I want to ruin the country

Copper coins and silver have their own value as currency. No matter how many years pass, they will maintain their value and there is no need to worry about depreciation.

What paper money actually consumes is the government's credibility.

The government has strength and credibility, and you can use paper money of equal value as gold and silver of equal value.

If the government loses its strength and credibility, then banknotes are just pieces of paper and mean nothing.

For example, why did the gold yuan notes and legal tender during the bald period eventually become waste paper?

The reason is that due to inflation, prices have skyrocketed and the government has no effective measures to curb inflation.

A gold yuan note with a face value of 10,000 yuan could not buy a steamed bun.

You can’t buy the same amount of toilet paper with the same amount of gold yuan.

The government's financial economy collapsed and its credibility was destroyed.

The common people have become leeks harvested by the government, and their lives are miserable!

Although everyone opposed it, Yining had the experience of later generations, and he had enough confidence to ensure that the economy would continue to grow at a high speed for a considerable period of time.

He has more confidence and means to deal with possible inflation crises.

What he thought in his heart was that if his wish came true and the world was unified, he would firmly follow the path of a teacher and would never allow capital to control society.

If there is no intervention of capital forces, no stocks, bonds, futures and other things entering the market, and the government effectively regulates the market and productivity, how can there be any inflation!

"Your Majesty, although I don't understand economics, I also know that before the emergence of gold and silver, there was a commodity exchange system.

The value of my two buckets of coarse grains can be lower than the value of your one bucket of fine grains. If we exchange them, neither of us will suffer a loss.

After the emergence of gold and silver, it was also based on equal exchange.

Everyone knows why one thousand copper coins can be exchanged for one ounce of silver.

That is to say, one tael of silver can buy the same things as one thousand copper coins.

Moreover, no matter how much time has passed, it maintains its value. One or two taels of silver can still be exchanged for one thousand copper coins, with not much difference!

But if one tael of silver is exchanged for a piece of paper, we now recognize this exchange, so of course there is no problem.

But if someone no longer recognizes this exchange, the silver will still be silver, but this piece of paper will just be a piece of paper with no other value!

Therefore, the people will definitely not accept a piece of paper representing gold and silver!"

Du Shoutian also said,

"Your Majesty, Lord Lin is right. I also suggest that Your Majesty not carry out any currency reform.

The final result will probably be a waste of money and manpower, disrupting the financial order, and forcing it to end abruptly! "

“Your Excellencies are right. Whether it’s gold, silver, or copper coins, they all need an anchor as currency!

The role of an anchor is to reflect credibility, that is, something that everyone recognizes!

Since everyone recognizes it, whether it is gold, silver, copper or other things, it is all acceptable!

For example, Lord Lin needed a bushel of grain from someone, and that person gave him the grain.

He took out a brick from his home and said to the man, "No matter when, as long as you have this brick, you can come to my house and exchange it for this bucket of grain. Is there a problem with that?"

There are problems, and there are no problems!

If someone came with this brick, Lord Lin would take the brick back and give them a bushel of grain, and there would be no problem.

If you don't recognize this brick and want to shirk your responsibility,

'This is a brick, I won't give you food',

This is a problem, so the key to the problem is whether you recognize that this brick is a bushel of grain, not the problem of the brick itself.

There are two possibilities if Lord Lin does not recognize this brick.

One type is that the person has food at home, but deliberately breaks his promise just to earn a bushel of food from others by selling this worthless brick.

This is a question of character.

The other possibility is that Lord Lin's family has eaten or sold the grain and has no income to replenish this bushel of grain, so he cannot fulfill his promise.

This isn't a question of character, it's a question of ability, am I right?"

"Correct!"

Yining said again,

"The reason why I dare to use paper money instead of gold, silver and copper is because I don't want to be a person with bad character who deliberately denies his debts!

Second, I will not be someone who is not capable enough to pay back the other person’s bucket of grain!

What I am doing now, whether it is agriculture or industry, is developing in a healthy way.

In the future, our economic trade will be able to reach the whole world, and large quantities of gold and silver will be brought back in shiploads. This is my confidence!

Therefore, you don’t have to worry about anything else. I can guarantee that no matter how much paper money is issued, there will be enough gold and silver to back it up.

I will never cheat my own people!"

Finally, after a heated debate, everyone was finally persuaded by Yining and all passed the decision on currency reform!

Then, an imperial decree that shocked the entire country was issued.

Due to the rapid development of industry, huge amounts of materials such as gold, silver, and copper are required.

Therefore, gold, silver, copper and some other precious metals are listed as strategic materials and are subject to control.

From the date of the announcement until the Spring Festival, anyone who has gold ingots, gold articles (except antiques and cultural relics), silver ingots, silver ingots, silver articles (except antiques and cultural relics), copper coins, and copper articles (except antiques and cultural relics) at home must go to the Royal Bank to exchange them for Chinese banknotes.

Large amounts can be deposited into an account or a passbook can be opened.

The bank guarantees the safety of depositors' funds while strictly keeping depositors' confidentiality.

One copper coin can be exchanged for one Chinese currency, and one tael of snowflake official silver can be exchanged for one thousand Chinese currency.

After the Spring Festival, any gold, silver or copper stored in the house exceeding sixteen taels would be confiscated.

If the number is huge, the offender will be sentenced to imprisonment, caning or even death.

Anyone who engages in private gold and silver transactions will be punished for the crime of speculation and profiteering that undermines the national financial system, with the maximum penalty being death.

This decree was like pouring cold water into a pot of boiling oil, and suddenly there was a boiling and crackling sound.

Since ancient times, wealthy people in China have been concerned about having a house to live in, land to live on, herds of mules and horses at home, and full warehouses of grain.

The most important thing is how many jars of gold, how many jars of silver, and how many vats of copper coins are buried underground.

That way they can sleep!

In the past, the emperor issued an edict prohibiting the casual buying and selling or private hoarding of gold. Although everyone was worried when they heard it, it did not cause much panic.

First of all, the emperor is not searching for gold door to door, so you just need to avoid being caught by the government when buying and selling!

The second is that those who have gold are a minority after all, and they consider themselves powerful and prestigious. If something happens, there will be people who intercede for them and make excuses for them, so they are not afraid.

This time it was different. There were only a few landlords and gentry who had no silver at home, but there were plenty of copper coins.

What the emperor said, asking us to exchange real money for a piece of paper, is impossible!

Love whoever you want, I won’t change anyway!