Chapter 1015: Extra: You said this, I will not be sleepy

After all, Liu Bei was an ancient man, and he didn't have that much financial knowledge and was not good at mathematics.

It was really a bit of brain to understand Li Su's idea of ​​precious metal control. In the end, I finally understood the main idea:

Anyway, the country will try its best to control the real gold stock and at the same time absolutely control the newly mined gold mines. In this way, after creating physical scarcity in society, it will definitely stabilize the price comparison between gold and silver and 10 to 20.

Of course, in this process, because gold is officially raised, the current stock holders on the market will actually increase their wealth and enjoy the benefits of targeted water injection to a certain extent, while poor people will temporarily bear the disadvantages of inflation.

But there is no way to do this, and it is impossible to completely avoid it. It is only Li Su who can try to relieve it as much as possible and eliminate the pain in the process.

This principle is easy to understand: ordinary poor people definitely have no gold in their families. The ones who had stored gold in their houses before were either powerful families or rewards received by the marquis from the court.

If gold is valuable and overflow occurs, the money supply will increase, and the purchasing power of copper coins and silver will definitely drop slightly in a short period of time. Isn’t this equivalent to inflation of future generations? It’s just that this is a little more controllable, and this will not happen again in the future.

But even this time, Li Su thought about the measures to avoid disturbing the people, that is, before the formal implementation of the currency reform, the court will come forward this year and next year, and officially increase the government purchase price of gold once and absorb some of the gold on the market.

That is, to ensure that when currency reform, control the circulation on the market.

Since Emperor Wu of Han, for three hundred years, the price comparison between gold and copper coins in the Han Dynasty has always been between one tael of gold and ten thousand coins. The black market has gradually risen to between 16,000 and 17,000.

Liu Bei should first show the benevolent government: the court knew that there was a huge price difference, and when the court issued rewards, they generally used this unspoken rule of the price dual-track system to exploit heroes.

But that was the old almanac of the past when Emperor Huan Linghuai, the world was in chaos, the world was in chaos, and the finances collapsed!

If it has been completely unified today for more than fifteen years, Your Majesty Zhang Wu will implement a kind and virtuous policy to solve this problem once and for all!

Liu Bei will not say that he will change the currency system this year, but will only say that he will change the method of rewarding meritorious officials: the original unspoken rule of "rewarding gold in name, but actually giving 10,000 times the amount of copper coins" will be completely abolished from today! In the future, if you say that you will really reward gold!

This reform that explores the way first is definitely 100% supported, because all the heroes and those who have the opportunity to be rewarded by the court will benefit from it. This is a "reform that no one is harmed."

Who would object to the great benevolent politics of "if you give you a year-end bonus, you will get 60% more", unless you have a good mind.

If you have to say one person who is injured, that is, Liu Bei himself was injured and the royal treasury was injured. The rewards during the implementation of the new law should be paid 60% more.

Fortunately, this window period is only two years, and if you want to take it, you must give it first. Before, you have been recuperating for many years, and the treasury and treasury have finally accumulated, so you can hold on to this window period.

After Liu Bei began to "realize a golden reward", the next step of fangs would be very reasonable, and the surface of humans and animals would be exposed harmlessly.

The court could announce at the appropriate time, "Because the real gold reward was issued, the gold outflow increased, and after finding that some recipients received gold, they sold a large number of copper coins and silver on the market at the black market price, resulting in a tightening of copper and silver.

Therefore, the court was willing to take out the national treasury copper coins reserves and repurchase private gold at a price of 18,000 yuan to one, and inject the liquidity of copper coins."

As mentioned earlier, for hundreds of years, the black market price has gradually stabilized between 16,000 and 17,000 yuan, and exchanged for one gold. Now the official gives a temporary price of 18,000 yuan to repurchase gold and releases copper coins. Those who sell gold will definitely have a profit, with about 6 to 7% arbitrage space, and someone will definitely do this business.

When the imperial court sent out hundreds of billions of copper coins and exchanged them for hundreds of thousands of gold, the previous gold stock on the market had basically shrunk a considerable amount of it.

At that time, the currency reform will be officially carried out after the two-year period expires, and it will be much less gold that can benefit from inflation.

It is equivalent to the fact that during the gold price increase, there was originally a total arbitrage space of 20%. The court first released bait to give the powerful families six to seven points. When the net was closed, the remaining thirteen or fourteen points would be returned to the court.

The court did not have this little money, but was mainly afraid of inflation and rising prices.

The benefits of creating currency appreciation out of thin air are 30% of the accounts, and 70% of them belong to the court.

Of course, among the remaining 30%, those who benefit from insider trading are definitely inevitable.

For example, people like Li Su and Zhuge Liang are policy makers. They know that gold will rise to 20,000 yuan in the future, so during the two-year window period, when the imperial court collects gold for 18,000 yuan, they will definitely not sell it.

For such a big thing, there must be several policy makers. Li Su and Zhuge Liang can "not rush to buy gold before the price rises" and not spread news, so he will be very conscientious and honest.

If such a thing is put into place after the 20th century, it will certainly be considered a "insider trading crime". But who made it the third century now? This is a last resort.

After thinking about how to smoothly transition gold prices, Liu Bei basically had no objection to this reform.

However, he still considered some questions from a simple and practical perspective. When Li Su had imagined that the gold certificates had a year of casting and numbered, and had to be endorsed when circulating, and were "inherited in an orderly manner."

But if this thing goes by over time, even if it is less circulation, the memorization will definitely be longer and longer. In the end, it will probably be like the "antique calligraphy and paintings" in later generations. The suffix and inscriptions and inscriptions and inscriptions that are dragged out are many times longer than the main text, so it will definitely be inconvenient to use.

(Note: Those who have never played antique calligraphy and paintings may be unfamiliar with them. The calligraphy and paintings require orderly inheritance to prove that they are authentic. A calligraphy and paintings from the Tang Dynasty often dragged a long way to show who collected it during the Tang Dynasty, who collected it later in the Song Dynasty, and the Yuan, Ming and Qing dynasties... until modern times. When encountering a certain generation of collectors, they are a barrage madman, and the suffix growth rate will skyrocket)

Li Su was just thinking about the theory before, after all, he had not implemented the practice. These details that needed to be understood after stress tests are indeed easy for bystanders to see clearly.

So Li Su was also very modest and quickly said that what Your Majesty saw was very clear and that this matter could be solved by a small system patch.

For example, a one-year period or three-year period will be approved in the future, and the specific time can be determined. At the end of the year, the Ministry of Finance presided over the "Paper Gold Change" in Beijing.

In the past three years, if some paper gold has been repeatedly traded and the endorsement suffix has been delayed for a long time, then take the endorsement and previous transaction contracts to change the registration at the Ministry of Finance.

Or if the contract is gone, then contact the payer himself or the authorized representative of the payer's seal and go to the Finance Department to change the registration.

This is all a trivial matter. The banking system in later generations is so developed and the anti-counterfeiting protection system for promissory bills is so perfect. Li Su can learn from a few things and discuss it with Zhuge Liang and Liu Ba.

After the "change registration", the paper gold can be removed from the endorsement of the intermediate links, the court will take back the old coupons and destroy them, and reissue the paper gold with the new rights holder as the holder.

In this way, Luoyang is expected to become the "financial center" of the world in the future. After all, the gold law on the land of the Han Dynasty cannot be directly circulated and is controlled by the government, and entities all exist in the treasury.

The Luoyang Vault will be equivalent to the Federal Reserve's vault in the future. Others have gold in name, but in fact they just took a certificate, and the entities are all placed in the Luoyang Vault.

In this way, once someone encounters a rebellion, or someone is guilty of committing rebellion. Even if the rebels have raised paper gold before, the actual item is in Luoyang, and then a decree is issued to the world, and the paper gold from certain nodes to certain nodes will be invalidated, and the rebels will be confiscated.

Of course, it is still possible to accidentally hurt in this process. Because the laws of the era of imperial centralization did not exist in the terms of "protecting transaction security and not fighting against a good-willed third party."

If the thief used the paper gold to buy things and spent it in the time difference before the edict declared that the paper gold was invalid, the innocent businessman who accepted the money would definitely suffer losses.

In this regard, the empire's guarantee of "private property is sacred and inviolable" is definitely not as good as the regime established in later generations after the asset level in the 18th century.

But with the social environment of the third century, not many people think this is unreasonable, because under the imperial environment, merchants are a complete enemy of capital when doing business with a future thief.

It is already very kind to just invalidate the money received by the merchant in this transaction and stop pursuing anything else. The merchant should reflect on his bad eyes and actually do business with a potential thief.

The potential is because when it is possible that when doing business, the other party is not a thief, and there is a time difference. In this case, it is "only letting the money be invalidated without any rest". If you know that the other party is already a thief and still doing business with it, then you must be in the enemy and will be punished directly.

...

After understanding these details, Liu Bei's determination to implement this reform was almost certain.

Then he realized: What does this matter have to do with him recently taking all officials to inspect the gold and copper fleets that he returned from Fusang, and wasting the subsequent payment of the bill to Fusang for a trip.

Liu Bei never talks to Li Su, so he throws out the doubts directly.

Li Su smiled calmly and explained: "Your Majesty, in the future, we will implement this currency reform so that everyone can believe that "paper gold" is not over-issued. What is a key source of confidence? Isn't it just to make everyone believe that "the court has sufficient and continuous gold productivity."

The establishment of this credibility depends on the marquises who have made contributions and been awarded the title of the richest family in the world. We must first believe it. The representatives of these people are now among His Majesty’s ministers. His Majesty praised the rich in front of them, and their national strength is booming, so that they will not be able to run away in the future."

Liu Bei was stunned and finally came to his senses.

Didn’t the new “family families, marquises and nobles” of the Han Dynasty emerge from his current heroes of the Revival and the interests behind them?

The information circulation in this era is not very smooth. After all, it is up to well-informed people. Those who have "someone above" have passed on word of mouth and spread inside information.

To make the aristocratic families in the world believe that the court has enough sustained gold production capacity to maintain and implement currency reform for a long time, the best way is to let their representatives actively spread it.

Outsiders may not believe it if one or two said this, but hundreds of senior officials said it, and they had seen it with their own eyes to inspect it. Moreover, the statements between these people were not contradictory, so the wealthy and business families of the outsiders gradually believed it.

This is a simple truth for three people to become tigers.

After Liu Bei understood this truth, he immediately stopped getting trapped: as a benevolent king, he still felt morally guilty about "showing off his wealth".

Now I know that it is not easy to show off my wealth to the sake of stability in the world, to shock the unjust officials and to make the people in the world more confident in the financial credit of the court!

I can’t do anything else, show off my wealth in a fancy way, and I’ll do it if I’m going to commit suicide.

...

That afternoon, Liu Bei took all the officials to board the boat that was driven back from Fusang, and asked the captain of the Mi family to open all the cabins for everyone to open their eyes and see them at will.

In the inspection team, many officials were unable to let go at first, thinking that the emperor was interested in taking them to do it in such a situation where money counting is the point of taking them. They couldn't see it, and they were worried for nothing, and they couldn't show a greedy look.

But soon, under Liu Bei's true acting skills of greed and lustfulness, they gradually let go. Because Liu Bei also scolded a few guys who could not let go and pretended to be noble and did not love money.

"A gentleman loves money and gets it well! What's wrong with loving money? Work hard on business, or strive to earn meritorious rewards. Let's take a look carefully. I decided that from this year, the court's bounties will no longer be converted into copper coins, and they will be really given gold! All the previous bad rules are banned!"

Liu Bei struck while the iron was hot and verbally took the first step of the plan he discussed with Li Su, and first came out.

As expected, all the officials followed the emperor cheered and praised the emperor's wiseness.

In the following days, until late April, such scenes were repeated in Juzhang and other places. Li Su even sent a patrol scout fleet to intercept and say hello,

All fleets that transport gold, silver and copper are required to transport gold, silver and copper, even if the ships were originally smaller, and they did not need to change in the inland river boats in Juzhang, and could directly enter the Yangtze River estuary and go to the Huai River by going to Hangou or Feishui. Now they have changed to Juzhang to change boats in advance.

Therefore, at the port of Juzhang, Liu Bei could open his eyes with all the officials. After a few days, everyone was shocked from the beginning and gradually became numb.

In just a few days, I have seen so many hard goods that can be minted by Fusang and the traveling Han. It’s really a blessing for the great man.

During this process, Li Su also took action to counterattack and adjusted his deployment according to the actual situation.

He realized that it would be fine to stockpile all gold in Luoyang in the future. But it would be difficult to gather in Luoyang as soon as he started.

On the other hand, merchants all over the world have all the changes in paper gold bills, endorsement and certificate exchange, and if they have to go to Luoyang, the transportation cost is too huge. Even if the wealthy businessmen leave a dedicated person in Luoyang to handle financial exchanges, there is still a problem with communication.

Therefore, he suggested that Liu Bei fine-tune the initial design, and in the future, he could set up a branch in Juzhang County at the south of the Yangtze River Estuary, Yishui in the north and Tianjin County outside the Yellow River Estuary.

Since an institution is established, we should try our best to integrate the powers to avoid being wasted.

These two places are called "Southern Customs Administration/Northern Customs Administration". The jurisdiction is bounded by the Huai River, and the yamen has three types of functions.

The first is to manage the maritime trade entering the Yangtze River and the Yellow River Basins separately, and be responsible for collecting tariffs. Any ships leaving the sea from the mouth of the Yangtze River and returning from overseas will be verified and paid taxes in accordance with the law.

The second is to undertake the work equivalent to future foreign exchange management and precious metal control. When the Customs Administration checks merchant ships, it is necessary to make sure that precious metal declarations must be submitted to the state for unified management and issue paper gold to the actual owner.

The gold obtained from mining overseas is not only used for civil use by jewelry, but is not allowed to be kept privately in the form of ingots, gold ingots and other currencies. (Of course, after the law is introduced, there will definitely be a wealthy businessman who will wear dozens of gold bracelets or thick necklaces when returning to China. There is no way, and the limitations of the times cannot be too strict)

Third, it is possible to have the function of a financial registration institution. For merchants in the south and the north, bulk trade uses paper gold, and the endorsement has been delayed for a long time. They are unwilling to send someone to Luoyang to change the registration, so they can register in Juzhang and Tianjin.

Ju Zhang and Tianjin’s Customs Administration will seal the local registration books this year at the end of the year, stamp them with lacquer seals, and then hand them over to Luoyang for filing. In this way, all the wealthy businessmen who used paper gold ran around, and the court helped to run errands and synchronize information.

It is equivalent to the triple functions of customs, precious metals and foreign exchange management, and exchange bank.

Finally, in order to ensure that the power can be implemented, we must also guarantee it by force.

Therefore, the existing Han Navy took advantage of the Taiping Navy's lack of war to fight, and two elite troops were divided into two groups, and the Beiyang Anti-smuggling Fleet and the Nanyang Anti-smuggling Fleet were respectively established. The home port bases of the fleet were located in Tianjin and Juzhang respectively.

The Beiyang anti-smuggling fleet was appointed as the admiral of Gan Ning, and the Nanyang anti-smuggling fleet was appointed as the admiral of Zhou Tai. It was responsible for combating smuggling, combating pirates, and escorting legal merchants.

When armed with tax resistance or armed hiding gold from mining overseas, it is their turn to use the knife.

As for the expenses of these two fleets, it is definitely affordable to support the river and sea transport trade tariffs of the two major water systems of the North and South Yangtze Rivers and the Yellow Rivers. The only thing to note is that the management model of "two lines of income and expenditure" must still be maintained.
Chapter completed!