national debt.
In fact, Wu Nian doesn't know much about national debt, but he still understands the most basic principles.
The country has no money and borrows from the private sector.
When the country has money, it can do things. For example, it is used to start a war.
Now he is following the example of a cat and issuing two kinds of government bonds. Let’s not talk about bearer treasury bonds for now. Registered treasury bonds can also be regarded as a means to attract foreign businessmen and immigrants.
If you deposit your money with me, I won't pay interest, but I can provide you with political protection.
The Mongols are not included in this list.
But Wu Nian believed that some people from Chu, Goguryeo, and Fusang would buy this kind of national debt.
Either because of domestic turmoil or oppression from above. Many wealthy foreign businessmen are actually in a very dangerous situation.
Having a household registration and identity in another country can protect your own interests. They will buy it.
certainly. For these foreign businessmen, it is necessary to investigate the background. You have to be friendly to Han people on weekdays.
Issuing treasury bonds is, to put it bluntly, a way of realizing one's own credibility.
The person who first issued the debt was Wu Nian, not Emperor Daojun of Chu. Some people believe in Wu Nian and are willing to buy the treasury bonds issued by Wu Nian.
This is fundamental.
For Wu Nian, things like national debt are not unusual. Anyone in modern society should have heard of it more or less.
But for Liu Zhixing, Li Yong, Wang Youxiao, and Gongsun Sang who were present, this was unheard of.
Their first reaction was that it was not feasible.
Where in this country is there any private lending? Even if it is renamed, it is called national debt. But when they thought about it carefully, they became thoughtful again.
"The general is wise. This national debt is really unheard of. But if you think about it carefully, apart from the shame, there seems to be no harm." Gongsun Sang's eyes sparkled, he raised his right hand and touched his chin, saying with interest.
"Master Gongsun hit the nail on the head. This national debt is too embarrassing. I object. How can there be any reason for a king to borrow money from the people?" Wang Youxiao frowned and expressed his opinion.
"Among the people, borrowing money is indeed a shameful thing. Everyone hates it." Li Yong pointed out his previous life experience in Beishan Fort and nodded.
He also looked up at Wu Nian. Wu Nian used to be a drunkard and a gambler, and he often borrowed money. As a result, the dogs ignored Wu Nian.
What decent person who lives a good life borrows money from others to live a good life?
Don’t your family save money on weekdays? Isn’t the purpose of saving money on a daily basis so that you can tide over any difficulties?
"Actually, the key is not borrowing money, but whether the borrowed money can be repaid in time. I probably understand what the general said. Just talk about the bearer treasury bonds. The term is one year. Interest is secondary."
"If we really amassed two hundred thousand taels of silver, we would put all the money into the army. When we spend all the money, we won't even be able to pay back the money."
"We issue national debt once a year, and no one will buy the new national debt. Our credibility will collapse. This will further affect the credibility of the government."
Liu Zhixing was more open-minded. After thinking seriously for a long time, he raised his head and expressed his opinion.
Wu Nian laughed, raised his head and said calmly: "What does it mean to be embarrassed? If you get a million silver, let me kill the Mengyuan people. I am willing to give, and the person who lends me the money will kneel down."
"The country lives and dies by seeking to benefit the country."
Wu Nian spoke calmly, but with an impressive momentum. A real man stands upright and can die standing, but cannot live on his knees.
But national affairs are important events.
Personal honor and disgrace are just trivial matters.
Wu Nian is willing to bow his head to national affairs and lend money to private people and businessmen, regardless of personal honor and disgrace. What else can they say?
"General. I'm ashamed." Wang Youxiao suddenly couldn't sit still, stood up, bent down and clasped his fists. Compared with Wu Nian's consciousness, he is still too shallow.
"Don't be ashamed. You are right. If I had money, I would not bow my head." Wu Nian waved his hand and said pleasantly.
Wu Nian's words immediately resolved the differences.
As long as it benefits the country, there is no shame in borrowing money and there is no shame in begging.
"As for repaying the money, of course I won't default on it. I, Wu Nian, can't do it without repaying the borrowed money. But there is one thing. Zhi Xing. You forgot to calculate. We have two hundred thousand silver. Plus our measured land , open a shipping department, and normalize taxes. We can support 180,000 households of soldiers for a long time. As long as we don’t encounter a run, we will not collapse."
"As long as I do two things, I won't encounter a run."
"First. Our Fuhan General's Office remains clean and efficient as always. Maintain credibility."
"second."
Speaking of this, Wu Nian's eyes were full of smiles. Said: "As long as I win the battle and seize the thirty-two counties of the five prefectures in Liaodong. These two hundred thousand taels of silver, plus a little interest, am I not worth it?"
"My credibility is the credibility of the country. As long as I remain strong, they will be willing to buy my national debt. After all, three percent interest a year is also interest. Many people want to earn interest but can't find a way. I, Wu Nian, am so Good reputation. Why don't they lend me the money?"
Everyone had seen strong winds and waves, but after hearing Wu Nian's words, they still opened their mouths.
What the general said was so wonderful and so impeccable that it was impossible to refute it.
We borrow money from the private sector, even from foreign businessmen. Borrow money to raise soldiers, raise soldiers, use money to conquer territory, and if you win, you can use it to pay back the money.
If there were five prefectures and thirty-two counties in Liaodong. Add in the miscellaneous income from the shipping company, copper ingots, etc., and it is really not enough to support 180,000 soldiers.
But the only one who can do such a thing is the general.
It's all said in the military book.
Soldiers have no constant momentum, and water has no constant shape. Who can understand the war thoroughly and guarantee that he will win? But the Liaodong Tigers’ brand is really a golden brand.
Many people believe that Wu Nian will win and will continue to win.
For example, Kyogoku Yukiri.
Only Wu Nian said. I'll lay down the territory and pay you back. Only then will people believe it. To put it another way, even swearing to the sky is useless.
Borrowing money to fight a war is incredible.
Liu Zhixing slowly closed his mouth, took a deep breath, and after calming down, he raised his hand and cupped his fist at Wu Nian and said, "General. I understand what you mean."
"Just issue government bonds."
“But I also have a few additions.”
"For example, if a registered treasury bond is issued with a face value of at least 500 taels and is held for five years, one can obtain a Liaodong household registration. So, why would they buy a 1,000 tael bond? I think more discounts can be given to foreign businessmen. For example, if you hold registered treasury bonds, you can enjoy tariff preferences, and if the amount is huge, you can also get naval escort."
"Forcing those big businessmen to spend huge sums of money to buy our registered treasury bonds."
Gongsun Sang nodded heavily and said enthusiastically: "General. I also thought of a question."
"For this national debt, we have to do a good job in preventing counterfeiting. Not only do we need to stamp and secure it, but we also need to make quite complicated paper as a carrier."
Wu Nian's eyes lit up when he heard this, and he nodded from time to time.
They are really three cobblers who are the equal of Zhuge Liang.
Brainstorming is the way to go.
They are right.
