Vol 5 Chapter 158: Paper money

Zhou Ming, who doesn't want to worry about so many things, accompanies his pregnant wife at home and pays attention to the movement of the fetus every day.
However, a series of problems encountered by the family were still faced by his frowning father Bai Xutang, looking for him to find a way and think about a solution.
what is the problem?
inflation.
Today, the entire Wancheng nation is facing inflation.
How serious is this problem?
It is mainly related to the amount of treasure looted from various continents by various cities.
The more plundered treasures, the higher the inflation rate, about 30 times, 50 times.
The amount of looted treasure is average, and the inflation rate is medium, about 10 times, 20 times.
Cities with less plundered treasures have lower inflation rates, about 8 times or 10 times.
Because Wancheng's domestic economic integration is relatively high, and the inflation rate of each city has the characteristics of mutual influence, so even in cities with low inflation rates, the price level of these ten years has generally risen more than 10 times.
As for Xuanqingcheng, inflation is relatively fast among thousands of cities, and prices have increased more than 30 times in the past ten years.
Is inflation so high, is it good or bad?
Of course, 100% is a bad thing.
In fact, before Wan Chong-kuo's external expansion, there has been a problem of slow inflation in the country, which is about 5% every year, and the impact is not great.
After devastating Nanyuanzhou and Xiyuanzhou successively, and looting most of Northern Yuanzhou, the wealth that was transported to Wancheng Country, resulting in an annual inflation rate above 50%.
This has a great influence on groups of all classes.
For the rich, the hard-earned money became worthless, and the middle class, who lived swiftly for many days, became a poor class.
The original poor class, because income growth could not keep up with soaring prices, became a very poor class.
And those local tyrants with a net worth of more than 10 billion, 100 billion or even one trillion are not happy because the higher the inflation rate, the more their property shrinks.
So no one likes inflation.
So what is the culprit of inflation?
currency.
Currency circulating in the market.
This is the so-called "spirit coin".
The size of the inflation rate is directly related to the number of coins in circulation in the market.
As a special material that can be repeatedly charged / released aura, it is convenient for the monks to practice, so the value of the spiritual coins used to be high.
In terms of purchasing power, more than 20 years ago, a coin could buy at least about 2 kg of fairy crystal rice, or more than 1 kg of beef, or have a meal in a cheap restaurant.
now what?
1 kg of Xianjing rice requires at least 10 spirit coins to buy.
Not to mention other commodities.
Therefore, the most common scenery in the Wancheng Kingdom is: ordinary people carry a bag of "spirit coins" and buy various goods on the street.
The spirit coin is heavier, and the weight of several thousand pieces together weighs thirty to forty pounds.
"Carrying a few tens of pounds of spiritual coins, to buy a product that may only weigh a few pounds ... This shopping experience, I believe no one wants to experience it."
But whoever is the greedy person can't restrain the greed, he must devour the South Yuanzhou and Xiyuanzhou, and transfer the amount of tens of trillions or trillions of spiritual coins to a million nations without currency. Bloat is strange.
Zhou Ming is funny, but the problem still has to be solved.
How can it be solved?
Father Bai Xutang said: "Shall we put some 'pressure' on those profiteers and tell them not to increase their prices any more? Bai Mu's two sons and daughters took their treasures in foreign countries and turned out to be cheaper for them. Wedding dress? "
Bai Xutang was indignant and planned to take several profiteers.
Those hateful profiteers, who have been raising prices year after year and raising prices madly, he has endured for a long time!
"No! Never!"
Zhou Ming waved his hands again and again, "It's not that those businessmen are treacherous, but that they have no choice but to increase the price of any product from raw materials to factories and distributors, which will force the businessmen to have to increase their prices. It's useless for you to take them."
"Then ... what should I do?"
Bai Xutang asked: "Is there no way? Just keep going up?"
"No, it will not continue to rise. Recently, Wan Chengguo has stopped its external expansion and there is no external currency input. In the next few years, the inflation rate will drop significantly."
"However, the problem of payment inconvenience caused by high prices is to be solved now. I have a better solution to this problem. If the effect of the implementation is good, the inflation problem may be solved together."
Zhou Ming said with a chest.
"Oh, what plan? Come and listen."
Bai Xutang's eyes lit up and quickly urged him.
"Paper money, issued paper money, used to replace the spirit coins circulating in the market ..."
Zhou Ming slowly stated his solution: issue paper money to replace the diminishing purchasing power.
Bai Xutang was dumbfounded, as if hearing a fantasy.
His head shook like a rattle and shouted absurdly.
"No, no. The paper money you said can't work, just a piece of paper. You say it's worth thousands. Who believes? Who dares to use? A piece of paper is worth so much money?"
"This plan will not work, certainly not, it won't solve any problems."
Bai Xutang couldn't imagine the scene of people trading with each other while holding a stack of paper. Traditional ideas tell him that nothing but currency coins and some metal currencies can't be used as currency in circulation.
Not to mention the cheap and dying papers today, even if printed with a bunch of anti-counterfeiting patterns, and adding anti-counterfeiting watermarks, it ca n’t pretend to be thousands of spiritual coins, and really spend it, no one will spend this money, nor People dare to accept this kind of money.
Bai Xutang completely rejected the plan.
Zhou Ming explained: "The essence of currency is just a kind of credit guarantee. As long as the currency value of the banknotes and the value of the corresponding collateral are maintained at a fixed exchange ratio, the banknotes have circulation characteristics. As long as we officially provide credit guarantees, there must be someone willing to pay use."
"Of course, I don't deny that there is a certain practical value of spiritual coins other than currency, but in the current multinational country, spiritual coins are flooded and severely depreciated, and for the majority of ordinary people, they don't use To the practical value of spiritual coins, for most people, spiritual coins are no different from ordinary stones, but inherit the bulkiness of stones. "
"The elimination of Lingbi from the circulation market is inevitable. It must be replaced with a better currency. Paper currency is a good choice."
Seeing my father still shaking his head and feeling that this plan was not very reliable, Zhou Ming directly said: "In this way, I personally take out 10 billion coins and print a total of 10 billion banknotes to do a circulation experiment in Xuanqing City. If the experiment is successful "How about this paper money plan being implemented in Xuanqing City?"
Bai Xutang listened for a moment, "10 billion, this is not a decimal, what should I do if it is all floated?"
"It's no need to worry, you just nod your head and agree."
"Ok."
Bai Xutang nodded, his son's worth is trillions, which is more than the family's rich, he is willing to take out 10 billion to burn, then let him burn.
...
then.
Over the next few months, Zhou Ming, a high-priced purchase of a paper product printing organization, led the technical staff to develop a "money printing machine" for three months.
Solve the problem of anti-counterfeiting. The printed banknotes not only have beautiful materials and exquisite patterns, but also have waterproof characteristics and are not easy to be damaged. With the addition of several anti-counterfeiting labels such as watermarks, gold lines, and sun-rays, the possibility of counterfeiting in the short term is almost zero .
Hold it in your hand like a work of art.
Zhou Ming named this kind of paper money "Golden Yuan Notes".
A total of six denominations of 10 yuan, 20 yuan, 50 yuan, 100 yuan, 500 yuan, and 1,000 yuan have been set (large denominations of 5,000 yuan and 10,000 yuan, printing is not considered for the time being).
And linked to spiritual coins, how many yuan's face value corresponds to the purchasing power of spiritual coins.
After the printing of banknotes with a total amount of 10 billion yuan was completed, Zhou Ming put them into Aoqing City and began to conduct market circulation experiments.
In the first few days, people had the same idea as Bai Xutang, who doubted the value of paper money, few people dared to use it, and few businessmen dared to collect it.
Zhou Ming did the work of a group of merchants, and took them to look at the treasure house of the Xingqingcheng money bank. The tens of billions worth of coins and treasures indicated that the credit of the Xuanqingcheng gold round coupon was built on these treasures.
The businessman expressed his willingness to accept the paper money, and in the business dealings with the Bai family, he quickly realized the convenience brought by the paper money. He was full of praise and the merchants began to generally accept it.
Businessmen accept paper money, and ordinary people dare to use it. From the beginning, the small denominations of 10 yuan, 20 yuan, and 50 yuan were carefully used. After experiencing convenience, they began to exchange money for 100 yuan, 500 yuan, and 1,000 yuan. And one exchange is tens of thousands or hundreds of thousands of exchanges, and in just one week, all the 10 billion banknotes ~ EbookFREE.me ~ will be exchanged.
Zhou Ming et al. Did not expect that in ten days or so, ten billion yuan of coins will be exchanged out, used by ordinary businessmen, and even hoarded up. On the black market, they are sold at a ratio of 1.1: 1 and 1.2: 1. For those who want to change banknotes but can't change them.
The value of paper money actually exceeds its own denomination.
Banknotes have become popular in the market and have become status symbols.
Some people put two 1,000-dollar banknotes on their bodies, and when they pulled them out in front of everyone, the sound of envy sounded around them.
With a rare printed 1,000 yuan face value gold voucher, someone on the black market is willing to pay 5,000 yuan for purchase.
All kinds of grotesque phenomena, Bai Xutang looked dumbfounded and his chin fell to the ground.
Even somehow, he also likes to put a brand-new stack of thousands of yuan worth of gold vouchers in his pocket, which he deliberately or unconsciously pulled out in front of the guests.
Naturally, he has fully implemented currency and paper currency in Xuanqing City. He certainly has no opinions except for his full support.
So, within about half a year, Xuanqingcheng basically realized full paper currency.
What's amazing is that after the full circulation of the gold round coupons, because the announcement is also linked to the prices of basic living materials such as grain and meat, the inflation in Xuanqingcheng has been effectively controlled historically. Within.
With such a successful experience, how can other cities in Wancheng not learn?
So Zhou Ming's money printing machine, which priced at 200 million yuan, sold out the goods for a time, and backlogged thousands of orders.
Only one unit of the country placed an order for 300 units.
Zhou Ming made another small fortune.
And all kinds of paper money quickly entered thousands of households and hundreds of millions of families in Wancheng.
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