Xinshun 1730

Chapter 510 The Way of the Sage

The 18th century was a century of crazy investment.

Businessmen always have a special sense of smell and sensitivity to this kind of speculation or investment, just like a dog can always find out where the toilet is.

Businessmen all have the same economic base and have their own class consciousness, which is similar between the East and the West.

Historically, people thought that the first speculative bubble on the Chinese side was the Changchun Clivia incident in the 90s, which was almost similar to the Amsterdam tulip incident 400 years ago.

But in fact, the most famous speculative bubble in China in history was the rubber speculative incident in the late Qing Dynasty, which completely ruined the Qing Dynasty.The road protection movement was initiated because some people used the funds raised by the Sichuan-Han Railway to speculate on the hottest rubber in 1910. They felt that they made money by speculating on rubber with the funds raised, and they took the profits themselves and returned the principal.As a result, it exploded, and in the end the road protection movement wiped out Manqing.

Back then, when rubber was hot, no matter whether it was a car or a steam engine, it was inseparable from rubber.There are companies that specialize in hype, claiming that the 20th century is the century of rubber.Someone took 300 million taels of fund-raising funds to invest in rubber, thinking that 300 million taels would become 600 million in a few days, return the 300 million fund-raising funds, pay a fine of 300 silver dollars, and keep [-] million for themselves, wouldn't it? Beautiful?

then……

Today there are tulip bubbles, South Sea Company bubbles, and Mississippi bubbles in the West. Regardless of whether it is the South Sea Company or the Mississippi bubble, the routine is the same: drumming to spread flowers.

The shares of the Mississippi company issued at 500 francs rose from 500 livres to [-] within a year. The biggest shot in the arm was the "bright future" similar to Liu Yu and these wealthy businessmen.

At that time, in order to show this bright future, the French government not only created a human-powered PPT like Liu Yu, but also hired homeless people in Paris to go around the port every day, and enter the city from other places the next day, pretending to be Mississippi The gold mines in China are so short of people that countless people go there to pan for gold every day.

And Liu Yu didn't need to engage in this kind of form. The merchants in Dashun had always had a contradictory attitude towards the imperial court. They hoped that the imperial court would not care about anything, and they believed deeply in what the imperial court endorsed.

This kind of trust in the unified imperial court saved Liu Yu from learning from the French and hiring a group of vagrants to pretend that there was a shortage of people there, so that there was an endless stream every day.

It's just that Liu Yu doesn't admit that this is a way of spreading flowers by drumming. In fact, he is very conservative in economic policy.

Because the real example is right there.Once the bubble of the South Sea Company exploded, the UK was so frightened that it was not allowed to form a joint-stock company for nearly 200 years, for fear that this kind of drumming and passing on of stocks that would lose everything in Newton Pit would ruin the British economy.

Putting it on Dashun's side, it is even more conceivable.

Once any stock bubble explodes, the consequences will be a full-scale reaction and fear of the imperial court. I can't wait to get rid of this new thing.

That's why Liu Yu didn't wantonly fool around with the gold mines in Ezo, the Mississippi bubble in France, the South Sea bubble in England and the Netherlands, "Jewels" came first.If it's really fooling around, the stock price of the French Mississippi company can rise 20 times, and Dashun's 10 times is still no problem.

But he still came up with a more realistic set of plans.

However, many people still have doubts about such half-flickering, half-true words.

"Jinghou, according to what you said, this is a guaranteed profit and no loss. If the imperial court knows that the guaranteed profit will not be lost, why doesn't the household government invest money?"

"I do know that the capital's Xungui's family and internal funds have also invested money. But if the profit is stable and the money is not lost, why didn't the court invest?"

The person who asked this question was a middle-aged businessman in his 30s.

This is not just his problem, but also the doubts and doubts in the hearts of many people present.

The merchants' attitudes towards the court were very contradictory, but in fact they knew in their hearts that seeing the money was like a fly seeing blood.

This is not to slander the court, but to praise the court.A dynasty that is unable to collect 4000 to [-] million taels from the central government means that the first tax is light, the second tax is heavy, and the third tax is a bottomless pit.

Just like the previous dynasty, it is analogous to Huolu County on the Dashun side.

Theoretically, the previous dynasty really charged one tax per 0.035 yuan, and theoretically only charged a regular tax of [-] shi for one mu of land.

Just like Liu Yu's impressive mu tax, which is accurate to 17 decimal places, Huolu County has 13 mu of land, and Dashun will charge 2 taels of silver after apportioning the per capita tax.

In the previous dynasty, it was counted as one tael of silver for one stone of grain. In theory, Hulu County only needed to collect a mu tax of 4000 taels of silver, plus a head tax of 3000 taels of silver, which was one-third of Dashun's.

But in addition to the regular tax, labor, miscellaneous taxes, apportionment... This is a bottomless number.So it looks really good on the books, [-] tax one, really benevolent government.

However, it is like repairing the Yellow River embankment, should it be repaired?
If you don’t fix it, do it instead.

Xiu, either arrest people to serve in corvée, or spend money to hire people.Theoretically, there is another option, that is to overwhelm the organization and encourage the people to conquer the sky for future generations, but in this era, the third option is out of the question.

It is precisely because of the understanding of the Dashun court that the businessman asked this crucial question,

Don't look at the hype.

Just one question, is there any silver in the household government's treasury?

If there is, it is safe to make money without losing money. Why doesn't the household government invest money in it?

After the Song Dynasty, Wang Xianggong practiced the Young Crop Law, and used the assets of the treasury and Changping warehouse to lend to foreign countries, which was only half of the profit.

Now Liu Yu is bluffing and saying that the return rate is 30%, which is more than Wang Jinggong's young crop method.

That being the case, the imperial court did not completely negate Wang Jinggong's law in the good family, so why didn't the imperial court use the money from the treasury to invest?

The Green Crop Law claims that the state lends money, but it is only half the profit. What is the annual rate of return?
Is the imperial court affirming or denying Wang Jinggong?
The official ideology of the imperial court was not mentioned, and there was no debate.

But judging from the matter of Liangjiazi's restoration of the Sanshefa, at least it is not negative.

According to Liu Yu, the development of Yezo is a 30% rate of return. Even Wang Anshi can be sure of the court. Why not just invest money to make a profit?

Is the court short of money?
lack.

Does the court want silver?
miss you.

That being the case, the court did not invest money, and Liu Yu said it so attractively, after all, some people began to doubt it.

In fact, this question still has a level.

Will the money from Xungui and the inner money be returned in full after the money is raised in the future, and the remaining money will be divided between [-] and [-]?

Although Liu Yu had thought about the contradictory mentality of the merchants in Dashun towards the court, he really didn't expect that someone would be so courageous to directly speak out about this crucial issue.

In fact, there are disputes within the imperial court. Whether the treasury should be invested or not is not just a legal issue that is debated by the imperial court.
It is still a very real problem. From the emperor to the officials who were qualified to eat at the banquet a few days ago, they all know that the court invested money, even if it made money, it had to lose its underwear.This has nothing to do with making money in theory, but only with the administration of officials.

Liu Yu knew that this was something that many people were muttering about, so he didn't remain silent at all, and said with a smile, "That's right, don't compete with the people for profit."

""Tao De" said: The way of heaven is beneficial but not harmful; the way of sages is to do without fighting."

"This dynasty has its own system, which is based on the overlord's way, not purely moral education and Zhou politics. It is not all Huang Lao, nor is it all overbearing, and it is not all virtues to teach Zhou politics."

"You think that the imperial court exists only to collect taxes. In fact, it's just the Western Regions. The court and China have long debated whether to give up the Western Regions?"

"It costs money, and there is no profit, so the court won't invest money?"

"You talk about profit, and the imperial court has its own ideas, so how can it be mere money?"

"The land of Ezo belongs to me. If there are many Han people, the sea of ​​whales will be stable. Neither the Japanese nor the Rakshasa can touch them."

"The land of Ezo belongs to him. Whether it is a Rakshasa or a Japanese, there will never be peace around the Whale Sea."

"The ancients said: Courtesy is not inferior to ordinary people."

"Actually, another explanation is to talk about people when you see people, and talk nonsense when you see ghosts. When you meet a gentleman, you talk about justice; when you meet a businessman, you talk about profit."

"As far as the imperial court is concerned, what the imperial court has obtained is a land full of Han people, which lies between the Japanese and the Rakshasa, making it impossible for them to connect. As long as the imperial court is in the hands of the imperial court, the surrounding area of ​​Jinghai is the imperial court's."

"As you all know, I started at Yongning Temple in Jinghai. The battle against Rakshasa in the past was only a battle of ten thousand people, and it cost the treasury more than four or five million taels."

"With Xizou in hand, the imperial court seems to have made no money, but in the future, it will no longer spend millions of military expenditures. For the imperial court, if it doesn't lose, it means earning."

"And the courtesy is not inferior to the common people. You merchants are only seeking profit. Since you are seeking profit, you must talk about profit."

"I just want to ask, if the imperial court holds the controlling stake and the household government invests, do you really dare to invest money?"

(End of this chapter)