Chapter 2102 Black Friday
Professor Moriarty was silent for a moment, and said in a strange tone: "Joan, fortunately, you are not interested in the financial industry, otherwise with your brains, other speculators are only worthy of following your ass to eat ashes... You just mentioned The kind of assumption that I have come up with, if it happens in reality, the Ashan Empire will be looted by the financial turmoil, and the losses will even exceed losing a war with real knives and guns."
"Fortunately, this is just my fantasy." Joan wiped off the cold sweat, "Mr. Antron Yangbo, assistant to the president of the Central Bank of the Far East, would like to chat with you about the trend of the currency market. Can you spare an hour?" Would you like to have a cup of coffee with him in your free time?"
"Ah? You can talk to the top executives of the Central Bank of the Far East? Tsk tsk! Qiao An, how dare you say that you are not good at socializing? Isn't this very tactful!"
"It's not that I took the initiative to make friends with him, it's just a coincidence!" Joan said angrily, "Do you want to meet Mr. Antron?"
"See you! Of course I want to see you! I also want to invite that honored guest to have afternoon tea at the Du Leli Hotel."
Qiao An couldn't help being surprised: "Three years ago, you refused to meet with the Minister of Foreign Affairs of the Far East Kuntilian. How did you change your sex this time? The status of the assistant to the president is definitely not higher than that of the foreign minister."
"This has nothing to do with the status of the visitor, but because the times have changed." Professor Moriarty laughed dryly and explained: "I once had a small feud with His Royal Highness Roland, the prince of the Far East. I used to worry about revealing my identity. It will lead to retaliation, and now the people in the Far East are so focused on poaching you, a talented scholar, to take up a post at Courasberg University. It’s too late to please you, so how dare you settle old scores with your mentor? Haha! Didn’t expect that, Joan, now You are my big backer!"
Joan couldn't laugh or cry when he heard it, thinking to himself, why is the mentor's mentality a little bit like a bully?
"Okay, you set a time, and then I will ask Mr. Antron to find you at the Tuileries Hotel."
"Aren't you coming together?"
"No... I'm not interested in the financial speculation you guys are talking about. It's embarrassing that I can't get in the mouth. Besides, what's good about coffee? I'd rather eat iced watermelon at home alone."
"Hahaha~ brat, do as you please!"
After making an appointment to meet, Joan ended the call with the instructor, turned around and helped Antron call a carriage, and sent him to the Tuileries Hotel to meet Professor Moriarty.
That evening, when Joan was instructing Duoer in the laboratory to make iced watermelon juice with the "magic juicer" he invented, Professor Moriarty came back whistling.
With a smile on his face, the professor took a sip of the iced watermelon juice handed by Duoer, sighed comfortably, and then told his students that he had a good conversation with Brother Antron, and he made a gesture when he left the coffee shop. A decision to clear the warehouse as soon as possible and sell all the imperial gold notes in his hands.
Joan guessed that Professor Moriarty got some bad news from Antron, or on the contrary, Professor Moriarty told Antron his judgment on the future market of gold coins, and persuaded the other party to mobilize The financial power of the Far East government shorted the money.
In either case, the boom and bust of the gold banknote market is imminent.
Joan was thinking while drinking watermelon juice, then put down the empty glass, bid farewell to the tutor and Duoer, took out the "communication stone" after leaving the laboratory gate, and told Josephine the news that Professor Moriarty had left the field at a profit Madame, remind her to plan ahead.
...
The day when the empire's money collapsed came sooner than Joan expected.
The gold bills issued by the imperial government claimed to have sufficient collateral as a guarantee, and the imperial prime minister Earl Muller even publicly shouted the slogan of "100% acceptance" when he was interviewed by the newspaper, which was actually a lie.
The reason why Mr. Prime Minister dares to say this is that most people in the world are fools who follow others’ opinions, and they will not really exchange gold banknotes for magic crystals. In fact, the collateral prepared by the Imperial Bank for gold banknotes——Industrial magic crystals, worth It will not exceed one-tenth of the total amount of banknotes. The so-called gold banknotes have been a scam from the beginning. The reason why they can be maintained until now is because most people have not seen through this scam.
Ninety percent of the imperial government’s banknote reserve was based on bragging. It was inherently insufficient, and the gold and silver recovered from the banknotes had already been spent. Moreover, the market price of gold banknotes has been repeatedly speculated, and it has long been lower than when it was first issued. The price is much higher, and the asset price on paper is like a rapidly expanding bubble, which has greatly exceeded the acceptance capacity of the Imperial Bank. Once the bubble bursts, it will definitely trigger a financial turmoil that will spread across the country!
July 30, 1624, a day destined to go down in the history books as "Black Friday", was a day of nightmare for the holders of the gold notes of the Ashan Empire, which will be seared in their memory for the rest of their lives A wound that cannot heal.
When tens of thousands of retail investors were still ignorant, the major speculators in the gold banknote market tacitly sold the gold banknotes that had appreciated to the peak after the market opened on this day, exchanged them for magic crystals or real gold and silver, and quietly withdrew them. out of this already crumbling market.
The price of gold banknotes is used as a thermometer in the market. After the buyers and sellers saw each other for a whole day, they finally couldn’t bear the pressure of huge selling, and it changed from a slow decline to a rapid fall. When night fell, the market price of gold banknotes had already fallen. 1/3, and it's still going down.
At this moment, no matter how dull people are, they realize that something is wrong, and the panic spreads like an epidemic.
In this sleepless night, people are scrambling to sell gold, but they can't find a fool who is willing to take the order. They can only watch the price of gold fall in a free fall.
On this night, from the holy city of Ashan to Midgard, countless people tossed and turned unable to sleep, and countless hearts were anxious. All the anxiety and panic is projected onto the money market and amplified.
In the early morning of July 31st, the imperial gold banknotes, which had been rising for more than a year and reached a market price of 215 gold duga, were bustling overnight, and the market price fell back to the face value!
Countless gold banknote holders lost all their assets in this financial turmoil, and the wealth accumulated in half their lives disappeared with the bursting of the gold banknote bubble.
At the same time, a very small number of speculators took advantage of this catastrophe to grab huge profits.
For example, Professor Moriarty bought a 100-duga gold banknote at a price of 72 gold duga last year and sold it at a high level of 206 gold duga.
Joan lent the mentor a million dollars for speculation, and now it has doubled, turning into a huge sum of three million!
Thinking that this windfall was obtained at the cost of the bankruptcy of thousands of households in the empire and even overseas colonies, and that every gold note was stained with blood, it would be too hypocritical to ask "is it worth it", but how much did he feel? It's still a bit unpleasant.
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