Only the Great Song copper coin is the most stable hard currency. Just because the Great Song Dynasty was advanced, almost all of Asia now uses Song copper coins. Silver is more difficult to store, while gold still has large fluctuations in value and is not too stable. Therefore, during this period, the copper coins of the Song Kingdom were hard currency.

However, the value of copper coins is low, and if they are used for a large number of long-distance cross-regional trade, in addition to the large losses, the cost of transporting copper coins alone is very frustrating.

However, despite this, copper coins are still the most popular, and the local tyrants are because their assets are too large and they have no choice but to allocate assets such as gold and silver, but if they are the people, it is troublesome for them to give them gold and silver. Only the copper coins of the Song Kingdom have the most stable value, and they can basically buy what they want at a clear price.

Because of this, in this era when productivity is insufficient and copper production is insufficient, the deflation of the Great Song Dynasty is very serious. Originally, it was only used for the domestic circulation of the Great Song Dynasty, but there were still countless caravans who liked to leave the country with the Great Song Dynasty copper coins, which exacerbated deflation. So very early on, the imperial court issued a notice prohibiting copper coins from leaving the country, and it was a felony that exceeded the usual scale.

Of course, this law cannot be enforced at all, it is basically inoperable, and there is still a steady stream of copper coins leaving the country.

Everyone knows that Jiaozi is paper, but as a last resort, some of the most reputable and large-scale firms are allowed to issue Jiaozi. In addition to Jiaozi, Chengdu and Shaanxi also participated in the use of a large number of iron coins, which were still insufficient, because the iron coins were taken away by foreign businessmen and used as "American knives".

It seems that when there is less money, the money is worth more, which should be a good thing?

In fact, objectively speaking, where does the money come from in the hands of ordinary people. Since ancient times, money has been concentrated in the hands of a few local tyrants, and once the money is too valuable, it is equivalent to the people of Zhumen who can buy the entire country at a very small price.

What is the worst of it? Bai Yutang personally said that when he practiced swords on the beach in Guangzhou, a copper coin could buy a handful of river shrimp or a fish that was not too small. This is equivalent to the value of labor being depressed to the extent that it is almost free, and it is too difficult for ordinary people to earn copper money.

Although Guangzhou was backward in this period, it was a big city, and if Guangzhou was like this, it was completely conceivable that the backward mountains and wilderness were probably in a situation of bartering.

To put it bluntly, the characteristic of capital is "collecting money". What happens when they make money in their hands and the people have no more money?

There will be no money to be made, so they don't need to produce, so they will fire the workers and sell the equipment. This manifested itself in the numerous economic crises of the white-skinned industrial countries throughout history.

So why did Bai Pi relieve himself several times in the early days?

Because of the sudden appearance of natural gold mines. After a wave similar to the "San Francisco Gold Rush" set off, the unemployed untouchables moved their families to join the gold rush, and in the midst of blood and tears, they gnawed on elephants and obtained some of the gold they owned.

Yes, because of the "falling from the sky" liquidity injection, the white-skinned economy came alive again. Because the most unaccustomed thing for capitalists is that "gold appears in the world but is not in the hands of Lao Tzu".

So to make money, the capitalists once again unsealed the workshop and hired workers to produce, the purpose is very simple: to earn the gold that has just appeared, and hold it in their own hands, so that the idea can be reached.

That's pretty much it. To put it bluntly, gold cannot be eaten, used, or even used in industry, and the emergence of gold has not brought about productivity and innovation.

But because it is the target, and because of the gold rush, some of the gold has been dispersed in the hands of the people, allowing them to gain purchasing power. As a result, the whole white-skinned world has stumbled into Industry 2.0.

So the root cause of the economic crisis is the problem of distribution. There is a legal system that correctly exists, and distribution cannot be carried out under normal circumstances, and Bao Zheng's legal system strictly prohibits "freezing bones to take away the stinky wine and meat in Zhumen". However, the emergence of easily available gold deposits is equivalent to "natural water injection", which solves part of the distribution problem among human beings.

Later, when the productive forces were more advanced, the materials were more abundant, and there were no more easy gold deposits to pick up, the famous World War 2.0 officially began.

Far from it.

Based on these circumstances, the Great Song Dynasty originally had a very serious deflation problem, and it can be seen that with the development of productive forces in the future, there will be more materials, and there will be no corresponding liquidity injection, and there will be more serious deflation.

Currency is credibility and needs the endorsement of the military. Therefore, taking advantage of the victory in the Battle of Hehuang now, Wang Yan is thinking about taking the opportunity to solve the problem of mobility.

Another way is to pass through the island and use a large amount of industrial materials to offset in exchange for their inexhaustible silver into the Great Song Dynasty to inject liquidity (this is also equivalent to opening a money printing machine to print money, and the cost is higher than printing directly).

But while this route is safe, it is equivalent to an extra detour and a waste of productivity.

The scale of silver on Wadao may be able to solve the problem of an agricultural country, but Wang Yan believes that with the size of the Great Song Dynasty, once it enters the process of an industrial country, that bit of silver is only a drop in the bucket, and can only be used as an excess, and it will definitely return to paper money in the end.

Then the Great Song Dynasty advanced in these places, and the initial form of paper money has already existed.

The so-called paper money, technically speaking, is the central bank's debt to the people. It will have a more rigorous set of asset-liability logic, and it will be expressed in a tabular situation.

Then the Jiaozi issued by several major firms in the Great Song Dynasty are the "bonds" issued to the people after the firms endorse them with their own assets and reputation. When this balance sheet is out of balance, that's when things go wrong.

In fact, history proves that in the Great Song Dynasty, the thinking was surprisingly advanced, but the supervision and operation of this were relatively poor, which eventually led to the failure of Jiaozi.

Therefore, Wang Yan's idea is that in the future, the Jiaozi issuance qualifications of all firms will be integrated, unified supervision, and the "joint-stock system" situation, combined with state-owned assets and private assets for double endorsement, and then issue a unified "Song Jiaozi".

This is theoretically feasible, not only to achieve a balance of interests, but also to bring together all the assets and credibility forces. In fact, such a giant institution is not unfamiliar, and there is a similar thing in later generations that it is called: the Federal Reserve Board of the United States.

That's all there is to it under the sun, and the soil of the Great Song Dynasty seems to be the most suitable for this. That is to say, in the future "Song Jiaozi" issuing institutions, like the thieves of later generations, Ye Qinghua and others will also become "shareholders of Song Dao issuance rights".

Dayan also has two licenses, so it can also become one of the giants and has a greater right to speak.

The theoretical basis is that Song Jiaozi is a debt to the people of the world, and needs to be collateralized by corresponding assets and reputation. And Ye Qinghua, Cao Ji, Wang Yan and others have a huge scale of assets, and this kind of shark also has the strongest connections and influence in the pill party in various countries, so the assets of these multinational big profiteers are merged into the overall planning, and Song Jiaozi will of course have the strongest credibility and persuasiveness.

In the case of no revolution, in the Great Song Dynasty, you can't take away what people already have, this is the red line.

Therefore, those big businesses can't take away the existing financial licenses in their hands, because after all these years of operation, the bundle is too deep, and basically the sky is falling apart at every move.

We should not continue to allow them to show their talents when they are not well supervised, and continue to mess up their financial policies in their own ways. Then there is only a centralized joint-stock system, which is the initial form of the "Great Song Joint Financial Reserve Committee" in the ideological model of Dayan.

Unless they are killed, they must be united, and this road can be continued. State-owned assets have almost been sold cheaply by those guys, so now the government's own friends and people's voices are worse than those of the firms, and even the government itself doesn't want it.

Taking the household department as an example, when collecting taxes and posting accounts, they only accept the coal communication bank, the agricultural communication bank, and Ye Qinghua's jiaozi, and do not want anything else.

It's far away.

At the scene, Wang Yan handed over the child to the blind felt, and after counting the "deposit receipts" of the gold he sent, the blind felt accepted it, and then left the handsome tent.

In this regard, Wang Yan sighed and muttered: "Blind felt is not a mallet, but unfortunately his existence will be detrimental to the interests of my Great Song Dynasty in Hehuang in the future." So Cheng is also Xiao He is defeated, and this time I will never appoint him to send troops on behalf of Qingtang. ”

Mu Guiying couldn't help but sigh, to say that Di Yong admired the blind felt, at that time in the guerrillas in the southern district, the blind felt was also quite military, brave and strategic.

Wang Yan smiled slightly: "I know what the eldest lady thinks." First of all, these boxes of gold are intriguing, which reminds me of the guerrillas who robbed the people in the southern district at that time. The gold was indeed Qingtang, but after being robbed by the Tanguts, it was used by Zhuo Luolan to buy the grain in the hands of the people at a high price, and in the end there was no way, so he robbed the grain and gold in the hands of the people. In view of the widespread problems of the guerrillas in the southern district at that time, even Di Yong did not know that it was organized. Di Yong thought it was spontaneous. ”

Wang Yan said again: "Secondly, it can be seen that the blind felt simply sneered at our Great Song Dynasty's Jiaozi and didn't care. ”

Mu Guiying said: "I'm afraid you're thinking too much, he accepted the handover, and he smiled cutely." ”

Wang Yan shook his head and said, "That's the problem. He was anxious to lead the army to show merit, and came to bribe me with two boxes of gold. In this case, if I give him a gift in return, theoretically he will never accept it. So I gave him a few papers, and he accepted them because he didn't believe in them at all, thinking that they were just a few pieces of paper, which was too far from his real money, so he would accept them. If he trusts Jiaozi's value, he swears that he will not accept it. ”

Mu Guiying couldn't help but sigh.

Wang Yan said: "It is undeniable that Jiaozi is really paper. But in fact, the whole world is built on faith and trust. If you don't trust Jiaozi, you don't trust me, since he doesn't trust me, don't say that he has a grudge against him, but I won't hand over the future of Qingtang and Da Song to such a person. Under such circumstances, the more he can fight and the higher his prestige in the Qingtang army, the more unfavorable it will be to the future Great Song Dynasty. That's politics. ”

Mu Guiying took a deep breath and said, "You really can...... Longevity. ”

Wang Yan said: "You scolded me for being a traitor again." ”

Mu Guiying raised his hand and touched his head: "It's a little better, you jumped again, drink the medicine and go to sleep." ”

However, it doesn't work, Blind Felt is not wrong, the so-called soldiers are fast, and the counteroffensive should be deployed, Wang Yan had to cheer up again and summoned Qingyi Jiegui Zhang and Dong Yu.

After the people came in, Qingyi made a ghost and said, "What is the matter with the Xianggong summoning me?" ”

Wang Yan looked sick and took out a handover, and handed it to Qingyi to hand it over to Qingyi.

Wang Yan said, "Do you trust this thing? Answer me simply. ”

Qingyi Ghost Zhang scratched his head for a moment, and said a few words with Dong Yu in local dialect, and then said with a smile: "We don't trust paper, but we trust you and Song Guo." ”

Wang Yan and Mu Guiying glanced at each other, and saw that Wang Yan nodded slightly, so Mu Guiying said in the following words: "My father-in-law's spirit is not good, so I will simply say that you have the backbone and have never wanted my Great Song Dynasty assistance, but if you don't help, you won't be able to fight a counteroffensive war." In view of the restrictions of the "Detailed Rules for the Dispatch of Volunteers", our Volunteers do not have the authorization to set foot in the territory of Western Xia, so the counteroffensive from now on must be completed by your own strength in Qingtang. ”

After a pause, Mu Guiying continued: "It's okay not to help, you need to transport the ships from the Song merchants to the shore to buy the things you need." ”

It's no problem to fight, but Dong Yu and Qingyi got into trouble and said together: "Originally, I was rich in Qingtang, but the wealth was robbed and destroyed by the Xixia people, and I ...... it temporarily."

Mu Guiying interrupted: "Qingtang horses are also easy to use, now my family is planning to expand the bilateral Qingtang horse trade, according to the original price, our volunteer army ordered a batch of war horses in advance, allowing you to gradually deliver them within three years, but the money can be paid to you now, and then you can buy the materials needed for the army from the Song merchants." ”

Dong Yu and Qingyi couldn't help but lick their mouths, if this is the case, the conditions are too good.

So it's a shot.

Even if the payment for this order is a bunch of colorful papers given by Wang Yan, he is very happy. As they said, they didn't know what it was, but they trusted Wang Yan. Will trust at least once......