Zai Chun felt like his head was spinning. The Qing Dynasty was really in a state of disrepair. There was no money or food. A large number of industrial products needed to be imported. The industrial system was just beginning. This civil war was completely disrupted.
People's hearts are in disarray. Jingshi Guiziliu's meticulous work is more complicated than a fucking wild dog!
One problem after another popped up, and after one was solved, another one popped up. It was easy to see some hope of solving the gold problem, but as a result, the problem of insufficient silver popped up again.
The imperial court is really out of money. It pays more than 100 million in taxes, grains and taxes every year, but a lot of it is in kind, and there is not much silver. There is no way for this number to increase significantly.
Because the Qing Dynasty's finances mainly relied on land and land taxes, there was always an upper limit on the amount of land in the world.
The imperial court's abundant cash in recent years is actually a result of the liberalization of the country. The large-scale trade between foreigners and Chinese has provided a lot of commercial taxes, and the paper currency reform brought by the Chinese to the Manchus has also increased the number of people in the market out of thin air. currency supply.
The banknotes produced by Xiao Letian were first military notes, and then gradually evolved into banknotes that could be exchanged for silver. Due to their good credit and wide circulation, they quickly penetrated into the Qing Dynasty.
In the end, it evolved into two versions of banknotes: Nanqiao and Beipiao. The issuance rights of Nanqiao belong to the Chinese people, and they are basically circulated in Jiangnan.
The right to issue Beipiao is in the hands of Yang Zhi, and it is widely used in areas north of the Yangtze River!
Although it is said that Nan Piao always outnumbered Bei Piao and was larger in scale, after all, Bei Piao was endorsed by the Manchu and Qing court and was highly recognized by private officials, so the circulation volume was not low.
Since the birth of paper money, inflation has been inevitable! It is said that as many banknotes as there are silver reserves will be issued, but in fact there will definitely be an excess of issuance.
Because people want convenience in their lives, it is impossible for all people who own paper money to exchange it for physical silver. Therefore, if you issue a small amount of paper money beyond the scale, the people will not notice it, and it will not disrupt the market.
If the banknotes are issued 30% more than they are issued, it will have a certain impact on the prices in the market, but it will not be noticed. From the court, it can be said that the increase in prices is caused by other reasons, and the scam can still be maintained.
This part of the over-issuance of banknotes is the most important reason why the imperial government has relaxed its finances in recent years.
The over-issuance of banknotes is one extra dollar, and the other two dollars are various military aid funds from the British and Chinese to Emperor Tongzhi. As a close disciple of the head of state, Zai Chun will definitely get a lot of benefits.
To this day, Fuso Bank owns part of Zaichun’s shares, and earns tens of millions in interest every year!
Xiao Letian took Emperor Tongzhi to visit Europe. The British investment in the young emperor was also a very large amount, with the purpose of helping Emperor Tongzhi carry out domestic reforms.
And what are the benefits of Emperor Tongzhi's return? That is the various shares of the Qing Dynasty after its industrialization in the future, such as the Beijing-Tianjin Railway, the Capital Iron Works, the future Beijing-Hankou Railway... These industrial shares that are guaranteed to make no loss are the most important means for him to repay the aid.
The last one is the stock market, and stock market financing has also brought Zaichun huge profits.
Zai Chun has really lived a good life for several years. Since he returned to China, he has basically not been short of money, so he can carry out the construction of the Qinghe Industrial Base in the capital with great fanfare.
The Beijing-Tianjin Railway was repaired, the construction of the Beijing-Hankong Railway was promoted with all efforts, and a new army with an airship force was even raised. The court also wanted to train the navy.
But no matter how much money you have, there will be a time when it will be spent. When the civil war broke out, Zaichun's fragile finances suddenly showed signs of collapse!
The stock market was closed due to the stock market crash, leaving one less financing channel!
Xiao Letian is not in Asia, so it is impossible to provide funds for emergency relief to his apprentice!
The UK is currently undergoing a cabinet change, and Benjamin is going all out to impeach Gladstone. At this time, it is impossible for British politicians to care about Zaichun's life or death.
The Beijing-Hankow Railway and the Great Qing Dynasty Navy are under construction. All the money has been poured into it. You can't withdraw even if you want to!
Chun Chun's finances suddenly became empty, and the opportunity for the Japanese Six rebels to choose was really good!
The current dilemma is that new funds cannot come in, and old funds are tied up in the project. This is a bit like the dilemma of later generations of real estate developers.
It’s not that Zaichun has no wealth left, but that his cash flow is showing signs of drying up for the time being!
What he lacks now is a cash flow. If he had a cash flow of 50 to 60 million silver, everything in his war would be settled!
"Damn it... If there really is a huge pawn shop, I will pawn the Forbidden City for 70 to 80 million taels of silver and then redeem it after passing the test!"
"Hey...where can I find cash flow? Silver cash flow..."
Zai Chun's words made King Dun and others turn pale with fright. They had never heard of it in the era of Three Sovereigns and Five Emperors. The emperor wanted to pawn the palace? Who dares to answer this!
In fact, everyone knows that the Chinese people have the most abundant cash flow. They are close neighbors. The Chinese people have a lot of gold and silver in the central bank!
Every year, the Chinese trade in gold and silver ores from South America in countless quantities. Tens of thousands of descendants of Heavenly Kingdom veterans in South America have formed a de facto armed group that will do nothing but rebel.
Spreading branches and leaves, they have penetrated very widely in South America. Through their relationships with the Chinese, they have obtained a lot of basic ore resources such as gold and silver, including copper and iron.
If we can ask the Chinese to lend us money, let alone 50 to 60 million taels of silver, there will be no problem with 5 to 6 billion!
But if Xiao Letian is not here, who can help Emperor Tongzhi? Those people all wished that the Qing Dynasty would fall as soon as possible!
It is difficult for a clever woman to make a living without rice, and the money gap is too big. This cannot be solved by Li Tuo and others' tactics. The few people were silent for a moment, and Zai Chun asked them to step back and think carefully.
After everyone retreated, Zai Chun thought carefully and still couldn't let it go, because the people with the exchange slips from the Ministry of Household Affairs would not wait for you. They would definitely go to the court to exchange silver as soon as possible under the fear of war.
Gold has been lost, but silver can’t be thrown away too!
"Come here...call Yang Zhi, I want to hear his opinion!"
Yang Zhi was the great financial steward hidden in the shadows of the Manchu Qing Dynasty. He controlled the operation of the Qing Dynasty's mint machine and was responsible for many of the dark jobs in the stock market.
You can't count on him in a war, but for things like making money, you have to rely on Yang Zhi!
In the dead of night, the Forbidden City was dark with only a few subtle lights. In the remote side hall of Wuying Hall, Yang Zhi knelt down three times and kowtowed to the little emperor to pay homage.
"The problem your Majesty mentioned is not unsolvable... Why does it have to be physical versus physical? Silver can be monetized, so why can't gold also be monetized?"
