National debt.

In fact, Wu Nian didn't know much about national debt, but he still understood the most basic principles.

The country has no money and borrows from the private sector.

When a country has money, it can do things. For example, it can be used to launch wars.

Now he is following suit and issuing two kinds of treasury 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 Mongolians are not included in this list.

But Wu Nian believed that there would be people from Chu, Goguryeo, and Fusang who would buy this kind of national debt.

Either due to 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 their own interests. They will buy it.

Of course, for these foreign businessmen, you have to check their backgrounds. They must be friendly to Han people.

Issuing treasury bonds is, to put it bluntly, a way of monetizing one's own credibility.

The first person to issue bonds was Wu Nian, not the Daojun Emperor of Chu. Some people believed in Wu Nian and were 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.

How can this country borrow money from the private sector? Even if it is called national debt, they think about it carefully.

"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 to it. 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 raised his head and glanced at Wu Nian. Wu Nian used to be a drunkard and a gambler, and he often borrowed money. As a result, the dog ignored Wu Nian.

Which 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 it that you save money on weekdays so that you can tide over any difficulties?

"Actually, the key is not borrowing money, but whether the borrowed money can be paid back in time. I probably understand what the general said. Just talk about bearer treasury bonds. The term is one year. Interest is secondary."

"If we really amassed two hundred thousand taels of silver and put all the money into the army, we wouldn't even be able to pay back the money after we spend all the money."

"If we issue national debt once a year, no one will buy the new national debt. Our credibility will collapse. What's more, it will 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 Meng Yuan people. I am willing to give it, and the person who lends me the money will kneel down."

"The life and death of the country are based on the interests of the country."

Wu Nian spoke calmly, but he had a breathtaking 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 and said. Compared with Wu Nian's consciousness, he was still too shallow.

"Don't be ashamed. What you said is right. If I were rich, I wouldn't be willing to bow down." 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. If I don't repay the borrowed money, I, Wu Nian, can't do it. 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 pay normal taxes. We can support 180,000 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, maintaining credibility."

"second."

At this point, Wu Nian's eyes were full of smiles. He said: "As long as I win and capture the thirty-two counties of the five prefectures in Liaodong, am I not worth these two hundred thousand taels of silver, plus a little interest?

"

"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 cannot 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 that it was so impeccable that it could not be refuted.

We borrowed money from the private sector, even from foreign businessmen. We borrowed money to raise soldiers. We raised soldiers and paid to conquer territory. If we won the battle, we could use the money to pay back the money.

If there were five prefectures and thirty-two counties in Liaodong, plus the shipping company, copper ingots and other miscellaneous income, it would be really careless to support 180,000 soldiers.

But the only one who can do such a thing is a general.

It's all said in the military books.

Soldiers are unpredictable, and water is unpredictable. Who can fully understand the war and guarantee that he will win? But the Liaodong Tigers are really a golden sign.

Many people believe that Wu Nian will win and will continue to win.

For example, Kyogoku Yuki.

Only when Wu Nian said: I will lay down the territory and pay you back the money will people believe it. Speaking from another person, even if he swears to heaven, it will be useless.

Borrowing money to fight a war is really awesome.

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 some additions."

"For example, if a registered treasury bond is issued with a denomination of at least 500 taels and is held for five years, one can obtain 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."

"We have to do a good job in preventing counterfeiting of this national debt. Not only do we have to stamp it with a seal, but we also have 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 more powerful than Zhuge Liang.

Brainstorming is the way to go.
Chapter completed!