Chapter 314: Economic Collapse
Thorin had been keenly aware of the decrease in the ratio of black iron to the market a week earlier, but he attributed this to the arms trade with the nobles, which led to a large outflow of black iron coins. Therefore, the Mint Bureau was asked to produce a large number of black iron coins, and soon there were more black iron coins on the market.
But within a few days, the black iron coin disappeared again, and Thorin urgently printed the black iron coin, and now he is doing arms trade with the nobles, so he can't be careless. After a few days, the black iron coins on the market disappeared again, like water flowing onto the sand.
This was strange, and Thorin sent someone to investigate. It was discovered that the merchants of Nolan were playing demons again, and they could get great benefits with black iron coins. Thorin thought for a long time but still didn't understand the purpose of this move, so he had to give up, his most important thing now was to make a profit from the arms trade and redeem the important facilities in Ortunno. But the Nolan merchant was hugged, he didn't know what to do, how could he care about the matter of the black iron coin. It's not easy to pay attention to it.
And so an invisible catastrophe happened right under his nose.
Soon there was another popular way to play on the market, one silver coin can be exchanged for four black iron coins, and the previous 3.2 black iron coins can be exchanged for one silver coin. The inhabitants of Ortuno contrasted and found themselves earned. They took out the copper, silver and gold coins in their hands, and there were not a few people who took their own jewelry to cast gold. This time, the Mint found that there were fewer copper, silver and gold coins on the market, so they distributed these coins in large quantities and collected black iron coins at the same time. In their opinion, it is nothing more than two hands, just go back and wait for the black iron coins to decrease, and then distribute the hoarded coins.
But this time the situation is different, the mint found that its own inventory has been low, and has not yet found a trend of reducing the three currencies in the market.
Hurriedly reported, but unfortunately it was too late.
Suddenly, all the merchants announced that they would not use black iron coins, only copper, silver, and gold coins, and there would be no discounts! But now Ortuno no longer has many copper, gold and silver coins, only black iron coins, for a time the black iron coins have fallen, the ratio of silver coins to black iron coins from one to four, rose to one to ten, and there is no trend of slowing down. This is directly reflected in the market transactions in Ortunno, where not only the merchants of Nolan, but also the merchants of Ortuno do not use Black Iron Coins. In their daily purchases, the dwarves of Ortunno found that they could not buy a single cabbage even if they took out two hundred black iron coins. Everyone disagrees with Black Iron. The Mint also found out about it, but they were also powerless. Even if Ortuno had a large copper-silver-gold mine, it would not be able to replenish it in a short period of time. The situation is out of control!
"Gold exchange?"
Thorin was puzzled by the noble envoy's request.
"Didn't you always use black iron coins before?"
The director of the Mint Bureau had not yet arrived to tell Thorin about the inflation, in fact, he had not yet understood the depreciation of the black iron coins, and in his opinion the gold coins would flow back to the market sooner or later.
The noble envoy was surprised to see Thorin's suspicious expression, didn't Thorin know that the black iron coins on the market had long since lost their value?
"Your Excellency Thorin, I need to remind you that the value of the Black Iron Coin is depreciating so much that it is impossible for us to receive it."
"Depreciation?"
Thorin's brow furrowed even tighter.
"That's a popular saying lately....."
Thorin was furious.
Bang~
The table was slammed, and the water glasses were knocked down, making the table full of water stains. But no one cares.
"Call me the director of the Mint!"
Thorin almost yelled.
The director of the Mint was immediately summoned, and on the way he heard the reason. Immediately, his face turned pale, Thorin was notoriously strict, and some time ago, several censors were immediately pulled out and beheaded because of the benefits of receiving points. Now that Thorin summoned himself in the middle of the night, he can still say that he is upright, can he not panic.
Soon the head of the Mint Bureau saw Thorin with an angry look in his eyes.
"Why don't you report this, if it's not for the envoy from the nobles, how long are you going to hide it from me? I still need an outsider to tell me what's going on in Ortunno! What do I want you fool for! ”
The director of the Mint Bureau knelt on the ground and shivered, cold sweat streaming down his forehead. Explained with difficulty.
"Lord Thorin, I have reported this matter."
Soling smashed the documents on the desktop into the head of the mint.
"You come and look, you see where you reported? If you can't find it, you have a coffin ready! ”
The director of the Mint Bureau hurriedly collected the documents scattered all over the place, tried to restrain the trembling of his fingers, and began to search in earnest. Thorin was even more angry when he saw the panicked director of the Mint. How did he let this stupid bag hold such an important position in the first place? In fact, the director of the Mint Bureau in Ortuno has little will to power, and it is not up to him to decide how much money to send, he only has the power to supervise, and the specific operation still has to be listened to above. It's only recently that Thorin has been doing a lot of things that has allowed him to take over some of the power.
"Found it."
As if grasping at a straw, the director of the Mint clutched a piece of paper in his hand and crawled up to Thorrin.
"This is it."
Thorin pressed his anger and looked up.
There is indeed a sentence on this piece of paper that the black iron coins on the market have depreciated a lot recently, and the exchange rate of silver coins and black iron coins has reached 1:100. But then again, but I think after a while the copper, silver, and gold coins will come back to the market, and the exchange rate will come down again.
Thorin immediately tore the paper to shreds, looking at the director of the Mint who was kneeling on the ground with a look of happiness for the rest of his life, and wished to chop him up now.
"Someone! Pull this stupid pig out and cut it down! ”
Before the director of the mint could make a defense, he was pulled out by the guards at the door.
Soling pressed his eyebrows and calmed down, thinking about how to solve the current situation.
"Call me the noble messenger."
After tidying up the office, Thorin put on a smile again. He could not show his stuffing in front of the messenger.
"Duke Langton, please be seated."
Thorin said politely, not showing that he was just excited.
Duke Langton had a vague smile on his face, he didn't plan to rest just now, just waited for Thorin to call him. Now the situation in Ortuno is clear, and the support of copper, gold and silver coins continues. And the only people who can support Ortunno are nobles besides Wayne. Now this situation is caused by Wayne, and it will definitely not help. All the Duke Langton had been waiting for Thorin to come and ask him. At the same time, he lamented Thorin's ability to be moody. I can't see the anxiety in my heart at all.
"I wonder if Lord Thorin is in a hurry to call me so late?"
Duke Langton asked first.
Thorin said calmly.
"I think that in the future, the arms trade will use black iron coins, and you will use copper, silver and gold coins. Of course, I will give some discounts. ”