Chapter 488: A Threat from the Fairies
Money, which is the most direct expression of modern warfare.
It is both a fuse and a catalyst, and it is both a cause and an effect......
The outbreak of the First World War directly destroyed the last order of the precious metal standard, and also opened the era of the credit standard currency - a new form of currency monopolized by the central bank authorized by the state as a guarantee of national credit, which is the so-called paper money standard, mainly relying on people's confidence in the government to maintain a relatively stable currency value.
Whether it's dollars, rubles, pounds...... It is now a credit currency that is detached from any equivalent exchange.
You must know that before that, standing behind the ruble currency was a behemoth composed of a total of fifteen union republics, including Russia, which occupied more than one-sixth of the total area of the world.
The monetary credibility of the ruble can be said to be the most solid presence in the world, and there is no one.
However, once the current Russian President Boris Yeltsin issued those presidential decrees, and the Central Bank of Russia took over the National Bank of the Soviet Union and took control of the currency of the ruble, everything was completely different.
Perhaps in a short period of time, the currency market within the Soviet Union will not be greatly impacted, but it will be an extremely fatal blow to the value of the ruble in the foreign exchange market - if you use a less appropriate analogy, it is like in later generations of online writers, if the eagle owes a hundred chapters, everyone will still have a trace of confidence before the completion of the book, but if the object of the guarantee suddenly changes from an eagle to a round-faced fat chicken overnight, then ......
All in all, it was a nightmare disaster for the goblins who hoarded rubles in large quantities.
When the news was received, the entire Gringotts Ventures department was as silent as a grave.
All Gringotts goblins are well aware that once this news materializes, more than half of the huge ruble reserves held by Gringotts Wizarding Bank will evaporate overnight - and this is still a theoretical, optimistic scenario.
There is no economic game, and there is no leverage bubble......
Even where the enemy is and where the beneficiaries of the funds are, it is not entirely there......
Their money is gone......
Gone...... Gone......
Gone......
For the Gringotts elves, who value money more than their lives, they have almost lost more than half of their lives.
"The inertia of history is really strong and difficult to reverse, and what should have happened has finally appeared on time. β
Elena's eyes flickered, and she glanced thoughtfully at the old elf who was lost in thought.
If everything was still in a state of dust, then as soon as Yeltsin's statement was issued, the woolly bear's coffin board would have almost been closed - the rest was just to hammer nails around the coffin board.
However, given Gringotts' current size, it would be a massive hemorrhage at best.
According to Elena's calculation model, at this point in time, the success rate of wanting to take this opportunity to meddle in Gringotts is not too high - in the face of the biggest black swan of all time, it is too dependent on the courage and imagination of the elves.
"So, Elder Leos, have you thought about it?"
Elena didn't give the goblin much time to think, just waited a minute or two before breaking the silence.
For her, it is enough to know that history is still rolling on the same track, and she will never rashly try anything that could cause waves unless she is offered a sufficiently tempting benefit.
After a slight pause, Elena shrugged her shoulders and smiled understandingly.
"For the sake of the friendships we've worked with, I'd suggest you actually go back to Gringotts and discuss it before you come here for helpβafter all, this is a major turning point for Gringotts' survival, and it doesn't hurt to be a little cautious. β
"No, I've got it all right. β
The old fairy elder was silent for a moment, then suddenly grinned and shook his head.
There is no doubt that, as things stand, wizards have only a lot more information than they do in Gringotts, and to continue with the previous bluff and confusing logic will only make themselves like ridiculous clowns.
Thinking of this, Leos subconsciously glanced at Albus Dumbledore, who was still curious not far away, and although the smile on his face did not decrease, he still couldn't help but spit fiercely in his heart.
Albus Dumbledore, this wizarding old man, is really bad!
What a wicked and hypocritical wizard who knows everything, but still pretends that he doesn't know anything.
"Miss Kaslana, since we're all smart people, don't waste each other's time anymore - you should be well aware that as things stand, it's far from the moment when Gringotts' survival is at stake, it's just a business. β
Leos pestle his cane, took a deep breath, and the expression on his face calmed down.
"Gringotts is willing to return the title deeds to Hogwarts and release all pledges. In exchange for Mr. Albus Dumbledore, and the human wizarding community's pressure on the non-wizarding community in the Soviet Union, to prevent the decrees from being issued next week. β
"What?!"
Elena glanced at the old goblin in front of her with a strange expression, and several large question marks appeared on her face.
This old goblin of Gringotts, I'm afraid I'm not thinking about fart, right?!
I didn't expect that such a guy could be mixed into the real power of the Fairy Elder's Church?
"Don't be in a hurry to refuse, I know, it sounds unreasonable...... But I have to remind you that Hogwarts is in full alignment with our Gringotts' interests in this matter. β
Leos grinned, revealing a mouth full of yellow teeth, and unhurriedly pulled a sheepskin scroll from his bosom.
"The contract signed between Hogwarts and Gringotts stipulated that the repayment must be paid in rubles. Presumably that's what you're relying on, right? Do you think you're going to make a lot of money when the ruble is depreciated?"
"So, what do you want to say?"
Elena raised her eyebrows impatiently, her fingers flicking over the edge of the teacup.
"Currency depreciation leads to a decrease in the real value of loans with projected interest, as anyone who can count can understand. Obviously, the interests of Hogwarts and your interests at Gringotts do not seem to coincide entirely at this time. β
"The premise is...... You'll be able to deal with it smoothly. β
The old fairy elder slowly raised his head, and his cloudy eyes gradually became cunning and fierce.
"The ruble issued by the Central Bank of the Soviet Union and the ruble issued by the Central Bank of Russia, although they have the same name, are not the same currency - how to determine whether a currency is a continuation of bonds, the interpretation of the wizarding world, belongs to Gringotts. β
"Unfortunately, it's clearly not the same currency. β
"It's like a small Muggle fishing village that calls a seashell picked up by the sea a golden galleon, but it doesn't buy a wand as a golden galleon from Gringotts, for a reason. From the moment this contract was signed, we goblins were the only ones who could terminate it early. β
According to the original contract, once it expires, Hogwarts will not be able to pay the agreed amount of ruble cash, and the title deed of Salazar Slytherin as collateral will be vested in Gringotts Wizarding Bank. β
"I think all of you here ...... for such a result."
ββββ
ββββ
There is only one chapter today, and this paragraph is more difficult to write, and I am always dissatisfied ~ Alas ~ coo sigh ~
PS:The new book can be searched at the starting point now.,Click--Discover--Dialogue--New Hot Fufu is out.,You can see the new pit of the pigeon author you're familiar with--The protagonist is the cute Ai Gugu~