Seeing that things were already going as he had anticipated, Hugo went on to claim in the media that the Royal Bank of England had fifteen million gold francs in liquidity before borrowing from the Ross National University.

Because of the large borrowing from the Russ country, and because of the cash withdrawals of himself and other large customers, in fact, the Royal Bank of England has no liquidity now.

This sentence is clearly intended to be a public declaration that if you do not withdraw your money in the Royal Bank of England now, it will never be exchanged.

As a result, the Royal Bank of England has seen runs on branches across Europe, both large and small.

Even in England, the run on local residents far exceeds that of the rest of Europe.

This is to be expected, given that England is home to the Royal Bank of England, and there are naturally more depositors than elsewhere in Europe.

"This damn Hugo!" Looking at the newspaper report on the Royal Bank of England, Winston was so angry that he had the heart to swallow Hugo alive.

But in the face of the current run on the boom, Winston did not dare to take it lightly.

Because it is clear that this is the conspiracy of Hugo, and one might even say France.

Originally, the Royal Bank of England had sufficient funds, and even after making a large loan to the Russ State, as long as there were no big customers, the Royal Bank of England would be able to cope with it in a short period of time.

In Winston's original plan, when Tianzhu returns to the embrace of England again, the problem that the Royal Bank of England has to face will be solved.

In fact, although Winston had complained about his reluctance to borrow heavily from Rus'. But when it came to Tianzhu, the Royal Bank of England still lent out the loan.

Because the Royal Bank of England itself has a huge interest in Tianzhu.

In Tianzhu, the Royal Bank of England has fixed assets of no less than 30 million gold francs. But these assets have now been confiscated by Da Zhou, and the Royal Bank of England naturally has no income in Tianzhu.

Therefore, for the sake of the Royal Bank of England's own interests, Winston gritted his teeth and took out a loan worth 10 million gold francs to the country of Rus.

This includes almost half of the Royal Bank of England's funds.

At this time, Winston never imagined that the revenge of the Bank of France would begin like this.

There is a run everywhere, and there is distrust of the Royal Bank of England everywhere.

Even though Winston publicly declared that the Royal Bank of England, the central bank of the British Empire, had no less than 20,000,000 gold francs worth of gold reserves, the run on the bank did not abate.

Even, compared to the past, the current run is more intense.

All this is because of Hugo, because after Winston announced this, Hugo announced in the media that the Royal Bank of England's gold reserves were very sufficient, but with the occupation of Tianzhu by the Great Zhou, all the investments of the Royal Bank of England there were lost.

Hugo even exaggerated that the fixed assets of the Royal Bank of England in Tianzhu were no less than 60 million gold francs, which was fully doubled.

In front of the media, Hugo boasted: "The Royal Bank of England, as the central bank of the English Empire, has gold reserves of more than 20,000 gold francs, which I have never denied."

But think about it, if so many gold reserves are just kept in the warehouse, how can money be made? How do I pay you interest?

So with the expansion of colonial industry in England, the Royal Bank of England made massive investments around the world. Of course, the biggest investment among them is Tianzhu.

Now, Tianzhu has been captured by the Great Zhou, which means that the fixed assets worth 60 million gold francs invested by the Royal Bank of England in Tianzhu have been completely lost.

Let's do the math again, even if Tianzhu's investment only accounts for half of the Royal Bank of England's overseas investment, then the Royal Bank of England's overseas investment has reached 120 million gold francs.

And the reserves of the Royal Bank of England are only 20,000,000 gold francs, and 10,000,000 gold francs have been lent to the Rus' country. ”

"Here, I dare to assert that the actual gold reserves of the Royal Bank of England are now less than fifty million gold francs!"

Seeing that Hugo said so firmly, the reporters believed it for a while, so they started a new round of large-scale reporting......

"This damn Hugo, the Royal Bank of England's gold reserves are 150 million, where is 50 million?" In the face of Hugo's exaggeration, Winston also fought back.

But Winston's counterattack seemed so isolated that no one believed it.

A reporter even asked: "If the Royal Bank of England really has gold reserves equivalent to 150,000,000 gold francs, then why hasn't the Royal Bank of England come up with a concrete plan in the face of the current run on the boom?" ”

"In fact, the Royal Bank of England only held a shareholders' meeting yesterday. At the meeting, shareholders unanimously approved a decision that from tomorrow, the Royal Bank of England will make good on its promise that all Royal Bank of England customers will be able to exchange cash at its branches from tomorrow. ”

"It's just a ploy by Winston!" After receiving the news of Winston's speech, Hugo said in front of the media: "Winston said this undoubtedly to reassure the depositors and relieve the pressure he is now facing. ”

"Think about it, if the Royal Bank of England has enough gold reserves now, why did it wait until now to start exchanging cash for depositors?

You know, it's been seven days since the run broke out.

The fact that the Royal Royals of England are only now reacting is undoubtedly showing us that, in fact, the Royal Bank of England's gold reserves have long been at a point where they cannot be revealed.

The reason why cash is only now being exchanged with depositors must be because the Royal Bank of England has borrowed heavily from other banks. Winston must be on the move these days, which is why he is so late to react. ”

"Slander, this is utter blatant slander!" After Hugo's words were put forward in the media, Winston said with some irritation: "As the central bank of the British Empire, the Royal Bank of England has gold reserves that are unmatched by any bank in the world." ”

In response to questions from the media, Hugo smiled: "The Royal Bank of England does have the largest gold reserves in the world, but it is clear that the gold is not in the treasury of the Royal Bank of England......"