Bonds and futures are riskier investments in their own right, and it is not uncommon for them to go bankrupt and liquidate.

This thing has become very common in the West, and countries basically have to borrow money to fight wars, and there are many kings who borrow money and do not pay it back, which causes banks to fail, or countries are defeated, and bonds immediately become waste paper.

But even so, there are still people who are willing to buy it, because it is different from currency and has a high return.

Businessmen can make a lot of money through interest rates and price fluctuations, and of course, some people will go bankrupt because of this.

There are gains, there are risks, the most famous example of which is that during the Napoleonic Wars, the Rothschild family got the result of the Waterloo War first, and deliberately sold the British government bonds in their hands, making people think that Britain was defeated, triggering the bond holders to sell British government bonds on a large scale, and the bond price was equivalent to waste paper, and the Rothschilds took the opportunity to buy the bottom, and finally waited for the news of the British victory to come, and immediately made a lot of money.

Some people made money, some people lost money, and of course, if you bought French government bonds, it would be even worse.

The bonds and futures issued by Gao Yihuan also have huge risks, but there are also a lot of returns, if you are afraid of the risk, you can not play, but if you choose to play, you have to take the risk.

In the face of this new thing, most businessmen were more cautious, but Gao Yihuan had no choice but to tie up the bonds and grain, and with Ma Hongshan and others taking the lead, the recent grain promissory notes were soon swept away.

Of course, this is the cooperation of Gao Yihuan and Ma Hongshan, and they did not put much promissory notes, and the starting price was only set at one or two or six coins of silver, so that Ma Hongshan and others could eat it, and there was also room for making a profit, so that they could resell the promissory notes to make a fortune, so as to drive other businessmen to participate in the transaction.

At this time, China's financial sector lagged far behind that of the West, which already had relatively developed banks, as well as stock and securities markets, where businessmen could play the trick of making money, and there were various channels for making profits from investment, and many companies were also born.

There was no such developed finance in the East, and when the merchants made money, in addition to putting some usury, they bought land and land. When the landlords and gentry had money, they also lent money to buy land, and the more silver was buried under the ground, and the officials who had money also bought land, and finally became landlords together.

With so much silver, there is no other way to invest, so you can only buy land for rent, or simply bury it under the ground.

Until many years later, the backwardness of finance still caused the country's entire economy to develop abnormally.

Nowadays, as large quantities of silver are smuggled into China by sea, the money in the hands of merchants is constantly depreciating.

Merchants and landlords have the need to preserve the value of assets, usually they can only buy land and physical goods to resist inflation, but the land and physical goods that can be purchased are actually quite limited, and most of the silver can only be buried in the ground, which is not of its use.

Gao Yihuan's bonds are a channel for these money, and the futures market is also an opportunity for them to make money.

Of course, there is no book of profits in the world, even if you bury the money in the family, as soon as the Qing army comes, it may be dug up, Gao Yihuan will send a few pieces of paper, and the risks and hidden dangers will be even greater, but if you want to make money and want food, you have to take risks.

Although most businessmen are cautious about this and dare not make a move, the promissory notes in the world are still swept away.

When Ma Hongshan and his group began to carry grain to the south of the Yangtze River, the other merchants immediately became anxious.

In desperation, they could only buy promissory notes from Ma Hongshan and others to raise grain, and the horse crew spent money to buy access certificates, and it was naturally reasonable to mention the price of the tickets.

In this way, Yuezhou promissory note trading has formed two markets, the first level is the large businessman who has the funds to buy access certificates, and it is not necessarily a grain merchant, as long as there is money, they buy a large number of promissory notes through bidding, and then sell them to other small businessmen, and easily make a comparison, so that many people immediately like this game.

These people ate Gao Yihuan's bonds and hoarded a lot of promissory notes in their hands, so they would unknowingly fall to Gao Yihuan, after all, Gao Yihuan collapsed, and who to ask for money.

In Yuezhou City, in the house rented by Zhu Guoci, several businessmen from Nanzhi gathered together, and everyone's faces were full of joy.

"Childe is really wise!" A businessman closed the account book and admired Zhu Guoci very much, "We made a lot of money this time, thanks to the decision of the son." ”

Zhu Guoci was not satisfied, "Are you satisfied with this?" This time, Ma Hongshan made all the money, we started too late, we just drank the soup! ”

The merchant smiled: "There is no way, I can only wait for the next ticket." Childe, I still have a few promissory notes in my hand, should we go back with food? ”

Zhu Guoci glanced at him with disdain, "What are you going back to do, aren't you tired of running around?" The profits are all in Ma Hongshan and our pockets, and the rest is hard money, my son doesn't earn it, you sell the promissory notes to those small grain merchants, let them run errands, and my son makes money with wisdom, and he will specialize in this thing in the future. ”

The merchant looked stunned, "This promissory note goes up and down, and it's also risky!" ”

Zhu Guoci didn't think so~~~

In June, the weather was hot, the sun was baking the ground a little white, there was no wind in the sky, and cicadas were chirping from the trees.

Beijing City, the regent's mansion, Dolgon was a little tired, lying on the rocking chair to rest, the maidservant girl was gently shaking the fan on the side, there were two people beside him, the English king Azig was standing, and the kneeling was the county king Duoduo.

The afternoon sun was scorching, the cicadas chirped tirelessly in the trees, and the sweat of the kneeling Duoduo in the shade soaked his clothes, and his lips were scorched, but they did not move.

After a long time, Dorgon opened his eyes, took a sip of the iced sour plum soup handed by the maidservant, looked at Dorgon coldly, and said, "Get up." ”

As soon as Duoduo returned from Shanxi to escape the summer, he was called to the regent's palace by Dolgon, and was severely reprimanded.

Duoduo knelt for too long, his legs were numb, and he was helped up by two guards, and he secretly hated in his heart, but not for Dorgon, but for Gao Yihuan, who had caused him to be punished.

"Do you know why you were punished?" Dorgon glanced at Dodor, a little hated that iron could not be made of steel.

Duoduo said: "It's because I embarrassed the Qing Dynasty and embarrassed the fourteenth brother." ”

"You fought well in Northern Mongolia this time, why can't you meet Gao Manzi? The first two times I lost, it's understandable, after all, I didn't spend my main energy on Gao Manzi in the Qing Dynasty, but you actually lost last time, and you also folded Man Dahai and Kong Youde! Do you know how passive this king is in the court? Because of this incident, Dai Shan has hooked up with Haoge and wants to pull this king off the horse. Dolgon was furious.

Duoduo gritted his teeth, "Regent, give me another chance, this time I will definitely destroy Gao Yihuan." ”

Dolgon waved his hand impatiently, "It's only three things, this time I won't fight Gao Yihuan!" ”

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(End of chapter)