"I have been studying Western finance for a few years. I have been in contact with many great talents from Europe in private. I have heard from those Europeans that the mainstream of human currency in the future must be to separate from physical objects and develop paper money..."
"It is even possible that in the future there will be credit currencies and credit notes that are not locked to gold and silver..."
"What is money? Money is just something that most people trust... For example, people in Europe believe in pound banknotes because Europeans have established trust in pounds!"
"But if you send these pound notes to the deep mountains and forests of our Qing Dynasty, the people will wipe their butts with them, because they have no credibility!"
"Okay! Since a credit can solve our current difficulties, let's find a breakthrough through credit instead of just looking for money..."
Yang Zhi tilted his head and looked at the stars outside the window, shaking his head and thinking, "Now is the war period, and the people's trust in the court is at the moment... If you want to restore trust at this time, the court will have to fight a vigorous battle on the local battlefield." A dripping victory!”
"The hearts of the capital have been stabilized. The news of victory has come and the people believe that Your Majesty will not lose. So it is not a big deal if the gold is temporarily stored in the treasury!"
"This is the first strategy, and it depends on the lives of the officers and soldiers of the New Army and Xishan Battalion!"
"There is another strategy, that is, can we print a batch of banknotes specifically for gold and allow them to circulate in the market, so that this currency has higher credibility than Beipiao and Nanqiao!"
"That's right, that's right... Your Majesty, think about it carefully. If we issue one tael of gold tickets, we can clearly tell the people that one tael of gold tickets can be exchanged for one tael of gold in kind!"
"Then what's the difference between these gold tickets and gold? If these gold tickets are circulated, big businessmen will definitely use such large amounts of banknotes to conduct transactions!"
Zai Chun frowned and asked, "I'm afraid your method is difficult... If you don't have so much gold in your treasury for this kind of gold ticket, who among the people will believe it? The gold we exchange will eventually go to the Chinese to buy it." Arms..."
Yang Zhi nodded, "Your Majesty is right, but the credibility of the people may not be entirely dependent on our own dealings with the people, right?"
"We are not exchanging gold forever, we are only exchanging gold temporarily during the war. After the rebellion of Guiziliu is put down and our economy recovers, we can still slowly accumulate gold!"
"It really doesn't work. Your Majesty has decreed to develop the gold mines outside the customs for five or six years. I can still pay back the gold exchanged slowly!"
"As long as the situation is peaceful and the people have enough food and clothing, credit will naturally be restored, but this will take time and the efforts of the soldiers on the battlefield..."
"That's right! The court doesn't have time right now, and what makes me uncomfortable is the time issue! Hurry up and say it, I don't have time to listen to your nonsense!" Zai Chun was a little impatient.
"Your Majesty, please calm down... I have one last solution! That is to borrow credit... We can borrow credit!"
"After the golden tickets are printed and issued, it will definitely be impossible for the people to accept them in a short time. They don't believe it... but the imperial court can find strong support!"
"Britain! And the Chinese..." Yang Zhi gritted his teeth and said these two names, "Let's negotiate with the British, the Chinese, and even the United States, Fuso, North Korea... and other countries!"
"Find them to buy our golden tickets, allow them to pay with silver and then eat the golden tickets!"
"We are fighting a civil war, but others are not fighting a civil war! Our credit is not high enough, but their credit is still there! In this day and age, people are afraid of foreign and Japanese devils for more than a day or two!"
"Once they find out that foreign devils also like these golden tickets, their credibility will naturally increase!"
"The most critical point is that the common people are so talkative and number in the millions. It is impossible for us to reason with them one by one and persuade them to have confidence!"
"But it's easy to negotiate with these countries, one-on-one, official against official, national credit against national credit... Will the British be afraid that we will go back on our word? Will the Chinese be afraid that we will default on our debts?"
"They are not afraid, so it is very simple to get through their work! As long as these countries are willing to continue to eat, then the people will have one more choice for their golden tickets!"
"Either they keep it in their own hands and wait until the war is over before exchanging it with the court, or they are anxious to exchange it with these foreign and Japanese devils. Anyway, these people agreed to eat..."
"Of course, I'm more inclined to the last scenario, which is that our court wins the civil war and the people's confidence is restored, but as a result they will not exchange gold..."
"These golden tickets, after several years of development, have slowly become a kind of currency in circulation in our Qing Dynasty! Haha, this is a good thing Your Majesty, there is another kind of credit currency!"
Yang Zhi's words made Emperor Tongzhi's eyes light up. "Well... that makes sense! So how can you guarantee that the British, Americans, and Chinese will accept this golden ticket? How can they definitely eat it? Going in?"
"Interest! My Majesty, we will give them interest! And we promise them... after the war is over, they can exchange these gold tickets back for gold!"
"It's better to do business one-on-one. We can explain things clearly to these smart people. After the war is over, we can slowly negotiate and negotiate a timetable for gold exchange!"
"Anyway, they don't suffer a loss, and our court also gets some room to maneuver. Why not? Isn't this the cash flow we want to get through the difficulties?"
"Okay! Okay, okay... That makes sense. You really didn't disappoint me!" Zai Chun clapped his hands excitedly.
But Yang Zhi swallowed the second half of the words, saying in his heart that this golden ticket has no risk at all for the foreign and Japanese devils, because you use the national credit of the Qing Dynasty as a guarantee.
If you, Emperor Tongzhi, win, everyone is happy, but what if Emperor Guangxu wins? Everyone is happy in the same way. Will Yixin dare to waste the golden ticket when the time comes? He absolutely doesn't dare, because if he dares not to redeem it, he will not be able to sit on the throne!
As long as the imperial seal of the Qing Dynasty is used on this piece of paper, you will have to admit it even if you change ten emperors, unless you overthrow the Qing Dynasty and change the legal system.
But even if Guizi Liu overthrows the Qing Dynasty, he will never default on his debt. As long as someone has more foreign guns and cannons than you, you have to be honest!
No matter who wins, this golden ticket has to be redeemed by other powers. They are basically guaranteed to make a profit without losing money, so why not?
Zai Chun didn't know what Yang Zhi was thinking, and asked, "The method is a good one, but the word golden ticket is too ugly. Let's find a better name!"
Yang Zhi smiled and said, "Your Majesty is a great talent, please give me a name!"
"Hmm...let me think about it! How about...or call it...Golden Yuan Coupon?"
"High! Your Majesty is really tall! The gold yuan coupon is good, so that's what it's called. People in the market commonly refer to money as silver yuan, which is used to describe silver coins. We call it gold yuan. The contrast is neat, and it's a good name!"
"Hahaha... Okay, okay, you go make the banners and prepare them for printing, and we'll get these gold yuan coupons to ease our cash flow!"
