"What a beautiful note!"
Louis XIV looked at the one-hundred-yuan Ming Empire note in his hand by the window and admired it from the bottom of his heart.
He had long wanted to print this kind of banknotes, but he had been poured a lot of cold water on it by Colbert before, and he was a little discouraged.
Kolbe also kindly reminded him. The reason is simple. As long as you are smart enough, you will think of the fatal weakness of paper money.
This thing is different from silver coins in that the difficulty lies in the printing process itself, not in resource extraction.
Even countries with no silver mines can print banknotes as long as the technology is advanced enough.
Not only can it print its own country’s banknotes, but it can also print large quantities of other countries’ banknotes…
Sound scary? ? ?
Doesn't this mean that the country owns a giant silver mine?
As long as the money printing machine is turned on, hundreds of millions of silver coins can be printed.
This is much easier than mining. The miners may still be able to rest, but the money printing machine does not need to rest.
You can print banknotes all year round, and replace them with new ones when they change, allowing tens of thousands of printing presses to start working at the same time.
Can you print at least billions of silver coins worth of banknotes in a year?
If your own country's banknotes are fine, but if it's another country's banknotes, wouldn't it be equivalent to emptying that country's banknotes at once?
If France's potential enemies use this method to attack France, wouldn't His Majesty face economic collapse?
It can be hypothesized that if Switzerland issued banknotes before, the country was in a state of hostility with the Ming Empire.
So if the Ming Empire also printed Swiss banknotes, would other countries dare to accept Swiss banknotes?
Once imports are forced to stop, won't Switzerland print banknotes that can only be circulated internally?
Even if it can only be circulated internally, can Switzerland guarantee that the Empire will not smuggle banknotes into its territory through various means?
In this case, more and more banknotes will be circulated in Switzerland, which will push up commodity prices, cause inflation, and eventually lead to economic collapse.
If you switch to other countries, the situation will be different. It is just a matter of national strength.
But in the face of the superior Ming Empire, other countries in the world are probably afraid of this happening, right?
Colbert didn't know, but Louis XIV knew very well in case France and the Ming Empire were at odds.
Then the other side can destroy France's economy without even using military means...
Colbert's suggestion was that as long as the Ming Empire did not take the lead in issuing banknotes, there was no need for France to be the first to issue banknotes.
The Ming Empire has already issued banknotes, so France can carefully analyze whether to issue banknotes based on its own situation.
Of course, it's not that France didn't master the relevant technology, but it wanted to sign relevant agreements with the Ming Empire.
Make sure that the other party will not print French banknotes without authorization. Only in this way can France's hidden dangers in this regard be eliminated.
Negotiations related to banknotes began within half a year of the issuance of banknotes in the Ming Empire.
The negotiation process was relatively smooth, because Louis XIV was also eager to harvest leeks...
Not only Louis XIV, but Poirot, Ibrahim, William III, Frederick, the Tokugawa General, Che Zaizhen and others all lined up to obtain relevant technology to print their own banknotes.
This move can not only cut leeks, but also boost the prestige of the country's head of state, because everyone plans to imitate the Ming Empire's banknotes and print their own busts on it.
The only difference is that William III is the more filial one and plans to print the bust of his predecessor Orange, who is considered the founding head of the Netherlands.
Of course, filial piety has its limits.
One hundred guilders for the City of Orange, fifty guilders for his father William II, twenty guilders for himself, ten guilders for De Ruyter, five guilders for Tromp, one guilder for Tromp. Old Putmans.
The one who is competing with William III is Tokugawa Ietsuna. He plans to print his grandfather Tokugawa Ieyasu on the one hundred and fifty Japanese coins, the twenty and ten Japanese coins on his father Tokugawa Iemitsu, and the five and one Japanese coins. Yuan Shang printed himself.
Three generations of ancestors and grandsons have all gone up. As for the emperor, who is no different from the number one mascot of Japan, he is not in Tokugawa Ietsuna's consideration at all...
Although Poirot and Ibrahim are thousands of miles apart, their attitudes on this matter are surprisingly consistent, that is, all banknotes of denominations must have their busts printed on them.
Both of them regarded themselves as the greatest monarchs in the history of their country. One of them personally created the Inca Empire and realized the rebirth of the Inca Empire. The national power was even stronger than before.
The other captured Austria, southern Germany, and Moravia, which had been coveted by their predecessors for a long time. He also dug a canal connecting the Mediterranean and the Red Sea. The petrochemical industry made the Ottoman Empire one of the world's leading countries.
Based on the great achievements that an individual has achieved, there is no problem in having his own bust printed all over.
Everyone actually has the technology to print banknotes, but after seeing the banknotes issued by the Ming Empire.
I started to be envious and jealous again. Without introducing relevant technology from the Ming Empire, my country's banknotes would be easily copied.
Due to the very strong personal relationship established with Zhu Cixiang, it was easy for Poirot and Ibrahim to obtain technology.
The Inca Empire had ores as collateral, and the Ottoman Empire had oil fields as collateral.
As long as these two people don't order Xishusandi to print indiscriminately, banknotes will not depreciate significantly in the short term.
France is also large enough, and the relevant technology is advanced enough. It has completed a bilateral agreement between France and France, and the difficulty of issuing banknotes no longer exists.
As for the Netherlands, Prussia, South Korea, and Japan, Zhu Cixiang didn't want to give it to them, but after all, they were still needed for trade, so he could only sell it to them at a friendly price.
However, he still reserved a hand. Zhu Cixi would definitely not be able to control the other party's addition of other anti-counterfeiting technologies to his banknotes, but the anti-counterfeiting technology of Ming Dynasty banknotes must be the best in the world.
For other countries, Zhu Cixi told them that the total amount of banknotes issued by the Ming Empire was 100 billion yuan, equivalent to 100 billion silver coins.
Whether the other party believes it or not is their own business.
The three countries of Sweden, Venice, Siam, and Persia are considered the second echelon, but they are not far apart in time, and Zhu Cixiang did not set any threshold restrictions for them.
Austria, Rome, Hannover, Mecklenburg-Schwerin, Switzerland, Württemberg, Bavaria and other countries can only wait in line.
The most interesting thing is that many Ming vassal kings in Borneo and North America also wanted to obtain related technologies.
In response, Zhu Cixiang asked them, after obtaining the technology, how many copies do they plan to print?
Is it to print banknotes of other countries after printing the economy of one's own vassal country to collapse?
Zhu Cixiang has already guessed what they are thinking. It would be great if you can learn by yourself without a teacher.
Anyway, from me, you don’t want to get the relevant technology. If I give the technology to you, it will create a man-made disaster!
In Zhu Cixiang's heart, the status of the vassal kings was not much higher than that of the group of people in the Congo jungle, so it would be nice not to cause any trouble to him.
If you really obtain technology from yourself and then print the currency of France, the Netherlands or other countries like crazy, these countries will not be able to settle accounts with you in the future?
Even if he gave his disciple Zheng Chenggong the relevant technology, Zhu Cixiang would not give it to those clan members and let them work hard to develop it themselves!
As for the two sons, that is not allowed. Both of your territories belong to the imperial court. It is already quite good for you two to manage them for a long time. Don't push yourself too far.
In order to prevent the devaluation of foreign banknotes exchanged with other countries, it was clearly stipulated in the banknote exchange agreement between the Ming Empire and France and other countries.
If at the end of January this year, French banknotes were worth more than one percent less than the average of the previous twelve months.
The French side will make up the difference within one month with banknotes or items of equivalent value accepted by the Ming Empire.
If it refuses to make up the difference or is overdue, the Ming Empire will permanently stop lending to France and immediately require France to return all the principal and interest of the previous loan.
This requirement was the same for the Ming Empire. Such a clear requirement was to prevent one party from printing banknotes and damaging the interests of the other party.
It is easy to depreciate the value of banknotes, but if you can increase the value of banknotes, then you are really capable!
This depends on the actual transaction amount and the goods, and has little to do with the official exchange rate.
Suppose the Ming Empire purchased one ton of iron produced in France with one hundred yuan of banknotes, but one ton of iron could be purchased with fifty silver coins.
The official exchange rate of the Ming Empire is that one hundred yuan of paper currency is exchanged for one hundred silver coins. Doesn't this mean that the paper currency has devalued by 100%?
One hundred banknotes in France cannot be exchanged for one hundred silver coins at the Daming Bank. Otherwise, what is the point of devaluing the banknotes?
The Ming Empire must compensate France for one hundred yuan in banknotes, or the equivalent of one hundred yuan in banknotes, and the equivalent must be recognized by France.
If a country's banknotes depreciate by more than 10%, the Ming Empire has the right to unilaterally suspend banknote transactions with that country and re-introduce silver coins.
There is no International Monetary Fund or World Bank on earth, and financial practitioners in many countries know very little about relevant financial knowledge.
Once a country's banknotes depreciate significantly, it means economic collapse, which is basically worse than the financial crisis in Southeast Asia.
If similar problems arise in the absence of wars and disasters, they are caused by deliberate overprinting of banknotes.
Zhu Cixiang would not spend money to save such a thing that seeks death. If you want to die, just die as soon as possible and don't get involved with me.
The total amount of printed banknotes is about two hundred times the country's population. If there are 10 million people, then it is very safe to issue two billion yuan of banknotes.
This is based on retaining a large amount of silver coins in the hands of the people. If we want to clear out the money in the hands of the people, we can print five hundred times as many banknotes.
Another premise is that the head office must have enough silver coins to prevent a run on the market.
To issue two billion yuan in banknotes, the head office must have one billion silver coins on hand, or the equivalent worth that much money.
The remaining half is considered leeks. How many can be harvested depends on the ability of the heads of state...
Apart from his homeland, the place where Zhu Cixiang felt most at ease was with Zheng Chenggong.
The Zheng Group has industries, land, an army, ores, and fisheries in two oceans.
The most important thing is that the Zheng family itself is rich, unlike his two sons, who are probably just gnawing at their old age...
While Zhu Cixiang was still scrapping land, Zheng Zhilong was already worth tens of millions, or even a billionaire.
Although he spent a lot of money to buy the ironclad, Zheng Zhilong made a lot of money from the share of Nanyang Jinshan and the mining in southern Africa, and he was very happy.
Yes, about one-sixth of the African continent is the Zheng family's own territory, and they can make money however they want.
For the issuance of banknotes, the Zheng family had sufficient material foundation to guarantee it, but other vassals did not have this condition at all.
Zheng Chenggong originally did not want to print it, but his father Zheng Zhilong had the opposite idea.
Since Emperor Haojing doesn't mind if Fujian prints its own banknotes, other things don't matter.
Everyone expects to exchange silver coins or commodities for banknotes printed by the court. Over time, they always feel very awkward.
Of course, Zhu Cixiang could guess the general thoughts of Zheng and his son, so he told them over the radio not to worry.
After Zheng and his son arrived in Minsk, they informed them of the technology of banknotes and the corresponding precautions.
The Zheng Group operates Fujian on its own, and naturally bears the risks on its own. In theory, the court has no obligation to rescue Fujian from its financial crisis.
It is not impossible to borrow one billion or eighty million for emergency purposes.
If he opens his mouth and asks for 18 billion, Zhu Cixiang can send the guests off directly...
If you do this, you are dragging me down.
Rather than being dragged into the water by you, I might as well kick you in the face.
Fujian is in short supply of everything. If the economy really collapses because of paper money, then don’t touch this thing in the future.
Zhu Cixiang believes that as long as Zheng Chenggong manages Fujian well, the national power of Fujian should actually be second only to the Ottomans, Incas, and France, on par with the Netherlands, and definitely surpass Sweden and Prussia.
What is gratifying for you is that up to now, Fujian's economy is still booming, and the level of most industries has reached a world-class level. It is not an exaggeration to describe it as prosperous.
The net financial income CSJ reached an astonishing 350 million silver coins, already surpassing France behind the curtain.
The main reason is that France has just completed its major relocation and is still in the economic recovery stage.
France should be very powerful in the later period, and I hope that the disciples can continue to maintain their advantage.
The net financial income of Fujian is about one-eleventh of that of Ming Dynasty, which is why it is so small.
The main reason is that the population of Fujian is small, less than one-tenth of the new native population of Ming Dynasty.
Due to the vast territory of Fujian, there is no problem of tight living space.
As long as the population increases, the net financial income will inevitably increase significantly.
At first, except for Fujian, almost all new immigrants from other places were unwilling to go to Fujian.
The reason is that the country of Fujian is dominated by Min and Hakka. Except for formal occasions, there are relatively few speakers in Beidou.
Northern dialect is not important. What is important is that most people in other places cannot understand Min dialect.
Many common people, especially those who have served in the military or have taken exams, can fully understand Beidu dialect.
Beidu dialect is also the language with the highest popularity and recognition rate in the entire Ming Dynasty. In the southern region, the popularity of Fujian is not as popular as Cantonese.
This prompted Zheng Chenggong to make great efforts to promote Beidu dialect. No matter in yamen, army or school, everyone must speak Beidu dialect and not Fujian.
Take ten thousand steps back, just in case the Master comes to Fujian again and meets with people from all walks of life, it turns out that these guys speak Min dialect.
What should I do to respect my teacher? Do I have to translate it myself first?
