The outside of the Song Dynasty was blocked, isolated from the Liao Kingdom, and even blocked by the Great Xia on the sea. Zhao Xu thought that the Western Xia had been too far ahead of the sea.

However, as soon as I first inquired about the situation, I gave up the idea of ​​confrontation.

Several shipyards in the Song Dynasty had been plundered by the Daxia Navy. Not only did they ask all the personnel to plunder, but they also set off a few fires to clean them. Of course, this statement was a report from the supervisor, and there were still many suspicious points in it.

If it was looting, it would be impossible for several large shipyards to be looted clean, without even a single survivor, and even the families of the shipbuilders were looted. How could this be possible?

In fact, it is not that there are no ships at all. The sea merchants in Jiangnan have ships, but according to reports, the sea merchants in Jiangnan have been lagging behind one or two generations. Now the ships of the Ocean Group are divided into warships and merchant ships. The construction of warships is thicker, and there are other special features.

Even if an ordinary merchant ship is larger than a warship, it cannot beat a warship if it really fights.

Most of the ships of Jiangnan merchants are merchant ships, and their draft is not as good as those of the Daxia Navy's warships. Even if they are transformed into warships, they are probably vulnerable.

Zhao Xu wanted to form a navy. After all, it was different whether he was strong or not. He had to solve the problem first.

However, as soon as the economic crisis broke out within the Song Dynasty, Zhao Xu's plan could only be stranded.

The economic crisis did not break out suddenly. In fact, there were many signs in it, but no one realized it. When it broke out, Zhao Xu and others realized how terrible the economic crisis was.

In the summer of the fourth year of Yuanfeng and one year after the Song Dynasty moved its capital to Hangzhou, a large-scale war broke out between the Xia Kingdom and the Liao Kingdom, the neighbors in the north. The Song Kingdom, which should have been to watch the show, or participated in the war, had an unprecedented depression.

The impact of this Great Depression was extremely far-reaching, but at this time the monarchs and ministers of the Song Dynasty could only look at each other. They had no idea why, and knew that someone saw Ouyang Bian's prediction of the economic crisis in Ouyang Bian's works.

Of course, the so-called person is actually Zhao Xu.

Now Ouyang Bian's works are banned in the Song Dynasty, and all traces of Ouyang Bian have been erased. Even if Ouyang Bian's name appears, most of them are not very good descriptions.

Therefore, except for some books that some people secretly collected, Ouyang Bian's works have disappeared on the market, and only Zhao Xu has hidden some of them himself.

When the Great Depression broke out, the entire market was full of sorrow. It was obvious that everyone had money, and the treasury of the Song Dynasty was full of money and grain. The landlords had a warehouse of grain, and there were huge amounts of money on the books. The grain in the ground bent the rhizomes, the meat of livestock was tight and full, and the products produced by each factory were still exquisite and rich. However, whether it was food, livestock, or products, they suddenly couldn't be sold!

But what is strange is that people find that the products cannot be sold, and the money in their hands is becoming less and less valuable, and the prices are the same every day, so the poor cannot afford to buy things and cannot sell things.

The outbreak of the Great Depression actually started with the return of shares of the Shiyisi. Zeng Bu was instructed by Zhao Xu to make trouble and return the shares occupied by the Shiyisi to the original merchants, but the original merchants no longer believed it. They immediately took out the shares they took out for sale. Once the seized deposits and other things were released, the merchants immediately went to the bank to exchange them. They would rather bury the money in the yard than deposit them in the bank.

Therefore, the Agricultural Bank of China, which was renamed Dasong Bank, was immediately run by merchants from all over the country and went bankrupt. Zhao Xu saw something was wrong and quickly asked the central bank to intervene. Unexpectedly, it caused a larger bank run, and even the central bank could not withstand it.

Zhao Xu saw it very much and quickly asked the Ministry of Revenue to take the treasury to save the two major state-owned banks, but they did not expect how terrible it would become when everyone lost their confidence.

They ignored the persuasion of court officials and insisted on bringing out all their deposits, so the central bank could no longer bear it and could only announce the suspension of acceptance.

So a larger depression began.

Workers began to lose their jobs, and farmers themselves were exploited by numerous taxes and taxes, and they had no consumption capacity and consumers had no consumption capacity. As a result, most of the products began to be unsold and factories began to go bankrupt on a large scale.

Zhao Xu found that commercial taxes could not be raised and could only collect some agricultural taxes, but how much does agricultural tax cost?

So in the first quarter, the Ministry of Revenue concluded that even one tenth of the previous one was gone. It is expected that in the next few quarters, even one tenth of the same period may not be able to be kept.

Under such circumstances, it was impossible for Zhao Xu to build a navy, and it was difficult for him to build a powerful army to fight against Xixia.

Therefore, Zhao Xu had no choice but to give up the idea of ​​building a navy.

But this is a vicious cycle. If the Song Dynasty could not break the sea blockade, then the Song Dynasty's products could not be exported, and the economy would always be difficult to improve. Without commercial taxation, the Song Dynasty would always be difficult to become stronger. This is a closed loop.

When Xixia is freed up, or if the Liao Kingdom defeats Xixia, it will be the end of the Song Dynasty.

So the Song Dynasty, let alone participating in the war, was unable to even protect itself, and could only solve internal problems first.

So Xixia only needed to consider the issue of war with the Liao Kingdom.

In fact, for Wang Shao, he really would not consider whether there would be a war with the Song Dynasty.

It’s not that Wang Shao looked down on the Song Dynasty. Although there was this reason, the reason why Wang Shao didn’t consider it was because of his trust in Ouyang Bian.

First of all, based on Wang Shao's understanding of Ouyang Bian, since Ouyang Bian has made himself concentrate on dealing with the Liao Kingdom, he must have made comprehensive considerations and no longer needs to worry about it.

Secondly, even if the Song Dynasty really launched a war against the Great Xia, Di Hu alone would be enough to deal with it, let alone the Yi was ready to support him near Bianjing.

Therefore, Wang Shao really focused on fighting against Liao.

In fact, you can't be distracted.

This war between Daxia and Liao Kingdom was related to the national destiny of Daxia.

The Great Xia drove the Song Dynasty south of the Huai River to initially achieve a strategy against Song. To form an active defense against Liao, we must focus on taking over the land of Yanyun.

Daxia had already taken over the area north of the Huai River, so it had a strategic initiative against the Song Dynasty. If it wanted to complete its strategic initiative against the Liao Kingdom, it would have to take over the Yanyun area. Once the Yanyun area was taken over, Daxia could advance, attack, retreat and defend against both Song and Liao countries. With His Majesty's management ability, in less than ten years, even if Song and Liao joined forces to deal with Daxia, it would be useless.
Chapter completed!