To learn the production and transportation system of the Phoenix Kingdom and surrounding areas, former enemy Fatel was the most active.
After the Fourth Legion was frustrated, King Fatel VI was afraid of the Phoenix Kingdom's strength and background and did not launch another offensive.
However, the various contradictions in the aging Fatal Empire have not been reconciled. Instead, they have been strengthened by a defeat, and they have to save themselves.
First, we still need to solve the problem of deflation.
Although Fatel did not adopt the word austerity, the concept is clear. The scarcity of currency brings prices down, making money more valuable.
Money being worth more sounds good, but it's actually a very bad situation.
For example, when growing food, with the expectation that money will become more and more valuable, it is better to choose to hold coins and do laborious work while focusing on farming, and the income will be significantly improved.
Of course, it's not easy to find hard work when money is low, but that's what it means. If you can't find a job, going to the mountains to pick wild vegetables and the purchasing power brought about by currency appreciation are better than farming.
Deflation caused by currency reduction will dampen production enthusiasm. The lower the profit, the more serious the impact. Fatel even knows that the lower the profit, the greater the proportion of production-oriented industries.
If deflation is allowed to continue, the scale of production will gradually shrink, and even if enough gold is found to mint coins, it will take many years to recover.
The first thing Fatel solved was the problem of money.
What is the nature of money?
A transaction equivalent certificate, no matter what the material of the certificate is, as long as everyone can use it to buy something, it is money.
In fact, in Fatel's collection of books, it is mentioned that before the last Three Realms War, the kingdom in the penal colony also introduced banknotes, also known as tokens and pawn coins, but their credit went bankrupt within a short time of circulation.
Fatel VI's grandfather...the fifth generation, not the fourth generation.
The shortage of gold in Fatal is not a recent problem. The Fifth Emperor once sent people to study whether the ancient paper currency system could be further improved.
After researching and researching, I always feel that there are huge hidden dangers.
It is true that the empire's credit endorsement can achieve a certain degree of popularity, but the money is too easy to come by, and it is difficult to guarantee that it will not be widely printed in the year of catastrophe. Once currency credit goes bankrupt, even if the empire mints precious metal currencies in the future, it will be difficult to return to the existing usage penetration rate, and tax and other related issues will become more prominent.
The sixth generation should be grateful to the fifth generation for being cautious and leaving him the path of issuing banknotes.
While preparing for the implementation of banknotes, they also sent people to the Phoenix Kingdom to learn from it.
No diplomatic channels were used, just waves of intelligence investigation teams.
The Phoenix Kingdom does not use precious metal currency, and its properties seem to have some similarities with banknotes. So banks here and in surrounding areas were quickly targeted.
Banks and banks seem to be the same, but several correspondents in Phoenix City suddenly realized it after staring at the listing price of Phoenix Bank for a while.
Perhaps paper money can be linked to gold to stabilize the purchasing power of paper money!
The Phoenix Coin is not linked to gold but to iron, but you can't tell it just by looking at the listing price. After several years of training in the surrounding areas, the business environment has stabilized. The listing price includes gold, silver, coal, oil, various The prices of different precious metal currencies and bulk materials are relatively stable and do not change every day.
Fatel's investigation team also cannot understand the relationship between labor force and currency value. Even if they ask local people paid questions, they will not ask relevant questions. Of course, it is easy to misunderstand the relationship between Phoenix coins and gold.
However, there are mistakes. Linking paper money to gold is indeed a way. It can use relatively small gold reserves to support a total currency several times larger. It is definitely much better than direct coinage, and it is also more efficient than simple paper money. Stablize.
When the investigation team sent back the information along with the listing price for half a month, Fatal VI immediately felt as if he had seen a gold mine and was so excited that he didn't sleep all night.
The listing price of Phoenix Kingdom not only provides the idea of linking banknotes to gold, but also points out the key node, which is a transcendent currency pricing agency similar to Phoenix Bank.
Phoenix Bank does not interface with ordinary civil servants, but is only responsible for the exchange of various types of currencies and precious metals.
As for Fatal, as long as there is such an institution that can absorb enough banknotes and ensure gold exchange, the value of banknotes can be recognized.
If the Purchasing Power of banknotes can be generally recognized by the Fatel people, conservatively speaking, the total supply of money can be expanded three times. At least during the Three Realms War, there will no longer have to worry about currency, and the hidden dangers of unrest caused by currency collapse can also be eliminated. eliminate!
What's even better is that you don't have to destroy the Phoenix Kingdom to do this!
To be honest, as the feedback from various investigation teams was continuously sent back to the capital, King Fatel VI's evaluation of this kingdom had been improved many times, and he gradually realized that even if all the Imperial City Guards were pulled out to fight, they would be wiped out. With half of the opponent's cities and population, the outcome is still uncertain.
The productivity of this kingdom is outrageous, and it is still rising at a rate of tens of percent every year, as if there is no limit.
A comprehensive analysis of intelligence by the Black Guards in the Imperial City, who are only responsible to Fatel VI, shows that the per capita productivity of non-food products in the Phoenix Kingdom is about eighteen times that of the Fatel Kingdom. If no response is taken, this number will be very high. It will soon expand to fifty or a hundred times.
Even for grain-based products, with the recent sales of tractors gradually forming a large scale, there is a trend of productivity improvement.
The huge productivity gap has caused the cost of the same product to drop significantly. Needless to say, even with banknotes as a shield, there will still be a large net outflow of Fartel's currency in the future.
Excessive net currency outflows can either be solved by war, which has already failed once, or by issuing excessive amounts of currency to delay the situation.
If you don’t improve your own productivity and balance the gap between import and export, you will die slowly!
With this understanding, King Fatel VI was looking at the implementation of banknotes while looking for someone to study countermeasures.
He was not kept waiting for too long, and the plan presented below was a replica tractor.
Tractors can fully replace animal power and can also increase agricultural income. In agriculture, the productivity gap between the two sides is now very limited, and Fatel has a significant scale advantage.
The point is that the threshold for this thing is not high, and there are examples of successful imitation in Heishui City and Pangxun City.
After hearing the report, King Fatel VI was a little confused: "I heard that recently, a truck capable of transporting tens of thousands of pounds of supplies appeared on the roads of the Phoenix Kingdom. There are also... some kind of locomotives on the railway."
"Your Majesty, it's a diesel locomotive."
"Yes, diesel locomotives, why can't we copy these two?"
Although he privately felt that this question was a bad one, the minister still had to answer: "Your Majesty, the production of heavy-duty trucks requires the support of dozens of mature manufacturing companies, and we don't even have a bolt with the same strength as theirs." It’s too early to talk about that. The system of diesel locomotives is larger and more complex. We must at least have experience in railway operation before we can consider whether to import or manufacture them ourselves.”
The minister's words were very pertinent, but the Sixth World still felt awkward: "Can't our mighty Fartel Empire come up with a system for producing heavy-duty trucks? If we can't make bolts, we'll find a way."
The minister knew that something would happen if he continued to emphasize the gap, so he quickly gave in and said, "Yes, Your Majesty, I will contact various ministries to build an industrial zone, but the financial side..."
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