With tax increases, at most half of the military expenditure can only be solved, and this is just the beginning. As the subsequent huge war goes on, astronomical figures are needed.

Therefore, more funds must be raised. If you exceed the currency, you can't do it. Then there is only one way left.

"It seems that we need to issue war bonds." Roosevelt said, smoking a cigarette and looking at the wind-floating branches outside: "Our people love our country, and they will definitely buy our war bonds vigorously."

War bonds are also a kind of treasury bonds. As the name suggests, they mean that the state borrows money from the people. In the classification of treasury bonds in the United States, they are similar to treasury bonds.

In fact, just before the Pearl Harbor incident, the Soviet Union had a large amount of aid to the United Kingdom and exceeded the normal payment capacity of fiscal expenditures, the United States began issuing defense bonds for the purpose of aiding the Soviet Union and Britain.

At that time, it was just called defense bonds, but now, issuing new bonds has become formal war bonds, and war has begun.

Hearing Roosevelt's words, Finance Minister Morgenthau nodded: "Mr. President, issuing war bonds should be a good way. You are right. Our people are patriotic. At the moment when the entire country is about to face a critical moment of life and death, they will definitely buy our war bonds vigorously."

If the currency is issued over-issuing, it will bring terrible inflation risks, but issuing war bonds is different, which is also a way to inspire people's patriotic enthusiasm.

Morgenthau agreed, and Marshall didn't say anything, and everyone present supported it.

So far, if you want to raise more funds, you can only issue war bonds.

Since it has been decided, we will start discussing the issue of how to issue it. This is not a problem for Roosevelt. Soon, Roosevelt told the specific measures.

"Our war bonds, like the previous defense bonds, can be divided into bookkeeping and paper. In order to ensure appropriate circulation, bearer paper bonds are the main method, and they are printed using our US dollar anti-counterfeiting standard. The denomination of the bonds is 25, 50, 100, 200, etc.."

Almost just applying the original defense bond, Roosevelt sucked his last breath into his lungs and exhaled slowly. With the stimulation of nicotine, Roosevelt felt that his thoughts became clearer: "At the same time, our bonds have interest. For example, the personal purchase price of a $25 bond is only $18.75. If it expires in 10 years, our US government will exchange the full amount of $25, so that the annual interest is 3.33%.

The interest rate is not high. If you consider the factor of inflation, you will just have to protect your capital. Moreover, if something happens ten years later, the US president will worry about it ten years later. He will definitely not be in power until then.

Now you can borrow money first.

Roosevelt's advice was reasonable, and Morgenthau said: "Okay, we'll prepare immediately, so how much do we plan to issue?"

Roosevelt threw away the smoke fart with force and said, "Issue one hundred billion dollars first."

One hundred billion US dollars! This is definitely an astronomical figure. You should know that the GDP of the entire United States is only more than one hundred billion US dollars, less than two hundred billion US dollars. Now, Roosevelt has collected more than one tenth of the total GDP.

"If the sales are good, you can over-sale, with a cap of 20 billion. This is the first phase," said Roosevelt.

The gap in military expenditure is huge. As the war progresses, more will be needed in the future. The current 10 billion war bonds are just the beginning.

The money problem is not difficult for Roosevelt. Roosevelt gained public support by successfully solving the American economic problems. Although it is in a state of war, Roosevelt also believes that he can solve it completely.

War bonds are a great solution for Roosevelt.

However, Roosevelt didn't know that his opponent had already started to make arrangements on the other side of the ocean.

Disturbing the financial order of the United States and even causing the US financial system to collapse 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, as Germany occupied various countries and promoted the euro, it made large profits, gained wealth through foreign military wars, and then converted these wealth into the boom of domestic military industry. In this way, it can promote the rapid increase in GDP in the entire Europe.

This is how Cyric's war economy came about. When the war ended, once Germany ruled the world, it would be easier to develop the economy. As an industrial center, Europe dumped industrial products into the world and could maintain a modern life in Europe, not to mention controlling the oil-producing countries in the Middle East.

Now, Koga peak sitting opposite Cialis, his thinking cannot keep up with Cialis.

When Koga Feng was still immersed in the idea of ​​carrying dollars on the balloon, wouldn’t he have done nothing? Cialique had already brought him into a new field and forged war bonds.

This thing was issued by the US government! Even if we forged this kind of thing, what's the use? Or is it just like the ones I just said, using a balloon to airdrop?

"Of course the same way is, mainly airdrops." Cialick looked at the already confused guy and could only continue to explain to him: "The war bonds issued by the United States have many similarities with the US dollar. If they are issued under the name and according to the denomination, they will have the ability to circulation."

Bonds are circulating, unnamed, and have denominations. In later history, those who were burned in public after purchasing war bonds purely to support the country, and can even be said to be a show.

Most people carefully keep their purchases at home, waiting to get funds from the government after the war is over.

If someone urgently needs funds in the middle, he will sell the bond, so it can also be circulated.

In this way, what would happen if a large number of war bonds suddenly appeared? What would happen if someone suddenly discovered that there were fake bonds? In fact, it would be better to deliberately expose some flaws than making fake US dollars. In this way, people will know that it is not good, if there are fake bonds, don’t buy them!

The US government will also be quite anxious to reprint war bonds and tell the people that the bonds are safe and there is no problem. When the new bonds are printed and sold, they found that there are high-quality imitations on the market.

In this way, Americans' war bonds were greatly delayed during the issuance, and Americans had to modify, print, list, and identify the authenticity again and again. Americans could not quickly raise funds through war bonds, and their government would go bankrupt.
Chapter completed!