C757 two- and ten-year growth

The five people at the table had already fallen into a strange circle of logic. They were completely unable to understand Xiao Letian's plans, and no matter how they looked at the twenty years of tax reform plan, it was all for the benefit of the imperial government.

Everyone knew how to use the debt of the imperial government to issue small amounts of bonds and absorb Real Gold and Silver s from the common people. Moreover, everyone knew where Xiao Letian's profits and risks were.

The profit was naturally the interest on the accepted bonds, so when the imperial government packed the account debts for Xiao Letian, they had to have a discount, the debt of one million gold was actually given to Xiao Letian, he had only given the imperial government 900 thousand silver, the difference was Xiao Letian's profit.

Not only that, Xiao Letian's current supply to the Department of Revenue was completely the latest version of the Ryukyu's Dragon Tattooed Silver, this exquisite silver coin had already replaced all of Da Qing's original elemental treasures, silver ingots, and silver horse hooves … could not earn any money from the forging of silver coins, so the princes would definitely not believe him even if he was beaten to death.

In the end, the production of the bonds would be done soon. For example, Xiao Letian might end up with a million and two hundred thousand for the account debt, and the difference between them was not small.

The only things the imperial government could think of were these three profit points. As for the economic dependence that would result from relying on the currency of their credit, that was not something they could understand. There were even many tricks that the Westerners could not understand.

It should be said that in this world, other than the top Jewish Bankers s, there were very few people who could completely understand Xiao Letian's economic layout.

Fortunately, Xiao Letian's tentacles were only in East Asia, and he did not reveal his ambition towards gold. Luckily, Earth was not a village yet, the efficiency of sailing in the world was not high, and the telegraph network Channel that was connected to the global network had not formed.

Everything gave Xiao Letian and the rest of the Chinese nation one last chance to revive. There wasn't much time left, only twenty years.

Xiao Letian was very clear that in twenty years, the Steel Armoured Steam Ship would become more and more popular. When telegraph network s were constructed and used globally, they would form a huge control over the entire ship with the West as its core.

The financiers of City of London could get the price of raw silk and the exchange rate of gold and silver in Shanghai within a few hours, the Bankers on Wall Street could cross the Pacific Ocean within 15 days, and it would even take two months for the strong army to travel from Europe to the Great Qing Dynasty.

What do advances in technology bring about? It was due to being a strong cultivator that controlled Earth further. If Xiao Letian's career really started at that time, then his actions of secretly casting silver coins, issuing credit coins, and secretly taking out the gold and silver reserves would all be exposed, and he would definitely receive some sort of fierce attack from the big financial crocodiles.

How could the side of the bed allow others to sleep! Relying on the advancement of science and technology, the western financial forces would only gain more and more control over the economy of this planet. As long as there were enough benefits, they would not hesitate to start a war.

However, it was still too early for that. The so-called twenty years tax reform plan, which was also the twenty years Xiao Letian had lived in fear of, would allow him to pass through the sea and the sky.

This was Xiao Letian's real plan, but unfortunately, no one in Qing Dynasty could understand it.

Weng Tonghe analyzed all the benefits the imperial government could get, as well as what Xiao Letian could gain. Then, he also briefly described the risks involved.

"This method of issuing currency has been mentioned by the foreigners. What they are most afraid of is a credit collapse..." "That's right, the credibility of both the imperial government and Xiao Letian's bank cannot collapse. This is the most crucial point …"

"If the credit collapse happens, then it will cause a huge run for money, and the imperial government and Xiao Letian will definitely not be able to take out that much money. When you run out for money, the bonds will become scrap paper."

Prince Kung sipped half a cup of wine and said, "Credits collapse? Based on what was written, the imperial government had already used tax as a credit guarantee. Even if they didn't have any silver to exchange for it, they could use bonds to cover tax.

"Furthermore, the Ryukyu that Xiao Letian controlled also used their credit to make a second guarantee. I heard that the Ryukyu is now a gathering of thousands of merchants, even if they covet the Ryukyu's tax credits, I think there will still be people who will take these bonds …"

Weng Tonghe nodded his head, "That is correct, but what if the country's credit collapse? What if the people have lost faith in the country? "

Hm? Prince Kung and Prince of Alcohol immediately sat up straight. "You mean Zuo Jigao? Are you afraid that he will lose? "

"It's not that I'm afraid of Zuo Zongtang losing, but that he can't lose … He had to win, if he lost, and lost Xinjiang, then all of Tongzhi's victories would be for naught. When that time came, all these bonds would not be a life-saving medicine, but a killing poison. "

The Department of Household Old Forest asked in puzzlement: "Since the risk is so huge, why is Xiao Letian cooperating with the imperial government? Was he really the loyal subject of the Great Qing? Or does he have the ability to predict, and know that our Great Qing cannot be destroyed? Or at least not for twenty years? "

"But his usual performance isn't that of a loyal official?"

Everyone said at the same time with furrowed brows, "That's right, this is what we don't understand. What a headache!"

The meeting lasted until midnight. The dishes were changed four times in a row and were always cold after being served. Many times people wanted to veto this tax reform, but when they thought about the empty treasury, they all sighed and shook their heads.

"We still have to take money. We can't not take money! It's impossible for the King to not have any money to train his troops. Looking at the equipment on Xiao Letian's soldiers, even the big headed soldiers are dressed better than us, the soldiers who walk on the streets all look like beggars … "

"Everyone says that Xiao Letian's army can fight, but don't tell me how much silver was given to them? They have never heard of them delaying their pay before, and when they go to fire bullets, they are always training openly, so how can they casually drag out a soldier? They all say that he is a godly marksman!"

"Forget it, why can't we change the Eight Banner System? Our Manchu rose from the mountains to the depths of the ocean, and relied on the Central Plains which is owned by everyone. Because if it's changed, we won't be Manchu anymore … "

"There's no need to worry about that. Now that the empire is in such a difficult situation, we have to take charge of the troops. Without a reliable and strong army, we can't intimidate the weak. When the time comes, we'll even have to perish …"

After that, the Prince Kung fiercely said, "Report it to the imperial government. I will not change a word of this tax reform plan to the imperial government. As long as Xiao Letian dares to give me money, I will dare to sign and agree! "