My father is Jiajing

Chapter 396 The Purpose of the Federal Reserve

As soon as Zhu Zaigui proposed the concept of the federal reserve, the eyes of the bank owners present lit up instantly.

Who could disagree with such a good thing?
In the business of silver banks and money houses, everyone wants to set rules, but everyone has their own territory and their own abilities, so who will obey whom?

Therefore, although the business of silver banks and money houses seems calm, it is actually turbulent. Everyone is thinking about how to kill the other party and take over the other party's territory and money for themselves.

But is this easy?

This is not easy either.

Therefore, many banks and money houses just put on a superficial smile.

Now if there really is an industry organization and industry rules for everyone to follow, then in the future everyone will no longer have to worry about whether others will plot against them.

Everyone looked at Zhu Zaigui with eager eyes, "Your Highness is right, we are willing to do so. But how do we do this 'federal reserve'?"

How the Federal Reserve works is a core issue that everyone is concerned about. After all, no one wants to hand over his or her lifeline to someone else, even if that person is the current regent prince!
Zhu Zaigui said: "The Federal Reserve must be established on the principle of fairness and justice. We must not let everyone suffer losses. Otherwise, even if I boast to the sky, with your wisdom and integrity, you will definitely not support me."

"So, you don't have to worry about the fairness of the Fed's proposal. I will definitely come up with a plan that everyone is satisfied with."

In fact, the idea of ​​the Federal Reserve had been brewing in Zhu Zaigui's mind for a long time.

At the beginning, Zhu Zaigui wanted to use new banks like the Beijing Special District Development Bank to eliminate all the old money houses.

Later, after being verified by facts, Zhu Zaigui realized how naive and ridiculous his idea was.

Behind these money houses and silver shops are either powerful local business gangs or well-organized salt merchants, Shanxi merchants and other old-fashioned folk forces that have been passed down for hundreds of years.

Moreover, their organizational and responsive abilities are so strong that even if there is a change of dynasties, except for some unlucky ones, most of their families and forces can smoothly transition to the next era.

Therefore, instead of going against them, it would be better to find a way to recruit them and control their power in your own hands. This is the best option.

Otherwise, we would really have to fight them to the death. Putting aside the question of whether we could win or not, the Ming Dynasty had such a fragile financial situation and the ills and problems that had accumulated over the past two hundred years.

Maybe after the fight breaks out, the Ming Dynasty will be the first to die.

Therefore, for the sake of stability, for the sake of the Ming Dynasty, and for the sake of the people of the world, Zhu Zaigui had to learn from the wisdom of later generations, first find a common interest goal for everyone, and then slowly solve the deep-seated potential problems.

This is the real way to solve the problem, not an impulsive decision made on the spur of the moment.

Zhu Zaigui looked at the expectant eyes of the crowd and continued, "You all know that our Beijing Special District Development Bank can issue small-value, hard-to-copy, guaranteed-to-redeem banknotes. Moreover, in the past year or so, these banknotes have been almost equivalent to the copper coins issued by the court in and around the capital, and have real monetary value and purchasing power."

"Therefore, I have decided that once the Federal Reserve is established, I will make this technology public within the Federal Reserve. All members of the Federal Reserve can use this banknote as an exchange note to meet the small savings needs of each family."

As soon as Zhu Zaigui said this, Gao Gong, Zhang Juzheng and others, as well as Qian Qiben, Qiao Wanjin and others, all gasped.

For more than a year, many banks have been jealous of the small-denomination, guaranteed-to-be-redeemed banknotes issued by the Beijing Special District Development Bank. Unfortunately, no matter how hard they try, they cannot replicate it.

Moreover, if they try to learn from the small-value just-converted notes issued by Beijing Special Zone Development Bank, they will soon be copied by people with ulterior motives, and then they will suffer a huge loss. Therefore, after more than a year of painful lessons, all banks have extinguished the idea of ​​issuing small-value just-converted notes, and can only watch Beijing Special Zone Development Bank eat up all the dividends from this area.

Now Zhu Zaigui actually wants to incorporate this method of producing small-denomination, guaranteed-to-be-redeemed banknotes into the Federal Reserve, which is a great thing.

Who among those present could not be excited?

Qiao Wanjin suppressed his trembling heart and shaking hands. He stared at Zhu Zaigui with a little excitement and asked, "Are you serious, Your Majesty?"

Zhu Zaigui said calmly: "Your Majesty, once you have spoken, you cannot take it back!"

After hearing Zhu Zaigui's promise, Qiao Wanjin became even more excited.

He then asked, "Your Majesty, how are you going to establish this Federal Reserve?"

This issue is also a concern for everyone.

After all, such a new organization must have a ranking, and with a ranking there will be highs and lows. So before that, the shopkeepers and persons in charge present must know the rules.

This way they can consider whether this matter is worth following up.

Zhu Zaigui looked at Qiao Wanjin and smiled, "This shopkeeper has hit the nail on the head. How to establish the Federal Reserve is also a crucial issue. If I cannot satisfy and reassure you all, then my proposal will naturally be scrapped."

"So, before I talked to you, I had already thought about the rules of the Federal Reserve."

Zhu Zaigui paused here, then looked around at everyone. After making sure that everyone's attention was on him, Zhu Zaigui continued, "First of all, we should clarify the purpose of the Federal Reserve. I believe that the purpose of the Federal Reserve is to safeguard the interests of all of us, and at the same time safeguard the overall interests of the Ming Dynasty. This purpose cannot be changed. Do you have any opinions?"

Everyone nodded in unison and said, "Agree!"

Zhu Zaiqi hummed, "Since everyone agrees with this purpose, then this purpose is the highest purpose of the Federal Reserve we want to establish. Do you agree with this?"

Everyone replied in unison: "Agree!"

Zhu Zaigui nodded in satisfaction and continued, "Since this tenet has been passed, I will now talk about the issue of interests. This issue must be the one that everyone is most concerned about."

As soon as Zhu Zaigui said this, everyone couldn't help but smile embarrassedly.

At the same time, Gao Gong and Zhang Juzheng were also staring at Zhu Zaigui. They also wanted to know what kind of organizational structure this so-called "Federal Reserve" that Zhu Zaigui was talking about was.

If this federation can really be established, what impact will it have on the Ming Dynasty?

These are the questions that Gao Gong and Zhang Juzheng most urgently want to know.

So at this time, Gao Gong and Zhang Juzheng were also very alert, listening attentively to every word of Zhu Zaigui, for fear of missing a single word.

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