Silver surges!
What does this mean to the people?
There is no benefit at all, but it will cause endless troubles!
He, Zhou Chen, is not some high-ranking official who dare not stoop down in a high position!
When Zhou Chen first arrived in the south of the Yangtze River, in order to understand the actual situation in the official fields in the south of the Yangtze River, he did not hesitate to go deep into the people and travel around to understand the real situation. He witnessed with his own eyes what kind of life the people in the south of the Yangtze River were living when they were oppressed and enslaved by the gentry. Therefore, he was better than anyone else. Understand the suffering of the people!
The real currency for ordinary people is actually copper coins, one penny for each coin, the kind that should be spent with special care.
Only ordinary people with slightly better family backgrounds would use broken silver, that is, one tael of silver, two taels of silver, etc., to break up one tael of silver and spend it!
All in all, silver is not actually the currency of ordinary people, but the currency of gentry officials and dignitaries.
A sudden large increase in silver will inevitably cause the price of silver to depreciate, or in other words, cause prices to rise accordingly!
But how much money can ordinary people have in their hands?
They did nothing but watched the prices skyrocket. The money they had could originally buy ten kilograms of rice, but now they can only buy eight or nine kilograms or even six or seven kilograms, and their purchasing power is still declining year by year. !
When he thought of that terrible consequence, Zhou Chen couldn't sit still.
"Your Majesty, all ocean trade must not be done in silver, otherwise it will create huge hidden dangers for the Ming Dynasty!"
Zhu Gaoxu smiled and nodded when he heard this, and said: "Don't worry, I have already told Zheng He."
"The main method of voyage trade is bartering. After all, the essence of trade is to exchange what is needed. If foreign barbarians want the domestic products of the Ming Dynasty, such as tea, porcelain, silk, etc., they must come up with their own Come on, baby, and make an exchange of equal value!"
"If there is really no precious treasure that can be exchanged, Zheng He and the others will first consider gold trading, followed by silver trading. Compared with silver, there are many silver mines and the mining technology continues to improve, and the gold standard is better than the silver standard. It’s a lot more stable.”
"Your Majesty, why don't we..." Zhou Chen asked subconsciously.
Zhu Gaoxu glared at him angrily and cursed with a smile: "Where in the hell can you find so much gold?"
Gold mines are inherently rarer than silver mines, and gold mining technology is more difficult. After all, there is only so much gold mine, and no one is willing to study it!
The mining technology of the Ming Dynasty, whether it was gold mines, silver mines or salt mines, could be said to have no technology at all, and it could just be done at the expense of human lives.
Under this general premise and background, one can imagine how low the mining efficiency will be.
"My Ming Dynasty does not want a gold standard or a silver standard, but a "paper standard"!"
"Paper standard?" Zhou Chen's face changed slightly, "Your Majesty, you mean... treasure money?"
"It's a treasure note, but it's not a treasure note either. In other words, the treasure note will be banned soon!"
Zhu Gaoxu exhaled a breath of turbid air, and his eyes flashed with light.
"The most important responsibility of the Ming Dynasty Bank, or its first function, is to issue currency!"
"But the Ming Dynasty banknotes are not issued by the Ming Dynasty Bank, but by the imperial court. There is a difference between the two. Do you understand what I mean?"
Zhou Chen thought for a moment, and a bright light suddenly flashed in his mind.
"Your Majesty means...the division of financial rights?!"
"That's right!" Zhu Gaoxu nodded with a smile, "It's the division of financial rights!"
"Da Ming Bao Banknotes used to be issued by the Bao Banknote Promotion Department under the Ministry of Household Affairs. Naturally, you have seen the results. If I hadn't created this Da Ming Bank, I used all the money from the national treasury and internal funds to smash it in." , and then the Ming Dynasty treasure money was rescued!"
"Why do Ming Dynasty treasure banknotes continue to depreciate? Is it because the court only issues but does not receive them, neither demarcates nor recycles old banknotes, and there is no limit on the number of issued banknotes, resulting in more and more banknotes circulating in the market, causing a flood!"
"The lessons from the past are before us. If we continue to leave the power of issuing treasure banknotes to the imperial court, I am worried that one day, sooner or later, one of my unscrupulous descendants will be short of money, and he will set his sights on this treasure banknote. Therefore, we must divide financial rights!”
"I would like to change the name of Daming Bank to Daming Bank. In the future, the Secretary of the Ministry of Accounts will also serve as the president of the bank's head office, and will coordinate the supervision of branches and branches in prefectures, counties, and counties across the country. I will also abolish the banknote withdrawal department and merge it into Daming Bank. Specializing in bank currency issuance of banknotes!"
“In addition, I will let the Third Law Department take the lead in establishing a Ming Dynasty Currency Reserve Committee, which will be responsible for supervising bank affairs, including but not limited to issuing currency, acting as an agent for the treasury, regulating currency circulation, supervising local banks and managing finance, etc. The Minister of Revenue is not allowed to enter the committee and will be controlled by it, what does Xun Ru think?"
Zhou Chen had already widened his eyes and froze on the spot.
Abolish treasure banknotes!
Abolish the Ming Dynasty Banknote Law!
Transfer the power of the imperial court to issue currency to the Ming Bank!
In addition, senior officials from the Sanfa Department established a currency reserve committee. To put it bluntly, it is the Bank Supervision Committee to supervise the operation of the entire Daming Bank!
This supervision system is clearly designed for Daming Bank!
Zhou Chen originally thought that he had attached great importance to the Daming Bank, but now he realized that he still underestimated the Daming Bank!
His Majesty the Emperor, no, His Majesty the King of Han, founded the Daming Bank, and his profound meaning was so far-reaching!
Make a decision and then act, nothing more than this!
Zhou Chen was so excited that his whole body trembled and he was speechless for a long time.
Of course he understood why His Majesty the Emperor did this. The purpose was to divide the financial rights!
What property rights are divided?
The financial power of the imperial court!
The emperor's financial power!
In the past, whether it was the treasury or internal funds, the Ming Emperor had the right to directly mobilize them, and he could use them as he wished without any restraint!
But now, the situation is completely different.
Ever since Prince Zhu Gaoxu proposed dividing financial rights during the Yongle period, the Ming Dynasty's treasury and internal funds were completely separated.
The Ministry of Household Affairs is responsible for collecting agricultural taxes and salt taxes, and then taking them from the people and using them for the people. All the national treasury is used to develop people's livelihood.
The emperor's tax bureau is responsible for collecting commercial taxes and mining taxes, which are specially used to cover all expenses of royal members and all military expenditures of the Ming Dynasty!
However, this time there is no express provision for the financial cut, and the main premise is that both His Majesty Emperor Yongle and His Majesty Emperor Wude are relatively wise, and they can both humiliate themselves for the benefit of the people!
So the question is, will the emperors of the Ming Dynasty in the future be as wise and wise as the two of them, and will they be as dedicated to the country and the people as the two of them?
impossible!
There will be some dim-witted tyrants in every dynasty!
At that time, whether the national treasury or the internal funds are all a matter of a word from those fatuous and tyrants.
That’s why His Majesty Emperor Takeru proposed this financial supervision system, so His Majesty Emperor Takeru will set up this currency reserve committee, and it will be led by senior officials from the Three Laws Department!
Today's officials of the Sanfa Department are undoubtedly loyal and virtuous. The rules they took the lead in setting are enough to ensure the complete operation of the financial system of the Central Bank of the Ming Dynasty to the maximum extent, even if they encounter something from the old Zhu family. Tyrant and foolish king!
His Majesty, Emperor Wude, is repeatedly putting layers of shackles on himself and on future emperors of the Ming Dynasty!
"Your Majesty, Holy Might!"
"On behalf of all the people in the world, I would like to thank Your Majesty for your kindness!"
