parentshiftbook Chapter 154: The Size Of Credibility, The Millennium Credibility Of Gold, Silver And Copper [Please
Chapter 154: The Size Of Credibility, The Millennium Credibility Of Gold, Silver And Copper [Please
"Credibility?!!"
"The essence of general equivalents is credibility?!!"
“The essence of money is general equivalents, and the essence of general equivalents is credibility?!”
Zhu Yuanzhang, Empress Ma, and the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes could not help but repeat the last few words of Yan Changqing secretly.
They can feel that behind this sentence, there is some kind of Saint truth that has never been revealed by anyone throughout the ages!!!
However, they are limited by their own knowledge, experience, vision, etc., and thus cannot truly and thoroughly understand the meaning of Yan Changqing's words.
Especially Zhu Yuanzhang, Zhu Biao, Zhu Fan, and Zhu Di had an inexplicable feeling about the new term "credibility" mentioned by Yan Changqing.
If they can understand the meaning behind the new word "credibility", then maybe they won't be short of money anymore!!!
After Yan Changqing finished writing on the wooden rice paper, he turned his head and looked at Zhu Yuanzhang, Empress Ma and the princes Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes. He nodded and repeated his affirmation:
“That’s right, it’s credibility!!!”
“What is credibility?!!”
"Public credibility refers to the power to make the public trust!!!"
"In the previous barter exchange process between you, why can a mere handkerchief become a general equivalent, allowing you to trade directly with each other?!!"
"That's because on that handkerchief, in addition to its own negligible value, His Majesty's credibility has been invested in guaranteeing it."
"It is precisely because of Your Majesty's own public credibility that you have guaranteed the handkerchief, so you will admit that the handkerchief can be used as a general equivalent for surrender to the court."
"That's why that handkerchief can be used as general equivalents for transactions like gold, silver, copper, etc., which are rare in quantity and have precious value in themselves.
"But if you change someone else, let's say a random Jinyiwei outside, they point to a handkerchief and say that this handkerchief has the same general equivalent value as gold, silver, and copper."
"Will your highnesses believe and recognize that the handkerchief has the same general equivalent value as gold, silver, and copper?!!"
Prince Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes all shook their heads. How could the words spoken by a mere Jin Yiwei be worthy of trust.
If a Jinyiwei dared to come to them with a handkerchief, point to the handkerchief and tell them that this handkerchief has the same value as gold, silver, and copper.
If they were in a better mood, they would probably order him to be expelled from Jinyiwei.
If you are in a bad mood and see a Jin Yiwei dare to fool you like this, then this Jin Yiwei will probably be gone.
"Why don't your highnesses believe or recognize that the handkerchief in Jin Yiwei's hand has the same general equivalent value as gold, silver, and copper?!!"
Yan Changqing looked at Prince Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes with a faint smile, and asked further.
"Mr. Yan also said just now that the father's handkerchief has the father's credibility as a guarantee for his responsibility."
"That's why that handkerchief has the same general equivalent value as gold, silver, and copper."
"But what kind of credibility does a mere Jinyiwei have? (bheh) can guarantee that handkerchief?!"
Qi King Zhu Su glanced at the Jin Yiwei who was a hundred steps away, and replied with disdain.
Yan Changqing nodded, and then said without hesitation:
“What if I’m here to guarantee that handkerchief?!!”
"Then do your Highnesses believe and recognize that the handkerchief has the same general equivalent value as gold, silver, and copper?!!"
When he said this, Yan Changqing glanced at Zhu Yuanzhang, whose face turned dark again, looked at the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes and said bluntly:
"Don't worry about Your Majesty, just say whatever you think."
"You can believe it and recognize it, or you can disbelieve it and recognize it."
"But don't deceive yourself. Once you deceive your own heart, you will lose the opportunity to understand this week's "Dragon Slaying Technique" thoroughly.'
Hearing what Yan Changqing said, the princes Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes hesitated for a few times, and finally spoke one after another:
"If Mr. Yan was the one who guaranteed the handkerchief, then I should believe and recognize that the handkerchief has the same general equivalent value as gold, silver, and copper.
"Well, I believe it too."
"Me too.
Zhu Yuanzhang on the side turned dark and dark when he heard the answers from his sons.
Because of the answers given by the princes Zhu Biao, Zhu Xi, Zhu Fan, Zhu Di and other princes, it was obvious that they believed and recognized that Yan Changqing had the same credibility as the emperor.
From another perspective, this puts Yan Changqing on the same status and height as the emperor Zhu Yuanzhang.
Fortunately, the person who was placed at the same status and height as the emperor Zhu Yuanzhang was Yan Changqing. If it had been another person, he would probably be dead by now.
After listening to the answers from Prince Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes, Yan Changqing showed a smile on his lips and nodded:
"The same handkerchief, in the hands of your majesty and in my hands, can make your highnesses recognize and believe that it has the same value as gold, silver, copper and other general equivalents."
"But in the hands of Jinyiwei, your highnesses cannot recognize and believe that it has the same value as gold, silver, and copper."
"The reason for the different results between the two is that the credibility between His Majesty, me, and Jin Yiwei is different."
"For your Royal Highnesses, Your Majesty has the greatest credibility."
"Therefore, Your Highnesses did not hesitate to believe and recognize the value of the handkerchief, which was guarantored by Your Majesty, as equivalent to gold, silver, and copper."
"Although my credibility is not as good as His Majesty's, it is still not low in the hearts of your Highnesses."
"So your highnesses, after hesitating for a moment when facing the handkerchief that I pledged as a guarantee, finally chose to believe and recognize its value as a general equivalent like gold, silver, or copper."
"As for Jin Yiwei, it is obvious that the credibility of Jin Yiwei alone is far from being recognized and believed by your highnesses."
"Therefore, even with Jin Yiwei's guarantee, the handkerchief in Jin Yiwei's hand still cannot be used as a general equivalent like gold, silver, or copper."
Hearing this, Zhu Yuanzhang showed a thoughtful look on his face.
He seems to understand why the Ming Dynasty currency notes he established and promoted are not scarce in quantity, and their own value is not precious.
However, the currency notes issued by the Ming Dynasty can still become common equivalents in the hands of the people of the Ming Dynasty, just like gold, silver, and copper, which are rare and valuable in themselves.
That's because the Ming Dynasty's Tongxingbao banknotes have what he calls "credibility" and can be accepted, believed and recognized by the people of the Ming Dynasty.
Therefore, the Ming Dynasty's popular banknotes can eventually become the general equivalent like gold, silver, and copper.
"As mentioned before, in the long past, one thing after another has been used as a general equivalent for transactions."
"But there are so many general equivalents that are rare in quantity and have precious value. Why did only gold, silver, and copper become stable and fixed general equivalents in the end?!!"
“For example, things like antiques, calligraphy and paintings, and jade, which are also rare in quantity and have precious value, why can’t they become stable and fixed as general equivalents?!!”
Yan Changqing looked at Zhu Yuanzhang, Empress Ma, Prince Zhu Biao, Zhu Di, Zhu Fan, Zhu Di and other princes, and asked with a smile.
"Because there are also differences in credibility between them?!!"
Zhu Di answered half guessing and half affirmatively.
Yan Changqing glanced at Zhu Di, nodded approvingly and affirmed:
"Yes, the biggest reason for this is that the credibility condensed on antiques, calligraphy, paintings, and jade is not as strong as the credibility condensed on gold, silver, and copper.
"The simplest reason why you say this is that you take antiques, calligraphy, paintings, and jade to the dignitaries of the Ming Dynasty and tell them that they contain a lot of value."
"The dignitaries of the Ming Dynasty could see it and would believe and recognize the high value of those antiques, calligraphy and paintings, and jade.
"But if you take those antiques, jade, calligraphy and paintings to the common people, you can tell them that they contain a lot of value."
"Then they may not be able to see it, and if they can't see it, they will naturally not believe and recognize the high value of those antiques, jade, calligraphy and paintings."
"However, gold, silver and copper are different."
“From high-ranking officials to ordinary people, they can clearly and accurately see the value of gold, silver and copper at a glance, and they will naturally believe and recognize the value of gold, silver and copper.
“This is also the reason why there is a saying ‘Antiques in prosperous times, gold in troubled times’.”
“Because even in troubled times, general equivalents such as gold, silver, and copper can still maintain their own value, or even increase in value.
"But things like antiques, calligraphy, paintings, and jade may not be able to maintain their value."
"And this is the huge credibility that gold, silver and copper have, accumulated over thousands of years from ancient times to the present, generation after generation!!!"
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Good luck! Thank you all! I kneel down to all the bosses!