Crossing Wu Dalang starts from selling cakes

Chapter 542 Economic Turmoil!

Mr. Wang was puzzled and said: "There are many sources of gold in the Great Song Dynasty. In the past, there were a large number of gold mines in the mining areas of the Jin Kingdom and the Liao Kingdom. We also have gold mines in the Central Plains of the Great Song Dynasty!"

"Of course, if you want to talk about the source of the most at present, it is naturally the small island... Master Zhou means..."

"Not bad!"

Zhou Ji said slowly: "Our Da Song, because of our cooperation with Xiaodao Gold Mine, many technicians from other mines have been transferred to Xiaodao to dig a lot of gold!"

"It's just that Xiao Dao privately embezzled gold, which caused Da Song a lot of losses. Now Da Song and Xiao Dao are at war, and gold mining has stagnated."

“Paper money is still in circulation in the market, but the conversion value of the paper money is still derived from the gold reserve.

Gold is the most important thing, banknotes, silver taels, that is just the conversion value of gold! "

"The popularity of paper money before made gold worthless, and it was only temporary!"

What Zhou Ji said made everyone present at a loss.

It felt like Zhou Ji was talking nonsense and didn't know what he was talking about.

Zhou Ji said with a smile: "Now that the small island and the Song Dynasty are at war, and the largest source of ore is shelved, it will definitely have a certain impact. You must know that wars will most affect the market and prices, and will also affect the value of currency!"

An official said: "You mean that the suspension of gold mining on the small island has caused the value of banknotes to decrease? Gold has started to be valuable again?"

Zhou Ji nodded: "Exactly!"

Lord Wang shook his head: "Not necessarily? Although the island is rich in gold, it has only been a long time. We have a lot of gold reserves in Song Dynasty. It is not so easy for banknotes to be hit!"

Everyone nodded, agreeing with what Mr. Wang said.

Zhou Ji smiled and said, "That's not necessarily the case! Don't you forget, how did the banknotes get stir up in the first place?"

"The banknotes were worthless in the first place, why did they suddenly become so valuable? It wasn't because Prime Minister Wu was making public hype, and the banknotes suddenly skyrocketed after a meal of operation!"

"The same is true for gold, although the small island's gold is out of stock, it seems that it will not affect the economy of the Song Dynasty.

But can't we release some news and stir things up?As long as everyone believes that paper money is worthless and gold is valuable, when everyone in the world thinks so, paper money will become worthless! "

"When the time comes, the common people will all want gold, so won't paper money be invalidated?"

Lord Wang: "What if the people don't want banknotes and want to exchange them for gold, and the government issues an imperial decree to close the exchange channel?"

Hearing this, Zhou Ji laughed even more: "Lord Wang, it would be fine if you allow the exchange. If His Majesty really does this, then the Song paper money will be completely hopeless."

Lord Wang: "Oh? How do you say that?"

Zhou Ji smiled and said, "Think about it, how long are paper money? Gold can be exchanged for paper money, but paper money cannot be exchanged for gold. The sense of trust that has been built with great difficulty will collapse, and the common people will even less trust paper money." .”

"Once things get to this point, all the contributions made by Wu Zhi will be in vain. Paper money will not be accepted, and gold will inevitably be used as currency again."

"As long as Wu Zhi's national policy banknotes are invalidated, it will be a failure. If it is done well, it will be his merit. Once it fails, it will be his misdeeds. Then we can impeach him for affecting the economy of the Song Dynasty. The banknotes were wrong from the beginning. !"

"In this way, Wu Zhi's prestige will be greatly affected. We are talking, even if we can't get Wu Zhi down, we can make him fall again. If he wants to come up with new laws in the future, we have reasons to refute .”

"If things go on like this, Wu Zhi will naturally fail, isn't it being manipulated by us?"

Ok?
When everyone heard this, they immediately looked at each other.It seems that what Zhou Ji said makes some sense.

Once gold becomes valuable, the price of banknotes will drop, and there will be a problem with the exchange ratio between gold and banknotes. If the purchasing power of gold is not as good as that of gold, the value of banknotes will collapse.

When the value of the banknotes in everyone's hands falls, the people all over the world will stand up and scold Wu Zhi.

To put it bluntly, they just messed up, disrupted the paper currency market, abolished Wu Zhi's paper currency national policy, and made the money in the hands of ordinary people worthless.arouse public outrage.

And the golden fault of the small island is a good excuse to stir up trouble.

Mr. Wang: "Could this be what Cai Xiang meant?"

Zhou Ji smiled and said, "You don't care whose idea it is, anyway, Wu Zhi will definitely make a fool of himself this time!"

"Then I'll leave everything to Mr. Zhou! That Wu Zhi came up with some new law, and made it hard for an official to live. We must not let him have a good time!"

"He's going to fight now, and we're just going to show off!"

The people present looked at each other and thought they could try it.

Even if it doesn't work, it doesn't bother them.Once Wu Zhi succeeds, what he will do in the future will not be so smooth, and he will even be kicked out of the court.

Without Wu Zhi, their interests, property, and private ways to make money can continue to make a fortune.

Wu Zhi was in the court, they were afraid of their hands and feet, and they didn't dare to mess around at all...

Under Zhou Ji's operation, it will be very fast.

A news began to spread in Bianjing City.

The news spread widely, and it spread to the surrounding cities within a few days, and finally let the people of Song Dynasty know about it.

People in the streets and alleys are talking about this matter.

"Have you heard about it? It is said that the small island was at war with the Song Dynasty, and the source of gold was cut off. Our gold in the Song Dynasty is scarce. Now the value of gold has increased, and it is very expensive!"

Someone spread the word.

The people nearby heard this: "I have also heard about this. The price of gold will rise, and the paper money will be worthless immediately."

"Paper money is worthless. Wouldn't the paper money in the hands of our common people become waste paper? All my belongings are exchanged for paper money. If it is worthless, what should I do!"

Many people didn't take it seriously at first, thinking that this is nothing, and there will be no major problems.

However, with the discussion all day long, people panicked, and rich merchants couldn't help buying a large number of gold utensils.

They can't be sure how things will turn out in the end. If it is true that paper money is worthless as rumored, buying some gold can at least keep some wealth.

Rich businessmen have plenty of money anyway, and sell three-tenths or [-]% of their assets. Anyway, buying gold is not a loss, and if the paper money depreciates, they will not go bankrupt.

Some are bolder, thinking that since banknotes are risky, they should all be converted into gold. Gold is valuable at any time, and only a small amount is reserved for daily expenses.

After Zhou Ji and others stirred up, many wealthy people in Bianjing City bought gold utensils.

The people panicked when they saw it.

They began to exchange paper money for gold.

Crowds gather everywhere on the street.

"I heard that banknotes are worthless, so hurry up and exchange them for gold, otherwise you will lose everything!"

Some people are yelling in the streets, and the common people are easily influenced by others, and now more and more people are joining in.

The man went back and told his wife, and the wife was telling relatives, friends, natal family, and neighbors in the neighborhood. Even some maids and servants heard about it and wanted to exchange gold.

Because the banknotes of the Song Dynasty didn't last long, many people couldn't sit still after hearing some news.

In other words, the foundation of the banknotes is still unstable, and Wu Zhi is not in Bianjing, so this chaos is completely panicking.

"What are you still doing in a daze? Hurry up and exchange it, it will be too late!"

There are many people who fan the flames.

"Yes, yes, go and exchange it quickly, let your family members exchange paper money into gold, so many people exchange, follow the big guys!"

Many people followed suit.

As a result, the major banks and banks in Bianjing City became busy again.

People lined up to exchange paper money for gold.

"Hurry up and change it for me, I want gold!"

"All my 3 yuan will be converted into gold!"

Now Dasong Bank’s exchange channel for gold and banknotes is still open, and many people can exchange them.

There are many people in line.

Now the people in the bank are busy.

Banknotes were piled up everywhere on the counter, and the bank staff exchanged the gold in a dazed expression. They didn't quite understand why this happened suddenly.

Even some beggars outside the door clasped dozens of dollars in their hands and clamored to exchange them for gold.

Soon, this matter also spread to the palace.

Faced with the sudden outbreak, Song Huizong was a little stunned.

what's the problem?

It was fine before, why do the common people have to exchange for gold?

On this day, Song Huizong talked about this in the early court.

Cai Jing was asked to report on the roll call.

"Cai Aiqing, what's going on? It's rumored outside that paper money is worthless and you want to exchange it for gold. Don't you have any news?"

Cai Jing lowered his head, actually he knew it well, he said: "Your Majesty, I have been ill recently, I don't know much about the outside world, and I just learned about it!"

Song Huizong didn't want to convert the gold in the treasury into banknotes.

The gold should be kept in the treasury, and the banknotes can be circulated outside, so it would be nice to live in peace.

As a result, the people wanted to exchange for gold, which meant that the gold in the Song Dynasty treasury had to be exchanged for banknotes.

The banknotes on the market are worthless, and you can’t buy anything. The treasury of the Great Song Dynasty is full of banknotes. Doesn’t this mean that the treasury of the Great Song Dynasty has become a pile of waste?

Isn't the treasury all empty?
That's pretty cool!

Cai Jing immediately said: "Your Majesty, let them exchange the banknotes on the market, but you don't need to exchange the gold in the treasury!"

Song Huizong nodded, and he agreed.

At this time Zhou Ji stood up, a middle-aged man in an official uniform, he was a little proud in his heart, but on the surface he was solemn and awe-inspiring, then he straightened his throat and spoke loudly:
"Your Majesty, gold has been the safest anchor and currency since ancient times. Now that there is a problem with paper currency, I feel that if the currency can be exchanged for gold, this turmoil will definitely be resolved!"

(End of this chapter)