Taking the warehouse back to Datang, Li Erle felt numb

Chapter 88: The debt issue went particularly smoothly
Chang'an City is particularly lively today.

Because there was an imperial list posted in front of the Suzaku Gate outside the imperial city.

The content on the imperial list is very simple.

Datang launched treasury bonds with different periods of one, three, five and ten years.

Depending on the bond period, you can obtain returns ranging from 1% to 10%.

Up to [-]%!
Even after it expires, it can be converted into land, food, and money!

As soon as this imperial list was posted, it immediately attracted countless people to come and watch.

If nothing else, the return on the debt over the period can be close to [-]% at most?
It may not be much if you save a lot of money.

But what if you save ten thousand yuan?
Wouldn't it mean that ten years later, without moving at all, we can get a profit of 1 yuan?

For many people, they definitely don't have so much money, but they usually have some deposits in banks, which are of little use.

And the return on saving money in a bank is obviously not as good as this!
And it was issued by the royal family.

Can something given by His Majesty be deceived?
Certainly not!

Therefore, a large number of people gathered over and looked at the regulations above in detail.

This so-called national debt means the country borrows money from the common people and the lower classes.

The purpose is to raise money for political achievements, and the victims come from Shandong.

Because the treasury is empty, there is no extra money to spend.

That's why we did this.

Anyone who buys national bonds can do so with a certain share of grain and money, and each share will be recorded by a dedicated person.

Treasury bonds generally have a dead period and cannot be withdrawn within a certain period of time. However, if you have to withdraw them, the income will be halved.

In short, according to the return desired by the people who purchased the national debt, the royal family will cash it out after the term expires.

After reading this, everyone immediately understood.

Their Majesty is out of money again.

In fact, everyone knows it.

In the past two years, the state treasury has been emptied by the Turkic war.

Not much money saved.

After the Turks were defeated in the past two years, internal construction must be vigorously developed. The happiness index of the people has significantly improved, and the price of food has dropped significantly, but the royal family has little money.

Now that there is such a disaster relief thing, the royal family has no money, so they took this step.

They naturally understand His Majesty's difficulties.

As for whether they will buy it?
Needless to say?Why not buy it?
After all, if you buy one with a one-year term, you will get a 1% to 3% interest. The more you buy, the higher the return will be.

And this is approved on royal credit.

That must be believable!

After all, the Tang Dynasty is prospering every day, and all nations come to court. They all feel lucky to be the people of the Tang Dynasty.

Who would believe that the country cannot come up with money in the future?

And His Majesty is famous for loving his people like his own children.

However, there are also some objections at the moment.

“If the royal family can’t get the money now, it may not be able to get it in the future.”

"What if the royal family cannot get out the money after the national debt is sold?"

At the same time, Dou Jing, the Minister of Civil Affairs, who was standing in front of the Zhuque Gate, showed the annual income and expenditure of the Tang Dynasty with a smile.

The approximate income is around 200 million yuan.

Expenses are overrun every year
Seeing this, many people who had the idea of ​​buying government bonds hesitated for a while.

You can't make ends meet every year!
Dou Jing didn't mind at all.

After all, he originally wanted to talk about this matter.

"Do you know where the annual expenditure is spent?"

Everyone shook their heads, a little confused.

Dou Jing said with a smile: "This is the financial expenditure from the second year of Zhenguan to the fourth year of Zhenguan. Most of them were used for military expenses."

"According to incomplete statistics, the annual military expenditure is probably around 130 million yuan."

"Now that there are no wars in the Tang Dynasty, can't this part of the expenditure be recovered?" "Now that the Tang Dynasty is alive and well, and all nations come to court, how can you worry that there will be no wars in the future? Come and fulfill His Majesty's promise to you?"

After everyone listened, they were stunned by the confidence of the Minister of Civil Affairs in front of them.

"That makes sense!"

"After all, we are from Chang'an. How did we come to Chang'an? Everyone knows that there was no such prosperity a few years ago. Wasn't it built by the state with money?"

"It is difficult for ordinary people like us to come into contact with matters at the national level, but now that the victims of the disaster in Shandong have come to Chang'an to seek a way to survive, His Majesty is very stretched. What can I do if I can help?"

"That's right. Besides, with His Majesty's reputation, how can he short-change us?"

Everyone recognized this point of view.

Not only ordinary people, but also businessmen.

"Can our national debt be purchased with money or exchanged for grain?"

Dou Jing smiled and nodded.

"These coins and grains will be converted into a national debt at the current ratio. How much principal will it be at that time? How much principal will be returned to you at that time, no matter whether the price of grain rises or falls?"

After hearing this, everyone was surprised.

"Doesn't that mean that if the price of food rises, if I donate 100 shi of food, I can still get 100 shi of food. Regardless of whether the price of food rises, I can make this money?"

“And on top of that, can I get additional benefits?”

Dou Jing nodded.

"That's what your Majesty means!"

There was an uproar in Chang'an City for a while.

In addition to Chang'an City, this kind of royal debt behavior also occurred in various places.

There is actually no shame in saying this.

People seem to be borrowing money, but in fact they are buying.

The purchased token will be carried with you, and even if it is lost, you can go to the Account Department to re-apply for it. You will not be ignored just because you lost the token.

All in all, on this day when national debt issuance was launched.

Chang'an alone received 10 shi of food!
This is just food.

The income from copper coins is 20 yuan.

The purpose of the Ministry of Revenue this time is to raise 100 million!
As long as this 100 million is raised, not only can the victims of the disaster in Chang'an be successfully solved, but there will also be no problem in rebuilding Shandong!

Li Shimin from the royal family was shocked when he heard that so much money had been raised in one day.

Lin Heng is such a talented person!

Li Shimin couldn't help but be shocked.

Chang'an City is our home, and we can see this.

I originally thought of making some money from this famine.

But now it seems that we can no longer add insult to injury.

Therefore, in order to avoid His Majesty's suspicion, each of them also contributed some money to buy some. Although the amount was not large, it was considered as a contribution.

Within the household department a few days later.

Dou Jing was very excited.

“So much money and so much food have been raised in just a few days!”

"This move is like a heavenly act!"

Lin Heng chuckled.

"As long as His Majesty can pay back the money, that will be fine."

“Most people still buy one-year government bonds, and fewer people buy three-year, five-year, or ten-year bonds.”

"It depends on next year's fiscal revenue and expenditure, whether we can pay off all the principal and interest."

All extremely confident.

"What is this? How much money is this!"

"If it weren't for war, would Your Majesty still have to borrow money?"

"Now that the problem has been solved, I will definitely tell His Majesty how good you are!"

(End of this chapter)