But the good momentum has been broken. In order to support the saints in the war, we issued a large number of food stamps in an urgent manner at the end of winter and early spring, and obtained two million shi of supplies.

Part of these military expenditures was used for procurement at Sakai Port, part was delivered to Naojijin Customs Office for procurement, and the remaining part was given to various places for procurement nearby.

Because the use area is spread all over the Kanto region, the market is rapidly flooded with Spo food stamps, leading to rapid depreciation in value.

From spring to now, in just six months, the face value of Spo's food stamps has rapidly dropped from one to four to one to one.

Spo's food stamps are benefits granted to Sbo's establishment by your Majesty. The face value requires the redemption of corresponding grain, so a one-to-one exchange must be maintained.

The road of continuing to issue new food stamps is no longer viable, and we must think of other ways."

Yukino nodded.

At the beginning, Sibo Food Stamps were used to redeem grains compiled by Sibo. Now, Sibo Zhong Fund has distributed all benefits in the form of food stamps, so a one-to-one rigid payment is the bottom line.

This is the welfare food given to Samurai Spocky by Shiba Yiyin, and it cannot be lost.

If one stone of food coupons cannot be exchanged for one stone of grain, it means that the Sibo Yiyin has broken its promise to Samurai Siboji, and the political impact will be extremely bad.

Therefore, continuing to issue food stamps indiscriminately at this stage is an act of political suicide and should never be done again.

Yukino looked at Yangono, who smiled.

"It is not impossible to print another two million stone of food stamps and give them to the emperor to reward meritorious ministers. But we must find a new reservoir to store the excess food stamps before printing more food stamps.

The Hokuriku Expressway has a logistics value of 5 million guan every year, and the profit is about 10%, which is 500,000 guan.

After several stock splits, the total number of shares in Shanglu has now reached 10 million yuan. I teamed up with various companies to get a total of 5 to 6 million yuan, and the equity can no longer be diluted for the time being.

If it continues to be diluted, those who have taken advantage of the new trading route stocks will realize that they have been cut off. Therefore, the reservoir of the Hokuriku Road Trading Road is full and cannot be touched."

Yukino's eyes moved.

"Where's Spall Real Estate?"

Yang Nai shook his head.

"Shiba Real Estate was sold in two phases, and only Shiba food stamps were allowed to be traded. The big buyer came from Owari.

The Oda family expanded too fast, and the old Owari family held a huge amount of wealth.

They were afraid of His Highness Oda's moodiness, so they were willing to come to Shiba Real Estate to invest some money, buy some property, and leave a way out.

After this Battle of Spur Oda, Spur Land's position has become more stable, its real estate potential is greater, and a large number of residential shops can be sold at better prices.

But the problem is, we don't have time to make it.

When people bring real money to buy a house, you must at least have a house for them, right? You can't just take their money and let them go back and wait for the house to be built?

With money comes goods, and this has been the principle in doing business since ancient times. How can there be any fool in the world who gives money and then goes home and waits for the house to be built?

Therefore, although the house sells well, we have no time to build it. If we expect Sibo Real Estate to swallow up the two million food stamps, we will have to wait at least several years.

But now, the reward from the saint is imminent, I can’t wait.”

Yukino looked at Yangno and said.

"It doesn't work on the left, it doesn't work on the right either. Sister, if you have any ideas, just tell me directly."

Yukino is most annoyed by these trivial business affairs. She just needs to know what solution Yangno has thought of and what kind of help she came to seek.

Yukino was willing to do anything as long as it could help Yoshihiro Shiba get through the difficulties. As for the specific details, she became a little impatient.

Yang Nai smiled.

"Yukino, do you know that due to the Battle of Shiba Oda, the Hokurikudo trade route was temporarily cut off. Ishida Mitsunari was worried that there would be a run on grain in various granaries due to the interruption of logistics, so he turned to the saint for help.

The sage gave Ishida Mitsunari an idea.

For the food stamps in the hands of Samurai Spocky, we did a reverse repurchase of the food stamps with an interest of five cents a year, recovered the excess food stamps for savings, and helped the granary survive the run crisis."

Yukino murmured.

“Food stamps reverse repurchase?”

Yang Nai nodded.

"Yes, there are too many food stamps on the market now, because two million stone food stamps quickly entered the market, causing a flood of liquidity and the rapid devaluation of food stamps, which has endangered the existence of the food stamps themselves.

I want to ask you for the right to reverse repurchase food stamps, and use the interest to attract food stamps on the market.

Trading of Shanglu stocks and Sibo real estate requires the use of Sibo food stamps. Once the number of food stamps on the market decreases, participants who want to trade must increase their prices to receive food stamps.

In this case, the face value of the food stamps will stabilize again.

I don’t ask for food stamps to return to the previous high of one to four, but as long as the one to one level can be maintained, let me put the newly printed two million stone food stamps into the market. If there are no problems, it will be considered a success."

Yukino was confused, and Imai Munehisa on the side seemed to understand and said.

"I also know a thing or two about the reverse repurchase of food stamps, but the interest rate of 5 cents is too small. I'm afraid not many food stamps will be attracted to participate in the reverse repurchase."

Yang Nai smiled.

"Then raise interest rates.

The current total value of Shanglu's stocks is about 10 million guan, but the actual market revenue is 5 million guan a year, and the dividend is only 500,000 guan.

In other words, the annual dividend of Shanglu stock is only worth five cents, which is the same as the five-cent interest on the reverse repurchase of food stamps.

As long as the interest rate on the reverse repurchase of food stamps is higher and the dividends are higher than those of Shanglu stock, some people will be tempted to put their food stamps in the reverse repurchase to obtain higher interest rates.

As for the Spur real estate, due to the miracles of the saints, the security of Spur land has increased unprecedentedly, so the price has increased rapidly recently.

Through the reverse repurchase of food stamps and interest rate increases, we have taken away a large number of food stamps from the market. If liquidity is lacking, the value of food stamps on the market will appreciate.

Then, the newly printed food stamps will be gradually put into the market, devaluing the food stamps back to a one-to-one exchange ratio.

While collecting water, they released water at the same time until the two million new food stamps were put in, and the two million stone materials used by the emperor to reward meritorious ministers were obtained.

In other words, as long as you allow me to succeed Ishida Mitsunari, control the reverse repurchase of food stamps, and grant me the power to adjust the interest on food stamps.

I promise to print another two million stone grain coupons immediately, so that your Majesty can have enough money and grain to reward those who have made meritorious service in this battle.
Chapter completed!