Since receiving support from Haiya Bank, the Qingning Chamber of Commerce's cash flow has greatly improved.
Youdao is reluctant to let his children catch the wolf. Now is obviously not the time to save money. If he accidentally misses the mark on the battlefield outside the territory, no matter how much money he has, it will be meaningless.
When they came to Yunlai City this time, Yang Lu and Li Qingning brought a total of two million spirit stone coins, just to purchase materials for the extraterritorial battlefield trials and increase the winning chips in the extraterritorial battlefields. This is the profitability of the Qingning Chamber of Commerce today.
It is already considered the best in Kyushu, and such a huge amount of Lingshi coins in cash is equivalent to the profits of the Qingning Chamber of Commerce for many years.
So Yang Lu now has no shortage of cash on hand.
Although the furnace cauldron worth 300,000 spirit stone coins was extremely expensive, he could really afford this huge sum of money.
This is the power of credit!
Today, Yang Lu is increasingly certain that there must be a huge financial hole behind the Haiya System.
This is not because he suddenly discovered that the moral bottom line of the Haiya Department is very low. Morality is bound to ordinary people. For a large chaebol like the Haiya Department, only profit is the only consideration. If maintaining the moral bottom line is beneficial to him
, the Haiya Clan is a model of morality. If maintaining the moral bottom line is not good for oneself, it is normal for the Haiya Clan to abduct and traffic in female cultivators.
From the very beginning, Yang Lu never felt that the capitalists of the Haiya group had any moral standards at all.
He made this judgment entirely from the perspective of human nature.
Borrowing money is a business that puts profits first and risks later. This disadvantage is even more obvious in the Kyushu cultivation world where strength is king.
Just like Yang Lu and Li Qingning are willing to prepare for foreign battlefields at all costs, and are even willing to overdraw the income of the Qingning Chamber of Commerce for several years in the future, for cultivators from various sects, how many cultivation resources they have in their hands almost determines their future ability
How many achievements you have achieved, how many years of life you have gained, and whether you can successfully survive various battles.
Therefore, cultivators are born with a strong desire to overdraw.
It is precisely because of this that after President Lu Yang initially established the cultivation credit system through the Lingshi Reserve Bank, the entire Kyushu economy automatically ushered in the economic glory called "Lu Yang Prosperity" without the need for more top-level design.
It has been more than three hundred years since President Lu left the world of cultivation, but his reputation is still at its peak. One of the important reasons is that his main political legacy, "Lu Yang Prosperity", and the so-called Wuliang Sword Sect born during the third Lingshi Financial Crisis
The "golden generation" is actually a by-product of the prosperity of Lu and Yang.
Today, even the most unresponsive cultivators have realized that the new generation of cultivators born in the past five hundred years, even if the three ascended immortals are eliminated, their cultivation speed far exceeds that of the previous cultivators.
senior:
Tian Daxiao, the head of Huoyun State, has cultivated from the fourth level of foundation building to the first level of Yuanying in five hundred years; Tong Xingu, the supreme elder of Zijin Pavilion, has cultivated from Qi Refining Dzogchen to the second level of Yuanying in five hundred years; Li Qingyang has relied on his superiority to
Pinlinggen has been practicing from the fourth level of Qi Refining to the early stage of Jindan; Ye Wan, the head of Shenxiao Sect, has been promoted from the Great Perfection of Qi Refining to the fourth level of Nascent Soul in five hundred years...
This kind of cultivation level of the new generation in the world of cultivation was simply unimaginable in the Kyushu world of cultivation in the past.
You must know that Lin Jianxing, the current leader of the Wuliang Sword Sect, is already considered the most talented cultivator in the entire Kyushu in the "pre-Luyang Era". However, it still took him more than five hundred years to cultivate from the Qi Refining Stage to the Nascent Soul Stage.
, that is to say, Lin Jianxing’s cultivation speed today is not even up to the average level of the new generation of Nascent Soul Stage monks!
At first, Yang Lu didn't understand why the new generation of monks in Kyushu were so violent, but now he has some understanding. Behind the so-called "Luyang prosperity" is actually the overdraft consumption caused by the establishment of Kyushu's credit system, which led to the overheating of Kyushu's economy.
, the cultivation resources that cultivators have enjoyed in the past five hundred years are far more abundant than before.
During the "Luyang Prosperity", even ordinary mortals benefited from credit spillovers. The living standards of ordinary mortals were greatly improved compared to before the third Lingshi Financial Crisis. This also made it easier for cultivators to drive mortals to do things.
However, the economic prosperity brought about by overdrafts is clearly unsustainable.
The economic downturn generally felt by cultivators in recent years is the sequelae of excessive overdraft in the future.
Although the Lingshi Reserve Bank has long recognized the potential risks of overdrafts and has implemented very strict supervision on the issuance of cultivation credit, overdrafts take full advantage of human weakness and separate the benefits of borrowing money from the pain of repaying money.
It turned out that the seniors of the sect who borrowed the money enjoyed the benefits of borrowing the money, but the consequences of repaying the money could be borne by the juniors of the sect who did not know how many generations later. It was obviously a game of unequal power and responsibility.
Under such circumstances, no one can resist the fatal temptation of treating the bank as a cash machine and overdrafting future income without limit, and it is difficult to simply restrict it through laws and regulations. The Haiya Bank led by Su Yuanfeng has already found the solution
Bypassing the policy loopholes in the compliance supervision of the Cultivation Financial Supervisory Commission. Obviously, this kind of loophole cannot be solved directly by plugging it.
You know, if you want banks to avoid excessive credit expansion and reduce the bad debt rate of the credit system, the simplest way is to ask for an increase in the mortgage rate. However, the judgment of the value of the collateral itself involves the most complex valuation issue.
The valuation issue has always been the biggest mystery in the capital market.
It's like a mortgage on Earth.
If house prices continue to rise, bank loans will inevitably be rock solid. If the debtor cannot pay back the money, the bad debts can be wiped out by foreclosure of the mortgaged house. However, if house prices plummet by 90%, it will be useless no matter how much the bank increases the mortgage rate, unless you
Don't lend money at all, otherwise no matter how high your mortgage rate is, you will end up with a pile of unreliable steel and concrete on your hands.
Is it possible that house prices will fall by 90%?
Totally possible!
Because many houses in remote third- and fourth-tier cities are actually negative cash flow assets. Not only do they not bring cash flow income to the holders (they cannot rent them out), but they also incur additional expenses such as property fees, heating fees, and maintenance fees.
.
The value of this negative cash flow asset depends entirely on the specific transaction behavior.
If the market trading behavior is exciting, this asset can rise indefinitely. If the market trading behavior is pessimistic, this asset will inevitably plummet without a bottom line, and it cannot be valued according to the return on investment method.
Nowadays, the fixed assets under the names of major chambers of commerce are very much like real estate on the earth.
Major chambers of commerce have large-scale and difficult-to-realize assets, but it is difficult to generate a rate of return. Just like the Luanshicheng Xuantie Mine acquired by Li Qingning, although it has been struggling at the break-even line for a long time, Guyun has been struggling for thousands of years.
Zong's total investment in fixed assets in this mine may not even amount to hundreds of millions of spiritual stone coins.
Despite this, when Li Qingning came to buy it with more than three million spirit stone coins, the Guyun Sect immediately sold the Black Iron Mine without saying a word. Many people even thought that Li Qingning was taken advantage of.
So the question becomes, how much is this black iron mine worth?
Is it valued at 100 million spirit stone coins based on cost?
Or is it worth more than three million at market price?
If the Guyun Sect puts it in the bank for mortgage, they will definitely claim that it is worth 100 million. After all, the scale of the Xuantie Mine is indeed very large. It is difficult for you to refute the Guyun Sect's statement, but you want to really turn it into a reality.
When I bought the stone coins, I found that it was an out-and-out garbage mountain, and no one was willing to pay to pick it up.