The World Economic News Agency’s apparent ability to guide public opinion was very strong—pretty much recognized by everyone as world number one.
But was that all?
Obviously not.
Don’t forget, their predecessor was the Public Opinion Squad.
Specialists in internet trolling.
Even now, they had two systems.
One handled guidance on the surface, one handled stirring things up in the shadows.
At Viscount Roster’s command, News Bird gan went all out.
The most direct result was that the mont the market opened the next day, Wool Guild stock faced an unprecedented crash.
In less than five minutes, it dropped straight to 6 gold coins.
However, this seed to really be just the beginning.
In the ti that followed, the price kept crashing.
Pretty much the entire Magic Net was shocked by this scene.
Gray Fort Empire.
Inside a church.
The Popes were dumbfounded.
Looking at this scene, their lips trembled slightly, but they couldn’t speak.
Originally they’d been planning to use this opportunity to carve up as much of the Wool Guild as possible and influence the Pastoral Church as much as possible. But now, look at this—the money they’d invested seed about to be buried.
"It dropped so much!"
After who knows how long, an elderly-looking Pope sighed: "Yesterday our average purchase price was about 8.8 gold coins. These past few days, our average price for buying Wool Guild stock was about 7.63 gold coins per share."
"Currently we’re holding 1.3 million shares and have already lost 2.5 million gold coins. It looks like the crash is continuing. Should we sell?"
Hearing the data he reported, the other Popes’ faces looked even worse.
Not a single person questioned the results this Pope calculated, because the deity he believed in held authority over mathematics. There was no way he could calculate wrong.
According to this calculation, didn’t that an in just a few minutes, the Wool Guild directly evaporated nearly 5 million gold coins? At this rate continuing, wouldn’t it easily lose 6 or 7 million gold coins!
When had this world beco this crazy?
These Popes from various churches—standing above countless people, positioned between human rights and divine rights, holding extraordinary power—right now just felt like the world had beco sothing they no longer recognized.
Even the strongest duke of the Gray Fort Empire—his territory couldn’t produce this many gold coins in a year, right?
When these stocks were skyrocketing before, they hadn’t felt it. But with this sudden drop, looking back sharply, they suddenly woke up.
"If you ask , we should just hold, not sell. Not selling ans not losing. I don’t believe it won’t go back up. No wait, we should keep buying. If we buy in now, our average cost per share becos 7 gold coins, 6 gold coins. Then as long as it goes up a little we’ll break even!"
"Still buying? They only have 2 million shares total, and how many do we already hold? If we keep buying, it’ll all be ours."
"So what if it’s all ours? At worst we just go to the Wool Guild. Their guild makes millions of gold coins every year. At worst we just split more money."
"The problem is, have you thought about how much wealth these gold coins could create in our hands? The funds we control are already limited. We must cash out!"
The Popes—as the highest authority of a church, as so deities’ representatives in the mortal realm—right now were arguing loudly in this office.
Not looking like Popes at all.
The Wool Guild stock’s crash wasn’t an isolated case.
Following the Wool Guild stock crash, other companies’ stock prices also started crashing. Except for those first few giant companies, all other companies’ stock prices were crashing.
A panicked emotion began spreading through the market.
Many people didn’t even have ti to react before discovering that the savings they’d earned over recent years had suddenly dropped by half, dropped by two-thirds.
In Magic Space and Magic Net Video, wailing sounds were everywhere.
"Too terrifying!"
"Originally just wanted to make so pocket money, but now my nest egg is gone!"
"In just two days, I went from small gains to deep in debt."
"Borrowed 100 gold coins to trade stocks. At the peak I had 1,200 gold coins. Now I only have 35 gold coins left. What do I do?"
"Suggest finding so deep water."
"The dragons kept saying stocks have risks, and I didn’t believe it. Now I really believe it."
"Suddenly realized that depositing money in the bank is actually pretty good. At least it won’t mysteriously disappear, and if you deposit more, you get a little interest."
"Speaking of which, yesterday I think I saw online that Viscount Roster released Southern Developnt bonds. The interest is a bit higher than the bank, and the risk doesn’t seem very big. Why don’t we just put all our money there!"
"What are bonds? Will there still be risk?"
"The dragons say it’s dium risk, won’t have stock price fluctuations this big. Profits will be a bit higher than Dragon Bank deposits. Basically you take an IOU and lend money to those big companies. Like, if you buy Viscount Roster’s Southern Developnt bonds, then when they mature, the Southern Developnt Company needs to give us the money plus interest. Of course, we can also sell the bonds."
"By the way, what if they don’t pay? Wouldn’t we lose everything?"
"Who dares not pay the dragons’ money? The dragons are the kind of existence that’ll beat the crap out of even elental beings!"
"True. If soone doesn’t play by the trading market’s rules, the dragons will definitely help us get justice. Unless the company that borrowed money is already dead. Actually, the risk is that the company’s dead, the boss is dead, and after selling the collateral, there’s not enough to pay us back."
The bond market that originally nobody cared about gradually appeared in people’s field of vision under the World Economic News Agency’s guidance.
Having seen the stock market’s prosperity, felt the stock market’s despair, and looking once again at the 8% annual interest they’d once disdained—that feeling was completely different.
They also gradually understood what high risk, dium risk, and low risk ant.
High risk was like the stock market—your money could mysteriously disappear.
dium risk was like bonds—you’d lose money when the debtor died and the collateral wasn’t enough to cover the debt. But if you lent to a country or a large company, this probability seed extrely, extrely small.
And low risk was the bank. Unless Dragon Bank went bankrupt, otherwise their money was definitely there, and naturally what they earned was the least.
Everyone could choose the most suitable financial managent thod based on the risk they could bear.
After a series of deliberation, the Dawn Southern Developnt Company’s bonds gradually began selling.
Viscount Roster looked at this scene with a satisfied smile on his face: "Things are going more smoothly than expected. Next is credit currency gradually replacing precious tals. Finally, the financial prerequisites for the great developnt of the industrial age are about to be completed!"
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