Chapter 1732: Imperial Gold Notes (III.)

In just one week, the Muller cabinet, at the urging of Frank, introduced a series of reform policies that touched the interests of all levels of society, and the imperial government and opposition were shaken. The imperial press, which was controlled by reformist intellectuals, praised these successive policies and praised the current government for its "vigorous and resolute actions." From an outsider's point of view, Frank's move was too hasty, and the result of rushing to achieve results is likely to be hasty rather than unattainable.

During his meeting with Frank in the holy city of Assan, Roland made a number of proposals for reform, which can be found in the policies of the Empire at the beginning of the year. But Roland also regretted to see that Frank and the Imperial Cabinet did not fully accept his proposal, but only selectively borrowed a small part, which boiled down to a principle, that is, "redemption".

From the emancipation of serfs to land reform, the imperial government's reform thinking reflected a marked tendency to avoid violence as much as possible, to minimize the losses suffered by the beneficiaries of the old system, such as the aristocracy, landlords, and high clergy, and to soften their resistance to reform policies by spending money on land and serfs.

Roland was not opposed to the policy of redemption, which was the only way to avoid violent social conflict, the problem was that such reforms were too costly, and the imperial government still owed a lot of debts, where would the funds come from to buy land and serfs?

In fact, Frank has already given the answer.

It is impossible to conjure gold and silver out of nothing, but it is not difficult to conjure up a lot of "money" out of thin air. Sweeping social reforms required an astronomical amount of money, and Frank couldn't afford real money, so there was only one last resort – the issuance of paper money.

Roland issued gold money in the Far East, but did not abolish the "gold standard". If someone goes to the bank with a large amount of gold money to exchange gold coins, the bank may need some time to cash in turnover, but whether it is using their own reserves, borrowing from the interbank or asking the central bank for a reloan, it is always necessary to scrape together enough gold coins before the deadline to meet the customer's requirements.

Banknotes issued by the Imperial Government were also called "gold banknotes", but they were similar to "Far Eastern gold notes", but the collateral was not gold.

Shortly after Roland left the Holy City, Frank adopted John Lauer's plan and issued banknotes with magic crystals as collateral. The imperial "gold" banknotes are a bit unworthy of the name, and in essence they implement the "magic crystal standard".

Since the preparation for the issuance of gold banknotes in March, the Imperial Government has been building up momentum to the public through various channels, advocating how smoothly the Imperial Government's pioneering undertakings in the New World are progressing, and how beautiful the operating performance of the Jotunheim Mining Company is, the purpose of which is nothing more than to instill in the public through public opinion propaganda a concept that the Imperial Gold Banknotes are guaranteed by the magic crystal minerals of the Jotunheim Company, which is absolutely credible!

On the day when the first batch of Imperial gold banknotes was publicly released, Prime Minister Mueller gave an exclusive interview to the Quds City Daily, openly boasting that "every imperial gold banknote has a corresponding magic crystal reserve" and "100% promise fulfilled"!

Roland obtained the newspaper published that day through friends in the Holy City, and the front page headline was the interview with the Count of Muller, and the picture of the Prime Minister still looked so handsome and dashing and personable, that readers who did not know him would inevitably trust him at first sight. However, Roland has learned Prime Minister Mueller's political skills, and knows that this guy is used to seeing people talk about people and talking nonsense, and if he believes in his promises, he will suffer a big loss sooner or later.

Even without taking into account Prime Minister Mueller's history of lying, his promise of "100 percent reserves" is not credible. Roland has been engaged in financial work for so many years, and he thinks that the Far Eastern banking system is already the most honest and conscientious financial institution in the whole of the world, and the real money and silver collateral used to issue silver and gold banknotes is only worth 50% of the face value of the banknotes.

You fool the hell!

Ghosts don't believe your nonsense!

Fiercely skeptical, Roland used "divination" to try to figure out how much reserve the Reichsbank had raised for the issuance of paper money. However, the spell failed as soon as it was activated, and it was clear that the Empire was also weak, and the spell was cast to shield detection attempts from the outside world.

Since "divination" cannot penetrate the secret barrier of the imperial authorities, it is conceivable that "prophecy", "legend", "otherworldly exploration" and even "psychic magic" cannot learn the inside story.

Is that all?

Roland couldn't swallow this breath, and after contemplation, he decided to take a gamble! Perform the 9-ring "miracle technique" and try to break the secrecy network of the Imperial Treasury and the Central Bank!

Regardless of whether it is known, the Imperial authorities must have used some kind of legendary spell to shield the outside world from detection. Normally, prophecy spells below the legendary cannot break through this "firewall", but the 9-ring "miracle technique" is a bit special, it is not only the strongest spell below the legendary, but also the manifestation of divinity, and there is a small chance that the legendary spell can be broken.

Roland bathed and changed his clothes, set up a small altar of the goddess of fate in his room, splashed holy water to wash away the dust and filth, and made full preparations for casting spells, and then sat cross-legged in front of the altar, reciting prayers sincerely, silver light rose from the altar, and a slim figure could be faintly seen, as if waiting for Roland to make a grand wish.

"My lord, please solve the mystery in my heart for me......"

Roland performs a "miracle spell" and asks the goddess Sindra to lift the fog that hangs over the Empire, so that he can learn the value of the collateral raised by the Imperial government for the issuance of banknotes.

However, the phantom of the goddess did not give an immediate reply, and a huge 20-sided dice suddenly jumped into Roland's consciousness space, and his bones kept spinning.

Roland immediately understood. Even if the "miracle spell" is cast, it is not so easy to break through the legendary spell blockade, and it is necessary to perform an exemption check, the twenty-sided dice rotate randomly, and when it finally comes to a standstill, the number presented is large enough to pass the check.

Roland didn't know how difficult the test was, and he didn't care. Directly stimulate the "lucky wave" of voters' ability, forcibly eliminate randomness, and make the dice directly display the maximum number of 20, it is conceivable that this near-cheating method will make him pass the test 100%.

The golden dice slowly vanished, and a line of code poured into Roland's mind, which was automatically translated into a string of numbers under the influence of Sindra's divine power.

After Roland carefully distinguished, he couldn't help but gasp.

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