Yipin Tang

Chapter 153 Why Borrow Your Own Money

"It's always been ten money a month, and the profit is rolling?"

Li Er didn't seem to believe what Wang Xiang said.

Wang Xiang really felt wronged by being criticized and educated by Li Er, but one thing is clear. Tang Dynasty did not have money houses, but such things as lending have existed since ancient times, and they are all usury, so I heard Wang Xiang talk about borrowing money. Li Er will be so angry when the money is charged.

Li Er misunderstood that he wanted to lend usury. Of course, Wang Xiang had to explain it clearly. The usual monthly interest of two hundred wen was 20.00% interest, and in ancient times it was rolling interest. He was not that dark.He has always felt that money, monthly profit and ten papers are a lot. Which bank in the future has such a high monthly interest rate?But not all of them are making a lot of money. Of course, lending is only one of them, and he hasn't said the most important thing yet.

"If Your Majesty thinks that the monthly profit of ten Wen is still too high, we can lower it a bit. How about Eight Wen?"

Only then did Li Er come to his senses, shook his head and said, "If it's always a monthly profit of ten Wen, it's not high." What is the interest of ten pennies enough for?Who would value ten pennies who can lend a thousand pennies casually?

"Well, I'm not short of the interest of ten renminbi..." Li Er was a little embarrassed to talk about the interest of ten renminbi, the majestic emperor of the Tang Dynasty.

Wang Xiang knew it when he saw Li Er's appearance. It turned out that he didn't like the interest of the ten pennies, and he couldn't help but despise him: it's unjust to say that the interest is high, but it's hard to look down on it if the interest is low.

But who would make the business of running a bank inseparable from Li Er? Wang Xiang had no choice but to follow the advice: "A regular money is worth ten Wen a month, and a month of ten Guan Qian is a hundred Wen, and a month of a hundred Guan is a consistent profit... If it is ten Wanguan, you can earn a thousand guan in a month! If you hold a hundred thousand guan in your hands, you will always get [-] guan and you will not pay a penny more, but if you lend it out, you will get a profit of [-] guan per month."

Li Er immediately became interested when he heard the words. He just thought of lending a consistent amount of money to make a profit of ten yuan a month.

"But would anyone borrow as much as [-] guan?" Li Er thought of another question.

Wang Xiang smiled and said: "It's not uncommon for business to need tens of thousands of dollars in turnover, and your majesty can only lend money to one person, even if you only borrow money, if the people of Tang Dynasty borrow money from your majesty." How much is that?"

Li Er's eyes are getting brighter and brighter. There are more than one million people in the Tang Dynasty, and each of them still has a...

Of course, it is impossible for everyone to borrow money from themselves, but it is also impossible for everyone to only borrow money consistently. The benefits are really considerable. The most important thing is that you only need to borrow money to benefit. There is nothing better than this. Easy to buy and sell.

Thinking of this, Li Er was indeed a little tempted. It has always been that money and monthly profits are less than ten yuan. Not only is it not an unjust act, but it is also an act of benefiting the people as Wang Xiang said. Borrowing a sum of money with interest to solve difficulties will definitely be grateful. This move can not only make a profit but also gain the support of the people and is feasible.

The ideal is full, but the reality...

Li Er couldn't help frowning when he thought of the remaining internal treasury. Li Er's internal treasury was indeed filled a lot with Gewuyuan's colored glaze business, but it was impossible to lend money to the people of the world.

Theoretically speaking, the more money you lend, the more income you will get, but the problem is that Li Er's internal treasury is only about a million coins at most, and it is impossible for him to spend all the money in the palace because the expenses in the palace are not small. Borrowing out, thinking of this, he has another layer of worry.

"What if someone borrows money and doesn't pay it back?"

Wang Xiang smiled and said: "That's why I said that the money has to be borrowed by your majesty. Some people may dare not repay the money lent by your minister, but I am afraid that not many people dare not repay the money borrowed by your majesty. Besides, this money is not borrowed casually." Yes, who can borrow and how much can be borrowed need to be carefully considered. To put it simply, credit is divided according to the borrower's own economic strength, business ability, moral character and other aspects."

"Credibility?"

"Yes, for example, the Yangzhou businessman who traded golden nanmu. First of all, he has been in the business for many years and has never made a mistake. Only such an accident shows that he has strong economic strength and management capabilities. He must have the ability to repay. Secondly, after the accident, he did not abscond but sold the house to make up for his mistakes. This shows that this person is honest and trustworthy, and he will take the initiative to exchange money when he has the ability to repay. Furthermore, this Yangzhou businessman has been supplying the palace for many years. The Jinsinanmu court knows him well. All aspects can be combined to classify him as a type with high credit. If he is a bachelor who is lazy and dishonest, he will naturally have no credit. It is easy for people with high credit to borrow money. The amount that can be borrowed is also large, and it is difficult for people with low credit to borrow money, so the amount that can be borrowed is naturally not much."

"Of course, people who borrow frequently and repay well can also slowly accumulate credit..."

Wang Xiang spoke in great detail, and Li Er listened carefully, sometimes nodding and sometimes thinking.

I have to say that the idea of ​​credibility proposed by Wang Xiang is very novel, but it is very convincing, and Li Er can't help nodding slightly.

Wang Xiang strikes while the iron is hot: "If Your Majesty thinks this method is feasible, you can ask someone to formulate a detailed credit standard, and then the situation that His Majesty is worried about will not appear."

Li Er habitually tapped on the table, pondered for a moment and looked up: "The credit you mentioned is indeed feasible, but..."

Seeing that Li Er was a little moved, Wang Xiang quickly asked, "Does Your Majesty have any doubts?"

"Although I am the emperor of the Tang Dynasty, if all the people in the world borrow money from me as you said, I don't have that much money to borrow."

Li Er's internal treasury can only lend about a million guan, that is to say, the interest of [-] guan a month, tens of thousands of guan a year, at least a lot, but if this is the case, I am afraid that even salt and The sale and purchase of printed books is not as good as it is, and what's more, you have to borrow all the money in your own treasury first, which is somewhat unwilling in your heart.

Wang Xiang laughed when he heard the words: "Your Majesty thinks this business is not big enough?"

Li Er snorted noncommittally, he naturally wouldn't say it, but the expression on his face meant that, Wang Xiang said that all the business in the world can't compare to this business, and now it's still far behind .

"I said that I want His Majesty to lend money to the people, but I didn't say that I have to borrow money from His Majesty."

This remark sounded weird, Li Er couldn't help but frowned and said, "Since it is I who lend money to the people, why is it not my money?"

Is the money that the bank lends is the bank's own money?Wang Xiang smiled, and said meaningfully: "Why does Your Majesty borrow your own money..."

(End of this chapter)