The unofficial financial system of gold, silver and copper is taking shape little by little. The continuous erosion of the court's right to set up money prisons in various places is not because private money hits prices and causes deflation to become inflationary, but because a large number of copper ingots and copper utensils are put in, causing copper prices to plummet. After the copper ore mined from Ankang, eastern Dali and other places and the bronze ware manufactured by the advanced stamping method entered the market, the original high copper expensive money and cheap melting money turned into copper turned into a trend of cheap money and cheap private casting and stealing casting.

It took less than three months for the money shortage, deflation and deflationary expectations caused by the shortage of copper mines and the rapid economic development of the relative shortage of money to become inflation and inflation expectations that copper prices fell faster than money prices due to abundant copper mines. Those rich people who were not prepared saw a large number of cheap copper objects and copper products on the market, and they were still stupid to buy them and prepare to mint copper coins to make a lot of money.

But the theory is right, and it doesn't necessarily actually go as you wish. Chenji Group said that Tubo has developed a huge copper mine, and the price of copper will fall by half in the short term. Unexpectedly, compared to the price of rice, the price of copper fell by 50%, and the price of rice doubled. The purchasing power of the copper coins in the cellar at home suddenly shrank by half, which made the rich people who reacted panicked, and took all the copper coins stored in the cellar at home to the market in exchange for materials in order to maintain their value.

Before dumping copper products, Chenji Bank, which was fully prepared, exchanged all the copper coins in stock, whether it was for itself and its partners or other customers, for gold and silver coin deposits and large certificates of deposit, and many of the copper coins in the cellar were exchanged for various high-liquidity bills and movable assets that could be bought and sold.

When the unresponsive political axe found that prices were soaring as a large amount of copper coins flowed into the market, Chenji Bank, which was firmly seated in the Diaoyutai Bank, changed the exchange price of gold and silver coins and copper coins. In one day, the originally stable 100 wen for one yuan silver coin was changed to 120 wen, and almost every quarter of an hour a sign of exchange price was changed.

Many people are aware of the future price rise under the depiction of the newspaper, and when the crazy masses run to the branch of Chenji Bank to ask for gold and silver currency to maintain their value, many people's faces are green when they see the price of the card falling sharply.

People who were struggling in their hearts whether to exchange the copper coins in their hands for less gold and silver coins saw that when the price was still plummeting, the last bit of hope for the price of copper coins to rise was shattered.

The streets in front of the bank were almost full of people who waited in line all night and could enter the bank after dawn to exchange for deposit receipts and gold and silver coins.

A week later, the price of Chenji Bank, which is equivalent to the market exchange rate, has fallen by 200 wen for one yuan, and the masses who have exchanged for gold and silver coins and certificates of deposit are glad that they are quick and fast, and the hesitants who did not exchange all the copper coins in the cellar for gold and silver coins and certificates of deposit regret are blue in their intestines. The people who joined forces to do this knew that this was just foreplay. The influx of copper money deposits almost filled Tatsuki's treasury and vault.

When all the accumulated gold and silver were exchanged for copper coins, the price of Chenji Bank's bar stabilized at the level of 500 Wen for one yuan, and then spit out a lot of rice, flour, grain and oil in exchange for gold and silver coins in the hands of residents and copper coins that were too late to exchange, of course, according to the price of almost 500 Wen or one yuan of silver coins and a bucket of grain for copper coins and gold and silver coins. Su Shi and other upright officials also closed their mouths with satisfaction after learning about the final plan.

Hundreds of millions of copper coins in the private cellar are not at all something that Chenji Bank can eat, Chenji Bank will raise the annual interest rate of all gold and silver coins fixed deposits to the level of 12%, the demand deposit is only a pitiful 0.5%, and the current interest rate of copper coins is 0.1%, and there is a 5% annual fixed interest rate for a year. In a few months, the cost of interest and expenses is only a few million yuan, and this differentiated interest rate is used to almost wipe out the gold, silver and copper coins of the private sector. In one fell swoop, the big way to solve the money shortage and the currency crisis shocked the court. The massive wealth absorbed is almost always a fixed long-term deposit, and there is little need to hesitate to invest in various industries with huge profits.

Lending to local governments is the main outlet for these funds, and then the government guarantees the safety of deposits and accepts the return of deposit receipts and taxes. After the government borrowed the money, it lent it to countless partners and related households, which were used to build bridges, pave roads, build factories, buy machinery, open mines and quarry, buy seeds, and open up wasteland for farming. This super-large-scale centralized lending has instantly pushed all public and private lending rates below 15 percent. It almost completely subverted the model of usury in the feudal era.

With interest income and a lot of extra money, the government at all levels paid only a small amount of tax collection and political credit that no one would use before. Chenji Group has received a large amount of capital and almost unlimited credit. Borrowers have enjoyed unprecedentedly low interest rates. Depositors have enjoyed unprecedented stable income and a sense of security in preserving the value of their assets. Everyone is a winner, and it's simply a revolution with no losers.

Since the advent of banks, the storage of money has become a loss-making business. There is a way that some people do the business that kills the head, and no one does the business that loses money. Interest-bearing zero-risk registered certificates of deposit are far more attractive than interest-free stored wealth. The stabilized prices and currency system eventually reached the level of 200 wen to one yuan before the Mid-Autumn Festival in the fourth year of Yuanyou. At the same time, the price of rice also fell to half of the previous price due to the sell-off of Chenji Group, that is, 200 Wen a bucket. As a result of the price reduction of bulk commodities, the poor people basically did not lose much in this turmoil, mainly because they paid a little extra copper money to buy grain during the period, because they did not have overnight food and savings, and they could not afford to lose much. Wealthy people with savings also gained gold and silver coins and certificates of deposit without much loss. And the wealthy who have real estate and other real estate as their main assets have doubled in value. The royal family and the senior bureaucracy, the largest landowners and property owners in the country, made a huge amount of paper wealth.

A new monster is being born, and no ethnic group will be able to catch up with the Han people, who are a thousand years ahead of the financial system for at least three hundred years in the future. In order to build a nationwide financial system, Li Ji has prepared a software reserve of tens of thousands of patented technologies, the most valuable of which is the first to use ten advanced technologies in the financial industry for absolute anti-counterfeiting.

There are dozens of colors of overprinted watermark paper high security commercial paper has been used in the circulation of thousands of Chenji Group and its related partners. This is the next step in the transitional era artifact of replacing physical money with paper money. It only takes five years to completely change the copper standard to the composite standard, while it will take at least one generation to promote paper money from physical currency to credit money, that is, 15 to 20 years.