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Chapter 26: Thunder, Rain and Dew Are All Graces?

"We didn't have a solution to this problem at that time."

Yang Feng put on the posture of a national master and said.

His Majesty the Emperor is really here when he is called upon...

Of course, the main reason is that Zhu Yuanzhang took this issue too seriously.

So after Zhang Xianzong went to report, His Majesty the Emperor immediately came incognito, and then he and Yang Feng crowded into the tent like a pair of conspirators, closed the door, and sealed it with a circle of golden guards.

"As long as there is such a national credit currency, it is impossible to solve this problem. We can only find ways to pass this problem on.

One, use force to force other countries to take over.

I print banknotes, and the country spends money through the treasury, and then flows into the people, but I force other countries to use my banknotes, force them to accept the waste paper I print, and then encourage trade with them, so that through trade, their countries'

All kinds of supplies are sent to my country. My country is rich in supplies, so the prices will naturally not go up. So at least in my country, the people will not feel the serious depreciation of the currency.

Commodities and currencies are related. It’s okay to issue more banknotes, but more commodities must also increase in order to stabilize the value of the banknotes.

You just give out money, but if the goods don’t increase, they will of course depreciate.

On the other hand, if the increase in goods exceeds the speed at which you print money, your money will definitely appreciate in value.

This method can be called dilution, just like ink dripping into water. The more water there is, the less obvious the ink color will be. The more countries your banknotes circulate, the less obvious the harm of printing too much banknotes will be. In this case,

You can print money while maximizing the stability of your country’s currency.”

Yang Feng said.

"this……"

His Majesty the Emperor smiled and knocked on the table.

"It's very much to my liking."

he said.

Yang Feng looked at him expectantly.

"But at least for now, it is feasible for North Korea. It just so happens that Li Chenggui is currently printing money, so I can decree that he does not need to print money.

In the future, North Korea will also use treasure banknotes according to the Ming Dynasty!

It just so happens that I have been buying horses from him with cloth in the past few years, and later changed to buying with treasure money. He is allowed to buy cloth with treasure money from Ming Dynasty, but I need to give him some benefits. After all, if I give him the cloth at a discount, that's fine.

I can't give him much money, ten thousand horses is only 20,000 yuan, and he has to come to Ming Dynasty to buy cloth again, so I can only give him more at a discount, otherwise he will not be willing to use this money."

His Majesty the Emperor said.

Therefore, His Majesty the Emperor's intention was to first make Li Chenggui feel that he was getting an advantage and coax him to use treasure banknotes instead of printing banknotes.

But Yang Feng was still very curious, how many pieces of cloth did Zhu Yuanzhang exchange for a horse?

"How much cloth would you give him for a horse?"

"Two."

"How much does your cloth cost?"

"It won't work."

"Are you buying a horse or humiliating someone?"

Yang Feng said very frankly.

So he just bought someone a horse for 500 coins?

Even if Yang Feng didn't know much about horse prices in this era, he knew that buying a horse for five hundred cents was really an insult.

Even if you kill someone and eat meat, the price is just this!

"It was because I saw him being submissive these years that I allowed him to exchange horses for cloth. In the past few years, I had him send it directly. Gold, silver, horses, cloth. Whatever I wanted, he had to send it. In the 16th year of Hongwu

, I want him to offer five thousand horses, five hundred catties of gold, fifty thousand taels of silver, and fifty thousand pieces of cloth at once. I trade with him to give him grace, and he will have to exchange any number of pieces of cloth."

Zhu Yuanzhang said with a sneer.

“Thunder, rain, and dew are all God’s blessings?”

Yang Feng said.

Give you grace and trade with you. If you don’t give you grace, you will just give it away for free.

"You're not ignorant at all."

Zhu Yuanzhang said with satisfaction.

"After all, he is also the king of Korea. You are almost treating him as a slave."

Yang Feng sighed with emotion.

So he first asked Li Chenggui for 50,000 pieces of cloth, and then he might not have replaced it in the warehouse, and then used the cloth sent by Li Chenggui to exchange for Li Chenggui's horse. Taking into account the convenience of transportation and the fact that there was no shortage of cloth in the Ming Dynasty

, this possibility is entirely possible.

(Li Chenggui burst into tears: His Majesty the Emperor is so kind. He could have given the cloth and the horse together for free, but he still gave the cloth back to me.)

"King of Joseon? Who named him King of Joseon? How could he become the King of Joseon when he has the power to know the state affairs of Joseon?"

Zhu Yuanzhang said with wide eyes.

"Well, Quan knows the state affairs of North Korea. Can the king of a country also be Quan?"

Yang Feng was stunned for a moment.

So this Li Chenggui now has the power to know the state affairs of North Korea?

A temporary worker?

"If I give him the right to know the state affairs of North Korea, he can only have the right to know the state affairs of North Korea. If I give him the title of King of North Korea, then he is the King of North Korea. If he does this well, I might as well give him this title.

, he is the one who controls North Korea, and he has indeed been submissive in these years. As for Ryukyu, outside of North Korea, it is the most submissive, but its country is too small, and as you said, it cannot dilute it too much."

Zhu Yuanzhang said.

"No, no, we have to let them use it.

You have to know that Ryukyu is a second-rate dealer. They are respectful to the Ming Dynasty in order to get those goods from the Ming Dynasty and then resell them to Japan and Nanyang. They are just a few small islands with very little land. They can fish, but if they want to make money, they have to do it.

This second-rate dealer. The Ming Dynasty is the largest trading place, and you have banned the sea, which naturally gives them convenience. You require them to use treasure money, so they must find ways to get those things that the Ming Dynasty needs to sell.

Exchange for treasure money.

What they can bring is spices. There are many in Nanyang, but they are valuable here. You will definitely like sulfur. But there is really nothing to exchange for money. When they go to Luzon to bring a ship of rice, they have to exchange it for this precious currency.

.

Of course, if you open the sea ban, it won't matter, they will be of no use.

But it's not completely useless, after all, they can still sail.

In short, what you have to do is to force others to use the treasure coins as much as possible. Even if they get the treasure coins and then spend them in the Ming Dynasty, you still have to ask them to use the treasure coins.

What is needed is for them to import supplies.

But in this case, you have to prevent the coastal officials and gentry from colluding with these people to smuggle.

Your descendants will be troubled by this problem."

Yang Feng said.

"Killing is enough. Peeling the skin off and killing the whole family is not enough. Killing the whole family is not enough to punish the three tribes. It is not enough to punish the nine tribes."

Zhu Yuanzhang said calmly.

"I just like your attitude."

Yang Feng said.

I have to say that he and Lao Zhu have more and more common ground.

"But you have to understand that this can only delay, and you can't change the fact that the banknotes are waste paper. You have to give the banknotes a cabinet and let the people put some of the banknotes in this cabinet.

It's not about taking it out and spending it. You issue banknotes, the people get them, and then put some of them in this cabinet. This means that there is no such part of the banknotes in the market. What is circulating in the market is not as much as you issued, but there are some.

Some are in circulation.

In this way, the extra part you send will not cause devaluation.

What we did at that time was to set up banks and let people deposit their money in the bank for a few years, and then they would get interest when they took it out.

If you send too much, then increase the interest rate to make people more willing to save money.

The bank used these treasured banknotes to lend money to external parties, including lending it to the court, which would repay it with taxes plus interest."

Yang Feng continued to bewitch Zhu Yuanzhang.

"Yin eats maoliang? I give my left hand to my right hand?"

Zhu Yuanzhang understood immediately.

"You can also eat Chen's food, Chen's food, and it doesn't matter as long as you always have food. If your left hand is handed over to your right hand, then your left hand is handed over to your right hand. You are the master."

Yang Feng said.

"Why do I feel that you were robbing and deceiving at that time?"

Zhu Yuanzhang said.

If he doesn't use me anymore, it means his anger has dissipated.

"As you said, this is called economics. It was a science at that time, and a lot of people only had this to eat. Although what you said is correct according to your standards at this time."

Yang Feng said.

"But after all, we cannot continue to be rootless duckweeds. The stakes are people's hearts. If we can't deal with it in the end and people's hearts change, the country will be unstable."

Zhu Yuanzhang said.

He is a foresighted person and knows that this currency is actually betting on the people's hearts.

“So, you also need something we call a margin.

Let the common people believe that your treasure money is not rootless duckweed, but real gold and silver.

You must have a certain amount of gold and silver in your hands. Copper coins are not necessary. The most important thing is to cast cannons. You will need more in the future. You can use gold and silver to cast money and silver coins, and then exchange as many treasure notes as you want for one.

Silver or money is allowed to be exchanged freely. You can also make this larger. Even if there are a few guan of banknotes in the hands of ordinary people, they will be spent in a blink of an eye. After all, the people of the Ming Dynasty should only have food and clothing. After working hard for a year, they can save a few guan of banknotes in their hands.

I still have to buy clothes, farm tools, and a piece of meat for the Chinese New Year.

They don't know how to change it, and they don't have the time to change it. After all, most people will never leave their hometown. If you change it in the government, it is even less likely to go.

Therefore, you only need to prepare a small amount of gold and silver, maintain a certain level of free convertibility, and then vigorously promote it to the people to convince the people that this thing is really freely convertible.

If they are willing to accept treasure money, then of course it will not depreciate significantly.

The only thing you need to worry about is the big businessmen and gentry who make money. They have the ability to exchange large amounts of money, and they may do so intentionally.

This is a bit troublesome."

Yang Feng said.

"This is not a problem."

Zhu Yuanzhang said calmly.

"This, this is really troublesome."

Yang Feng said.

"This is really no trouble!"

His Majesty the Emperor said.

Yang Feng suddenly woke up...

"This is really no trouble for you."

he said.

Indeed, it might be troublesome to other emperors, but not to Zhu Yuanzhang.

He can confiscate the house and destroy the family. His Majesty the Emperor said that it is freely exchangeable. That is His Majesty the Emperor's grace. But you can't be so ignorant. If you are ignorant, then you can only say that thunder, rain and dew are all God's grace. When you raid your home, you

Don't regret it.

(Thanks to book friends Benjamin Siegelberg, mathilda33, humourson, Crack God’s Choice Atreus and others for their rewards.)

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