Chapter 2524: The economic crisis of the empire (1/2)
Li Yao and Li Jialing said that the true human empire has been set in the center of the Xinghai for millennia, and the legal currency is called ”imperial crystal coin” because the initial currency system was linked to high-purity spar.
At the beginning, there were a full 500 million tons of the best spar, as the backing of the empire crystal coin, every dollar of the empire coin can be unconditionally exchanged for 0.1 gram of the best spar.
”Superior” spar is not an exaggerated modification, but has strict standards. Only a spar with a purity of 95% or more can be marked with the word ”extreme”. It is purer than the best spar, and it is only very rare. The essence of it.
Such a guarantee gave the Empire Crystal Coins extremely strong credit and vitality, and helped Black Star Emperor Wu Yingqi to beat the weak economic and financial system of the Old Xinghai Republic to a complete collapse.
Spar is the crystallization of ultra-high-purity energy. It is indispensable for the daily practice and battle of cultivators, the food, clothing, housing and transportation of the common people, and even the colonization of alien stars. Therefore, it is a super hard currency that is a hundred times harder than gold and silver.
Since Empire Crystal Coins can be directly exchanged for the best spar, the people of course are willing to choose this currency. Choosing the Empire Crystal Coin means choosing the Empire, but it is the old Xinghai Republic that has soared prices, inflation, and decay. Kicked into the gutter, er, not the gutter, but the Starlight Federation on the edge of the star sea.
To be honest, Wu Yingqi and his children and grandchildren, let alone how evil these aloof immortals are, at least for the first 500 years of the rise of the empire, the purchasing power of the empire's crystal coins was quite strong.
On the one hand, the number of the best spar looted from Xinghai has increased from 500 million tons to 5 billion tons, guaranteeing the solemn promise that the imperial crystal coin can be exchanged for the best spar anytime and anywhere.
Money is stored in the bank for interest, but it does not increase in value when converted into spar. In the early days of the empire, the price of various spars was strictly controlled. If anyone dared to make waves in the spar market, he would have to be shot. It is inconvenient to trade directly with spar on the Internet. Naturally, not so many people will store too much spar, and the risk of a run is not high.
On the other hand, the new conquest of the world has brought a steady stream of war dividends and an expanding market. During those five hundred years, the various sects and families of the empire were expanding wildly. In the golden years of prosperity, the entire society was prosperous and colorful. The soap bubbles are getting bigger and bigger. Even if the value of the currency is diluted, people's incomes have also risen sharply. Even ordinary people in the core area can share the war dividends. Life is not bad. Of course, it is a firm belief in the empire and a firm belief in your Majesty. Have strong confidence in the Empire Coin.
However, such a true human empire with flowers and flames, just after its 500th birthday, internal and external troubles broke out at the same time.
Internally, several consecutive court battles of ”Nine Dragons seizing the concubine” have greatly hurt the vitality of the royal family. The four major electoral families took advantage of the situation to rise, and usurped them in the name of ”four meritorious veterans jointly promote the emperor and maintain the stability of the royal family” Power of government.
Externally, all the rich worlds have been incorporated into the empire’s territory. The cost of conquering the war and the difficulty of management have increased significantly. Coupled with the continuous war of attrition with the Holy League, the empire has lost a lot of blood and reached the goal of expansion. limit.
A country of immortality such as the true human empire, its vitality lies in its constant invasion and conquest, using the blood and bones of the conquered to pour the prosperity of the conqueror.
Once the pace of conquering stopped, the soap bubble burst suddenly.
The first economic crisis that swept the entire empire broke out. Many people went bankrupt overnight. All kinds of bonds, stocks, and equity they bought became a piece of waste paper. More people owed debts that would never be paid off in their lives. The people became slaves.
At that time, there was one of the most famous cases. There was a high-ranking immortal cultivator named Pang Qingyun, who claimed to have a way in the court and knew that the court was about to launch a ”five million light-year expedition”. He breathed a sigh of relief. Conquer the Great Thousand Worlds marked on a dozen or twenty ancient star maps, and he Pang has obtained the right to follow-up colonization and management of three of the Great Thousand Worlds. He has a nose and an eye.
In order to raise a large amount of development funds, he split these colonization and management rights to sell, and promised a super high rate of return, such as ”doubling ten times a year for three years” and so on, tempting a large number of greedy people to invest in their wealth. .
In the beginning, Pang Qingyun did what he said. Not only did he return high interest rates on time, he also dragged investors to various starports, saying that this is the empire’s expeditionary force, that is, his colonization fleet, which is delicious and delicious. Not to mention, I also made a variety of beautiful renderings and even immersive illusions, depicting the bright future of the development of the new colony, and all investors are flickering and exulting.
In the end, not only a large number of people invested a lot of money, but even many immortals and even sects believed in him, and smashed the coffin board into the illusory colonization plan.