When all the people in Dongzhou went out to exchange money for gold, the price of gold from other places began to rise crazily. This is a normal market change. When demand increases, prices will rise.
But the Dongzhou people suddenly saw the price increase, and they vaguely understood the meaning of inflation, and they were even more convinced that the Kyushu currency was really about to depreciate. Didn’t you read it? One gram of gold used to be 150, but now it’s 170. It’s not that the price of gold has increased, it’s that money is starting to become useless.
Dongzhou people think so, but outsiders don’t know it.
People in Dongzhou are now full of shrewd people who are harboring a bad taste. Just know it yourself and don't spread it. Don't let outsiders know.
Even if some outsiders know about it, they either don’t believe it because they have never heard of such a thing. Or you might be holding back your misfortune, not telling others, and secretly buying gold on your own.
When the Dongzhou people started to take action. The entire Dongzhou was completely turned upside down.
Because the news was circulated within Dongzhou, one person said that he definitely didn't believe it, but you saw everyone around you selling Kyushu coins quickly. You can't keep it at all.
In Dongzhou, Kyushu coins are starting to become truly worthless!
Within the entire Dongzhou area, almost all Kyushu coins are out of circulation. Traders, businessmen, and capitalists now only need gold to do business. None of them will accept Kyushu coins.
One comment actually caused the devaluation of Kyushu currency in Dongzhou... This was something Li Zhen didn't expect.
On October 1st, every corner, town, and county of Dongzhou blossomed overnight, and an organization with the same name appeared everywhere - 'Ten Thousand Years Money Bank'.
In the entire Dongzhou, as long as they are doing business, who has not heard of the mysterious and huge organization called the Ten Thousand Years Financial Group
In the entire Dongzhou, only the Ten Thousand Years Consortium dares to name it after Ten Thousand Years.
As soon as the Ten Thousand Years Qian Bank appeared, the entire Dongzhou exploded. Everyone flocked to Qian Bank branches in various locations to watch the excitement and want to know what this organization does
However, huge billboards were erected at the entrance of every money store, and literacy-style explanations began.
"In order to control the economic stability of Dongzhou and dispel the rumors and chaos of inflation. From now on, the Ten Thousand Years Money Bank is established. Everyone can deposit gold and Kyushu coins in the Kyushu Money Bank, or exchange them for money issued by the Ten Thousand Years Financial Group. Responsible for the publication of 'Kyushu Voucher'. The exchange rate between Kyushu coins and Kyushu vouchers is as follows... The exchange rate between gold and Kyushu vouchers is as follows...
The main business of Ten Thousand Years Money Bank is: interest-rate deposits, with an annual interest rate of 1%. (For example, if you deposit 100 in our bank, you can withdraw 101 one year later. If you deposit 10,000, you can withdraw 10,100 one year later.)
Loans with interest rates. Our bank can provide loans to everyone in Dongzhou where their household registration is located, with a low monthly interest rate of 5%. Can be repaid in installments. (For example, a loan of 10,000 from our bank will only cost 10,500 to repay after one month. The maximum term can be repayment within three years, with monthly installments.)
…”
When everyone learned the news, the entire Dongzhou was completely shocked.
"I deposit my money here and you get interest back?"
"Is there such a good thing in the world? Money begets money? I don't have to do anything, I just need to deposit the money here, and he will pay me interest every month?"
"Oh, isn't this pie in the sky? If the name hadn't been hanging around for ten thousand years, I would have thought he was a liar."
"How can such a good thing happen?"
"Doesn't that mean that I want to save a hundred thousand dollars. I don't have to do anything, and I can eat interest every month for a lifetime? And the principal is not a penny at all?"
"This... I'm afraid it's fake, right?"
"Whether it's fake or not, you can actually exchange Kyushu coins here."
"You can actually exchange Kyushu coins into gold? Or is it a voucher? This is a great sentiment. The Kyushu coins will be useless, but this voucher is really real."
"It says that vouchers will never depreciate in value. How many vouchers you have? How many vouchers are equivalent to how much gold you have. Holding this voucher will make you feel more at ease than holding Kyushu coins, right?"
“…”
On the first day the money bank opened, everyone in Dongzhou began to sell Kyushu coins crazily.
In just one day, Ten Thousand Years Money Bank exchanged a total of more than 5,000 kilograms of gold. And 70 million yuan in Kyushu vouchers.
That night, the entire Dongzhou, led by the seven major groups, radiated half of the factories and capitalists in the entire Dongzhou, and all released a unified message: From now on, Kyushu currency will not be accepted for transactions. Only Kyushu vouchers issued by Ten Thousand Years Money Bank will be accepted. When paying wages to employees, Jiuzhou vouchers will be issued. Abandon Kyushu coins.
This is bombshell news.
When the capitalists at the top take the lead and radiate to the small businessmen below, those who rely on big capital to survive have no choice at all. If you want to depend on others and survive, you must use Kyushu vouchers. Otherwise it's all empty talk.
Small businessmen who want to do business must use Kyushu vouchers. So at the same time, dealers will all abandon Kyushu coins when facing the people of Dongzhou, and will no longer accept Kyushu coins, but only Kyushu vouchers.
Of course, some people use gold. However, it is not convenient to carry gold at all, and a small particle is very valuable, and it is very easy to lose or have an accident.
As a result, more and more people began to use Kyushu vouchers.
In an instant, Kyushu vouchers began to circulate in the entire Dongzhou market. Of course, businessmen in Dongzhou also accept Kyushu coins when doing business with other countries. After collecting Kyushu coins, I took them back and exchanged them for vouchers at the money store.
Vouchers immediately swept the entire Dongzhou market.
…
Still in Cangzhou County, still in the same restaurant. The second meeting between Li Zhen and Jiang Tianzi.
"Dean Li, what are you thinking about? Asking for a loan from Xinyuan Kingdom."
Li Zhen smiled and said: "That doesn't need to be considered. How much can I borrow?"
Jiang Tianzi was shocked, so free and easy? This is definitely not a small amount. Does he really dare to borrow it
Jiang Tianzi hesitated for a long time and said tentatively: "One billion."
Li Zhen nodded and asked calmly: "Is it one billion Kyushu coins or one billion Kyushu vouchers?"
Jiang Tianzi had a sneer in his eyes. He naturally knew about the vouchers circulating in Dongzhou, but it was not surprising at all. Some ministers in the court had already seen through it. In fact, Li Zhen and the others were just using useless paper to defraud Dongzhou of Kyushu coins.
Will Kyushu currency depreciate? He wouldn't believe it even if I beat him to death. However, the businessman from Dongzhou could lie to him, which was a bit naive.
In the view of Jiang Tianzi and others, if Li Zhen thought that the Kyushu currency would depreciate, why would he allow the Dongzhou people to exchange it? Use valuable vouchers to exchange for useless paper? Isn't that crazy? Therefore, there must be a conspiracy behind it, and this conspiracy is to defraud Jiuzhou coins.
Jiang Tianzi said calmly: "Of course it is one billion Kyushu coins."
Li Zhen said without thinking: "Okay."
Jiang Tianzi was a little unsure: "I'm talking about one billion Kyushu coins, not your Kyushu voucher."
Li Zhen chuckled: "I'm also talking about Kyushu coins. I said, yes."
Jiang Tianzi and others firmly believe that the Kyushu currency will not depreciate, and firmly believe that Li Zhen is the Kyushu currency who deceived Dongzhou. So that the Ten Thousand Years Financial Group will have no capital and profits.
As everyone knows, the reason why Li Zhen opened the exchange of Kyushu coins was because he wanted to lend these Kyushu coins to the Xinyuan Kingdom...
(End of chapter)