1174 vague measures
Shang Wen originally wanted to free Qin's banknotes from the limitations of gold at this time, but it was obviously a whimsical idea of the ego. A lot of things. There is an intrinsic and inevitable connection.
What Shang Wen originally intended to get out of from the beginning obviously went wrong at the beginning. This kind of mistake will naturally return to a certain historical event. There is a great deal of naturalness to this regression.
"It takes some time to sell gold." Yingyu said at this time. Because, for the convergence of gold. Yingyu's banks and investment firms do so as a lot of speculative products, and they rarely hoard large amounts of gold. It has to be said that they are strategically in a state of disadvantage. In order to save this downwind state, Yingyu had to ask for a slowdown in this time. They need a lot of time to regather a sufficient amount of gold.
In the Western Regions, a sufficient amount of gold made Yingyu a fortune, and they sold the gold to the market. In exchange for more and more accumulation of raw funds. This is a lot of wealth for them.
But the problem is that finance is in dire need of money right now, and they can't get a penny. The state prints paper money, and it is not injected into it for no reason. What the state needs is benefits, an exchange of equal value. Obviously, gold, as hard currency, is the best equivalent in exchange for paper money.
And what Yingyu obviously lacks is precisely this kind of hard currency. Therefore, Yingyu resolutely opposed. Yingyu not only objected, but also quietly signaled to Shang Wen and asked for Shang Wen's help.
"I need your help, you know?" Yingyu whispered to Shang Wen at this time.
"How can I help?" Shang Wen asked in a low voice at this time. At this time, King Qin focused on Meng Yi's body, and he believed that Meng Yi had an unprecedented potential exuded by the theory of a rising political star, which made King Qin feel very happy. This is a kind of monarch's rarity for talent.
To be honest, the deputy prime minister is a very annoying job. Because, the deputy prime minister has to take care of everything, and at the same time he is the most idle person,
Taking into account the whole situation is to allow the deputy prime minister to be able to do so in the absence of the prime minister. Able to take care of everything, and be able to deal with everything in a timely manner. The most important thing is to be able to do what the prime minister wants. It takes two people to work together very well. This kind of cooperation requires the sacrifice of one's individuality. One needs to back off a lot of things to achieve this kind of fit. Meng Yi obviously sacrificed a lot for this kind of cooperation. Like what. He needs to do things according to Shang Wen's meaning. He had to take on a considerable amount of responsibility, and at the same time, he had to understand Shang Wen's subjective thoughts, which sacrificed a lot of his own ideas for him. Although Meng Yi said that this was a kind of learning, at the same time, Meng Yi was also sacrificing another thing.
And the most idle person is because he has no main responsibilities, and the task of the deputy prime minister is to be able to quickly take over the task of the prime minister. This leads to the fact that they cannot devote themselves to one thing. It can be said that Meng Yi is both an opportunity and a challenge to carry out some things.
"I want to be able to delay this gold trading, you know? We lack gold. Lots of gold. If we don't have the gold and can't get this money, my bank will have to close, and in that case, I'll jump off the building. Yingyu said to Shang Wen at this time.
"Oh. Oh my God. Shang Wen was surprised. Shang Wen and Ying Yu are side by side. Whispered conversation.
"Ahem." At this time, King Qin saw the two discussing private topics. This had to make King Qin cough to remind the two not to be too presumptuous.
"But I can't help it. You know, right now the situation is urgent, the time when it is needed most. Time waits for no one at all. The king's intention was obviously that the sooner the better. Shang Wen replied at this time.
"Ahem." King Qin coughed again at this time. And the two of them are discussing the most pressing topic, and in their opinion, they must solve this problem, otherwise it will be difficult for them to maintain Wenyang Bank.
"You two, this is not the place to talk about love." King Qin really couldn't stand it. Say it directly.
"Ahh Shang Wen seemed to realize that King Qin was talking about them at this time.
"Yes. Father. Yingyu looked at King Qin and replied.
"Go ahead." King Qin continued. And Shang Wen and Yingyu are red to the base of their necks.
"We should allow banks to trade gold in large quantities, so that there is sufficient money circulating in the market again." Meng Yi continued.
And Shang Wen was still thinking about Meng Yi's question.
Meng Yi's problem was to classify the economic crisis that had arisen in the Qin state as a financial problem. Actually, by today's standards. The crisis that appeared in the Qin State was not an economic crisis at all, and this kind of crisis was not a crisis by current standards, at most it was a crisis in the financial short-term Anne.
The problem that Meng Yi found was that there was such a crisis in the Qin State at present. The reason is that the Qinguo Bank lacked sufficient funds. Because of the export of capital, the limited amount of money in the Qin State was divided a lot at once. This led to an insufficient money supply in Qin, and the insufficient supply led to a decrease in the liquidity of Qin's currency. The consequence of the reduction is that Qin's economy tends to be tight due to the lack of liquidity.
This is manifested in the form of the overall bearish stock market. There was a huge short market in the Qin state. This is a disaster for the Qin State, but it is also something that the Qin State must face. Because of the export of capital, this is often the result. The export of capital, especially the Qin half-tael banknote, has taken on the character of a regional currency. This led to the direct export of Qin's half-tael banknotes. This continued export of half-tael banknotes, replacing gold. Let the Qin banknotes become a universal currency. This was a substantial increase in the economic strength of the Qin state. At the same time, it is also an increase in the responsibility of the Qin state.
Thought of this. Shang Wen believed that the Qin state should carry out an economic reform on a limited scale at such a time. In particular, financial reforms.
"Your Majesty." Shang Wen suddenly interrupted Meng Yi's conversation at this time.
And King Qin frowned at this time. Apparently, he was unhappy with Shangwen's abruptly interrupted conversation.
"Your Majesty, I think it's time for the Qin State to carry out a financial reform." Shang Wen said at this time.
"Hey, nerd." Yingyu was a little displeased when she saw King Qin. reminded Shang Wen to pay attention.
"Financial reform!" Meng Yi exclaimed at this time.
"Financial reform." At this time, King Qin also felt that Shang Wen's strange ideas were always carried out in places that were difficult for others to notice, and boldly put forward some ideas that others could not think of.
"Yes. Financial reform. The Qin State wants to make the economy of the Qin State rise again. Then the Qin state will carry out a large-scale financial reform. This kind of reform has a new impetus for Qin's economic upgrading. Shang Wen looked at the ground, waved his arms and said. Shang Wen's words were as if there was no one around, just him.
"Yes. Let's talk about it. King Qin said patiently at this time.
"The first thing that Qin has to do is to integrate all the banks of Qin and establish a central bank." Shang Wen said at this time.
"The role of the central bank is to plan the banking business of Qin in the overall situation and strategically." Shang Wen said.
"Central banks. Go on. "King Qin has aroused enough interest.
"The next step is to establish a reserve system. This time, Qinguo Bank had serious financial problems, because of the lack of funds, there was no certain warning value. Shang Wen said.
"This is also an important reason for this incident in the Qin State." Shangwen proposed. Yingyu listened quietly on the side. King Qin nodded in approval.
"The prime minister's idea is feasible." Meng Yi said at this time.
"If these situations had happened to the banks earlier, I am afraid, we would have saved a lot of losses." Meng Yi said.
"Yes." King Qin nodded in approval.
"In addition, it is to introduce a series of measures to curb the excessive speculative activities of the Qin State." Shang Wen said.
"Qin's financial speculation was too prosperous. Although speculation cannot be avoided. They can enliven the market and add the necessary economic vitality to the market, but now, their speculative activities have a great impact on the economic activities of the Qin State. Shang Wen said at this time.
"Yes. Does the prime minister have any specific measures in place? King Qin asked at this time.
"Not yet." Shang Wen replied directly.
And Yingyu heard such an answer at this time, and directly covered her face. Shang Wen's answer was always amazing.
"Yes. From the perspective of the widow, Meng Yi is in charge of this matter for the time being. The prime minister can cultivate a little. King Qin said directly.
This is obviously to ask Shangwen not to meddle in this matter.
"Nerd. Your position is in jeopardy. Yingyu said at this time.
"Oh. I know. Shang Wen said at this time.
Although the King of Qin agreed with Shang Wen's idea. However, Shang Wen could not come up with specific measures and plans. This made King Qin feel very embarrassed. On the contrary, Meng Yi was able to come up with specific measures, that is, to exchange gold for paper money, and the amount of gold in the Qin market was already quite large. Qin's two foreign expansions exacerbated the increase in the amount of gold in Qin. In addition, Qin's trade was extremely active, and the gold of the six countries entered Qin on a large scale. The state of Qin has never lacked gold now. This is a very good thing for the Qin State. But at the same time, there is another thing, that is, the excessive import of gold, which means that the Qin State will face the factor of potential monetary inflation. Currency inflation is the most important factor in Shangwen's control of banknote issuance.
King Qin naturally didn't think about these, and he didn't go back to take the initiative to consider these. Because he doesn't understand any of that at all.