On August 27, there are still twenty days left before September coal futures, and the crazy rising coal prices have become the last straw that can crush all traders' remaining rationality.

At 10:00 a.m. on August 27, the transaction price of coal futures in September had risen to an incredible 240 pence per pound, equivalent to one gold pound and one pound of coal. On that day, the spot price rose to two hundred pence per pound.

This is no longer a "expensive" issue, but an outrageous. There may be many outrageous things in human history. The price of a pound of coal soared to a gold pound, which will definitely rank in the top ten in the "ranking of all outrageous things that have happened" in human history.

The salaries of people working and living in Olin have not changed at all, and their income for a month is only enough to buy a pound of coal. Such a magical reality has had very serious consequences in an instant.

In order to cope with the shutdown of excavation machines caused by the shutdown of the Russel Gear Factory, all mines have increased their recruitment of miners. But... the miners are not stupid either, their efforts are completely disproportionate to their own labor income.

The coal mines and these miners did not establish any labor contracts, nor did they have the relationship of "issuing weekly wages to hire the other party to work". In the empire, all coal miners were paid according to the excavation time of the mine. When working for an hour under the mine, the miners could get 5p.

As for those who hold fixed salaries and operate machines to mine coal in the mines, they are technicians - they are not the same as miners.

According to the current coal price, after working for 40 hours and digging about 2,000 pounds of coal, the rewards they receive can only buy one pound of coal.

In the face of such an outrageous price and meager income, fools choose to buy coal with their own salary. In order to allow their families to at least have the ability to make fires and cook, miners began to steal the excavated coal mines. Since the mines did not consider preventing miners from being entrained since the beginning of the design, major coal mines suffered "huge losses".

The weight of a miner can actually carry is very limited. After "theft and entrained" the coal mine, in order to send these "high-value" minerals back to their homes as soon as possible, miners even choose to shorten their working hours. It doesn't matter if they hide enough coal they can take away. They will quickly lift the well and go home.

The mines did not even dare to refuse the miners' request to quickly lift the miners back home. They had no reasonable excuse to stop the miners' actions, and were also worried that the angered miners would strike like the Russel Gear Factory after refusing to lift the miners to strike.

Yes, the mines are very worried about the strike. The reason is also related to the current extremely high-priced September coal mine futures - their current coal mine reserves are simply not enough to deliver existing coal mine futures orders.

In fact, the original production capacity and reserves of the mines were very sufficient. In early July, it can even be said that every operator of these mines was having a headache about how to sell the inventories of coal. In order to determine the market's expected level of coal demand within a time period, each mine used very common methods of inventories of coal to futures sales - 80% of the current coal reserves were included in the futures coal trading pool that could be traded.

According to the initial estimates of the mine, it doesn't matter even if 80% of the existing coal is bought by futures merchants - 20% of the stored coal is enough to cope with market demand, and the technicians who use machines to mine coal mines are not doing their best now. July to September is the maintenance period for traditional coal mining machines, and each mine is undergoing maintenance on mining equipment that has been used for about a year.

If there is a sudden increase in demand, technicians just need to complete the maintenance quickly and the machine can resume work.

Therefore, the total amount of September coal futures sold by various mines through the Imperial City Exchange is quite large. The total amount they sell is 80% of the monthly output plus 80% of the existing coal, totaling about 600 million pounds.

In other words, Olin's total coal supply in September is worth about 40 million gold pounds if calculated at 16p per pound. Now, Olin Development Bank's total coal futures purchased by about 460 million pounds in total.

76.6% of Olin's coal supply in September was concentrated in the hands of Olin Development Bank. With the advantage of early purchases, after mortgaged these futures orders at 50% of the current price, Olin Development Bank's funds not only did not decrease, but also increased by 46 million pounds.

There is no problem with these amounts of reserves to deal with ordinary customers' withdrawal of deposits - banks that absorb public deposits all feel huge pressure during this soaring price. As long as a branch has all cash withdrawn by customers and cannot repay funds to other customers, news that "a certain bank suffered huge losses due to the surge in coal mines" will be circulated on the market. Then, those large customers who originally placed the money in the bank will suddenly ask for withdrawal.

In order to cope with the public withdrawal needs of only a few hundred thousand gold pounds, these banks had to reserve cash reserves of more than 200,000 gold pounds in each branch, and then use various means to find ways to supplement their working capital and be ready to fulfill customers' withdrawal needs at any time.

The funds they previously lent to Olin Development Bank for "supplementing liquidity" by them were naturally borrowed back by them - they borrowed rather than withdrawing them in advance. After all, it is better to pay interest than paying a large liquidated damages.

In order to cope with these possible withdrawal needs, almost all other Olin Banks are taking a defensive position. On the stock exchange, no trader is a rival to Olin Development Bank. Driven by large amounts of funds, no individual or organization can compete with Olin Development Bank. The price of coal futures in September has completely lost the possibility of market pricing. As long as Lorraine is willing, there is no problem even if the price of coal futures in September rises to 500 gold pounds per pound.

However, it is impossible to achieve Dusander's strategic purpose of "slowing the speed of the empire's development through economic warfare". At least simply increasing the energy price is not enough - the prices of other products also need to be increased, and it must be raised to a point that can cause internal chaos in the empire.

Dusand himself did not have any detailed understanding and research on the impact of energy prices on the country's economy, but one thing is certain - when he was reading the news in his previous life, he heard more than once that civil unrest and economic recession occurred in some countries due to the sharp rise in energy prices, resulting in severe inflation.

There are no dates but no dates. In order to buy time for development for Nuozal, Dusand is now doing everything. Fortunately, as part of the overall war, the empire was almost unprepared for economic warfare. Even the Grand Duke Hall, who was supposed to be the gatekeeper of the empire, did not make any effective response.

Of course, Schultz also has the credit for it.

As a talent "hired" and "protected" by the Grand Duke of Hall, Schultz and Grand Duke of Hall were actually quite close. He would be elected by Grand Duke of Hall as the candidate for the implementation of the El Salvador Plan, and naturally it was because he gained the trust of Grand Duke of Hall.

After the El Salvador plan was implemented, anyone with a political mind could see that for Grand Duke Hall, Schultz no longer has irreplaceable value. Then, if Schultz wants to continue to obtain Grand Duke Hall's protection and survive in this seemingly prosperous and stable Olin, who is actually undercurrents... then he must immediately struggle and create new value for himself.

Olin Development Bank is obviously the result of Schultz's struggle.

As the most trusted subordinate and close friend of the dead Marquis of Neussal Lafayette, it is not surprising that Schultz was able to master a considerable portion of the funds hidden in Orin. Grand Duke Hall not only did not think it was inappropriate to use this "weird" means to obtain a large amount of profits, but even praised Schultz as a talented person.

Sure enough, on August 28, Schultz visited the residence of Grand Duke Hall. After handing over the first fund raised by the Olin Development Bank - 10 million pounds, Schultz also made a very calm commitment that in order to make the empire stronger, he would contribute half of the income of the Olin Development Bank to Grand Duke Hall, "for you to use it urgently to ensure the healthy financial situation of the empire."

After giving such a "contribution", Grand Duke Hall smiled and invited Schultz to taste the refreshments in the mansion, and then invited him to have lunch together. The price of this lunch is that the Olin Development Bank will prepare a five million pounds for Grand Duke Hall tomorrow morning - all of which are cash.

During lunch, Grand Duke Hall naturally asked Schultz about the ultimate goal of Olyn Development Bank and "what do you plan to do?"

"There is still a lot of room for improvement in the financial situation of the empire... So, I think the poor people who are the poor who only know the public services brought by the empire's funds should make some contribution to the empire's economic development." Schultz's answer is very consistent with his current personality, "Since they are unwilling to increase consumption, why not raise prices and make them pay more taxes?"

"You doubt the loyalty of the empire." Grand Duke Hall didn't care about such words that were obviously Hulan. He asked again, "What I want to know more is, how much money do you want to make from this futures?"

"Our goal is one hundred million pounds." Schultz smiled slightly and said a jaw-dropping number in an unnamed tone. "Those banks have handed over 46 million, and they have no more oil and water to squeeze. Other traders, especially those who are still insisting on shorting... They can squeeze at least another twenty million pounds."

"The mines that have nothing to do with the mining consortium are oversold. After the delivery period comes, they will not be able to deliver enough coal spots. They will have to compensate the spot market price ten times the cash. After a little negotiation, 30 million pounds can be taken out - those guys who try to bargain with His Majesty should be beaten up." Schultz's smile was very confident, and he continued, "Next, we are going to let those greedy smelters who have taken a large number of orders but cannot deliver the goods at all, and this is about 30 million pounds."

"The mining consortium has been too strong recently, and the Forestry Bureau needs some assistance." Grand Duke Hall smiled and ate a piece of good veal, "Do you know what to do?"

"Take action against the mining consortium, this..." Schultz looked embarrassed, "I may need your help."
Chapter completed!