Can you live forever

Chapter 82 Debt Value, Money Standard
"He hits his, we hit ours."

Zhang Zhixiang once again picked up a famous saying, the more he has experienced, the more he feels that his wisdom is as high as a mountain.

He was different from other children in his previous life. Most people have to experience admiration when they were young, loathing when they were young, awakening when they are adults, and then want to cry every time they think of him...

In the previous life, my father was my husband's steadfast student.

Since he was in elementary school, his father let him read Mr. Anthology, and would tell him stories about Mr. every day before going to bed, so he knew from an early age that Mr. was the wisest and kindest person in the world.

The reason why he can understand so many things and see the essence of society is because of the teachings in his books.

this life.

The old heavenly master and Mr. Yangming certainly enlightened his wisdom, allowing him to look at things from the source, but he really achieved this step based on the teaching of his master...

Zhang Zhixiang's response so far actually has only one logic - what would he do if he was a husband.

Then, it's easy.

"If you worry about Yang Tinghe, the initiative is in his hands. If you don't worry about him, the initiative is in our hands. The assassination of the Wang family and the attitude of the court have allowed me to accomplish one of the most important goals."

"The hearts of the people are with me."

Zhang Zhixiang talked about his plan very seriously. He used his body as bait to lure the Wang family to assassinate him this time, because he guessed that the imperial court would acquiesce, so that the imperial court would take the blame and the public opinion would be on his side.

It seems now.

Although the process is different, the result is better.

"People's hearts are not useless things."

"I've thought about it. Instead of stealing the Dengwen Drum from Chen Cang and stealing it, when they realize that we still have to face all-out pursuit, it's better to take the Dengwen Drum away from the very beginning."

"Sneaking it away is just a way to escape."

"After I did what I was supposed to do, I took the Dengwen Drum to the capital in an open and honest manner. Then, the knights and righteous men in the world will come to help me, and people with bad intentions will come to fight for it. More importantly..."

"Your Majesty can come and meet us."

Before today, it is indeed the best way to keep secret.

If Zhang Zhixiang didn't make a move, and directly disclosed the effect of Dengwen Drum, and threatened to take Dengwen Drum to the capital, he would only be suppressed by all parties, and even Longhushan would be in danger.

The Wang family would not agree either.

But today, things are different after gaining public opinion. If the case of the Datong Bank is really solved and the people cash out the banknotes in their hands, maybe the matter of Dengwengu can really be made public...

Zhang Zhixiang's analysis surprised everyone.

Wang Yuanzhi even felt amazed, he suddenly laughed, Yang Tinghe lost to the 15-year-old puppet emperor in the capital, and this time he will probably lose to the five-year-old little fairy.

"Speaking of which, how exactly does debt become an asset?"

Wang Yuanzhi has pondered a lot these days, but he is still curious about Zhang Zhixiang's specific operation.

Zhang Zhixiang also intends to make a move on this, Yang Tinghe wants to use dragging formulas to make him mess up, and he also wants to induce Yang Tinghe to lose his composure.

"Uncle Wang, can you send a message to Yang Tinghe directly?"

"Just one sentence is enough. What I want to say is: When a debt can be honored, it becomes a credit, and the debt itself has value."

It is so!
Wang Yuanzhi was like enlightened, he understood everything at once, he even thought of the essence of money, and thought of the original Daming banknotes.

The failure of Daming Banknotes, the summary of history will always be that there is no reserve fund and more currency is issued.

In fact, this is not the case at all. Ming Dynasty has the hegemony of sea and land, controls world trade, and can absorb any amount of currency. If the country cannot bear it, it can be transferred overseas through the fleet.

The root cause of the gradual disappearance of Daming Banknotes is...slow inflation.

When the imperial court has the right to issue currency, it can continuously print currency to generate inflation, thereby causing wealth to shrink. The richer the wealth, the greater the wealth shrinkage. As long as inflation is slow and moderate, it will completely promote the economy. , the people can feel that the standard of living is improving day by day, while the wealth of the rich will become less and less, and the gap between the rich and the poor will gradually narrow.

Because the total amount of wealth in society is increasing, wealth is being diluted.

Therefore, the interest class realized this at the beginning. From the Hongwu period, the imperial court began to collect taxes openly and secretly without collecting treasure notes, which caused a serious blow to treasure notes all of a sudden.

This is tantamount to giving up the credit endorsement of the currency at the official level.

Then through the raging of counterfeit money and other means, the supervision will be relaxed. In this way, within a few years, the precious banknotes will depreciate sharply, and finally be abandoned, and gold, silver and copper coins will be used instead.

What happens when money turns into gold and silver?
Very simple.

As long as the gold and silver are buried, there will be less and less gold and silver on the market, and it will become more and more valuable, because the output of gold and silver is limited and cannot be printed indefinitely like precious banknotes.

With deflation, the wealth of the rich will increase...

at this point.

It will be especially obvious after the implementation of the whip method. When the court collects taxes with silver, the lifelines of the people will be completely controlled. The exchange rate between copper coins and silver will soar all the way, and the prices will become lower and lower...

When you can't pay taxes, you can only borrow money.

Debt accrues interest while prices are pushed down...

The business prosperity in the south is good, but the north is completely finished.

That would be real poverty.

Of course, Wang Yuanzhi didn't know about a whip that was about to be implemented in the [-]th year of Jiajing. He just realized the essence of currency and the rise and fall of precious banknotes, and he had a more systematic explanation of past events.

Zhang Zhixiang really thought of Baochao and a whip.

You may not believe it, a whip method is beneficial to the rich, but because Gui E and Zhang Juzheng also need to measure the land, it must not work, so there is no good end.

Zhang Juzheng died and the government disappeared, and all the reforms that were beneficial to the people and the country were cancelled.

Only one whip method of collecting taxes with silver and changing the national currency to a silver standard was inherited.

Then, Daming died even faster...

The richest country in the world is poor, the court is poor, the people are poor, who is rich?It's hard to tell.Anyway, the set of capital of later generations is left over from Daming's play.

Therefore, Daming is determined not to go back to the silver standard.

To solve Ming's economic problems, currency must be issued. This time, the national debt is just a test of the water. As for what they have learned to take advantage of the opportunity to make money?
Zhang Zhixiang looked forward to them giving it a try.

After all, such things as credit are difficult to establish, but easy to destroy. The Nanjing imperial court has no credit among the people, which is great. Although the northern capital has to take over the mess, as long as it can be handled well, it can formulate currency rules.

Of course, these are things to follow.

Zhang Zhixiang believed that what he said to Yang Tinghe would make him unable to sit still...

(PS: During the Hongwu period, about 500 million coins were issued each year, while in the Northern Song Dynasty, 600 million copper coins were minted each year. Under normal circumstances, hyperinflation would never occur. In addition, during the Hongwu period, less than 50 copper coins were minted each year. During the reign of Xuande, a total of [-] copper coins were minted, and no copper coin was minted in the next [-] years, and there was no year in which more than [-] copper coins were minted.)
(End of this chapter)