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Chapter 175 The Countdown to Gringotts

Chapter 175 The Countdown to Gringotts

No matter how much you argue, the death of an Auror is a definite fact. It is impossible for goblins to bring a dead person back to life.

With the deaths of their own kind, the Wizengamot did not hesitate to quickly issue a guilty verdict.

"Goblins are completely prohibited from possessing any weapons that are considered lethal by Muggles or wizards! They are also prohibited from entering the Muggle world to conduct all transactions. Goblin assets in the Muggle world will be confiscated by the Muggle government as compensation.

The list of Gringotts practitioners must be sent to the Department for the Regulation and Control of Magical Creatures every week for review! Goblins not on the list of Gringotts practitioners are sent to Azkaban. Bobby Dick's death compensation and all Auror injury compensation

Gringotts will be responsible for it."

To be honest, this kind of punishment is very painful for the goblins, but it is within the range that they can bear.

The bombings in the Muggle world are actually internal struggles among the Muggles. Who are the goblins who provide weapons? They are just weapons manufacturers with no background.

In today's magical world, there are still some wizards who look down on ordinary people and believe that Muggles are inherently inferior to wizards. Therefore, the Wizengamot wizards present can generously throw wealth that does not belong to them to Muggles as compensation without thinking.

For goblins, they have one more weekly review and have narrowed their activity space and scope of work.

However, what worries the goblins is not the narrowing of the scope of their work, but the identification of lethal weapons. If the Aurors of the Ministry of Magic are willing, when the goblins pick up a tree branch, it can be considered a weapon with lethality.

This broad definition will give the fairies a more severe blow.

So when the goblins returned to Gringotts, they packed and sold all the equipment that could harm others, from letter openers to scissors, from fireplace tongs to repair nails.

Goblins who have been in the Muggle world said that they once heard of a man who killed three people with a pencil in a bar! If quills were not used when signing contracts, the goblins would even plan to throw away all the quills.

After spending a period of time fearfully like this, the goblins did not receive the severe blow they expected.

This made the goblins turn their attention to making money, and they lost a lot of money in the Muggle world. The greedy goblins must earn it back in the wizarding world!

The original plan to develop elixirs and stockpile medicinal materials was put back on the agenda. After losing part of their finances, the goblins' desire for assets gradually drove them crazy.

The prices of medicinal materials have been sky-high. A mandrake used as an additive costs 14 silver sikols. Let alone other medicinal materials, they are all calculated in galleons.

Dumbledore gave the house elf Dobby a salary of ten galleons a week, which was already comparable to that of ordinary wizards. Even Arthur Weasley won the grand prize of having a separate page in the Daily Prophet.

It's only seven hundred galleons, which is equivalent to Weasley's salary for a year.

The increase in the price of medicinal materials has driven up the price of other items. The current price increase across the board has made the wizarding families who were already in financial difficulties increasingly complain.

The goblins of Gringotts are still hoarding medicinal materials. They decided to stabilize the prices of existing medicinal materials and sell some of them to obtain working capital.

At this critical moment, Snape issued a statement in the Daily Prophet.

"In view of the fact that some people are constantly trying the formula for the elixir, I hereby declare that the new formula for the elixir uses magical herbs that are not from the wizarding world. The Malfoy family is also selling vacant medicine fields. If you are interested, please contact Narcissa."

This statement did not lower the price of medicinal materials, because the economic system of the wizards is a market economy. In the previous normal market economic activities, there has never been such a large-scale manipulation of the market.

But this statement made it impossible for the goblins to sell their medicinal materials!

Today's wizards all have the idea that 'it's so expensive anyway, why not buy it when it's cheaper'. Except for buying a bottle of super expensive potion when necessary, and then scolding the street lamp pendant for hoarding, no one seems to need it.

The medicinal materials are average.

Medicinal materials are agricultural products with a shelf life, and the next batch of medicinal materials is about to be released from the fields, so the goblins are going crazy...

Just like when the price of ginger and garlic skyrocketed in a certain year, driven by profit, everyone would tend to plant certain crops with high economic value, not caring what others thought the same way.

The large-scale production of certain cash crops will inevitably cause market prices to fluctuate. Now, it is time to impact the market...

The prices of various medicinal materials are no longer falling like a cliff, and the sky-high prices are not enough to describe it. The mandrake that originally cost 14 silver sikos, but now no one buys even 5 copper nuts.

Originally, no matter how high the prices of medicinal materials were, the goblins would suffer huge losses. Making the goblins lose money would be more uncomfortable than killing them.

But the Ministry of Magic's payday that followed gave Gringotts another blow...

Purchasing medicinal materials to create a high-price market cost Gringotts countless gold galleons. The subsequent price drop of medicinal materials made it impossible for Gringotts to return its original assets and form an effective capital chain.

Originally, the salary of the Ministry of Magic was handled by Gringotts, which directly paid the salaries of Ministry of Magic employees to their corresponding accounts. Except for people in need like the Weasley family, the rest of the Ministry of Magic employees basically had

Some deposits are made on the account.

But for some reason, a theory spread in the Ministry of Magic that the goblins decided to target the Aurors who had attacked them in the first place and not allow their accounts to be withdrawn.

This sounded like a rumor, which made the group of Aurors wary.

The money in your account is your wealth and life!

When the first Auror chooses to withdraw all funds and clear the treasury, other Aurors follow.

Once this trend forms in the Ministry of Magic, it will affect not just one department.

First the Department of Magical Accidents and Disasters, which was involved in the operation against Gringotts, then the Department for the Regulation and Control of Magical Creatures, and finally the entire Ministry of Magic!

In order to ensure the safety of their own accounts, the Aurors deliberately took time to investigate Gringotts and ensure that their colleagues could get cash.

This run on the Ministry of Magic completely emptied Gringotts' cash reserves.

Galleons itself is a currency minted by goblins. It is not gold itself but contains a small amount of gold.

As a general equivalent currency, the value of Galleons is not guaranteed by an anchor. Just the small amount of gold in the Galleons? Its real value is not even as good as a silver coin.

There are only two paths before Gringotts now.

One, cast the gold into Galleons and continue to exchange them for Ministry of Magic staff.

Second, close Gringotts, announce technical adjustments, and then use the funds from other accounts to trade to the Ministry of Magic employees who are running on the money.

But neither of these two roads is feasible for Gringotts.

First, Galleons have no anchor, and their value cannot be reflected in their own price. Gringotts simply does not have enough gold to make gold Galleons.

In the past, it might be possible to obtain sufficient means of production through gold trading in the Muggle market.

But now, the goblins' assets in the Muggle world have been seized, and they can't get gold at all.

Unless they can get the Philosopher's Stone and rely on alchemy to create gold. But Nico Flamel is dead!

Secondly, Gringotts' personal account is only used as a private storage room. For this reason, the user must pay a large protection fee to Gringotts. The funds in it are used as personal storage and are not at all

Account data. Once the contents are accessed, who knows if the owner has performed some magic to protect his assets.

So after these two paths failed, the goblins of Gringotts carried out a sexy operation without permission.

They minted new currency!

Currency is a general equivalent as an exchange object. If there is no recognized price and credit system, there will be no actual exchange value.

How serious is the impact of hastily issuing a new currency without an anchor? Look at the legal currency, and then look at the Zimbabwean currency with a face value of 10 to the power of 303. Even the Bank of Heaven and Earth dare not issue such a currency.

In the current Gringotts hall, the Ministry of Magic employee who came to withdraw money from his account noticed that the Galleons in his hand had changed.

"Fairy! How dare you deceive me with counterfeit money!"

The goblin who was pointed at by the wand looked at the Aurors around him who also pulled out their wands and said sarcastically: "This is the new Gold Galleons. It can buy things just like the previous ones..."

"I don't want the new one, I want the old one! Exchange it for me the old gold galleons!"

Seeing the wizard in front of him who was about to take action, the goblin reluctantly told the truth: "But...but now we only have this kind of galleons..."

The Gringotts counterfeit money scandal has completely broken out!

'Shocked! 99.9% of people don't know that there is no money in your account!'

'Shocking! Such a thing happened in Gringotts in broad daylight!'

'The goblin actually did this in front of the wizard!'

'Shocked! Men will be silent for a while, and women will cry after watching it! It is not normal to not withdraw cash!'

After the Gringotts thunderstorm, the Ministry of Magic discovered that no department could handle such a thing.

Even if we push the matter to the Department of Magical Accidents and Disasters or the Department of Mysteries, we won't be able to find a wizard who understands the reason.

Even because of this trouble, the entire Ministry of Magic searched for prophets, hoping to get an answer.

But there is no way, just like when faced with a math problem, if you can’t do it, you can’t do it. Even if a prophet can see a few words from the future, he still has to understand.

When there was nothing to do, Minister Fudge stepped forward to turn the tide. He contacted the Muggle Prime Minister and borrowed a portion of gold from the Muggle bank as a resource to make the old version of Gold Galleons.

For this reason, Fudge made the headlines of the Daily Prophet for an entire week.

‘A minister who can truly be responsible for the interests of wizards’

'A wizard who can form friendships with Muggles'

‘The most approachable magician’

Fudge's actions were hailed as a savior.

Amid much anticipation, the wizards saw for the first time a Muggle convoy transporting gold with live ammunition, stopping at the gate of Gringotts...

(End of chapter)


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