"It's not funny at all!" Anthony glared at Roland angrily.

"I'm not kidding." Roland looked serious, "Think about it, if the Imperial Government declares a debt default, the price of the bonds in your hands will plummet, and even become a pile of waste paper, rather than losing both sides like that, it is better to accept the Imperial Government's request now and exchange the depreciating bonds in your hands for more liquid gold banknotes." ”

"You give me enough time!" Anthony shook his head impatiently, "If you also hold imperial bonds, you are not in the mood to say such cool things." ”

"Look at what you said...... I'm not the kind of person who just talks about it. Roland opened the drawer, took out a cheque and handed it to Anthony, "Look at this, it has the autographs of His Majesty the King, the Prime Minister, the Chancellor of the Exchequer, and myself, take it to the Central Bank, and you can withdraw the total value of twenty million gold thalers at any time." ”

"Huh? What does that mean? Anthony was a little confused.

"I am a man of my word!" Roland slapped the check on the table, looking like a nouveau riche: "The Far East has abolished the circulation of gold and silver, and the private gold and silver are recycled into the treasury, and it is a waste to pile up ashes, so I decided to make an investment and take out real money and silver with a total value of 20 million gold thalers - equivalent to 30 million gold dug, and ask you Fogel Bank to act as a 'white glove' and exchange all of them for me into gold banknotes issued by the Empire." ”

Anthony was stunned and stunned, and it took ten seconds for him to come to his senses.

"You...... You're not crazy, are you? ”

"Rest assured, I'm more sober than ever at this moment." Roland sneered slightly, his eyes as sharp as knives.

Anthony made eye contact with him and shuddered, convinced that he meant it.

"And what do you want?"

"The face of the gold banknote is 7% off."

"That's all?"

"That's all."

"I just can't understand why you're doing this." Anthony scratched his head with both hands, feeling that his IQ was not enough.

"Frank is my friend, and my friend has received a cold reception for issuing gold banknotes, I can't look past it, can't I support it with money?" Roland asked lightly.

“…… I believe in your evil genius! ”

Anthony wiped a cold sweat and didn't dare to ask any more questions. Despite Roland's tight-lipped lip, he still smells blood and intrigue from this bizarre deal, and what is about to be staged is a dark war involving politics and money, and an errand runner like him really doesn't dare to get too involved, and the more he knows, the faster he will die.

In the early morning of June 18, 1623, Anthony returned to the holy city of Assans from Colasburg on the Fogel family's armed escort airship, carrying with him a large number of gold and silver ingots that prevented him from using teleportation.

Jacob Fogel personally came to the airport to welcome his son's return, boarded the airship and inspected the rows of neatly stacked gold bricks and silver ingots, and the elder Fogel took a deep breath and his eyes flickered.

"Roland, this kid, what a big deal!"

"Yes, it's also because he can trust our Fogel family, so he won't be afraid to accept this money and not do anything?" Anthony said.

Jacob glanced at his son with disdain, "Something that doesn't make a difference!" The real long-term big people don't worry about such trivialities, and you are very different from Roland. ”

"It doesn't matter, I don't have any intention of competing with him anyway, but our Royal Highness the Crown Prince will ......" Anthony shrugged his shoulders and stopped talking.

The stocky old Fogel paced back and forth in the airship cabin several times, and seemed to have finally made up his mind, turned to Anthony and said, "This matter entrusted by Roland must be done, and it must be done!" ”

"Anyway, I'm just an agent who runs errands for others, even if Roland loses all this money, he can't complain about me afterwards." Anthony pretended to smile lightly.

"No, no, no, my silly son......" Old Fogel shook his cigar-like index finger with a hint of weirdness in his smile, "Roland can't lose money on this investment, on the contrary, he is more likely to make a big profit!" ”

"Really?" Anthony looked at his father in disbelief, "The gold banknotes issued by Frank, no one wants them except for the forced apportionment, and if you exchange real money for this kind of waste paper, you won't lose money and still make money?" I just can't imagine it. ”

"What's wrong with the waste paper? As long as someone wants to buy it, waste paper is still worth a thousand gold! "Anthony, you must remember that it is not the material or the appearance of an object that determines the value of an object, or even its use, but whether someone is willing to offer an offer for it, and as long as someone is willing to buy it, even a piece of is a valuable commodity, let alone gold money." ”

"I kind of understand...... Anthony finally got the hang of it, "Roland spent a huge amount of money to buy the imperial gold banknotes, he wanted to speculate on the price of gold banknotes, and drive followers to join the ranks of rushing to buy gold super, so that the gold banknotes purchased in his hand would appreciate at a seven-fold discount, and when the price of gold banknotes soared to a certain level, he would sell the gold banknotes in his hand and leave the market at a profit?" ”

Old Fogel nodded, showing a reassuring smile: "You are not stupid enough to go home after all." ”

Anthony scratched his head and said hesitantly: "This strategy seems reasonable on the surface, but the circulation of imperial gold banknotes is as high as 250 million gold duga, and Roland has invested a total of 30 million gold dugas for the city, and the strength is not enough, and the price of gold banknotes may not be speculated." ”

"Relying on his 30 million gold dugas alone is indeed a little bit worse, but it doesn't matter, there will be 30 million gold dugas entering the market to search for gold banknotes." Jacob Fogel said lightly.

"Oh? Who is so generous? Anthony asked curiously.

Old Fogel did not say anything, but glanced at his son with contempt.

Anthony had an idea and exclaimed, "It turned out to be you!" Our Fogel family is also speculative......"

Under the threat of his father's gaze, he closed his mouth in time, but his heart was pounding so hard that it seemed to be about to pop out of his throat.

……

The Yashan Empire had a long history of financial deficits, and in order to make up for the shortfall, successive governments mostly resorted to "borrowing new debts to pay off old debts". However, this approach of tearing down the east wall and replacing the west wall does not fundamentally repair the balance sheet, but only pushes the financial disaster backwards, and as debt interest snowballs, the doomed disaster will become more and more intense.

In the summer of 1623, the game of "drumming and passing flowers" finally came to an end. At this time, the public held a total of about 200 million gold duggard maturing government bonds, and the deadline for repayment was July 1 of that year.

The hourglass of debt default has begun to count down, and time is running out for Frank.

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