"Banks are a very realistic group of people who form a very real group, and their goal is to legally rob you of all your assets!"
Standing at the port, Lynch shared his insights and feelings with Nell, "Think about it, when your factory is rapidly developing, even if you don't need a loan to complete a phase of your development plan, the bank will come to you proactively."
"Their business managers will tell you they can get you a low-interest loan, and they'll help you make connections, offering you a more professional and grand development plan."
"If you take this money, and your company or factory develops without issues, both parties will act as if they've forgotten this matter, except for the trivial interest that's deducted from your account each month."
"But as soon as one day your profits are not as good as before, when problems arise, they will send you a lawyer's letter, telling you that you have no more choices."
"Remember one thing, Nell, if you can't handle banks and money, don't apply for a loan from the bank."
"The money the bank gives you is not to save you, but to push you just before you fall into the abyss!"
Nell was a bit confused listening to these words; he couldn't quite understand. Indeed, at the social level he was in, he couldn't touch such "high-level" things.
Subconsciously, he asked, "What if my company was not profitable from the start?"
Lynch answered with a knowing smile, "Then you wouldn't even be able to get into the bank!"
This wasn't Lynch talking nonsense or joking, it was a fact.
For example, the recent personal credit loan business that the Federation has been promoting, requires no collateral. Just with their past life information, bank statements, and current personal assets, they can get money from the bank.
Unlike in the past where something had to be mortgaged, it's no longer necessary now.
But there's a detail that's not easy for people to notice: the bank will proactively inform those with good records or even large deposits, telling them they can come to the bank anytime to get a low-interest personal credit loan that fits their status, with no collateral required, just a signature on the loan contract.
The bank's reception department even set up a telephone department to call those who meet their criteria, urging them to get this loan as soon as possible.
But for the poor people in the bank's lobby who actually need this money, their counter clerks can find a thousand ways to tell them that they do not meet the criteria for personal credit loans.
The reason for this is not so complicated: give money to those who have money, to those with security, who can generate continuous profits. Once they face economic problems, the bank can initiate a recovery plan.
They will urge payment, then sue, acquiring some things they want through third-party auction at very low prices—cars, houses, or other stuff.
These will then be liquidated through another third-party company and turned into cash, with profits shared among various intermediaries before entering the bank's vaults.
A bank lends out ten thousand dollars, generates profits ranging from ten to tens of percent, and then recovers items worth several times over, that's why they are desperate to lend money to the wealthy.
Many people may not encounter too many problems, but as long as one person has a problem, the bank strikes gold.
The larger the base, the higher the bank's profits.
But the poor?
No, sir, the poor can't pay back the money, and even if sued, it's impossible to recover the money; giving money to the poor is the greatest failing of Federation bankers and professionals!
Though those bankers have the qualified designation of bankers, at the core, they are still capitalists. The goal of capitalists is wealth, profit, high returns.
As the cruise ship approached, a sense of oppression slowly brewed. For those who had never seen such a large ocean liner, it's hard to feel the visual impact of placing a house horizontally on the sea and it can still float.
Just docking took a lot of time, and then Lynch met the person who came to greet him at the port, Mr. Jogriman.
At the same time, other people from the bank also came forward to greet Lynch proactively.
It's unavoidable, doing "business" in this area, they can't avoid Lynch. Not that Lynch has more terrifying economic power than the banks, but his influence in this country, his political influence, is greater than the banks.
This is also one of the reasons why capitalists advocate for economic primacy. When the impact of politics on society is clearly higher than wealth, capitalists will fear, because politicians can redistribute the money they have plundered from the people through various means to the populace at any time.
Only when the power of wealth is greater than that of politics, is their wealth relatively safe.
Only when a place like the Federation where elections are essentially seeking spokespeople for capitalists and capital, can capitalists and capital be absolutely safe.
Nagariel obviously couldn't achieve this point yet, in traditional backward and ignorant societies, the entanglement of politics and divine authority makes it difficult for wealth to become a force that influences society, but now these people have come, bringing eager eyes and expectations from across the ocean!
"It's a pleasure to see you all here, but it looks like you need an adaptation period..." Lynch gestured casually, and staff brought scented handkerchiefs to these bank clerics.
This made them feel a lot better, including Jogriman, who also used a handkerchief to cover his mouth and nose, complaining, "No one ever told me it would be so smelly here, it's like..."
"Like..." he frowned, not knowing how to describe it.
At this moment, someone chimed in, "Like driving with the windows down through the streets of Lower City!"
"Yes, that's exactly the feeling, it's terrible!" Jogriman immediately responded, and everyone burst into laughter.
As "upper-class people," joking about Lower City and those who live there has almost become a habit of the class they represent.
In these people's eyes, Lower City is a place of filth and corruption, and whenever something bad happens in Lower City, people think it's just as expected.
Isn't it? Just look at the kinds of people living there!
Women with skills, thieves, criminals, all the dirtiest and most despicable professionals and the poorest people live there.
Now those places are no longer called Lower City, they even have names, some of which sound nice, like King's District or something.
The joke made everyone feel good, and Jogriman curiously asked, "Mr. Lynch, don't you find it smelly here?"
"Smelly?" Lynch smiled, "A scientist once told me, the human brain has the ability to filter odors, and when you're not used to a certain smell, soon those smells have no effect on you."
"So you can't smell the stench here?" Jogriman asked with great curiosity.
Lynch nodded, "I can indeed no longer smell the stench."
"That's amazing..."
Lynch invited everyone to the Provincial Governor's Mansion as guests, and these people gladly accepted the invitation. Maintaining a good relationship with the local Provincial Governor was also one of the necessary conditions for their business development here.
As they rode in the Provincial Governor's provided vehicle, watching the police at the front of the convoy whip the citizens with batons to drive them away, gentlemen from the Civilized World inside a modified bus couldn't help but exclaim.
Too barbaric, or too inhumane, these words naturally flowed out of their mouths, but from their faces, Lynch only saw a sense of ease and a yearning for power.
Privilege has always been an effective tool to sway people, unfailingly successful.
Upon arrival at the Governor's Mansion, the Provincial Governor had already prepared a grand welcome ceremony. When these bankers known around the world walked through the long, dilapidated, rugged, garbage-filled roads and entered this palace-like building, the impact left them unable to think for a moment.
A door separated this place into two worlds.
The fragrance emitted by petals on the ground almost completely masked the stench here, a cool breeze came through, and time seemed to slow down at that moment.
Local women with various charms dressed in Nagariel traditional attire danced gracefully around, traditional instruments playing, the scent of power mingling with some incense smoke filled the air.
Inhaling deeply, one could not feel that backwardness, only the sweetness brought by supreme power.
"I find I'm beginning to like it here," a banker smiled.
After casually chatting with everyone, Lynch and Jogriman found a corner, and no one disturbed them, everyone knew what they wanted to talk about.
"I'm about to build a cement plant, requiring environmental assessment and dust control, do you have suitable candidates?"
Lynch looked at him. Jogriman, after just a slight pause, wore a smile, "You needn't bother with that, thanks to you, I'm now a bank president."
He knew that Lynch wasn't really unable to find people to do this, he could easily call Mr. Pato or Mr. Wardrick, and they would arrange everything well.
Though these things seem small, for any company engaged in related work, having such international assessment and working credentials is a huge boost for the brand image!
Lynch could have solved this himself, yet he asked him, the purpose being self-evident, this was bringing benefits.
To be honest, now Jogriman was a bit afraid to take Lynch's money, because the status between the two had undergone tremendous change.
Lynch was not much different from before, he patted Jogriman's shoulder, "I'm not a stingy person, especially to those who have helped me, this is what you deserve!"
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