Chapter 152: Opening a Bank and Making a Lot of Dollars

The U.S. government was efficient and efficient, and it quickly passed the approval of the bank.

The bank of Longwu is named Yibai Bank, which is also part of Yibai Group. The bank's registered capital is $1 billion. Banking is available throughout the United States.

On the day of the opening of the bank, Yu Hao and Long Wu stood on the rostrum, and the two of them cut, and then a kind of salute sounded, and the opening was successful.

Long Wu said to the onlookers in front of him to the media and colleagues in industry and commerce, "We have a strong bank, and we not only have a registered capital of 1 billion US dollars. We also have the largest amount of gold stored among private banks in the United States.

Please come with me into our vault and take a tour. ’

The bank with the largest amount of gold in storage. This is amazing, many people are interested in the amount of gold stored in banks, because banks all over the United States have joined the Federal Reserve, and the Federal Reserve issues dollars, claiming that people all over the world can exchange dollars for gold with American banks as long as they have dollars. Only then did the dollar's global credibility be established. This is how the US dollar has become the world's currency.

But having said that, after all, the United States' gold reserves are also limited. If it really comes to the day when the dollar depreciates heavily and the world crisis, a lot of times to run on gold. At this time, the gold reserves of the banks became extremely important. Whoever has more gold, whose bank is safe.

It can be said that gold is the most valuable, stable, safest and most trusted credit guarantee in finance.

When a world crisis arises, people only trust gold. This is also the reason why gold has been used as human currency since ancient times.

Everyone curiously followed Long Wu to the vault.

Coming to the security door of the vault, Long Wu ordered his subordinates to press the password, and then the security door opened with a bang.

The steel plates of the vault are full of gold bricks. Each piece shines brightly. So much gold stacked together. It's amazing. Whole rows and rows are all out there.

'Wow. So much gold. This is the first time I've seen it in my life. ’

'yes. I've seen other banks before. But none of them have so many. I didn't expect that Yibai Bank had so much gold just after it was established, which is really remarkable. ’

'The strength of Yibai Bank is obvious to all. ’

The people who visited were amazed.

Ryugo continued, "This gold guarantees that we can exchange it for you in the event of a crisis in your deposits. ’

'Ahh Ichibai Bank is really strong. Trustworthy. There is so much gold that it is almost possible to use the credit of gold to issue currency. My money is safe to keep here. ’

'yes. There is so much gold. What are we afraid of? Mr. Long Wu, I would like to subscribe for these gold. Banknotes never have gold to retain their value, and no gold is assured. I want my money to be passed on forever. ’

At this time, the visitors all wanted to buy the gold of the dragon five. They can't wait.

Long Wu laughed and said, "Don't worry, everyone. Our business has already begun. You can go to the VIP counter to apply. ’

Ryugo's words had just been finished. Many people were too lazy to visit again and ran to the counter.

These visitors come to the counter.

'Miss, please help me with the gold business. I want to buy $1,000,000 in gold. ’

The bank counter lady is a beautiful woman in a black office suit.

'Hello sir, our gold business is deposited for 5 years at a time. Buy once, and after five years you can withdraw it. Interest will be paid back to you for five years. ’

'Good. I'll handle it. This man is impatient.

I'm going to do it too. ’

At the same time, I have to make a deposit. The credit of Yibai Bank is so high, I can rest assured that I will keep my money with you. ’

The counter lady smiled and said, "We have higher interest rates here than other banks." I'll take care of it for you right away. ’

Because people have witnessed the strength of Yibai Bank, everyone is very enthusiastic to handle business.

In the bank's office, Yu Hao and Long Wu sat opposite each other.

Yu Hao said with a smile. 'Brother Long, you opened a bank. The boss will definitely appreciate you when he finds out. This opened banks to get more dollars than if they were exchanging gold for dollars directly. ’

Long Wu said with a smile, "I've been reading a lot of economics books lately. There's a book that says it's very good. He made an important point. ’

Yu Hao became interested, 'Oh. What is the reason, let's hear it. ’

That is, a capital operation expert. It should be that if you get 1 yuan, you can make a credit of 2 yuan. However, for the master of capital operation in my opinion, it should be that if you get 1 yuan, you can make a credit of 7 or 8 yuan. ’

Long Wu smiled faintly.

'Oh. Brother Long, your opinion is very good. You go on and say, I'd like to hear your insights. Yu Hao continued to ask.

Ryugo continued, 'Let me explain the important role of credit.

Credit equals money, and credit equals wealth.

For example, if you are a trustworthy person, the bank can easily lend you 10,000 yuan. You can rely on your credit and you can have 10,000 dollars to spend.

However, it is difficult for ordinary people to borrow 10,000 yuan by relying on their own integrity.

Generally, banks lend you money based on your assets or jobs.

Assets and work are a person's credit.

And how do I say how to go long on credit?

That is, for example, I have 10,000 yuan, and most people just get 10,000 yuan to buy a car. And then there was none.

Smarter people will use this money to buy a car, then use the car as a mortgage, and then borrow 20,000 yuan.

At this time, he made a credit of 20,000 yuan for 10,000 yuan.

The smarter person bought a car with 10,000 yuan, and then drove the car and told many people that he was very rich and asked everyone to borrow money from him.

He used this car to promote and show off everywhere, and finally made many people believe him. He borrowed 70,000 yuan at once.

This is a master of capital operation. I used 10,000 yuan to make a credit of 70,000 yuan.

Now my father ordered me to exchange gold for dollars. Let's just exchange a piece of gold for a dollar. This is obviously stupid.

And when we open a bank, we can exchange a piece of gold for 7 or even 10 dollars.

In this way, the value of our gold has increased tenfold at once. ’

'The five dragon brothers are really smart. The boss's son is really a tiger father and no dog. We'll do what you say. The boss will be very happy now. ’

Long Wu's words made Yu Hao excited. He also deeply admired Long Wu's genius mind.

Ryugo continued. 'Our banks sell gold products. We're selling it over and over again with this gold. Repeated guarantees, repeated orders for them to deposit money in our bank. Anyway, our banks are safe, and they can't take the gold away. As long as we do everything we can to prevent them from taking the gold. We've been able to generate a lot of credit.

And deposits in the bank can also create double credit. For example, we have increased our deposit here.

We can immediately take out this share of the money and lend, so that two credits are created at the same time. One deposit is increased, and one loan is released.

In short, there are so many benefits to opening a bank. In the future, when we buy assets from other companies, we only use cheques from our bank. This constantly generates credit for our bank.

Other companies receive checks from our bank. Be sure to keep your money in our bank as well. The creation of credit in this way is exponential growth. We can also use the money they have saved to buy other businesses again. ’

Yu Hao stood up and clapped his hands and said, "The five dragon brothers are really powerful. So. Our demand for gold will not be so severe. ’

The home of Li Yibai of the Great Song Dynasty.

Li Yibai gets up very early in the morning, and he usually gets up so early, and his life is very regular. In general, people who do big things have a regular life.

'Husband, you're still up so early. Now that you have Ryugo to help, you don't have to work so hard. Miss Gong Er sat up and said on the bed.

Li Yibai turned his back to Miss Gong Er and looked out the window.

'The construction of our Great Song Dynasty is still in the initial stage, and now I need to be busy with many things, and I can't slack off. I'm going to do it. Or don't do it. I went to brush my teeth first. You can continue to sleep more. ’

Li Yibai came to the bathroom, and he first picked up the water to wash his face. His home has been installed with running water, which is pumped from the West Lake, but it is also filtered through sedimentation. In addition, the people of Lin'an eat West Lake water, and the water quality of West Lake water is very good. So the tap water in his house is very healthy.

Cool water. Sober him up. He then wiped his face with a towel.

'It's so comfortable. He sighed.

After washing his face, he began to brush his teeth. He squeezed a little toothpaste onto his toothbrush. Then soak in water. Finally, put it in your mouth and brush your teeth.

He rubbed his teeth with his toothbrush from side to side.

Soon, a lot of white foam was coming to his lips.

'Gollum' he rinsed again.

'Huh,' he exhaled again.

A lot of foam was washed down the drain.

I took a towel and wiped my mouth, it was so comfortable. He felt a chill in his mouth.

Now his family also uses these new modern products, toothpaste, every day. Toothbrush. They're all used to it.

Li Yibai's family always uses these new technology products first. Miss Gong Er and Li Yizhu both wore high heels. And they've all used cosmetics too.

But Li Yibai has not yet promoted cosmetics on a large scale. Because he usually likes to be a person without makeup.

He knew that in the future, these shampoos, perfumes, soaps, shoe polishes, dish soaps, and shower gels would be promoted on a large scale, so that the people of the Northern Song Dynasty could use them, and at the same time earn a lot of money to build the new Great Song Dynasty.

'Young master, it's time to eat. Xiaoqing shouted softly in the living room.

Xiaoqing's voice is so good, very pleasant. Li Yibai walked to the table and sat down, today's breakfast was milk and eggs, as well as fruit salad.

'I want to eat fritters and soy milk.' Li Yibai said.

'Fritters and soy milk are not healthy. Ivanka came over, holding her hair as she went. (To be continued, please search, the novel is better and updated faster!)