"I've seen Xiangbang." In the open Jinxingmingtang, Yu Wan greeted Zhao Liang, Zhao Jin bowed and asked the two of them to sit down. He pointed to the crowd lined up outside and said, "There are a hasty few days, and the silver and money will be exchanged to Xiangbang's government in Pingdan..."

The gold shop is not a palace, without a platform, but decoration is better than the palace. If the gold shop does not show luxury, how can merchants feel at ease to save money? Lu Li uses windows, pave the floor with celadon, cast gold cups, and make silver cups. He has never seen people on the market, and will be stunned as soon as he comes in.

Of course, Zhao Liang would not be suppressed. He suppressed his anger and said, "Sir, a pound of silver is worth 24,000 to me, Zhao's money is worth 24,000!"

"The words of Xiangbang are not bad. Silver is not money, silver is goods. The noble merchants sent Zhao money to buy silver when they are despised. If the price is high, they will not buy it. If the price is low, they will be in a market. How can Xiangbang say that he is despised and exchanged prices too much?" Yu Wan smiled. Before Zhao Liang refuted, his voice suddenly increased, saying, "The price of Zhao's country is too low. Now, 480 coins are used to get a stone of mixed millet, 650 coins are placed in a piece of linen, and 24,000 silver is used to exchange silver for 20,000 yuan. How can I get it?"

"Da Miu!" Zhao Jin angrily rebuked, "The official price of millet is only more than 80 yuan..."

"Can you buy stone millet for more than eighty coins?" Yu Wan's voice was even louder than Zhao Jin. "Do you dare to ask if the food is more than eighty coins of official price of grain?"

Yu Wan's question stunned Zhao Jin. He really didn't know how much the grain he ate in his mansion cost. Yu Wan continued: "Silver is goods, and the price is high and the price is low and noble merchants have their own qualities. Why do you need Xiangbang to come and ask about the price of silver? I think that instead of buying 10,000 goods in the market, it is better to exchange it for silver coins and store it at home. Although the price of such goods is high, it should not rise sharply. If you sit in a business, you will not be willing to sell it. If the merchants do not hoard it, it will be of great benefit to Zhao State."

"It's even more profitable for the four countries' gold shops!" Zhao Jin refuted again. "Today, you are worthy of my Zhao money and sold it ten times, but in the future, our Zhao country will buy back the Zhao money at the price of currency. The profit here will be ten times more!"

"However, when can Zhao State take back Zhao's money for the price?" Yu Wan immediately asked. "Please tell Yu Yu Wan, Yu Wan thank you."

Yu Wan blocked Zhao Jin's mouth again. A tenfold profit would be of course a huge profit in a year, but if you only need tenfold profits in twenty years, you will lose money. If Zhao State is really destroyed by Qin State, it would be a loss. The four countries' gold stores could only collect a warehouse of rough copper in the end.

"In order to save Zhao, Qi and Chu set up gold stores in four countries, and lost to Zhao's country to gold and silver. The price of Zhao's country is so low. There are 24,000 yuan per pound of silver and 20,000 yuan. What can I do? If the generals think that the price of money is too low, they can tell the people of Zhao that they are not worthy of the money?" Yu Wan blocked Zhao Jin's mouth and bowed to Zhao Liang again.

At this time, Zhao Liang had already realized that he would not only lose money for Zhao, but even if the country of Zhao is still there, it will take at least twenty or thirty years to recover the money. It will take only ten times the profit in twenty or thirty years. There is really nothing to complain about.

"Zhao Liang blamed Mr. Zhao Liang wrongly." Zhao Liang stood up and bowed deeply to Yu Wan, as an apology.

"Xiangbang is worried about Zhao State, what's wrong with that?" Yu Wan quickly stood up and returned the gift.

"Sir, since you exchange Zhao's money, the price of goods is still high?" The atmosphere in the Mingtang became harmonious, and Zhao Liang was concerned about the price of money and prices.

"Yes." Yu Wan nodded. "The gold store only enters gold and silver instead of ten thousand goods. If the money is too much, the price is still high."

"This..." Zhao Liang didn't understand anything. He was not a wise man, and he didn't understand the wise man.

"The exchange of money is not to reduce the price of ten thousand goods, but to stabilize the price of ten thousand goods." Yu Wan explained. "In the past, the price of Zhao State was unstable, so who dared to sell goods to Zhao? There is no profit, so that merchants will not come. If merchants do not come, the price of goods will be more expensive; if goods are more expensive, the more coins are more minted; if money is more unstable, and merchants will not come..."

Yu Wan described a worse and worse cycle to Zhao Liang, which is the Zhao economy during the war, and this economy is gradually ineffective. What the gold bank is doing now is to stop the trend of deterioration and turn the negative cycle into a positive cycle. The price of money is stable, long-distance trafficking is profitable, and high prices attract merchants to rack their brains to transport goods, and prices gradually fall.

"However, the price of money is so low, how can the court buy goods sold by merchants?" Zhao Jin was disappointed. He still had an objection to the Jinxing Store, especially the Qianfu family could no longer mint coins, and all models of minting were moved away and seized by the Jinxing Store.

"Of course, it's borrowing." Yu Wan replied. "I think the nobles and merchants in Zhao State are all rich, so why don't you borrow money from them?"

Yu Wan's words finally reminded Zhao Liang of Ge De's report, who once mentioned the bonds. Zhao Jinze said: "The gold of Zhao State is owned by Zhao State, why should we borrow it?"

"According to the new Zhao Lu, if it is not his wish, the private property cannot be forced to be requisitioned." Yu Wan raised the latest modification of Zhao Lu. "However, if it falls into the hands of the Qin people, if it is not private property, there will be no life. Why don't the person borrow it? Since he is willing to borrow it, why should he force it? Just sell the bonds."

"How much money should I get when I sell the bonds?" Zhao Liang understood Yu Wan's meaning. Issuing bonds was to tie all the nobles and Zhao State together. If Zhao State really died, the money lent out would definitely not be paid back.

"15%." Yu Wan replied. This was the annual interest on the national debt set by Xiong Jing back then.

"15% per year?" Zhao Liang asked again. If it was an annual rate, it was not high.

"That's right." Yu Wandao. "The State of Zhao can borrow from noble merchants in China, or from Wei, Qi, and Chu. However, the relatives and distant countries are different, and the bonds sold may need to be discounted, which are all determined by the bond market."

"Debt... market, there are markets for debt?" Zhao Liang asked suspiciously.

"Of course." Yu Wan nodded, saying that it was true. "The four countries will have bond markets next year. Bonds can be sold in bond markets. Those with higher prices will get. If the price is high, the Zhao State will get more gold, the Zhao State will get less gold."

The consultation between the four countries in Linzi is essentially discussing the construction of the economic system of the four countries. When banks have them, the bond market must have them. With the bond market, the simple loans of various countries can absorb more funds by buying bonds freely. At the same time, as the Xinling Jun Wei Jianyou proposed, borrowing can tie the Qi State that has not yet participated in the war, and can tie the Wei State, as well as all the nobles, merchants, and even all the constant-profits in the world.

For the six Kanto countries where "people are evil in nature, and those who are good are false", the requisition of the court will only allow them to bury gold and silver - they know their kings too well what virtues are. But if they are asked to lend gold and silver with appropriate interests, guarantee return, and even grant special titles to improve their existing social status, they may not be unwilling to do so.

Zhao Liang didn't understand anymore, but Zhao Jin asked, "If the money sold is not enough, what?"

"The gold sold is not enough, and the gold shops of the four countries can borrow it from Zhao." Yu Wan replied. "However, the gold borrowed must be supervised."

"Oh." Zhao Liang said oh. He remembered what Ge De said. The King of Chu only believed in Pingjun and Wu'an Hou, and the rest did not believe it.

"The transportation of 10,000 goods depends on the sea boats of Chu." Since Zhao Liang came, Yu Wan would not hide it when it comes to this. "The sea boats of Chu can transport corn, weapons, arrows, and cloth, but the sea boats need big seals..."

"The pillars and beams of my palaces have been removed, and the mountains have also been cut down." Zhao Liang explained. "Most carpenters in the country have also gone to Chu to build sea boats."

Seeing that Zhao Liang knew the importance of the sea boat, Yu Wan said further, and said, "Since this is the case, what about Zhao State? It's all about Zhao people."

"So it should be." Zhao Liang agreed deeply. Fighting requires food and fodder, military armor, and supplies. Although it takes time to solve these things, you have to rely on the generals and soldiers of Zhao. If the war is won, everything is easy to say, but if the war is lost, no matter how much food and fodder, no matter how good the military armor, or enough supplies are, it will be useless.

He suddenly thought of Li Mu. According to time, it was time for Li Mu to attack.

*

The morning north of the September River was extremely cold. On the dead grass covered by white frost, even if the sun rose high, the frost flowers still did not melt away. The wide pavement of Qin infantry trampled on the frost ground, leaving dirty and messy footprints. This was the Qin army heading south to attack Fengsi and other towns. Yesterday, he received a report that the camp was attacked, and General Meng Wu had to withdraw his troops and return to the rescue.

Two years after the attack on Zhao, there were no crops in the fields. The Qin army could not get the food from the enemy because of the food, so they could only transport it from the west of the Taihang Mountains daily. Moreover, the weather was getting colder and colder, and all the soldiers were in Daying, and Daying was definitely not lost.

"Report——! The Zhao army has been lined up fifteen miles away." The cavalry rushed over and brought unexpected news.

"Report——! The Zhao army has been lined up fifteen miles away..." A quarter of an hour later, several more cavalry were repelling the cavalry, and the leader was a cavalry general.

"How about Yi'an? What about the camp?" Meng Wu was not worried about Zhao's army, but only worried about the camp. Seeing that the scout wanted to speak, he had to lower his face and said, "I am not guilty if I say it for nothing."

"Report to the general, the last general was driven back by Zhao Qi before he arrived at the camp." The cavalry general cried with a sad face, "A general only saw the fireworks of the camp soaring into the sky, and he could still hear the sound of the drums of the building, but he didn't know, he didn't know..."

"Fireworks soar into the sky?" Meng Wu felt a little disappointed when he heard this, but he could not understand the full situation of the battlefield. He fought with the Zhao army in field, especially in plains rather than hilly areas like Shangdang. The Zhao army cavalry with superior cavalry often could block the Qin army's cavalry, especially the Zhao cavalry equipped with the Chu army's armored blades.

"The camp is in danger!" Feng Qiji said horrified. "Since the Zhao people attacked our camp, there were not many soldiers fighting in the field."

"Please give orders to destroy this court food and rescue the camp." After entering Zhao, everyone was defeated. Zhao general Li Mu was a brave man, and the generals wanted him to go out to the camp and fight.

"No, I'll explore again." Meng Wu ordered, "I ordered all scouts in the army to go to the camp."

Meng Wu was cautious and ordered the entire army to leave the camp and ordered the soldiers to sit and rest and eat the food while taking advantage of the gap. Unfortunately, the news brought back by the entire army was still the same, and the sound of drums was gone from the camp.
Chapter completed!