The Lord Demon King is Unfathomable!
Chapter 1733 - 486: A Bright Future (2)Abstractly speaking, that's indeed the case.
The remedy for their suffering is indeed not the "silver pound," nor any kind of sovereignty, but perhaps the conscience that Mr. Sak Jifeng and Mr. Horace might possess.
The discussions among people continued throughout the afternoon, until the lunch break was over, and the foremen herded them back to their workstations like cattle.
But this time, everyone cooperated willingly.
Not only did they cooperate, but they were full of enthusiasm!
The sound of the looms had never been so spirited, and the collective determination was so strong that even Horace, who happened to pass by the workshop, was visibly taken aback.
By Saint Sis—
It turns out this bunch had been slacking off all along!
This is just too wicked!
...
After traversing mountains and rivers, the liquidity injected into the market by Andes Bank finally made its way into the hands of the workers in the New Industrial Zone.
Just as Prince Colin had said, as long as the gold coins are withdrawn from circulation, the silver standard system reestablished, and injected into the market... after the Campbell people have repriced their assets, they'd soon afford to buy once again the products they "themselves produced."
That's something many colonized lands have gone through; they essentially created a sovereign currency that does not proclaim sovereignty.
Of course, Colin didn't say everything.
Some pain won't disappear into thin air; it merely shifts from one market to another, such as to their "Sovereign Country."
The exchange rate of the gold coin to silver coin jumped from 1:110, which it was at during that afternoon tea, to 1:150 due to Andes Bank's aggressive move.
And this is still in the context of the silver pound exchange rate.
Those silver coins with a variety of Royal Family emblems on them simply lost their market and were directly pegged to those myriad copper coins.
The ratio was a staggering 1:150, or even more exaggerated.
The smart ones have already spotted the problem.
Just take a so-called "inferior" Laine Silver Coin from the Ryan Kingdom to the neighboring Campbell Duchy, and it can be immediately exchanged for a hundred and fifty inferior copper coins.
This can be done from other parts of the Empire too, it's just that the Ryan Kingdom, with its land trade routes, is faster and easier for funds to gather here.
Although these copper coins might not buy much in Thunder City, clever merchants could very well haul these 150 copper coins back to the Ryan Kingdom and immediately change them back to 1.5 of the silver coins minted by the Ryan Kingdom, or simply exchange them for gold coins!
Originally, a 15% profit was already quite attractive; a 50% profit would be enough to drive numerous merchants mad!
They are even willing to not carry any cargo, just transporting that inferior brass and silver between the two countries, to fulfill the dreams of Thunder City citizens.
Bad coins are still coins.
Moreover, technically speaking, the King's bottom line is higher than that of the Earl, and much higher than that of the countless Barons and Sirs.
No matter how crudely made, silver coins with the Royal emblem are truly more genuine than those randomly issued copper coins.
Therefore, when a large number of traveling merchants brought Laine Silver Coins from the Ryan Kingdom to the Campbell Duchy to exchange for copper coins, the Campbell Duchy was effectively robbing the Empire's silver, particularly pillaging silver from the bordering Ryan Kingdom!
Meanwhile, the myriad copper coins within the Campbell Duchy flowed back through the trade routes into the Ryan Kingdom, delivering the inflation attached to these copper coins straight into the pockets of the Ryan Kingdom's commoners.
The Nobles of the Ryan Kingdom would be surprised to find their silver coins mysteriously becoming exceptionally valuable, and gold coins even more expensive, just like what Thunder City citizens have already experienced.
Yet, conversely, other than the "tools" in the fields remaining unaffected, all the citizens from Twilight City to the Ryan Royal Capital would quietly slip back into poverty.
This is already a de facto act of war!
However, no one except the Demon King has seen this thing, so the parties in conflict are temporarily unaware that they've entered a state of war, and even less aware of whom they are fighting.
The citizens of Thunder City at least enjoyed the benefits of the production development by sipping soup with Duke Edward.
Whereas, the citizens of the Ryan Kingdom didn't gain any benefits, just getting inexplicably beaten up by their old, sleepy King.
Their copper coins would depreciate at an astonishing rate. While Campbell Duchy at least has "Edward's bread" as a safety net, they have nothing like that.
Their King would only sigh that there was still too much grass in the pasture, as if the last fire hadn't burned with satisfaction...
As for the Empire?
The Empire is too vast to feel it for now.
Putting aside what kind of scenery the distant Ryan Royal Capital might be, the textile workers at Horace Textile Factory could drink to their hearts' content today.
With their wages, after keeping what they needed for living, some of the remaining money immediately flowed towards the taverns in the New Industrial Zone that very day.
Inside the "Rusted Axe Tavern."
When the fellows from Horace Textile Factory trickled in in small groups, the bartender behind the counter was eagerly polishing glasses, the brawny waitress swiftly moving, and the sound of mugs hitting the table resembled the dwarves' falling hammers when forging.
Thud—!
"Oh, if it isn't the fellows from Horace's, what a rare sight!" The blacksmith at the next table slammed his mug on the table and shouted towards the familiar faces in the distance, laughing as he spoke, "What, did that iron rooster from your factory finally spit out coins?"
"Don't call him an iron rooster!"
A textile worker exclaimed with pride, slamming a brand new silver pound on the counter; though it was only face value 1, it was enough to dazzle a lot of eyes.
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