The Gu family has three sons, and the second son Gu Miao and Wang Rui are about the same age and have made great achievements in management. It is precisely because of his persistence that the Gu family will enter the exchange to buy stocks. Otherwise, with Gu Sizhi's idea, it would be impossible to touch stocks.

The person who spoke was Gu Miao's friend. Gu Sizhi was so angry that his temples were rushing and his teeth were gritted, but he did not attack in public and fell ill the day after he returned home. The second son came to visit him, but he was also turned away.

When the exchange is in full swing, the crisis is also emerging. As Gu Sizhi said, after the freshness has passed, everyone has begun to calm down and think about whether the stocks they invest in are worth the price. After a round of crazy rise, the stock market entered a bottleneck period. Although the price has not dropped, it has also stagnated. Judging from this situation, it will probably not take long before it will be a flash in the pan.

The fundamental reason for this situation is that compared with the invisible and intangible stock price, the main price of copper coins is still strong. Investors' willingness to store copper is more than investing money in liquid assets. There is only one way to solve this problem, which is to break people's inherent concept of copper.

The Datang Business Daily promptly announced the news that Huining was discovered in a huge silver mine and that Japan had discovered huge silver mines and had been put into mining. The disclosure of this news was detailed, not only introducing the reserves and future expected outputs, but also the current output was published.

As soon as the news came out, the world was in an uproar.

The court is robbing!

Nowadays, who doesn’t know that the court is poor? If Li Mu had not emerged, the treasury would still not be able to make a fuss. A Li Mu came out, which was a big stir and it was not enough to help the court make money all over the world. This made two more silver mountains dig out. Isn’t this robbery, what is it?

We work hard to make money, and it requires capital, investment, and management. You can dig directly from the soil, and it is such a big mine that you can't dig for life. This money flows into the market, can the prices still stabilize?

This is silver. Silver is more expensive than copper. If so much silver flows into the market, copper coins will inevitably depreciate significantly. At that time, wouldn’t the copper coins stored in the home for several generations be worthless?

The news about the silver mine spread like a wings. It caused a huge panic, and the gentry from all over the world was in panic all day long. Some people tried to take risks, but at this time the Tang Dynasty was not at the end of the Sui Dynasty. The imperial court was strong and powerful. Is it possible for you to take risks if you want to take risks?

Moreover, before the news was released, it had already spread within the Ministry of War. Next year, the Tang Dynasty will gradually implement the recruitment system. It is already a soldier of the government soldiers and enjoy priority treatment. After becoming a recruiter, you will get food and salary when you join the army. Under this premise, it is simply a delusion to think of shareholders and soldiers rebelling!

Rebellion is impossible, so I can only accept it.

Money is becoming less valuable. The best way to maintain value is to spend it, and when it is not too valuable, spend all the money and become something that preserves value.

What is the value preservation? The first one is land! However, the new policy of Zhenguan land reform is being implemented nationwide, and the private sale of land is completely inconsistent with the Tang Dynasty's law. It is already a dead end to hoard land to preserve its value preservation.

Second, if copper coins depreciate and silver depreciate, wouldn’t it be if copper coins turn into gold?

Everyone did this, and for a time, jewelry stores across the country were snatched up, with gold price one a day, and it eventually had a price but no market. Obviously, the reserves of gold are not enough to withstand this impact.

At this moment, the Luoyang Trading Center announced that, like the Yangzhou Exchange, it would accept the entry of private capital. The people who had no place to spend money in their hands immediately rushed up like flies that found smelly meat.

Since there is no place to spend money, I will open a business office? The court also accused and supported this. As long as it can accommodate labor, it is a business that is beneficial to the country, rice, flour, oil, coal, ore, etc., as long as it is a business, it is allowed to be listed after the audit. Countless private capital inflows, the Luoyang Trading Center actually created a feat of one million inflows within three days.

Yangzhou is not afraid to be a descendant. As the only exchange in Jiangnan, the capital reserves are not less than those in Luoyang. As Wang Rui said, the general trend is unstoppable. Finally, twenty days after the exchange was established, the single-day trading volume exceeded one million yuan.

This round of financing has created many wealthy wealthy people. At the same time, the birth of one transaction and one transaction has also created countless jobs and absorbed countless labor. Anyone with some skills has been snatched up. With the rise of prices, the wages of these workers have also doubled. In one month, their wages have now doubled. Now in Yangzhou City, an ordinary laborer costs 200 cents a day.

The rise in prices caused Li Shimin's concern. However, after a while of attention, he found that although prices rose, there was no riot on the market. The reason was that although prices rose, the people's income also rose. Even if some offsets occurred, overall, the money that the people could control had increased compared to before.

Moreover, with the increase of income, the situation of bartering has improved. In the past, people liked bartering, but some things were inconvenient to divide, making transactions difficult. Now it is different. If you work a day, you can get a hundred cents of money to account. Everything can be quantified and transactions are easier.

Li Shimin couldn't figure out the problem, so he called Li Mu and asked him to explain.

"Your Majesty, this principle is not difficult to understand. The reason for the price increase is very simple. There is only a lot of money on the market. But your Majesty thinks that the number of copper coins on the market has increased because of the news that I have released the silver mine? Even a mountain of gold and silver is limited. What's more, the money has not been refined yet and is still in the stone. The reason is that people in the world are worried that the court will benefit from it!"

"Worrying that the court will benefit?" Li Shimin said angrily: "How dare they do this? Can't I benefit only if they can benefit? What is the reason!"

"Your Majesty, this cannot be blamed on the world. All people have a simple truth in dealing with money. That is, if the money is obtained through hard work, it is justified. Even if someone is jealous, they will not say anything. But if it is dug out of a stone and a large sum of money like this, they will feel unbalanced. But what can they do? Rebellion cannot succeed, so they can only accept it passively."

"They knew that the copper coins were depreciating increasingly, and in order to offset the depreciation, they had to spend the money. The previous implementation of land reform in the imperial court had blocked the possibility of their hoarding land. Other investments were not enough to accommodate such a huge amount of funds in such a short period of time. Just at this time, I opened the Luoyang Trading Center to give the northern clans a channel for investment. Naturally, whether they wanted to accept it or not, they had to accept it."

"There is no shortage of money in the world. But all of this money is in the treasury of the aristocratic tribes. Everyone is hiding money, but the circulating money is rare. Now there is more money circulating on the market, so naturally the prices rise and the copper coins depreciate."

"But everything must return to the root of the matter. The fundamental thing is that the silver mine is still in the stone, and the silver we mine has not yet entered circulation. So, in essence, the element that depreciates copper coins does not exist. The current situation is because people have expectations of depreciation, so... all the money that should have been hidden in the treasury has been circulated, and people dare not hide money. The money on the market has increased countless times. In order to exchange money for firewood, rice, oil, salt, even cloth, and all living things, these things naturally rise."

"So when they came to their senses, they found that the copper coins did not depreciate as much as they expected, but the cash they had in their hands was actually less, and crazy investment would stop. Prices would also stop, everything would slowly return to the original track, and the copper coins would also appreciate again."

Li Shimin frowned and said, "Will the exchange close the door if you say so?"

Li Mu smiled and said, "Of course not. First of all, the exchange has spawned countless shops and involved countless industries. These industries will definitely make money when they develop. Since they have invested, can they withdraw at will? There are many involvements. In addition, I will not allow this to happen. When the copper coins on the market are about to appreciate, I will invest the reserved silver into the market. In this way, the copper coins will have the essence of depreciation, and the circulating money on the market will increase. The money invested in this way is the extra money that can be used by Your Majesty!"

Li Shimin frowned and thought for a while, and said, "You mean, using these money that is not on the market to invest in the market to buy things, wouldn't that mean that I'm making a fortune?"

"Uh," Li Mu looked embarrassed. In fact, this principle is no different from the fact that it is used to start a printing machine in later generations. Shamelessness is a bit shameless, but it is effective!

Li Mu grinned and said, "That's the matter, but you can't say that. Your Majesty is rich all over the world, how can you say it's a trap? I absolutely do not allow Your Majesty to say this to himself!"

"It's not me, it's you!" Li Shimin snorted and said, "You are so calculating!"

"Your Majesty is really wronged to say this. What are the ways for me? Your Majesty to rest and conquer Goguryeo again. Where does the money come from? I racked my brains to come up with this method of best of both worlds. How can Your Majesty say that I am good at calculating?" After saying that, Li Mu looked determined and said, "If you are loyal to Your Majesty, seek the country and the people, you are planning to make money. If you admit this crime, let the historian write it in the history books and let future generations despise the ministers!"

I am despised by future generations? I am afraid that it is not admired by all generations. Li Shimin was too lazy to bother with him and said, "Anyway, there is still a hint of worry on the market now. The Chinese New Year is about to be celebrated. I want you to settle everything before the Chinese New Year. I hope to have a calm New Year. After the Chinese New Year, I have to go back to Chang'an. I am still less responsible in my life. I have not returned to the court for a long time, and I may cause trouble. Moreover, I am very worried about the Queen's illness."

Speaking of Empress Changsun's illness, Li Shimin frowned: "Three years ago, Doctor Sun said he wanted to find Xuelian to treat the queen, but he had no news. I sent someone to look for her, but there was no news. I thought I could not count on her. In the future, Yangzhou Port connects the world. If there is any good medicine for the right symptoms, I should pay attention to it carefully for me and the queen."

Li Mu agreed, but Li Shimin was a little tired, so he asked Li Mu to leave.

...

The Turkic people who have gradually adapted to their new life are about to usher in their first "Tang Dynasty Year".

Every nation has its own customs, and the Turks do not have the concept of "year". Strictly speaking, the Turks do not have an accurate calendar. Their calendar changes according to the four seasons. Winter comes earlier and spring comes later, and it is a normal thing for ordinary people. No one cares about this.

But in the Central Plains, this cannot be done. People in the Central Plains have always paid great attention to seasons. The New Year is the most important thing in the year, but they cannot be careless.

The "white-collar workers" who were responsible for resettlement were also discussed about whether the Turks should celebrate the New Year. In the end, it was agreed that in order to allow the Turks to integrate with the locals faster, they should celebrate the New Year and have a good time. After reporting from layer to layer, the upper level finally approved it. During the New Year, they would take seven days off. All the managers of the resettlement villages should teach the etiquette of the New Year to the Turks, but they should not be forced to give them the power of choice, and during the New Year, they should organize some party activities. Considering the differences between the Turks and the locals, seek common ground while reserving differences, and celebrate the Spring Festival.

I want to have fun during the Chinese New Year, and the party is just right for everyone's thoughts. Although the Turks are not very good at speaking Chinese, they are not inferior at all in terms of being able to sing and dancing. Almost all Turks can dance a little bit. Their dance is close to nature, and the rhythm is not as rigid as the Central Plains rhythm, with a special exotic style. Especially those Turkish girls who came to Jiangnan for two months, ate full every day, had a dish on their faces, and had regained their rosy dance, and they had a different charm when dancing, which made the local boys so fascinated that they could not find the north.

On that day, countless people asked to be in charge of the affairs and wanted to ask them to protect the media. For ordinary people, they have no family opinion. They would not be inferior to others just because the girl is a Turkic person.

The manager is happy to protect the media because the superior said that promoting integration is the top priority. What can be more important than marriage? After asking, as long as the two families have thought about each other, the manager is happy to see it. They are rushing to the Spring Festival and marrying their wives, and resettling the village is full of joy.

On the eighth day of the New Year, Li Shimin finally embarked on the road to return.
Chapter completed!