Blackstone Code Chapter 1477: It belongs to Lynch’s crushing
When an ordinary Lemar resident walks into the lobby of the National Bank with his real estate title certificate, he can easily apply for a mortgage loan and make a loan on the same day, it is enough to imagine how tempting it is for people!
Nowadays, most people need money, and the material shortage in society is gradually emerging. This is no longer the era of barter.
It doesn't mean that you can get what you want from someone else by holding something you think is valuable.
You have to get the money out!
This is also an inevitable result of social development and evolution. In fact, fundamentally speaking, using currency to buy commodities is essentially a kind of barter, because we all know that currency itself is also a commodity.
It's just that this kind of commodity is very special, it powers the purchase to a certain extent and is directly reflected in the ontology of the commodity, so this commodity as a reference becomes more and more important.
Banks are willing to lend, and more and more people walk into the bank, so that the money it can mobilize is getting less and less!
The president, who knew about these things, yelled at him and greeted the head of the loan business from top to bottom. If it wasn't for his temperament, he might have already started.
When people make a decision, their position and attitude change will be more determined than people think.
Like a woman. .
When she loves you unconditionally, you can tug at her by the hair behind her back while you say humiliating things, and she'll think as long as you're happy, she'll be happy.
But when she doesn't love you, you're like a maggot in her eyes, and she won't mind lifting her high heels if she can kill you with one foot.
On some issues, people's positions have changed, and their attitudes have been determined, beyond people's imagination!
After these two days, the head of the loan business decided to make a good impression on the new owner. At this time, facing the head of the National Bank, he did not panic at all.
"President, there is no administrative document telling me that we are going to stop lending, so I just followed my job and did what I was supposed to do..."
Of course there can't be an administrative document that says "Because we don't **** have money, so don't give **** loans to other people", that kind of thing can't be done.
And the president can be sure that he and the loan business supervisor have greeted him, and he will not approve the loan business during this time.
His defense unexpectedly calmed down the president. He stared at the subordinate in front of him, as if he was meeting him for the first time.
I looked at it carefully, eyes full of discovery, disbelief and disgust.
He pursed his lips, "I see, you've been fired, let's take over the job."
The head of the loan business was also stunned for a moment. He did not expect the president to be able to dismiss him so decisively. He tried hard, "The dismissal of my position requires a meeting to discuss, and you have no right to do so." /
The president sneered, "Then from now on, you are on vacation, when will you come back to work and wait for my notice, is there any problem now?"
Personnel management, including work and vacation arrangements, the president has a lot of power in this regard, and there is no embarrassment for him to do so.
The head of loan operations pursed his lips and looked at each other for a few seconds, then complied with the decision.
"If that's what you want, then I'll take a break..."
Before he could finish speaking, the president pointed to the door and said in a relatively calm but trembling voice, "Get out, get out of my room!"
There was an almost uncontrollable anger in his voice. He pointed at the door with his right hand and clenched his left into a fist.
The head of lending takes a few steps back, then turns to leave.
He wanted to say something nice, but after seeing the look in the president's eyes, he decided to keep his mouth shut.
As soon as he left the office, the president fell into his chair as if he had collapsed, and his body lost all strength in an instant.
After a while, he reluctantly picked up the phone. At this time, his body gave him the feeling that he was hungry for a week, and there was no energy in his body.
On the other end of the phone is the President. After the call was connected, the President had already spoken, but the President did not know what to say.
He held the phone and listened to the president's voice from a little impatient, to completely impatient, and then to hanging up the phone, and his actions didn't change.
The busy tone on the phone goes on for a while, and then goes out completely, which means it's completely over and the line is closed.
He looked at the receiver in his hand and put it back in a daze.
What should I do now?
He sat in his chair and asked himself.
He wanted Mr. President to issue an announcement, and then the bank to issue another announcement, so that there is still some newly printed money in the warehouse, which can be somewhat resisted.
But soon, he gave up.
The invisible enemy has strangled the neck of the bank, and once the run begins, everyone will be the enemy of the bank!
This can no longer be solved by issuing new coins, unless the President can approve him to print hundreds of billions at a time, but obviously, this is impossible.
No matter what idea you come up with at this time, there is nothing you can do.
An hour later, the National Bank of Lemar suddenly announced that the annual interest rate for savings will be adjusted from 7.79% to 26.9%, and the interest rate after the increase is more than three times the original. !
The news quickly brought a brief period of calm to Lemar society, which was in the midst of ongoing chaos.
This means... what?
Simply put, if you deposit a thousand dollars in the bank for one year, you will have one thousand two hundred and sixty-nine dollars with interest after one year.
Last year, the best hedge fund in Baylor Federal didn't return more than 11 percent, which is only expected.
But in the bank, that's the value!
Some people are starting to walk into the bank and they are going to put their money in, after all that money will always be in their hands if not spent.
But put it in the bank and you get more.
Some people also began to apply for larger loans. When the deposit interest rate is adjusted but the loan interest rate has not been adjusted, it is a smart person to take a loan from the bank and deposit it into the bank.
Obviously, after the president's greeting, all loan business stopped again.
At 12:00 noon, the president's people found the president, and then he had a phone call with the president.
"You called the morning call, what happened, why did the bank interest rate adjust so high?"
There is exhaustion in the president's voice. If the Paradise Island Resort does not start work for a day, those workers will not let him go for a day.
Because it's a daily paycheck, these people have been without income for a few days, and they don't have much money left in their pockets.
This feeling of being in a desperate situation with no money to use anytime, anywhere, is hated by everyone, and they can only ask the president for trouble, because it is because of him.
Now comes the bigger trouble.
It's okay for the National Bank to raise interest rates, but what about those private banks?
After the national bank's interest rate has been raised to a terrible level, the depositors of the private banks will take their money out of the bank and put it in the national bank.
Unless private banks also keep up with the national bank's interest rate, at least not by too much, a difference of a few tenths is still ok.
Otherwise, private banks will soon face a run.
Private banks, to put it bluntly, are in compliance with the rules and authorized fund-raising activities within the rules and regulations. The money of these depositors is not honestly kept in the bank's vault.
These funds are also used by private bank operators to develop businesses or operate financial products, and even these funds are not in China!
They are even less able to resist risks. What's more troublesome is that those behind these private banks are those who are at the peak of Lemar's wealth or power.
The dissatisfaction they showed gave the President a headache. Now these banks can only stabilize their depositors and ask the President or the National Bank to explain the situation. The best way is to announce it to the public. The interest rate adjustment is wrong. , and then back to the original rate.
Otherwise, the only thing they can do is keep up with the National Bank interest rate, which is not something they can afford.
They have not achieved such a high net profit in terms of the utilization rate and profitability of depositors' funds, and they cannot support such high interest rates at all!
So, here comes the Presidential Accountability.
The president has a lot to say, but he doesn't know where to start, just standing there with the receiver.
About three or five minutes later, a sigh opened his mouth.
"We were fooled, Mr. President, Lynch and the Commonwealth."
"Raising interest rates is the only way we can save ourselves now. Once the federals start destroying the National Bank, not only me, but also you will be affected!"
The president was perplexed~IndoMTL.com~ his forehead was filled with the unpleasant cry of seagulls, "I don't understand!" This sentence meant for the president to clarify.
And the president, of course, is clear.
"Our loan to Lynch is in new currency, which is counterfeit from our point of view..."
The president suddenly interrupted him, "How could it be counterfeit money, isn't this money printed by a coin factory?"
The President's voice rose a little, "But there's no documentation that it ever existed, Mr. President, do you see what I mean?"
"There isn't any document that supports its existence in our cognition, what is it not counterfeit?"
"Even if we add some paperwork now, it's too late, and if I'm not mistaken, the Commonwealth should be ready to crush our economy, finances, and currency."
"I'm so stupid to forget how they dealt with Nagalil..."
"Mr. President, we're done!"