Tell me your reasoning, Padrak," Gawain looked at the head of the Empire's commerce and finance in front of him, his expression serious and serious, "You should know that the introduction of credit money is a more radical move, and too much change means that the difficulty and risk of change will skyrocket. ”

"Yes, Your Majesty," Padraic said slowly, pressing the collar of his short black dress, taking a deep breath, "and the main reason for my suggestion is ...... Typhon. ”

"Typhon......" Gawain groaned slightly, "go on." ”

"Your Majesty, you have said that there will be a war between us and Typhon, and it seems to me that this war has already begun—and you must have thought so. We have just avoided a real war, but economically, our contest has just begun, and at this stage, the essence of this contest ...... It is a contest of gold settlement. ”

Gawain stared into Padraic's eyes, and he didn't hide the approval in his eyes, motioning for the other party to continue.

"Typhon's proxy currency is based on gold, and their bank issues banknotes that can be exchanged for gold, but when it comes to orders with Cecil, we still settle directly in gold because there is no new currency interface between the two sides. We procure large quantities of textiles and other primary industrial products from Typhon, while exporting magic parts and trains and railways, the latter of which have few orders but are of great value, so that in general, Typhon's gold is flowing to Cecil in a slow, unobtrusive manner.

"Your Majesty, you should know that Typhon's aristocratic reforms were far more 'gentle' than ours, and they retained a large number of old nobles, who, in addition to losing their privileges, retained a large amount of personal property.

"To put it simply, Typhon has a large amount of aristocratic coffers that are not under the control of the royal family, and the gold that was paid to us...... In fact, many of them were gathered by countless nobles of all sizes in Typhon through private investment, fundraising, and financing, and less than half of them came directly from the vaults of the Typhon Imperial Bank, so for a long time, the people of Typhon would not find that their gold was flowing out - not only did this involve a very large and long-term statistical work, but also a large number of nobles in order to circumvent the restrictions on railway investment set by Rosetta Augustus, and tried all kinds of methods to hide those trivial but large-scale gold flows... …”

Listening to Padraic's words, Gawain couldn't help but think of the situation that Daniel reported to him:

In order to circumvent the series of obstacles set up by Rosetta Augustus, the most common method of Typhon was to borrow from the bank in the form of family guarantees and joint guarantees, and then "cooperate" with the bank (after all, half of Typhon's banking system was also in the hands of the aristocracy), transfer the debt to Cecil Railway Investment Company, and then they repaid the debt. He used his family's coffers to pay Cecil's debts in instalments, thereby acquiring shares in various shell ways and sharing the profits of the railway's operation......

This complex and "wonderful" operation bypassed their regulatory system.

Rosetta Augustus may have been an iron-fisted emperor with great talent, and he successfully controlled the powerful upper nobles of Typhon's empire through court struggles, and subdued the small and medium-sized nobles of the whole country, but in the corners of the gutter that he could not take care of, among the small nobles who were gradually transforming from old nobles to capitalists, the "creativity" and "fighting spirit" displayed by people in the face of interests were obviously beyond the imagination of Emperor Typhon.

Typhon's gold flowed out in secret and triviality.

"If we want to maintain this trend, the most important point is to maintain the status quo of gold settlement," Gawain followed Padrak's train of thought and said slowly, "And if we establish a substitute currency system, starting from the law of economic development, it will be a matter of time before the two countries establish a new currency interface, guarantee each other and settle in new currency, and once the settlement currency becomes a new currency completely controlled by the bank, Rosetta Augustus will be able to effectively control the trend of gold outflow- It is even possible for him to discover in time those pitfalls in the process of domestic industrial and economic development, and to discover those things that we have painstakingly arranged, and with his wisdom, he may be able to solve these hidden dangers very quickly. ”

The issuance of credit currencies and the creation of new currency settlement barriers between Typhon and Cecil were a means of maintaining gold settlements between the two countries and delaying Rosetta Augustus' reaction time.

"Yes - we're going to 'help' the investors in Typhon keep this 'golden shortcut'," Padraic nodded, "Of course, even if we choose an alternative currency, we can continue to ask for settlement in gold - there is another reason why I support credit currency.

"The people of Typhon don't just do business with us - they know that the goods produced by the factories need to be sold in order to generate value, and Cecil, as a country that also develops the magic industry, will not accept their output honestly, so they will definitely look for new markets......"

As soon as Padraic said this, Amber, who looked like he was wandering to the side, suddenly said: "Typhon may be in contact with the Kingdom of Kaolin, or maybe he is negotiating the dispute over the Blue Rock region, if this is the case, then the negotiation should be almost complete." ”

“…… They are going to start trading with the Gaoling Kingdom, and they may even be eyeing the market of the Silver Empire," Gawain instantly thought of the answer, but then looked at Amber with a little confusion, "This is the intelligence of the southern part of the continent, the Military Intelligence Bureau should not have infiltrated over there, right?" ”

"I met Sonia this morning, and she casually mentioned that the Silver Empire has recently been re-measuring the Blue Rock Disputed Logging Zone, and in addition, the technical exchange document between the Silver Empire and the Magic Energy Technology Department three days ago also mentioned a sentence - the magic net unit produced by Typhon can also be used in a standard operating environment. Outside of the triangle of the Blue Rock Dispute, Typhon and the Silver Empire do not have direct border and communication, and they have access to the magic net units produced by Typhon, which are most likely imported from the Kaolin Kingdom, which may be Typhon's 'trade sample' to the Kaolin Kingdom. The three countries have been in constant love-hate and hatred over the years, and they basically revolve around the Blue Rock disputed area, and I thought about these things just now......"

Amber said as a matter of course, as if it were all just something she was doing casually in her spare time.

Gawain's eyes widened, however.

After a moment, he withdrew his gaze and nodded with a smile: "Very good, you did a good job." ”

Amber hugged her arms and twitched the tips of her ears: "That's, I'm a gods-chosen ......."

"Your Majesty, it seems that the situation is indeed as I expected," Padraic said, bowing his head, "Typhon is establishing a market to the south of the continent, the Kaolin Kingdom should have opened its doors to them, and the Silver Empire will presumably establish trade relations with Typhon to some extent - although we have good relations with the Silver Empire and have technical cooperation, this does not prevent the elves from buying Typhon goods. On this basis, the large and small city-states attached to the Silver Empire and the Kaolin Kingdom must not be considered, they will all become the market of the Typhonns.

"Typhon will establish a wide range of commerce in parts of the western and southern parts of the continent, where trade participants will settle their accounts in Typhon's currency - except for the Silver Empire, which has the power to rival Typhon, Typhon should be the dominant economic activity in front of other countries.

"I call it the 'Typhon Settlement Area'.

"And what we're doing is similar to Typhon, we're expanding our trade with the Oguray tribal state, you're planning to build a railroad to Oguray, and in the north, the Archarchon Victoria is establishing communication with the Violet Kingdom and trying to make contact with the Duchy of the Holy Dragon.

"Many city-states in the northern plains have already started to buy our alchemy potions, and although their city-states are not large, the entire city-state federation is still a huge market.

"There is no doubt that the Cecil Empire will be the 'economic leader' of these regions, which will be settled in our currency.

"Referring to the 'Typhon Settlement Area', most of the northern and western parts of the mainland will become the 'Cecil Settlement Area'."

Padraic said all this in one breath, his face turned red at some point, his slightly blessed body trembled slightly from panting, and in the eyes of the head of business and economics, there was some kind of inexplicable light flickering.

Gawain stared at Padraik's eyes, leaning forward slightly.

"So...... It's not just Cecil and Typhon's problem. He said in a quiet tone.

"Yes, Your Majesty, it's not just a matter of Cecil and Typhon - Typhon is building their settlement zone, and we will certainly build our own, it's a contest of two settlement zones, two monetary systems, and in the long run, credit money in large-scale, high-velocity commerce, transcontinental and rapidly growing...... It has a higher 'capacity' than proxy currencies and is more resilient to disasters. ”

At this point, Padraic paused, and Gawain whispered in a deep tone, "When the day of the run comes, the proxy currency will collapse faster. ”

Amber looked at Gawain and then at Padraic.

Truth be told, despite her exceptional talent in the field of intelligence, she has been completely blindsided in the field that Gawain and Padraic are talking about.

However, she suddenly felt a shudder.

"As long as Cecil's empire does not collapse, as long as there is no international credit collapse, as long as our industrial and economic systems continue to develop steadily, as long as the walls of grandeur do not collapse, and we ourselves do not engage in any stupid thing of unlimited over-issuance, then credit money is almost equivalent to having near-infinite solvency," Gawain continued, "and there will come a time when Typhon and his business partners' gold reserves will reach a bottleneck, and the larger the market they build, and the faster the pace of development, the sooner this bottleneck will come." The gears of the factory are heavy wheels that will force them to over-issue currency, and what we have to do is to do everything possible to let the gold in the Typhon settlement flow to us before Rosetta Augustus reacts, and before the Typhonians plug their loopholes......"

"May their aristocratic investors continue to work hard." Padraic laughed.

Gawain also smiled: "I hope that the current 'peaceful situation' can last a few more years." ”

He stood up and made his way to the place where the map hung next to the bookshelf.

There used to be a map of the whole of Ansu hanging here, but now the old map has been removed and replaced by a map depicting the whole of the continent.

The Wasteland of Gondor occupies a prominent position on the map, and around the wasteland, Cecil, Typhon, the Oguray Tribal States, the Kaolin Kingdom, the Silver Empire, ...... One country after another is intertwined, occupying patches of ancient ancestral lands.

For thousands of years, these countries have developed in peace and tranquility, and although there are exchanges, there is also an invisible barrier separating all the countries.

For thousands of years, the protagonists of the story have been knights, princesses, castles and wildernesses.

Quiet, peaceful, idyllic.

But times have changed.

Open doors, free trade.

His gaze slowly swept over the map of the continent, which he had drawn by hand with reference to satellite imagery, and between the precise lines, his gaze gradually crossed the wasteland of Gondor and landed among the jungles and cities of the Silver Empire.

"It would be nice if we could realize the transportation between the north and south of the mainland......"

"Your Majesty?" Padraic didn't hear clearly, and asked curiously.

"No, it's nothing," Gawain shook his head, he was thinking about something that Padrak, the head of business and economics, couldn't solve, "let's talk about issuing currency." No matter how necessary credit money is, issue it...... It's not that easy. ”

"Yes, Your Majesty."

"Bookmark for easy reading"