"Lant Galloping Horse, Willie's favorite, a distant visitor, can finally talk to you alone."
In the Capital of Wealth, in the residence of Rudolf Schulz, the high priest of the goddess of commerce and wealth, there is a small temple belonging to the priest alone.
At the beginning of the private meeting between the priest and Lant, golden light appeared in his eyes, and a majestic voice sounded throughout the hall, indicating that it was the goddess of commerce and wealth who spoke in person under the guise of the priest.
"Your Majesty..." Lant suddenly panicked. The distant visitor the goddess mentioned must not just mean that he came from the Galloping Horse Plains.
"Some things are neither secrets nor big things in front of the righteous God. Those who are favored by Willy don't need to worry." The goddess's meaning is very clear. This little thing about your time travel is not important at all, and God doesn't care either.
After understanding the meaning, Lant quickly leaned over to thank him and said carefully: "I wonder what your Majesty's orders are?"
Heljalena, the goddess of wealth, is one of the few ancient gods who are still active. She has followers all over the continent. There are business temples in almost all cities. And although this goddess is a dragon, she is still an ancient god. It is on the same level as the God of Life Lucoa and the Earth Mother Goddess Gemmetra, much higher than the ordinary dragon gods, monster gods or human gods. Lant was a little flattered that such a god came in person.
"The magic furnace is the foundation of wealth. Now that you have the right to build the magic furnace, you have the right to issue currency!" The first words the goddess spoke made Lant tremble.
"Issue currency?"
"Yes, currency is issued." The goddess nodded, "Now the entire gold coin system is based on the magic furnace. The total amount of magic generated by the magic furnace within a certain period of time has been determined at the beginning of its construction. , and the magic power used by worldly civilizations for production and creation mainly comes from the magic furnace.
Currency serves the circulation of magic power, so the magic furnace is determined to be the anchor of currency. The Temple of Commerce allocates the total amount of gold coins based on the total number of magic furnaces in the world, and then the civilization that can control the magic furnace issues its own currency. "
"So, the Temple of Commerce and Wealth is actually the central bank of this world?" Lant thought silently in his mind.
"It's what you think. However, now that you can independently produce and install magic furnaces, if you cannot issue new currencies in time, a large number of high-end currencies will be produced in a short period of time, causing currency deflation.
On the contrary, if you build a large magic furnace in a short period of time and issue currency uncontrolled based on the newly created magic furnace, it will cause hyperinflation." The goddess paused, "You must understand the meaning of these two simple words, inflation and deflation, right? "
The words of the Business Goddess refreshed Rant's understanding of the world. He originally thought that the currency of this world was monopolized by magic nobles, but today he suddenly learned that this world actually has a global central bank and financial system.
However, what is very different from Lant's hometown is that the currency circulation in this world is not based on the will of the ruler, but in the name of the will of the righteous god, adjusting the circulation of funds according to the flow of magic power.
Lant thought for a while, felt something was wrong, and quickly asked: "I can understand inflation and deflation, but have these two phenomena occurred in the human empire?"
Since humans cannot make magic furnaces, according to the wishes of the Goddess of Wealth, humans cannot really create currency. They can only recast ready-made gold coins into the image of the God Emperor.
"The human empire does not have it, but the goblins have done it before. Back then, they relied on their ability to build magic furnaces and began to issue magic furnace bonds. Then they used the bonds to re-guarantee and finance, and continued to increase leverage, creating a massive amount of financial derivatives. The interest Instead of repurchasing bonds, they even plan to build magic furnaces all over the world!" The goddess's tone gradually became unbearable, and she was obviously deeply troubled by this matter.
Listening to the plot, Lant seemed to think that this routine was very familiar. Sure enough, the characteristics of capital were similar no matter which race or world he encountered.
But thinking of this, Lant felt something was wrong: "Your Majesty, I am a little curious about history. Since it is financial derivatives and bonds, it should not affect the value of gold coins? After all, the total amount of gold on this planet is not fixed. Really? The total amount of gold coins and magic furnaces is fixed, so how can there be currency depreciation?"
"You have reached the key point: this planet," the goddess said meaningfully, "human beings were able to travel across the stars hundreds of years ago, and the goblin civilization can build its own magic furnace, but it is still unable to mine from the stars?"
"Ah, this..." Although Lant didn't know the principle, he said he was greatly shocked.
"They collected huge amounts of heavy metals from the stars and cast them into various gold coins, bonds, and derivative tokens. The legendary mechanics of the goblins were qualified to build magic furnaces, so several major families surrounding them began to issue various Financial products, the goblin empire also has to issue various construction bonds, stocks and financial products to absorb the financial products of various families."
"Less than 200 years have passed, and the financial order of the entire goblin civilization is in jeopardy. Correspondingly, the proliferation of magic furnaces has brought about uncontrollable tidal fluctuations in the magic network, and they wish that the entire world would be destroyed because of their greed. "
So Goblin is a financial empire, right? Rant's heart kept churning, and he quickly continued to ask: "Then what?"
The goddess's tone changed from fierce to calm: "Then they were cursed by the magic network. A large number of magic furnaces broke away from the magic network. The massive gold coins, bonds, and financial derivatives held by those goblin investment families suddenly caused a global malignancy. Inflation, it took almost a hundred years just to deal with the extra money!”
"Huh? How can we deal with the excess currency?" Lant suddenly became interested and wanted to learn from the advanced experience of the ancient gods. "How do we deal with the excess currency and bonds in this world?"
"Don't the Dragon Clan like to collect gold coins? They release them and grab them directly. Oh no, they recycle the excess currency. There were many members of the Dragon Clan back then, and more than 2,000 of them were high-level and above. They just dispersed. It took almost a hundred years to find them."
"Good! Simple and efficient, with low side effects!" Lant praised it unconsciously, finally understanding why the Dragon Clan can be the goddess of wealth. With a large amount of military support, they are really good at collecting wealth.
From the words of the goddess of wealth, Lant tasted another meaning, that is, the empires, civilizations, cities and families in this world are just handlers of magic, not owners. The empire can indirectly control the flow of magic through taxation and financial tools, but it cannot truly control the magic.
The goddess of wealth possessing the high-ranking priest saw that Lant almost understood the relationship between wealth and the magic furnace, so she quickly said: "That's why I meet with you today. I am in charge of wealth and commerce, and supply the world with sufficient currency itself. That is our duty, but we must also nip hyperinflation and deflation in the bud.”
It was obvious that what the goddess was talking about here was strangulation in a physical sense, so Lant quickly nodded in approval.
(End of chapter)
