Chapter 1790 Guess Who I Am
"The value of currency does not depend entirely on the value of the currency material, but more on credit. Whether a banknote has value depends on who endorses its credit."
Professor Moriarty tapped the embers in the pipe with a smile, and gave Joan a more in-depth explanation.
"The Far East can issue banknotes to replace gold and silver coins because the Far East government has a reliable reputation and has won the general support of the people internally. It is also favored by major international financial institutions externally. Therefore, when the Far Eastern government endorses the banknotes issued by it, the domestic people And foreign investors are willing to pay the bill, so the banknotes in the Far East are endowed with strong purchasing power, which is no different from real gold and silver.”
"As for the imperial government, the situation is different. The bureaucracy is rotten, the finances are unable to make ends meet, and the domestic famine and turmoil are repeated one after another. Such a government obviously does not have much credibility. If it only relies on the government's endorsement to issue unsecured banknotes, no fool is willing to use gold and silver. To exchange, this kind of paper currency cannot be circulated, and it becomes waste paper.”
"Crown Prince Frank and his aide, John Lauer, have a thorough understanding of this issue, so the imperial gold notes they promoted not only have the status of legal tender given by the government, but are also linked to the assets of the Royal Mining Company."
"Just the day before yesterday, the current Prime Minister of the Empire, Earl Muller, accepted an exclusive interview with the "Quds Daily" and publicly promised that "every imperial gold banknote has a corresponding magic crystal reserve" and "100% rigid cashing"!"
"Since gold banknotes can be exchanged for magic crystals equivalent to their face value, holding gold banknotes is equivalent to holding magic crystal futures. Guess what will happen next?" Professor Moriarty smiled strangely.
Is this still a guess?
The Royal Mining Company has outstanding performance and huge profits. The imperial authorities use the high-quality assets of the Royal Mining Company as collateral to issue gold banknotes. There are rich reserves of magic crystal minerals as the value support, and there are countless moving wealth stories to tell. Of course, the prospect It is bright and is very popular in the capital market!
Joan looked up at his mentor and asserted firmly: "At the beginning of the issuance of gold banknotes, due to the instinctive distrust of banknotes by the public, no one would care about them, but as smart people like you enter the market with huge sums of money Banknotes, after some hype, when the public realizes that this matter is profitable, they will follow suit and enter the market, exchanging real gold and silver for gold banknotes, so that the price of gold banknotes will rise sharply, and in the future it will be more popular than real gold and silver.”
"As expected of my good student, I guessed it right!" Professor Moriarty laughed and patted Joan on the shoulder. "Now you should know why I said the opportunity is rare, right?"
"Mentor, this is indeed a good opportunity, but you have to stay sober!" Joan couldn't help but remind the professor, "The issuance of gold banknotes cannot be supervised. As long as the imperial government is willing, it can print gold banknotes endlessly. Wealth on paper grabs real wealth from people, piling up like a snowball, and when the face value of banknotes far exceeds the magic crystals used as collateral, this game becomes a scam, and sooner or later it will blow up!"
"I know that well." Professor Moriarty smiled slightly, "I will quietly leave the venue before most people wake up and get scammed."
Joan twitched the corner of her mouth, and retorted disapprovingly: "All the unlucky people who finally took over the offer have the same calculations as you!"
"Hey, everyone is playing the game of 'Drumming and Passing Flowers'. Who can successfully get away with money and who will leave behind the thunder? The test is vision, brains and determination, and I think I don't lack these three things." Professor Riati smiled confidently, "Joan, the stock exchange is here, do you want to speculate in gold with me?"
"Forget it, I don't have that much time to spare!" Joan waved his hand angrily, opened the car door and jumped down.
"Wait a minute!" Professor Moriarty hastily poked his head out, his smile was a little more awkward, "Joan, just now you said that you have a spare cash that is useless, right?"
"Well, do you want to use it to fry gold?" Joan asked back.
"Betting on the banker, the more money you have, the better, and you will earn more in the future." Professor Moriarty smiled all over his face, "Think about it, my good student, last year you borrowed money to fund my speculators." Didn't Jing Futures earn ten times the return in the end? I promise, this time I will only earn a lot more!"
"I really can't do anything about you!" Joan shook his head with a wry smile, and stuffed the checkbook to the instructor, "Here is 1 million Gold Duga, which is the money you helped me earn on the exchange last year, and I will return it to you now." You, anyway, I didn't earn the money myself, so I don't feel bad if I lose it all."
"Don't say that! What do you mean by 'give me back'? Your money is yours, it's called 'borrowing'!" Professor Moriarty wrote an IOU in a serious manner.
Qiao An casually stuffed the IOU into his pocket, and bid farewell to Mr. Professor, who was addicted to financial speculation. Turn around and walk slowly along the street.
Not far away, a carriage chased up from behind, and the girl's crisp laughter came from the window.
"Brother Joan, guess who I am!"
"Ruby?" Joan replied without thinking.
Mischievous laughter came from the car window, and the car door opened. Mrs. Josephine in a long red dress leaned out half of her body. Ticked, motioning for him to come over and chat.
"I guessed you would be fooled!" The Countess smiled proudly.
Joan boarded the carriage, sat down beside her, looked left and right, there was no Ruby in the carriage, and asked wonderingly: "Did you really imitate Ruby to greet me just now?"
"Why, I don't imitate like that?"
"It's so vivid, but I didn't expect that you would suddenly make fun of me."
The Countess pursed her lips and put on a resentful expression: "Where did you go all this time, and you haven't heard from me at all, did you avoid me on purpose?"
"Of course not!" Joan shook her head quickly, and then told the Countess about the encounter in the past three months.
"Magic beans? A garden of cloud giants? And a castle floating in the sky?" The countess was amazed when she heard it. "This is so amazing, it's like a scene from a fairy tale!"
"It's true, if I didn't experience it myself, I would find it incredible." Qiao An said with emotion.
"It's a pity that Ruby, that little idiot, chose the latter between drinking afternoon tea with me and taking a nap, otherwise she would be able to listen to your adventure stories about Cloudsdale as soon as possible, and maybe even pester you to take her with her." Travel to Cloudsdale." Mrs. Josephine smiled slightly.
Qiao Anxin nodded sympathetically, "Miss Ruby" is indeed this kind of "curious baby". If there is a suitable opportunity in the future, you might as well take her to visit Yunzhong City. She will definitely like the fantasy and fairytale scene there. atmosphere.