He soon expressed his interest in John to his staff, and with the help of his staff, the two met at an aristocratic cocktail party.
During the banquet, John behaved gracefully and politely, and was also very talkative. One of his sentences was:
"The financial difficulties that Demetria is currently facing are actually due to a lack of currency, not the kingdom's lack of productivity." Duke Farhad's eyes suddenly lit up.
This sentence actually coincides with Farhad's previous reform idea. His idea was to resolve the fiscal dilemma through monetary regulation, but he did not figure out how to implement it specifically.
He proposed many solutions but they were basically rejected by his staff after analysis. The successive rejections made him doubt himself. Perhaps this kind of thing should be left to professionals.
And John happens to be Prince Surya's financial advisor. Is it possible...
When he made this request, John flatly refused. The reason he gave made Farhad unable to get angry, 'I am here for vacation, but that doesn't mean I am free. Essentially, I am still Prince Bratt's advisor, and I have to go back after having fun.'
At the end, John added, "Actually, the solution is quite simple. The problem the kingdom is facing right now is that it doesn't have enough precious metal reserves. Without gold and silver, it can't trade. So if we need to use something as a value anchor, wouldn't it be enough to learn from the Seris Alliance and issue paper money?"
John's seemingly careless words made Farhad suddenly realize, "Yes!", issue paper money! But what is the basis for issuing paper money, and how to make people have confidence in paper money, this is another problem.
Because he doesn't understand this aspect, or doesn't understand it very well, at present only the Seris Union adopts the gold standard as the credit basis.
To this end, the alliance has been actively acquiring gold storage, causing the price of gold to remain high worldwide.
It also specifies standard gold bars with coded numbers issued by the central bank of the alliance as the basis to further control the gold in the market.
What I mean by all this is that the kingdom is actually very short of precious metals. Here I am referring to the kingdom’s finances, not the people’s hands.
The country's reserves of both gold and silver are not enough to endorse the issuance of its own paper money, and it has to mobilize the private treasuries of other nobles and bishops... To be honest, unless you confiscate their property, I guarantee that they will all cry poor.
As I said, he may not understand professional matters, but he can find professionals to do them. And John, who can directly point out the crux of the problem, is undoubtedly the best among the professionals, an expert!
Fahad first politely invited John to his own manor to have fun, and at the same time he quickly contacted Prince Bratt, who was a diplomatic representative in the Seris Alliance, through a dedicated line for emergency communication.
After persuading him with emotion and reason, and paying a small price, Blatt reluctantly agreed, which made Farhad very happy.
After hanging up the phone, Blatt turned to look at Medea who was drinking tea not far away and asked respectfully: "Your Majesty, what else do you need me to do next?"
"Need not."
Medea put down the teacup and said leisurely: "The show has begun, how can we be absent as guests who come to watch it?"
As someone who was almost teaching John step by step, Medea naturally knew how John would start. The financial problem of the Holy See was the debt and the trade surplus turning into a trade deficit, which resulted in the income being unable to make ends meet.
The country can only borrow money from domestic princes and nobles, but this money is not lent to you for free. After the interest has accumulated over the years, it is estimated that the financial pressure within the Holy See has reached its peak.
If you want to restart the economy, you must inject money into the market without affecting the overall situation and solve the monetary problem as a priority.
However, metal currency has a huge problem, which is that it is inconvenient to carry and difficult to circulate. At the same time, the Vatican also has the problem of insufficient reserves of precious metals, and the money supply is not enough to support development and repay debts.
What is the solution?
There is only one way to issue paper currency, using the glorious silver coins circulating within the Vatican, the land resources belonging to the kingdom, and the credibility of the royal family and the Vatican as collateral.
That is to say, John established the Vatican Bank to issue paper money with the guarantee of the royal family and the Vatican, as well as the internal silver coins of honor of the Vatican.
The Holy See and the Kingdom would definitely agree to John's request because it was feasible no matter how you looked at it.
This is feasible, and it is precisely because it is feasible that it gives Medea room to operate.
The reputation of the royal family and the church is worthless to her, but the glory silver coins collected in the bank vault under the dual orders of the church and the royal family are very valuable~
Chapter 159: Union Bank and New Route
The minting volume of the Glory Silver Coin is actually not very large. It represents a certain political significance. However, because its purity is slightly higher than the common silver coins and it is exquisitely made, it has a certain premium.
And because they are only circulated internally, it is very easy to collect and recycle these glory silver coins.
Things went as she expected, very smoothly. The royal family was even more anxious than John. The king and Duke Farhad went in and out of the Vatican headquarters several times a day to meet with the Pope and discuss the same thing.
After so many times, the Pope, who was originally hesitant, finally agreed to provide credit endorsement for the Vatican Bank.
The king spent a large amount of money to purchase advanced paper money making equipment from the Seris Alliance through Blatt.
With the help of many parties, John opened the "United Bank" in the capital. At the call of the Pope, a large number of believers held the Glory Silver Coins and stored them in the United Bank.
John began to issue new banknotes using this as a currency anchor, and at the same time announced to everyone in the Vatican that every currency he issued could be fully exchanged.
And there are sufficient reserves as a guarantee.
At the same time, John, who has transformed himself into a banker, promises everyone that at any time and any place, everyone can hold his banknotes and exchange them directly with the bank for the same number and weight of glorious silver coins on that day.
Therefore, the first batch of John banknotes had the statue of the goddess of light on the front, the emblem of the Holy See on the back, and the date of issuance, 3259, printed below as a record.
The exchange time of 3259 means that the value of this banknote corresponds to the value of the 3259 Glory Silver Coin.
In other words, no matter how the kingdom's policies change in the future, the paper money printed by John will have nothing to do with the content of gold or silver coins or the exchange rate, and will not change the value of the paper money.
In other words, John gave this Vatican banknote unparalleled credibility through the dual credibility of the Vatican and the royal family, plus his own guarantee.
Such paper money would naturally make the people in the country believe in it, and would naturally solve the problems of insufficient precious metals and inconvenience in carrying that he had raised before.
He fully mobilized the kingdom's resources and injected new currency into the kingdom, easing the severe economic situation in the kingdom. Even the Seris Alliance recognized the value of its currency.
John immediately became a hot figure in the Vatican.
The church even awarded him the title of honorary cardinal, and the king gave him a noble title, and the path to the powerful class was completely open to him.
Through this, he acquired and merged, and together with the nobles of the Vatican, unified the major caravans that traded with the Seris Alliance to form a joint company specifically responsible for trade with the Seris Alliance.
Taking this opportunity, a large number of fake Glory coins quietly flowed into the United Bank vault along the trade routes and were exchanged with the same number of real coins, gradually completing the process of replacing the prince with the cat.
After successfully exchanging the counterfeit money for the real money and reserving only 10% of the real money for the United Bank as an emergency reserve, Medea temporarily stopped contacting John.
Now John has a huge reputation within the Vatican, but the subsequent operations cannot be carried out for the time being. Moving too fast is not a good thing, so let John develop freely for a while.
Before she wanted to press the detonator button, the support of this theoretical system was absolutely flawless, and it was also the way most countries dealt with their currencies.
So she wasn't worried that John's crime would be exposed one day.
At the same time, the Vietnam Alliance Fleet completed unloading at the Port of Courva in the Mantegle Empire, and began its return journey loaded with the empire's goods and raw materials.
During the voyage of more than a month, a large number of sea monsters appeared and caused trouble. Fortunately, the firepower of the Zhiyuan-class cruiser was enough to solve these troubles.
The returning force turned and sailed towards a farther distance halfway through its journey.
While the empire was selling goods, a large number of intelligence personnel stayed behind to integrate into the empire and gather information, allowing the Seris Alliance to gain a certain understanding of the surrounding situation.
The Mantogorod Empire shared the Caspian Sea with several countries, and on the other side of it there was a small continent with three kingdoms on it.
In the beginning, the three kingdoms were one, but later they split into three and fought each other for years. The fleet's goal was to trade with them under the pretext of the caravan and leave some nails behind.
As a result, before they even saw the mainland, they encountered a pirate fleet on the high seas. To be honest, Ma Long, the commander-in-chief in charge of this ocean-going expedition, couldn't help but grin when he saw the size of the pirate fleet.
There are more than a hundred warships, and there are more than twenty level 3 and level 2 battleships added up. In the past, this would have been the quality of a kingdom's fleet. This must be the Pirate King!
Who would still be a pirate after getting to this point?
However, the number of wooden sailing ships no longer posed any threat to the current Alliance Navy. The first round of shelling easily achieved a cross-fire, which meant that the impact point was very accurate.
After two rounds of main gun firing, the Pirate King raised the white flag of surrender~
They brought the captives to their lair to clear them out, and then raised the flag of Seris. The Alliance then had an island of its own in this area.
It can be said that it was easy to get it, there really is no bad guy in One Piece~
As for the leader who was asking about which kingdom he belonged to, Malone raised his hand and shot him dead.
Ma Long said that this group of people were pirates and deserved to die. As for what he said at the end, no one said they heard it clearly.
After dropping anchor near the island, a large number of Alliance citizens went ashore and built infrastructure, including long-distance communication arrays, so that information could be transmitted back to the country through layers of jumps.
Due to problems with cable laying and signal receivers, wireless transmission of information is not yet possible. Although the price of using magic communication is staggering, information is often the most valuable thing.
Along the route, one of the advance fleet ships successfully docked at the port of one of the kingdoms, while the other two ships were kept in a state of combat readiness with full power to prevent any emergencies.
Turning a power boiler on and off is not a matter of pressing a button. If you want to restore power output after stopping the boiler, a lot of time will be wasted just preheating the boiler.
This is also the weakest moment of a battleship. It is just a fixed turret with movable main guns.
It is worth mentioning that at the beginning, the kingdom was actually unwilling to let the fleet of the Seris Alliance dock. It was only after constant communication that it was allowed, and there was only one ship.
It was not until she landed that Tina understood why, because the capital of this country was the port city beneath her feet.
After hearing the news, Tina waved to the guards around her to report the situation and asked everyone to be careful about their words and actions.
The enemy's palace is less than ten kilometers away from the dock, and the main guns on the battleships have a range of...
If the enemy knew the range of their warships' main guns, it's estimated that even if the three warships were killed, they would never be able to get in.
Chapter 160 New, Astaire!
Tina walked on the busy and noisy streets, seeing vendors in linen, strolling nobles in luxurious robes, and all kinds of carriages. It felt like she was dreaming back to Seris thirty years ago.
Tina's smart and exquisite navy blue military uniform also attracted the attention of passers-by. In addition to the fact that the fabric of the uniform was obviously good, it was more because of her gender.
There was not just one woman dressed as an officer but a group of them. To them, the scene was truly magical.
The port officials who were in contact with them kept introducing their country's special products to them, and occasionally glanced at Tina and others' facial expressions to see if they were interested in anything.
Tina and the others requested to dock in the name of the caravan vanguard guards. With the help of their female status and the few guns on the steel battleship, the other party reluctantly agreed.
Except for a few countries that have been seriously attacked by the Alliance or have seen the Alliance attacking others, the mainstream view of other regions on warships is that the more guns they have, the more deterrent they are.
Moreover, the gun barrel looks very slender, like a water pipe compared with the mighty and majestic artillery barrel of the Imperial Navy on the other side.
Normal people don’t have much idea about caliber, and they don’t understand that the caliber of a cast iron cannon without the thick barrel may not exceed 180mm, let alone the 210mm main gun of Seres.
So when Tina said that she and her crew were escorting a large caravan, no one really questioned it. They looked like one.
'Our New Astar Freeport has very rich fishery resources. Fine salt and various special pickled products are best-selling products in other countries. We also have a special gem with a magnificent appearance...'
"Wait! What do you call this place?"
Tina suddenly interrupted the other party's endless chatter.
The port trade officer was a little puzzled: "New Astell Freeport... Our capital is called New Astell..."
The officers, big and small, who were following Tina around also stopped and looked at each other, and saw the same shock in each other's eyes.
Although few people mention the Alliance anymore, how could they not be familiar with this surname?
Tina barely suppressed her pounding heart and asked, "Is this the surname of a noble royal family?"
'yes...'
Tina quickly traced back the Queen's genealogy, which was less than a page long. In addition to Ackerman, there was also an uncle Murat who died early in her grandfather's generation.
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