The Fourth Lingshi Financial Crisis

Chapter 694 Turmoil
Although the crisis of the Luojia Chamber of Commerce has subsided temporarily, the impact on the reputation of Lingshi coins cannot be completely repaired.

Because everyone knows that the shares of water spirit stone veins under the name of the Wuliang Sword Sect are not endless. In order to maintain the credit of Lingshi coins, the shares of Lingshi coins issued to the public are also the most. The first batch of Lingshi coins issued that year was Lu Yang, the founder of Lingshi Reserve Bank, who took out 10% of Lingshi coins. Credit endorsement for the equity of the stone vein.

Later, as Lingshi coins gradually replaced Lingshi coupons, the demand for Lingshi coins continued to surge. The seven major factions successively took out some shares of Lingshi mines for public offering. Now the Wuliangjian faction only holds their own 79.9% of the shares in the Lingshi Mine, while the average shareholding in the Lingshi Mine listed by the other six sects is only about 12%.

However, the Wuliangjian faction sacrificed a lot for the Lingshi Reserve Bank, which does not mean that the Wuliangjian faction suffered a disadvantage.

Because the staff of the Lingshi Reserve Bank are mainly from the Infinite Sword Sect, most of the merits have been taken away by the monks of the Infinite Sword Sect. It is not realistic to give out your own shares in Lingshi mine veins to stabilize the purchasing power of Lingshi coins, so the Wuliangjian faction took out the most shares in Lingshi mine veins, which can be regarded as an equivalent exchange.

It is precisely because the credit of Lingshi Mine is very strong, every share of Lingshi Mine equity can be said to be a very precious strategic resource, and each of the seven major factions takes out a specific percentage of Lingshi Mine equity as Lingshi Coin for credit endorsement , It is also the result of the final discussion after countless rounds of Monetary Policy Committee meetings.

After all, the Lingshi veins are the foundation of the various sects. Even if they lose 1% more equity, it would be an immeasurable loss for the seven major sects. Therefore, during the negotiation process, no one is willing to suffer even the slightest loss.

If it weren't for the coercion and lure of the three Ascending Immortals, and the seven major factions negotiated on their own, even if there were [-] Monetary Policy Committee meetings, it would be impossible to discuss any results.

It is precisely because the Lingshi veins have strategic significance for currency issuance, and can even be said to be an important political bargaining chip for the various sects to compete with each other. In the Arctic state without Lingshi veins, there has never been a real overlord sect, even the Arctic It is not enough for Hangong to have Yin Huaiyuan, a late Nascent Soul cultivator.

Now the shareholding in the Lingshi vein under the name of the Wuliang Sword Sect has fallen below 80%. In the eyes of many cultivators, the foundation of the Wuliang Sword Sect has been seriously shaken. Maybe they will unite again to overcome the difficulties, and the Wuliangjian faction can only rely on themselves to remedy the credit problem of Lingshi coins.

This kind of unilateral cutting is definitely not a long-term solution.

Even though Mo Yunlan is the highest financial controller of the Wuliangjian Sect, even Lin Jianxing rarely stood on Mo Yunlan's side, agreeing to sell the shares of the Lingshi veins to give Lingshi coins the purchasing power to cover the bottom line, there are still extremely strong tensions within the Wuliangjian Sect. Even Cheng Shuying and Ren Tianyuan, the two relatively neutral Supreme Elders, clearly expressed their objections.

The last decision to issue additional shares in the Lingshi vein was barely passed at the last minute, and the degree of difficulty was even higher than the resolution of the U.S. imperialists to pass the debt ceiling raising bill. It is almost impossible to pass a similar resolution in a short time. Mission impossible.

If this shocking scandal broke out again at the Lingshi Reserve Bank, the scene was so beautiful that Yun Tianhua couldn't even imagine it, because the credit issue of the Lingshi coins this time was entirely Lin Jianxing's personal responsibility, and it was absolutely impossible for Mo Yunlan to agree to replace him Wipe your ass!
However, Yun Tianhua couldn't sit idly by like Mo Yunlan. If he couldn't deal with such a vicious incident, what authority would he have as the president of Lingshi Reserve Bank?

But then again, after all, Lin Jianxing is the head of the immeasurable sword sect, or the sixth-level monk of Yuanying, while Yun Tianhua is only a late Jindan monk of the immeasurable sword sect, and he is not the kind of leader who has courage in doing things. It would be better to kill him directly if he asked Master Lin Jianxing Xingxing to inquire about his crimes in private.

Faced with this dilemma, the Supreme Elder Wen Hanqing also expressed that she was powerless to help, she did not report to Lin Jianxing on the detection process of the counterfeit banknote case, and she also tacitly allowed Yuntianhua to use the power of Pan's firm to investigate the case. , it is impossible to take the risk of challenging Lin Jianxing again.

After all, her own status is very embarrassing. As a monk of the world sect, she has the power of the fat and oily world sect of Pan's firm. If she plays well, she will have both sides. dance on...

When Yun Tianhua was hesitating, someone helped him make up his mind.

Just two days after the investigation results came out, the "Cultivation Finance Weekly" across Kyushu received anonymous submissions at the same time, and the content of these anonymous submissions was also surprisingly consistent, which was the whole story of Lin Jianxing's instructing Liu Hanxing to print counterfeit banknotes.

Obviously, this is the ghost of the Lingshi Reserve Bank, Pan's Commercial Bank, or the Haiya Chamber of Commerce!
If only the "Cultivation Finance Weekly" in Zhongzhou received the submissions, the Wuliang Sword Sect and the Lingshi Reserve Bank would still be able to suppress the matter, but if all the editorial offices of the "Cultivation Finance Weekly" in Kyushu received the submissions at the same time, then it is not a certain The forces of home cultivation can suppress it, not to mention that there is no impenetrable wall in this world. Even if the seven major sects and the six extreme northern sects tacitly suppress this matter at the same time, various gossips may have already spread Out.

Especially in a continent like the Arctic State where various forces are intricate, even the Arctic Cold Palace does not have a single authority. If you want to unite to block news, the difficulty factor is simply not too high.

With the help of people with good intentions, although this matter has never been officially reported in the newspapers, rumors spread all over the land of Kyushu in an instant!

All of a sudden, the financial market in the entire Kyushu cultivation world exploded, and even the enthusiasm for the escape from Qishan Prison was forcibly suppressed by this major counterfeit banknote case.

At the beginning, there was a short-term dip in the black market exchange rate of Lingshi coins for spot Lingshi, but this plunge soon stabilized. However, just when everyone thought that the matter had passed temporarily, major commodity exchanges Suddenly, a large amount of abnormal orders began to appear, and Lingshi coins were used to frantically sweep up all kinds of cultivation resources, and all of them were wiped out regardless of futures or spot goods.

This is because a big household with a keen sense of smell realized that the credit of Lingshi coins may not be a common problem this time, so they decisively sold the Lingshi coins in their hands.

The large-scale shipping and smashing made more people realize that if Lingshi coins can be blindly printed by Lin Jianxing, wouldn't it mean that the Lingshi coins in everyone's hands will be waste paper sooner or later?
No one thinks that Lin Jianxing will go astray and return, because the hundreds of millions of spirit stone coins he printed have already caused huge losses to various overseas sects, and Lin Jianxing can't afford to pay for this money. You can only make mistakes and make mistakes, and the road will go dark!

As more and more people recalled, the purchasing power of Lingshi coins in major trading markets also fell like a waterfall. In some large black markets, the purchasing power of Lingshi coins exchanged for spot Lingshi even plummeted below 25000: 1.

In just one day, the drop reached 40%!

(End of this chapter)