In line with the principle that friends of the dead do not die in the poor, officials and gentry from all over the country quickly took action and launched a frenzied large-scale mountain search operation in the territory of the Ming Dynasty......

The masters were powerless to resist.

They had already been inventoried and confiscated by the Department of Corrections, and these properties had become the Huangzhuang militia along with their tenants, and all the required of the resident monasteries was to organize these militias nearby with an order. The local gentry knew best about the family background of the masters, after all, the latter and they were perennial partners, and the local officials were responsible for settling the sentiments of the people......

This problem basically does not exist in Nanzhi, but in relatively remote areas, it is still inevitable.

After all, the masters still have a bit of influence.

In short, this time, the two hostile political forces within the Ming Dynasty rarely united, and jointly raised their knives against an unlucky fat sheep, and all the newspapers ignored some discordant methods of Jinyiwei during the period, and warmly praised the noble sentiments of the masters who loved the monarch and the country......

Ignore their tears!

But that's not enough.

Because as Yang Qing said before, the gentry in Jiangnan really hated him, but when it came to money, the original form was still revealed, and the sales of the special treasury bonds of King Qin's Western Expedition in various branches of the Imperial Bank did not have the crowded scene expected at all.

I have to say it's embarrassing.

Obviously, no matter how loud the mouth cannon blows, as soon as it comes to the real thing, and when it involves actual interests, they all immediately change their faces. The risk of this treasury bond is too great, not only this one, but even the previous ones have increased sharply, although the gentry hate Yang Qing and grit their teeth, but now when they think of Yang Qing falling, many people are panicking. This bastard is indeed full of evil, but the prosperity he brought is also real, and compared to now, fools know that the old days were really difficult, even for the gentry.

His brocade guards are indeed notorious.

But the rule of officials is indeed clearer than in the past, at least corrupt officials are afraid.

He did make the warriors tremble.

But the Ming army, which had been defeated for decades, was also invincible all of a sudden.

Indeed, he was always thinking about the gentry and the slaves.

But he also made industry and commerce flourish, and almost everyone could feel the kind of changes he brought that could be said to be changing with each passing day. From the changes in infrastructure such as roads and bridges, to the postal system that has been able to cover Jiangsu and Zhejiang provinces, from the increasing number of new crops on the dining table, to the newspapers that can see all kinds of news every day, from the merchant ships that set sail from the seaport, to the freight carriages running on the Sanhetu Highway......

These changes have all contributed to a prosperous world.

But what if there was no him?

What happens if you get an emperor? What will happen if a civil strife breaks out in the Ming Dynasty, which is finally stable? Can others continue to sustain this prosperity? Are the old Wenchens who almost collapsed the Ming Dynasty capable of doing as well as Yang Qing?

It's confusing!

The gentry were indeed fierce before, and they couldn't wait to cut Yang Qing with a thousand knives, but when the cold water of 10 million taels was poured on their heads, as long as they were not the kind of pure mad dogs, they basically began to calm down and began to seriously think about the consequences of this matter. It is not a big deal for everyone to gather 10 million, and at present, the total amount of silver in the private circulation and cellar in Jiangnan is 30,000 taels, which is the lowest, and the vast majority of them are in the hands of these gentry.

But what happens when the money is spent?

All were hesitating.

The other counter was crowded......

"Run?"

Yang Qing said unexpectedly.

Yes, there are runs on Imperial Bank branches to varying degrees.

It is clear that his credibility is in question.

Or it could be said that the future situation has become less clear, so that some people have lost confidence in him, or in the Imperial Bank, of which he is the backstage. Everyone understands that the main pillars of this bank are him and Zhang Yan, and his own financial resources and the original inner treasury gold and silver controlled by Zhang Yan, plus the funds of the Yang Party and dependent forces, together constitute the Imperial Bank. It is also the guarantee of the Imperial Bank's issuance of banknotes, ordinary people may not understand the doorway, but those who open money banks will not understand, banknotes themselves are just waste paper, and banknotes can be exchanged for silver before they are considered money.

Otherwise, it will be too hard to wipe the buttocks.

This kind of game has been played since the Southern Song Dynasty.

In essence, it is a kind of empty glove white wolf financial game, replacing metal money with paper money, solving the problem of limited number of metal money, it and the bank behind, or the metal currency in the back bank add up to this is money, otherwise it is a piece of waste paper, only the back bank does not fall it will be valuable. Similarly, if Yang Qing does not fall, of course the Imperial Bank will not fall, so no matter how much he sends, as long as the free exchange of metal currency of the Imperial Bank can be maintained, then this game can be played forever.

And even continue to play bigger and bigger.

But what if he's going to fall?

He fell, Zhang Yan also fell, this woman was just a money-keeper, without Yang Qing's protection, the gold and silver under the Wanshou Palace would change hands with a holy decree.

But will the new owners inherit the same credibility of the Imperial Bank after the change of ownership? People trust Yang Qing, no matter what their feelings are for him, even the gentry who hate him, they also believe in his credibility, and Yang Qing's ability to play with economy and his personal character of making promises ensure this. But is Longxing the Son of Heaven okay? Everyone understands that he can't be a genius like Yang Qing, and secondly, the emperor's reputation has never been worth mentioning, everyone knows that accompanying the king is like accompanying the tiger, and his father is famous for his capricious and changing orders every day. So if he kills Yang Qing, the Imperial Bank will be finished, and in the end, the banknotes of the Imperial Bank will be turned into waste paper, unless Zhu Cihong can be the same as Yang Qing, but this is obviously very unlikely, for the sake of prudence, it is best to exchange it out first at this time.

In this way, whoever wins or loses will not suffer losses.

"But the situation is not too bad, many of the banknotes issued before were to pay military salaries, and there is the circulation of the Huangzhuang system, these people will not come out to exchange."

Zhang Yan said.

"I think it's okay to stop redeeming!"

She continued.

Obviously, watching the silver in the silver vault under her feet continue to be moved out, this woman is also very distressed.

"No, no, the exchange must be maintained under any circumstances, and we can still hold on to this little thing."

Yang Qing said.

This must be insisted on, as long as the bank maintains the exchange, then there will not be too much confusion, but it will be difficult to control the development of the situation if the exchange is really stopped.

But you can play with them.

"I would personally call for the use of banknotes as much as possible, and then the bank would create some additional restrictions when converting, such as a limit on one exchange per day, after all, the money has to be transported from the head office to various places. Then arrange for our people to exchange large amounts at a low price in the black market, even if ordinary people have exchanges, they can't exchange too much, and the counter will solve it, and the real trouble is those who hold a large amount of banknotes.

Aren't they in a hurry to redeem it

Then take a loss!

This is a good opportunity to test who is really of the same mind as us. ”

He said with a sneer.

He didn't care about that, because he hadn't posted too much.

The main asset of the Imperial Bank so far is still not the deposits it absorbs, and ordinary people are still adapting to this new savings model, and the main asset of the Imperial Bank is actually the silver that Jinyiwei has stolen from everywhere. These silver, which should have been in the inner treasury, were turned into personal assets by Zhang Yan, the actual manager of the old Zhu family, who was equivalent to the patriarch, into personal assets of many cronies, including her and Yang Qing, by various means, and then used as the share capital of the Imperial Bank. This is the source of the gold and silver that add up to 20 million taels, in this sense, they are actually the two super moths of the Ming Dynasty, they can't embezzle more than 15 million, and some of the other are distributed to cronies, but the latter is also in their hands.

And when the household finances are not enough to maintain, the Imperial Bank will take out money to supplement the financial deficit in the form of household loans. However, he gave the banknotes, and the household department paid for the following with the banknotes, and the person who got the banknotes chose whether to go to the bank to exchange them.

Banks maintain free convertibility.

In this way, the vast majority of the banknotes are actually directly used for transactions.

In this way, the silver deposit is still unchanged, Yang Qing and these moths have not lost in essence, and the household department also has sufficient funds, the only change is that part of the silver that should have been paid is turned into banknotes. But if the Imperial Bank remained strong, then these banknotes would be the same as silver, and they would circulate in the market at the same value, which would eventually be equivalent to a huge amount of money for Yang Qing and the imperial court under his control.

Of course, if it is exchanged, Yang Qing will bear this part of the loss.

Fortunately, he can afford it.

Because a large part of the household payment is still taxes, the vast majority of taxes are still silver, and his banknotes are only used to make up for the shortfall, and the banknotes he has issued for this reason have added up to 10 million at most. These are less than half of the amount of silver stored in the underground of Wanshou Palace, not to mention only part of it can be exchanged, this loss has no effect on him, the only thing he needs to worry about is that it will affect the stability of the currency, so he must maintain free convertibility no matter what. As long as the counters of the branches of the Imperial Bank can be exchanged for gold and silver coins at the rate of one dollar bill and one silver dollar, then there will be no problem with the stability of the currency.

"It's all full of food, and it's not good to live a good life! You have to do something! ”

Zhang Yan said hatefully.

Having said that, when she thought that she would open her eyes and face the carriages carrying gold and silver, the Queen Mother's mood could be said to be extremely bad.

"So how do you solve the national debt problem?"

She said angrily.

"That's my business, when I sell it, I will welcome it, and if I can't sell it, I will always consume it. Ma, I want to welcome the emperor, but I can't trust the emperor, I hate me, I trust me, I can't bear the good life I bring, and I want the emperor to kill me, this Tama human nature is really complicated! ”

Yang Qing also said angrily.