Chapter 27: The Imperial Court’s Bank!
"Of course, I also know that all these things will take time, so I have other ways to solve the urgent problem."
As soon as Xiao Yan said this , all the ministers looked at him in surprise.
These two methods are good enough, and business development does not even take too much time to quickly accumulate a large amount of taxes.
And now Xiao Yan has other options, which is simply... inhuman.
The most excited person was Liu Zhenghui. After all, he was short of money and various departments were asking him for money. He was almost going crazy.
I wish I could break a copper coin into eight petals.
"Please give me some advice, Your Highness!"
Liu Zhenghui knelt down immediately, saying that he would go crazy if he didn't get more money.
Xiao Yan looked at Liu Zhenghui who looked sincere and laughed: "Master Liu, please get up. There is no need to be like this."
"It's actually quite simple. Open the court's own bank!"
Upon hearing this, Liu Zhenghui's face immediately fell!
The officials no longer had the excitement they had just now. This idea was indeed not a good one.
"Your Highness, the common people only have a few silver coins in their hands. Besides, there are many money houses in the Tang Dynasty, but only a few people save money!"
"And there are a lot of management fees to pay, which results in even fewer people saving money."
"So I think this won't work!"
Xiao Yan burst into laughter when he heard this.
"Hahaha, Liu Zhenghui, you really look down on the money shop."
"Let me tell you this, there is no faster way to make money than with a bank."
"And the money houses I'm talking about are very different from the money houses you've seen!"
Liu Zhenghui frowned when he heard this. Aren’t all the money houses in the world the same? What could be the difference?
"The bank I want to build will not only not charge a penny for deposits, but will also give money!"
"As long as you deposit your money in a bank, the bank will give you a certain amount of interest every year. People will naturally deposit their money if it is profitable."
As soon as these words were spoken, several imperial censors knelt down.
"Your Majesty, this is not possible. If this is true, the people will think it is profitable and keep their money in the bank without worrying about losing it."
"Then how much interest will the court have to pay for such a large amount of money? The court cannot afford it!"
"If this is the case, the court will have to pay an additional amount of interest every year, and won't the national treasury be in deficit every year?"
Upon hearing this, Xiao Yan stood up, walked down from the dragon throne, went to several imperial censors, and helped them up.
"Everyone, please stand up!"
These censors are actually the emperor's true confidants. They are all people who dare to give advice, and if the emperor does something wrong, they dare to join forces to impeach him.
Such loyal ministers, they can bear Xiao Yan's support
"Your Highness, this cannot be done! This cannot be done. Wouldn't it ruin the foundation of our Great Zhou?"
Xiao Yan returned to his dragon throne and explained: "Everyone, please listen to what I have to say."
"The money house I mentioned is not only for depositing money, but also for lending money!"
"I said before that we should open up business, so more people will do business."
"Those who already have industries want to expand their operations, and those who don't have industries need to purchase them."
"But they will all face the same problem: money!"
"That's easy. My bank will lend them the money. Of course, we need to charge interest!"
"And the interest on loans is higher than the interest on deposits because we need to take risks!"
"When lending, we also need collateral. Only with collateral can we lend, which will reduce our risk!"
"This way we not only have no worries, but also receive high interest rates, which are enough to pay the interest on the deposit."
"You still haven't figured out the most important point. If a bank like this is opened, where does the money go in the end?"
As soon as this question came up, all the officials started thinking about it. There must be more people depositing money than withdrawing money, so a large amount of money would be piled up in the banks.
The money shop belongs to the imperial court, so the money in the money shop will temporarily become the imperial court's money.
"I understand. Your Highness is truly a saint!"
As the Minister of Revenue, Liu Zhenghui naturally knew where the money would eventually go.
"It seems that Lord Liu really understands."
"How about you explain it to everyone?"
Liu Zhenghui looked at the confused ministers and gave a very vivid example.
"Everyone, I have a question. Now a butcher has sold you some meat, but you found that you bought too much, so you threw the meat away."
"Then can the weight of the meat that is poured out change?"
Everyone thought about it and shook their heads. Liu Zhenghui nodded and said, "That's right, his value hasn't changed!"
"But I ask you, what do you have in your hands?"
Everyone was stunned.
"The meat in my hand has been poured out . What else can I have? Naturally, I have nothing left."
Hu Zhenghe frowned as he looked at Liu Zhenghui who had a serious expression on his face.
Liu Zhenghui shook his head and said, "The Prime Minister is wrong. There is oil on the hands. The pork is oily once it is handled."
"This bank is similar to the above. As long as the money passes through our bank, there will be profit, and the profit is not small!"
Now everyone understood that Xiao Yan was such a talented person.
This will not only solve the urgent problem, but also accumulate a lot of wealth in your hands, which will create value when you spend it.
"Everyone, do you understand this time?"
Xiao Yan looked at everyone with a smile. This time no one stood up to object because this was a very good idea.
"But your majesty, what will happen if the people don't save money?"
Xiao Yan smiled mysteriously and said, "That's what I need you for. All the officials in the court need to be my ally."
"Even you have deposited money in it, so the people will naturally watch you, so it depends on how you operate it."
Everyone was stunned, and after all the planning, they finally figured it out for themselves.
"Your Highness, we don't have much money, and we have to support our family."
Xiao Yan shook his head and said, "It won't take too long. As long as the people have deposited money, you can take it back!"
"It's okay even for a little while, but it has to be at least three days."
"Of course, if you can attract deposits, I can give you a credit for your merit, which I will naturally give to you later."
When the officials heard this, many of them became excited.
Some people's money is not clean, so it naturally cannot be kept here. If too much money is taken out, something bad will happen.
However, if an important official of the court does not contribute much, it means that he does not support His Highness, which will also cause problems. This is a dilemma.
So everyone is thinking about how much is most appropriate to take out.
However, it is not impossible to deposit your own money in the name of someone else, after all, the interest will be paid on time.
Of course, this was exactly what Xiao Yan wanted.
