Chapter 318 Wizard Investment Bank

There is nothing to worry about at Hogwarts. With McGonagall in charge, everything is very stable. Chen Bin doesn't need to help at all. The security is also secretly protected by Aurors. Even magical animals can't break into the castle area.

However, the "International Confederation of Wizards" is noisy like a vegetable market, and Old Dumbledore's workload is also very heavy. Every time Chen Bin came to the principal's office, he saw Grindelwald and Granny Rosier sitting beside him to correct documents for him.

Chen Bin basically has to hold at least three meetings with the three of them here every week, all based on the cold attitude of the European magic world.

European countries also generally believe that the magic world of each country should be governed by the local Ministry of Magic. The "International Confederation of Wizards" is just a communication platform. It hardly makes global decrees, and the decrees issued by each Ministry of Magic will be distorted to varying degrees.

This time, Voldemort attacked Africa and also pulled up the power of 3,000 tribal wizards. The Federation did open a case and named this force "New Death Eaters".

Everyone also expressed close attention and would provide all necessary support. In the end, there was not even a piece of bread.

The reason why the all-European united front that started two years ago was so successful was that Old Dumbledore adopted Chen Bin's blackmail method and extended it to the whole of Europe. The magic ministries of European countries obtained sky-high aid from Muggles and blocked the infiltration requirements of Muggle society. It was a result that everyone was good but only Muggles were not good.

Therefore, Dumbledore's position became more and more stable, the equipment and defense manpower of the European magic world were upgraded by several levels and there was still a surplus, the exchanges between the magic ministries became more frequent, and the atmosphere became more harmonious.

However, what is the African magic world? The European magic representatives proposed that they adopt the method proposed by Dumbledore two years ago to break the deadlock, but the African representatives said that their Muggle society was so poor that they wanted to ask for armaments and combat power from the European magic world to resolve the crisis in Africa.

Doesn't the "International Confederation of Wizards" advocate that wizards from all over the world are also one family?

Shouldn't everyone help each other?

Wasn't that devil driven out by you Europeans?

The African representative's words are reasonable, but no matter which world, it is not clear with reason. Europe just needs to hold on to its money bag.

Dumbledore was upset. He was inclined to help Europe, at least to support them with new equipment. However, he was not a fool. If he said it, he would become the enemy of the European magic world and might also mess up the current good all-European cooperation.

Support Africa with the financial resources of the British magic world? Dumbledore did not have such a big face, and this kind of support was also a drop in the bucket.

Soon, Dumbledore found Chen Bin as a think tank.

Chen Bin listened for a long time and thought it was nothing. If he was not a reborn person, he really couldn't think of a way to break the deadlock.

If there is no money, you can mortgage things, barter, and establish a wizard bank to give them loans!

Therefore, Chen Bin often locked himself in the study... two hours a day, who told him that he was lazy about making money now... and came up with a very magical economic cooperation model.

First, the wizard banks controlled by the European magic ministries united into one wizard bank and lent money to the African magic ministries to purchase necessary materials.

Then, after receiving the order, the Nama factory obtained a certain proportion of the wizard bank's dry shares according to the preferential discount signed with the European magic world, that is, the finished products were converted into capital for the shares, and the goods were supplied to the African magic world at normal prices.

Finally, the black uncle wizards came to Europe to receive advanced sergeant training and learn how to use advanced weapons to fight. The supernatural worlds in the East and the West would also send military observers to assist in tactical arrangements. This is the real free assistance.

Chen Bin's plan is very detailed. After all, he was a serious financial major in his previous life.

However, not many representatives can understand this new thing, and they also found financial professionals from various countries to popularize the financial system of Muggles.

In the end, the details of the plan were changed beyond recognition, but the overall framework did not change.

In fact, before Dumbledore received the Muggle military funds the year before last, Chen Bin had already set his sights on this fee that he could get every year without doing anything.

It's not that he is greedy for money, but he is mainly for stabilizing the prices of the magic world, that is, to curb inflation. For thousands of years, the pure-blood families in the magic world have accumulated hundreds of millions of gold galleons, but there has been almost no inflation in the magic world. The reason is that these gold coins and inherited treasures are not publicly circulated.

Wealth that is not put on the market can be regarded as non-existent. The annual food and drink of pure-bloods will not be much higher than that of ordinary wizards, and luxury goods will not be circulated among ordinary wizards.

Therefore, prices will always rise and fall slightly, and even when food prices rise, there will be wizards who use birth-inducing magic to plant or feed poultry in their own yards.

[Note: This is not an allusion to the Weasley family. This is a common self-sufficient custom in the magic world. ]

However, the huge military expenditure that fell from the sky is likely to disrupt prices, and the European magic world will not be affected at all, but is this possible?

For example, countries have more or less diverted some military spending to non-war areas, and even recruiting new Aurors has created more high-income jobs. Overall, the society has created an extra supply of money out of thin air, and these employees are not great nobles, they will use their wages to spend in the market.

If they buy more non-luxury goods, such as food, books, wands, etc., and the supply cannot catch up, the price will naturally rise. If the supply can catch up, the shopkeepers will make more money and may need more raw materials, invest in more branches or land, but the price will still rise as long as the supply cannot catch up. If the supply can still be met, the shopkeepers or workshop owners who make more money may use their wealth several times higher than the market price to buy luxury goods, inherited items or manors and other high-value items to match their own status, and then these things will also rise in price.

That is to say, since foreign property has been thrown into the magic society, inflation is inevitable, and Chen Bin must minimize this impact and cannot kill it at all.

The Muggle currency obtained by the Ministry of Magic can only be circulated in the Muggle society, so it has little impact on the magic world, as long as the exchange limit is strictly controlled.

The gold galleons supplied by the Muggle society must be kept in the bank, and each use must be certified by the financial departments of each country that it is used in the armament plan to minimize the flow into the market.