Chapter Ninety-Eight: Debt First in War! Li Mengyang's bad idea

(This chapter won't let everyone wait.,What?,This also means that the black car is ready.,Just wait for the early hours of tomorrow morning to put it on the shelves.,When the time comes, the black car will be directly more chapters.,This is a foundation.,The black car will definitely continue to work hard!) Black car please for your support, thank you! I hope you can support the black car, thank you very much! )

"On April 18, 1861, when my father came 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. When it comes to the choice between the United States and Virginia, my father will always stand firmly on the latter's side, and I have always known that...... It's the choice to protect freedom, Virginians know what freedom is, the Southern states have the right, the freedom to secede from the Union, and the Virginians' choices have nothing to do with slavery, only ...... Farewell Arlington, farewell Washington, farewell federal ......"

Eleanor stopped her pen and looked out the window at Arlington, for she was leaving here, and she was going to Richmond, Virginia, where her father, Robert Lee, had just turned down the appointment of President Lincoln, whom Mr. Blair had passed on to him this morning, to become commander of the U.S. Army, to lead soldiers to war in seven southern states.

My father will definitely refuse, because the United States is a country of freedom, and it is the best example of freedom and democracy in the world so far.

It is precisely because of this problem that Virginia will choose to stand on the side of the South, and Eleanor, as a Virginian, knows this very well.

The war had begun, but none of the facts made Eleanor even more uncomfortable.

"It's farther away from him."

Yes, Eleanor was further away from her love, and every time she thought of it, her heart was uncomfortable, and since it was uncomfortable......

"Badass! Bad apple! Bad apple! …… You scoundrel! I found another girl so quickly! Eleanor thought about the guy with tears in her eyes and cursed as she ...... This scolding, I'm afraid it's because of the lace news of Li Mengyang and Fiona, right?

Eleanor didn't want to read this lace news, but she couldn't help it, and in the end, she was angry that she knew the address of the New York Evening News, but she didn't write 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 U.S. Treasury Department, an old man and a young man are talking.

"Li, can this method you said really work?"

"Believe me, Mr. Chase, this is the best way for the U.S. government, and you, as Secretary of the Treasury, to find at this time."

"Oh, don't call me Mr. Chase, call me uncle, or just like everyone else, call me Salmon, be kind."

"Well, well......"

What's going on? Why would the U.S. Treasury Secretary be so affectionate to Li Mengyang, a Chinese?

Although we know that Mr. Chase's daughter seems to be Li Mengyang's girlfriend now, the former finance minister was ready to let his daughter dump Li in front of him.

Why is that?

God bears witness! Mr. Chase did think about marrying his daughter to someone else before, but when there was a huge problem in front of him, and he had nothing to do, but Li Mengyang gave a solution that seemed to be good, Mr. Chase naturally looked at Li Mengyang with admiration.

This problem is a financial problem!

The civil war in the United States has now begun, and the sound of the cannons at Fort Sumter illustrates a qiē, although more than 3,000 shells were fired, but the last one who died was not killed, but an unlucky horse in the south was injured, and when the cannonballs were pulled, the work was injured, but this war also began!

Since it has begun, is there still no money to fight?

But the U.S. government has no money at this time!

Not only did they have no money, but they also owed a whopping $65 million in debt to the federal government before Lincoln took office...... This also explains why this guy Buchanan is constantly disarming, and the army's weapons are aging and the staffing is so strange.

In such a dilemma, how can this battle be fought?

Mr. Chase is worthy of being the Secretary of the Treasury, he ran to Wall Street, and raised $50 million under the goosebumps, which seems to be enough to pay off the debt, right?

Then there is only one way, and that is to issue bonds!

This is a very normal method, everyone understands it. However, the current US government is not a fool, and let's not forget that there is no US central bank.

The first bank, the second bank, have already been dissolved after maturity, and there is no central banking system itself, so now there is almost no other way to issue bonds, only through the guò private bank, but!

This is obviously a self-contradictory matter, why is there no central bank, and the first and second banks are dissolved? It is to reject the bank capitalists, and to protect the US government from the manipulation of the banks!

In fact, this is not a problem for bank capital, but in line with the principle of separation of powers, the government is only an administrative body, and financial power should be separated.

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

Li Mengyang made a move, or issued bonds!

So how do you issue bonds?

Issuing bonds with small denominations is a bond for one dollar, that is to say, this bond is affordable for most people, but Li Mengyang's method is not to buy it, but to enforce it!

Gold and silver are not allowed to circulate in the market!

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

Bonds, in fact, are money!

It sounds a bit winding, but in fact, this is a loophole, that is, the United States was too lazy before, although it made out the dollar, it was not without a mint, but its own coinage is very small, and it has been using the Spanish big silver dollar, which is convenient for the government, but they actually ignore a huge interest, that is, the coinage right, and the coinage tax derived from this coinage!

Minting, how many Taos are in this thing?

In later generations, countless people made a fortune by studying this thing, let's say that a certain teacher Song who wrote "Currency War", people just studied this, and they could live a comfortable life.

But you see, the current U.S. government doesn't even know what this thing is going to do to them, these people...... Forget it, it's just the limitations of history, in fact, they are not stupid.

Of course, Mr. Song's masterpiece, Li Mengyang has read it, and it also writes about the relationship between the American Civil War and the legendary family surnamed Luo, but now, the American government is not an idiot, they are difficult to be fooled.

However, Li Mengyang's method is to start using the seigniorage now, that is, when gold and silver currency becomes paper money, then the U.S. government will make a huge profit, which is actually a huge amount of said.

Generally speaking, Li Mengyang's idea is still relatively mild, because this is 'prohibiting the circulation of gold and silver', hey, yes, it is not allowed to circulate, but it is not the gold yuan coupons that the Kuomintang engaged in in later generations in 1948, that is, 'prohibiting the holding of gold and silver', the so-called monetary reform, is to fucking rob the people's money!

The common people can't hold it, so where is the gold and silver? The Scraping People's Party took it, and then Yunbao Island went......

Therefore, Li Mengyang's policy is still good, and almost all countries in the world have done it in the future, which is relatively reasonable, so President Lincoln will naturally accept it.

But though, if you want to do this, you still can't do without the people at the bank.

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 bonds? Do you want to go to major cities to open outlets? Then this cost is estimated to be not much smaller than fighting a war.

Then you have to go to a Wall Street bank, otherwise you can't do it, but which bank to find?

"Hello, Mr. Morgan!"

"Oh, hello, Mr. Li!"

A young man with a thick mustache, a little short and fat, but it's a shame to say that he is young, generally speaking, fat people will look younger, but this guy is a special case, giving people the feeling of being very old.

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.

"The ......" However, Mr. Morgan was still very polite, and although he knew that the bald old man in front of him must be Mr. Chase, the Secretary of the Treasury of the United States, he still gestured to Clint Lee.

"Haha! Let me tell you about it. "Li Mengyang has been waiting for him to play this play, because this is the key to highlighting his own importance," this is Mr. Treasury Secretary, Salmon Portland Chase. ”

"I've admired the daimyo for a long time! Hello sir, I'm JP Morgan......"

Needless to say, these two men, one is the Secretary of the Treasury and the other is a Wall Street banker, oh yes, the young JP Morgan is only the son of a banker, but his shrewdness and ability have reassured the old Morgan.

How did this matter come to pass through Li Mengyang?

It's very simple, don't forget, Li Mengyang used to deposit the thieves of their 'Clint Eastwood Thief Team' in Zài Morgan Bank, and there are still a lot of investments after that, can the flow of back and forth be small?

In fact, as for the IPO of the "New York Evening News", it was all carried out by JPMorgan Bank, and it was also carried out by Li Mengyang and the young JP Morgan in front of him.

Therefore, this time the U.S. government took such a big action, Li Mengyang naturally thought of JP Morgan.

When JP Morgan heard Li Mengyang's mention yì, which was still called Ti yì at that time, the whole person's hair stood up and his eyes were green!

There are unimaginable benefits in this!

Needless to say, the young Mr. Morgan was a few close relatives of Clint Lee at that time, this great writer is simply a financial genius, and the god of wealth of their Morgan family!

They hit it off, but did the U.S. government agree?

If you don't say yes, you can't do it!

It's not that there is no financing plan before, it's not that there is no idea of settling the loan, no one is a fool, they know how to make money, but the plan given to Lincoln by Wall Street bankers is that the annual interest rate is 24%-36%!

If it is agreed, then this is an absolute traitor!

Li Mengyang heard that there seems to be the participation of the Rothschild family in this plan.

Therefore, no matter how you look at it, Li Mengyang's method is reliable, and for this reason, President Lincoln is ready to award Li Mengyang a medal, if it is done.

Morgan and Chase quickly talked about the scale of the bond issuance, whether it is $500 million or $1 billion, and Li Mengyang has nothing to do with it.

Because as long as you are so tidy and issue national debts, hehe, then our opportunity will come, and no one can stop it......

I1153