God of Technology: Creating the Internet in Another World-Chapter 344: Debt for Decades

Compared to the stock market’s fervor, the bond market was actually relatively quieter.

But even so, trading quickly heated up.

The main reason was that besides those heavyweight companies issuing bonds, various nations and churches also issued government bonds and church bonds one after another. 𝙧𝙚𝙚𝔀𝒆𝓫𝓷𝙤𝓿𝒆𝙡.𝒄𝙤𝓶

People might have doubts about individual companies, but facing their own nation, facing the continent’s recognized strongest nation in the world, facing the church they believed in—many people were still willing to try.

Some churches even actively promoted within their believer communities, encouraging believers to go to Dragon Bank to get bank cards and go to the bond market to purchase bonds.

On the Magic Net, there were both the stock trading market and bond trading market, which greatly facilitated these people’s actions.

In extreme cases, you might even see church priests there teaching believers hand-by-hand how to use the Magic Net.

The number of literate people was indeed limited, but if it was just getting these people to learn how to use some Magic Net functions, that wasn’t really difficult.

Taking advantage of this opportunity, Ren had Book launch an assistive function. Basically, as long as you activated the assistive function, wherever you didn’t recognize, click there, and the Magic Net ring would make a sound telling the user what this button was, what this sentence was.

Of course, voice input functionality also passively appeared on the Magic Net at this moment, making communication between them even easier.

With all these factors stacking up, the total Magic Net users were already pushing toward 15 million people. Among them, over 12 million people had Dragon Bank accounts, nearly 3 million people had opened stock trading market accounts, 2 million people had opened both stock trading market and bond trading market accounts simultaneously, and about 4 million people had purely opened bond trading market accounts.

After opening functions, about 70% actually conducted transactions.

In other words, 12 million people had already stored their wealth in Dragon Bank, and 7 million people had started trading using the two major financial instruments.

According to financial analysis, there was a high probability that these Magic Net users’ assets had been absorbed pretty much completely.

It was even possible that the entire continent’s human citizen class had all entered this financial game.

After Nidhogg the Dragon of Despair told Viscount Roster the entire situation, he hesitated slightly: "Right now, very few people are using our paper currency. Should the World Economic News Agency do some promotion? Also, there are currently even large numbers of crazy people taking out loans to trade stocks. Should we further restrict this?"

"Just proceed step by step with the paper currency issue. As long as their money is still circulating in the stock market, bond trading market, and Dragon Bank, and they’re not trying to exchange it for gold and silver, there’s no rush. We have plenty of time to do it step by step."

After thinking briefly, Viscount Roster shook his head slightly. "As for loans to trade stocks... you guys raise their collateral requirements a bit. Default to them going bankrupt from stock trading. After you repossess their collateral, you won’t end up with too many bad debts."

"Will the stock market really be that dangerous in the future?" Nidhogg the Dragon of Despair was somewhat puzzled.

"The stock market’s future is destined to have 10% of people profiting, 70% losing. The profitable portion earns from those 70% people’s losses. And within this 10% of profitable people, there are people like us who know a lot of information, people who professionally manipulate ordinary people’s psychology, and ordinary people who got lucky."

Viscount Roster’s words made Nidhogg the Dragon of Despair freeze. "What about the remaining 20%? Neither losing nor gaining, just playing?"

"Yeah, right."

Ren nodded slightly.

"Really?!"

Nidhogg the Dragon of Despair’s voice trembled somewhat.

Viscount Roster’s first thought was that this guy probably hadn’t expected the stock market to be this kind of place, but soon he realized this guy was excited.

In fact, this guy really was excited.

Being called the Dragon of Despair, he actually naturally liked doing destruction-type things.

It’s just that after becoming an elder of the dragon race, many things required restraint.

Recently making money so easily, he thought that was already the limit. He hadn’t expected that even destruction could be done together.

His two favorite things were actually manifesting in one thing, and he just needed to sit and watch.

"But won’t this really affect your plans for magic-tech industrialization?"

After a brief silence, Nidhogg the Dragon of Despair still asked somewhat puzzled.

"There will be an impact, but the positive impact is greater than the negative impact."

Viscount Roster seemed to have thought about this question long ago and didn’t hesitate at all. "Also, there’s another matter. Do you know about the situation near the Foster Iron Mine?"

"What situation? The God of Technology’s miracle?"

Nidhogg the Dragon of Despair froze.

"No, I mean the new-style housing." Viscount Roster shook his head slightly.

"New-style housing? Haven’t looked into it." Nidhogg the Dragon of Despair was puzzled. "Is this very important? Wait, I think I have some impression. Before, your people had our Dragon Bank provide some loans to people buying houses. I think our people agreed."

During Dragon Bank’s high-speed expansion period, there were tons of loans in the hundreds of thousands to millions of gold coins. There were even several at the tens of millions level.

As the overall supervisor dragon, Nidhogg the Dragon of Despair had way too many things to be responsible for every day.

It was impossible to pay attention to everything.

Being able to have some impression of this matter was still because these people’s collateral was promoted by the Church of Technology, and they would also work at the Foster Iron Mine, a listed company.

The amount was just too small.

"This is another reservoir no less important than the stock market. It’s one of the main guarantees for your large-scale currency release in the future." Viscount Roster didn’t hesitate at all and directly stated the real estate boom he was currently planning.

In this world, the living environment for the vast majority of people wasn’t very good. Nobles’ castles were mostly dark and damp in order to have high defensive capabilities. Commoners barely had enough to eat, so naturally their living places were even worse.

The merchant class’s living places, while relatively okay, still had garbage on the streets that was extremely hard to tolerate.

What they would do next was, along with the promotion of magic-tech industry, build large numbers of new-style houses near every industrial zone, let them complete down payments at relatively low prices, have everyone sign debt lists for several decades...

"This way, wouldn’t we be able to print more paper currency? Of course, that’s assuming our paper currency actually launches by then."

Nidhogg the Dragon of Despair was somewhat surprised by Viscount Roster’s creative thinking.

"Yes, the funds you gather will serve as the driving force for magic-tech industrial development. Simply put, they’ll be the loan source for building these industrial zones." Viscount Roster quickly explained his plan.

He didn’t know if what he was doing was right or wrong.

But he knew that once this plan was implemented, the entire world would change with each passing day.