Chapter 95 Currency (1)

Luo Shengdong didn't even pay attention to this possible dangerous situation. The place where the Haihan people lived was surrounded by mountains and mostly populated by Li and Miao people. Where could these prisoners escape even if they escaped?

When it comes to labor expenses, Luo Shengdong believes that the Haihan people, who always keep their word, will not break the rules just because of this small amount of money. After all, exchanging money for labor is something that both parties have already secretly discussed.

On behalf of the Haihan people, Luo Shengdong negotiated with the state government for a labor price of only one tael of silver per person per year. Even if all the prisoners assigned to Yazhou for hard labor were sent to the Haihan people, the price would only be two to three thousand a year.

Two silver dollars. This may be a very good offer for the state government that provides financial subsidies to Yazhou Prison every year, but Luo Shengdong knows very well how thoughtful the Haihan people are. Just the salt business will be in the future.

With an income of tens of thousands of taels of silver every year, compared with this small amount of labor costs, it is really just a drop in the bucket for the Haihan people.

As for where these prisoners will go for hard labor, the Executive Committee has made general arrangements. Although the land transportation between the two bases has been opened up, it is only at the level of opening up. The two hundred or so laborers

When it arrives, it can be used for further road smoothing projects, preparing for the next step of sending those heavier machine tools to inland areas. Of course, the children in this road construction team will also be directly included in the execution

In the education system under the committee, they will get rid of their status as prisoners and live on this land as naturalized citizens. The fate of other prisoners will depend on the expansion of the Transmigration Group in the future - until the Transmigration Group takes control

On the day they arrived in Yazhou City, they would probably be able to clear away the identity of the prisoner.

Luo Shengdong worked so hard to send people to Victory Port. In fact, it was no longer just to fulfill his original promise to the Executive Committee, but also to prove his ability to the Haihan people. The current Luo Shengdong is not the same as before.

The captured officer who knelt down before the Executive Committee and begged for a way out. He had made great contributions in fighting against pirates and was recognized and commended by the local garrison senior officials. He also helped the local government solve the two major problems of employment of the unemployed and re-employment of the unemployed. In the local

It also has a good reputation in the civil service system. Although Luo Shengdong is only a boss now and does not have much power at hand, his development momentum is excellent. How to gain both power and wealth is what Luo Shengdong wants.

Use Haihan people to achieve your personal goals.

The two thousand kilograms of salt that Luo Shengdong transported from Shengli Port a few days ago was sold to all the counties under Yazhou in just a few days. After taking into account the various expenses involved, Luo Shengdong finally pocketed enough money.

There were more than one hundred and fifty taels. Although he had repeatedly calculated the approximate level of income beforehand, Luo Shengdong was still very excited when he got the real money. The next day, he went to Yazhou Prison to urge the transfer of prisoners.

He hurriedly sent it to the Haihan people to Victory Port. After Luo Shengdong made up the credit for the last transaction, he expressed the hope to Schneider, who was responsible for handing over to him, that he could continue to wholesale salt from here, and said that he could pay in cash

Part of the settlement is settled, and there is no need to pay the full amount on credit like last time.

Schneider did not rush to make a deal with him, but handed him a small piece of paper: "We will talk about the deal later, you take a look at this first."

Luo Shengdong didn't know why, so he took it and took a look. He saw that the piece of paper was light green, about two inches wide and four inches long, with the words "Circulation Coupon" printed in block letters in the middle, and "Trading Coupon" printed on the left side.

"One Yuan", on the right is the appearance of the giant iron ship in the port, with the four small characters "Haihan Bank" on the top, and the words "One Liang of Silver" on the bottom. There are very complicated patterns on the paper.

Luo Shengdong thought that the printing was very exquisite, but if he dared to sell such a small picture for just one tael of silver, wouldn't it be too sinister?

The slander was a slander. Luo Shengdong knew that Haihan people were very purposeful in doing things and would never create something without practical significance. He responded respectfully: "I am stupid, I don't know what the use of this thing is."

Schneider smiled and said: "This is called a circulation note, which is used to replace copper coins, silver and gold."

Regarding the construction of the financial system of the time-traveling regime, it has been discussed and studied countless times in the Preparatory Committee long before the time-traveling. But no matter what kind of financial management system and financial settlement system is adopted, there is one thing that cannot be bypassed, that

It is the issuance of currency. Directly following the monetary system of the Ming Dynasty is definitely not feasible for the Preparatory Committee, which is bent on establishing a political power. Everyone in the Preparatory Committee believes that the only way to establish a currency is to issue currency that goes through the regime itself.

The financial system has practical significance.

At first, most people believed that coins made of silver, copper and cemented carbide should be issued directly. Such circulating currency would be more easily recognized by the public and more in line with the settlement needs of international trade in the 17th century. In addition, there are also problems in the coinage process itself.

Huge profits are generated, which is also an important reason why every new generation of dynasties will launch new currencies after they take office. The preparatory committee at that time also conducted a special survey for this purpose, prepared several sets of coin design plans, and even already

Several sets of prototypes for stamping coins were secretly made in the metal processing factory of Baikes.

But when financial expert Schneider joined, he quickly rejected the preparatory committee's previous plan. Schneider also held a special briefing session for this purpose and gave a popular science class on financial knowledge to the members of the group who were in Guangzhou at the time.

In Schneider's view, the Preparatory Committee's original currency issuance plan had several fatal problems. First, the Group's own precious metal reserves were too small. Even if it managed to create coins, its circulation would not be much larger.

Although some people think that other metal currencies can be continuously collected through trade to replenish precious metal reserves, Schneider pointed out that according to Gresham's law, when two currencies with different actual values ​​are simultaneously circulating in the market of a region and the legal ratio remains unchanged,

, currencies with high value will inevitably withdraw from the circulation basin due to melting, exporting or collection. In the end, what is left in the market will still be currencies with low value. This is the well-known phenomenon in the financial field that bad currency drives out good currency. Issued by Cross-Cross Group

No matter how much precious metal currency they have, it cannot stop the market they will face from misappropriating good currency. This will inevitably happen and the Cross Group cannot resist the situation.

The second reason is that the economic aggregate of the Crossing Group itself is too small. After issuing precious metal currency, the ability to deal with market risks is obviously insufficient. In future trade, a large number of precious metal currencies will be input and output very frequently, which will easily cause Crossing

Prices in the areas controlled by the group fluctuate and may even cause financial crises in some areas during special periods.

Third, Schneider believes that if the Cross Group wants to establish a modern financial system, it must rely on the issuance of debt currency. The so-called debt currency is compared with non-debt currency such as precious metals, such as gold and silver.

Precious metal currencies can be circulated across eras and national boundaries without relying on anyone's promise or government force, while debt currencies can be linked to precious metals, national bonds, etc. to issue excessive amounts of currency to artificially boost the economy.

Total amount, which is very useful for traveling through the early stages of the financial system.

But some people immediately questioned Schneider's statement - after all, you are suggesting the issuance of banknotes. The notorious Mingbao banknotes in history are a lesson learned, although the public can use modern financial management knowledge to avoid the occurrence of Mingbao banknotes.

He used his good reputation and absolute authority in the jurisdiction as a guarantee, but the people of the Ming Dynasty who had suffered a lot may not recognize the emergence of another new paper currency.

In response to this doubt, Schneider came up with his own currency solution - the value of paper currency is linked to the precious metal reserves of the cross-border group, and it is only circulated as currency in the internal settlement system, and this currency must be forced to replace precious metal currency.

Seeing that many people expressed confusion about this plan, Schneider gave a more detailed explanation. The Crossing Group can issue a voucher-like currency within its own jurisdiction, and the currency value, or actual purchasing power, of this currency

, directly linked to precious metals. For example, one yuan of currency has the same purchasing power as one tael of silver. So far, it seems to be no different from the Ming Dynasty banknotes, but the total amount of paper currency issued by Chuanchuan Group has been rigorously and scientifically analyzed.

Calculation, and at the same time, financial institutions can adjust the total amount of currency circulating in the market at any time to maintain the stability of the currency value.

The mandatory implementation of this currency system will ensure that almost all precious metal currencies in the jurisdiction are concentrated in the hands of the Crossing Group to cope with early market turmoil caused by currency shortage or excess during large-scale foreign trade.

If it were changed to other places, the forced implementation of this kind of paper currency that lacks credibility will probably only have one end-this thing will become a waste paper that no one wants in the market in a short period of time. But the Cross-Travel Group has a

The incomparable advantage is that a considerable proportion of employees in the jurisdiction in the early stages of time travel will have no monetary income at all. This is the conclusion reached by the Preparatory Committee after repeated deductions, and it is mandatory to implement it in this near-zero financial market.

For banknotes, the difficulty is much smaller - something is better than nothing. This is a normal idea that everyone will have.

The situation after time travel also confirmed the correctness of the original deduction. Most of the people who came to work on the territory of the Time Travel Group were just for a bite to eat, or to exchange their labor for various goods provided by the Time Travel Group. Only a few

People will ask for currency to settle their wages. After the establishment of the commune, the people who join the commune only have the accumulation of labor points, and there is no monetary reward at all. For these people, if they can receive more practical monetary rewards, regardless of this

Whether the currency is banknotes, copper coins, or silver coins, they all welcome them equally.
Chapter completed!