As long as the state has a zài, the tax system will be eternal, and the use of taxes to endorse the credit of paper money is really ahead of the times in the 19th century.

In fact, it is very simple to establish the credit of paper money, as long as the country wants to promote the credit of paper money, there are too many ways to use.

For example, five years ago, when the war in Jiangnan had just subsided, when land prices were cheap, Lotte bought a lot of land near the wharf of important commercial ports, and at that time Xiao Lotian was already preparing for the later economic recovery.

These lands belong to Lotte Bank and Lotte Bank, and no one can count the huge number, so if the businessman wants to lease these lands or buy them, Xiao Lotian can completely formulate a rule and only accept Nanpiao banknotes and not cash, so that the credit of banknotes will be higher.

In the same way, many important assets are traded, whether to use cash or paper money, which requires a guide, as long as the method is ingenious, it is easy to improve the credit of paper money.

What is the core of a country's credit? In the final analysis, there are two words, that is, security. Whether a country can provide a safe living environment for its people, whether it can provide a safe trading environment for commercial transactions and massive amounts of capital are all important components of credit.

And what is it that provides security? Of course, it is the army, and without a strong military force, no matter how much wealth you create, you are just a fat sheep in the eyes of foreigners.

The Song Dynasty is a good example, as evidenced by the perennial conquests against the Japanese in the middle of the Ming Dynasty, not to mention the late Qing Dynasty and the Republic of China.

And now the money ticket crisis in Jiangnan is, in the final analysis, a war crisis.

Since Xiao Lotian was born, it can be said that he is invincible, and he has conquered everything, liberating the Ryukyus, attacking and defending Tanggu three times, capturing Beijing City once, and attacking Fuso Japan once...... Not to mention a string of victories in Europe.

It is the series of victories that creates a false impression of invincibility, and gives people a strong sense of security, people definitely have a future with you, and it is safe to do business in the Ryukyus, so people will give you taxes.

In the end, the biggest ** of money is still hedging, this kind of ** even overpowers the profit-seeking, you can't protect us, why do we have to give you taxes?

Money knows no borders, and if they think the region is dangerous, they will immediately flee, which is the same as the global strategy of the United States in later generations.

That region is rich enough to become a fat sheep, you can rest assured that he will definitely create conflicts, turmoil and wars in that region, with only one purpose, to force the safe-haven funds to fly to the United States.

The strategy of the United States is incomparably clear, but it is incomparably king, who makes the military number one in the world.

The current Xiao Letian is not at the top of the food chain, although on the surface his light is very dazzling, in fact, he knows his own affairs, and it is okay for these lights to fool the people, for the real politicians and giant businessmen, the gap between Xiao Letian and the European powers is still obvious.

It is not a skill to bully the Manchus and Fuso, and it is only the strategic trend of Prussia to win a battle in Europe, including the destruction of the French Expeditionary Force...... In fact, the so-called expeditionary force of ten warships is not a fart at all in the eyes of Europeans.

The appearance of the Far Eastern Volunteers completely angered the Tsar, and the main force of the Baltic Fleet sent more than 30,000 troops across most of the world to support the Russian army in Vladivostok, such a large-scale effort that even the British did not dare to underestimate.

Will Xiao Lotian still be able to pass the test? Can this war be won?

The market gave the clearest answer, when the Russian fleet had just left the Baltic Sea, the news of the expeditionary force was only passed among some foreign merchants in the south of the Yangtze River, and the people of the Qing Dynasty did not know about it at all.

Top bankers such as Citibank, Banque de France, HSBC, and Standard Chartered Bank in the Shanghai Concession have begun to quietly hold secret meetings, and from that day on, the concession foreign banks began to consciously hoard physical silver coins and gradually reduce the storage of Xiao's money bills.

At that time, the market did not have much repercussions, until the expeditionary fleet sailed in the Atlantic Ocean and entered the coastal waters of Africa, and the merchants of the Great Qing Kingdom also knew the news, and many people began to wait and see, the most obvious is that some large merchants have stopped those big investment projects.

For example, the transaction of buying and selling land, the transaction of buying and selling factory shops, and the investment in large projects such as the construction workshop, tea mountain, and silk reeling shop have all been temporarily suspended, and savvy businessmen can choose to make less money and are not willing to take risks.

But at that time, more people did not know, so the credit of paper money did not change in any way, and the people still used paper money for transactions in their lives, unaware of the arrival of the economic crisis.

The Russian fleet continued to move south, bypassing the Cape of Good Hope in South Africa and entering the Indian Ocean, and at this time there were already rumors in the Jiangnan area that began to walk, and those small shopkeepers who sold needles, threads, brains, oil, salt, sauce and vinegar would chat with regular customers about the upcoming war, and there were also many voices in teahouses, restaurants, green houses, and theaters.

However, at that time, the people still did not think that the war in the Far East would have any effect on Jiangnan, after all, it was so far away that people did not know where Vladivostok was, or even who that land belonged to before and to whom it belonged now.

Life still has to go by day by day, but the prices in the market have inadvertently risen a little bit.

The Russian fleet sailed straight to India, and at this time the foreign bankers in Shanghai finally began to act, and almost at the same time, rumors were flying all over the south of the Yangtze River, and the foreigners' banks actually suspended the trading business of Xiao's money bills at the same time.

The fuse of the economic crisis has finally been lit.

The foreigners' statements made the big merchants in Jiangnan feel that the storm was approaching, could it be that the worst result was about to happen? Everyone chose to cover the cash to the death, and desperately spent the banknotes.

Fortunately, the banknotes were not issued with a promise to exchange cash for huàn, and if they did, I am afraid that all the branches of Lotte Bank in Jiangnan would be crowded with people who exchanged huàn.

But just like that, there are still some people who have a fluke mentality to go to the bank to inquire, and the number of people is increasing, and the order is becoming more and more chaotic.

If there are too many people, there will be conflicts, and the people around the greed and fear will soon lose their minds, and some people even ask Lotte Bank to exchange cash for the banknotes in their hands, and if they don't give it to him, they will lie on the ground and not leave.

A cheater will bring endless scoundrels, and in the end they can only ask the government to suppress it, and once the crackdown appears, it will further aggravate the credit collapse, and the purchasing power of paper money will start to decline again.