C3086 Credit will never fail (1/2)

Yan Guan had left behind his mark, the ground was drenched in water, any actions taken in the market would have their own traces, so Xiao Letian's random issue of paper money could not be reflected in the market without any fluctuations.

Take the Jiangnan region for example. The price had more than doubled from three years ago. Although the development of the business had greatly increased the income of the people, the increase in the price had also caused a lot of complaints.

Fortunately, the price of food had not increased in the past three years. This made the citizens very satisfied.

Unfortunately, food prices have always benefited from the proletariat's abject poverty. Anyone with even a tiny bit of wealth would be keenly aware that prices are soaring.

How did the Elementary Scholar's favorite jasper turn from five coppers to ten coppers?

Several scholars hire a small boat to sail in the West Lake for a day, and it actually costs three silver coins.

As for the students who had entered the city to prepare for the exam, they suddenly realized that the price of rent this year was far higher than in previous years. The price of a mouthful of East Slope meat had doubled!

The middle class of society had begun to complain, and landlords and small capitalists with more money were complaining.

Since Nanyang's grain supply was flowing towards the country, the landlords were becoming more and more unattractive to others. They were getting rich every year, but they could not earn any money every year. They were so angry that they wanted to open factories!

Those merchants who had already invested in industrialization could feel the change in water temperature the most. From the price of raw materials to the sale of goods, there was also the cost of manpower and equipment maintenance … Inflation has already begun to show signs in many areas.

However, no one dared to say it because of the powerful group that issued the southern tickets, the Chinese people! He was not only creating inflation with one hand, but he was also upgrading his industry and expanding his market with the other!

What was even more terrifying was that the Chinese still had guns. There were a lot of guns!

He could not afford to offend him, and he still had to rely on the Chinese to make money. In addition, the Chinese have already become the vanguard of Asian nationalism.

No one dared to attack the Chinese or the head of state. These smart businessmen could only use their own methods to resist the pressure of the capital market.

This was the root cause of the underground black market!

Exchanging notes for high prices for silver was no longer a secret in the black market of East Asia. At its highest, a Dragon Mark Silver Coin could be exchanged for 1.8 yuan in the south, which meant that the black market had automatically determined that the value of the notes would be reduced by 80%.

Such a high exchange rate was enough to attract the silver from the northwest of Great Qing and even from the southwest to the coastal areas. Through the black market, they could exchange it for paper money to buy industrial products from the coast and then sell them back.

The black market had already become an industry chain. If it were not for the fact that they were afraid of the harsh laws of the Chinese race, this industry chain could continue to expand!

The Jiang-Nan region was the lifeblood of the Chinese economy. Liu Chouchu and Hu Xueyan were in charge of stabilizing the currency market, and the Jiang-Nan stock exchange had already reached Shanghai.

”I know about your worries! I know what you guys are doing in private! ” Liu Chouchu was no longer the Bug Liu he was back then, he was brimming with the domineering aura of a being in power, the aura of a strong man oppressing the Jiangnan Merchants!

”Facing a small battle with Spaniard, are you guys afraid? So you, a short-sighted person, are raised in the land of wealth in Jiangnan? ”

”Let me repeat one last time, the credit of the south ticket will not fall! There was no problem with the Chinese silver roots! The Führer will never fail! ”

”Raise your heads!” Look in my eyes! You've already said ten million, do you really think I'm a clay Buddha? ”

”How did the currency credit of the southern ticket come into being? If even the students of business studies in universities know about it, how could you not? ”