Veronica, Lyudmila, Nikita, Antron, and Eurome have returned, and the news of Roland's hunch further confirms Roland's premonition. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

"The streets and alleys are full of people queuing up to shop, and the situation is the same in Yihuili, where people rush to buy all kinds of daily necessities like crazy." Lyubov's face was heavy, even if she did not understand the laws of social economy, she intuitively felt that something was wrong.

Nikita brings the same bad news.

As a matter of fact, as early as yesterday when Maximian issued his ultimatum, the stock exchange floor was detonated, and the reaction of financial capital was far more acute than the price of goods in the market; the trading price of bonds issued by the authorities of Baiou Port plummeted, and the trading prices of promissory notes, bills of exchange, and stocks issued by the Yangbo family banking group and its subsidiaries plunged, and all kinds of signs expressed the pessimism of the securities market.

"What we saw in the bill trading floor was a crazy scene, everyone was trying to sell the securities in their hands to each other, the price was incredibly low, I bought a lot of short-term bonds, spent a total of 300,000, and it matured at the end of the month, if the Yangbo family is not finished by then, these bonds can be cashed out at par price, and we can get 100% of the return."

300,000 gold coins become 600,000, you only need to wait for two weeks, is this a good deal for pie in the sky? If you consider the huge risks of this deal, the pie can turn into a bomb at any time, and if the Yangbo family can't bear the pressure to declare a debt default, these paper riches will be turned into a flash in the pan.

The catastrophe is imminent, and the conditioned reflex of financial capital is to withdraw and flee, which is reflected in all kinds of sell-offs and all kinds of bearishness in the securities market, and everyone wants to exchange the pieces of paper (financial products) in their hands for real money to hedge against risks. There are very few "speculators" like Nikita who have the courage to take risks against the trend, and the price of bond bills has naturally plummeted.

"Hehe, guess who I saw on the bill trading floor?" Nikita suddenly smiled strangely.

"Katya?"

Miss Mage snapped her fingers, "Guess right!" So guess what she's doing in the bill hall? ”

This time, Roland didn't even have to think about it, "I was ordered to save the city and calm the people." ”

"Nasty! How do you know everything, there ......is no surprise at all," Nikita gave him a depressed look, "Katya is also buying bonds, although she persuades everyone not to panic, the Yangbo family guarantees to honor all the bills issued, but I think she is also at a loss, this situation continues, and the bank will be hollowed out in a few days." ”

"Miss Nikita, I can't figure it out, aren't bonds, promissory notes, certificates of deposit, etc., receipts of deposits? People keep real money in banks and get the same amount of bills, how can the bank go bankrupt because of the run? Urome asked timidly.

"Who told you that all the real money is in the bank?" Nikita looked at the innocent little girl with a smile, "Did Antron say that?" If it's really what he said, you'd better dump him immediately, after studying business for four years, you dare to say this kind of thing, it can only prove that this kid is a thick-faced and black-hearted lying expert, if you are not careful, you will sell you one day and count the money for him. ”

"I never said anything like that!" Antron hurriedly shouted injustice.

"Then you can explain to Eurome why the banks are afraid of runs."

"Ahem, this is actually very simple, if the bank is only engaged in the business of absorbing deposits, then when it is cashed out, it will be returned with interest, and it is determined to lose money, so it is impossible for the bank to lock the depositor's gold and silver in the safe, but to take it out to lend, as long as the loan interest rate is higher than the deposit rate, the bank can sit on the interest rate difference and get income," Antron helped his glasses, and then said, "The loan income is positively correlated with the loan term, and many loans are three or five years after they are released, but fortunately, most depositors usually do not concentrate on withdrawals, Therefore, it is enough to keep a position on the bank counter to deal with the daily withdrawal needs, if there is a large amount of withdrawal, the position is insufficient, you can borrow from the same bank, in general, the problem is not big, I am afraid that there will be a panic situation that spreads throughout the city, people or in order to cope with the soaring prices, or worry that the city is being ransacked by pirates and plan to flee in advance, and need to withdraw the deposit immediately, so a large number of depositors concentrate on withdrawal, the bank counter position is seriously in short supply, and the same industry is also facing the same crisis, no one can take care of who naturally cannot lend, Then the payment can only be suspended. ”

"That's right! When we came back, we passed by two banks, and they all posted notices that they were closed......" said Orome.

Antron sighed, then continued: "The kind of small banks with limited capital cannot withstand the pressure of runs, and the suspension of business will only deepen people's panic and make the run even more crazy." ”

"Banks can go to borrowers, and if they withdraw the loan early, won't they have money to pay off their deposits?"

"It's not that simple, once money enters the circulation field, it's like a river entering the ocean, where is it so easy to recover?" Nikita continued Antron's words and explained: "Many of the borrowers are business owners, and they have already taken out loans to buy raw materials and pay workers, and the goods produced have not been sold, and what will they do to repay the loans without receiving the money? Is it to use products to pay off debts? The bank collects a bunch of iron pots from the factory to pay off the debt, and then sends a few pots to the depositors to settle the deposit, you are a depositor, can you accept it? ”

Ou Luomei shrugged her shoulders and pouted, "Of course I can't accept it, I will be so angry that I will smash the pot along with the bank counter." ”

Nikita smiled faintly: "You just wait and see, if the current situation does not improve, the pots of financial institutions in the city will be smashed." ”

"I still couldn't figure it out just now, but I'll understand when I hear you say that." Veronica touched her chin thoughtfully, "I've been around the black market, recently there are a lot of employees from factories and shops who have come to the black market to promote their products, it seems that they are eager to cash in and don't want to be known, the black market is usually a place to collect stolen goods, why is there a sudden influx of legal goods?" It seems that the factory owner was forced by the bank to find a way to dispose of the inventory as quickly as possible in exchange for cash to pay off the loan. ”

"Why do you go to the black market when you deal with inventory? Isn't it okay to sell at a low price openly? Lyudmila wondered.

"The transaction between the upstream and downstream channels of the factory enterprise is not cash instant settlement, the debt relationship between mutual credit is very complicated, and it is often settled at the end of the year, which is the so-called 'settlement after the autumn', and now the public sale is equal to the release of the signal of poor management.

Roland's voice fell, and a red glow appeared in front of him. He reached out and touched the magical energy embodied in this "text message technique", silently receiving the information contained, and then couldn't help but smile bitterly.

"I'm afraid Lyubov won't be able to hold on, I have to hurry to Geert's Palace." (To be continued.) )