Blackstone Code Chapter 762: As long as the money is in place, I can sell it myself
"This is your money, please take it."
In the bank, the teller girl placed all the cash that a customer requested to withdraw on the counter, and gave an envelope that could hold the money very thoughtfully.
The customer's withdrawal is not a lot, only two thousand one hundred yuan, and some change, an envelope is 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 walks up to the counter, and the girl is just like before, smiling and saying what has become almost instinctive.
What made her feel a little strange was that this woman, who looked to be in her fifties, actually came to withdraw money, and she also wanted to withdraw all the money in the account.
She felt something unusual, but it came and went quickly, he was at work and didn't have time to think about it, so she started serving this lady.
A few minutes later, 5,000 yuan of 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 doing withdrawals.
The arrival of the next client forced her to focus back on her work, glancing at the long line she didn't have much time to think about.
This scene is happening not only in the Imperial Royal Bank, but also in all the banks in the imperial capital and surrounding cities, and it is happening at a speed that people can't understand. quickly spread to other places.
The "little secret" circulated in the crowd was like a mischievous joke - there was no money in the bank.
Yes, "there's no money in the bank", that's what this rumor is all about, but in the process of spreading this rumor, it's hard for people not to add some new information to it subjectively to enrich this rumor. message to make it look like it wasn't a joke.
From "many people go to the bank to withdraw money" to "some banks have been unable to withdraw money" to "I heard that the recent incident involved some banks, these banks have been temporarily closed" and finally "The bank is going to fail"
The development of the rumor did not actually take much time. In two or three days, the rumor was like a bacterium that fell in a petri dish, spreading rapidly in the most perfect environment.
And all of this led to the birth of a terrible phenomenon.
Run!
What any bank is most afraid of is a run. Take the Bayer Federation as an example. Suppose a bank has a deposit of 1 million yuan, and this million cannot be in the bank's vault. The bankers also plan to Make money with this money.
Then there is a question, of a million deposits, how much can the bank take to invest or do something else?
The federal bank is divided into a multi-tier system, ranging from a maximum of 50% deposit margin to 12% deposit margin according to different tier systems and different policies in each region.
In other words, the bank can leave only 120,000 out of 1 million at the minimum, and the remaining 880,000 can be used for lending or investment. One hundred thousand can be used for other purposes.
But there is actually a small problem in the loop. For example, Bank B promises to guarantee Bank A. When Bank A runs on or is difficult to pay depositors, Bank B will allocate funds for Bank A to solve the problem. these questions.
Then they can sign a mutual agreement, whereby Bank A can maximize the depositor's funds for lending or investment.
This happened in federal history. 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 in the agreement". A's major shareholder was jailed for two years.
Of course, they also successfully and legally took away a lot of savers' money.
The banking system of the Gafra Empire is not much different from that of the Federation. After all, in a certain way, many of the Federation's rules are "borrowed" from the Gafra Empire.
Later, in the process of social development, these rules were gradually replaced by new rules with federal characteristics, but in general, the two sides can be said to be from the same source.
In Gafra, the biggest bank is the Royal Bank of the Empire, because behind it is the royal family, and the money of the treasury is also stored in this bank, which gives the Royal Bank the greatest confidence. Their deposit margin is more than People imagine less.
What happens once the security deposit in the bank is withdrawn?
Without the money to pay other depositors, the bank is in great danger, possibly even going bankrupt.
When this happens, those lenders will never rush to repay, they will just hold off as long as they can until the bank fails, and then buy out their "debt" at a cheap "price".
Suppose you have borrowed 1 million from the bank, and you have to pay back 1 million even if you repay it directly without interest.
You can wait for the bank to go bankrupt and hold an asset auction. They may buy their liabilities for 300,000 to 500,000 yuan, and legally save hundreds of thousands of dollars, so as long as people with normal brains know what to do at this time.
Now, the run wave has shown its power, and it doesn't even need the nobles to run the run, just the commoners can make the major banks overwhelmed.
The news of the run on major banks quickly fermented, and some TV stations immediately cut to the live broadcast, which also led to more people who did not know the news, and knew the news.
The bank is running out of money, people are already queuing up to start withdrawing money, and it will be too late if you don't go!
All kinds of people interviewed were either angry, anxious, or desperate to tell the reporter about their emotional changes, and it was not only themselves who collapsed, but also those in front of the TV.
"The Chancellor of the Exchequer is over!" Lynch looked at the long queue on the TV. Now that the situation was completely clear, he turned to look at his little brother, "How is the financial index of the exchange now? ?"
The youngest Earl ran to make a phone call, and then ran back, "Mr. Lynch, it has already started to fall, but it's less than one percent..."
"It's okay!" Lynch responded, then looked at the others, "Once a run on the bank occurs, it will be followed by a sell-off in the financial market."
“People will end their financial investment plans early, especially in large companies, because they are worried that they will not be able to access their money 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, looking at Lynch with admiration.
Although the two are about the same age, he still looks like a child, and Lynch is already swaying the struggle between the Prime Minister and the Chancellor of the Exchequer in another way.
Finding the feeling of the father in the 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, and the little earl was actually a little shy.
Unable to bear the urge to get goosebumps, Lynch looked away, "Previously, the Chancellor of the Exchequer used various methods to force listed companies to repurchase more or less tradable shares, in order to drive up the price of the stock and stabilize it. live with the market.”
"It also created a phenomenon that no one expected, that is, the pockets of these large companies became very little liquidity."
"I'm a businessman, I have more than one company, and I know very well that businessmen are very strict with their liquidity management."
"I'm talking strictly not that they want to make sure they have more liquidity, it's that they want to make sure that every penny of liquidity will not affect the operation of the company and face some unexpected situations. Flower out."
"This also means that the unplanned share repurchase has brought their current cash close to the warning line. Coupled with the bank run, it is even more impossible to draw any large amount of cash for these large companies at this time. If they If you want to resist risk, the best way is to sell stocks."
"How many stocks they bought these days, they are now spitting it out, and they have to sell more stocks to deal with a possible financial crisis!"
Lynch said a lot in one breath, and the nobles in the room listened very seriously, whether they really understood or pretended to understand, at least they seemed to understand.
If someone has a good memory, they may find that less and less people ask questions over time.
It's not that they can all understand Lynch's thoughts, but with their abilities, they can't raise more questions in these areas. After all, Lynch is a professional, they are not.
He took a short break, drank a little coffee, and ate a sweet little pastry, and continued, "In order to cope with the run, the banks will definitely tighten their cash and even collect some loans. "
"You should know that there are many companies operating in negative equity. If the banks don't want to go wrong, they don't want to be unable to pay or even go bankrupt because of a run~IndoMTL.com~ 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 taken away by the bank, these companies will not be able to survive the next payday and will go bankrupt!"
"And now until the next release date..." Lynch said, looking at the others.
This question is not difficult. The nobles immediately showed a deeply involved smile, and many people rushed to answer, "It's only a week away!"
Lynch nodded, which made every noble who answered this question have a kind of heartfelt joy, not only because they participated in the whole process and interacted with Lynch, but also because they You get this crucial question right.
As long as people participate in it themselves, there will be a kind of inexplicable emotion, a kind of emotion that people can't understand.
Lynch breathed a sigh of relief, "This game will end soon, and then it's time for us to fight for the benefits."
"The Chancellor of the Exchequer will step down, His Majesty will enter, and each of us will be worth more!"