"Really, really...... This pack of greedy hounds. Pen, fun, pavilion www. biquge。 infoIf someone found out about this interesting secret in the future, what would they think of me? Worship me as a god or think I'm a demon? But it doesn't matter. Everything doesn't matter anymore. ”

Every day, via the speedboats on the Vistula and the fast horses to the Polotsk United Voivodeship, William receives updates on his securities.

Just by selling securities in the early stages, the Duchy of Mystia had already made a lot of money. And in this era of lack of effective oversight. This "generous" amount of money was almost entirely at William's discretion.

A total of two hundred and sixty imperial gold coins, equivalent to one hundred and thirty thousand Wende gold, equivalent to fifteen million silver marks. It is also equivalent to the financial revenue of the Kingdom of Mystia for fifteen years.

In fact, William could have earned even more. It was only after the great success of his investment company that the local Polotsk businessmen, who had ignored the patent law, immediately followed suit. One by one, new investment companies were established with lightning speed.

These new investment companies have shared the market. Moreover, compared to those "foreign merchants" supported by William, the local merchant groups in Polotsk are all well-known, and the locals naturally believe in them more than others.

But it doesn't matter. Counting on this thing to make money is completely secondary in William's economic strategy. And being able to rely on this pit to pit other merchant groups in Polotsk is what William likes to see more.

And even so. He's made enough money. When William told Charlumi a figure equivalent to ten years of revenue for the Duchy of Mystia. Charlumi almost fainted.

"This, this is simply ......"

"This is just the beginning. Well, yes, a start. William smiled at Charlumie.

"But, but ......" Even Charlumi became a little uneasy after hearing this number.

"Nothing, it's really nothing. And you see, I did follow the articles of association of the investment company. In the interior of the empire with Polotsk hired troops. Bought all sorts of supplies to strengthen the crusaders -- I didn't deceive the investors, did I? I did follow the ethics of a businessman. Of course, I also withheld some of my money a little bit -- but as a securities dealer, I need to make a profit myself, right? Is there something wrong with that? No. Everything was fine. All very good. ”

"But if this is made public, especially after the defeat of the Crusaders, then we ......"

"No, of course not, everything went perfectly. All Cheka members are one-line contacts. Directly obey me. I have their handle, their family, and the power to kill them. And after such a thing, do they think they will survive? They have to rely on me for protection. Of course, I won't treat them badly after it's over. I'll give them enough money, and then a ticket to the New World, or the colonies of the Spice Islands. They don't have to worry about it for the rest of their lives. Why did they betray me?"

"But ......"

"Everyone's identities are disguised. They came either from Briton, or from Asturias, or from Lombardy. Or the interior of the Empire. No one has relations with the Duchy of Mystia. And no one would have thought of that -- have you read today's paper? Concerns about the current state of the Crusaders. And then I almost became the laughing stock of the whole world. I'm very hurt now, and I'm saying good things, but why can't anyone listen to me?

So, they're going to die, and I can't stop them. Then do something good and add a shovel of soil to their graves. Wouldn't that be nice?"

That's it. William comforted Charlumi - and the truth was no different from what he said - except for a small amount of commissions, he took out most of the money financed by securities, hired troops, bought resources, and strengthened the crusaders.

William, who is well versed in the elements of commercial speculation, will beat gongs and drums to let the people of the city know every time he hires a mercenary force or buys a batch of military supplies. And those mercenaries, those convoys, are eager to run around the cities of Polotsk.

And these troops and materials that are constantly rushing to the front line, what can be seen in real things, the investors in Polotsk have strengthened their confidence.

In fact, if this momentum continues, the crusaders may indeed succeed - at least at least hold on - and at times William himself is a little shaken, thanks to the fervent support of the entire population of the United Province of Polotsk.

If he really went all out to support the crusaders. If he were to use this investment in other wealthy, business-like regions, it would not be as good as Frisia or Lombardy. Invest more money, invest more troops. So is it really possible for the crusaders to succeed?

But then William dismissed the idea, for it was not he who controlled the crusaders, but someone else, someone else. It's the nobles and knights who are full of fat brains and abnormal nerves, poor ability and small bellies. They could never succeed, they concentrated all the shortcomings of the "scum of impossible success". Even if they give them another 100,000 troops, 200,000, or 300,000 troops. Nor are they likely to succeed.

The more you invest in the crusade, the more you end up losing. In the end, those losses will become the meat in the bellies of the centaurs of Tartaria.

After thinking about this, William gave up on continuing to rescue the crusaders. At the same time, the results of the second phase began to show.

Crusader securities, as the favorite thing of the Polotsk people during this period, began to increase in value as a matter of course, and after speculation, the speculative boom began to increase.

In the beginning, it was in the trading market - when the newly issued securities were snapped up, people who did not buy them were naturally very unhappy.

Then there are businessmen who complain loudly with the money in their pockets, then shake their wit, and then loudly declare that they are willing to buy the securities of those who have already bought them for twice the sale price.

After that, under the temptation of the merchants, a few people could not stand it, so they took out securities and sold them to the merchants. When the sale was done, the merchant left satisfied. However, many people who were inspired also claimed to be willing to buy other securities at twice the price.

After that, there is a round of exchange. Someone immediately claimed that he was willing to pay three times the price for securities...... Such a small-scale price increase and purchase in private. Soon the other merchants who rushed to hear the news learned about it, and after thinking of this, the merchants began to buy securities on the market widely at higher prices. And the price is getting higher day by day - some businessmen buy securities and then sell them at a higher price. There are also some businessmen who have become businessmen who specialize in speculating in securities.

That's it. At the same time that the securities were invested in the Crusaders, the securities market opened at about the same time. The Crusader securities, which used the Crusader as the investment target, also became the investment target themselves.

On the periphery of the trading market for selling securities, new derivative markets for speculative securities soon emerged.

People use large blackboards and chalk to write prices. The price of the securities was quickly speculated to more than a dozen times the basic selling price. And then it gets taller.

The whole Polotsk Union Province was filled with an atmosphere of extreme fanaticism.

Merchants added fuel to the fire. Playing with life to propagate the good situation of the Crusaders up and down. In their propaganda, every crusader became a monster with a height of one foot and two feet and a waist circumference. And every enemy is a scum with all the negative buffs concentrated.

Of course, in fact, during this period of time, the Crusaders did live up to expectations. The crusaders who received various supports, both nobles and knights, were greatly enhanced. And when they had enough strength, they began to invade foreign countries.

The noble crusaders who occupied northern Ruthenia and Pyrm were fortunate to target the weak and bullying Slavites.

Holmgard and Novgorod, who had just suffered heavy losses in the battles between Ruthenia and Pilm, were almost helpless against the fanatical crusaders who had taken the wrong medicine. Seeing defeat all the way. These two Slavic states were about to be annexed by the Crusaders.

At the same time, the crusaders of the Knights of the Holy Sword were more miserable. They were faced with the mighty Tartarya Khanate...... However, it was more comfortable that Tartaria's army was concentrated in the Tronica region. In battle with the Dark Elves. They had insufficient forces in the north. Therefore, in the early days of the Knights of the Holy Sword, it was also relatively smooth. At the same time, the affluence of their chosen offensive target, namely Tronica, is also very high.

The richest and most potential territory in Tartaria, which Sarida Khan had painstakingly managed, and the countless riches and vast amounts of land that had been carved out, were thus captured by the Crusaders.

That's it. Every day, even every minute and every second in the United Province of Polotsk. Victories of the Crusaders, large and small, are constantly being sent. At the same time, the estates that were required to be handed over to the investors according to the contract had also been incorporated into their names. And those loot, precious metals, jewelry and works of art. It's also constantly being typed.

In such an atmosphere, speculation in the crusader securities of the Polotsk United Province became more and more frenzied. In August, the price of securities per share finally broke through the 80 silver marks. Forty times the base price.

Moreover, this price is still rising.