A One-Dollar Deal
There is a regulation in the Federal Government that, in order to prevent Federal Government employees from committing fraud, all items that need to be auctioned are handed over to a third-party institution, such as a bank, for auction.
At the same time, the judicial authorities have the power to supervise the entire auction process to ensure that no other fraudulent activities occur.
In fact, it's not just Department of Justice that can entrust banks to auction off items; individuals can do it too.
Lin Qi couldn't handle these matters himself; he didn't have any experts or a sufficiently professional company. In other words, he couldn't accurately calculate the specific value of any of the collateral Mr. He Bosi offered. Therefore, he delegated this task to the banking department.
The bank doesn't need to auction these items; they can simply have them appraised and store the relevant documents and items in the bank's vault.
Ordinary people certainly wouldn't ask a bank to do that. Banks, which seem to be institutions that specifically serve ordinary people, actually have the utmost contempt for them.
They bow and scrape to wealthy capitalists while looking down on ordinary people; even something as basic as "time" is put up for sale by banks – VIP reception area.
The poor may have to spend an entire day waiting for the people in front of them to finish their business before it's their turn, but for the wealthy, they can receive the most comprehensive services from the bank anytime, anywhere. Lin Qi belongs to this level of VIPs.
Mr. He Bosi's people will take his properties, the ones that can be appraised, to the bank for valuation. After the valuation is completed, Lin Qi will sign a mortgage loan agreement with him, and then the Federal Government will lend him the money.
Is this a trap?
It is no exaggeration to say that even if Mr. He Bosi knew it was a trap, he would still have to jump in.
Jumping down might offer him a way out. He was betting that his methods were more sophisticated than Lin Qi's schemes. If he could clear out all 10 billion Galil now, he could at least get about 10 to 20 million Federal Sol.
This value is the result of his calculations based on selling at a lower price. In reality, the current Exchange Rate of Galil to Federal Sol is not yet at 200 to 1, so the possibility of selling spot goods at the market price to cash out is almost zero.
Given the uncertainty surrounding the Nagaril and the panic selling that has already occurred, even those who want to "buy the dip" will choose to wait until market activity is completely extinguished and the Galil is lifeless in the entire foreign exchange market before dredging Galil up from the bottom of the water along with the silt.
Now, they can only watch Galil completely collapses.
To get these people to take over, you have to be willing to go all out, which is precisely why Mr. He Bosi couldn't refuse when Lin Qi offered "10 billion".
Based on the current international Exchange Rate, this is roughly equivalent to 60 million Federal Sol. If he breaks his own legs and sells it for 20 million... or even 15 million, he can at least recoup 10 to 20 million Federal Sol.
This amount of money was enough to cover most of his deficits, and even leave a slight surplus.
Even if the total revenue from his sale is less than this amount, barely enough to cover the investors' losses, and he himself may suffer some losses, the investors' money will not change much.
As long as investors don't suffer truly huge losses, they might even feel that "Mr. He Bosi is capable of turning the tide in the face of such a situation (changing the outcome and reversing the decline through skillful means), minimizing the losses. It must be said that Mr. He Bosi's ability and qualities are amazing, and it is appropriate to continue cooperating with him."
Then people will trust him more than before and invest their money in him. As long as they have this money, there is still hope of making a comeback.
That's why he had to grit his teeth and jump in with his eyes closed, even knowing it might be a trap!
Bank appraisers will push the price down to the limit, squeezing out every last bit of value from him.
After leaving the hotel, Mr. He Bosi ' demeanor quickly changed. Gone was the weakness he had shown when he met Lin Qi; he became surprisingly strong.
Standing in front of the car, he glanced back at the hotel behind him, his gaze seemingly able to pierce through the glass reflecting the bright sunlight, fixing on Lin Qi's face.
A moment later, he got into the car and drove away quickly.
After returning to his residence, he contacted asset management companies in various regions, asking them to organize the asset certificates as soon as possible. At the same time, he asked his butler to prepare a generous gift for him, a truly generous gift, as he was going to visit the Minister of Finance.
Besides the 10 billion in Lin Qi's hands, he actually has another way out, which is his betting agreement with Lin Qi.
If he could get the Gefra to refuse Lin Qi's redemption of his bonds, those bonds would become his property, and all his losses could be recovered from them, with a slight surplus.
Before long, he appeared outside the Minister of Finance's house. After a short wait, he was led inside by the Minister of Finance's butler.
A very large house. These noble houses are at least three to five hundred years old, longer than the history of the Federal. When they were built, the area was not prosperous enough, so they could occupy as much land as possible.
As a result, for several kilometers to the left of the Imperial Palace in the entire capital, there were houses of this kind that occupied a very large area.
After waiting for about twenty minutes, Mr. He Bosi met the Minister of Finance in his study.
"I'm sorry, I just had an important phone call..." the Minister of Finance explained why he hadn't called Mr. He Bosi over immediately.
He spoke words of apology, but there was no sincerity in his tone; it was as if he had just made up an excuse, and there was even a hint of arrogance in his voice.
The Gefra have always been like this; their arrogance gradually reveals itself when they are facing other races.
"It's alright, your business is far more important than mine," Mr. He Bosi said with a fawning smile, then placed a box he was carrying on the table. "I've heard you like to collect odd and unusual things, and I happen to have a very special little thing here..."
As Mr. He Bosi opened the box in front of him, a patch of multicolored light began to shine out, and the Minister of Finance's previously calm face showed some emotion.
Seeing the Minister of Finance's expression, Mr. He Bosi felt a pang of heartache, but also a sense of relief.
"The Crown of Crane!" the Minister of Finance exclaimed. He was about to reach into the box to touch the contents when, as if remembering something, he opened the drawer, put on a thin pair of gloves, and then picked up the contents of the box.
It was a crown, the main body of which was outlined in gold and then set with a total of ninety-nine gemstones, some of which were no longer in production.
Regardless of its material value, it is also extremely valuable in terms of art, history, and culture.
In addition, there are many legends associated with it, such as curses or blessings. In addition, it rarely appears in people's sight, which also gives it a mysterious color.
In terms of price alone, its last publicly disclosed transaction price was not expensive, just over a million francs. But the problem is that nobody knows who owns it, and even if they did, they might not be willing to sell.
"It's so beautiful!" the Minister of Finance kept praising. For someone like him, money might have a slight interest, but it was hard to impress him.
Only these strange and unusual things could move him. He looked through them over and over, and Mr. He Bosi did not disturb him. After more than ten minutes, he reluctantly put the crown back into the box.
"The item is genuine. Where did you get it?" The Minister of Finance shifted his attention from the crown to Mr. He Bosi. He said, half-jokingly, "You'll have to pay me for the appraisal later. You know, I never appraise things for just anyone. You'll have to pay a high price."
This seemingly joking statement was actually a test. He knew that Mr. He Bosi' purpose in bringing this item here was not for him to "appraise" it, but the impact on what would happen later would be completely different if he asked for it versus if Mr. He Bosi gave it to him voluntarily.
By demanding it, he incurred a great debt to Mr. He Bosi, a debt he might not be able to repay in one or two visits, and he also lost the initiative.
But if Mr. He Bosi gives it to him voluntarily, the initiative changes, and he can even "choose" it.
He smiled at Mr. He Bosi, who dared not make excuses at this moment, and his face immediately broke into a smile, "It's good that it's real, but I can't afford your appraisal fee, so perhaps..."
"Why don't I give it to you? If I keep it, I'll just lock it in a safe. But if I give it to you, more people will be able to see it, and that would be an honor for it!"
The Minister of Finance's expression was animated, his face beaming with joy, "This isn't quite appropriate..."
"Perfect, perfect!" Mr. He Bosi closed the box and pushed it over.
The Minister of Finance glanced at the box, nodded slightly, and said, "Giving it away as a gift wouldn't be appropriate. If word got out, people would think it was a shady deal. How about this, you name your price, and I'll buy it..."
No matter how dissatisfied Mr. He Bosi was, he could only maintain his smile and say, "Then just give me a dollar!"
After paying with a coin, the Minister of Finance carefully put the item away before slowly asking, "I feel a little bad that you went to all this trouble..."
He looked at Mr. He Bosi, who then smiled and revealed his purpose, "Actually, there's something else I'd like to ask of you..."