Mohist Tang

“Sure enough?”

numerous officials could not help but regret, many officials regretted it, even Mohist Family Son did not let go of those poor borrowed usury People with ulterior motives are regrettable. If Mohist Family Son can dispense with the money of those who cannot repay the loan, then they have the opportunity to bring down the Mohist Village Bank again.

“If someone doesnt pay even the annual interest rate of six per cent of usury, and even loses their principal, how can Mohist Village collect the accounts? Is it going to force them to sell their children and pawn their wives? The family was broken and the people died, until the usury was accepted. Yu Zhining could not help saying with a sneer.

His intentions are extremely vicious. Anyone knows that once the debt is collected, it will inevitably be accompanied by violence. Once the Mohist Family Son Bank collects debts violently, it must be a huge scandal and its reputation is ruined. Li Shimin’s face suddenly sank. Mo Dun married Princess Changle, which involved the reputation of the Imperial Family. If Mo Dun repeatedly broke out rumors of the destruction of the family, he might not even have a face. Light.

Mo Dun shook the head: “The Mohist Family loves all beings, so how can they do something that goes against the Mohist Family’s ideals.”

Li Shimin’s expression eased , Said: “Then if the people are unable to repay the loan, what will Mohist Village do?”

Mo Dun looked all around and seriously said: “A certain Mohist has long discussed this situation. One is When people apply for a loan, the bank will review their repayment ability and purpose. If it is a transaction that must lose money, the Mohist Family will naturally refuse the loan.”

numerous officials nodded one after another, and the worlds most successful business Mohist Village is about to be counted. If even Mohist Village thinks this business is destined to lose money, it will naturally not waste money.

“Second, bank loans are not for exploiting merchants, but for offsetting the interest on deposits. The annual interest rate of six per cent is the lowest borrowing interest in the world. If the other party loses money, It can only be said that the other partys bad luck has nothing to do with the Mohist Family.”

Li Shimin cant help but nod, the interest rate of six per cent per year is an unimaginable low interest rate in this era. If this is the case and still lose money, thats true. Can’t blame others.

“Thirdly, anyone who takes a loan in Mohist Village must have a mortgage. If the loan fails to be repaid, the mortgaged property and land will be auctioned to repay the loan. In this way, even The auctioned money is not enough for principal and interest, and the difference is not far, and the borrower will not be burdened with too much debt.”

Mortgage is the biggest difference between a bank and a bank. If you want a loan, you must have a mortgage and interest. Extremely low. Although Bank put usury without mortgage, the interest rate is very high. In the end, it was forced to sell the land and the house without the money.

“If the other party loses too much, will he never repay the loan?” Suddenly, an old voice suddenly said.

Numerous officials took a closer look, and it turned out that Wei Zheng personally questioned Mo Dun. Yu Zhining was overjoyed. Even Wei Zheng personally questioned Mohist Family Son. Mohist Family Son must be hard to avoid calamity.

Mo Dun raised his head confidently to meet Wei Zheng’s eyes and said: “If he really can’t pay, then don’t pay it back.”

“No need to pay it back?”numerous The officials couldn’t help but burst into an uproar. They didn’t expect Mohist Family Son to give such an answer.

“Really?” Wei Zheng couldn’t help but ask.

Mo Dun solemnly nodded and said: It is natural that if the borrower is insolvent, or is unable to repay the principal and interest, he can apply for bankruptcy. “

“Bankrupt? “Wei Zheng frowned.

Mo Dun explained: “The bankruptcy system is a protection of the Mohist Family for creditors. When the creditor is unable to repay the principal and interest and file for bankruptcy, the bank will only treat the creditors existing property For liquidation, even if the principal and interest of the loan are not enough, the bank will forgive the debts that it has not repaid. It will not move creditors and relatives at all. It will also leave them with a certain amount of livelihood security, so that they will not be desperate. Start a new life again. “

“Forgive its unpaid debts! “

“I don’t move creditors and relatives at all! “

“Leave a certain amount of life security! “

When the numerous officials heard Mo Duns promise, they couldnt help being stunned. No one thought that Mo Dun was so generous. Compared with the Kill to the last one of the School of Usury, Li Gunli, Mohist Familys bankruptcy system is simply the gospel.

Wei Zheng also eyes shined, and his thoughts turn: What if Mohist Family doesnt accept bankruptcy? “

Mo Dun proudly said with a smile: “The Mohist Family will hand over the review of the creditors bankruptcy to the School of Legalism for trial. As long as the School of Legalism approves it, the Mohist Family will accept it unconditionally. “

Everyone was in a sudden uproar. It was only then that Mohist Family Son was not joking. Although School of Legalism is now living in Mohist Village, everyone knows that School of Legalism is impossible under Mohist Family. Under the fair review of the School of Legalism, I am afraid that the greatest protection is for the bankrupt.

“Dignified Mohist Family Son, really did not disappoint the old man. If you do what you say, the old man is the first One to support you. “Wei Zheng said with a smile, the first to express support for Mohist Family Son.

“Ah! That’s usury! “Yu Zhining was shocked and couldn’t help but look at Wei Zheng. Wei Zheng is very influential among civil servants. If he supports Mo Dun, there will be many civil servants who will fight against him.

“old man I have never heard of usury with an annual interest rate of six percent, nor have I heard of usury without blood. Banks collect usury for the common people in the world to make profits, lend to merchants, and merchants turn crisis into safety and regain their vitality. Such usury, no matter who opened it, This Wei will strongly support. “Wei Zheng shook his gray head, sonorously and powerfully.

“Minister Wei said that bank loans are probably not usury anymore. Li Shimin exclaimed.

“Your Majesty is wise! “Many officials have agreed that the interest rate is so low, coupled with the protection of borrowers by the bankruptcy system, bank loans have deviated from the world’s understanding of usury.

“This old official also supports Marquis of Mo, the world is suffering for a long time, and the emergence of bank loans is the people’s gospel. “Dai Zhou said. The School of Usury’s release of usury will only be frantically plundered, causing individual merchants to go bankrupt. The loan from the Mohist Village Bank has helped each merchant to come back to life. The Imperial Court’s collection of business taxes is also very beneficial, thanks to Mohist. With the rise of Family and the substantial increase in commercial taxes in recent years, even the Imperial Court cannot be ignored.

“This old official also supports Marquis of Mo! “Fang Xuanling also bowed.

“I also support Marquis of Mo!

Immediately, the imperial court bosses expressed their support for Mo Dun. Many officials were unwilling to do so, but they knew that they were already exhausted. After all, the reputation of the School of Usury is too bad, the Imperial Court officials. Most of them cherish feathers, and how can they justify the School of Usury too much, and Mohist Family Son has done too much preparation. A bankruptcy system is enough to clean everyone’s rebuke.