"Ninety percent of the imperial government's banknote issuance reserves were originally blown up, congenitally insufficient, and the gold and silver recovered from the banknotes have already been spent, and the market price of gold banknotes has been speculated over and over again, and it has long been a lot higher than the price when it was first issued, and the asset prices on paper are like a sharply inflated bubble, which has greatly exceeded the acceptance capacity of the Imperial Bank, and once the bubble bursts, it will inevitably trigger a financial storm that will affect the whole country!"

"Unfortunately, Roland threw out the gold money in his hand at this critical moment, which sounded the horn for this storm, and countless people will lose all their wealth in this storm, and the wealth accumulated in half a lifetime will turn into ashes with the bursting of the gold money bubble, and everything will be irretrievable......"

Old Fogel's murmur was like the curse of death, and the words were thrilling.

Anthony wiped the cold sweat that unconsciously soaked his sideburns, and asked old Fogel with a trembling: "Dad, what should we do?" Do you really want to follow Roland's instructions and sell these gold bills that are enough to shock the market and ignite the fuse of the bomb? ”

"Why not? The most important thing for us to do business is to be trustworthy, and the power of attorney signed by the customer is here, why not execute it? Old Fogel looked serious.

"But...... This will cause great harm to the country. Anthony's weak defense.

"The country? Whose country? Yours or mine? Aren't you a naturalized kid in the Kingdom of Kolas? Who is qualified to talk to me about these so-called 'patriotic' nonsense! Old Fogel admonished his son with a blank face, "Remember, my child, we are financiers - financiers have no homeland!" ”

"I became a naturalized citizen of the Kolas Kingdom, that is to bet on both sides, the center of gravity of the family is still within the empire, our Fogel family is the natives who have lived in the Assanian Empire for generations, is it really not considering the interests of the country at all?" Anthony still can't get over the hurdle in his heart.

"The National Interest?" Old Fogel smiled coldly, his eyes full of sarcasm, "Why didn't Frank and Muller and others think about national interests when they were uncontrollably over-issuing gold bills?" They pointed to pieces of paper, insisted that this was money, and used coaxing methods to sell these paper money of insignificant value to the people of the empire, taking advantage of people's speculative psychology, greedily grabbing the wealth of the people, how could they have considered the interests of the country? Do you know how much personal benefit the bureaucrats of the Cabinet and the Central Bank have made by issuing paper money? The public funds that they embezzled were originally national wealth, which should have been used to create more welfare for the people, but now they only fatten themselves, what these moths do can be called safeguarding national interests? In this country, where both the government and the opposition are extremely corrupt, why should we ask a powerless businessman like me to come forward to defend the interests of the country? Whose interests are the so-called national interests? Who can represent the country? Bureaucracy, aristocracy, royal or church? What's in it for me to stand up for the interests of this group? ”

"Daddy...... I'm sorry, I was so naïve. Anthony barely suppressed the tearing pain in his heart, and asked his father in a low voice, "What are we going to do next after selling Roland's gold money?" ”

"Isn't that obvious?" Old Fogel tugged at the corners of his lips and let out a nervous smirk, "The next thing is, of course, to sell our own gold money, and after that...... Even if the flood is monstrous, it's none of our business. ”

……

In the evening of the next day, Roland received a message from Anthony from the holy city of Assan, that the Fogel Bank had executed his proxy and sold all the gold notes held on his behalf at the market price.

Roland vaguely remembers that he bought a gold note with a face value of 100 ducads at a price of 70 gold dugs last year, and now sold them when the value appreciated to 210 gold dugades, making a double profit back and forth, with a total of 90 million gold dugahs with interest. According to the requirements listed in his power of attorney, two-thirds of the above gold notes were exchanged for magic crystals, which were transported back to the Far East on the same day by borrowing the armed airship of the Fogel family, and the remaining third was paid in gold and silver, which was temporarily deposited in the Fogel family bank.

"What are you doing in the Empire with such a large sum of money? Don't worry about accidents? Anthony couldn't help but be curious to inquire.

Roland smiled and sent him a magical text message back: "In fact, I am waiting for the day when the accident happens, and the money will be used to deal with the aftermath. ”

What exactly does the so-called "aftermath" mean?

The more Anthony thought about it, the more frightened he felt.

Friday, July 30, 1624, was a nightmarish day for the holders of the gold money of the Assanian Empire, leaving an irreparable scar on their memories for the rest of their lives.

There is no "gold banknote" on the stock exchange in the holy city of Yassan, and speculators can only conduct "over-the-counter transactions" in cafes and small hotels near the stock exchange. From morning to night, the streets are mostly filled with gold speculators, and over-the-counter trading has its own rules and customs, where market participants have developed a good skill of hearing and moving, and are not inferior to professional traders in terms of sensitivity to price changes.

Last night's drizzle continued into Friday morning, with clouds and drizzle hanging overhead, the air surprisingly humid and muggy, and the smell of liquor and tobacco in the crowded taverns, making it difficult to breathe.

For a whole year, there has been a consensus among those who hang out on the banknote market that every morning when they wake up, the price of gold banknotes will definitely rise from last night's close. However, this morning was somewhat unusual, as the year-long rally in gold banknotes came to an abrupt end without warning, with several big sellers selling gold bills at lower prices than yesterday.

Veteran knowers that these big sellers are actually agents of the Fogel family bank, who can wholesale gold notes at cheaper prices and resell them to retail investors to make the difference. The phenomenon of voluntary price reduction is unprecedented, and they seem to be in a hurry to get rid of the backlog of gold money in their hands and exchange it for real money.

At this time, the dominant force in the market was still buyers, and the slight drop in the price of gold banknotes did not arouse the alarm of retail investors enough, until the afternoon of the same day, when the face value of 100 gold banknotes had fallen below 200 gold thalers, people suddenly woke up to the fact that the situation was not good!

Looking back on the turmoil in hindsight, it is easy to see that the big sellers who sold gold banknotes that morning were the trigger for the collapse of the gold banknote market. And the gold banknotes they were eager to get rid of, including the 30 million that Roland entrusted to Old Fogel to hold on his behalf, in addition to the gold banknotes held by Old Fogel himself. The total face value of these gold banknotes was nearly 90 million gold duga, accounting for one-eighth of the total amount of gold banknotes issued by the Imperial Central Bank, and all of them were sold in one day, as if the "alarm" was sounded in this irrational and prosperous market, and the price of gold banknotes changed from rising all the way to turning down.

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