Chapter 42: Salary from the bottom of the pot
Late at night, the East Palace.
The whole room was brightly lit, with a long table worth more than ten meters in the middle, and the sides of the long table were filled with people. Li Chengdao was sitting in the main seat, constantly flipping through the reports in his hand.
"...This is the case with today's grain war. In the end, the closing price of futures in August was 40 guan per lot. The overall grain price fell below 800 guan per stone. All the buy orders were buried alive. During the entire decline in grain prices, we fought and retreated and kept closing positions. At present, the positions in our hands were not heavy, and only 1,000 short orders were left. The rest of the short positions were mainly major families. The subordinates estimated that the current grain price of 40 guan was already the cost price of farmers, but only when the grain price reached 600 guan per stone, it would force these farmers to go bankrupt on a large scale. Therefore, the subordinates expected that the grain price would continue to fall."
Guan Jinsheng stood at the third place on Li Chengdao's left hand and was reporting today's food war situation.
Lee Seung-dao put down the report, clicked on the profit part, and said with a smile: "Jin Sheng knows that I'm tight on my hands recently, and I've made a lot of money for me."
As soon as these words came out, everyone laughed.
"But we can't wait until the price of grain falls to the end before buying. This way, buying at the bottom will attract people's attention and will not be conducive to our overall policy of collecting grain. I think Jinsheng, you can take advantage of the next few days of grain prices and start placing purchase orders. Of course, don't place big orders with thousands of hands, take your time with dozens of hands, or it will be no fun if you scare them away."
Guan Jinsheng shrugged: "Don't worry, your highness, you have called hundreds of people. Each of them takes turns to place orders every once in a while, and ensure that no one is a duplicate. If you can be discovered like this, then you will really admire the trader of that aristocratic family."
There was another burst of laughter in the room. Now all the people who master futures rules in Datang are in this room. If there are people outside the room who have no experience in futures trading and avoid this trap, they will be able to accept the disadvantage. Perhaps even Li Chengdao would not be able to help but recruit the other party in person.
"Next, Houzhao, it's your turn. In addition to the money to buy spot food, other savings, lottery, pension, insurance, etc., as well as the copper coins obtained from other industries in the East Palace, should be transferred to Chang'an as soon as possible, the farther away, the better."
Li Chengdao looked at Xu Houzhao on the other side.
"Yes, His Highness, the prince. His subordinates have made arrangements. Some time ago, they have traveled to all shipyards in Jiangnan and coastal areas. Not only have they bought all their inventory ships, but they have also placed huge orders. Those shipyards have scheduled the construction period until three years later. The boss of the shipyard was frightened when he saw the order and paid me like a Bodhisattva, so he was waiting for me to pay the deposit to buy materials to build a ship."
"Well, building a fleet is not a matter of one day or one night. You have to take it slowly, and crew members are not so easy to train. You can control the canal transportation now, otherwise the supply of coal, iron ore and cement will be a waste of time. Land transportation and railways will not be expected for a while, and water transportation must not cause chaos."
Li Chengdao thought for a while and said, "Those people who transported the canal are more or less related to gangs and the underworld green forests. If not, you ask Yuhuatian to send some people there. However, the number of special forces is not large, and the recruits are still being trained. If you can open the road, try to solve the problem with money. If it really doesn't work, send the East Factory to take action."
Xu Houzhao nodded, obviously knowing it: "Your Highness, I have been thinking these two days that if we want to remove the liquidity of copper coins in Chang'an City, we may rely on savings, lottery, pension, and even futures. Together, we can only get about two tenths in two months. After all, Chang'an City is too big and there are too many rich people in it."
"Two out of ten is already a lot. If it can be taken away smoothly, Chang'an's copper coins will definitely not be enough. You don't know what the two out of ten coins means. The entire Chang'an economy can collapse because of these two out of ten!" Li Chengdao thought so in his heart, looking at Xu Houzhao with interest.
"You keep talking."
"The big head of copper coins is in the hands of major aristocratic families, but just one futures market may not meet our expectations. I know that Guan Jinsheng will soon turn a long flip, place a order in the futures market, and play opponents with major aristocratic families. However, our capital flow is probably not the opponents of the major aristocratic families, and can only limit some of their coins. So why don't we use the opponent's funds to suppress our opponents?"
"What do you mean is we go and ask about the aristocratic families to borrow money?" Hearing this, Guan Jinsheng frowned, obviously attracted by Xu Houzhao's ideas.
"Yes, that's it. If we borrow from Shijia, the copper coins in Shijia will be reduced by a large part. On the other hand, we buy grain from the spot market, and on the other hand, we place long orders in the futures market. At this time, if Shijia wants the grain price to continue to fall, they must add to the short orders in the futures, and the copper coins in their hands will be further reduced."
"Two-pronged approach can basically contain the coins of major families and make them firmly trapped in the quagmire of grain futures. At this time, the copper coins flowing in the entire Chang'an market will be drastically reduced and will not be solved in a short period of time..."
"In this way, the copper coins that can be used for trading and trading in the market will be reduced. Only when everyone has no money to use, Tang coins will have room to play and seize the entire copper coins market in one fell swoop! This is really a move to remove the firewood from the bottom of the pot!"
Guan Jinsheng raised his eyebrows and stood up excitedly.
"Bad coins drive out good coins. With the steel industry, coal industry, cement industry, and the salt industry of the Pei family and Dou family, the Tang Dynasty economy will usher in a rapid growth rate, and the market demand for circulating coins will increase significantly! At this time, the existing copper coins will be far from enough, especially the heart of the Tang Dynasty, Chang'an, which we are focusing on attacking! There will be no money available!"
"Then, the Tang coins will naturally be able to enter the Tang Dynasty's currency stage in a noble way. Because of the advantages of easy carrying, official certification, endorsement of the East Palace, sufficient quantity, and the joint efforts of major families, there will be no metal currency to compete with."
Lee Chengdao clapped while talking.
"When the copper coins exit the stage of history, they will lose their value as currency and their price will drop sharply. We will buy copper coins at a low price and return them to major families, and borrow and repay the balance. Isn't that great? Hahaha..."
"Xu Houzhao, you have begun to understand the true meaning of currency."
"Now, I decided that Xu Houzhao was officially elected as the president candidate of Datang Money House, and temporarily cooperate with me to manage the promotion of Datang Money House and Tang coins across the country. There are two positions in the president. I hope that others will continue to work hard and not let my expectations down."
ps: Can you understand? Simply put, it is necessary to 100 yuan for circulation in the market. A needs to buy things B for 100 yuan. After B gets 100, then use this 100 to buy things C, C then use this 100 to buy things D. D is using this 100 to buy things A, but now suddenly 100 yuan becomes 50 yuan. Every link is stuck. A does not have enough money to buy things B, B does not have money to buy things C, C does not have money to buy things D, D does not have money to buy things A, if one of the links is food, because of the lack of money, everyone will starve to death.
In order to make Tang coins popular, the protagonist draws the circulation of copper coins, and lacks this market for copper coins circulation, so there is no way to continue to maintain it. He can only use Tang coins to replace copper coins.
With the efforts of the protagonists' various industries, bulk goods such as steel, shipping, cement, and coal have increased rapidly, and insufficient copper coins cannot meet circulation needs and will definitely be eliminated.
Under the endorsement of the Eastern Palace and the Aristocratic Family, Tang coins can become a substitute for copper coins as credit currency.
Chapter completed!