It's February '92, and the collapse of the Soviet Union is news of the past.

Whether it's Russia, Ukraine...... These non-magical nations, Gringotts in Europe and Gringotts in the Americas, have all started their new chapters with great ambition and are busy with work this New Year, just after Christmas.

However, at this tense and hectic juncture, a well-known cautious and dedicated deputy head of Gringotts' investment department left his post for the first time and came to the door of the archive located deep in the venture capital department of Gringotts.

Bao Ge took out all the investment reports that had been filed in the past few months, and spread them out in the open space in front of him one by one, looking for something in a restless way, and when the elf elders who made daily rounds came over, the empty room in front of the archives was already covered with dense documents, like a terrifying white spider web.

The goblins guarding the archives did not stop Bogo's absurdity, but almost all of the goblins present frantically helped unpack and organize the files, calculating and placing the white files according to some strange logic.

"Bogo, what are you ......?"

The old elf elder frowned, and before he could finish speaking, he had already clearly seen the stack of special file reports piled up next to Bogo - Gringotts would mark all the investment projects that were determined to be abandoned with a touch of black on the side to indicate that they would stop following up, and the pile around Bogo was almost about to form a black curtain wall.

"Your Excellency Elder, our investment plan in the former Soviet Union has been sniped in advance by mysterious forces......

According to Gringotts's previous operating logic, as a middle and high-level manager, whether it is Douglas, Bogo, Leos...... will not be exposed to the business that is directly evaluated and abandoned by the low-level goblin employees, which is also to improve the efficiency of the investment department.

Typically, they will only deal directly with investments that will be profitable, and identify failed projects that are losing money, and those that deviate too much from the preset target of the venture capital department will be blacked out and piled up in the archive.

There are various reasons for these abandonments, such as the proportion of price fluctuations exceeds expectations, the subject matter has been frozen and mortgaged by its own capital in the process of value assessment, there are disputes over the type and form of payment currency, and there is a high risk of ambiguous market attitudes.

It's just that the proportion of the number of abandonments is a little too much......

If it weren't for the collective intellectual degradation of the employees at the bottom, then there must have been a huge mistake in one link to form such a phenomenon - in fact, according to the past, this situation would have affected normal business a long time ago, but because the blank market left over from the former Soviet Union was too large, these abandoned files would not have an immediate impact.

Leos only hesitated for a few seconds, then waved his hand behind him with a sharp look in his eyes.

"Come on, go and help Deputy Director Bao Ge to find out all the investment letters of intent that have been marked for abandonment since October last year, and summarize all the reasons for this!"

There is no doubt that European Gringotts has been subjected to tough sniping.

The war, which began in advance.

On the evening of the same day, the Gringotts Elven Council of Elders, as well as the senior personnel of Gringotts' core institutions, gathered in a huge conference room to announce the news - the most likely people who know how to exploit this "abandonment mechanism" loophole to attack are the American elves who have also used this operating system.

Judging from the final feedback results, the main premium and the initiative to compete head-to-head with Gringotts are mainly the use of US dollars, Zhuo Guo (American gold galleons) and other forms of manipulation. Thankfully, since Bogo discovered early, Gringotts only needed to continue to invest more and raise the budget threshold to make these small schemes unruly.

"There are currently too many entrants wandering around the former Soviet market, and it is difficult for us to track the flow of funds from each side, but in view of this situation, the Council of Elders has already had a contingency plan, comprehensively relaxed the risk review level, and sucked in a large amount of loans and loose money in the non-magical market, releasing the gold Galleon reserves, and impacting the exchange rate exchange rate of Zhuo Guo - suspend profits!

With the promulgation of the Financial War Order, Gringotts was like a well-structured war machine, with every elf employee and department working as a tightly knit cog.

Some of the slightly older goblins are no strangers to such situations.

Capital pursues profits, but the real terrible state of capital is to completely ignore short-term interests, use money to actively create losses, and turn all zero-sum games into the most crude and primitive games.

This is not uncommon, as long as it is certain that the opponent has fallen into the vortex first, according to the countless verifications of history, the Gringotts Wizarding Bank, with its huge cash flow and coinage power, will always be the last to survive.

By this time, the study of local gains and losses has lost its meaning.

Gringotts only needs to keep raising prices, buying, borrowing, sucking up, and releasing gold, and there may be occasional failures, but the other side will definitely pay a more painful price, and no one will pay attention to the abandoned projects in the past, and no one will sort out the increasing losses on the income statement.

It is clear to everyone that the figures of losses and liabilities mean nothing until the final settlement, and if there is one thing that really matters, it may be especially important to hold the right to burst the financial bubble.

And for European Gringotts, this can be said to be an almost inevitable battle.

Before digesting this non-magical windfall, the goblins in the Americas will definitely not have as much capital at their disposal as the headquarters of the European Gringotts Wizarding Bank, in other words, their "blood bar" will be much shorter than that of the European elves.

Therefore, after the analysis of senior goblin investment masters such as Leos, there will only be two final results.

First, the American goblins could not support this tragic "currency grinder", and chose to use the market share advantage they had in the first place to puncture the false prosperity of the ruble in advance, form a currency shrinkage in a short period of time, and earn capital to leave.

Second, the headquarters of Gringotts Wizard Bank, through the capital investment regardless of the cost, gradually controlled the profit and loss reversal button, and quietly waited for the American elves to come out to clean up the mess because of the broken capital chain, the debt exploded, and the final winner was eaten.

......

Meanwhile, inside Hogwarts, the Defence Against the Dark Arts professor's office.

The same conversation and analysis rang out in this "ominous place" not long after the change of owner, and Elena quietly helped the old man analyze the situation while eating the fresh black caviar that Grindelwald brought back from Ukraine.

"I still don't understand, little girl. ”

Grindelwald rubbed his brows, trying to digest Elena's just-concluded "financial literacy" class, his wrinkled face full of confusion and worry.

"Since everything is profited by the elves, doesn't that mean that we are all giving money to the elves these days?"

"From the current situation, it seems like this...... After all, this is the most basic law of capital plundering, gathering enough chips, manipulating the free market, and reaping dividends to exit perfectly...... It's a classic technique that has been repeated countless times. ”

Elena nodded nonchalantly, carefully licked the silver spoon in her hand, and whispered.

"But...... The above two points, and even countless points, must be built on a very important premise. ”

The girl sat at the desk, her calves kicking in mid-air, gently shaking the spoon in her hand.

"Whether it's depreciation or appreciation. Money must still be a currency – in other words, it needs to ensure that it is still a special commodity that exists in the market, and not ......"

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