King

Politics has always affected the whole body. The change of the Alpha Kingdom's demands directly accelerated the alliance process of the five countries.

Sometimes when we talk about money, it actually doesn't hurt our feelings. In politics, free is always the most expensive.

If you are paid, everyone will deal fairly. The political status in the alliance is still equal.

The Alpha Kingdom dares to give free military help, but the Three Kingdoms dare not ask for it!

It is easier to ask God than to send him away. If the matter is not discussed well in advance, the military instructors sent may turn into military infiltration.

The entire military system has been labeled as the Alpha Kingdom. If it cannot be independent militarily, how can it maintain independence politically?

Once you become a little brother, it cannot be solved with a little money and food. No big country is willing to rely on others unless it is absolutely necessary.

The Alpha Kingdom asked for a high price, and the Three Kingdoms came to the ground to pay back the money. From the beginning of the price negotiation, all parties knew that it was only a matter of time before the five-nation alliance was established.

The most direct impact is the debt negotiation of the Principality of Moxi. Everyone will immediately become allies, and the creditors of the three countries in the Central Continent will not be able to hold on!

Due to political considerations, they could only passively choose to follow the footsteps of the Alpha Kingdom, give up all loan interest, and accept the deferred principal repayment plan proposed by the Principality of Mosi.

The gap is opened from within the debt collection alliance, and subsequent problems will be easier to deal with.

By complaining about poverty and selling misery, the Mossi people continue to launch public relations activities with various creditors. Including but not limited to a series of means such as buying off negotiators and secretly promising benefits.

After various operations were carried out, creditors with small amounts expressed their willingness to give up interest as long as the principal was recovered.

People follow blindly, and more and more creditors compromise, making the remaining creditors no longer so firm.

The target of the negotiation is a bankrupt government. It is not easy to recover the principal. Getting interest is a luxury.

The current government of the Principality of Moxi is acting like a moneyless bastard. If you ask for money, you won't get it, and if you ask for your life, you won't get it.

The surrounding neighbors are either foreigners or allies. Even if they openly default on their debts, they are not afraid of being armed to collect debts.

Being able to sit down and talk with everyone is a sign of responsibility. When they are in a hurry, they just lie down and smash them, and no one can do anything to them.

Some of the melon-eating people watching the excitement were secretly scolding the Mossi people for being stupid!

After the government's financial bankruptcy, the country's credibility has been lost, and it is not afraid of being armed for debt collection. It can simply show its cards and get it done. Why continue to fulfill its debts?

The current Moxi government can pay up to 4 million gold coins a year for the huge debt of 438 million, which will not be repaid in a hundred years!

Others couldn't see clearly, but as the leader of the elf delegation, Delis could see it clearly.

The Principality of Moxi is not paying off debts, it is clearly paying protection fees. Since the debt crisis broke out, she has been under joint pressure from all the human nations.

Although such a small amount of money is nothing at all if it is dispersed into the hands of many forces.

But now it’s obviously not about money!

Big powers also want to save face, and it is easy to become addicted to loan sharking. In addition to the Principality of Moxi, they have more customers.

The precedent of debt default must never be set. Otherwise, everyone’s collection costs will skyrocket in the future.

It doesn't matter if the debt is extended. Even if the subsequent interest is gone, the previous interest income does not need to be returned.

To the leaders of the major forces, this business is nothing more than a "billion points" longer cycle and a "hundreds of billions" lower income. At least it is still profitable on paper.

It doesn't matter whether it's money or not. The key is that face must be preserved and this matter cannot be allowed to become a stain on everyone's career in power.

It can be said that the Principality of Moxi has single-handedly raised the debt threshold of Aslant Continent and let everyone know that some countries also go bankrupt.

In the future, if any country wants to borrow money on a large scale without any collateral, it will be absolutely impossible.

As a group of creditors who maintain face, the Principality of Moxi naturally cannot fall. In this context, there is not much the elves can do.

Fortunately, something went wrong within the Principality of Moxi, otherwise Delis would really not know what to do.

"Your Majesty, something is wrong!

Just now, the Mossi people, together with representatives from the Kingdom of Alpha, the Kingdom of Hesse, the Kingdom of Dante, and the South Coast Kingdom, issued a joint announcement. From now on, the five countries will officially form a joint defense alliance. "

Nina's words startled Delise. This is not just a bad situation, it is simply breaking the news.

The alliance between the three countries of the Central Continent and the two countries of the Northern Continent undoubtedly inserted a steel knife into the alien alliance.

The five integrated human nations are not simply a matter of 1+1+1+1+1=5.

Behind this is the potential for war and changes in strategic depth. The five countries that rely on each other are by no means as easy to bully as they were before when they fought independently.

Not to mention the Five Kingdoms Alliance, even the original alliance between the Alpha Kingdom and the Principality of Moxi caused a lot of trouble for the elves.

At one point, Delise began to doubt whether it was right to let go of the alliance between the Mossi and the Alpha Kingdom in order to save time during the last continental war.

This suspicion did not last long, even if time could be turned back, they would still do it.

If they stay and entangle with the two countries, it is estimated that their allies in the Central Continent will be turned into historical dust.

Without the support of this group of allies, even if they and the orcs alone occupied the entire northern continent, they would not be able to stop the human race from advancing northward.

The current situation is far more reliable than the strategy of separatizing the Northern Continent. If it works well and destroys the Five Nations Alliance, then the offensive and defensive momentum between the alliance and the human race will be reversed.

There is no doubt that the destruction of the Five Nations Alliance is just a beautiful fantasy. No matter how good the human forces in the southern continent are at internal fighting, they cannot sit back and watch the alien alliance come back.

"Quick, send the news back to the clan immediately!"

Delis said gaffefully.

Deep down, she had already greeted the entire family of elves who were gathering information. For such an important matter as the alliance of the five countries, no one knew anything about it in advance.

But this is obviously an injustice.

As the overlord of the continent, the human race still has its own pride. Those who are willing to accept their cooperation are all scraps of society or those who have settled down.

In order to avoid external interference, the negotiations between the five countries were conducted in secret.

A group of losers who have escaped from the center of power, even if they sincerely work for the elves, cannot access this information.

If no news is received, it is naturally impossible to report in time. Even now that the joint announcement from the five countries has come out, there is still a delay of one or two days for the elf intelligence department to receive the news.

Efficiency, this is the shortcoming of all long-lived races. Their long lifespan has made them accustomed to a slow-paced life, and they have a very weak sense of time.

…

At the Royal Palace of Pest, George was overjoyed with the joint proclamation of the five countries.

The Five-Nation Alliance came too timely, which meant that the bad situation in the Principality of Moxi finally reached a turning point.

"Your Majesty, the situation has changed now. Should we continue our previous strategy in our negotiations with the elves?"

Count Renato, the Minister of Foreign Affairs, asked with concern.

Due to the previous situation, the Principality of Moxi took an unusually low profile in its negotiations with the elves, and fully implemented the strategy of "showing weakness to the enemy" proposed by Hudson.

This time, that time.

By selling miserably, they gained sympathy and support from all the human nations, and now with the Five Nations Alliance to rely on, facing the Elf Moxi Principality again is no longer as fragile as before.

"Why not continue?"

George asked with a smile.

The Principality of Moxi, which plays the role of a poor man, can't spare any extra gold coins now.

Whether it's a matter of giving in on compensation or making an apology, it's all a matter of face.

The Principality of Moxi has been reduced to bankruptcy. How can it have any dignity?

Anyway, we have reached this point, so it is better to carry out the show of weakness to the end and continue to paralyze the elves.

Only by fooling the enemy can you defeat the enemy.

Deep down in his heart, George was ready for a protracted war with the elves. This road will be very difficult, but the Principality of Moxi has no choice.

After a slight hesitation, everyone still expressed their approval.

If he had acted on his own initiative, the Principality of Moxi would have perished a few years ago, and there would be no way it would be where it is today!

After tasting the benefits of choosing Riko, the senior officials of the Moxi Principality showed extraordinary tolerance when encountering similar problems.

The worst that could happen would be that the young nobles in the country would scold him behind his back, but they wouldn't be able to hear him anyway.

After everything has settled, the Near East Development Bank has added a new business: collecting taxes from the Principality of Moxi to ensure that the annual repayment amount can be received smoothly.

To be precise, the significance of guarantee is greater than that of escrow.

After all, the Principality of Mossi had mortgaged its taxes to the Near East Development Bank before. Legally speaking, the bank has the right to collect taxes after a debt default.

This is double insurance.

George was worried that after financial bankruptcy, creditors would take over the tax department of the Principality of Moxi, so he simply made a plan in advance.

The loans were all fabricated accounts, and adding a false mortgage contract was no problem.

The acting was so good that the image of the poor people in the Principality of Moxi was so deeply rooted in the hearts of the people that no one dared to let the Moxi government touch money.

Everyone is paranoid that once the tax money enters the pockets of the Moxi Principality government, it will never come out again.

Both sides needed a guarantee, and the Near East Development Bank emerged as an intermediary player.

According to the agreement, the fiscal revenue of the Principality of Moxi will first be deposited in the Near East Development Bank. After the four million arrears are allocated to all parties, the rest will be at the disposal of the principality government.

In order to grab this business, this wave was purely a public welfare act, and Hudson confiscated not even a copper coin in handling fees.

After the tax is entered into the account, it must be transferred to all parties within three days, which is just a matter of one hand.

Of course, for everyone's convenience, the money is directly transferred into the Magic Crystal Card account of each party.

When and where to withdraw cash are all decided by the parties themselves.

In order to absorb savings, Hudson also worked hard. Even if it is just short-term passing money, he is not willing to let it go.

They were all forced out. As the Near East Development Bank continued to grow, there was a serious imbalance in the number of loans and deposits.

Not counting the false accounts of the Principality of Moxi, the normal balance between deposits and loans alone is as high as hundreds of millions of gold coins.

Although these loans are collateralized and there have been no large bad debts, insufficient cash is still the biggest risk for the Near East Development Bank.

The core reason is that the nobles of the Alpha Kingdom are too poor. There are only a few nobles who need savings, but there are a lot of nobles who need loans.

In order to reduce risks, Hudson has strictly controlled the loan limit, but still cannot solve the problem.

We have no choice but to find ways to absorb savings. Even if it is the funds that have passed through, I don’t want to let it go now.

According to past practice, as long as money enters the bank, at least one-third of the cash will be circulated on different magic crystal cards.

Even when withdrawing cash, nearly one in five people choose golden tickets. In particular, customers with bulk commodity transactions are significantly more willing to use golden tickets.

For security reasons, some customers even ask for their names to be recorded on the golden tickets. Even if others grabbed the golden ticket, they would not be able to cash it, so there was a rudiment of a check.

Against this background, the Near East Development Bank's book profits clearly skyrocketed, but it did not dare to issue even a single gold coin in dividends.

As a result, shareholders have great opinions on Hudson.

The books talk about making money every day, but where is the money and who has seen it?

But it’s too late to regret it. When I invested the money, I was an ancestor, but now I want to go out and become a grandson.

The only thing that can comfort all shareholders is that they really made money on the books, and they made a lot of money.

If everyone accepts the golden ticket dividend and leaves the market without exchanging cash within a short period of time, Hudson can immediately distribute the dividend generously.

It’s time for the annual bank shareholders’ meeting again.

Different from previous years, this time the Near East Development Bank has an unscheduled loan of 80 million gold coins on its books, and the grievances of shareholders are also much greater.

Eighty million gold coins is not eight thousand gold coins. This number is a huge number anywhere in the continent.

No matter how much money the Near East Development Bank makes, it will take several years to make it back.

If something happens to the Principality of Moxi and the loan cannot be recovered, it will be a big loss.

"Duke, all the shareholders have entered the living room. Judging from their appearance, they may be coming with bad intentions!"

Rudolph said worriedly.

He was so prosperous a few days ago, but now he is in such a miserable state. False accounts cannot be made public, and now he has to avoid shareholders whenever he sees them.

"Don't worry, they have invested so much in the Near East Development Bank and they are reluctant to let it go.

Even if the resentment in his heart is great, it will not overturn the table directly.

If you really do that, you will be purely contributing to the development of the kingdom!

You go and deal with it first, I'll be there later. "

Hudson said with a smile.

If the bank really goes bankrupt, the worst offenders will be those small shareholders. As head of the bank, he had long since recouped his investment.

For example: Helping the Mossi people to make false accounts.

The commission income was shady, so Hudson reluctantly collected the money himself.

Another example: bank operating costs.

Whether it is employees, venues, or the transportation and deployment of funds to each branch, it is all handled by Hudson.

Since it is a business, it will definitely generate profits.

There are many similar operations. It seems that he, the major shareholder, is in the same boat as everyone else and has not withdrawn a single copper coin from the bank account. In fact, he has already made a lot of money.

Frankly speaking, Hudson has been very worthy of its shareholders. Although I made money, the bank made more!

With a net profit of several million gold coins every year and maintaining double-digit rapid growth, it is a solid blue chip stock.

If this situation continues, after the establishment of outlets in the Principality of Moxi is completed, the bank's profits will exceed tens of millions.

To describe a country as extremely wealthy is not an exaggeration at all!

The only regret is that the Near East Development Bank only makes money on paper. Due to insufficient deposits, it is unable to distribute cash dividends at all, and shareholders cannot enjoy the dividends of the bank's growth.

That's it for the shareholders of the Kingdom. Although they didn't receive dividends, they did get low-interest loans.

In addition, they did not invest much principal and mostly invested in stocks with resources. The current returns are already pretty good.

The real tragedy is that the major chambers of commerce failed to get the money back, and the work they copied was unable to be implemented due to political factors.

A local bank that can only make deposits and loans can only be regarded as a bank.

Although the operation is good and profitable, the profit margin is not as high as everyone expected.

The plate is not big enough, funds cannot be circulated internally, and there is not much leverage at all.

The Near East Development Bank is using depositors' money to lend, but they are using their own money to lend, and their profitability is completely incomparable.

…

At the shareholders' meeting, Rudolf was scolded by a group of shareholder representatives.

The left sentence should be kept secret, and the right sentence should not be made public, which will make everyone angry.

Co-author As shareholders of the bank, they no longer even have the right to know. If someone takes the money and runs away, won't they know it last?

"Quiet.

Duke of Hudson has arrived! "

The guards' scolding calmed down the quarrel in the meeting. All shareholder representatives were waiting for Hudson to come out and give everyone an explanation.

"Everyone is very angry!

But I don’t think it’s necessary, just talk about it if you have something to do. I heard the controversy you just had from outside.

You can rest assured that everyone is concerned about the operation of the bank.

It has been three years since the Near East Development Bank was founded, and it has been two and a half years since everyone became a shareholder. The bank's net assets have grown from nine million gold coins when everyone bought shares to nearly 30 million gold coins now.

I think everyone can be satisfied with this growth rate. What worries me now is nothing more than the bank making money, why it doesn't pay dividends, and the 80 million in money from the Principality of Moxi.

Let me be the first to state that the loan from the Principality of Moxi was a political loan, and the main consideration was political factors.

Many people must have tried it and should know how difficult it is to open area protection. If you don't give enough benefits, why should others give you market?

It would be simpler not to pay dividends, naturally to make more money!

The Near East Development Bank is in the growth stage and needs to invest the profits earned in reproduction in order to occupy the market in the shortest possible time.

Competitors have emerged, and to stay ahead we must expand in a short period of time.

Banking is a capital-intensive industry. The larger the scale, the higher the profits and the stronger the ability to resist risks.

In another three years at most, we will be able to complete the comprehensive layout of the Northern Continent, and then we will enter the mature stage..."

Hudson said hard.

Being mature or immature is a false proposition in itself. Whether or not to pay dividends depends on the bank's cash flow.

There is no doubt that it is almost impossible to solve the cash flow problem within three years.

There is no way, in the face of interests, false accounts can turn into real accounts. Hudson is also covetous of the 80 million interest-free loan charged to the Principality of Moxi!

Whether you split it and lend it to others to earn interest, or keep it for your own use, it can play a huge role.

If no action is taken, the bank account will not have that much money. However, as a manager, you can still think of ways.

If you don’t need that much money for a while, then put your past loans into this.

As long as the accounts are balanced and the interest income is taken away, no one will know.

Relatively speaking, this is a mild approach. If you don't pay attention to your eating habits, you can directly reduce the value of your bad debts.

Of course, this can only be imagined. Such a large-scale impairment of bad debts has turned the Near East Development Bank into negative assets, and shareholders have to explode.

With so many forces acting together, Hudson no longer has to hang out on the mainland.