Back to the end of Ming Dynasty to be a warlord

Chapter 442

A series of combined punches pushed the banknotes to the market as quickly as possible, forcing the common people to hold the banknotes.

But those banks that opposed Yang Chao were dumbfounded. Their plan to suppress silver fell through completely, and the price of silver returned to the original price of about [-] copper coins, and the price continued to fall.

In order to suppress silver, these banks sold platinum desperately and bought copper coins at the beginning. Now they have a lot of copper coins in their hands, but the silver is almost emptied. At this time, Yang Chao suddenly announced that copper coins cannot pay taxes in the future and cannot buy salt. , You can no longer buy food from the government.

They finally saw the situation clearly. If it was the Huaiyang salt merchants alone, they could still fight. Although the Huaiyang salt merchants were rich, they believed that they would never lose to the salt merchants. merchants, but if the government is added to the balance, it will be tilted towards the salt merchants.

One tael of silver can already be exchanged for [-] copper coins, but the price continues to rise. Finally, when one tael of silver can be exchanged for [-] copper coins, the bankers can’t sit still, and they finally stopped accepting copper coins. At the same time, it is exchanged for silver from the market. Everyone knows that silver is more valuable than copper.

As a result, the bank's action directly bankrupted the credit of the copper coins, and jumped directly from [-] to [-] for one tael, and then jumped to [-], which can be described as a diving price.

In the end, three thousand copper coins were exchanged for one tael of silver, but the bank found that no one exchanged them with them, and the market they controlled collapsed.

But Yang Chao continued to crack down on copper coins, publicizing through newspapers that the government has enough silver to support silver notes, so that the common people can safely use silver notes. The government does not recognize copper coins, and will gradually clear them out of the market in the future. After a year, everyone will stop using them. Copper coins, otherwise the law will be dealt with.

Even though it was just a threat, it didn't say what to do, and it didn't have any basis, but the common people are like this, they are easy to believe, and easy to follow blindly. In addition, during this period of time, the price of copper coins has plummeted, and no one dared to ask for copper coins. Buyers and sellers only accept banknotes and silver when doing business, and clerks only dare to ask for banknotes and silver for wages. Copper coins are not discarded.

Only the bank holding more than 800 million copper coins was unlucky. The common people came to them to ask for copper coins to exchange for silver or silver notes, but they could not exchange silver in their hands.

Who has silver in hand?The salt merchant's bank has silver in hand, so the common people went to the salt merchant to exchange the silver, but how dare the salt merchant accept it at this time, telling the people that the copper coins are useless, so that they can find a way to exchange for the silver, and quickly find a way to exchange it. They dare not accept it. They will only accept cash and bank notes in the future.

The common people were a little dumbfounded suddenly, how could it be so good, suddenly the copper coins are not money, what is the reason for this?

This is the power of the financial system!

People's money is not easy to use, and the market will be chaotic immediately, and incidents of theft and robbery will occur frequently.

But the losses of those banks were worse than that of ordinary people, and the owners of the banks committed suicide.

At this time, Yang Chao knew that it was time to stop. Almost at the same time, the owners of banks in big cities such as Nanjing, Suzhou, Huai'an, and Yangzhou all received invitations from the government.

Especially the bank industry in Nanjing, Yang Chao personally summoned them.

Looking at the downcast shopkeepers and owners of the bank, Yang Chao knew he had won.

Can you not win? Playing with money is all about credit. Whose credit is hardest, the credit of power is the hardest!
Yang Chao controls the army and the political power in Nanzhili. In the area of ​​Nanzhili, his credibility is the strongest.

Nanzhili Metropolitan Governor's Mansion This is a powerful government with extremely concentrated power. In the financial crisis of later generations, even the old Americans have to rely on the Great Heavenly Dynasty to come to rescue. It is not because the Great Heavenly Dynasty regime is strong enough. To say they are too stupid and naive.

But there is no need for Yang Chao to kill them all, and it is impossible to kill them all, because although these people have a lot of copper coins, the common people actually have more copper coins, and the people who lose the most are the common people, so letting the copper coins be directly invalidated will indeed kill these banks There are a large number of people, but there are more than tens of thousands of ordinary people who have gone bankrupt.

So Yang Chao still can't let these banks fall down. In the end, he still needs to collect the copper coins and destroy them, or make them into other things. Anyway, the copper coins can't be made useless in an instant, and the property of the people can be evaporated in an instant.

Therefore, it is imperative to let go of these instigators, Qianzhuang. This is why the banking industry in later generations is so abominable. They created the financial crisis, but the governments of various countries have to rescue them. The relief is actually the entire national economy, because these guys use Monetary power hijacks entire nations.

These banks kidnapped the whole of Nanzhili with copper coins.

But it can't make these guys feel better.

"My lord is planning to abolish copper coins in the future, shopkeepers, masters. I know that everyone has suffered heavy losses, and I don't want to kill them all, so I still have to collect the money in your hands. According to the market price, now One tael of silver is already five thousand copper coins. I believe that each of you has lost everything. I heard that there are still borrowers. How about this, one tael of silver is three thousand coins, and you will hand over your copper coins within three days , I will send people to seal up your shops one by one, and check them one by one! After three days, I will not accept a single copper, you can think clearly."

At this time, these guys don't have the courage to oppose it. Financial wars are like this, especially this kind of gambling. If you lose, you will lose all, and if you win, you will win all.

In fact, Yang Chao has more ruthless tricks, but is he caring for the common people? Well, first send people to seal up the shops of these people, and then collect the copper coins from the common people. , These guys really lost everything.

It's a pity that Yang Chao didn't really want to beat these financiers to death. After all, they were all financial talents from the Ming Dynasty. The world has entered the age of great navigation. The Dutch wielded their financial weapons to dominate the world, but the Ming Dynasty killed all their own financiers. Financial talents, don't they cut off their meridians.

In three days, at a cost of 600 million taels, all 8000 million copper coins from the entire Nanzhili bank industry were collected.

In order to suppress the price of silver, these banks bought copper coins at high prices, but now they sell them at low prices. If the family is big and the business is big, it will not go bankrupt, and it will be able to stand up after regrouping.

Then Yang Chao began to collect from the common people. He used various methods to post notices, publicize in newspapers, and let all salt merchants, pawnshops, banks and salt shops publicize, telling them that the copper coins will only be accepted for ten days, and the copper coins will be invalid after ten days.

The ordinary people who had suffered a great loss dared to be disobedient and handed over all the copper coins, and Yang Chao bought the money in their hands at a slightly higher price.

Of course, the ups and downs of copper coins this time must have caused a lot of losses to the common people, but in the shortest time, silver tickets were spread throughout Nanzhili.

The price was also quite high. The copper coins purchased from the bank were only 8000 million copper coins, but the copper coins in the hands of the common people were ten times that of the bank's copper coins, which was nearly 20 billion copper coins. They were all collected. If Yang Chao wanted to void Copper coins, which are equivalent to a pile of scrap copper, can be purchased for 2000 million taels of silver.

The total amount of silver seized by Yang Chao from Yangzhou and Zuo Liangyu was only 2000 million taels, and all of it was thrown into it at once, and there was no silver in his hand for a while.

But this is the price of financial reform. Fortunately, Nanzhili is rich and prosperous, so that Yang Chao's military expenses will not be owed. The 2000 million taels of silver have always been used as the bank's capital guarantee and have not been embezzled. Otherwise, this time I really have no confidence to operate such a thing. a financial war.

Fortunately, the copper coins were completely abolished without any risk, and slowly the bank funds began to withdraw, and some people began to save money. The first batch were naturally salt merchants, and they began to exchange their silver into bank notes. Then they went to Haizhou to take it out and started to build saltworks, and they deposited more money than they took out, so the bank's treasury slowly returned real money.

There is another unexpected result, that is, the money in the hands of the common people, like a trickle of streams, was first exchanged into small bank notes through the bank, and then the bank returned the money to Yang Chao's bank in exchange for bank notes .

In the final analysis, the money in the hands of the common people began to flow back, but for the time being, it was not because the common people trusted the silver bills, but because they wanted to buy salt and rice, so they needed to keep some bills for daily expenses in their hands.

But even the money represented by the banknotes used for circulation should not be underestimated. Yang Chao has recovered more than 300 million taels of silver. With this money as capital, the exchange business will continue, and the funds will come back slowly. up.

This bank is also becoming more and more like a modern bank.

So Yang Chao decided to name the bank, Jiangnan Bank, named after Jiangnan, the richest place in Ming Dynasty, and its reputation is absolutely guaranteed.

What Yang Chao didn't expect was that the development of the bank was beyond his expectation, that is, through this cooperation with the salt merchant's bank, after jointly strangling the wealthy and honorable banks, the salt merchant saw a business opportunity.

Because Yang Chao gave them a discount of two cents for exchange rate discount, so after they received a discount of three cents from the common people, they could earn one cent of extra interest through Yang Chao. The interest discount exchange business is very frequent, but it has become a new source of income for them.

The huge bank industry has become a financial industry second to Jiangnan Bank, forming a special ecological relationship with Jiangnan Bank at the top, just like the relationship between ordinary commercial banks and the central bank.

As for those banks that opposed Yang Chao, because of the heavy losses in this financial war, after losing the right to mint coins, they did not receive discounts like the salt merchants' banks, and their operations became more and more bleak. Shut up and quit the industry.

(End of this chapter)