Back to Ming Dynasty with Industrial Revolution System

Chapter 1729 Paper Money Conquers the World
In the Ministry of Industry, Chu Yun proposed a plan to renovate the capital, build the Crystal Palace, and the North-South Railway, and then adjusted the personnel of the military department. After that, the Household Department couldn’t be idle, because Chu Yun took the initiative to find the Household Department A group of important officials in charge of the economy, such as the minister, the minister of the household department, members of various committees, and the president of Kyushu Bank.

Industrial construction can't bypass the money bag. After the industrialization construction started, funds began to be tight.

This group of important officials saw that Chu Yun just came back and put the Ministry of Industry into a frenzy of overtime, knowing that they would not escape.

The members of the Ministry of Industry are already busy like ants on a hot pot. They are surveying and planning demolition and expanding streets throughout the city. A driveway is a road 3.5 meters wide.

Coupled with the need for special sidewalks and green belts, the total width is astonishing, which is simply unimaginable in this era.

The huge project made the people in the Ministry of Industry very busy, and then it was the turn of the Ministry of Housing.

Everyone was mentally prepared, they looked at Chu Yun, and they had already foreseen something.

"We can try to issue banknotes." Chu Yun looked around at the crowd. Da Yuer, a member of the Monetary Policy and Fiscal Policy Committee, was also among the household members. "Bank of Kyushu is in charge of currency issuance, and banknotes are directly linked to gold."

In the eyes of everyone, Chu Yun really said exactly what they imagined, and directly said that he wanted to carry out financial reforms.

"After the silver dollars we issued were put into the market, they were widely sought after because of their fineness and beautiful appearance. Trade with overseas countries was also settled through silver dollars. It can be said that silver dollars are in the ascendant. We should not be in a hurry to issue banknotes."

"The issuance of banknotes will give the government an opportunity to issue banknotes indiscriminately when finances are tight, and a large amount of banknotes flooding into the market will lead to serious inflation."

After more than ten years of honing, the top executives of Bank of Kyushu already have sufficient practical experience and theoretical knowledge. They are worried that the timing of issuing banknotes is not yet ripe.

Paper money is essentially just a blank piece of paper.

"When the first banknotes were issued, gold and silver were recovered according to a strict one-to-one ratio. Later, the new issuance of banknotes was adjusted according to the reserves of gold and silver and the total amount of commodities in society, so as to better promote the development of commodities. Circulation."

"Most importantly, we will, in four years' time, at the World's Fair, require other countries to use our banknotes when they trade with us."

Chu Yun put forward a forward-looking and somewhat catastrophic idea—to make silver dollar banknotes the only currency in international trade, and use currency to control the world!

The industrial era is not only the progress of industrial technology, but also the progress of economy and management concepts.

Occupying territory and establishing colonies is not the only way to conquer the world. There is another way to conquer the world based on force and mind.

Let silver dollar banknotes become the only valuation unit for international trade and a standard for quantifying the value of all commodities. The currency exchange rates of other countries are linked to silver dollar banknotes to obtain pricing power for world goods, such as oil, metal minerals, and gold. Silver dollar banknotes Bidding, trading.

Kidnapping the whole world on the ship of silver dollar banknotes and issuing national debts indiscriminately in the future can allow the whole world to share the pressure of inflation, and can also influence the world through monetary policy, and even manipulate the economies of other countries to launch economic wars.

This is Chu Yun's purpose.

He has heard and heard in the previous world, and knows how important it is to make national currency, especially banknotes that are only symbols of value, become the world's common currency.

Some things don't need to be resolved by force, and sometimes sugar-coated bullets are enough to send a small country itself into turmoil and economic collapse.

This is Chu Yun's next new plan, not only to maintain a strong army and navy, but also to establish a global order from politics to economy, and a financial system dominated by the East.

"Countries all over the world either use our currency, or their currency exchange rate is linked to our banknotes. If any country dares to object, we will teach them with our fists until they use our banknotes." Chu Yun Said one of his purposes for holding the World Expo.

The World Expo is not as simple as letting princes and nobles and ambassadors from various countries come to visit and travel, but also to show force to them and force them to join the world order dominated by the East!
World order includes the formulation of international law, the establishment of the World Monetary Organization, customs agreements, and military order.

"Hiss..." The officials of the household department gasped, and after a little thought, they understood the connection, and were deeply shocked by Chu Yun's ambitions in the economic field.

At present, the common currency used by various countries is gold and silver, and there are only differences in weight, shape, and fineness, so they can be traded.

However, it is not so difficult to promote banknotes all over the world to replace gold and silver as international currencies.

The country can also adopt compulsory methods to promote banknotes with national credit as a guarantee. For example, it is not difficult to ask for banknotes to be handed in when paying taxes.

It is more difficult for merchants in other countries to use banknotes for transactions. How can others believe that your banknotes will become a piece of waste paper in the future?
"Are you confident in completing the task of issuing banknotes? With the current productivity, everything is based on efficiency. Issuing gold-linked banknotes can make transactions more convenient without excessively issuing banknotes." Chu Yun asked road.

"There should be no problem..." The officials of the Ministry of Household Affairs looked at each other, still believing that the issuance of banknotes could be completed.

Chu Yun can find "professional" people and machines for banknote printing and anti-counterfeiting technology, and there are no technical problems. It depends on the level of the issuer.

"The Monetary Policy Committee needs to come up with a set of plans and corresponding policies to control and monitor the circulation of banknotes." Chu Yun looked at the Monetary Policy Committee again.

When money starts to change to printed paper money, the monetary policy that can be manipulated is much more complicated.

"In addition to the currency reform, as the government and the private sector have established a large number of enterprises and factories, in order to help these enterprises and factories with financing, we will take the lead in establishing a stock exchange in the capital. As far as I know, Amsterdam in the Netherlands already has a stock exchange. A stock exchange, our economy is more prosperous than theirs, and more and more companies have emerged in the past ten years, so there should be a stock exchange, which can not only serve our local area, but also become an international one in the future Securities Exchange Center." Chu Yun proposed a second big plan.

(End of this chapter)