Politics has always been a matter of affecting the whole body, and the change in the demands of the Alpha Kingdom has directly accelerated the process of alliance between the five countries.

Sometimes talking about money doesn't hurt feelings. In politics, it has always been free and the most expensive.

When we get paid, it's fair trade. The political status in the alliance is still reciprocal.

Gratuitous military help, the Alpha Kingdom dares to give it, but the Three Kingdoms dare not ask for it!

It is easy to invite God and it is difficult to send God, and if things are not discussed in advance, the military instructors sent will become military infiltration if they do not do it well.

The entire army system is labeled as the Alpha Kingdom, and it cannot be independent militarily, so how can it remain politically independent?

Once you become a little brother, it is not something that can be solved with a little money. As a last resort, no big country is willing to send people under the fence.

The Alpha Kingdom asked for a sky-high price, and the three kingdoms paid it back. From the beginning of the price talks, all parties knew that it was only a matter of time before the five-nation alliance was established.

The most direct impact is the debt negotiation of the Principality of Moxi, everyone will be allies immediately, and the creditors of the three countries of the Central Continent are not easy to bite on!

Due to political considerations, they could only passively choose to follow in the footsteps of the Alpha Kingdom, give up all the interest on the loan, and accept the deferment of principal proposed by the Duchy of Moxi.

The gap opens from within the debt collection alliance, and the follow-up problems are easy to handle.

Relying on crying poor and selling miserable, the Moxi people continue to launch public relations activities to creditors from all walks of life. This includes, but is not limited to, a series of means such as bribing negotiators and secretly promising benefits.

After various operations continued to be played, the creditors with small amounts expressed their willingness to give up the interest, as long as the principal was recovered.

People are blindly obedient, and more and more creditors compromise, so that the remaining creditors are no longer so firm.

The object of the negotiation is a bankrupt government, and it is not easy to recover the principal, and it is a luxury to get the interest.

The current government of the Principality of Moxie is playing the role of a hob meat with no money. If you don't have money, you won't give it.

The neighbors around them are either aliens or allies, and even if they blatantly default on their debts, they are not afraid of being armed to collect their debts.

Being able to sit down and talk to everyone is a sign of responsibility. If you are in a hurry, you will lie flat and rot, and no one can do anything about them.

Some of the people who watched the excitement of eating melons were secretly scolding the Moxi people for being stupid!

After the government's finances go bankrupt, the country's credibility has been lost, and it is not afraid of being armed to collect debts, so why should it continue to fulfill its debts?

With a huge debt of 438 million, the current Moxi government can pay up to four million gold coins a year, and it can't be paid off in a hundred years!

Others couldn't see clearly, but as the head of the elven delegation, Delith saw it clearly.

Where is the Principality of Moxi paying off its debts, it is clearly paying protection money. Since the outbreak of the debt crisis, she has been subjected to joint pressure from the countries of the Terran race.

Although such a small amount of money, scattered in the hands of many forces, is nothing at all.

But now it's clearly not about money!

The big forces also want to save face, and it is easy to get addicted to usury. In addition to the Duchy of Moxi, there are many more customers.

The precedent of defaulting on debts is absolutely unacceptable. Otherwise, everyone's debt collection costs will rise sharply in the future.

It doesn't matter if the debt is deferred, even if the follow-up interest is gone, the previous interest income does not need to be returned.

For the people in power of the major forces, this business is nothing more than a long cycle of "100 million points", and the income is so low "100 million points", at least the book is still profitable.

It doesn't matter if you have money or not, the key is that you must save face, and you can't let this matter become a stain on everyone's career in power.

It can be said that the Principality of Moxi single-handedly raised the debt threshold of the Aslant continent, letting everyone know that the original country also went bankrupt.

In the future, it is absolutely impossible for countries to borrow money without any collateral.

As a group of creditors to maintain face, the Principality of Moxi naturally cannot fall. In this context, there is not much that the elves can do.

Fortunately, there was something wrong within the Duchy of Moxi, otherwise Delis really wouldn't know what to do.

"Venerable, something is wrong!

Just now, the Mossi people, together with the representatives of the Alpha Kingdom, the Hessian Kingdom, the Dante Kingdom, and the South Bank Kingdom, issued a joint announcement that the five countries will formally conclude a joint defense alliance from now on. ”

Nina's words startled Delis. This is not only a bad situation, but it is simply about to break the sky.

The alliance between the three countries of the Central Continent and the Northern Continent is undoubtedly a steel knife inserted into the interracial alliance.

The integration of the five kingdoms of the Terran is not a simple matter of 1+1+1+1+1=5.

Behind this is also a change in war potential and strategic depth, and the five countries that rely on each other are by no means as easy to bully as they were in wartime before.

Not to mention the alliance of the Five Nations, even the alliance between the Alpha Kingdom and the Principality of Moxi caused a lot of trouble to the elves.

At one point, Delith began to wonder if it was the right thing to do in the last continental war to spare the alliance of the Moxi and the Alpha Kingdom in order to save time.

The suspicion didn't last long, and even if time could be turned back, they would still do it.

If they stay and entangle with the two countries, it is estimated that their allies in the Central Continent will have to turn into historical dust.

Without the support of these allies, even if they and the orcs occupied the entire northern continent, they would not be able to stop the Terrans from advancing northward.

The current situation is far more reliable than the strategy of separating the northern continent. If it works well and destroys the Five Nations Alliance, then the offensive and defensive momentum between the Alliance and the Terrans will be reversed.

There is no doubt that the destruction of the Five Nations Alliance is only a beautiful fantasy. No matter how good the Terran forces in the Southern Continent are at internal fighting, it is impossible to sit back and watch the interracial alliance turn around.

"Quick, send the news back to the clan immediately!"

Delis said in a gaffe.

Deep down, she had already greeted the elf family who were gathering information. The alliance of the five countries was such an important matter, and they did not know anything about it in advance.

But this is clearly wronging.

As the overlord of the continent, the human race still has its own arrogance. Those who are willing to accept their cooperation are some social scraps, or some broken settlements.

In order to avoid interference from external forces, the five-nation talks were conducted in secret.

A group of losers who have broken away from the center of power, even if they really work for the elves, will not be able to access these messages.

If you don't receive the news, you can't report it in time. Even if the joint announcement of the five countries has come out now, the elf intelligence department will still have to delay it for a day or two when it receives the news.

Efficiency, which is the hard wound of all long-lived races. The long life span has made them accustomed to a slow-paced life, and the concept of time is extremely weak.

……

The royal palace of Dapest, holding the joint announcement of the five countries, George was overjoyed.

The Five-Nation Alliance came at a very timely time, which meant that the bad situation in the Duchy of Moxi had finally reached a turning point.

"Your Majesty, now that the situation has changed, do we still have to continue the previous strategy in our negotiations with the elves?"

The Minister of Foreign Affairs, Count Renato, asked with concern.

Forced by the previous situation, the Principality of Moxie was not ordinarily low in negotiations with the elves, and fully implemented Hudson's strategy of "showing weakness to the enemy".

Things are different now.

Relying on the miserable betrayal, he has won the sympathy and support of the Terran countries, and now with the alliance of the five countries to rely on, facing the elven Principality of Moxi again is no longer as fragile as before.

"Why not continue?"

George asked rhetorically with a smile.

The Duchy of Moxi, who played the poor ghost, can't take out a single extra gold coin now.

Whether it is a concession in compensation or an apology, it is all a matter of face.

Reduced to the bankrupt Duchy of Moxi, where is there any face to speak of?

Anyway, it has come to this point, it is better to show the enemy weakly to the end and continue to paralyze the elven race.

Defeat the enemy by fooling them.

Deep down, George was ready for a protracted war with the elves. The road will be very difficult, but the Duchy of Moxi has no choice.

After a little hesitation, everyone still expressed their approval.

If it had been rash, the Principality of Moxi would have perished a few years ago, and it would have been impossible to get to this point!

After tasting the sweetness of choosing Lizi, encountering similar problems, the high-level leaders of the Principality of Moxi showed extraordinary patience.

The big deal is to be scolded behind the back by the young nobles in the country, and they can't hear it anyway.

When the dust settled, the Development Bank of the Near East added a new business: collecting taxes from the Principality of Moxie and ensuring that the annual repayment amount would be paid smoothly.

To be precise, the significance of guarantee is greater than escrow.

After all, the Duchy of Moxy had already mortgaged its taxes to the Development Bank of the Near East, and legally speaking, the bank had the right to collect taxes after defaulting on its debts.

This is double insurance.

George feared that after the financial bankruptcy, the creditors would take over the tax department of the Duchy of Moxi, so he simply made a plan in advance.

The loans are all fabricated and fake accounts, and it is natural to add a false mortgage contract.

The acting is too good, and the image of the poor ghost of the Principality of Moxie is too deeply rooted in the hearts of the people, so that everyone does not dare to let the Mossi government touch the money.

Everyone is paranoid that once the tax is in the pocket of the government of the Duchy of Moxi, it will never come out.

Both sides need a guarantee, and the intermediate role of the Development Bank of the Near East emerges.

According to the agreement, the fiscal revenue of the Principality of Moxi was deposited in the Development Bank of the Near East, and after the four million arrears were allocated to the parties, the rest was placed at the disposal of the Principality's government.

In order to grab this business, this wave is purely a public welfare act, and Hudson confiscated the handling fee of a copper coin.

After the tax is credited, it must be transferred to all parties within three days, just a hand.

Of course, for everyone's convenience, the money is directly into the Magic Crystal Card accounts of all parties.

When and where to withdraw is a matter for each party to decide.

In order to absorb the reserves, Hudson also fought hard. Even if it's just a short-term pass money, he doesn't want to let it go.

They were all forced out, and with the continuous growth of the Development Bank of the Near East, there was a serious imbalance in the number of loans and deposits.

Putting aside the fake accounts of the Principality of Moxi, the normal difference between deposits and loans alone is as high as hundreds of millions of gold coins.

Although these loans are collateralized and there have been no large bad debts, cash shortages remain the biggest risk for the bank.

The core reason is that the nobles of the Alpha Kingdom are too poor, there are very few nobles who need savings, but there are a lot of nobles who need loans.

In order to reduce the risk, Hudson has strictly controlled the amount of loan disbursement, but it still cannot solve the problem.

I had no choice but to find a way to absorb the reserves. Even if it's a transfer of funds, I don't want to let go of it now.

According to the past practice, as long as the money enters the bank, at least one-third of the cash will be circulated on different magic crystal cards.

Even if it is a withdrawal, nearly one-fifth of people choose golden tickets. In particular, customers who trade commodities are significantly more willing to use golden tickets.

For the sake of safety, there are even customers who ask for their names to be on the golden ticket. Even if others snatched the golden ticket, they couldn't cash it, and there was a prototype of a check.

Against this backdrop, the Near East Development Bank's book profits have clearly exceeded the sky, but it does not dare to pay dividends even a single gold coin.

As a result, the shareholders had a lot of opinions about Hudson.

On the books, it is said that money is made every day, but where is the money earned, and who sees it?

But it's too late to regret it, it was an ancestor when I invested money in, and now I want to go out and become a grandson.

The only thing that can comfort the shareholders is that they really make money on the books, and they still make a lot of money.

If everyone accepts the golden ticket dividends and leaves the market without exchanging cash for a short period of time, Hudson can immediately pay dividends in large amounts.

The annual general meeting of the bank's shareholders is time again.

Unlike previous years, this time the Development Bank of the Near East has an additional loan of 80 million gold coins on its books, and even the shareholders are much more resentful.

80 million gold coins is not 8,000 gold coins, this number is a huge amount anywhere in the continent.

No matter how much the Development Bank of the Near East can make money, it will take years to earn it back.

If something happens to the Principality of Moxie and the loan cannot be recovered, it will be a big loss.

"Duke, the shareholders have all entered the living room, looking at their appearance, I'm afraid that the person who came is not good!"

Rudolph said worriedly.

How beautiful he was a few days ago, how embarrassed he is now. False accounts cannot be made public, and now he has to take a detour when he sees shareholders.

"Rest assured, they are reluctant to let go of so much investment in the Development Bank of the Near East.

No matter how big the resentment in his heart is, he will not directly overturn the table.

If you do that, you will be contributing to the development of the kingdom!

You go over and deal with it first, and I'll be there later. ”

Hudson said with a smile.

If the bank really goes bankrupt, the worst thing is the small shareholders. As the head of the bank, he has long since recouped his investment.

For example: help the Moses to make false accounts.

The commission income was shady, so Hudson reluctantly collected the money himself.

Another example: bank operating costs.

Whether it is the staff, the venue, or the capital escort and deployment of each branch, Hudson is all responsible for it.

Since it's a business, it's sure to generate profits.

There are many similar operations, and it seems that he, the major shareholder, is in the same boat with everyone, and has not withdrawn a copper coin from the bank account, but in fact he has already made a lot of money.

Frankly, Hudson is already quite worthy of the shareholders. Although I make money, the bank makes more!

The net profit of millions of gold coins per year, and also maintains a double-digit high-speed growth, a proper high-performance stock.

If this situation continues, when the outlets on the Principality of Moxi are completed, the bank's profit will exceed 10 million in the near future.

It is not an exaggeration to describe it as a rich country!

The only regret is that the Near East Development Bank only makes money on the books, because the amount of deposits is insufficient, it cannot pay cash dividends at all, and shareholders do not enjoy the dividends of the bank's growth.

The shareholders of the kingdom are just that, although they did not get the dividends, they got low-interest loans.

In addition, the principal they invested is not much, and most of them are invested in resources, and the return is now good.

The real tragedy is still the major chambers of commerce, not to mention the money that has not been returned, and the homework that has been copied has not been able to be laid out due to political factors.

Local banks that can only make deposits and loans can only be regarded as money banks.

Although the business is good and it can be profitable, the profit margin is not as high as everyone expected.

The plate is not big enough, the funds cannot be circulated internally, and there is not much leverage at all.

The Development Bank of the Near East is lending with depositors' money, but they are lending with their own money, and their profitability is completely incomparable.

……

At the shareholders' meeting, Rudolph was already scolded by a group of shareholder representatives.

The left sentence should be kept secret, and the right sentence is inconvenient to be made public, and everyone will be angry.

As shareholders of the bank, they don't even have the right to know. If someone runs away with the money, won't they be the last to find out?

"Quiet.

Duke Hudson arrives! ”

The shouts of the guards quelled the quarrel at the meeting. The shareholder representatives were waiting for Hudson to come out and give everyone an explanation.

"Everyone's angry!

But I don't think I need to, I just have something to talk about. I've heard your controversy outside.

It is reassuring that people care about the operation of the bank.

The Development Bank of the Near East has been established for three years, and it has been two and a half years since everyone became a shareholder. The bank's net worth has grown from 9 million gold coins when everyone bought shares to nearly 30 million gold coins now.

I think everyone is satisfied with this growth rate. Now the worries are nothing more than why the bank has made money, why it doesn't pay dividends, and the 80 million money in the Duchy of Moxi.

It is the first to state that the loan in the Principality of Moxi is a political loan, and the main consideration is political factors.

Many people must have tried it, and it should be clear how difficult it is to open area protection. If you don't give enough benefits, why should others give you the market?

If you don't pay dividends, it's simpler, naturally to make more money!

The Development Bank of the Near East is in the growth period and needs to invest the profits earned in reproduction in order to occupy the market in the shortest possible time.

Competitors have emerged, and to stay ahead of the curve, we have to scale up in a short period of time.

Banks are capital-heavy integrated industries, and the larger the scale, the higher the profits, and the stronger the ability to resist risks.

In three years at most, we will be able to complete the comprehensive layout of the northern continent, and then we will enter the maturity stage......"

Hudson flickered hard.

The immaturity period is itself a false proposition. Whether to pay dividends or not, the key is to look at the bank's cash flow.

There is no doubt that it is almost impossible to solve the cash flow problem in three years.

There is no way, fake accounts in front of interests can also become real accounts. The 80 million interest-free loan recorded on the head of the Duchy of Moxi, Hudson is also greedy!

Whether it's splitting up the loan to someone else, earning an interest, or keeping it for your own use, it can make a huge difference.

No action was taken, that was the bank account was not so much money. However, as a manager, you can still think of a way.

I won't be able to use that much money for a while, so I'll stuff my previous loans into this.

As long as the accounts are closed and this part of the interest income is withdrawn, then no one knows.

Relatively speaking, this is a mild approach. If you don't pay attention to the appearance, you can also directly reduce the bad debt.

Of course, this can only be imagined. With such a large-scale impairment of bad debts, the Near East Development Bank has been tossed into negative equity, and shareholders have to explode.

Many forces are going crazy together, and Hudson doesn't have to mix on the mainland.