Chapter 505: Vote with Your Feet

Looking at the huge numbers that soared rapidly, many people present felt no ripple in their hearts this time. They stared at the numbers in front of them with expressionless faces.

They waited for Carl to speak, but luckily they didn't have to wait too long before Kevin Lestrange spoke.

"In response to the current severe situation, Mr. Hohenzollern's plan is mainly divided into two steps. First, we will invest 8000 million gold galleons in cash."

"It is used to consolidate the bond market. Valuable and meaningful bonds will be acquired to avoid being completely turned into useless waste paper, while eliminating bad debts."

“Leveraged bonds that do not make any sense will be bought at a guaranteed price to avoid personal bankruptcy.”

"The entire process will take about two weeks and will require a strong team to execute, and after 14 days all contract debts will be cleared."

"We will then start the next step of the plan to clear the fixed asset debt."

As he spoke, the image in the projection switched again and returned to the new currency pattern that was displayed before.

"The total investment for this step will be more than 1 million gold Galleons, but the money will not be calculated in gold Galleons."

"It is calculated based on the new currency system. Therefore, before we start this step, we must ensure that the wizards in the British wizarding world are included."

"I believe that the new central bank of the British wizarding world has credibility, and at the same time, ordinary wizards will recognize the new currency. For this purpose, Mr. Hohenzollern has made a plan."

"We will work together to overcome difficulties through the low-rent housing plan, the basic food consumption guarantee plan, and the job guarantee plan."

As Kevin L. Strange spoke, the image in the projection switched again, and a detailed triple plan structure diagram appeared in front of everyone.

"These three plans support each other and are intended to help ordinary companies tide over the difficulties, considering the large amount of liquidity injected into the market."

"A lot of asset prices will bottom out and rebound, and ordinary wizards don't have much savings due to the crisis."

"They are even less able to redeem their properties in a short period of time, so Mr. Hohenzollern launched this plan out of humanitarian considerations."

"To help everyone tide over the difficulties, the entire plan has only one requirement, that is, all low-rent housing and subsidized goods must be settled in the new currency."

Hearing this, many senior officials present showed their joy on their faces. Although these people did not have the ability to get things done, they were very good at observing people's expressions and understanding the underlying meaning.

From the moment Kevin Lestrange first explained the $8000 million bailout plan, these people were keenly aware that this plan was not for most of them.

There are huge benefits. You should know that before the bubble burst, most of them had already acquired a large number of houses and assets through various means.

So compared to ordinary wizards who have lost their family savings, these people's troubles are more because their assets have depreciated and they cannot be sold at all.

Now with this plan, their assets will immediately become valuable again, and as the crisis is over, the economy will begin to recover.

Ordinary wizards who are on the verge of bankruptcy will gradually begin to save money and will inevitably seek to redeem or buy new houses.

By that time, the housing assets they hold will be easily converted into cash, and they can make a lot of money.

While they were delighted, these people were also keenly aware of the threat in the other party's words. After all, the other party did not provide a rescue list in black and white.

Rather, it means that all valuable bond targets, so what is valuable and who has the final say on this evaluation standard.

These old-timers in the officialdom immediately understood what he meant and immediately echoed his words.

"What a kind-hearted plan, which fully takes into account the difficulties of ordinary people. If you were not a minor, I would like to elect you as the new Minister of Magic."

"That's right, count my vote in."

"The whole plan goes perfectly. It seems you have put a lot of thought into it. Thank you."

Several people started praising Carl one after another, not even caring that the current Minister of Magic was still present.

In the face of flattery, Carl just smiled faintly and waved his hand.

"There is no need to say these things. I will never be Minister of Magic, or to put it another way, until I am able to be elected Minister of Magic."

"Maybe this position has disappeared, replaced by a stronger chief executive, don't forget about you all."

"The entire central bank plan is just a prelude. The real climax is the central government of the future magic world."

"Can I wish all future senior officers a bright future together?"

As soon as he finished speaking, there was thunderous applause. Almost all the senior officials applauded, and for a moment the entire conference hall was filled with applause.

Surrounded by this applause, whether Carl was willing to admit it or not, he was now the undisputed leader of the British Ministry of Magic.

“When will the first payment be available?”

The applause lasted for more than a minute until it was interrupted by the voice of Barty Crouch Sr. The old man did not discuss the possibility of establishing a central bank for the British wizarding world.

Instead, he began to ask when specific measures could be implemented, which actually showed that in his heart, he had already approved of this plan.

It was just because of his eccentric personality that he was unwilling to waste too much time on this formalism.

"You really value every second." Carl smiled awkwardly, then looked at everyone and said.

"The first batch of funds will be in place in a week, but the British Ministry of Magic must contribute 1000 million gold Galleons in this first batch of funds."

"This will prove your determination and ability to invest. At the same time, both parties will sign a notice on the establishment of the central bank and publish it in all media in the British wizarding world."

"In addition, the British Ministry of Magic must also undertake the preliminary preparations for the rescue plan and forcibly expel the ordinary wizards who have been entrenched in the bond market."

"And announcing a freeze on the bond market for a week gives us time to discern what assets are valuable."

Hearing this, the high-ranking officials of the Ministry of Magic, who had been so elated and excited just now, couldn't help but become hesitant again.

Paying money is easy enough, but driving out those ordinary wizards entrenched in the bond market and announcing a freeze on the entire market is also a challenge.

This problem is not so easy to solve. An improper operation may very likely become the target of public criticism, so these guys turned their attention to the old man again.

Hoping that the other party would come forward again, old Barty Crouch didn't waste any words but spoke calmly.

"I need about 10 Galleons as back pay for the Auror Corps, and a batch of additional equipment, non-lethal."