Wild North America 1846

The monarch and his ministers walked and talked, and the atmosphere was very relaxed and happy.

At this moment

Viscount Dong Jie, the head of the Inner Court Secretariat, hurried over with a report in his hand. When Richard saw it, he stopped and waited for Dong Jie's arrival.

"Your Majesty, this urgent document comes from New Orleans. It is the 7th war loan request of the Confederate States of America submitted by the local joint banking group that is negotiating." Dong Jie presented the report with a respectful expression.

Richard did not answer, but gave a calm command: "Let me briefly describe it. It's not a strange thing."

"We sincerely obey the Holy Orders; this joint banking syndicate signed and reported by the Ministry of Finance, the main idea is that the Confederate States of the United States are short of money and are eager to raise a large war loan. The total amount of loans requested is 250 million Tang Yuan. The bank syndicate gave

The annual interest rate of the loan is 17.6%, and the term is 25 years. Since the amount of this loan is extremely large, the Royal Family Fund is also involved as the main lender, and we have specifically requested the Holy See."

"How much is the cash portion?"

"Following the usual practice, the cash payment will be 10%."

"Humph, you people who go to the south to do business in banks and royal funds are all pig-minded. You were accidentally deceived by the southerners. What do you mean by "following the old routine"? In the past, a war loan was more than 10,000 yuan.

It's more than 10 million, and if I give you 10% in cash and 90% in goods, it's still reasonable.

Now the Southerners' appetite is getting bigger and bigger. In September last year, they just borrowed 160 million yuan, which was used up in just half a year.

Don’t you know how much 10% of NT$250 million is?

They had nothing but wine and rice bags, attended several high-class drinking parties, played with a few women and couldn't even find them in the southeast, northwest, and north. The royal family's money didn't come from the strong wind. I told them to give them 8 million in cash and the rest would be used as payment for goods.

This time, the royal family wants to take the lion's share of the money, and arranges for the Ministry of Internal Affairs to jointly purchase and deliver goods in the name of the royal family. Anyone who dares to interfere in this matter will be killed immediately.

The price will be the same as the last time it was delivered to the South. Anyway, the Southerners want to take advantage of the big ones, so I will let them eat freely and see who dares to take advantage of me?

Instead of using so much money to support those drunkards and black-hearted capitalists, it is better to support the king's army.

I don’t even understand how to do this, and this group of people seems to be useless. After they come back, those who should be retired will be retired, and those on the second line and those suspected of insider trading will be sent to the Independent Commission Against Corruption for punishment. Their homes will be confiscated and their property will be confiscated. Severe punishment will not be given.

Since ancient times, money has moved people's hearts, but that is my royal family's money, and I will chop off the paws of anyone who dares to reach out."

Richard scolded him. Director Dong Jie was really wronged. This matter had nothing to do with him at all. He didn't dare to raise his head after being scolded.

But then again

This matter involves the Royal Holding Fund under the Ministry of Internal Affairs, which is indeed closely related to the Secretariat. Once the huge war loan of 250 million yuan is confirmed, it will be a big piece of fat!

According to current prices

Just deliver the entire goods worth 50 to 60 million to the southerners, and the rest will be a crazy price increase.

Domestic suppliers dared to raise prices crazily in the south. Banks, manufacturers, agents, major nobles and the military stepped in to share the benefits and feast, and they all made a lot of money.

The royal family has a high shareholding in major banks, so naturally it is inevitable to get a large share.

The Southerners got goods worth 50 to 60 million yuan, but they had to repay the principal and interest according to the 250 million yuan war loan, and the annual interest rate was as high as 17.6%. There were also high penalties for overdue interest, and the repayment period was as long as 25 years.

Year.

This time, the Royal Family Fund led major banks to form a joint syndicate, and the Royal Family Fund accounted for half of it. The issuance of high-dollar war loans to the Confederate States of the United States contained huge benefits.

If the shares held by the Ministry of Internal Affairs in major banks are included, the proportion exceeds 78%. The royal family almost single-handedly absorbed this huge war loan.

I won’t do anything from now on

The interest on this 250 million yuan loan alone can earn 35 million yuan a year, which is even more than the annual dividends and huge profits of the oil industry in which the royal family has a stake. It makes me laugh when I fall asleep.

Huge benefits inevitably involve huge risks. Although the Confederates won the Battle of Kansas, the Northern Fleet had blockaded New Orleans and had several naval battles. The Northern Fleet relied on its ship superiority to suppress the South and planned to fight.

Landed in New Orleans to implement the North-South strategy.

While occupying the rich coastal areas of the South, it is indeed a vicious strategy to strangle and block the South's economic output and combat its war potential.

As the war entered its third year, although the Confederate States of America withstood the Northern Army's onslaught, it became clear that it was unable to continue and was in danger of losing the entire war.

If that's true

After the victory, the American Northern Federation turned its back on its people. The 450 million Tang Yuan that the Tang royal family had already loaned, plus this 250 million Tang Yuan, that is, all 700 million Tang Yuan would have to be wasted. All of these huge loans had to be wasted.

Serious risk of loss.

The Europeans were ready to watch the joke, and all kinds of disparaging public opinions were heard endlessly. In their writings, the Tang Kingdom seemed to have become a big fool.

Even if the two sides draw a tie, with the current financial strength of the Confederate States of the United States and the economy returning to its highest level before the war, it will not be able to repay the high-interest war loan of up to 700 million Tang Yuan.

Why not?

Just do some calculations and you will know that the Tang Kingdom was driven by the strong demand of the American Civil War throughout 1858, and its economy grew rapidly. The annual gross national product reached 1.624 billion Tang yuan, which was much higher than the estimated economic value.

In 1858, the revenue of the Kingdom's finance (note; excluding the revenue of the Royal Household Office) reached more than 93.7 million yuan, an increase of 37% compared to the previous year. This figure is simply jaw-dropping.

This is because the prices of materials for the Southerners have increased wildly, and taxes must be paid on these false profits. How can the tax increase not be high?

How big is the overall economic size of the American South?

From the bright side

Various historical documents show that before the war, the scale of the industrial economy in the South of the United States was only 15 million U.S. dollars, with about 110,000 workers, which seemed to be only one percent of the U.S. North's 1.5 billion U.S. dollars economy, and its weakness was negligible.

But in fact, the South of the United States is the "World Cotton Kingdom", supplying 75% of the cotton for the British cotton spinning industry, and widely supplying cotton for the French and German cotton spinning industries, employing more than 8 million white people and 4 million black slaves.

The annual export value reaches more than 87 million pounds, equivalent to 435 million U.S. dollars.

Therefore, the South of the United States is far less weak than it appears, and the North is not as strong as the numbers appear.

in the original history

If President Lincoln had not announced two subversive policies, the Emancipation Proclamation and the Homestead Act, which triggered blacks yearning for freedom to flee to the North and join the army regardless of life and death, which greatly increased the military strength of the North, the South would not have been easily conquered.

The North was defeated.

After the war, the Homestead Act triggered a frenzy of western development, and freed blacks joined the industrialized army. Otherwise, the national strength seriously damaged in the Civil War would not have been able to recover so quickly.

The world is different now

Lincoln burped in advance, and there was no room or possibility for the implementation of the Homestead Act, because all the west was now the territory of the Tang Kingdom. How could the Americans be allowed to invade it at will? That was just nonsense.

In addition, the southern United States is backed by the Tang Kingdom and secretly supported by Britain, France and other countries. Richard is 99% sure that the southern United States will win the final victory. He cannot be wrong.

If it doesn't work, the Tang Kingdom will end it in person!

Anyway, this is a war that has been planned for a long time, and it is also a fateful battle for North American hegemony. Sooner or later, both the Tang and the United States will have to fight.

It would be better to take advantage of the American guy being beaten to death and beat him up, and then turn him into a disabled person, which would save time and effort.

Therefore, the South cannot lose and cannot afford to let this debt slip.

However, the high-interest war loans amounting to 700 million yuan, and the annual interest repayment alone will exceed 100 million yuan. How can the United States and the Allied Powers afford to repay it?

Hehehe...

Here comes the drama, that's the problem.

Anyway, the debt is left there. If it is not paid back in January, there will be one month's interest. If it is overdue, there will be penalty interest. The interest will be compounded. Anyway, the Tang Kingdom is not in a hurry.

After a few years, the principal and interest on the loan will be as high as the sky. If it doesn't work, just fight. If the southerners are too timid to fight, then sit down and talk slowly about re-arranging the debt.

In order to show sincerity, the Tang Kingdom could also lower some of the original interest rates. After all, the debt scale had snowballed several times, and even if the interest level was reduced, the income would be considerable.

The loan repayment period can be longer, such as 60 years or longer. In that case, the annual repayment pressure will indeed be less, but the principal and interest will be an incredible number.

Can the American South devalue its currency?

In fact, it doesn't work, because the southern United States borrows money from Tang Yuan, and the principal and interest must be paid with Tang Yuan. The US dollar bills issued by the southern states are useless pieces of paper, and no one wants them.

The Tang Yuan is linked to the value of gold, and its currency value is constant. After establishing its dominance in North America, its purchasing power will increase strongly, which will further increase the burden on the Southern people to repay the principal and interest of the loan.

When they were really forced to do nothing, the Southerners could only sell their houses, land and assets. After mortgaging customs rights and interests, they could then mortgage port facilities, railways and large tracts of territory, or simply sell them to repay part of their debts.

As long as the southerners are willing to talk, Richard welcomes them sincerely.

With this huge loan to win the Civil War, Richard was able to keep the Southerners under his body and eat them for 100 years. Such a cruel man!

After a scolding

Several big guys in the military department shrank their heads and pretended to be ostriches. His Majesty was so scared of people when he was angry, and his aura was so strong that it was difficult to breathe. Although everyone was very familiar with Dong Gongbao on weekdays, they did not dare to do it at this time.

Set yourself on fire.

Richard was not angry with Dong Jie. After scolding him, he waved his hand and his expression improved a lot, saying, "Okay, the Secretariat is my eyes, ears, and hands and feet. You should also pay more attention to the Ministry of Internal Affairs.

Just do as I say in this matter."

"Your Majesty is furious with thunder, and the humble minister deserves death."

"Strictly speaking, you have suffered on behalf of others. I allow you to get it back in this situation. Just be a little more measured in your actions. Go ahead and do the work."

"I respectfully comply with your Majesty's instructions. I am resigning." Viscount Dong Jie was scolded and his face was filled with cold sweat, and he staggered back.

Several military ministers looked at each other, speechless.

Dong Jie suffered a lot at this meal. Those in the Ministry of Internal Affairs and the major banks must have suffered the crazy wrath of the Internal Affairs Minister. It is inevitable to change a batch of blood. Maybe there are also some middle and upper-level officials.

Will lose your head.

To do things ineffectively, to deceive the Holy Spirit, and to convey benefits privately is a crime worthy of death.

Why is Your Majesty angry?

There are so many smart people from the royal family fund and bank executives who went to New Orleans to negotiate, but no one sees the problem with these four words "following the old routine"?

The ratio of 250 million yuan to 10% is 25 million yuan. Who set this "old rule"?

This is clearly a way to deceive the Holy Spirit, and his heart should be punished!

These fools who think they are smart don't even think about it. The current sage is a rare sage in the past, and Guan Gong is playing a big sword in front of him... They are all just tired of living.