"Depositors don't understand the risks, so we try to tell them." Katya crossed her arms and smiled softly, "This time the central bank is not alone, our press director, Mr. John Plitt, will also help to publicize the arbitrage phenomenon on the front pages of various newspapers across the country, and then ask His Royal Highness Roland to point out the potentially huge risks, and list the seventy-two banks that are 'playing with fire' in the newspapers to criticize them by name, and preferably invite an independent scholar like Liszt Keynes to publish an article to warn the same." By bombarding the public with the idea that the banks with high interest rates on their deposits were on the verge of death, people would rush to withdraw their deposits in those 72 banks, triggering a 'run', the most feared disaster in the banking industry, and the banks that had been run on were in danger of bankruptcy and had to bow to the central bank and beg for help. ”

"But bankers don't have to ask the central bank for help when they are about to go bankrupt, and they may just run away with the money, leaving a mess behind, who will clean up the mess?" Olome asked persistently.

Katya shrugged, "It is not excluded that there are such 'smart people', so when we announce the benchmark interest rate, we must also ask the chief officials of various towns, the police and even the military to cooperate, closely monitor the bankers involved in speculation, and arrest them immediately if they find out that the other party has an attempt to abscond, and we must not let go of a moth!" ”

"Although Katya's strategy is a little more cumbersome, a little riskier, and a little slower to work, it is still feasible on the whole, and it is in vain that I have spent a lot of effort to invite you from the North Bay to sit in charge of the central bank." Roland said with relief.

"Are you praising me or scolding me!" Katya was not satisfied with his attitude, "You are very picky about my strategy, do you have a better way?"

"Well...... Roland smiled slightly, "I really have a way, as for which one is better than yours, I will only know if I try it." ”

"Tell me, what are you going to do?" Katya had both doubts and anticipation in her eyes.

"I intend to combine this campaign to short Treasury bonds with the promotion of the Far East's new currency, 'Quintal'." Roland said confidently, "The construction of the national mint in the Karon Industrial Zone has been completed, the new stamping mint and the gold bricks for processing the new currency are also ready, and the construction can start today, and tomorrow the central bank will publish a newspaper announcing the imminent issuance of new currency, and the commercial banks under the supervision of the central bank can exchange all the old currency in their inventory into new currency, and the central bank will subsidize the cost of working hours for currency exchange, as for the seventy-two local commercial banks that do not accept the supervision of the central bank...... Unfortunately, I will make a list of them in the newspaper and announce that the central bank has no obligation to exchange old and new currencies for them. ”

"Awesome! It's amazing! Katya applauded again and again, "Or you are cunning, I forgot that the central bank still has the trump card of issuing new currencies!" ”

"This trick is indeed very unique, the seventy-two banks have no way to obtain the gold tale, and they will not be able to provide money exchange services to depositors, and the depositors are worried that in the future, the imperial duga will be abolished, and their bank deposits calculated in dugga units will be in vain, and they will inevitably rush to withdraw their deposits, go to the commercial bank window under the central bank, and exchange the gold duga into gold taler." Antron further deduces Roland's strategy.

"It's a good idea, and I understood it as soon as I heard it, it's much simpler than Miss Katya's!" Ou Luo Mei was sincerely impressed.

Katya pouted unconvinced, "It's just a trick, it's not as technical as my method, and Imperial Duga won't be invalid in a short time, people may not be in a hurry to exchange new coins......"

"Not in a hurry? Then let John Pulit find a few 'gunmen' and publish them in various tabloids that 'the exchange of old and new currencies will be completed by the end of the year', that 'all old currencies will be invalid after the deadline', and that 'they will not be allowed to enter circulation'...... How many people will be able to hold their breath then? ”

Roland's face was still smiling, but Katya, Antron, and Orome looked at him with strange eyes, as if the sunny and handsome young man standing in front of them at the moment was actually the embodiment of the devil.

"You can think of such a sinister idea, but is it really good that the exchange period is so tight? There is still more than a month to go until the end of the year, and in such a short time, let alone the completion of the currency exchange, I am afraid that it will not be possible to produce enough new coins. Katya frowned.

Roland looked at her in surprise: "Who said that the exchange of old and new gold coins must be completed before the end of the year?" ”

"Obviously that's what you said, you just said that all the Imperial Duga that expired and were not exchanged were invalidated!" Ou Luomei replied loudly, very dissatisfied with Roland's reversal of face and denial of accounting.

Roland couldn't help laughing, "That's not what I said, it's a rumor made up by tabloid reporters, not only will I not admit those rumors, but I will also personally publish the newspaper to refute the rumors, and advise the people not to believe those unfounded rumors, in fact, there is no deadline for the exchange of old and new gold coins, and the people can rest assured that they can go to the commercial banks under the central bank to exchange." ”

"Huh? How can this be, it is obvious that you yourself deliberately spread the rumor, and in the blink of an eye you have to come forward to refute the rumor in person, what is the point of doing this? "Poor Orome, completely confused by Roland's way of turning his hands into clouds and turning his hands into rain.

Katya and Antron laughed too. They understand the impact of "gossip" on the financial industry better than Ou Luomei, and they can also understand why Roland first released rumors and then came forward to refute them, to put it bluntly, he is using people's common "risk aversion" to create a run on the market.

Why do people continue to believe in unsubstantiated, hearsay, and even absurd gossip time and time again?

Roland had taken a course in "behavioral economics" at university, and in order to complete the assignments assigned by his professor, he spent a lot of spare time analyzing cases of rumors that had caused public panic, and concluded that most people were more willing to believe pessimistic rumors and were less sensitive to optimistic news.

For example, if someone is happy with a precious son, ask a fortune teller to predict the future of the newborn. If a soothsayer says, "Your son will be a rich man at the age of 20," he may be happy at the time, but he will probably not take it to heart afterwards. If, on the other hand, the soothsayer says, "Your son will die in the streets at the age of 20," the father will not only be furious at the time, but will also be obsessed with the tragic prophecy thereafter, and as the son grows older and gets closer to the age of 20, the fear of the prophecy will become deeper and deeper.

Another example is that one day the grapevine rumors that the price of salt is about to double, I am afraid that most housewives will be restless, and they have to run to the nearest store to buy a large pile of salt and hoard it to feel at ease; Conversely, if there are rumors that the price of salt is about to plummet, the reaction will be much more lukewarm.

This may be because most people are insecure and will tell themselves to "plan for the worst" when they encounter something, but few people dare to make "the best plan" because they are worried that "the greater the hope, the greater the disappointment".