The five people at the wine table have fallen into a logical circle, and they can't understand Xiao Letian's routine at all, how to see how this 20-year tax reform plan is beneficial to the imperial court.

Using the debts of the imperial court to issue small bonds and absorbing real money from the people, everyone understands this routine, and everyone also understands where Xiao Letian's benefits and risks are.

The income is naturally the interest of the acceptance bonds, and the household debt packaged by the imperial court must be preferential when it is given to Xiao Letian, and the debt of one million taels is given to Xiao Letian, in fact, Xiao Lotian only gives the imperial court 900,000 taels of silver, and the difference is Xiao Letian's profit.

Not only that, but now Xiao Letian provides the latest Ryukyu dragon pattern silver to the household, and this beautifully minted silver coin has replaced all the original ingots, silver ingots, and horseshoe silver in the Qing Dynasty...... and so on, if Xiao Letian can't make money from the process of minting silver coins, then he won't believe it if he kills a few princes.

In the end, the printing of bonds is thought to be over-issued, for example, if there is a debt of one million households, Xiao Lotian may make it one million and two million, and the difference here is not small.

At present, the imperial court can think of these three profit points, as for the economic dependence generated by relying on credit currency, it is not something they can figure out, and even many tricks even Westerners can't figure out.

It should be said that except for the top Jewish bankers in the world, few people in the world can fully understand Xiao Letian's economic layout.

Fortunately, Xiao Letian's tentacles are only in East Asia at present, fortunately he has not shown his ambition for gold, and fortunately, the earth is not yet a village, the efficiency of sailing ships sailing around the world is not high, and the global networked telegraph network has not taken shape.

Everything gave Xiao Letian and even the Chinese nation the last chance for rejuvenation, and the time was not much, that is, 20 years.

Xiao Letian knows very well that once 20 years later, ironclad steamships begin to be fully popularized, and the global telegraph network is built and used, it will form a huge controlling force with the West as the core.

The financiers of the city of London could get the price of raw silk and the exchange rate of gold and silver in Shanghai in a matter of hours, the bankers of Wall Street in the United States could cross the Pacific Ocean in fifteen days, and even the expedition of the armies of the great powers from Europe to the Qing Dynasty was only a little more than two months.

If Xiao Letian's career really started at that time, then all his acts of privately minting silver coins, issuing credit currency, and secretly extracting gold and silver reserves from the Qing Dynasty will all be exposed, and he will definitely be fiercely attacked by some financial predators.

Relying on the progress of science and technology, the Western financial forces will only become more and more powerful in the end, and they will not hesitate to start a war as long as they have enough interests.

But now everything is still in time, the so-called 20-year tax reform plan, that is, Xiao Letian's 20 years of lying on the salary and trying his courage, 20 years of life and gathering, through the Chinese national fortunes will be a vast sky, and it is a big deal to repeat the tragic cycle of the past.

This is Xiao Letian's real calculation, but unfortunately no one in the Manchu Qing Dynasty can understand it.

Weng Tongyi analyzed the benefits of the imperial court and the benefits that Xiao Letian could get, and then briefly talked about the risks.

"This method of issuing currency, foreigners also said, the most feared is credit collapse...... That's right, neither the imperial court nor Xiao Lotian Bank's credit can collapse, this is the most critical point......"

"If the credit collapses, then it will cause a very big run, and the court and Xiao Letian will definitely not be able to take out so much cash, and when the time comes, you run on me, and the bonds will become waste paper......"

Prince Gong took a sip of half a glass of wine, "Credit collapse?" According to the above statement, the imperial court has taken out the tax as a credit guarantee, even if there is no silver exchange, you can use bonds to top the tax, will this collapse?"

"And the Ryukyus controlled by Xiao Lotian have also used their credit to make a second guarantee, I heard that the Ryukyus are now crowded with thousands of merchants, even if they covet the tax relief of the Ryukyus, I think there will be people who want these bonds......"

Weng Tongyi nodded, "That's right, but what if the country's credit collapses? What if the people lose confidence in the country?"

Hmm? Prince Gong and Prince Alcohol sat up straight all of a sudden, "You mean Zuo Jigao, are you afraid that he will be defeated?"

"It's not that I'm afraid that Zuo Zongtang will be defeated, but that Zuo Zongtang can't be defeated...... He must win, if his side loses and loses Xinjiang, then all the victories since Tongzhi Zhongxing will be in vain, and then these bonds will not be a life-saving medicine, but a poison to kill......"

Hubu Lao Lin asked puzzledly, "Since the risk is so great, why does Xiao Letian still cooperate with the imperial court? Could it be that he is really a loyal minister of the Qing Dynasty? Or does he have the ability to predict the future, and knows that our Qing Dynasty will not be able to fall, or at least it will not fall within 20 years?"

"But his usual behavior is not like a loyal minister, right?"

Everyone frowned and said in unison, "Yes, this is what we can't understand, it's nerve-wracking!"

The meeting lasted until midnight, and the dishes were changed four times in a row, and it was always cold after the serving, and then it was cold again. How many times have people wanted to veto this tax reform, but when they think about the empty treasury of the household, they all sigh and shake their heads.

"We still have to ask for money, we can't do without money! The prince can't train without money, look at the equipment of Xiao Letian's soldiers, even if the big-headed soldiers are dressed more foreign than our generals, all our soldiers in the Qing Dynasty on the street are like beggars......"

"It is said that Xiao Letian's army can fight, and I don't look at how much silver it is fed, I haven't heard of people's arrears of military salaries, and the bullets are all open training, where to drag out a soldier at random, they all say that they are marksmen!"

"Forget it, no matter how many it is, we Manchus arose in the White Mountains and Black Waters, relying on the Central Plains where all the people were soldiers and entered the Central Plains, why can't the Eight Banners system be changed? Because if we change it, we will not be Manchurian......"

"I don't have so many worries, now that the dynasty has reached this point, we have to take charge of the army, if we don't have a reliable strong army, we can't deter Xiaoxiao, and then we will have to lose the country's ......."

In the end, Prince Gong said fiercely: "Report, I will not change a word of this tax reform plan and report it to the imperial court, so that the hundred officials can discuss it...... As long as Xiao Lotian dares to give me money, I dare to sign and agree!"