Chapter 1039 Magic Market Supervision and Administration Bureau

“Liberating…consumption and productivity?”

Dumbledore and Grindelwald looked at each other and saw the confusion in each other's eyes.

As representatives of the top of the wizarding world, they may have sophisticated experience in human sophistication, magical strength, and social education, but the financial field is indeed their shortcoming—the gap that has been missing for centuries in the wizarding world cannot be filled overnight.

For quite a long time, wizards have never cared about the superficial calculations and flows behind those gold galleons. They only focus on the results.

Perhaps, only Elena, the little one, can understand the meaning of those goblins' words.

"I'm a little confused. The Goblins of Gringotts gave up the right to mint coins, right?"

"That's right."

"And for the sake of transparent and fair accounting, after this, they will gradually change from industry owners to employees of wizards?"

"Obviously, whether it is accounting, auditing, taxation... these basic positions are very suitable for goblins."

"So……"

Grindelwald frowned and tapped his fingers on the table.

"If I understand correctly, even if there is more money in the market in the future, Gringotts will not be able to profit from it as it did before. As for what you said about expanding production and introducing a more diversified consumer market, I am even more concerned about these places. I don’t understand the meaning…”

"They...have paid so much, what can they get?"

The greedy and profit-seeking nature of Gringotts Wizarding Bank is the imprint engraved on every gold galleon.

Grindelwald would not be naive enough to believe that the goblins suddenly turned into house elves who regarded money as poison overnight.

Elena's status in Gringotts certainly has some military factors, but if she wants to command the fairies smoothly and exercise power like a real "Fairy Queen", then Elena must have a deeper "interest" The goblin was impressed.

"Quite simply, social value and social status and, of course, legitimate interest in their individual wealth."

Elena spread her hands and answered quickly without thinking.

Gazing across the two old wizards who looked increasingly confused, Elena's eyes flashed with a hint of cunning, and she continued to explain unhurriedly.

"When we talk about goblins, people often unconsciously think of goblins as a whole - just like unless there is a clear assignment of work content, when we give instructions to house elves, we usually call them directly a racial name rather than an individual name.”

"Actually, if we look at individual goblins, they will obviously value personal wealth compared to group wealth."

"As the identities of the goblins in the Wizarding Bank of Gringotts change, their individual efforts and income will be more clearly reflected."

"These changes seem big, but the wizard has not taken away a certain goblin's personal assets. This is like selling Hogwarts to Durmstrang one day - well, just to give an example - —If you really mind, then change to Hogwarts to acquire Beauxbatons..."

Elena glanced at the principal, who was pouting on his lips as if he wanted to say something, and calmed the old man's emotions with a cute and obedient expression.

"Whether it's for Beauxbatons or Hogwarts students, as long as there is no increase in homework, it's not a big problem."

"So, the only person who may suffer losses is the senior management of Gringotts..."

Grindelwald nodded thoughtfully, with a dangerously satisfied look on his face.

"And as far as I know, after these months of 'communication', those stubborn old goblins shouldn't object anymore, right?"

"That's right. As for social value and social status, that's easier to understand... Also, you don't need to emphasize it."

Elena glared at Grindelwald with an annoyed look.

After such a long time, the old demon king still hasn't given up on his plan to cultivate the demon king's successor.

"Only with the prosperity of wizard civilization and market economy will there be more demand for accounts and economic activities."

"The industrial structure of Gringotts Wizarding Bank in the magical world has always been quite deformed, lacking normal lending and investment activities. This is simply unimaginable in the non-magical world. If the wizarding world can open up a free trade market, and If we gradually expand the consumer base, it will obviously be more attractive to both Gringotts Wizarding Bank and the goblins than the rigid and monotonous savings exchange business."

"Wait, expand the free trade market, I can generally understand this..."

Dumbledore cleared his throat and looked at Elena with some confusion, his watch gradually became serious.

"But gradually expand the consumer base... You should be very clear about the size of the wizarding world's population. Even the wizards all over the world combined may not be able to compare with the ordinary people faced by the non-magical community in the UK. International Federation of Wizards Magical products will never be allowed to enter the Muggle world-"

"What if it is an ordinary Muggle product that is produced and processed by wizards but has no magical power? For example..."

Elena raised her eyebrows, glanced at the wool socks exposed on Dumbledore's ankles, and continued with a slight smile.

"Purely handmade, high-precision Scottish wool socks, or carefully scented harmless soap, or high-quality Scottish large potatoes grown in magic greenhouses... As long as the magic government reviews the production qualifications and the products leave the factory Just put more effort into the review. The industrial production line that wizards participate in has too many advantages. As for the after-sales risks, aren’t there Mr. Weasley and the others..."

Different from the emphasis on Gringotts Wizarding Bank, Elena had already thought about how to deal with Dumbledore before leaving Gringotts.

Before the arrival of the era of universal magic, the poor population base of the magic world was an important issue restricting the capitalization of the magic world.

Therefore, if the "applied magic" and "industrial magic" of Hogwarts Institute and Humanity Survival Guarantee Apocalis are to be promoted in the civilized world by relying on physical carriers, then with only a meager magic population The word "civilization" cannot be supported at all.

The birth of the magic industry product classification system is inevitable.

In fact, the meeting process for adding the Magic Market Management and Supervision Bureau has been passed.

If nothing unexpected happens, the Ministry of Magic will announce the establishment of a new department in the newspaper at the beginning of next month at the latest.

The Magic Market Supervision Bureau is affiliated to the temporary International Magic Cooperation Department. Since the work of the Magic Market Supervision Bureau is not clear, at the beginning, the work here was mainly done by Barty Crow, the director of the International Magic Cooperation Department. Mr. Qi is in charge.

After all, before this, the only trade-related department of the Ministry of Magic was the International Magical Trade Standards Association of the Department of International Magical Cooperation.

"Open free trade? Is this what the goblins want?"

Dumbledore glanced at Elena and shook his head with a dumb smile.

"Honestly, you may have to think of other ways. The Ministry of Magic and the International Federation of Wizards are not so easy to convince -"

"Of course there are other ways, well, I mean situations that don't violate the International Statute of Secrecy."

Elena shrugged her shoulders and counted carefully on her fingers, "House elves, centaurs, murlocs, trolls, harpies...there are many intelligent species in the magic world, right? I checked it out specifically. The Ministry of Magic’s document on the definition of ‘person’ and Fantastic Beasts and Where to Find Them, if we don’t just focus on wizards and look at the real magical world, the size of the magic market is still huge.”

"Uh, house elf?"

"Yes, house elves have no salary and no consumption concept - but it is different if it is the master's task."

Elena said seriously, taking out a financial statement from her chest and placing it on Dumbledore's desk.

"You should also be aware of the 'round-faced fat chicken takeout' service during last summer vacation, right?"

"The house elves at Hogwarts earn as much as the entire school's teachers this year in two months."

"Since the house elves in Hogwarts can go out to work, why can't the house elves in other wizarding families go out to work? And for work, you have to pay, and this is paid to the house elf owner... right? "

"Then, if we let the house elves work and let them use the rewards to buy food, cleaning supplies, and daily necessities-"

Elena shook her fingers, her delicate and lovely face shining with a demonic capital.

"On this basis, there is even a high probability that house elves trading and investment will occur - when they become options that can create additional wealth, some wizards will start to consider the return ratio, and we can also gradually improve, Divide the house elves’ pay.”

"Look, the scope of the magic market has suddenly expanded a lot?"

"In addition, there are too many intelligent species. Goblins are responsible for accounting and supervision, and wizards are responsible for formulating..."

"Ahem——"

Before Elena could finish her words, Dumbledore cleared his throat.

He glanced at Elena with a complicated expression.

Even though he didn't fully understand the world that Elena described, Dumbledore still felt a little creepy deep in his heart.

Compared with this cute and well-behaved "Fairy Queen", the cunning, cruel and shrewd fairies of Gringotts Wizarding Bank are as innocent as newborn babies. No wonder Gringotts Wizarding Bank, which has lasted for thousands of years, will be transformed in just one year. It fell into her hands over the years.

The more critical thing is that Dumbledore doesn't even know if this child has a more terrifying plan.

For no reason, Grindelwald's previous warning inadvertently resurfaced in his mind.

if……

If Elena chooses to take a side, she stands on the opposite side of the wizard.

So how huge are the non-wizard forces she has influenced, and how huge are the enemies in the wizarding world.

Dumbledore doesn't want Elena to be the "Elf Queen" in addition to her identity as "Elf Queen", "Mermaid Princess", "Charming Baby Queen", "Giant Conqueror", " The title "White Wolf King"...

Judging from past experience, the possibility of these things happening is not small.

"The house elf, well, let's talk about it later..."

After Dumbledore was silent for a moment, he rubbed his swollen eyebrows and asked softly.

"You just said, open the free trade market, right?"

"Tomorrow I will go to the Ministry of Magic and the International Federation of Wizards to discuss it, and try to persuade them to pass some 'magic factories' for Muggles first. And from your point of view, we will start the pilot from that Muggle city It would be more appropriate..."

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Great!