The Fourth Lingshi Financial Crisis

Chapter 708
While Yang Lu was linking forces with each other, Lin Jianxing was also in the meeting hall of the Infinite Sword Sect, calling the main high-level monks of the Infinite Sword Sect and the Infinite Sword Sect to discuss countermeasures.

Not only Yun Tianhua, Liu Hanxing, but also several monetary policy committee members were all present, and even five of the six Yuanyingqi elders of the Wuliangjian Sect were present. The elder also sent his own direct disciple to attend the meeting as a representative.

But the talks obviously didn't go very smoothly.

When Yang Lu had joined forces with all parties to force the palace, Lin Jianxing still angrily slapped the table in the meeting hall, and angrily scolded the ancestors of Yuan Ying who joined the WTO: "Now the Wuliang Sword Sect and the Lingshi Reserve Bank are facing a huge crisis. , Ordinary cultivators are living in dire straits, this is not the time for everyone to be careful! In the face of disasters, there is only responsibility. Don’t you all understand this simple truth?!”

Hearing the saying that "in the face of disaster, there is only responsibility", several WTO monks almost couldn't hold back their laughter:

Why don't you let cultivators above the Foundation Establishment Stage come out?

The high-level monks who were able to attend this meeting were all at the cultivation level piled up with massive cultivation resources. However, the Wuliang Sword Sect is not capable of providing all the disciples with so many cultivation resources. The cultivation resources that everyone has consumed for so many years come from the Everyone knows it.

It can even be said that almost all the culprits who drove the low-level cultivators into a desperate situation are sitting in this conference hall, but Lin Jianxing, the culprit among the culprits, is still full of responsibility.

How can this not make everyone feel ridiculous?
And as the number one target of Lin Jianxing's bombardment, Mo Yunlan didn't even move his eyelids, just hugged Lou Guanjian and said calmly: "You are the head of our Wuliang Sword Sect, you can't expect us to wipe your ass for everything, right?" !"

Mo Yunlan's sarcasm made Lin Jianxing's blood pressure soar instantly, but he still suppressed his anger and said, "I know you guys have opinions on what I did, but I also made this decision to solve the problem! You know that people who practice cultivation everywhere Has the sect become so difficult? Some sects have even borrowed loans to pay their disciples’ monthly salaries hundreds of years ago, and now these sects can’t even pay the interest, not to mention repaying the principal!”

Mo Yunlan pointed to Yun Tianhua, who was pretending to be deaf and dumb, and said: "It is only natural to pay off debts. If a local sect has bad debts, the commercial bank under the Lingshi Reserve Bank should be anxious, but now Yuntianhua Bank The chief hasn't said anything yet, how can there be any reason why the head of the Wuliang Sword Sect took the lead in printing counterfeit banknotes?"

Being named by Mo Yunlan, Yun Tianhua just gave a wry smile helplessly.

Being sandwiched between Lin Jianxing and Mo Yunlan, everything he says now is wrong, so it's better to just keep silent.

So everyone turned their attention to Lin Jianxing again, wanting to see what the head master Lin could say.

However, when it came to discussing business, monks from the world school were not opponents from the monks from the world school. After Mo Yunlan's high-sounding words, the aggressive Lin Jianxing didn't know how to respond for a while.

That's right, if the Cultivation sect has bad debts on a large scale, financial institutions such as Haiya Bank should be more anxious. Then why do Jiang Hua'an, Su Yuanfeng and others seem to be in no hurry at all?

In fact, the reason is very simple:
Although the bank deposit interest rate in the cultivation world is very low, and even negative interest rates exist, the loan interest rate in the cultivation world is not low at all, because many loans in the cultivation world are loans in name, but in fact, the seniors of the sect are overdrafting the cultivation resources of the younger generations. It is unsustainable. Most of the time, everyone pretends to be confused.

Not only did the borrowers not think about repaying the money at all, but the Cultivation Commercial Bank was not a fool. Haiya Bank had long known that the loans of these high-level sects had a great risk of bad debts. The risk premium paid for the risk of bad debts, if a sect obtained a loan from Haiya Bank a hundred years ago, the interest paid by it may have exceeded the original principal by now.

If it is the earth's mortgage interest rate, this seems nothing, but the Kyushu cultivation world is not the earth, and it is not in a state of natural inflation all the year round.

Because the credit of Lingshi coins is strictly linked to the equity of Lingshi mines, the real inflation rate in the cultivation world is almost equal to zero.

That is to say, even if the Xiuzhen Commercial Bank like Haiya Bank cannot recover the principal, it has already recovered the principal by relying on interest alone. "This kind of evil method can make up for the lost rights and interests from other aspects.

So as long as it is not all the cultivation sects that owe Haiya Bank money, but only a few or dozens of cultivation sects have partial thunderstorms, the super chaebols of the Haiya family who run the bank will not mind at all, but will take advantage of it. With this opportunity, continue to sign special reciprocal agreements to enhance your potential influence.

Taking ten thousand steps back, even if all the sects collectively defaulted, the Haiya faction would directly announce the closure of Haiya Bank, and then transfer the risk to other depositors again, completely detonating the financial crisis.

It turns out, however, that Sea Cliff Bank simply didn't need to go this far.

Not to mention all the cultivation sects collectively thundered, even if only dozens of cultivation sects closed down, Lin Jianxing might not be able to sit still.

In the world of Kyushu comprehension, high-level cultivators are not gods who do not eat fireworks in the world. They are more like the actual rulers and emperors of various regions. Even their merit accumulation is highly related to the social conditions of the ruled areas, even if there is only one family. The bankruptcy of the cultivation sect will have extremely serious consequences.

If the Cultivation Sect fails to pay wages, the management of the entire region will inevitably fall into chaos.

If it was the world of comprehension that was vast and sparsely populated 7000 years ago, even if there was chaos, there would be no chaos. Total chaos, the consequences will undoubtedly be catastrophic.

Today's Haiya City can still maintain normal operation, but some cultivators who have lost their fortunes are causing trouble, but even so, in just a few days, nearly a thousand people were killed or injured in Haiya City, and this has not been counted. Corresponding losses caused by the turmoil.

If a large-scale riot occurs in a city of the size of Haiya City, there will almost certainly be a humanitarian disaster. As the saying goes, "With greater ability, comes greater responsibility." The top leaders of various cultivation sects usually enjoy the merits of maintaining social stability locally , naturally also have to bear the endless karma caused by the collapse of the local order.

This terrifying karma can even make many sect leaders and elders go mad on the spot!
Yang Lu once asked Jiang Hua'an and Su Yuanfeng, if a large-scale financial crisis broke out in the Kyushu cultivation world, how should the Haiya department handle itself, and Su Yuanfeng gave a cold-blooded but rational answer:
Haiya City doesn't need to survive the financial crisis, it just needs to last longer than other cultivation forces. As long as some areas fall into complete chaos, the local high-level cultivation sects will inevitably go mad, and even the middle-level sects may be hard to escape. The transformed high-level practitioners will soon turn this place into a hell on earth where demons run rampant!
(End of this chapter)