"If a major country takes the lead and several surrounding countries are willing to respond, and the leading country is willing to give up control of the currency and let multiple countries co-manage it - at least in name, then it is possible to issue it."
The emperor's eyes lit up. This was basically consistent with what Qiao Yelan had said in the document he had given him before - in other words, it wasn't just one person who understood this matter.
That would be much easier to handle.
"How many countries in Terra today can take the lead?"
Is this exciting?
Chen Fan blinked.
"Your Majesty, in today's Terra, naturally only I, Dayan, have the qualifications."
"Oh? Why can't you see that?"
"There are three basic conditions for leading the issuance of such a universal currency: first, the country must have sufficient military strength to intimidate its neighbors, second, it must have sufficient resources, and third, the country's economy must be running smoothly enough."
Chen Fan talked freely.
"Looking at the world, Ursus' decades of militarism have brought its domestic economy to the brink of collapse; the politics of Leitnia and Victoria are both fragmented, and it is impossible to unite enough power; Casimir and Iberia are both cut off from national destiny, and have not yet shown any signs of recovery; and Colombia and Bolivar have only been established for a few decades, and their internal affairs have not yet been explored, let alone cross-border expansion."
"At this time, only Great Yan has such national strength to accomplish such a groundbreaking feat."
When he said this, Chen Fan himself was shocked.
You wouldn't know until you take a quick look. Why does it seem that the whole of Terra is in such a mess, and only Dayan has been doing well all the time - it is true that only Dayan is qualified and capable of doing this.
What about pyroxene?
"A heroic act... Minister Chen also thinks that this matter has great potential?"
"There must be great potential! At this time, the political situation in countries around the world is changing, and they are eager for cross-border trade. If my Great Yan can stand up and promote a paper currency recognized by all countries, it means that my Great Yan holds the pricing power of all things in the world - this is the foundation of eternity!"
Seeing that the emperor seemed a little hesitant, Chen Fan actually wanted to push the matter forward -
What a joke, other people may not know how much money one can make from this kind of thing, but doesn’t he, the Minister of Revenue, know it?
What about Wangji Company smuggling and getting rich by plundering during wars? It's all nonsense - what can be faster than printing money to make money?
Chapter 99: All Free
"Then according to Minister Chen, how should we proceed?"
The emperor still did not express his attitude clearly, but asked Chen Fan if he had any solution.
"This matter is of great importance and involves many things. Therefore, even though I am an old minister, I need to be fully prepared before I can give a detailed answer to Your Majesty. If Your Majesty does not mind, I would like to return to the palace first and prepare for a few days. I will definitely be able to give Your Majesty a satisfactory answer."
"Well, Minister Chen, how many days will it take to prepare?"
"Three days, three days is enough."
Chen Fan said confidently.
"Okay, I'll give you three days. After three days, I want to know your method."
"I accept the decree."
-------------------------------------------------- ------
On the 16th day of the first lunar month, Dayan held court. The meeting was still filled with meaningless talk. The emperor did not propose any bill regarding the new currency, nor did he summon Qiao Yelan again.
However, Qiao Yelan was not in a hurry. Some things could be implemented as long as people who knew the matter knew about them - now all he had to do was let it ferment.
Therefore, it was not until Eunuch Wang came to the royal villa with His Majesty's order that Qiao Yelan showed a serious expression for the first time in a long time.
This time is the real critical moment of the plan.
When he arrived at the imperial study, Qiao Yelan saw the person inside and already had a plan in mind.
Chen Fan and Cai Yan were sitting in front of the emperor, keeping to themselves.
"Your servant Qiao Yelan pays respect to Your Majesty."
"No need to be polite. Now that everyone is here, I called you all here just to ask you one thing - Lord Qiao, you should make your suggestion."
"The minister obeys the order."
Qiao Yelan quickly and briefly explained his plan.
What he wanted was to issue a new currency in Longmen, directly linked to the Dayan silver notes, and connect with neighboring countries and free city-states, so that this new currency could be used in international trade between each other, thereby unleashing the vitality of cross-border trade.
Cai Yan and Chen Fan both listened very carefully - one of them knew how powerful Qiao Yelan was, and the other knew how powerful the person who proposed this plan was, so neither of them dared to take it lightly at this time.
After saying this, the emperor deliberately gave them some time to think before asking again.
"Prime Minister Cai, what do you think of this proposal?"
"......Although I have made some achievements in economics, I am not as knowledgeable as Minister Chen. However, I also know how prosperous Great Yan was after the currency was changed to notes. In my humble opinion, I do not see any huge loopholes at first glance."
Cai Yan's answer was flawless.
The emperor cursed the old fox in his heart, turned around and looked at Chen Fan.
"What do you think, Minister Chen?"
"I think that although the plan proposed by the Minister of the Imperial Household is quite conservative, it is more step-by-step and less likely to be opposed by other countries, so it poses less of a threat."
Chen Fan’s words surprised Qiao Yelan.
What do you mean I'm more conservative?
Mr. Chen, considering our ages, shouldn’t you be a conservative?
"Indeed, since Minister Qiao has proposed this plan, why not also listen to Minister Chen's plan?"
"The minister obeys the order."
Qiao Yelan's expression remained unchanged, but he felt confused in his heart.
What is Mr. Chen up to?
When Chen Fan put forward his point of view, Qiao Yelan almost couldn't hold it in.
This ambitious Minister of the Ministry of Revenue actually wanted to promote the Great Yan Silver Notes to the world and require all countries in the world to use the Great Yan Silver Notes to settle trade between countries.
No, he drank several kilograms. The Minister of Revenue didn’t have money to buy peanuts, right?
Can Terra afford to play the game of monetary hegemony?
Does it have the carrying capacity?
Can you please be more pragmatic?
If you want to exercise monetary hegemony, you either have colonies all over the world and rely on colonial resources and colonial markets to get your economy going; or you have sons all over the world and transfer the risks to your sons by establishing garrison bases and signing unequal treaties.
This is the hidden truth of currency hegemony——
Whoever has more dogs makes the loudest noise.
Does Dayan have this ability?
The north has been fighting against evil demons for thousands of years, and Originium is a double-edged sword. There is also the time bomb of the Year Beast, and the sea in the south is bubbling out - so you still want to start another great expedition to the Western world?
Stop joking, buddy is here to help alleviate poverty, not to help you pursue your dreams.
Cai Yan still had no expression on his face, so Qiao Yelan had to step up at this time.
"Minister Chen, your plan seems to be missing a part - I don't think I heard it. What means are you going to use to convince other countries to accept the use of Great Yan silver bills for settlement?"
Why are you just drawing pie in the sky? Where is the wheat planted?
"This part should be the responsibility of the Honglu Temple and the Ministry of War. Diplomatic means and military pressure should be enough to achieve it."
Chen Fan seemed very confident.
"Your Majesty, I feel that Minister Chen's plan is a little too optimistic."
But the person who said this was not Qiao Yelan, but Cai Yan.
Cai Yan's expertise in economics is indeed slightly inferior to Chen Fan's, but he can definitely understand what Chen Fan and Qiao Yelan say, so the moment Qiao Yelan pointed out the problem, he understood it completely.
"To allow all trade between countries to be settled using Great Yan Silver Notes means that they must fully open up the exchange of their own currencies for Great Yan Silver Notes. In other words, Great Yan Silver Notes can be freely circulated in their countries just like their own currencies."
"This means that they will lose the independence of their currency. If their own currency is to be tied to the currency of another country, doesn't it mean that the value of their own currency is completely on the chopping board and can be exploited by others?"
Cai Yan said in a cold voice.
"From what I have seen, the only country that can do this is the East Country, and the relationship between the East Country and Da Yan is also clear to other countries - do you think they hope to become the next East Country?"
“——So I have also said that this is a matter for the Honglu Temple [and] the Ministry of War. If other countries are unwilling, then of course the Ministry of War will use force to intimidate them.”
Chen Fan did not show any weakness. Instead, he held his head high and confronted Cai Yan head-on.
"Barbarians fear power but not virtue. Isn't the East Country willing to do this because it was defeated by Ursus and saved by Da Yan?"
"Then Minister Chen, please tell me. You clearly said at the previous court meeting that this year's budget had reached its limit and there was not a penny left. How come you still had the spare energy to call on the Ministry of War to go to war? Could it be that you were deceiving the emperor at the previous court meeting?"
Once Cai Yan's heart-piercing words came out, Chen Fan was completely shut off from what he could say.
You said that your Ministry of Revenue has no money, so the Ministry of Revenue is not qualified to make new expenditures. Now only the emperor can change the budget of Da Yan. If the emperor says he wants to go to war, then the Ministry of Revenue can make new changes to the budget. Who do you think you are, Chen Fan? How dare you clamor to support sending troops to fight?
Chen Fan knelt down with a clang.
"Your Majesty, please understand. I have never deceived you, and I have no intention of deceiving you! My plan is only for the sake of Da Yan - please make the decision, Your Majesty!"
The emperor was secretly feeling what a pity at this moment.
There is no doubt that compared to Qiao Yelan's "petty" plan, Chen Fan's theory of monetary hegemony is more favored by the emperor.
But the emperor knew very well that if he wanted to implement this plan, it would not be done by fighting one or two wars. He had to defeat the whole world like he did in Ursus back then, and force everyone to smile at him forever.
So that's not just a sum of money, it's a huge, even astronomical amount of money.
So therein lies the problem – no money.
I have to execute the plan to make money.
Please take the money and execute the plan.
But I have no money to carry out the plan.
Then you will have money if you execute the plan.
It's stuck and can't move.
"Minister Chen's plan does have many flaws. Da Yan is facing many problems right now, and many of them are imminent. Therefore, we really don't have the energy to carry out Minister Chen's plan."
He sighed, and finally rejected the plan reluctantly.
"Lord Qiao, although your plan is a bit too conservative, it does not require many conditions after all. Your Longmen Coin plan has more room for implementation. I hope you can come up with a more detailed plan, discuss it with Prime Minister Cai and Minister Chen, and finally submit a perfect plan to me."
"I accept the decree."
At this time, Qiao Yelan was watching his nose and his heart, pretending to be a wooden man, and responded to the emperor's words step by step.
Damn it, the longer one stays in the imperial court of Dayan, the more evil one becomes.
——The two old guys almost fooled him.
The emperor would definitely ask these two people separately in private about what he had said before. Qiao Yelan could have guessed this.
Chen Fan’s currency hegemony plan alone was definitely not something that could be worked out in class - so neither Chen Fan nor Cai Yan were at all as they appeared, one extremely radical and the other madly attacking.
On the contrary, they behaved this way only because the emperor wanted to see such a scene.
Today, the situation in the court has become completely clear. The emperor has dismantled the Cai Party's power in the court. Cai Yan has now been completely sidelined and turned into a ruthless overtime machine. Gao Cheng has been dismissed and the Ministry of Personnel has returned to his original position - but Chen Fan is still sitting firmly in the position of Minister of the Ministry of Revenue.
You know, Cai Yan and Chen Fan are now at the center of the storm - and are under the watchful eyes of His Majesty the Emperor.
As Chen Fan had just surrendered to His Majesty and was a former traitor of Tsai's party, he naturally had to prove his "loyalty" in front of His Majesty - and let those in the court know why the emperor still supported him to sit in this position, so as to suppress those who were interested in the position of Minister of Revenue.
Therefore, it is necessary to mention a few memorials that seem to be fine, but are definitely problematic, and play a good rivalry with Cai Yan.
Similarly, Prime Minister Cai, who has almost lost all his followers, also needs to pretend that there is a "deep grudge" between him and Chen Fan - otherwise he is worried that the emperor will think that he is enduring humiliation and is dissatisfied, and will directly stab him with a knife.
So Chen Fan must have said this and that, and he had to find fault with everything, so that he could temporarily appease the emperor's mind.
Two old guys, one deliberately exposed his flaws, the other deliberately wanted to cause trouble - and yet they hit it off right away.
So even if I didn't come, the ending of today's conversation would be pretty much the same.
And after being pushed over by Wang Zhi, the two of them understood the situation even more clearly - no wonder His Majesty suddenly had this idea, it turned out that this matter was pushed by Qiao Yelan.
Cai Yan and Chen Fan, as people who have both faced Qiao Yelan directly, of course know how unfathomable this Shaofu Supervisor is. In addition, it is now clear that the other party is a favorite of the Emperor, so he is a target that needs to be won over.
No, I have to take this opportunity to sell well.
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