In addition to the need for a large amount of money to promote development in the Near East, the main reason is that the southeastern provinces have been the hardest hit by the kingdom's previous money shortages.

The land was fertile, suitable for agricultural production, and far from the battlefield, and the southeastern provinces surpassed the central region a hundred years ago to become the most economically developed regions in the kingdom.

Economic prosperity often means that there is a high demand for money. However, the kingdom did not have the ability to put enough currency into the southeast, and it did not even have the idea of this.

In the face of the "money shortage", the only strong measure taken by the kingdom was to allow the local nobles to use in-kind compensation when collecting taxes.

The rest, then leave it to time to naturally smooth out the wounds. Anyway, as long as the war is over, the kingdom's dependence on the outside world will be reduced.

The sharp decline in the volume of import trade and the continuous outflow of gold and silver will gradually change.

Through mining and trade with the Orc Empire, the amount of currency circulating in the market will slowly increase until the "money shortage" crisis is overcome.

As for the economic pain experienced in this process, there is no good way to solve it, so we can only resist the past.

Rubbing his forehead, Hudson was also embarrassed. Theoretically, there is a "money shortage", as long as the money supply is increased.

Unfortunately, this theory is not feasible in the continent of Aslante. Under the gold and silver monetary system, it is difficult to increase the money supply in a short period of time.

"Paper money", just think about it.

Under the existing basic conditions, if the Alpha Kingdom dares to be the first in the world - to issue paper money, it will immediately be taught by the market to be a man.

Changing the monetary system, unlike the gold bills issued by the Near East Development Bank before, requires very strong credibility.

The value of paper money will not be recognized internationally, and the nobility within the kingdom will most likely not accept "paper money" instead of gold and silver.

There is really no money, and it is easier to accept than "paper money" to take rusty iron coins to make charges.

Compared with paper money, the gold bills issued by the Development Bank of the Near East were just a small fight by Hudson. A total of hundreds of thousands have been printed, and not all of them have been released.

In the eyes of the outside world, this thing is just an anonymous certificate of deposit, not a currency at all.

The top chambers of commerce all have their own commercial bills, which are nothing more than different names. Those linked to gold coins are called gold tickets, and those linked to silver coins are called silver tickets.

Without exception, these notes are all very small in circulation. It can only be used in some areas and has significant limitations.

Hudson's golden ticket, if it is not linked to the commodity trading of the territory, it is estimated that even dogs will dislike it.

In the eyes of the outside world, this thing was made by Hudson to facilitate trading. It can be used in the fiefdom of Master Ha, and leaving here is waste paper.

In order for this thing to replace gold coins and become the mainstream currency in the market, it is estimated that Hudson must destroy the orc empire and establish a human empire of his own.

"The shortage of money has become a foregone conclusion. And this situation will continue for many years, how is the Ministry of Government prepared to deal with it? ”

Hudson asked with concern.

If the change of the monetary system is too advanced, it can only be solved in a primitive way. In this respect, Hudson is not necessarily comparable to a native territorial officer.

"Lord Duke, the money shortage is at the kingdom level, and you are not short of money personally.

Counting the income from magic potions, our money is actually a net inflow. It's just that the stalls are too big, and there is a shortage of money in the short term.

At present, there are two most suitable solutions:

1. Reduce external procurement, engage in barter internally, supplemented by golden bills as a means of payment;

2. Bringing in funds from the outside world.

The first option is the most common measure.

As early as half a year ago, many places in the southeastern provinces began bartering.

At that time, the Snow Moon Territory was just starting, and the Mountain Territory was basically self-sufficient, and the daily trade volume was not large, and we were not affected by the money shortage.

It was only recently that the smuggling trade flourished, and the trade volume of the Crescent Port soared, that there were signs of a money shortage.

As long as we buy fewer slaves and promote the golden ticket settlement system, the money shortage crisis can be contained.

However, the sequelae are also very serious, slaves are an important supplement to the labor force of the territory, and if it is stopped suddenly, it will slow down the development of the territory.

The second option, which seems simple, is actually very difficult to operate.

It's easy for money to flow out, but everyone has no experience in how to bring in money.

There is only one thing that the Ministry of Administration can do: you can sell future magic potions in advance and get a cash back.

However, this cash can only solve the urgent need, and the shortage of money is a crisis for the whole kingdom, and we cannot be immune from it.

If you want to calm this crisis, I am afraid that you will have to invest tens of millions of gold coins in the market to solve the problem.

Such a huge funding gap is not something that we can raise alone. ”

After listening to Jacob's explanation, Hudson nodded slightly. Both of these ways solve the problem, but neither is what he wants.

If there was no threat from the orcs, Hudson would definitely choose the first way, stability is the most important, and the development speed is slower.

"It's not realistic to sell magic potions in advance, and pre-orders are waiting for a few years.

A large number of magic potion masters outside are researching, and no one can say how long the monopoly can be maintained.

As soon as substitutes appear, prices are bound to plummet.

It's hard to sell something you're not sure about, and it's hard to get a good price, and there's a chance that the outside world thinks I'm out of money.

The Development Bank of the Near East is just on the right track, and such news must not break out.

Invite the major chambers of commerce for me, and just say that I have a big deal to talk to them! ”

Hudson said without changing his face.

……

Emerald Palace. The same troubles were felt even more deeply by Caesar IV.

The "money shortage" crisis spread further, affecting not only the financial revenue of the kingdom, but also the development progress of the royal family.

The stalls are all paved, and there is no reason to take them back temporarily.

The internal contradictions of the Alpha Kingdom tend to ease, but it does not mean that there are no more. The strife between the royal family and the great nobles has never been broken.

Either the east wind overpowers the west wind, or the west wind overpowers the east wind.

The political struggle for power has never stopped.

Whichever side it is, as long as it shows a tendency of decadence, it will trigger a new round of political struggle.

Especially in the previous actions, Caesar IV's behavior of eating alone also offended the great nobles of the kingdom all over again.

Affected by this, even the operation against the five nobles of the Northland ended in failure.

Evidence is useless, and politics is never about evidence.

The five major families of the Northland do pull hatred, but everyone is more worried about the twelve provinces of the royal family being connected.

Out of the need to limit the royal power, everyone tacitly chose to pretend to be deaf and dumb, and turned a blind eye to the felonies committed by the nobles of the Northlands before.

Even if it was mentioned in the court, it was still rejected. The reason is very simple: the first five dukes committed suicide in fear of sin, and the kingdom has already dealt with it.

These are all facts, and the black materials of the Northland nobles in the hands of the royal family are basically the previous and the last ...... The pot of the five dukes.

The current five dukes of the Northland have a lot of hatred, but they really haven't committed the felony of anger and resentment.

It's useless to grab the handle, and a few crimes are just tickles for the big nobles.

The final result was a fine imposed on the nobles of the Northlands.

Of course, as the price of escaping punishment, the five major families did not pay less in private.

It is only a matter of time before the development progress of the royal family is affected. Caesar IV was still young, and there was time to spend on it.

However, the sharp decline in fiscal revenue is an urgent problem that needs to be solved.

……

"Bastard!

What do these nobles eat?

When the tax was included, they promised to be good, and now they suddenly play this game for me, what do they want to do? ”

Caesar IV's questioning made the ministers very embarrassed.

The biggest feature of the tax package system is stability. No matter how taxes are levied, what profits and losses are, anyway, the share that is handed over to the kingdom cannot be less.

Now one by one they are crying and shouting for tax cuts, which, in the eyes of Caesar IV, is a provocation to the royal government.

After all, when I made money, I didn't see these people pay more than one point.

It is originally a transaction, so it is natural to be responsible for its own profits and losses. If you can't make money, it's your own, and if you lose money, let the kingdom take care of it.

If this precedent is set, the future of the kingdom will not be able to live.

"Your Majesty, the people who are now asking for a postponement or reduction of taxes are all some small and medium-sized nobles.

The kingdom has been fighting for many years, and now it is experiencing a shortage of money, and a large number of goods cannot be sold, and their finances are indeed in trouble.

Due to the shortage of money, prices in various parts of the kingdom generally fell. Even if the kingdom were to receive a physical payment, they would have to come up with more than ever.

Factoring in the loss during the midway transportation process, the burden is indeed a bit heavy. If it is forcibly expropriated, it is likely to cause them to go bankrupt. ”

The Prime Minister of Newfoundland said objectively.

The small and medium-sized aristocracy is an important part of the royal family's checks and balances on the big nobles, although with the advent of the era of great annexation, the effect that can be played is getting smaller and smaller, and that is better than nothing.

If it weren't for these people, the control of the great nobles over the place would definitely go up a few steps. When the time comes, it will be a kingdom within a country, and it will be extremely difficult for the kingdom to interfere in local affairs.

Taking history as a mirror, several empire collapses in history began with the growth of local nobles.

In order to suppress the big nobles, the royal family also broke their hearts.

It is necessary to reuse and beware of it, but it is a very test of the means of scheming.

"Prime Minister, you have been deceived by the people below. Difficulties are true, but bankruptcy is not.

In order to smoothly collect the autumn tax, our Ministry of Finance has specially sent people to investigate in various places.

This year, the wind and rain are good, and the kingdom has ushered in a bumper harvest, and the autumn grain will be put into storage soon.

The tax collected by the kingdom is at most one-tenth of what it produces. What is really affected is the local commercial tax, but they can also collect in kind, where to the point of bankruptcy.

Most of them are the local nobles, who are starting to be restless again, and deliberately come out to test us.

Since everyone is suffering from a shortage of money in various places, let them choose their own way of paying taxes, whether it is to use autumn grain, cloth and other materials to offset taxes, or to send gold coins directly, our Ministry of Finance recognizes.

These materials did not have to be transported to the royal capital, and they were directly sent to the front line in the Near East. It is just used to repair the defense line, saving the kingdom from investing in procurement! ”

Marquis Delgado hurriedly retorted.

As a hard-pressed chancellor of the exchequer, careful thinking is a must-have skill.

With the current financial situation of the kingdom, the precedent of reducing taxes due to "money shortage" is absolutely impossible.

Otherwise, the crisis of "money shortage" in various places will immediately be magnified tenfold. In the face of interests, it is difficult for people to remain rational.

Under normal circumstances, the "money shortage" crisis can be repaired slowly by relying on the market to self-regulate.

If you add a man-made disaster, everything will be different. No one knows what the nobles can do when they are stupid.

"The issue of autumn tax must not be overlooked. However, the problem of money shortage has also come to be solved.

If the great nobles of the kingdom work together to put a batch of currency on the market, is it possible to quell this crisis? ”

Caesar IV asked with concern.

Fortunately, the Alpha Kingdom is a traditional agricultural country, and industry and commerce are not very developed, otherwise the destructive power of the "money shortage" will be even greater.

In this regard, Caesar IV was still very pragmatic. When you find a problem, you need to solve it.

"Your Majesty, there is no precedent for success. Theoretically, as long as enough money is put in, it will be possible to weather the crisis.

But the problem is that no one knows how big the monetary gap is.

Among the great nobles of the kingdom, except for a few families who have invested heavily in the development of northern Xinjiang and the Near East, and have the need to buy materials, the others do not know what to buy even if they are willing to put money.

If there is money in the treasury, the government can use the purchase and storage of strategic materials to put money on the market.

Unfortunately, the kingdom has limited financial resources and is unable to purchase supplies on a large scale. Now we can only wait for the money shortage crisis to further expand and bring down the price of goods in the kingdom.

When prices fall to a certain extent, those big chambers of commerce will take action and sweep the market.

In this process, incremental money flowed into the market, and the money shortage crisis slowly passed. ”

The Prime Minister, the Archduke of Newfoundland, replied helplessly.

Regardless of the world, the crisis is a new harvest period. It seems to be an economic law, but in fact it is more of a man-made disaster.

International capital is sharpening its knives, and the domestic aristocracy is also ready to move. They all want to make a big profit in the "money shortage" crisis.

If the royal government intervenes with forceful measures, it will cut off the financial routes of these people and their own financial routes. Essentially, the people present are also members of vested interests.

Having received a definite answer, Caesar IV sighed. Obviously, it is impossible to expect the great nobles to work together to quell the money shortage crisis.

No amount of measures is introduced, after all, government decrees need to be enforced. Decrees that touch the interests of interest groups can't get out of the Emerald Palace.

On this issue, Caesar IV could not find a collaborator. Even within the royal family, there are many people who want to participate in this feast.

In a short period of time, the money shortage affected the development of the royal family. But when deflation occurs, prices will fall, and the cost of developing their territory will also decrease.

What does the shrinking market and the depression of commercial trade have to do with them?

The real victims are none other than the harvested middle and small nobles and the nascent industrial and commercial manufacturers and craftsmen.

……

Time passed day by day, and with the opening of the autumn harvest, the money shortage crisis in the market became more and more severe.

Southeastern Province.

With the blessing of the Lord of Dawn, more than a dozen sunny days have been ushered in in a row, and the autumn harvest has been successfully completed.

Looking at the grain drying field full of grain, Baron Ezekil, as the owner of the grain, couldn't be happy at the moment.

The grain has been harvested, and the grain is unsalable. At this time of the year in previous years, grain merchants had already rushed over to buy it.

Unfortunately, this year's situation was different, and Baron Ezekiel contacted several grain merchants who knew each other, but none of them were willing to buy it.

It's not that no one wants food anymore, it's that those who want it don't have enough cash in their pockets.

If you want to sell food, you can, but you have to barter.

This is a bitter Baron Ezekiel, the territory is basically self-sufficient, so much food is bartered, what can he exchange for?

What's more, even if you have something you want to change, you have to be short of food. The biggest disadvantage of bartering is that everyone's needs must be complementary to each other in order to be able to make a deal.

The steward commanded him to go down and build five more granaries. No one came to buy it, so it was stored for Lao Tzu! ”

Baron Ezekiel said ruthlessly.

"Sir, it's easy to build a granary. It's just that if these grains are stored, I'm afraid there will be a lot of discounts in the future. ”

The old butler reminded.

The same is grain, old grain is not as valuable as new grain. Even if it is only piled up in the warehouse for a few months, and then sold to grain merchants, it will be discounted by one or two percent.

Even if the grain is sold later, the income of the territory this year will shrink significantly. Some unnecessary expenses, I am afraid that I can only choose to cut them down.

Gritting his teeth and stomping his foot, Baron Ezekiel added: "Prepare like this!

I went to a few nearby cities to see if I could find new buyers. Even if the price is lower, sell it.

According to the current market situation, I am afraid that the price of grain will continue to fall in the future! ”

……

Similar scenes are constantly playing out in different regions of the Alpha Kingdom. Countless noble lords, in this harvest season, suffered from "melancholia".

Emotional transmission is usually amplified. Affected by the "money shortage" crisis, many people who hold cash have become more cautious at the moment.

In particular, businessmen who are sensitive to the market react the most violently. One by one, they all tacitly chose to hold the currency and wait and see, even though the prices of many commodities have begun to fall, everyone is still unmoved.

The mountain collar branch suddenly became lively. The market lacked cash flow, and the banks' lending business suddenly improved.

In the face of the surging business volume, Rudolph rushed back directly from Xueyue Ling and personally took charge of the overall situation.

(End of chapter)