The Lord Demon King is Unfathomable!

But in Thunder City...

The 10 million shares publicly issued by the Colin Group account for one-tenth of the total market value. The highest unit price has soared to over 20 gold coins, and at one point even surged toward 100 gold coins.

What concept is this?

Miss Castellion's father came here, and he would probably be frightened into a heart attack by the ambition of these "country bumpkins."

How could these "barbarians" be so wealthy?!

Of course, Thunder City actually doesn't have that many gold coins, as Andes said, they are facing a liquidity crisis.

But according to Luo Yan, this may not be a bad thing.

Chanting cannot be detached from the context of the times, the same thing that foretells disaster hundreds of years later is not even considered a crisis at the end of the Renaissance.

It is quite normal for farm tools to suddenly become people, with a higher value.

They are just re-evaluating their assets.

Perhaps worried that Prince Colin didn't understand, Andes continued to explain.

"For example, the continuously soaring stock price of the 'Colin Group,' yet the increasingly high unit price has already begun to severely limit the liquidity of the stock. Many people hold stocks but cannot cash them in, while others want to buy but do not have enough gold coins. It's not just stocks, property on Queen Street and many other things have started to show a 'priced but not sold' situation. It's one thing for holders not to want to sell, but it's another for no one to take over."

Including goods in the factories.

They cannot always rely on overseas buyers, more and more farm tools are being turned into people by their Duke, and people have consumption needs.

It's more than just food and nerve-numbing beer.

They need houses to shelter from the wind and rain, they need not only warm but also decent clothing, and the ability to send the next generation to better schools... just like every resident of the Holy City takes for granted.

Living a humane life is not just a privilege of the Holy City; the blood and sweat of the Campbell people deserve a better tomorrow, they are not merely tools for the Imperial.

"A more dangerous signal is in the currency market," Andes lowered his voice, "Due to the lack of liquidity in gold coins, the actual exchange rate of gold coins to silver coins has increased from the standard 1:100 to 1:110. I've heard that in the black market, it has even reached 1:115."

"This was extremely rare before."

In the past, only large nobles and merchants traded in silver coins, while gold coins were used for bulk commodities and luxury goods, which is why even if the stock price of the Colin Group soared, it would not affect the lives of ordinary people.

There is a lag in liquidity between different currency pools, simply put, the shortage of gold coin liquidity will not immediately affect copper coins and silver coins.

This is like three reservoirs are connected, but as long as the water flow is controlled, the water level difference between the reservoirs can still be maintained.

This is also why Edward can maintain the price of a loaf of bread at 4 copper coins with minimal subsidy.

However, the problem now is that the liquidity of gold coins has drastically reduced, and only silver and even copper coins can fill the liquidity gap.

And increased liquidity means inflation, and this inflation is inversely proportional to the scarcity of the currency itself.

The people here tend to hoard gold coins as a store of value, and use more silver coins and copper coins for transactions, forcing the devaluation of silver coins and the sharp devaluation of copper coins.

Andes did not mention the exchange rate of copper coins, because now in Thunder City, the exchange rate of copper coins has become an indeterminable thing.

This has allowed the wealthiest people in Thunder City to fully enjoy the feast of skyrocketing asset prices, while ordinary people using copper coins can only watch their assets continually shrink, further widening the gap between rich and poor.

Apart from bread controlled by the Duke not rising in price, a series of daily necessities priced in copper coins, including salt and fuel, are skyrocketing.

If this continues, industrious as Campbell, who works better than a steam engine, will sooner or later become as cheap as "Edward's bread"!

In the face of a more soul-touching contradiction, Erin's Act No. 6 does not solve any problems; it only scratches the surface.

Faced with Mr. Andes' concerns, Luo Yan thoughtfully pondered for a moment, then set down his teacup and said gently.

"This is indeed a serious issue. But I wonder if there's a possibility... that you've placed too much importance on gold coins."

Andes was taken aback.

"What do you mean?"

Luo Yan opened up, speaking slowly.

"Gold coins for the Imperial are tools for pricing everything in the world. But to you, they are merely mediums of exchange. The Gutaf United Kingdom doesn't have this issue, I guess because the Lizardmen there don't use the Imperial gold coins, but their own currency. They can decide how much currency to issue depending on how much they produced this year."

Andes' expression slightly changed.

He is an extremely intelligent person and instantly grasped the meaning that ordinary people couldn't read from the subsequent sentence—

If the life of the Campbell people is compared to a commodity on the shelf, then the tag attached by the Holy City gives them a rather low price!

Perhaps a thousand years ago, they were indeed worth this price, but obviously, from the start of the Isaac Dynasty, the Campbell people have been producing many things that even the Imperial people haven't seen!

Certainly, using Imperial currency brought them many benefits, such as unobstructed access to the trade centers of the Imperial and the convenience of zero tariffs.

But likewise, their efforts are also enjoyed by the Imperial.

Just like a cow that works hard to train into a muscular build can't reach the farmer's seat no matter how long they stretch their neck, at most reaching the table.

He just didn't expect to be enlightened by a Prince of the Imperial.

However, he also wasn't fully enlightened; at least, restricted by the limitations of the times, he did not realize that a series of complex theories could actually be summarized in one word.

That word is "sovereignty."

People without sovereignty are colonized, and land without sovereignty is a colony, even though the kings of the Old Continent don't consider themselves colonies.

These vassal states do not realize that they aren't any more "advanced" than the colonies on the New Continent. The young men of the Holy Temple Knight Order, when unable to survive in the colonies, can still return home, because after all, they are Imperial people, and the Holy City never said they couldn't return home. But like the Ryan people, Rhode people... no matter how devout they are, when the Judicial Court deals with them, they aren't regarded as people.

In fact, if Hell wanted to erode the roots of the Imperial, they could completely start from this angle, as this is the Imperial's Achilles' heel.

It's just that Hell also didn't figure this thing out.

After all, Hell, aside from having an apparently advanced "Parliament," is actually not as civilized as Surface Humans, otherwise, human Transcendents wouldn't be hammering down Demon Transcendents on the head.

Moreover, the Demons are too degenerate, even the Enchanting Demons have started playing pure love, while the ambitious one is instead a Human Demon King.

Andes swallowed a gulp of saliva and asked with a slight probing tone.

"You mean?"

Luo Yan's face showed a smile, and in the name of Prince Colin, he delivered an "Oracle" to this ambitious businessman.

"My thought is, of course you can't violate Imperial laws to mint large-scale gold coins, but you might as well take a compromise approach, such as creating a new circulation medium to replace the old pricing tools."

"For example—"

"Led by your Andes Bank, joining forces with all the banks and large gold shops on Queen Street, backed by your combined credit and reserves."

"Issue a paper currency called 'silver pound.'

Or rather—

"Sovereign" currency.

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