＜ A box that cannot be opened. (1) >
“I will tie up the amount of silver.”
A private room in the Forbidden City in Beijing.
I made a quiet declaration in this place where the heads of large banks from all over the world gathered. Some of them participated in my operation during the previous Shanghai Panic, and a large number of directors of central banks from each country were also present.
In France, even national financial institutions such as the Paris Tax Office were dispatched to the point of dispatch.
I was nervous inside.
‘You made a big plate.’
I was called by the director of the Bank of England and flowed all the way here.
The presidents of large banks began to murmur and stare at me. Suddenly, a blue-eyed kid appeared and said that he was tying silver.
– Who is the author?
– Why not? The new chairman of the Central Bank of Japan.
– Is it a tycoon of the Japan Settlement Bank… too young for that?
– Where is the Bank of England director, and why is there such a kid here?
– Shh. JP Morgan said he was behind the scenes.
It’s not a snippet at all.
JP Morgan’s back.
He was the chairman of the Central Bank of Japan.
So, even though they are muffled, they are still listening.
I smiled.
‘So that’s better.’
“What do you mean tying silver?”
Bank of England.
The director who called me unwrapped his arms and raised his hand. I smiled.
“I know exactly what you’re worried about.”
large bank.
Bank presidents bring a truckload of smart people under their control, do the calculations, and squeeze their heads. To think they would be ignorant would be a mistake, and they were quite clever.
The bank manager himself.
“Hyperinflation.”
This novel was posted at https://noblemtl.com
Ok.
Moans filled the conference room as I spoke the forbidden language.
An Inconvenient Truth.
Like the explorers who discovered a new continent, I picked up a needle and stabbed the inconvenient truth that those who were running through a silver rush had to accept.
“The total amount of silver ingots is obviously overflowing. It’s overflowing. You must have felt when 100 million coins were found in Shanghai and Shandong alone.”
exultation and disappointment.
They felt both sensations at exactly the same time. The joy of obtaining a large amount of silver ingots. At the same time, frustration over the catastrophe that would come when this silver ingot was released on the market.
However, there are 5 billion nyang buried in Shanxi.
Their dilemma deepened, and they quickly signed a treaty, such as forgetting it and solving it later.
‘The market is collapsing.’
To be honest, even if I get hit by the hyperinflation of silver bars, there is no direct damage.
Even if the silver ingots plummet, I just lose a bit of my fortune. It’s the unearned income that came from almost $0 through currency swaps.
The big thing is that they are the ones who are expected to spend a lot of money.
However, I was the one who made the plate with the currency swap, so it would be difficult if the wrong spark ignited me.
‘In other words, this is my chance to favor central banks.’
“The frustration. The shock the market will receive when the silver bullion pours out. Are you not afraid of the crisis that will befall the safes and the great panic that will strike the continent of Europe?”
Panic comes.
This novel was posted at https://noblemtl.com
Once they aroused their fear.
There are few countries that have adopted the silver standard, but there are quite a few countries that still use silver coins. When the price of silver plummets, their silver coins are also harpooned.
I was blinded by the instant silver ingot, but I was opening my eyes that were forcibly closed.
“When the underlying asset shakes, panic begins.”
silence.
Silence fell in the conference room.
The directors of the central bank were very poorly complexed, and the chiefs of the big banks were darkening.
However, to give up the silver ingot right in front of you, the small child inside is a silver ingot! Silver ingot!
catch it catch it
Satan’s whispers continued.
“Are there any countermeasures?”
Paris IRS.
The French director raised his hand and asked a question. English is fluent I nodded.
“As I said, we are tying up the amount of silver.”
reverse the point of view
Large amounts of silver are not yet available on the market. It’s because everyone keeps digging because it’s a waste of time to write. The race was still taking place in Shanxi, and it is now an unstoppable flow.
So what about those silver bars?
“All of them are now sleeping in the vault of the Bank of Japan Settlements. We charge a 4% fee and we keep them at the Bank of Japan Settlements. The Bank of China Settlements owns 30% of the total amount of grace.”
He is asleep in the safe, unattended.
“The amount of silver ingots of the Qing Empire is beyond imagining. I believe that at least 50% of the total amount of silver in the world was mined in this case. If all 5 billion nyang are raised, we have to look more than that.”
is an oversupply.
These silver bars are released as silver continues to flow in from silver mines around the world.
A shift in perception takes place here.
“We promised to call this a monopoly.”
real monopoly.
This is a common phenomenon in the 20th and 21st centuries. If you are in the futures trading market, the market is shaken even if monopoly players with a large amount of real stuff blow their noses.
Then what will they do?
there is only one
“I propose the establishment of an international organization and open market manipulation through it.”
It was a manipulation of the market.
***
This novel was posted at https://noblemtl.com
Open market operation.
In fact, it refers to the monetary policy used by the central bank, and although it is equivalent to manipulating the exchange rate at the national level, it is a language that has been wrapped up in its own way.
Quantitative easing by sprinkling money through mints, and buying large amounts of KTBs.
If it can make a meaningful change in the market, it is an open market operation.
“Open market manipulation will be familiar to central bank directors.”
This novel was posted at https://noblemtl.com
Of course, when manipulating stock prices, it is not manipulation.
Chinese characters are different.
However, in a sense that it intervenes in the market and adjusts the exchange rate, it is also true in a sense, but if it is not, it is not.
Even if Abe frantically prints the yen with Abenomics and the national debt exceeds 300% of GDP, it is not manipulation.
…not anyway.
However, the moment the enemy of the United States manipulates the yuan, it is an unfair exchange rate manipulator.
Anyway, no.
not.
Judge, I am innocent.
“Silver is in our control.”
thrill.
At these words of mine, the central bankers felt goosebumps welling up on their forearms. I was blinded by hyperinflation and the immediate silver ingots, so I couldn’t see the big game.
The field of view was extremely narrow.
Large banks gathered here.
central banks.
If you add up all the silver bars they have, how much of the world’s silver share will they occupy?
“About 60%. The minimum. Up to 80% of the banks here hold the world’s silver.”
In fact, at this point, it is not unreasonable to implement an international silver standard system. If it accounted for 60% of the world’s silver, it is correct to say that it virtually monopolized the silver market.
What would be possible if silver was monopolized?
What can be done to extract the greatest benefit?
“What, what future do you see the Detroit Director?”
The Bank of England director raised his hand again.
His eyes gleamed with awe and interest. Like a child, as if there was even a fun nightlife in his later years.
I smiled brightly.
“First of all, I would like to establish an international organization that will control the entry and exit of silver. The cause and significance of existence are the preservation of the global silver market and the stability of silver prices and the international economy.”
A mechanism that controls the price of silver.
In a nutshell, it means establishing an international market regulatory body. It seeks to stabilize the global silver market by controlling the entry and exit of silver.
“Bank Of Silver Service. ‘BOSS’, first I named it.”
This novel was posted at https://noblemtl.com
OPEC.
This novel was posted at https://noblemtl.com
Organization of Petroleum Exporting Countries.
It is a pan-national international organization that controls oil prices in the 20th and 21st centuries by regulating oil exports.
To put it more simply.
It was these guys who caused the oil shock.
BOSS can also be viewed in this way.
Laughter erupted in the conference room at my words.
“Haha, there’s definitely no boss.”
If you have enough silver to operate the open market, you are like a boss who reigned in the real silver market.
“Yes, I’m trying to set up a central bank for the silver market. Just as the central bank’s policy controls the value of money, our BOSS controls the value of silver.”
Controls the value of silver.
‘Should I develop a little more?’
“This is the silver standard. Everyone.”
“…!!!”
Disappointment passed.
The central bankers clasped their hands. Sweat drips out of my hands.
silver standard.
right. It was nothing like the silver standard system.
The value of silver released on the market is ‘fixed’ if it is manipulated according to the BOSS policy.
The price of silver is fixed.
Like the gold standard, the silver standard can be exercised on an international basis.
“BOSS will issue bonds, backed by the total amount of silver you have.”
Silver is stored in a safe and is not released on the market.
If that is the case, the price of silver will not plummet as there is no silver available in the market.
Then, the collateral value is almost fixed.
“The credit rating of this bond will be aa+ based on real assets and BOSS’s capabilities.”
Prime grade bonds.
The highest credit rating is awarded.
“I’m sure you all know what this means.”
Rumble.
The central bankers began to tremble, unable to contain their excitement. The chair creaks and a blood sticks to the neck. My hands are sweaty and slippery.
The blood in the body cools down, and the heart beats thump-thump.
squeaky.
The director of the Bank of England slowly leaned his back on the chair.
“I mean, let’s actually issue money.”
international currency.
Bonds issued by fixing the price of silver through open market operation and using that silver as collateral.
In fact, it was said that they would print money on the silver standard.
“Crazy.”
Bank of England director’s mouth was twisted.
“it’s crazy.”
***
“That’s a monster.”
Immediately after the meeting, the director of the Paris IRS came out and murmured.
He said he was the chairman of the Central Bank of Japan, so I came here to see what kind of person he was, but that young man who looked like a newcomer was like a monster covered in iron.
The director of the Bank of England grinned.
“The day will come when you say things like that.”
“Then, is that a normal person? That’s a monster. Old man. How do you mean that you have a monopoly on silver around the world to the issuance of international currencies?”
The director of the Paris IRS turned red with excitement.
“Looking back at that, it’s a monster.”
“Cast the silver standard system in international units. If the price of silver is almost fixed like gold, it can be implemented.”
This is a bit of a difficult explanation, so you can skip it.
In other words, it was the reverse use of a currency multiplier.
A method of printing bonds with the value of silver released in the market as collateral. However, the collateral is based on unreleased silver.
If 20% of the silver released on the market and 80% of the silver that is not released on the market is equivalent to a currency multiplier of 4 times.
To put it simply.
It can act as money based on the silver standard.
“But young man, this is a more powerful tool than the existing silver standard.”
“That’s right. The total amount of money and the total amount of gold are not the same in the gold standard, but the silver standard in BOSS is the same, so even if the credit collapses, it is enough to change it to silver.”
Silver and BOSS bonds are crazy stuff that can be exchanged one-to-one. The overwhelming amount of silver makes this possible.
“aa+ grade? No. If there was a credit rating, the credit rating of this currency can be given as an S grade.”
Since it monopolizes silver, it is possible to manipulate the price.
That is, the price can be fixed.
Then, the function as money can be sufficiently performed.
“It’s a currency with silver as collateral around the world, so the amount of money that can be printed will be insanely large.”
“If the BOSS system is stable, it will be possible to draw more money by raising a currency multiplier.”
“then…..”
chin.
The steps of the Bank of England director stopped.
“The world may come in which bonds of BOSS will soon become the reserve currency.”
There are still many institutional loopholes.
There is clearly a risk of collapse all at once. The moment someone leads a warship pretending to be mad, ready to go to war, and unlocks the safe, the global silver market will collapse and panic will strike.
BOSS’s silver reserves.
It was a box that should never be opened.
“It’s a box that shouldn’t be opened. It’s like a Pandora’s box.”
“But with this we can use silver ingots without using them.”
For example, instead of 1 billion silver ingots, 1 billion silver ingots collateralized bonds can now be used.
As a result, the value of silver ingots was preserved and that much capital could be used.
How do you stop hyperinflation?
It was like a miracle.
eating.
The director of the Paris IRS smirked.
“By the way, I couldn’t even imagine physically blocking the export. To make silver vaults scattered across remote islands in the Pacific. It would take over a month just to find it.”
“Even if you want to take out silver due to the economic crisis, you can’t forcibly retrieve it for a month.”
kkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk
The director of the Paris IRS burst into laughter.
“It’s a fun idea.”
“Yeah, there’s an interesting spectacle in my later years.”
The two burst out laughing and left the meeting room.
***
Bank Of Silver Service.
Although it is a bit of a pretentious name, once all the big banks voted in favor of the establishment of an international organization for BOSS.
You only need to meet one of the following conditions to join:
– Must be an early member. (However, once you leave, it will be cancelled.)
– Must be a financial institution with the minimum deposit required by BOSS.
– Obtain the approval of a majority of member organizations.
The restrictions on silver reserves are as follows.
– You can try to take it out once a month, and only 1% of the bank’s silver reserves can be taken out at a time.
– When 20% of the total silver stock is taken out, the silver stock is cut off and a silver purchase program is implemented.
“I did a little trick.”
Even if they tried to take it out in the first place, they would have to search hundreds of thousands of safes in the Pacific Islands, so they were physically tied up for more than a month.
and.
Conditions for the long-awaited ‘executive director’ status.
– Every quarter, the top 5 institutions with the highest silver holdings hold the position of executive directors.
“If you are dissatisfied, bring more silver. If you don’t like it, you can leave.”
I’m just getting annoyed by losing some money, and you guys are bankrupt.
If you want to go out, go out.
tuk.
I threw the report on the desk.
The list of participating financial institutions was straight-forward.
Japan Settlement Bank.
China Settlement Bank.
JP Morgan.
Rothschild.
Lehman Brothers.
Goldman Sachs.
Bank of England.
Paris IRS.
Deutsche Bank.
HSBC.
Gezelshaft.
Deokhwa Railway Corporation.
Societe General.
Barclays.
Whittinger.
……
etc.
Gorgeous lineup.
A large international organization was established with the participation of large banks of the world powers.
If the heads of states all over the world sign the accreditation signature, the status of this international organization will be even higher.
“You don’t want the market to crash either.”
If the silver bullion crashes, there will be a silver shock around the world. Then it will lead to panic.
This novel was posted at https://noblemtl.com
Of course, there are many things that can be eaten in the panic, but it is right to refrain from destroying the market any longer.
I don’t want any more variables.
very annoying
“Besides, the economic experiment that can implement a new monetary model is exciting.”
If indeed BOSS bonds act as money.
If you can rise to a firm position as a key currency in the distant future, how fun would it be?
“Life is worth living.”
tuk tuk.
I pounded the cross leg with the tip of my shoe. I spent a thoughtless time.
I felt like I was spending almost a year in East Asia.
America misses
“Shall we go back to New York soon?”
The main event is over.
Russia’s deflation still remains to be seen.
with splendid achievements,
It was time to return home.
＜ A box that cannot be opened. (1) > end
