Chapter 1271: Someone Has To Lead The Way

y passed awayThis government, isn't it still up to the chief minister And in the palace, isn't it still up to the empressWhat's so great about a prince anyway.So he was very keen to get closer to the...Chapter 1271: Someone Has to Lead the Way

When everyone was feeling content and pleased, thinking that despite spending hundreds of thousands of taels of silver on this trip to the capital, it was worth every penny, Su Jin's tone shifted. Tonight's grand performance, he announced, was about to begin.

"In fact, the reason I invited all of you today, besides the matters mentioned above, is that there is a major event in the court that requires your participation."

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These key pieces of information immediately caught the attention of Cao Kun, Jin Wannian, and others.

Nan Gong Shou Zhong's eyebrows twitched, he held his breath and waited with bated breath for Su Jin Pa's next words.

Su Jinpa didn't keep them waiting any longer and revealed the entire national debt plan.

Based on the empty imperial treasury, they concealed the fact that the Liao army was attacking Yueya Pass, merely stating that military expenditures were substantial and the court was now financially depleted, unable to bear the burden.

Under this complementary relationship, there was a plan to issue national bonds to the world under the guise of borrowing from the Ministry of Finance and the imperial court's establishment of new pawnshops.

The entire plan was eloquently laid out by Su Jinping, with a clear logical structure, distinct sections, and well-defined focal points.

This professional explanation allowed the group of wealthy individuals, who were hearing about national bonds for the first time, to understand the complete details of the plan in the shortest amount of time.

Including Nangong Shouzhong, after figuring out what government bonds were all about, the only two words that popped into his head were: genius.

Whoever came up with the concept of national debt was absolutely a genius.

This kind of economic thinking completely breaks away from the traditional, inherent simple economic model. It goes beyond the ordinary person's view that transactions and exchanges are simply bartering goods with gold or silver as a measure of value. It elevates economic behavior to a whole new level.

They first learned that a country's creditworthiness could serve as collateral, as a borrower, to borrow money from the entire society.

Through national credit guarantees, the imperial court can raise a large sum of money in a short period of time and use it for its intended purposes. Ordinary people can benefit from interest income and have absolute security.

Keeping money in a bank may raise concerns about the possibility of the bank running away with the funds.

But lending money to the imperial court, everyone knows the court can't run away.

And this is borrowing money from the whole world, the imperial court will absolutely not run away, unless the imperial court is willing to lose the hearts and minds of the people.

Nangong Shuzhong thought that national debt was absolutely a brilliant concept.

It is a win-win situation for ordinary citizens to purchase national bonds.

But... Nangong Shouchong looked at Su Jinping and asked, "Your Majesty, before you said that you needed us to participate, but did you want us to help the court promote national bonds"

Su Jinpa shook her head slightly and smiled, "National bonds are a new thing. Everyone present here is a discerning person, naturally able to see that they are beneficial to the common people in every way without any harm. However, wanting the common people to easily accept this new thing and even take out their savings to buy it is obviously not an easy task."

Gong Náng Shǒuzhōng's heart grew increasingly uneasy, and he asked, "What does the court require of us"

Su Jin smiled and said, "It's hard to start anything new. The people don't understand novel things and are afraid to take risks, which is understandable. But the imperial court can't explain and promote bonds one-on-one to every citizen. Doing so might even make them resistant. However, if the people see someone taking the lead in buying bonds, and these people are well-known figures respected by the common people, then things would be much simpler."ly on the Liu family's operation. If the imperial court intervened directly, it would be inappropriate.""The Liu family has always been involved in commerce, with many connections and relatively easy...