Chapter 174: Gringotts' Countdown

No matter how much you argue, the death of the Aurors is a sure reality. It's impossible for goblins to bring a dead man back to life.

With the death of his kind, the Wizengamot did not hesitate to quickly issue a guilty verdict.

"Elves are completely forbidden to possess any weapon deemed lethal by Muggles or wizards! It is also forbidden to enter the Muggle world for all transactions. Muggle world elven assets will be confiscated by the Muggle government as compensation.

Gringotts' list of practitioners must be sent to the Department of Magical Creatures Management and Control for review on a weekly basis! Elves who are not on Gringotts' list are sent to Azkaban. Bobby Dick's death and all Auror injuries will be covered by Gringotts. ”

Truth be told, this kind of punishment is painful for the elves, but it is within the scope of what they can bear.

The bombing of the Muggle world was actually an internal struggle among Muggles, what was the goblin who supplied the weapons? A weapons manufacturer with no background.

There are still some wizards in the wizarding world who look down on ordinary people, believing that Muggles are inherently inferior to wizards. So the wizards of the Wizengamot who were present could generously throw their wealth to the Muggles as compensation without thinking.

For the elves, they have an extra weekly audit and have narrowed down the scope of activities and practices.

However, what the elves are concerned about is not the narrowing of the scope of their practice, but the identification of lethal weapons, if the Aurors of the Ministry of Magic are willing, when the elves pick up the branches, they can be considered weapons with lethal capabilities.

This broad definition will make the goblins usher in a more severe blow.

So when the elves returned to Gringotts, they packed up and sold everything they could do to hurt others, from letter openers to scissors, from fireplace tongs to nails for repairs.

Elves who have been in the Muggle world have said they have heard of a man killing three people with a pencil in a bar! If it weren't for the quill pens to be used when signing the contract, the elves would even plan to throw away all the quills.

After a period of trembling, the goblins did not usher in the severe blow they had guessed.

This has turned the elves to earning money, losing a lot of money in the Muggle world, and the greedy elves must earn it back in the wizarding world!

The original plan for the development of elixirs and the hoarding of medicinal materials was put back on the agenda, and after losing some of their finances, the thirst for assets made the goblins gradually go crazy.

The price of medicinal herbs has been speculated, and a mandrake used as an additive has to be sold for 14 silver sico. Not to mention other medicinal herbs, they all have to be calculated in Galleons.

Dumbledore paid Dobby, a house-elf, ten Galleons a week, which was already on par with ordinary wizards. Even Arthur Weasley's grand prize for the Daily Prophet with a separate page was only 700 Galleons, which was equivalent to a year's salary for Weasley.

The increase in the price of medicinal herbs has driven the price of other items, and now the price of goods has risen across the board, making the already financially difficult wizard family more and more complaining.

The goblins of Gringotts are still stockpiling medicinal materials, and they have decided to stabilize the price of existing medicinal materials while selling some medicinal materials to obtain liquidity.

At this critical time, Snape published a statement in the Daily Prophet.

"In light of the ongoing experimentation with elixir formulations, I hereby declare that the new elixir recipe uses magical herbs that are not in the wizarding world. In addition, the Malfoy family sells vacant medicine fields, and interested parties should contact Narcissa. ”

This statement did not bring down the price of medicinal materials, because the economic system of wizards is a market economy, and in the previous normal market economic activities, there has never been such a large means of manipulating the market.

But this statement makes it impossible for the goblins to sell their medicinal herbs!

Nowadays, wizards all have the idea that 'it's so expensive anyway, it's better to wait until it's cheaper', except for buying a bottle of super expensive potion and scolding the hoarded street lamp pendant, everyone seems to don't need medicinal herbs anymore.

Medicinal herbs are agricultural products with a shelf life, and the next batch of medicinal herbs is about to come out of the field, and the goblins are about to go crazy......

Just like after the price of ginger and garlic soared in a certain year, driven by profits, everyone will prefer to plant certain crops with high economic value, completely ignoring what others think.

The large-scale production of a certain cash crop will inevitably make the market price fluctuate. And now, it's time to hit the market......

The prices of various medicinal materials are no longer falling off a cliff, and the jumping price is not enough to describe. The mandrake, which was originally for 14 silver sicos, is now not even 5 copper nats.

Originally, how high the price of medicinal materials was, how ruthless the goblins were. Letting the goblins lose money is worse than killing them.

But the Ministry of Magic payday that followed made up for Gringotts......

The acquisition of the high-priced market for the manufacture of medicinal materials made Gringotts smash out countless gold gallons, followed by the decline in the price of medicinal materials, so that Gringotts' original assets could not be returned, and an effective capital chain could not be formed.

Originally, the Ministry of Magic paid the salaries of the Ministry of Magic by Gringotts on its behalf, and the salaries of the employees of the Ministry of Magic were directly paid to their corresponding accounts. With the exception of the needy people like the Weasleys, the rest of the Ministry of Magic employees basically had some savings in their accounts.

Somehow, however, there was a popular rumor in the Ministry that the elves had decided to target the Aurors who had hit them in the first place, and not let them withdraw money from their accounts.

It sounded like a rumor, and it made the Aurors wary.

The money in your account is your own life!

When the first Auror chooses to withdraw all the funds and liquidate the treasury, it is followed by the other Aurors.

Once this trend is formed in the Ministry of Magic, it does not affect a single department.

First it was the Department of Magical Accidents and Disasters that had been involved in Operation Gringotts, then the Department of Magical Beasts Management and Control, and finally the entire Ministry of Magic!

In order to ensure the safety of their accounts, the Aurors deliberately took the time to start an investigation of Gringotts to ensure that their colleagues could get the cash.

This run on the Ministry of Magic has completely emptied Gringotts' cash reserves.

Galleon itself is a currency minted by the goblins, and it is not gold per se, but contains a small amount of gold in it.

And the value of the Galleon as a general equivalent currency itself is not guaranteed by an anchor, just a little gold in the Galleon? Its true value is not even as good as a silver west.

There are only two paths in front of Gringotts now.

First, mint the gold into gold Galleons and continue to exchange it for the staff of the Ministry of Magic.

Second, close Gringotts, announce technical adjustments, and then use the funds from other accounts to transfer to the Ministry of Magic staff who are running.

But neither of these paths can be taken by Gringotts.

First, Galleon has no anchor, and its value cannot be reflected by its own price. Gringotts simply didn't have enough gold to make a gold Galleon.

In the past, it might have been possible to trade gold in the Muggle market to obtain sufficient means of production.

But now, the elves' Muggle world assets have been seized, and they can't get gold at all.

Unless they can get the Philosopher's Stone, relying on alchemy to make gold. But Nicol Lemay is dead!

Second, Gringotts' private account is only used as a private storage room, for which the user must also pay a large conservation fee to Gringotts. The funds in it exist as personal storage and are not account data at all. Once the contents are used, who knows if the owner has cast any magic to protect his assets.

So after these two paths failed, the goblins of Gringotts carried out a riotous operation without permission.

They mint new currency!

Money is a general equivalent as an exchange, and if there is no recognized price and credit system, there is no actual exchange value.

How serious is the impact of a rash issuance of a new coin without an anchor? Look at fiat currency, and then look at Zimbabwean coins that reach the power of 10 to the power of 303. Heaven and Earth Bank did not dare to open such a seal.

In the current hall of Gringotts, the staff of the Ministry of Magic who came to withdraw his account noticed that the Galleon in his hand had changed.

"Goblins! How dare you deceive me with counterfeit money! ”

The goblin who was pointed at with his wand looked at the Aurors around him, who also drew his wand, and said curtly, "This is the new Golden Galleon, it can buy things like the old one......"

"I don't want a new one, I want the old one! Give me the gold galleons I used to redeem! ”

Looking at the wizard who was about to make a move in front of him, the goblin reluctantly told the truth: "But ...... But now there's only this Galleon......"

The Gringotts counterfeit money scandal has completely exploded!

'Shocked! 99.9% of people don't know that you don't have money in your account! ’

'Shocked! This happened in broad daylight at Gringotts! ’

'The goblin actually did this in front of the wizard! ’

'Shocked! Men will be silent when they see it, and women will cry when they see it! Not withdrawing is not a normal person! ’

After the Gringotts thunderstorm, the Ministry of Magic realized that it didn't have a department that could deal with such a thing.

Even if you push the matter to the Department of Magical Accidents and Disasters or the Department of Mysteries, you can't find a wizard who understands the reason.

Even for this trouble, the entire Ministry of Magic searched the soothsayers, hoping to get an answer.

But no way is no way, just like a math problem, it won't be won't. Even a prophet can see a word from the future, but he has to understand it.

At a loss, Minister Fudge stepped in to turn the tide by contacting the Muggle Prime Minister and lending some gold from the Muggle bank as a resource for the production of the old Gold Galleons.

For that reason, Fudge made headlines in the Daily Prophet for an entire week.

'A minister who can truly take responsibility for the interests of wizards'

'A wizard who can form friendships with Muggles'

'The Most Approachable Magician'

Fudge's actions are praised as a savior-like being.

In anticipation, wizards saw for the first time Muggle convoys loaded with gold and stop at the gates of Gringotts......

(End of chapter)