When Kpchak's war report reached Lu Qian's hands, it was already April of the following year. This is the sixteenth year of Hongwu!

The good thing about the Lu Qi Dynasty was not only the Donkepchak Khanate, but also the good news on the side of Yelu Dashi - with his sincere cooperation with Tian Hujun, the Ghaznavid Dynasty became a thing of the past.

Lu Qian looked at the battle report delivered, and he was still very emotional in his heart.

Thousands of miles away to destroy the great powers, the Lu Qi Dynasty did not raise the army at all, let alone use force, but only a partial division destroyed the country, and sent its monarch to Jinling. This made him suddenly think of the Han Dynasty who killed and seized the countries of the Western Regions and the Southwest in the past. It's just that whether it is Nakpchak or the Ghaznavids, their strength is far stronger than that of the countries of the Western Regions and the Southwest Yi at the beginning.

This made Lu Qian's heart swell with a sense of pride and a deep sense of pride.

Lu Qi's national strength and the combat power of the army are already far beyond the Tang and Han dynasties. There was a saying in Liu Han that "one Han is five hu", and after the saddle and horseshoe of Gaoqiao were introduced to the grassland, they were no longer heard of. Now the Lu Qi Army has reproduced that sentence again, counting firearms, the comprehensive strength can be stronger!

Hang everything and disagree, without the slightest pressure.

It was difficult for him to continue to press in his heart, and his mind was thinking about the westward expedition and the western expedition.

Although he knew that it was not a good time to go west, he had not yet made a lot of preparations. For example, the Seljuks, if they don't obey the heavenly world, it will be difficult to completely stabilize the territory of the Anxi Protectorate. There is no stability there, how can Lu Qian rest assured that he will go west?

And the ministers of the DPRK and China will not agree, they are more eager to fight Tianzhu now than to fight Europe to the west!

"Your Majesty, within the Seljuks, the integration of Sanjar is still lacking some fire. The people of Huathorn Zimo surrendered to our court, and none of them sent troops to conscript. "This is the most direct manifestation of Sanjar's lack of preparation.

Xiao Jiasui's eyes looked at the map, and his whole person's attention was focused on Bei Tianzhu.

"Today, our army has just established the Anxi Protectorate, and the military and material resources there are not yet abundant, so it is not a good strategy to attack the Seljuks at this time. It is better to take advantage of the fall of the Ghaznavids and the army to enter the Northern Tianzhu. The minister heard that the countries of Nanyang have formed a coalition army, ready to attack, and the front of the army is directed at the Polo Dynasty, why doesn't Your Majesty also take the opportunity to send troops? ”

Judging from the strength and social situation of the countries, as well as the degree of unity between each other, the cohesion of the countries of Tianzhu is more than one grade worse than that of the Tianfang World.

Wu Yong also agreed, and after Xiao Jiasui, he continued: "Your Majesty, the generals in the DPRK and China are like clouds, from the bottom to the top, how many soldiers are eager to fight. As long as His Majesty is determined to make a slight move, there will be soldiers who want to fill the vacancy of the three banners and charge for the imperial court. ”

"Although our army has been fighting continuously over the years, in the eyes of the ministers, His Majesty is really restrained. I am strong and strong, and it is idle to swallow the four seas. And the minister thought that Tianzhu was different from Nanyang and Saibei in His Majesty's planning, and even very different from the Anxi Metropolitan Protectorate. His Majesty of the latter three wanted to change to Han Tuye, but Tianzhu was not like this, but only a colony. Since this is the case, the army is going to Tianzhu, why do you need to make the same preparations as when you conquered the South Seas and the Northern Place. ”

"With the sharpness of our soldiers and horses, I dispatched 30,000 or 20,000 soldiers, and then combined with the vassals of the Western Regions and Anxi, gathered 570,000 soldiers and horses, and went south, which is enough to make Tianzhu change color."

The battles of Nanyang and Saibei were fully prepared in advance, and almost the melons were ripe, so the army attacked and started to pick the fruits. That's because Emperor Lu wanted to turn these lands into Han soil.

But Tianzhu is a colony that transfuses blood to the Central Plains in Emperor Lu's plan, and Emperor Lu didn't plan to naturalize Ah Sange into Huaxia, so why do you have to do it after being fully prepared like before? Isn't it necessary for the royal demeanor of Lu Qi's army to be reflected in Northern Tianzhu, it is really well reflected, how can the imperial court make up for the fiscal deficit?

In Wu Yong's view, the attack on the countries of Northern Tianzhu can be regarded as the second of 'Yelu Dashi'.

How hastily did the latter start the offensive against the Ghaznavids? When necessary, they are fighting to feed the war, and the Lu Qi army's attack on North Tianzhu can be completely imitated.

It is enough to transfer some people, and then gather the vassals of the Western Regions and Anxi, and make up a large army to go south.

Because the seizure of colonies was not a burden on the Lu Qi Dynasty at all, but represented a huge profit. The local Brahmins and Kshatriyas, all fat and oily, after the Lu Qi army conquered the Northern Tianzhu, they did not slaughter it ruthlessly, and Wu Yong felt panicked.

As for the profits of the Tianzhu world, it can not only be used to make an upfront investment in the Americas, but also greatly make up for the financial deficit of the imperial court.

The bigger Lu Qichao's stall became, the higher the fiscal deficit accumulated that year, although these deficits were made up in the additional banknotes issued by the imperial court, but if this 'fiscal model' continued forever, it would eventually play one day.

Because the banknotes issued by the imperial court were based on the gold and silver reserves of the banks, of course, it was also related to the actual circulation of the country. For example, the officials, soldiers, and public officials of the Lu Qi Dynasty were all settled by paper money, which was also the "foundation" required by the actual paper money of the Lu Qi Dynasty.

The financial department of the Lu Qi Dynasty did not pay salaries, and the latter was distributed by the bank, and the amount of gold and silver that received from the bank each year was far less than the expenses of the public officials of the entire imperial court, and the difference was the additional banknotes issued by the faith. In fact, this is to "reduce" the pressure on the salaries and expenses of officials, soldiers and other public officials for the financial operation of the imperial court, and this burden should not be too large.

The ratio of the banknotes issued by Lu Qichao to the gold and silver savings of the Zhongyuan Bank is at the level of 1:5, which fluctuates slightly up and down, but it is not large. The imperial court still holds a large amount of 'cash' in its hands, because the people's livelihood in Lu Qi has recovered, and the social wealth is increasing. And this is the biggest reason why Lu Qichao's finances have always been healthy in recent years.

According to the financial philosophy of later generations, it is only four times the amount of additional issuance, that is, one tael of silver is used as five taels of silver, but such a proportion is impossible to cause a run crisis.

You must know that in the 71st year of the previous life, in the case of the direct link between the American knife and gold, it was Franklin, who had more than 10 billion gold reserves and printed 700 billion US dollars.

Not to mention the Lu Qi Dynasty standing behind the banknotes, the current Lu Qi Dynasty is in full swing, the people are convinced, and the credibility of the court is just in the people. Ordinary people can't imagine that banknotes are being issued in addition! A run on the crisis is simply not possible.

But recent data suggests that the 1:5 ratio is no longer enough.

There are many reasons, but the biggest reason is that with the development of Lu Qi, the number of Lu Qi's army, and the tolerance of officials established in the newly opened territory, coupled with the increase in the number of schools and hospitals in various places in the interior - among these two types of facilities, the public is the main force, and there are also private schools and hospitals, but the number is not worth mentioning compared to the public ones.

The teachers in these schools and the doctors in the hospitals, like the management tolerance and the big soldiers, all eat public meals. Although schools and hospitals themselves will have a certain amount of 'income', this income will flow into the local and national finances.

And those two are two ways to print banknotes! No matter how much the financial department earns, they will not be paid.

In a nutshell – the pressure on the shoulders of banks is increasing.

In the case that paper money cannot completely replace metal currencies such as gold, silver and copper, paper money essentially only plays the role of a supplementary currency. The "fundamental" of the bank's printing of banknotes was the amount of gold and silver mined each year by the Lu Qi dynasty, not the growth rate of the national wealth of the Lu Qi dynasty.

At least eighty percent of the gold and silver dug up from the Central Plains, Japan, etc., will be minted into gold and silver coins, and at least half of them will become bank reserves, and the rest will be circulated in the market. For more than a decade, the salaries of the public officials of the imperial court, including officials at all levels, soldiers, policemen, teachers, doctors, etc., were all in the banks, not in the treasury of the imperial court.

The problem now is that the amount of gold and silver mined by the Lu Qi Dynasty has become more and more stable, and it is difficult to make any breakthroughs in gold and silver before the gold and silver from the Americas are not remitted to the Central Plains.

Although the import and export trade has caused China to make a lot of money every year, it can be said that the domestic gold and silver reserves have greatly increased. The gold and silver would also come in and out of the bank, after all, if they were converted into gold and silver coins or banknotes, they would be able to trade easily. In this way, the bank will also make a large profit every year. But the main body of it is still the amount of gold and silver mined by the Lu Qi Dynasty every year.

This means that the amount of new banknotes printed by banks every year will be stable, but because of the development of the country, because of the expansion of territory, and the increase in schools and hospitals in various places, because of the increase in financial meals, the actual 'salaries' that banks have to issue have been increasing.

The ratio of 1:5 is moving towards 1:6, and when the budget for the new year is released, many ministers in the court have no place in their hearts. Whether it is Xu Guanzhong, Xiao Jiasui, or Wu Yong, Jiang Jing, the limitations of the times make them panic about this situation. But they were reluctant to let them deduct some gold and silver from their fiscal expenditures to fill the "big hole" in the banks.

The way these people deal with it is open source - such as playing Beitianzhu.

Find a treasure land as soon as possible, and make a lot of money to increase the treasury revenue and bank reserves, and reduce the pressure on paper money! Or to put it bluntly, it's to grab a deal right away! Fill the holes.

In the final analysis, the bank and their court both belong to Lu Qi, and they are all connected in the same vein.

.com。 Wonderful Book House .com