Uchiha's personal opinion

Uchiha Tokumitsu was lost in thought when the Uzumaki ninja had to speak up to remind him.

"Um……"

Uchiha Tokumitsu also seemed to wake up as if he had just come to his senses.

After the Uzumaki ninja left happily with the sealing scroll, Uchiha Tokumitsu immediately took out paper and pen to record it.

Dragon veins, the ancient kingdom of Loulan!

However, there is a problem with seizing the power of the dragon vein: one must delve into the heart of the Wind Kingdom to find the location of the dragon vein of the ancient Loulan Kingdom.

Given Uchiha Tokumitsu's popularity in Sunagakure, if his whereabouts were accidentally leaked, it's estimated that Ebizo, a high-ranking official in Sunagakure, would immediately mobilize all of Sunagakure's resources to hunt him down.

Secondly, unlike the Jinchuriki sealing method for Tailed Beasts, how to seize the power of the Dragon Vein is also a problem. Otherwise, Sunagakure wouldn't have stood idly by while this power remained idle.

"hold on……"

Uchiha Tokumitsu casually crossed out the text about the dragon vein, thought for a moment, and then rewrote two words:

"Another journey!"

Chapter 155 Opening of the Namakawa Stock Exchange

Actually, Uchiha Tokumitsu didn't want to create this monkey-like so-called stock exchange so quickly, but he had no choice because the cost of the laboratory was just too high.

Of the ten million taels of profit extracted from the first special border trade in the Misty Hidden Lands, six million were spent on purchasing a batch of basic experimental equipment as a fixed asset investment. The remaining four million taels were used to purchase experimental consumables, which lasted only five days before being exhausted.

Faced with such terrifying financial losses, Uchiha Tokumitsu could no longer sit still.

Even if someone still has some spoils hidden in their personal stash, at this rate of spending, it won't last long even if they fill it all up.

Therefore, even though the experiment was already halfway done, Uchiha Tokumitsu chose to seal it off and suspend it.

What if I don't have money?

The traditional approach is naturally to increase revenue and reduce expenditure.

But for Uchiha Tokumitsu, cutting back on expenses is impossible; he will never be able to cut back on expenses in this lifetime.

Therefore, the only option is to explore new sources of funding through open-source initiatives.

The best way to make big money is to organize it in the name of the family, and then take a cut as the founder. In this way, you can gain a good reputation for increasing the family's wealth, and also make a profit. It's a perfect win-win situation.

Therefore, although the timing was not yet ripe, under the remote planning and organization of Uchiha Tokumitsu, an institution bearing the sign "Nanka River Stock Exchange" was born in a newly built three-story building next to the Uchiha Police Department headquarters in the southern district of Konoha.

The reason for choosing "Nanka River" as the name of this new organization is twofold: first, to downplay the already strong Uchiha influence and make the organization a securities trading center for, but not limited to, Konoha; second, Nanka River is also the birthplace of the Uchiha clan, which holds special significance for them.

Under Uchiha Tokumitsu's management, three bonds were listed on the first batch of the Nakagawa Stock Exchange.

One of them is the "Grass Country Trade Development Special Bonds" issued by the Uchiha clan, which are backed by the Uchiha clan. Each bond has a face value of 10,000 ryo and an annual interest rate of 8%. The total number of bonds issued is 10,000, which means that the expected funds raised are 100 million ryo.

The primary purpose of this bond issuance is to raise funds for expanding livestock farming, such as beef cattle, in the Land of Grass, in order to boost trade with the Hidden Mist Ninja Clan.

Secondly, there's the recently much-discussed bond product repackaged after the ninja clan's bond repurchase, which Uchiha Tokumitsu named "Ninja Clan Joint Bond." The underlying asset of the bond is the ninja clan's white-backed securities obtained after the repurchase, with a face value of 5,000 ryo, a coupon interest rate of 10%, a total issuance of 20,000 bonds, and a fundraising amount of 100 million ryo.

The last bond product was issued in conjunction with the Uzumaki clan and was called the "Uzushiogakure Product Revitalization Bond". It was nominally intended to revitalize and reinvest various special products and resources of the Uzushiogakure. The Uchiha and Uzumaki clans jointly guaranteed its support. The face value of the bond was also 5,000 ryo, the coupon rate was 5%, the total issuance was 10,000 bonds, and the total amount raised was 50 million ryo.

All bonds share a common characteristic: they are bearer bonds and have a one-year issuance period!

While bearer bonds are less secure, especially since they cannot be reported lost or damaged and cannot be replaced, they have a unique advantage in liquidity.

This is why Uchiha Tokumitsu was willing to sacrifice security to issue bearer bonds.

Because only good liquidity can allow bonds to become hard currency in certain situations.

Of the three newly issued bonds, the "Wisteria Country Product Revitalization Bond" has the lowest annual interest rate, but it is the one that small country daimyo and nobles are most interested in.

Although the Uzumaki clan has declined and was once a thorn in the side of powerful daimyo due to its "conversion of family into nation," it does not mean that the Uzumaki clan has no reputation. In the eyes of nobles of small countries, the guarantee of family reputation is much more reliable than any profit analysis or risk assessment.

Moreover, the Uchiha clan also joined forces to protect him.

In order to ensure that the bond products would be sold out as soon as the stock exchange officially opened, Uchiha Tokumitsu remotely directed his clansmen to conduct a three-day pre-opening promotion and sent out invitations and introductory materials to each of his affiliated ninja clans.

Even before the bonds were officially issued, the Daimyo of the Land of Grass had already announced that he would purchase 5,000 "Special Bonds for Trade Development of the Land of Grass," which meant an investment of 50 million ryo.

The leader of Kusagakure, Mang, also sent an envoy to Konoha to reserve a bond share of ten million ryo.

Meanwhile, the various affiliated ninja clans that were close to the Uchiha clan announced that they would fully subscribe to the "Uzushioka Country Product Revitalization Bonds".

Thanks to the Uchiha clan's efforts, the "positive" news about the Nakagawa Stock Exchange spread throughout Konoha in an instant.

In no time, the Naga River Stock Exchange became the hottest topic of conversation throughout Konoha.

Whether they are ninjas or ordinary people, it seems like they would be out of touch with the times if they didn't talk about bonds in conversation.

The Uchiha clan was naturally pleased with this.

……

"Why don't we issue bonds for the village? We're really short of funds right now."

In the Hokage's office, Koharu Utatane spoke to the Third Hokage, Hiruzen Sarutobi.

The Uchiha clan's stock exchange has been making waves and becoming widely known even before its official opening, demonstrating its incredible ability to attract money, which has made Koharu Utatane extremely envious.

The Third Hokage, Hiruzen Sarutobi, smoked his pipe while weighing the pros and cons of issuing bonds.

Konoha's financial problems are related to the relationship between the ninja village and the daimyo.

Konoha and the Land of Fire are essentially in a mutually dependent relationship.

The Land of Fire entrusts its national security to Konoha, while Konoha receives funding from the Land of Fire for the construction of its ninja village.

In the past, if a ninja village wanted to obtain funding beyond the daimyo's allocation, it needed to expand its sources of missions to earn more mission commissions.

This is one of the reasons why the major ninja villages in the ninja world launched the Ninja Village War.

However, compared to the bonds that Uchiha Tokumitsu created, the traditional method of waging war to seize mission shares is simply too inefficient!

Although bonds require interest payments, those interest payments are negligible compared to the gains from accelerating the construction of the ninja village.

"After all, the village isn't a ninja clan, so issuing bonds still requires the daimyo's understanding..."

After pondering for a long time, the Third Hokage, Hiruzen Sarutobi, slowly said, "Iron, please go to the Daimyo's residence and explain the village's current difficulties to the Daimyo. I hope the Daimyo will understand."

Although the Third Hokage Hiruzen Sarutobi's words sounded rather mild, Homura Mitokado understood that the purpose of this trip was merely to give a routine notification to the daimyo. If the daimyo agreed, great; if not, they would have to find a way to do so.

"I understand……"

Mitomon En nodded in response.

"Xiaochun, how much of the village's bond quota do you plan to issue?"

The Third Hokage, Hiruzen Sarutobi, asked.

"Five hundred million taels is just right!"

Xiaochun was overjoyed when she switched dorm rooms.

When asked about this matter, he explained that Hiruzen Sarutobi intended to entrust her with the handling of the bond issuance.

"Five hundred million taels... Fine, as long as the total issuance amount can't be less than that of the Uchiha clan!"

After pondering for a moment, the Third Hokage, Hiruzen Sarutobi, agreed to Koharu Utatane's suggestion: "Then I'll leave this matter to you!"

"I will handle this well!"

Koharu's expression was filled with undisguised joy.

"Today is the day the Uchiha clan's bonds are publicly offered for sale, isn't it..."

The Third Hokage, Hiruzen Sarutobi, turned his gaze to the newly opened south-facing window in his office.

"Yes……"

Mitokado Yan sighed.

……

The various thoughts and concerns within the Hokage Building did not disturb the bustling activity at the Nakagawa Stock Exchange at this moment.

Today, the person presiding over the opening ceremony of the exchange is the clan leader, Uchiha Yomo, whose eyes have been squeezed into slits by his beaming smile.

The bonds, totaling 250 million, were sold out within an hour of the exchange's official opening! The reason the sales took another hour was mainly due to insufficient staff at the exchange, which delayed the accounting of funds purchased from the bonds and the distribution of the bond notes.

"Mr. Deguang, should we issue another batch of bonds?"

After greeting all the guests, Uchiha Yomo, beaming with joy, returned to the reception room on the third floor of the exchange and spoke with Uchiha Tokumitsu, who had secretly returned to the village.

"Not for now..."

After a moment's thought, Uchiha Tokumitsu decided to proceed according to the original plan.

"Seeing everyone's money going unspent is truly heartbreaking..."

Clan leader Uchiha Yomo sighed deeply, "I think... it's better to distribute more, so that everyone doesn't leave disappointed..."

"Chief, the essence of a bond is still borrowing money from others; it still needs to be repaid at a fixed date..."

Uchiha Tokumitsu sighed and said quietly, "Borrowing too much money with nowhere to spend it means it can't generate any value and I still have to pay interest to others. It's really not worth it..."

"Deguang-kun, the police training school has been underfunded and needs investment!"

Uchiha Yomotsu quickly retorted, "Besides, aren't you short of funds for your experiments? You can raise money through bonds!"

"Chief, the purpose of the bonds is to raise funds to develop industries, not to borrow money to spend."

Uchiha Tokumitsu said, "Without a continuous flow of funds from its industries, the clan will eventually face the predicament of being unable to repay its bonds!"

"As long as we keep issuing bonds to raise funds, we don't need to worry about the bonds not being redeemed, right..."

Uchiha Tokumitsu's firm opposition left even the clan head with no choice, but Uchiha Yomo still felt somewhat unwilling.

Uchiha Tokumitsu gave him a disdainful look.

What kind of people are these?!

They can even master Ponzi schemes without a teacher?!

Chapter 156 Bizarre Financial Games

As the number one ninja village, Konoha's every move naturally attracts the attention of other ninja villages.

The recent surge in bond issuance has particularly caught the attention of the Kage from various ninja villages.