C3409 I don't rub sand in my eyes

It was not like scholars in the Qing Dynasty era didn't know about economics. An influential official like Zuo Zongtang had a very unique way of thinking and gaze, they weren't pedantic scholars who study until death.

They may not have been able to see clearly what Xiao Letian's plan was at the beginning, but after so many years, even a fool would know of Xiao Letian's conspiracy.

"What is a note? Do you think I'm a three-year-old? It means that you have money that can be exchanged with one another, but you dare to deny that Xiao Letian did not add sand to it? "

"You, Fan family, control the Chinese banks. You have the right to issue banknotes, so you should touch your chest and ask. Do you have any extra banknotes?"

"Don't try to hide it from my eyes. What's the difference between this and the treasures in history? They were all left over from the old ancestor's game!"

China was one of the first countries in human history to use paper money. From the Song Dynasty, there were exchanges in the business world.

This kind of government currency was completely different from the banknotes that were in circulation in the Qing Dynasty. To put it bluntly, banknotes were like silver certificates, and one could exchange them for silver at any time.

However, they were all legal tender issued under the executive order of the government!

However, the Paleogene was a legal currency used to amass wealth from the very beginning. The imperial government often issued excessive amounts of paper money, causing severe inflation in the market.

But the interesting thing was that it was a time when paper money and physical money were flowing at the same time, and when more paper money was issued, it would only cause the paper's credit to crumble, and inflation would be concentrated on the paper money.

The sharp contrast between the increasing purchasing power of copper coins and silver has helped ancient scholars who didn't understand economics to understand some of the basics of inflation and deflation.

Of course, there was no such thing as inflation or deflation in those days. People could only say that money was more valuable!

The currency notes that Xiao Letian had issued were now called south banknotes, and the North Ticket s that were released by the Great Qing Dynasty s were jointly supporting the currency order of the Qing Dynasty, and these kind of currency notes that had evolved from Military Ticket s had learnt many historical lessons from the very beginning.

"Xiao Letian is such a scumbag, he's so smart! "It seems like he really does know how to read foreign ink. He doesn't know how to make money or make money, which means he's very smart!"

"Firstly, he promised that the paper money could be exchanged for silver coins at any time, which dispelled the basic concerns of the commoners!"

"Second, he actually thought of using taxes to endorse paper money, allowing the tax to be paid using paper money. This is also a genius!"

"Third, most of the notes he had issued didn't exceed ten yuan, they were mostly one yuan, two yuan, or five yuan in denominations. It was precisely because the denomination was small that the people at the bottom level dared to give it a try!"

"These three axes are very powerful, they have successfully opened the market credit of South Ticket! But at the beginning, you all kept your promises, and then you all began to go easy! "

"Battling requires money, once the cannons sound, it's 10,000 gold. Xiao Letian also wants to buy battleships and make Gun s, he would just need to arm wrestle with the European elite."

"Such boldness!" I do admire him, but I also know that he, Xiao Letian, is not an immortal.

"We still have to rob the people! How many War bond s had he released in the past few years? Several tens of millions, right? "

"How much more did you print on your paper money? To be honest, it's more than double the amount of silver stored in your treasury, right? "

"At this time, you are relying on the news of successive victories to maintain your confidence in the market and not collapse!"

"If there really is a loss... Hehe, at that time, it will probably be a crowd! "When you guys don't have that much money to exchange for southern tickets with the commoners, the world will fall apart!"

Zuo Zongtang raised his head and drained his cup, "You actually wanted to fill the 35 million silver military expenditure gap with just Xiao Letian? Did you really take me for a child and play with me? "

Fan Jin and the others looked a little embarrassed, "The Great Marshal is indeed wise, this humble one does not dare to tease the Great Marshal. I will not hide the matter of the banknotes mixed with water from you, of course it will be a little, but it will not be as serious as what you said …"

"Hahaha …" Zuo Zongtang laughed wildly, "It's not that serious? Still not telling the truth? "I know how you're going to refute me, but doesn't that mean that the run has yet to happen, and that the prices in Jiangnan are still very stable?"

"But I can poke a hole through your lies. Why is there no surge in Jiangnan right now? Why are the citizens still using their south tickets?"

"That's because Xiao Letian's ghost spirit is actually able to move Nan Yang's worthless rice north to suppress the price of food in Jiangnan!"

"Ai …" "A genius!" Although Zuo Zongtang attacked Xiao Letian's monetary policy from outside his words, he still admired Zuo Zongtang from the bottom of his heart.

"Only a man can convert the energy of heaven and earth into his own. Xiao Letian is indeed!"

"Since ancient times, China has a stable price for food. As long as the money in our hands can buy food, we will be at ease. The people will praise the golden age!"

"Nanyang Three Season Rice was shipped by your entire ship to Jiangnan and Jingjing. All the grain that was dumped here at a low price could not be sold for a good price!"

"But once the price of food has stabilized, what about the other goods? Raw silk, tea leaves, porcelain, silk, medicinal herbs, wood... You won't be able to hold the prices of these commodities, right? "

"In these past three years, the price of raw silk has increased by half, the price of tea leaves by half, and the other commodities have also increased by more than half …" The business owners of Jiangnan suffered greatly! "

"For example, how much of the black tea in India did you steal from Europe because of the increased cost of the tea leaves?"

"Now, even the foreign merchants in Shanghai are complaining that the price of our goods has gone up too fast!"

"Why did the price rise? Did we really have to lower our production? You lied to ghosts … "After the long-haired extermination, Jiang-Nan economy was always in a recovery period, and the production of all kinds of goods was increasing!"

"But if the price still increases like this, then there's only one explanation. The amount of money that you've got on that southern ticket is definitely more than double!"

"Your Chinese economy is so tense that it's about to break! Are you still telling me about the 35 million taels military expenditure? As for what exactly is going on with Xiao Letian, you better obediently explain it to me! "

"I, Zuo Zongtang will not rub sand in my eyes!"

These words caused Fan Jin's face to turn pale, he turned pale with fright, and thought to himself: There's really a smart person, to be able to say all of this in one sentence is the biggest flaw in our Chinese economy!

"This guy is really hard to deal with, the Chief's mission is really difficult!"

But no matter how difficult it was, he still had to do it. Before he left, he would issue a military order in front of Fan Lian, if he couldn't complete the mission, he would be sent to the border to not allow him to return home.

He could only grit his teeth and give it his all!