Chapter 1790: Guess who I am

"The value of money does not depend entirely on the value of the currency. It relies more on credit. Whether a paper currency has value depends on who endorses its credit."
Professor Moriarty smiled and tapped the embers in the pipe to give Joan a deeper explanation.
"The Far East can issue paper money instead of gold and silver coins because the Far East government has a reliable credit, which has won the general support of the people at home, and is also optimistic about the international financial institutions. Therefore, when the Far East government endorsed the paper money it issued, the domestic people Both foreign investors and foreign investors are willing to pay, so the Far East paper money is given a strong purchasing power, which is no different from genuine gold and silver."
"As for the imperial government, the situation is different. Government officials are incorruptible, financial expenditure is not enough, and domestic famine and turmoil are one after another. Such a government obviously does not have much credit. If the government endorses only to issue unsecured paper money, no fool is willing to use gold and silver. Come to exchange, this kind of paper currency cannot be circulated, and it becomes waste paper."
"Prince Frank and his staff John Raul have a thorough understanding of this issue, so they promote the issuance of imperial gold banknotes not only with the legal currency status granted by the government, but also with the assets of the Royal Mining Company."
"Just the day before yesterday, Count Mueller, the current Prime Minister of the Empire, accepted an exclusive interview with the "Holy City Daily" and publicly promised "Every imperial gold note has a corresponding magic crystal reserve", "100% rigid cash"!"
"Since gold banknotes can be exchanged for magic crystals equivalent to their face value, in this way, holding gold banknotes is equivalent to holding magic crystal futures. Guess what will happen next?" Professor Moriarty smiled strangely.
Is this still a guess?
The Royal Mining Company's performance is bright and profitable. The imperial authorities have used the Royal Mining Company's high-quality assets as collateral to issue gold banknotes. There are rich magic crystal deposits as value support, and there are countless moving wealth stories to tell, of course, prospects. Bright and popular in the capital market!
Qiao An looked up at the guide and asserted firmly: "At the beginning of the issuance of gold banknotes, because of the instinctive mistrust of the public, the paper money was scarce, but as smart people like you brought huge amounts of money into the market to buy gold There was a lot of hype about the banknotes. When the public found this to be profitable, they would follow suit and exchange real gold and silver for gold banknotes. The price of gold banknotes has risen in a straight line, but it will be more popular than real gold and silver in the future."
"I really deserve to be a good student. I guessed it!" Professor Moriarty laughed and patted Joan on the shoulder. "Now you should know, why do I say that the opportunity is rare?"
"Teacher, this is indeed a good opportunity, but you need to stay awake!" Qiao An couldn't help reminding the professor, "The issue of gold notes cannot be supervised. As long as the imperial government is willing, it can print gold notes endlessly. Wealth on paper grabs real wealth from people's hands and piles up like snowballs. When the face value of paper money far exceeds the magic crystal as a collateral, this game becomes a scam, and sooner or later it will blow up!"
"I know this." Professor Moriarty smiled slightly. "I will quietly exit before most people are fooled and bee crowded."
Joan ripped the corner of his mouth and retorted disapprovingly: "All the unlucky eggs that finally got the abacus are playing the same abacus as you!"
"Hey, everyone is playing the game of "drumming and passing flowers", who can successfully roll the money out, who will leave the thunder, the test is the vision, mind and determination, and I think that these three are not lacking." Mo Professor Riady smiled confidently, "Joan, the stock exchange is here, do you want to partner with me to fry gold notes?"
"Forget it, I don't have that idle time!" Joan waved angrily, pushed the door and jumped down.
"Wait a minute!" Professor Moriarty quickly came out with a probe, a little embarrassed in his smile, "Joan, you just said that there is a spare money that is not useful, right?"
"Well, do you want to take gold coins?" Qiao An asked back.
"Betting on the bank, of course, the more money, the better, and the more you will earn in the future." Professor Moriarty smiled, "Think about it, my good student, you borrowed money to support my speculative magic last year. Wasn’t crystal futures earning a tenfold return in the end? I promise, you’ll only earn more and more this time!"
"I can't get you!" Joan shook his head with a wry smile and stuffed the checkbook with his tutor. "There is 1 million gold Durga here. That is the money you made for me on the exchange last year, and now I will give it back. You, anyway, I didn’t make the money myself, and I don’t feel bad about losing money."
"Don't say that! What is "pay me back"? Your money is yours, it's called "borrow"!" Professor Moriarty wrote a melancholy note.
Joan casually stuffed the debts into his pockets, saying goodbye to Mr. Shen, an inextricable professor of financial speculation. Turn around and walk slowly along the street.
Not far away, a carriage chased from behind, and the girl's crisp laughter came from the window.
"Brother Joan, guess who I am!"
"Ruby?" Joan answered without thinking.
A mischievous laughter came from the window, and the door opened, and Mrs. Josephine in a red dress leaned out of the body, holding the door with her right hand, holding the umbrella in her left hand, and holding the umbrella handle towards Qiao An. He hooked and motioned him to come and chat.
"I guessed you would be fooled!" The countess smiled smugly.
Joan boarded the carriage, sat down beside her, looked around, and there was indeed no figure of Ruby in the carriage, wondering, "Are you really imitating Ruby to say hello to me?"
"Why, I don't look like it?"
"It's wonderful, but I didn't expect you to joke with me."
The countess pursed her lips and put on a sullen expression: "Where did your kid go during this time? There is no news at all, is he deliberately hiding from me?"
"Of course not!" Joan shook his head quickly, and then told the countess about the past three months.
"Magic bean? Cloud giant's garden? And the castle floating in the sky?" The countess heard wonder, "It's amazing, it's like a fairy tale!"
"It's also true that if I hadn't experienced it myself, I would feel incredible." Joan said with emotion.
"Unfortunately, Ruby, the little idiot, chose the latter between having afternoon tea with me and taking a nap, otherwise she could listen to you telling the story of the adventures in Yunzhong City for the first time. Travel to Yunzhong City." Mrs. Josephine smiled slightly.
Qiao Anxin nodded in sympathy. "Miss Ruby" is indeed such a "curious baby". If there is a suitable opportunity in the future, she might as well take her to Yunzhong City for a stroll, thinking that she will love the fairytale Atmosphere.
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