"There are many advantages of paper money, such as easy storage, carrying and transportation, which avoids the wear and tear of coins in circulation. But the disadvantages are also obvious, that is, the paper money itself has no value. If you want the people to recognize paper money, in addition to the forced use of paper money by the imperial court, there must also be an anchor, such as silver or gold, so that the banknotes and gold can be exchanged smoothly. With this prerequisite, coupled with the credit of the country, this can smoothly promote the paper money..."

Li Jie talked endlessly about the role, development, future prospects, etc. to Lao Zhu and his son. In fact, Li Jie didn't know much about finance knowledge. The concepts he talked about now have almost exhausted all his knowledge reserves in finance.

However, even though the financial knowledge that Li Jie talked about was relatively simple, it still shocked Lao Zhu and Zhu Biao. They never thought that a small banknote would not have so many reasons.

Finally, Li Jie talked about the prospects of paper money, such as completely replacing metal currencies with paper money, and precious metals such as gold, silver and copper will withdraw from circulation by then. Moreover, the issuance of paper money can make macro-adjustment to the national economy, and even use economic means to destroy a country. These are all things they have never heard of, but what Li Jie said makes sense.

"In short, the prospects of paper money are much broader than what you see now. If you really promote the paper money, everyone will recognize the role of paper money. Even anchors such as gold and silver do not even need to prepare too much, let alone mining everywhere so hard. Please ask your Majesty to judge!" Li Jie finally bowed to Lao Zhu solemnly.

Lao Zhu and Zhu Biao also breathed a sigh of relief at this time. Li Jie said a lot, and they could understand it at first, but the content behind it was beyond their understanding. However, out of trust in Li Jie, they still maintained a lot of trust in these contents. After all, Li Jie never lies on such important things.

"In your opinion, how should we change the current treasure banknote system?" Old Zhu thought for a moment and immediately looked up and asked Li Jie.

"Your Majesty, Baochao has been issued for many years now. Although Baochao still has some liquidity due to the forced implementation of the court, its credit has been lost. Even if you want to reform, it is unlikely to do anything too much!" Li Jie replied immediately.

Although the Ming Dynasty Baochao has been depreciating, it still has a certain market. This is mainly because Lao Zhu forced tax regulations. Some taxes only collect treasure banknotes, such as salt tax, and the commercial taxes that each shop has to pay, all of which need to be paid with treasure banknotes, and they must be new banknotes. Old banknotes are not recycled at all. It is obvious that they use treasure banknotes to exploit the wealth of the people.

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"Then what you mean is that you want to reissue a new treasure banknote?" Old Zhu immediately understood what Li Jie meant when he heard this.

"Your Majesty is wise, I mean this. In fact, in addition to Baochao, there are also some bills in the folk that issue banknotes, which are essentially a kind of banknotes. Moreover, this kind of banknote is more popular than Baochao because it has a lot of silver and money marked on it, and can be exchanged in full after getting the bill. In contrast, Baochao is only issued but not recycled, and cannot be exchanged. Therefore, there is no credit. Instead of modifying it on its basis, it is better to issue a new Baochao again!" Li Jie explained again.

Li Jie was also very rude and pointed out the fact that Baochao had no credit, which made Lao Zhu a little embarrassed. After all, this was originally done on purpose. The Baochao started to be issued to solve the problem of lack of money in the Ming Dynasty. If Baochao was recycled or even exchanged for Baochao, then what else could the court make money?

"If you want to issue new treasure banknotes, do you have any plans for this?" Lao Zhu thought about it for a moment and asked again.

"I have an idea, but my Majesty needs to hand over the silver sent by Japan to me to manage!" Li Jie replied immediately.

"That's two or three million taels of silver. Why do you want that much money?" Zhu Biao next to him asked in shock when he heard this. So much money is not a small amount. After all, the tax revenue in the Ming Dynasty was only more than 10 million taels a year.

"Your Highness, this money is not what I want, but I will manage how to use it. For example, the construction of Peking City costs money and can be called from this silver, but how to use it needs to be done in my way!" Li Jie explained with a smile.

"I understand. Go back and write a specific plan to present it. Then I will review it with the prince and make a decision before making a decision!" Lao Zhu also understood Li Jie's thoughts at this time, so he nodded again. Such an important thing is related to the direction of millions of taels of silver, so he could not make a decision immediately.

"I obey the order!" Li Jie nodded immediately after hearing this. Lao Zhu was willing to listen to his previous financial knowledge and let him write a specific plan, which means that Lao Zhu was moved.

"By the way, the second brother did a good job in Japan. What do you think should you do next?" Lao Zhu suddenly turned the topic to the matter in Japan.

Zhu Ceng is indeed doing a good job now. Not only has the silver mine been mined, but he has also fought a turnaround, and he also used the Jurchens to disrupt the situation in Japan. Everything looks very beautiful.

But as an emperor, Lao Zhu's eyes would not be so short-sighted. In this great situation, Lao Zhu has seen the crisis that Zhu Ren may face next, such as the silver mine, which may not be kept secret now. When the entire Japanese country knows that Shi Jianguo has such a huge silver mine, it will definitely attract the attention of all forces.

Perhaps these forces are not Zhu Ceng's opponents at all, and there are many conflicts between them, but under the temptation of the silver mine, these people are likely to unite and even form a Japanese alliance to jointly deal with Zhu Ceng, an outsider.

In addition, Yoshihiro Ouchi, the collaborator, will no longer be trusted in the future, and the other party may even be the first to betray Zhu Chuang, thus colluding with other forces in Japan.

Of course, Zhu Ceng was not waiting to die. The Jurchens left a great move, which disrupted the Japanese and tied the Jurchens to him. However, this was not enough. After all, there are not many Jurchens now and are far from becoming a decisive armed force. If the entire Japan unites, they will not be able to help Zhu Ceng defeat the entire Japan.

"Father, since the plan to recruit Jurchens to Japan is feasible, it is better to increase efforts and recruit more Jurchens to Japan, so that the second brother can also have more troops!" Zhu Biao suggested at this time.

"This is natural, but the recruitment speed is not too fast. Moreover, even if the Jurchens go to Japan, they need to train before they can form an army. The short-term impact is not great. In my opinion, the time for the Japanese to unite to deal with the second child is not far away, so it is not enough to rely on the Jurchens alone." Lao Zhu shook his head slightly at the end of his speech.

"Your Majesty, in addition to King Fusang, we have two other forces to use in Japan!" At this time, Li Jie suddenly said with a smile.

"Two?" Lao Zhu was stunned when he heard Li Jie's words, "I know one of the people you mentioned is Zhang Dingbian. After they climbed to Kyushu Island, they also built a considerable territory. Now they are much more honest. The immigrants who followed them were also resettled. However, as long as they promised some benefits, they could mobilize their power to restrain Japan, but what is the other power besides them?"

"Your Majesty is wise. General Zhang is indeed an available force, but they can only be used as an auxiliary. The real main force is actually our Ming navy!" Li Jie smiled and said again.

Originally, the Ming Dynasty did not have the title of navy, but called all the troops on the water surface a navy. However, with Li Jie's intervention, and Fang Guan led his navy to escort Zhang Dingbian and stationed in Japan, the navy became independent from the navy and called it the navy. Later, the name of navy became increasingly accepted and became an independent group of troops within the navy.

"Navy! What you mean is to let Fang Guan move and harass the coast of Japan to restrain the power of Japan!" Old Zhu immediately guessed Li Jie's intention when he heard this. This was also the method they learned from the Japanese pirates. When the Japanese pirates attacked the coast of the Ming Dynasty, they made the Ming Dynasty very anxious. Now they use the same method to deal with Japan, but they just use the other way to do it.

"I am the plan. After Fang Guan and I escorted General Zhang and others to land in Japan, we led our fleet to the north and destroyed various ports along the coast of Japan. We had almost no effective resistance along the way. Now Fang Guan has been stationed overseas for many years, and the warships have been replaced. The navy soldiers are more elite than before. They can be used as the main force to raid the coast of Japan!" Li Jie also said solemnly.

In this era, the Ming Dynasty's navy was definitely the top one. After all, the navy is a technical branch, and excellent warships almost represent the combat effectiveness of the navy. Therefore, the Ming Dynasty's navy also had a crushing advantage over the Japanese navy, and this advantage could not be compensated in a short period of time. When Li Jie asked Fangguan to station on Jeju Island and Tsushima Island, he did not let them guard these two islands, but to let them act as a killer weapon to deal a heavy blow to Japan when necessary.

"Just do it like this, summon the Governor's Office of the Five Army to discuss matters!" Old Zhu immediately slapped the table and said excitedly, he almost forgot about the power of the navy.

Of course, this is not the fault of Lao Zhu. After all, in the traditional military tactics, the main thing that determines the victory or defeat of the battlefield is the army, and the navy is generally only used for assistance. Even the Poyang Lake battle between Lao Zhu and Chen Youliang was actually more like a land battle on a ship, which is completely different from the war on the sea, which also makes Lao Zhu often ignore the maritime power of the Ming Dynasty.
Chapter completed!