As silent as death, Shen Baozhen, Ma Ming, Ma Sanbao, Bai Min... all looked like Zen monks with their eyes, nose, and heart, and they did not speak even if they were alive.
Zai Chun asked three times in a row, and the last voice came from the corner. Everyone turned around and breathed a sigh of relief!
"Your Majesty! It's up to me to answer this question!" Er Mao actually walked out.
Now everyone knows that Er Mao's identity is very embarrassing. He is also the only one of the Manchu eunuchs who dared to call himself me instead of a slave when facing the emperor!
Emperor Tongzhi looked at his playmate with a complicated expression, then thought about his identity and suddenly smiled coldly, "Haha... As expected, you have to jump out when it comes to master. You are such a good godson!"
"Thank you for the compliment, Your Majesty. It is only natural to serve your father..." A soft nail was pushed back, and Zai Chun almost choked to death.
"Okay! Then tell me, why doesn't the Central Bank of China lend me money? Are you afraid that I won't repay the money? Or do you think I'm not worthy of being the apprentice of the head of state?"
"You're so courageous! Master didn't say anything, so you dared to kick me out of the door?" Zai Chun's tone sounded extremely aggrieved as he spoke.
Ermao stopped kowtowing and just stood and replied, "Your Majesty is wrong!"
"Bold! Do you dare to say that His Majesty is wrong?" The Sanbao got angry when he saw Ermao and stepped forward angrily.
"Let him tell me, I'll see what kind of flowers he can tell!" Zai Chun stretched out his hand to stop the three treasures who were about to make a move.
Er Mao had never seen any big scenes. The near-death situation in the Forbidden City had been resolved several times, and he was seen handing over to the San Bao and others.
"Why doesn't Mr. Fan Lian borrow money? In fact, the answer is very simple...because the Chinese have no money!"
There was a bang, and the surrounding officials shouted, "What? Will the Chinese have no money? Isn't this nonsense? If he can fight the Franco-Prussian War and extort so much war reparations from France, will Xiao Letian have no money?"
"I think I just don't want to borrow it!"
"That's right, I just don't want to borrow it. What excuse are you looking for..."
Er Mao shook his head, "Everyone is wrong. The Chinese are rich now because they received compensation from the Frankfurt Treaty... But if you tried to borrow money before, you would never be able to borrow it!"
"Because at that time, the Chinese people really had no money... In fact, the Chinese people's finances were on the verge of bankruptcy at that time, or they were actually bankrupt!"
"There are some things that I didn't say before because they were still in the top-secret period before. Now that I have passed the top-secret period, of course I can talk to everyone..."
Following Er Mao's words, an unbelievable and shocking gamble appeared before people's eyes!
Xiao Letian's rise of the Chinese people is absolutely inseparable from the magic of money. Mercantilism must first pay attention to capital, and how can the Chinese people rely on fighting and burning money when they are so poor?
At first, Xiao Letian relied on privately minting silver coins and cutting off the Qing Dynasty's backward financial system!
This business is indeed very profitable for ordinary people, and it is completely astonishingly rich, but for the great cause of the rise of the Chinese nation, this business of more than 100 million silver dollars is really not enough!
Physical silver dollars could no longer satisfy Xiao Letian's appetite. Taking advantage of the success of his successive wars with the Qing Dynasty, he began to forcefully promote the business of silver-standard banknotes.
This is a super big gold mine. The credit of banknotes relies on the double lock of silver and taxation. People and businessmen can exchange silver at will, and they can also pay taxes directly with banknotes. There are also small discounts for paying taxes with banknotes.
It is precisely because of this dominating business that private gold and silver rolls in, pouring into the Chinese central bank like a tide. How much real gold and silver has been swept away through banknotes is a top secret that even Ermao does not know.
Privately minting silver coins and issuing banknotes were not enough. Xiao Letian also paid attention to bonds and the stock market, issuing various bonds promising high interest rates. Although people were still worried, there would always be a group of adventurers willing to It's a risky bet.
Coupled with the increasingly prosperous stock market, this gives the world an illusion of great prosperity. Everyone thinks that Xiao Letian is the reincarnation of the God of Wealth. It is nonsense to say that he has no money!
But these are all appearances for mediocre people. Xiao Letian and many top elites know very well that the head of state is actually taking risks and making a huge gamble!
All financial methods are actually just borrowing money from the private sector. Sooner or later, the money will have to be repaid, unless you can maintain the confidence of the market forever!
Especially for things like banknotes, inflation will occur once over-issuance occurs. If the proportion of over-issuance is very low, then this behavior can be regarded as stimulating economic development, and it can also cause banks to release money.
But once too much hyperinflation occurs, there will definitely be chaos among the people. If a run occurs, the fragile gold and silver reserves of the Chinese people will be immediately exhausted.
It's too dangerous. How big is this shortfall? Er Mao couldn't explain clearly. The water was so deep that even Xiao Letian himself couldn't find the bottom!
Economists in later generations have conducted research, but there are different opinions but there is no unified result. Some people say that the fiscal deficit was around 200 million yuan at the most dangerous moment, some said 300 million yuan, and some even said it was as high as 450 million yuan.
I don’t know where these people got the data to make their analysis, but the entire economic community believes that the total deficit is between 200 million and 400 million.
Ermao's knowledge was obviously not that high, and his imagination could not reach such a huge figure. In the end, he just reported a deficit figure of about 100 million silver dollars to Zai Chun.
Unexpectedly, Zaichun almost fell off the stone as soon as he said this number!
"A debt of 100 million? Wait a minute, you said that this is not a debt, but that the master defrauded it directly from the market? Are you just waiting for the victory to pay compensation?"
Everyone was dumbfounded. Shen Baozhen's eyes were blurred and he whispered, "God, no wonder when I saw Fan Qian, his hair was as white as snow and his face was as withered as gray!"
"It's unimaginable how much mental pressure he has endured!"
Er Mao sighed and said, "War is a big gamble, and the bet is on the fate of the country...If you win, you will fly into the sky, but if you lose, you will be doomed!"
"If Mr. Shen goes to borrow money now, it doesn't matter how much I want to borrow, but in business, you can't expect the old shopkeeper to give it away for free..."
"But when the finances were at their most tight, you were able to receive a hundred thousand yuan from the old shopkeeper personally. This is already a huge favor!"
Emperor Tongzhi was still thinking about the size of the deficit of 100 million silver dollars. He could only nod subconsciously after hearing Er Mao's words.
Shen Baozhen sighed, "I really should apologize to Mr. Fan Qian... I won't say anything anymore. Tomorrow I will go north to Shanghai and go to Naha to apologize!"
"By the way, lend money to our new army. Don't cry anymore, brother!"
"Wait a minute..." At this moment, Emperor Tongzhi stopped him.
