I don't know when it began, a rumor that the Duchy of Moxi was bankrupt and the Alpha Kingdom defaulted on its debts spread all over the mainland.

Around the same time, the number of people who sold the bonds of the two countries suddenly increased. High-interest bonds, which originally had a premium, are now also selling in tears.

Under the influence of panic, more and more people believe in rumors. The more bond prices fall, the less people will take over.

Under the leadership of well-intentioned people, countless bondholders have asked the governments of the two countries to make payments in advance.

Looking at the reports sent back by the envoys stationed abroad, Caesar IV's hair fell out a lot.

Before ascending to the throne, he longed for power; It was only after taking this position that he realized the difficulty of being a king.

Deal with it yourself, it's tiring; Delegated power to his subordinates, and worried about the loss of power.

"This is a message from all over the world, and if this matter is not handled well, there will be a big run on the bonds we issue internationally.

Today, we are here to discuss how to avoid this bond run. ”

As he spoke, Caesar IV handed out a thick stack of papers in his hand to everyone.

The above content is all the same, nothing more than from different places, just read a copy casually.

After a general sweep, everyone's faces became gloomy. It is clear that the reality is even more serious than Caesar IV said.

"Your Majesty, I'm afraid the bond run can't be stopped. This kind of rumor appeared in various parts of the mainland at the same time, and it is obvious that someone is secretly manipulating it.

The enemy is prepared, and it is certainly not something that we can defuse by coming out and explaining a few words.

Now we must prepare for the worst and try to avoid the kingdom going bankrupt in a run. ”

The Grand Duke of Newfoundland said with a bitter face.

There is no doubt that the bankruptcy he calls is a bankruptcy of government credibility, not a financial bankruptcy.

Once the mass run breaks out, there is only one thing the Alpha Kingdom can do - lie flat.

No money is no money, even if you smash the pot and sell iron, you can't scrape together enough funds in a short time.

The nobility of the country could not be counted on either, and the petty nobles had died of poverty. The great nobles are still working hard to prepare for war, and it is impossible to take out the last of their family funds to fill the hole for the kingdom.

Since it is destined to not pay back the money, then simply not pay it back. Relying on these debts, the Alpha Kingdom's finances were immediately resurrected.

The benefits are visible, but the consequences are terrible.

If you encounter trouble in the future, if you want to borrow money, you must have no hope.

What is even more troublesome is that the country's credibility is gone, and political and diplomatic activities will be affected.

The hatred of the creditors is also a big trouble.

The one who can come up with the money to buy war bonds is not a little leek.

The big nobles transferred the risk, and the small and medium-sized nobles who lagged behind in information not only did not run away, but acted as pick-up heroes.

They are also the ruling class, at least at the local level, and they have a certain amount of influence.

The hatred of one or two is nothing, and the hatred of a group of people can also affect the political position of the country in which it is located.

"Isn't there a way to deal with it?"

Caesar IV asked unwillingly.

"Your Majesty, the total debts of the kingdom are more than nine hundred and six million gold coins. This includes inter-state borrowing and the bonds we issue.

Among them, the domestic debt is about 36 million, and there is no need to worry too much about this part for the time being, the nobles will not be stupid to stab at such a time, and what needs to be solved is the international debt.

If the deal between us and the Kingdom of Hesse is successfully concluded, it is estimated that we will be able to reduce 16 million ~ 18 million gold coins.

Optimistically, it will be calculated according to 4,200 gold coins. Of this, the war bond accounted for about 30 million gold coins.

Under normal circumstances, the bonds of 30 million gold coins will not all come to us at once.

However, this time it is obvious that someone is secretly manipulating, and it cannot be judged according to normal economic laws.

When the time comes, the war bonds circulating within the kingdom may also be diverted and appear in the run.

How much cash we need to prepare depends not only on us, but also on the Duchy of Moxi next door.

If they can withstand the shock, with the transmission of faith, we can prepare 8 million gold coins to calm the turmoil.

But the Mossi have long since embarked on the path of borrowing the new to repay the old, and I am afraid that as soon as the run on the tide breaks out, they will fall.

When the panic is superimposed, even if you prepare 30 million gold coins, you may not be able to withstand the impact.

If we don't do it, governments will jump out and stab us and collect debts in advance. ”

The data does not lie, and the words of the Marquis of Delgado completely broke Caesar IV's thoughts.

Eight million gold coins, everyone can still find a way to make up. Thirty million gold coins, then don't think about it, the Alpha Kingdom is not so rich.

Perhaps thinking that what he had just said was too absolute, after a moment of hesitation, the Marquis delgado added:

"Your Majesty, there is still a way, but the consequences are a little big, and the gains may even outweigh the losses.

If we acquiesce to the Kingdom of Dante and the Kingdom of the South Bank to annex the Kingdom of Grinteb and the Kingdom of Nadal in the north, we will probably be able to repay 10 million gold coins less.

If you go further, acquiesce in the annexation of the Kingdom of Oprus by the Franks, the annexation of the Kingdom of Variby by the Kingdom of Ibarath, and the invasion of the Kingdom of Turan by the Holy See......

If the ambitions of all countries on the continent are satisfied, then our debt problem will no longer be a problem. ”

There is no problem, the debt problem does not exist in this way, and it is all transformed into a national defense problem.

In less than ten years, the continent of Aslant will transition to the era of "competition for supremacy". If you are lucky, the Alpha Kingdom can become one of the overlords, and if you are unlucky, you will die halfway.

"Marquis Delgado, you're thinking too simply. Not to mention the sequelae of doing this, the acquiescence of the Kingdom of Light is not as valuable as you think.

In the Northern Continent, we do have a lot of right to speak, but in other parts of the continent, it's just like that.

Unless it is the banner that stands up to support them, there may be some possibility, but there is not much hope.

Rather than a dispensable support, people prefer to exclude a competitor first. ”

Count Francis said with a solemn expression.

As long as you are engaged in diplomacy, you will know how unfavorable the current international situation is for the Alpha Kingdom.

This debt crisis seems to be planned by someone, but is it not the result of the conspiracy of various countries?

If there are no major powers acquiescing, who has the ability to launch it together on the whole continent!

……

Compared with the entanglement of the Alpha Kingdom, the Duchy of Moxi, which is also in a deep debt crisis, is another scene.

In the back garden of the palace, King George was leisurely making tea and chatting with a group of princes and ministers, without the slightest hint of nervousness.

"Find out who is targeting the principality?"

George asked calmly.

After a series of behind-the-scenes manipulations, the Principality of Moxi has secretly settled most of its debts by "inheriting knowledge and repaying debts with special cultivation resources".

The current run is just a deliberate play to hide people's eyes.

After all, this kind of transaction of theirs has broken the unspoken rules of the moment.

It takes time for theoretical knowledge to be translated into strength, and the minor nobles involved in the transaction need to be kept secret more than the Duchy of Moxi.

Once the news leaks out, the Principality of Moxi will certainly be suppressed by all parties, but these traders will usher in a catastrophe.

If it weren't for the discovery that someone was secretly plotting, King George, who ate melons and watched the play, would not have bothered to pay attention to these disputes.

"Your Majesty, all the direct clues have been broken. However, according to the nobles who traded with us, the mysterious person who found them may be from the Holy See.

Based on the analysis of various data, the main target of their operation this time is the Alpha Kingdom, and we are just their pawns against the Alpha Person.

These guys are trying to crush the principality's finances with a run on bonds and force us to default on our debts, thus triggering a larger panic and igniting a huge debt thunderstorm in the Alpha Kingdom.

It's a pity that these people didn't expect that the principality had already settled the debt problem. Now, even if it sets off a big wave, it is doomed to be useless.

If the finances of the Principality do not collapse, everyone's confidence in the Alpha Kingdom will not be shaken.

After all, on the bright side, the financial situation of the Alpha Kingdom is much stronger than ours! ”

Count Renato gloated.

Apparently, even in the absence of conclusive evidence, he believed that the Holy See was behind it.

Regardless of the reason, Count Renato could not raise the slightest favor to the Holy See who wanted to push them to the abyss of hell.

It is also a pleasure to be able to afford to provoke such a behemoth as the Holy See, and to be able to watch them fail in their plans and eat deflated.

"Sure enough, it's the Holy See!

I don't know what the Alpha Kingdom has done, but it can make the Holy See hate it to the core, and it does not hesitate to make such a big move.

If I'm not mistaken, just this crazy suppression of bond prices, they will have to lose at least hundreds of thousands of gold coins.

But this is also good, if the Holy See causes chaos in the Alpha Kingdom, the alliance between our two countries will be stronger.

The three central kingdoms are ready to move, the northward trend is unstoppable, the principality still needs time to recover, and now it needs the Alfa to be in front.

A copy of the information found was given to Caesar IV. By the way, tell them: the whole of the principality is united at this moment, and all the nobles will jointly deal with the crisis, and it will not be so easy to be crushed. ”

George said with a frown.

It is difficult for a good woman to cook without rice.

Seeing the opportunity coming to his door, limited by the lack of strength of the Principality of Moxi, he could only choose to restrain his ambitions.

……

The mountain territory, Hudson was welcoming the opening of the canal, imagining the next economic development of the territory, and received a blow to the head.

The boiling debt turmoil swept through the Alpha Kingdom, and it seemed that the whole world knew the news overnight.

Anyone with a modicum of political acumen knows what to expect next in the event of a run.

The bonds in hand are reduced to waste paper, and the key is the political and economic impact.

Political crisis, Hudson has not bothered to think about it. When the sky fell, the tall man stood on top first, and let the king and the ministers go to worry.

However, economic problems cannot be avoided.

It is not easy to open up the grassland seven countries market, and if it is not good, it will be closed directly, even if it can be kept, the price paid will not be small.

The next marine strategy must also be readjusted. International trade is not thinking about it for the time being, and in the next few years, it is better to do domestic trade with peace of mind!

The emerging aristocracy is so hard, and the slightest disturbance can cause a major impact.

If it were replaced by a deep-rooted old aristocracy, he would definitely not be so flustered.

Take the Dalton family as an example, they are also doing international trade, and they are not afraid of this kind of turmoil.

As far as Hudson knows, they have regular partners in many countries on the mainland.

There are not a few marriages between each other, and everyone has long established a community of interests.

Don't say it's political fluctuations, even if two countries go to war, it won't affect them to continue doing business.

……

"Count, Mr. José has entered the territory. Because of the family accompanying him, he is expected to arrive at the Lord's Mansion in five days. ”

Tom's words made Hudson's face much less sad. After planning for so long, I finally succeeded in poaching.

(End of chapter)