Chapter 1177 Treasury Debt Plan

Li Chen's question made Liu Sichun nervous immediately.

She lowered her head and replied softly: "Minist girls are from the Liu family, so they will naturally stay in the Liu family."

At this moment, there were also three uncles of the Liu family and Wan Jiaojiao in the hall.

Wan Jiaojiao has long been used to it.

And the third uncle of the Liu family was almost in his throat.

Anyone can understand what Li Chen means.

The third uncle of the Liu family looked at Liu Sichun with a hot look, and he wished he could rush up to help Liu Sichun agree.

Go to the East Palace!

Go!

What's the best place to stay in the Liu family?

Isn't it good to go to the East Palace?

Li Chen looked at Liu Sichun and said lightly: "Then let's not talk about these things for now. There is another thing you want to do."

Liu Sichun felt relieved and hurriedly said, "Your Highness will give you the order."

Li Chen thought for a while, then as if he had made up his mind and said, "The court will need a large sum of silver in the near future. How much is the bank account?"

Liu Sichun's face changed when she heard this. She said, "There are about 68 million taels of silver in the bank account now, but Your Highness, this money..."

Li Chen raised his hand to stop Liu Sichun's words and said, "I know what you want to say. The money is not from the court, nor from the money house, but from all depositors. If I move this money, it will cause a series of unpredictable changes, right?"

Liu Sichun said firmly: "It is not that it is unpredictable, but it will inevitably cause public resentment, and the credit of the court will collapse immediately. This consequence is much more important than tens of millions of taels of silver. Please do not kill the chicken to get the eggs."

Liu Sichun's words made Uncle Liu San beside him so scared that he stamped his feet.

Even if this matter cannot be done, can you speak to Your Highness more tactfully and can you consider the words?

If Your Highness is angry, next year will be the day of worship for the entire Liu family.

Li Chen said: "How can I not know that killing chickens and retrieving eggs is not feasible? This palace means to issue national debts in the name of the court."

Perhaps the word "Treasury Debt" is too novel, and Liu Sichun's face was full of surprise and ignorance.

That look is a bit cute.

Li Chen explained patiently: "I ask you, how do private pawnshops and money shops borrow money from private individuals?"

Liu Sichun is a professional business expert and replied without thinking: "Either there are people who are recognized by both parties and have certain credit and strength to protect them, or they are mortgaged with items or property. The bank or pawnshop will estimate a limit based on the credit, strength, and the value of the mortgaged property."

Nodded, Li Chen said, "That's right, since private individuals can borrow money, why can't the court?"

"The court uses the national credit as a guarantee to issue national debts to the people of the world. Whether it is the people or merchants, any private or collective can purchase national debts. The treasury bonds are marked on the treasury bonds and the interest on the treasury bonds will be redeemed in one lump sum. Why is this not feasible?"

Liu Sichun widened his eyes, feeling that Li Chen's thinking was too erratic. The court borrowed money from the people, which was unprecedented.

But...it's really feasible if you think about it carefully.

After all, there is no individual or collective credit in the world that is stronger than the national credit. With the national credit guarantee, everyone buys national debts, the court takes the money to do business, and returns the capital and profits when it expires. This is a sure profit for most people.
Chapter completed!