Chapter 95 Currency (1)
Luo Shengdong didn't even pay attention to this possible dangerous situation. The place where the Haihan people live is surrounded by mountains and is mostly a place where Li and Miao people live together. Where could these prisoners escape even if they escaped? As for the cost of hiring workers, 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 coins. This may be a very good offer for the state government that has to provide financial subsidies to Yazhou Dalao every year, but Luo Shengdong knows very well how thoughtful the Haihan people are. Just the salt business will have hundreds of thousands of dollars every year in the future. Compared with the income of ten thousand taels of silver, such a small amount of labor expenses is really just a drop in the bucket for the Haihan people.
As for where these prisoners will go to work hard, 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 arrival of more than 200 laborers can be used for further smoothing the road surface for the next step. Larger machine tools were sent inland for preparation. Of course, the children in this road construction team will also be directly included in the education system under the Executive 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 extent of the expansion of the Time Travelers in the future - when the Time Travelers take control of Yazhou City, they will probably be able to clear away the identities of the prisoners.
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 more to prove his ability to the Haihan people. Now Luo Shengdong is no longer the captive officer who knelt down to the Executive Committee and begged for a way out. He has made contributions in fighting pirates and has won recognition and awards from the local garrison senior officials. He has also helped the local government solve the problem of employment and re-employment of the unemployed. The two major problems of employment also have a good reputation in the local civil service system. Although Luo Shengdong is just 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 to achieve with the help of Haihan people.
The two thousand kilograms of salt that Luo Shengdong transported from Shengli Port a few days ago was sold to all counties under Yazhou in just a few days. After taking into account the various expenses involved, Luo Shengdong finally pocketed enough money. There are 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. He went to Yazhou Prison the next day to urge the transfer of prisoners, and hurriedly delivered victory to the Haihan people. Hong Kong. After Luo Shengdong made up the amount owed on credit from the last transaction, he expressed his 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 settle part of it in cash instead of paying 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. The words "Circulation Voucher" were printed in block letters in the middle, and "Circulation Voucher" was 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. In Luo Shengdong's opinion, the printing is very exquisite. Isn't it a little too sinister to dare to sell such a small picture for a few cents?
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 at the moment: "I am stupid, I don't know what the use of this thing is?" < br>
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 had 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, and that is the issuance of currency. Directly following the Ming Dynasty's monetary system would definitely not be feasible for the Preparatory Committee, which wanted to establish a political power. Everyone on the Preparatory Committee believed that only by issuing currency that would cross the regime's own currency would it be practical to establish a financial system. significance.
At first, most people believed that coins made of silver, copper and cemented carbide should be directly issued. 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, the coinage process itself also has 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 special research for this purpose, prepared several sets of coin design plans, and even secretly made several sets of prototypes for stamping coins in the metal processing factory in 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 lesson on financial knowledge to the Chuanchuan people 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 precious metal reserves of the Crossing Group itself are too small. Even if they barely create coins, their circulation will not be much larger. Although some people think that other metal currencies can be continuously collected through trade to replenish the precious metal reserves, but Schneider pointed out that according to Gresham's law, when two currencies with different actual values but unchanged legal ratio are circulating in the market of a region at the same time, the currency with higher value will inevitably withdraw from the circulation basin due to melting, export or collection, and the market will In the end, what is left is still low-valued currency. This is the well-known phenomenon in the financial field that bad currency drives out good currency. No matter how much precious metal currency the Crossing Group issues, it cannot stop the market they will face from misappropriating good coins. This will inevitably happen and the Crossing Group cannot resist.
The second reason is that the economic aggregate of the Cross Group itself is too small. After issuing precious metal currency, the ability to deal with market risks is obviously insufficient. In the future trade, a large amount of precious metal currencies will be imported and exported very frequently, which will easily cause price fluctuations in areas controlled by the group, and may even cause financial crises in some areas during special periods.
Third, Schneider believes that if Cross Group wants to establish a modern financial system, it must rely on the issuance of debt-type currency to achieve this. The so-called debt currency is compared to the non-debt currency of precious metals. Precious metal currencies such as gold and silver can circulate across eras and national boundaries without relying on anyone's promise or the coercion of government power, while debt currency does not You can over-issue currency by linking it to precious metals, government bonds, etc. to artificially increase the economic aggregate. This is very useful for getting through the early stage 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. They used their good reputation and absolute authority in their jurisdiction as a guarantee, but the people of the Ming Dynasty who had suffered a lot may not necessarily recognize the emergence of another new paper currency.
In response to this doubt, Schneider came up with his own currency solution - the value of banknotes is linked to the precious metal reserves of the 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. Crossing Group can issue a voucher-like currency within its own jurisdiction, and the currency value, or actual purchasing power, is directly linked to precious metals. For example, one dollar 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 calculated. At the same time, financial institutions can adjust the total amount of currency circulating in the market at any time to adjust the total amount of currency in circulation at any time. Maintain currency value stability.
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 cross-border 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 - in a short time, this thing will become a piece of waste paper that no one wants in the market. However, the Time Travel Group has an incomparable advantage, that is, in the early days of Time Travel, a considerable proportion of employees had no monetary income at all. This is the conclusion reached by the Preparatory Committee after repeated deductions, and in this area where it is almost zero It will be much easier to enforce paper money in the financial market - something is better than nothing, this is a normal thought 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 of food, or to exchange their labor for various goods provided by the Time Travel Group. Only a few People will ask for wages to be settled in currency. After the commune was established, the people who joined the commune only had the accumulation of labor points, and there was no monetary reward at all. For these people, if they can receive more practical monetary rewards, whether the currency is banknotes, copper coins, or silver coins, they are equally welcome.
(End of chapter)