king.

Chapter 368 Debt Storm
I don't know when, a rumor that the Principality of Moxi went bankrupt and the Alpha Kingdom defaulted on its debts spread across the continent.

Almost at the same time, the number of people who sold the bonds of the two countries suddenly increased.The high-yield bonds that originally had a premium are also being sold with tears at this moment.

Under the influence of panic, more and more people believe in rumors.The lower the price of the bond, the less likely anyone will buy it.

Under the leadership of those who are interested, countless bondholders have asked the governments of the two countries to pay in advance.

Looking at the reports sent back by envoys stationed abroad, Caesar IV lost a lot of hair again.

Before ascending the throne, he longed for power; after taking this position, he realized how difficult it is to be a king.

It is tiring to deal with it by yourself; to delegate power to subordinates is to worry that the power will be left behind.

"This is the feedback from all over the world. If this matter is not handled well, the bonds we issue internationally will face a big run.

We have called everyone here today to discuss how to avoid the outbreak of this bond run. "

While speaking, Caesar IV distributed the thick stack of documents in his hand to everyone.

The above content is similar, nothing more than from different places, just look at one copy.

After a rough scan, everyone's faces darkened.Obviously, the actual situation is more serious than what Caesar IV said.

"Your Majesty, the wave of bond runs is probably unstoppable. Rumors like this appearing all over the mainland at the same time, obviously someone is secretly manipulating them.

The enemy is coming prepared, and it is definitely not something we can resolve with a few explanations.

Now we must prepare for the worst and try our best to prevent the kingdom from going bankrupt in the run-on wave. "

The Grand Duke of Newfoundland said with a bitter face.

There is no doubt that the bankruptcy in his mouth is the bankruptcy of the government's reputation, not financial bankruptcy.

Once a large-scale bankruptcy breaks out, there is only one thing that the Alpha Kingdom can do - lie flat.

No money means no money, even if you sell everything you want, you won't be able to raise enough funds in a short period of time.

The nobles in the country can't count on it either, and the little nobles are already dying of poverty.The great nobles are still working hard to prepare for the battle, and it is impossible to take out the last family fortune to fill the hole for the kingdom.

Since it is destined not to pay back the money, then simply not to pay it back.Relying on these debts, the Alpha Kingdom's finances were immediately revived.

The benefits are visible, but the consequences are dire.

If you encounter trouble in the future, if you want to borrow money again, it will definitely be hopeless.

What's more troublesome is that the country's reputation is gone, and political and diplomatic activities will be affected.

The hatred of creditors is also a big trouble.

Those who can spend money to buy war bonds are not small leeks.

The big nobles shifted the risk, and the small and medium nobles who were late in the news not only did not run away, but acted as receivers.

They are also the ruling class, at least locally, they have a certain influence.

The hatred of one or two is nothing, the hatred of a group of people can also affect the political stance of the country where they are located.

"Is there no way to deal with it?"

Caesar IV asked unwillingly.

"Your Majesty, the total debts of the kingdom are as high as more than 600 million gold coins. Including loans between countries and bonds issued by us.

Among them, the domestic debt is about 600 million yuan. Don't worry too much about this part for the time being. The nobles will not be foolish to stab their knives at this time. What needs to be resolved is the international debt.

If the deal between us and the Kingdom of Hesse is successfully concluded, it is estimated that another 600 million to 800 million gold coins can be reduced.

For an optimistic estimate, it will be calculated based on 3000 gold coins.Among them, war bonds accounted for about [-] million gold coins.

Under normal circumstances, the bonds of 3000 million gold coins will not be rushed to us to pay all at once.

But what happened this time was clearly manipulated by someone secretly, and it cannot be judged according to normal economic laws.

Maybe at that time, the war bonds circulating in the kingdom may also be transferred out and appear in the wave of runs.

How much cash we need to prepare depends not only on ourselves, but also on the Principality of Moxi next door.

If they withstand the shock, under the guidance of confidence, we can calm down the storm by preparing 800 million gold coins.

But the Moxi people have already embarked on the road of borrowing new ones to repay the old ones. I am afraid that they will fall down as soon as the run on them breaks out.

At that time, the panic will be superimposed, and even if you prepare 3000 million gold coins, you may not be able to withstand the impact.

Maybe the governments of various countries will jump out and stab us and collect debts in advance. "

The data will not lie, Marquis Delgado's words completely cut off Caesar IV's thoughts.

800 million gold coins, everyone can find a way to make up. 3000 million gold coins, then don't think about it, the Alpha Kingdom is not that rich.

Perhaps because he felt that the words just now were too absolute, after hesitating for a while, Marquis Delgado added:

"Your Majesty, there is still a solution, but the consequences are a bit serious, and the gains may even outweigh the losses.

If we acquiesce in the Kingdom of Dante and the Kingdom of the South Shore going north to annex the Counties of Grint and Nadal, we may be able to pay back 1000 million gold coins less.

If we go one step further, acquiescing to the annexation of the Kingdom of Oprus by the Franks, the annexation of the Kingdom of Avalat by the Kingdom of Iberia, and the acquiescence of the Holy See to invade the Kingdom of Turan...

If the ambitions of all countries on the continent are satisfied, then our debt problem will no longer be a problem. "

There is nothing wrong with it, the debt problem does not exist in this way, and it is all transformed into a national defense problem.

In less than ten years, the continent of Aslant will transition into the era of "hegemony".If you are lucky, the Alpha Kingdom can become one of the overlords, if you are unlucky, it will die halfway.

"Marquis Delgado, your thinking is too simple. Not to mention the sequelae of doing so, the acquiescence of the Kingdom of Light is not as valuable as you think.

In the Northern Continent, our right to speak is indeed very important, but when it comes to other parts of the mainland, that's the case.

Unless it is a proclamation to stand up and support them, there may be some possibility, but there is not much hope.

Compared with a dispensable support, everyone is more willing to exclude a competitor first. "

Earl Francis said solemnly.

Only those engaged in diplomacy know how unfavorable the current international situation is to the Alpha Kingdom.

This debt crisis seems to be planned by someone, but is it not the result of the collusion of various countries?
If there are no acquiescence from a few major powers, who has the ability to launch the whole continent together!

……

Compared with the entanglement of the Alpha Kingdom, the Principality of Moxi, which is also deeply in debt crisis, is another scene.

In the back garden of the palace, King George was making tea and chatting leisurely with a group of princes and ministers, without any trace of tension.

"Have you found out who is targeting the Principality?"

George asked calmly.

After a series of behind-the-scenes manipulations, the Moxi Principality has secretly settled most of the debts by "inheriting knowledge and repaying debts with special cultivation resources".

The current trend of running on people is just a show deliberately staged to deceive people.

After all, their transaction broke the current unspoken rules.

It takes time to transform theoretical knowledge into strength, and the small and medium-sized nobles involved in the transaction need more secrecy than the Principality of Moxi.

Once the news leaked out, the Principality of Moxi would certainly be suppressed by all parties, but these traders would be doomed.

King George, who hadn't found out that someone was secretly planning and watching the show, wouldn't bother to pay attention to these disputes.

"Your Majesty, all direct clues have been cut off. However, according to the speculation of the nobles who traded with us, the mysterious person who found them may come from the Holy See.

According to the comprehensive analysis of various data, their main target for this operation is the Alpha Kingdom, and we are just their pawns to attack the Alpha people.

These guys tried in vain to crush the principality's finances through a bond run, forcing us to default on our debts, which would trigger a larger panic and ignite the Alpha Kingdom's huge debt mine.

It's a pity that these people have calculated thousands of times, and they didn't expect that the principality has solved the debt problem.No matter how big a wave is set off now, it is doomed to be useless.

If the Principality's finances don't collapse, everyone's confidence in the Alpha Kingdom will not be shaken.

After all, on the surface, the financial situation of the Alpha Kingdom is much stronger than ours! "

Count Renato said gloatingly.

Obviously, even if there is no definite evidence, he still believes that the Holy See is behind the scenes.

No matter what the reason was, Count Renato didn't have any good feelings for the Holy See who wanted to push them into the abyss of hell.

It is also a kind of enjoyment to not be able to provoke the behemoth of the Holy See, and to be able to watch their plans fail and suffer.

"It really is the Holy See!
I don't know what the Alpha Kingdom did to make the Holy See hate it to the core, so it didn't hesitate to make such a big deal.

If I guessed correctly, they would at least have to lose hundreds of thousands of gold coins for the frenzied suppression of bond prices this time.

But this is also good, the alliance between our two countries will be more stable if the Holy See adds chaos to the Alpha Kingdom.

The three major kingdoms in the middle of the country are about to move, and the trend to the north is already unstoppable. The principality still needs time to recover, and now it needs the Alpha people to stand in the front.

Send a copy of the found information to Caesar IV.By the way, tell them: the principality is united at this moment, and all the nobles will unite to deal with the crisis, and it will not be so easy to be defeated. "

George frowned.

Make bricks without straw.

Watching opportunities come to him helplessly, limited by the lack of strength of the Principality of Moxi, he can only choose to restrain his ambitions.

……

In the mountainous territory, Hudson was happily welcoming the opening of the canal, imagining the next great economic development of the territory, and received a blow to the head.

The turbulent debt crisis swept across the Alpha Kingdom, as if the whole world knew the news overnight.

Anyone with a little bit of political savvy knows what to face in the event of a run on the bank.

It’s fine if the bonds in your hands are reduced to waste paper, the key is the political and economic impact.

Hudson didn't bother to think about the political crisis.When the sky falls, the tall man will bear it first, and let the king and the ministers worry about it.

But economic problems are unavoidable.

The market in the Seven Kingdoms of the Grassland that was finally opened up with great difficulty may be closed directly. Even if it can be kept, the price paid will not be small.

The next maritime strategy must also be readjusted.For the time being, international trade is out of the question. In the next few years, let's do domestic trade with peace of mind!
Emerging aristocrats are so hard-pressed, even a little trouble can cause a major impact.

If it was replaced by a well-established old nobleman, he would definitely not be so flustered.

Take the Dalton family as an example. They are also engaged in international trade, so they are not afraid of such disturbances.

As far as Hudson knows, they have regular partners in many countries on the mainland.

There are not a few marriages with each other, and everyone has established a community of interests long ago.

Not to mention political fluctuations, even if two countries go to war, it will not affect their continued business.

……

"Count, Mr. Jose has already entered the territory. Because of his family members, he is expected to arrive at the Lord's Mansion in five days."

Tom's words made Hudson's face less sad.After planning for so long, he finally succeeded in poaching corners.

(End of this chapter)