Xu Qingzhi waited for the various sect Yuanshen Lords present to read through the volumes in their hands before speaking:
"The so-called 'money bank' refers to the accumulation of money and its operation to facilitate interest-earning. Its main functions are currency exchange, saving money, lending money, etc.
Nowadays, there are some banks in this industry, but they are very small in scale and have not been of much use."
A True Lord of Yuanshen saw Xu Qingzhi stop talking and immediately asked:
"Master Wushuang, can you explain in detail the benefits of establishing a 'bank'?"
Xu Qingzhi smiled and said:
"I'm about to discuss it in detail with you fellow Taoists.
Before describing this matter, I would like to ask you fellow Taoists a question:
That is where the wealth of practitioners in this world is used?"
True Lord Jiangyun smiled and cheered:
"These are the various resources, magic weapons, Taoist books and daily necessities needed for practice."
Xu Qingzhi shook his head and said:
"Wrong, only a small part of the wealth of practitioners is used in these places, and more is hidden for emergencies."
Feng Zhaohai and many other Yuanshen Lords present here suddenly understood Xu Qingzhi’s intention from her words.
As expected, Xu Qingzhi continued:
"This sect once conducted an investigation on 10,000 people in the territory.
Among these ten thousand people, there are practitioners, including Jindan Zhenren and Xiantian monks, as well as ordinary people, including farmers, businessmen, craftsmen and other people from all walks of life.
After ten years of investigation, a conclusion was drawn.
That is, as long as they don't encounter unexpected situations, these people will only mobilize 30% of their wealth for operation.
The remaining 70% will basically be stored at home for later use.
This is true for one person, it is true for ten thousand people, and it is true for one hundred million people.
Fellow Taoists, you can imagine that if this scope is expanded to this realm, then how much wealth will always be in this situation of being squeezed out and gathering dust.
If we can put this wealth into operation, what a significant impact it can have on this world."
At this moment, all the True Lords of the Soul present here were stagnant in breathing, and were brought into some kind of imagination by Xu Qingzhi's words.
Feng Zhaohai thought calmly for a moment and suddenly asked:
"Master Wushuang, does your noble sect intend to seize the wealth of the monks in the world for your own use?"
The eyelids of Mao Yuan and some True Lord Yuanshen moved slightly, and then they glanced over.
‘Is the gap between the ‘Thirty-Three Heavens Palace of Yunxiao’ and the ‘Xiantian Yiqi Southern Sect’ so huge?
The mere words of "scheming to seize the wealth of the monks in the world" are spread, and I am afraid that Yiqi Nan Sect will be pushed against all the monks in the world!
Hehe, I really spare no effort to suppress you everywhere!'
Xu Qingzhi's eyes flashed with a dark golden light, and he looked at Feng Zhaohai coldly.
"Fellow Daoist, if your noble sect is unwilling to participate in such a thing that has great merit for heaven and earth, please leave temporarily and not send me away!"
"Ss—!"
Xu Qingzhi's unabashed words surprised everyone present.
Feng Zhaohai came here on behalf of the ‘Thirty-Three Heavens Palace of Yunxiao’, and the ‘Xiantian Yiqi Nanzong’ dared to speak to him so rudely in Laizhou.
This undoubtedly shows that the ‘Xiantian Yiqi Southern Sect’ now has the ability to compete with the ‘Thirty-Three Heavens Palace in the Sky’.
'Strange, where does Yiqi Nanzong have the confidence to go against Yunxiao Tiangong?'
Don't look at the fact that Yiqi Nan Sect now has nearly a hundred true kings and thousands of golden elixirs, but this strength is nothing in the eyes of high-ranking sects.
In particular, Yunxiao Tiangong is still a second-grade sect. It is said that because of gaining a lot of merit from fighting against the Void Zerg, one of its sects has been promoted to Tao Lord, and now there are four Tao Lords in charge.
And there are no less than three hundred True Lords of Yuanshen in his sect.
The strength of the 'Xiantian Yiqi Southern Sect' has indeed grown rapidly in recent years, but how can it compete with Yunxiao Tiangong with these.
Mao Yuan and the others had some doubts in their hearts.
At the same time, I also became interested in what Xu Qingzhi said about "Qianzhuang", not for anything else but for the four words "merit and virtue of heaven and earth".
Feng Zhaohai also didn't expect that Xu Qingzhi would scold him mercilessly, and couldn't help but get furious.
He slapped his left hand on the desk and was about to stand up. Suddenly, someone beside him reached out and held down his arm.
"Listen to her!"
Feng Zhaohai's heart trembled, he let out a 'hum', and slowly relaxed his body, not caring about it.
Sitting next to him was an ordinary-looking True Lord of the Heavenly Palace. His presence was extremely low, and many True Lords of the Soul around him always subconsciously ignored him.
But when he was noticed by many eyes, he could no longer maintain that state.
Mao Yuan and others are so astute, how can they be ordinary people who are able to silence Feng Zhaohai and are always ignored by him and others.
One by one, intentionally or unintentionally, they gradually dispersed to the side.
Takumi Daojun was also helpless, he understood Feng Zhaohai's thoughts.
Because he has a fairly good relationship with Zhang Ke, he has been ostracized a lot in the sect over the years.
Naturally, he would take the opportunity to spare no effort to suppress the "Xiantian Yiqi South Sect" in front of him, showing that he had nothing to do with the Yiqi South Sect.
This is why he spoke out so many times today.
But in this way, I was exposed who came with a hidden identity. It's really...
He didn't know what to say at the moment.
Feng Zhaohai was secretly upset. He also discovered his mistake. At this time, his thoughts were on how to recover the lost points in front of Lord Tuohai, and he no longer cared about what Xu Qingzhi said.
Xu Qingzhi's eyes swept across Tuohai Daojun's body, and then continued:
"As we all know, the overall strength of our industry is rising rapidly.
Whether it is the number of practitioners, the difficulty for practitioners to break the mirror, or the concentration of vitality between heaven and earth, they are all very different from hundreds of years ago.
This means that the power of the spiritual practice community will achieve breakthrough growth at this important juncture.
Such a once-in-a-lifetime opportunity, if our sect does not seize the opportunity to quickly improve, it will mean the stagnation and regression of the sect's strength."
Many Yuanshen True Lords present were shocked, and they paid more and more attention to Xu Qingzhi's words.
True Lord Jiangyun couldn't help but ask:
"Master Wushuang, everyone knows what you said, but what does this have to do with the 'Qianzhuang'?"
Xu Qingzhi said seriously:
"Nowadays, most of the wealth of monks in the world is hidden in secret. But if this wealth is not used and is kept hidden, what is the difference between it and nothing?
The meaning of 'bank' is to put this hidden wealth into action, thereby accelerating the improvement of the foundation of one's own realm."
Then she looked at Zhenjun Jiangyun and said:
"For example, if fellow Taoist Jiangyun has 10,000 gold talismans, apart from daily accumulation and expenses, there will always be 7,000 that will not be used.
Then, the fellow Taoist can deposit the seven thousand gold talismans into the 'bank'.
The 'Qianzhuang' will not only keep the seven thousand gold talismans for fellow Taoists for free, but will also return a portion of the talismans to fellow Taoists as interest every year according to a certain proportion.
If fellow Taoists need to use these seven thousand gold talisman money, they can also withdraw it from the 'bank' at any time.
At the same time, if fellow Taoists urgently need more talisman money, they can also apply to the 'bank' and the 'bank' will lend it as appropriate.
Of course, this also requires paying the 'bank' a certain amount of interest as a reward."
Xu Qingzhi described the role of "bank" very concisely and concisely.
Originally, she wanted to take this opportunity to ridicule Feng Zhaohai's previous words, but after looking at the ignorant practitioner next to him, she held back.
Mao Yuan asked with some confusion:
"Master Wushuang, my subordinate Mao Yuan of the Yunyan Sect is confused about something and would like to ask for advice?"
Xu Qingzhi cupped his hands and said:
"Fellow Taoist Mao, please speak!"
"I understand what Master Wushuang means. If a 'money bank' is established, the world's stagnant wealth can indeed be put to use.
However, the 'bank' keeps the wealth for practitioners and does not charge them storage fees, but instead pays interest. Isn't this a loss-making business?"
In the Azure Realm, some sects in some places have also established 'banks' to store property for practitioners.
After all, practitioners are a group that needs to travel around. When going out, they always worry about losing their belongings.
If it is stored in a 'bank', the security will naturally be greatly different.
But almost all 'banks' will charge a certain fee when storing property, and the greater the value, the higher the storage fee.
At this time, everyone couldn't help but be surprised when they heard Xu Qingzhi's completely opposite actions regarding the 'Qianzhuang'.
It is puzzling to everyone to pay interest for free storage.
Xu Qingzhi smiled slightly. When Zhang Ke told Xu Qingzhi about the 'bank', she had the same doubts.
This is a kind of "obstacle of knowledge and vision". The inherent thinking has ossified the mind. Without someone who can break the ice, it will be impossible to transform the mind.
"Let me use an analogy to explain it to fellow Taoists.
Fellow Taoist Mao is from the Southern Region. For example, Fellow Taoist discovered a benefit in our sect.
Hmm... Take the [King Xing Zhou] magical weapon as an example. A ten-person [King Xing Zhou] costs five hundred gold talismans. This price is not high, right?"
Mao Yuan shook his head and said: "Not high!"
Xu Qingzhi smiled and said:
"Very good, then, if this [King Xing Zhou] is brought back to the Southern Territory, it will be sold for 800 gold talismans. Can you sell it?"
"sure!"
Xu Qingzhi nodded.
"But fellow Taoist only has 10,000 gold talismans on him, so he can only buy twenty [Sky Boats]. If he transports them back to the Southern Territory, he can get a profit of 6,000 gold talismans, right?"
Mao Yuan vaguely grasped Xu Qingzhi's thoughts and nodded thoughtfully.
Just listen to Xu Qingzhi continue:
"If there is a 'money bank', then Taoist friends can lend 10,000 gold talismans, which means that they can buy twenty more [King Xing Zhou], which is the benefit of six thousand gold talismans.
The more you borrow, the more you earn.
So, are you willing to pay a very small amount of interest for lending?"
Mao Yuan said with certainty:
"Of course I am willing, but what does this have to do with the 'bank' paying interest to depositors?"
Xu Qingzhi smiled and shook his head and explained:
"The interest rate for those who borrow money from the 'bank' will be higher than the interest rate for those who deposit money in the 'money bank'.
For example, if you deposit 10,000 gold talismans in a 'bank', you can get an interest of 300 per year.
But if you borrow talisman money from a 'bank', you will have to pay an interest of 500 per year.
The two hundred price difference is the profit of the 'bank'. Of course, in actual situations, there will be a more rigorous algorithm.
With this explanation, do fellow Taoists understand the operating mechanism of the 'bank'?"
Mao Yuan and many other Yuanshen Lords present finally understood the key.
True Lord Jiangyun thought for a while and asked again:
"Then if the interest amount of depositors and withdrawals is greater than the interest amount of lenders, won't the 'bank' have to lose money?"
Xu Qingzhi glanced at True Lord Jiangyun appreciatively, and this was a reasonable question.
"Building a 'money bank' to earn wealth is only one of its purposes. Its real function is to put the stagnant wealth into operation and promote the development of the local area.
And this is what our sect should focus on."
Xu Qingzhi paused briefly and continued:
"Our realm is developing rapidly now, and I think all the sects here must also be under certain pressure in terms of resource operation."
True Lord Jiangyun couldn't help but rolled his eyes at Xu Qingzhi.
Asking knowingly is not the case.
With the 'Xiantian Yiqi Southern Sect' as an example, sects all over the world are spreading education among their sects.
But this is destined to be an investment that cannot see a return in the short term. In addition, the various new things and new measures that Yiqi Nanzong promotes to the outside world from time to time require massive resources to support it.
Why are some sects discovering the benefits of ‘compulsory education’ as early as two hundred years ago but still unable to make up their minds?
Isn't it because this measure requires too many resources and will affect the development of the sect?
But when they heard Xu Qingzhi's words, they already understood his true intention.
As expected, Xu Qingzhi laughed and said:
"This is why our sect invites you to join us in establishing a 'bank'.
Because we can borrow wealth from the 'bank' and use future money to develop the most important things now,"
The hearts of many True Lords of Yuanshen present were all moved, and inexplicable expressions appeared on their faces.
Xu Qingzhi saw it so clearly that he immediately poured a basin of cold water on everyone's hearts.
"Don't think about capital-free arbitrage. If a 'bank' is really established, it will definitely have an extremely rigorous operation model.
This is related to the credibility of all sects, don’t let small things cost you big things.”
Mao Yuan's face felt hot. Just now, he had many thoughts that he shouldn't have in his heart.
The representative of the ‘Tiandao Sect’ this time is Baoshu Zhenjun, a Kun cultivator.
For anything related to the merits of heaven and earth, whether it is the 'Tiandao Sect' or the 'Mingde Sect', they are the most concerned.
After thinking for a moment, Baoshu Zhenjun said:
"Master Wushuang, it is not difficult to establish a 'bank'. Your sect can complete it by yourself. Why do you need to summon us to discuss it together?"
This is what Feng Zhaohai and other True Lord Yuanshen are wondering about at this moment.
Xu Qingzhi sighed:
"Because the interests involved are too great, we can't accomplish it on our own."
Mao Yuan couldn't help but secretly look sideways. He had dared to go against the high-ranking sect before, but now he was lying down and acting small.
Xu Qingzhi laughed at himself, and then said seriously:
"Everyone must have noticed that the construction of the 'bank' is very simple, and there is no difficulty for the sects here.
Because the most critical credibility is endorsed by the sect, it can gain the trust of many practitioners.
But precisely because of this, if our sect establishes a 'bank' on our own, your sects will surely follow suit after seeing the benefits.
But if this happens, we will be in internal friction and involution, which is extremely detrimental to all our sects.
The key is..."
Xu Qingzhi took a slight breath and said:
"The most important thing is that the main circulation function of the 'bank' will be restricted."
Without waiting for anyone to speak, she continued:
"For example, what should I do if a practitioner saves money in the 'bank' established by our sect and suddenly wants to withdraw it while traveling in the 'Tiandao Sect'?
The noble sect will probably not pay his own money to the practitioners who have saved money in the sect, right?
The actual utility of the 'money bank' will be greatly reduced, because practitioners who deposit and withdraw property cannot use their own property when needed.
But if all our sects unite to do this together, this matter can be solved perfectly.
No matter where a practitioner saves money, he can withdraw his own property anywhere in this world.
And this is where the ‘bank’ should play a role.”
Baoshu Zhenjun took a deep breath.
I see!
This 'Xiantian Yiqi Nanzong' has played a big game of chess.
Don't mention it, this kind of thing really cannot go around any sect. This bank is like a net that binds sects all over the world together through interests.
If you do not participate, it means that your sect cannot provide exchange services, and practitioners will naturally subconsciously gather to other sects that can exchange money with the world.
Moreover, this was something that was beneficial to all sects in the world. She couldn't imagine any sect that wouldn't be interested.
Feng Zhaohai asked under the instruction of Master Tuohai.
"Master Wushuang, establishing a bank is a good thing that will benefit practitioners in the world, but how will your sect plan to handle this matter?"
Xu Qingzhi smiled faintly.
"This sect is only a ninth-grade sect and is not qualified to accomplish this matter.
Our sect’s suggestion is that if you only establish a ‘money bank’ in the Eastern Region, then ask the twelve top-ranking sects in the Eastern Region to organize other sects to handle this matter.
If a 'bank' is to be established in all areas of the Azure Realm, then all the sects in the world will need to participate in it."
Xu Qingzhi's words surprised everyone present.
They originally thought that Xu Qingzhi took the initiative to discuss the establishment of a "bank" because he wanted to organize and plan the matter, but they did not want him to give up the right to host the matter after putting forward the idea.
At the same time, I also gained a deeper understanding of the ‘Xiantian Yiqi Southern Sect’.
For a while, everyone was discussing in low voices how to handle the 'bank'.
After careful calculation, everyone suddenly discovered a problem.
Xu Qingzhi only stated the concept and mechanism of the "bank", but this was just a program, and he did not mention a word about how to implement it.
For example, how to ensure the authenticity and security of tickets, etc.
Obviously, these most important details are the means by which the 'Xiantian Yiqi Nanzong' wants to seek benefits in the establishment of the 'bank'.
Mao Yuan thought for a while and suddenly asked two questions.
"Master Wushuang, do you still have something to ask about the 'bank'?"
Xu Qingzhi turned his attention to Mao Yuan. Today, this True Lord of Yuanshen from the Southern Territory left a deep impression on him.
"Fellow Taoist Mao, please speak!"
Mao Yuan pondered for a moment and said:
"It is indeed a good thing to establish a 'bank', but if a high-level practitioner uses Taoism to control a low-level practitioner and makes them borrow talisman money and then silences them, wouldn't the loss be borne by the 'bank'?"
Also, if someone makes a fake, or borrows talisman money from multiple 'banks' and then disappears, how should we solve it?
Well, for example, if a practitioner borrowed talisman money but died while traveling, what should we do?
The world of spiritual practice has always been full of crises.
In addition, how to ensure the safety of practitioners who save money? Can someone obtain property from the 'bank' after obtaining other people's deposit notes?"
Mao Yuan asked a series of questions.
These questions are different from the previous overall situation questions. These are specific matters related to each practitioner.
All the True Lord Yuanshen in the building were attracted by several questions raised by Mao Yuan, and all turned their attention to Xu Qingzhi.
Xu Qingzhi couldn't help but cast his eyes on Mao Yuan, and couldn't help but look at him with admiration.
"There are some specific matters that require discussion among the sects before they can be decided.
However, we have considered some situations.
First, each monk who saves money will establish a unique account, and each bill issued is unique and will be linked through a special association circle, which can basically eliminate the problem of one person borrowing money from multiple places.
This chapter is not over yet, please click on the next page to continue reading! Second, the depositor sets a rune password that only he or she knows, and only he or she can withdraw money, but he or she can designate relevant relatives or friends to be with him or her when he or she dies.
Later inheritance.
Third, the notes will be refined with special runic paper and secret methods to ensure that they will not be easily damaged and are reliable.
The ratio will be kept strictly confidential and can be decided upon by each sect after discussion.
Fourth, safety is the most important. All 'banks' will set up separate teleportation arrays, and depositors can leave quietly through the teleportation array after depositing money.
At the same time, a certain area where the 'Qianzhuang' was established was set up as a place where fighting was strictly prohibited. With the endorsement of the sects all over the world, there must not be many people who would have the guts to deliberately cause trouble here.
Fifth, a corresponding expulsion circle can be set up in the 'money bank' to ensure that the depositor is absolutely sane.
If it is threatened or coerced, the 'bank' is obliged to handle the corresponding matters, but it needs to charge a certain fee.
Sixth, every practitioner who comes to the 'bank' to borrow money, if there is no endorsement from the sect, needs items with a corresponding premium as collateral.
In this way, even if it dies midway, its mortgaged items can offset the risks of the 'bank'.
For example, the person who mortgages the property can set a period of time, and once the set period of time is exceeded, repayment is not made.
The 'bank' has the right to conduct a public auction of the mortgaged items to make up for the risk of the property being lent by the 'bank' not being closed.
There are many more detailed rules like this, and the establishment of new things will always encounter many unexpected problems.
But these are just small things that need to be improved step by step, so I won’t describe them one by one here.”
Through Xu Qingzhi's explanation, many Yuanshen True Lords understood one thing.
The idea of 'Qianzhuang' is probably not a sudden idea of 'Xiantian Yiqi Nanzong'.
It is only now that the time is ripe to sell it out. It seems that even if a 'bank' is established, there will be a place for the 'Xiantian Yiqi Nanzong' among the key decision-makers.
Feng Zhaohai received instructions from Lord Tuohai and suddenly said:
"Just now, Master Wushuang said that he could prevent the same practitioner from borrowing property in multiple areas. I wonder what the method is?"
This question is very critical.
If the 'Xiantian Yiqi Southern Sect' can communicate information from different regions, it means that its sect has at least mastered a secret method of communicating information remotely.
For a sect, this means a strategic level.
Xu Qingzhi looked at Feng Zhaohai and smiled brightly.
"This is the second thing we need to discuss today when we invite you here.
Next, I will introduce to you fellow Taoists a special communication instrument that has just been developed by our sect."