Chai Yuan tried to issue IOUs completely in currency according to the approval.

June 18, 2024

In this process, due to the high credibility of the big government, there is no trace of copper coins from the transaction of goods to the payment of taxes
"Farmers, craftsmen, businessmen, the main people who conduct business transactions in these markets, they are already indifferent to the question of whether IOUs can be exchanged for the same amount of copper coins by local banks.
They believe that IOUs can buy what they want, and they believe that when IOUs pay taxes, they give them to the government, which is recognition that I didn’t find a copper coin in the whole process. "
Chai yuan was excited.
He got up and made a speech as if he were addressing the officials attending the meeting.
"As far as I can see in Shandong, the local people have become accustomed to the state of small-scale trading of copper coins and large-scale trading of white bars. They generally recognize that copper coins are heavy and a little bit can be brought, while white bars are light and more portable.
When they buy some gadgets, rice and salt, they bring a few coppers. When it’s their turn to buy meat, oil, cloth and so on, they generally make white bars merchants trade on a large scale, and I haven’t seen copper coins. Doesn’t that mean something? "
Look at me, I’ll look at you, officials attending the conference. Many people have made small-scale and low-level comments as if they were serious about this matter.
Many people involuntarily turned their attention to Su Yonglin.
There is no doubt that Su Yonglin can make the final decision and bear the ultimate responsibility.
Chai Yuan also turned his attention to Su Yonglin.
"Chairman, it is not impossible to continue the copper coin strategy, but the problem is that with the increase of the large population and the increasing number of people engaged in business, copper coins will inevitably fall into a state of living beyond their means, and then it will happen that the cast copper coins will be more expensive than the money. This is no small problem."
Chai Yuanli gave his own opinion and hoped that Su Yonglin would approve his suggestion.
Chapter 1217 Golden Route
Chai Yuan said it was very reasonable, so Su Yonglin was silent for a long time before he spoke.
What he wants to say is simple, that is, he does not support believing in monetary policy.
"Making paper money is indeed the simplest solution at present, but at present, I still insist on the strategy of linking precious metals such as gold, silver and copper to currency instead of simply issuing paper money with the credibility of the government."
Chai yuan leng one and then a pair is very puzzled.
"What? Isn’t the current state of the chairman the best? White stripes have established the unshakable trust of the government and the people, which has never been seen in ancient times and modern times. Isn’t this the best time to initiate the reform of paper money? "
Yes, this is the best time, but it is precisely because of this that Su Yonglin can’t allow the reform of credit paper money to become a reality.
because
He doesn’t believe that the imperial court can maintain its credibility forever.
Even in the modern era when paper money has become mainstream, some governments still play their own paper money as mainstream toilet paper-based paper money, saying that it is credit paper money, but there are actually some equivalents linked to maintain its value.
At present, it seems that there is no paper money that can maintain its credibility and strong currency for a long time by relying solely on the credibility of the government.
To put it bluntly, this thing of credibility is that in the era when metaphysics and modern information are so smooth, toilet paper is even worse than paper money. What about the Grand Palace at this moment?
He, Su Yonglin, is still alive, and his prestige is overwhelming. Nevertheless, there are still unincorporated people who use their power and position to do illegal things to harm the people and the country. What will Congress look like when he dies one day?
Can that successor stick to his ideal?
Even if he sticks to his ideal, can he maintain the situation he wants to maintain?
He insists on unshakable credibility, so that people can identify with paper money because of his trust. Then, once one day the imperial court of heaven goes astray, some unscrupulous bastards can instantly turn paper money into a weapon to plunder people’s wealth.
It takes a few decrees to get through the sky, and they can keep the wealth that their citizens have worked hard for decades without blowing off dust.
It is absolutely possible that such a thing will happen. Su Yonglin will never pin his realistic worries on the metaphysical question of future generations’ virtue and integrity.
Keep the physical currency or let the physical currency be linked to the paper money, so that even if the paper money is scrapped, the people will have no physical currency at all.
Paper money has abolished physical money and has physical value, and people will not be poor overnight.
Although I am willing to believe that his successor will make it better, what if?
He had to leave something for the people to fight against this kind of emergency valve.
Although he has been lucky all the way up to now, the more he knows about this kind of luck, the more he hopes that this kind of luck can be ruled out and it will not happen again.
Physical money is good for its own value, while letter paper money is a piece of waste paper once it is gone.
So Su Yonglin resolutely denied the idea of issuing paper money that was divorced from the physical reputation.
"The government’s credibility issues paper money. The government’s credibility can still be invalidated. Paper money is immediately used by waste paper people. This must not happen! Even if you want to issue paper money, you must be linked to physical currency. This is an unshakable iron law! "
Su Yonglin looked at Chai Yuankou and said, "Your idea is very good and forward-looking, but the problem is that we have to leave the people a way out so that they have no resistance when they are in danger. This is not what our revolutionaries should do."
Later, Su Yonglin expressed his views on the current monetary situation and thought that the current situation could be temporarily maintained until the Song Dynasty was completely destroyed before making overall changes.
The credit note plan was permanently blocked by him and could not be restarted.
Since he has spoken, others have nothing to say, and the five-year meeting of Hongwu on currency reform has never been mentioned again
What Su Yonglin craves most for money is precious metals.
As the saying goes, money is not gold, but gold is money. Gold and silver not only have the value properties recognized by human beings, but also are very stable and maintained at a very low level, far from food and salt materials.
At present, although there are Lingnan areas in China where gold and silver can circulate because of Guangzhou Shipping Company, it will be excellent for the financial state of the whole country if the gold and silver level system can be established to issue paper money or simply issue gold and silver currency.
Even if the future banknotes waste gold and silver.
If we really want to do this, we should not only enrich the gold and silver minerals, but also take the lead in opening the American waterway and establishing trade with the Native Americans.
Through the commercial trade of tea, porcelain and silk with each other, it took years of accumulation and preparation to obtain excess gold and silver from Native Americans.
However, if you want to go directly to the American continent from China, the safest route at present is of course not to cross in a straight line, but to cross the Bering Strait from the northeast along the coastline and enter the American plate, and then sail southeast along the coastline to reach the American continent and land on the west coast of North America.
At that time, it is estimated that Siberia, Alaska and other places will establish some maritime transit to work out a "golden route" to America.
It doesn’t take a long time to explore, but once it is explored, there will be a direction to get out of the predicament.
At present, the complicated currency situation at the frontier is not good for economic development, and it is of great significance for China’s economic take-off to complete the reform of gold and silver level as soon as possible.
After much deliberation, Su Yonglin made up his mind to set up a large voyage exploration fleet immediately after the smuggling case in China was settled.
This Su Yonglin specifically ordered the formation of a navigation department, which was independent of the major departments of the imperial court, and was directly responsible to others and directly listened to orders from others.
Then he asked the Privy Council to deploy the best and capable shipbuilders to choose the most suitable wood for ocean voyage to build a strong ocean-going ship.
Then, excellent naval officers and experienced sailors were selected from the navy, and sailors who lived in the sea all the year round, sailors who knew well about sea navigation and so on were recruited from Quanzhou and Guangzhou.
Su Yonglin is going to set up the strongest exploration and navigation team exhibition in this era. The ultimate goal of the exploration and discovery of the waterway in the American continent is to establish a safe and reliable long-distance navigation route and establish a stable sea and trade route in the American continent in advance.
This fleet was named Beiyang route expedition by Su Yonglin.
At the same time, Su Yonglin remembered that there seems to be a rich copper mine in Nanyang Philippines. Although the gold and silver level system will be adopted in the future, copper is also a kind of precious metal. If we can have more fun, why not?
So Su Yonglin asked for the establishment of a Nanyang route expedition.
Compared with the Beiyang expedition, it is much more dangerous and safe to stop the Nanyang expedition.
Give me many large and small islands in Nanyang to explore minerals, especially gold, silver and copper mines. If you find minerals, you should send someone back to report immediately, regardless of the owner.
The establishment of that navigation department is a demonstration of China’s determination to take the first step toward the ocean.
However, Su Yonglin’s decision still has a lot of resistance throughout the imperial court.
Chapter 121 World Revolution
As for Su Yonglin’s plan to go overseas to find precious metals and explore unknown areas, most people in the imperial court did not quite understand this action.
They generally feel that doing so will cost a lot of money, manpower and material resources, and will add a great burden to the court’s finances.