Xiao Letian shook his head, broke it into pieces, and reasoned with Zai Chun, "Look, you now own 25% of Fuso Bank's shares. You use the proceeds from these shares to borrow money from Lotte Bank. I estimate four million. Dragon pattern silver coins can still be borrowed..."
"What should I use in exchange for the loan and interest? Of course it is the profits created by your shares in Fuso Bank. From now on, I can leave a part of the dividends from your shares in Fuso Bank as pocket money for you. The rest can be used to pay off the debt. …”
"Immediately afterwards, you transport four million silver coins back to the capital. In addition to gaining the reputation of the court, you can also get four million household bonds. That is money owed by the provinces to the court. It is impossible for him not to Accept the account..."
"Follow that. You entrust these account notes to Rakuten Bank for sale. After charging a certain handling fee and custody fee, the four million debt will be decomposed. Decomposed into small bonds..."
At this point, Xiao Letian took out a few stiff pieces of paper from his arms. Zai Chun was attracted at first sight. He had never seen such beautifully printed paper.
He had no idea what the paper was made of. When you flick it up with your fingers, it makes a crisp sound. It won't break even if you push it hard to both sides with both hands.
There are three types of bonds before you. The first type has a denomination of one hundred yuan written on the front. Cash on sight. Acknowledge votes but not people. To the north are nine flying dragons circling in imitation of the Nine Dragon Wall pattern.
The second denomination had ten dollars written on it. Still recognizing votes but not people. The pattern on the back is the Great Wall. The third denomination is one yuan. The pattern on the back is Mount Tai.
Xiao Letian took a bond. Ying Yangyang pointed it out to Zai Chun, "Look. There is a dragon watermark on the left side of the bond. This is a very advanced anti-counterfeiting mark. It cannot be forged by ordinary people..."
"Such small-denomination bonds are actually the dismantling of Treasury bonds. They are divided into small denominations to make it easier for people and businesses to purchase them."
"But why do people and businesses want these debts? This is wrong. It's like you owe someone else money. Why should I rush to buy the debt from you and pay it back for you." Zai Chun was puzzled. asked.
"What a good question. What a good question. My family owes me a bunch of IOUs. Why should your family use cash to buy the IOUs in my hand? The reason is simple. It's just interest."
"The year is written on these bonds. According to the agreement, after ten years, people can hold this bond and get 30% interest. If you can't wait, we will give you 1.5% interest in five years. If you only hold 30% interest, More than a year. We can only give half a percent interest..."
"Less than three years. Rakuten will only pay the principal. It will not pay any interest..."
"Then what if Lotte Bank can't afford to pay back. Everyone went to run the bank. You don't have that much money to pay back. Wouldn't this become waste paper?" Zai Chun is smart enough. The key point suddenly came to mind.
Xiao Letian smiled and said, "Yes. There are such worries. But don't forget. The provider of the IOU is not ordinary people but the state. The local governor owes money to the state. The state owes money to the bank. And the bank Money owed to the people. Since this circular chain includes all links of economic activities, then we can think of bonds as the thread of a necklace..."
"The same thread that holds the necklace together is something that everyone is familiar with. That is taxation. So don't be afraid that the bond thread will break. As long as the tax thread is continuous, the necklace will not fall apart..."
"You mean to use taxes to ensure the credit of the bonds." Zai Chun's eyes suddenly lit up. "Master is really a genius. Even if you can't repay the principal and interest, it doesn't matter. As long as the court recognizes these bonds and is willing to accept tax on the bonds. Then credit It will never waver…”
"This is no longer a piece of waste paper. Even if ordinary people don't want high interest rates, they will not refuse the use of bonds just to be able to use this thing to pay taxes..."
Xiao Letian laughed loudly, "That's right. What's more, there is a 10% discount for paying taxes with bonds. Although it's not much, but for big merchants, 10% is a lot. For this discount, they also We will desperately collect these bonds from the market. When the supply of bonds exceeds the demand and people rush to get them, isn't credit born?"
"But...but the imperial court has not proposed any preferential tax policies. How could the local governor give such benefits to the people?"
"The local governor won't give it. I will give it to Rakuten Bank. Your Qing Dynasty doesn't recognize this policy. We Ryukyu do. Now the trade volume between the southeast coast and Ryukyu is rising steadily. As long as they find out that Ryukyu's tax collector is giving preferential treatment... "
"What's more, when Ryukyu merchants and Lotte Bank trade with the Qing Dynasty, they will also give this kind of bonds a 10% discount. In other words, the money from these discounts is not paid by the local government at all. It is paid by Ryukyu. of."
Zai Chun nodded, "I understand. The local governor cannot avoid trading with you, Master. As long as he proposes to use bonds to trade, there will be a ten thousandths discount. Then the local governor will naturally be happy to accept these bonds..."
"At that time, the people will take a look. Big merchants are willing to accept these bonds. Government tax collectors are also willing to accept these bonds. Not only are they willing to take them, but they are even rushing to get them... just like the military coupons issued by Tanggu and Ryukyu. It is obviously a piece of paper. Paper became the soldiers' wages. And all the merchants refused..."
"Master. How come you have such a brain? You are too smart..."
Xiao Letian took a sip of wine and said lightly, "A country's economy cannot rely too much on taxation. It's like a necklace with only one silk thread on it. The risk is too great. It's like a long-term war in the south. The taxes in the southeast are ruined. The thread is broken with a tug."
"So I want to add an extra thread to the economic necklace. Make it a double insurance. It seems a lot more complicated. But it gives the court a chance to turn around. The national treasury suddenly has millions of taels of silver. The financial crisis is Isn’t it time to get through it?”
Zai Chun suddenly realized this. He continued to beg his master shamelessly, "Good master. Since you have such a good idea, then underwrite more bonds. The treasury has tens of millions of taels of white paper. You can be more generous. Get it done." Ten million is enough..."
Zai Chun is indeed smart. He keenly discovered the important role of Rakuten Bank in the entire bond underwriting chain. Once the average mediocre person discovers an opportunity to make a fortune. Most people think of eating it all to themselves. Especially those emperors who grew up listening to flattery. I feel even more amazing.
Things that you, Xiao Letian, can do. Couldn't the court do it? I kick you away. Isn’t it possible to issue bonds yourself? I will make the money myself when the time comes.
But Zai Chun is no longer an emperor raised in a deep palace. It has been more than half a year since I started studying abroad. The ups and downs made him mature quickly.
It is important for people to know themselves. He knew very well that the matter of underwriting bonds was definitely not as simple as the master said. Just rely on those rubbish from the Ministry of Household Affairs or the Ministry of Internal Affairs. There is definitely no way to do such a big business.
Expect to risk failure by groping for stone. It would be better to just board the master's ready-made ship. At least it's more stable. Zai Chun didn't feel it himself. He is now relying more and more on Xiao Letian.
Note: Please go to the official website 'Chinese website' to watch The Hidden Dragon of the Qing Dynasty. Reading on the genuine site is a subscription. Only genuine subscriptions are available. Only those with a pure mind will add more.
The charging standards of the main site are as follows. Charge three cents for a thousand words. Thirty cents for 10,000 words. The fee is three yuan for 100,000 words. Thirty bucks for a million words...just look at it. The genuine ones are actually not expensive at all. The ten dollars you pay is enough for you to watch for three or four months.
One final word. When you watch "The Hidden Dragon of the Qing Dynasty" online and recharge before spending money. It is best to come to the group and ask if the website you are looking at is truly genuine. Because there are many websites that charge fees but don’t give Xinjing a cent. Your money has actually been defrauded.
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