Inflation and Currency Reform

Matthew watched as the last ship slowly departed Vantastie from the harbor area and turned back to Area 57.

The once lively 57th district has become much colder, the population has decreased by 90%, and the entire area has changed, from the previous courageous advance, to a somewhat conservative and closed area.

The people of District 57 need to devote more energy to the secular world, and where they are, the people of District 57 will be rewarded even more.

For people in other residential areas, it is also very incomprehensible that the people of District 57 have suddenly become so low-key, and many markets that have been developed and occupied by the people of District 57 have been sold one after another, allowing others to participate and get a piece of the pie.

However, it was a very good thing for them, and without the people of District 57, the whole of Vantas was back to their familiar rhythm.

In the blink of an eye, a year has passed.

Life in Vantasti is as safe and peaceful as ever, but it's also a bit boring.

For the Vantati people living in the middle and upper classes, the past year has been good, with considerable progress in various industries and a significant increase in income.

All this is thanks to the people of District 57, for some reason, from the second half of the year, the people of District 57 suddenly became more wealthy, they held gold coins and magic stones, and ran to Vantasti to purchase all kinds of materials and commodities.

The people of District 57 suddenly became much less sensitive to prices, and they signed contracts with many commercial houses to contract the output of many commodities in the next three years, and the price they gave was higher than the selling price of this product in the market.

These behaviors of the people of Area 57 have undoubtedly disrupted the business order of the entire Vantastie and set off an inflation covering the entire Vantati.

Their large-scale purchases suddenly broke the balance of supply and demand in the entire market, causing a shortage of supply of a large number of goods, and the prices of these goods began to skyrocket.

Of course, the procurement of the people of Area 57 is mainly based on various raw materials and primary processed goods, which have little impact on the daily lives of ordinary people, and the price increase has not caused unrest among the common people, maintaining social stability.

The most affected are some upstream manufacturers who will also use these raw materials and primary processed products, and the soaring cost of raw materials has directly crushed their profitability, and many manufacturers are directly facing losses and bankruptcy!

In the world of Earth, once such a situation occurs, there will definitely be authorities who will come forward and use the restrictions of various laws and regulations to counter price manipulation and protect their own local industries.

However, in a relatively backward business environment like Vantati, the shareholders behind these loss-making companies have no weapons that they can use!

You know, behind the people of Area 57 stands Matthew, a powerful wizard.

Moreover, the crazy procurement of the people in District 57, in addition to hurting some enterprises, has brought more positive stimulus!

More industries have ushered in great development under their procurement!

The vast amount of money spent on Matthew's purchases was injected into Vantasia's business cycle, a redistribution of profits in the closed economy, from which many people profited.

In this way, Matthew took advantage of the complete marketization method to sort out and adjust the industrial structure of Vantastie, and used his strong financial advantages to kill a number of enterprises and support another group of enterprises.

Under his will, the entire Vantas began to transform into a relatively low-level material supplier!

Countless people are curious, where did the people of Area 57 get this large amount of money, could it be that Lord Matthew has cashed in his precious wizarding resources?

So what is the use of them purchasing so many means of production? With a population of hundreds of thousands in District 57, how can they consume such a huge amount of materials?

All this is due to the smooth implementation of the colonial plan of the "Expeditionary Road".

When the billions of people in the secular world were organized, the power they exerted began to gradually show their edge.

Just half a year ago, when the various project teams had taken root in the fiefdom and had a solid grasp of power, Matthew launched the financial and monetary reform he had been preparing for a long time!

A financial institution called "Wizard Gold Bank" came into being!

The bank has only a handful of employees, and all of its business is network-dependent.

With the support of a powerful data network, Matthew has developed a mobile settlement method.

Combined with the first census work, all the population under his control was given their own unique identity code!

And each identity code has opened its own corresponding account in the "Wizard Gold Bank".

Relying on the "Wizard Gold Bank", Matthew ordered that all existing currencies be abolished from circulation, and everyone must use the cash currency in their hands to exchange virtual currency for the "Wizard Gold Bank". All transactions must be made in virtual currency, and no merchant is allowed to receive cash currency!

As for the virtual currency stored in the account, "Wizard Gold" will provide an annualized fixed income of more than 4%!

This decree undoubtedly caused an uproar in the secular world, but in front of Matthew, who had gained absolute power, no one could oppose it!

What's more, virtual currency itself also has a huge advantage over cash currency, coupled with the annual increase in fixed income, under the violent implementation, people in the secular world have begun to slowly accept this policy!

After half a year of promotion, virtual currency has replaced at least 70% of cash currency in the secular world!

In other words, in this way, Matthew raised 70% of the wealth accumulated by the entire secular world over tens of thousands of years!

And the cost paid is just the code in the system, and a little gore and killing in the implementation process, which is a good deal.

A large amount of cash money, all of which is copper, a large portion of silver, and a small amount of gold, is smelted directly into metal and will be used in production.

The rest of the currency was transported to Area 57 and sunk directly into containers, causing the sea level of Area 57 to rise by a full two meters.

Many Vantatitians are curious about how rich Area 57 is now, and the total amount of virtual currency displayed in the system has exceeded 300 billion gold coins.

Although most of it has been smelted, the rest is still an incomparably large number!

And the only place where this part of the funds can be used is Vantati.

What's more, from the nobles of these 57 kingdoms, Matthew directly collected more than 700,000 magic stones, and an average principality can collect more than 12,000 pieces!

In the understanding of the nobles, their magic stones are stored in Lord Matthew's "Wizard Gold Walk" with a very good income, and they are guarded by the power of magic, which is extremely safe!

But for Matthew, this huge supply of magic stones will quickly increase his cultivation and accumulation!