The Fourth Financial Crisis

While Yang Lu was connecting forces with each other, Lin Jianxing was also in the Wuliang Sword Sect's meeting hall, summoning the Wuliang Sword Sect and the main high-level monks of the Wuliang Sword Sect to discuss countermeasures.

Not only Yuntianhua, Liu Hanxing, and several monetary policy committee members were all present, but even five of the six Nascent Soul stage elders of the Wuliang Sword Sect were present. Only Elder Ren Tianyuan, who was still in retreat, did not attend, but Ren The elder also sent his direct disciple to attend the meeting as a representative.

But this meeting obviously did not go very smoothly.

When Yang Lu had united all forces to force the palace, Lin Jianxing was still angrily banging the table in the meeting hall and angrily yelled at several Yuan Ying ancestors of the world-joining sect: "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 disaster, there is only responsibility. Don’t you all understand this simple truth?!"

Hearing the saying "In the face of disaster, one has only responsibility", several monks from the worldly sect could hardly stop laughing:

Why don't you let cultivators above the foundation building stage come out?

The high-level monks who can attend this meeting are all at a state of cultivation that has been accumulated with massive cultivation resources. However, the Wuliang Sword Sect does not have the ability to provide so many cultivation resources to all its disciples. The cultivation resources that everyone has consumed over the years have come from this. Everyone knows it.

It can even be said that almost all the culprits who drove the low-level cultivators into desperation are sitting in this meeting hall. However, Lin Jianxing, the culprit among the culprits, is still talking about responsibility.

How can everyone not find this ridiculous?

As the number one target of Lin Jianxing's bombardment, Mo Yunlan didn't even move his eyelids. He just hugged Lou Guanjian and said calmly: "You are the leader of our Wuliang Sword Sect. You can't expect us to wipe your ass for everything. !”

Mo Yunlan's mocking tone caused Lin Jianxing's blood pressure to spike instantly, but he still suppressed his anger and said: "I know you have objections to what I did, but I also took this step to solve the problem! You know that nowadays, cultivators everywhere How difficult are the sects already? Some sects even started borrowing money to pay their disciples’ monthly salaries hundreds of years ago. Now these sects can’t even pay the interest even if they don’t want to pay back the principal!”

Mo Yunlan pointed at Yuntianhua who was pretending to be deaf and said: "It is only natural to pay back debts. If the local branch has bad debts, the commercial banks affiliated with Lingshi Reserve Bank should also be worried. As a result, Yuntianhua Bank is now The leader hasn’t said anything yet, how can there be any reason for the leader of the Wuliang Sword Sect to take the lead in printing counterfeit banknotes?”

Being named by Mo Yunlan, Yuntianhua just smiled helplessly.

Caught between Lin Jianxing and Mo Yunlan, whatever he said now was wrong, so he might as well just remain silent.

So everyone turned their attention to Lin Jianxing again, wanting to see what else Leader Lin could say.

However, when it came to discussing matters, the monks from the secular school were no match for the monks from the worldly school. After Mo Yunlan finished speaking these high-sounding words, the aggressive Lin Jianxing didn't know how to respond for a while.

Yes, if there are large-scale bad debts in the cultivation sect, financial institutions such as Haiya Bank should be more anxious. So why don't Jiang Hua'an, Su Yuanfeng and others seem to be in no hurry at all?

In fact, the reason is very simple:

Although the interest rates on bank deposits in the world of cultivation are very low, and there are even negative interest rates, the interest rates on loans in the world of cultivation are not low at all, because many loans in the world of cultivation are nominally loans, but in fact they are the seniors of the sect overdrafting the cultivation resources of the juniors. It’s unsustainable. Most of the time, people just pretend to be confused because they understand.

Not only do the borrowers have no intention of repaying the money, Xiuzhen Commercial Bank is not a fool either. Haiya Bank has long known that loans from these high-level sects have a great risk of bad debts. Therefore, the extremely high deposit and loan interest rate spreads in the Xiuzhen world are actually caused by the borrowers. In terms of the risk premium paid for the risk of bad debts, if a certain sect had applied for a loan from Haiya Bank a hundred years ago, the interest it paid by now would probably have exceeded the original principal.

If it were the earth's mortgage interest rate, this might not seem like much, but the Kyushu cultivation world is not the earth, and it is not in a state of natural inflation all 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.

In other words, even if Xiuzhen Commercial Bank like Haiya Bank cannot recover the principal, it can actually recover the principal long ago by relying on interest alone. Even if it is really unlucky and the principal cannot be recovered, Haiya Bank still has a "mutual assistance agreement" "This evil method can make up for the lost rights and interests in other ways.

Therefore, as long as there is not a collective thunderstorm among all the cultivation sects that owe money to Haiya Bank, but only a few or dozens of local cultivation sects, the super plutocrats of the Haiya Group who run banks will not mind at all, and will instead take advantage of them. Take this opportunity to continue to sign special reciprocal agreements to enhance your potential influence.

Taking a step back, even if all the sects collectively defaulted, the worst case scenario would be for the Haiya Clan to directly declare Haiya Bank bankrupt and then transfer the risk to other depositors again, triggering a complete financial crisis.

However, it turns out that Seacliff Bank does not need to go to this step at all.

Not to mention the collective collapse of all cultivation sects, even if only dozens of cultivation sects collapsed, Lin Jianxing might not be able to sit still.

In the world of Kyushu cultivation, high-level cultivators are not immortals who do not eat the fireworks of the world. They are more like the actual rulers and emperors of various regions. Even their accumulation of merits is highly related to the social conditions of the ruled areas, even if there is only one family. If a cultivation sect goes bankrupt, the consequences will be extremely serious.

If the cultivation sect cannot pay wages, the management of the entire region will inevitably fall into chaos.

If the world of cultivation was vast and sparsely populated seven thousand years ago, even if there was chaos, it would not be chaotic. However, today's cultivation cities have become densely populated metropolises under the management of cultivators. If such a city Total chaos breaks out, and the consequences are undoubtedly catastrophic.

Today's Haiya City can still maintain normal operation, but some cultivators who have lost all their money are making trouble. But even so, in just a few days, Haiya City suffered nearly a thousand casualties, and this has not been counted. Collateral losses caused by unrest.

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

This terrifying karma can even make many sect leaders and elders go berserk on the spot!

Yang Lu once asked Jiang Hua'an and Su Yuanfeng how the Haiya system would handle itself if a large-scale financial crisis broke out in the Jiuzhou cultivation world, and Su Yuanfeng gave a cold-blooded but rational answer:

Haiya City does not need to survive the financial crisis, it only needs to last longer than other cultivation forces. As long as some areas fall into complete chaos, the top leaders of the local cultivation sects will inevitably go crazy, and even the middle-level sects may not be able to survive. The high-level cultivators will soon turn this place into a hell on earth where demons are rampant!