The Black Dragon Emperor's thoughts are not difficult to understand, the Eladians are not stupid, and there are not no similar scams and models in history, but if ordinary people play this set, they will basically be exposed and bankrupt in the end, but for the Black Wing Empire, as long as the operation is done properly, there is basically no such possibility in a short period of time.

Profit and trust are the key, profit makes the borrower willing to hand over the gold to the royal court, and for the trust of the empire, the borrower will never have to worry about not being able to withdraw it when he wants to claim it back, and after the people of the Northland are accustomed to the royal court, no one will withdraw money just out of concern unless they really need it urgently.

In fact, Caesar had thought of this plan a long time ago, but due to timing, he never used this model, but as Blackwing's rule became more and more secure, the Northlanders' sense of belonging to the empire grew, and a similar financial model came to power.

Caesar didn't come from an economic background in his previous life, and more precisely, he should have been ignorant of it, but because of the information gathered from that information explosion world, this black dragon did know something that the Eladians couldn't see or understand, and these things often came in handy.

Banks must be built because this is only the first step, and when this model is gradually accepted by the people and the empire is strengthened again, the royal court will inevitably issue currency to replace precious metals for trading and circulation.

Hmm, I'm thinking a little far...... Borrowing from the people doesn't sound good, so Caesar came up with a new name for this model: the Black Wing Bond.

"The new name is just the beginning, and if you want it to be effective, you have to at least have a formal and well-established system in place so that it not only looks like that, but also works."

Wren did not leave, but recruited more assistants to listen to the Black Dragon Emperor's teachings: "There are many rules and regulations that need to bind everyone, including us. ”

Caesar was perched on his throne, the black-shirted man next to him was concentrating on writing his notes with his head down, making sure that none of the Black Dragon Emperor's words were left out for later reading.

"Now I tell you some of the necessary details, note that this is not all. After you leave, you will have to think and supplement for yourself, and then come back to the royal court in a week to report and finalize the detailed regulations. ”

Caesar said: "A mature economic system must consider many things, stable, orderly, and developing...... However, now the empire's affairs in this area have just started, so you only need to consider stability and order for the time being, the so-called stability refers to the stability of funds, and at this stage, the only economic source of the Imperial Bank is the Black Wing Bond, so it must be ensured that the people do not arbitrarily ask for repayment. ”

"You mentioned it before, profit." Wren replied.

"If you want to ensure financial stability, you can't just rely on profits."

Caesar said: "It is true that the people can get a profit by buying bonds, but they will be suspicious of what is too easy to obtain, and we have just changed the name of this loan, and now you have to tell the people: the Black Wing bonds are recognized and protected by the laws of the royal court, and the Imperial Bank refuses to redeem the gold coins before the appointed time." ”

"But in this way, people may not be willing to lend to ...... Oh, and buy Black Wing bonds. Wren reminded.

"Don't be so harsh, Wren." The black dragon shook his head: "If the people who have purchased it repeatedly ask for the replacement of gold coins, the bank can let him redeem them in advance, but the punishment is essential, and the bank can deduct it through clever ways such as handling fees, liquidated damages, etc., but remember, this deduction cannot involve the principal." ”

"Another example...... The Reich Bank refused to sell bonds to this man? A young assistant to Wren interjected.

"Nice brain."

The black dragon nodded approvingly at the young black shirt: "In more formal terms, this is called disqualifying the person from buying the Black Wing bond again." ”

"After the restrictions are laid, the next step is to increase the stickiness of the Black Wing bonds, at which point the Imperial Bank must tell the public that the profits from buying bonds will increase over time. For example, the profit redeemed in the first year after purchase is 1 percent, the profit in the second year will rise to 2 percent, the third year will be 3 percent, and so on until the profit rises to 5 thousandths. ”

"The reason for this is really to give bond buyers the impression that the longer you buy a bond, the higher the return. For example, if you have 1,000 gold, and it is still 1,000 gold for a year when you bury it at home, but it becomes 1,001 gold after buying a black wing bond for a year, what do you say the people will choose? ”

"No need to choose."

His Majesty the Emperor's approval gave the young blackshirt confidence, and his voice was louder: "Not only that, but as long as the authority of the empire is assured, people will gradually develop a habit over time to use the money to buy Blackwing bonds instead of burying them, and they will try not to redeem them unless they need it urgently." ”

"That's right."

Caesar let out a low laugh: "Now I will give you a question to consider: if you are a merchant and you have purchased an imperial bond of 10,000 gold coins for eleven months, and the agreed redemption time limit of the bond has not yet arrived, but now because of financial problems, you are in urgent need of gold coins now. What would you do if you could only get 10,000 gold coins for redeeming the bond immediately, but if you waited another month and you could get an extra 100 gold coins? ”

"Of course I want to keep waiting, a hundred gold coins is what I can earn for serving the empire for a year, how can it not wait?"

"Fool, didn't you hear Your Majesty's words? There was no time to wait, the merchant was in dire need of gold coins. ”

"Then I have no choice, I can only redeem it."

……

The blackshirts were talking.

"Your Majesty."

After waiting for a while, the youngest blackshirt suddenly stood up and said, "The best way I can think of is to sell this bond to other merchants for ten thousand and ninety dollars, so that not only will I get my gold and profits, but that merchant will also earn ten gold coins after a month." ”

"What's your name?" The black dragon lowered his head slightly, looking at this small human with vertical eyes.

The young blackshirt quickly knelt down and said tremblingly, "Danpier, my name is Danpier Sherlock, His Majesty the Great Emperor. ”

"You're very nice, I've got your name down yet." Caesar nodded in satisfaction, while chagrin voices such as "Damn, I didn't think of that" came from the rest of the black shirts.

Danbier's choice is the most preferred, but he may not understand that in the process of this operation, the Black Wing Bond itself has replaced the value of 10,000 gold coins, that is, it has the function of currency in a sense.

Once people get used to it, the Imperial Bank will start issuing banknotes, and the Blackwing Court will be the first country in Elradia to use banknotes.