Magic Tower Starry Sky

The latest website: "I have a certificate of deposit for one gold coin, and the bank has a claim for one gold coin. Needless to say, the certificate of deposit can be exchanged for one gold coin.

However, the claim of this gold coin is money owed to the person who borrowed the money, but it is also an asset to the bank.

Since it is an asset, it can be bought, sold, and transferred to anyone. Because anyone who takes over the debt has the right to take back a gold coin lent from the borrower.

Couldn't this be money? "Think carefully, think seriously, there is nothing wrong with it. But Brutus fell into an inexplicable entangled state.

Lin continued: "The story is not over yet. Of course the person who borrowed the money has a use for it, so he spent the gold coin.

And this gold coin will become a reward, or the price paid for purchasing a certain commodity, and it will be in the hands of the second person.

The person deposits the gold coin in the bank again and obtains a deposit certificate for the gold coin. The bank lent the money again, claiming a gold coin. "So now on the market book, there are a total of four gold coins worth.

They are two certificates of deposit for one gold coin, and two claims for one gold coin. When this gold coin passes through more banks, although more people owe money, it can create more book value at the same time. "" But there is only one gold coin.

Where does the rest of the money come from? Brutus said. The magician in front of him found out from nowhere a voucher issued by a certain bank, which was quite beautifully made.

The texture is meticulous and complicated, and there are even other details hidden in the details, full of anti-counterfeiting measures for modern banknotes on the earth.

Lin pinched the two ends of the banknote and pulled it symbolically. This action made the Lord of Wealth suddenly realize.

Dare to say that the purpose of this piece of paper is not that it is lighter than gold coins, so it is easy to carry. There are other intentions. "There is always only one gold coin.

But as long as the bank recognizes the value of the voucher and the market recognizes its value, then a gold coin can theoretically generate countless book values ​​under the operation of the bank.

These book values ​​can be used to issue vouchers. The only way to reduce this book value is to pay off the debt.

When the debt is all zeroed, the actual real value will be left in the market, that is, the gold coin. "Speaking of this, a certain magician took a breath, looked at the leopard who was bowing his head in thought, and asked: "Have you heard anything after listening so much?" Brutus looked up and said: "According to what you said, inflation doesn't happen just because someone prints too many vouchers, which lowers the real value that the voucher denomination can represent."

In fact, in the process of bank lending, money will also increase. ""Yes, Your Majesty. You know my situation too.

In my hometown, it is well known that printing money indiscriminately will cause inflation, so if the government with the power to print money no longer prints money, inflation will not happen.

However, the fact is that regardless of whether the government is printing money indiscriminately or not, inflation still occurs every year.

why is that? "Because the real point of inflation is naturally generated by banking business, it cannot be prevented, at best suppressed.

No one dared to tell outsiders about this matter, but it really existed. I used to hear people say that money is the fastest way to make money.

I always thought this sentence was an exaggerated and ridiculous sentence, but I never thought that this sentence is actually a big truth describing the real situation. "As a **** who intends to start from this aspect, the Lord of Wealth certainly cannot give up his original idea based on these alarmist words.

She tried to argue and said: "But you didn't say it, as long as the debt can be fully paid off, the state of the market will return to its original state." "Hey, Your Majesty, just think about it if you pay it off completely.

People have misfortunes and fortunes, and investment also has profits and losses. If you encounter someone who doesn't pay, or someone who deliberately reneges on his power, what should we do?

Besides, I haven't introduced the factor of 'interest' yet. "In the situation I just mentioned, for every gold coin deposited, you can get the interest of one gold coin.

For every gold coin borrowed, the interest of one gold coin also needs to be paid. How would things change when this element was added?

What if the banks buy and sell their claims and exchange them for cash that can be used directly? "Borrowing and repaying usurious loans is a common thing in a land where the financial economy is not developed.

After all, the risk of borrowing is too great, and there are not enough benefits. Who wants to lend money to others? No matter how close it is.

That's why Brutus didn't care about whether such an example would be too exaggerated. And the knowledge of mathematics, especially the simple addition, subtraction, multiplication and division, is not difficult to learn with the wisdom of gods.

Not to mention that in the concept of the Lord of Wealth, such knowledge can also be used to calculate how much wealth one owns.

Hearing the situation told by the magician in front of him, Brutus could easily draw the result. The problem is that when the first debt is due to be repaid, there is only one gold coin in the market as the basis. Where can there be a second gold coin to pay the interest?

To solve this problem, whether it is difficult or not, it is not easy to say, that is to borrow the second gold coin and pay the interest on the debt of the first gold coin. Anyway, borrowing is just paper.

Then you can hang out for a while until the time comes when your second debt comes due. Well, it seems that the day when the debt in the market is fully liquidated is far away.

The Lord of Fortune draws such a conclusion. But this also made Brutus think of another question, and asked, "How did you solve this problem in your hometown?" "My hometown." Someone showed a strange expression, winked, and after struggling Cai said: "Before the harvested leeks re-germinate, the idle sickle is of course to find a new batch of leeks.

Cut it and look for it, find it and cut it, cut it and look for it, and so on. Simply put, it is to use the dividends brought by growth to offset the debts that have grown in the market. "There are mainly two ways to grow here.

One is the growth of external profits. It can be trade, plunder, or war. Anyway, it is to rob other people's things to pay off their own debts.

But it's just a way to pass the loss on to others, not really solve the problem. "The other is population growth.

Although the debt in the overall market is increasing, as long as the population increases faster than the debt increase, then these debts are spread equally to everyone, and there will not be too much pressure, and it may even feel slowed down. At this time, people will say: Because people in the past suffered from such hardships, it is okay for people now to suffer the same way, maybe they are more relaxed.

But if the population doesn't grow as fast as the debt increases, that means the burden spread equally to everyone is increasing.

It was hard enough before, and it's even harder now. In such an environment, it is difficult not to be complained about. "However, after the population increases, it can be expected that the speed of debt increase in the future will also become faster.

Although the debt problem that is currently due has been suppressed for the time being, the problem in the future will be even greater. In other words, this whole system is like taking poison to satisfy your hunger when you are hungry.

In the end, you can only choose one of the two, either starve to death or be poisoned to death. "A certain person finished talking about his situation as if complaining, and the Lord of Wealth looked at him in surprise and said: "This is not a solution. " Lin spread his hands and said frankly: "It's not true.

But you can choose to die early or late. "" Then why do people in your hometown choose such an approach? " Brutus asked puzzled.

After thinking about it, Lin explained: "Although predicting the future is a dose of poison, it is undeniable that this dose of poison can give the current self a chance to grow stronger.

If a country does this, and other countries don't follow suit, they will not even have a chance, and they may be eliminated before they grow stronger. "Then everyone can only hope that their physique is good enough to eat a little more poison and not die.

Then, before the poisoning occurs, they continue to transfer these toxins to other countries, delaying the time of their own sudden death. "Lin's explanation clearly dissatisfied the Lord of Wealth.

She asked another question that she hadn't asked before: "If all of this is as you said, it is full of shortcomings and traps.

So what do the people who designed it all get? ""Financial power, military power, personal strength, all of these are for the purpose of converting into power.

Control other people's lives, control other people's life and death. When the amount of money reaches a certain level, for those at the top, money is just a number.

What they care about is what these numbers can bring, not the numbers themselves. "As for the debt that needs to be repaid in the future, as the designer of the rules of the game, how could he not know how to avoid or pass it on.

Even though the changes in the overall social environment are constantly sliding into the abyss; but when it comes to individuals, there must be some people who suffer and others who take advantage.

Since I can take all the benefits and others will swallow the bitter fruit, then how bad is this world, and these people have half a cent to do with it?

right. Hearing this, although Brutus still had a lot of doubts in his mind, he was much less inclined to take the road of banking and lending.

The reason is the difference between gods and mortals. Ordinary people would want to be the group of people at the top of the pyramid in the capitalist society.

However, how could the gods be satisfied with the faith that can only harvest a few people, and the curses of the vast majority of people?

This is not to mention the question of how much belief a little person has. The consensus among the gods is that unless they are pious people, those who have reached the top in a certain field will have weaker beliefs.

Because they believe more in what they believe in, rather than pinning most of their feelings on a certain god. "But!" Someone suddenly yelled, throwing out a turning point.

Leopard cooperated very well, and then asked: "But?" "Dangling's financial and economic environment continues to develop, and sooner or later it will encounter a bottleneck.

At this time, the behavior of borrowing and lending, which has the function of regulating financial funds, is inevitable. Because continuing to block will make it impossible for those with redundant funds to make full use of their advantages, and it will also make it difficult for those with the ability and creativity to suffer from not having enough funds to realize their ideas.

—” A certain person spread his hands helplessly, “—but at that time, I don’t know how the road should go.

Perhaps His Majesty Brutus is wise enough to find a way out. My only idea is to let the creditor's rights be content with the creditor's rights, instead of being operated as assets.

But what the future world will look like, and how to face it, is not my business. "

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