C803 Peoples Newspaper Reappearance (1/2)
Seeing the group of people nodding and bowing, the two masters felt sick of the news. ”Your news is rather well-informed, and you're right, Xiao Letian is indeed in competition with the imperial government, but this time it was not Xiao Letian who made trouble ahead of time, but the imperial government who took the initiative to provoke him.”
”Originally, Letian Bank used the taxes owed to the courts by the various countries to sell the accounts bonds. They formed the bonds out of a large amount of money, and after the accounts gave Xiao Letian 10 million RMB, Xiao Letian issued 10 million RMB worth of bonds.”
”Someone will say it, then what does Xiao Letian want? There's an extra cost to printing bonds... ”You guys don't understand, the accounts department giving Xiao Letian bonds have a discount. I don't know how much the discount is, but 15% won't be a problem …”
”You should understand by continuing like this, the imperial government will give Xiao Letian 10 million silver taels and when we return, Xiao Letian will give the imperial government 8.5 million silver taels. Of course, we can also use the top of the materials that the imperial government urgently needs, such as Gun s and so on.”
”In fact, this is a joyous situation. The imperial court turned the banknotes into money, the Letian Bank made money, and the officials got a salary …” Since it is a tax payment that the local daoyin owes the imperial government, they have to accept it. Therefore, Xiao Letian's bonds can be accepted as tax as well. ”
”For example, at Boss Tian's teahouse, if you take the bonds, you can go the streets to buy grain, or you can go to the south to enter new tea, and you can also turn it in as a tax payment. This way, the bonds will be no different from silver. What do you think?”
The teahouse nodded its head, ”Isn't it? When people first took out the bonds and spent them, I didn't dare to take them. But then I saw that the grain merchants from the south city already accepted these bonds, I saw that they were not afraid of the grain sellers, so I didn't take them.” ”At the very least, I don't need to use the scissors to wring the silver from me …”
”Is that right... What the Imperial Court did this time was not too right. They actually bribed a Ryukyu official who knows how to print bonds, and even stole the technology for printing money. The Imperial Court wanted to do this by themselves! ”
”As you all know, this bond is a piece of paper. He isn't silver, so why do people trust him? That's because they believe that in a few years, this bond can be converted into silver, and the imperial government can accept it as tax silver …”
”If we don't have any silver taels in the imperial treasury, we can print as many of them as we want. ”Sooner or later, we'll end up in the same fate as the treasured banknotes of the Ming Dynasty …”
”Precious money? ”What is a treasure banknote …” someone in the crowd asked.
Third Master Ding had drained the last bit of ink in his stomach before roughly explaining it to the people. When they found out that the purchasing power of the bonds in their hands was likely to be greatly reduced, they instantly became angry.
”How can we do that? It was so easy for our hands to loosen up a bit more, but why is there another problem …”
Second Master Ma sneered, ”Now you know why we ate and drank so much at such a young age? I can't keep too many of these bonds in my hands. Although I can't exchange them for Real Gold and Silver s, I can at least exchange them for food and things … ”
”Let me tell you this. I've already spent more than half of my family's bonds, so I have enough stored food until next fall. I've already prepared New Year's gifts for the coming year …” Heaven knows what kind of market bonds are in the future! ”
”No, I have to go shopping as well. Second Master is right. Only when I get something else, will I feel at ease …”
Just when the shopkeeper was urging the waiter to hurry up and pay the rent, suddenly, there was a burst of noise coming from the street. A lot of people jogged to the end of the street, but the people in the teahouse didn't understand what was going on and peeked their heads out through the cotton curtain.
”Ox...” What happened? ”Have they rebelled …”