Chapter 2737 Financial Magic
"Dr. Vader, think about it, if Josephine breaks up with her new boyfriend and suddenly realizes that so many years have passed and I'm still waiting for her to come back, will she be moved by me and accept my affection again? ?”
David Kaufman was dreaming, as if moved by his own infatuation.
"Mr. Kaufman, you are so annoying..."
Qiao An couldn't bear it anymore, and was too angry to talk to him. At the same time, he couldn't help worrying secretly, was it really appropriate for the Continental Congress to send such a "resentful husband" who was troubled by love to the Far East to take charge of the crucial debt issuance work?
Facts have proved that his worries are purely unnecessary.
Let's play, let's play, don't make fun of Mr. David Kaufman's housekeeping skills!
Three days later, Joan received the invitation again, and the banquet this time will be quite grand!
His Majesty the Emperor came in person, and Ms. Katya, the president of the Central Bank of the Far East, and Antron, the vice president, were all present, giving Kaufman and Franklin enough face.
Of course, the public opinion circles in Fort Colas generally believed that His Majesty and the top executives of the central bank treated David Kaufman differently mainly because of Dr. Vader's face.
"Mr. Kaufman, at today's dinner, you must never mention that old story of broken love again!"
Before the banquet started, Joan specially reminded this fellow who shouldered a heavy responsibility to pay attention to the occasion and atmosphere when speaking.
"Haha! Don't worry, Dr. Vader, I'm not a person who doesn't know the importance. How can I ignore the business and just talk about my shameful private life!"
"It's good that you know."
After the dinner began, Joan was still a little uneasy, but fortunately, Mr. Kaufman did not disappoint him. He talked and laughed happily with His Majesty the Emperor and Madam President, and behaved very gracefully.
In this meeting, the topic of conversation was the issuance of bonds.
Nowadays, both the Continental Congress and the Continental Army are clinking poorly, eager to raise military expenses, and foreign aid is slow to arrive, so issuing war bonds has become the only means to solve the urgent need.
David Kaufman prepared the bond prospectus in advance, and presented it to His Majesty Roland and Ms. Katya at the dinner table.
Joan had read the bond prospectus in advance, and was slightly shocked.
The War of Independence has been fought for a whole year. Although the Continental Army has lost more than it won, its performance is not satisfactory, at least there is still a "Baden Victory" to support the scene.
As the provisional government of the revolutionaries, the Continental Congress was far more hip than the Continental Army. It did not accomplish much, but it was very active in escaping. It first withdrew from Midgard City to Freeport, and then ran to the prince further south. port.
For the performance of turning into Rufeng, it has been criticized both in the domestic public opinion circles and in the international community, so that it has been ridiculed as a "waste parliament" and "running away from the government".
Joan originally thought that after repeated setbacks, the representatives of the Continental Congress would inevitably feel pessimistic about the future of the War of Independence and their morale would be low. Until they saw the war bond prospectus drafted by Mr. Kaufman himself and unanimously approved by all the representatives of the Continental Congress, Only then did he realize that he had underestimated the positive and optimistic attitude of the representatives of the Continental Congress, as well as...the cheekiness of talking nonsense with their eyes open.
In this manual, Mr. Kaufman talked about the richness of the colonies in the New World. The mines in the north and the plantations in the south were rich and rich, which could provide rich fiscal revenues for the new regime represented by the Continental Congress.
Based on this premise, the Continental Congress used the taxes in the next few years as collateral, and planned to issue war bonds with a total face value of 100 million gold thalers, a period of 5 years, and an annual interest rate of 6%. Bond underwriters get a commission of up to 4%!
Yes, Mr. Kaufmann actually pretended not to know that the actual control of the two colonies of Jotunheim and Midgard had fallen into the hands of the Filipinos, and even pretended that the Continental Congress has been proud of tax resistance since ancient times, " Joan was amazed that the penniless southerners received their taxes!
What surprised him even more was that not only His Majesty Roland, but also the shrewd Ms. Katya who wore a pair of gold-rimmed glasses and had a delicate face full of shrewdness, had clearly seen that this bond prospectus was purely Making up a story, but pretending to believe it, the discussion with Mr. Kaufman was in full swing.
Qiao An listened to the conversation of these three people, eliminated some unclear financial terms, and had a vague sense of seeing the scene of a large-scale fraud, embarrassingly wishing to dig out a dungeon with his toes.
However, as he listened, his mentality also changed subtly, from the initial "That's it? Please don't lie to yourself, okay?", gradually changed to "Damn it! It's not true, right? OK?!"……
It's not that His Majesty the Emperor and Madam President don't understand, it's precisely because they understand so well that they especially appreciate Mr. Kaufman who concocted such a bond prospectus that can't stand scrutiny but looks promising. The splendor of gold was found in the heap of foam.
You can package it into a financial product and sell it by making up a story, and there are actually people paying for it with hundreds of millions of real money. This is more magical than any magic!
Even Dr. Vader, who is recognized as a genius mage by the world, can only feel sorry for this kind of financial magic of "turning stones into gold".
The guests and hosts had a good time at the dinner, and the basic framework for the Central Bank of the Far East to issue New World war bonds as an agent was finalized.
His Majesty Roland, who was full of witty words, even gave this bond a code name to reflect the spirit of revolution, called "Independent Bond".
If the Continental Congress’s own agency issues bonds, it’s a pile of waste paper to put it bluntly. It’s not even a junk bond, and it can’t be sold even if it is broken. However, the "gold content" is quite different.
After a week of haggling, David Kaufman reached an agreement on behalf of the Continental Congress with Ms. Katya, the Governor of the Central Bank of the Far East:
Led by a securities company affiliated to the Central Bank of Kolasberg, including Kolas Empire Sovereign Fund and Royal Family Fund, Far East Lighthouse Ofa Bank, Yangbo Commercial Bank, Parnia Sovereign Fund, Canaan Royal Family Sovereign Fund, Holy Ashan The Perot Foundation under the Holy See of the Empire, together with well-known international investment institutions such as the Vogel Family Bank, formed a syndicate to jointly underwrite independent bonds with a total face value of 100 million gentalers, as a credit endorsement.
Anthony Fogel, the leader in the world's credit rating industry in Vales, also scored AA for independent bonds, suggesting investors to buy them.
On February 4, 1627, the "Independent Bond" was officially sold on the Kolasberg Stock Exchange - including the virtual business hall opened by the exchange on the "Cloud Network".
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·Historical data: War bonds issued by warring parties in third countries
In 1894, the Sino-Japanese Sino-Japanese Sino-Japanese War broke out. Although Japan won a big victory, Japan's national economy was on the verge of collapse at that time.
In order to defeat the Qing government, Japan has continued to expand its military since 1886, with annual military expenditure accounting for more than 30% of the fiscal budget. After the war broke out, Japan's financial pressure further increased.
At the beginning of 1895, Japan issued 100 million yen war bonds through London, and Britain subscribed more than 70 million yen, which enabled Japan to tide over the difficulties and finally won the Sino-Japanese War.
In 1896, Japan carried out the second round of military expansion, and its annual military expenditure exceeded 40%.
This round of expansion aims to implement the naval fleet expansion plan and the national manufacturing plan for heavy industrial products. When the Russo-Japanese War broke out in 1904, the Governor of the Bank of Japan, Takahashi Shikiyoshi, went to London again to issue war bonds. The United Kingdom was still the country with the largest number of subscriptions.