Talk about your reasons, Padric,” Gao Wen looked at the Imperial Business and Finance Director in front of him with a serious and serious expression. “You should know that promoting credit currency is a more radical measure, and too much pace of change means that the difficulty and risk of change will rise sharply.”

"Yes, your majesty," Padric pressed the collar of the short black dress, took a deep breath and said slowly, "The main reason for my suggestion is...Tifeng."

"Tifeng..." Gao Wen pondered for a moment, "Speak."

"Your Majesty, you once said that there must be a war between us and Tiphon, and in my opinion, this war has actually begun - I believe you think so too. We have just avoided a real war, but economically, our competition has just begun, and at this stage, the essence of this competition... is a contest of gold settlement."

Gao Wen looked into Padric's eyes. He did not hide the praise in his eyes and signaled the other party to continue talking.

"Tifeng's alternative currency is based on gold. Their banks issue banknotes that can convert gold. However, when it comes to orders with Cecil, since the two parties have not yet established a new currency interface, we still settle in gold directly. We purchase a large amount of textiles and other primary industrial products from Tifeng, and output magic parts and trains and railways. The latter has few orders but huge value. Therefore, overall, Tifeng's gold is flowing to Cecil in a slow, unobtrusive range.

"Your Majesty, you should know that the aristocratic reforms of Tiphon are far more ‘moderate’ than us, and they retain a large number of old nobles, and these old nobles have retained a large number of personal property besides losing their privileges.

"Simply put, Tifeng has a large amount of noble vaults that are not controlled by the royal family. The gold paid to us... In fact, many of them are gathered by countless nobles of all sizes in Tifeng's country through private investment, fundraising and financing. Less than half are directly from the vaults of the Imperial Bank of Tifeng. Therefore, for a long time, Tifeng people would not find that their gold was flowing out - this not only involves very large and long-term statistical work, but also a large number of nobles are using various means to hide the trivial but large-scale gold flows in order to bypass the railway investment restrictions set by Rosetta Augustus..."

Listening to Padric's words, Gao Wen couldn't help but think of what Daniel reported to him:

In order to compete for some profit in the railway system, the small and medium-sized nobles of Tifeng were trying their best to intervene in those projects. In order to bypass a series of obstacles set by Rosetta Augustus, their most common method was to borrow money from banks through family guarantees and joint guarantees, and then "cooperate" with the banks (after all, half of Tifeng's banking system is in the hands of the aristocratic group), and transfer the debt to Cecil Railway Investment Company. Then they used their family vaults to repay the debts, so as to obtain shares in various ways and get the profits of railway operations...

This complex and "exciting" operation revolves around their regulatory system.

Rosetta Augustus may be a talented and powerful emperor. He successfully controlled the powerful upper nobles of the Tifeng Empire with court struggles, shocking and subjugating the small and medium-sized aristocrats across the country. However, in the corner of the gutter that he could not care about, in those small aristocrats who were gradually transforming from old aristocrats to capitalists, the "creativeness" and "struggle spirit" displayed by people in the face of interests was obviously beyond the imagination of Emperor Tifeng.

The gold of Tifeng flows out in secret and trivial way.

"The most important thing we want to maintain this trend is to maintain the current situation of gold settlement," Gao Wen said slowly along Padric's thinking. "If we establish a substitute currency system, starting from the laws of economic development, the two countries establish new currency interfaces, guarantee each other and settle in new currencies is a matter of time. Once the currency used for settlement becomes a new currency completely controlled by the bank, Rosetta Augustus can effectively control the trend of gold outflows - he may even discover the traps in the domestic industrial and economic development process in time, and discover the things we have arranged painstakingly. With his wisdom, he may soon be able to solve these hidden dangers."

Issuing credit currencies and creating new currency settlement barriers between Tifon and Cecil is a means to maintain gold settlement between the two countries and delay Rosetta Augustus' reaction time.

"Yes - we want to 'help' those investors in Tifeng keep this 'gold shortcut'," Padric nodded. "Of course, even if we choose a substitute currency, we can continue to request settlement in gold - I support credit currency, and there is another reason.

"The people of Tifeng will not only do business with us - they know that the goods produced by factories need to be sold to generate value, and Cecil, as a country that also develops magic industry, will definitely not accept their output honestly, so they will definitely look for new markets..."

As soon as Padric said this, Amber, who stood aside and seemed to be wandering around the sky, suddenly said: "Tifeng may be in contact with the Kaoling Kingdom, and perhaps negotiating against the dispute in the Blue Rock area. If this is true, then the negotiation should be almost done."

"...They are preparing to trade with the Gaoling Kingdom, and may even be eyeing the market of the Silver Empire," Gao Wen thought of the answer instantly, but then looked at Amber with a little confusion, "This is intelligence in the southern part of the mainland. The Military Intelligence Bureau should have not penetrated there yet, right?"

"I met Sonya this morning. She casually mentioned the matter of the Silver Empire being remeasured the Blue Rock disputed Cutting Area recently. In addition, three days ago, the technical exchange document between the Silver Empire and the Magic Energy Technology Department also mentioned a sentence - the magic net units produced by Tifeng can also be used in standard operating environments. In addition to the triangle area of ​​the Blue Rock Dispute Area, Tifeng and the Silver Empire do not directly border and communicate. They can get in contact with the magic net units produced by Tifeng. The most likely flows from the Gaoling Kingdom, which may be the "trade sample" given by Tifeng to the Gaoling Kingdom. The three countries have been constantly in love, hate, and hatred in recent years, and basically they are around the Blue Rock Dispute Area. I just thought about these things..."

Amber said for granted, as if all this was just something she did casually in her spare time.

However, Gao Wen's eyes were wide open.

After a while, he withdrew his gaze and nodded with a smile: "Very good, you did a good job."

Amber hugged his arms, his ears trembled: "That's right, I'm a god-chosen..."

"Your Majesty, it seems that the situation is indeed as I expected," Padrick said, "Tifeng is establishing a market to the southern part of the mainland. The Kaoling Kingdom should have opened its doors to them. The Silver Empire will probably establish a trade relationship with Tifeng to a certain extent. Although we have a good relationship with the Silver Empire and have technical cooperation, this does not prevent the elves from buying the goods of Tifeng people. On this basis, relying on the Silver Empire, the big and small city-states of the Kaoling Kingdom must not be expected. They will become the market for Tifeng people.

"Tifeng will establish extensive commercial activities in parts of the western and southern parts of the mainland, where trade participants will settle in Tifeng's currency - except for the Silver Empire that has the strength to compete with Tifeng, Tifeng should be dominant in other countries.

“I call it the ‘Tifeng settlement area’.

"And what we are doing is similar to Tifeng. We are expanding the trade with the Augure tribe. You have planned to pave the railway to Augure. In the north, the Grand Consul of Victoria is establishing exchanges with the Violet Kingdom and trying to contact the Duchy of Holy Dragon.

"Many city-states in the northern Mangyuan District have begun to purchase our alchemy potions. Although their city-states are not large in size, the entire city-state consortium is still a huge market.

“There is no doubt that the Cecil Empire will become the ‘economic leader’ of these regions, which will be settled in our currency.

"Referring to the 'Tifeng Settlement Area', most of the northern and western parts of the mainland will become the 'Cecil Settlement Area'."

Padric said so much in one breath, his face was already red at some point, and his slightly fat body was trembling slightly from the breath. In the eyes of the business and economics manager, there was some inexplicable light flashing.

Gao Wen stared at Padric's eyes, and his body leaned forward slightly without realizing it.

"Then...this is not just a matter of Cecil and Tifong." He said in a faint tone.

"Yes, Your Majesty, this is not just a matter of Cecil and Tifung. In establishing their settlement zones, we will definitely establish our own. This is a contest between two settlement zones and two monetary systems. In the long run, in large-scale, high-speed flowing, trans-continental and rapidly growing business activities, credit currency... has a higher 'capacity' than substitute currency and is more able to withstand disasters."

Speaking of this, Padric stopped, and Gao Wen whispered in a deep tone: "When the day of the run comes, the alternative currency will collapse faster."

Amber looked at Gao Wen and then looked at Padric.

To be honest, although she has outstanding talents in the field of intelligence, she has been completely confused in the field that Gowen and Padric talked about.

However, she suddenly felt a chill.

"As long as the Cecil Empire does not collapse, there will be no international credit collapse, as long as our industry and economic system is still developing steadily, the grand wall does not collapse, and we do not do anything unlimited and over-issued, then credit currency is almost equivalent to having nearly infinite solvency," Gao Wen continued, "and the gold reserves of Tifeng and its business partners will eventually encounter bottlenecks, and the larger the market size they create, the faster the development speed, the earlier this bottleneck will come. The gears of the factory are heavy wheels that cannot be stopped, and this wheel will force them to over-issued currency. What we have to do is to do everything possible to let the gold flow in the Tifeng settlement area into us before Rosetta Augustus reacted and before the Tifeng people plugged their loopholes..."

"May their noble investors keep working hard." Padric laughed.

Gao Wen also smiled: "I hope the current 'peace situation' can last for a few more years."

He stood up and came to the place where the map was hung beside the bookshelf.

Ansu's entire territory map was once hung here, but now the old map has been picked, and a map depicting the entire continent has been replaced.

The wasteland of Gondor occupies a prominent position on the map. Around the wasteland, Cecil, Tifeng, Augure tribe state, Gaoling Kingdom, Silver Empire... Each country has intertwined canine teeth, occupying the ancient lands of ancestors.

For thousands of years, these countries have developed in peace and tranquility. Although there is some exchange, there is an invisible barrier that separates all countries.

For thousands of years, the protagonists of the story have been knights, princesses, castles and wilderness.

Quiet, peaceful, pastoral song.

But times have changed.

Open the door, free trade.

His eyes slowly swept across the entire continent map. This map was drawn by him with reference to satellite images. Between the precise lines, his eyes gradually crossed the wasteland of Gondor and fell between the jungle and the city of the Silver Empire.

"It would be great if the transportation between the north and south of the mainland could be achieved..."

"Your Majesty?" Padric asked curiously without hearing it clearly.

"No, nothing," Gao Wen shook his head. The things he was considering were not something Padric, the business and economics manager, could solve. "Let's talk about issuing currency. No matter how necessary the credit currency is, it's not that easy to issue it."

"Yes, your Majesty."
Chapter completed!