novelaction Chapter 104: Bonds sold out, 5 yuan in half a day
Chapter 104: Bonds sold out, 5 yuan in half a day
At the end of the team was a middle-aged man with a pot belly, and judging by his dress, he looked like a businessman.
"Excuse me, sir. Where are you from? Are you here specifically to buy bonds?"
The wealthy businessman was still looking at the long line in front of him when he was startled by the sudden questioning voice beside him.
After he saw Jiang Hua clearly, he looked at the two people following behind Jiang Hua and muttered in his heart: "This person is definitely from the government."
"I'm from Shangjing and run a small business. When I heard that the Fuxing Army was going to issue bonds, I knew that the Fuxing Army was short of money.
My family happened to have some spare money, so I came here through some channels, so I can do my bit."
Breaking through the blockade from Shangjing to Chengbei to buy bonds...
"Brother, do you support the Renaissance Army so much?"
Seeing that Jiang Hua had no ill intentions and was gentle and kind, the rich businessman's nervous expression relaxed.
"I must support it. If I don't use this money to support the Renaissance Army, how can I use it to support that traitor?
I don’t know about the whole Shangjing, but the people around me all hope that the Fuxing Army will come quickly and kill that traitor.
Moreover, the business environment in the Fuxing Army is very good and there is no corruption.
Although I have to pay more taxes, at least I don’t have to give a share to the officials, so I actually earn more…”
The wealthy businessman spoke for several minutes, all praising the Fuxing Army. Jiang Hua was very happy to hear it.
It seems that my efforts have paid off.
He also felt a sense of accomplishment about this.
"Then may I ask, how much are you planning to buy this time?"
The wealthy businessman glanced around, then leaned forward and whispered, "It's not just me this time. I've also brought money from several of my brothers, totaling 32 yuan. We're planning to buy five-year long-term bonds!"
32......
This is indeed not a small amount in this era. It can even be said that there are very few people in the country who can come up with this amount.
It seems that this wealthy businessman is still modest. It is definitely not just a small business.
Although this was put together by several people, their support was real money.
Jiang Hua was also moved when he heard this.
"Brother, thank you for your support of the Renaissance Army. The Renaissance Army will definitely not let you down!"
"It's open!"
Someone shouted, and the rich businessman immediately didn't bother to chat with Jiang Hua and squeezed straight towards the bank door.
Looking at the crowd rushing towards the door, Jiang Hua sighed, "The people's hearts can be used."
"Xue Yun, go investigate that big brother and record his information. After we recapture Zhili, we can provide them with some technical, policy, and financial support.
Such patriotic capital is hard to come by.”
"Yes! Chairman!"
"Let's go back!"
In half a day, or to be exact, 3 hours and 47 minutes, all the reconstruction bonds worth 5000 million US dollars were sold out.
When Finance Minister Meng Zhenhua heard the call from the Northern Development Bank, he laughed out loud in great joy.
5000 million oceans is equivalent to the current annual fiscal revenue of the federal government.
It is really exaggerated that such a large number was sold out in half a day.
It can also be seen that many people and capital are very optimistic about the Fuxing Army and are full of confidence in its future.
The hot buying of reconstruction bonds this time is the best proof of this.
"It seems our issuance plan was a bit conservative. We should have issued 80 million or 100 million at the time. This would have completely solved the fiscal balance problem this year."
An official from the Department of Finance said at this time.
Meng Zhenhua shook his head and said, "Our issuance plan is indeed a bit conservative, but considering that we have a six-month interest payment cycle, this number has a higher margin of error.
As long as we solve most of the problems, we can let Dean Chu worry about the rest."
Meng Zhenhua then found Jiang Hua to report the good news and also reported the key work plans to be carried out next.
"Chairman, next we will prepare to launch a new round of currency reform, which will take effect on October 10st.
In this currency reform, we plan to implement a short-term gold standard to strengthen our credit and prepare for the transition to a non-redeemable credit currency system.
But there is still a problem, that is, our gold reserves are too small.
In order to meet the needs of issuing currency, considering the current economic growth rate, at least 50 tons of gold are needed as reserves.
We now have less than two tons of gold in our vaults, most of which was seized from landowners."
The low gold reserves are indeed a problem.
However, Jiang Hua happened to have a solution to this problem.
"I'll figure out the gold issue and get it done for you within a month!"
Jiang Hua's information came from the base.
Where is the place with the largest gold reserves in ancient times?
It’s in Qidong Province!
During this period, nearly 13 tons of gold have been accumulated through the armed mining vehicles of the branch base.
All this gold is scattered underground and doesn't even form a gold mine.
Armed mining vehicles sucked up the scattered gold gravel from the soil and stored it.
This is also the setting that Jiang Hua made for the mining farm.
Everything else can be refined into funds, but gold and some rare metals will be stored for future use.
Since banks now lack gold for printing banknotes, Jiang Hua can directly mine gold.
I can’t say how much, but the entire Qidong Province has gold reserves of about a thousand tons.
This includes a lot of gold that has not yet formed veins and is scattered in the soil.
So a month is enough to mine dozens of tons.
At a time when all countries have abandoned the gold standard, the Renaissance Army has no choice but to go against the tide and adopt the gold standard.
If credit currency wants to be used in international trade, it must be recognized internationally.
But the ancient country is still in the midst of war, and the Renaissance Army only occupies a few provinces with a population of only tens of millions.
How could the international powers possibly recognize the credit currency issued by the Restoration Army?
Therefore, only when the issued currency is linked to gold can it gain a certain degree of recognition and others will do business with you.
However, when the scale becomes larger and larger in the future, and the growth of gold reserves cannot keep up with the speed of currency printing, it will lead to the collapse of currency, thus triggering a series of problems.
So this is why only the gold standard transition is used.
As long as he is given a few years, Jiang Hua is fully confident that he can complete the unification of the ancient country.
By that time, it would be natural to implement a non-convertible credit currency system.
"Upgrade as quickly as possible, and then use the branch base to mine abroad. I want to empty all the mines abroad."
Although the news of the federal government issuing reconstruction bonds has been blocked, various domestic forces are still paying close attention to it.
And many people are waiting to see how the Renaissance Army will digest it.
Although the Fusion Army is very powerful, the issuance of bonds cannot rely solely on strength.
Coupled with their blockade, even fewer people know about it, making it even more difficult to distribute.
Yuan Shicheng even made a promise.
"Let's not even sell 10 million of these damned reconstruction bonds."
Lu Jianzhang of the SAARC even issued a clear ban on SAARC consortiums and capital from purchasing reconstruction bonds.
Otherwise, no matter how much they buy, they will be asked to pay back ten times as much.
It was precisely because of this that many financial groups, capitals, and industrialists in the South who were ready to move gave up the idea of going to the North to buy reconstruction bonds.
Jiang Hua also heard about this ban.
As potential enemies, it is normal for them to issue this ban.
However, Jiang Hua took this to heart. He would make them pay the price sooner or later, and that day would not be too far away!
However, when the government of the Renaissance Alliance announced on April 4 that all the Renaissance bonds worth 21 million were sold out on the morning of the 20th, it immediately caused a huge sensation.
Fifty million is not a small amount for either party.
Even many warlords did not have a fiscal revenue of even 50 million.
For example, this is the case with Northwest Sima. Last year, the fiscal revenue of their four provinces was only more than 20 million.
The financial revenue of the Southern Association for Regional Cooperation, which occupies the wealthy land in the south, is very high.
However, all of this was achieved by increasing taxes and depriving the people.
The share of industrial and commercial taxes is not very high either.
After all, the ancient country's industry was very weak, and taxation mainly relied on agriculture.
This time, the Fuxing Bonds were sold out in just half a day, which made many people deeply feel the reputation of the Fuxing Army in the country.
If the Fuxing Army is allowed to continue to develop, perhaps there will be no place for them in the country.
But they just couldn't do anything about the Fuxing Army.
After receiving the money, Executive Yuan Premier Chu Anshi continued to increase investment in industry, transportation, education, agriculture and other areas.
With this money, there should be no problem getting through this year.
What's more, they are about to have a big hen that lays golden eggs.
The big hen referred to here is naturally sulfonamide.
Before the emergence of penicillin, it was a miracle antibacterial drug, making many incurable diseases no longer incurable.
Starting from April 4, the newly established medical company sent batches of personnel to sea on ships.
These personnel went to the United States and Western European countries such as John, Hans, Gaul, and Italy.
They have two tasks.
The first is to open branches or offices in these countries.
The second is to conduct clinical trials of sulfonamides in these countries.
As long as it can pass clinical trials, sulfa will become famous overnight, and all we have to do is wait and see how much money we make.
With the current technology in the West, they may be able to produce sulfanilamide in about two years.
So they still have one or two years to make huge profits.
As time passed, it was April 4th. An incident that happened in the northern part of the Great Wall caused a nationwide shock.
This incident also completely changed the situation in the entire north.