Chapter 2950: Chapter 2938 a piece of waste paper
Translator: 549690339
Following Lina’s instructions, when these hooligans went out to collect protection fees again, they would no longer recognize the bank-issued notes, but only wanted moon crystals.
Although the influence of these hooligans was limited, they had made a good start. After all, the current currency devaluation was too terrifying. In just a few days, its purchasing power was less than 1% , although this rate of devaluation had allowed many people to resolve their debt crisis, they had encountered a crisis of survival.
The rapid devaluation of the currency had robbed the ordinary people of their remaining wealth. As a result, the ordinary people had lost confidence in the currency. At this time, someone had taken the lead and no longer recognized the currency issued by the banks, after the conversion of the lunar crystals, the others quickly followed suit.
Although the lunar crystals had been abandoned by the government for a period of time, its value was still stable. After all, it had been an equivalent item in the gamma dimension for hundreds of thousands of years. Therefore, its value had always been recognized.
Therefore, in just two to three days, almost all the shops and individuals in the market stopped accepting paper currency. When they were trading, they only accepted lunar crystals. Even if it was a barter, they would not accept paper currency anymore.
“Boss, the money in the market is no longer in circulation. No one recognizes it anymore,”Anita reported to Jiang Fei.
“Yes, I understand. I have to consult the magistrate about this matter,”Jiang Fei said with a nod. This result was what he wanted to see, so it was not out of his expectations at all.
“Boss, is there a way to solve this situation?”Said Anita, who surprised Jiang Fei.
“Why are you asking about this all of a sudden?”Asked Jiang Fei.
“You know, I have also surpassed the Moon Spirit Crystal before, so I have a lot of money…”Anita was the one who had stopped earlier. She had avoided the debt crisis, but she had been dragged down by the inflation this time.
Although a large amount of money had been devalued, they could still buy things. If this thing was completely useless, it would be over!
“If you can, spend as much money as you can. You can buy anything, as long as it’s physical!”Jiang Fei said.
“Okay, Boss!”Anita’s heart jumped. Although she knew that the money was likely to be voided, knowing the details in advance could reduce a large amount of losses. This kind of insider information was sometimes very valuable.
“Alright, Go Do your work. I’ll go to the magistrate.”Jiang Fei stood up and left. Actually, he had said this to Anita on purpose. After he had said this.., anita would definitely throw out a large amount of the currency in her hands. Moreover, it was impossible for her not to tell her close friends. At the same time, those people would also tell their relatives and friends.
As the currency spread, the rate of depreciation and invalidation of the currency became faster and faster. In the end, the ones who would have to pay for it would definitely be the ordinary people who had no information, when that time came, they would definitely be wiped out by the inflation.
The asymmetry of information was the best weapon that the elite class used to loot the ruled. Every time it was used, it was very effective. Moreover, it was very smooth. After all, the rules were set by the elite class. As the ordinary people of the ruled.., there was only one way to choose.
Anita was very efficient. On the way to the Governor’s mansion, she and her family and friends began to take action. They began to buy moon crystals in large numbers. They did not even ask for a price, no matter how much money they paid, they would not hesitate because the money would soon become waste paper.
After two days of preparation, the market no longer recognized the currency issued by banks. The common people and merchants began to use the moon spirit crystals to trade. However, at least the government departments were still using currency to collect taxes, the public service industry was also collecting paper money.
Therefore, many speculators were still willing to earn the difference in price. The small amount of moon spirit crystals in the hands of the common people could not be kept for long. After all, they had to eat and drink. These things could not be obtained without money.
After arriving at the magistrate’s mansion, Jiang Fei did not encounter any obstacles. He immediately met with the magistrate.
“I was just looking for you. What is the situation now? Why did these banknotes suddenly become unwanted?”The magistrate asked directly this time. He could accept the devaluation of the currency, however, he could not accept the abolition of the currency directly!
“My lord, I did not expect this to happen…”Jiang Fei pretended to be upset and said.
“Alright, I am not in the mood to pursue your responsibility. Just tell me if there is a way!”The magistrate said. Before Jiang Fei arrived, he had already discussed with his staff for a long time. If there was a way.., he would immediately send Jiang Fei to prison. He was too short of a person to attract the hatred of the common people.
However, in order to solve the problem at hand, the consul had no choice but to protect Jiang Fei. Therefore, he had to bear the brunt of many curses.
“Sir, there are still two ways. The first one is what I said before. Abolish the currency directly. Then, enter the military officer mode. All materials will be collected together. Then, we will implement the material distribution system,”said Jiang Fei.
“Why do you keep doing this? Is there no other way?”The archon frowned. He had thought about it for the past few days. In fact, if he implemented this plan, not only would he not lose anything, he could even make a fortune, after all, the Archon was the dictator of the gamma space. If all the resources were gathered, wouldn’t it all belong to him?
However, if that was the case, the elites and bureaucrats below would definitely not agree. This was equivalent to the archon robbing them all. If everyone did not agree, then the Archon would be the sole commander.., would he still be able to continue?
“The other method is obviously not as effective as this plan. We can only take it one step at a time,”Jiang Fei said.
“So, what do you plan to do next?”asked the consul.
“Then, we can only force the shops of all levels to accept money!”Said Jiang Fei.
“What if they don’t accept it?”asked the consul.
“If they don’t accept it, it’s against the law. Just arrest them! Sentence Them!”Said Jiang Fei as he gritted his teeth.
“Is that possible?”asked the consul.
“Only by using harsh punishments can we re-establish the legal status of money. Only then can we get the people to recognize it again,”said Jiang Fei.
“Alright. Since there is no other way, let’s leave it at that.”The consul nodded. Although he did not dare to go too far against the top-tier rich and elites.., it was not a problem to oppress these small and medium-sized merchants and the common people.
If you find any errors ( broken links, non-standard content, etc.. ), Please let us know so we can fix it as soon as possible.
Tip: You can use left, right, A and D keyboard keys to browse between chapters.
Chapter 2950: Chapter 2938 a piece of waste paper
Translator: 549690339
Following Lina’s instructions, when these hooligans went out to collect protection fees again, they would no longer recognize the bank-issued notes, but only wanted moon crystals.
Although the influence of these hooligans was limited, they had made a good start. After all, the current currency devaluation was too terrifying. In just a few days, its purchasing power was less than 1% , although this rate of devaluation had allowed many people to resolve their debt crisis, they had encountered a crisis of survival.
The rapid devaluation of the currency had robbed the ordinary people of their remaining wealth. As a result, the ordinary people had lost confidence in the currency. At this time, someone had taken the lead and no longer recognized the currency issued by the banks, after the conversion of the lunar crystals, the others quickly followed suit.
Although the lunar crystals had been abandoned by the government for a period of time, its value was still stable. After all, it had been an equivalent item in the gamma dimension for hundreds of thousands of years. Therefore, its value had always been recognized.
Therefore, in just two to three days, almost all the shops and individuals in the market stopped accepting paper currency. When they were trading, they only accepted lunar crystals. Even if it was a barter, they would not accept paper currency anymore.
“Boss, the money in the market is no longer in circulation. No one recognizes it anymore,”Anita reported to Jiang Fei.
“Yes, I understand. I have to consult the magistrate about this matter,”Jiang Fei said with a nod. This result was what he wanted to see, so it was not out of his expectations at all.
“Boss, is there a way to solve this situation?”Said Anita, who surprised Jiang Fei.
“Why are you asking about this all of a sudden?”Asked Jiang Fei.
“You know, I have also surpassed the Moon Spirit Crystal before, so I have a lot of money…”Anita was the one who had stopped earlier. She had avoided the debt crisis, but she had been dragged down by the inflation this time.
Although a large amount of money had been devalued, they could still buy things. If this thing was completely useless, it would be over!
“If you can, spend as much money as you can. You can buy anything, as long as it’s physical!”Jiang Fei said.
“Okay, Boss!”Anita’s heart jumped. Although she knew that the money was likely to be voided, knowing the details in advance could reduce a large amount of losses. This kind of insider information was sometimes very valuable.
“Alright, Go Do your work. I’ll go to the magistrate.”Jiang Fei stood up and left. Actually, he had said this to Anita on purpose. After he had said this.., anita would definitely throw out a large amount of the currency in her hands. Moreover, it was impossible for her not to tell her close friends. At the same time, those people would also tell their relatives and friends.
As the currency spread, the rate of depreciation and invalidation of the currency became faster and faster. In the end, the ones who would have to pay for it would definitely be the ordinary people who had no information, when that time came, they would definitely be wiped out by the inflation.
The asymmetry of information was the best weapon that the elite class used to loot the ruled. Every time it was used, it was very effective. Moreover, it was very smooth. After all, the rules were set by the elite class. As the ordinary people of the ruled.., there was only one way to choose.
Anita was very efficient. On the way to the Governor’s mansion, she and her family and friends began to take action. They began to buy moon crystals in large numbers. They did not even ask for a price, no matter how much money they paid, they would not hesitate because the money would soon become waste paper.
After two days of preparation, the market no longer recognized the currency issued by banks. The common people and merchants began to use the moon spirit crystals to trade. However, at least the government departments were still using currency to collect taxes, the public service industry was also collecting paper money.
Therefore, many speculators were still willing to earn the difference in price. The small amount of moon spirit crystals in the hands of the common people could not be kept for long. After all, they had to eat and drink. These things could not be obtained without money.
After arriving at the magistrate’s mansion, Jiang Fei did not encounter any obstacles. He immediately met with the magistrate.
“I was just looking for you. What is the situation now? Why did these banknotes suddenly become unwanted?”The magistrate asked directly this time. He could accept the devaluation of the currency, however, he could not accept the abolition of the currency directly!
“My lord, I did not expect this to happen…”Jiang Fei pretended to be upset and said.
“Alright, I am not in the mood to pursue your responsibility. Just tell me if there is a way!”The magistrate said. Before Jiang Fei arrived, he had already discussed with his staff for a long time. If there was a way.., he would immediately send Jiang Fei to prison. He was too short of a person to attract the hatred of the common people.
However, in order to solve the problem at hand, the consul had no choice but to protect Jiang Fei. Therefore, he had to bear the brunt of many curses.
“Sir, there are still two ways. The first one is what I said before. Abolish the currency directly. Then, enter the military officer mode. All materials will be collected together. Then, we will implement the material distribution system,”said Jiang Fei.
“Why do you keep doing this? Is there no other way?”The archon frowned. He had thought about it for the past few days. In fact, if he implemented this plan, not only would he not lose anything, he could even make a fortune, after all, the Archon was the dictator of the gamma space. If all the resources were gathered, wouldn’t it all belong to him?
However, if that was the case, the elites and bureaucrats below would definitely not agree. This was equivalent to the archon robbing them all. If everyone did not agree, then the Archon would be the sole commander.., would he still be able to continue?
“The other method is obviously not as effective as this plan. We can only take it one step at a time,”Jiang Fei said.
“So, what do you plan to do next?”asked the consul.
“Then, we can only force the shops of all levels to accept money!”Said Jiang Fei.
“What if they don’t accept it?”asked the consul.
“If they don’t accept it, it’s against the law. Just arrest them! Sentence Them!”Said Jiang Fei as he gritted his teeth.
“Is that possible?”asked the consul.
“Only by using harsh punishments can we re-establish the legal status of money. Only then can we get the people to recognize it again,”said Jiang Fei.
“Alright. Since there is no other way, let’s leave it at that.”The consul nodded. Although he did not dare to go too far against the top-tier rich and elites.., it was not a problem to oppress these small and medium-sized merchants and the common people.
If you find any errors ( broken links, non-standard content, etc.. ), Please let us know so we can fix it as soon as possible.
Tip: You can use left, right, A and D keyboard keys to browse between chapters.
