"As long as I don't mess around, I won't fail in a short time. As long as I can build these lands and plantations, it will only take three years to recover enough funds."
"I think this method is feasible. We only need to provide seeds and technology, and they can use their land and manpower to help us make money." Eve's eyes lit up when she heard this.
"Yes, your idea is the first reaction of many people. Then I ask you, what if a natural disaster occurs?" For those who are greedy for bargains, pyramid schemes will always have a market.
"If there is a natural disaster or the goods cannot be sold, it will be difficult for me to provide funds to those nobles, and my scam will be exposed."
"Are you worried that you might not be able to get away with deceiving those nobles, so you changed your proposal at the last minute?"
“No, I’m not worried about the nobles, I’m worried about the common people. Those who work hard but don’t get a penny in the end, that ending is too tragic.
And I didn't want to set a bad precedent. Once this scam is learned by someone, there will be tens of thousands of people being deceived. I was afraid that the whole territory would riot, so I changed my mind temporarily and proposed to unite the Chamber of Commerce."
"If it wasn't you today but Owen or Alfred, I think they would definitely carry out the plan!" Anna said affirmatively.
"That's why I have you three. If I were really the kind of person who would do anything to achieve my goal, you would have run away long ago."
"Yes! Only those who truly understand you know your gentleness and kindness." Anna and Avril each held his arm, leaned on his shoulders and smiled foolishly.
"So what are your plans next?" Avril asked softly.
"I plan to go out for a walk. The problem with the steam engine has now become serious, and I haven't thought of any way to increase the power." I plan to go out for a walk to change my mind.
"Why do you have to fiddle with those iron tools every day? We are not short of manpower now. You also said that we want to develop into financial business. Isn't your industrialization a bit too much?"
"If you don't plan ahead, you'll have immediate worries. You won't suffer if you stock up on skills ahead of time. Magic progresses through constant trial and error."
"So how long do you plan on being out?"
"If it's fast, it'll be half a year, if it's slow, it'll be about a year! I plan to go to the Elf Forest to find my teacher and see if there's anything worth learning from them."
"So long? Then when do you plan to leave?" Ana asked nervously. After all, the one before her was just going out to play and not dueling with others.
"It's still early. It will probably take about half a year to prepare! After all, the territory is at a critical juncture now. I hope to keep an eye on it and leave once it's on the right track."
"What exactly is this financial industry you're talking about? Why are you so nervous?" Avril was a little confused.
"Actually, Avril, you are not suitable for the financial industry. Instead, Anna is suitable. Let me tell you something."
"For example, Avril, you work for the territory every month and you are paid, but you don't need money to eat or sleep, so you have to find a way to store these wages."
"I will open a bank at this time and tell you that as long as you deposit your gold coins in my bank, I will give you interest every year."
"For example, if you deposit 100 gold coins with me for one year, I will give you 1 gold coin as interest every year, so you will have 101 gold coins. If you deposit 1,000 gold coins, you will have 10 more gold coins."
"The more you deposit and the longer you deposit, the higher the interest I will give you. Do you think this method is attractive enough?"
"And Anna, your Chamber of Commerce has received an order, but you don't have enough funds to buy the raw materials. What should you do? It would be a shame to waste it, right?"
At this time, you come to my bank and ask me to borrow money. After I look at your past chamber of commerce records and think that your chamber of commerce is good, I agree to lend you money.
But borrowing money carries interest. If you borrow one thousand gold coins from a bank and repay it three months later, you will need to repay 1,005 gold coins to the bank three months later.
If you borrow for half a year, the interest on one thousand gold coins is 9 gold coins, and if it is one year, the interest is 16 gold coins.
As the period of time you borrow money increases, the interest rate will also increase, and the amount of money lent will also increase. The interest rate will not increase for up to five years, and the repayment time will also be stipulated in a certain period, such as no later than the sixth year. "
"This is actually very easy to calculate. I need to pay 10 gold coins to 10 people for their 100 gold coins in interest for one year. But if I lend 1,000 gold coins to those chambers of commerce for three months, I can get 5 gold coins. If I lend twice in a row, I can break even. If I lend three times, I will make some money. If I lend four times, I will make a lot of money."
"I made money without paying out a single gold coin." The reason I was able to make money was because I used my identity as a guarantee.
It is guaranteed that those who deposit money will be able to get back their gold coins and interest when the time comes. This is called credit guarantee, with the guarantee of Maple Leaf County or the Duke.
There are nearly 700,000 people in the entire territory now. If each person deposits one gold coin, I can have 700,000 gold coins to lend out. Don’t you think this kind of business is better than cheating people?
"How do you get those people to deposit money in your bank? Others can also learn from you to open a bank to collect money. And the most important thing is, if everyone comes to withdraw money at the same time, how can you make sure all the money is lent out?"
"That's a good question, Anna. I think you are more suitable for this industry. No one wants to deposit money. This is very simple. Just tell them that there will be interest if they deposit money! And they don't have to worry about others stealing the gold coins hidden at home."
If still no one comes to deposit money, we can just increase the interest rate. Once everyone is familiar with the habit of depositing money in the bank, we will naturally reach the harvest season.
"If someone wants to open a bank in my Maple Leaf Territory, there is no problem, but there are a few conditions. First, in order to ensure the safety of the bank's funds, he must pay a deposit.
For example, if you opened a bank, in order to prevent the situation where you don’t have the money to pay back the depositors, I would need you to provide something as collateral.”
The collateral can be land, precious jewelry, or valuable items such as chamber of commerce factories, etc. As long as it can be counted as money, it can be collateral, provided that it must be fixed in place and cannot move.
I'll give you an estimate through calculation. The collateral you gave me is worth 100,000 gold coins, so you can only accept a deposit of 100,000 gold coins.
Because if you can't pay the money back, I will have to sell your things to pay you back.
As for what you said about everyone coming to withdraw money at the same time, that is difficult to handle after all, the nature of a bank is to make money by lending out all the money.
If we really encounter such a bank run, we will need to urgently mobilize a large amount of cash to let those who withdraw money see that we can return the money to them at any time, so that they can feel at ease.
Loans are actually the simplest method, and banks can use many other tricks.
For example, there are many projects such as the insurance industry, investment industry, payment settlement industry, etc. Let’s take the simplest one, the insurance industry.
For example, in the past few years, everyone suffered serious losses from natural disasters. If you buy a one-year land insurance policy now, if you encounter a natural disaster again and there is no harvest from the land, you can get insurance compensation from the bank.
This is an option that allows you to spend a little money to give yourself peace of mind. To put it more clearly, if you are afraid of being hit by a car, then you can buy yourself a life insurance policy. In case you are really hit by a car, the insurance company will compensate you.
"What if she hadn't been hit!!!" Avril hadn't yet realized the meaning of this.
"Of course the money you gave to the Insurance Association is gone. If you're still worried you can buy another one next year."
There are many things to do with these things. If you are worried about the factory catching fire, you can buy insurance. If there is really a fire, as long as the people from the Chamber of Commerce can find out that it was an accidental fire, they will compensate you.
"And if you burned it yourself and wanted to defraud the Chamber of Commerce of money, then you're in trouble. The laws of the territory will tell him that fraud is a very serious crime."
The investment industry is also very simple. You are all familiar with the territory and how to do business. You use the money you collect to buy goods, and then sell them. You can make more money from this round trip.
"I tell you, this is the main source of income for the territory in the future. As long as we can make these things work, we won't have to keep our eyes on the land anymore, because our prospects will be broader."
"Lin, what on earth is your brain made of? Why can you come up with so many weird ideas, and each one is more useful than the other." Anna looked at Lin Xingchen with great admiration, not understanding what kind of good ideas her husband could come up with.
"These things are things that will naturally evolve with development. It's not surprising that someone would think of them in a few days if I didn't think of them today." The couple and their two friends talked and laughed about interesting things along the way.
"Do you have a lot of ideas when you fiddle with those iron things?" Eve also looked longing and wanted to inquire about Lin Xingchen's plan.
"If we have those iron things, we will be even more prosperous. Then we won't need horse-drawn carriages anymore. We can just use those iron carriages that emit white smoke to pull hundreds of thousands of pounds of goods. It will only take half the time or even less to travel from our Maple Leaf Territory to the capital."
"Can it really be done?" Anna found it unbelievable.
"Whether I can do it or not is my business. What you need to do now is to build our territory well. Once I make it, I will let you know whether it is true or false."
"Excuse me, Your Excellency Xingchen, can I talk to you alone?" Princess Lydia asked softly behind the group.