The Fourth Lingshi Financial Crisis

Chapter 293 Aftershocks
Xiji State, Shenxiao Pagoda.

A young and beautiful female monk was reading with great interest a beautifully bound mortal book in her hand.

Although cultivators can transmit information extremely efficiently by entrusting divine thoughts on jade slips, the effect is no less than direct brainwashing with a brain-computer interface, but 99.9% of the population in the Kyushu cultivation world is still mortal after all, and many of them are relatively widely spread and printed. Books with a relatively large number of times are still made of ordinary paper.

Because the jade slips cannot be copied and pasted in large quantities, in most cases, they are only used to record important information such as spells and ultimate moves that can only be understood, but cannot be expressed in words.

This woman who was reading ordinary people's idle books was wearing a gorgeous and mysterious purple dress, her black hair reached her shoulders, her black eyebrows fell into her temples, and a lavender jade-inlaid headband was wrapped around her forehead. She seemed to be a beautiful young girl .

If someone happens to pass by this room, they can see a line of delicate small characters written on the front cover of this book——

"Rebirth President Lu Falls in Love with Me"

Just listening to the name, this book seems to be a very cliché novel about youth love and rebirth, and there is nothing surprising about it, but it seems a bit out of place for this novel to appear in this special room.

Because this special room is located on the top floor of the headquarters of the overlord of the Western Antarctic State, the Shenxiao Sect, and it is also the most core place in the entire Western Antarctic State - the bedroom of the head of the Shenxiao Sect!

The female monk who read Otome Xiang's love novels with relish is none other than Ye Wan, the new head of the Shenxiao Sect and the second-floor Nascent Soul monk who has entered the Xianmen for more than 500 years!
The room of the head of the Shenxiao Sect is not allowed to be disturbed by anyone, so no one can notice how the female head of the Shenxiao Sect is addicted to novels. However, when the death knell rang, the melodious voice still faintly spread into the room, And the original smile on Ye Wan's face disappeared instantly like ice and snow melting.

She casually threw the novel in her hand aside, then waved her hand lightly, and said softly:

"It's really true!"

Before she finished speaking, a golden light shot out from her palm, projecting onto the floor in the center of the room.

After being bathed in the spiritual light, the originally ordinary floor unexpectedly produced a faint golden light, interlacing and forming pieces of light and shadow in the void, from which familiar figures emerged one by one.

The expressions of these figures are very casual, as if they were just casually taking pictures to commemorate, but their positions seem a bit sparse, as if the images of a few people in the middle have been deliberately deducted.

Ye Wan's eyes moved slowly on the image of this ancient spell, from Lu Xingzhang standing in the middle of the crowd and pointing Jiang Shan, to Tian Daxiao, a submissive young man wearing a Huoyunzong robe, to the man whose appearance has not changed for 500 years I, as well as Xiao Nan, the young elder of the Yufeng faction who seemed to have not fully integrated into the discussion, finally stopped their eyes on the one who was obediently following behind President Lu Yang, looking a little dull and pedantic on young people.

"The little follower who followed President Lu back then is gone now..."

Ye Wan slightly closed her eyes, flicked lightly at the image, and the figure of the young version of Li Qingyang gradually faded.

"Ugh……"

After a faint sigh, the living room of the head of the Shenxiao Sect became quiet again.

……

Zijin Pavilion, Bailian Valley.

Tong Xingu, the Supreme Elder of the Zijin Pavilion, is leading dozens of disciples to refine a large magic weapon.

But when the death knell sounded, Tong Xingu's wrist trembled violently on the spot.

Then the refiners of the Zijin Pavilion saw a very ominous wave of spiritual energy erupting from the main refining platform of the Hundred Refining Valley, and the spiritual energy cycle formed by the fire of the Hundred Refining Fire also violently stirred up.

Everyone hurriedly cast their eyes on the main refining platform, only to find that the precious magic weapon being refined was instantly melted into a puddle of black mud by the out-of-control fire. A high-level weapon refiner suffered serious backlash because of the failure of the weapon refiner on the spot, and the severe one even vomited blood and fell to the ground.

The assistant beside Tong Xingu turned pale with shock, and hurriedly stepped forward to ask for instructions: "Elder Tong, what's wrong with you?"

He didn't dare to accuse Tong Xingu, the master craftsman, of making mistakes, so he had to remind the other party to pay attention in this insinuating way.

And Tong Xingu, the great monk in the Nascent Soul stage who was in charge of controlling the fire of hundreds of refinements, just rubbed his red eyes and said: "It's nothing, it's just that my eyes were smoked by the fire of hundreds of refinements... Damn Li Qingyang, it took a lot of money to build Xunfeng back then. You still haven’t paid me the cost of the work!”

The voice of Tong Xingu's second half of the sentence was extremely low, and the assistant only heard the first half of his sentence, so he was choked by him for a long time and couldn't speak:
You are an imposing Nascent Soul cultivator, and you can still be smoked to your eyes by the fire of hundreds of refinements?
There is no such thing as a lie!

So he asked carefully again: "This is the refining material that the Arctic Cold Palace gave us, worth hundreds of thousands of Lingshi coins. Look... do you need to rescue it?"

The childlike innocence said in a voice: "If the refining is not successful, there is nothing I can do. According to the rules of our Zijin Pavilion, these losses should be borne by the customers. They love to come, not to leave!"

In the entire Kyushu cultivation world, I am afraid that only Tong Xingu dared to tell the Arctic Cold Palace, "Love comes, don't come and roll", and even his assistant for refining tools did not dare to tell the Arctic Cold Palace this kind of rhetoric.

"Elder Tong, do you want to explain to them—"

However, Tong Xingu didn't have the heart to explain to the client at all, he completely ignored the backlash he had just received because of the failure of the refining machine, and waved his hands without looking back: "Okay, I will leave this to you first, I suddenly feel a little tired , going back to the cave to rest for a while, don't bother me!"

After finishing speaking, Tong Xingu staggered away from Bailian Valley, leaving behind a messy Bailian Valley with no one to clean up the mess.

.......
Li Qingyang, the president of the Lingshi Reserve Bank, passed away before the start of the extraterritorial battlefield trial.

This news not only set off an uproar among the bigwigs in the cultivation world, but it was also like an earthquake of magnitude [-], instantly detonating public opinion in the entire Kyushu cultivation world.

Cultivators with a little common sense in economics can see that the current Kyushu cultivation world is only calm on the surface, but the financial crisis hidden under the water has already been surging, but it has not yet reached the critical point of outbreak.No one expected that Li Qingyang, the mainstay supporting the cultivation of financial circles for more than 200 years, would pass away at this critical moment.

The debt crisis that broke out at the beginning of this year at Rockwell Commercial Bank has actually exposed many potential problems.

Rock's Firm is the top ten super firm in Zhongzhou. Although it is not as good as Pan's Firm, the richest man in Zhongzhou, it is definitely a systemically important large-scale cultivation chamber of commerce. Such a large chamber of commerce is on the verge of bankruptcy due to its poor management. What is reflected behind it is that The rate of return on comprehension capital continued to decline, and even almost wiped out the profits of many comprehension chambers of commerce.

The Qingning Chamber of Commerce enjoys a variety of monopoly trade channels, and is supported by major chambers of commerce. Its internal governance is at the top level in Kyushu. Even so, the return on total assets of the Qingning Chamber of Commerce is only at the level of 5-6%. The return on total capital of other ordinary chambers of commerce cannot even reach 2%.

However, with the rate of return on total capital remaining unchanged or even declining, the major comprehension forces want to keep the total profit level from declining so that the cultivators can allocate cultivation resources that are not lower than before. choose:

Either go to a war-torn area like the Eastern Barren State to lick blood; or increase the return on net assets, which is the so-called leverage.

However, leverage also has a cost.

The cost of leverage itself will make the already meager profits even more meager, making the operation of the entire Cultivation Chamber of Commerce as dangerous as walking a tightrope. Whenever something unexpected happens, the Cultivation Chamber of Commerce will lose its solvency, and the debts will be reduced. Ponziization, and when the debt starts to Ponziization, the debt crisis will inevitably erupt.

The substantial bankruptcy of the Rock Chamber of Commerce is not entirely because Luo Hui, the chairman of the Rock Chamber of Commerce, is a rogue old man. More importantly, the Rock Chamber of Commerce started out by disposing of non-performing assets for the Wuliang Sword Sect. Therefore, the business behind the Luojia Chamber of Commerce has already been riddled with holes, and has fallen into the quagmire of borrowing new ones to repay the old ones.

Luo Hui, the chairman of the Rock Chamber of Commerce, finally chose to take the risk. He colluded with foreign forces in Huoyun State to completely empty out the headquarters of the Rock Chamber of Commerce, and then brazenly staged the ultimate showdown, threatening the Lingshi Reserve Bank with the bankruptcy of his own chamber of commerce.

Now that the general situation of the Rock Chamber of Commerce is over, whoever becomes the boss of the Rock Chamber of Commerce will choose to transfer his family wealth first, and then directly throw the mess of the Chamber of Commerce to the Lingshi Reserve Bank.

Li Qingyang has always maintained a hawkish stance, which shows that Lingshi Reserve Bank actually has no choice.

The continuous decline in the rate of return on capital of the whole society cannot be reversed by the Lingshi Reserve Bank. The essence behind it is that the distribution system of the cultivation world in Kyushu is seriously unfair. Struggling to survive.The extreme polarization of the gap between the rich and the poor will inevitably lead to the fact that cultivators do not make money in any business. After all, mortals, who account for 99.9% of the total population, have no effective needs other than food and clothing, and the economic operation of the entire society will inevitably have serious problems. .

However, the actual risk-free interest rate of Lingshi Reserve Bank is close to 0, and there is no room for further interest rate cuts.

Although the earth in the 21st century is also facing this problem, the earth's technology is still advancing after all, and social productivity is still developing. Although the speed of development is getting slower and slower, it is at least faster than the completely stagnant Kyushu cultivation world, so the earth can still Use successive waves of quantitative easing to keep the economy alive.

The situation in Kyushu's comprehension world is different from that on Earth. No matter how miserable the bottom mortals are, they have no ability to resist the cultivators, and for the sake of merit, they are happy to raise mortals as pigs. The economic situation is arguably more severe, and the consequences of arbitrary unlimited quantitative easing are also more serious.

It is also due to the extreme polarization of the gap between the rich and the poor, the sluggish demand of mortals, and losses and non-profits have become the mainstream situation of major chambers of commerce in Kyushu. However, cultivators who are not involved in production have an endless desire for cultivation resources. As a result, the operating conditions of all the comprehension chambers of commerce are not healthy. Even the Haiya department, which controls the monopoly of trade channels and is known as the world's wealthiest, Yang Lu doesn't know how profitable it is.

According to Lu Yang's observation, the actual profitability of the Haiya Chamber of Commerce has long been covered up by the complicated financial and trade relations between the various state branches. I am afraid that even Han Fulai and Su Yuanfeng don't know what the situation of the Haiya Chamber of Commerce is. Now, the annual book profits of the Sea Cliff Chamber of Commerce are basically just accounting games.

Therefore, the Luoshi Commercial Bank is just an early bird, and there are definitely not a few comprehension chambers of commerce facing similar problems.

Even the sea-cliff series of burning oil may not be reliable!
If the Lingshi Reserve Bank saved the Rock's Firm today, it is estimated that hundreds of "Rock's Firms" will choose to storm themselves in the next year. It is estimated that it will not take too long for Lingshi coins to become gold coupons, so this hole must not be opened!

Li Qingyang had already seen this issue very thoroughly.

However, Li Qingyang has no solution, because the financial problems in the Kyushu cultivation world are only appearances, and their essence is the problem of social distribution and the gap between the rich and the poor. Unless the gap between the rich and the poor in the Kyushu cultivation world can be narrowed, the Lingshi Reserve Bank will die if it does not compromise. , Compromising is exacerbating the problem, which will undoubtedly make death even uglier in the future.

Of course, there are only a few people such as Li Qingyang and Yang Lu who can see the problem at this level.

For most ordinary cultivators, they just feel that the business is getting more and more difficult year by year, and the school’s finances are getting more and more difficult. They must squeeze more and more ruthless mortals in the jurisdiction to ensure the original cultivation resources. supply.Even Qu Jing, a Jindan period monk of the Hanguangjian sect who has been retreating in a place of bitter cold all year round, feels that mortals have become more and more "dead" and unable to create value for cultivators. Although they don't know what happened, they can feel it. It's about to happen.

Especially after the Rock's business was blatantly ruined, all parties have not come up with a solution until today. They just turned the Rock's business into a zombie, which seems to be dead, but it seems that it is not dead yet.

A large number of physical assets of Rockwell Commercial Bank have been divided up by creditors from all over the country according to the principle of territoriality, while Lingshi Reserve Bank only maintains an acquiescing attitude in the face of various armed debt collection actions by creditors. It seems to have tacitly agreed that everyone can get it back How much money depends on each person's ability. The Lingshi Reserve Bank neither wants nor has the ability to manage it.

Rockwell's debt is high, and its assets are also high, but the valuation of these real estates is metaphysics. They seem to be valuable, but they can't generate cash flow. It's like diamonds and gold in the famine era. Nice but useless.As for whether the creditors will have any secondary pre-financial problems after eating these tasteless assets, the Lingshi Reserve Bank has not given any guiding opinions, it seems to let everyone figure it out...

Practitioners in Kyushu all know that Li Qingyang doesn't have much lifespan, and they all hope that he can point out a direction for everyone when he is dying, but they never expected that Li Qingyang would run out of lifespan in silent retreat like this

This sudden situation undoubtedly cast a shadow over the hearts of many practitioners.

(End of this chapter)