Merton didn''t seem to be aware of the sinister intentions of Yu Zhining and others. He continued to expose his family''s ugliness and said, "what''s more terrible is that the opening of a bank in Mojia village and the acquisition of a large amount of cash in a short time will certainly make countless people quite excited. If the world scrambles to follow suit and issue silver tickets, then the silver tickets will flood wantonly, just like a piece of waste paper, it will be a real disaster."
The officials were in an uproar. They didn''t expect that the Mojia Zi had exposed another big loophole. Since ancient times, people have died for money and birds. The Mojia village must have attracted countless people to obtain such great benefits in a short time. Over time, countless people must follow suit, but the time when the bank was established is too short and the world hasn''t had time.
Yu Zhining was overjoyed when he heard the speech, and immediately scolded with high spirits: "Mohist, you are simply bold. The people of the Tang Dynasty are simple and live and work in peace and contentment, and you pioneered the bank, putting the property of the people all over the world at risk. If you are careless, the trust of the people all over the world will be destroyed once the rites and music collapse, and Kong shengqian''s education will become empty talk. You know your sin!"
Yu Zhining''s accusation is not heavy. The ancients ruled the country with courtesy, but the issuance of Bank silver notes is a sign of unrest. If you are careless, you may lead to a great disaster, which the Mohists can''t afford.
Other ministers also echoed, accusing Merton of making claims and becoming a sign of unrest.
Qin Qiong couldn''t help showing concern when she saw Merton being denounced. However, he was very confident in Merton''s past achievements, so she endured not to come forward.
"Merton, what''s your excuse!" Li Shimin said helplessly. According to the ministers, it seems that the bank has become the source of all evil.
In an instant, the officials were ready. According to the past practice, this will be the time for Mohist Zi to fight back.
Sure enough, Merton Lang said in a voice: "Your Majesty, when I opened the bank, I had predicted all the worries of all ministers today. However, I still chose to open the bank because the bank is a double-edged sword, which can hurt both people and myself. But if we use it properly, it will be a unique weapon."
"Peerless weapon!" the crowd couldn''t help but give a meal. They didn''t expect that mojiazi would pay so much attention to the bank. Yu Zhining and others couldn''t help looking at each other. The more important things Mozi valued, the less they could let Mozi succeed,
"That''s right." Merton said proudly, "first of all, the world has been suffering from the weight of money for a long time, so it''s not necessary to mention the bill business. It''s said that the silver bill has incomparable advantages over Silver and copper money. First, changing the heavy copper money into paper money as thin as cicada''s wings greatly facilitates the daily life of the people.
Everyone nodded. At this point, the silver ticket does have great advantages. Moreover, mojiazi divides the silver ticket into one or two, one money and one point, which makes it very convenient for people to carry and cash the silver. Coupled with the reputation of Mojia village and mojiazi, this is also the reason why the Silver ticket can be implemented so quickly.
"Secondly, silver tickets can also reduce the loss of silver and copper money. Once they have money, many people will be buried underground for fear of being stolen. Over time, copper rust is everywhere, silver is soft, and there are many losses in daily use. Silver tickets can perfectly avoid such problems."
Dai Zhou, the minister in charge of the Ministry of the people, nodded involuntarily. He was in charge of the Ministry of the people. Naturally, he knew these disadvantages, and there were many losses in the Tang Dynasty every year.
"Finally, the biggest function of silver ticket is to solve the problem of copper shortage." Merton finally threw a deep-water bomb.
"Copper shortage!" All the officials were in an uproar. The shortage of copper is a headache for Datang. You know, Datang''s copper price rises every year because of the shortage of copper money. However, Datang''s economy is growing, and the demand for copper is almost unlimited. However, the mining technology of copper in this era is backward, and it can''t meet the demand at all. If we can solve the problem of copper shortage in Datang, it will be great It''s a great achievement.
"Your Majesty, it can be imagined that one silver note can replace one hundred copper coins, and one silver note can replace ten copper coins. People only need a stack of paper money and a few copper coins to settle accounts. Unlike today, everyone carries a bag full of copper coins. If the daily chemical silver note is popularized in the world, only 10% of the demand for copper money in Datang can be enough. This is the radical cure of Datang "The best way of copper shortage," Morton said proudly.
"Ten percent of the copper money is enough!" Li Shimin''s eyes suddenly flashed a light. If according to Merton, the role of the silver note can not be ignored by everyone.
"Mojiazi, you are so bold that you dare to promote these harmful banknotes to the world without harming Mojia village. It is a heinous crime." the Minister of household exclaimed.
In fact, all the ministers were in an uproar and broke into a cold sweat for Mozi''s bold idea.
Merton laughed and said, "why not? We all avoid paper money like snakes and scorpions, but Mo believes that paper money is the third generation of money, which is the general trend of the future and has great prospects."
"The third generation currency, what do you say?" Dai Zhou, who had been silent, suddenly said.
Merton looked around and said proudly, "it''s a long story. It''s a secret of Mohism. Since it''s up to now, Mohism will not hide."
"The secret of Mohism!"
All of us immediately stood up and listened. Although Mohism had been silent for thousands of years, after Merton''s continuous publicity, everyone dared not despise Mohism at all.
"Money is also commonly known as money. Before the three emperors and five emperors, there was no money in the world. At that time, the way of trading ancestors was barter, an axe for a sheep and two sheep for a cow. This kind of trading was very unstable. If I took a bag of grain and went to the market to exchange, I might run for a day and do nothing. At this time, money came into being, That is the shell, the first generation of money. "
Li Shimin and Dai Zhou nodded. Merton explained the reason why shells are money in the silk system of the Tang Dynasty.
Other ministers are people who read poems and books. After a little thinking, they immediately understand the reasons. There is no dispute that shells have become the first generation of currency. After all, the old ancestors have decided in writing.
Merton then said, "however, shells have great disadvantages. They are fragile, low value and difficult to carry. With the continuous trading and exploration of the ancients, they finally found two kinds of metals that are not easy to damage, high value and easy to cut."
"Gold and silver!"
This time the answer came to everyone''s mind. Merton was talking about the familiar gold and silver.
"Yes, gold and silver are the second generation of money," said Merton Lang, "And it is a well deserved recognized currency in the world. Copper is just an auxiliary currency. The ancestors of Mohism have footprints all over the world. They found that almost all civilized countries have gold and silver. Of course, many foolish people still stay in the first generation of currency or barter."
The people in the Ministry of rites could not help nodding slightly, which was very consistent with what they knew.
"Here, Mo can tell you the good news of making a fortune. Due to the different wealth of gold, silver and copper mines in various countries, the exchange ratio of the three is also inconsistent. In Datang, one or two gold can be exchanged for twelve silver, while in some countries, one or two gold can be exchanged for at least twenty-two silver. This is a great business."
"Hiss!"
Almost everyone took a breath at once. If Merton''s words were true, it would be enough to plunder the wealth of a country and call it a great business. In an instant, many people were so excited that they couldn''t help but turn their eyes to the officials of the Ministry of rites. I''m afraid only the Ministry of rites knows the news of other countries except Mohist Zi.
Even Li Shimin was so excited that if there was such a price difference, he could obtain great benefits without a single soldier, which was an irresistible temptation for the imperial court.
"The great Mohist school now has a bad reputation. It will give up such heavy profits and make it public to the world." Yu Zhining snorted coldly.
Merton retorted, "the Mohist school makes money by making use of the secret skills of the Mohist school to benefit the country, the people and themselves, but it has never hoarded strange things and bid up prices. If the Mohist school wants to make money, it will only use the goods produced by the Mohist village to get remuneration. Every article of the money earned is innocent, and it will never use the second method."
Li Shimin also suppressed his desire and said with a big hand: "well, I naturally know that Mohism is a model of craftsmanship, not a sneaky businessman, but don''t cut the topic. For the time being, what''s the matter with the third generation currency?"
Merton then returned to the theme: "However, although gold and silver are natural currencies, they are not without shortcomings. They are too heavy, easy to wear out, and extremely rare. Therefore, most of China uses gold, silver and copper as currencies at the same time. However, with the continuous development of society, the problem of money shortage is becoming more and more serious. In addition to the fact that the world likes to bury gold, silver and copper money underground, there is another fundamental reason is the shortage of gold, silver and copper Rare.
The Manchu courtiers nodded one after another.
"It is conceivable that with the continuous development of the Tang Dynasty, the problem of money shortage will certainly be further exacerbated, so the third currency will emerge at the historic moment, that is, paper money represented by silver notes, which Weichen calls credit currency." Merton took a deep breath.
"Credit currency!"
The Manchu officials suddenly realized that the most important reason why Merton''s three bills could be implemented smoothly was the reputation of Mohism and Mohism.
More ministers looked at Merton with more dignified eyes. They had never heard of the knowledge that Merton said, but they were always by their side.
The problem of money shortage in the Tang Dynasty has always existed, but no one paid attention to it. Mohist Zi seized the opportunity and issued silver tickets. It can be said that he was at the forefront of the times once.
Merton looked around and said, "the reason why credit money can be implemented naturally has great advantages. Paper money is simple to make, easy to keep, carry and transport, and can avoid the loss of gold and silver in circulation."
People nodded, and the prevalence of bill business in Mojia village was an opportunity to see that it was inconvenient for the world to carry money.
However, the minister in charge of the Ministry of Civil Affairs disagreed and said, "isn''t Mr. Mo just defending himself for collecting money, saying only the advantages, not the disadvantages? If the world follows the example of Mojia village to set up banks and indiscriminately issue silver tickets, once there is trouble, the consequences can''t be borne by you alone."
Merton nodded and said, "what do you say? If you directly order to prohibit the issuance of paper money, it''s just giving up food for choking. The money shortage in Datang will never be solved."
Leng hum, the Minister of civil affairs, said, "it''s easy to solve the problem. The Bank of Mojia village only needs to hand over the cash in exchange for issuing silver tickets to the state treasury. Even if one day, the silver ticket of Mojia village will become a piece of waste paper, and the people can exchange it with the imperial court. In this way, the people will not have any loss."
Many ministers immediately calmed down. If the Mo family agreed to this condition, I''m afraid there would be no chance to turn over again.
After a long time of serious consideration, Merton nodded slowly: "That''s a way, but the bank needs to be ready to exchange gold and silver for cash. The biggest reason why credit currency can be implemented is that these silver notes can be exchanged for cash or buy things at any time. If the bank in Mojia village can''t exchange silver notes at any time, let alone the workers in Mojia village, even the villagers won''t agree, the bank won''t It''s bound to go bankrupt in three days. "
The Minister of Civil Affairs immediately turned red. What he planned was immediately revealed by the Mohist son. He was ashamed to see the eyes of the emperor and officials examining him.
However, Merton''s words changed: "however, although the bank cannot hand over all the cash to the court, it can hand over 30% of the cash to the court for safekeeping."
"Thirty percent is silver!" all the officials were surprised that Merton would take the initiative to hand it in.
Merton nodded: "the 30% cash silver will be used as the deposit for the silver ticket. In this way, even if the Mojia village goes bankrupt in the future, the silver ticket in the hands of the people can be compensated by the imperial court."
Yu Zhining raised his eyebrows and said, "three costs? What about 70 percent? Do the people have to bear 70 percent of the loss?"
Merton suddenly turned to Yu Zhining and said: "At any time, only Mojia village may have the most silver tickets. It can be said that the risk of Mojia village is the greatest. I can promise that if Mojia village really goes bankrupt, the silver tickets of Mojia village will not be exchanged, and the rest of the money can be exchanged for the people. In this way, the loss of the people can be reduced by at least 50%. Coupled with the inherent assets of Mojia village, I believe Certainly it can minimize the losses of the people. Of course, Mojia village will not let this day appear. "
"Fifty percent!" many courtiers fell into hesitation one after another.
"Do you know why it is necessary to hand in 30% cash? First, Mojia village needs to leave 70% cash to deal with the exchange. Second, Mojia village must have 30% margin for opening a check account. People believe in the credit of Mojia village and the credit of the imperial court. This is the essence of credit currency." Merton said with both voice and emotion.
"Credit!" all officials were immediately silent. Datang stresses credit and believes in promise. The credit currency represented by silver will certainly bring challenges to Datang''s credit system. However, once it is used well, the benefits will be incalculable.
"And you know how much this 30% cash silver is?" Merton said with a flash of flesh pain in his eyes.
"300000 yuan!"