blackstone code

Chapter 762 As long as the money is in place, I can sell it myself
"This is your money, please keep it."

In the bank, the teller girl placed all the cash requested by a customer on the counter, and kindly gave an envelope that could hold the money.

The customer did not withdraw a lot of money, only 100 yuan, and some small change, more than enough for an envelope.

After counting the money twice at the counter, he smiled as if he was relieved, said goodbye to the teller girl, and left.

The next customer walked up to the counter, and the girl was just like before, smiling and saying what had become almost instinctive.

What made her feel a little strange was that this lady, who seemed to be in her fifties, was also here to withdraw money, and she also wanted to withdraw all the money in the account.

She felt something strange, but this feeling came and went quickly, he was at work, there was no time to think about it, so she began to serve this lady.

A few minutes later, 5000 yuan in cash was neatly placed on the counter. After counting the money, the female customer muttered something and left with the money.

Before the next customer came, the teller girl turned her head to look at the other counters. She was a little dazed, because every window seemed to be handling cash withdrawals.

When the next client came, she had to turn her attention back to her work, glanced at the long queue, and she didn't have much time to think about it.

This scene happened not only in the Imperial Royal Bank, but also in all the banks in the imperial capital and surrounding cities, and it was happening at a speed that people could not understand.quickly spread to other places.

The "little secret" that was circulated among the crowd was like a prank - there was no money in the bank.

Yes, "there is no more money in the bank", this is the whole content of this rumor, but in the process of spreading this rumor, it is difficult for people not to add some new information to it subjectively, to enrich this news, Make it look like it's not a joke.

From "Many people go to the bank to withdraw money" to "Some banks can no longer withdraw money" to "I heard that the recent incidents have involved some banks, and these banks have been temporarily closed" and finally "Banks want to withdraw money." shut down"

The development of the rumor didn't take much time. In two or three days, the rumor was like bacteria in a petri dish, spreading rapidly in the most perfect environment.

And all this led to the birth of a terrible phenomenon.

Run!

What any bank is most afraid of is a run on phenomenon. Take Baylor Federation as an example. Suppose a bank has 100 million deposits from depositors. It is impossible for the 100 million to be in the bank's vault. The bankers still plan to use this money to make money .

Then there is a problem here, how much of a deposit of 100 million can the bank take away for investment or other things?
Federal banks are divided into multi-level systems. According to different level systems and different policies in each region, the deposit margin varies from up to 50.00% to [-]%.

That is to say, the bank can only leave 100 of the 12 million at least, and the remaining 88 will be used for loans or investments. At most, they must leave 50 as a deposit, and only 50 can be used for other purposes.

But here, there is actually a small loophole. For example, bank B promises to guarantee bank A. When bank A runs or fails to pay depositors, bank B will allocate funds to solve these problems for bank A.

Then they can sign a mutual agreement, so that bank A can maximize the depositor's funds for lending or investment.

This kind of thing has happened in the history of the Federation. As a result, Bank A failed to invest and went bankrupt. Bank B refused to pay all depositors on the grounds that "bankruptcy is not within the agreement". Shareholders served two years in prison.

Of course, they also successfully and legally took away the money of many depositors.

The banking system of the Gefla Empire is not much different from that of the Federation. After all, in a certain way, many rules of the Federation are "borrowed" from the Gefla Empire.

Later, in the process of social development, these rules were gradually replaced by new rules with federal characteristics, but in general, both sides can be said to come from the same source.

In Gafla, the largest bank is the Imperial Royal Bank, because behind it is the royal family, and the money from the treasury is also stored in this bank, which gives the Royal Bank the greatest confidence. Their deposit guarantee is higher than people imagined. less.

Once the security deposit in the bank is withdrawn, what will happen?
Without money to pay other depositors, the bank is in great danger, possibly even going bankrupt.

When this happens, those lenders will never be in a hurry to repay, they will just delay as long as possible until the bank fails, and then buy out their "debt" at a cheap "price".

Suppose you borrowed 100 million from the bank, and you have to repay 100 million even without interest.

But when the bank goes bankrupt and conducts an asset auction, they may buy their own liabilities for 50 million yuan, legally saving hundreds of thousands, so anyone with a normal mind knows what to do at this time.

Now, the bank run trend has revealed its power, and the nobles don't even need to run on it, just the common people can overwhelm the major banks.

The news that the major banks were being run on quickly fermented, and some TV stations immediately cut into the live broadcast, and this also led to more people who did not know the news, to know the news.

The bank is going to run out of money, and people are already queuing up to withdraw money, and it will be too late if you don't go!

All kinds of people interviewed were angry, anxious, or desperate and told reporters about their emotional changes. It was not only themselves who collapsed, but also those people in front of the TV.

"The Chancellor of the Exchequer is finished!" Lynch looked at the long queue on the TV. Now that the situation has become completely clear, he turned his head to look at his little fanboy, "How is the financial index of the exchange now?"

The youngest earl ran to make a phone call, and then ran back, "Mr. Lynch, the decline has already begun, but the decline is less than one percent..."

"It's okay!" Lynch responded, and then looked at the others, "Once a bank run occurs, it will immediately lead to a sell-off in the financial market."

"People will end their financial investment plans early, especially some large companies, because they are worried that they will not be able to get their money out or that they will not have enough cash."

Lynch took out a cigarette, and the youngest earl immediately lit a cigarette for him with a lighter, and looked at Lynch with admiration.

Obviously the two are about the same age, he is still like a child, and Lynch is already controlling the struggle between the Prime Minister and the Chancellor of the Exchequer in another way.

Finding the feeling of fatherhood in peers will leave the deepest shock to those young people, a kind of blind worship.

Lynch said thank you, and his eyes stayed on the little count's face for a while, the little count was actually a little shy.

Resisting the urge to get goosebumps, Lynch looked away, "The Chancellor of the Exchequer used various methods to force those listed companies to repurchase more or less outstanding shares in order to boost the stock price and stabilize the market. .”

"It also created a phenomenon that no one expected, which is that these large companies have very little liquidity in their pockets."

"I am a businessman, and I have more than one company. I know very well that businessmen have very strict management of working capital."

"What I'm talking about strictly is not that they want to ensure that they have more liquidity, but that they want to ensure that every penny of the liquidity is spent without affecting the operation of the company and facing some emergencies. "

"This also means that the unplanned stock repurchase has brought their current cash close to the warning line. Coupled with the bank run turmoil, it is even more impossible to withdraw any large amount of cash from these large companies at this time. If they want to resist risk, the best way is to sell stocks.”

"How many stocks they bought these days, they have to spit it out now, and they have to sell more stocks to deal with the possible financial crisis!"

Lynch spoke a lot in one breath, and the nobles in the room listened very carefully, no matter whether they really understood or pretended to understand, at least they seemed to understand.

If someone has a better memory, they may find that as time goes by, fewer and fewer people ask questions.

It's not that they can all understand Lynch's thoughts, but with their abilities, they can't ask more questions in these aspects. After all, Lynch is a professional, they are not.

He took a short break, drank some coffee, ate a small sweet pastry, and continued, "In order to cope with the run, the banks will definitely tighten their cash and even call on some loans."

"You should know that many companies are operating in negative equity. If the banks don't want to go wrong, and don't want to be unable to pay or even go bankrupt because of the run, their best way is to get the money back."

"This also indicates that some companies will have major financial problems. Once the funds on their books are siphoned off by the banks, these companies will go bankrupt if they cannot survive the next payday!"

"And now the next release date is still...", Lynch said here and looked at others.

This question is not difficult, and the faces of the nobles suddenly showed a smile of deep participation, and many people rushed to answer, "It's only a week!"

Lynch nodded, which made every noble who answered this question feel joy from the heart, not only because they participated in the whole process, but also because they were able to interact with Lynch, and because they answered this question correctly critical question.

As long as people participate in it by themselves, they will have an inexplicable feeling, an emotion that people cannot understand.

Lynch breathed a sigh of relief slowly, "This game will soon end, and it's time for us to fight for the benefits."

"The Chancellor of the Exchequer is about to step down, His Majesty is about to step in, and each of us will become more valuable!"

(End of this chapter)