Sword of Daybreaker

Chapter 727 Currency Reform Plan

Substitute currency is paper gold and silver, and it is the equivalent bill of real gold and silver. People's trust in them comes from the trust in real gold and silver.

However, credit currency cannot be used to exchange gold and silver, its value is decoupled from precious metals, and its purchasing power is entirely derived from the "commitment" of the country.

In this day and age, the biggest question is whether a state's commitment is enough to convince people that a pile of paper can replace money, or even international trading partners.

"Your Majesty, maybe you don't have to worry about this," Patrick knew what Gawain was thinking, "We have data and samples. And in my opinion, if we want to issue credit currency, maybe now is the best time. Opportunity."

Gawain looked at Patrick: "...you mean..."

"You taught us the concept of national subject, so I know what you are worried about - frankly, the nascent empire really does not have enough prestige and appeal to implement a new currency decoupled from precious metals across the country, because we Most of the people don't even have a clear concept of the country, and they don't have enough trust in the Government Affairs Office, let alone fear the 'imperial power', but...you can."

Gao Wen was stunned for a moment, and suddenly couldn't help but want to laugh a little: "You mean that the personal prestige of me, the founding emperor, is enough..."

Before he finished speaking, he stopped for the second half of the sentence.

Maybe... that's enough.

Because those who just got rid of Ansu's kingship are still kneeling - even though the Council of State Affairs passed the law to force their bodies to stand up, the knees in their hearts are still nailed to the ground.

They may not understand what the "motherland" is, they may not understand the concept of the government office, they may not understand the power of the state, but they still revere the "monarch" unconditionally from the bottom of their hearts, accompanied by unconditional obedience.

This blind and backward status quo has always been regarded by Gawain as the biggest obstacle to the construction of the new order, but if you change your way of thinking... this is actually a situation worth borrowing.

"Your Majesty, your prestige and appeal are stronger than you imagined, not only because you built this empire, obtained the oath of all the nobles, and is the co-owner of all Cecil citizens today, but also because of the past seven hundred years. The propaganda that almost deified the first generation of pioneers," Patrick further said, "in order to maintain the stability of his own status, and also to strengthen the 'legal basis of the noble blood', for seven hundred years, any Anzu king and Nobles are spared no effort to strengthen the glorious image of the first generation of pioneers, and this has a particularly great impact on ordinary people. Even among some of the more superstitious and ignorant people, your resurrection is regarded as a kind of 'miracle'.

In this group of people, you have a very special and unrepeatable appeal.

"Your Majesty, I know that you have been working hard to change this ignorant and backward situation. You hope to replace the old monarchy and enfeoffment system with the concept of government affairs office and state, so that the people can change from blindly obedient 'untouchables' to glorious and dignified 'Citizen', but it's not an overnight thing, and since it can't be done overnight, we might as well take advantage of this situation a little bit before the final goal is achieved, without affecting the construction process."

Gawain looked at Patrick's glowing eyes, and after a little pondering, he said in a deep voice: "There is a certain reason - but we must also respect the laws of nature. Maybe my prestige and appeal are enough to force the promotion of new currency, but the national implementation There's still a risk of confusion, how do you plan on that?"

"Implement it gradually," Patrick said immediately, obviously he had been thinking about this answer for a long time, "First, promote it in the three regions of the southern border, the eastern border of the Holy Spirit Plain, and the eastern border. Among these three regions, the southern border is the most stable, and the transformation is also the most stable. It is relatively successful. The public recognizes the Government Affairs Office. Coupled with the demonstration role of the pilot, there is no problem in implementing the new currency; the eastern part of the Holy Spirit Plain is undergoing post-disaster reconstruction, which is equivalent to establishing a new order on the ruins. There will be almost no problems with the old forces, and All commercial activities in the eastern part of the plain are carried out around the United Reconstruction Mission, which is under the complete control of the Government Affairs Office. Each pioneering team can just build a complete and new economic structure based on the new currency; the last is the Eastern Territory... The Eastern Territory is three. The riskiest place in this region, because it still retains a considerable number of old nobles, and the old monetary system is still very stable, but in any case, the Eastern Territory must be broken."

Gawain nodded slightly. Although Patrick did not continue, he knew the reason in his heart:

Due to the collapse of the Eastern Territory Legion, the disappearance of the Loren family, the pressure on Changfeng Fortress has increased, and the Eastern Territory... has been essentially under the full military control of the Cecil Corps, strong control, and the full surrender of the old nobles, which makes the Eastern Territory and the Northern Territory. , compared to the Western Border, the difficulty of breaking the game has been reduced to the lowest level.

Now is the best time to completely transform the Eastern Territory, further disintegrate the influence of the old aristocrats in the Eastern Territory, and implement new coins.

After the East Border is broken, it will become the best "sample" for reference in the North and West, and it will also become the best "anchor" for the further implementation of the new currency.

"After completing this step, we will gradually reform the currency system in the western and northern regions," Patrick continued. "The public will have a buffer period, and the nobles will have time to recognize the reality. In addition, the three regions will play a role in Demonstration, the possible resistance to currency reform will be minimized, and at the same time, due to the reference experience, the possibility of chaos in these two regions will also be greatly reduced.

"While the empire is reforming its currency system, our commercial settlement with the Ogure Tribe and the northern countries will still be done in gold and silver. Considering the particularity of credit currency, our international business partners will accept the new currency. It will be more difficult, so for a longer period of time, we will maintain this method of gold and silver settlement, even until a long time after the empire fully popularizes credit currency, after that, we will use the empire's strong industrial strength And the scale of trade gradually establishes the credit of the new currency..."

"You can say it more bluntly," Gawain looked into Patrick's eyes, "Let the neighboring countries become dependent on our industrial products, let the entire settlement area uniformly implement the Cecil standard, and let our alchemy potions, The rune substrate and basic industrial facilities have become the basis for the operation of the entire settlement area, and then we will start settlement with new currency. In the process, we will also maintain the strongest military strength within the settlement area to ensure everything.' controllable'."

"If it was Typhon, they would definitely take advantage of this process to grab the wealth of half the continent. This is their usual style..." Patrick couldn't help but sigh, "It's crazy to exchange paper for money."

"But it also concentrates all risk and payment pressure on yourself, and turns all 'sheared' countries into your own enemies, and once those 'traps' break out, every gold and silver you grab will be Become a 'bomb' like a Rebecca crystal," Gawain shook his head, "We want to make the whole world stronger, instead of standing alone in a ruin, we must always remember this."

Patrick lowered his head with a serious expression: "Yes, Your Majesty."

"Then there is another question," Gao Wen took a long breath, "What do we use to measure the purchasing power of currency?"

The purchasing power of the substitute currency comes from the exact gold and silver. Gold and silver are valuable, so the purchasing power of the substitute currency is easy to measure, while the credit currency needs an artificially specified "anchor point". This anchor point is very critical.

In short, it is to find a commodity with relatively stable value, which is indispensable in social activities and widely used, and then the state stipulates how much such commodity can be purchased by a basic unit of currency.

In the initial stage of issuing credit currency, an anchor must be used to define its purchasing power.

"Use grain," said Patrick.

"Food?" Gawain frowned slightly, "It's not very suitable as an anchor..."

"But we couldn't find a better fit," said Patrick. "I initially considered 'magic net energy' as an anchor, but magic is a ubiquitous energy in nature, and even more extraordinary can rely on their own The power of the magic net is a kind of energy gathering device, and the energy it generates does not have the qualification to become an anchor, and various forms of magic materials cannot be regarded as 'essential commodities'. In a closed area, people can even stay away from magical creations for life, but only food... is a necessity in any area in any era, and what we have to do is to maintain its price stability."

"...In the final analysis, food is the key link," Gawain pondered for a long time, sighing as if to himself, "Then let's make a tentative plan, and you will be responsible for the specific statistical calculations."

"Yes, Your Majesty."

After a deep breath, Gawain felt that his high-speed mind was finally cooling down.

Even if this special and crucial negotiation is over here, as the starting point of currency reform, what he and Patrick discussed is still only a superficial framework, and the trimming and specific application of this framework may It still takes more people and a longer time to improve, but in any case, Gawain was greatly relieved to have successfully taken this first step.

After heaving a sigh of relief, his expression relaxed a lot, his eyes returned to the desk, and he swept over the "banknotes".

"How is the current anti-counterfeiting technology?" he asked casually.

"The special ink formula has played a very good role," Patrice bowed slightly, "According to the suggestion of Master Carmel, we mixed a small amount of special mixed crystal dust into the ink, under strong sunlight, Or near the magic obelisk, the banknotes can release a certain floating effect. In addition, we also got the Typhonian banknotes, and their anti-counterfeiting methods are also worth considering - their banknotes are specially treated Made of fabric with two magical threads incorporated into the base material, the threads are intricately woven to give a specific pattern of shadows in sunlight. We might be able to combine the two techniques when making coins.”

"No matter how clever the anti-counterfeiting measures are, there will always be people who take risks," Gao Wen nodded, "In addition to strict laws and punishments, it is also important to update anti-counterfeiting technology from time to time. We must do our best to ensure one thing: let most The costs of counterfeiting are much higher than the benefits of their counterfeiting."

"As you said," said Patrick, "in fact, if a great magician goes to counterfeit money, he can make counterfeit money that is hidden from everyone, but according to our calculations, most of this level of magicians expended in counterfeiting banknotes would have more than tripled what they would have earned in a legitimate trade - so it's unlikely that sane superhumans would do such a thankless task. And if they Establishing a team and secretly purchasing equipment and materials for mass production will greatly increase the risk of exposure to criminal acts, which is also thankless. At this stage, our anti-counterfeiting ideas are basically based on this logic.”

Gao Wen snorted, and a smile suddenly appeared on his face: "One more thing... Let's make our banknotes as beautiful as possible."

"Of course," Patrick also smiled, "exquisite currency itself is a demonstration of technical prowess, although they can no longer represent real money... But at least, people can still be happy when they get them. "

Patrick left.

Gawain turned his head and glanced at Amber who was standing behind him.

Not surprisingly, the half-elf lady (at least it looks like a half-elf) is wandering around the world, and her eyes have been stunned for a long time.

But just as Gao Wen turned his eyes away, the goose woke up suddenly and stared at Gao Wen: "Hey, are you finally finished?"

Her ability to shut down her brain at any time and return to work at any time is truly amazing.

I don't know how to do it...

"Damn, I can't understand your brains more and more, especially yours," Amber was greatly relieved after confirming that Patrick had really left, and then babbled loudly with his hips on his shoulders, "I really don't I know that there are so many doorways hidden in these 'banknotes'... That Patrick is a talent, it is rare to see someone who can discuss with you in this field..."

"Patrick is indeed a talent, and he is far more outstanding than I imagined. I just told him some concepts before, and he can understand and apply it to this level. I think few people can do it. "Gao Wen glanced at Amber with a half-smile, "But you can actually see that there are 'so many ways'... This shows that you understand a lot."

"I don't understand!!" Amber almost jumped up and screamed, "Don't lie to me..."

"Don't be nervous, this part of the work is not yours in the first place," Gawain shook his head helplessly, "I just want to say that you have collected information on Gaoling Kingdom and Silver Empire in a timely manner, keep your attention in that direction— — because the Typhons are looking in the same direction.”

"Oh, don't worry, leave this to me," Amber patted his chest, showing a smug look, "Although there is no way to send MIA operatives to such a far place, intelligence gathering is not just as simple as espionage, as long as If there is information exchange between the north and south of the mainland, there will always be intelligence.”

Hearing Amber's confident answer, Gawain smiled slightly, and slowly cast his eyes out of the window.

Snowflakes were falling in the leaden sky.

Chapter 728/1600
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