my days with tyrants

Chapter 26 Thunder, rain and dew are all God's grace?
"We didn't have a solution to this problem at the time."

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

His Majesty the Emperor is really here at your call...

Of course, the main reason is that Zhu Yuanzhang paid too much attention to this issue.

So after Zhang Xianzong went to play the report, His Majesty the Emperor immediately came in incognito, and then squeezed into the tent with Yang Feng like a pair of conspirators, closed the door, and surrounded by Jin Yiwei.

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

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

I print banknotes, the country spends money through finances, 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, they can redistribute their country’s money. All kinds of materials are sent to my country, and my country is rich in materials, so the price 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 correspond to each other. It is no problem for you to issue more banknotes, but you have to increase the number of commodities to stabilize the value of banknotes.

You just issue money, but if the commodity does not increase, of course it will depreciate.

Conversely, if the increase in commodities exceeds the speed at which you can print money, your banknotes will definitely appreciate in value.

This method can be called dilution, just like ink drops into water, the more water, the less visible the ink color, the more countries your banknotes circulate in, the less harmful it is that you print more banknotes, in this case, You can print money while maximizing the stability of your country's currency. "

Yang Feng said.

"This one……"

His Majesty the Emperor smiled and knocked on the table.

"It suits me very much."

He said.

Yang Feng looked at him expectantly.

"But at least for now, that is, North Korea is feasible. It just so happens that Li Chenggui is printing money at the moment, and I can decree that he doesn't need to print it.

In the future, North Korea will also use precious 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 banknotes. I allowed him to buy cloth with treasure banknotes from Daming, but it is only necessary to give him some benefits. I can't give him much precious money, [-] horses are only [-] guan. "

His Majesty the Emperor said.

So what His Majesty the Emperor meant was to make Li Chenggui feel that he had made a profit first, and coax him to print money with precious money instead of himself.

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

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

"Two horses."

"How much is your cloth?"

"It doesn't work consistently."

"Are you buying horses or humiliating others?"

Yang Feng said frankly.

So he just bought a horse for five hundred Wen?

Even if Yang Feng didn't know much about the price of horses in this era, he knew that buying a horse for five hundred Wen was really an insult to others.

Killing and eating meat is not only the price!

"It's just these years that I saw him as obedient, so I allowed him to exchange horses for cloth. In the past few years, I always asked him to send them directly. Gold, silver, horses, cloth, whatever I want, he has to send. In the 16th year of Hongwu, If I want him to donate five thousand horses, five hundred catties of gold, fifty thousand taels of silver, and fifty thousand bolts of cloth, my trade with him is to give him grace, and he will have to exchange as much cloth as he wants."

Zhu Yuanzhang said with a sneer.

"Thunder, rain and dew are all God's grace?"

Yang Feng said.

Give you grace and trade with you, don't give you grace and let you give it away for nothing.

"You are not ignorant."

Zhu Yuanzhang said with satisfaction.

"Anyway, he is also the king of Joseon. You are almost catching up with him and treating him as a slave."

Yang Feng sighed with emotion.

So he first asked Li Chengguibai for [-] pieces of cloth, and then maybe the warehouse didn't even exchange them, and then he used the cloth sent by Li Chengguibai to exchange for Li Chenggui's horses. Considering 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 merciful, he could have taken both the cloth and the horse for nothing, yet he returned the cloth to me.)
"King of Joseon? Who named him the King of Joseon? How did he become the King of Joseon because he has the power to know the affairs of North Korea?"

Zhu Yuanzhang stared and said.

"Uh, Quan knows the state affairs of North Korea, so the king of a country can also be Quan?"

Yang Feng was taken aback.

So this Li Chenggui is now a person who knows North Korea's state affairs?
a temp?

"If I let him know the state affairs of North Korea, he can only know the state affairs of North Korea. If I designate him the king of North Korea, then he is the king of North Korea. If he can do this well, I might as well give him this title." He is the one who is left and right in North Korea, and he has been submissive all these years. As for Ryukyu, outside of North Korea, Ryukyu is the most submissive, but its country is too small, so as you said, it can't dilute it too much."

Zhu Yuanzhang said.

"No no, let them use it.

You have to know that Ryukyu is a second-hand businessman. They are obedient to Daming in order to get those goods from Daming and resell them to Japan and Nanyang. They are just a few small islands with very little land. They can fish, but they have to do it if they want to make money. This second-hand dealer.And Daming is the largest trading place, and you just banned the sea, so you naturally gave them convenience, you want them to use treasure banknotes, so they have to find ways to get those things that Daming needs to sell in exchange for treasure banknotes .

What they can bring is spices, there is plenty in Nanyang, and our side is still valuable, sulfur, you must like this, but there is really nothing that can be exchanged for money. They have to exchange this treasure for a boatload of rice when they go to Luzon. .

Of course, if you open the sea ban, it doesn't matter, they are useless.

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 notes as much as possible. Even if they get the treasure notes and spend them in Daming immediately, you still have to make them use the treasure notes.

What is needed is that they import supplies.

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

Your descendants are embarrassed by this problem. "

Yang Feng said.

"It's enough to kill. Peeling the real grass is not enough to kill the whole family, killing the whole family is not enough to kill the three clans, and it is not enough to kill the nine clans."

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 language.

"But you have to understand that this can only be delayed, 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 their hands into this cabinet. It’s not to take it out and spend it. You issue banknotes, people get the banknotes, and then put some of them in the cabinet. This means that there are no such banknotes on the market. There are not so many banknotes in circulation on the market as you issued, but there are Some are in circulation.

In this way, the part you send more will not cause depreciation.

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

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

And the bank uses these banknotes to lend to foreign countries, including lending to the imperial court, who will return them with taxes plus interest. "

Yang Feng continued to confuse Zhu Yuanzhang.

"Eat enough food? Give my left hand to my right?"

Zhu Yuanzhang understood immediately.

"You can still eat Chen's food at Mao, and Chen's at Si's food. As long as there is always food, it doesn't matter. If your left hand is handed over to your right hand, that is also your left hand handed over to your right hand. You are the master."

Yang Feng said.

"Why do I feel that you were just robbing and cheating at that time!"

Zhu Yuanzhang said.

He doesn't need me anymore, which means that his anger has disappeared.

"What you said is that it's called economics. It was a science at that time, and a lot of people ate it, although what you said is correct according to your standards at this time."

Yang Feng said.

"But after all, we can't be rootless duckweed all the time. This is a gamble on the hearts of the people. If we can't deal with it in the end and the hearts of the people change, the country will be unstable."

Zhu Yuanzhang said.

He is a far-sighted man, knowing that this kind of currency is actually betting on the hearts of the people.

"So, you also need something that we call margin.

Let the common people believe that your banknotes are not rootless duckweed, but real gold and silver.

You have to have a certain amount of gold and silver in your hand, copper coins are not necessary, the most important thing is casting 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 coins as you want Coins or money are allowed to be freely convertible.You can also make this bigger. Even if the common people have a few banknotes in their hands, they will be spent in a blink of an eye. After all, the people of Ming Dynasty should only be limited to food and clothing. Buy a piece of meat.

They don't know how to do it, and they don't have the time to change it. After all, most people don't go out of the country for the rest of their lives. If you change it in the mansion, it's even more impossible to go.

So you only need to prepare a small part of gold and silver, and maintain a certain limit of free convertibility, and then preach to the people, so that the people can believe that this thing is really free convertible.

They are willing to accept precious banknotes, so of course they will not depreciate significantly.

The only thing to worry about is those big businessmen and gentry who make money. They have the ability to exchange a lot of money and silver, and they are likely to exchange it on purpose.

This is a little troublesome. "

Yang Feng said.

"This is not a problem."

Zhu Yuanzhang said lightly.

"This, this is really troublesome."

Yang Feng said.

"This is really not a problem!"

His Majesty the Emperor said.

Yang Feng suddenly woke up...

"This is really no trouble for you."

He said.

Indeed, it may be troublesome for other emperors, but it is really not for Zhu Yuanzhang.

He can steal his family and destroy his family. His Majesty said that free exchange is the grace of His Majesty, but you can't be so ignorant. Don't regret it.

(Thanks to book friends Benjamin Siegberg, mathilda33, humourson, Crack God's Choice Atreus and others for their rewards.)
(End of this chapter)