Whether it is a private bank, a bank, or the Royal Bank of Ming Dynasty newly established by the imperial court, in the final analysis, it is all exchange behavior based on reputation.
If the people no longer have trust in a country, then the country is not far from destruction.
The reason why Ming Dynasty treasure banknotes were withdrawn from circulation is that the people no longer had any expectations or trust in the imperial court.
Xi Duanfan, who was in the front row, stood up, bowed towards Bi Ziyan and said: "What Bi Shangshu taught us is that we are shallow in our knowledge. Please forgive me!"
"Please forgive me, sir!"
Everyone also woke up and stood up to salute Bi Ziyan.
"Don't worry, Mr. Bi. I will definitely take this matter seriously when I do business and travel all over the country. Let me be a civilian supervisor!"
"Old Huang, you are right to the point. Bank drafts are not only related to whether our family property can be protected, but also related to the country's people's livelihood.
As a member of the Ming Dynasty, we naturally cannot sit idly by and watch this matter. We are also part of this matter. "
"Yes, we will monitor it voluntarily and voluntarily. We don't believe that those monsters dare to come out and cause trouble!"
"Actually, it's extremely difficult to make a counterfeit. Although we can't tell the difference between the micro-carvings, there are many other ways to identify them. With so many people doing it, you can tell whether it's genuine or fake the moment you get the money order."
"Since we choose to use this kind of money order directly during the transaction, we are mentally prepared and prepared to bear the consequences of being false.
If you are not sure, just go to the bank to exchange or go through the transfer procedures. "
"Yes, it's still the same sentence. If you don't have three points and three points, don't get on the beam."
"Hey, it seems that a loophole has been found. When we make a transaction, we can go to the bank and ask them to verify it. This is okay. We didn't withdraw any money."
"You're stupid, the custody fee is charged based on the amount of money deposited and the length of time it is deposited. When the time is up, the custody fee will still be charged!"
…
Everyone was talking a lot and had already begun to imagine future trading scenarios.
There is no need to carry a large amount of money on the road anymore, and the days of being afraid of eating and sleeping are gone forever.
As for forgery, they didn't take it to heart at all.
They don't believe that despite the various anti-counterfeiting methods and the court's harsh laws, there are still idiots who can forge.
"Everyone, please be quiet!"
Bi Ziyan shook the copper bell, and the clear ringing sounded, and everyone slowly became quiet.
"Do you have any questions about the money order? If not, I will announce that the Ningyuan Investment Promotion Conference is over!"
"Master Bi, I have a question!"
As soon as Bi Ziyan finished speaking, a businessman stood up and said loudly: "Master Bi, you should know why the Ming Dynasty treasure banknotes were withdrawn from circulation, right?"
With a simple question, everyone's faces instantly became serious.
Obviously he was asking why the Ming Dynasty treasure banknotes were withdrawn from circulation, but in fact he was asking how the court could ensure that it would not make the same mistake as the Ming Dynasty treasure banknotes.
In the eighth year of Hongwu, hundreds of officials reported that "today's public and private trade suffers from the heavy weight of copper coins and cannot carry them far." So Taizu ordered the issuance of banknotes following the Song Dynasty, which were called Ming Dynasty treasure banknotes.
The purpose was good, but unfortunately it did not learn the lessons of the Northern Song Dynasty, Southern Song Dynasty, Jin Dynasty, and Yuan Dynasty. It did not prepare a large amount of reserves. It only focused on issuing banknotes, but did not pay attention to the recovery of banknotes.
Common people can exchange gold and silver with the country for treasure banknotes, but they cannot exchange banknotes with the country for gold and silver.
An official does not even recycle the banknotes it issues, and its exploitative nature is already very obvious.
From the eighth year of Hongwu to the thirty-first year of Hongwu, in just twenty-three years, the value of Ming Dynasty banknotes had depreciated to one-sixth of its original value.
The imperial court forcibly implemented paper currency, so it ordered a ban on private gold and silver transactions, but the value depreciated seriously, so people bartered shamelessly. Zhu Yuanzhang ordered a ban on bartering.
After Chengzu ascended the throne and implemented the New Deal, various commercial taxes, fines for corrupt officials, etc. could be paid with treasure money, but the effect was minimal.
By the fifth year of Yongle, the value of the Ming Dynasty treasure banknotes had depreciated to one-thirtieth of what it was in the eighth year of Hongwu.
Renzong ascended the throne, abolished salt in banknotes, and recycled Ming Dynasty treasure banknotes on a large scale. Unfortunately, his reign was too short.
After Xuanzong ascended the throne, the imperial censor Zuodu of the Metropolitan Procuratorate actually proposed to implement the continuous sitting method to encourage people to report and report the behavior of unused treasure money.
…
Until the Chenghua period, the purchasing power of one tael of silver banknotes was only worth one penny, and its manufacturing cost had exceeded its actual use value. Therefore, the issuance of Ming Dynasty banknotes was stopped, but there was no explicit announcement to abolish the Ming Dynasty banknotes.
Interestingly, the emperor of the Ming Dynasty believed that the Ming Dynasty treasure banknotes could not be circulated because merchants were obstructing them and suppressed them in various ways, such as a one-time increase of ten times business taxes and so on.
The original intention of the Ming Dynasty Baochao was to provide convenience to the people, but after it became a tool to seize private wealth, the real reason for its withdrawal was the issue of credit.
There was no deposit preparation, no recycling, and no control over the number of issuances, resulting in rapid depreciation and blocked circulation.
Looking at the businessmen who were staring closely at him, Bi Ziyan suddenly smiled: "Since you are asking this question, you should know the real reason why Ming Baochao withdrew.
Now that I know it, I would like to ask you, is the Ming Dynasty short of money? "
Without waiting for anyone to answer, Bi Ziyan continued: "It is not convenient for me to disclose the exact amount of silver in the inner treasury, Taicang warehouse, Jieshen treasury, Changying treasury, etc., but it should be much more than you guessed. "
"Putting all this aside, I will give you some calculations. The Ming Dynasty is now trying to return the land to the people. The current estimate is about 900 million acres, with an average of six taels per mu, and a total value of 4.5 billion taels.
The interest paid off in twenty years is 20% interest, which is 900 million taels of interest, totaling 5.4 billion taels. The average for twenty years is 270 million taels per year.
In addition, the tax per mu is about four liters, and the total annual tax is 36 million taels. It is difficult to say how much the commercial tax is, but it is definitely not less than the field tax.
The total of these three is 340 million taels of silver. With such a large amount of silver, do you think the court needs to print some money orders privately? "
After a calculation, all the businessmen were wrong.
They were all frightened by Bi Ziyan's calculations.
He has hundreds of millions of taels of silver and can't even spend all the money. He still has to print money orders. He only does this if he has a bad brain.
In the future, if someone says the word "wealthy to the enemy", they will definitely slap them hard in the face. This is a slap in the face.
“Are some of you thinking that it only takes twenty years to return the land to the people, and there won’t be so much after twenty years?
But what I can tell you is that with the solid foundation of these twenty years, the Ming Dynasty will only be richer in twenty years. You can imagine the Song Dynasty. "
Having said this, Bi Ziyan paused and glanced at everyone: "Besides..."
