I, the patron saint of the frontier of the Tang Dynasty, was forced to rebel

Chapter 25 Banks, Financial Beginnings

Qin Mu's expression was gloomy.

A group of small countries really don't have a long memory!
One day, all the surrounding small countries will cease to exist!

"Your Majesty, this is also a normal phenomenon. Merchants are chasing profit, let alone a country. I propose to find mines in the four continents to reduce costs."

"But remember, no matter where there is a shortage of money, the army must not be short of expenses!"

Lin Quan frowned, "Yes."

This was followed by reports from officials in several other places.

To sum it up in two words, lack of money!

There are too many people, the plate is big, and the expenses are naturally terribly high.

But Qin Mu is very clear that this result is because the current political structure has not been completed, resulting in the financial failure of various regions.

After more than an hour, a group of officials left, leaving only Yue Fei, Lin Quan, and Zhuge Liang.

These three are his closest and most trusted.

"You are also aware of the current situation. Not to mention the war, if it continues to develop in such a chaotic manner, it may cause problems within us. What do you think?"

The three of you look at me and I look at you.

In the end, it was Zhuge Liang who stood up: "Your Majesty, I believe that people's livelihood is important, but we have to choose a time to carry it out. Why don't we wait until the war is completely over and start to consolidate the people?"

"The first point is that almost all of the current expenses are caused by overpopulation, rising food prices and other issues, and we give merchants a certain amount of subsidies to keep them at an average price. This is good for the common people, but not for us. Big question!"

"Second point, the hearts of the people are important, but if things go on like this, the people will lose their fighting spirit, and it is impossible to generate enough loyalty to us for the sake of stability."

These two points can be said to be on point.

Qin Mu also agreed, "You're right, but you can't stop regulating market prices. Besides, if the people want to be safe, let them start working hard to make money."

As he said that, he smiled, "The money earned from us must flow back in, so as to generate benefits!"

"Your Majesty, you mean to encourage the common people to consume?"

Lin Quan immediately thought of a solution, "This is very simple, build more places to provide entertainment, and you can definitely make a lot of money!"

"No, this approach is corrupting our internals. What I want is to make both parties not lose money, and it will be of great help to us in the future. Maybe we will never be short of money!"

"Never short of money?"

In an instant, the three of Zhuge Liang turned pale with shock, their faces full of disbelief.

"Qian Zhuang, do you understand?"

"You mean to open up lending, let them settle the payment, and we eat interest?"

Qin Mu sighed slightly, this Lin Quan was full of money, if he was put into modern times, he would definitely be a rich man.

However, in this era, imagination is lacking.

"The current banks can only deposit and withdraw large amounts of money, and cannot trade at will, and the interest on loans is even more frightening."

"So, I plan to set up a money bank, or a bank!"

As soon as he finished speaking, Lin Quan made a rebuttal.

"The establishment of a bank requires a lot of money as a guarantee, otherwise no one will trust us."

"Yes, you need to solve this problem too!"

"Me?" Lin Quan was horrified: "King Xian, where do I go to solve it? This is in the millions, and I can't even get it all together if I sell it!"

Qin Mu couldn't help feeling amused, "I didn't ask you to take the money either. I'll talk to you about this issue later. Now let me tell you about the bank's situation."

"The bank can be said to be an upgraded version of the bank, but the change is the adjustment of interest and other aspects, and it is open to deposit and withdraw at will. Anyone who opens an account in the bank can trade at will, even if it is a penny."

"Then we can't do business at a loss, can we? Help them trade money for free."

As expected of Zhuge Liang, he immediately discovered the point.

Qin Mu smiled: "I'm afraid Mr. Zhuge has already thought of it?"

"I don't know, please ask the virtuous king to make it clear."

How humble.

"Money transactions do not exceed one hundred taels of silver for free, and each additional ten taels of silver will be charged a fee of one tael. Moreover, a regular deposit will be added in the future. As long as one year is over, even if it is ten pennies, you can get more than one penny interest."

"The depositor pays us?"

"We pay them!"

Zhuge Liang frowned, "Your Majesty, we help them keep their money, should we give them more interest?"

"That's right, only in this way can more people be attracted to deposit and open accounts, and those who deposit regularly for one or two years, think about it during this time."

"You mean to use this money to operate and achieve our purpose, and the interest given is just a small amount of money!"

Lin Quan and Zhuge Liang were extremely shocked, and after careful thought, they found a problem.

This is like using other people's money to accomplish your own goals!

For a long time, I only pay a small amount of money on my side, and the other party should be grateful!

"The virtuous king, you are the only one who has thought of such a shocking idea throughout the ages!"

"Since it is No.1, it is natural to do the best. There will be more functions like this in the future. The money needed now must be found from the people."

As he spoke, Qin Mu rolled his eyes, "How do you pay the migrant workers?"

"One knot every day."

"In the future, it will be changed to monthly settlement, and those who are unwilling will be disqualified from work. In addition, all the money will be distributed to their accounts, using a special flying money, which I call silver certificates, and enter the market as currency."

"In one, the bank certificates are not registered, and only look at the face value, whether it is buying goods or going to the bank to exchange, it is one to one."

Zhuge Liang and Lin Quan listened very carefully. If they really did this, let alone whether the people agreed or not, at least a large amount of silver would pour into the bank.

From now on, there will be a steady stream of money, and there will be no shortage of money!
"I propose to use gold and the reputation of a virtuous king as guarantees. Only in this way can the people feel at ease."

"Very good, Mr. Zhuge is really clear. I believe everyone will understand the benefits of silver certificates. Heavy silver is not easy to carry and is prone to accidents. Silver certificates are different. They are the same coins but you can carry more with you."

As Qin Mu said, he drew five rectangles on the paper on the table, on which were written one, five, ten, one tael of silver, and two taels of silver.

"Just like this, discuss and decide on a suitable denomination, and then make a large number of them. Be sure to pay attention to the unique row of numbers on the top, and each one must be different, as an anti-counterfeit!"

"Master, the task must be completed."

When Zhuge Liang left, Lin Quan was still unable to extricate himself from the shock.

Such a terrifying gold-absorbing ability, if the whole world is opened, wouldn't it be lying in the gold pile every day!
"Lin Quan!"

"Ah! The minister is here."

Qin Mu shook his head slightly, "Tell me about the business situation you investigated."

"Yes, the number of merchants circulating in the market has increased several times compared to before, and I often interview them to regulate prices, but there is a serious problem. There are gangs forming and colluding to deceive the people!"

(End of this chapter)