Chapter 1762: 1762
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Tax increase can only solve half of the military expenditure at most. This is only the beginning. With the subsequent huge war, what is needed is astronomical.
Therefore, we must raise more funds. It's not enough to issue more money. There's only one way to do the rest.
"It seems that we need to issue war bonds." Roosevelt smoked a cigarette, looked at the branches floating in the wind outside and said, "our people love our country. They will vigorously buy our war bonds."
War bonds are also a kind of national debt. As the name suggests, the state borrows money from the people. In the classification of U.S. national debt, war bonds are classified as E. e national debt.
In fact, just before the Pearl Harbor incident, because the amount of aid to Britain and the Soviet Union was large and exceeded the normal payment capacity of fiscal expenditure, the United States began to issue defense bonds for the purpose of assisting the Soviet Union and Britain.
At that time, it was just called national defense bonds. Now, the issuance of new bonds has become a formal war bond. The war has begun.
After hearing Roosevelt's words, Treasury Secretary Morgenthau nodded: "Mr. President, issuing war bonds should be a good way. You are right. Our people are patriotic. Now the whole country is about to face an emergency of life and death, they will vigorously buy our war bonds."
If the currency is over issued, it will bring terrible inflation risk, but issuing war bonds is different, which is also a way to stimulate the people's patriotic enthusiasm.
Morgenthau agreed, Marshall did not speak, and all the people present supported it.
So far, the only way to raise more money is to issue war bonds.
Now that it had been decided, we began to discuss how to issue it. This was not difficult for Roosevelt. Soon, Roosevelt said the specific measures.
"Our war bonds, like the previous national defense bonds, can be divided into bookkeeping and paper. In order to ensure proper circulation, Anonymous Paper bonds are used as the main way. They are printed according to our US dollar anti-counterfeiting standard. The denominations of bonds are 25, 50, 100, 200 and so on. "
Almost applying the original defense bonds, Roosevelt took the last cigarette into his lungs and exhaled slowly. With the stimulation of nicotine, Roosevelt felt his thinking more clear: "at the same time, our bonds have interest. For example, for bonds of $25, the individual purchase price is only $18.75. When they expire in 10 years, our U.S. government will exchange the full amount of $25. In this way, the annual interest is 3.33 percent. "
This interest rate is not high. If inflation is considered, it will just break even. Moreover, in ten years, let the president of the United States worry about it. He will certainly not be in power until then.
Now borrow the money first.
Roosevelt's suggestion was reasonable, and Morgenthau said, "OK, we'll prepare it right away, so how much are we going to issue?"
Roosevelt threw away his cigarette fart and said, "issue $10 billion first."
Ten billion dollars! This is definitely an astronomical figure. You know, the gross national product of the whole United States is only more than $100 billion, less than $200 billion. Now, Roosevelt is equivalent to collecting more than one tenth of the gross national product.
"If the sales are good, it can be oversold, with a ceiling of 20 billion. This is the first phase." Roosevelt said.
The gap in military spending is huge. With the progress of the war, more will be needed in the future. The current 10 billion war bonds are only the beginning.
The problem of money cannot defeat Roosevelt. Roosevelt won public support by successfully solving American economic problems. Although it is a state of war, Roosevelt also believes that he can solve it.
War bonds were Roosevelt's excellent plan.
However, Roosevelt did not know that on the other side of the ocean, his opponent had begun to arrange in advance.
Disturbing the U.S. financial order and even collapsing the U.S. financial system is an aspect of the war against the United States. It would be too superficial to think that the war is only military.
In Europe, with the German occupation of countries and the implementation of the euro, Germany has made a lot of profits, obtained wealth through foreign military wars, and then transformed these wealth into the popularity of domestic military industry. In this way, it can promote the rapid increase of GDP in the whole Europe.
That's how Chirac's war economy came about. At the end of the war, once Germany rules the world, it will be easier to develop the economy. As an industrial center, Europe can maintain the modern life of Europe by dumping industrial products to the world, not to mention controlling the oil producing countries in the middle East.
Now, Gu Hefeng, sitting opposite xierik, can't keep up with xierik.
When Gu Hefeng was still immersed in the idea that the balloon carried us dollars and his side did it in vain, Chirac had taken him to a new field to forge war bonds.
This thing is issued by the US government! What's the use of forging such a thing? Still like what I just said, air drop with balloons?
"Of course, it is the same way, mainly by air drop." Looking at this confused guy, hilrick could only continue to explain to him: "the war bonds issued by the United States have many similarities with the US dollar. They are issued in secret and according to the denomination, so it has the ability to circulate."
Bonds are negotiable, anonymous and have denominations. In the history of later generations, only a few people burned in public after buying war bonds purely to support the country. It can even be said to be a show.
Most people, when they buy, carefully leave them at home, waiting to get funds from the government after the war.
If someone is in urgent need of funds, he will sell the bond. Therefore, it can also be circulated.
So, what happens if a lot of war bonds suddenly appear? What if someone suddenly finds out that the bonds are fake? In fact, it's better to deliberately expose some tricks than making fake dollars and war bonds. In this way, people will know that bad, bonds are fake, don't buy them!
The U.S. government will also be very anxious to reprint the war bonds and tell the people that the bonds are safe and there is no problem. When the new bonds are printed and sold, it is found that there are high imitation bonds on the market.
In this way, the issuance of American war bonds can be greatly delayed. Americans have to modify, print, list and identify the true and false again and again. Americans cannot quickly raise funds through war bonds, and their government will go bankrupt.
At the thought of this, sirik's face smiled.
Please report us if you find any errors so we can fix it asap!
Tax increase can only solve half of the military expenditure at most. This is only the beginning. With the subsequent huge war, what is needed is astronomical.
Therefore, we must raise more funds. It's not enough to issue more money. There's only one way to do the rest.
"It seems that we need to issue war bonds." Roosevelt smoked a cigarette, looked at the branches floating in the wind outside and said, "our people love our country. They will vigorously buy our war bonds."
War bonds are also a kind of national debt. As the name suggests, the state borrows money from the people. In the classification of U.S. national debt, war bonds are classified as E. e national debt.
In fact, just before the Pearl Harbor incident, because the amount of aid to Britain and the Soviet Union was large and exceeded the normal payment capacity of fiscal expenditure, the United States began to issue defense bonds for the purpose of assisting the Soviet Union and Britain.
At that time, it was just called national defense bonds. Now, the issuance of new bonds has become a formal war bond. The war has begun.
After hearing Roosevelt's words, Treasury Secretary Morgenthau nodded: "Mr. President, issuing war bonds should be a good way. You are right. Our people are patriotic. Now the whole country is about to face an emergency of life and death, they will vigorously buy our war bonds."
If the currency is over issued, it will bring terrible inflation risk, but issuing war bonds is different, which is also a way to stimulate the people's patriotic enthusiasm.
Morgenthau agreed, Marshall did not speak, and all the people present supported it.
So far, the only way to raise more money is to issue war bonds.
Now that it had been decided, we began to discuss how to issue it. This was not difficult for Roosevelt. Soon, Roosevelt said the specific measures.
"Our war bonds, like the previous national defense bonds, can be divided into bookkeeping and paper. In order to ensure proper circulation, Anonymous Paper bonds are used as the main way. They are printed according to our US dollar anti-counterfeiting standard. The denominations of bonds are 25, 50, 100, 200 and so on. "
Almost applying the original defense bonds, Roosevelt took the last cigarette into his lungs and exhaled slowly. With the stimulation of nicotine, Roosevelt felt his thinking more clear: "at the same time, our bonds have interest. For example, for bonds of $25, the individual purchase price is only $18.75. When they expire in 10 years, our U.S. government will exchange the full amount of $25. In this way, the annual interest is 3.33 percent. "
This interest rate is not high. If inflation is considered, it will just break even. Moreover, in ten years, let the president of the United States worry about it. He will certainly not be in power until then.
Now borrow the money first.
Roosevelt's suggestion was reasonable, and Morgenthau said, "OK, we'll prepare it right away, so how much are we going to issue?"
Roosevelt threw away his cigarette fart and said, "issue $10 billion first."
Ten billion dollars! This is definitely an astronomical figure. You know, the gross national product of the whole United States is only more than $100 billion, less than $200 billion. Now, Roosevelt is equivalent to collecting more than one tenth of the gross national product.
"If the sales are good, it can be oversold, with a ceiling of 20 billion. This is the first phase." Roosevelt said.
The gap in military spending is huge. With the progress of the war, more will be needed in the future. The current 10 billion war bonds are only the beginning.
The problem of money cannot defeat Roosevelt. Roosevelt won public support by successfully solving American economic problems. Although it is a state of war, Roosevelt also believes that he can solve it.
War bonds were Roosevelt's excellent plan.
However, Roosevelt did not know that on the other side of the ocean, his opponent had begun to arrange in advance.
Disturbing the U.S. financial order and even collapsing the U.S. financial system is an aspect of the war against the United States. It would be too superficial to think that the war is only military.
In Europe, with the German occupation of countries and the implementation of the euro, Germany has made a lot of profits, obtained wealth through foreign military wars, and then transformed these wealth into the popularity of domestic military industry. In this way, it can promote the rapid increase of GDP in the whole Europe.
That's how Chirac's war economy came about. At the end of the war, once Germany rules the world, it will be easier to develop the economy. As an industrial center, Europe can maintain the modern life of Europe by dumping industrial products to the world, not to mention controlling the oil producing countries in the middle East.
Now, Gu Hefeng, sitting opposite xierik, can't keep up with xierik.
When Gu Hefeng was still immersed in the idea that the balloon carried us dollars and his side did it in vain, Chirac had taken him to a new field to forge war bonds.
This thing is issued by the US government! What's the use of forging such a thing? Still like what I just said, air drop with balloons?
"Of course, it is the same way, mainly by air drop." Looking at this confused guy, hilrick could only continue to explain to him: "the war bonds issued by the United States have many similarities with the US dollar. They are issued in secret and according to the denomination, so it has the ability to circulate."
Bonds are negotiable, anonymous and have denominations. In the history of later generations, only a few people burned in public after buying war bonds purely to support the country. It can even be said to be a show.
Most people, when they buy, carefully leave them at home, waiting to get funds from the government after the war.
If someone is in urgent need of funds, he will sell the bond. Therefore, it can also be circulated.
So, what happens if a lot of war bonds suddenly appear? What if someone suddenly finds out that the bonds are fake? In fact, it's better to deliberately expose some tricks than making fake dollars and war bonds. In this way, people will know that bad, bonds are fake, don't buy them!
The U.S. government will also be very anxious to reprint the war bonds and tell the people that the bonds are safe and there is no problem. When the new bonds are printed and sold, it is found that there are high imitation bonds on the market.
In this way, the issuance of American war bonds can be greatly delayed. Americans have to modify, print, list and identify the true and false again and again. Americans cannot quickly raise funds through war bonds, and their government will go bankrupt.
At the thought of this, sirik's face smiled.
Tax increase can only solve half of the military expenditure at most. This is only the beginning. With the subsequent huge war, what is needed is astronomical.Therefore, we must raise more funds. It's not enough to issue more money. There's only one way to do the rest."It seems that we need to issue war bonds." Roosevelt smoked a cigarette, looked at the branches floating in the wind outside and said, "our people love our country. They will vigorously buy our war bonds."War bonds are also a kind of national debt. As the name suggests, the state borrows money from the people. In the classification of U.S. national debt, war bonds are classified as E. e national debt.In fact, just before the Pearl Harbor incident, because the amount of aid to Britain and the Soviet Union was large and exceeded the normal payment capacity of fiscal expenditure, the United States began to issue defense bonds for the purpose of assisting the Soviet Union and Britain.At that time, it was just called national defense bonds. Now, the issuance of new bonds has become a formal war bond. The war has begun.After hearing Roosevelt's words, Treasury Secretary Morgenthau nodded: "Mr. President, issuing war bonds should be a good way. You are right. Our people are patriotic. Now the whole country is about to face an emergency of life and death, they will vigorously buy our war bonds."If the currency is over issued, it will bring terrible inflation risk, but issuing war bonds is different, which is also a way to stimulate the people's patriotic enthusiasm.Morgenthau agreed, Marshall did not speak, and all the people present supported it.So far, the only way to raise more money is to issue war bonds.Now that it had been decided, we began to discuss how to issue it. This was not difficult for Roosevelt. Soon, Roosevelt said the specific measures."Our war bonds, like the previous national defense bonds, can be divided into bookkeeping and paper. In order to ensure proper circulation, Anonymous Paper bonds are used as the main way. They are printed according to our US dollar anti-counterfeiting standard. The denominations of bonds are 25, 50, 100, 200 and so on. "Almost applying the original defense bonds, Roosevelt took the last cigarette into his lungs and exhaled slowly. With the stimulation of nicotine, Roosevelt felt his thinking more clear: "at the same time, our bonds have interest. For example, for bonds of $25, the individual purchase price is only $18.75. When they expire in 10 years, our U.S. government will exchange the full amount of $25. In this way, the annual interest is 3.33 percent. "This interest rate is not high. If inflation is considered, it will just break even. Moreover, in ten years, let the president of the United States worry about it. He will certainly not be in power until then.Now borrow the money first.Roosevelt's suggestion was reasonable, and Morgenthau said, "OK, we'll prepare it right away, so how much are we going to issue?"Roosevelt threw away his cigarette fart and said, "issue $10 billion first."Ten billion dollars! This is definitely an astronomical figure. You know, the gross national product of the whole United States is only more than $100 billion, less than $200 billion. Now, Roosevelt is equivalent to collecting more than one tenth of the gross national product."If the sales are good, it can be oversold, with a ceiling of 20 billion. This is the first phase." Roosevelt said.The gap in military spending is huge. With the progress of the war, more will be needed in the future. The current 10 billion war bonds are only the beginning.The problem of money cannot defeat Roosevelt. Roosevelt won public support by successfully solving American economic problems. Although it is a state of war, Roosevelt also believes that he can solve it.War bonds were Roosevelt's excellent plan.However, Roosevelt did not know that on the other side of the ocean, his opponent had begun to arrange in advance.Disturbing the U.S. financial order and even collapsing the U.S. financial system is an aspect of the war against the United States. It would be too superficial to think that the war is only military.In Europe, with the German occupation of countries and the implementation of the euro, Germany has made a lot of profits, obtained wealth through foreign military wars, and then transformed these wealth into the popularity of domestic military industry. In this way, it can promote the rapid increase of GDP in the whole Europe.That's how Chirac's war economy came about. At the end of the war, once Germany rules the world, it will be easier to develop the economy. As an industrial center, Europe can maintain the modern life of Europe by dumping industrial products to the world, not to mention controlling the oil producing countries in the middle East.Now, Gu Hefeng, sitting opposite xierik, can't keep up with xierik.When Gu Hefeng was still immersed in the idea that the balloon carried us dollars and his side did it in vain, Chirac had taken him to a new field to forge war bonds.This thing is issued by the US government! What's the use of forging such a thing? Still like what I just said, air drop with balloons?"Of course, it is the same way, mainly by air drop." Looking at this confused guy, hilrick could only continue to explain to him: "the war bonds issued by the United States have many similarities with the US dollar. They are issued in secret and according to the denomination, so it has the ability to circulate."Bonds are negotiable, anonymous and have denominations. In the history of later generations, only a few people burned in public after buying war bonds purely to support the country. It can even be said to be a show.Most people, when they buy, carefully leave them at home, waiting to get funds from the government after the war.If someone is in urgent need of funds, he will sell the bond. Therefore, it can also be circulated.So, what happens if a lot of war bonds suddenly appear? What if someone suddenly finds out that the bonds are fake? In fact, it's better to deliberately expose some tricks than making fake dollars and war bonds. In this way, people will know that bad, bonds are fake, don't buy them!The U.S. government will also be very anxious to reprint the war bonds and tell the people that the bonds are safe and there is no problem. When the new bonds are printed and sold, it is found that there are high imitation bonds on the market.In this way, the issuance of American war bonds can be greatly delayed. Americans have to modify, print, list and identify the true and false again and again. Americans cannot quickly raise funds through war bonds, and their government will go bankrupt.At the thought of this, sirik's face smiled.
