But it's still that sentence, Zhu Yunxi only plans to take his time little by little.

Finance is an uncontrolled tiger.

Even Zhu Yunxi couldn't predict what changes this tiger would have after it was put in Daming.

But Zhu Yunxi, who has learned from the experience of his previous life, knows.

Every step must be taken carefully!

Therefore, Zhu Yunxi is still mainly based on entities, and capital and financial instruments are just a tool for Zhu Yunxi to leverage the wealth of the Ming Dynasty.

After a moment of thought.

I saw Zhu Yunxi say: "I have been thinking about it for a long time, thinking that today's Ming Dynasty is too slow to rely on the imperial court to build roads, water conservancy, and cities. ”

"In the past, the imperial court issued bonds, and then issued finances through the household department of the Ming court, which was too backward."

"Therefore, Gu intends to open up the right of local government to issue bonds, and allow local governments to issue bonds, with local revenues as collateral, to issue local bonds for infrastructure construction!"

Zhu Yunxi undoubtedly embarked on the road of later generations.

Localities are allowed to issue bonds to build all kinds of infrastructure, so that each locality has the money to build the water conservancy and transportation projects it needs.

There are also various houses, cities, schools, and so on.

Solve all kinds of problems together.

Let each place have enough money to squander, but for the time being, Zhu Yunxi will not allow these places to have too much right to issue bonds, and there will definitely be a limit.

And Zhu Yunxi has no intention of embarking on the road of selling land to make money.

Because that's just a matter of desperation.

In the future, the land was sold because of poor finances, and there was no money at all, not to mention the previous debts, even a little salary could not be paid!

But in Daming, the local government is fully capable of paying off debts.

Because the current Ming Dynasty is facing a vast and desolate market, waiting for the people of the Ming Dynasty to open up.

As long as the local government is willing to support its own industry, it can reap the world's resources.

Such a large amount of resources poured into Daming, which naturally gave Daming the ability to repay debts, instead of selling what he originally owned in exchange for money.

Even if this 'sale' is only a sale of the right to use.

But Zhu Yunxi had no intention of doing so, because it was just a helpless move.

But how can it be so easy to reap the wealth of the world?

In addition to the abundance of goods, there must be enough merchant ships, and most importantly, how can the two sides trade because they have different currencies?

These are all problems that Zhu Yunxi needs to solve at present and in the future.

"Retreat."

After Zhu Yunxi announced this decree.

Directly announced the withdrawal of the DPRK.

He needs to think carefully about how the overseas trade of the Ming Dynasty will be carried out in the future, and by the way, think carefully about where the traitor who belongs to him is.

Not even a single traitor who charged into battle could be found.

Then he, the grandson of the prison country, is too much of a failure!

…………

The Imperial Study.

Zhu Yunxi was meditating, recalling what he had learned when he was studying in the past.

If you want to develop overseas trade.

There must be one thing that is inseparable, and that is the exchange rate!

The ratio of the national currency to the currency of another country is the exchange rate.

And how are exchange rates priced? At the beginning, it was naturally priced according to the value of the goods, as if between two different countries, a pound of grain is the same.

But in Daming, a pound of grain is only sold for ten basic monetary units.

In the Wa Kingdom, a pound of grain was worth sixty of the most basic monetary units.

Then the currency exchange rate between the Ming Dynasty and the Wa Kingdom is one to six.

One penny of the Ming banknote is equal to six pennies of the Wa Kingdom.

In this way, the purchasing power of the currency of the Ming banknotes is naturally strong in the Wa country, and raw materials can be harvested in the territory of the Wa country at will.

But the current trading model between the Ming Dynasty and the Wa Kingdom is not like this.

Because the current Ming Dynasty has completely opened the door of the Japanese market with guns, there is no normal transaction at all.

directly ransacked the market of the Wa Kingdom with goods.

And the means are much more brutal, and they are not as peaceful as imagined.

Therefore, there is basically no currency exchange, and it is completely the merchants of the Ming Dynasty who are forcing the implementation of the paper money of the Ming Dynasty, and they do not use the currency of the Japanese State as the transaction currency at all.

In addition, the local silver deposits of the Japanese country are abundant.

Every household has a lot of silver, so the Wa Kingdom did not use silver as currency.

And Daming because of the scarcity of silver.

Therefore, silver is very valuable and can be used as a currency.

However, the merchants of the Ming Dynasty did not recognize the purchasing power of silver at all, but directly took it away as an ordinary mineral at the local price.

changed hands back to the territory of Daming, and directly made a lot of money!

And the silver looted from the hands of these Japanese people turned out to be more than the output of Iwami Silver Mountain for several years, which suddenly enriched the silver in the Ming Dynasty.

Silver is no longer lacking.

Families began to have silver, and the value of silver began to decline.

On the contrary, because of the increase in silver, the monetary value of Daming banknotes has been anchored, and the credit has increased greatly, and in the minds of the people, Daming banknotes have been equated with silver.

At least Zhu Yunxi no longer has to worry about the Daming treasure banknote like a piece of waste paper in the eyes of the people.

"The current Ming Dynasty still has a long way to go if it wants to really develop overseas trade......

Zhu Yunxi sighed.

It is impossible for every country to be like a Japanese country, using strong ships and cannons to open up the market.

It is more important to rely on capital, on the monetary and financial system, and to play other countries in the palm of your hand.

Let them unknowingly, they were robbed of their wealth by Daming.

It is used to enrich the heritage of the Ming Dynasty.

But there is too much knowledge that needs to be supplemented, and even if Zhu Yunxi teaches it by hand, it is difficult to teach.

can only let the merchants of the Ming Dynasty explore in practice.

Lessons learned.

At the same time, if the Ming Dynasty wants to develop, it must put money into the pockets of the people with one hand, and directly empty the pockets of the people with the other hand.

There are always new stimuli and new desires emerging.

We can't let the idle money in the hands of the people of the Ming Dynasty too much, and it must be flowed out.

This is also why Zhu Yunxi had to abolish science.

Because the concept of 'preserving the principles of heaven and destroying people's desires' is still influencing people's hearts hundreds of years later.

Subconsciously, there is always a tendency to be conservative.

The distribution of money is extremely irrational, and 90 percent of the property is on deposits.

In Zhu Yunxi's vision, the people of the Ming Dynasty not only need to have savings, but also have their own assets and investments, which are divided into triangles.

Three-legged.

This can activate the activity of the Daming market to the greatest extent.

Let the people of Daming have more desire to harvest the world!

Contrarily.

If the people of the Ming Dynasty are satisfied with this, they lose their vitality and are unwilling to go to sea to adventure.

Sooner or later, the Ming Dynasty will be rigid and corrupt.

It is only a matter of time before they fall.

Zhu Yunxi didn't want to see such an ending.

"That can only be a hard time for yourself, and compile this knowledge as soon as possible."

"Let the people of the world know."

Zhu Yunxi sighed.

Unexpectedly, not only did he fail to suffer the people, but he also suffered himself!

(End of chapter)