The new round of issuance of treasury bonds is actually an overdraft action, but this overdraft is also a country's credit, and this thing, in fact, if you understand economics, you can understand that the country's credit is actually equal to the country's currency!

But the problem is that this theory is compared with later generations, and the currencies of various countries now stipulate that they should be exchanged with gold, and their prices are stipulated!

Then, when there is more government bonds, that is, more money, then there will be a problem, that is, the price of this currency will change.

Isn't that right, isn't it how much the currency is regulated by the state? Is there a rule on how much gold and silver can be exchanged?

That's true, that's right, but ah, regulations are regulations, regulations are state intervention, but what really determines the price of money is actually the market!

To put it bluntly, that is, the pound will fluctuate in future black market trading, and since it is overissued, then there will be a depreciation.

This is a normal market performance, in fact, British economists, they can basically understand it, they also know that it is dangerous to do this, but at this time, the situation can only be like this, otherwise the members of parliament they can't do it, these guys will seize the opportunity to attack the current cabinet.

Salisbury is also very bitter, you know, at this time he became the prime minister, and as a result, he encountered such a mess, there were economic problems, and the country had to fight......

"Shoot me!"

"Whose troops are there? Let him withdraw to Lao Tzu! ”

Teresanda, Henry. Lieutenant Colonel Roberts was directing the operation, and this guy ordered. Shouting. The combat arrangement is really the style of a famous general.

That's right, too. They come from famous families, but they don't ......

The war on the side of South Africa is in a bad situation!

Originally, at the beginning, the British army was very strong, and they had already prepared for it, and then that Milner directly ordered to completely control Teramswa, the big gold mine.

And with that, the war began. In other words, the British were prepared first, everything was ready, and then they were going to do this one, so with the strength of the British army, of course, they achieved great success in the early stage of the war, and won one victory after another.

However, you must know that the Teresa Tuva gang are not vegetarians, they are locals, and they have the advantage of location. So......

Fight guerrillas!

Just this means, this method of warfare. You don't need anyone to teach you at all, the Boers themselves know it.

The Boers were originally peasants, gold diggers from all over the world, and they were originally people with no sense of unity, so when such a powerful opponent Britain came, then of course they could not resist at first, so they ran, and if they ran, everyone would definitely be scattered, and this would naturally form the basis of a guerrilla war.

Guerrilla warfare, in fact, is to play a trick, that is, not to let the opponent play to his strengths, isn't the British very strong in industry?

So now, we are fighting guerrillas, and many times, it is a situation with the British army on a small scale against a small scale, or even a single against a single one, so this situation has nothing to do with industrial capacity.

So, when the Boer War entered the second stage, that is, guerrilla warfare, the British Empire's army could not stand it a little.

The other party has a geographical advantage, and the people are military and civilian, and it is very tiring for us to find a supply here in the British Empire, although there are also British expatriates in this Teramswa, but the number is too small.

"Did you find anyone?"

"Isn't that over there?"

Henry in South Africa. Roberts was already in a hard fight at this time, the main reason for this was that they wanted to find an opponent, but it was difficult, they ran back and forth with a cannon, and there were not many times when they could really hit people......

South Africa is not easy to deal with, but at least on the surface, the British Empire still has a big advantage, or it is simply a victory, anyway, on the surface, then since it is so.

Then you should live your life!

On the main island of the British Empire, it had no impact at all, and on this day, something big happened on this island!

"People! A warm welcome to our Queen Victoria! ”

"People! Today is a holiday, but we are not celebrating anything, but we are going to see one of the greatest miracles in human history! ”

"People! Get ready, and you'll witness miracles! ”

Marvel? What is it?

I saw that this was full of people today, and there are still a lot of full seats here at the Royal Theatre, but today is very special, because there is a place that has been emptied, and people cannot sit, and the location of that place is still very good.

Why is that? Is it stupid? Don't make any money?

Of course not, that place is the center of the Grand Theater, and there are a number of machines in there, and one of them is something with two wheels on it, so strange, I haven't seen it!

Those two wheels......

While the people of the British Empire were still talking about the strange machine, suddenly the whole hall went dark!

"Wow!"

"What's going on?"

"Is there a power outage?"

I have to say that this is really strange, because in the past, when performing in the big theater, it was naturally good to have lights, but now, the lights are turned off directly, but it is only ......

The strange machine moved, making a strange noise, and at the same time, a light shot out and hit a strange curtain!

It was supposed to be a place for actors to perform, but now it'......

"Wow, aa

"What is this?"

"That image actually came out? It's nothing short of a miracle! ”

"Praise be to God!"

A light brought a picture that the people of the British Empire had never seen before, it was really a picture, and it appeared!

And this shadow, it still moves!

"The world has changed...... I felt it from the water...... I felt it from the ground...... I feel it in the air...... We lost a lot, and now no one remembers it...... It all started with the casting of the ring, and the elves got three, they were beautiful, and they were immortal...... The dwarves were given seven rings, they could mine, and they could make elaborate iron...... And human beings, got 9 pieces, and human beings are even more eager for rights......"

Fack! Not only does the shadow move, but there is also the sound, which is simply terrifying!

"It's simply amazing!"

"Oh God! What do I see? ”

"This, is this the movie?!"

The people of the British Empire, if their reaction is seen by Li Mengyang at this time, then Li Mengyang will definitely say something......

A bunch of hillbillies!

Well, this spit is really a bit excessive, after all, these people of the British Empire, they have never seen this thing, this thing is naturally a movie!

After more than a year of events, the Pacific Rim Federation joined forces with the British Empire, and they completed the first film masterpiece in human history, which is the one that was said before, "The Lord of the Rings"!

Everyone has already agreed, we have the technology, the original book, the script and the actors here in the Pacific Rim Federation, and you British Empire, you just have to pay for it.

Sure enough, it's really paid, and it's very happy, because if this movie comes out, it will be a big deal for Russia and Germany.

See, right now, in this Royal Theatre in the UK, there are more than 1,000 people, and there are even a lot of people outside who want to buy tickets to come in, and all of them want to see the beauty of this movie!

Movies were invented before, there were cameras, there were projectors, so everyone has seen it, but however, there are still few people who have seen it, and there is no story at all about the things that were filmed before.

Of course that's the case, because when I filmed before, I just found a random place, and then set up a camera, okay, what actors, what lights, what recordings, no, everyone is an actor.

For example, when the factory is off duty, the gardener is watering the flowers, just this kind of film, can that be interesting?

Now, it's different, I said it before, this movie of ours has a story, a huge story structure, adapted from the novel "The Lord of the Rings"!

How good is it, don't come and see it yet?

So, the effect of this movie is absolutely sloppy, and Salisbury is very satisfied.

And then......

"In Middle-earth, each ring has the power to rule over every race, however, they have all been deceived because there is another ring that has been forged, and in the flames of Mordor's Doomsday Volcano, the dark lord Sauron has secretly made a ring, which is the One Ring!"

This sound,Of course, that's the narration.,Background sound.,But in fact,It's like a gramophone.,Anyway, it's recorded first.,And then when the movie is played.,It's being released.,That is,The two sides are running independently.,Anyway, there may be a situation where the cooperation is not very good.。

And now this image ......

The dark lord Sauron should be out, right?

I saw that the picture was going up, a man, wearing a medieval armor, black armor, and then a cloak that seemed to be a broken curtain, and then seemed to raise his right hand very proudly, showing his strength!

This...... A picture, to be honest, it's a bit rough, black and white, and then as for adding a little hellfire or something, that's the firewood in the back, this thing......

"Wow! That's great! ”

"What a great guy!"

"Is this the Demon King?"

To be honest, of course Li Mengyang watched this movie at the beginning, and after he watched it, he felt really sorry for the audience, because the filming was really bad, but now......

It seems that the audience still likes it very much, the people of the British Empire are really foolish! (To be continued.) )

PS: Thank you all for your support! Thank you so much!