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"If the Jiaozi system is the first to reform, how sure are you to save the financial crisis?" Li Hu asked.

"I have absolute certainty." Fan Zhichang said with great certainty, "From the implementation of the Jiaozi system for more than 100 years, it has promoted the development of business and increased the commercial tax in the Song Dynasty every year. If Cai Jing's reform had not caused the Jiaozi system to suffer a heavy blow, it would be very difficult for us to promote this reform."

Fan Zhichang then talked about the disadvantages of the inability to unify the currency of the Song Dynasty. "Now the northern routes still use iron and copper coins, while the southern routes use Jiaozi, which is not conducive to the development of business. This time, we took advantage of the opportunity of financial system reform to unify the currency first, Shaanxi, Hedong, Sichuan, Shu, Jinghu, Jingxi and Guanluo all use Jiaozi."

"Can all the northern routes accept it smoothly?" Li Hu asked worriedly.

"The treasury has no money and cannot get real gold and silver. There is only this method." Yan Qing explained, "The most urgent task is to unify the currency. The court must immediately establish the highest "Jiaoziwu" in charge of Jiaozi, firmly follow the financial system formulated by the court, strictly implement the Jiaozi system, control the issuance of Jiaozi, manage the treasury, rebuild the value of Jiaozi, and restore the people's confidence in Jiaozi, so as to support the support.

Maintain the great cause of economic recovery and unification.”

"In the fastest time, establish branches of the Supreme Jiaoziwu in various places, rectify Jiaozipu in Sichuan and Shu, and establish Jiaozipu in Shaanxi, Hedong, Yunzhong and other places, and quickly launch various businesses." Fan Zhichang continued, "Breaking the regional monopoly of Jiaozipu, Jiaozipu in Sichuan, Jinghu, Jinghu, Jingluo, and Guanluo, can carry out business in various places and compete fairly. Expand the business scope of Jiaozipu and allow Jiaozipu to expand more businesses under the monitoring of the Supreme Jiaozifu, so as to promote the rapid development of industry and commerce and all walks of life."

Li Hu, Dong Xiaochou, and Luo Qinghan looked at each other and felt a little guilty. Cai Jing had already done this kind of thing once. In order to plunder wealth, Cai Jing sent money to induce money, which led to a huge depreciation of money. The treasury became rich, but merchants and people went bankrupt one after another, causing the economy to be severely damaged, and there is no sign of recovery yet.

"Now the treasury has no money, where does the reserve fund come from?" Dong Xiaochou said, "This spring war, and the relief invested in the Yellow River dam, have consumed most of the money we plundered from Bianjing, Daming Prefecture, Yingtian Prefecture and Jingji. In addition, moving the capital requires money, rebuilding the imperial court and local government offices, and expanding the Kyoto. This time the royal family consumed a lot. In addition, deducting daily expenses, the treasury has basically been

The passage is empty.”

"Why did I ask you to come back?" Li Hu pointed at Yan Qing and said, "I have no money anymore, so I repeatedly urged you to go to Chang'an. I just want to borrow money from you and the wealthy merchants and wealthy merchants from all over the country."

"The sooner the Western Expedition, the better." Luo Qinghan continued, "The Yuan and Qi of the Dangxiang people has not yet recovered. After this great defeat, the Jurchens will need time to rest. Even if the rebels in the southeast expand their army, they will not have the strength to attack us for the time being. Therefore, the best time for us to pacify the Western Xia is the next year. A year later, the Jurchens will definitely make a comeback, and the strength of the rebels in the southeast will increase, and they will definitely join forces with the Jurchens to attack. The Dangxiang people will gradually recover. We are attacked on three sides, and the situation is very bad. Therefore, we urgently need money, food and weapons to start the third Western Expedition."

"The reserve fund does not need to be issued by the court." Fan Zhichang hurriedly said, "The official has not intervened in the operation of Jiaozipu. All Jiaozipus are jointly operated by merchants from all walks of life. For example, Jiaozipu on Chengdu Fu Road is jointly operated by sixteen wealthy businessmen. Sichuan, Jinghu, Jingxi and Guanluo have twelve Jiaozipus, and there are more than 200 wealthy businessmen jointly operated. Jiaozifu of the court is responsible for the annual issuance of Jiaozi. These Jiaozis are divided into each Jiaozipu, and each Jiaozipu takes out reserves according to the issuance. The ratio of issuance to reserve funds is about three to one.

”

"Cai Jing's Jiaozi reform has caused Jiaozipus in various places to suffer heavy losses. Jiaozipu and its merchants' property has suffered varying degrees of losses. In order to revitalize Jiaozipu and quickly reverse the financial crisis, Jiaozipus from Sichuan and Shu Road intends to merge." Fan Zhichang glanced at Yan Qing and continued, "Jinghu and Jiaozipus in Jingxi and Jingxi also have the same idea. Currently, there are twelve Jiaozipus in various places. If they merge into six, and then bring together wealthy businessmen in Shaanxi and Hedong who are interested in joining Jiaozibus' business, the number of joint operators in each Jiaozipu will increase, so that their strength will be stronger and the reserves will not be a problem."

=

Fan Zhichang then described the Jiaozi system and the situation after Jiaozi Shop returned to normal.

When the court stabilized, Jiaozi returned to normal value, Jiaozipu became stronger, and the people's confidence was restored. Merchants and other industry operators would re-cooperate with Jiaozipu, so that trade began to resume, and operators in other industries also began to resume production or expand reproduction. The economy gradually recovered and the finance gradually improved.

Jiaozi Shop is normal, the business volume is large, the money entering and leaving the shop

With more, you can then start lending, investment and other businesses, which can further promote the development of trade and other industries, so the entire economy is revitalized. The economy is booming, and taxes are of course rising steadily, so the fiscal crisis is reversed and gradually improved.

Everything Fan Zhichang described is beautiful, but it takes time. The people's confidence in Jiaozi takes time, and the economic recovery takes time, and all of this requires the national strength to ensure the strength of the country. The most intuitive thing about national strength is force. The army is strong, and it wins repeatedly and constantly expands its territory. Then the people will naturally have confidence and economic recovery will naturally be fast. However, expanding territory requires money, and economic recovery requires a lot of money. Without money, it is absolutely impossible.

Jiaozi is a currency, and what supports Jiaozi is wealth. Real wealth includes food, silk, etc. Without these real wealth, not to mention Jiaozi, even real gold and silver are useless. The army needs food and weapons to fight, and it is impossible to fight with gold, silver and jewelry.

Luo Qinghan once again asked Fan Zhichang and Yan Qing if there was any money and food to help the court carry out the Western Expedition immediately.

"There must be money and food." Fan Zhichang hesitated for a long time, but could not help but say, "But the court must

Measures that are conducive to the development of industry and commerce must be taken in policy reform, especially in financial systems, and implemented, and must ensure their long-term and sustainability."

"Don't be scared by the Prime Minister." Luo Qinghan sneered, "I just said that the General Commander and us, including the entire Tiger and Lieutenant Army, are determined to stand on your side, and no one can hinder the change."

Yan Qing immediately said: "Ship Luo, when the three points are in the lower today, no one can predict the future situation. But if we want to give confidence to the wealthy merchants and wealthy business in various places, the general manager must first be regent and monopolize the power. Then the court must exchange future interests for the money and food in their hands. Otherwise, in the short term, we will not be able to gain their trust, let alone raise money and food."

Luo Qinghan's face looked a little ugly.

Yan Qing smiled bitterly, "The looting can be done in Bianjing, Daming Prefecture, and Yingtian Prefecture, but if we want to unify Zhongtu, we cannot do it for a long time. If we do it again, all the wealthy merchants and wealthy people from all over the country will run away, go bankrupt or even be killed. Then we will be exhausted and fishing, and we can only rescue and cannot solve the fundamental problem. In the long run, we should work closely with them while threatening them by force. This is the most correct way. Both sides benefit each other

Hui, they got money, we unified Middle Earth, and in comparison, we gained more benefits."

Li Hu and Dong Xiaohou fell into deep thought.

=

After seeing off Fan Zhichang and Yan Qing, Li Hu urgently summoned Huang She, Chai Yun, Huo Liuge, Mao Jun, Gao Baolong, Hou Guai, Zhang Gaoer and others to discuss again.

Lee Hu decided to regent on his own.

The consequence of the regent alone is that there may be rebellions everywhere, and the most likely places where the rebellion breaks out are Jinghu and Jingxi. After all, those two places are closely connected with the rebellion territory of the southeast. Local officials can quickly get the support of the rebellion in the southeast after the rebellion. If it really doesn't work, they can also quickly escape to the southeast. As for the northwest, because it is too barren and insufficient money and food, Dangxiang and Tubo are both enemies and it is difficult to support it after the rebellion. As long as Li Hu does not usurp the usurpation, Wang Yuan, Liu Guangshi and others will not turn against each other immediately.

After discussing with everyone, Li Hu decided that after attending the new emperor's ascension ceremony, Mao's army would immediately return to Xiangyang and prepare to quell the rebellion with Zhang Guanyu, Ying Qin, Li Jiong and others. At the request of Mao's army,

Li Hu ordered the transfer from Datong to high the Yuan, Wu Chitian and Yun Haijun arrived in Xiangyang, and immediately built a navy army, and prepared to go south to attack the southeast.

The Northwest Army made a major adjustment. Yang Keshi was transferred to the Northwest Governor, in charge of the Northwest military. Yang Zhi was transferred to Huanqing Road and served as the Huanqing Road strategic pacifier. Yang Ling was transferred to Jingyuan Road and served as the Jingyuan Road strategic pacifier. Wang Yuan, Wang? and Zhao Ming were transferred to the Central Plains battlefield.

=

That night, Lee Ho announced his decision to be regent on his own in the convention hall.

In order to further control the Eastern Prefecture and weaken the power of the prime minister, the prime minister no longer served as the minister of the two provinces. Under the disciples, the minister of the Central Secretariat, the minister of the Left and the right prime minister were the deputy prime ministers. The minister of the Communist Party of China was the deputy prime minister. Chai Yun, Li Fu, Zhao Mingcheng, and Huo Liuge served as the minister of the Communist Party of China, and Fan Zhichang served as the minister of the Hanlin Scholar and the minister of the Central Secretariat.

In this way, there were seven prime ministers in the East Prefecture, four prime ministers in the West Prefecture, and Li Hu, there were twelve prime ministers in total.

Prime Minister Li Gang had no choice but to accept this fact.

=

On June 12, the new emperor ascended the throne.

An imperial edict was issued to the world and a general amnesty.

On the same day, the new emperor issued an edict to the Grand Marshal of the World, Li Hu, the King of Han, to assist the new emperor.

On the same day, Li Hu issued an order in the name of the emperor to establish the country and implement reforms.

Establish the "Regulations Department of the Three Divisions" as a guiding body for reform.

Establish the "Drinking Yellow River Department" to be responsible for the management of the Yellow River.

Establish the "Tiju City Yisi" as the management agency of the national municipal Yisi.

Establish a "detailed definition of the interests and interests of business owners" to determine the interests of various businesses.

Other reform measures such as finance will be implemented by the government office.

Many of the above institutions were imitating Wang Anshi's reforms, with the purpose of implementing reform measures and implementing the reforms with special institutions. In addition, they also further differentiate the power of the East Government to ensure the smooth implementation of the reforms.
Chapter completed!