Zhao Xu listened to the threats from the Liao envoy in the palace.
I thought to myself: "Are all Liao envoys this low now?"
"Could it be said that the Yelu Yixin Rebellion killed all the talented ministers of the Liao Kingdom?"
Where does such threats come from?
At that time, Xiao Xi cited scriptures and listed the facts, and then the Lord of Liao personally ordered to mobilize the army and display it at the border.
Only through civil attack and military intimidation did he finally succeed.
Now, you want to make me submissive just by opening your mouth? Ridiculous!
But...
Zhao Xu had been looking forward to the Liao envoy coming to the palace for a long time.
He has been preparing for today for a long time.
Naturally, it was not for the pleasure of quarreling with this Yeluju.
But to dig a hole for the Liao Kingdom!
So, Zhao Xu smiled and said: "How can your country be without money?"
"If the Emperor of Daliao is willing, I can help him..."
Yeluju was stunned.
After a while, he asked: "The foreign minister is stupid, please tell me clearly..."
His heart was beating loudly.
Could it be that the emperor of the Southern Dynasties was willing to increase the annual coins?!
Even the ministers in the palace and the two palaces inside the curtain also had strange movements at this time.
The Queen Mother even wanted to stand up to stop Zhao Xu from continuing.
Children, what do you know?!
But Empress Dowager Xiang held her back and said in a low voice: "My dear, don't worry, the officials and the bride have already said... they will never cause Sheji to suffer!"
The Queen Mother then sat down.
Seeing that there was no movement in the two palaces, the ministers reluctantly kept quiet.
But someone is already ready to wipe the young master's ass.
Then the young master in the palace said: "Song and Liao made a covenant, the Song Dynasty will pay the Liao Dynasty 200,000 taels of silver and 300,000 pieces of silk every year..."
"I have received a letter from the Ministry of Household Affairs. Over the years, most of your country's silk cloth has been used in the country, and most of its silver has been used to purchase items from our dynasty. I wonder if the envoy knows this?"
Yeluju said: "The foreign minister knows a thing or two..."
Daliao not only used all the silver in the annual coins to buy it.
Most of the silver and gold it produced was used to buy it in the Southern Dynasties.
There is no way, the nobles, officials and wealthy businessmen of the five capitals all like things from the Southern Dynasty.
Even in the palace, it is better to obtain things from the Southern Dynasties.
Especially after the art of tea ordering in the Southern Dynasties became popular in the Liao Dynasty, expensive tea cups and precious top-quality tea bricks became something that everyone in the Liao Kingdom was in hot demand for.
In addition, because Daliao occupies the trade route of the Silk Road, there is a large amount of silk business done every year.
Merchants from the Western Regions preferred silk woven from the Southern Dynasties, which was another huge expense!
"What does your Majesty mean?" Yeluju asked.
Zhao Xu smiled slightly and said, "Does your envoy know that I am a Jiaozi?"
Yeluju replied: "Foreign ministers know a thing or two..."
Zhao Xu looked at him, like a fisherman on a fishing platform who saw the float turn dark, and smiled brightly.
"The country of Song and Liao brothers is now a country of brothers that is short of money, so I will help you..."
"How about this……"
"If your country is willing, I will use the money and silk that I pay to Daliao every year as the principal, and order Jiaozi to make Jiaozi for the use of your country..."
Zhao Xu turned his head and looked at Wang Cun, the Minister of Household Affairs in the palace, and asked: "Wang Qing, what is the price of silver today? What is the price of silk?"
Wang Cunchi said: "Your Majesty, the price of silver in Bianjing today is that one tael of silver is equivalent to three guans of copper... As for the price of silk, there is not much difference..."
"Good!" Zhao Xu praised, stroking his palms.
However, Yeluju felt that his brain was a little overwhelmed.
He could only ask: "The foreign minister is so stupid that I hope your Majesty will make it clear..."
Zhao Xu smiled and replied: "Your Majesty, please don't be anxious, please listen to what I have to say as an envoy..."
"The Song Dynasty paid the Liao Dynasty 200,000 taels of silver every year, which can be converted into 600,000 guan of copper coins, and 300,000 pieces of silk cloth can be converted into 900,000 guan of copper coins. Adding the two together, the total is 1.5 million guan of copper coins!"
"Does your envoy have any objections?"
Yeluju thought for a while, then looked back at Wang Shiru, who shook his head.
So he said: "Your Majesty is wise, and the foreign ministers have no objections!"
That is indeed a very fair price, it can even be said to be a lot of premium!
Because the Liao Dynasty was short of copper, even more so than the Southern Dynasty!
One and a half million copper coins are worth at least one million taels of silver in Daliao!
Zhao Xu continued to smile and look at the fish.
"Good!" He said, stroking his palms: "I will convert the money that the Song Dynasty pays to the Liao Dynasty every year into 1.5 million yuan!"
"Then, use this as the principal, and order Jiaozi to issue and produce a batch of Jiaozi..."
"Based on 50% of the principal, you can get Jiaozi three million strings!"
Everyone in Yeluju was dumbfounded.
He was panting, breathing hard, and his eyes were red.
"Your Majesty, is this true?"
Zhao Xu smiled and nodded.
The magic of finance is so wonderful!
By this time, many ministers in the palace had come to their senses.
In particular, ministers familiar with the economy such as Han Jiang, Lu Gongzhu, and Zhang Dun have all settled down.
Because they all know that when the Song Dynasty issued Jiaozi, the principal was 35%.
There is a circulation of 1.26 million Guanjiaozi every year, but the principal is actually less than 400,000 Guanjiaozi.
Now, as soon as the young master opens his mouth, he will receive five gold coins.
This is treating the Liao people like monkeys!
Yeluju was now in a state of confusion.
Three million strings!
This is three million strings!
In Daliao, it can be equivalent to the purchasing power of two million taels of silver!
The combined annual taxes of the sixteen prefectures in the Yan region are probably not that much!
So, he had already got into the eyes of money and surrendered in front of Brother Kong Fang's magic power.
Three million copper coins, and three million copper coins every year.
He knew that if this were true, everyone in the government would be crazy with joy!
And he became a great hero of Daliao.
So, Yeluju asked tremblingly: "I don't know what your Majesty plans to do?"
Zhao Xu laughed, looked at the fish that had been caught in the net, and said: "It's very simple!"
"I ordered people in Bianjing to make three million strings of Jiaozi with the money that the Song Dynasty pays you every year as the principal!"
"It is for a period of three years and will be recovered at the end of the period..."
"However, when I issue and produce Jiaozi, I will draw thirty cents for each issue and thirty cents for recycling..."
"In other words, every time Jiaozi is issued, the Song Dynasty will draw 230,000 coins..."
Yeluju's mind is now filled with things about three million Guanjiaozi.
How can we care about this small amount of 230,000 yuan?
He immediately said: "Your Majesty's wishes, foreign ministers have no objection!"
"It's just...how to use this Jiaozi?" he asked.
In Daliao, no one believed that a piece of paper could be valuable.
At least no one recognizes it now!
Zhao Xu looked at the fish that had completely bitten the hook and said, "Your Majesty, don't worry!"
"I've already thought about it..."
"This Jiaozi will be sent by me and the Emperor of Daliao to be used in border markets..."
"That's why we keep accounts!"
"In other words, if your country needs to buy goods from the Song Dynasty in the future, and the Emperor of the Liao Dynasty comes here, he can pay with Jiaozi in the market, and merchants can just come to Jiaozi to redeem them with Jiaozi!"
When Yeluju heard this, he was completely fascinated by the prospects described by Zhao Xu.
His IQ has been taken over by Brother Kong Fang.
Zhao Xu smiled and continued: "But...because your country only has a capital of 1.5 million guan, so if you pay it back every three years, your country should pay it back with the same value of 1.5 million guan."
Wealth, silk and livestock will fill the gap!"
"If we fail to make up the gap...we will use the money and silk that the Song Dynasty will pay to the Liao Dynasty in the future as a pledge!"
"However, your envoy does not need to worry about this, because if it is normal, three million strings of Jiaozi will be issued every year and redeemed once every three years..."
"It can probably guarantee an endless cycle..."
"I don't have to worry about your country paying for it!"
This means that the Liao Kingdom is not regarded as a human being!
Just fooling around!
In fact, no one can understand the magic of Zhao Xu's financial magic.
Yeluju was even more confused by Zhao Xu.
He forced himself to calm down, and then used his little remaining IQ to calculate.
I found that it was exactly as the little emperor of the Southern Dynasties said.
Jiaozi is issued once a year and redeemed once every three years.
Jiaozi issued for the first time will be redeemed in the third year, and Jiaozi issued in the second year will be redeemed in the fourth year.
It is just enough to ensure that Daliao's principal can repay Jiaozi's three million guan.
This is simply magic! It’s magic!
More than just Yeluju!
The ministers in the court now are also a little confused.
Only Han Jiang and Zhang Dun were keen to discover something.
As for the two palaces inside the curtain, they also looked at each other.
"Brother Six, how on earth did you come up with such a method?"
This is simply incredible!
The two palaces also feel that their brains are not big enough.
Well, everything is paving the way for today!
Let the Liao Kingdom like paper money, and then issue their paper money.
At the same time, it also relied on the Liao Kingdom to provide financial blood transfusion and lubrication to the Song Dynasty.
In fact, my initial idea was to use the Song Dynasty Jiaozi issuance to issue the Song and Liao trade Jiaozi with a reserve of 35%.
But then I thought about it and with my financial knowledge... gave up.
Note: In the Northern Song Dynasty, it was always less than Mo, which was 770 Wen, and sometimes it was even less than 770 Wen.
Here we use 770 Wen to calculate a consistent draw, and a consistent draw of 60 Wen, 3 million can draw 18 million Wen, which is equivalent to more than 237,000 Wen.
Note 2: The price of silver in the middle and late Northern Song Dynasty was about 2,000 wen per tael, which is equivalent to 2 guan or more than 3 guan. The price of silk cloth is also similar.
This chapter has been completed!