Magic Tower Starry Sky - Chapter 1479

Among the people who are close to a certain time-traveling group, it is not only World Tree and the elves who are concerned about the development of the bank, a certain retired grand duke is also very concerned.

Ever since he left the affairs of the territory to his own son, the retired old duke spent his days eating, drinking and playing with public funds, and he was very happy. Even his old friend, who is the emperor of a country, couldn’t stand it anymore, so he was tossing about calling people into the imperial capital every three days.

Anyway, it is so convenient to order a car, and it takes only two or three days to arrive, unlike the past that took more than half a month to go. Then go to the Imperial Capital to meet up with old friends. Maybe goodbye, not many times.

And sometimes, the status of a retired old duke is suitable for doing many things that are inconvenient for other nobles. Coupled with his relationship with the magician in the holy city, he is almost about to become the emperor’s exclusive liaison officer.

There is no way around this, a certain magician has done too much, even if there are think tanks who specialize in research and analysis, they may not be able to fully see through that person’s true intentions. So it makes sense to ask the originator of everything from time to time. Whether you tell the truth or not, or tell it all, it is always a reference.

Besides, whether it is to set up a set-up bank to earn interest on lending, or to borrow money to do business, it is quite attractive to nobles. So even if the old duke didn’t speak for the emperor, he still wanted to see if the Duke of Kavi was suitable for the development of these things.

Even if he retires, his influence will always be there. As for the family’s territory, how could one not wish for it to develop more and better.

A certain magician only mentioned one sentence: Do you still remember that His Majesty the Emperor promised him that he would consider issuing a nationwide order according to his request. Then he showed a certain document on the screen of the water mirror skill thieves, so that the old duke could see it clearly.

It is written in a rich and emotional way, feeling that the subjects of the empire are suffering from debts, and there are improper behaviors such as trafficking in wives and children, or selling land titles.

From now on, stop all improper sales and repayment of debts, and allow those who are unable to repay to request cancellation of all debts. If there is any improper behavior that has been performed, you can appeal to the emperor for arbitration, return the occupied territories, wives and daughters, and deprive those who are incompetent from the title of heir.

This is the beginning of virtue and will never end.

Writing a decree is actually a law that approves everyone’s legal repudiation, and even has a strong implication. It was seen that a retired old prince had numb scalp, flushed face, and rapid heartbeat, as if he was about to have a stroke.

Not to mention that those who are unable to repay the money are regarded as the gospel, and those who are able to repay the money are not pretending to be stupid. Anyway, once this law is promulgated, those who pay back the money seriously will be fools in the eyes of others.

In today’s lost land, except for the Karlsruhe Empire in the south, which is undergoing restructuring and is moving towards a country ruled by law, other countries basically follow the leader’s words. There is no need to deliberately engage in steps such as third reading, announcement, and implementation.

This decree was promulgated by the emperor’s mouth, although it did not involve other countries, or vassals of vassals. However, government affairs will have the effect of imitation. As long as it is beneficial, without the emperor’s supervision, the people below or people from other countries will of course follow suit.

As for the victims, there are only those who set up the set-up banks, and then there are those who deposit their money in these fake banks. As long as the decree is promulgated, it can be said that Bao Zhun will catch all of them, and no one will be spared.

For the former, the old prince only thought of one end—death. Can’t think of any other kind of end.

But the losses of the latter are also real. Don’t they deserve sympathy?

In response to the old Duke’s question, Lin only replied: The lesser of two evils. He did not require the emperor to ‘must’ promulgate the laws he proposed, and the original agreement was only to have a direct channel to Tianting. To do or not to do it, the decision is of course in the hands of the emperor, someone does not interfere.

That is to say, Lin did not explain the problem of which side is more worthy of sympathy, when there are a large number of people who cannot pay their debts, they or the people who lend money. After all, the situation of the former is only on paper and has not really manifested itself, so the old Duke has some concerns about the decree.

In fact, two years after this conversation, the German government decree was officially promulgated by Emperor Armin Kazarnia of the Gwana Empire. And in a very short period of time, it became a general decree at the consensus level of the lost ground.

Of course, with the promulgation of the decree, many vendettas caused by money disputes have emerged. There are banks for creditors who deliberately owe money and do not pay back, and there are bank joint depositors for all people, whether they are unable to repay or deliberately default.

Most of the money is stored in the set bank, and in the end it is really locked up, and the people who can’t get a penny back, they carry out revenge actions against the set bank personnel.

These people don’t want to bypass the bank and go directly to creditors who owe money and don’t pay it back. Because the creditor’s rights do not have a clear attribution to them, it is the bank that owes them. So of course, look for these banks with clear goals.

This caused turmoil in many places, but the noble lords suppressed them ruthlessly without exception.

Such a result must be seen from the lending relationship before and after the appearance of the set bank.

In the old days, it was very difficult for Midi people, no matter they were commoners or nobles, to borrow money. Even if the interest on borrowing money is quite high, people who lend out will worry about whether they can at least recover the principal, let alone earn interest.

So if you want to borrow money, you must either have a good relationship or a good reputation.

People who have a good relationship know each other well, and of course they know whether the other party has the ability to pay back the money. Make sure that the money is only for a temporary emergency, rather than a lifetime of poverty.

Of course, it is impossible for a person with a good reputation to let the news that he owes money and not repay it spread to the outside world, damaging his reputation. And most of these people are capable; even if they can’t get it for a while, he still has a way to borrow another one and pay back the expired one. If the reputation is really bad, then borrowing money becomes delusional.

Therefore, in this land where the financial economy is still quite backward, the establishment of a loan relationship is not that simple. Even when each loan is established, the person who lends it has the psychological preparation that it cannot be recovered.

More importantly, if the bankrupt is declared because the money has not been paid, the creditors usually will not choose to kill them all. Instead, the debt will be settled in other ways.

Aristocrats selling their land and titles, ordinary people selling their sons and daughters or even their wives are of course normal operations. But no one will go for this goal from the very beginning. Unless both parties really have their own calculations, borrowing money is not for borrowing money, but for seeking family property.

But as long as it is a normal loan relationship, no matter what the final outcome is, basically people can still live.

Besides, the lost land of this era is not a society where it is difficult to move without money. With a knife, you can support yourself by hunting. With a little strength, you can open up wasteland in the wild, grow crops, and support yourself in the same way.

In Midi, it is not so difficult to survive.

But when the profit-chasing suitcase banks appeared. They are under pressure to pay depositors interest and employee salaries, so they have to lend out the funds they have collected, or invest in other projects that can generate benefits.

In addition, this is an imperfect economic system, and there is no relevant financial regulatory system at all. In this market where the set-level banks collect deposits and lend money, it can be said that it is a night of ghosts and a group of demons dancing wildly.

Let me just say the simplest example. The first people to create a set of banks obviously had advanced financial knowledge. Know to keep a certain amount in reserve for those who exchange vouchers for coins.

But other people who imitate don’t understand it at all. They don’t know what kind of reserve fund, if they save one thousand gold coins, they dare to lend paper money worth two thousand gold coins or three thousand gold coins! Otherwise, how did the depreciation of banknotes come from.

In addition to the problem of the bank’s own capital utilization, they also have considerable problems in lending!

In the old days, only those who really needed it and had insufficient funds at hand would consider borrowing money. But for a land where the financial environment is quite primitive, there are relatively few people who will encounter this situation. Even if you encounter it, you will ask someone close to you for help instead of looking for an unfamiliar bank.

But when the set-up banks appear and there is pressure to lend money, mutual aid and poverty relief are all bullshit!

Remember the main point, banks are for-profit organizations, not charities.

Since the purpose is to make a profit, those who really need a sum of money may be able to tide over the difficulties—or they may not—as long as they cannot provide collateral, they will be excluded by the bank first.

From the standpoint of the bank, they have no obligation or right to take other people’s money to bet on whether a person can turn over.

The best lenders are the nobles and lords of various places, because these people must be able to come up with some valuable collateral. Some country gentry and landowners are also available, but most of these people are people who save money in banks, not people who need to borrow money.

As for those civilians who have nothing, unless the people who opened the bank have other ideas, they will approach this direction.

But these ideal lenders have no need to borrow money, so what should we do?

At this time, it is up to the people in the casing bank to take the initiative to describe all kinds of beautiful visions. UU Reading www.uukanshu.com And this vision happens to be impossible for them to achieve with their original strength, then the bank can intervene with the reason of helping people realize their dreams.

In the case of noble lords, it is all kinds of infrastructure construction and business establishment, as if they can be sold smoothly after making a piece of garbage, making a big profit in the market. If any benevolent policy comes out, the citizens will work hard to have children, work hard, and pay taxes hard.

For ordinary people, it means starting a business and becoming a boss, turning a small workshop into a large factory, renting a house to buy a house, and upgrading a ten-square-meter hut to a thousand-square-meter mansion! It was as if borrowing this money, turning myself into a landlord and old fortune every minute, and living a happy life.

In short, the bank has lent out the money and earned interest; the people who borrowed the money have done their own big things, improving the quality of life and social status. The seemingly beautiful situation where both parties win, actually fails to take into account two important points.

First, is the thing under the beautiful vision really necessary?

Second, is the borrower really capable of repaying the money in the future?

From the standpoint of the bank, with collateral and creditor’s rights in hand, you can carry out various operations, and you can make money without losing money!

However, people who borrow money are essentially prepaying their own future! If the future self deserves to live such an enjoyable life and is qualified to stand in that social status, then there is nothing to say. The advance payment here is just to enjoy in advance.

But what if it doesn’t deserve it? Is everything just a mentality of slapping a swollen face to pretend to be a fat man?