Chapter 382 Idar United Savings Bank (Two in one! Please subscribe!)

Are those businessmen who spend most of their family assets and scramble to buy houses stupid?

Of course they are not stupid!

As a commoner, he was able to accumulate a fortune of thousands of gold coins by relying on his own abilities in an era when nobles were rampant and the people were suffering. This is definitely not something that an ordinary person can do.

Therefore, they not only need to have an extremely flexible mind, but also know how to advance and retreat, understand the truth, know what they can and cannot do, and the most important thing... is to see the general trend clearly.

It was for this reason that they came to the Principality of Idar in the east of the empire when the situation in the inland of the empire was in chaos.

In just two years, the income of civilians in the Principality of Idar has at least tripled, and prices in the principality have also risen slightly to a certain extent.

This is naturally inseparable from the rule of Bruno Stuart, Duke of Idar, but it also means that a large amount of money began to flow into the Principality of Idar.

And this is just the beginning. This land located in the eastern part of the empire will surely become the most prosperous place in the entire continent under the rule of the Stuart family.

This is also the consensus of all civilian businessmen.

so……

Even though the current price of 20 gold coins per square meter is jaw-dropping, these businessmen have already had a bold idea in their minds, which is...

If a period of time passes, the price of this noble manor may not be as simple as twenty gold coins per square meter!

Although such a conclusion seemed a little unbelievable to the businessmen, this was indeed their guess after witnessing the development of the Principality of Idar with their own eyes.

It is precisely because they saw the future in the Principality of Idar and the bright future that businessmen have, that they dared to spend most of their wealth to buy a villa of 300 to 500 square meters.

Not to mention that living with nobles is indeed a very prestigious thing. You have to know that the property developed by Riverside Real Estate is the property of Bruno Stuart, Duke of Idar!

You can't buy at a loss, you can't buy to be cheated! Therefore, these factors have made the businessmen present eager to try, coupled with the hot atmosphere deliberately created by Riverside Real Estate, the 67 villas in the first phase of Noble Manor were actually sold out in just one night.

However, when Lucio, accompanied by his wife, happily paid the money, signed the purchase contract of the villa and walked out of the sales office, he still couldn't help feeling a little unreal.

A down payment of 2,000 gold coins, plus a loan of 4,000 gold coins, with a monthly repayment of more than 20 gold coins, to be paid off in 16 years...

A civilian businessman who originally had a fortune of thousands of gold coins, but overnight he was burdened with a debt of up to 4,000 gold coins...

Not to mention Lucio who had worked hard to save money, anyone would feel a vague sense of worry afterwards.

Where am I?

What was I doing just now? Just for a villa, I actually spent most of my life savings? Is this... really necessary? However, it seemed that the emotions of these businessmen after the purchase had been anticipated. The next morning, the Idar Daily published the grand sale of the noble manor on the front page.

[Shocking! Nearly 100 villas were sold out overnight, with a total value of hundreds of thousands of gold coins! ]

In fact, this article is not just an ordinary shocking article.

Despite the somewhat exaggerated title, the book recounts the changes in the development of the Principality of Idar during this period from various angles, vividly depicting the great attraction of the eastern part of the empire to merchants.

Of course, the article also expresses a point of view... Good job on those who bought the villa! They are all smart people with foresight! And...

Almost the next day, Riverside Properties sent a detailed construction schedule to all customers who had signed contracts, specifying when construction would be completed, when decoration would begin, and when they could independently choose the interior decoration theme of the villa.

After seeing a series of complete plans, the worries in the businessmen's hearts gradually fell.

Anyway…

This will never be a losing deal.

Those businessmen who failed to buy the villas were all beating their chests and stamping their feet, feeling quite upset.

…

The hot sales of the Noble Manor and the income and expenditure of Riverside Real Estate during this period were delivered to Bruno's desk early the next morning.

How to say it?

Just relying on the down payments and deposits paid by the merchants, Riverside Real Estate can fully recover the initial construction costs.

but……

Bruno had expected this and was not too surprised.

Or to be more precise, he had already been surprised.

How many gold coins were there in the Stuart family's vault when Bruno first came into this world?

Bruno remembered clearly that due to his original body's unique skill of squandering money, the amount of gold coins he could use was only 2,520. Among the countless nobles of the Norman Empire, he was undoubtedly at the bottom.

Therefore, in order to build the Hanging Gardens, Bruno improved the salt-drying method, opened a sugar-making workshop, supported coastal residents to go fishing, and organized serfs and civilians to form production teams...

There was only one reason why all these things had to be done in such a hurry at that time, that was because there was no money and no food.

But what about now? After such a long period of development, just by selling a few houses to wealthy businessmen, you can earn a profit of tens of thousands of gold coins! Is this a lot?

A lot, but not enough.

Whether it is the construction of basic disciplines, or the promotion of social progress and the improvement of the comprehensive national strength of the Principality of Idar, these simple-sounding words require a lot of human and material support.

But Bruno alone is obviously not enough.

Bruno needs to tie more people to the chariot of the Principality of Idar. No matter whether they are merchants or nobles, as long as they agree with Bruno's ideas and become citizens of the Principality of Idar, they can become a driving force for the continuous development of the Principality of Idar.

therefore……

Bruno's goal now is very clear, which is to take money out of the pockets of merchants and nobles and use it to promote the progress and development of the Principality of Idar.

The science and technology of this era were very backward and the people were very poor, but the nobles and businessmen were not poor.

However, Bruno could not use a tough approach.

He wanted the nobles and businessmen to willingly take out the money from their pockets. While allowing himself to gain money, he also wanted the nobles and businessmen to have a sense of satisfaction, so as to achieve a win-win situation!

Therefore, not only did the riverside real estate managed by Harley Santa Cruz come into being because of this, but the original intention of the Idar United Savings Bank, which was ordered to be established by Bruno, was also the same.

but,

Although it is called Idar United Savings Bank, in fact, this first bank in the Principality of Idar, established by Bruno's order, will not provide direct services to the civilians of the Principality of Idar in a short period of time.

Its only clients are the nobles and merchants of the Principality of Idar, and its business is simply to absorb deposits and make loans.

In Bruno's view, economics and finance are very complex subjects that do not allow for any carelessness.

If you are not sure you can do it well, it is better not to do it.

Not to mention standing lending facilities, medium-term lending facilities, inflation rates, open market operations, and all that other shit.

For the Principality of Idar today, it is probably impossible to solve even the most basic issues such as how to calculate the discount rate and how to determine the reserve requirement ratio.

The Principality of Idar did not have talents in this area, and Bruno was also worried that if a bank was set up rashly, it would bring unpredictable economic risks to the Principality of Idar, which had been developing steadily.

After all, whether Bruno's economic knowledge can be applied in this era, and whether it will not be suitable for local conditions, remains to be considered.

so……

The latest novel is published first on Liu9shuba!

Only businessmen, only big businessmen who need to borrow money, can deposit and borrow money from Idar United Savings Bank. Only with the support of Idar United Savings Bank can they obtain more financial support and create more jobs.

Just as Bruno was writing on the table, thinking about the next development direction of the Principality of Idar, Mondale knocked on the door and walked in: "Your Excellency the Duke, Miss Isabel is here."

"Let her in."

With the establishment of Idar Public University, Isabel's status can be said to have risen.

Proficient in mathematics, she was not only appointed by Bruno as the vice president of Idar Public University, but also had the important task of teaching mathematics knowledge to students of Idar Public University.

You know, although Isabel has not been exposed to mathematics, especially advanced mathematics, for a long time, she has become one of the top mathematical elites in the Principality of Idar with her extraordinary mathematical talent.

Therefore, ever since Isabel was given a pile of math books and asked to study on her own, Isabel came to the Sky Garden less and less frequently.

And this time, of course, Isabel was called by Bruno.

Otherwise, Isabel, who has long been immersed in the world of mathematics, would generally not take the initiative to visit.

"I heard from Mr. Nicholas that you should be teaching mathematics to both the Institute of Technology and the School of Economics?" Bruno spoke first before Isabel saluted him.

"That's right, Your Excellency."

Isabel nodded. "Although the number of students in the first batch is not large, they are already rare elites in the Principality of Idar. Whether it is comprehension ability or other comprehensive abilities, they are all very good."

Maybe Isabel was just a noble lady who didn't like socializing before, but when Bruno introduced the subject of mathematics to her for the first time, Isabel fell in love with it.

Relying on her own brains to solve math problems one by one, and then passing on the math knowledge and problem-solving methods she understands to others, this seems to have become Isabel's whole life.

"The Faculty of Economics at Idar Public University will offer a new course next semester..."

Bruno paused, pointed at the books on the table, and said in a deep voice: "This matter will be handed over to you and Julian Heaton. In short... the School of Economics must cultivate a group of good seedlings. This is extremely important for the future of the Principality of Idar!"

Prior to this, Bruno had been talking to Mr. Nicholas about the cultivation of talents in basic disciplines, and explained the important role that skilled craftsmen could play.

But it is obvious that as the Principality of Idar moves forward at an increasingly faster pace, talents in the financial and fiscal fields are also indispensable.

For example, if Harlin was asked to plant tulips before, if there were no suitable people to carry out the plan, then even if the Principality of Idar had the ability to launch the Tulip War, it would not be able to carry it out.

Coupled with the establishment of Idar Savings Bank and the arrival of more and more merchants...

If the Principality of Idar does not have talent in this area, how can it supervise it?

How can we maintain price stability and promote steady economic growth?

Now, Bruno is watching over all these things, but... who is Bruno? He is the ruler of the Principality of Idar! As the business and economy of the Principality of Idar gradually expand, how can Bruno have time to watch over it 24 hours a day? ! Looking in the direction of Bruno's finger, Isabel picked up the book that Bruno had placed on the corner of the table.

Although the dense mathematical formulas in the book filled Isabel with curiosity, the names she had never seen before made her feel confused.

Things like discount rate, rediscount rate, interest rate swap agreement... these are all concepts that Isabel has never heard of.

"This is……"

“This is finance and economics, but it relies on mathematics.”

"Your and Julian Heaton's mission is simple, which is to train economic talents needed by the Principality of Idar. In a sense, this is also a deeper application of mathematics," Bruno explained.

That’s right, Bruno called Isabel for only one purpose, which was to cultivate talents.

With the end of the "Wine War", Julian Heaton had long since left the Kingdom of Basel and returned to this land in the east of the empire, where he served as the dean of the School of Economics.

Although it is completely possible to call Julian Heaton over and give orders.

but……

Bruno is surrounded by a bunch of men, and he is not gay, so he will inevitably feel bored after a while.

And calling an attractive girl to bully... uh, no, it's giving an order, is obviously much more pleasing than grabbing a man over.

"Okay then... I'll try!"

Hearing this, a bright light ignited in Isabel's eyes.

This is also related to mathematics? That's great! She can do this!

Thanks to book friends "LikeS", "Rotsen", and "The Night is Still Smoky" for their rewards!

It seems that there will be a "Time and Space Reward" on Qidian tomorrow. It seems to be an event where you pay to win real items, including gift boxes, figurines, and some small gadgets, but we don't know what they are specifically. Anyway, the book has been signed up, so there may be an entrance on the introduction page. Those who are interested in the real items can go and take a look.

(End of this chapter)