Blackstone Code

"This is your money, please keep it."

In the bank, the teller girl placed all the cash that a customer requested to withdraw on the counter, and thoughtfully gave her an envelope that could contain the money.

The money withdrawn by this customer was not a lot, only 2,100 yuan, and some change. An envelope was more than enough.

After he counted the money twice in front of 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 those words that were almost instinctive.

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

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

A few minutes later, five thousand 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 over, the teller girl turned her head and looked at the other counters. She was a little confused because every window seemed to be handling withdrawals.

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

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

The "little secret" circulating among the crowd is like a bad joke: there is no money in the bank.

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

From "Many people go to banks to withdraw money" to "Some banks can no longer withdraw money" to "I heard that recent events have involved some banks and these banks have been temporarily sealed" and finally "Banks are demanding B"

In fact, the development of the rumor did not take much time. In two or three days, the rumor was like bacteria dropped 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 fears most is a cash run. Take Bayler Federal as an example. Suppose a bank has depositors with one million in deposits. It is certainly impossible for all of this million to be in the bank's vault. The bankers plan to use this money. Money makes money.

So there is a question here. How much of a million deposits can the bank take away for investment or other things?

The federal banks are divided into multi-level systems. According to different levels and different policies in each region, deposit guarantee deposits range from a maximum of 50% to a deposit guarantee of 12%.

In other words, the bank can at least keep only 120,000 out of one million, and the remaining 880,000 can be used for lending or investment. At most, they must leave a deposit of 500,000, and only 500,000 can be used. for other uses.

But here, there is actually a small problem of trapping. For example, Bank B promises to guarantee Bank A. When Bank A encounters a run or has difficulty paying depositors' deposits, Bank B will allocate funds to Bank A to solve these problems.

Then they can sign a mutual agreement, so that Bank A can use all depositors' funds for lending or investment to the maximum extent.

This kind of thing 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' deposits on the grounds that "bankruptcy is not included in the agreement." As a result, the lawsuit was never settled until the end. The shareholder spent two years in jail.

Of course, they also successfully and legally took away many savers' money.

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

Later, during the development of society, these rules were gradually replaced by new rules with federal characteristics. However, in general, both sides can be said to have the same origin.

In Gafra, the largest bank is the Imperial Royal Bank, because behind it is the royal family, and the national treasury money is also stored in this bank. This gives the Royal Bank the greatest confidence. Their deposit margin is higher than people think. less.

What will happen once the deposit in the bank is withdrawn?

Without money to pay other depositors, the bank is in great danger and may even go bankrupt.

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

Suppose you borrowed one million from the bank and repaid the loan directly even without interest, you still have to pay back one million.

But when the bank goes bankrupt and the assets are auctioned, they may buy out their liabilities for 3 to 50 million, legally saving hundreds of thousands, so anyone with a right mind will know what to do at this time.

Now, the run trend has shown its power. It doesn't even require nobles to run. Just common people can make the major banks unable to bear it.

News of the run on major banks quickly spread, and some TV stations immediately cut into the live broadcast, which also led to more people who didn't know the news to know the news.

The bank is running out of money. People are already queuing up to withdraw money. If you don't go, it will be too late!

Various people interviewed were either angry, anxious, or desperate and described their emotional changes to the reporter. It was not only themselves who collapsed, but also those in front of the TV.

"The Chancellor of Finance is finished!" Lynch looked at the long queue on the TV. Now that the situation had become completely clear, he turned his head and looked at his little fan, "How is the exchange's financial index doing now?"

The youngest earl rushed to make a phone call, and then ran back again, "Mr. Lynch, the decline has begun, but the decline is less than 1%..."

"It doesn't matter!" 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 because they are worried that they will not be able to withdraw their money or that they will not have enough cash, especially some large companies."

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

Although the two are obviously about the same age, he is still like a child, but Lynch is already influencing the struggle between the Prime Minister and the Chancellor of Finance in another way.

Finding the feeling of fathers 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 earl's face for a while longer. The little earl was actually a little shy.

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

"This has 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. I have more than one company. I know very well that businessmen are very strict about the management of working capital."

“What I mean by strict is not that they have to ensure that they have more liquidity, but that they have to ensure that every penny of liquidity is spent without affecting the company’s operations and facing some emergencies. "

"This also means that unplanned stock buybacks have brought their current cash close to the warning line. Coupled with the bank run crisis, it is even more impossible to withdraw any large amounts of cash to 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 them out now, and sell more stocks to deal with the possible financial crisis!"

Lynch said a lot in one breath, and the nobles in the room listened very carefully. Whether they really understood or pretended to understand, at least they seemed to understand.

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

It's not that they all can 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 and ate a piece of sweet pastry, and continued, "In order to cope with the bank run, the banks will definitely tighten their cash flow and even collect on some loans."

"You should know that many companies are operating with negative equity. If banks don't want to have problems, and don't want to be unable to pay or even go bankrupt due to a run, their best way is to get their money back."

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

"And now there's still a long way to go until the next release date..." Lynch said and looked at the others.

This question is not difficult. The nobles’ faces suddenly showed smiles of deep involvement. Many people rushed to answer, “Only one week!”

Lin Qi nodded, which made every noble who answered this question feel happy from the bottom of their hearts, not only because they participated in the whole process and were able to interact with Lin Qi, but also because they answered this question correctly. critical question.

As long as people participate in it themselves, they will have an inexplicable feeling, an emotion that no one can understand.

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

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