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Chapter 1177 National Debt Plan

Chapter 1177 National Debt Plan

Li Chen's question made Liu Sichun immediately nervous.

She lowered her head and replied in a soft voice: "The girl is a member of the Liu family, so naturally she has to stay in the Liu family."

At this moment, there are still two people in the hall, the third uncle of the Liu family and Wan Jiaojiao.

Wan Jiaojiao has long been used to it.

The third uncle of the Liu family felt his heart almost in his throat.

Anyone can understand what Li Chen means.

The third uncle of the Liu family looked at Liu Sichun with hot eyes, wishing he could rush up to help Liu Sichun agree.

Go to the East Palace!

go!

What's so good about this shabby place like the Liu family!

Wouldn’t it be nice to go to the East Palace!?

Li Chen looked at Liu Sichun and said calmly: "Let's not talk about this for now. There is another thing that I want you to do."

Liu Sichun breathed a sigh of relief in his heart and said quickly: "It's just His Highness's command."

Li Chen thought for a while, then seemed to have made up his mind and said, "The imperial court will need a large sum of money in the near future. How much is there in the bank's account?"

Liu Sichun's face changed with shock when she heard this, and she said: "There are about 68 million taels of silver in the bank's account now, but Your Highness, this money..."

Li Chen raised his hand to stop Liu Sichun and said: "I know what you want to say. The money does not belong to the court or the bank, but to all the depositors. If I touch this money, it will trigger a series of unforeseen consequences."

Predictable changes, right?"

Liu Sichun said firmly: "It's not unpredictable, but it will definitely cause public resentment and the court's credibility will collapse immediately. This consequence is far more important than tens of millions of taels of silver. Please don't kill the goose to get the eggs."

Liu Sichun's words made Uncle Liu Sanshu next to him stamp his feet in fright.

Even if this matter cannot be done, can you speak more tactfully to His Highness and can you use more careful words?

If His Highness becomes angry, next year today will be the day of sacrifice for the entire Liu family.

Li Chen said: "How come I don't know that killing the goose to retrieve the eggs is not feasible? What I mean is to issue national debt in the name of the imperial court."

Perhaps the word "national debt" was too new, and Liu Sichun's face was full of surprise and confusion.

That look is actually kind of cute.

Li Chen explained patiently: "I want to ask you, how do private pawnshops and banks borrow money from private individuals?"

Liu Sichun is a business expert and answered without thinking: "Either there is a person recognized by both parties with a certain degree of credit and strength as a guarantee, or it is to use items or properties as collateral. The bank or pawn shop will use the credit of the guarantee person.

, strength, and the value of the collateral to estimate an amount."

Nodding, Li Chen said: "Yes, since private individuals can borrow debts, why can't the imperial court?"

"The imperial court uses national credit as a guarantee to issue treasury bonds to the people all over the world. Whether it is ordinary people or merchants, any private person or collective can purchase treasury bonds. The date of redemption and interest are marked on the treasury bonds. When they expire, the imperial court will pay them in one go. Why not

OK?"

Liu Sichun's eyes widened and he felt that Li Chen's thinking was too out-of-the-box. It was an unprecedented anecdote for the court to borrow money from the private sector.

But...if you think about it carefully, it's really feasible.

After all, there is no individual or collective credit in the world that is stronger than the national credit. With the national credit as a backstop, everyone buys national bonds, and the court takes the money to do things, and when it matures, it will return the principal with interest. This is for the vast majority of the people.

, is a sure-fire business.

"Your Highness...how much money do you need?"


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