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“This is your money, please collect it.”

In the bank, the teller girl put all the cash requested by a customer on the counter, and she also sent an envelope that could hold money very intimately.

The customer did not withdraw a lot of money, only two thousand 100, and some change, one envelope is more than enough.

After counting the money twice at the counter, he showed some smiles like sighed in relief, said goodbye to the teller girl and left.

The next customer walked to the counter, and the girl was just like before, speaking with a smile that was almost equivalent to instinct.

What made her feel a little strange was that this lady who seemed to be in her 50s actually came to withdraw money, and also wanted to withdraw all the money in the account.

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

A few minutes later, 5,000 cash neat and tidy was placed on the counter, the female customer whispering after counting the money, and left with the money.

Before the next customer came over, the teller girl turned her head and looked towards the other counters. She was a bit at a loss, because every window seemed to be handling withdrawals.

The arrival of the next customer forced her to return to her work and glanced at the long line. She didn’t have much time to think about it.

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

The “little secret” circulating in the crowd is like a prank joke-there is no money in the bank.

Yes, “there is no money in the bank”, this is the whole content of this rumor, but in the process of spreading this rumor, it is difficult for people not to subjectively add some new information to enrich this rumor. A message, it doesn’t look like a joke.

From “Many people go to the bank to withdraw money” to “Some banks can no longer withdraw money” to “I heard that the recent incident involves some banks, and these banks have been temporarily closed” and finally “The bank is going to fail”

The development of the rumors did not actually take too much time. Within two or three days, the rumors are like bacteria falling in a petri dish, spreading rapidly in the most perfect environment.

All of this led to the birth of a terrifying phenomenon.

Run!

The most feared of any bank is a run. Take Baylor Federation as an example. Suppose a bank has deposits of 1 million in depositors. This 1 million must be impossible in the bank’s vault, and the bankers plan to use the money. Make money.

So there is a question here. With 1 million deposits, how much can the bank take away for investment or other things?

Federal banks are divided into a multi-level system, according to different levels and different policies in each region, ranging from a deposit margin of up to 50% to a deposit margin of 12%.

That is to say, banks can only leave 120,000 of the 1 million at the minimum, and the remaining 880,000 are used for borrowing or investment. At the maximum, they must leave a deposit of 500,000, and only 500,000 can be used for other purposes.

But here, there is actually a small circle problem. For example, bank B promises to guarantee bank A. When bank A has a run or it is difficult to pay depositors, bank B will allocate funds for bank A to solve these questions.

Then they can sign an agreement between the two parties, so that Bank A can use depositors’ funds to borrow or invest to the maximum.

This happened in federal history. As a result, Bank A failed to invest and went bankrupt. Bank B refused to pay all depositors on the grounds that the bankruptcy was not covered by the agreement. As a result, the lawsuit was fought to the end. A’s major shareholder has been in jail for two years.

Of course, they also went smoothly and legally took away a lot of money from depositors.

The banking system of the Gevula Empire is not much different from the banking system of the Federation. After all, in a certain way, many rules of the Federation are “borrowed” from the Gefola Empire.

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

In Gevlar, the largest bank is the Imperial Family Bank, because behind it is the Imperial Family, and the treasury money is also stored in this bank, which gives the Imperial Family Bank the greatest confidence, their deposits The deposit is less than people think.

Once the deposit in the bank is withdrawn, what will happen?

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

When this happens, those lenders will never rush to repay, they will only delay as long as possible until the bank fails, and then use a cheap “price” to buy out their “debt”.

Suppose you borrowed 1 million from the bank, and you have to pay 1 million even if you don’t need interest.

But after the bank goes bankrupt, the asset auction will be held. They may buy their own debts for 300,000-500,000, and legally save hundreds of thousands of them. So as long as people with normal brains know what to do at this time.

Now, the run trend has revealed its formidable power, and it does not even need the nobles to run the run, just civilians can make the major banks overwhelmed.

The news of the run on major banks quickly fermented, and some TV stations immediately cut into the live broadcast, which also led to more people who did not know the news.

The bank is running out of money, and people have lined up to withdraw money, and it will be too late if you don’t go!

All kinds of people interviewed were angry, anxious, or desperate and told reporters about their emotional changes. Not only themselves, but also those in front of the TV broke down.

“The chancellor is over!” Lynch watched the long queue on TV. Now the situation has become completely clear. He turned his head and looked towards his little brother, “How is the exchange financial index now?” “

The youngest earl ran to make a phone call, and then ran back, “Mr. Lynch, it has already begun to fall, but the drop is less than one percent…” [ 19459002]

“It’s okay!” Lynch returned to complied, and then looked towards 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 their money will not be able to withdraw or their cash is not enough, especially some large companies.”

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

Obviously the two are about the same age, he is still like a child, and Lynch is already controlling the struggle between the prime minister and the chancellor in another way.

Finding the feeling of fathers in peers will leave the youngsters with the deepest shock, a kind of blind worship.

Lynch said thank you, his eyes stayed on the little earl’s face for a while, the little earl was actually a little shy.

Enduring the urge to not get goose bumps, Lynch looked away, “Previously, the Chancellor of the Exchequer used various methods to force those listed companies to repurchase more or less circulating stocks in order to boost stock prices and stabilize Market conditions.”

“This also caused a phenomenon that no one thought of, that is, the pockets of these large companies have become very small.”

“I am a businessman and I have more than one company. I know very well that the management of liquidity by businessmen is actually very strict.”

“What I’m talking about is not that they want to ensure that they have more liquidity, but that they want to ensure that the liquidity does not affect the operation of the company and face some unexpected situations, and every penny Spend it out.”

“This also means unplanned stock repurchase, bringing their current cash close to the warning line, coupled with the bank run turmoil, this time it is even more impossible to withdraw any large amounts of cash to these large companies, if they want to The best way to resist risks is to sell stocks.”

“How many stocks they bought these days, they have to vomit 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 better memory, they may find that as time goes by, fewer and fewer people ask questions.

It’s not that they can all understand Lynch’s ideas, but because of their abilities, they can’t ask more questions in these areas. After all, Lynch is professional, they are not.

He took a short break, drank a little coffee, ate a sweet little pastry, and continued, “In order to cope with the run, they will definitely tighten cash and even collect some loans. “

“You should know that many companies are operating in negative equity. If banks don’t want to have problems, they don’t want to be unable to pay or even go bankrupt due to a run, their best way is to get the money back.”

“This also indicates that some companies will have major funding problems. Once the funds on their books are withdrawn by the bank, these companies will go bankrupt if they cannot survive the next payday!”

“And now there is still…”, Lynch said, looking towards others.

This question is not difficult, the nobles suddenly showed a deep get involved smile, and many people rushed to answer, “There is only one week!”

Lynch nodded, this gives every noble who answered this question a kind of heartfelt joy, not only because they participated in the whole process, but also because they were able to interact with Lynch, but also because they got the key Sexual issues.

As long as a person is involved in it, there will be an unfathomable mystery sentiment, an incomprehensible emotion.

Lynch let out a sigh of relief, “This game is about to end soon, and then it’s time for us to fight for the good.”

“The Chancellor of the Exchequer will step down, Your Majesty will come in, and each of us will become more valuable!”