Blackstone Code Chapter 1478: Cannot withdraw money
The purpose of Lemar National Bank's announcement of almost triple the savings interest is to absorb idle funds from the society as soon as possible.
When people react that their profits from industrial production are not high enough in banks, and there is not even a little bit of risk in banks, a lot of money will flow back to banks.
And the president also knew this through the description of the president, but sometimes, knowing is more painful than not knowing!
If he didn't know the answer, he could put the blame entirely on the president, but now that he knows, he has to explain the reason to the operators of the private banks and the shareholders behind them.
Why.
National Bank's savings interest rate will rise so much at once!
The people on both ends of the phone fell into silence at the same time.
The president's silence is a desperate silence, and he has realized what will happen next.
It is because he clearly realizes this that raising interest on savings is the last thing he can do for the National Bank, for the President, for himself and even this country.
The president's silence is because he thinks it's possible... things haven't been as pessimistic and desperate as the president said.
He didn't feel the suffocation, nor the fear of being slowly drowning but unable to struggle. He felt that the president might be exaggerating.
He is not only himself, but also the Pengjiao people behind him. If things really reach the day when they cannot be undone, he is not without a last chance, and there is also a way out!
He admits that the Federals are powerful, but he, the Lemar, is not without the slightest resistance.
This isn't Nagalil after all!
This is... the Republic of Lemar!
The abnormal changes in the Lemar market immediately attracted the attention of international hot money. For these hot money with only capital and no country and position, they don't care what they are going to do next.
They only care if they can benefit from it, how much money they can make, and that's it.
If digging their own graves can bring a lot of benefits, they don't mind burying themselves - as long as the benefits of burying themselves outweigh the cost of their own death, then why can't they do it?
People still don't know what's going on here, good or bad, but they have a vague idea of what's going on here.
Because they saw Lynch!
In the field of international finance, Lynch is a very famous person!
He may not be like a Ph.D. in some fields, a professor, how many papers related to finance have been published, and how many theories that future generations cannot avoid.
He doesn't have many academic achievements, but no one can ignore his presence.
Because he never came to "virtual", he would not play with those academic studies, he would only come to the real.
The "war" against Nagalil completely established Lynch's achievements and status in this field. He, with his own strength, promoted the complete elimination of Nagalil's national currency!
He turned a country's currency into waste paper and then eliminated it. This kind of thing has never been imagined by anyone except him!
But he not only thought about it, but also realized it, which also means that Lynch will be an inescapable page in the history of world finance.
If I had to list the 100 greatest in finance in history, there would always be Lynch.
And now, this Lynch, who personally created the "Galil Massacre", appeared again in Lemar, who had diplomatic friction with the Federation some time ago. Even a pig knows what he is going to do!
Lemar's bad looks add to another situation - nobody wants to sell to them anymore!
Aares is not an international currency of calculation, which means that arees do not have the value of exchange in international circulation.
No bank will take these things, and now the National Bank of Lemar and various banks are short of cash, which means that if they want to buy something from the international market using areas as a currency, the seller will often refuse .
They'll ask Lemar's merchants to pay in a more mainstream settlement currency, such as Federal Sol, or they'll take a lot of risk.
No one wants the currency they recovered to keep plummeting and even become waste paper.
Even a rate hike by Lemar National Bank will not change the situation.
About a week has passed, and the National Bank's reserves seem to have increased a lot. It has exceeded 15%, and it can basically be satisfied with normal daily use.
But the president was not the least bit happy. This week, he was under a lot of pressure.
From the operators of private banks and the forces behind them, those people even sent him death threats, demanding that he cut interest rates as soon as possible.
A run on these small banks is brewing and could erupt anytime, anywhere.
But in the face of this situation, the President has nothing to do except keep silent and disappear!
In fact, it is not only the president who is anxious, but the worker Kent, who has been suspended for ten days, is also anxious. He finds that he has the money in the bank at the door of his house and can't get it out.
He could have deposited his money in the National Bank, but considering that the bank in front of his home is closer to his home, and the interest on savings is higher, he has it.
Now that he has no money in his hand, he wants to take out some of his savings, but the bank where he deposited it told him that he can't take it out now.
"I'm sorry, Mr. Kent, from my side, there seems to be something wrong with your signature..."
The teller, a woman in her fifties and a little fat, pointed to Mr. Kent's signature on the application form and pointed the tip of her pen somewhere, "This is a little different from the signature you left at the bank..."
Kent frowned, "So what?"
The fat lady smiled. "Your signature differs in characteristics from the signature you left, so we cannot be sure that you are the account holder."
"According to the bank's regulations, we will notify the owner of this account, and we can only allow you to withdraw money from here after confirming that the account information is not lost and your signature is consistent with the signature features you left. Go!"
The fat lady said a lot of words, the core meaning is that the money today cannot be withdrawn.
But Kent didn't hear it so clearly, his voice was a little louder, "Damn, the information on this account is me, I'm sitting here, what else do I need to prove?"
The fat lady still kept a smile in the face of Kent who suddenly raised her voice, "Sorry, Mr. Kent, the way we confirm the identity of the account is through the ID information reserved above and..."
Before she finished speaking, Kent took out his ID and interjected, "And what?"
The fat lady looked at the documents and was recalling whether she had seen this person, otherwise how would he know to bring the documents?
However, her expression did not change much, "...and confirm the phone information you reserved, we will call this number according to the phone number you reserved, if you are Mr. Kent, call us to confirm After one click, you can withdraw the money from the account."
The fat lady picked up the receiver and dialed the phone, but soon she shook her head, "Sorry, no one answered, so I can't confirm that you are Mr. Kent, these documents can only prove part, not all ."
Kent is dumbfounded watching the fat lady operate, how could he be answering the phone at home at the same time when the **** someone else is in front of the bank counter?
How can he come to withdraw money if he answers the phone at home?
His voice was raised again, "I have never encountered such a situation before withdrawing money, I want to see your manager, I want to complain to you!"
The fat lady seemed quite indifferent. She pointed to the form beside her, "Of course, Mr. Kent, this is your power."
"You go and fill out that complaint form, sign and hand it to me, and I'll pass it on to the duty manager..."
Kent slammed the table and grabbed a form and quickly filled it out, but the fat lady told him to re-queue.
He fell into a kind of extreme mania for a moment, gasping for breath, staring viciously at the fat lady.
The fat lady was not afraid that Kent would hurt her, but smiled indifferently.
Seeing Kent walking towards the end of the line, she turned her attention to the next person, and continued to show her professional smile.
"...Ma'am, are you not the account holder?"
"Yes, she's waiting for your call at home..."
It seems that the holder of this account has also experienced what Kent experienced. In order to completely solve this cycle, the holder of the account stayed at home and waited for the call.
But they still underestimate the shamelessness of the bank. The fat lady regretfully returned the withdrawal form, "Sorry, the bank now stipulates that you must be present in person to withdraw money."
"Next..."
The re-queuing Kent is furious at the end of the line ~IndoMTL.com~ The people here are waiting, they just don't seem too anxious.
Some of them talked about some things about withdrawing money these days. In short, no matter what you do, you can't get the money.
And this complaint seems to have aroused a wide range of recognition, and soon people before and after began to agree, and more and more people realized that the inability to get money is not their own, but a common Phenomenon!
This makes people have to fear, and even wonder, if the bank is out of money, why can't they cash their deposits?
Once this dreadful thought has been ignited, it cannot be extinguished again.
Those who have been tortured by banks for days finally understand the real reason.
They couldn't get the money, because there was a problem with the signature, because they didn't answer the phone, or because they didn't come to withdraw the money.
But... no money!
In an instant, in less than ten minutes, the surrounding residents rushed over and asked to withdraw money...