Liu Qian's statement is also a fact, no matter how much money the salt industry makes, it is far from quenching thirst. There is no help for the Grand Canal project, which is about to start now.

"How do you make money?" Liu Hong was worried again, thinking about it, but there was no good way.

"Do you want to borrow money from the bank again?" Thinking of this, Liu Hong couldn't help but shake his head, "If you can think of other ways, you have to use other ways to solve them." Loans can only be chosen after there is really no way. Otherwise, you will use the bank, and you will find the bank if you have some things, and you can't help but toss how much money the bank has. ”

"But if you don't take out a loan, where can you get the money?" Liu Hong thought about it and suddenly thought of a way, "Since you can't borrow directly, let's try the treasury bonds, print some treasury bills, and see if you can raise the cost of the project." ”

"Your Majesty, what are treasury bills?"

Liu Qian was curious about treasury bills, and he was even more curious about Liu Hong's thoughts. He didn't understand, what kind of things were in Liu Hong's little head? Why is he different from others and can always come up with something new? If it weren't for Liu Hong being the emperor, he would even want to pry Liu Hong's head open to take a look.

Liu Hong didn't know Liu Qian's thoughts, and patiently explained to Liu Qian, "Uncle Huang, treasury bills are national bonds to put it bluntly. With the income of the national treasury as a guarantee, it borrows money from the whole people, and when the time comes, it returns the principal and interest. ”

"Oh, that's right. Weichen doesn't know much about this thing, so it's better for His Majesty to make up his own mind. Weichen still hurried up and went to get the matter of salt industry reform. ”

Liu Qian is an honest man, and he was scared out of sweat by his sudden thought. In order not to let Liu Hong see the abnormality, he hurriedly found an excuse and ran away.

"I said, what a slippery head. I just can't be sure about this thing, so I asked you. If I can make up my mind, I'll ask you what you're doing. ”

Treasury bills were definitely a novelty in the Han Dynasty, and Liu Hong couldn't be sure whether the common people recognized them or not. After all, Liu Hong remembered that in the eighties of his previous life, the state also issued that thing. In the end, the common people didn't admit it, so they could only forcibly distribute it. Even the people of later generations don't know it, and the people of the Han Dynasty feel even more hanging.

"Anyway, let's try it first. Anyway, there is no other way now, in case it succeeds, it will directly solve the problem. ”

Thinking of this, Liu Hong immediately found the person in charge of the newspaper and asked him to publicize the matter of treasury bills.

The head of the newspaper is a traditional literati. When he heard that Liu Hong would rather borrow from the people than raise taxes, he was moved to tears. After his return, he personally wrote several articles with great emotion to build momentum for the Treasury bills.

Liu Hong's newspaper was so powerful that after several days of wanton bombardment, almost all the people now know about treasury bills.

"Brother, have you heard? Our Majesty would rather borrow from us than raise taxes, what a rare gentleman! ”

"Isn't it, such a majesty is really a thousand years old. Let us catch up, it can be regarded as our luck. ”

"That is, I heard that Your Majesty borrowed money this time for the sake of those homeless people outside the city. With such an emperor, we can really be regarded as a flood of blessings. ”

……

Conversations like this pervade every street and alley of Dahan. Regardless of whether they buy treasury bills in the future or not, the idea that Liu Hong is a good emperor is already deeply imprinted in their hearts.

Through the feedback of the information, Liu Hong learned that the publicity during this period of time was still good. Even if you can't sell treasury bills in the future, if you can give a good impression to the people, it will definitely not be a loss.

After the overtime efforts of the printing house, the treasury bills, worth tens of millions of silver coins, were finally printed.

"If these treasury bills can be sold smoothly, Dahan will almost be able to solve the problem of lack of money. But I just don't know how many people buy this thing. ”

In every country, the largest number of people are ordinary people. And the kindest people are also these ordinary people. But these ordinary people don't have much money, although he knows that their emperor has a good heart and issues treasury bills because there is no money in the treasury and cannot help the victims. However, they were still afraid that raising taxes would increase their burdens, so they used the future income of the treasury as a guarantee to print the treasury bills to solve their urgent needs.

However, most of them have just mixed up with food and clothing, and some of them have not even solved the problem of food and clothing, in this case, what do they use to buy treasury bills? Even if you have a little money, you have to use it to support your family, and you have to save some emergency money, and you can't buy treasury bills.

But the rich, the ones who can really afford to buy Treasury bills, they are not so easy to fool. Whether it is the displaced people or the tax increase, it has little to do with them. And they have long been accustomed to the icing on the cake, and they have little interest in sending charcoal in the snow. Therefore, it will be difficult for Liu Hong to get this treasury bill to achieve the desired effect.

"Damn, why are these people like this, they're all mouth-talking. In normal times, good words are thrown out one basket after another, and what is good to hear is anything. But once you get the real thing, it's all fucking wilted. ”

Seeing that those people only said good things but did not buy treasury bills, Liu Hong was not light.

"My Treasury bills are good enough. The interest rate is almost twice as high as the bank interest rate for the same period. In addition, it can be exchanged at any time without interest. There is no reason for them to save only a fixed term and not buy Treasury bills? ”

Liu Hong was quite curious about this, and immediately sent out people to find out what the situation was.

It didn't take long for the people sent by Liu Hong to figure it out. Everyone thinks that he, the emperor, is definitely a good person, and it is also a good thing that he got this treasury bill. However, those rich people have a general estimate of the treasury income of the Han Dynasty, and feel that when the treasury expires, it will be difficult to repay the loan, and their money, most likely, will be wasted. Therefore, they prefer to save fixed deposits with relatively low interest rather than buy Treasury bills.

The repayment ability of the treasury has been carefully calculated by Liu Hong, and repayment is definitely not a problem. But those people still say this, which means that they obviously have no confidence in the credibility of the imperial court.

This thing is caused by the lack of credit of the imperial court. If it is to be solved, it can only be completely solved through the passage of time and the fact that the imperial court slowly establishes its authority. And now, there's really nothing to do.

After a period of promotion, the effect of sales is still not good. Except for those families who took refuge in Liu Hong, who bought a little, the others were sold very little.

"No, we can't wait any longer. The projects have already started, and they are all anxiously waiting for the money, if they are still counting on a little bit of takeout, and when they have enough money, the daylily will be cold. ”

In fact, Liu Hong can wait a little longer. But Liu Qian couldn't wait, he could go to the palace to urge him eight times a day, so Liu Hong really had no choice but to ask his Dahan Royal Bank to buy all the treasury bills.

If you buy treasury bills, you will definitely not lose, and Liu Hong is definitely not afraid of the imperial court defaulting on the debt. However, his purchase of treasury bills still went against his original intention. Originally, he wanted to mobilize the power of the whole people, but he didn't expect it to turn out to be a disguised loan.

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