The idea of the Black Dragon Emperor is not difficult to understand. The airadians are not stupid. There are not no similar scams and patterns in history, but if ordinary people play this set, they will basically reveal their secrets and go bankrupt in the end. However, for the black wing Empire, as long as it is operated properly, there is basically no such possibility in a short time.


    Profit and trust are the key. Profit makes the borrower willing to give gold coins to Wangting. For the trust of the Empire, the borrower never has to worry about not taking them back when he wants to get them back. After Beidi people are used to Wangting bank, unless they really need money, no one will withdraw money just out of fear.


    In fact, Caesar thought of this plan long ago, but due to the opportunity, he has not used this model. However, with the increasingly stable rule of black wing, the northerners'' sense of belonging to the empire is increasing day by day, and a similar financial model is coming to the stage.


    Caesar didn''t come from an economic background in his previous life. To be more accurate, he should have been ignorant of this. However, due to the information collected from the information explosion world, the black dragon did know something that the aladian people couldn''t see and understand, and these things can be of great use.


    Banks must start construction, because it is only the first step. When this model is gradually accepted and the imperial strength is improved again, Wangting is bound to issue money to replace precious metals for trading and flow.


    Well, it''s a little far... Borrowing from the people doesn''t sound good, so Caesar thought of a new name for this model: Black Wing bond.


    "The new name is just the beginning. If you want it to take effect, you must at least establish a formal and perfect system to make it not only look like that, but also run."


    Ryan did not leave, but recruited more assistants to listen to the teachings of the Black Dragon Emperor: "there are many rules and regulations to restrict everyone, including us."


    Caesar was seated on the throne. The black shirt next to him was lowering his head and concentrating on writing records to ensure that there was no omission of any words of the Black Dragon Emperor for later reading and thinking.


    "Now I''ll tell you some necessary details. Note that this is not all. After you leave, you should think and supplement by yourself, and report back to the king''s court in a week to finalize the final detailed regulations."


    Caesar said: "A mature economic system must consider many things, stability, order and development... But now the Empire has just started, so you only need to consider stability and order for the time being. The so-called stability refers to the stability of funds. At this stage, the only economic source of Imperial Bank is black wing bonds, so we must ensure that people do not ask for repayment at will."


    "As you mentioned before, profits," Raine replied.


    "If you want to ensure financial stability, you can''t just rely on profits."


    Caesar said, "it''s true that people can get income from buying bonds, but they doubt what is too easy to get. Just now we have changed the name of this kind of loan. Now you have to tell the people that black wing bonds are recognized and protected by the law of the royal court, and the imperial bank refuses to redeem gold coins before the agreed time."


    "But in this way, people may not be willing to lend to... Oh, buy Black Wing bonds," Ryan warned.


    "Don''t be so strict, Ryan." black dragon shook his head. "If the people who have purchased repeatedly ask for the replacement of gold coins, the bank can let him redeem them in advance, but the punishment is essential. The bank can deduct them through clever ways such as handling fees and liquidated damages, but remember that this deduction can''t involve the principal."


    "Another example... Imperial bank refused to sell bonds to this man?" interposed a young aide of Ryan.


    "Good brain."


    The Black Dragon nodded approvingly at the young black shirt: "in a more formal way, this is called canceling the person''s qualification to buy Black Wing bonds again."


    "After laying down the restrictions, the next step is to improve the stickiness of black wing bonds. At that time, Imperial Bank must tell the public that the profit from buying bonds increases year by year. For example, the profit from redemption in the first year after purchase is 1%, the profit in the second year will rise to 2%, the profit in the third year will rise to 3%, and so on until the profit rises to Five percent. "


    "The reason for this is actually to make bond buyers have an impression that the longer they buy bonds, the higher the return. For example, if you have 100 gold and bury it at home for a year, it is still 100, but one year after buying Black Wing bonds, it becomes 101 gold. What do you think the people will choose?"


    "No selection required."


    His Majesty''s approval gave the young black shirt confidence, and his voice became louder: "not only that, as long as the authority of the empire is guaranteed, people will gradually form the habit of using money to buy Black Wing bonds rather than bury them over time, and they will not redeem it as much as possible unless they need money urgently."


    "That''s right."


    Caesar gave a deep laugh: "Now let me give you a question to think about: if you are a businessman and buy 10000 gold coins of imperial bonds for 11 months, you have not reached the agreed redemption time limit of the bonds, but now you are in urgent need of gold coins because of capital problems. If you redeem the bonds immediately, you can only get 10000 gold coins, but if you wait another month, you can get 100 more gold coins , what are you going to do? "


    "Of course, keep waiting. I can only earn a reward for one year''s service for the Empire. How can I wait?"


    "Fool, didn''t you hear your majesty? There''s no time to wait. The merchant is in urgent need of gold coins."


    "Then you have no choice but to redeem."


    ……


    The black shirts talked one after another.


    "Your Majesty."


    After waiting for a while, the youngest black shirt suddenly stood up and said, "the best way I can think of is to sell this bond to other merchants at the price of 1090. In this way, I can not only get my gold coins and profits, but also earn ten gold coins after one month."


    "What''s your name?" the black dragon lowered his head slightly and looked at the tiny human with vertical eyes.


    The young black shirt quickly knelt down and said tremblingly, "Dampier, my name is Dampier Shylock, the great emperor."


    "You''re very good. I''ve written down your name." Caesar nodded with satisfaction, while annoyed voices such as "Damn, I didn''t think of it" came from other black shirts.


    Dan beer''s choice is the best choice, but he may not understand it. In this operation process, the black wing bond itself has replaced the value of 10000 gold coins, that is to say, it has the function of money in a sense.


    When people get used to it, the Imperial Bank will start issuing paper money, and the black wing court will become the first country in Aladia to use paper money.