Katya certainly expected that Roland's second step would be to completely abolish the promise of exchanging paper money for gold and silver, and instead use "cloud assets" as anchors for Far Eastern banknotes, so that Thaler would decouple from gold and silver, break with thousands of years of monetary tradition, and evolve into a true "credit currency".

"In the future, individuals, institutions and even state departments who want to trade on the cloud network must first obtain Teller banknotes, and as cloud transactions are popularized throughout the world of Vares, Teller will eventually become the world's currency, and the Central Bank of Kolas can even influence the price of cloud assets by controlling the amount of Thaler issued."

"When we complete the above two steps of monetary reform, replace gold and silver with paper money, and completely abolish the gold and silver standard, if the cloud network encounters sniping by speculative forces at the critical moment of the war, we do not need to destroy the rules of the market, and directly compete with speculative groups in the way of open market operations to buy spell slots, because at this time Teller has been decoupled from gold and silver, the government can print money as appropriate to buy spell slots, no matter how much Teller in the hands of speculators, it is not as much as the Far East government that has mastered the money printing machine, and will eventually return home in this battle for cloud assets."

"Of course, we will also pay some price for this invisible and bloody war, such as the over-issuance of banknotes, which will benefit firstly the government agencies that hold the right to issue banknotes, and secondly the holders of cloud assets, so who will be harmed? It is those people at the bottom who do not hold cloud assets or other forms of fixed assets, and the pressure of inflation is mainly borne by them, which is certainly not a moral policy, but in extraordinary times, it is better to use extraordinary methods than to lose two wars at the same time, and when the war is over, it is also appropriate for the government to eliminate inflation as soon as possible by adjusting fiscal and monetary policies. For the people at the bottom, as long as they succeed in repelling the invaders, they can also get compensation from victory and peace; On the other hand, if the country is ruined, the disaster that people face will not stop at inflation. Roland slowly expressed his idea.

His paper money theory, which is based on "national credit", is based on the current monetary system on the planet. The monetary hegemony he seeks has a vague shadow of the "hegemony of the dollar" on the planet, but there is an essential difference between the two.

The more dollars in circulation, the more debt the U.S. government has, and the day when the government's revenues are insufficient to repay the liquidity liabilities, the trick will come to an end.

Roland's ideal "Teller" banknote is different, it does not need to be collateralized by treasury bonds or other assets, it is a purer "credit currency" than the US dollar, and theoretically he can print as many banknotes as he wants as long as he wants. In reality, of course, this is not possible, and over-issuance of paper money comes at the cost of inflation and an overdraft of government credit – a situation that Rowland seeks to avoid.

Sometimes Roland even thinks that in this world, including life, there is nothing more precious than "credit". This mentality is also reflected in his cautious approach to monetary reform.

Why is it better to issue banknotes in two steps, and simply do it in one step?

There are too many unpredictable risks in monetary reform, especially the shift from the "gold standard" to a pure "credit money system", which completely runs counter to the traditional concept of the general public, and requires a gradual process to make people accept this new thing. Roland had to be cautious and cautious in every way during this period. If he takes too big a step, he is really afraid of pulling the egg, and it will be too late to regret it when the time comes.

After some in-depth talks, Roland and Katya reached a consensus that the central bank should take the lead and the Ministry of Finance cooperate to prepare for the issuance of "Far Eastern gold banknotes".

Since the Far East had abolished the circulation of silver last year and successfully issued "silver banknotes", the central bank and the Ministry of Finance had long been familiar with this process, and now it is nothing more than replacing silver with gold and repeating the operation.

As for the public reaction, in fact, it did not surprise Roland. As early as last year, when the banknotes were issued, there was some resistance in the community, but on the whole, the public was still supportive of the Korras government's monetary reform. In the past year, people have become accustomed to the use of silver money, and the government of the Far East has not failed to live up to the trust of the people, strictly controlling the issuance of silver money, the purchasing power of silver money compared with the silver coin era has not declined significantly, due to the convenience of people favoring silver money, the circulation of paper money has gradually exceeded the cumbersome gold coins.

In such an environment, it is not surprising that the public reaction to the announcement of the Far Eastern government to issue "gold money" was muted.

Despite the lack of opposition, Roland insisted on keeping up with the propaganda. From mid-May, when preparations were made for the issuance of the banknotes, major newspapers and radio programs were put on the scene to explain the necessity and benefits of monetary reform. In response to the public's concerns about the depreciation of gold banknotes, Roland also specially commissioned Rogge to plan a "fireside chat" to discuss this topic, the purpose of which is nothing more than to appease the people.

This time, Roland did not go out in person, but sent his vice president, Katya, into the broadcast studio - to be precise, "escort".

Katya resisted in every possible way, lest she would be too nervous and say the wrong thing in the broadcast studio, and become a laughing stock in the ears of millions of listeners. However, when she was forced to sit in the special guest seat and the music that announced the start of the live broadcast sounded, for some reason, she was like a god possessed, and suddenly she was not nervous!

During the one-hour program, Katya did not have the slightest stage fright, chatted and laughed with the host Rogge, and explained the convenience of "gold money" in an elegant and humorous language style, emphasizing that gold money can still be exchanged for gold, so that the audience in front of the radio can eliminate their doubts, and at the same time gain a large number of fans.

After getting off the show, Katya was still in a state of excitement when she saw Roland backstage, and sighed smugly: "I really don't know if I don't try, it turns out that my mental quality is so good, the bigger the scene, the better the improvisation!" ”

"You're cheeky and really surprise me." Roland laughed and teased, and then encouraged her: "I really played well tonight, and I will have a chance to be on the show in the future, you have to keep a good attitude." ”

"No problem!" Katya patted her chest confidently, and the moderately sized peaks stood proudly, "After tonight's test, I have sublimated, and there is nothing in the world worth fearing!" ”

Madam Vice President, it's really a little inflated......