When Liang Yi buried the news that he had launched an army of "800,000" to besiege Lanzhou City, the salt notes and Jiaozi in the Bianjing Exchange Exchange experienced a significant depreciation.
The two stocks originally issued by the Stock Exchange and the Xihe Road Stock Exchange also fell sharply.
When Liang Yi sent troops, the well-informed businessmen had already obtained the information, so they sold salt banknotes, Jiaozi and stocks in large quantities at the exchange.
As the situation in Lanzhou became tense, Yanchao and Jiaozi continued to fall.
The fluctuations in banknotes and stocks attracted the attention of Huang Lu, the third official. He immediately asked Ye Zuqia, the supervisor of the exchange and exchange, to purchase a large amount of salt notes and jiaozi from the Bianjing Exchange.
Nowadays, although all roads in the world have already had their own exchange centers, the Bianjing Exchange Office is still the top priority.
Because Ye Zuqia supported the new law, he was criticized by the old party as a flatterer and lost power after Wang Anshi resigned as prime minister.
After Zhang Yue became prime minister, he favored him and promoted him along the way, bringing him to the center of the political stage again.
As a poor scholar with no background, Ye Zuqia knew the importance of holding on tight. He packed up his clothes and lived in the exchange, watching the exchange of salt notes and the price fluctuations of stocks.
After Ye Zuqia stayed for a few days, he immediately went to Sansi Envoy to look for Huang Lu.
Just as Ye Zuqia was about to speak, Huang Lu stretched out his hand to stop him and said, "Don't tell me these words first. When you get to Prime Minister Zhang, you can explain them one by one."
Ye Zuqia was surprised and said, "Has Prime Minister Zhang also asked about this matter?"
Ye Zuqia couldn't help but feel anxious.
Huang Lu nodded and said, "Of course, if you have anything to say when you meet the Prime Minister, don't hide anything."
"Yes." Ye Zuqia lowered his eyebrows and said calmly.
The two rode to Zhang Mansion.
As Zhang Yue became increasingly powerful, he often met with officials in the palace instead of discussing with other officials in the political hall.
This means that once you say it, you can calculate it, and you can make the final decision.
This kind of authority is similar to that of Cai Jing in the Huizong Dynasty.
Huang Lu and Ye Zuqia saw many officials waiting to report something. As the third envoy of Huang Lu, they also waited for a while before entering.
But Cai Bian was already sitting indoors. Now Cai Bianzhi and Zhang Yue were just like Lu Jiawen and Deng Wan were with Wang Anshi back then.
Zhang Yue was not on good terms with Wang Anshi, but had close relations with his two sons-in-law, Cai Bian and Wu Anzhi.
Zhang Yue took a sip of tea to moisten his throat and asked Huang Lu to sit aside.
Huang Lu was here, and Ye Zuqia was not qualified to sit down to complain, so he could only stand and say: "With the price fluctuations, there are many rumors on the market. There are all rumors that He Yanchao Jiaozi has fallen so sharply. It's all because of the price fluctuation."
Because Dangxiang and the Qingtang people sold off all the salt banknotes and Jiaozi in their hands."
Huang Lu said: "This is nonsense. The exchanges at Xihe Road and Yongxingfu do not have such a large volume of sales. This is all done by our own traders."
Ye Zuqia said: "What the provincial leader said is that they sell high and buy low, even buy low and sell low, and sell short at any cost."
Zhang Yue heard this and thought to himself, our Song Dynasty really has a fine tradition of cutting leeks.
"The salt banknotes and the anchors of Zhangyan and Xieyan did not fall much, mainly Jiaozi. During the Qingli period, Li Yuanhao was in a hurry to attack the northwest, and the imperial court was short of military resources, so he used Jiaozi indiscriminately. This caused Jiaozi to plummet."
"Xiaoguan also tried his best. Now 90% of the money in the exchange has been used to buy Jiaozi, but the price still cannot be stabilized."
After hearing this, Zhang Yue thought that this was almost a currency defense war. After years of indiscriminate issuance by the imperial court, a huge amount of Jiaozi had been accumulated on the market.
In the early days of Xining, the ratio of Jiaozi to coins reached one to ten. In recent years, Zhang Yue asked the Third Division to use money to purchase large quantities of Jiaozi from the Exchange. This stabilized the value of the currency at five or six to ten, and even reached over
Eight to ten.
After that, Sansi dumped part of Jiaozi and made a profit during the period.
Zhang Yue looked at Huang Lu and asked, "Does the Third Division still have any money left?"
Huang Lu said: "The Third Division has already lent one million guan to Jiaoyin Prison before. Now we can allocate another 1 million guan. I'm afraid it won't be enough. Otherwise, many expenses of the imperial court will be stopped, and even
Even the river construction is unsustainable."
Zhang Yue said: "One million guan is enough. Sinong Temple can allocate 500,000 guan. Your Majesty also agreed to allocate another 500,000 guan from the inner treasury."
"There are two million coins in total here. The jailer must keep the number at five to ten."
Huang Lu said: "This is gambling on the fate of the country, and the outcome of the Battle of Lanzhou. If after losing this battle, the salt banknotes and Jiaozi will be demoted to the bottom, the two million coins will also be lost. On the contrary, after winning, the court will
One wave will make a lot of money."
After hearing what Huang Lu said, everyone nodded.
At this time, Cai Bian said: "I have reported to the Prime Minister that I think it is better to let Jiaozi fall down first, and then buy it with two million yuan after it falls to three to ten."
After listening to Cai Bian's words, Huang Lu asked: "You said it fell first?"
Cai Bian said: "Yes, as long as the court does not support it, Jiaozi will immediately fall to three to ten. When it reaches the bottom, we will take action. Not only can we save the decline, but the court can also make a lot of profits."
Zhang Yue knew that Cai Bian was right.
However, once Jiaozi falls to three to ten, the wealth saved by many people will be wiped out.
But having said that, if someone makes more, someone must lose more; if someone loses more, someone must make more.
Zhang Yue hesitated slightly for a moment after hearing Cai Bian's words, and Huang Lu saw this hesitation clearly in his eyes.
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Zhang Yue said: "I understand what Yuan Du means. But the people are the most difficult. The imperial court has already made a lot of profits from the people by issuing jiaozi at five to ten. How can we do this again? It will almost be enough."
"
Cai Bian knew that he had said the wrong thing, so he said it was right.
After everyone left, Huang Lu grabbed Ye Zuqian and said, "You don't have to listen to what Prime Minister Zhang said. Just do what Cai Yuandu says."
Ye Zuqia asked in surprise: "Provincial Lord, this..."
Huang Lu said: "The Prime Minister is devoted to the people, but has not considered himself. If Lanzhou is defeated, the court will lose so much money. How can the Prime Minister explain to His Majesty and all the officials? We must understand the difficulties for the Prime Minister."
Ye Zuqia's heart trembled, and he immediately said seriously: "Provincial Lord, I understand. You have been kind to me as much as a mountain, and I will repay you with your own strength!"
After Ye Zuqia left, Huang Lu sighed: "The way of heaven is like a bow. The higher one suppresses it, the lower one lifts it. If it is not broken, it will not be established. If it is not established, it will not be broken."
Huang Lu was the person who knew Zhang Yue best. He was ordered by Empress Dowager Cao to stabilize the price of salt.
The other party first went long on the salt price in the exchange, then went short on the salt price, and finally stabilized the salt price in one fell swoop, and the court made a lot of profits from it. This turnaround method is really admirable.
Now in order to stabilize the currency value of Jiaozi, how could he not know the correct approach?
However, due to the sharp drop in salt currency that year, many businessmen went bankrupt. Zhang Yue told himself that he had always felt guilty and felt sorry for those people.
This may be the reason why Zhang Yue is unwilling to use this method again.
…
And in Zhang Mansion.
Zhang Yue and Cai Bian were walking in the courtyard.
Cai Bian wanted to explain to Zhang Yue what had just happened. Zhang Yue smiled and said, "Yuandu, you don't have to explain, I know you have good intentions. But this little thing can shake the world."
Cai Bian smiled. He heard that in front of the imperial court that day, the officials talked about the personal expedition, but Zhang Yue said nothing.
Cai Bian said: "However, your Majesty recently mentioned at the banquet that the emperor will personally conquer the country."
Zhang Yue laughed when he heard this, and delegated the command to the Privy Council. As a result, the Lanzhou battle left the officials unable to take any backup measures.
Therefore, for officials who are keen on micro-management, everyone feels uncomfortable and anxious.
The emperor in front of us is the founder of the 'Twelve Gold Medals'. He was so worried that he came up with this mechanism.
Zhang Yue just asked the emperor to hold his hand and not move.
It must have made the officials unhappy.
Zhang Yue said: "Yuandu, you have been serving the king for some time, what do you think of your majesty?"
"Holy Tomorrow..."
Zhang Yue said: "Sage is a saint, but His Majesty is too greedy for power and controls the details meticulously."
Cai Bian said: "Students... students deeply agree."
Many people don't understand the manipulative desire for power by those in power. It's like ordinary people playing stocks. They know very well not to watch the market all day long and do less operations.
But the other person just couldn't help but want to operate it every day, and he had to move it every day to feel comfortable.
It turned out that all the money from frequent buying and selling was paid in handling fees, and it would be better to make money faster than doing nothing.
Zhang Yue said: "This is what officials do. After I delegated the power of leading troops to the Privy Council, he couldn't sit still."
"Even if there is a total delay from Xihe Road to Bianjing, it will take more than 20 days for the gold medal messenger to go back and forth. In this way, all fighter planes will be delayed."
"This is the disadvantage of working hard and worrying about gains and losses. It is not the way to do nothing."
Cai Bian nodded and said, "Then you dare to ask the Prime Minister what is most important in your heart right now?"
Zhang Yue walked a few steps after hearing this, took a piece of bamboo from the ground and said to Cai Bian: "Yuandu, do you still remember what I used a piece of bamboo to describe to you?"
Cai Bian said: "The official will remember."
Zhang Yue said: "The way of heaven is like a bow. If you bend this bamboo with force, the rebound force will be greater. If you use too much force, it will break."
"Just like Ling Yue's Xining New Method, if you use too much force, even if the bamboo won't break, one day the bamboo will bounce back. What about that time?"
Cai Bian said resolutely and confidently: "As long as your Majesty is in your prime, no one can reverse this trend."
Zhang Yue said: "You are wrong. The first thing to do as an official is to know how to 'recognize the situation'. When the general trend is the same as the people's will, not even the emperor can change it. You must obey the general trend."
Cai Bian's face changed slightly when he heard this.
Zhang Yue flicked the bamboo so hard that his hands hurt, and then said: "In fact, it is not difficult to cut down the summer. As long as you persevere, you can achieve full success in five to ten years."
"There are only two things I'm afraid of. Either haste, waste time, or give up halfway. If you travel a hundred miles, you will only be half-way!"
"We also need to continue to implement the new law, not as hard as possible."
Wang Anshi and Cai Bian both believed in their hearts that the emperor would not waver and would continue to implement the new law.
But politics is not that simple.
When Cai Bian hesitated, he saw Zhang Yue put the bamboo in his hand and said with a smile: "Don't think about this for now. After the battle of Lanzhou is decided, you and I can talk about this topic again!"
Cai Bian composed himself and said, "Bian thanked the Prime Minister for his advice."