Ding ding ding ding~~
Early in the morning, in the streets of Mondaniya, the new capital of Weilan, people were walking around with hammers hitting iron bars.
Knocking and shouting.
"Big event~~Big event~~~"
"The gold coins compensated by the Lion King are going to be deposited~~ If you want to watch the fun, get ready~~"
"Countless gold~~The most gold you will ever see in your life~~"
Following this sound, the residents of Mondaniya City immediately pricked up their ears.
The word gold naturally has a powerful effect of attracting the mind.
So people started to ask about the details.
With such voices, more detailed information gradually surfaced.
'Aaron's compensation gold coins were delivered to Mondania, a total of more than 20 million lion gold coins, equivalent to 180 tons of gold!'
'The money will be deposited into the vault of the Citizens Bank of Veran."
"To celebrate the arrival of the huge indemnity, the Duke ordered a ceremony to hold the gold coins to be displayed to everyone.'
'The ceremony will be held at Guanhu Square in front of the bank in the morning ten days later.'
As soon as the news came out, there was a huge sensation in the new capital.
There is so much gold. If you don't take a look at it to feast your eyes, your life in Mondania will be in vain.
In fact, the news spread not only in the city of Mondania, but also in all the county towns in Weilan.
Since the residents of Mondaniya City were close by, they stayed at home and waited for the storage ceremony in ten days.
However, many residents of other cities in Weilan began to prepare early, crossing mountains and rivers to come to Mondania to watch the excitement.
Many people even begged along the way, it was like a pilgrimage.
By the evening of the seventh day, the Guanhu Square in front of the bank was already crowded with people.
Anyway, it is still early autumn and not cold, so countless people sleep on the streets just to get a good spot to watch the fun.
As the instigator of the incident, Rosen did not expect the situation to become so heated.
He could only explain that the other world had magical powers, the people had high average physical fitness, and the hardware for watching the fun was relatively strong.
To avoid a stampede, he sent a large group of city guards to Guanhu Square to maintain order.
In this chaotic situation, time passed quickly.
It is the dawn of a new day again. The sun slowly rises in the sky, bringing the slightly hot autumn sunshine to the world.
The discussions in Guanhu Square gradually became louder.
"When does the ceremony begin?"
"Is that the Citizens Bank headquarters? It's magnificent."
"Will His Excellency the Duke show up?"
"Did Aaron really lose so much money?"
This time someone answered, and it was a resident from Dawn City.
"Aaron really lost so much money that he had to use several warships to escort the gold coins out, one truck after another. It took a whole day to finish!"
"The Aaron people will be cursed now."
"What can we do? Our Lord the Duke is the nemesis of the Aaron people."
At this time, no one noticed that among the countless audiences, there was a middle-aged woman with an extremely ordinary appearance.
She hid in the corner, listening to the buzzing discussions around her, her deep red, almost black eyes revealing a look of great interest.
When it was 8:30 in the morning and the sun was about an arm's length from the horizon, a dull "wooooooo" sound came from the edge of the square.
Soon after, news came from the crowd at the front.
"Here they come~ Here they come~~~ There are several black stone cars emitting green smoke~~~"
"The trunk is sealed with glass and filled with gold!"
"So much gold~~~"
"What a bright golden light~~~"
As the news came out, the noise in the square increased tenfold, almost turning into a condensed and visible sound wave.
With the entry of Blackstone, more and more people saw the gold.
There were a total of twenty Black Stone carts. The cargo boxes were very low and one could see the contents of the cargo boxes by just standing on tiptoe.
The bucket is covered with a highly transparent glass cover. Through the glass, you can clearly see that the bucket is filled with bright yellow gold coins.
The sunlight shines through the glass and onto the gold coins, instantly reflecting a dazzling golden light.
This is 180 tons of gold and more than 20 million gold coins.
They were piled up in the truck bed like mud, making the blood boil in all the spectators.
A cart loaded with gold was driving slowly in the square, showing the endless gold in the cart.
Wherever the car went, the audience would stand at attention, take off their hats, and pay high tribute to the endless gold coins.
There were also poets at the scene who couldn't help but express their emotions.
"Ah~~Just let me die on gold!"
The farmer who had been farming all his life had his beard trembling.
"Hey, there is more gold here than in the earth."
Some wizards didn't believe it and thought it might be an illusion.
So they used various detection techniques to test it.
The Duke has issued an order allowing everyone to use non-aggressive detection spells on cars.
Along the way, gold was subjected to countless spell tests.
There was only one conclusion: these were indeed real gold coins! As a result, these commoner mages were all shocked and lost their minds.
From the endless gold, they felt the power of the country and also the insignificance of the individual.
Finally, the vehicles crossed the spacious square and drove into the headquarters of the Citizens Bank of Weiland one after another.
There is a high platform at the entrance of the headquarters, surrounded by a large circle of guards, and standing on the platform is the Duke in formal attire.
The Duke's voice was transmitted throughout the square through the magic of Voice of the Sky, reaching the ears of every spectator in the square.
"Citizens of Veran, this money is Aaron's war reparations."
"They will remain in the vault of the Weilan Citizens Bank and will never be used unless Weilan is in danger of national destruction."
"Because this money belongs to all citizens of Weilan!"
“Wooooooa ...
Just a few words ignited the enthusiasm of all the audience, and people's cheers broke through the sky.
The Duke's words sounded very straightforward, and everyone thought they understood them and felt that it was the right thing to do.
This money was saved to deal with Weilan's crisis, just like an ordinary family saves money on a daily basis to deal with various unexpected events in life.
The Duke's voice sounded again.
"We will use this gold coin as a guarantee to issue small, anonymous bank deposits to all citizens of Weilan."
“I believe you have all seen samples of deposit receipts.”
"In the past three months, a bounty of 10,000 Oggs has been issued to the entire Natural Alliance, and at least 50 waves of challengers have come. But as of today, no one has been able to earn this money."
"It's safe enough!"
Everyone can understand this and agree with it.
Because the extremely high bounty of 10,000 Oggs has long been deeply rooted in people's minds, and countless people are paying attention to this matter, but the bounty has not been reduced.
The Duke continued to shout: "But even so, we will still be extremely cautious and will still do everything possible to prevent the property of Weilan citizens from being damaged by counterfeiting."
“To this end, we have introduced three measures.”
After a pause, when everyone was focused, Rosen's voice from the sky rang out again.
"First, issue a special "Deposit Certificate Law". The law stipulates that any act of forging bank deposit certificates will be regarded as a provocation to national security and must be subject to the most severe punishment!"
"We will set up a special law enforcement guard to crack down on domestic criminals."
"For foreign criminals, no matter who they are, even if they are nobles or kings! Our navy will make them pay a huge price!"
"Just like Aaron, let him pay tens of millions of gold coins as compensation!"
This again caused huge cheers.
The people of Vilan were filled with pride, and their admiration for the new Duke reached a whole new level.
He beat Aaron to his knees and paid compensation. He is simply the god of war on earth!
After the heated emotions died down a little, Rosen continued.
“Second, even with all the anti-counterfeiting measures, we will be very careful with the deposit receipts.”
"We will issue as many deposit certificates as the amount of gold deposited in Citizens Bank!"
"It will never exceed the limit, causing the deposit certificate to be unable to be exchanged for sufficient gold coins from the bank!"
This statement is meant for professional businessmen. Ordinary citizens just listen to it and think it is reliable, but they don’t know what it really means.
Rosen certainly knew what this meant.
The reason why he kept talking about deposit certificates was just to make it easier for everyone to accept it. In fact, it is just paper money.
He also knew that he could issue more paper money than citizens had in bank reserves.
Because there are so many banknotes, no one would notice if more were issued.
The extra banknotes are almost money that appears out of thin air.
But he didn't intend to do that.
Or more accurately, he didn't plan to do it himself.
He believed that no one could resist the huge attraction of money that appeared out of thin air.
Soon, someone in the banking system would realize this and bring it up to him.
At that time, he will bring this matter up separately and let the country's knowledgeable people discuss it together to form a new consensus.
Of course, this is a later story.
Then, Rosen said the third point.
"Third, still in line with the principle of prudence, this new type of small-denomination bearer deposit will only be used in Mondanya City and Dawn City for the time being."
"Only when the new deposit certificate is fully mature will it be promoted throughout Weilan, and gold, silver and copper currencies will always be the legal currency of Weilan."
"So now, Weilan citizens who are willing to use the new certificates of deposit can go to the Weilan Citizens Bank headquarters and bank branches in various places to exchange them."
After saying that, Rosen jumped off the platform and left the Guanhu Square under the heavy protection of the guards.
Immediately afterwards, the headquarters of Weilan Citizens Bank burst open.
Suddenly, a large number of Weilan people rushed in.
Most of them are not for exchange, but for watching the fun.
Bank staff have all undergone rigorous training.
No matter who they were, they were treated patiently and warmly, and the relevant matters regarding the new deposit certificates were introduced in detail.
The endless gold coins were truly shocking, and the Duke’s personal promise is still ringing in my ears. The effect was quite good.
About one-tenth of the people directly took out various metal currencies and exchanged them for paper money at the bank.
Since then, paper money, a non-full-value credit currency, has officially moved from the aristocracy to the hands of ordinary people.
A month later, the bank's relevant statistics were placed on Rosen's desk.
Rosen opened it and took a look, a satisfied smile appeared on the corner of his mouth.
"Not bad, very good, much better than expected."
The 500,000 Oger banknotes prepared in advance have all been distributed among the people.
Even the 200,000 Oggs earned in a month were all redeemed.
700,000 Oger notes were exchanged, so naturally there was an extra 700,000 Oger in full-value metal currency in the bank.
According to the current trend, the metal currency that was previously distributed among the people due to the Chenxi Bank certificates of deposit will soon be collected again by the banks.
By then, the treasury of the Vilan Citizens Bank will have nearly 30 million Oger gold coins, plus Aaron's 18 million compensation, which will be 48 million Oger.
Standing in front of him was the first acting president of the Citizens Bank of Weyland.
He is a fourth-ring peak mage named Nolan, in his early forties. He was originally the president of a branch of Dawn Bank and has outstanding abilities. Now he serves as the acting president for Rosen.
He also looked delighted: "Your Excellency the Duke, this new type of deposit certificate is very exquisite. It is a good thing just for collection. People love it very much."
"There are countless people coming to the bank to exchange money every day. We can exchange as many as the Mint sends us."
At this point, he paused and lowered his voice.
"Your Excellency the Duke, I believe that this new type of deposit certificate can completely replace gold and silver currency for market circulation."
"Its cost is so low that after a while, when people get used to the new certificates of deposit, they can slightly exceed the limit of reserve exchangeable gold to obtain excess income."
Rosen smiled secretly in his heart: "It's coming now."
No one can resist the temptation of printing money.
But because the temptation is extremely huge, if it is not controlled well, it will plummet and cause extremely vicious inflation.
If five hundred thousand cleats couldn't buy a loaf of bread, then his position as Duke of Vilan would be over.
Therefore, this matter involves the destiny of the country, and we must be extremely cautious!
Then, he looked up at Nolan and said in a neutral tone: "Mr. Nolan, credit is the foundation of the existence of banks and the existence of the country. Are you advising me to break my promise to all citizens?"
Nolan's face turned pale in an instant, but he insisted because the benefits involved were too great.
"Your Excellency the Duke, I didn't mean that at all. I was just trying to maximize the utilization of the exchange gold."
"You see, although it is agreed that the deposit certificates can be exchanged for gold and silver currency at any time, it is impossible for everyone to exchange them together."
"The clerks have carefully calculated and put it into practice. As long as the excess is not too large, or even doubled, we can still safely fulfill the exchange commitment."
If the bank has 48 million Oge in reserves and issues more than twice that much currency, it is equivalent to the government having an extra 96 million Oge in its hands out of thin air.
At first glance, this seems very, very wonderful.
But Rosen was very sober.
He said in a serious tone, "I understand what you mean. How about this? Don't be impatient. Wait for a year or two and use your practical experience to come up with a mature plan."
"Wait until the first official Weilan Citizens' Assembly next year, and bring this up for a detailed discussion at the assembly."
"As for the present, just be honest and print as many deposit certificates as you have the exchange gold."
"Yes, Your Excellency the Duke."
Nolan nodded and continued the news: "Your Excellency the Duke, some foreign merchants also want to use this deposit certificate to facilitate overseas trade. Recently, more and more people have asked about related matters."
Rosen saw from the statistics that, especially in the port city of Dawn, more than a hundred foreign businessmen wanted to exchange their gold and silver currencies for certificates of deposit every day.
This is certainly a good thing, because in essence, Weilan is exchanging a pile of paper for gold coins of full value, and the seigniorage is collected directly abroad.
But Rosen did not plan to let the new deposit certificates go out so early, because Weilan's influence, especially military force, was not yet fully in place.
"For the time being, we will just use it in China. After all, it is not mature yet. Once the problems have been solved and there are no major shortcomings, we can move on to the next step."
"Yes, Duke."
After the acting president stepped down, Rosen drafted another order and asked the herald to deliver it to the Mint Director Goss, asking him to increase the production of new certificates of deposit.
After finishing, I stretched hard, walked to the floor-to-ceiling window facing the lake, and looked out at the lake to relax.
"It is not enough to simply anchor paper money to the KG, after all, the KG cannot be eaten."
“We still have to anchor the food!”
"Now, we can mine the guano fertilizer from the White Sturgeon Island on a large scale and use it to increase Weilan's grain production."
As long as the purchasing power of paper money for food remains stable, even if the prices of other non-essential commodities fluctuate like a roller coaster, there will be no major problems in the short term.
Currently, the entire Natural Alliance is also short of food, so increasing food production is a very profitable business.
"Danger lost 18 million Oggs, which is a lot of money. It's enough to build an industrial chain of electric carriages."
The electric carriage is an electric car, a superb replacement for the old-time carriages, and several generations ahead of Kao's Blackstone Steam Carriage.
This thing has a huge market demand. Once it is launched on the market, it will definitely earn Weilan a lot of overseas gold coins.
Just as he was secretly planning his future plans, his chief steward Alai came in to report.
"Master, there is a woman who calls herself Mediana Anslant who wants to see you."
Rosen quickly searched the database for the last name 'Anslant', but found nothing.
In other words, this person is not a noble from the Natural Alliance or the Glorious Empire.
He is a duke now, and not just anyone can see him. Alai knew this, but he still brought him here.
"Is there anything special about her?"
"She said she brought a method to transform lowly energy into high energy, and she showed a fifth-level magical power, so."
Rosen immediately became interested: "Then let her in."
(End of this chapter)