"Why do they do this? Isn't this obviously a loss?" Zheng Zhiyu looked at Qian Qian in confusion and asked.

"At first, Xiaguan asked me that relative." Qian Qian smiled and said, "Later he explained to Xiaguan, and Xiaguan then realized that there are two major banks in Ming Dynasty, one is Changlong and the other is Taiping. In addition to these two giants, some small banks have emerged one after another in the past two years. To put it bluntly, it is our money house. There is an extremely fierce competitive relationship between them."

"Taiping Bank is an official bank in the Ming Dynasty. Is it still afraid of competing with these private money banks?" Zheng Zhiyu said disdainfully.

"Mingguo is not the same as our Daqi." Qian Qian smiled awkwardly, "In Mingguo, private banks have more flexible operating methods, higher interest rates for deposits, and more active conditions for lending. So when they really compete, Taiping is really not a rival, so they can only use the advantages of mastering the formulation of policies to suppress them in the general direction. However, Changlong Bank also has a great background, such as Su Kairong, the former Minister of the Ministry of Revenue of Mingguo, who is now an advisor to Changlong Bank. His son Su Can is also the helm of the Ming Dynasty Taiping Bank. The relationship between them is extremely complicated, and it is a relationship that is both competitive and cooperative. So even if Taiping Bank wants to suppress Changlong, it is still unable to do so."

"Or don't want to." Zheng Zhiyu smiled and said, "I don't know how much benefit the Su family and son have benefited from it?"

"This is of course." Qian Qian smiled and said, "In order to attract more money to flow from their banks and increase deposits, these banks have taken such measures by any means. You know, the merchants who are active in Daqi there are all big guys. If you want to join a family, that is a great deal."

"Then how do they make money? This difference is not fun." Zheng Zhiyu pondered.

"They can borrow more money with more deposits. The average loan interest rate in Ming Dynasty is 20%. If it is a higher risk, like Hai Trade, the interest rate is higher, and the maximum annual interest rate is as high as 40%. They lose money here and make money there, and it is a big profit." Qian Qian smiled and said, "How can businessmen be willing to trade at a loss?"

Zheng Zhiyu nodded repeatedly: "What do you mean?"

"Sir, since the Ming people have opened this hole, we will not use it, that's simply unreasonable!" Qian Qian smiled and said, "The Xiaguan wants to increase the amount of minted coins, and then use the money to exchange it in the Ming bank, and then use the exchanged Ming banknotes to purchase goods and transport them to the country for sale. This way, you can make money inside and outside!"

Zheng Zhiyu twitched his beard and said nothing. The point in Qian Qian's words is of course the previous paragraph.

"Course production can keep up now?"

"Can't keep up." Qian Qian shook his head: "Even the normal speed of minting money can't keep up."

"Then aren't you talking about this for nothing?" Zheng Zhiyu rolled his eyes and looked at Qian Qian with dissatisfaction.

"Sir!" Qian Qian said meaningfully: "Since we took it out to make money, what does it matter if the quality of the money is good or not? Now our Daqian is made of copper seven and lead four, so it will turn it into copper six and lead five, or even half, and there will be no difference in the short term. We can even use copper clips to cast it."

Zheng Zhiyu was shocked: "This is not a trivial matter. Once it is spread, it will cause a loss of head."

"Sir, as long as you earn countless money for the emperor and fill the imperial warehousings, will the emperor care about how you earn back your money?" Qian Qian smiled.

"I have to think about this matter carefully."

Qian Qian knew Zheng Zhiyu's character well. Since he said he had to think carefully, he was already 80% sure about this matter. He stood up and said goodbye with a smile. However, after he left, there was an envelope on the chair he was sitting. The butler who came up to pack the teacup and walked by, and the envelope disappeared. It was obvious that he was used to doing such things.

Crossing the capital, the Ming Dynasty Palace. Su Can was sitting opposite Qin Feng. While Qin Feng was slowly savoring tea, he listened to Su Can on the opposite side who was teaching him a brand new lesson about economic invasion.

"Your Majesty, people's hearts are originally seeking profit, or desire. It's just that different people pursue different pursuits. People in the world say that merchants seek profit, but in fact, other people pursue their own desires all their lives? Some people pursue wealth, some people pursue rights, and some people pursue fame. Even those who claim to be noble and secluded in the mountains, isn't the comfort they have pursued another desire?"

"It makes sense, but what does this have to do with your new policy of economic aggression?" Qin Feng asked with a smile.

Su Can smiled awkwardly: "Your Majesty, I'm off topic, I'm completely inspired by feelings."

"Focus on the new policy you are implementing. Last time you briefly told me, I was confused and didn't understand it. Today I happened to have time, so you can explain it to me." Qin Feng said.

"Yes, Your Majesty, this matter is actually quite simple!" Su Can said.

"Whether it will be difficult, the difficulty will not be difficult. These things are quite simple for you, but to me, I don't understand at all. You don't think I am the omnipotent and omnipotent son of God, do you?"

"Of course your Majesty is the chosen son of God." Su Can said righteously.

"Stop flattering, tell the point." Qin Feng pretended to scold.

"Yes, Your Majesty." Su Can smiled and said, "What we are doing now is to first deal a fatal blow to the credit of Qi people's coins within a certain period of time. As we see now, because of the difference between the exchange between Qi's money and Ming's paper banknotes, those smart people will collect Qi's money in large quantities and go to various banks in our Ming Dynasty to exchange our banknotes."

"But we suffer a loss. Just exchange it and we will pay 10% of the interest." Qin Feng said: "What do you think, we are all losing money?"

"Your Majesty, the banknotes they exchanged cannot be circulated in Qi State. The only place that can be used is to buy large quantities of our Ming products. Only when the goods are sold back can they be cashed in. From the bank's books, we are indeed at a loss, but if we put them in the entire Ming Dynasty, aren't we making a profit?" Su Can said with a smile: "These Qi State merchants have more Ming Dynasty banknotes and want to buy more goods, but the goods manufactured by our Ming Dynasty are not endless. This will lead to a result. The competition of Qi State merchants will lead to an increase in the prices of Ming Dynasty goods, so we still make a profit in the entire Ming Dynasty."

"It makes sense to say so." Qin Feng nodded.

"Actually, the point is not here." Su Can smiled and said, "The people of Qi will see that this is a road to get quick money, so they will try their best to collect the money made by Qi State, which will lead to a serious consequence, that is, the money shortage of Qi State."

"Money shortage?"

"Yes, Your Majesty, a large amount of money is poured into our banks. Qi will naturally lack money, and the price of money will rise, and the price of goods born to the people of Qi will plummet. In the past, a copper coin could buy a sesame cake. After the money shortage, or a copper coin could buy two or even three sesame cakes."

"The people's income will decrease!" Qin Feng pondered.

"That is true that the output of the people of Qi will plummet, and the selling price will not be its own value, but the taxes of Qi will not decrease due to the rise in the price of copper coins. It was how many it used to be, but now it will only be so much. In other words, Qi is increasing taxes on its own people in disguise." Su Can smiled in a dark smile. "After a long time, it will cause a large number of self-cultivated farmers in Qi to be unable to afford it, and even go bankrupt, and Cao Yun's wishful thinking will suffer major setbacks."

"It's indeed a bad idea." Qin Feng was immediately excited.

"This is just the first step, Your Majesty." Su Can said: "During this period, we will gather a large amount of Qi's money. In order to solve the money shortage, Qi will try hard to cast copper coins. If the copper cannot keep up, they will reduce the quality of the money and add lead and iron to it. Hahaha, at a certain time, we will release the copper coins we collected in large quantities. This only requires a small financial means to achieve the goal. A large amount of copper coins pouring into Qi will immediately cause another result, that is, the

The goods surged and the prices soared, causing another major blow to the people of Qi. The people of Qi would suddenly find that they could buy two to three sesame cakes with one penny of copper coins, but now they would need several sesame cakes. At this time, the Qi court would find that although there was a lot of money in their treasury, they could buy much less materials than before. Naturally, they would not agree. What should they do at this time? Of course, they could only increase taxes and transfer these losses to the people."

"Come and going, it's all the people who are trying to do it."

"The people of a country are the foundation of a country. When seven or eight out of ten people of a country are on the verge of bankruptcy, how much combat effectiveness can this country have?" Su Can smiled. "And this is just a main line of the economic war between Qi State, and there will be many branches, which will be operated by merchants. This part is the responsibility of Wang Yueyao."

"Our goal is to destroy the credit of Qi's currency and remember that their monetary system collapsed. In this way, our Ming Dynasty currency will become the target of the Qi people's scramble. Because the Ming Dynasty currency is value-preserving, and more things will be bought. The people of Qi will not say anything. Those merchants and officials will try to exchange their money in their hands, even gold and silver, for our Ming Dynasty banknotes, to ensure that their value will not be lost. Your Majesty, the final result will be similar to when we dealt with Chu."

Qin Feng nodded with satisfaction. Economic wars, financial invasion, and steam engines will be put into actual use immediately. The Ming Dynasty will usher in an era of extremely abundant materials. These excess materials must be found to be dumped, otherwise, if they are clustered in China, it will have a great impact on the domestic economy. Dumping, primary industrial civilization will cause a major blow to the traditional agricultural civilization.
Chapter completed!