Chapter 1759: Gilded Foam (V.)

"What's so hard about this, leave it to me to solve." "Redhead" John smiled slightly, turning to face the governor, "How old is the oldest employee of the central bank?" ”

The governor was stunned for a moment, not understanding why he had suddenly asked such a strange question, but he answered it truthfully.

"It's an old man in his fifties, he drinks too much, his hands are shaking, and he grinds hard to work, if it weren't for his old qualifications, he would have been dismissed a long time ago."

"Grinding at work? That's great! John Lauer clapped his hands and laughed, "Mr. President, please open a business window at the front desk, specially designed for the exchange of gold banknotes, remember, the central bank only provides this window for the exchange of gold money, everyone has to line up in front of the window, and then you will send our drunkard old man to the exchange window, specifically responsible for the acceptance business, I think with his work efficiency...... Handle up to thirty or forty exchange receipts a day, and then you have to go off work and drink. ”

The governor showed a knowing smile: "According to this efficiency to exchange gold banknotes, I am afraid that many people are impatient to wait in line, and as time passes, the panic in the market gradually subsides, and this run will automatically subside." ”

"That's exactly what I expect to see, Your Highness Frank, what do you think?" John Lauer's lips turned up.

Frank nodded slightly, and sighed tiredly: "This is the only way to use now, I hope there will be no more accidents." ”

With the opening of the exchange window by the central bank, the panic of "Black Friday" on July 30 seems to have become a thing of the past, people's mood has stabilized, and the price of gold banknotes in the market has also shown a slight rebound momentum after falling to a trough, and it seems that everything is changing in a good direction, however, on the evening of August 8, a sudden news from the opposite side of the meteorite ocean reached the holy city, which became the last straw that broke the camel's back.

What Frank is most afraid of now is that the already precarious gold money system will be hit by an unexpected impact again, but unfortunately he is afraid of something, and the accident still happens.

On 8 August, the New World Wilnoa's indigenous sub-giant tribes suddenly joined forces to launch a surprise attack on the colonial settlements, and the Jotunheim Mining Company was the first to bear the brunt of the tribal alliance's attack.

The head of the mining company asked the commander of the local garrison for support as soon as he was attacked, but at the same time, the garrison camp was also attacked by sub-giants, and he had no time to support the mining company. By the time Chancellor Müller and Frank received the urgent letter from the New World, the Jotunheim Mining Company had lost contact with it, and even if it could hold out for a while surrounded by the Horde coalition, the inventory of magic crystals would inevitably be looted, and the total losses would be incalculable if you count the slaughtered workers and the destroyed mining machines. Even if the Empire eventually repelled the Native coalition, the Jotunheim Mining Company would inevitably fall into bankruptcy protection, and it would take at least a year or two to rebuild to recover.

However, the Imperial authorities did not have time to wait for the Jotunheim Mining Company to turn the tide, as soon as the news of the company's siege by a coalition of indigenous tribes spread, the gold money secured by the company's assets would immediately fall to the bottom, and even if Prime Minister Muller reaffirmed his original promise a thousand times, people would not be foolish enough to believe that the gold money in their hands could be exchanged for the same amount of magic crystals.

What will happen after that?

The more Frank thought about it, the more he shuddered.

After meeting with the Count of Müller overnight, Frank had to make a passive decision: block the news and wait for a turnaround!

The Aboriginal riot in Jotunheim on August 8 was an accident for Frank, but it was expected in Roland's eyes. In fact, he had been waiting for this day for a long time, and even sent troops a week in advance to prepare a radio program that would report live on the "Jotunheim riots."

On the day of the riot, Roland went to the broadcast studio and used the magic guide radio to keep in touch with the two "front-line correspondents" who were at the scene of the riot, Antron and Eurome, to broadcast the local conflict to the listeners and friends who were watching the incident in front of the radio at any time.

It is important to note that the listeners to this episode were listened to by the radio not only the local inhabitants of the Far East, but also a large number of listeners from the interior of the empire, including Palatina - and speculators in the gold market.

Although the Reich government had done everything in its power to block news of the Jotunheim riots, and the domestic newspapers were not allowed to report on them, this blockade was so devastated in the face of the invisible "Magic Broadcasting Network" that it could not prevent the truth from being exposed.

On this turbulent evening, countless people were listening with bated breath in front of the radio one moment, and the next moment they suddenly jumped up like crazy, grabbed all the gold money in their homes and rushed out of the door, hoping to spend it all in the shortest possible time, no matter what they bought, as long as they could buy valuable goods.

On August 9, a panic frenzy even more violent than Black Friday on July 30 swept through the Holy City, and then quickly spread to cities and towns across the country. The upheavals in the New World were already unstoppable, and were successively exposed by the "Voice of the Far East" and the newspapers of Canaan, Fijin, Hailan and other countries, and the rumors spread more and more fiercely, so that most people in the interior of the empire were convinced that the Jotunheim Mining Company had fallen into the hands of the barbarians, and the imperial government seemed to be unable to regain the asset. Now that the Jotunheim Mining Company no longer exists and can no longer produce magic crystals for the Empire, who still believes that the Imperial Gold Bills can be exchanged for the magic crystals produced by the company, will they not become the No. 1 fool in the sky!?

No one wants to be a fool, so naturally, everyone tries to throw out the gold money in their hands, even if they can't exchange it for magic crystals, they can't exchange it for real money, even if it's just for the necessities of life such as flour and cloth that retain their value.

An unprecedented financial storm raged across the empire, and the financial system was the first to bear the brunt of the storm, with a nationwide run dealing a fatal blow to the banking industry, the collapse of small and medium-sized banks with relatively weak capital, and the emergence of industry giants such as the Fogel family bank.

The financial turmoil soon spread to the industrial sector, triggering an even more violent economic crisis. With the sharp depreciation of gold money day after day, the inflation rate has also risen all the way, everyone is rushing to buy daily necessities, and the price of flour has become a weather vane, and the price has tripled in just one week, which is still in short supply.

The depreciation of banknotes and the skyrocketing prices of daily necessities have weighed on the shoulders of business owners, and the cost of production activities has skyrocketed, forcing them to lay off their workers and temporarily suspend their businesses. This in turn increased the number of unemployed people in society, reduced the supply of goods, and further exacerbated the economic crisis.

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