The worst part is that the fan is inexperienced in all this. That is, people can't learn a lesson until they hit their heads and bleed!

With the emergence of hedging banks, the difficulty of borrowing money is not the same as in the past; There are also banks that are under pressure for performance, which is fueling the flames behind the scenes. How many people really realize that the money they borrowed today will be repaid tomorrow?

If there is no lesson and no deterrence, it is inevitable that the future will be overdrawn into an overdraft.

When a large number of overdrafts occur, banks begin to attack collateral and borrowers for their own profits, and the whole society will inevitably be in turmoil. Many of the things that were considered fundamental were received by the banks, even the borrowers themselves.

What kind of choices will those in power make?

Because of someone's deliberate actions, the bank is separate from those in power, and even has a faint antagonistic posture. The two sides can cooperate, but it is impossible for any noble lord, even a king or an emperor, to be above the goddess of gold coins and order the goddess to do anything.

In addition, the financial situation of the miraculous land is still in its infancy, and as a noble lord with military responsibilities, he is usually not very wealthy in terms of liquidity. Even though there are no major wars between nations in this day and age, the threat from nature still exists.

To guard against Warcraft and uncivilized Homo sapiens and protect the survival of civilization, some lords choose to form their own armies, while others entrust adventurers' guilds or mercenary guilds. These are all paid for real money.

Therefore, those wealthy merchants and squires who have spare money have the confidence to establish a hedging bank, and they can easily lend their funds to the nobles and do a business that will make a steady profit.

It is to establish a hedge bank, and the main savings accounts are from the private sector. The nobles are too late to do things, how can they have spare money?

Loans are all short-term, one year, two years, and up to three years. When the first wave of loans expires and it is time to repay, many people suddenly find that they have enjoyed themselves and done what they should do, but they do not have enough income to repay the loan!

If you want to know the interest rate of the loan, it is still a habit to go in the past. That is, borrow one to repay two, and the better one is that the interest is 60% of the principal, this kind of usury that scares people to death!

However, has the investment income of supporting public construction and private investment really reached such a high level? And that's not even counting those investments that have failed.

So when the noble lords found themselves in the lowly merchants, the men who now call themselves bankers are the object of their debts.

His own people were no longer his own, and a large amount of assets were transferred to the bankers. Even their own lords have become bankers. Although there is no such thing as 'slave' anymore, their status has changed like that of slaves.

At this time, the emperor of the Gwana Empire lamented the suffering of the people, implemented a virtuous government, and allowed everyone to be exempted from paying debts. Who wouldn't be happy to carry out that command!

And this is the biggest failure of the emerging hedge bank, the separation of finance and power.

Thinking about the Chinese and foreign history of his hometown, there is no one with the most famous reputation in China than Lu Buwei, and everyone knows the ending. And the most famous foreign money lender is the first to recommend the Knights Templar in Europe.

Myths aside, the Templars relied on the Crusades to gain Christian superiority. Religion, in particular, was particularly important in accumulating wealth, allowing the Knights Templar to lend money, forming the first banking model in Europe.

At that time, the Knights Templar lent money not only to the nobles, but also to the kings of various countries, and the standard wealth was large. With such a powerful military force as the Templars, and the Pope in their backing, they were at the forefront for a while, and could even influence national policy or regional policy affairs.

It stands to reason that the Knights Templar should be able to develop into a transnational trust, becoming the black hand behind many of the puppet states. But the truth is that the Knights Templar were served to the throne by King Philip IV, who wanted to pay the bill.

Since then, the Knights Templar have become legendary, in every sense of the word......

The Templar Order's money lending business was continued by Italian Venice, which is considered to be the starting point of modern banking history.

Since then, the bank has always been the money bag of the powerful, just like the situation in his hometown. Whoever is short of money will take a handful, if he is too fat, and has doubts about shaking the country's capital or overriding himself, then he will slaughter and copy it. Like Shen Wansan, Hu Xueyan and the like.

Until World War II, the tragedy of the financial circle can be said to have reached its peak. One of the factors contributing to the rise of anti-Semitism was the offending behavior of the Jewish plutocrats.

It is true that a few people are not representative of an entire race, but it is also true that they serve as an excuse to raise a butcher's knife. The result was the death of millions of innocent people, and the suffering of many more.

Then capital seems to have turned over, and it has become the mastermind behind the world, controlling the lifeblood of many countries.

It may not all be directly controlled, but everyone has to follow the rules of the game designed by these capitals. The result is like a group of basketball club players from elementary school to college teaming up to face off against the NBA Dream Team, and everyone has to be played.

Perhaps this type is the ultimate goal that the fellow who first created a hedge bank wanted to achieve. And he also carried it out seriously.

But that person made the same mistake that most people make, which is to look at a different world with their own eyes and concepts.

The reason why capital can run rampant in the hometown I have experienced is because the rules of the game in the whole world are like this. Anyone who wants to break the rules of the game will have to face the lesson of the super-state that is manipulated by capital, the Magnesium Emperor.

How strong is Magnesium Emperor? In the impression of a certain person, the military budgets of various countries in 2004 A.D. are compared, and the second country is equal to the thirty-second place, and the total military budget of a total of 31 countries is only about equal to one magnesium emperor.

Perhaps the military budget is not the same as the strength of the military, but it is a relatively intuitive comparative figure. However, it is such a country, which is controlled by capital behind it. This is what has not been seen in thousands of years of human history.

It can be said that without the support of Emperor Magnesium, the tragedy of the Jews, Shen Wansan, Hu Xueyan and other things will happen again and again. But is the world really better when these people are out of a tragic fate? Or has the victim become the perpetrator?

Don't mention things that are too far away.,Let's just say that I met that brother who might be a fellow countryman in the maze.。 He may think that he is still in a world backed by Emperor Magnesium, so capital can be unscrupulous.

I didn't expect to be served by a German decree!

In the history of my hometown, only the island country next door has appeared.

As a country that has been practicing militarism since the Kamakura shogunate, the emergence of the Tokura Decree is not a good thing.

To put it simply, some low-level samurai and the people are living in poverty and need to borrow money to survive. When the debt is riddled and the borrower can no longer borrow, the person above takes the lead and writes off the debt.

At this stage, the only people who seem to lose are the merchants who lend money, local tyrants and the like. In fact, life has not changed for the better, the economic environment is also very poor, and these people at the bottom still need to borrow money to live.

But after one default, how dare those who have money lend money to those who will default, or are destined to default? As a result, I could still borrow money to get by, but now I can't even borrow money, and there is only a dead end.

To put it bluntly, the German decree in real history is just a policy to quench thirst, and it has no good end.

But the situation in the lost land is different. The lending of the lost land is urged out by those hedging banks, and as soon as they come into contact with new things, the people themselves can't hold on to them.

It is true that there is something wrong with people who do not control their desires, and who are too stupid or even deceived and deceived. But those who have been running for the pit people from the beginning should bear more responsibility.

Fortunately, the main target of the hedge bank is still the noble lords. People in this class have no moral bottom line, so no matter what kind of environmental changes they face, they can adapt quickly.

Therefore, from the emergence of hedge banks to the stage of economic bubble in the whole world, it is only a short two or three years. In such a time, there is no way to transform the ordinary people in the lost land into the habit of spending ahead of time and overdrawing their future.

The only thing that hurts is the money bag in the eyes of the powerful. It can be said that if they don't make a wave today, they will harvest sooner or later.

Someone once said that socialism is not suitable for the present maze, because there is no soil for germination. The establishment of a constitutional monarchy could only be carried out in the Karlsruhe Empire, because the common people did not have enough consciousness and ambition to do so outside of there.

In the wrong environment, it is normal to forcibly push things that are not suitable for development, and eventually eat up your own body.

To use an inappropriate analogy, let's say that a certain person travels through the hometown. If someone goes to *** country to sell pork dishes, not to mention that they will go out of business because they have no business, they may be dragged out and beaten to death on the spot!

However, having said all this, I haven't talked about the most pitiful part. That is, at the beginning, she was regarded as the goddess of gold coins who was the most relied on by the fellow who created the hedge bank!

Lin guessed that in that fellow's thoughts, the goddess of gold coins should be a link that could not be bypassed, and she must also accept it.

So according to what someone heard, that fellow went out of his way to explain how much power the bank could increase when it developed the lending business, how much money it could make, and how many people's faith it would gain.

However, the goddess of gold coins has not let go, and has allowed the hedge bank to be in a state of chaos in the Warring States.

When the complaints arose, the fellow could no longer convince the goddess under the pretext of gaining faith. can only continue to emphasize how much control can be given back by the money lent out, and how much money can be earned. And only the goddess can clean up the chaos in front of her and stabilize the entire financial system of the Lost Land.

The reason has been updated, but the only thing that remains the same is to make money.

When the German decree came out, the world was different!

The word 'moral government' is not used casually, it is originally a government decree that can buy a large number of people's hearts in a short period of time.

Not only did those who could not afford to repay cheer loudly for their lords, but the vassals wept bitterly for the prince's compassion, and the people did not forget to praise the goddess of gold coins after receiving the blessing of the decree of virtue.