King of The Wall

2021-01-06

Chapter 48 The Game of Money (Part 2)
"That's right, if my shop meets again What is the problem, I will come to you to borrow it. As long as the people who earn my 10,000 Golden Dragon finally deposit the gold coins back into the Iron Vault, this game can go on indefinitely." Igor smiled slyly: "With 10,000 Golden Dragon , it is possible to do things that require 20,000, 30,000 or even 40,000 Golden Dragons to do. Only one situation will interrupt this cycle, and that is, too much money is lost in circulation, or it runs out of Braavos I couldn't get it back in time. Now, you understand why the Iron Vault lent money to King Robert, so the debt collection was so urgent."

"Because the money Robert spent won't go back to the Iron Vault. Instead, it was hidden in the house by the Westeros!" Tyrion almost snapped his thigh, and finally there was something he could easily understand, "This is the so-called... What is it called, 'the chain of funds is broken'!"

"That's right." It's Tyrion, and it's really fast to learn and use it: "Now, the money borrowed from the Iron Vault is actually far more than the wealth in its vault and even the entire Braavos, repaying the principal. Gold is actually something that it can do without thinking about it, can you say that the Iron Vault is cheating?"

Oneself seems to be really convinced? Tyrion stared wide-eyed, still a little unwilling: "But after all, you are an ordinary person, not a noble, nor a rich man..."

"I am the material recruiter of Night's Watch, King's Landing and Crownlands. Recruiters, Dragonglass mining Chief-In-Charge and ambassadors, do I have the book or did you ask for it for me, forget it? Not to mention now that I have a certificate from the Prime Minister, if I'm in the name of Night's Watch The loan, Commander Mormont can't even admit it." Igor smiled even more proudly, and suddenly felt that the identity of Night's Watch was not bad: "What is a scam? If I borrow money, take the money and run to the narrow sea by boat It's a scam if I go to the opposite side; it's also a scam if I don't pay in the end; but if everything goes well, everyone who lends me money will be able to pay the principal and interest when they need it. Take it away, can this still be called a scam?"

"Isn't it, it can only be regarded as a brilliant scam at most?"

"Alas...Imagine if A Westeros person, if he wants to open such a store, he needs 20,000 Golden Dragons that really exist and belong to oneself. But without the store, I will never be able to make so much money, if I don't make so much money, I can't open a store ...Under this kind of predicament, Westeros has been developing for thousands of years does not raise." Igor said: "If this is also called a scam, then the world I come from——" Almost missed , he quickly corrected it: "The entire continent and the entire society I came from China are built on scams, but such a society built on scams has developed a political, economic and cultural far beyond Westeros. And the level of technology, what do you think about it?"

"This—"

"Not only that, but where I'm from, has played the game of money in a way better than Braavos A higher level." Igor continued to throw a bomb In order to prevent accidents due to insufficient gold coins in the vault. Therefore, for every gold coin in the vault, it can only virtualize two or three non-existent gold coins into the market to build oneself's armies and cities, or to borrow money. Earn interest. But China's bank is different, it does not lend any real gold, white silver , but only issue paper proofs, which we call banknotes or 'banknotes'. It will announce in the name of Bank of China that the person who holds this paper owns the ownership of 10,000 Golden Dragons in the vault. The great thing is that the holder can also directly use this certificate as 10,000 Golden Dragons... ...In this way, for every gold coin in China's bank treasury, it dares to make up more than a dozen gold coins that don't exist, and let the made-up money flow into the market and build the country. The efficiency of the two can be discerned at a glance. Braavos is indeed very powerful, but China is a thousand times stronger than it. If it were not separated by a sea of sunsets that could not be seen, the Chinese army would occupy Westeros and Esso. Sothoryos, and even the whole of Sothoryos, is just a matter of how much time the army needs to travel. "

"A piece of paper, representing 10,000 Golden Dragons? "

"It's not that exaggerated, it's just an analogy. "

"How is this possible? According to you, China's banks are playing such a big game. As long as one tenth of the people take the paper you said to go to the bank to exchange money, this scam will be revealed!" "

"Not to mention tenths, no one actually goes to get gold coins." Because in the eyes of Chinese people, banknotes and gold coins are already the same thing. "This is a bit difficult to explain, and Igor also thought about it for a while before he spoke cautiously: "Playing the game of money will produce a very magical result-although our fictional 'chicken' is fake, it is The 'egg' is real. We have prospered society with non-existent gold coins, mobilized people's accumulation Highest Nature has increased productivity, and then built houses and troops, produced countless food, clothes, toys... Finally, the value of goods owned by Chinese people has been far It far exceeds the value of Silver Coin, the gold coin that exists in the bank and even the entire China continent. At this stage, it has become unrealistic to use precious metal currency for transactions, and Chinese people have completely abandoned the ancient currency and turned to banknotes as real currency. "

"Taking paper as money?" "

"Yes, this is the final stage of the money game, and at this point, what you think of as a 'scam' is one of the frameworks and rules by which society operates, and will not be shattered anyway. "What Igor didn't tell the other party was that in the real final stage, the money will be just a number on the book, not even the banknotes.

＊＊＊

"Chicken It's fake, but the eggs are real... the chickens are fake, but the eggs are real..."

In the past two months, Igor gave Tyrion a chance Telling the story of oneself's motherland China, and these stories are basically covered up by the modern technology of the celestial dynasty and then moved to a new place. It can be said that nine points are true and one point is false, and there is almost no weak spot to be found, which has led to dwarf now There is no doubt about the existence and power and wealth of "China". So Lannister, the smartest in the world, is also caught up in the story of Igor, murmuring the latter's words like a fool, completely losing his former eloquence.

"It's too early for a fictional 'chicken' to lay eggs, what I'm going to do now is just to use chickens to lay eggs. "Igor finished telling the whole story, it's time to see the results: "Since even making up a dozen times more gold coins can be a good thing to promote social development, then I borrowed money in the name of Night's Watch, and I did use it. The money works for Night's Watch, and it also guarantees the repayment of principal and interest on time. How can it be such an unforgivable sin? "

"Let me see, it's a little messy in here." "

"Just think about it, it's still too early before I need to meet next time." "Igor stood up: "I have other things to do today, to raise money, and I'll talk about it when I get back." Tyrion, you saved my life when I was in danger. This kindness will never be repaid. I swear in the name of the new gods Old Gods and all the gods, and I will never pit you. But have you ever thought that, as a dwarf, just reading and self-cultivation, when will it be your turn to contribute to the family, and when will you get the opportunity to prove your oneself to Duke Tywin? "

These words are a bit suspicious. If the relationship is not in place, it is likely to be a deep conversation, but Igor is bullying Tyrion as a gentleman. What is a gentleman? Losing his head and holding a grudge just touched Tyrion's deepest desire.

"My advice is, try opening Westeros' first bank. It's impossible to do this as a Night's Watch, but with House Lannister's strong financial base and 'debt repayment' reputation, if you have an idea, you will definitely be the easiest to try. And if you think it's not advisable after thinking about it, then let it go. You finally lend me 180 Golden Dragons as the interest of the first round loan, and all subsequent operations and risks are carried out and borne by oneself. And if you decide to give it a try after thinking about it, not only can you participate in the whole process of my fundraising this time, but when you plan to formally establish a bank in the future, I will definitely do my best to provide help and advice, that's it. how? "

"Okay, I'll study it and give you an answer. "

"Okay, now, I'll go to Red Keep first." The conversation between the two took some time, and the morning passed, Igor walked to the door of the room and suddenly remembered something: "I almost forgot, the game of money we just talked about already has a specific game in China. name. There is no equivalent in Westeros, so I decided to call it gold and liquidity with a new word - 'finance'. ”

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(end of this chapter)