Patrolling the disaster all the way, the bear child never smiled. Hudson suffered heavy losses after this wave of natural disasters, and Bear Stearns's losses were not much smaller.

Because most of the territory is in the downstream zone, the rolling flood swept down, whether it is a bear pasture or a bear farm, all of them have become a flooded country.

Descending from the sky, you can also see busy crowds of people braving the rain to harvest the wheat soaked in the water.

In the agricultural era, no matter how serious the reduction in production was, as long as the grain in the field was ripe, there was no reason not to take it back.

The situation on the ranch side was not much better, the livestock were rescued, but due to the continuous heavy rain, the stored forage was no longer enough, so they chose to slaughter the livestock.

Looking at his own milk source, being slaughtered and made into jerky, Bear Stearns' mood couldn't be better.

On the contrary, Maxim on the side, who was in a very good mood at the moment, unscrupulously looked at Hudson and Bear Stearns' jokes.

Investment is risky, and you need to be cautious when entering the market.

Agriculture has never been a quick money-making industry, and natural disasters have not only reduced grain production, but also forced many water conservancy projects to be rebuilt.

This year's wave of losses alone will require Hudson and Bear Stearns to work hard for several years before they can make up for the losses.

In contrast, Maxim's trading is more lucrative and risk-free.

In estrus, after a period of confusion, millions of gold coins were credited to the account.

Purely based on the income from farming, in the case of good wind and rain, the mountain collar has to work for several years.

Earn money from your waist, and Maxim has this ability, and others can't envy it at all.

Hudson's heart was bleeding as he watched the losses continue to count. According to the estimates of the agricultural department, at most 40 percent of this year's autumn grain can be preserved in the mountain areas.

Hudson can also accept a simple one-season grain cut.

After all, their own territory was carved out of a swamp and had always been a land of abundant rain. It is also normal for the damage to be greater in the event of a flood.

Troublesome is the post-disaster reconstruction work, with tens of thousands of houses to be rebuilt and several water conservancy projects to be overhauled, including more than a dozen water conservancy projects that have been devastated.

The loss of roads and bridges is also not a few.

In addition to this, the problem of soil erosion in the mining area has also been exposed.

Everything costs money. The exact extent of the damage will not be known until the rainstorm is over.

The only consolation is that Hudson is not the only unlucky one, most of Yaslant has suffered natural disasters, but it is presented in a different way.

……

In the Emerald Palace, Caesar IV is busy making personnel adjustments at the moment. Having learned the lesson of the tragedy of the Falcon royal family, he decided to replace all the palace guards and city guards with "his own people".

The strongest fortress is always breached from within.

The Falcon Kingdom is a good example, and the rebels were able to quickly take the royal capital, because some of the city guards were also involved in the rebellion.

The palace quickly fell, and the new nobles in the palace guard, who were also in the palace, joined forces and opened the palace gates to let the enemy in.

The biggest feature of the aristocratic infighting is that they know the current affairs, and when they see that the general trend has gone, the remaining city guards and palace guards are too lazy to resist.

Only a few diehards of the royal family really fought until the last moment.

By the time Henry V realized the problem, it was already too late, and he could only let the royal master who guarded him take him away.

It's a pity that his life is not good, just after the royal master was entangled by the rebels, Henry V did not leave the palace, and he died directly.

With the lessons of the past, Caesar IV also became cautious when employing people.

The situation of the palace guard was fine, in the time of Caesar III only royal cronies were recruited, and ordinary local nobles did not have the opportunity to enter at all.

The situation of the city guards is complicated, it has always been a gilded place for the children of nobles, and the relationships inside are intricate.

Even if you are a king, Caesar IV has nothing to do with the city guards for a while, so he can only keep exchanging blood.

"This is a disaster report from all over the country, and so far, 13 provinces have asked for tax reductions and allocating disaster relief funds!"

The words of the Prime Minister, the Archduke of Newfoundland, pulled Caesar IV out of the power struggle.

The replacement can be carried out at any time, and no nobles will rebel in a short time, but the disaster is imminent.

took over the public relations, a few thin pages, but it seemed to be as heavy as a thousand pounds.

Although only thirteen provinces have requested tax relief and allocated disaster relief funds, there are currently only more than 20 provinces in the kingdom that need to pay taxes in full.

The rest is either completely tax-free or symbolically handsome.

To make matters worse, the thirteen provinces, most of which are located in the south-central part of the kingdom, are the financial and tax centers of the Alpha Kingdom.

If their taxes had been forgiven, the kingdom would not have had a good time.

In the agrarian era, governments relied on taxes to be surprisingly high.

With a financial gap of tens of millions of gold coins, what can be used to fill the hole?

Carefully examining the report, Caesar IV was surprised to find that many royal lords were also in the disaster area.

Vaguely, he remembered the official document sent by the palace minister a few days ago. It's just that I was busy with personnel adjustments and didn't deal with it in time.

Refusing it directly seems too impersonal.

In the year of the catastrophe, the royal government did not say anything, and it could not be justified.

It's even more impossible to promise!

The tax cuts alone would have taken a heavy toll on the Kingdom's finances, not to mention the allocation of disaster relief funds.

What's more, the area affected by the disaster this time is so wide, and the request of these thirteen provinces has been agreed, and most of the other provinces will follow suit.

Such a hole in funds can bankrupt the kingdom's finances.

"Marquis Delgado, what do you think about this?"

Caesar IV asked the Chancellor of the Exchequer.

If it is inconvenient for you to be a villain, then you can only push the Chancellor of the Exchequer to the top cylinder. Anyway, in the past, most of the projects about money were vetoed, and most of them were done by the Ministry of Finance.

The number of times people have been offended, but everyone doesn't care much.

After all, it's a well-known thing how bad the kingdom's finances are.

"Your Majesty, this matter is still a bit complicated.

The scope of this disaster is so wide that it is rare to see it in hundreds of years.

It stands to reason that the royal government should reduce taxes and provide assistance to the local nobility.

Why don't we have money financially now, we are more than enough, but not enough! ”

Marquis Delgado politely refused.

Language arts can't change the final result, and no money is always the biggest killer.

Among the ministers of the kingdom, the one who was the least afraid to go home was the Marquis Delgado.

Everyone knows that this is a mess, and no matter who is in charge of the work, they are all tearing down the east wall and repairing the west wall.

The worst thing is to compare with your ex, and if you are not careful, you will be infamy.

In the unlikely event that the Kingdom's finances are really bankrupt during his tenure, the Chancellor of the Exchequer is the biggest bearer.

If you don't do it, you will have to borrow someone to use it to calm the anger of the people.

Among the great nobles, no one was interested in this hot position at all. There were some among the small and medium-sized nobles who were eager to try, but no one dared to let them go.

After all, in the eyes of a number of vested interests, putting a fool in the position of chancellor of the exchequer is the greatest irresponsibility to the kingdom.

"Prime Minister, what do you think?"

Caesar IV continued to ask.

Looking at the king who was lifted up by his own hands, the emperor's art became more and more proficient, and the Archduke of Newfoundland was also mixed.

For the royal family, the better the king, the better; But for the prime minister, it's the opposite.

After all, royal power and relative power are inherently opposites and unity. Whenever the king is strong, the power of the prime minister is inevitably weakened.

However, the Grand Duke of Newfoundland is also highly meritorious, and his influence in the court is very great, and it is not something that Caesar IV can suppress if he wants to.

The mature application of the king's imperial technique actually marks that his departure is not far off.

"Your Majesty, do everything according to your ability!

In my view, taxes should be reduced and exempted as appropriate within the limits of fiscal means.

Disaster relief funds can also be distributed according to the actual situation. ”

The answer of the Prime Minister Archduke of Newfoundland was a little muddy, but for the current Alpha Kingdom, this is already the best choice.

The biggest advantage of the tax package system is that no matter what happens, there are people who pay the tax.

The Royal Government may choose to reduce taxes, but is not obliged to reduce taxes.

Symbolically giving a little is actually taking care of the face of all parties.

Caesar IV frowned slightly, obviously this was not the answer he wanted.

If possible, he prefers to use this as an opportunity to push for the reform of the kingdom's tax system.

Unfortunately, the Prime Minister did not understand what he meant. Or rather, I thought about it, but I didn't want to cooperate with his actions.

There is no strong support within the government, and the wishful thinking of the Ministry of Finance alone, coupled with the support of him as a king, the probability of success is too low.

Referring to the previous reforms of the kingdom, they were only successfully promoted by the government and supported by some local power factions.

The current situation is clearly different, and the reform of the tax system is actually cutting the flesh of the aristocracy.

The more the royal government gets, the less the noble lords get. If they don't have money in their hands, what do they take to raise soldiers?

You must know that in order to expand military warfare, the number of banquets held by the kingdom has been greatly reduced in recent years, and all kinds of extravagant hobbies that used to be popular in aristocratic circles have now disappeared without a trace.

It's not that everyone's core has changed, it's really that the aristocratic group is too much involved.

Wastes that don't have the ability to basically die are almost dead. Now this group of lords, nine times out of ten, have been on the battlefield.

Having witnessed the bloodshed on the battlefield, if you don't know about the expansion of armaments, then you really have a problem with your brain.

Compared to the strengthening of the kingdom's military strength, everyone would prefer to see their own armed forces grow.

When it comes to the utilization rate of funds, when the money is in the hands of the royal government, it is not necessarily comparable to the noble lords.

"Then let's do it first!"

Caesar IV said with disappointment.

Deep down, he once again strengthened his determination to strengthen the royal power.

……

The vignette in the royal capital soon dissipated. The confrontation between the king and the prime minister is a secret that belongs only to the highest level.

The nobles and lords who were affected by the disaster are busy organizing production to save themselves at the moment.

In many places, there are aristocratic lords who come to the front line to supervise and command, and the benefits of ordinary training at this time are reflected.

The trained serfs were basically able to comprehend the orders of the noble lord and obey the commands.

Untrained serfs were relatively sluggish. But they know that they can barely keep up with their peers.

Even though we know that the production reduction is a foregone conclusion, everyone is still busy saving themselves in order to reduce losses as much as possible.

In fact, many times risking one's life to save oneself is not cost-effective.

But at this moment, the position of all the noble lords was surprisingly unanimous, trying to recover the food in the natural disaster as much as possible.

Hudson was no exception. Knowing the importance of food in disaster years, while providing disaster relief, we also did not forget to organize people to rush to harvest.

In order to preserve the rain-soaked wheat, Hudson used Maxim as a fire-breathing tool. Rely on physical heating to avoid rye germination.

Because of the huge amount of work, during the specific operation, a lot of rye was directly roasted by Maxim, and part of the rye became char.

In line with the principle of not wasting it, the roasted rye became food for the orc slaves.

The people lived a life of eating fried wheat and boiling wheat flour.

In disaster years, some are good to eat, and naturally no one will be picky about the taste.

After the storm, finally see the rainbow!

The great flood came and went quickly. On the third day after the rain stopped, the places gradually returned to normal.

However, the disaster caused by the flood remained. The post-disaster reconstruction has slowly begun, and Hudson no longer needs to be involved in these tasks.

The government affairs department, the agriculture department, the transportation department and other relevant institutions have come up with corresponding plans and put them into action.

……

"Lord Duke, affected by the Great Calamity. Many depositors came to withdraw their deposits in advance, and there were queues in front of many outlets.

In just one week, deposits at the Development Bank of the Near East fell by 8 million gold coins, or 5 percent of our cash reserves.

The fact that the Development Bank of the Near East can survive does not mean that other small local banks can also survive.

According to the current development of the situation, it is very likely that a run will be triggered in the next post-disaster reconstruction! ”

Rudolph reported with a solemn expression.

With the strength of its shareholders, the Near East Development Bank has not suffered a single run since its establishment.

Of course, the banks are also doing well. With the advantage of scale, whether it is operating income or profit, it is unique among similar commercial banks in the kingdom.

There is a saying in the outside world that the Development Bank of the Near East beats all the banks in the northern continent.

It is not an exaggeration to say that the Development Bank of the Near East, which has the first-mover advantage and has seized the best customer base, alone occupies ninety percent of the profits of all commercial banks in the northern continent.

With the exception of this giant, all commercial banks are regional banks and simply do not have the ability to spread their outlets throughout the Northern Continent.

No matter how small a bank is, it has some influence on its own one-third of an acre.

Most of these commercial banks have problems in their management, and they are almost novice in their ability to control risks.

In order to compete with the Development Bank of the Near East, they not only lowered the interest rate on loans, but also gave interest on deposits.

Relying on these means, it has gained a place in the market competition. But the risks are also buried, and in the event of a run, it is only a matter of time before these small banks with insufficient reserves go bankrupt.

Originally, the elimination of competitors was also a good thing for the Development Bank of the Near East, but panic would be transmitted.

If a large number of small commercial banks go bankrupt and are unable to pay depositors' funds, the Development Bank of the Near East will inevitably suffer.

If market confidence cannot be stabilized, no amount of cash reserves will be able to withstand the endless runs.

"It has been decreed that in the coming period, all commercial loans handled must go through the strictest review.

If you can reduce the number of loans, then reduce the number of loans as much as possible.

However, depositors' deposits must be cashed out in a timely manner. As long as it is in accordance with the process, it will be paid in full.

If a large client wants to withdraw money, then market the asset to them. After this turmoil, there will definitely be many people who will default on their debts, so they should be looking for buyers in advance. ”

Hudson said without changing his face.

That's all he can do. The Development Bank of the Near East is no longer a baby, and after leapfrogging development in recent years, it has not been divided into a single bonus, and it has accumulated a lot of industries of its own.

It's also a good option to moddle a portion of it now. As long as this turmoil is overcome, the signboard of the Development Bank of the Near East will be even louder.

With a large number of competitors reduced, the future "money" power will be even more unlimited.

For a while, Hudson didn't know whether to be happy or worried.

Now it's up to the shareholders behind these small banks to support them. If there is the full support of the great nobles, maybe they will be able to survive this turmoil.