After the Revolution, the National Assembly had already seen the root cause of the French Kingdom's fiscal deficit – the inability to convert the vast amounts of property and valuable goods confiscated from the aristocracy and the church into real money in a timely manner to allow economic activity to flow. Pen "Fun" Pavilion www.biquge.info

Thus, the National Assembly, controlled by the constitutional monarchist bourgeoisie led by the Big Three, implemented a bold large-scale fiscal opportunity.

In November, the National Assembly passed a decree establishing a 'special treasury', which was financed mainly from the proceeds of the auction of church property.

These properties will be used as collateral for the issuance of money, 'bonds', which are veritable treasury bills with an interest rate of 5%, which will be repaid not in money but in real estate, and as the ecclesiastical property is sold, the bills will be repossessed and then destroyed, so that the national debt will be gradually paid off, and in addition to the forests and palaces that the king intends to keep for his enjoyment, the royal estates will also be auctioned off, including a portion of the ownerless and dispossessed noble lands for various reasons.

At first, the voucher was just a paper mortgage voucher similar to the national debt in later generations, and according to the normal procedure, after the auction of the mortgaged church property, the voucher will be recovered and destroyed.

But in the few months since Lin Haoda resumed production in Paris and began to farm silently, the mortgage of the finger bond encountered an unprecedented dilemma!

There is nothing inherently wrong with the fiscal policy, but in order for it to succeed, it must be resolved quickly, however, the sale of the currency is very difficult because of the resistance of the monk class!

Although the property of the church is legally placed in the hands of the state, it is a huge project to carry out, and the churches everywhere are in the hands of the clerical class, and it is obviously impossible to get them to take them out obediently......

The refusal of the clerical class, when they refused to cede the ecclesiastical estate, mobilized their political forces to obstruct the implementation of this initiative in Parliament, and the National Assembly had to quarrel with politicians representing the interests of the monks in the years to come, until April 1790, when the bourgeoisie of the National Assembly achieved a meaningful victory, defeating the voices in Parliament against the expropriation of the ecclesiastical property.

This move undoubtedly enhanced the credibility of the coupons, after all, the fields occupied by the church were all good places, and there was no need to worry about not being able to sell them, and of course, the National Assembly, which tasted the sweetness, turned the coupons into paper money!

Because of the curtain of private assets on the land of the church, the indices were subscribed in large quantities and began to be circulated as money, and a small piece of paper had the purchasing power of metal money, how could the bigwigs in the National Assembly not see the rich benefits in it?

Don't you see the situation that after the popularity of paper money in the 21st century, the national government is naturally financially invincible?

Although the bourgeois politicians of the 18th century did not know the benefits of paper money in later generations, they were still able to see the rich immediate benefits brought by the coupons, so the coupons, with the deliberate support of the French government, not only did not continue to recycle, but started the large-scale printing mode!

In order to turn the currency into real paper money, the French government no longer recognized its full interest, that is, what is the face value of the currency, it can only be exchanged for how much metal currency, and later, the French government simply regarded the currency as a bank bill, and all denominations from small to large began to be printed, completely replacing the monetary status of metal currency in the Kingdom of France.

As a result, the measures that were originally used to repay the national debt deviated from the original purpose and became a means of making up for the budget deficit, and although the property of the church was successfully auctioned, it once again buried a new hidden danger of indices, and the French government continued to print indices on a large scale in order to fill the loopholes of the various expenditure deficits of the French Kingdom, which led to the first paper money inflation in the Kingdom of France!

In 1790, the currency devaluation and inflation brought about by the currency were the victims of the various strata of the people, their living conditions deteriorated, the purchasing power of the helpers and workers who received paper money wages was declining, the cost of living became more expensive, the price of food rose with the same consequences as famine, and social unrest reappeared.

Even Lin Haoda, who was in Paris, was also affected by inflation, because all the materials and salaries of the Paris Legion, as well as the restoration and construction of the city of Paris, all came from the supply of the French government.

The provincial assemblies of the decentralized system of power have weakened the central authority of the French government to an all-time low, and the deputies in the National Assembly spend their days arguing about the devaluation and banning of the currency, because they have benefited so much that the currency cannot be abolished!

The mass sale of the ecclesiastical estates of the monk class made the bourgeois magnates, who had bought land with their indices, make a fortune in this depreciation of the indices, because they had enough property to exchange for land when the indices did not depreciate, and when the indices were depreciated, the land was sold and the profits were doubled.

Lin Haoda actually participated in some of this kind of thing, but he had to feed the Paris army of more than 80,000 people, and he also had to maintain the resumption of the construction of the arsenal in the city of Paris, and there were too many places to spend money, and there was not much money left over to engage in the land speculation industry.

As a result, those bourgeois real estate tycoons made a lot of money, but Lin Haoda only made a 'soy sauce money'......

However, as the bourgeois bigwigs celebrated the huge monetary profits, a massive civil uprising caused by inflation began.

This time, it was no longer the capital of the Kingdom of France that took the lead, on the contrary, the capital of Paris, which was firmly held by the Paris legion, was the most sluggish......

On July 1, 1790, the bright sunshine woke up Lin Haoda who was hugging Zhaoyun, and when Lin Haoda opened his eyes in a daze, the first thing that caught his eye was a pair of 'that' that was squeezed into a seductive shape in his arms, so Lin Haoda turned over in Zhaoyun's charming exclamation and began the usual 'early morning exercise'.

An hour later, Lin Haoda, who had been refreshed, got up and put on clothes under the service of the slightly unwell Zhaoyun girl.

Even if Zhaoyun is no longer the first time, but because Lin Haoda's natural capital is too strong, and his physique is too good, he does exercise to his heart's content every time, so that Zhaoyun keeps floating around in the clouds, plus the number of times is a bit too much, fatigue and discomfort are naturally unavoidable.

Lin Haoda looked at Zhaoyun who was naked in a little woman's posture and dressed herself, and couldn't help but think of the wonderful night when the two parties handed over to each other for the first time on New Year's Day in 1790.

It wasn't until that day that Lin Haoda understood why the body he crossed over had that impulse every time he saw the aunt-level fireflies on the street.

I don't know if it's because of the transformation of the all-out war system, Lin Haoda's young man's body, in terms of male ability, is definitely beyond ordinary people, maybe there will be a comprehensive increase in physical fitness brought about by the improvement of personal skills, but at the beginning of the night, the four-star assassin Zhaoyun, who has undergone professional assassin training and has a very good body's ability to resist attacks, fainted several times, and did not get up for the whole day the next day, it is really not an ordinary 'strong'!

What makes Lin Haoda feel helpless is that this body's concentration on beautiful women, after paying for the first time, has become extremely bad, since he stayed with Zhaoyun all night on New Year's Day and didn't sleep, he can no longer leave Zhaoyun's sister's resilient body......

The vigorous energy of the 17-year-old boy, and Lin Haoda's natural talent for that aspect, combined with the physical fitness improved by the all-out war system, made Zhaoyun, who was originally eager to serve his master, miserable.

Fortunately, Zhaoyun is a woman who has undergone physical training since childhood, and her physical fitness is very strong, if she is replaced by a delicate beautiful girl, she can be tossed to death by Lin Haoda in less than a month!

This is not Lin Haoda's boasting, but the fact that Zhaoyun was tossed by Lin Haoda for a month, he spit out weakly, because Zhaoyun was trained as a beautiful assassin when he was specially trained, although he has no experience in that area, his knowledge reserve is definitely rich.

After being tossed by Lin Haoda 24 hours a day for a month, Zhaoyun felt that his body was weak and had no strength all day, and he seemed to be unable to take on the profession of a bodyguard......

Zhaoyun also protested euphemistically for this, hoping that his father-in-law could be more restrained, and if he was a little 'that' pleasant, he would hurt his body if he had more......

However, after Lin Haoda asked about the consumption of his body in the Total War System in this regard, he no longer had any scruples, completely ignored the persuasion of Zhaoyun Sister, and changed Zhaoyun Sister's bodyguard into 'bedding'......

Fortunately, the Tuileries Palace is well guarded inside and out, and even without Zhaoyun's personal guard, Lin Haoda's personal safety will not be unexpected.

After biting his teeth and dressing Lin Haoda neatly, Zhaoyun didn't bother to dress himself, but lazily lay back on the bed, he tossed until late last night to sleep, and was forcibly woken up early in the morning, Zhaoyun felt that he needed to make up for sleep......

Lin Haoda didn't force it, and it was not the first time for Zhaoyun to make up for sleep, every time Lin Haoda got up, Zhaoyun would inevitably need to make up for sleep the next day......

Zhaoyun, who has been close to Lin Haoda for several months, has more conversations with him, Zhaoyun, who was lying on the bed, looked at Lin Haoda who was about to go out and said: "Lord, I think it is very necessary for you to marry a wife, it is really, really necessary, and the more you marry, the better!" Otherwise, Zhaoyun will feel guilty for not being able to keep you safe! ”

Just as Zhaoyun and Lin Haoda were laughing, a gunshot suddenly rang out outside the Tuileries Palace.