C785 Teacher Zai Chun

But today, Zai Chun could already take out some of the new knowledge he had learnt to counter attack. In front of the modern financial knowledge, all of these clear officials were just a bunch of dregs.

"What is silver?" What was a copper coin? What is gold? Including the foreign currency, the newly issued bonds of the Great Qing Dynasty, and the Military Ticket s issued by the Ryukyu, it was actually just money! All of these things can be collectively referred to as money … "

"And what is money? In the end, money was just a subject. It was just a subject that both sides agreed to buy and sell! Master Weng, do you think this silver can be eaten or worn? Master Feng, do you think this pile of copper coins can be used as a house? "

"Humans need money after all. They don't need money per se, but rather things that they need in exchange, namely survival, living, living, spiritual enjoyment, and so on …"

Zai Chun imitated Xiao Letian and shrugged, saying indifferently, "Now you understand? "Don't mention how much money you have, the scene of the mountains of gold and silver appearing in your heads right now is your own fantasy, alright?!"

"Before the Qin and Han dynasties, could cloth even be used as money? "The government's salary is given to food and cloth, which is only limited if a little copper is refined into cauldrons and weapons. Although there are some knife coins, shovel-shaped coins and the like, only a few people can use them. The citizens still use the traditional trading method of bartering with goods …"

"At that time, there was no silver and gold coin, the gold and silver coins back then were merely the jewelry and ornaments of the nobles!"

"The real reason why silver became a currency was because of a whip technique practiced by Zhang Juzheng in the Ming Dynasty... "Master Weng should be very clear about this. He transformed all the taxes into silver, and silver and copper coins became the currency used in society …"

"Therefore, all sorts of things, including money, are evolving in this world. As long as there is something that can accomplish the goal of getting silver and copper coins, then even if it's just a piece of paper, it can still be treated as money!"

"In the Ryukyu, the amount of funds that we have is around 15 million silver coins per day, but not even 10% of the goods are traded in silver or in physical items. Most of the merchants simply take out a piece of paper with numbers written on it from an overseas bank, and call it a cheque to buy the entire ship's goods that he likes."

"The captains of the ships are also very willing to take this kind of cheque, because carrying it is not easy and they can even set up a password at the bank. This way, there's no possibility of losing it …"

"They took their ships to Shanghai, Tanggu, Guangzhou and even Hong Kong. With this thin piece of paper, they could exchange it for the porcelain, silk, tea, medicinal herbs that they wanted … And gold! "

"When these goods return to Europe, naturally, there will be European colleagues doing the same thing. With the support of the distribution banks, this Ocean trade crossing half the world will be completed …"

Today, the eleven year old Zai Chun had become the absolute protagonist, and the envoys present had become the primary school students. All of these simple financial theory knowledge had turned into white in his mouth, and he lectured the other party in a very understandable manner.

This was the essence of Xiao Letian's teachings. He had always thought that making complicated things easier to deal with would be his true ability.

After saying that, someone from the delegation exclaimed, "Oh my god, isn't it too easy to earn money from this bank? "When you take the loan with your left hand, you receive it with a high interest rate. Furthermore, you don't even need to use your capital, most of the physical gold and silver were actually moved around in the silver vault where they were assigned. Isn't that what they are selling for?"

With a "yes …" sound, Zai Chun snapped his fingers. I think highly of you. You've already reached the crux of the matter! "

Weng Tonghe coughed slightly, "Your majesty, please take note of your manners, you are the ruler of the nation, you do not carry a lot of work on the dock, do not take on airs!"

Zai Chun stuck out his tongue and said with a wry smile, "Isn't this the Forbidden City?"

"You are not in the Forbidden City. You are also the Emperor of Great Qing. You must have dignity!" Weng Tonghe's tone became stern.

"Alright, Master is right!" Zai Chun completed the task obediently.

The envoy who had just asked continued, "Such a profitable transaction, why don't we, the Imperial Court, do it ourselves? Why did he have to take advantage of Xiao Letian? "The imperial government has a tax as a guarantee. With the government to maintain order, we are not afraid of a run for money or bankruptcy. This is a good thing that needs to be held in the hands of the imperial government!"

Once he said that, everyone responded strongly, but unfortunately, all he received was a helpless shake of Zai Chun's head, as he asked in astonishment, "Could it be that this suggestion is not good? Why does His Majesty shake his head and sigh? "

Zai Chun stood at the window and pointed towards the direction of the bay, "At the pier where you guys are disembarking from the ship, there are a few statues, and all of them are kneeling statues. Among them is the original Ryukyu Minister of Revenue, Lin Yuanmiao … He was molded into a kneeling figure while still alive! "

"The stately Minister of Revenue almost got his head chopped off by the Prime Minister for embezzlement of 700 thousand silver. Lin Yuanmiao and his son, one was sick and the other was at death's door, while the other was travelling to Europe to seek redemption. Get that booklet! "

Da Sixi quickly handed over a thin book to the Master Weng. On it was Xiao Letian's record in the eyes of the Prime Minister's Manor, it was his analysis of how the bureaucratic class destroyed Chinese industry and commerce.

Why was it that in both the Song Dynasty and the Ming Dynasty, there appeared the budding of capitalism and the dawn of light that was necessary for the Industrial Revolution. This book gave a very clear answer, and that was the bureaucratic class who was too strong.

Xiao Letian who had lived two lifetimes knew that if capitalism was to rise, there needed to be a space for capital to fight. Millions of Dutch people dared to form East India Company, Britain, France and Spain to snatch the maritime trade cake, and in the end they even succeeded, all thanks to the power of capital.

Britain could be the first to industrialize. Jenny's textile machine, steam engine, railways and Royal Navy who protected the sea trade all seemed to have capital behind them.

As the saying goes, without money, you can't gather troops. In the business world, you also have no investment, so how could you have any big results? A huge amount of capital would be invested in exchange for an increase in scale and technology, resulting in a greater profit.

But the question arose. With so much money gathered together, who would protect him?

Zai Chun recalled the Prime Minister's speech at that time, "millions of silver taels gathering together is already a silver mountain, how could the greedy bureaucrats let go of such a fat piece of meat? Furthermore, for thousands of years, Chinese civil officials had been repeating the same line: 'industry and commerce, merchants are the lowest class. Their political rights have been suppressed to the lowest level …'