Chapter 120 How big is the financial gap?
In the crackling sound of abacus. Read the book
He Xi, Yang Shiqi, Yao Guangxiao, Yang Zhen and other core figures are waiting for the results.
Suddenly, the sound of abacus outside was heard to stop.
Someone immediately sent an order.
He Xi took it over and glanced at it, closed her eyes and leaned on the chair, saying, "Let's take a look."
Yang Shiqi frowned and handed it to Yao Guangxiao, but Yao Guangxiao's expression remained unchanged. When Yang Zhen saw it, his hands were shaking. He couldn't help it anymore. He said: "Sir, five hundred million is at least five hundred million yuan. What is the concept? After taking Nanjing, this is the imperial court's five-year income. And it is impossible for the imperial court to spend no money every year. I estimate that it will take at least ten years. This It is still based on the premise that the imperial court does not carry out large-scale construction projects. Moreover, sir, money has become increasingly worthless recently. As time goes by, I am afraid there will be problems."
Yang Shiqi said: "Price is not a big problem for the time being. Grain prices are destined to die. There is Nanyang grain, and the court is always paying attention to grain prices. Now Hebei and Liaodong produce a lot of grain. It is enough to be self-sufficient. It is just financially subsidized. Now the iron industry Prices of coal, paper, wood, etc. have not risen. Officials have not had much control over other prices. The one that has risen the most is cotton. Comparatively speaking, cloth has not risen much."
Price depreciation is a very normal thing.
He Xi discovered too many currencies.
Even if there is overseas market sharing. But prices are still going up. However, all industrial products have expanded production. So there is no price increase, and even if there is, it is not much. But some products cannot be produced industrially. Not at this price.
The biggest problem is Beijing’s housing prices.
To put it bluntly, Beijing's Shuntian Prefecture is now extremely rich just by collecting rents. He Xi's real estate in Beijing is almost worth millions. Of course, He Xi's property is in the best location in Beijing. It is separated from the Forbidden City by a wall.
There were dignitaries all around. Even if you look at the world, you are first-rate.
But the problem is, no matter how good it is. There has never been a million-dollar mansion in this world. When He Xi ran the business, he only spent more than ten thousand taels.
Cotton's problem is serious, and He Xi had foreseen it early. The Shandong War itself had the idea of competing for cotton production areas. However, due to the war, Shandong cotton production was reduced on a large scale. And mechanical weaving. Much cheaper than labor. And there are too many wage earners in Beijing. They all have the need to buy cloth. Therefore, as long as the cloth is woven, there will be no worries about sales. In this case, it happened that the price of cloth did not increase much, but the price of cotton increased a lot.
Even in extreme cases, there was a situation where the prices of cotton and cloth were upside down.
After all, it costs so much to open a textile factory. If the people below are allowed to stop working, the losses will be even greater. Sometimes you just have to grit your teeth and persevere.
Of course, there is also the impact of Nanjing's textile industry.
I have to admit that the Jiangnan region is naturally suitable for the textile industry. We cannot say that the North is not suitable, we can only say that it is not as suitable as the South.
It can be summarized that except for industrial bulk commodities and food, prices of everything else are rising. However, precisely because of industrial output, this price increase has pushed more and more pressure into other fields, including houses, calligraphy and painting, antiques, and other luxury goods.
But anyway. This wave is real.
In the dead of night, He Xi was also thinking about whether Beijing's economy would collapse before Nanjing's. But after thinking about it, he thought not. Without him, Beijing’s economy has a lot to pass on. Nanyang, the East, and the Western Regions. Moreover, Beijing's industrial production capacity is where He Xi's confidence lies in doing so.
As for currency devaluation. He Xi had no choice.
You must know that one yuan of today's RMB itself corresponds to one yuan of the wrongdoer, which is one Spanish silver coin. Seven denarii. It can be used as a tael. Look at the difference between a tael in ancient times and a yuan in later generations. You know, when industrialization begins, currency devaluation seems inevitable.
Even if there is no war, this situation will happen.
After all, with so many goods being produced, if enough currency is not issued, money shortages will occur. And money shortage is deflation.
It has appeared repeatedly in the Song Dynasty, and it is not a good phenomenon.
And proper expansion is much better than deflation.
But how to prevent appropriate inflation from turning into vicious inflation is what He Xi is worried about.
"Sir, in my opinion, five hundred million is too little. At least one billion." Yao Guangxiao said surprisingly.
Yang Shiqi was stunned and said: "Mr. Yao, you don't know how expensive firewood and rice are when you are not a rich man. I don't know where you went to borrow these 500 million yuan. If you pay back 1 billion yuan, I don't even know if there is such a high price on the market." Money. If we release so much money, what kind of situation will it be like? Maybe something big will happen."
He Xi also frowned.
300 million yuan, the national debt alone may be able to solve the problem. But for 500 million yuan, it’s all about pressure. Not to mention a billion yuan. That's ten years of fiscal revenue from the Ming Dynasty.
It's not that He Xi is worried, he is worried about the various problems that will arise from the large-scale water release. Can inflation be controlled?
Yao Guangxiao said: "Sir, I don't understand financial matters. I can't determine how much money this loan will cost. But what I want to say is that the more, the better. The more adults, the more stable the situation will be after the war. . The more people in the world, the more they rely on you, and the more you can do."
"Now there are some things that we have to consider."
He Xi immediately understood Yao Guangxiao's thoughts.
Yao Guangxiao is adding chips to He Xi.
He Xi is actually worried. People in the world are indolent and indolent. However, the Confucian system is a static and contentious system. There are very few court affairs in the Confucian system. After the He Xi Reform, the Ming court was extremely busy.
The center alone has expanded more than ten times. In the Ming Dynasty, there were more than 10,000 civil servants. And here in He Xi, there are more than 10,000 officials in the more than 20 central ministries and various agencies. I’m talking about officials here. He Xi included a large number of officials among the officials. It also opened up the channel from clerks to officials. But the number of officials is still higher than that of officials. That is to say, if the number of officials is counted, it is estimated to be doubled.
Under such circumstances, many people are actually very worried.
Many people actually don't want such a court. This is not the court in their minds. There are too many things, and the big man they think of is different.
He Xi worked hard to establish a civil service system to replace the feudal bureaucracy. Unfortunately, there are still many problems in He Xi's system, but even so, many people are already unhappy with He Xi.
Now it is just the war that suppresses these strange voices.
When there is no war, these sounds must be heard.
Yao Guangxiao felt that He Xi needed some chips to prevent others from moving. In his view, debt is leverage.
The Ming Dynasty was very traditional in its financial management ideas. If it weren't for He Xizai, the matter of national debt would not have been possible at all. Even now it works. It was also used as a temporary stopgap measure. It's impossible not to pay it back. And pay it back as soon as possible.
Although He Xi doesn’t think that a billion in debt is nothing?
Not to mention, as long as the industrial revolution spreads to the whole country and integrates the national production and market, the Ming Dynasty's commercial tax will increase to what extent. Just talking about currency depreciation, even if the interest on national debt is added, it is not a big problem. .
Even He Xi doesn’t know whether these people can beat inflation.
But others don't have He Xi's confidence.
When I think of replacing He Xi as the chief assistant, I have to replace He Xi to pay off the billions of debts. It is estimated that many people will be deterred. Even Zhu Xiongying has to think about who can do such a thing in place of He Xi. At least it can buy He Xi a few years to suppress the conflict between Zhu Xiongying and He Xi.
But it can only be suppressed.
Yao Guangxiao thought to himself: "My lord, what do you think? Even if I do this, I can only suppress the conflict between you. It will always break out in the future. Do you really want to succeed? Retreat?"
Yao Guangxiao did not ask about this matter. But he doesn't quite believe He
Xi this promise.
