Three days after the seals of Kaifeng Mansion were affixed to the homes of all the shareholders of the Royal Bank (including the gate of the Imperial Palace), the registration of all transfers of property rights was completed, and the Chenji Group, which held 87% of the Imperial Banknotes (some on the black market and some indirectly through partners), received all the shares and real estate in the Royal Bank, as well as all financial assets such as treasury bonds, stocks and convertible bonds. Other bits and pieces of assets and cash were repaid to the remaining 13 per cent of the holders at an initial price of $20 to 1. (The difference in price earned by the daring crab-eating investors who bought the royal bills at a ratio of less than 1:20 on the black market compensated for the risks and speculation they had.)

After this battle, the crossing of the public harvested a huge fruit, the original according to the price of one percent lower than the market price of all the assets, all of the capital with interest (such as 10,000 shares of Chenji Group's subordinate Zhongyue Trading Company shares, the market price of 50,000 yuan, the purchase price of the Royal Bank should be 1 million yuan, they used 900,000 yuan to get the stock because of the bankruptcy rush to cash out and plummeted, the market price fell to 20,000 yuan, can only offset the 400,000 Huang banknotes of the creditor's claim, through the public net profit of 500,000 yuan, That is, 25,000 copper coins in cash or the same market value of the Royal Bank's shareholders' property, such as furniture and antiques. ）

For a time, the prices of movable and immovable properties in the entire Great Song Dynasty fell sharply, and the capacity of antique calligraphy and paintings was extremely small, and the market for confiscated auction objects without market scale was extremely depressed. The traversal took the stage in person and bought a large number of the treasures of these magnates at the garbage purchase price.

On the premise of having sufficient funds on hand, Li Ji bought 500 precious first-class national treasure-level treasures in one go. According to internal estimates, the price of these cultural relics will be at least 10 billion yuan in a hundred years, and now it only costs Li Ji 200,000 guan (4 million imperial bills). Yang Wenhui, a real estate developer who loves land acquisition, bought 400 acres of real estate in Bianjing and other areas in three days, and spent an average of 70 yuan per acre of land. The cost of the property on these lands is more than 100,000 yuan, (the properties in the best areas are reserved for the final auction.) The 5,000 acres of poor land in Dayue was taken away by the local wealthy families in Bianjing who rushed to take advantage of the price of 500 yuan and the wealthy businessmen who came from other places to share the feast, and there was a shortage of money in the market for a while. Just when everyone was out of cash, there was only a phenomenon of crossing the crowd competing to raise cards at the real estate auction in a good area presided over by Liu Xin, and these properties were the hearts and minds of the bankrupt magnates, and the natural carved beams and paintings were extremely luxurious. However, there is a shortage of silver roots, and no one can bid for the cards, and all of them are cheaper than the public. There are many such examples, those who have excluded and suppressed the powerful bureaucratic families can only swallow their teeth, and watch others (most of them partners and rewarded senior employees of the Chenji Group) move into their own homes with blood and tears......

A month later, the bankruptcy of the Royal Bank ended, and according to the statistics of the public, the floating profit of the account of the Chenji Group alone was 360 million Chenji, and if you count the book profit generated by the future return to the average price of June, the price of financial assets bought back at super low prices at auctions and in the turbulent July exchange will increase by at least 700 million Chenji. How to dispose of the palace and royal property has become a hot topic of attention for the government and the opposition.

Who would have thought that the rich emperor would go bankrupt? The queen mother and a large group of ** concubines will consume 5 million yuan a year, and the emperor and a large number of uncles and cousins and other Zhao clan relatives will consume 10 million yuan, the emperor's industry is relatively single, and most of them are land properties that collect taxes, unlike the later Yuan, Ming and Qing dynasties and special royal industries such as the weaving bureau, and the annual income is only 12 million. Every year, there is a large deficit, almost all of which is covered by the surplus of the state treasury, and this part of the income is called the money of the bank, which is deposited in the name of supporting the military deficit in case of a sudden increase in border defense expenditures, which is equivalent to a military spending fund. In fact, it was all spent on the royal extravagance. There were a lot of balances in the accounts, almost seven or eight million pounds of cash and coins, and millions worth of cloth and skins, jewelry, curiosities, incense and horn tusks (**, myrrh, rhinoceros horn and ivory), but when you opened the storeroom, it was actually all empty, as clean as the floor and air of the warehouse, which could slip a rat. These deficits and false accounts are all bad debts accumulated by the emperors of successive dynasties who wantonly rewarded and advanced the future income of the imperial estate and borrowed money from the state treasury. In the end, Emperor Zhezong completed the funeral of Empress Dowager Gao, and the royal family still owed 2 million yuan to the national treasury. The young emperor who was in debt suffered a major blow one after another, and after he fell ill, he was forced to die by crossing the public debts, and if he couldn't pay off the last 4 million yuan in arrears within a week, he would be driven out of the palace full of seals like the last emperor Puyi.

The emperor was forced to pay debts is a very common thing in Europe, but it is rare in China, China is a country where the internal treasury and the treasury are run separately, since the Qin unified the six countries, abolished the feudal counties, the emperor's income and the princes' tribute relationship is not large, Xia, Shang and Zhou and other eras, the income of the Son of Heaven mainly depends on the income of the tax and the annual tribute of the princes, since the Western Zhou Dynasty moved the capital to Luoyi, the fertile Guanzhong Plain fell into the hands of Xirong and Qin, and the income decreased greatly and gradually declined. During the Qin and Han dynasties, the emperor of China implemented a dual-track system of taxation, in which the land tax belonging to the royal family went into the emperor's treasury, and the land tax of the people with state-owned land and non-tax-exempt privileges went to the state treasury.

The land of the royal family is all anointed land, accounting for 1/3 of the total land in the world at the highest time, and only 1% at the lowest time. Therefore, the income of the royal family in successive dynasties was also high and low, and the income of each emperor in a dynasty was also different. It mainly depends on the emperor's greed and management level, when Emperor Wu of the Han Dynasty, there were Sang Hongyang and other wealthy masters to help him manage his finances, so the income was extremely high, Emperor Chongzhen of the Ming Dynasty faced a life-and-death crisis of internal and external difficulties, and did not use the millions of taels of silver stored in the Forbidden City. However, if you are not good at management, you will not be able to raise funds, you will not issue treasury bonds, and if you have no credit, you will naturally lose the country and the world. After the income is finished, the expenses of the royal family in the past dynasties are mainly to build palace gardens, support the clan, and the living expenses of the emperor and queen are the majority, and the non-regular surname projects such as rewards, sealing Zen, southern tours, and northern hunting have huge expenses but not many times, and some emperors have not done it once for decades, and some have emptied the treasury several times.

Many of the powerful people who lost most of their property in this 'catastrophe' had to admit in the face of the powerful force of the Crossing Crowd, and the Emperor also took the initiative to extinguish his attempt to repay the debt by force after seeing the multiple launch rockets that were fired at the Crossing Crowd that destroyed the 50-meter city wall. had to be like the Chai family, who was persecuted by their ancestors more than a hundred years ago, and was forced to bow their heads and admit to planting by force.

In the end, Zhao Xi, who really had no choice, was forced to accept the proposal of the Crossing Public, issued the Edict of Chan Concession, and handed over the power and throne to the new emperor appointed by the Crossing Public, so that he was relieved of his debts and was able to continue to live in the palace. In this way, on December 12 of the 12th year of the reign of Yuan You, all official buildings from Vladivostok to Yangon and the national flag with the red and white dragon flag (designed by Gao Jing and approved by the Empress Dowager Gao), a symbol of fire and virtue of the Great Song Empire, were lowered and replaced by a new flag similar to the EU flag that crossed the popular blue background surrounded by fifteen golden five-pointed stars (the difference was that the stars were larger, there were three more in number, and the one on the top was larger than the rest, symbolizing the leadership of the fifteen people and Li Ji).

But after all the royal property is paid to the traversal, how can the royal family live without property and land input? Don't you want to learn Pu Yi to resell the treasures and calligraphy and paintings left by his ancestors? Or do you live on royalties when you publish books?

Is the new emperor a member of the Travelers? Who was the one who finally restored the dignity of the Zhao and Song royal families? Who is Zhao Xi's savior? See the next chapter.