Water Margin: The opening scene involves assassinating Emperor Huizong of Song and forcibly taking L

Li Shishi saw him get up

Have someone bring breakfast immediately.

After breakfast, Chunmei and Jinlian couldn't wait to say...

"My lord, I will accompany you to deal with those eunuchs and palace maids."

Zhao Yuan laughed and said, "Why are you two in such a hurry?"

Chunmei wrinkled her nose and said,

"The scenery in this palace is beautiful, but now it's crowded with people, making it no fun at all."

Her words immediately reminded Zhao Yuan of tourist attractions during holidays in later generations.

Crowds everywhere, even the most beautiful scenery is ruined by the crowds.

Zhao Yuan smiled and said, "Just follow Shishi and do as I say. I still have a lot of things to do."

……

The Great Hall of State Affairs

Zhao Yuan summoned Xu Guanzhong.

"Now that we have captured Tokyo, it's time to distribute the bounty."

"And even more, so that the whole world knows that our Great Liang treats its meritorious officials well."

"That way, they can be attracted to submit."

"In that case, let the Ministry of Revenue allocate one million strings of cash first."

"Your Majesty, the Ministry of Revenue probably doesn't have that much cash."

Xu Guanzhong said helplessly,

"After killing those corrupt officials, although we confiscated tens of millions of strings of cash,"

"But this enormous court requires expenditure from top to bottom..."

Chapter 1747 Ticket Shop

"Alright, I know this money comes from the national treasury,"

Zhao Yuan laughed and said, "Give me this money first; consider it a loan from the Ministry of Revenue."

"I'll set up a money exchange later, and the money I earn will belong to the royal family, saving me the trouble of transferring funds from the national treasury to the imperial treasury."

Xu Guanzhong asked curiously, "What is a bank?"

Zhao Yuan laughed and said, "Simply put, it's about getting people to deposit their money here."

“I will give them some interest, and then I will lend the money they saved to those who need it,”

"Of course, they also need to pay interest,"

"This interest rate will definitely be higher than the interest rate I give to the people,"

"The difference in price is the profit of the bank."

Xu Guanzhong was initially somewhat interested when Zhao Yuan said he could solve the royal family's expenses.

But upon hearing Zhao Yuan mention the money exchange business, he immediately shook his head and said...

"Your Majesty, aren't you even more ruthless than a landlord's usurious loans?"

"The money that the landlord lent out was still his own."

"You are lending out the people's money."

"Your Majesty, won't doing this damage the royal family's reputation?"

Zhao Yuan laughed and said, "The interest rate I charge on loans is definitely not as high as that of the landlords."

"Moreover, having money exchange banks can reduce the way landlords bleed the people dry."

"You all need to think about this more. My bank only makes one percent profit a year,"

"The landlords, however, demand four or five percent, and then the poor people and merchants will borrow from me,"

"So that the people won't be ruined and killed by those vampires when disaster strikes."

Xu Guanzhong thought for a moment, then said,

"But if everyone comes to deposit money and fewer people borrow, wouldn't you lose money?"

Zhao Yuan smiled and said, "As long as the interest rate isn't too high,"

"Businessmen who want to expand their businesses but lack funds will scramble to borrow from them,"

"And if the loan interest rate is five times higher than the deposit interest rate,"

"If I deposit one million strings of cash, I won't lose money if I lend out two hundred thousand strings."

Zhao Yuan nodded and said, "In that case, this is indeed a good way to make money."

"But if you lend all the money out,"

"If people come to collect their money, what will you give them?"

Zhao Yuan smiled and said, "This problem is easy to solve. Just keep some money in reserve."

Xu Guanzhong frowned and said, "What if they want to take more money than you left?"

Zhao Yuan was surprised that Xu Guanzhong reacted so quickly.

Banks are indeed most afraid of a run on their banks.

Sometimes it's a problem with the bank itself.

Sometimes it's done intentionally by the opponent.

The survival of a money exchange depends on its reputation.

If the money cannot be redeemed, who would dare to deposit money there in the future?

The best way to deal with a bank run is to expand the scale of operations.

Keep an appropriate amount of cash on hand.

If the bank's scale is only one million strings of cash,

It is easily squeezed out by some competitors.

The competitor only needs to deposit 100,000 strings of cash, and wait until the bank has less cash on hand.

This could prevent the bank from cashing out its bills, thus destroying the bank.

However, if the scale is ten million strings of cash...

Then no one can maliciously run on the bank.

Even if you save a million strings of cash

That's only a very small percentage.

Unless a large number of people stage a run on the bank,

But it has the royal reputation to back it up.

Unless the country is unstable,

Otherwise, most people wouldn't have rushed to complain.

Zhao Yuan laughed and said, "As long as the royal family's reputation remains intact, the number of people depositing will definitely exceed the number of people withdrawing."

"Furthermore, I want to issue silver notes to replace the old paper money,"

"As long as there are no problems with the circulation of banknotes, I..."

"You can also exchange all your savings for banknotes."

Xu Guanzhong frowned and said, "What Your Majesty said has confused me a bit."

"But the old paper money was issued by the imperial court, wasn't it?"

"You think you can just print a piece of paper and use it as money? Who among the people would want that?"

Zhao Yuan laughed and said, "Of course we can't just print them anywhere."

“If I have 100,000 strings of cash, I’ll print 100,000 strings of banknotes.”

"The banknotes are guaranteed to be convertible into cash."

"Others will naturally use it; the paper money was originally printed by merchants."

"As long as the payment is guaranteed, everyone will use it,"

"It's also convenient to do business with paper money."

"When a merchant travels to another place to do business, he needs to fill a cart with 10,000 strings of cash."

"A few silver notes will suffice."

"Then why would a merchant from out of town accept your banknotes?"

"They still have to come to the capital to cash it in."

Zhao Yuan smiled and said, "In the future, I will set up branches in all the larger prefectures."

“If the banknotes can be cashed in every state, people will naturally use them.”

Zhao Yuan thought for a moment and said, "With the current chaos and turmoil, I'm afraid you can't do this kind of business."

Zhao Yuan nodded and said, "We can't open branch offices now, so we can only deal with the silver notes after we unify the country."

"However, we can start with deposits and loans, let the people of Tokyo deposit their money, and then I can lend it out."

"What if you lend money out and the borrower can't repay it?"

Zhao Yuan laughed and said, "Of course, not just anyone can get a loan."

"Those who want a loan must provide collateral; they can use property deeds, land deeds, or something similar as collateral,"

"If they can't repay on time, I can sell their collateral."

Chapter 1748 The Former Dynasty's Concubine

Xu Guanzhong frowned and said, "Something doesn't sound right to me. It's about selling land and houses."

Zhao Yuan explained, "Loans and loans are all based on mutual consent; I would never force them to lend money."

"Besides, even if I don't lend them money, they'll just pawn it at some pawnshop or something,"

"My bank always offers lower interest rates."

Xu Guanzhong shook his head and said, "I don't understand Your Majesty's bank either."

"It sounds like there's nothing wrong with it in general."

"Your Majesty, please handle this as you see fit, but please be careful."

……

Zhao Yuan went to the military camp again.

Wang Jin has already taken up his post.

Lin Chong was also aware of Wang Jin's abilities.

I wasn't unhappy.

Instead, he handed over his 10,000 veterans to Wang Jin for training.

He is prepared to focus on achieving success on the battlefield.

The Ministry of War has also begun recruiting new soldiers.

I believe that in the near future,

Then Daliang will have sufficient troops.

Zhao Yuan observed that the military affairs were progressing smoothly.