Rebirth begins with e-commerce

For the financial industry, the most effective way to smash this cake is to destroy its credit system.

People are willing to keep their money in banks because they believe that banks are the safest.

They believe that as long as the country is still there, the money in the bank will not be less.

But there are exceptions. In some special periods, people are often misled by rumors in rural areas where information is relatively closed.

When Luo Xiu was a child, rumors spread from his hometown that banks were going bankrupt, which caused panic among the people.

At the beginning, only a small number of people believed that banks would go bankrupt, and these people went to the bank to withdraw their money.

However, the rural banks did not store much cash, and this group of people instantly took out all the money from several banks in the town, which made it impossible for the people behind them to withdraw money.

This makes more people believe that banks may really have no money.

So more people flocked to the bank.

Rural banks have not had many staff members and cannot cope with so many people's centralized withdrawals, and the quality of relevant managers is not high enough.

Their approach is to shut down the door and prevent the public from withdrawing money.

At this point, the rumors of bank bankruptcy were completely confirmed.

People began to go to neighboring towns to withdraw money, and the rumors quickly spread to the surrounding areas, resulting in the withdrawal of all the cash from banks in surrounding towns.

However, compared with the whole country, false rumors in a small place can be easily extinguished.

Trucks of cash were transported through the armed police and spread across the market.

Get as much as you want, and don’t be afraid of losing money.

People took the money home, fearing that they would be stolen, so they hugged them to sleep every day.

After a while, the money was sent back one by one.

Now, people are willing to deposit money in the granary, in addition to higher interest rates, but also based on trust.

This trust was also established step by step. At the beginning, it was deposited with 10,000 yuan, and then it was deposited with 20,000 yuan until it was finally deposited with all its money.

Deposit and withdraw as soon as possible, and arrive instantly.

In this way, the trust of the people was built step by step.

Everything was going well, and more and more people saved the money and the plate became bigger and bigger.

The funds in the granary even surpass many small banks, which can be said to be more trustworthy than these small banks.

However, before everyone could celebrate, some so-called experts began to appear on the Internet, and the risk of popularizing granaries to the public.

I don’t know where a bunch of information emerged that the money that exists in the granary may not be recovered.

"You put the money in the granary, just put it in Luo Xiu's pocket."

"Have you heard of the Ponzi scheme? The granary is a typical Ponzi scheme. It has no profitability in itself, but uses the money of new investors to pay interest to old investors, making it seem very capable.

Make money so that more people can invest money in it.”

"That's right, the first person who ran away did make a profit, but people's greed will make you think that you are not the last one, and the result will be a bankruptcy."

"While he hasn't exploded yet, you can run away quickly, it will be too late."

"If this wasn't a Ponzi scheme, why would his interest rate be so much higher than that of the bank?"

...

Not all of them are trying to smash this market and spread these rumors.

Many people who have no money themselves become jealous after seeing the people around them depositing their money into the granary.

If you don’t have money, you will naturally have a thought that you can’t stand others’ good things.

So they believed from the heart that the granary was a scam, and those who believed that they would definitely lose all their money.

So the rumors began to spread on the Internet with the help of some people who are interested and the blind obedience of more ignorant people.

...

At the rice ball meeting.

Li Shan smashed a stack of materials on the table and said angrily: "Are these people fools? They actually said that our granary was a Ponzi scheme. How come we look like a Ponzi scheme?"

"That's right, there is no monthly 20% or annual profit of more than 300%. I'm so embarrassed to say it's a Ponzi scheme?"

"Think about it for a while, use your brain and you will know that this is impossible."

"We have all written clearly about the flow of funds, so don't they take a look?"

...

"Cough..." Luo Xiu interrupted them and said seriously, "Complaints cannot solve any problem. I came to you because I want to hear your solution, not your complaints."

Most users on the Internet are ordinary people, and they don’t know much about various financial knowledge.

They also don't have much time to study what monetary funds are and what Ponzi schemes are.

And even if they don’t believe these rumors so much in their hearts, what if?

What if the money really can't be returned?

Besides, although the interest rate in the granary is a little higher than that of the bank, it is not much higher, far from reaching the point where they can take risks.

The final result may be: it is better to believe that it exists than to believe that it does not exist.

People withdraw cash from the granary one after another.

"What is the ratio of cash deposits and withdrawals in the granary recently?" Luo Xiu asked.

"Since our granary was established, the amount of money deposited has been much larger than the amount of cash withdrawal, but it has been reversed since the day before yesterday, and by yesterday, the amount of money withdrawal was even twice as much as the amount of money deposited."

In the conference room, everyone heard this value and became quiet.

The thing that is most worried about is coming.

In addition to the higher interest rates than banks, the granary most attractive thing is flexible deposits and withdrawals.

If you deposit money for a fixed period or buy bonds, you can also have a good interest rate, but users need to mature before they can withdraw the money.

If you store money in the granary, it is like a survival period. You can use the money inside to shop or withdraw it directly at any time.

But this is just an illusion seen by users.

In fact, in order to obtain high interest rates from the bank, the granary will divide the money in it into several parts.

Some are deposited for one year in fixed terms, some are deposited for half a year in fixed terms, and the remaining are deposited for three months, one month...

Keep only a small amount of current savings on your account.

As long as the user does not withdraw large-scale cash, it is equivalent to enjoying the flexibility of current savings and enjoying the high interest rate of regular savings.

If a large number of users withdraw cash and withdraw all the flexible funds in the account, there will be no money to withdraw.

The money is actually safe, it is just stored in the bank and has not yet expired and cannot be taken out.

But the user only knows that his money can't be taken out.

At this time, a run will occur.

The entire credit system of the granary will also collapse due to bank runs.

Users no longer trust the granary and demand cash withdrawals.

A bank run can cause a bank to go bankrupt and even affect the entire banking industry, not to mention a small granary.

To cope with the risk of bank runs, township banks only need to escort trucks of cash from the city and sway through the market, so that the public can see with their own eyes that the bank has money.

And how should online banks like granaries deal with this risk?