Doomsday Code

Chapter 477 Gambling Fight

Then the same thing happened that year. The elf lost her life in order to give birth to a child for him.

Fortunately, Moss XIII came up with a solution and arranged a marriage between Huidun and Melinda, who was just born.

This way, Melinda would not have been harmed by the princess when she was a child.

Although Xiao Suo wanted to eat him alive, he also knew that if things got out of hand, the kingdom would want to suppress Duke Griffin, not to mention the huge price it would have to pay, and other nobles who shared weal and woe with the kingdom would also begin to become disloyal.

So he buried this hatred deep in his heart.

The people he felt most sorry for in his life were the kind elf girl and Melinda.

Then Xiao Suo told him how he met Hui Dun at the banquet and how Hui Dun helped him overcome difficulties.

"That's why I said this old man was just barking like a dog. It's clear that I was deceived by them, but now they are turning the tables on me."

Those ministers who had betrayed Xiao Suo were now speechless.

"I feel so wronged. Not only was His Royal Highness deceived, but I was deceived as well."

This is not a lie.

These guys wanted to get Prince Xiao Suo to share the risk not only to cheat him, but they didn't expect the bank's financial products to be so deceptive.

No one made money.

Either the return on investment is slow, or the profit is small. It is a completely junk financial product.

Moss XIII waved his hand and said:

"Okay, this is just business for you guys, I don't have time to care about these, whether you make money or lose money is your own business."

"Now that this is over, do you have anything else to say?"

If it weren't for Moss XIII's reminder, these old guys would have been misled by Xiao Suo and almost forgotten today's business.

"This matter can be exposed, but it is a fact that Earl Huidun used his status to open a bank to plunder wealth. Your Majesty, please close the bank and give a warning."

"Your Majesty, please abolish the bank."

The old guys who had been led astray before spoke out in unison.

Xiao Suo turned around and looked at these old guys with murderous eyes.

Once this bank is gone, how can he make a comeback?

But at this moment, Huidun, who had been silent all this time, laughed.

"Lord Huidun, what are you laughing at?"

"What am I laughing at? I'm laughing at you all being a bunch of idiots. I never thought that you guys would be in high positions."

Huidun's words were a personal attack, and all the ministers who stood up pointed at him and gasped.

"Okay, everyone, be quiet."

Moss XIII spoke from the throne.

"Just keep your point and don't make unwarranted personal attacks. I'll let it go this time considering it's your first offense."

Moss XIII revealed the matter.

Huidun also calmed down and said:

“Those who say I took advantage of my status and position to amass wealth probably don’t even know what a bank is. A bank is a financial institution that operates monetary and credit businesses.

Our bank provides savings services for depositors with its reputation as guarantee. In order to facilitate transactions, depositors can use savings certificates, that is, vouchers, for commercial transactions. As long as they can take the vouchers to any bank, they can exchange them for corresponding gold coins and also earn a certain amount of interest.

This is just a service of keeping property for others, how can it be said that it is a way of making a lot of money? "

Huidun knew that these guys didn’t understand banks and only viewed it through the narrow lens of political persecution.

"Hmph, Lord Earl, what you said sounds good, but why would your bank give more interest to people who deposit money for no reason? Why not charge them for keeping the money for them?"

However, Huidun didn't want to pay attention to this idiot, and just replied calmly:

"My Lord is kind-hearted and grateful for their trust in me, so I am willing to give them more money, what's wrong with that?"

Of course, the minister knew that Huidun could not be so kind, but he had no idea how a bank operated, so naturally he had no idea where to start.

"What the Earl said sounds good, but it is nothing more than a method of robbing Peter to pay Paul. He used other depositors' money to make up for the deficit and then created the illusion of benefiting the people. In the end, he still wants to use these vouchers to accumulate wealth."

Huidun raised his eyebrows. At first glance, what the guy who stood up behind said seemed to make sense.

But anyone who understands knows that he is just talking nonsense.

"Your Excellency, there is no need to do this. Why don't you go down and instigate all the depositors in the bank to run on the bank together and see if our bank can do what I just said."

Huidun sneered and stared at him.

To be honest, Huidun is not afraid of a bank run now, because Chen Cheng had told him about this long before the bank was established.

Therefore, they have already made preventive plans a long time ago. Now the investment assets of banks are all conscientious assets, and the operation of banks is also very benign, so they are not afraid of bank runs.

Moreover, a bank run like this is a good thing, as it can also dispel the concerns of many depositors who seem to understand the bank's operating model.

When the old minister heard Huidun say this, the corners of his mouth slightly raised.

"In that case, why not have an exchange at the Royal Capital Bank to see if the Earl can fulfill his promise."

The old man had already inquired about it. Since the bank opened, it received more than 100,000 yuan in reserves from outside, and there was no other inflow of foreign money.

If the bank offered interest rates, he believed that the hundreds of thousands of reserves would be far from enough to withstand a bank run.

Huidun clenched his fists after hearing this. If the bank had not known about the risk of a bank run, it would have been in big trouble.

"Well, as long as you can get as many depositors as you want to run on the bank, our Royal Capital Bank will take over."

And then Huidun said:

"But with this round trip, the depositors' interest has been reduced a lot. If our bank can do this, then you will have to make up for the interest lost by these depositors."

Huidun looked at him with a half-smile.

And this old guy is not stupid. He has also read the financial report. He only has that much savings. If he wants to compensate for the remaining interest, even if he exchanges it for an equal weight of gold it will not be enough.

"Your Excellency, don't be afraid. I remember that your family is also a big family. At worst, I will just give away all the family property."

Huidun's smile showing his white teeth looked like the ferocious teeth of a wolf in the eyes of this old minister.

At this time, he somewhat retreated.

But then he saw Huidun's playful expression, and he finally gritted his teeth and agreed.

He didn't believe that Huidun could come up with so much money. Huidun definitely couldn't do it. He was just bluffing.

"Okay, it's a deal. I hope the Earl can plead guilty in front of everyone."

He has completely torn his face off.