Zuo Zongtang is indeed an important minister among the important officials of the late Qing Dynasty. He has a very vicious vision. The biggest crisis for the Chinese people at the moment can also be said to be a big *, and he discovered it at a glance.
In fact, the evasive strategy used by the Chinese during the war was just a cover-up!
Fighting means spending money, and Xiao Letian doesn't know the alchemy, so where does the money come from? We still have to come from the people and find ways to withdraw money from the huge treasury of the people.
What method should be used? The simplest thing is to borrow money. I issue war bonds and ask the people to borrow money. If you are greedy for interest or simply patriotic and want to support me in the war, then buy war bonds.
This is the most direct and clear way!
But this method is too direct. The size of your issuance will be reflected in the market and anyone, including your enemies, can see it.
Private lending is the first method, and the second method is financial market lending!
In wars, there are always third parties who want to watch the excitement. There are many who want to make war profits, including the City of London, Zurich, Switzerland, Amsterdam, the Netherlands, and New York, the United States... There are too many large financial groups who want to make war profits.
However, the appetites of these institutions are too big. Many loans not only have high interest rates but also have many political intentions. Xiao Letian borrowed a little but not too much.
The third way is to earn it yourself.
Yes, the Chinese have a very large direct-affiliated consortium. The earliest Lotte Bank supported a huge company network through various means.
Sihai Group, Mijia Liang Co., Ltd., and a number of other well-known large companies in Asia have all gathered under the aegis of the long-established Lotte Corporation.
Including the business in the Northern Industrial Zone, it is basically the private industry of the Chinese themselves.
This huge enterprise network, which relies on Lotte Ocean as the earliest foundation, covers more than ten industries such as telegraph industry, steel, non-ferrous metals, machining, shipbuilding, chemical industry, food processing, shipping and transportation...etc.
The profitability of this very large breeding and production monopoly group is very terrible. This is the most important ammunition supply base for Xiao Letian's tanks.
But it’s not enough, it’s not enough!
The fourth way to make money is to directly issue banknotes and then conduct artificial and controllable inflation.
This is a big business that creates huge profits in a short period of time. It can be said to be an evil trick in making money!
There is only 100 million taels of silver in our country's treasury. If calculated based on the one-to-one exchange ratio, I can only print 100 million taels of Nanjing notes. This is the safest, and there is no fear of runs.
But no businessman would be so stupid. Because a banknote has established its credibility little by little, there will be no full run on it.
Pound banknotes have been issued for hundreds of years, and there has never been a nationwide run on them. That is because the British people have too strong confidence in the country.
The Empire on which the Sun Never Sets is definitely number one in the world, and its gold reserves are also number one, who would doubt it!
This will cause physical gold and silver to be stored in the national treasury forever, while banknotes will always circulate back and forth in the market, and only a small number of people will have the need for exchange.
In this kind of business, you only need to keep a certain amount of gold and silver to prepare for small-scale exchanges, and you can do whatever you want with the remaining gold and silver.
Procurement of arms, international bulk settlement, buying colonial land from the British... Anyway, there are plenty of places to spend money!
All excess currency issued by the Chinese will cause inflation in the market. In order to stabilize confidence, Xiao Letian ordered a dozen grain trusts such as Mijia Grain Company and Sihai Trading Company to traffic large quantities of rice northward from Nanyang in the form of state subsidies. Stabilize prices.
This is the national strategy of the Chinese. Why should they attack Borneo, why should they seize Luzon Island from the Spanish, and why should France cede Vietnam?
This warm grain-producing area near the equator is an important supply center for the Chinese future strategy!
Use low-priced food to stabilize the hearts of the extremely poor people. As long as the largest number of people feel at ease and stop making trouble, the remaining businessmen will be easy to deal with.
What's more, there is a fifth way to make money, that is, the stock market in Jiangnan, which attracts the hearts of businessmen like a casino and makes them temporarily forget about the difficulties of the real economy.
In fact, there will always be a day when this money-capital game of changing pillars and shifting the universe can no longer be played. Xiao Letian knows that the holes must be filled in the end.
How much currency is issued will eventually be filled with gold and silver, so that the chaotic financial order can be completely calmed down.
This hole can only be filled with the reparations from the Franco-Prussian War. Xiao Letian knew very well that if the Franco-Prussian War failed, or it won but no money was squeezed out.
Then don't go back to China. Once this financial institution explodes, you will die without a place to die!
Xiao Letian's layout can be hidden from the common people and businessmen all over the world, but it cannot be hidden from people like Zuo Zongtang. They have already seen it clearly.
Fan Jin gritted his teeth and opened his mouth and said, "Commander, I admit that you are right! The head of state has spent a lot of money fighting for years, and we have also drained a lot of water from Jiangnan's economy..."
"But this has nothing to do with my proposal! When did I say that I would use Nanyuan to pay for your military expenses? In the end, I still have to use real money or real weapons and ammunition to support you!"
"Our solution is not to just stuff you with a sack of banknotes. We still have to send you foreign guns and cannons, guns*, and truckloads of food supplies!"
"What you have to consume in the war are real things, not just a few pieces of paper! You don't have to worry about money. Isn't it enough that you can get military supplies by then?"
"Ouch! That's not a small tone..." Zuo Zongtang said with a sneer, "More than 30 million taels of silver military supplies, after all, you need money to buy them. If you don't have money, you don't have money. Do you really use banknotes to buy them?" "
"Jiangnan is already poor enough. With years of war and war, you still want to take away another 35 million taels of wealth? Aren't you awake?"
"No, no, no..." Fan Jin shook his head, "Please listen to me... Our package solution is like this!"
"As long as the commander agrees, we can set up a company in Jiangnan and unite many businessmen to jointly invest. How about calling it the Western Region Development Bank?"
"To establish such a company, we must invest in the Western Regions. So where will the money come from? It's very simple. Let's find a way from the Jiangnan stock market!"
"We raise funds from Jiangnan stockholders and then invest in the Western Regions. It will be your battle to regain it at the earliest. As long as we win, our stocks will definitely skyrocket!"
"These investors can enjoy the price difference! Don't worry, Jiangnan is richer than you think. Even foreign banks in Shanghai can buy it!"
"Thirty-five million taels, let's split it into 35 million shares... Let's gather all the power of the world to fight this national war. Why can't we do it?"
There was a loud bang, and Zuo Zongtang hit the table with one punch!
"Absurd! Shameless!"
