‘It’s going to be difficult… … It’s definitely possible. What if the IOU I wrote turns out to be wrong.’
“I’m grateful for your needless concern, but that’s not what you care about, so give me your talents now. It’s a busy body.”
Rockefeller went straight into the store and went to see Carter, who had the key to the safe.
It was to take the talent to give to the lord.
At this point, Carter sat quietly in his seat with an unfavorable expression on his face.
Rockefeller could roughly guess why by looking at the bundle of IOUs he was holding.
‘There were so many uncollectible bonds. Judging from the lord’s credit, that level is insignificant, but it will be enough to make you feel bad.’
In a normal case, those bonds had to go back to the lord and return as gold coins.
That too with interest.
However, from a certain moment, the lord wrote only the deed of borrowing and took only the gold coins from the store.
So Carter, who had only a piece of paper, not a gold coin, had a hardened expression on his face.
“Is that uncle over there? The Lord has come. What do you do when you ask for 100 talents?”
Carter, who had frowned at Rockefeller’s question, nodded his head.
The opponent was the owner of this estate.
Even if you don’t like it, you have to obey his request unconditionally.
‘If it wasn’t for the real lord here, I would have gone and had a blast.’
When the lord, who had borrowed 100 talents from Banco, left, Carter came to Rockefeller and started complaining.
It was a dissatisfaction with the lord.
“No, it seems like the last time he borrowed money, why is he coming and borrowing it again? Doesn’t the guy with the name of lord have no money?”
“Why are you doing this all of a sudden, Mister? It’s money. If a lord with good credit borrows a lot, it’s good for us, isn’t it?”
Carter then showed Rockefeller the bundle of the lord’s IOUs in his hand and raised his voice.
“It should be appropriate to borrow! If you don’t pay it back and only borrow it, then that’s a good thing! Rockefeller, that’s it. It’s just a piece of paper that’s useless.”
Rockefeller was very sympathetic to this.
‘right. As you said, it’s just a piece of useless paper.’
Carter took a gold coin from his pocket, showed it to Rockefeller, and continued.
“This is the real money. This is not a piece of paper.”
Rockefeller opened his mouth with a soft smile to calm him down.
“Still, as long as the lord’s credit is alive, there doesn’t seem to be any problem, right? The interest is being paid on time, and there is no risk of defaulting right away, so it is good for us to lend a lot. It’s borrowed money, so there’s no problem getting it back right away, right?”
Carter was a fairly experienced goldsmith.
So he was very well aware of the process of how a good (prime) debtor turns into a bad (sub-prime) debtor.
“It’s Rockefeller. You don’t know how bad debtors come about. Not all bad debtors were vicious bad debtors from the start. Most of them were excellent debtors who had good credit and paid interest on time like the lord who just came.”
He continued his speech with a dissatisfied expression on his face.
“But if those good debtors start not repaying their money on time, and if they sell only my credit and receive gold coins, then you will know and I will become that bad debtor who is shivering.”
Now Carter’s tip was speaking.
The lord is smelling like a subprime, bad debtor.
‘If you start delaying repaying the principal and then paying off the interest, in all probability, you will be like them. Especially the ones with more power. They’re the worst of any debtor.’
“In the future. Even if you are the lord, do not lend money recklessly. Once you have no money, you have to get rid of it. And when you start paying back the borrowed money, then lend it again. We’re not digging for business, and we can’t keep lending money to a guy who doesn’t pay back, can we?”
Rockefeller wasn’t ignorant of Carter’s concerns either, but he had a different idea.
Carter was worried about the lord’s default, but Rockefeller, on the other hand, saw it as an “opportunity” to devour him.
‘I don’t know why you are already wary of such a bonanza? If it were me, I think I would work it out properly and try it once.’
The reason Carter was fluttering and worried was that he was afraid that he would not be able to get his money back from the debtor, who was a permanent resident in the event of a problem with default in the future.
The lord was a ruler with unconditional power in this land.
How could a single goldsmith who pays taxes to such a ruler get involved?
But Rockefeller was different.
‘Didn’t you allow the IOU to be transacted with other people in the hope of getting the money you lent back in the first place?’
The IOUs written by the lord were not the only ones that could be traded here.
It was a product that could be sufficiently traded with other powerful people.
So it’s not just a piece of paper.
It was like a death trap that could steal everything from him in an instant.
‘I’ve been thinking about how to take this land for a long time, but I’m starting to draw a picture.’
It would be foolish to pay my own money to buy an intact estate.
‘Actually, there is a better way than that. It’s not even worth it, and there’s a way to hit it properly at a very low price.’
It was not because they were good that banks sometimes forced to lend money with a good face.
Behind the mask they wore was an even more evil demon, and Rockefeller knew how to use them.
‘Killing people with a knife is a primitive and rather low-level method.’
Learners just kill their opponents in a different way.
‘If you want to kill with more dignity, you have to crush it with debt.’
Let me know what you think!