Chapter 1910 The core issue of the food stamp crisis
This virtuous cycle is a good way to make local forces unable to resist Spo, and even suffer from Stockholm Syndrome, where they reflect every day on why they are not as wealthy as the Spo family.
To sum up, if we follow the traditional economic model of the samurai family in the agricultural era, even if Yiyin takes over the world, it will soon fall into the historical cycle of the island nation.
If Yiyin wants to break out of this historical cycle of rise and fall, it must get rid of its dependence on land.
Overcome the impact of the island country’s fragmented plain farming economy and strengthen the central government’s financial advantage over local forces.
Influenced by the Nanbarbar trade, Takada Yono inadvertently established the food stamp financial system, which was the best tool for the Bank of Japan to reset the economic background of the island country.
Therefore, Yiyin now does not need such nonsense as Dazang Changan saying that force is enough and the boss will be fine.
What Yiyin needs to know is whether Dazang Changan has any way to stabilize the food stamp system.
To be honest, Yoshigan is a little disappointed with Takada Yono.
If Takada Yono embezzled Kanto funds to take over the business for himself and took the opportunity to clear out the huge debt he was carrying, then Yiyin can still be considerate.
After all, most of those debts came from the Shiba-Oda War, and it was Takada Yono who took the initiative to shoulder the military expenses for Yoshibank.
Takada Yono really wanted to act like a bastard. Although the money he earned from defrauding Kanto funds was a bit dirty, Yoshihiro could only admit it while pinching his nose.
But the problem is that Takada Haruno himself is not good enough, but he was tricked by those guys from the Nanman Sect, which is embarrassing.
The allies behind Takada Haruno stopped moving forward. Seeing that the Shiba family's funds were tied up in a high position, Yoshihiro was speechless and felt bad.
Cai is the original sin, so don’t play with Cai. Is it embarrassing that Cai is like this?
Takada Yono is the leader of the food stamp system and the rule maker of the game. She has such an advantage but is being set up by outsiders. How can Yoshiyin not be disappointed?
I have been secretly engaged in conspiracy for a long time, but in the end I have not gained any benefits, and I have to bear all the infamy. Isn't this stupid?
Just because he was so disappointed with Takada Harano's performance, Yoshihiro came up with the idea of letting Ozo Changan take a look at the information about Sakai Port.
Dazang Changan is a capable person, and it would be a pity to scrap such a useful talent just because of the random behavior of these bastards in Kanto.
Yoshihiro wanted to see what Ozo Changan thought. If she really had something in her mind, it would not be impossible for her to return to Kinki to solve the Sakai Port problem.
But who knew that Dazang Changan knew how to flatter him when he came up, which immediately made Yiyin a little unhappy.
I'm having a private chat with you in a secret room to talk about business, why don't you come with me to sing praises at the council meeting?
Noticing that the saint's brows were slightly tightened and his face was slightly ugly, Dazang Changan smiled awkwardly, but he didn't expect that his flattery would slap him on the horse's leg.
But judging from the impatient attitude shown by the saint, he was indeed very annoyed by the food stamp crisis caused by the Sakai Port Rebellion, which in turn boosted the spirit of Dazo Changan.
The leader's attention means that once this matter is done well, one's own value will be affirmed, which means that one's idea of making a comeback through this matter is not a delusion, and the future can be expected.
It is not that Dazang Changan did not study the food stamp system. The food stamps themselves were an exchange channel created by the Kanto Palace to pay wages to the people of Yutai.
The financial value of food stamps was discovered by Takada Yono and further transformed it into today's financial system.
Dazang Changan has watched food stamps step by step until today. Especially after the corruption case of the Wu Family Giri Promotion Association broke out, she secretly learned from the pain and studied the new thing of food stamps.
Therefore, for Dazang Changan, the question that the saint asked today can be said to have been done before in the last question of the college entrance examination. It really hit the mark!
If this still fails to satisfy the saint, Dazang Changan might as well pack up his luggage and go back to his hometown to perform ape plays.
After confirming the saint's attitude, Dazang Changan was able to calm down and continued.
"With a saint in office, the sky cannot fall. We and other subordinates only need to let go of the administration, solve specific problems, and share the saint's worries.
The core issue of the Sakai Port Rebellion was to solve the run on Shiba Tokura.
A large amount of food stamps returned and hit Shiba Tokura. Because Takada Haruno-sama lacked enough hard currency and could not cash it out immediately, people were panicked.
If we want to stabilize the food stamp system, we must first resolve the run."
Yiyin nodded, Dazang Changan was indeed a sensible person, and he could see the core problem of the food stamp system at a glance.
Even savings banks in modern society cannot afford a run because the traditional banking industry of non-commercial banks is engaged in the spread business of absorbing deposits at low prices and lending at high prices.
Savings are liabilities, lending is profits, and the difference between the two is the bank's profit. In order to increase profits, banks will definitely use a large proportion of leverage.
The leverage of the modern banking industry can generally reach about ten times through a mature financial system, so once a run occurs, no bank can afford it.
If one-to-one savings are magnified to a one-to-ten leverage, only one-tenth of the funds will be run, and the bank will be hollowed out and a crisis of trust will occur.
In this medieval island country, the food stamp system established by Takada Harano was even more crude.
Unable to increase leverage through the modern financial system, she actually achieved leverage through the most primitive method, which was to issue money indiscriminately.
After several fluctuations in the food stamp system, the exchange rate has stabilized at the point where a grain stamp with a face value of one stone can be exchanged for the market value of one stone of brown rice, that is, one to one.
However, in order to raise military expenses for the Shiba Oda War, Takada Harno issued food stamps indiscriminately. In fact, the number of food stamps in the market was much higher than the reserve fund that Shiba Tokura could exchange.
The real ratio of food stamps to gold, silver, copper coins, grain and other hard currencies may be one to two, or even one to three.
In the eyes of the modern banking industry, this level of financial leverage is extremely healthy, but in the island country of the Middle Ages, it could cause the food stamp system to be run on and collapse at any time.
In order to share risks, Takada Haruno formulated the rules of the game in his own favor, restricting Hokuriku Doro stocks, Spo real estate and other Spo assets to only use food stamps to trade.
A large number of over-issued food stamps are circulating in the stock and real estate trading markets, which is equivalent to digging a backup reservoir to store food stamps, restricting the exchange of these food stamps and impacting the Spo earth warehouse.
As long as stocks and real estate appreciate steadily, food stamp holders will feel comfortable trading in the market with their food stamps.
For every transaction of food stamps in stock and real estate, Takada Yono charges an additional transaction fee as the management fee of the food stamp provider.
Earning seigniorage by exchanging food stamps and collecting transaction tax from market transactions means that Harano Takada wins twice. If she doesn’t get rich in a win-win situation, who will get rich?