C1421 A fanatical primary market (1/2)
Three million south of the river was equivalent to three million silver taels. Actually, the Jiangnan notes could only be considered as half of the currency. His own value was fixed on the silver coin.
The Letian Bank had always had a currency exchange business, so it was not correct to say that he was a credit currency. They only used paper money to pay taxes on the Chinese and the Great Qing. Due to the internal workings of the Letian Bank, they could be given a certain discount.
This was Xiao Letian's brilliant point, he was actually using the government's credit to increase the South Ticket's market acceptance.
Look, our bank notes are so good. We can even exchange them into real silver coins at any time. Why don't you accept such a good bank note? Only a fool wouldn't want it.
This was the double insurance that Xiao Letian had added to the notes. In fact, as long as there wasn't a war, then no one could shake the credit of the southern ticket. In the end, this Jiang-Nan financial crisis was still a war crisis.
mulberry had obtained three million silver taels, which was equivalent to 3.2 million silver taels from the Great Qing's algorithm. With such a large amount of cash, the God of Fortune, who had seen a great deal of trouble, almost had a stroke due to his stroke in joy.
He rubbed his hands together and shouted, ”This time, I am relieved. Now that my industry has been revived, money is finally gone …” ”If you don't say, since the Prime Minister loves us so much, I'll sell myself to the Prime Minister!”
”Guys!” Carry our money and go around the city! Let the whole of Suzhou see how much my family has melted away! Let's see if they still believe in the stock market! ”
The servant from mulberry shouted excitedly. Two people carried their money chests and left, while the commoners outside were stirred up.
In order to increase the visual effect, mulberry and Wang Liuyi calculated that they should temporarily exchange the three million paper money for three million silver, ten thousand boxes, and an entire thirty boxes of silver coins being carried by sixty men, they majestically walked into the streets of Suzhou City.
This time, the whole city was in an uproar, looking at the bright and shiny Dragon Mark Silver Coin, the whole city was filled with the sound of swallowing saliva, all the people were praying together, ”Finally we have money, the big river has water, the big bosses have money, our business is done!”
”How envious! ”I'm so envious! If only my family's store could go on the market too. I don't even dare to think about raising 100,000 yuan. My restaurant would dare to open a branch!”
The crowd broke out into a flurry of discussion. Some were praising, while others were envious. Of course, there was the sound of red-eye disease. Sister Qing looked at the large amount of money in the crowd and cursed in an extremely resentful and malicious voice, ”Are you all dumb? What does the big boss earning money have to do with you? Take care of your little money and live in poverty! ”That has nothing to do with you, and getting rich has nothing to do with you …”
Hearing such malicious curses, someone retorted, ”That's unreasonable. There is a barrier in the first tier market that we cannot enter, but I've heard that there is still a secondary tier market. When the time comes, can we buy 100 or 200 shares as a bonus?”
”That's right. Simply saying that the shares of the mulberry family are split into two parts a year isn't considered a lot! I'll put in two hundred dollars and get forty at the end of the year! ”Only a fool would not do such a safe and secure business deal …”
”Bullshit …” It's all bullshit! ” Sister Qing spat on the ground fiercely, ”You even have a level 2 market, it's all lies! Those big traders will eat people without even spitting out their bones, when the time comes, they will cheat your dividends, making it so that you won't get a single cent!”
”Aiya, sister-in-law Qing, your words are wrong. Is there anyone who dares to violate the rules set by the prime minister?” Who would dare to create a fake account? They weren't afraid that the Prime Minister would dispatch troops to deal with him! If we can't trust the Big Merchant, how can we not trust the Prime Minister? ”
All of Sister Qing's anger came from the fact that she had lost all of her money on the South Ticket. This time, she had lost around 6000 to 7000 South Ticket.
If she still had so many bills in her hand, she could laugh to death if she were to put even a tenth of a dividend into the stock market every year. It was a pity that she had no money left. With such a large amount of fat, she could only look but not eat. It would be strange if she did not scold him.