Chapter 1324 The storm is coming
Over the years, because Fengyue Treasure House has an excellent reputation, the good deeds printed by the Righteous Immortal Alliance have been competed for by many cultivators.
Because the system that has been implemented in Fengyue Treasure House is that fairy jade can be quickly exchanged for good deeds, and in Fengyue Treasure House, all high-level treasures must be purchased with good deeds, so that good deeds are in short supply in recent years, and a batch of them will be exchanged for fairy jade by cultivators.
Of course, there are still some cultivators who do not have enough fairy jade, and they start to accept tasks frantically in exchange for good deeds. When their good deeds are obtained, the first thing is to deposit them in Fengyue Treasure House, so that they can earn interest.
Because of Fang Yang's various financial means, the good deeds have always been very strong, and basically require a high premium to exchange.
Therefore, Fang Yang and his team secretly took out a large amount of good deeds to buy fairy objects this time, which was naturally very popular. The transaction was completed quickly and a lot of good things were bought.
However, as more and more good deeds entered the market, good deeds as a kind of currency began to experience inflation.
First, there was a problem with the exchange between good deeds and fairy jade.
Originally, good deeds were very valuable because of the various benefits and high interest rates of Fengyue Baolou. The general official price was that one good deed could be exchanged for ten fairy jades.
Before, because good deeds were relatively scarce, there was no market for them, and it often took twelve fairy jades to exchange for one good deed.
As a large number of good deeds poured into the market, the exchange between good deeds and fairy jade began to change subtly.
First, the price began to fall to eleven fairy jades to exchange for one good deed, and then it even returned to the official price of ten fairy jades to exchange for one good deed.
However, this balance did not last long, and soon this bottom line was broken.
"Nine fairy jades exchange for one good deed..." "Eight fairy jades exchange for one good deed..."
"Five fairy jades exchange for one good deed..." "Three fairy jades exchange for one good deed..."
For a time, good deeds in the market began to depreciate rapidly, and finally became one fairy jade exchange for one good deed.
Even though the decline was so fast, it seemed to be just the beginning of the avalanche.
"What should I do? Good deeds are worthless now!"
"It keeps falling every day. My wealth seems to have evaporated..."
"No, I have to take out the good deeds I saved and exchange them for fairy jade!"
"Yes, if it keeps falling, the good deeds I have worked so hard to earn in the past few years will become waste paper..."
The shock of the financial market soon caused a great response among all the cultivators. Sensitive cultivators have exchanged their good deeds for fairy jade at the fastest speed, and even started to stay away from this place.
At the same time, fairy jade has become popular again and has become a general equivalent currency.
After all, fairy jade has actual value. It can be used for cultivation and to buy treasures in other fairy worlds. Although good deeds could once buy many high-level things, with the collapse of market confidence, it has become increasingly worthless. Therefore, more and more cultivators began to quickly sell good deeds and exchange them for fairy jade.
The crazy selling was like a tsunami, sweeping the Righteous Immortal Alliance and the Demonic Alliance, and even causing shocks to the major sects.
You know, because the high-level things in Fengyue Treasure House must be exchanged for good deeds, many major sects tried to exchange immortal jade for good deeds, and then deposited them in Fengyue Treasure House to earn interest. Now these wealth is disappearing at an invisible speed.
Especially when Fengyue Treasure House auctioned "Taiqing Sword Art" last time, a large number of sects competed to buy good deeds and deposited them in Fengyue Treasure House. This not only made it convenient for them to buy treasures, but also earned a very high income through interest.
These sects have a lot of forces. They try to contact Fengyue Treasure House through various channels, and even put pressure on the Righteous Immortal Alliance and other forces behind Fengyue Treasure House, so as to obtain some exchange channels internally.
The Righteous Immortal Alliance also promised that their interests can be guaranteed, but somehow the news of this matter leaked. As a result, it was like stirring up a hornet's nest. A large number of cultivators began to rush into Fengyue Treasure House frantically, wanting to take out the good deeds they had stored in it and exchange them for fairy jade.
At the beginning, Fengyue Treasure House could still hold on, but as more and more people lined up in front of Fengyue Treasure House.
Even though Fengyue Treasure House had some fairy jades in liquid funds, it could not withstand such a run, so the fairy jades soon ran out.
Afterwards, all parties in Fengyue Treasure House entered the treasury, but found that the entire treasury had been emptied, and no one knew who did it. Of course, this matter was serious, and they had to suppress it. Then Fengyue Treasure House had to close down.
This caused dissatisfaction among many cultivators, but these cultivators still did not dare to make trouble. After all, Fengyue Treasure House was backed by the Righteous Immortal Alliance and the Demon Realm Coalition, and there were fairy emperor forces behind them.
Although these cultivators were dissatisfied, they still believed that there would not be too many problems for a while with the fairy emperor as a backup.
Then Fengyue Baolou issued an announcement saying that the current situation was just caused by rumors, and executed several monks who spread the rumors, pointing out that these people were spies sent by Xuanyang Immortal Emperor. This temporarily diverted the conflict.
At this time, Fengyue Treasure House said that it would repair the formation and suspend business for a month, and that it would resume exchange after a month, and it would be at a ratio of one to ten, which finally stabilized the market's confidence temporarily.
However, people with a little foresight would probably find that a terrifying financial storm is about to appear here.
At this turbulent moment, rumors spread that the cultivators of the Righteous Immortal Alliance and the Demon Realm had been engaged in long-term corruption since they entered Fengyue Treasure House.
In addition, some people with ulterior motives wrote big-character posters about the extravagance of some disciples of the Righteous Immortal Alliance, which quickly spread among all the cultivators and sects.
All of a sudden, it was like water in a frying pan, and it exploded all of a sudden. The situation also became confusing.
As more and more evidence began to gather, people found that many of their good deeds were forged, and it was very likely that they were privately printed by the Righteous Immortal Alliance, which meant that they got all "fake money".
At this time, on the top floor of an inn in Fengyue Treasure Tower, Fengyue Immortal Emperor, Crocodile Ancestor and Fang Yang were drinking together, and Miaoyi Zhenren was accompanying them.
"Boss Fang's financial warfare is really powerful! I admire you!" Fengyue Immortal Emperor said with a toast.