Chapter 135 The New Banknote Collapse
Ding Xian also had no solution for the root cause.
Generally speaking, the trade between Nanjing and Beijing is in deficit. Nanjing needs more goods from Beijing. Before, Beijing turned a blind eye and acquiesced to the exchange of banknotes between the north and the south. Now once it is cut off, Yao Guangxiao is making trouble internally. Almost returning the new banknotes to their original shape.
It's almost like a voucher.
It is impossible for gods to save him.
Not to mention, Ding Xian knew nothing about these contents. From an intellectual level, he was completely suppressed.
The only thing he could think of was to find more old Beijing banknotes to maintain the current price ratio and not allow it to fall any further.
Because if it continues to fall, something will happen.
You must know that Nanjing uses new banknotes to pay military salaries to the subordinates, pay salaries to hundreds of officials, etc. Every time the new banknotes fall, it means that the expenditure of the Nanjing court must increase. Otherwise the purchasing power of these people's money will be reduced.
These are not ordinary people. They were the biggest supporters of the Nanjing court.
Once they no longer support the Nanjing court. It would be difficult to maintain the Nanjing court.
Ding Xian could only find money.
But who to go to?
Honorable nobles, major merchants, and other wealthy people, etc.
Ding Xian used all means, both soft and hard. He even did not hesitate to confiscate his family and exterminate his family. Finally got some money. A one-to-one price comparison has been maintained. Although the restrictions are getting stricter. But there are more and more people who want to exchange.
After all, after exchanging it, you can go directly to the black market to exchange it for new banknotes. This time, you will get a lot of profit.
It’s just free money, who wouldn’t want it?
And Yao Guangxiao has no restrictions. Yao Guangxiao intervened in many businesses through Cao Guogong and Wei Guogong, and nothing else. They just use old Beijing banknotes to sell things and smuggle a large amount of goods into Beijing. If you can't smuggle it, you will temporarily hoard it. With a purchasing power of 300 million yuan, all the cloth, grain, cotton and other goods on the market were purchased in one time. Money can't buy anything.
After Yao Guangxiao monopolized the market, naturally many people came to buy.
Yao Guangxiao made it clear that there would be no new banknotes. As long as Beijing old banknotes are used, he doesn't care about making money. Although he has made a lot of money, what he wants is to drive out new money from one industry to another. Under Yao Guangxiao's financial advantage. There are more and more old Beijing banknotes circulating in the Nanjing market. There are more new Nanjing banknotes in circulation.
Without him, most people would spend it when everyone knew that Nanjing's new banknotes were unstable and would depreciate.
Thanks to Yao Guangxiao's efforts, one industry after another stopped using new banknotes, and the circulation range of new banknotes became smaller and smaller. In the end, it all came down to dealing with the court. At this time, although Ding Xian still managed to maintain the central bank's one-to-one exchange window.
But the price comparison on the black market has been infinitely close to one to two.
Ding Xian is at the end of his rope.
First, they suffered a loss from the imperial court. If the new banknotes depreciate, if the court maintains the original taxation, it will mean that the court will suffer a big loss in taxation. Moreover, a large amount of old Beijing banknotes flowed out, and Ding Xian lost money.
This cost is no longer affordable.
Secondly, the cost of living for officials and soldiers is increasing day by day.
Many people have already responded to Ding Xian.
Ding Xian himself didn't care much. After all, Ding Xian is no longer the poor boy he was back then, and now his wealth is nothing short of an adjective. Even if the value depreciates again, Ding Xian will not have any problems in life, not to mention that from the beginning of this crisis, Ding Xian has already disposed of his property.
He didn't make much money from this incident.
Because he knew that if he made money from this turmoil, it would be too eye-catching. It's just a way to keep yourself from losing much, but there are still ways.
But many officials and officers and soldiers cannot afford this price. They all only lived on their salaries, although Zhu Yuanzhang initially increased the salaries of Ming officials. But not much. Now it has depreciated by more than half.
Not at all
Acceptable.
But no matter whether Ding Xian is willing or not, things have reached this point, and the rest of the things are beyond his control.
He was forced to close the exchange window.
And they are brewing salary increases and tax increases to maintain balance in the court. But he never expected it. The impact of what he did was too great. After he rashly closed the window, the ratio of old banknotes to new banknotes was no longer one to two.
But one to four.
Yao Guangxiao took action without hesitation and smashed the score to death.
After that no one bailed out the market anymore. From one to three, one to four. Smashing down almost without limit.
The policy that Ding Xian just formulated became obsolete within a day.
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Ding Xian knelt in front of Zhu Yunwen.
Nothing to say.
Zhu Yunwen's eyes were filled with murderous intent, and he even wished he could rush forward and kill this man at this moment.
Because of the collapse of new banknotes, various impacts have come.
First of all, there are hundreds of officials, many low-level officials, and now they don’t even have enough to eat. That's all, the most important thing is the army. There is even a risk of mutiny in the military. The army needs to be paid. If you don't have money, why would they serve as soldiers for you?
Not to mention that the firearms army requires a large amount of logistical supplies to maintain. The collapse of new banknotes and the price change every day have resulted in many goods being unavailable in the market. Many businessmen are afraid to open their doors for business. Because if they don't use the new banknotes, the court will cause trouble for them. After all, they were doing business with the imperial court. But if they use new banknotes, then this business will not be profitable anyway.
It’s just a question of how much to pay.
But the army needs too many supplies. They simply can't afford to pay. They can't afford to pay for it with their family's lives.
They just have to close their doors.
But as a result, all aspects of economic activities have been interrupted.
The entire Ming Dynasty is now in danger.
Not to mention, facing pressure from Beijing.
Fu Youde is still thinking about counterattack. Don't even think about it now. Being able to keep the army from collapsing is already very impressive. In other words, the strategic initiative is handed over to Beijing.
In this situation, how could Zhu Yunwen not want to kill Ding Xian.
Just killing Ding Xian is useless. Who will deal with this situation?
Zhu Yunwen hasn't thought about it yet. He decided to give Ding Xian another chance and said, "Ding Xian, what do you have to say now that things have happened?"
Ding Xian said: "My crime deserves death. I have no face to see your father. But in this situation, if I die, I am irresponsible to the court. So I want to use my little power to save the crisis."
Zhu Yunwen said: "What are you going to do?"
Ding Xian said: "Please open the treasury and use gold and silver to pay the army."
Zhu Yunwen looked at Ding Xian and said, "You know, what are you talking about? How much money is in the treasury? It's not that you don't know."
Ding Xian said: "I know that the gold and silver in the treasury is only about 20 million taels, which can support the army for about three to five months at most. However, my idea is to mix it with new banknotes of gold, silver and grain and distribute them. , probably can support it for a longer period of time.”
This method is to change the color.
It was often used in the Ming Dynasty court to convert real objects into salary.
This is also the last resort that many people think of after the depreciation of treasure banknotes.
Zhu Yunwen said: "Even if you persist for a while, what will happen?"
Ding Xian said: "I recommend one person, and that is my senior brother Huang Zicheng. He is one of He Zei's favorite disciples, and he was originally in charge of the affairs of the Shaofu. I thought that I should follow the example of He Zei's old affairs in Liaodong and issue bills. This will be put on the market. All the so-called materials in the world are collected in the hands of the imperial court. They can be used by ticket, and the manpower and material resources from all over the world are gathered for the imperial court's use."
"The purpose of the previous change was to buy time for the court to adjust."
Zhu Yunwen didn't understand what Ding Xian meant and said, "Is there any memorial about what He Xi did in Liaodong?"
Man
Xian immediately handed over a memorial with both hands, and he had already prepared it.
Zhu Yunwen took it over and looked through it carefully. Lost in thought. Ding Xian's back was already covered with cold sweat. He didn't know if this method could fool Zhu Yunwen.
Yes, just fool it.
Zhu Yunwen may not know, but Ding Xian does. He Xi's method was very reluctant to be implemented in Liaodong, let alone in Nanjing.
