Among the people who are close to him, there is not only the World Tree and the Elf who cares about the development of the bank, but also a retired Grand Duke who cares about it.

Since he left all the territorial affairs to his own son, the retired old duke has been eating, drinking and playing all day long with public funds, and he is living a happy life. Even his old friend who is the emperor of a country can't stand it, and he summons people into the imperial capital in three days and tosses.

Anyway, it is so convenient to order a car, and it will take two or three days to arrive, unlike the previous trip that took more than half a month. Then go to the imperial capital to meet old friends. Maybe goodbye, not a few times.

And sometimes, the status of a retired old duchess is suitable for doing many things that are inconvenient for other nobles. Coupled with his relationship with the magician in the Holy City, he was almost on the verge of becoming the Emperor's exclusive liaison.

There is no way, a certain magician is doing too much, even if there is a think tank specializing in research and analysis, it may not be able to fully see through that person's true intentions. So it's necessary to ask the initiator of everything from time to time. Whether you tell the truth or not, or say it all, it's always a reference.

In addition, whether it is to set up a hedge bank to earn interest on loans, or to borrow money to do things, it is quite attractive to the aristocracy. So even if the old duke didn't spread the word for the emperor, he wanted to see if the Duke of Kaveh was suitable for developing these things.

Even after he retires, his influence is still there. For the family's territory, how can they not want to develop better and better.

A certain magician only mentioned one sentence: Do you remember that His Majesty the Emperor had promised him that he would consider issuing a national decree at his request? Then he smuggled to display a certain document on the water mirror screen, so that the old duke could see it clearly.

It is written in a rich and sentimental way, feeling that the subjects of the empire are suffering from debts, and there are improper behaviors such as selling wives, sons, and daughters, or selling territorial titles.

With immediate effect, all unfair acts of selling and repaying debts will be stopped, and those who are unable to repay will be allowed to demand the cancellation of all debts. If there is any improper act that has been performed, it can be appealed to the emperor, arbitrated, and the occupied territory, wife and daughter can be returned, and the heir title of the unfit person may be deprived.

This is the beginning of moral government, and there is no end date.

The writing of the German decree is actually a law to approve everyone's legal debts, and it even has a strong implication. I saw that a certain retired old duke was a numb scalp, a flushed face, and a rapid heartbeat, as if it was a precursor to an imminent stroke.

Not to mention that those who are unable to repay are regarded as gospel, and those who are able to repay the money are not pretending to be stupid. Anyway, once this law is enacted, those who pay back the money seriously will be fools in the eyes of others.

In today's mystery, except for the Karlsruhe Empire in the south, which is undergoing restructuring and moving towards the rule of law, other countries are basically leaders who follow their word. There is no need to deliberately engage in steps such as the third reading, announcement, and implementation.

This edict was issued by the emperor, although it did not concern other countries, or vassals of vassals. But government affairs will have an effective effect, as long as it is beneficial, without the emperor's supervision, the people below or people from other countries will of course follow suit.

If there are victims, it is only those who set up hedge banks, and then there are those who put their money in these fake banks. As long as the German decree is issued, it can be said that it will be all in one net, and no one will be spared.

For the former, the old duke only thought of one fate - death. I can't think of any other end.

But the latter's losses are also real, don't they deserve sympathy?

In response to the old duke's question, Lin only replied: the lesser of two evils. He did not ask the emperor to 'certainly' promulgate the laws he proposed, and the original agreement was only to have a channel that could reach the heavens. To do it or not to do it, the decision is, of course, in the hands of the emperor, and someone does not interfere.

That is, Lin does not explain the question of which side of the money lender is more worthy of sympathy when there are a large number of people who cannot repay their debts. After all, the situation of the former is only on paper and has not really appeared, so the old duke has some concerns about the German decree.

In fact, two years after this conversation, the German decree was officially issued by Emperor Almin? Kazarnia promulgated. And in a very short period of time, it has become a general decree of the consensus level of the mystery.

Of course, with the promulgation of the decree, there were many vendettas caused by money disputes. There are banks that target creditors who deliberately fail to repay their debts, and there are banks that combine depositors to target all those who are unable to repay their debts or deliberately default.

It's more about the people who have money in the hedge bank, and in the end they are really trapped and can't get a penny back, and they retaliate against the people in the hedge bank.

These people don't want to go over the bank and go straight to the creditors who owe money and don't pay it. Because the creditor's rights do not have a clear ownership to them, it is the bank that owes them. So, of course, look for these well-targeted hedge banks.

This caused turmoil in many places, but the noble lords invariably suppressed it mercilessly.

Such a result will be based on the lending relationship before and after the emergence of the hedge bank.

In the old days, it was very difficult for the Lost Landers, whether they were commoners or nobles, to borrow money. Even if the interest rate on borrowed money is quite high, the person who lends it will worry about whether they can recover the principal at a minimum, let alone earn interest.

So if you want to borrow money, you either have a good relationship or a good reputation.

People who have a good relationship know each other well, and of course they know whether the other party is capable of paying back. Determine whether this money is just to save a momentary emergency, not to save a lifetime of poverty with no return.

Of course, it is impossible for a person with a good reputation to let the news that he owes money and not pay it back to spread and ruin his reputation. And most of these people are capable; Even if he can't pay it for a while, he has a way to borrow another one and repay the one that is due. If the reputation is really stinky, then borrowing money becomes delusional.

Therefore, in this mysterious place where the financial economy is still quite backward, the establishment of a loan relationship is not so simple. Even every time a loan is established, the person who lends it is mentally prepared that it cannot be recovered.

What's more, if they declare bankruptcy because they can't pay the money, the creditor usually doesn't choose to kill them all. Instead, the debt will be resolved in other ways.

Nobles sell land and titles, and ordinary people sell their sons and daughters and even wives, of course, it is a normal operation. But no one will go for this purpose in the first place. Unless both parties really have their own calculations, borrowing money is not to borrow money, but to seek other property.

But as long as it is a normal lending relationship, no matter what the final outcome is, basically people can still live.

Besides, the lost land of this era is not a society that is difficult to move forward without money. If you have a knife, you can support yourself by hunting. With a little effort, you can open up wasteland in the wild, grow crops, and support yourself in the same way.

It's not that difficult to survive in the Lost Land.

But when profit-chasing hedge banks emerged. They are under pressure to pay interest to depositors and salaries to employees, so they have to lend out the money they have saved or invest in other profitable projects.

In addition, this is an imperfect economic system, and there is no relevant financial regulatory system at all. In this market where the bank collects deposits and loans, it can be said that a hundred ghosts walk at night and a group of demons dance wildly.

Let's take the simplest example. The first people to create hedge banks clearly had advanced financial knowledge. Know to keep a certain amount of reserves to deal with those who exchange vouchers for money.

But other people don't understand it at all. Where do they know what reserves, and if they have a thousand gold coins, they will dare to lend two thousand gold coins or three thousand gold coins! Otherwise, how did the depreciation of banknotes come about.

In addition to the problems of the banks themselves in the use of funds, they also have considerable problems in lending!

In the old days, people who really needed it and didn't have enough money at hand would consider borrowing money. But for a rather primitive financial environment, there are very few people who will encounter such a situation. Even if you do, you will ask someone close to you to help you instead of looking for an unfamiliar bank.

But when the hedge bank appears and there is pressure to lend, what kind of mutual assistance and poverty relief is!

It's important to remember that banks are for-profit organizations, not charities.

Since it is for profit, those who really need a sum of money in a real need may or may not be able to tide over the storm and will be excluded from the bank in the first place if they cannot provide collateral.

From the bank's point of view, they have no obligation or right to take other people's money and bet on whether a person can turn over.

The best money to lend money to the noble lords of the various places is to come up with some valuable collateral. Some squire landlords were also available, but most of these people were people who kept money in the bank, not people who had a need to borrow money.

As for the civilians who have nothing, they will not approach this unless the person who opened the hedge bank has a different mind.

But what if these ideal lenders don't have the need to borrow money?

At this time, it is up to the people on the hedge bank side to take the initiative and paint a variety of beautiful visions. And this vision happens to be something they can't achieve with their original strength, so then the bank can intervene on the grounds of helping people realize their dreams.

In the case of aristocratic lords, it is all kinds of infrastructure construction and the establishment of industries, as if they can be sold smoothly if they make a piece of garbage, and they will make a fortune in the city. If a policy of benevolence comes out, the people will desperately have children, work hard, and pay taxes.

In terms of civilians, it is to start a business and become the boss, a small workshop to become a large factory, to buy a house by renting a house, and to live in a 10-square-meter Burrow to upgrade to a 1,000-square-meter mansion! It seems to borrow this money to make yourself a landlord and a good life in minutes.

In short, the money from the bank was lent out and interest was earned; The borrower has done his own big thing, so that the quality of life and social status are upgraded. What seems to be a rosy situation for both sides is actually not taking into account two important points.

First, are there any real needs for the things under the beautiful vision?

Second, does the borrower really have the ability to repay the money in the future?

From the bank's point of view, with collateral and creditor's rights in hand, you can carry out all kinds of sao operations, and make sure you don't lose money!

However, the person who borrows money is essentially advancing his own future! If the future self deserves to live such a life of enjoyment, and is qualified to stand in that kind of social status, then there is nothing to say. The advance here is nothing more than an advance enjoyment.

But what if you don't deserve it? It's just a swollen face and a fat man's psychology?