Chapter 415

Will the ancient and sacred sol covenant collapse?

The shocking view was difficult to accept for a moment, and even Sylvia had a serious expression. Victor said without any concern: "My inference comes from the actual situation of Randall collar. As we all know, with the development of new agriculture and animal husbandry, Randall collar's products have increased, and the construction of public transportation has brought prosperity to the market. However, the shortage of money has become an important factor hindering trade. On the rest days of each week, employees finish worship in the church in Pinghu Town, carrying a large number of copper sols to the market Goods, but because shops can't change, they adopt the way of bundling sales, but if employees don't want so many goods, they'd rather not buy them, so that employees form teams to purchase. " He shook his head and said, "but it's very inconvenient. Many transactions have been aborted and led to the shrinkage of Randall's transaction tax."

"So you're going to make new copper coins and have the permission of the Pope?" Asked Sylvia.

"Yes." Victor nodded and continued: "In fact, the problem of currency shortage is common. According to my statistics, the transaction price of commodities in yeliucheng market has decreased... Taking lard as an example, the total amount of lard sold to yeliucheng this year has increased by 7% compared with last year, and the price has decreased by 11%. The goods of other families are also reducing prices... Strangely, the transaction volume of commodities in yeliucheng has increased year-on-year 70% longer... The market is quite popular. "

Victor then said, "Jinshui city is the largest material distribution center in the Renma hills. I'm afraid the situation there is similar."

The fat Duke nodded heavily and sighed: "The trading volume of goods in Jinshui city has doubled, and the average commodity price has dropped by 15%... I have repeatedly asked the following lords not to raise so many pigs, but they asked me, why not raise pigs when there are so many Pennisetum on the terrace? In fact, no matter what the Lords raise and grow, the price of goods will fall when the territory is rich... We can't let the goods go The goods are rotten in the warehouse. Major caravans are desperately scavenging in the market of Jinshui city... Fortunately, the growth rate of the family's overall wealth is much faster than in previous years. "

Victor smiled and said: "The Wellington family, the Joshua family, the SoLIM family, and the chebman family, while selling goods in yeliucheng, buy a lot of goods at the same time. Although their sales profits have decreased, yeliucheng does not charge transit tax. The goods turnover is large, the capital turnover is fast, and they can purchase cheap materials. The advantages outweigh the disadvantages. However, in yeliucheng The most ferocious scavenger in the city is the four leaf clover business group! "

"I thought the four leaf clover business group was under Sophia. Until recently, I learned that the four leaf clover was under the name of the Wimbledon chamber of Commerce, and most of the managers and deacons of the business group came from the Tyrell family, the Queen's family. The four leaf clover business group can be said to be the Queen's Royal caravan." Victor Shen said: "the shipment volume of the four leaf clover business group in yeliucheng is very small, mainly some luxury goods, but its purchase volume is very amazing. Interestingly, the four leaf clover business group initially used silver sol for transaction settlement, and this year they began to use gold sol."

"I sent someone to investigate the direction of the four leaf clover caravan. There were signs that their caravan was full of goods, stopped briefly in westock, the Wellington family, and drove directly into brinor without unloading."

Hearing this, Sylvia gave nbiser a dull look. The four leaf clover business group is also the largest purchaser in Jinshui city.

The Duke of York picked up his napkin, wiped the sweat on his forehead and explained, "we have an agreement with the Wimbledon chamber of commerce that the four leaf grass business group can pass unimpeded. Moreover, they still hold the iron material transferred by Sophia to the Renma hills. I can't stop them from purchasing a large number of goods in Jinshui city."

Caitlina frowned and asked, "enbisser, you know that gold coins have no practical value. Why do you appoint a four leaf clover business group to settle with gold sol? What if we have money but can't buy materials? It's better to ask four leaf clover to sell rare materials such as medicinal materials and refined gold to Renma hills, otherwise they will limit their purchase in Jinshui city."

"How can it be so simple..." Duke York shook his head and smiled bitterly. He couldn't talk about the secret of trade with the two family guardians.

"Just store gold coins!" Victor patted the table and exclaimed.

Duke York laughed and said, "Victor still understands my plan. But..." soon, he frowned and said, "I'm really worried that those gold coins will be hit in my hand..."

"No!" Victor smiled and shook his head.

Sylvia looked a little slower, glanced sideways at Victor and hummed, "if kite Castle secretly mints jinsol, why won't our stored gold coins hit her hand? Explain it to me."

"Yes, I'm worried about this problem now. Raven town alone is not enough." The Duke of York looked at Victor with expectant eyes.

"Let me answer your questions one by one." Victor pondered for a moment and said: "For example, a golden sol can purchase 40 sheepskins, but now a golden sol can purchase 55 sheepskins. That's because there are more sheep, and the total amount of gold coins in the market has not changed, so the purchasing power of gold coins has naturally increased. The Regent saw that sheepskins have become cheaper, so he asked the four leaf clover business group to purchase sheepskins. They used up all the silver sol first and began to use golden sol, etc The gold sol was also used up. They found that the price of goods continued to decline. What should they do? The Auguste family only forged gold sol and silver sol once in 36 years. Before that, they could only watch others purchase goods at low prices. Therefore, the royal family must bypass the restrictions of the covenant and forge coins. The upper foundation of the sol covenant disappeared. "

"Let's look at the lower class people. Due to the shortage of copper and silver sols circulating in the market, in order to reach a deal, vendors can only use copper beads, silver beads, copper ingots and silver ingots as money. If they can't, they can use copper rings and silver rings... As long as the quality and weight of copper, silver and gold are no problem, they don't care whether the money is square or round. In this way, Sol's covenant is The lower foundation is gone. "

Sylvia nodded and concluded: "the total amount of materials is growing, and the existing currency can not meet the trade demand... For the royal family, the 36 year sol covenant seems to be a hindrance, and the great kingdoms must take back the coinage... The ancient sol covenant has really come to an end."

Victor turned to nbiser and said: "Lady Katrina is worried that money can't buy things. The Duke just worried that kinsol would hit her... These are actually two related issues, one is the trade channel, the other is the value of money. Raven Town, wild willow city and the double headed lizard chamber of commerce are all the trade channels we build. This issue doesn't need to be discussed for the time being. We only talk about the value of money."

Victor took a sip of snow ear tea and said to Sylvia, "the purchasing power of kinsol has increased. I call it gold coin appreciation. Lord nbiser saw the appreciation of gold coins, so he stored kinsol. He speculated that the commodity price will continue to decline according to the quantity of goods produced by the man and horse hills, and the reserve of gold coins can avoid the loss caused by price fluctuations."

Nbiser said, "less than half of the Kingdom's gold coins are stored in the treasure house of Jinshui city... That's Sophia's gold. I judge that the gold sol in circulation in the market is very limited, and there are 28 years before the next sol covenant, so I'm going to make a lot of money by using the stored gold sol and commodity price difference before casting coins in kite castle." After a pause, he said angrily, "I never thought that the Auguste family might bypass the sol covenant and cast gold sol and silver sol in advance."

"This situation is called currency devaluation." Victor shook his head and smiled, "but I have to say that the Duke's worry is superfluous."

"The currency devaluation will be caused by the circulation of money higher than the growth rate of commodities. Under the current situation, the possibility of currency devaluation is very small."

"First of all, gold is stable in nature, not easy to corrode and beautiful in color. It is a natural currency. However, the quantity of gold is rare. Even if the major kingdoms fully exploit gold, it can not meet the growing trade demand. Second, wise monarchs will not abuse money. They must reserve some gold and use the right to coin money to control prices within a reasonable range."

"Manipulating prices with money?" Sylvia looked moved, smiled and said, "but I don't want to be pinched by the royal family. Honey, your suggestion is..."

The man horse hill has the pattern of a principality, Sylvia has the ambition of founding a nation, the Duke of York and Katrina are in the center of the family, and there are the vassal lords of the family below.

From this point of view, they did not contradict Williams' tax reform. If Gambis's new tax can be implemented, Sylvia can legitimately install tax officials in the towns of each vassal Lord, so as to enhance the dominance of Rose Manor over the human horse hills.

How could Victor oppose the new royal tax when he cooperated with the Pope's 11 tax reform? Victor even welcomed the trade tax to a certain extent.

The Randall family has two development routes: one is clear and the other is dark. On the bright side, Victor shows the due attitude of the emerging Lord, respects the authority of the church and the royal family, and has a limited degree of flattery. Behind the scenes, he has to seize every opportunity to create favorable conditions for the expansion of the golden group.

If Gambis really collects trade tax, it will stimulate the growth of the golden regiment. Unfortunately, trade tax is just a gimmick of Williams. The vassal Kingdom has no ability to collect trade tax from independent Lords.

Victor was worried about Randall's new copper coins.

Although the Pope agreed with the Randall family to strike new copper coins, he asked that the new copper coins be linked to the copper sol. That is, how many copper sol Victor had in order to strike the equivalent new copper coins. If the Randall collar could not cash the copper sol, the joke would be big.

However, as a result, the cost of issuing new copper coins doubled out of thin air, and the number of new copper coins was greatly restricted. Forging new copper coins became a blood loss business.

Unless Victor can get the casting right of copper sol.

Due to the smelting process problems and the actual value of copper materials, ordinary lords cast copper sols without making any profit. No lords were willing to cast copper sols, and the church imposed the casting of copper sols in Gambis on the SoLIM family in a soft and hard way. The declining SoLIM family needed the support of the church, and they recognized it with their nose. The two sides have cooperated for nearly a century and have been working together for a long time It's not easy for Victor to take over the casting right of copper sol.

With the inside information and reputation of Randall family, the Pope has great courage and dare not entrust copper sol to Pinghu Town.

The Randall family did not have the qualification to cast copper sol, but the York family did. Therefore, Victor thought of backdoor listing. He brainwashed Sylvia with his shallow financial knowledge in order to arouse her interest in currency issuance rights.

Sylvia's asking for advice inspired victor. He said in high spirits: "gold is recognized by everyone as a circulating currency, and there is no mistake in storing gold. Storing Gold includes but is not limited to gold sol. Gold products, bullion and bullion should be stored. With gold reserves, we can formulate the rules of the game."

"I didn't expect that." Murmured the Duke of York.

Katrina hesitated and asked, "Victor, do you want us to make kinsol?"

Victor shook his head and said, "the authority of the church is inviolable, and the human kingdom needs a unified currency. No matter what changes take place in the sol covenant, the material, style and exchange ratio of gold sol, silver sol and copper sol will not change. As for the casting right of gold coins... It will not change in the short term."

"But one day, kinsol can be cast freely. We just have to wait patiently for the kingdoms to lift the lid and reserve gold in advance." Sylvia said.

Katrina's eyes lit up and asked, "what about silver?"

Duke York coughed and said slowly, "over time, the silver will change color and the loss of remelting will be great... The silver mine in the man horse hill is intact. We can store gold."

Victor then explained, "Mrs. Katrina, gold is unique. It guarantees the value of silver. How much gold you have, you can forge as many equivalent silver and copper sols. If one day gold guarantees the value of papyrus, you don't have to be surprised that papyrus is used as currency."

"Who is guaranteeing the value of gold?" Sylvia asked suddenly.

Victor thought for a moment and said, "it's the church. The church is using authority and credibility to guarantee the value of gold."

Sylvia shook her head gently. "It's power. The power of knights and priests checks and balances each other, and the resulting order guarantees the value of gold."

"Brilliant explanation." Victor did not mean his praise, but said, "in addition to storing gold, we can also forge copper sol..."

Sylvia tilted her head and smiled softly, "honey, that's your purpose. You want the casting right of copper sol."

"Honey, I'm fascinated by your wisdom and your beauty." Victor first complimented and said frankly, "yes, I need the casting right of copper sol. I can guarantee..."

"No need to explain. Casting copper sol is a thankless thing..."

Sylvia interrupted Victor's words. At the moment when he showed his disappointed expression, she said cunningly, "but how can I refuse your request if I prefer you so much?"

This love show Victor has a red face and red ears. Sylvia covered her mouth and smiled, while Katrina and nbiser were stunned.

Sylvia put away her smile and said faintly: "In two days, I will invite the Marquis of SoLIM, Madame Judy, the Duke of Joshua and Bishop Thain to the tea party of the York family. I think the Regent will try to transfer the coinage right of the SoLIM family to the chebman family... Count chebman is notoriously stingy. How can he agree to forge copper sol? I will deal with the rest naturally."

"It's getting late. You should leave for kite castle to meet the new king." Sylvia stood up and said with burning eyes, "Roland and goron are waiting for the blue taro in the human horse hills. I also expect the pharmacist of the August family to make the special blue taro medicine for the Golden Knight."