"Then, Mr. Narrator, please tell me first what the revolving door is?"

Lorraine looked at the bank's plans page by page, but his mind kept reverberating with the beautiful print-like squiggles on the first line of the homepage.

Revolving door...

Although it is very likely that this name is Hamilton's whim, using the gate of the bank to refer to the National Bank plan, but Lorraine cares, even he doesn't know the reason.

Hamilton laughed contentedly.

"If someone asks me, I will tell him, because the gate of the First Bank is a three-meter-high glass revolving door."

"But you are Lorraine Drake and Edward Kenway, so I can't use the first meaning to perfuse you."

"So you prepared two layers of perfunctory?"

"Who knows? Maybe I'm telling the whole truth, maybe I have prepared three or four levels of perfunctory, anyway, it doesn't take much effort, is it?"

"It makes sense." Lorraine put down the page and sat upright. "I listen carefully."

"Do you know the current financial situation of the United States?" Hamilton asked suddenly.

"Fiscal status..." Lorraine pondered for a moment, "Indebted?"

"That's only one aspect." Hamilton cocked his legs. "How can I put it? Because of the sensitivity of wealth, after the victory of the war, the states have refused to surrender their financial rights, and the interim treasury department is only responsible for a very small part of the government's operating funds."

"This kind of running money looks a bit like the national tax paid by the states, but it's actually just a high membership fee. Like the cost of your association members to the headquarters in Havana every year, we can only determine the expenditure of this money. Where to go, you can’t point fingers at the source of income."

"Because of this, the debts left over from the war are also in the hands of the state finances." Hamilton pursed his lips with disdain, "Do you know how much debt we owed in that war?"

Lorraine took a sip: "4 million? Or 6 million?"

"4 million is our population, the total number of bonds issued by the 13 states of the United States... more than 10 million, British pounds."

"That's too..."

Lorraine was shocked by this number.

Taxation is the country’s main income model, but it is difficult for the mainland to implement high colonial tax rates.

Simply based on 40% of the employed population, the average annual income per capita is 20 pounds, and the tax rate is 25%, the tax revenue of the 13 states in the United States is only 8 million pounds a year, and excluding state expenditures, the amount that can be used to pay off debts will not exceed 500,000.

This data is not rigorous, but the magic is that after removing various advantages and disadvantages, there is often not much difference with the actual results, and the calculated results are quite worthy of reference.

In other words, the current debt Americans will have to pay for 20 years...

Hamilton looked at Lorraine playfully: "You figured it out?"

"Increase taxes? Reduce expenses?" Lorraine asked.

Hamilton shrugged: "With Congress behind the scenes, they can't do anything."

He clapped his hands excitedly.

"Financial rights are temporarily not in the hands of the national government, but they will eventually return to the national government. We have delineated several time points. The fastest is the first debt peak in 1787, and the slowest is the second debt peak in 1790."

"But no matter when they succumb or when we establish a real American finance department, there is bound to be a condition attached to it, that is, to properly resolve the debt crisis in the shortest possible time and maintain the credibility of the United States."

"The essence of the revolving door plan is the American debt restructuring plan."

Hamilton put his finger on the table and swiped it lightly.

"I proposed this plan to establish a privatized central bank, the First Bank of the United States, based on the British model."

"The first and foremost task of Bank One is to issue the national currency of the United States. The U.S. dollar. The currency value format has not yet been determined, but we will definitely issue it."

"We will collect old coins and issue new coins through branches established in various states, and issue new treasury bonds limited to the purchase of new coins, so as to recover the new coins and use them to repurchase old debts."

"Issued new currency, repurchased old currency, issued new debt, recovered new currency, repurchased old debt, made room for credit, and continued to issue new currency."

He circled the table.

"Just like this one link affects one link, the continuous flow of gold and national credit, and the replacement of the old with the new to remove the country from the debt crisis, and no longer rely solely on fiscal revenue. This is the revolving door plan."

Buzzing.

Hamilton finished his plan excitedly, and waited reservedly for Lorraine's shocking feedback.

Unexpectedly, Lorraine lowered his head to read the book again, as if he hadn't heard it. The only difference was that he turned the pages much faster.

"Uh..." After waiting for a long time, Hamilton finally couldn't stand it. "You don't have any thoughts about such a great plan?"

"Yes." Lorraine didn't raise his head, "violent things."

"what?"

Lorraine looked at the entire plan quickly and closed the document with a snap.

"The First Bank Preparatory Committee, when do you plan to form it?"

"The Preparatory Committee..." Hamilton had an embarrassed expression on his face. "Although the revolving door plan has been affirmed by most members of Congress and Mr. President, and Mr. Adams has strong support, it is not righteous. Before getting authorization from Congress..."

"At the latest next year, a preparatory committee will be established to act on behalf of the minting committee and begin to demonstrate the new currency issuance model and other details."

Hamilton slapped him on the table: "Are you crazy? The Mint Committee is beyond the scope of the Provisional Finance Department!"

"The new currency is the core of your revolving door plan, and Bank One is just the carrier."

Lorraine pressed the plan with great momentum.

"In my opinion, as long as there is a new currency and an organization that executes the circulation, your plan can be smoothly rotated."

"This is of course a good thing for the United States, but Bank One is a private bank. How can the interests of shareholders or my interests be guaranteed?"

"Savings, borrowing, state borrowing and tax deposits, aren't these national bank businesses not enough to fill your greed?"

"Not enough!" Lorraine sonorously said, "The first bank has a total share capital of 10 million pounds. The American consortium...heh, can it support 50%?"

"……can not."

"So how long can a national bank dominated by a foreign consortium exist? After losing its national business in the United States, even if the bank continues to exist, how can you cash in on the profits you have said?"

"Risk is not proportional to output. This is the biggest problem with the revolving door plan."

"Fortunately you found me first. I happened to have done research on bonds." Lorraine smiled like a fox. "Last year, the Drake Chamber of Commerce issued development bonds in London with 10% shares as collateral. The equity value is 300,000, the final fund raised 1.14 million pounds, a premium of 280%."

"This proves that bonds can increase in value. As long as the bond issuer always shows the expected development vitality, people's expectations of the bond will far exceed its original value. This is the greatest benefit that the Arc de Triomphe plan can bring to shareholders."

Lorraine sat down and took a sip to calm his excitement.

"Back to your plan. New coins need time to circulate, time to accumulate credibility, and it all takes time."

"So Bank One must be established, and the new currency must be issued before Bank One is established. But this hurts the interests of the bank's shareholders and deprives them of the benefits of the coinage rights they deserve."

"How to weigh? It is natural to unify the bank's preparatory committee and the minting committee, so that the original shareholders will preside over the minting business of the new currency from the beginning, and then smoothly merge it into the banking business."

"So when the bank was established, the new currency had already passed through for a while. The bank could immediately start the currency and debt circulation of the Triumphal Arch project, issue a large amount of new debt, and replace a large amount of old debt."

"The bank itself will become the largest creditor of the United States, because the state business is in the hands of the bank, and most of the new government debt will flow to the bank."

"Next is the business behavior of shareholders. To speculate on bonds and increase the value of bonds. Banks release Treasury bonds at the right time to cash out the core profits of banks at a premium. The United States does not need to sacrifice for shareholders. On the contrary, as long as the bond market is strong enough, the United States can still From this, we will harvest a lot of national credit, and then mint more coins, putting everything into a virtuous circle."

"The foundation of all this is before the bank's minting committee!" Lorraine looked at Hamilton, "Since you can't provide us with long-term benefits~lightnovelpub.net~, create conditions for us to be self-sufficient. This is You are an inescapable obligation of the future U.S. Treasury Department."

Hamilton frowned and fell silent.

"How much can you invest?"

"In 1787, it was 500,000 pounds, and in 1790, it was 1 million pounds. In addition, I can persuade the Baishang Associated Press to eat at least 3 million pounds."

"Guaranteed?"

"At the latest tomorrow night, the Drake Chamber of Commerce can sign a memorandum of intent with the interim finance department. If you need a memorandum of association, give me one month."

"One month later, the two memorandums were signed at the same time. I will use them to convince the President and Congress to provide me with a secret authorization."

"Can."

Lorraine reached out to Hamilton, and Hamilton held it tightly with a snap.

"make a deal."

Scavenger in the dark reminds you: after watching it, please collect it (), and then it is more convenient to watch.