"Yes, the bronze alloys and electrolysis industries that we use to cast large pieces of copper consume far more copper than we use to die cast copper coins, and the profits are much higher than those used to cast copper coins, so the proliferation of goods and services in the areas covered by our systems and partners is growing far faster than the supply of money. This leads to the fact that we have to call in a large amount of money saved by the banking system to increase the money supply, otherwise it will trigger deflation. It was with great difficulty that we raised the price of grain to a high price of 200 wen a bucket and fixed the exchange rate of gold and silver coins against copper coins, and if we continue to allow the supply of commodities to exceed the supply of money, the cost of maintaining the exchange rate will rise sharply, and the interest on the annual loan from the bank will bring us down. Liu Xin always stressed that the safety and profitability of the banking system should be guaranteed.

"Lubricants are needed to invigorate the economy, and our advanced technology has increased the supply of goods in the country by 30 percent, and the shortfall in the money supply is basically covered by bills. If this continues, bulk trade and settlement will be done with bills, and copper money will flow into the retail market and treasury, and in the long run, our risk will increase to the level where it will be difficult to liquidate all the notes we issue, which will make us doomed. Zhao Shouzhong looks at the scale of bill issuance and the data of the bank's own assets every day.

"Since you're worried, I'm announcing the start of the money printing machine. Fully open the treasury technology tree, so that the risk of bankruptcy can be transferred to the central government of the Great Song Empire and the Zhao and Song dynasties. We're just going to make a fortune behind the scenes. Wouldn't it be better to learn from the advanced experience of the United States and use national debt as banknotes once and for all? As long as the Great Song Empire is financially bankrupt, we can let their Zhao family step down without blood, and carry out a glorious revolution, or the French Revolution without much effort. ”

"Will all the 45 financial companies that Lao Chen has set up in Shanghai open soon?" Liu Xin asked.

"No, you can take the lead in getting six companies to start construction first, and first set up the Imperial Import and Export Company with various Xianggong and Royal Shares, and Pudao Rating, Yongchang Accounting Firm, Shanghai Affairs Bank, Xiuzhou Bank, and Chenji East China Insurance Company will open first. Chen Guanxian's East China Futures Exchange, East China Stock Exchange, East China Insurance Exchange, East China Real Estate Exchange, East China Bond Exchange, East China Banking Exchange and Clearing Company, East China Securities Depository and Clearing Company, Chenji Credit Bank, Chenji Guarantee Investment Company, Chenji Parkway Commercial Trust Company, Neutral Financial Derivatives Exchange, etc., need a large number of professionals and technical reserves until we establish a network covering the whole of Asia, at least the whole country. However, the relevant supporting subsidiaries and member companies can open for trial operation first, such as the self-regulatory member companies under the East China Bond Exchange, such as Yingtianfu Treasury Bond Underwriting Company and Jiangning Fu Public Bond Underwriting Company, which can be opened for operation first. ”

"Is the planned Quanzhou Mint ready to be launched?" Zhao Shouzhong asked. "It seems that the officials of the three divisions have been urging very tightly recently! Even you, a 'writer' who doesn't ask about the world, are in a hurry to print money? Liu Xin quipped.

"It's not your fault, since the last time Su Song listened to your words, he wrote a letter asking for a unified minting agency and merging sixteen copper coin supervisors and twenty iron coin supervisors into Quanzhou, and the three divisions will not urge me every day like a dead old lady."

"Obedience to the plan is the key to success or failure, and the price I paid for letting Su Song offend people is not small. The gifts we prepare are not up to you, but yours. The design drawings and models of the observatory were Qian Jin's heart, and Qian Jin was originally going to take them out as a killer when he robbed Guo Shoujing of his job. ”

"After all, the three divisions have already made a lot of money from the tax in kind to the monetary tax, and we will not be dissatisfied with the action of such a big loss institution as the money supervisor, if it was profitable in the past, maybe they would oppose us, and now which officials of the third division do not want to get rid of this pile of burdens? As long as we get rid of the directors of the major money prisons, there will be no resistance to them from losing their jobs or being dissatisfied. After all, the most critical step in issuing banknotes is to monopolize the right to mint money, and we are halfway through the completion of the mint first, and it is not easy to merge the previous dozens of money supervisors into one. Lee Ki yawned, saying that he was tired from being busy strategizing.

"Then do we solve the problem of insufficient money in the world mainly by relying on our low-cost to almost non-existent assembly line mechanical die-casting system, or by relying on the credit notes ---- banknotes printed by our money printing machines that can be exchanged for metal currency in equal amounts?" Zhao Shouzhong asked.

"A two-pronged approach, mainly printing money. Who are we? Those 16 wealthy households in Sichuan can cope with the run for decades, but we can't cope with the run with such a big stall? After a while, we will be able to rest easy when we transfer the credit and run risk to the Zhao family through the treasury bonds. Li Ji stretched and pulled out a treasury bond plan.

Li Ji said out loud the lines that had been brewing for a long time: "This is the second stage of the money printing machine plan, and the Great Song Empire Joint Reserve Center is about to be born!" ”