Chapter 366: Dampel

The idea of ​​the Black Dragon Emperor is not difficult to understand. The Eladia are not stupid. There is no similar scam and pattern in history. However, if ordinary people play this set, they will basically show their stuff and go bankrupt in the end. As far as the Empire is concerned, such a possibility basically does not exist as long as it is properly operated.
Profit and trust are the key points. Profits make borrowers willing to hand over gold coins to Wang Ting. For the trust of the empire, the borrower will never have to worry about not being able to get it when they want to get it back. Unless one really needs money, no one will withdraw money just out of worry.
In fact, Caesar thought of this scheme long ago, but due to the timing, he has not used this model, but as the black wing's rule has become more and more stable, the sense of belonging of the Northerners to the empire has increased day by day. A similar financial model came to the stage.
Caesar's previous life was not a study of economics. To be more precise, he should not know anything about this, but because of the information gathered from the information explosion world, this black dragon did understand some of the Iradians. Things that you can't understand and don't understand, and these things can often be of great use.
The bank must be rolled out, because it is only the first step. After this model is gradually accepted by the people and the empire's strength is once again improved, Wang Ting is bound to issue currency to replace the precious metals for trading flows.
Alas, I think a bit far away ... Borrowing money from the public is not good, so Caesar thought of a new name for this model: Blackwing bonds.
"The new name is just the beginning. If you want it to take effect, you must at least establish a formal and perfect system to make it not only look like that, but it will work."
Ryan did not leave, but instead recruited more assistants to listen to the teachings of the Black Dragon Emperor: "This requires many rules and regulations to bind everyone, including us."
Caesar hovered on the throne, and the black shirt next to him was lowering his head and concentrating on writing records to ensure that no words of the black dragon emperor had been missed for later consideration.
"Now I tell you some necessary details, note that this is not all. After you leave, you have to think and supplement yourself, and come to Wang Ting to report one week later and finalize the final detailed regulations."
Caesar said: "A mature economic system must consider a lot of things, stability, order, development ... But now the matter of the empire has just begun, so you only need to consider stability and order for the time being. The so-called stability means funds "At the current stage, the only economic source of Imperial Bank is black-wing bonds, so it must be ensured that people do not demand repayment at will."
"You mentioned before, profit," Rain said.
"If you want to ensure financial stability, you can't just rely on the profit layer."
Caesar said: "People buy bonds can get a profit, but they are too easy to get them. We just changed the name of this loan. Now you have to tell the public: Blackwing bonds are recognized and protected by the court law. , Imperial Bank refused to redeem the coins before the agreed time. "
"But in this case, the public may not be willing to borrow to ... oh, buy blackwing bonds." Rennes reminded.
"Don't be so harsh, Rennes." Black Dragon shook his head: "If the people who have already bought have asked for gold coins to be replaced three or five times, the bank can let him redeem it in advance, but the punishment is essential. Wait for clever ways to make deductions, but remember that such deductions cannot involve principal. "
"Another example ... Imperial Bank refused to sell bonds to this person?" A young assistant from Rennes interjected.
"I have a good mind."
Black Dragon nodded approvingly towards the young black shirt: "In more formal terms, this is called disqualifying the person from buying Blackwing bonds again."
"After laying down the restrictions, the next step is to increase the stickiness of black-wing bonds. At that time, Imperial Bank must tell the public that the profits of buying bonds are increasing year by year. For example, the redemption in the first year after purchase The profit is one percent, the profit in the second year will rise to two percent, the third year will be three percent, and so on until the profit rises to five thousandths. "
"The reason for this is actually to give the bond buyers an impression that the longer you buy bonds, the higher the return. For example, if you have 1,000 gold and you put it in your home for one year, it is still 1,000 gold, and After buying Black Wings bonds for a year, it became 1001 gold. What do you say the people will choose? "
"No choice."
The emperor's praise gave the young black shirt confidence, and his voice was a little louder: "Not only that, as long as the authority of the empire is guaranteed, people will gradually develop habits over time and use the money to buy black wing bonds. Not buried, and unless money is urgently needed, they will not redeem as much as possible. "
"Yes."
Caesar gave a low laugh: "Now to ask you a question: if you are a businessman, buy 10,000 gold coins of empire bonds for eleven months ~ EbookFREE.me ~ the redemption time limit agreed on the bond You have n’t arrived yet, but now you ’re in urgent need of gold coins because of funding problems. If you redeem the bond immediately you can only get 10,000 gold coins, but if you wait another month, you can usually get an extra 100 gold coins, you How to do?"
"Of course, continue to wait. How can it not wait for a hundred gold coins to serve my empire for a year to earn a reward?"
"Stupid, haven't you heard from your Majesty? No time to wait, the merchant desperately needs gold coins."
"Then you have no choice but to redeem it."
...
The black shirts talked a lot.
"His Majesty."
After waiting for a while, the oldest black shirt suddenly came forward and said, "The best way I can think of in the case of not being able to rebel against the Empire Bank is to sell this bond for 1090 To other businessmen, in this way, not only will I get my gold coins and profits, but that businessman will also earn ten gold coins after one month. "
"What's your name?" Heilong lowered his head slightly, staring at the tiny human.
The young man in a black shirt quickly knelt down and said tremblingly, "Dampier, my name is Damier Sherlock, Her Majesty the Great Emperor."
"You're good, I wrote down the name." Caesar nodded contentedly, while annoying voices like "Damn, why didn't I think" came from the other black shirts.
Dampel's choice is the most preferred. Yes, but he may not understand it. In this operation, the blackwing bond itself has replaced the value of ten thousand gold coins, that is, it has a certain meaning. The function of currency.
When people become accustomed to this, Imperial Bank will start issuing banknotes, and Blackwing Court will become the first country to use banknotes in Eiladia.
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