Moreover, as long as the market operates well and assets continue to appreciate, investors will not have the idea of exchanging food stamps back for real money, and there will be no risk of a run on Spo Tucang.
Takada Harano's design has indeed helped the Shiba family make a lot of money, but it also contains huge risks.
The food stamp system, which was originally functioning well, suddenly failed after the Hokuriku stock price plummeted.
The stock market crash caused investors to lose their expectations of future appreciation, and a large amount of food stamps flowed out of the stock market.
Sibo Real Estate did not have a deep enough market to accommodate these food stamps that came like a tsunami, and real estate prices were instantly wiped out.
As the two reservoirs of stocks and real estate were exploded in a short period of time, investors suddenly discovered that the food stamps in their hands were in danger of turning into waste paper at any time.
Of course, panicked investors cannot accept this result, and they must go to Spo's warehouse to exchange for their own real money.
It was impossible for Shiba Tokura to cash in all the food stamps. He used excessive issuance of food stamps to exert leverage and create high profits out of thin air. Takada Yono soon tasted the bitter taste of his own actions.
As Ozo Changan said, the key to solving the Sakai Port Rebellion lies in how to solve the run problem, but Takada Yono himself was unable to solve this problem.
In fact, the simplest solution is already stated by Dazang Changan in the first flattery sentence.
The sage occupied the shogunate and was invincible in Kinki. The powerful Shiba family really wanted to default on their debts, so they canceled the food stamps and closed the Shiba Tokura.
The minimum face value of Spo's food stamps is one stone. Those who can participate in this capital game are rich people, and there are no real barefoot poor people, so it cannot trigger large-scale famine and turmoil.
The high-level dignitaries colluded with Takada Harano, so that the Shiba family could privately exchange the food stamps in their hands and return them real money, ensuring that their income would not be lost.
As for the small businessmen and small landowners who follow the trend of investment, these weak middle class people who have families and businesses are as timid as mice, do they still dare to rebel?
As long as a few scapegoats are thrown out and killed to calm their anger, they will have to cheer the wise saints, swallow their losses with tears, and never dare to play with financial assets such as stocks, real estate, or any more.
But in this way, the matter is resolved, and the food stamp system is completely over. At least until a new generation of leeks grows up, don't expect any more fools to come out and invest in the Spo family's industry.
This result is obviously not in line with the Sage's economic strategic plan for the Sibo family.
Therefore, Dazang Changan needs to come up with a practical method to reverse the predicament of a run on Spo's earth warehouse and solve the crisis of trust in the food stamp system.
Only by keeping the food stamps so that the Sibo family can continue to use this financial tool to absorb the wealth of the island country in the future, can Tiangang Changan satisfy the saint.
Dazang Changan said in a deep voice.
“The chaos in Sakai Port that has deteriorated to this point is by no means a one-day miscalculation, but a general outbreak of years of accumulated abuses. If we are just eager to quell the chaos quickly, we will plant more hidden dangers.
I believe that instead of repairing and repairing, it is better to break down and then build up."
Yiyin looked at Dazang Changan and asked slowly.
"What's the plan?"
Dazang Changan said decisively.
"Issuing more food stamps is inevitable. Market operation requires sufficient liquidity, and the Spo family can also benefit from it.
But after a great heat, there must be a severe cold, and the proliferation of food stamps has both advantages and disadvantages. I admire Takada Yono-sama's idea of building two dams, namely stock and real estate, to prevent food stamps from impacting the fundamentals.
But obviously, she was not cautious enough, and that was why the food stamps suffered such a disaster.
I personally think that now is not the best time for you, Saint, to intervene in the chaos in Sakai Port.
The food stamp crisis has broken out and market confidence has collapsed. If we want to intervene, we must suppress it with thunderous force in a short time and restore market confidence.
There are clouds in the sky, which are vigorous at one stroke, then weaken again, and finally exhausted three times.
The run on Shiba Tokura has already occurred, the impact of Shiba Real Estate has not yet passed, and most importantly, the price of Hokurikudo Trading Company stock has not yet fallen to the most appropriate position.
Because Mr. Takada Haruno entered the market in advance, the stock price of Hokurikudo Trading Company was stabilized between 3 million guan and 4 million guan.
The allies stopped to wait and see, and the market continued to fall, which already made Takada Yono-sama's strategy of turning things around in one fell swoop ineffective.
The total annual logistics volume in Kanto and Kansai is about five million guan. Even if the new increase in Nanban trade expansion is added, it will only be 6 to 7 million guan.
The stock price is between 3 and 4 million yuan, which is very embarrassing. The stock price of Hokurikudo Trading Co., Ltd. has not yet fallen completely.
If the Saint intervenes now, not only will a larger amount of funds be needed to stabilize the market, but there will also be insufficient room for future appreciation.
Therefore, I think it is not appropriate to intervene too eagerly now, and urgent matters should be done slowly."
Yiyin narrowed his eyes.
"Spo's soil warehouse is being run on, and the entire food stamp system is heading towards collapse. If we intervene too late, will it be too late?"
Dazang Changan bowed.
"Everyone knows that there is a saint behind Mr. Takada Haruno. As long as the saint does not take action, everyone will still have a glimmer of hope for the future of the market and will not completely fall into despair."
Yiyin nodded, probably understanding what Dazang Changan meant.
Stocks are traded based on future expectations. When all the good news comes out, it may not be a big rise, but it may be a big fall.
Now the market has lost confidence in Takada Harano, but is still full of expectations and hopes for the intervention of the saint.
It's fine if Yiyin doesn't take action. Once it takes action, it must immediately cause the market to rise sharply and restore confidence, otherwise it will give the market a sense of frustration that even a saint's action will be mediocre.
Once the market loses confidence in the saint Yi Yin, then the stock will really be a piece of waste paper. The massive outflow of food stamps will instantly destroy Spo's warehouse, and the food stamp system will be hopeless.
Therefore, Yiyin needs to be calm at this time. If he does not take action, stock holders may not run away. If there is no significant effect after he takes action, stock holders will definitely run away.
As Ozo Changan said, the market value of the Hokuriku Dou Trading Road of three to four million guan is still too expensive, and the amount of funds raised is too large. There is no guarantee that it will achieve the effect of a thunderous strike, so it is better to wait.
Even if Yi Bank is influential and can attract new capital to be injected into the market and restore market confidence, it is not convenient to take over the market at a high level. The effect of intervention and future returns must be considered.
After all, the funds raised are only for profit, and there are not enough benefits for others. It will not be easy for the saint to drive others in the future.
Seeing the saint nodding slowly, apparently accepting his statement, Dazang Changan secretly rejoiced.
Her suggestion of slow intervention actually had her own selfish motives.
In fact, the bailout can be quick, and the sooner the better. There is nothing wrong with sorting out the shortcomings slowly after the situation is stabilized.
But if we do this, it will be beneficial to Takada Yoshino, but it will not be of any benefit to Dazang Changan.