For Cai Yan, salt banknotes are just a pit. No matter how high the salt profit is, he doesn’t want to fall into the pit dug by the court…

"Money, in essence, is a kind of credibility guarantee that both recognize when exchanging goods and goods. Salt banknotes are actually no different from paper banknotes that replace copper coins. It is a kind of credibility guarantee, a certificate of exchange between salt, brocade, and grain."

"At the beginning, because of insufficient copper coins, most of the people's copper coins flowed into the government treasury. People lacked copper coins. In summer and autumn taxes, merchants could use this to suppress the price of grain and brocade. Because when people paid taxes, they had to pay taxes to the court and had to sell the grain to merchants at a low price."

"It's not just about food, brocade, but also about all aspects of food, clothing, housing and transportation. But food, brocade is the basis of everything, and it's the most important thing."

"The original intention of the court was still good at the beginning. It did not need to use insufficient copper coins to participate in the exchange between goods, but instead used salt banknotes printed on paper instead. Because salt is valuable, a forty-five-money salt banknote is a pound of salt. As long as the two can be exchanged equally, the people agree. However, now, forty-five-money salt banknotes may not be able to be exchanged for one or two salts, or they can be exchanged, but it will take two years...five years...ten years..."

"In this way, the salt banknotes will depreciate. In addition, the Yuanyou Party abandoned the salt banknotes, and the people panic, and the salt banknotes became like waste paper. The root cause of all this is because the salt banknotes have lost credibility or lack of credibility, not the salt banknotes themselves."

"Gold, silver, and copper coins do not have salt banknotes or paper banknotes, because they themselves are guarantees of credibility, not because the court grants the credibility of salt banknotes or paper banknotes. Gold, silver, and copper coins do not need the court or anyone to give them value and reputation. They themselves are, and naturally become the preferred coins of the people."

When Cai Chong and Xue Ang left, Lu Tao was puzzled why the salt banknotes became like a stinky street. Cai Huang thought about it and finally gave an explanation.

Cai Yan was unwilling to get into the trap because of the court's breach of trust in the salt banknotes and used financial means to constantly loot the wealth of salt merchants and the people. Perhaps Cai Jing did not realize what financial means were, but he and the top officials of the Song Dynasty were indeed looting the money of countless people with money.

"The people are unwilling to be robbed, but when the court used its rights to adopt the forced sales method of "one kilogram of salt per month for the upper households and half a kilogram of salt per month for the lower households". The people had to forcibly loot their wealth by the court."

"Just like boiling a frog in warm water, after a long time, everyone adapts, it becomes reasonable."

"As for us... whether it is a pound of salt per person or half a pound of salt, no matter how the court robbed it, it still needs to exchange salt for the Cai Mansion's money. Ordinary people have no extra copper coins, they can only use grain and brocade as silver coins, and have to accept salt banknotes. The Cai Mansion has enough money and does not need to use salt banknotes at all. If you give you forty-five cents, you have to take out a pound of salt!"

"But salt merchants are different. There are a large amount of salt banknotes among the people. When the court's annual taxes reach less than 120 million guan, when all the taxes that can be collected are collected, when all the means are used up, the court cannot abandon salt banknotes and has to admit the circulation of salt banknotes, because once they are abandoned, it means that the court will collect less than 120 million guan, and the finances will be deficit!"

"Once the circulation is recognized, the people will use salt banknotes to exchange salt for salt. However, the court did not produce much salt, printed as much salt, but to make up for the deficit caused by the declining land tax and the increase in officials, the number of salt banknotes printed is actually greater than the amount of salt consumed on the market."

"The Song Dynasty did not lack salt, and the salt warehouse was piled up like mountains, but the salt consumed on the market was insufficient. The reason for this was that the government was unwilling to lower the price of salt. Once the price of salt was low, it meant a reduction in the salt tax. Whether it was the previous sales of the government or the current merchants who bought and sold it, it was the case. Once there were more salt on the market and the price was low, the tax would be reduced. What the court feared the most was the reduction of taxes, which cost 120 million yuan per year, and the court did not dare to relax at all."

Cai Huang sighed at the end.

"Salt buy pounce is a pit. Once it enters the pit, it means that you will never be able to get rid of the risks brought by the salt banknotes. You will always keep a bomb in your hand that no one knows when it will kill his life. You will always endure the willful plunder of the court. In order to avoid falling down first, the salt merchants themselves will only plunder the people below, and will only suppress the actual value of the salt banknotes. The court's "30% banknotes, 30% brocades, 40% brocades, and 40% salt banknotes" buy pounced by the court. When the salt merchants sell it to the people, it may become "40% banknotes, 40% brocades, and 20% salt banknotes". Because salt merchants must consider the uncertain risks of the court later. Regardless of whether the merchants have a conscience, they will do this, unless they break their tails early, or take a rope and find a crooked tree."

"Originally, when the court bought a pounce, salt banknotes accounted for 30%. That is to say, the court recognized the value of salt banknotes, and the merchants turned the value into 20%. Who was the one who was in trouble in the end? Are they still countless poor people?"

"Anyway, I am unwilling to do such a business. Whoever wants to do it will do it, I am not willing to make such money, and I am even more unwilling to be tied to the court!"

Lu Tao was confused, but Gu Qinniang looked at him like a monster.

Monsters are better than monsters. When Cai Chong, the third son of the Cai family, came to Jiangning City, he knew that buying pounce was a must-have and it was a perfect match. He originally planned to return to Hangzhou, but when "Sun Banxian" Bao Daoyi sent 200,000 guan of copper coins, he decided to wait a few days first.

On the first day of October, the prefect of Jiangning Xue Ang contracted the largest and most luxurious restaurant in the city. Not only did the Jiangning courtesan, but also the dozens of other courtesans also invited Jiangning. Hundreds of flowers were radiant and charming women like flowers sang and dance. There were countless scholars and scholars, and the green peach blossoms were in trouble again. Finally, they went to Qifeng Pavilion with Dongmei, who was dressed as a man. Boss Su took Meng Fei and dozens of relatives to protect him. Only Cai Yan was left in the entire manor, sitting alone in the hall, with a long table in front of him, as if waiting for someone.

Cai Yan sat alone in the main seat, with a wooden table over the long and long one-meter-long wooden table covered with white silk placed various meats and rare fruits and vegetables that ordinary people could not eat. He held a silver pot in one hand and poured himself a glass of red and bloody wine, holding a simple horn cup in his hand, but he shook his head in his heart. The wine is good wine, and the utensils look expensive, but it makes people feel a little disappointed.

Qi Qi hurried in and whispered in his ear, and Cai Huang nodded slightly.

"Since the guest is here, let's have someone to attend the seat."

Shiqi retreated silently with his fists. After a while, there was a sound of footsteps outside the door. When he looked up and saw the first person in the lead, Cai Yan reached out to signal.

"The second master came here, but the man failed to leave the house to greet him. Please don't blame me."

Su Renli walked into the hall with a cold face, and without saying a word, she walked to the table and sat down. A group of young and old walked in one by one. Looking at them, Cai Yan only knew their names from Boss Su's mouth. When he saw the last person, he raised his eyebrows slightly.

"Please."

After the last person sat down, Cai Yan didn't say much. After reaching out to signal, he used a knife and fork to cut the pork chop in front of him.

The girl in black saw that he was like a child and a child, and saw him cutting the meat hard, she was very disdainful to wrinkle her delicate nose. The rest of the people looked at each other and silencedly ate the food in front of her.

The cold-faced Shiqi and Sun Hu stood behind the main seat, one left and one right. Everyone was quietly eating the delicious food in front of them. No one spoke, and the scene seemed particularly strange.

Cai Yan stuffed the last piece of pork chop into his stomach, and just as he drank a little juice-like wine, Yao Zhongjiao strode into the hall, whispered in his ear, and a group of people on the long table looked at each other.

"Young Master, Qifeng Pavilion has come out, there is no accident."

Cai Huang nodded slightly.

"I'm troubled by Mr. Yao."

Yao Zhongjiao nodded, walked out of the hall again, carefully closing the door.

Cai Yan looked at everyone and said calmly: "In recent times, Jiangning City has been quite uneasy, and there are many rumors on the streets. As the rumors say, my Cai family did buy Huainan Salt Ba."

He looked at everyone one by one. Seeing their heavy breath, he began to look at each other in a panic and knocked on the dishes slightly.

"You are invited to come. I think you have some speculations in your heart, and you are invited to come, so you don't need to say much about your purpose."

Cai Yan picked up the silver pot, Su Renli, not far away, looked at each other and said in a deep voice: "Ya'er can buy the entire Huainan salt ba, grandpa..."

"Grandpa?"

Cai Yan suddenly raised his hand to interrupt, looked at Su Renli with an unhappy expression, and smiled: "The Su family and the Cai family have a relationship, but they have not yet reached the point of abandoning their business with blood. There is no father and son in the casino, so the same is true in the business world. It would be better if the Su family and the Cai family were separated."

A hint of anger flashed in Su Renli's eyes, but he smiled and nodded, and said with a smile: "Well, there is no father or son in the casino. I think I know the purpose of my arrival. The whole Huainan salt is not something that one family can swallow!"

Su Renli picked up the drink and signaled to Cai Huang, smiling: "Buying salt is not just about having enough money, but also about the power of the Cai family!"

Cai Yan smiled still, picked up the drink and responded, and looked at the other hesitant young and old.

"What Mr. Su said is right. The whole Huainan salt cannot be swallowed by one family. The boy and the Cai family behind him have never thought of swallowing all the salt, and have never thought of cutting off all your life. As for the reason why my Cai family did this today... you have also heard some rumors on the market."

"hehe……"

"The boy is just a child of six or seven years old. Compared with your fame, it is just a joke for a boy to tease a woman. Originally, the boy would not care about these things, and he just thought it was a boring bastard and unscrupulous person. He understood that people would not believe it. However, from jokes to rumor of "shaming and angry murder" is not allowed by the boy and the Cai family. The boy also believes that if such rumors happen to you, you will never turn a blind eye to you!"

An old man nodded and said, "What the little Yanei said is that if such evil happens to my descendants of the Pei family, the old man will never give up!"

"Of course, the Pei family will do the same kindness with the little Yanei today, and will never implicate innocent people."
Chapter completed!