Dominate the Country

Issuing public bonds is a common way for foreign governments to raise funds for emergencies. The British government owed 500 million to 600 million pounds, but it was still able to fight Napoleon. It relied on public bonds, also national bonds.

Britain began to build its own national credit system in the 17th century. To this day, issuing national bonds has become the most important cornerstone of the British Empire's hegemony, raising endless funds for the British Empire. But this is not a new thing in China.

When Chen Han first established the country, he also had national bonds-war bonds-land bonds-construction bonds. However, after the tax reform, with the increasing sufficiency of the national finances, the Central Plains has not heard of "national bonds" for more than ten years.

Su Meng was speechless about Shi Wenxuan's "argumentation". Shi Wenxuan's words really have weight. Not to mention that the mother of King Kang is the emperor's favorite concubine, even if the prince was born by a concubine who was not very favored, with the character of the current emperor, there is no reason to ignore it.

The public bonds issued by Kangguo are actually guaranteed by the credibility of the current emperor. Su Meng could foresee that in the future, a series of vassal states and vassal kings would use their elder brothers' and fathers' credit to borrow money. But this matter has been reported to the emperor, and the emperor will definitely acquiesce. So Su Meng had no reason to disagree.

Chen Ming did not have any reason to disagree. Money is money only when it flows, otherwise no matter how much gold there is, it is just a decoration.

As for the public bonds issued by the vassal states, he did not doubt whether they could be sold. The reputation of the Chen family royal family is very good. Chen Han is not my Qing Dynasty? The Qing Dynasty in the original time and space also issued securities similar to public bonds. In the 24th year of Guangxu, the court issued "Zhaoxin Securities" to cope with the financial difficulties after the Sino-Japanese War of 1894-1895. However, because the credit of the Qing court was very problematic, and the smooth issuance of public bonds was inseparable from the government's credit, the "Zhaoxin Securities" issued by the Qing court became a piece of rotten paper, and no one cared about it. Later, "Zhaoxin Securities" simply became a levy of the Qing government, and at least raised some silver. Of course, where all this money was used is an unknown question.

Public debt and national debt are also debts, and debts must be repaid. The Qing government only knows how to borrow but not how to repay, so of course no one buys their account. Chen Han's national credit is perfect.

Chen Ming has no idea of ​​swallowing up the United States and South America in one bite. The cake is too big for him to eat in one bite. But Chen Ming's belief in Chen Han's victory in this war is unshakable.

When the armistice agreement is signed, although most of the war reparations from the Americans, Spaniards and Portuguese will flow into the pockets of the court, the remaining part can also make the vassal states breathe a sigh of relief. Moreover, after the war, each of them can expand their "territorial area" to a certain extent. For the vassal states, this is the foundation that will never change. It is worth spending any amount of money.

Debts have a time limit. Borrow money now to solve the urgent problem and pay it back slowly in the future.

The Commercial Bank quickly finalized the issuance of the first public debt with Shi Wenxuan, with a total amount of 100 million yuan. Kangguo did not need to pay any equity as collateral, and the Commercial Bank guaranteed the issuance of this public debt. Kangguo itself had 90% of the actual income, which was no different from the previous loans. The biggest change was the interest rate, which was increased to 5%, and the term was set to 20 years.

After all, this amount of money had no collateral, and the Commercial Bank also took certain risks.

Although the negotiations went smoothly, Shi Wenxuan still couldn't relax. Sitting in the carriage, he frowned and didn't speak for a long time. Chen Bing knew why Shi Wenxuan was like this. It was not pleasant to owe money. He specifically asked the coachman to drive the carriage to the seaside for a breeze, breathe a few breaths of fresh air brought by the sea breeze, and see the scenery on the Huangpu River to relieve the pressure accumulated in his chest.

Kangguo is a small country, and its population may not even be 200,000 now, but the national debt has reached 400 million. The pressure is huge.

"Brother, this battle can hold back Kangguo for ten years." Shi Wenxuan looked at the Huangpu River for a long time before speaking.

"Your Majesty is in good health, but he is old after all. The battle for the crown prince will be clear in ten years. Who knows what the new emperor will think at that time? Brother, I am really afraid that it will be a dream in the end." It turned out that what Shi Wenxuan was worried about was not the same as what Chen Bing thought.

Looking at a paddle steamer slowly passing by on the river, Shi Wenxuan sighed and looked at the red flag fluttering at the stern. An inexplicable sadness came over him. He retracted his gaze and glanced at Chen Bing, who looked embarrassed.

Up to now, there are few children of the Chen family who can stay out of the fight for the throne of Chen Han, and Chen Bing is no exception. He also placed a bet in this battle for the throne. According to the traditional Eastern concept of power, it is really difficult to predict the new emperor's feelings towards the American vassal state.

If the prince ten years later advocates abolishing the vassal states or reducing the power of the vassal states, it will be fun to watch.

The situation will change, and people will change even more. Emperor Chen was in his prime ten years ago, but although the current Emperor Chen is still in great health, he can't hide the fact that he is sixty years younger.

Sixty is the age of sixty, and ten years later it will be rare.

Look at the hundreds of emperors in Chinese history, how many of them lived to be over 70? There are only a handful.

So, ten years is a hurdle.

And Kangguo alone owes 400 million in foreign debts. It is conceivable that all the vassal states will owe a lot of foreign debts after the entire war. Even if their territory increases, it does not mean that their national strength increases. High foreign debts are also a heavy yoke for the vassal states. With a heavy yoke, it is conceivable how "powerful" the American vassal states will be in ten years.

Newly born countries may have just gotten rid of and struggled out of the debt crisis and quagmire, so even more countries are a pile of garbage.

And how powerful will Chen Han be in ten years?

If the new emperor decides to take action against the vassal states in America, as long as he does not kill them all at once, as long as he slightly softens his attitude and reduces the vassal states, he can make many vassal states choose to compromise. Because the consequence of not compromising is only destruction. A small country like Kangguo may really be "destroyed in one day".

This worry arose in Shi Wenxuan's heart when Kangguo just started to borrow money.

As a former naval officer and a veteran who has been in the business world for 20 years after leaving the army, Shi Wenxuan knows too well the unimaginable power of this huge country. Let alone the war against Russia and the Central and Western War in America, they are all a piece of cake.

How much power did Chen Han use in the war?

The country has no feeling about these wars at all, and the market and the market have not changed at all. Can this be said that Chen Han has done his best?

Let alone Kangguo, even the six countries such as Caiguo and Xuguo, which were the first to establish a country in North America, could not withstand the power of the court when they were combined.

"Brother, why are you so worried?" Chen Bing thought Shi Wenxuan was worried about the debt. The war in North America is still in sight. Chen Bing thinks that the 270 million that King Kang has received is probably not enough, which means that Kangguo's debt will continue to increase, which is really a problem.

Who would have thought that Shi Wenxuan was so worried? But Chen Bing thought about it and it was indeed the case. Even if he took over the throne of the emperor, he was still worried about his uncles and brothers in the west.

On the contrary, the countries in South America are very small and pose no threat to Chen Han at all.

Therefore, Shi Wenxuan's worries are not groundless. However, Chen Bing said: "The emperor is a wise and powerful master, so he won't be unprepared for this, right?" If things really get out of hand, Chen Han will suffer the loss.

Zhengzhou, Central Plains.

This is a city that has developed rapidly in recent years. Its superior geographical conditions have made it an important inland commercial port in Central Plains Province. Now it is one of the main economic centers in the central region of Central Plains in Han territory and the core city of the Central Plains Economic Zone. Statistics from the first half of this year show that this city has ranked among the top 30 cities in China in terms of comprehensive strength.

What makes Zhengzhou even more worth looking forward to is that a north-south artery connecting Yanjing in the north and Guangzhou in the south, the Yan-Guang Railway, is under construction.

At the same time, the east-west construction line also includes the Longhai Railway, which runs from Lanzhou in Longyou to Haizhou [Lianyungang] in Jiangsu. The latter is the ‘Kaihai Railway’ – an extension of the main line from Kaifeng to Haizhou [Lianyungang], and the route follows the original Longhai Line – the tram line.

It saves a lot of energy.

Although it was just dawn, the streets in Zhengzhou city were already a little hot at this time.

For Zhengzhou citizens, now is a golden season. For those who have no ability, as long as they are willing to work hard, they will not only not go hungry, but also gain a lot. The two railways started construction at the same time in multiple construction sections, continuing to use a large number of laborers. Then as long as you enter the construction site, you will not go hungry. This place is a domestic construction site, which is different from the Suez Canal project in Egypt.

The latter has been under construction for ten years, and the entire project is nearing completion. In recent times, the prices of canal stocks in many stock exchanges in China, Japan and other countries have risen sharply, and it is very likely that it will be officially put into use next summer.

Both China and the Ottoman Empire invested huge energy and financial resources in this canal, and also made great sacrifices. Over the years, more than 10,000 canal workers died, including not only Greeks, people from the three southern khanates in Central Asia, and Egyptians, but also some Chinese, Japanese, and Siamese. The completion of this canal will also be a major event that changes the world pattern.

Although no one has disclosed the huge sacrifices of the entire canal project, everyone knows that the construction of this canal is extremely difficult. Compared with the hard work of domestic railway construction sites, it is heaven.

Every breakfast stall has set up tables, chairs and benches, with steamed buns, fried dough sticks, dumplings, and fried cakes as staple foods, accompanied by oil tea, spicy soup, and rice porridge. There are also people selling boiled eggs, rice dumplings, roasted sweet potatoes, and roasted potatoes.

Regardless of the size of the store stall, the food they buy is similar. A group of guests paid and left, and before they stepped out of the door, the second group of guests had already sat on the seats. Zhengzhou has been a super-large construction site and material distribution center in recent years.

It is located at the intersection of two national transportation arteries, which is very convenient for both the east, west, south and north. The sky above is the cargo collection site. In the past two years, Zhengzhou has not only built railways, but also upgraded land transportation, improved transportation standards, and built large warehouses.

At the same time, this is also the largest livestock trading market in the central region. The economic level of the entire Central Plains Province has been raised by Zhengzhou.

Of course, in such a big city, it is impossible that all breakfast places are street stalls. With the hot economic development of Zhengzhou, good things from all over the country are also pouring in. Even if there was no such trend, the mid-to-high-end chain food group controlled by Jiuzhou Chamber of Commerce would not have led this trend.

Compared with the cost of eating buns and drinking oil tea and spicy soup at street stalls, sitting in a clean and bright restaurant, listening to songs and eating breakfast is obviously more expensive. The latter is not something that the general public can enjoy.

Just like the losers who earn three or five thousand dollars a month in the original time and space would not think about driving luxury cars and staying in five-star hotels. Those who can enjoy the latter are guys with bulging pockets.

"Can Kangguo's public bonds have railway stocks?"

"Selling public bonds is to support the American war, and buying stocks is to make money. Can they be the same?"

What the owner of the restaurant talks about is not at the same level as what the guests at the street stalls say.