453: Chapter 65: The Advancing Moxi People _1 453: Chapter 65: The Advancing Moxi People _1 The limits of humans are pushed in desperate times.
The people of Moxi Duchy, having decided to rescue their nation by borrowing, soon unveiled a remarkable potential.
Major nobles within the nation, including the Royal Family, joined hands to promote bonds for the Duchy.
The first batch of targets for persuasion were, naturally, their overseas relatives and friends.
It was a dirty job to put their own people on the spot, but they had no other choice.
The circle of major nobles wasn’t that wide after all.
Merely forming matrimonial alliances with a few domestic clans was not enough.
International alliances inevitably became a necessity.
With set targets within their own people, naturally, the objects of sale also had to be from within.
We’ll talk about the potential consequences later; the immediate focus was on saving the family fortunes!
No matter what, the promised high interests were real silver payment, not just profit-making on their part.
Right now, Moxi Duchy had no intentions of defaulting, they had even prepared a repayment plan.
Once the war was over, the Duchy would levy a “loan repayment tax” financed by the entire nation.
While specific details were yet to be fleshed out, their devotion was unmistakable.
As long as Moxi Duchy survived post-war, these bonds would be redeemed.
If, by any chance, an unexpected event occurred, and the Duchy was wiped out, that’s a different story.
High risk yields high returns.
You must be willing to take the risk of losing all you’ve invested in order to garner exceptional profits.
On some level, Hudson had also contributed to this unique financing effort by the Moxi people.
The recently concluded “The Grand Victory of the Bertley Bear Royal Court” greatly boosted market confidence.
Combined with the powerful backing of the Human Alliance, people had high hopes for the Moxi Duchy.
As for what the various international powers would do, Hudson had no clue.
Regardless, quite a few nobles within the Expeditionary Army had already fallen into this borrowing pit.
Seeing Viscount Rakel pitching the bonds to him, Hudson’s face darkened completely.
He had provided the idea, yet he was being targeted for persuasion.
But on the flip side, this proved that the Moxi people were trustworthy this time.
They had highly guarded the secret strategy for the debt rescue plan.
“Viscount Rakel, as you know, I have been free of encumbrances since taking office.
Although I have received much spoils of war, my daily expenses are very high, and I have little savings left.
But I am willing to contribute to your nation’s fund-raising effort.
I will subscribe to the bonds issued by your nation with Ten Thousand Gold Coins,”
said Hudson, expressionless.
Deep down, he resolved to recoup all the money he spent now, a hundredfold.
He wouldn’t even want to spend these Ten Thousand Gold Coins if it wasn’t for political necessity.
As for his subordinates being deceived, Hudson chose to look the other way.
No choice.
Wealthy aristocratic military officers on the battlefield would inevitably lose some fighting spirit.
This was a common problem among leaders.
While they want to stimulate their subordinates into risking their lives with money, they worry that too much money would make them lose their sense of ambition.
In the Continent of Aslante, there was even more to worry about.
If subordinates became too wealthy, they might transform it into military power after returning home.
For a leader, this was no good news.
Especially for Hudson, who wanted to recover the manpower, it was a disaster.
Why bother to work for him if they have everything and live a comfortable life?
Hudson was pleased when the Moxi people managed to trick his subordinates into giving up their money.
It meant getting rid of two problems at the same time.
He didn’t have to worry about his subordinates getting too big after the war and losing control; nor did he have to worry about them slacking off at work.
Investing heavily in the bonds of Moxi people meant tying his fate to that of Moxi Duchy.
In the upcoming battles, Hudson didn’t have to worry about morale or spirits of the troops.
People are tempted by interests.
Not knowing about the potential pitfall, Hudson would be drawn into it too.
An annual interest rate of thirty percent, backed by governmental faith, had far exceeded the normal loans between the nobles.
It was all due to social circumstances.
Most of the populace under the Noble Lord’s rule were serfs and free men were extremely rare.
This, fundamentally, curbed the booming development of usury.
The benefits were not enough for a noble to give up his honor and engage in shady activities.
Even if he wanted money from free men, he would rather sell the right of lending to merchants than to involve himself directly.
In the noble world, borrowing rarely defaulted.
It was essentially a risk-free transaction, and due to emotional considerations, the lending interest would not be too high.
The Moxi people had designed a clear repayment plan this time, demonstrating their sincerity.
It was no wonder that the non-defaulted nobles were deceived.
After all, they only knew of the sincere repayment plans of Moxi Duchy, but not how much money they had actually borrowed.
Maybe the Moxi people now still had some restraint and did not print bonds blindly, but Hudson was certain that once a precedent was set, they would lose all control.
War is a gold-eating beast, and nobody knows how much more money will be needed.
When the pocket is empty, everyone tries their best to save by cutting costs.
If the national treasury had money, then many unnecessary expenses could no longer be curbed.
Not to mention anything else, just on the purchase of weapons and equipment, the expenditure would increase by several times, or even more than ten times.