Yue's front.

"The Indians have sent a large quantity of food, but their forts have been strengthened a lot, and the army is so numerous that our cavalry cannot pass through them, and their resistance seems to have strengthened a lot. The threat to them from artillery has also been greatly reduced, which is very bad for us. Qin Guan said to Bai Bao.

"Hmm. If we continue like this, it will be very bad for us. If they get muskets and artillery somehow, our advantage will no longer be there. Bai Bao said.

"What I'm worried about is the situation of your troops, whether the Yue Clan government plans to go south again, if you go south, the troops should be replenished." Qin Guan said.

"The government has no money, this is the report sent by the Yueshi coalition government, I have no way to solve such a problem, and we still have to solve the food ourselves." Bai Bao said.

"Oh my God." Qin Guan shook his head and said. The Yueshi government faced many problems, and their logistics could only be solved through extremely complex logistics roads, and firearms brought them great convenience, but they also brought them great trouble, because firearms were heavily dependent on the supply from the rear. A highway has greatly attracted the attention of the Yueshi people.

And now the Indians opposite them are strengthening their fortress and further strengthening their fortress into a very stable fortress that they will have to spend more material power to conquer such a fortress. In this regard, Qin Guan can only worry, but he can't solve the problem.

Qin State, Xianyang.

"We can agree to the request of the resting people, after all, there is no loss to us, if a war breaks out because of a territorial dispute that is extremely unfavorable to the Qin State, then the loss to us will be great." Shang Wen said.

"Yes. We can indeed agree to the Sabbatarians' case, but we must have an additional clause, which is that we have established relatively friendly diplomatic relations with the Tocharians on the Tocharian side, and if we have no consideration with the Tocharian side when discussing the Sabbatarians. This would be very disappointing for the Tocharians, and although the Tocharian situation does not seem to be of much substantial help to us, I personally think that we still need the Tocharians. After all, he played a great role in the strategy against the Sabbatarians. Meng Yi said to Shang Wen.

"Hmm. This can be joined. Shang Wen nodded in agreement.

"In addition, there is another aspect, which is related to the Yueshi people, who seem to be very interested in building roads. Our advisers were a little worried, they were worried that our army would not be able to cope with the situation, especially the telegrams from the front, the Indians were constantly reinforcing their fortifications, and I was afraid that their further reinforcement would cause a lot of damage. Meng Yi said worriedly.

"Don't worry, I don't think it's any threat to us, you know, we have large-caliber mortars, they can solve all the fortresses with one shot, as long as the Yueshi can solve the logistical problems, then everything is not a problem, on the contrary, this greatly restricts the attention and material strength of the Indians, and consumes them a lot of manpower, material resources, and financial resources. It's a great benefit to us. Shang Wen said.

"It's worth mentioning that the Indians are aware of the threat they face from the north, and it's huge." Shang Wen said.

"Hmm. Let's hope so. Meng Yi nodded and said. The special geographical location of the Indy, which determines that their threat mainly comes from the northwest. A mountainous area to the northwest. The Aryan invasion entered from this direction, the historical Yueshi people also invaded from this direction, and there were other peoples who entered from this gap, and the Mauryan Dynasty that imported from this must have understood how much trouble the Yueshi invasion would bring them. This kind of trouble can have great consequences. Their dynasty could be overthrown. Therefore, in this regard, the Mauryan Empire did not pay much attention to the affairs of the Mengla people in the south, but was very jealous of the Yueshi people who invaded in the north. Because the destructive power caused by the Yueshi people is very great.

Inside the headquarters of Wenyang Bank.

"If you sell bonds to those Dawan, Tocharo, Yueshi, or Goguryeo, I don't think they have the purchasing power to buy bonds." Ying Yu heard about Xiao He's plan and sold the bonds to other countries. This scenario may sound like a feasible solution, after all, bonds are also very profitable. But. Sold to those countries, their country's purchasing power becomes the biggest test.

"That's true, and because of that, there are still big hidden dangers in this plan, or it's not mature, and I'm looking for a viable solution to the problem of local state government bonds, after all, if the state government doesn't issue bonds, it can't build infrastructure. The Guanzhong region was the core area of the Qin state, but his construction had reached a certain saturation. If it needs to be built, it needs to be greatly promoted public utilities, that is, the expansion of the state government's infrastructure. Countries have plans to do so, but their funding problems cannot be solved. South Korea and Chu are trying to solve the problem through the method of stocks and trading companies, because they are actively expanding abroad. Xiao He said.

"Expansion will bring them great war benefits, and this benefit is considerable. They could do so, but the Qin government couldn't, and they were facing regional hegemons. Moreover, the use of military force is more expensive for us. Nor can the military effectively bear such a large cost. Xiao He said.

"Therefore, in the matter of public construction, the government needs to issue more bonds to solve this problem." Xiao He said.

"Hmm. However, there is no such buyer in the market to take over. We all understand that it is only possible to buy and sell. Although the Qin government can use the government's situation to get the other party to buy bonds, this will not solve the problem at all. Some countries, such as Yueshi and Tocharian, they do not have such an advantage to buy bonds, and they still have big problems, such as they need to build roads, and if they buy bonds, their funds will be taken up in a large amount. We can't pool these funds. Unless they have a lot of gold in their hands. This gold can bring great advantages, you know, in the beginning, the Qin government planned to buy their bonds. But the Federal Reserve has issued a lot of banknotes, which will create a lot of inflationary pressure. The government already has concerns in this regard. Yingyu analyzed.

"Hmm. I personally can't sort out the relationship between this matter, because it's very complicated, we can't solve these problems in time, and he will bring us great trouble. Xiao He said.

"Hmm. It's okay, you can think about it slowly, solve it, if we can solve such a thing for the government, the role of our bank will be very big. The reserve gold in the Federal Reserve Board is huge, and we have to think about how big the impact is there. The Qin State issued a large number of banknotes, and it is currently the currency with wide circulation. The pressure on the government is too great. The government may not understand our bank's concerns in this regard. Yingyu said.

"So, Chairman, if we use metal money, let's say, gold coins, will we solve this problem?" Xiao He asked such an unrelated question at this time.

"This. I don't quite understand what you're thinking? Yingyu shook her head and said.

"If Qin can use special currency in a special area, such as gold coins, although it seems to be a lot backwards, but it increases the credit of the currency, and at the same time, reduces the pressure on the Federal Reserve Board's paper money, although there are various advantages of issuing paper money, but in special circumstances, this benefit may not be very obvious. I think we should start from this point, maybe there are a lot of breakthroughs, after all, such breakthroughs are very obvious. Xiao He said.

"Hmm. What you say makes a lot of sense, but we don't know the relationship between paper money and gold coins, and we need to sort out the relationship between them. Yingyu said.

Because of the relationship promoted by Shangwen, Qin was the first country to use paper money, but this also brought a big trouble, that is, Qin's paper money issuance still could not get rid of the gold standard system, that is to say, Qin's monetary system still has a big loophole, once this loophole is attacked, it will completely paralyze Qin's paper money system. The more paper money issued by the Qin State, the more it faces such a danger, because the Qin State needs to hoard a large amount of gold, and without this gold, it will cause the collapse of the credit system of the Qin State banknote, and at present, the paper money system of the Qin State has faced such a big problem.

Although the banknotes of the Qin State expanded very strongly, especially among the countries, there was a lot of credit. However, the location of metal currencies is still important. Qin's banknotes seem to be challenging such a position all at once, all countries are actively building, their demand for currency is very huge, and Qin's banknotes seem to have not met such a demand at once, Qin must be cautious and wary of those runs, which makes Qin's financial system seem to be a little shrunk and unable to provide a strong and powerful boost to Qin's financial development, Shang Wen, as a representative of government power, does not seem to have discovered this, but Yingyu's banking system has been aware of this, How to solve the problem also requires cooperation between the government and the banks, which have a great relationship, and the banking system of the Qin State also needs further reform, which is bound to promote the reform of the monetary system.