In the head office of the Shanxi Bank in Wangfujing, Chang Wanchun, chairman of the board of directors of the Shanxi Bank, Wang Keren, a representative of the central bank, Wang Benren, a representative of the Sihai Trading Company, and Li Yangeng, a representative sent by the Ministry of Internal Affairs, were discussing how to use the Houjin to set up a stock exchange to crack down on the economic order of the Houjin and to make profits by the way.

A senior employee at the Bank of Shanxi is explaining to the crowd why the establishment of a stock exchange can undermine the economic order of the post-gold economy. “… In fact, this is the same principle as the one we see in our daily life that some merchants hoard and make huge profits, and the paper money we print now has no value in itself, and the value is only the national credit carried on the banknote.

According to the regulations of the Ministry of Households, Daming Yuan banknotes can accept gold and silver at face value in the bank, and can also buy goods equivalent to the value of gold and silver in the market, which is the basis for the value of banknotes.

If once the Ming Yuan banknotes can not be exchanged for gold and silver at face value in the bank, or can only be exchanged for gold and silver less than the face value, then at this time the amount of paper money in the market can be bought with goods, or the trader will refuse to accept the banknote, then the banknote will lose the role of currency in circulation, and the banknote that cannot become currency is a piece of waste paper.

On the other hand, paper money is not gold and silver, which is difficult to mine, whereas paper money is easy to print. However, the quantity of goods in the market is fixed for a certain period of time, and once the supply of paper money exceeds the supply of goods, it means that although everyone has paper money, there will always be some people who cannot buy things. The more banknotes that are available on the market, the more people will not be able to buy something.

Once this happens, even if the banknotes can be exchanged for gold and silver in full, the price of goods in the market will skyrocket to an unacceptable level. For example, a few years ago, during the great famine in Shaanxi, one or two pieces of silver could not be exchanged for a bowl of rice, which is a special example of commodity shortage.

China has always been a country lacking gold, silver and copper, so the most common thing in the market is a shortage of money, rather than a shortage of goods. From the two Song Dynasty to the beginning of the country, the imperial court tried to use iron, cloth, paper, silk, etc. as a substitute for gold and silver, but in the end they all failed, and the depreciation of the Ming treasure banknotes at the beginning of the country was no different from waste paper.

When His Majesty ordered the printing of Da Ming Yuan banknotes to replace gold and silver in the market, the most worrying thing was that the banknotes were issued too much. Although paper money can solve the problem of money shortage in the market, the imperial court cannot control the flow of paper money. For example, in the past, the Jin merchants and Hui merchants liked to store a large amount of gold and silver after earning them, thus artificially controlling the amount of money in circulation in the market.

But paper money has no storage value, and most merchants either exchange it for gold or silver in the first place, or spend it again. If all the banknotes in the hands of merchants go to the same commodity, such as grain, it will instantly push up the price of food and cause social unrest.

That's why His Majesty set up a stock exchange to absorb the surplus banknotes in society with stocks and treasury bonds, and put them into reproduction. The establishment of the stock exchange by Houjin following our example can indeed be used as a reservoir to regulate the amount of banknotes in the market and stabilize the domestic financial order.

However, Houjin is different from China, his raw material exporter is China, and his daily necessities importer is also China. In other words, suppose we push up the stock price when Houjin sets up a stock exchange, attract banknotes in the Houjin market into the stock market, and artificially push up the number of Houjin banknotes.

Then leave the market when the stock is rising, and at the same time block the import and export trade with Houjin, then the stock market of Houjin will have a devastating plunge, and the funds that jump out of the stock market will cause the prices of various commodities in the Houjin market to rise... Under the attack of this series of economic means, we believe that all the property looted from the people of Liaodong since the founding of the Later Jin Dynasty will be spit out, and this amount should not be less than 10 million yuan..."

"So what are we waiting for? I think we can move this plan forward right away. Wang Benren got up excitedly and said to everyone.

Chang Wanchun immediately stopped him and said, "Of course things won't be so simple, Director Wang, you better sit down first and continue to listen." He then turned to the senior staff member standing in the middle of the crowd, "Then you say, what is the difficulty in accomplishing this plan?" ”

"According to our research, it is not a problem to help Houjin set up a stock exchange, it is not a problem to push up stock prices, and it is not a problem to block trade with Houjin. The question is how we transfer the harvest and the wealth.

Although Houjin's financial system has opened its doors to us, there are still a few sheepdogs outside Houjin's sheepfold. China's armed forces have not yet achieved an overwhelming advantage over the Houjin, so once there is a panic in the market, the Houjin is likely to use force to block all trade channels, so that the wealth and materials we harvest from the Houjin civilians may fall into the hands of the Houjin Khan.

Once such a situation arises, we will become making wedding clothes for others, and even if the economic order of Houjin is hit, the vitality will not be lost too much. That's the biggest problem we're having right now..."

After listening to this, Wang Keren immediately smiled and said, "With Secretary Li here, this problem will not be a problem. ”

Li Yangeng, who was listening with great interest on the side, didn't react for a while, and when he fled from Shenyang, he felt very fresh about everything in the capital. Although he was also regarded as the leader of the younger generation of Chinese martial arts in Shenyang, after arriving in the capital, he realized how lacking his knowledge was.

Unlike the scholars in Shenyang, who are still immersed in the study of the Four Books and the Five Classics, the scholars in Beijing are no longer confined to the study of Confucius and Mencius, but regard the method of exploring the world as a more important knowledge. This kind of learning that is considered new is not limited to one subject, and almost every subject requires a great deal of effort. Most people can only discuss it in the discipline they study, and they can only talk about knowledge outside the discipline in generalities.

If it weren't for the explanation of this bank clerk, Li Yangeng would not have understood what kind of blow the printing of paper money and the establishment of a stock exchange would have dealt to Houjin. As for now, he was shocked except for shock. Therefore, when Wang Keren said that he could solve the trouble they encountered, he pointed to his nose in surprise and said, "Is President Wang talking about me?"

Wang Keren nodded and said: "It's Secretary Li, if you want to quietly transport these harvested belongings and materials, we naturally need some agents, let them become our helpers, and do these things in the Houjin country instead of us, so that they will not be discovered by the Houjin government."

These agents must have a certain status so that when they begin to transfer goods and supplies abroad, they will not be intercepted by Houjin's officials. You should know the most about the upper echelons of Houjin, and we need you to pick out suitable targets for us, so that our people can win them over.

With Fan Yongdou helping us adjust Houjin's economic policies, and these agents within Houjin, even if we can't transfer all the property and materials, we can transfer most of them..."

Li Yangeng reacted at this time, he didn't understand the economic measures just now, but when it came to the understanding of the internal personnel of Houjin, he was confident, he said to Wang Keren who owed his body: "Well, it's simple, give me 3 days, and I can sort out a list of people who can be contacted..."

While these bankers were discussing how to deal with Houjin's financial system, the atmosphere in the Xiyuan Lodge was very gloomy.

On an afternoon in early November, the weather was overcast and it seemed to be snowing. Zhu Youzhen stood on the balcony and let the cold wind blow, making his mind sober and sober because of his sullen breath. Behind him, Wang Chengen and Lu Qi anxiously persuaded him to return to the room and not to be damaged by the cold wind.

Zhu Youzhen, who was in the cold wind, ignored the persuasion of the two cronies and eunuchs, he breathed several breaths of the cold air outside, and then he felt a little more comfortable, looking at the bleak scenery outside and said to the two behind him: "Tell me, what do these court ministers think?" I have already said a few times that I have long planned for the education of the prince, but they still write so unrelentingly, saying that they have a share in the concubine, and they should set up the prince first, and have good peace with the people. What kind of heart do they have, I'm only 25 years old now, do I seem to be such a long-lived person? ”

Wang Chengen suddenly replied nervously: "Your Majesty is cautious, cautious." His Majesty inherited the mandate of heaven, and naturally he was blessed for a long time. Those officials who wrote the book were just blinded by lard, so they took care of His Majesty's family affairs, and His Majesty just ignored them, and there was no need to be angry with these stupid people, because the gain outweighed the loss if the body was angry..."

Lu Qi also knelt on the side and nodded repeatedly, Zhu Youzhen glanced back at the two of them, and then turned around and walked back to his desk. Seeing that the emperor listened to the persuasion, Wang Chengen hurriedly gave Lu Qi a look and asked him to close the glass door of the balcony, while he carefully walked to the emperor's side and waited.

Zhu Youzhen picked up a few letters again to persuade him to appoint Zhu Cihong as the crown prince and looked at them, and after a long time, he calmly asked Lu Qi: "Didn't the Social Investigation Department hear any rumors?" Do these officials really have a tacit understanding in their hearts, so they give me such a twist and turn and add to my blockage? ”

Lu Qi racked his brains to recall, but he couldn't think of any clues, but Wang Chengen on the side suddenly said: "Your Majesty, is it that when you inspected the Ministry of Rites last time and mentioned education to the officials of the Ministry of Rites, you said that you would let the eldest prince go to school next year, so what misunderstanding did these officials have?" ”

Zhu Youzhen frowned, and said disappreciably: "Zhao'er will be seven years old next year, shouldn't she go to school?" ”

Wang Chengen lowered his head and said cautiously: "It is a custom in this dynasty that only the prince can go out of the pavilion to give lectures, and the minister thinks that the officials of the Ministry of Rites probably think that His Majesty wants to establish the prince." ”

Zhu Youzhen came to his senses a little at this time, and he easily took out a few books of reviewed memorabilia from the notes on the side, which were recommending to him candidates to teach the prince. He threw the piece in his hand on the table with some annoyance, and said: "It's been a long time, these officials are not doing business, and they are guessing my thoughts all day long?" It's a guess..."

Of course, Wang Chengen and Lu Qi would not answer the emperor's words, but Zhu Youzhen stopped after scolding a few words, and now he has a headache. After thinking about it for a long time, he said to Wang Chengen: "Let the Internal Affairs Office renovate the Yingli Primary School on the edge of Xiyuan, and let Zhao'er and Tingting go to school together in the spring of next year."

In addition, a few rooms were vacated in the Xiyuan Jingshe, and after going to school, they were allowed to live here, and in addition to raising their grandmothers, no eunuchs and palace maids were allowed to serve, and they should also learn to live a self-reliant life. From now on, both princes and princesses will enter primary school when they reach the age of seven.

Then I sent an edict to the Ministry of Rites, asking them to select a few learned officials or people, and after I personally examined them, I appointed them as teachers and principals of Yingli Primary School..."