Only the Song Dynasty copper coins are the most stable hard currency. Because the Song Dynasty is advanced, the Song Dynasty copper coins are almost used throughout Asia. It is difficult to store silver, while gold still has a large fluctuation in value, which is not too stable. Therefore, during this period, the Song Dynasty copper coins were hard currency.

However, copper coins are of low value. If used for a large amount of long-distance cross-regional trade, in addition to the large loss, the cost of transporting copper coins alone will be very crazy.

However, despite this, copper coins are still the most popular. The rich man had to allocate assets such as gold and silver because of their large assets. However, if the common people, giving them gold and silver is a problem for them. Only the copper coins in Song State are the most stable, and they can basically buy what they want with a clear price.

Because of this, in an era when productivity was insufficient and copper production was insufficient, the deflation of the Song Dynasty was very serious. Originally, it was insufficient for circulation in the Song Dynasty, but countless caravans liked to lead the Song Dynasty copper coins to leave the country, which aggravated the deflation. So the court issued a notice banning the departure of copper coins at a very early stage, and those who exceeded the usual scale were serious crimes.

Of course, this law cannot be implemented at all and is basically inoperable. There is still a continuous stream of copper coins leaving the country.

Everyone knows that Jiaozi is paper, but they have to go through it, so that some of the best-reputable and large-scale businesses allow Jiaozi to be issued. In addition to Jiaozi, Chengdu and Shaanxi also participated in the use of a large number of iron coins together, but it is still insufficient because the iron coins were taken away by foreign businessmen and used as "american sword".

It seems that if the money is less, the money is valuable. Should it be a good thing?

In fact, objectively speaking, where does the money come from the hands of ordinary people? Since ancient times, money has been concentrated in the hands of a few rich people. Once the money is too valuable, it means that people from rich families can buy all the entire country at a very small price.

How did it reach the most serious? Bai Yutang said in person that when he was practicing swords at the beach in Guangzhou, he could buy a handful of river shrimps or a not-so-small fish with a copper coin. This is equivalent to the value of labor being suppressed to a level that is almost free, and it is difficult for ordinary people to make copper coins.

Although Guangzhou was backward during this period, it was still considered a big city. If Guangzhou was like this, it was completely conceivable that the backward mountains and wildernesses might be in exchange for goods.

To put it bluntly, it is simple. The characteristic of capital is "collecting money". What happens when they make money and the people no longer have money?

There will be cases where they do not need to produce because they cannot make money, so they will fire workers and sell equipment. This is reflected in the countless economic crises of white-skinned industrial countries in history.

So why did the white skin recover several times in the early days?

Because a natural gold mine suddenly appeared. After the wave of "San Francisco Gold Rush" started, the unemployed untreated untouchables moved their families and joined the gold rushing army. In the blood and tears, they ants gnawed the elephants and obtained some gold they owned.

Yes, it is because of the injected liquidity that "falls from the sky" that "was falling from the sky", the white-skinned economy comes back to life. Because what capitalists dislike most is that "gold appears in the world but is not in my hands."

So, the capitalists unsealed the workshop and factory buildings again and hired workers to produce them. The purpose was very simple: to earn the gold that had just appeared in your hands, and then the idea was realized.

This is probably the case. To put it bluntly, gold cannot be eaten or used, or even used in industry. The emergence of gold has not brought about productivity and innovation.

But because it is the target and the gold rush tide, some gold has been dispersed a lot in the hands of the people, allowing them to gain purchasing power. As a result, the entire white-skinned world has stumbled into Industry 2.0.

Therefore, the root cause of the economic crisis is the distribution problem. If the legal system exists correctly, it is impossible to distribute under normal circumstances. Bao Zheng's legal system strictly prohibits "frozen the bones and take away the smelly wine and meat from the rich." However, the appearance of easily obtained gold deposits is equivalent to "natural water injection", which solves the distribution problem among some humans.

Later, when productivity became more advanced, supplies were more common, and no gold deposits were easily picked up, the famous World War 2.0 officially began.

It's gone far.

Based on these situations, the Song Dynasty had a serious problem of deflation. It can be seen that as the productivity develops, the materials will increase and there is no corresponding liquidity injection, which will lead to more serious deflation.

Currency is credibility and requires the endorsement of the army. So when the Hehuang battle is now winning, Wang Yun was thinking about taking the opportunity to solve the problem of liquidity.

Another way is to manage the Japanese island and use a large amount of industrial materials to offset them in exchange for their inexhaustible silver to inject liquidity into the Song Dynasty (this is also equivalent to starting a printing machine to print money, and the cost is higher than direct printing).

But although this route is safe, it means that it takes a long way to go and wastes some productivity.

The scale of silver on the island of Japan may be able to solve the problem of the agricultural country, but Wang Yun believes that with the size of the Song Dynasty, once it enters the process of industrial country, that little silver is just a drop in the bucket and can only be used as an excessive amount, and it will definitely return to the banknotes in the end.

Then the Song Dynasty advanced in these places, and the initial form of paper money had already existed.

The so-called paper currency is technically the liabilities of the central bank to the people. It will have a strict set of asset-liability logic and be expressed in the form of a table.

Then Jiaozi issued by several major merchants in the Song Dynasty, that is, the "bonds" issued to the public after the merchants endorse their own assets and reputation. When this balance sheet is unbalanced, it is time for problems.

In fact, history proved that in the Song Dynasty, the ideas were astonishingly advanced, but the supervision and operation of this were relatively poor, which ultimately led to Jiaozi's failure.

Therefore, Wang Yun's idea is to integrate the Jiaozi issuance qualifications of all businesses in the future, and to regulate them uniformly, and to double endorse them in the "shareholding" situation, combined with state-owned assets and private assets, and then issue a unified "Song Jiaozi".

This is theoretically feasible, not only equilibrium of interests, but also gathers all assets and credibility. In fact, such a giant institution is not unfamiliar with it. There is a similar thing in later generations called the Federal Reserve.

With this under the sun, the soil of Song Dynasty seems to be the most suitable for this. In other words, in the future issuers of "Song Jiaozi", like the thiefs in later generations, Ye Qinghua and others will also become "shareholders of the Song Knife's issuance rights."

Dalian also has two licenses, so he can also become one of the giants and has a greater say.

The theoretical basis is that Song Jiaozi is a liability to the people of the world and needs corresponding assets and reputation as collateral. Ye Qinghua, Cao Ji, Wang Yun and others have a huge asset scale. This type of shark also has the strongest connections and influence among the pill parties in various countries. Therefore, if the assets of these transnational big profiteers are merged into the coordination, Song Jiaozi will of course have the strongest reputation and persuasion.

Without revolution, in the Song Dynasty, things that others already have cannot be taken away. This is a red line.

Therefore, those big businesses cannot take away the financial licenses they already have, because after years of operation, the bondage is too deep, and basically the situation of collapse and cracking is the situation. Once there is a problem, the wealth of hundreds of millions of people will be reduced to the government's bottom line.

We cannot continue to let them show their magical powers when the supervision is insufficient, and continue to act independently to mess up financial policies. Then we can only concentrate on the shareholding system, which is the initial form of the "Song of Song Dynasty Joint Financial Reserves Committee" in the Dalian Ideological Model.

Unless they are killed, they must unite them and they can continue to walk. The state-owned assets are almost sold at a low price by those guys, so now the government's own voices are worse than those of those business names, and even the government itself does not want it.

Take the Ministry of Revenue as an example. When collecting taxes and posting procedures, they only collect coal Bank of Communications, Agricultural Bank of Communications and Ye Qinghua's Jiaozi, and do not want anything else. The Ministry of Revenue in Chengdu Fu Road, Shaanxi and other places do not recognize it. They directly require hard currency such as grain or copper coins due to crazy transportation costs.

Well, it's getting far.

At the scene, Wang Rong gave Jiaozi to Xiaowu. After counting the "Certificate of Deposit" of the gold he sent, Xiaowu accepted it and then left the handsome account.

Wang Rong sighed and murmured: "Blind felt is not a stick, but unfortunately his existence will be unfavorable to the interests of our Song Dynasty in Hehuang in the future. So success and failure are Xiao He, Xiao He, and I will never appoint him to send troops on behalf of Qingtang this time."

Mu Guiying couldn't help but be stunned. Di Yong praised the guerrillas in the southern area. At that time, he was quite a soldier and brave and resourceful.

Wang Rong smiled slightly: "I know what the aunt is thinking. First of all, these boxes of gold are intriguing, which reminds me of the guerrillas that robbed the people in the southern district at that time. Those gold was indeed Qingtang, and after being robbed by the Xixia people, Zhuo Luolan used it to buy the food in the hands of the people at a high price. In the end, there was no way out. The guerrillas in the southern district robbed the food and gold in the hands of the people. Given that such problems were common in the southern district at that time, even Di Yong did not know that it was organized. Di Yong thought it was spontaneous."

Wang Rong said again: "Secondly, it can be seen that the blind sneered at our Song Dynasty Jiaozi and did not care at all."

Mu Guiying said: "You are afraid you are thinking too much. He took his kid and smiled very much."

Wang Rong shook his head and said, "This is the problem. He was eager to bring the army to perform his merits and bribe me two boxes of gold. In this case, if I give him a gift, theoretically he would never accept it. So I gave him a few pieces of Jiaozi, and he accepted it because he didn't believe in that thing at all. He thought it was just a few pieces of paper, which was too far from his real gold and silver, so he would accept it. If he trusted Jiaozi's value, he would not accept it to death."

Mu Guiying couldn't help but be stunned.

Wang Rong said: "It is undeniable that Jiaozi is really paper. But in fact, the whole world is based on confidence and trust. Distrust Jiaozi means distrust me. Since he does not trust me and does not say he has a grudge against him, I will not hand over the future of Qingtang and Song Dynasty to such a person. In this case, the more he can fight, the higher his prestige in Qingtang's army, the more unfavorable it will be to the future Song Dynasty. This is politics."

Mu Guiying took a deep breath and said, "You will indeed... live a hundred years old."

Wang Rong said: "You scolded me again."

Mu Guiying raised her hand and touched his head: "You jumped again after getting better, so take the medicine and go to bed."

However, it is not possible. The blind wu is right. As the saying goes, soldiers are more powerful and should be deployed. Wang Yun had to force himself to cheer up and summon Qingyi Jiegui Zhang and Dong wu.

After the person came in, Qingyi made a ghost chapter and said, "What's the matter if your husband summoned me?"

Wang Yun looked sick and took out a picture of Jiaozi, and Mu Guiying handed it over to Qingyi Ghost Mark.

Wang Rong said: "Do you trust this thing? Answer me simply."

Qingyi Jiegui Zhang looked at it and scratched his head, and said a few words to Dong Wen in local dialect, then smiled silly: "We don't trust paper, but we trust you and Song State."

Wang Rong and Mu Guiying looked at each other and saw Wang Rong nodding slightly. So Mu Guiying said in the following words: "My husband is not in good spirits. I will simply say that you have backbone and have never wanted my Song Dynasty assistance, but if you don't have assistance, you will not be able to fight a counterattack. Given the limitations of the "Detailed Rules for the Volunteer Army to Send Army", our volunteer army does not have the authorization to enter the territory of Xixia, so the counterattack from now on must be completed by your Qingtang's own strength."

After a pause, Mu Guiying continued: "No need to provide assistance. You need to buy what you need from the Song Shang to the shore."

There is no problem in fighting, but Dong Wen and Qingyi's ghost-making seal became difficult and said together: "Originally, my Qingtang is rich, but my wealth will be snatched and destroyed by the Xixia people. For the time being..."

Mu Guiying interrupted: "Qingtang horses are also useful. Now my husband plans to expand the bilateral Qingtang horse trade. According to the original price, my volunteer army ordered a batch of war horses in advance, allowing you to deliver them gradually within three years, but the money can be paid to you now, and then you can buy the materials needed to send troops from the Song merchants themselves."

Dong Wen and Qingyi got together and couldn't help but lick their mouths. If this were the case, the conditions would be great.

So it was done in one beat.

Even if the payment for this order was a pile of colorful papers given by Wang Rong, I was very happy. As they said, they didn't know what it was, but they trusted Wang Rong. They would trust them at least once...8)
Chapter completed!