C3410 There is a way to amass money (1/2)

Zuo Zongtang was indeed worthy of being called an important subject among the late Qing officials. His insight was extremely sharp, the biggest crisis the Chinese were facing could be said to be a huge bomb, which he discovered with a single glance.

In fact, the Chinese strategy during the war was just a trick!

War required money, and Xiao Letian did not know how to use money, so where would the money come from? It was still better to come from the people and find a way to withdraw money from the huge treasury.

What was he supposed to do? The simplest thing is to borrow money, I will send War bond to the people to borrow money, if you are greedy for the interest or you just have a patriotism to support me in battle, then buy the War bond.

This was the most direct and clearest method!

But this method is too direct. The scale of your release is reflected in the market and anyone, including your enemies, can see it.

Folk lending is the first method, the second method is financial market borrowing!

There were always third parties who watched the battles and wanted to make a fortune from them. There were City of London, Switzerland Zurich, Netherlands Amsterdam, New York, USA … Too many financial consortia want to make war money.

But these organizations' appetite was too big, many of the loans not only had high interest rates but also had political motives. Xiao Letian borrowed a little but did not borrow too much.

The third method was to earn money on your own.

That's right, the Chinese had a very large direct branch of the consortium. The first Letian Firm used various means to support a huge network of companies.

Four Seas Corporation, Mi family grain store … A group of famous big enterprises in Asia were all gathered under the Letian Firm's command.

Including the business of the Northern Industrial Zones, it was basically the private property of the Chinese.

This colossal network, which relied on the Letian Firm as its first foundation, encompassed the telegraph industry, iron and steel, color, mechanical processing, shipbuilding, chemical industry, food processing, maritime transport … More than ten industries.

This kind of very large colonization group, its profitability was very scary. This was the most important ammunition supply base for Xiao Letian's chariot.

But it was still not enough! It was still not enough!

The fourth way to amass wealth was to issue paper money directly and then inflate it manually.

This was just a big business deal that would create huge profits in a short period of time. It could be said to be an evil trick in amassing money!

Our country has a stock of 100 million silver taels. If we calculate that I can only print 100 million silver taels on the basis of the ratio of 1 to 1 exchange, it would be the safest.

But no businessman would be so stupid, because a note built up credit at one point, and there would be no full-blown runs.

It had been hundreds of years since sterling notes had been issued, and there had never been a national run because the British public was so confident in their country.

British Empire was the best in the world and his gold reserves were also the best, who would doubt that!

This would result in gold and silver being stored in the treasury forever, and the market would always have paper money circulating back and forth. Only a small number of people would have the need to exchange money.

For this kind of business, as long as you keep a certain amount of gold and silver prepared, you can guard against small scale exchanges. As for the remaining gold and silver, you can do whatever you want with them.

Procurement of arms, international settlement, purchase of colonial lands by the British... Anyway, there were plenty of places to spend money!