No one expected that the Ming Dynasty bonds would plummet without warning.

At the beginning, there were still people taking orders for these cheaper Daming bonds.

But news always spreads at an alarming speed. No matter how you keep it secret, the news still blows across Europe like the wind.

The telegraph accelerated the spread of news.

In just one week, the Ming Dynasty bonds, which had been rising for more than half a year, fell by half.

But even if the price drops by half, there is still a price but no market.

There were many people selling, but no one took over. The reason is very simple. The value of Da Ming Bond itself lies in its high interest rate.

But with such a high price, the interest offered by the Ming Empire is simply not worth mentioning compared to the current price.

Who would rush to do a business that is obviously a loss?

No one wants to trade at a loss!

The less anyone takes over, the crazier those holding Ming Bonds become.

They began to lower prices crazily in an attempt to sell the Ming Dynasty bonds in their hands.

And with this kind of price reduction, competition gradually began to arise.

If you drop one yuan, I will drop two yuan. If you drop two yuan, I will drop five yuan. If you dare to drop five yuan, I will drop ten yuan.

Ai Husheng did not expect that it would take him more than half a year to speculate in Daming Bonds.

But those crazy nobles in Europe actually lowered the price to twenty imperial gold marks in just half a month.

In order to stop the losses, they have done everything they can. Even if they lose four-fifths, it is still better than losing all their money.

You must know that the face value of each Ming Dynasty bond is only one Ming Dynasty silver dollar.

One Ming Dynasty silver dollar can only be exchanged for five imperial gold marks.

More importantly, as the Ming Dynasty bonds plummeted, the Rothschild family also panicked.

They frantically pressed for debt from their creditors, and many people received ultimatums. If the principal and interest could not be paid in one month, Rothschild Bank would confiscate their collateral.

That is, those manors, wineries, various real estates, jewelry and artworks including famous paintings and sculptures.

In order to protect their property, the nobles began to become unrest.

Many people began to sell off their assets, including shops, factories and various profitable businesses.

There is no other way. You can't let Rothschild Bank take away your home.

If someone finds out, where will the face go?

Zheng Sen, who was in Rome, was coldly watching the disaster spreading across Europe.

He also didn't expect that Ai Husheng's hand would be so cruel and cruel.

The Ming Dynasty used millions of troops and lost 200,000 people. It used high-end weapons including tanks and aircraft, but it failed to achieve such amazing profits for three years.

But Ai Husheng only spent one year and asked a domestic printing house to print a shipload of exquisite bonds, and he actually did it.

Damn it, what the hell is this?

However, he still followed Ai Husheng's instructions and started to get busy.

The first thing is naturally to recycle the bonds issued by the Ming Dynasty. The Ming Empire still has to pay attention to its credibility. If it issues the bonds itself, then it can buy them back.

Moreover, it still offered a price that was double the issue price.

Ten imperial gold marks per bond!

Even this price made countless European nobles shed tears of gratitude. After all, in days of shortage of money, it would be good to sell one more Imperial Gold Mark.

As for the second thing, it's a bit sinister.

Just as the collapse of Ming Dynasty bonds caused panic across the European continent, another rumor spread among all levels of European society.

The Rothschild Bank lent huge amounts of funds to the European aristocrats. Now these nobles have all lost their money, and the Rothschild Bank has naturally suffered a huge loss as well.

As the rumors spread, a large group of people slowly appeared in front of the Rothschild Bank in Berlin, London, Paris, Rome, Vienna and other places, waiting to withdraw their deposits.

On the first day of queuing to withdraw money, there were some police officers to maintain order and avoid crowd chaos.

But within a few days, police officers maintaining order also joined the queue.

The crowding trend slowly turned into a storm like the wings of an Amazon butterfly.

In large cities in Europe, countless citizens poured into the streets and went to Rothschild Bank to withdraw their money.

The war is hard enough. The little savings of each family are people's last hope and must not be lost.

Distrust of banks began to spread. At first, it was just the Rothschild bank that suffered a run.

But soon, long queues formed in front of all banks.

Because there are rumors that all banks suffered heavy losses during the Ming Dynasty bond crisis.

The only bank that did not suffer losses was probably the Ming Bank, which was secretly boycotted by European aristocrats.

After years of propaganda in newspapers, the Ming Empire has become a symbol of power.

In the eyes of Europeans, especially those in European big cities who have some knowledge, the Ming Empire is like a paradise!

There is no hunger there, and there is no bureaucracy or capital that crazily squeezes the people. Poor people can receive minimum living protection, go to school for free, and see a doctor for free.

Anyway, as long as you can think of benefits, the Ming Empire has them all.

People who had withdrawn their money from European banks transferred their money to Daming Bank.

Although, the interest rates of Daming Bank are much lower than those of European banks headed by Rothschild Family Bank.

In turbulent years, the most important thing about property is safety, not pursuing high interest rates.

A very ridiculous scene appeared, with long queues forming at the entrance of all banks.

The door of Daming Bank is full of people depositing money, while the door of other banks is full of people withdrawing money.

Seeing this scene, Rothschild almost broke his teeth.

"Damn the people of Ming Dynasty, they are the ones who spread those rumors." Old Rothschild looked at the long queue at the door of Ming Dynasty Bank opposite.

"What can we do? No matter what we say now, no one believes us.

I can last for ten days at most with this kind of run, and after ten days I won't have a penny at all." Karl, the leader of the German Hebrew conglomerate, looked at Rothschild helplessly.

In the past few days, he has invested all the reserves in the bank. At the same time, he has tried to cash in all the assets that are easily cashable.

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How can assets be liquidated so easily?

The people with the most money now are the people of Ming Dynasty, but the prices offered by people of Ming Dynasty are extremely low, which are simply insulting prices.

No one in their right mind would accept the price they offered.

The problem is, everyone needs cash.

"We cannot stop paying! The credit of the Hebrews in Europe has lasted for thousands of years and must not be lost in our hands.

Once we lose our credibility, no one will ever trust us again. And no one will ever deposit money in our bank again!

That will be the end of us Hebrews."

Old Rothschild said with a cold face!

He knew that this was the most dangerous crisis for the Hebrew consortium in thousands of years.

This crisis is fundamentally different from the past. Crises in the past often came from the royal families of various countries.

In other words, it comes from local rights!

This kind of power can destroy them, or of course it can be bribed by them. After all, if the Hebrews are destroyed, they will no longer be able to borrow money easily.

This time is very different. The root of this crisis lies in the foreign civilization-the Ming Empire.

This empire is so powerful and unstoppable.

Militarily, Europe no longer had the power to contend with the Ming Empire.

Politically, most of Europe is actually following the Ming Dynasty.

After successive political and military victories, the Ming Dynasty extended their claws to the economy.

The Ming Empire had abundant capital and powerful means that they had never encountered before.

This thing has been happening for half a month, and no one in the entire Hebrew world can even think of a way to deal with it.

Everyone is watching as the Hebrew money empire, which has been in operation for thousands of years, is collapsing step by step.

There is no way to save it!

Because what they are borrowing is the power of the entire Europe.

Those hateful civilians actually cooperated with the Ming people to wield swords against the Hebrews.
Chapter completed!