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Chapter 98 Debt is issued first in battle! Li Mengyang's bad idea

(This chapter won’t let everyone wait. That’s it. This also means that the black car is ready and will be put on the shelves tomorrow morning. At that time, the black car will be updated directly with three chapters. This is a foundation. The black car will definitely continue to work hard to update more! The black car is asking everyone for support, thank you everyone! I hope everyone can support the black car. Thank you!)

"On April 18, 1861, after my father returned home, he immediately said to us, 'We have to move, back to Virginia'. I noticed that my father's face was very heavy, but I also knew that he would make such a decision. In the choice between the United States and Virginia, my father would always stand firmly on the latter side. I have never known this... This is the choice to protect freedom. Virginians know what freedom is. The southern states have the right to have the freedom to escape from the Federation. The choice of Virginians has nothing to do with slavery, only... goodbye Arlington, goodbye Washington, goodbye the Federation..."

Eleanor stopped her pen and looked at Arlington outside the window. Because she was leaving here, she would go to Richmond, Virginia. His father Robert Lee just rejected Mr. Blair's appointment to President Lincoln that he had passed on to him, that is, to become the commander of the United States Army and lead the soldiers to war in seven states in the south.

My father will definitely refuse because the United States is a free country and is the best example of freedom and democracy in the world so far. Since it is free, why can't the southern states that joined the Federation under the conditions of freedom?

It is precisely because of this problem that Virginians have such a choice and stand on the southern side. As a Virginian, Eleanor is very clear about this.

The war has begun, but there is no fact that Eleanor is even more uncomfortable.

"It's farther away from him."

That's right, Eleanor is farther away from her love. Whenever she thinks of this, her heart will feel uncomfortable. Since it's uncomfortable...

"Bad guy! Bad guy! Bad guy!... You bad guy! You found another girl so soon!" Eleanor thought about that guy, crying and cursing... This scolding was probably because of the gossip between Li Mengyang and Fiona, right?

Eleanor didn't want to read this gossip news, but she couldn't help it. In the end, she was so angry that she knew the address of the New York Evening News, but she didn't write a letter to Li Mengyang, hey~

But in fact, Eleanor didn’t know that Li Mengyang was in Washington at this time!

In an office of the US Treasury Department, an old and a young man were talking.

"Li, can the method you mentioned really work?"

"Mr. Chase, please believe me, this is the best solution you can find at the moment, the United States government, and as Secretary of the Treasury."

"Oh, don't call me Mr. Chase, call me uncle, or just like others, call me Salmon, be kinder."

"This, okay..."

What's wrong with this? Why is the US Treasury Secretary so intimate with Li Mengyang, a Chinese?

Although we know that Mr. Chase's daughter seems to be Li Mengyang's girlfriend in name, the Minister of Finance was planning to let his daughter dump Li in front of him.

Why is this?

God testify! Mr. Chase did think about marrying his daughter to others before, but when a big problem arose in front of him and he had no choice, but after Li Mengyang gave a seemingly good solution, Mr. Chase naturally looked at Li Mengyang with admiration.

This issue is a financial issue!

The American civil war has now begun. The sound of cannons in Fort Sumter shows everything. Although more than 3,000 shells were fired, there was no one who died. It was just that an unlucky horse from the south was injured. When the shells were pulled, it was injured. But the war also began!

Since it has begun, is there any money to fight the war?

But the US government has no money at this time!

Not only did he have no money, but he also owed foreign debts. Before Lincoln took office, the federal government owed up to $65 million in debt... This also explains why Buchanan is constantly disarmament, and the army's weapons are aging in various ways, and the staff are so strange.

In such a dilemma, how can I fight this battle?

Mr. Chase is worthy of being the Secretary of Finance. He ran to Wall Street and raised $50 million under his sore face. This number seems to be enough to pay off a debt, right?

Then there is only one way, which is to issue bonds!

This is a very normal method, and everyone understands it. However, the current US government is not a fool. Don’t forget that there is no US Central Bank now.

The first bank and the second bank have all dissolved after maturity, and they do not have a central bank system, so there is almost no other way to issue bonds now, only through private banks, but!

This is obviously a self-contradictory thing. Why is there no central bank and the first and second banks disbanded? It is to reject bank capitalists, and it is to prevent the US government from being manipulated by banks!

This is actually not a question of bank capital, but is in line with the principle of separation of powers. The government is just an administrative agency, so financial power should be separated.

But now, the question is, what do you do?

Li Mengyang made a move and issued a debt!

So how do I issue a debt?

A small-degree bond is a bond per dollar, which means that most people can afford this bond, but Li Mengyang's method is not to afford it, but to enforce it!

Gold and silver are not allowed to be circulated on the market!

By the way, gold and silver are not allowed to be circulated, so if you want to buy things, you can only use what we send, that is to say...

Bonds are actually currency!

It sounds a bit confusing, but in fact, this is a loophole. The United States was too lazy before. Although it had made US dollars and had a mint, it was not without a mint. It has always used Spanish silver dollars. This is a matter for the government, but they actually ignored a huge interest, that is, the right to mint and the mint tax derived from this right to mint!

How many coins are there in this thing?

In later generations, countless people made a fortune by studying this thing. They said that a teacher Song, who wrote "Currency War", could live a comfortable life by studying this.

But you see, the current US government doesn’t know what this thing will bring to them at all. These people... Forget it, it’s just the limitations of history, but they are not stupid.

Of course, Li Mengyang has read Teacher Song’s masterpiece, and it also describes the relationship between the American Civil War and the legendary family named Luo. But now, the American government is not idiots, and it is difficult for them to be fooled.

However, Li Mengyang's method is to start using the seigniorship tax now, that is, when gold and silver currency becomes paper currency, the US government will make huge profits, and there are actually a lot of things to say here.

Overall, Li Mengyang's idea is relatively mild because it is "forbidden the circulation of gold and silver". Yes, it is just not allowed to circulation. It is not the gold and round coupons that the Democratic Party made in 1948, which is "forbidden the holding of gold and silver". The so-called monetary reform is to rob the people of the people's money!

The people can no longer hold it, so where did the gold and silver go? They scraped the Democratic Party and then went to Baodao...

Therefore, Li Mengyang's policy is still good. In later generations, almost all countries around the world have done this, which is relatively reasonable, so President Lincoln will naturally accept it.

But, if you want to accomplish this, you still cannot do without the bank's people.

There is no way. The United States does not have its own central bank at this time. Can he sell it if he wants to issue a debt? Could he go to major cities to open outlets? Then the cost is probably not much smaller than that of war.

Then you have to go to the bank on Wall Street, otherwise this matter cannot be done, but which bank should you find?

"Hello, Mr. Morgan!"

"Oh, hello, Mr. Li!"

A young man with a thick beard and a little short and fat man, but he is a bit insincere. Generally speaking, fat people will look younger, but this guy is an exception and gives people the feeling that he is very mature.

That's right, he's John Pierpont Morgan!

At this time, JP Morgan was actually only 25 years old, but he felt like a middle-aged man.

"This..." However, Mr. Morgan was still very polite. Although he knew that the bald old man in front of him must be Mr. Chase, the Secretary of the Treasury, he still signaled Clint Lee.

"Haha! I'll introduce you to you." Li Mengyang was actually waiting for him to play this, because this is the key to highlighting his own importance, "This is Mr. Secretary of Finance, Salmon Portland Chase."

"I have long admired Daming! Hello sir, I am jp Morgan..."

Needless to say, these two people, one is the Secretary of the Treasury and the other is the banker on Wall Street. Oh, by the way, the young JP Morgan is still the son of a banker, but his shrewdness and ability have already reassured the old Morgan.

How did this incident pass Li Mengyang?

It's very simple, don't forget that Li Mengyang used to store their "Clint Eastwood Thieves Team" stolen stolen goods in Morgan Bank, and there were still a lot of investments afterwards. So how can the turnover be small?

In fact, just the iPo in the New York Evening News, it was all done by Morgan Bank, and it was done by Li Mengyang and the young man in front of him, JP Morgan.

So, this time, Li Mengyang naturally thought of jp Morgan.

When JP Morgan heard Li Mengyang’s proposal, he still called him a proposal at that time. His hair was standing up and his eyes turned green!

There are unimaginable benefits in this!

Needless to say, the young Mr. Morgan was short of acquaintance with Clint Li at that time. This great writer is simply a financial genius and the God of Wealth in their Morgan family!

They hit it off, but did the US government agree?

No way not to agree!

There was no financing plan before, not a person without a settlement idea, no one was a fool, and everyone knew how to make money. However, the bankers on Wall Street gave Lincoln an annual interest of 24%-36%!

If you agree, then this is an absolute treason!

Li Mengyang heard that the Rothschild family seemed to be involved in this plan.

So, no matter how you look at it, it was a reliable method made by Li Mengyang. For this reason, President Lincoln was preparing to award Li Mengyang a medal, if it was done.

It's okay to succeed. Morgan and Chase soon talked about the scale of bond issuance, whether it is $500 million or $1 billion. Li Mengyang is not involved in this matter.

Because as long as you do this and issue national debts like this, hehe, then our man’s opportunity will come, and no one can stop it...

...
Chapter completed!
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