The Gu family has three sons, and the second sons, Gu Miao and Wang Rui, are of the same age, and they have made great achievements in business. It is precisely because of his insistence that the Gu family will enter the exchange to buy stocks, otherwise with Gu Sizhi's thoughts, it is impossible to touch stocks.

The person who spoke was Gu Miao's friend, Gu Sizhi was so angry that his temples were bruised, and he gritted his teeth, but he didn't have a seizure in public, and he fell ill the next day after returning home. The second son came to visit, but he was also turned away.

While the exchange is in full swing, the crisis is also looming. As Gu Sizhi said, after the freshness passed, everyone began to calm down and think about whether the stocks they invested in were worth the price. After a round of crazy rise, the stock market has entered a bottleneck period, although it has not lost its price, but it has also stagnated growth. Looking at this situation, it probably won't take long for it to be really short-lived.

The fundamental reason for this situation is that the price of copper coins is still strong relative to the invisible and intangible stock price. Investors are still more willing to store copper than to invest their money in liquid assets. There is only one way to solve this problem, and that is to break people's stereotypes of copper.

In a timely manner, the Datang Business Daily fully announced the news of the discovery of a huge silver mine in Huining and the discovery of a huge silver mine in the Wa Kingdom, which had been put into mining. The disclosure of this news is detailed, not only introducing the reserves and expected future output, but even how much production is now.

As soon as the news came out, the whole world was in an uproar.

The court is robbing!

In these years, who doesn't know that the court is poor? If there was no Li Mu, who was born out of nowhere, the treasury would not be able to open the pot until now. came out with a Li Mu, which turned the world upside down, and it was not enough to help the court make money all over the world, so he dug up two silver mountains. What is this not a robbery?

We work hard to make money, that is to capital, to invest, to operate, you can be good, dig directly from the soil, and it is such a big mine, a mine that cannot be dug for several lifetimes. This money has flowed into the market, can prices be stabilized?

This is silver, silver is more expensive than copper, and if so much silver flows into the market, copper coins are bound to depreciate sharply. When the time comes, won't the copper coins that have been stored at home for generations be worthless?

The news of the silver mine spread like wings. A great panic was triggered, and the gentry everywhere were in constant fear. Some people try to take risks, but the Tang Dynasty at this time is not the end of the Sui Dynasty, the imperial court soldiers are strong and strong, and you can take risks if you want to?

Moreover, before the news was sent, it had already been circulated within the military department. Next year, Datang will gradually implement the conscription system, and soldiers who are already government soldiers will enjoy preferential treatment. After becoming a recruit, you will be paid as a soldier. Under this premise, it is simply wishful thinking to want the shareholder sergeant to rebel!

Rebellion is impossible, so you can only accept it.

Money is becoming less and less valuable, and the best way to preserve its value is to spend it, and when it is not too worthless, spend all the money and turn it into something that preserves its value.

What holds its value? The first one, the land! However, the new policy of Zhenguan land reform is being implemented throughout the country, and the private sale of land is completely contrary to the Tang law. Trying to hoard land to preserve its value is already a dead end.

Second, the depreciation of copper coins and the depreciation of silver, so isn't it enough to turn copper coins into gold?

Everyone did the same, and for a while, jewelry stores across the country were robbed, and gold had a price a day, and finally there was no market. Obviously, the amount of gold reserves is not enough to withstand this impact.

At this time, the Luoyang Trading Center announced that, like the Yangzhou Exchange, it would accept the occupancy of private capital. The people who had money in their hands and had nowhere to spend it immediately pounced on them like flies that had found stinky meat.

Since there is nowhere to spend the money, I have a head office for trading, right? The imperial court also tacitly supported this, as long as it can accommodate labor, it is beneficial to the community to buy and sell, rice, flour, cloth oil, coal ore, etc., as long as it is a business, after the audit, all are allowed to be listed. Countless private capital inflows, Luoyang Trading Center actually created a net inflow of millions of funds in three days.

Yangzhou does not dare to be the only exchange in Jiangnan. The capital reserves are not less than those in Luoyang, as Wang Rui said, the general trend is unstoppable. Finally, 20 days after the establishment of the exchange, it reached a single-day trading volume of more than one million.

This round of financing has created many wealthy people with thousands of pockets. At the same time, the birth of a buy and sell has also given birth to countless jobs and absorbed countless laborers. But everyone who had a little bit of craftsmanship was robbed, and as the price of goods rose, so did the wages of these workers, and within a month, the wages doubled. Now in Yangzhou City, an ordinary laborer costs 200 wen a day.

The rise in prices has caused Li Shimin to worry. But after paying attention for a while, he found that although prices were rising, there was no riot in the market. The reason is that although prices have risen, people's incomes have also risen, and even if there is some offset, on the whole, the people have more money at their disposal than before.

And as incomes have increased, the situation of bartering has improved. In the past, people liked to barter transactions between people, and some things were inconvenient to divide, making transactions difficult. Now it's different, you can get a hundred dollars in your account after a day's work, everything can be quantified, and it is easier to trade.

Li Shimin couldn't figure out the problem, so he called Li Mu and asked him to explain.

"Your Majesty, this truth is actually not difficult to understand. Prices are rising, for the simple reason that there is more money in the market. But Your Majesty thinks about it, is it just because of the news that the ministers have released the silver mines? It is a mountain of gold and silver, and the number is also limited. What's more, the money hasn't been refined yet, and it's still in the stone. The reason is because people all over the world are worried that the imperial court will benefit from this! ”

"Worried about the court's gains?" Li Shimin said angrily: "How dare they do this? Am they the only ones who can benefit, and I can't get it? What a reason! ”

"Your Majesty, in fact, you can't blame the people of the world for this. All people have a simple truth when it comes to money. That is, if the money is hard-earned, it is legitimate, and even if someone is jealous, they will not say anything. But if it's like this, digging out of a stone, and it's a lot of money, they feel unbalanced. But what can they do? Rebellion could not succeed, so it had to be passively accepted. ”

"They knew that the value of the copper coin was depreciating day by day, and that they would have to spend it in order to offset the depreciation. The previous implementation of land reform by the imperial court has blocked the possibility of their hoarding of land. And other investments are not enough to accommodate such a huge amount of money in such a short period of time, just at this time, the minister opened the Luoyang Trading Center to give the northern gate valves a channel for investment, and they naturally have to accept it whether they want to accept it or not. ”

"There is no shortage of money in this world, but all this money is in the treasury of the clan, everyone is hiding money, but the money in circulation is rare, and now there is more money in circulation in the market, natural prices have risen, and copper coins have depreciated."

"But in everything, we must return to a fundamental. Fundamentally, the silver mine is still in the stone, and the silver we mine has not yet entered circulation. So, in essence, the elements that make copper coins devalue are actually non-existent. The current situation is because people have the expectation of depreciation, so they ...... The money that should have been hidden in the treasury was all circulated, and people did not dare to hide the money, and the money on the market increased countless times, and more people naturally ...... in order to exchange the money for firewood, rice, oil, salt, and even cloth and all the people's biological resources And that's what these things are all about. ”

So when they came back to their senses and found that the copper coins had not depreciated as much as they had expected, and that they had less cash in their hands, the investment frenzy would stop. The price increase will also stop, everything will slowly return to the original track, and the copper coin will appreciate again. ”

Li Shimin frowned and said, "In this way, isn't the exchange going to be closed?" ”

Li Mu smiled and said: "Naturally not, first of all, the exchange has spawned countless shops, involving countless industries, these industries must be profitable, since they have invested, can they withdraw casually?" There's a lot involved. In addition, the minister will not allow this to happen. When the copper coins on the market are about to appreciate, the minister will put the silver reserves into the market, so that the copper coins will have the essence of depreciation, and the money in circulation in the market will also increase. And the money invested in this way is the extra money that can be used by His Majesty! ”

Li Shimin frowned and thought for a while, and said: "You mean, with this money that is not in the market, put it into the market to buy things, doesn't that mean that I am a white wolf with empty gloves?" ”

"Uh," Li Mu's face was embarrassed, in fact, this truth is no different from starting the money printing machine in later generations, shamelessness is a bit shameless, but it works!

Li Mu grinned and said, "That's the thing, but you can't say that, Your Majesty is rich all over the world, how can it be said that it is a trick?" The minister categorically does not allow His Majesty to say this about himself! ”

"It's not me, it's you!" Li Shimin snorted and said; "You're so calculating!"

"Your Majesty is really wronged when he says this. What can the minister do? Your Majesty wants to recuperate again, and you want to conquer Goguryeo, where will the money come from? The minister racked his brains to come up with this best of both worlds, how can His Majesty say that the minister is calculating? After that, Li Mu looked resolute and said: "If it is a calculation to serve His Majesty, to serve the country, and to seek the welfare of the people, then the minister is calculated, this crime, the minister admits it, let the historian write it in the history books, and let the future generations spurn the minister!" ”

Spurned by the Hereafter? I'm afraid it's not admired by all eternity, Li Shimin didn't bother to entangle with him, and said: "In short, there is still a trace of worry in the market today, the New Year is coming soon, I want you to let everything settle before the New Year." I hope that after the New Year, I have to go back to Chang'an, Cheng Qian is young, and he still has less sense of proportion, and if he does not return to the court for a long time, he is afraid of chaos. Moreover, I am also very worried about the queen's illness. ”

Speaking of Empress Changsun's illness, Li Shimin frowned: "Three years ago, Doctor Sun said that he would go to Xuelian to treat the queen, but there was no news. I sent people to look for it, but there was no news. I can't count on it, in the future, Yangzhou Port will be connected to the four seas, if there is any good medicine for the symptoms, I must pay careful attention to it for me and the queen. ”

Li Mu agreed, but Li Shimin was a little tired, so he asked Li Mu to retire.

……

In the resettlement village, the Turkic people who have gradually adapted to their new life are about to usher in their first 'Tang Dynasty'.

Each ethnic group has its own customs, and the Turkic people do not have the concept of 'year'. Strictly speaking, the Turks do not have an accurate calendar, and their calendar changes according to the four seasons, with winter coming earlier and spring coming later, and the difference between up and down for a month and a half is a normal thing for ordinary people. No one cares about that.

But in the Central Plains, this cannot be the case, and the Central Plains people have always paid great attention to the season. The Chinese New Year is the most important thing of the year, but it can't be sloppy.

As for whether the Turks want to celebrate the New Year, the 'white collars' in charge of resettlement have also discussed. In the end, it was agreed that in order for the Turks to integrate with the natives more quickly, the New Year should be celebrated, and it should be enjoyed well. After layers of reports, the above finally approved it. During the Chinese New Year, I take seven days off. The stewards of all the resettlement villages should teach the Turks the etiquette of the New Year, but they should not be compulsory. Give them the right to choose, and during the Chinese New Year, organize some celebrations. It is necessary to take into account the differences between the Turks and the natives, seek common ground while reserving differences, and celebrate the Spring Festival.

I want to have fun during the New Year, and the party is just right for everyone's thoughts. Although the Turks are not very good at speaking Chinese, they are not at all inferior in terms of being able to sing and dance. Almost a Turkic person, he can dance a little. Their dance is close to nature, and the rhythm is not as rigid as the rhythm of the Central Plains, with a special exotic style, especially those Turkic girls who have come to Jiangnan for two months, have eaten enough every day, and have recovered their ruddy faces, and have regained their ruddy dance, and they have a different kind of charm when they dance, and the local boys are so fascinated that they can't find the north.

On that day, there were many people who asked the steward to protect the media. For ordinary people, there is no opinion, and they will not look down on others because the girl is Turkic.

The steward is also happy to protect the media, because as the boss said, promoting integration is the first priority. What could be more integrated than marriage? After the inquiry, as long as the two families have each other's thoughts, the person in charge is also happy to see it, rushing to catch the Spring Festival, marrying a daughter-in-law and children, and relocating the village with joy.

On the eighth day of the new year, Li Shimin finally embarked on the road back.