che again and asked for advice: "Please teach me how to prevent the depreciation of treasure banknotes."
"This is about how to issue treasure banknotes!"
Lin Che didn't have the slightest idea of hiding anything because of Zhu Xi's wrong thoughts.
He got straight to the point and pointed out the third issue regarding Baoqian:
"Due to the irregular design of the banknote system, the emperor could print as many coins as he wanted."
"When it is used to reward ministers or to provide relief to the people, the amount can be whatever you want."
"In just the sixth year of Hongwu, Emperor Hongwu rewarded his ministers with 7000 million yuan of treasure notes, but the tax revenue of the court that year was only about 3000 million."
All I can say is that luckily Daming’s plate is big enough.
Although the development of industry and commerce was not as good as that of the Song Dynasty, the economy was still prosperous in the past dynasties.
otherwise.
These 7000 million banknotes flowed into the market.
In any small country, prices would have skyrocketed.
"I understand, sir. If I have the opportunity in the future, I will definitely...let my father advise the current emperor on this matter!"
"From now on, the amount of treasure banknotes issued must be strictly controlled!"
After Zhu Ping heard this, he planned to report the incident immediately when he saw his father and empress to show his vigilance.
"The problem with treasure money goes beyond that."
Lin Che signaled to Zhu Xi not to get excited yet.
Then he slowly said the last question that affects the value of the treasure.
"Do you think that all the treasures in the world are printed by the imperial court?"
"what?"
Zhu Xi was suddenly shocked.
Then he said angrily:
"Sir, do you think there are still people in the Ming Dynasty who secretly print treasure money? Aren't they afraid that the nine tribes will be exterminated?"
It's not okay to steal money from the court!
Never allow it!
Zhu Ming felt that this was a big deal. If he caught someone who printed treasure money privately, he would have to exterminate all nine of his clans as a warning to others.
"Don't just kill someone."
"The current emperor has not wiped out all the corrupt officials in the world, how can you kill all the counterfeit money dealers in the world?"
Lin Che glanced at the other party.
The correct answer was given directly.
“To solve the problem of counterfeiting of treasure banknotes, the most important thing is to improve anti-counterfeiting methods.”
"For example, use special paper and ink, and then add watermarks on the banknotes that even illiterate people can identify as authentic, as well as concave and convex dark patterns, security codes, etc., use everything you can!"
“Only by significantly increasing the production cost of treasure banknotes, and supplementing it with strict laws, can the occurrence of counterfeit treasure banknotes be reduced!”
The way to curb counterfeit currency in later generations is to increase the production cost of genuine currency.
Then control the raw materials.
The number of counterfeit coins is always controlled within an acceptable range.
Although it is still impossible to prevent the emergence of counterfeit banknotes.
But for Ming Dynasty in the feudal period.
This method is enough.
"I have memorized all of Sir's teachings!"
After Zhu Ping listened to Lin Che's talk about anti-counterfeiting methods and techniques for detecting counterfeit banknotes.
He saluted seriously.
Lin Che smiled nonchalantly.
"There is still a fundamental problem that cannot be solved, and Baochao will inevitably end up with continued inflation."
"Any questions?"
Zhu Xiren was numb.
Of the previous four major problems, Lin Che gave solutions to three of them.
Zhu Xi still felt a little unsure of where to start.
Now I heard that Baochao still has a big fundamental problem.
He wanted to show off and persuaded his father to take the initiative to detonate the treasure banknote.
(End of this chapter)