Chapter 1478: Midi Financial Development

In the eyes of the world, what are the benefits of nested banks? sickle

Answer: You can borrow money.

The loan-lending relationship has existed since human beings became social beings. Because its original intention is a form of mutual assistance and cooperation. Although borrowing money is not a rigid need, if it is available, it will always be useful.

In the eyes of people with capital strength, what are the benefits of cladding banks other than lending money?

Answer: Just print numbers on paper and spend them as money!

No one will understand an economic theory that is too advanced, or even if they do, they will pretend not to understand. Who doesn’t want to be able to print money and spend money as hard as possible. Compared with opening gold, silver, and copper mines, the cost of printing numbers on paper is almost negligible.

So all of a sudden, this kind of banking system, which was implemented after half-learned, sprung up all over the country. And it has nothing to do with the first founder. This is also because that person put all the bank regulations he created on the forum for anyone to watch.

Of course, there are many capable people who forget about printing money and directly print the banknotes into scrap paper. People don't look at the zero on the face value of the banknotes at all, but just like barter, the banknotes are exchanged for things by weight. sickle

However, this situation did not last long, and of course this kind of bank was despised. Even the founders had to face the anger of depositors because they could not get their money back. In a land where the rule of law is not yet complete, such people usually do not end well.

Since these casing banks have no official status and have not been officially recognized by the Goddess of Gold Coins, they are even more capable of causing mischief and printing zeros on the denominations of banknotes into the sky in a short period of time. So they all face the same problem, which is the problem of trust.

It's just that the casing banks that can restrain their impulse to print money can take advantage of the gold coin goddess, allowing most people who forget about the high interest income to ignore the possible risks.

In other words, this is a new thing in the world, and no one is aware of the risks involved. Just looking at the name of the gold coin goddess, I stupidly believed it.

Just look at the banks that are printing a lot of money. They can still attract funds in the early stages, which is a clear proof.

Although it failed to completely replace the official bank of the Gold Coin Goddess, all depositors and funds within the area's influence were moved from the Goddess's bank to the private bank. But the funds gathered are enough for these emerging bankers to do a lot of things.

Lending money to the poor and helping motivated people start their own businesses are all bullshit! The first move of the new bankers was to lend money to the local noble lords. sickle

Lending in Midi has not yet developed to the level of credit loans, everything is a mortgage loan. Collateral does not have to be physical objects, it can also be certain rights.

The power in the hands of the lord is the key to directly affecting a region, so emerging bankers who are not in the goddess system start from this aspect. In fact, they also want to reproduce the gameplay of capital controlling power.

】

People who can do these things are not necessarily fellow countrymen from a certain age. It can be said that after the money reaches a certain level, as long as there is no legal or artificial restraint, the people who control the money will naturally develop in this direction.

If it weren't for directly using money to hire soldiers, it would be too crude to overthrow the lord and become the boss, and it would not be easy to gain the approval of the superior lord to replace the old lord. These bankers did not directly become bandit leaders, but used more 'civilized' methods to plunder...

It means that if you are a bandit, you will be a bandit. If a bandit is civilized, then he is not a bandit?

Not to mention those noble lords who have no interest in managing their territories and only care about their own enjoyment when they have money. In fact, there are still many lords who are quite farsighted. After they have sufficient funds, they start various infrastructure construction and enrichment measures such as building bridges and paving roads, thickening city walls, raising cattle and horses, etc.

No matter it is a lord who is already short of money or a wealthy lord, who would dislike having more money in his hands and being able to do more things. Even though the money will have to be repaid eventually, the repayment deadline has not yet come. sickle

In the past, there was certainly borrowing and lending. But for lords' loans, they usually go to their superior lords, or they shyly go to colleagues who seem to be wealthy. No matter who you are asking for, it is not a glorious thing to reach out to borrow money from others.

Who has ever seen a donor come to their door and use various tricks to trick people into borrowing money?

Even lords who originally had no purpose or plan would be stunned by the prospects depicted in various development plans. Then they borrowed money they didn't need to borrow and did things they didn't need or couldn't use very much.

In someone's hometown, there is a proper name for this: face project or mosquito house.

Such development is certainly not the end point planned by the man who designed the condominium bank. After he made certain achievements, he approached the Goddess of Gold Coins and proposed the Goddess Bank plan throughout the land; he also asked for the identity of a elector for himself.

What the man said was simple. The amount of funds he can absorb and the scope of his influence over the entire land are probably only 1 in 10,000. Many people have learned his method, but they have not learned it well and have made a lot of troubles.

Since this is a good model and helps people in need, in order to avoid other people who have not learned enough from going astray, it is the best choice for the Goddess of Gold to take control of everything. The question of how to operate it was, of course, left to him, the person he was most familiar with. sickle

This sounds like there is nothing wrong with it. But if you put it in the society before someone time traveled, it would be that local credit unions in turn annexed state-owned banks. This is an incredible thing where a small shrimp swallows a big whale!

Of course, the goddess did not rush to agree to this wonderful-sounding vision. She is a deity. Even without detecting evil magic, she can still sense whether people have good intentions or bad intentions.

Unless this person's acting skills are so good that he can even fool himself, but the person in front of him is obviously not a talent in this area. That hypocritical smile, exaggerated words and unconcealed malice almost seemed to burst out of his head.

This should be placed on Wall Street, which is the hometown of many people. This is called the appearance of a successful person. Smart, capable and sharp!

Unfortunately, this is not Earth. What's even more pity is that the man is not facing a fat old rich man, but a god!

However, Ke Yin did not directly agree or refuse. He only delayed the matter on the grounds that he had to reconsider.

Doing big things isn't something that can be accomplished overnight, so that person didn't press too hard. sickle

And of course, these news were passed from the mouth of the dark elf Maiershan to the ears of a certain semi-retired time traveler. In addition to the fact that Melson was working in the banking system, it was also because Coin wanted to use her word of mouth to spread the word.

Ever since someone abandoned his identity as a voter, one person and one god have been in a state of cold war, with no one willing to bow to the other first. No one dares to speculate on the thoughts of the Gold Coin Goddess; however, someone’s thoughts are just unnecessary. Anyway, that short goddess shouldn't close her account and swallow the money in it, then just do whatever you normally do.

Therefore, Mai Ershan, who stayed in the banking system, not only became a bridge between someone and the ancient world tree Fasnas, but also became the messenger of Koin, the goddess of gold coins.

On the other hand, this is what Melson wanted to ask. In other words, this is what the relevant forces behind her also want to ask.

Borrow money and charge interest. From the perspective of the creditor, there is nothing wrong with being able to make use of your idle funds and earn some profits within a period of time.

Especially the savings in the treasuries of several major elf kingdoms. The business atmosphere in the elf kingdom itself is not enthusiastic, and the transaction behavior is more like the exchange of gifts in favor of each other. This also resulted in the kingdom's treasury accumulating a lot of coins over the years.

One of the few uses of these coins, and also the largest project, is external business transactions with humans. In addition, even elves given as rewards to meritorious deeds will be looked down upon. You can imagine how much money the kingdom retained. sickle

In the past, due to the closed nature of the Elf Kingdom, the attitude towards communicating with the outside world was to have as little communication as possible, so those coins were really of no use except for occasionally being melted down to make works of art.

Now that everyone is borrowing money enthusiastically and earning interest easily, several kings of the Elf Kingdom can't sit still.

With the unification of coins as the hub and the information exchange on the forum, business transactions in the Lost World are becoming more and more frequent. Although the Elf Kingdom is closed, there are still many things that need to be imported from the outside world.

The reason why the trade volume in the past was not large was because we carefully selected our partners and did not dare to trust outsiders. This also reduced our choices in disguise, and naturally there were not many places to spend money. But with the dual impact of coins and intelligence, the Elf Kingdom gradually opened up, and the demand for money was greater than before. Ideas will naturally arise.

Lin only gave one response: wait and see.

Whether those big shots listen to him or not is none of his business. You have to explain everything until it is clear to others, which sometimes leads to more doubts and distrust.

Don’t you see the people in my hometown who have been warned by outsiders and have been defrauded? They all keep saying that those scammers are trustworthy, cannot deceive them, and everything is true. The so-called authorities are obsessed with this kind of thing, and this kind of thing is not limited to the era when fraud was rampant in my hometown. sickle

In fact, things like bank lending are not entirely bad. The key lies in direction and control. Once you lose control, you will taste the bitter fruit of the bubble bursting. And wealth will be concentrated in the hands of a few people, just like being attracted by a black hole.

Is this avoidable?

Maybe, but some people who have been poisoned by capital don't have enough wisdom to think of good ways to avoid it. He will just bury his head like an ostrich, trying to delay the matter until he is dead and can no longer see it.

In fact, the crux of the problem is that the bank in my hometown is a profit-making enterprise, not a charity. When banks 'must' pursue profits in order to be able to pay interest to bank depositors and pay salaries to bank employees (fat cats?), it is difficult to control the financial monster of the bank to show its fangs.

In other words, banks are like elephants even if they don't show their fangs. If you inadvertently get up and down, you will trample to death some insects or small animals that have little sense of existence.

Do elephants kill intentionally? No, that's just where the elephant stepped, and those little eyesless things didn't know how to run away.

But no one has realized a problem yet. The key to Midi Finance is tied to a god! sickle

In anything, those who can see the long-term trend are geniuses, and those who can see the short-term trend are talents. In this era when geniuses deliberately do evil and talented people emerge in large numbers, a certain pit-digger hides in a dark corner and smiles sinisterly, watching the situation change.