Chapter 983: Capitalism Doesn't Die!
The Church reinforcements, which some people had high hopes for, were now in a strange and embarrassing situation.
"We don't have enough money to buy ships, what! Meaning!! Pastor Gorilla Teblantan asked with a shrill voice that was completely inconsistent with her identity and status, making the priest in front of her look a little embarrassed.
"Literally, Lord Sharela, we don't have much money in our hands, and the price of ships and timber has skyrocketed lately! But the orders for all shipyards in the coastal areas are still full, and many of them are scheduled for two years! The priest in charge of the wealth of the Vorking Church explained in a cold sweat, "And we signed bills of millions of gold coins in the mercenary guild in order to hire those warmongers, and those applications for withdrawals ......"
Sharela's face grimaced, falling silent.
As one of the 'Five Fierce Women' of the Wojin Church, Sharela Tebrontan did not have a peaceful journey on the road to the election of the Holy Coin Lord, especially because of the humiliation in the Far South, which has been criticized for a long time.
Fortunately, several other competitors have not been smooth sailing recently, and everyone is standing on the same starting line again.
This may be good news for Shareira herself, but when you zoom in to the entire Oaking Church, it's a tragedy.
It was as if there was a large invisible hand enveloping the entire Old World, constantly manipulating the transfer of wealth while also weakening the power of Lady Waukin's power in the material realm.
Banking is the core business of Oaking Church, and Fortune Temple has been working hard to promote the banking model in recent years, an idea that was originally proposed by a little-known pastor, but the upper echelons of Oaking Church immediately recognized the vast market behind the idea.
The scattered temples of wealth were in fact providing similar services, but they were never formalized or chartered, and it was up to the pastors of the temples of wealth to control them.
Most of the deposit and lending business took place between businessmen who had a good relationship with the local Fortune Temple priest, but the spread of banking extended this behavior to everyone who had access to the Fortune Temple.
As the goddess of business and wealth, Ms. Waukin's actions that contribute to business and increase her wealth will make her stronger.
So, in the eyes of the merchants, Lady Waukin's status was exalted, and her priests had a high enough prestige that the Temple of Wealth had a good foundation.
Barasta Serriès, who was in charge of the banking project, not only amassed a huge amount of personal fortune in just a few years, but also became the most powerful contender for the next Holy Coin Owner because of this project.
Over the past two years, the banking program has provided countless deposits to the Temple of Fortune everywhere, and at first acquaintances were businessmen who tentatively deposited some of their fortune into the banks of the Temple of Wealth.
Then the blood-licking adventurers, the transcendents with vast wealth in their hands, were definitely the toughest middle class of the era, and Barasta Thiriers offered them up to three percent annual interest, which was an absolutely groundbreaking feat.
In the previous thousands of years, there had never been an institution or power that would provide interest on deposits, which was obviously a huge shock to private capital, and many ordinary people began to deposit their accumulated wealth into the local temple of wealth.
In the process, the loan business also spread quickly, and a large number of transcendents were still the first to embrace the concept, many warriors who happened to be short of money for weapons, spellcasters who needed a lot of money for the next experiment, or mortals who wanted to become transcendental, could rely on real estate collateral for loans.
To be sure, the transcendents are by no means the best borrowers in the hearts of the banks, because their mortality rates are very high, much higher than that of mortals, and they always have many transcendent friends who do not approve of the principle of paying the debts of the father and the son.
Moreover, many extraordinary people with a low level of education will signal that they will refuse to repay by force, and of course, there are also some spellcasters with a high level of education who will exploit the loopholes in the loan contract, and the difficulty of collection is equally high.
As a result, in less than two years, the Waugold Church has developed its own military organization composed entirely of transcendents - the Armed Collection Department, whose members are mostly composed of transcendents who are unable to repay and are not strong enough, and of course, there are some free transcendents who are completely aiming for high commissions.
In the past two years, the biggest mistake of the lending department was to give a loan of 150,000 gold coins to a berserker of level seventeen, and the purpose of the berserker's loan was to buy a magic battle axe that could greatly offset the aftermath of madness.
To this day, the berserker who was unwilling to pay back a penny remained at large, and all the collection teams refused to carry out the collection mission against him.
But those happy days are in the past tense, and now in front of Sharela and the other Pastor Shangjin is a roster of seven thousand people, all of whom are transcendents, all of whom refuse to repay the loan agreements they once signed.
The more serious problem is that it has spread to the entire Old World, involving 45 temples of wealth, as many as 35,000 people, and a total amount of 6.9 million gold coins to withdraw applications.
Sitting in the center, Sarella Teblontan and the other four sisters who are anxious know of how big the storm is behind this.
Of course, 6.9 million gold coins could not kill the Vorking Church, but the recent expenditures of the Vorking Church are very large, their foreign investment is also very large, and their loan business is also developing rapidly.
All in all, Woking's cash flow is running low.
"How can so many people come to withdraw at the same time?" Shareela frowned and looked at the bills that filled the room: "How can so many people refuse to repay the loan at the same time?" ”
"You can ask the priests below to communicate with those businessmen who are familiar with each other, ask them to postpone withdrawals, give us a few weeks to breathe, and the problem will be solved." An expert beside Sharela said cautiously: "It will only take a week at most, and there will be a sufficient surplus in the accounts of various places." ”
"That's a viable solution, but you know for sure that if someone deliberately rumors that the Temple of Fortune is out of money at this time, their savings will probably not be able to be withdrawn, and there will be a big run on it, right?" Sharela's eyes flashed with a cold light: "Mr. Player? ”