Darkstone Code

Chapter 1480: Chapter 1478: Unable to Withdraw Money

The purpose of the Lemar National Bank issuing a savings interest rate announcement that is almost three times the original is to quickly absorb idle funds in society.

When people realize that the profits from industrial production are not as high as those from saving in the bank, and that saving in the bank carries no risk, a large amount of funds will flow back into the bank.

And the Grand President also knew this through the President’s description, but sometimes, knowing is more painful than not knowing!

If he didn’t know the answer, he could completely shift the responsibility onto the President, but now that he knows, he has to explain the reason to those private bank operators and their shareholders.

Why.

The savings interest of the National Bank would suddenly increase so much!

Both ends of the phone fell into silence simultaneously.

The President’s silence is a silence of despair; he already realized what was going to happen next.

It is precisely because he clearly understands this that increasing the savings interest rate is the last thing he can do for the National Bank, the President, himself, and even the country.

The Grand President’s silence is because he thinks perhaps... things aren’t as pessimistic and desperate as the President said.

He couldn’t feel that suffocating feeling, nor could he understand the fear of slowly drowning without being able to struggle; he thought the President might be exaggerating a bit.

Not only is he not alone, but there are also Peng Jieao people behind him. If things really reach an irretrievable point, he wouldn’t be without a final opportunity, and he also has a way out!

He admits that the Federation people are formidable, but he, as a Lemar person, does not lack a bit of resistance capability.

After all, this is not Nagariel!

This is... the Lemar Republic!

The abnormal changes in the Lemar Market immediately attracted the attention of international hot money. To these funds, which have only capital and no nationality or stance, they don’t care about what they do next.

They only care about whether they can benefit from this matter and how much money they can make, and that’s it.

If digging a grave for themselves can bring a lot of profit, they wouldn’t mind burying themselves—just as long as the profits of burying themselves outweigh the cost of their death, then why not do it?

People are still not clear about what exactly is going to happen here, whether it’s good or bad, but they vaguely understand something.

Because they saw Lynch!

In the international financial field, Lynch is a very famous person!

He may not be like some PhDs or professors in certain fields who have published numerous finance-related papers and laid down theories that future generations cannot avoid.

He doesn’t have many academic achievements, but no one can ignore his existence.

Because he never deals with "theoretical" stuff; he doesn’t play with academic research; he always deals with reality.

The "war" on Nagariel has firmly established Lynch’s achievements and status in this field. It was him who, using his own strength, pushed the complete elimination of Nagariel’s national currency!

He turned a country’s currency into wastepaper and then eliminated it, something other people have never even imagined!

But not only did he imagine it, but he also achieved it, which means Lynch will always be an unavoidable page in the history of world finance.

If we must list the top hundred greatest figures in the financial field in history, Lynch will always have a place.

And now, this Lynch, who personally orchestrated the "Galile Disaster," has appeared in Lemar, which recently had diplomatic friction with the Federation; even a pig would know what he wants to do!

Lemar’s negative outlook also intensifies another situation—no one wants to sell them anything!

Yares does not belong to international currency settlement, which means Yares has no value in international circulation and exchange.

No bank will take on these things, and now the Lemar National Bank and various banks are short of cash, which means if they want to use Yares as currency to buy products from the international market, the sellers will often refuse.

They will require Lemar’s merchants to pay with more mainstream settlement currencies, such as Federation Sol, otherwise, they will bear great risks.

No one wishes for their recuperated currencies to continuously plunge and even become wastepaper.

Even if the Lemar National Bank raises interest rates, it cannot change this situation.

About a week has passed, the National Bank’s reserves seem to have increased significantly, already surpassing fifteen percent, basically satisfying daily normal use.

But the President is not a bit happy; in this past week, he has borne enormous pressure.

From the operators of private banks and their behind-the-scenes forces, those people have even issued death threats, demanding he lower rates quickly.

A run wave against these small banks is brewing, and it might explode at any given time.

But in the face of such a situation, apart from remaining silent and playing dead, the President has no way to cope!

In fact, not only is the President anxious, but Kent, who has been idle for ten days, is also anxious; he found he couldn’t withdraw the money he had placed in the bank near his home.

Originally, he could have saved it in the National Bank, but considering the proximity of the bank to his home and the higher savings interest rate, he deposited it there.

Now he has no money on hand and wants to withdraw some savings, but the bank he saved in tells him he can’t withdraw right now.

"Sorry, Mr. Kent, from what I see here, there seems to be an issue with your signature..."

The teller is a lady in her fifties, a bit overweight; she pointed to Mr. Kent’s signature on the application form, using the pen’s tip to indicate a particular spot, "This signature differs somewhat from the one you left in the bank..."

Kent frowned, "And how does that matter?"

The overweight lady smiled, "Your signature and the one you left have discrepancies in characteristics, so we cannot confirm that you are indeed the account holder."

"According to the bank’s regulations, we will notify the account holder to confirm that this account’s information hasn’t been lost and that your signature matches the one left; only then can we let you withdraw money from here!"

The overweight lady said a bunch of things; the core message was that he couldn’t withdraw this amount of money today.

But Kent didn’t quite understand; his voice got a bit louder, "Damn it, the information on this account is of me; I’m sitting right here; what else needs to be proven?"

The overweight lady, facing Kent’s suddenly raised voice, still maintained her smile, "Sorry, Mr. Kent, our method of confirming the account holder is through the certificate information you’ve provided and..."

She hadn’t finished speaking when Kent took out his certificates and interjected, "And what?"

The overweight lady looked at those certificates, recalling if she had seen this person before; otherwise, how would he know to bring certificates along?

However, her expression didn’t change much, "...and confirming the phone information you’ve reserved. We will dial this number as you reserved, and if you’re Mr. Kent, after confirming the call with us, you can withdraw the money from the account."

Saying this, the overweight lady picked up the receiver and dialed the number, but soon she shook her head, "Sorry, no one answered, so I can’t confirm you’re Mr. Kent. These certificates only prove part of it, not the whole."

Kent was stunned at the lady’s operation; damn it, he’s right there at the bank counter; how could he possibly be home to answer the phone?

If he were home answering the phone, how could he come to withdraw the money?

His voice rose again, "I never encountered such a situation in my previous withdrawals; I want to see your manager, and I want to file a complaint against you!"

The overweight lady seemed unconcerned; she pointed to a form, "Of course, Mr. Kent, that’s your right."

"Please fill out that complaint form aside, and after signing it, give it to me, and I’ll forward it to the duty manager..."

Kent slapped the table, took a form, quickly filled it out, but the overweight lady made him queue up again.

He instantly fell into a state of extreme frenzy, breathing heavily, glaring fiercely at the overweight lady.

The overweight lady wasn’t scared Kent might hurt her, instead still smiling nonchalantly.

It was only after he headed towards the end of the line that she shifted her gaze to the next person, continuing her professional smile.

"...Madam, you are not the account holder, correct?"

"Yes, she is waiting at home for your call..."

It seems this account holder also experienced what Kent went through, so to solve this loop wholly, the account holder directly waited at home for the call.

However, they underestimated the bank’s brazenness; the overweight lady regretfully returned the withdrawal form, "Sorry, the bank now requires withdrawals to be made in person."

"Next..."

The re-queuing Kent, standing angrily at the end of the line, along with others waiting, didn’t seem too anxious.

Among them, someone talked about these few days’ withdrawal issues; in short, no matter what they did, they couldn’t withdraw money.

And this complaint seemed to resonate widely, as soon, those before and behind started agreeing; more and more people realized that it wasn’t just their personal issue but a common phenomenon!

This realization spread fear and suspicion about whether the bank was out of money and why they couldn’t fulfill their deposits.

Once ignited, this terrible thought could not be extinguished.

These people tortured by the bank for days finally understood the true reason behind the situation.

They couldn’t withdraw not because of signature issues, nor for not answering the phone in person, nor for the account holder not coming to withdraw.

But because... they couldn’t withdraw!

In an instant, within less than ten minutes, residents nearby rushed over, all demanding to withdraw money...

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