Reborn Rich To Rival Country

Chapter 413 Banking Earthquake

at the same time.

Chen Mo has arrived at the Capital City Head Office of the Central Bank of Yin Yang Kingdom.

He took the check from Quan Songyi, patted it on the counter, and said expressionlessly, "Exchange."

The clerk happened to be the one who had just rejected Jeon Song Yi.

She glanced at Chen Mo with contempt, and said with disdain, "This bank only cashes the bank's checks, you can go."

After she finished speaking, she turned her head and laughed with the clerk next to her, leaving Chen Mo aside.

"International UnionPay stipulates that my check can be cashed at any bank in any country!"

Chen Mo said coldly.

"Shake-it, Asi!"

"Are you annoying? What bullshit International UnionPay is, I don't know! If you want to make trouble again, believe it or not, I will let the security kick you out?"

"Daxia people are so unqualified!"

The female clerk sneered.

"I want to see your leaders!!! Let your leaders come out and meet me!"

Chen Mo said coldly.

"How cheeky are you? Even you, a Daxia native, deserves to see our leader?"

"Snapped!"

Chen Mo slapped the female employee in the face.

The female staff was directly beaten and forced.

After reacting, she looked at Chen Mo with resentment, and howled sharply: "Security!!! Security!!!"

"Someone is making trouble!!!"

Immediately, several security guards surrounded him.

They didn't ask the reason, they picked up the electric baton and greeted Chen Mo.

There is no reason for him.

Because they know that Chen Mo is from Daxia.

In the Yin and Yang Kingdom, no matter how much you bully the people of Daxia, the superiors will not care.

However, it has not been able to get close to Chen Mo.

Bang bang bang! ! !

Leng Feng punches like a dragon!

With one punch, all these security guards were knocked to the ground!

"Drag her out to me."

Chen Mo said indifferently.

"Yes!"

Leng Feng went directly to the window, grabbed the collar of the female employee, and pulled her out of it!

Because the window was too small, all the clothes of the female staff were removed at once, and a lot of flesh was scraped off her body.

She cried out in pain.

Chen Mo stepped on the woman's face and said indifferently, "I'll give you one last chance, should the check be cashed or not?"

"what are you doing?!"

At this time, a middle-aged man with a national character face and an angry face rushed out of the office.

"Who are you?" Chen Mo said indifferently.

"I'm Yang Xianshuo, the president of this bank. Why did you beat my staff?" Yang Xianshuo snarled angrily.

"I asked her to cash me the check, but she didn't cash it for me, and insulted us in Daxia."

"Hit her, it's light!"

"I didn't kill her on the spot, she could only be considered lucky."

Chen Mo's eyes narrowed slightly.

The murderous aura emanating from Chen Mo's body shocked Yang Xianshuo.

He could see that Chen Mo was not an ordinary person.

So he said, "What check? Show it to me."

Chen Mo gave the check to Yang Hyun Suk.

"This is a Chinese cheque. Our staff can't understand it. You can exchange it for a Korean cheque, and I will cash it for you."

"Also, you beat up our employees, you must apologize for this."

For Yang Hyun Suk, this is already a big concession.

However, when Chen Mo listened to his gift-like tone, he became furious again:

"My check is a legitimate check, but I can't read it, it means your employees are not capable of doing business!"

"You want me to run back to China and cash it into a Korean check? You want me to apologize? What a joke!"

Yang Xianshuo was also angry: "Shame on your face! It is already a gift from us onmyoji to be able to exchange for you! If you are not convinced, get out now! We don't accept a savage Daxia customer like you!"

Chen Mo glanced at Yang Hyun Suk and suddenly smiled.

The smile is full of fun.

"Remember what you said, I hope you don't regret it."

"Leng Feng, go!"

Chen Mo took Leng Feng and left without turning his head.

Yang Xianshuo looked at Chen Mo's back and scolded: "Axi, he's just a stinky summer man, what are you pulling!!!" "Boss, why didn't you call the police and arrest him?"

"Look at me, and what happened to those security guards?"

The female staff was aggrieved.

Yang Xianshuo said impatiently: "You can do it! According to the regulations, that check can be cashed for him. It's a big trouble. Let others know that our bank does not cash checks for foreign customers, and it will have a bad impact."

The female clerk had no choice but to nod reluctantly.

After all, it was her fault.

that night.

Representatives from several giants and the Hong Kong government flew overnight to Chen Mo's residence in Yin and Yang Kingdom.

Chen Mo smoked a cigarette, his tone was very light, but he said with unquestionable:

"All deposits in Yin and Yang Kingdom, withdraw them all!"

"The reason can be told the truth."

"Do it in the morning!"

"Yes!!!"

Early in the morning, the second-ranked financial bank in the Yin-Yang Kingdom opened its doors.

Several men in black walked in with a large number of employees holding checks from the bank.

After inquiring about the identity of the visitor.

This battle frightened the little staff.

The president of the bank hurried out to receive him.

"What? To... take out all the deposits in this bank?"

When the president of the financial bank heard this, his face turned pale with fright!

The four giants of Hong Kong City have more than 20 billion deposits in our bank!

If it were all taken out, it would simply be a financial disaster!

It will even lead to a big crash in the bank's stock, and the phenomenon of depositors fleeing!

The head of the bank said in a trembling voice: "Can... can you do it for the next reason?"

The headed representative briefly explained what happened when Chen Mo exchanged the check.

"The countryman can't be humiliated! Daxia can't be humiliated!"

"20 billion, immediately let people take out all the money!!!"

The same thing happened to the other top ten banks in Yin Yang Kingdom.

one day!

It only took one day! ! !

The cash storage of the top ten banks in Yinyang Kingdom has dropped significantly, and it has dropped below the safety line!

Let's talk about cash reserves here.

The earliest goldsmith bankers provided pure "gold coin deposit business". When depositors handed gold coins to bankers, bankers provided receipts in standard format. These receipts were "bank notes", "derivatives" of these gold coins. Gradually become a medium of social transaction, known as currency.

The bank at this time is under the complete reserve system, and it can exchange bank notes for gold coins at any time. Its main income is the "custody fee" paid by depositors.

Over time, the "smart" goldsmith banker found that only a few depositors came to ask to exchange bank notes for gold coins. Seeing that the gold in the gold cellar was lying there sleeping, the banker couldn't help itching. What about "revitalizing" these sleeping assets?

There are always some people in the society who need money urgently, so the banker tells them that they can go to the bank to borrow money, as long as they repay the principal and pay some interest within the specified time limit.

When the borrower came to the bank, the banker used the method of issuing more receipts, issuing additional bank notes to carry out the loan, and collecting interest. As long as the additional issuance is not excessive, it will generally not cause doubts among depositors. Long-term experience shows that it is safe to issue about 100 times more bank notes.

Because loan interest income is a windfall, of course, the more the better, so bankers began to attract depositors everywhere. In order to attract people, they began to pay interest on the deposit and custody business that originally charged.

In modern society, the above-mentioned "gold coins" have become cash.

The currency issued by Yinyang Bank in the market may be several trillions or tens of trillions.

But the bank's cash reserves are very small.

These people sent by Chen Mo, when they opened their mouths, almost took out all the cash reserves of these banks!

Once these reserves are exhausted, the value of the additional "bank notes" will plummet!

Customers will panic and cash out because they fear the bank will go bankrupt, or will not be able to cash out their deposits!

Once that kind of knock-on effect is triggered, the bank will be devastated!

Reputation, credit, number of clients, everything that matters, will cascade down! ! !

On that day, the heads of the head offices of the top ten banks who had not held a meeting together for more than ten years rushed back to China from all over the world to hold an emergency meeting.

"The people sent by Daxia this time are expected to withdraw 300 billion in cash! What can I do?"

"The bank's reserves have been used up today, and customers who come to withdraw money are wondering if the bank is going to go bankrupt."

"Our bank can't hold it anymore, and some customers have started to make trouble, asking us to exchange money."

"The Hong Kong government contacted me today and wants to unilaterally cut off cooperation! You must know that we have finally spent a lot of money to make our business like a Hong Kong city! How can this be good?"

"..."

One bad news after another.

23qb.

Jin Xianxiu, the chief financial secretary of the Yin Yang Kingdom, roared with a livid face:

"what is the problem?"

"Why does this happen?"

"Once the 300 billion cash reserves are really taken away, there will be financial turmoil!!!"

"The banking industry, financial industry, and stock market in the Yin-Yang country will have a collapse effect, and the consequences are incalculable!!!"

"Axi, who can tell me what's going on?!"

23qb.

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