I was pulling trees in Daming, and Lao Zhu begged me to come out of retirement

Chapter 141 The market collapsed, Yuan and Song... were all over
Mr. Liu has been feeling very happy lately.
He bought a batch of raw silk at 300 taels, and now its price has more than increased fivefold.

You know, that was the wealth accumulated by their ancestors for generations, and now in their hands they have successfully increased it by more than 3 or 4 times in just less than 5 years.

His ancestors had put in hundreds of years of hard work, and he had successfully multiplied the amount several times in just three years. He felt that even a hundred years later, he would be able to bring honor to his family in the underworld.

Now, apart from urging the silkworm farmers to help him reel silk, his daily job is to go to the Sun and Moon Trading Company to see how much his worth has skyrocketed.

It feels so good for people like this to just sit at home and have money fall from the sky.

As a landlord, he could also feel the joy of making money.

Now he can go out and have all kinds of food, drink and fun with just a few strands of raw silk. He feels that his life has reached its peak.

He has been staying in Huanchun Building for a week. If his kidneys were not a little weak, he would have wanted to open a monthly card there.

But today seems to be a little different.
As soon as I arrived at the street near the Sun and Moon Trading Company, I found a crowd of people in front of the store.

Mr. Liu felt a little strange.
Although there are quite a few people here on ordinary days, they have never been as concentrated as they are today.

At this moment, the landlord Ma, who was frying raw silk with him, passed by him with a look of grief, and the anxious look on his face could not be concealed at all.

Mr. Liu looked at the landlord with a strange look on his face and asked in confusion:

"Old Ma, why are you so anxious? What happened at home?"

Old Ma looked at Mr. Liu with a strange expression, as if he were a mentally retarded person, and asked:
"You do not know?"

Mr. Liu asked with a bewildered expression:

"Know what? I've been staying at Huanchun Tower for the past two days. I booked it for seven days and just came out."

Old Ma looked at Mr. Liu as if he were a big fool and said sympathetically:
"I advise you to go and have a look, something serious has happened!"

Mr. Liu asked anxiously:

"What's going on?"

Landlord Ma shook his head with a gloomy expression and said:
"Some merchants who went to the wilderness to trade have returned. The people there did spend money like water because of a great plague, but it is nonsense to say that they can sell raw silk for more than 1200 taels of gold. The merchants who came back said that the price of silk there is indeed high, even comparable to the same weight of gold."

"But even so, a load of silk is worth no more than 120 taels of gold, which would not be more than 500 taels of silver! It's silk! Not raw silk!"

It takes more than one process to turn raw silk into silk.

In other words, the actual gross profit of a load of raw silk may be less than 2 or 300 taels.

Nowadays, the price of raw silk listed by the business is even more than 1300 taels. It can be said that if these raw silks are sold normally, they can only make a maximum of 400 taels of profit.

Each load of raw silk would cause these silk merchants to lose nearly 900 taels...

Mr. Liu was completely stunned after hearing this. You know, he had invested almost all his family assets in purchasing raw silk.

Some purchase prices even exceeded one thousand taels per dan. If raw silk became worthless, he would probably be back to the time before liberation in an instant.

"Then hurry up! Put up the sign and sell the raw silk!"

Mr. Liu rushed to the Sun Moon Commercial Company in a panic, "A week ago, the price of raw silk was more than 1200 taels per load."

But Landlord Ma shook his head sympathetically.
"If it was a week ago, you might have been able to sell a few certificates of deposit, but now forget it."

"This week, a large amount of raw silk suddenly flooded into the market, filling up all the purchase orders on the market. Now that the news of the price of raw silk has come out, no one is buying raw silk anymore, but instead desperately selling it." Mr. Liu looked at the crowd of people tremblingly, and his eyes felt black:

"Impossible, this is impossible. I sold it to Sun Moon Trading Company. Now I will sell it to them no matter what the price is."

Landlord Ma looked at Mr. Liu as if he were a mentally retarded person and said:
"When did you think Sun Moon Trading Company started collecting raw silk?"

Mr. Liu took out a stack of savings certificates he had brought with him and said excitedly:

"Aren't these the deposit receipts that Sun Moon Trading Company issued to us?"

Landlord Ma showed a look of contempt on his face and said:

"The Sun Moon Company has always been just a platform for selling trading information and a warehouse responsible for helping you store raw silk. These are deposit certificates in your hands. You can use them to exchange them for raw silk at the Sun Moon Company, but not for silver."

"Before, you were able to exchange money at any time because merchants from other places put up bids to buy raw silk, and Sun Moon Trading Company acted as a transit point and sold it directly for you."

"But now there is no sign in the Sun Moon Company that buys raw silk. The whole place is full of signs that sell raw silk. It would be strange if you could sell the raw silk you have."

Mr. Liu only felt his hands and feet were cold. He squeezed into the crowd and looked around blankly.
At this time, the sign was indeed filled with listings for raw silk for sale.

Some are 1100 taels, some are 800 taels, and the lowest is even 500 taels!
But even so, the price has been cut in half again and again, but not a single brand selling raw silk has been taken down.

The raw silk market...collapsed!
Mr. Liu's eyes went dark, and he fell backwards in a daze.
The surrounding merchants, landlords, and nobles had no intention of helping out. They just held up the deposit certificates in their hands with red eyes and shouted at the teller to list a lower price.

This scene took place in the Sun and Moon Trading Company in every state and county across China.

And just at this moment,

The Silk Industry Alliance under the Ministry of Commerce released a major news.
[Due to the influx of a large amount of silk into the European market, the trading volume of the Ming Dynasty caravan has dropped significantly, and the profits of silk trade have dropped significantly. The purchase price has to be lowered to 65 taels per dan. In addition, the five-year supply agreement signed previously is still valid. Any merchant who is willing to sell raw silk to the Ming Empire can contact the Sun and Moon Trading Company offline...blah blah...]

As soon as this news came out,
It was like a nuclear bomb that completely detonated the entire north.

The moats in various places were filled with merchants who jumped into the moats because of borrowing money to speculate in silk.

Emperor Shun of Yuan Dynasty and Liu Futong looked at the stacks of deposit slips in their hands that were like waste paper and screamed madly:
"Impossible! Absolutely impossible! How could this happen? What on earth went wrong? Where is my money? Where did it go?!"

Yingtian Prefecture, Daming Palace.

Zhu Yuanzhang looked at the space backpack that had been shipped back from various places with a mocking smile on his face.

"Of course the money is all mine."

Shen Wansan, who was standing below, felt his scalp tingling as he looked at Zhu Yuanzhang, who was smiling so brightly in the hall, and felt a chill in his heart.

What does it mean to turn your hand to make clouds and turn your hand to make rain! What does it mean to kill people invisibly!

He never thought that one day he would be able to reap the wealth of the entire China with just raw silk.

Now 8% of all the gold, silver and even copper coin reserves in China are in Zhu Yuanzhang's hands.

Apart from the worthless raw silk, the only thing circulating on the market was the new version of Ming treasure notes recently issued by Zhu Yuanzhang that were pegged to gold!

At this moment, Shen Wansan only had one thought in his mind.
The Yuan Dynasty and the Old Song Dynasty...are over!
　The raw silk is no longer sorted, I built another portal in the netherworld, damn, I won’t look for it anymore…

　　
　
(End of this chapter)