king.

Politics has always affected the whole body, and the change in the demands of the Alpha Kingdom has directly accelerated the process of forming an alliance among the five countries.

Sometimes talking about money doesn't actually hurt feelings.In politics, free is always the most expensive.

If you are paid, everyone is a fair deal.The political status in the alliance is still equal.

The Alpha Kingdom dares to give free military assistance, but the Three Kingdoms dare not ask for it!

It is easy to ask God to send God away, and if the matter is not negotiated in advance, the military instructors sent may become military infiltration.

The entire military system is labeled as the Alpha Kingdom, and it cannot be independent militarily, so how can it maintain independence politically?

Once you become a younger brother, it is not something that a little money can solve.Unless it is a last resort, no big country is willing to depend on others.

The Alpha Kingdom asked for prices all over the sky, and the Three Kingdoms paid back the money after landing.From the beginning of the price negotiation, all parties knew that the establishment of the five-nation alliance was only a matter of time.

The most direct impact is the debt negotiation of the Principality of Moxi. Everyone will become allies immediately, and the creditors of the three countries in the mainland will not be able to hold on to it!
Due to political considerations, they could only passively choose to follow in the footsteps of the Alpha Kingdom, renounce all loan interest, and accept the deferred repayment of the principal proposed by the Principality of Moxi.

The gap is opened from within the debt collection alliance, and subsequent problems will be handled easily.

Relying on crying poor and selling miserably, the Moxi people continue to launch public relations activities to various creditors.Including but not limited to a series of methods such as buying negotiators and secretly promising benefits.

After various operations continued to be performed, creditors with small amounts of money expressed their willingness to give up interest, as long as the principal was recovered.

People follow blindly, and more and more creditors compromise, making the remaining creditors less firm.

The object of the negotiation is a bankrupt government, and it is not easy to get back the principal. It is a luxury to get the interest.

The current government of the Principality of Moxi is acting like a hob with no money.If you want money or not, you will not give it.

The neighbors around are either aliens or allies of their own. Even if they openly default on their debts, they are not afraid of being armed to collect debts.

Being able to sit down and talk with everyone is an act of responsibility.If you are in a hurry, just lie flat and rot, no one can do anything about them.

Some melon-eating crowd watching the excitement are secretly scolding the Moxi people for being stupid!
After the government's financial bankruptcy, the country's reputation has been lost, and we are not afraid of being armed to collect debts, so we simply show our cards and finish the job, so why continue to pay the debts?
With a huge debt of 4.38 million yuan, the current Moxi government can pay up to 400 million gold coins per year, which will not be paid off in 100 years!
Others couldn't see clearly, but as the head of the elf delegation, Doris could see clearly.

The Principality of Moxi is not repaying debts, it is clearly paying protection fees.Since the debt crisis broke out, she has been jointly pressured by the nations of the human race.

Although such a small amount of money is scattered in the hands of many forces, it is nothing at all.

But now it is obviously not a question of money!
Big forces also want face, and usury is very addictive.In addition to the Principality of Moxi, they have more customers.

The precedent of debt default must never be set.Otherwise, everyone's bill collection costs will rise in a straight line in the future.

It doesn't matter if the debt is postponed, even if the subsequent interest is gone, the previous interest income does not need to be returned.

For the power holders of the major forces, this business is nothing more than "billion points" if the cycle is long, and "billion points" if the income is low, at least the book is still profitable.

It doesn't matter if it's money or not, the key is to save face and not let this matter become a stain on everyone's career in power.

It can be said that the Principality of Moxi raised the debt threshold of the continent of Aslant on its own, and let everyone know that the country also went bankrupt.

In the future, it will be absolutely impossible for countries to borrow money on a large scale without any collateral.

As a group of creditors who maintain their face, the Moxi Principality naturally cannot fall.In this context, there is not much the elves can do.

Fortunately, something went wrong in the Principality of Moxi, otherwise Doris really didn't know what to do.

"My lord, something is wrong!

Just now, the Mossi, together with the representatives of the Kingdom of Alpha, the Kingdom of Hesse, the Kingdom of Dante, and the Kingdom of South Shore issued a joint announcement. From now on, the five countries will formally conclude a joint defense alliance. "

Nina's words startled Doris.It's not just that the situation is not good, it's just trying to pierce the sky.

The alliance between the three countries of the Central Mainland and the two countries of the Northern Continent undoubtedly inserted a steel knife into the alien alliance.

整合起来的人族五国，可不是单纯1+1+1+1+1=5的问题。

Behind this is the potential for war and changes in the depth of strategy. The five countries that rely on each other are by no means as easy to bully as they were when they fought independently.

Not to mention the Five Nations Alliance, even the original alliance between the Alpha Kingdom and the Principality of Moxi caused a lot of trouble for the elves.

At one point, Doris began to wonder whether it was correct to let the alliance between the Mosi people and the Alpha Kingdom go in order to save time in the last continental war.

This suspicion didn't last long, and even if time could be turned back, they would still do it.

If they stay to entangle with the two countries, it is estimated that their allies in the mainland will be turned into dust of history.

Without the support of this group of allies, even if they and the orcs occupied the entire northern continent, they would not be able to stop the human race from advancing northward.

The current situation is far more reliable than the strategy to separate the North Continent.If it works well and the Five Nations Alliance is destroyed, the offensive and defensive momentum between the Alliance and the Human Race will be reversed.

There is no doubt that the destruction of the five-nation alliance is just a beautiful fantasy.No matter how good the human forces in the Southern Continent are at fighting among themselves, it is impossible for them to sit back and watch the alien alliance come back.

"Quick, send the news back to the clan immediately!"

Doris said in a loss of composure.

Deep down, she has greeted the family of elves who gather information.Such an important matter as the alliance of the five countries was unknown in advance.

But this is obviously wronged.

As the overlord of the mainland, the human race still has its own arrogance.Those who are willing to accept their cooperation are all leftovers from society, or some shabby households.

In order to avoid external interference, the negotiations among the five countries were conducted in secret.

A group of losers who have separated from the power center, even if they really work for the elves, they will not be able to get access to these messages.

If you haven't received the news, you won't be able to report in time.Even now that the five-nation joint announcement has come out, the elf intelligence department still has to delay a day or two to receive the news.

Efficiency, this is the flaw of all longevity races.Their long life spans have made them accustomed to a slow-paced life, and they have a very weak sense of time.

……

Dapace Palace, holding the five-nation joint announcement, George is beaming with joy.

The five-nation alliance came too timely, which meant that the bad situation of the Principality of Moxi had finally reached a turning point.

"Your Majesty, the situation has changed now. Should we continue our previous strategy when negotiating with the elves?"

Count Renato, Minister of Foreign Affairs, asked with concern.

Due to the previous situation, the Principality of Moxi had an unusually low profile in the negotiations with the elves, and fully implemented the strategy of "showing the enemy to be weak" proposed by Hudson.

This moment, that moment.

Relying on selling misery, he won the sympathy and support of the human race countries, and now with the Five Nations Alliance as his support, facing the elves again, the Principality of Moxi is no longer as fragile as it was before.

"Why not continue?"

George asked back with a smile.

The Principality of Moxi, who played the role of a poor ghost, can't even spend a single extra gold coin.

Whether it is a concession on compensation or an apology, it is all a matter of face.

How could the Principality of Moxi, which had been reduced to bankruptcy, have any face to speak of?

Anyway, it's come to this point, it's better to show the enemy weak to the end and continue to paralyze the elves.

Only by fooling the enemy can you defeat the enemy.

Deep down, George was ready for a protracted war with the elves.This road will be very difficult, but the Principality of Moxi has no choice.

After a little hesitation, everyone expressed their approval one after another.

If he had acted impulsively, the Principality of Moxi would have perished a few years ago, and it would be impossible to get to where it is today!
After having tasted the sweetness of choosing the lining, when encountering similar problems, the senior officials of the Principality of Moxi showed extraordinary tolerance.

The big deal is being scolded behind the back by the young nobles in the country, but they can't hear them anyway.

After all the dust settled, the Near East Development Bank has added a new business: collecting taxes from the Principality of Moxi to ensure that the annual repayment amount can be smoothly credited to the account.

To be precise, the significance of guarantee is greater than that of escrow.

After all, the Principality of Moxi had already mortgaged its taxes to the Near East Development Bank before this. From a legal point of view, after the debt defaults, the bank has the right to collect taxes on its behalf.

This is double insurance.

George was worried that after the financial bankruptcy, the creditors would take over the tax department of the Principality of Moxi, so he simply made a plan in advance.

The loans are all fabricated and false accounts, and adding a false mortgage contract is naturally not a problem.

The acting is so good, and the image of the poor ghost of the Moxi Principality is so deeply rooted in the hearts of the people that no one dares to let the Moxi government touch the money.

Everyone paranoidly believes that once the tax money enters the pocket of the Moxi Principality government, it will never come out again.

Both sides need a guarantee, and the intermediate role of the Near East Development Bank has emerged.

According to the agreement, the finance and taxation of the Principality of Moxi will be deposited in the Near East Development Bank first, and after allocating the 400 million arrears to all parties, the rest will be controlled by the Principality government.

In order to grab this business, this wave is purely a public welfare act, and Hudson confiscated the handling fee of a copper coin.

After the tax is recorded in the account, it must be transferred to all parties within three days, and it is just a hand.

Of course, for the convenience of everyone, the money is directly deposited into the accounts of the magic crystal cards of all parties.

When to withdraw cash and where to withdraw cash are all decided by each party.

In order to absorb reserves, Hudson also worked hard.Even if it was just short-term passing money, he was unwilling to let it go.

They were all forced out. With the continuous growth of the Near East Development Bank, the number of loans and deposits was seriously out of balance.

Leaving aside the fake accounts of the Principality of Moxi, the normal deposit and loan balance alone is as high as hundreds of millions of gold coins.

Although these loans are all collateralized and there have been no large amounts of bad debts, the lack of cash is still the biggest risk on the Near East Development Bank.

The core reason is that the nobles of the Alpha Kingdom are too poor, there are very few nobles who need savings, but there are a lot of nobles who need loans.

In order to reduce the risk, Hudson has strictly controlled the loan amount, but the problem still cannot be solved.

As a last resort, I can only find a way to absorb reserves.Even if it is the funds that have been passed by, I don't want to let it go now.

According to the past practice, as long as the money enters the bank, at least one-third of the cash will circulate on different magic crystal cards.

Even if it is cash withdrawal, nearly one-fifth of the people choose the golden ticket.In particular, customers who trade in bulk commodities are more willing to use Golden Tickets.

For safety reasons, there are even customers who request to have their names on the gold tickets.Even if other people robbed the golden ticket, they couldn't cash it, and there were a few prototypes of the check.

In this context, the Near East Development Bank's book profits clearly exceeded the sky, but it dared not even pay a bonus of a gold coin.

The shareholders have great opinions on Hudson.

It is said to make money every day on the books, but where is the money earned? Who saw it?

But it's too late to regret it. When I invested money in, I was an ancestor, but now I want to go out and become a grandson.

The only thing that can comfort the shareholders is that they really made money on the books, and they still made a lot of money.

If everyone accepts the golden ticket dividends and leaves without exchanging cash for a short period of time, Hudson can immediately pay dividends generously.

It's time for the annual bank shareholders meeting again.

Different from previous years, this time the Near East Development Bank had a long-term loan of 8000 million gold coins on its books, and the resentment of shareholders was also much greater.

8000 million gold coins is not [-] gold coins. This figure is a huge sum anywhere in the whole continent.

Even if the Near East Development Bank can make money, it will take many years to make it back.

If something happened to the Moxi Principality and the loan could not be recovered, it would be a big loss.

"Duke, the shareholders have all entered the living room. Judging by their appearance, I am afraid that the visitors are not kind!"

Rudolph said worriedly.

How glorious he was a few days ago, how miserable he is now.False accounts cannot be made public, and now he has to take a detour when he sees shareholders.

"Don't worry, they have invested so much in the NEDB, they are reluctant to let go.

No matter how great the resentment in my heart is, it will not directly overturn the table.

If you really do that, you will purely contribute to the development of the kingdom!

You go and deal with it first, I'll be there later. "

Hudson said with a smile.

If the bank goes bankrupt, it will be the minority shareholders who will suffer the most.As the head of the bank, he has already recovered his investment.

For example: helping the Moxi people to make false accounts.

The income from these commissions is shady, so Hudson reluctantly collected the money by himself.

Another example: bank operating costs.

Whether it's employees, venues, or the allocation of funds for each branch, it's all handled by Hudson.

Since it is a business, it will definitely generate profits.

There are many similar operations. It seems that he, the major shareholder, is in the same boat as everyone, and has not withdrawn a copper coin from the bank account. In fact, he has already made a lot of money.

Frankly speaking, Hudson is already very worthy of shareholders.Although I made money, the bank made more money!
With a net profit of several million gold coins every year, and a double-digit high-speed growth, it is a proper blue chip stock.

If this situation continues, after the establishment of outlets in the Principality of Moxi is completed, the bank's profits will exceed tens of millions.

It is not an exaggeration to describe it as rich and powerful!

The only regret is that the Near East Development Bank only makes money on the books. Due to insufficient deposits, it is impossible to distribute cash dividends at all, and shareholders cannot enjoy the dividends of the bank's growth.

The kingdom's shareholders were fine. Although they didn't get dividends, they got low-interest loans.

In addition, they didn't invest much capital, and most of them invested in resources, so the current return is not bad.

The real tragedy is that several major chambers of commerce did not see the return of the money, and the homework copied along with it was not able to be laid out due to political factors.

A local bank that can only make deposits and loans can only be regarded as a bank.

Although the operation is good and profitable, the profit margin is not as high as everyone expected.

The plate is not big enough, the funds cannot be circulated internally, and there is not much leverage at all.

The Near East Development Bank is lending money with depositors' money, but they are lending money with their own money, and their profitability is completely incomparable.

……

At the shareholders meeting, Rudolph had already been scolded bloody by the representatives of shareholders.

The left sentence must be kept secret, and the right sentence is inconvenient to disclose, and everyone will feel angry.

As shareholders of the bank, they don't even have the right to know.In case someone ran away with money, wouldn't they be the last to know?

"Quiet.

The Duke of Hudson is here! "

The yelling of the guards calmed down the quarrel in the meeting.A group of shareholder representatives are waiting for Hudson to come out and give everyone an explanation.

"Everyone is so angry!

But I don't think it's necessary, just talk about something.I also heard the controversy you just had outside.

You can rest assured that everyone cares about the operation of the bank.

The Near East Development Bank was established three years ago, and it took two and a half years for everyone to become a shareholder.The bank's net assets have grown from 900 million gold coins when everyone bought shares to nearly 3000 million gold coins now.

I think everyone can be satisfied with this growth rate.What is worrying now is nothing more than the fact that the bank made money, why it didn't pay dividends, and the 8000 million money from the Principality of Moxi.

Take the lead in stating that the loan from the Principality of Moxi is a political loan, and the main consideration is political factors.

Presumably many people have tried it, and they should know how difficult it is to open the area protection.If you don't give enough benefits, why should others give you the market?
It would be simpler if no dividends were paid, naturally to make more money!

NEDB is in the growth stage and needs to invest the profits earned in reproduction in order to occupy the market in the shortest possible time.

Competitors have emerged, and to stay ahead, we must scale up in a short period of time.

Banking is a capital-intensive industry. The larger the scale, the higher the profit and the stronger the ability to resist risks.

In at most another three years, we will be able to complete the overall layout of the Northern Continent, and then we will enter a mature stage..."

Hudson tried his best to fool him.

Those who are mature and immature are themselves a false proposition.Whether to pay dividends depends on the cash flow of the bank.

There is no doubt that it is almost impossible to solve the cash flow problem within three years.

There is no way, fake accounts in front of interests can also become real accounts.Hudson is also greedy for the 8000 million interest-free loan on the Principality of Moxi!
Whether it is splitting and lending to others, earning a sum of interest, or keeping it for personal use, it can play a huge role.

If no action is taken, there is not so much money in the bank account.But as a manager, you can still think of a way.

If I won't be able to use that much money for a while, I will stuff my previous loans here.

As long as the accounts are balanced and this part of the interest income is taken away, no one will know.

Relatively speaking, this is still a mild means.If you don't pay attention to eating, you can also directly write down bad debts.

Of course, this can only be thought about.With such a large-scale bad debt impairment, the Near East Development Bank was tossed into negative assets, and the shareholders had to explode.

With many forces going crazy together, Hudson doesn't have to hang out on the mainland.