Is Treasury bonds considered business?

The emperor thought about this question seriously: "I am not a businessman. But looking at the world's business, those who do it for a long time can benefit their descendants. At present, the treasury bonds can only solve the urgent problem. Once the treasury deficit is made up, it can be paused. In the future, if the treasury is tight, it can be followed. I will ask the businessman in front of me, is this treasury bond considered business?"

The question was thrown back, Xiaoxiao was waiting for the other party to ask back, and now he cleared his throat and said-

"Minister women think that treasury bills are not real business, nor are they one-time transactions, but only a form of debt that makes up for the imbalance of treasury income and expenditure. After this treasury bill sale, many civilian banks will definitely follow suit. As far as the women know, there is no precedent for money banks across the country to pay interest. Not only that, the person who saves money also has to pay the management fee for the money bank. The more money they save, the more management fee they pay."

"In other words, although treasury bonds are not considered business, they can drive countless businesses to rise." The emperor did not expect that borrowing money could also play such a chain role.

"Your Majesty is very much." Xiaoxiao nodded, "But the credit of these money shops is not as good as Your Majesty's credit, the credit of the country! Wouldn't it be better if Your Majesty can take advantage of this opportunity to turn the coupon sale yamen into a shop that opens its doors and runs a big business that benefits the descendants of the people?"

Yes, this should be the biggest business in the world! Xiaoxiao finally found the answer in every question and answer.

"Do you want me to open a money shop? This is considered a national money shop?" The emperor is worthy of being the emperor. It is not easy for an ancient man to think so hard about the electric power.

"What's wrong? The emperor is the king of a country, so he should be in charge of the wealth of the world!" Xiaoxiao nodded vigorously, cheering for the monarch in front of him.

The emperor touched his chin and continued to listen to the other party.

"If this is true, the people can safely store the silver in His Majesty's money house for a long time. Treasury bonds are a special form of bonds, and the interest rate for depositing money in the money house can be lower. In this way, the treasury silver will soon be full." Xiaoxiao emphasized his tone, "More importantly, if there are enough people who save money, the emperor can always find out the financial situation of the country."

The emperor had no words for a long time, and never thought that borrowing money from the people could be so deeply explored! Opening a national money house? Understanding the total income of the whole nation? Is it really easy to achieve what has troubled emperors of all generations for thousands of years?

"When the national money house has money, His Majesty can use this money to do national industries. If these industries can generate interest, it can be considered business, such as minerals, smelting, medicine, etc. The money earned can not only enrich the national treasury, but also do many public utilities that benefit the people, such as opening national clinics, schools, museums, libraries, etc., which is truly taken from the people and used for the people."

Xiaoxiao felt that he had said a little too much, but he didn't feel regretful.

The emperor hasn't spoken for a long time.

The entire Palace of Heart-Healing is like a giant beast that is about to wake up, as if it has seen the secret of heaven and earth, sucked in clear breath, spit out turbid air, and understood the cycle of reincarnation while swallowing and spitting.

Just when Xiaoxiao felt a little uncomfortable in this long silence, he suddenly heard the man on the throne say, "The money house is not nice, it looks like a private money workshop."

The emperor is determined to open a money shop?

Xiaoxiao hurriedly said, "Then please give your Majesty a more appropriate and generous name."

"I can't think of it for a moment, but I can't get rid of the money," the emperor probably felt cold in his hands and put his sleeves up like a civilian. "You think of one, I'll listen."

"Then the young woman said bravely," Xiaoxiao slowly stood up and said solemnly: "Bank - What does Your Majesty think?"

Is it OK? Can the country's money house be called the National Bank? As Xiaoxiao's passionate expectation, he heard the emperor's voice slowly coming: "Okay, it's called Yuanlong Bank."

Yuanlong Bank.

Xiaoxiao never thought that when he arrived in this strange dynasty, he actually helped the monarch open the first national bank in this dynasty!

For a moment, Xiaoxiao was very excited, and the emperor was also very excited.

When he was excited, he became hungry. The emperor said: "She has lunch. What do you want to eat? Tang Xiaoxiao."

This is the first time the emperor called his name. Tang Xiaoxiao was indeed a little hungry. The bowl of hot milk just now could not withstand such huge mental labor: "Go back to your Majesty, in our hometown Yanzhou, we have to eat fried dumplings when the beginning of winter..."

The emperor said to the eunuch beside him: "I also want a fried dumpling. Now it's almost time to get to the Water Official Festival, so let's cook some red bean dumplings."

The eunuch hurriedly ordered.

Xiaoxiao couldn't help but think: If the Tang family really could turn over and wait for themselves to return to "Pleasant Self-pleasing", they must write a fashionable manuscript - "Have a Midnight Snack with the Emperor".

...

It is worthy of being a palace imperial meal. The fried dumplings are made in small and exquisite, but the dumpling filling is very friendly: the same as mutton and green onion filling, and the same as pork and cabbage filling, all taste very delicious.

Red beans are sticky, glutinous and sweet, and even the round soup is very delicious.

What surprised Xiaoxiao was that there was nothing else in the midnight snack except the two orders from him and the emperor. There were not even some matching snacks or side dishes, which was not as luxurious as the Tang family’s previous midnight snacks.

I don’t know if it was because of the deficit of the treasury or the emperor was used to being frugal.

Thinking of this, Xiaoxiao couldn't help but feel a little fond of the king in front of him. Although this person is sometimes willful, his general direction is always good and he can be regarded as a wise king.

But why did this occasional deviation be caught up by the Tang family? Xiaoxiao sighed in his heart and continued to scoop red bean balls with a spoon to eat - the more you are at this time, the less you can't be discouraged. Instead, you have to teach him how much he would regret it if the whole family really killed the Tang family!

A midnight snack was eaten clean by Xiaoxiao, without wasting any of it.

"Setting up a bank is a big project, and many risks should be thought of one step ahead of time. This matter has not only involved the national treasury, but also the pockets of the people. It is a top priority." After the emperor finished his midnight snack, he entered his job role again without a single pause.

Xiaoxiao only saw a real workaholic this time.

"The establishment of a bank is indeed a big deal, and careful planning is required in advance. The young woman thinks that these Yuanlong banks, big and small, must have a specialized department. We will call them the general bank for the time being. The general bank needs to regulate the national currency and even the national macroeconomic." Xiaoxiao boldly proposed the concept of the central bank.

Banks need unified management, and the functions of central banks are indispensable, just like the People's Bank of China in our country or the Federal Reserve in the United States. The existence of this sector is like the stabilizing force of the national financial industry.

The emperor thought quietly for a long time: "When mastering the national currency, it can indeed regulate the national economic balance. In this way, it will be enough for me to talk to the general bank in the future."

To be honest, Xiaoxiao has not studied these banking knowledge seriously, and is really not a professional. Now he can only accumulate what he saw and heard in his previous life: "In fact, it is not only the country's money, but also foreign exchange. Didn't His Majesty's first pot of gold earn real money overseas through shipping? This money should also be counted in the bank."

The emperor did not expect that this matter could be so deeply explored: "In this way, banks need to manage not only the cash bank of the people, but also the silver from overseas, bonds such as treasury bills, and even gold that is different from ordinary silver."

When Xiaoxiao heard this, she sighed: "Your Majesty is still thinking carefully!"

"In this way, it is far from enough to establish a certain bank. The banks under the general bank should be classified. Just like the foreign exchange you mentioned just now, there should be a special bank to manage, and even the foreigner's bank must be identified and exchanged." The emperor is worthy of being the king of a country, and he will soon be able to draw inferences from one example and think of many aspects.

Xiaoxiao also said: "In addition to foreign exchange banks, we must also consider the establishment of banks based on geographical location and differences in various industries, such as banks specially set up for farmers in the village. Such banks not only regulate banks, but also include food that can replace silver in the hands of farmers. Mastering the exchange between these money and grains can not only maintain currency stability, but also prevent inflation."

To clarify the amount of money and grain to prevent inflation - a small bank actually defeated ten, solving the legacy of the imperial court for decades.

The emperor hasn't been so happy for a long time.

The two talked a lot about the bank issue, and before they knew it, more than an hour passed. After basically sorting out the main idea, the emperor asked the official in charge of the records in the hall: "Did you remember them all?"

The officials' wrists were almost broken: "I'll write them down when I go back to your Majesty."

"Let me remember it again."

"Thank you for your compassion."

The emperor asked Xiaoxiao again: "Where did you say it just now?"

"Allow other private money houses to coexist with banks. As long as the supervision is strengthened, the effect of blooming flowers can be achieved." Xiaoxiao replied.

"Well, the general bank cannot manage so much. The regulation and management of these detailed systems should be set up with a special regulatory department, which will be called..."

China Banking Regulatory Commission?

"Yubi Temple, how about it?"

"Your Majesty's wiseness."

"Okay, the bank's affairs will come to an end for the time being," the emperor took a sip of tea to moisten his throat. "Do you have any new ideas about the people-friendly policies you mentioned just now?"

Now we start talking about state affairs? I haven’t said anything about my own business yet.

Xiaoxiao thought for a while and said, "The country can only become more prosperous and strong with its own industries. When the money in the treasury is filled, it can use the money to the people and return it to the people. In fact, the country's development of its own industries is itself a way to benefit the people."

When talking about the so-called industry, the emperor felt a little ashamed. Now the palace does have these weaving bureaus and construction offices, but the things produced here are used by the palace themselves. He did not think about using these things to create wealth for benefiting the people: "I hope to hear it carefully."

"For example, the decoration and manufacturing offices that the criminal merchant Tang family was responsible for before could be considered as the country's industry, and the royal merchant only occupied a part of the shares;

"For example, the court can make the newspaper bigger and stronger than just an important notice like the moment. If the newspaper is rich in content, it can not only represent the image of the country, but also serve as the mouthpiece of Your Majesty. For some important matters, Your Majesty can make a sound through the newspaper;

"Of course, there are also some large industries that must be controlled by the state, such as mining, smelting, and military industry. The promotion of these industries can not only enrich the country and strengthen the people, but also bring benefits and wealth. Just in the development of these industries, it can solve the employment problems of many ordinary people."

"Employment question?" The emperor grabbed a sensitive word.

"Yes, in fact, not all the people hired by the national court are for official meals. There are also many people who can work for the country's enterprises - such as military industry, the country can open special military factories, wardrobe factories, etc., and then recruit some workers to work, and determine the working years through contracts. Those jobs of making tents, bedding, clothes, shoes and socks can even recruit female workers to do it, which solves the livelihood problems for many families."

Xiaoxiao looked up at the emperor and saw that the other party did not feel disgusted by this, so he mustered up the courage to continue saying: "If these countries' industries are linked to banks, the money of these workers can be reflected in the form of bank deposits - for example, give each worker a bank deposit, and the monthly wages are written on the note. If you want to use cash, just take the note to the bank to exchange it. This will save trouble and bring many customers to the bank."

There was a little praise in the emperor's voice: "This will also reduce the country's silver expenditure."

Indeed, the establishment of banks allowed many people to deposit all their cash in their banks. They only used silver when money was needed to be circulated, and most of the silver was deposited into the treasury. In ancient times, the currency used was real money and silver, which were not resources-rich.
Chapter completed!