I'm only seven years old, Lao Zhu, you let me supervise the country?

Chapter 327 Allows local governments to issue bonds!Greatly prosper the world!

But again, Zhu Yunzhen only plans to take his time step by step.

Finance is an uncontrolled tiger.

Even Zhu Yunzhen could not predict what changes this tiger would have after being released to the Ming Dynasty.

But Zhu Yunzhen, who has learned from the experience of his previous life, knows.

Every step must be taken carefully!

Therefore, Zhu Yunxian still focuses on entities, and capital and financial tools are just a tool for Zhu Yunxian to leverage the wealth of Ming Dynasty.

After thinking about it for a while.

I saw Zhu Yunxuan saying: "I have thought for a long time and thought that today's Ming Dynasty only relies on the imperial court to build roads, water conservancy, and cities. It is too slow."

“In the past, the imperial court issued bonds and then released finances through the Ministry of Household Affairs of the Ming Dynasty, which was too backward.”

"Therefore, I plan to open up the right of local governments to issue bonds and allow local governments to issue bonds and use local revenue as collateral to issue local bonds for the construction of infrastructure!"

Zhu Yunxuan undoubtedly embarked on the path of future generations.

Allow local governments to issue bonds to build various basic buildings, so that each locality has money to build the water conservancy projects and transportation projects it needs.

There are also various houses, cities, schools, etc.

Solve various problems together.

Let every place have enough money to squander, but for the time being, Zhu Yunxuan will not allow these places to have too much right to issue bonds. There will definitely be a limit.

And Zhu Yunxuan had no intention of embarking on the path of making money by selling land.

Because it was just a helpless move.

Later generations sold land because of poor finances and no money at all. Not to mention the previous debts, they couldn't even get a little salary!
But in the Ming Dynasty, local governments were fully capable of paying off debts.

Because what Ming Dynasty is facing now is a vast and desolate market, waiting for the people of Ming Dynasty to explore.

As long as local governments are willing to support their own industries, they can harvest resources from all over the world.

Such a large amount of resources poured into Ming Dynasty, which naturally gave Ming Dynasty the ability to repay its debts without having to sell what it already owned in exchange for money.

Although this 'sale' is only the sale of the right to use it.

But Zhu Yunxuan had no intention of doing so, because it was just a helpless move.

But how can it be so easy to harvest the world's wealth?
In addition to abundant commodities, there must also be enough merchant ships. The most important thing is that the currencies of the two parties are different. How can the two parties trade?

These are all problems that Zhu Yunxuan needs to solve now and in the future.

"Let's retreat."

After Zhu Yunxuan announced this decree.

Directly announce his withdrawal from the DPRK.

He needs to think carefully about how Ming Dynasty's overseas trade will be conducted in the future, and also think about where his traitorous official is.

Not even a treacherous minister who charged into the battle could be found.

Then his grandson, the Supervisor, has failed too much!

…………

Royal study.

Zhu Yunxun was thinking hard, recalling the knowledge he had learned when he was studying.

If you want to develop overseas trade.

That must be inseparable from one thing, that is the exchange rate!
The ratio of one country's currency to another country's currency is the exchange rate.

And how is the exchange rate determined?In the beginning, the price was naturally based on the value of the goods. For example, a pound of grain is the same between two different countries.

But in the Ming Dynasty, a pound of grain was sold for only ten basic currency units.

In the Japanese country, one pound of grain was worth sixty basic currency units.

Then the currency exchange rate between the Ming Dynasty and the Japanese country was one to six.

One penny of Ming Dynasty paper money is equal to six penny of Japanese money.

Since then, the monetary purchasing power of Ming Dynasty banknotes has naturally been strong in Japan, and raw materials can be harvested in Japan at will.

But the current trading model between Ming Dynasty and Japan is not like this.

Because the current Ming Dynasty has completely opened the door to the Japanese market with guns and artillery, there is no normal transaction at all.They directly used goods to plunder the Japanese market like crazy.

And the methods were much more brutal and not as peaceful as imagined.

Therefore, there is basically no currency exchange. It is entirely the businessmen of the Ming Dynasty who are forcing the promotion of Ming Dynasty banknotes, and the Japanese currency is not used as the transaction currency at all.

Moreover, Japan is rich in silver mineral deposits.

Every household has a lot of silver, so the Japanese country does not use silver as currency.

In the Ming Dynasty, silver was scarce.

Therefore, silver is valuable and can be used as currency.

However, the merchants of the Ming Dynasty did not recognize the purchasing power of silver at all in Japan. Instead, they directly took it away as an ordinary mineral at the local price.

He changed hands and returned to the Ming Dynasty, and immediately made a fortune!
The silver collected from the hands of these Japanese people was actually more than the output of Iwami Yinshan in several years, which suddenly enriched the silver in the Ming Dynasty.

No more shortage of silver.

Every household began to hide silver, and the value of silver began to decline.

On the contrary, because of the increase in silver, the monetary value of the Ming Dynasty banknotes was anchored and the credit was greatly increased. In the minds of the people, the Ming Dynasty banknotes were equivalent to silver.

At least Zhu Yunzhen no longer has to worry about the Ming Dynasty treasure banknote being like a piece of waste paper in the eyes of the people.

"Today's Ming Dynasty still has a long way to go if it wants to truly develop overseas trade..."

Zhu Yunxi sighed.

It is impossible for every country to be like the Japanese country, using strong ships and cannons to open up the market.

We still need to rely more on capital and the monetary and financial system to control other countries.

Unknowingly, their wealth was robbed by the Ming Dynasty.

Used to enrich the foundation of Ming Dynasty.

But there is so much knowledge that needs to be supplemented, and even if Zhu Yunzhen teaches it step by step, it is difficult to teach it.

We can only let the merchants of Ming Dynasty explore it in practice.

Draw lessons learned.

At the same time, if Ming Dynasty wanted to develop, it had to put money into people's pockets with one hand, and directly empty their pockets with the other hand.

There are always new excitements and new desires emerging.

We cannot let the people of Ming Dynasty have too much idle money, they must circulate it.

This is why Zhu Yunzhen had to abolish Neo-Confucianism.

Because Neo-Confucianism's concept of "preserving natural principles and destroying human desires" is still affecting people's hearts hundreds of years later.

Subconsciously, there will always be a tendency to be conservative.

The distribution of money is extremely irrational, 90.00% of the property is in deposits.

The people of Ming Dynasty in Zhu Yunzhen's imagination not only need to have deposits, but also have their own assets and investments, which are divided into triangles.

Three legs.

Only in this way can the activity of the Ming Dynasty market be activated to the greatest extent.

Let the people of Ming Dynasty have more desire to harvest the whole world!
on the contrary.

If the people of the Ming Dynasty were all satisfied with this, they would lose their vitality and be unwilling to take risks at sea.

Sooner or later, Ming Dynasty will become rigid and corrupt.

Therefore, defeat is only a matter of time.

Zhu Yunzhen didn't want to see such an ending.

"The only thing I can do is to work hard on myself and compile this knowledge as soon as possible."

"Let the people of the world know."

Zhu Yunxi sighed.

Unexpectedly, not only did he fail to suffer the people, but he also suffered himself!

(End of this chapter)