Darkstone Code

Chapter 1490: Chapter 1488: Don’t Be Ungrateful—This Is a Blessing!

Regarding Lynch’s plan to acquire Lemar National Bank, the President looked incredulous, not believing this was something Lynch could achieve.

However, Lynch looked at him with confusion, "How long has it been since you’ve read the newspaper?"

"Or rather, how long has it been since you checked the exchange rate?"

He picked up a newspaper beside him and tossed it over, "As of 9 AM today, one Federation Sol can be exchanged for two hundred seventy-four Yares. Do you know what this means?"

"Previously, I needed to bring out several billion to do something, but now I might only need to bring out two billion. I don’t see anything here that I can’t achieve."

The President still bore an expression of disbelief, unable to imagine how someone could be this wealthy?

One person, about to acquire a national bank?

How could he be so wealthy?

Even though Lynch had given him enough reasons, he was still unwilling to believe this was real.

In fact, he was unaware that even if Lynch didn’t have the money, the six major banks of the Federation would be willing to lend Lynch the money for the acquisition because it’s a bank with the authority to issue currency.

And in the Federation, the authority to issue currency remains in the hands of the government, and the six major banks have tried many times to seize this authority but ultimately failed.

Having the right to issue currency means they can leverage their economic size to move a larger financial market, this is simply an irresistible temptation for banks.

If Lynch really had such plans, he might not need to spend a penny himself to buy this bank, so money is not the issue for Lynch.

His problem is that he doesn’t want others interfering with his power, after all, he is eyeing the currency issuance rights too.

So naturally, where it can be reduced, reduce it; when it comes to gathering, tightening, it’s essentially not a problem.

Actually, from the current situation, Yares has no more room to drop further, and as the negotiation process increases, Yares has even begun to recover.

The only reason Yares can’t rise right now is mainly due to people’s pessimistic views.

They think the National Bank might have issued a lot of New Coin, that its gold reserves are insufficient, plus the negotiations are not yet concluded, based on these three points, the short-term exchange rate fluctuations of Yares will not be too large, it will be quite stable.

But this cannot always suppress it, all negotiations must end as soon as possible, allowing every aspect of society to recover.

Lynch looked at the President, "All the documents are here, you should be more familiar with them than I am, perhaps you could find some issues that I haven’t discovered?"

Lynch looked at him with a gentle smile, "What do you think?"

This was not an invitation, but rather an order, and the President didn’t know what would happen if he refused, but he knew exactly what he would face if he agreed.

He was a bit nervous, after all, such a thing is a criminal act, the scant conscience inside him burned his conscience like fire.

His palms were sweaty, and he unconsciously wiped them on his trousers, "Mr. Lynch, I don’t know..."

He didn’t know many things, didn’t know if letting the National Bank fall into the hands of foreigners was a good thing, didn’t know if doing so would betray the country’s interests.

He didn’t know much, and knew little, making it difficult to make a decision.

Lynch looked at him as he hung his head, looking at his shoes.

Lynch took out a cigarette case and tossed one over, lit one himself, and as he inhaled the smoke into his lungs and exhaled it, he said, "Actually, this is a good thing for all of Lemar."

"Once the National Bank is in my hands, more capital will flow here, you will see this place becoming more prosperous."

"As long as people are willing to work, they are sure to have a bright future."

"Society prospers because of capital, because of market prosperity, and the National Bank is a guarantee, when it’s in my hands!"

"For Lemar, there are only benefits, no disadvantages."

Of course, that’s the nice way to put it, slightly less nice, less friendly is that if Lemar National Bank is acquired by Lynch, this place will become a bridgehead for capital to accelerate the exploitation and oppression of the Lemar people!

In the new era, economic colonization is actually easier for people to accept than military colonization!

Just like Nagariel!

Now who says Federation people are bad, exploiting them, coming to Nagariel to drink the blood of Nagariel people, those people would kill anyone who says that.

Have capitals exploited people there?

Yes, the same labor force, their labor cannot yield the rewards of Federation workers, is this not exploitation?

But is it only exploitation?

Clearly not!

While the capital exploits most people, it also dissolves the social structure and gives everyone a chance to rise.

Some Nagariel people have already moved into mid-high-class communities, with servants and maids, driving luxury cars, eating steaks, living the life of the elite.

This was absolutely impossible in Nagariel’s past, but now it’s happened, it’s appeared, who would dare to say that everything happening in Nagariel is bad?

When advanced capital forces conduct economic colonization over a backward society, the first thing to do is construction, you have to cultivate the market, cultivate economic and financial foundations, only in this way can you exploit and extract efficiently.

In the silence, the President sighed and asked, "Can I refuse?"

Lynch nodded, which surprised him, but Lynch’s subsequent words made him only smile bitterly.

"Of course, you can refuse, I never force anyone because I believe coerced cooperation cannot sustain a long-term relationship."

"But I must remind you, the prior Grand President is already dead, there are still many responsibilities needing someone to bear, people need a target to vent their emotions."

"That person could be you, after all, you’re still alive."

"You can choose not to consider yourself, but think of your wife, your children, your family."

"The anger of the lower people often carries a tendency to transfer blame, we will assign people to protect them, but it won’t last long, I hope you understand my meaning."

"I am not threatening you, intimidating you, I am simply informing you of what can happen, then how to act, is up to you, I will respect your choice."

Lynch spoke candidly, without hesitation, he had nothing to hide.

There was such a big problem now someone must take the blame, the former Grand President is dead, but alive and heavily involved is the President.

Does it require a decision on who to choose?

The President thought, shook his head, put on his reading glasses, "It seems I can’t refuse?"

"I always respect your choice!" Lynch shrugged.

The President seemed to have made a decision, "If I help you, what do I get in return?"

He stared intently at Lynch, having been convinced for various reasons.

Lynch thought for a moment, saying, "First of all, all this is due to the former Grand President, we will help clean the stain on you, but considering your role in these matters."

"So you will still serve time, but don’t worry, I always treat those who help me well, neither you nor your family need to worry about livelihood issues."

"About one to two years later you will be released, I will arrange another job for you in the Federation."

Lynch casually fiddled with the documents on the table, to be honest, this President’s capability was there, there were few bad debts, and the various data were handled well.

Although sometimes not so flexible, at least his main job was not poorly done.

He couldn’t manage a national-level bank, although it wasn’t a large one, but he could achieve in other areas.

A talent one can control is true talent!

Hearing Lynch’s words, the President almost wanted to laugh, he almost asked if the Grand President’s death was related to them, but upon thinking, speaking such taboo words, better not.

He began to seriously focus on the work, under Lynch’s indication, the bank’s huge loan would become bad debt, unrecoverable.

This had no direct relation to Lynch’s subsequent acquisition of the National Bank, they were two separate matters.

Quickly a bank in some trouble materialized before Lynch, right on the table, he asked after reading the modified documents, "How much do you think it’s worth now?"

The President thought, "About one billion or so."

He slashed the assets by half again!

Lynch clapped his hands, "Good, very good, next you can enjoy your vacation, of course, if you don’t mind continuing to work for me, you could try learning about Federation laws, and financial-related books."

"There, you’d have plenty of time..."

Quickly Lynch submitted the investigation results to the new Grand President, indicating that under the former Grand President’s suggestion, the President oversaw, and the bank had overissued a lot of money, while having many issues.

These issues were basically sorted out under thorough investigation, added to the fact that the National Bank was now on the verge of collapse, Lynch provided the new Grand President with a reasonable suggestion.

"I suggest letting Lemar National Bank immediately apply for bankruptcy protection, then I will personally take it over, infuse it with funds, clear bad debts, solve many issues, and reappear with a new image."

"Moreover, doing so has many advantages, for instance, when held by me, Federation evaluators’ environmental assessment for Lemar will improve, enormously enhancing Yares’ value, and Lemar’s international image!"

"I can also bring more active capital to Lemar, which will greatly help Lemar’s future development."

"This is a new era, only by banding together can we achieve common prosperity!"

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