The Fourth Lingshi Financial Crisis

Since the trade in the Arctic State is mainly based on the daily necessities of mortals, and the voyage distance is very long, the overall profit margin of this route is also quite meager, far less profitable than the outlying island trade, and even worse than the trade route from Haiya City to Yangjiang Port The profit rate is high, but its advantage lies in the huge volume of trade.

Since the billions of mortals in the entire Arctic state are supported by major ocean-going traders, the total trade volume of the Arctic state route has gradually accounted for [-]% of the entire Eastern Ocean trade. This market share is still located in the south The major cultivation chambers of commerce in the Southern Man State hardly participated in the trade in the Arctic State.

And the trade volume of Huoyun State itself can account for nearly [-]% of the Eastern Ocean trade.

If the Fire Cloud State and the Arctic State reach a free trade agreement, it means that nearly [-]% of the entire Eastern Ocean trade will be controlled by the Shenhuozong. If the Sea Cliff Chamber of Commerce, which accounts for about half of the Eastern Ocean trade share, also chooses to join This trade alliance (after the Sea Cliff City crisis, this is almost an inevitable result), then about [-]% of the trade flow of the entire Eastern Ocean trade will be covered by this "North East Ocean Free Trade Zone".

If things really develop to this stage, there will be too many things Tian Daxiao can do.

As we all know, the strength of financial power, in the final analysis, is the strength of the real economy behind finance.

On the earth, the euro can challenge the status of the dollar just after its birth, because at the beginning of the 21st century, one-third of the global trade volume was related to the euro zone countries, and even the use of the euro was once higher than that of the dollar, and the euro gradually moved towards The weakening is also directly related to the declining share of the euro zone in the global economic aggregate.

If Tian Daxiao can master this super trade alliance, he can even establish the "Second Lingshi Reserve Bank" affiliated to Huoyun State at any time. Relying on the terrifying trade flow in Arctic State, this newly established Lingshi Reserve Bank can almost directly obtain It has the same credibility as the existing Lingshi Reserve Bank.

Based on Yang Lu's understanding of Tian Daxiao, combined with Li Qingyang's evaluation of Tian Daxiao at the beginning, he even felt that Tian Daxiao organized the establishment of "Northern Ocean Free Trade Zone" for this purpose.

Moreover, economic integration is always the precursor to political integration. If Tian Daxiao's political skills are superb enough to allow the Six Extreme Northern Sects to smoothly integrate into the trade system dominated by the Shenhuo Sect, the future Shenhuo Sect is even expected to develop across two states. At that time, the title of the world's largest faction may have to change hands!

Although Yang Lu never underestimated Tian Daxiao's strategic layout, this time he was still shocked by the opponent's big hand: "Hiss... When did Tian Daxiao infiltrate the Arctic State like this?"

Qu Jing explained in a deep voice: "The six extreme north schools in the early years are similar to the casual cultivators in Antarctica today, and they are the most inconspicuous existences in the entire Kyushu cultivation world. Living space. Although the Six Extreme North Sects became stronger and formed a loose alliance under the leadership of Liuyun Sect, and temporarily got rid of the control of the Seven Great Sects, the Six Extreme Northern Sects still have the legacy left by the Seven Great Sects. shadow."

"Elder Qu means..."

"Now Yuejianshan, which ranks third among the six extreme northern sects, was a semi-vassal sect protected by the Shenhuozong back then, so Yuejianshan has always been very close to the Shenhuozong, which is why they will actively respond to the Shenhuozong. action."

Hearing the history of the six extreme northern sects introduced by Qu Jing, Yang Lu suddenly showed a look of enlightenment: "No wonder... If this is the case, then which sect protected the Hanguangjian sect back then?"

Qu Jing looked meaningfully at the direction of the headquarters of the Wuliang Sword Sect and said, "We were a sect protected by the Wuliang Sword Sect back then, but after the formation of the alliance of the six extreme northern sects, the Wuliang Sword Sect seemed unwilling to continue to maintain the former sect. It's a relationship, especially after Lu Yang, the president of Lingshi Reserve Bank, took power and pushed Yin Huaiyuan's Arctic Cold Palace to the position of the boss of the Arctic State, the relationship between us has naturally become more and more cold."

Hearing what Qu Jing said, Yang Lu was a little confused about the truth.

After all, according to the official history of the comprehension world, President Lu probably did not intend to support Yin Huaiyuan back then, but no one participated in the wild wasteland development plan led by him at first, and only Yin Huaiyuan, a monk in the Nascent Soul Stage, signed up to respond. Let the Arctic Cold Palace pick up a big deal.

But from the perspective of the Light Sword Sect, this seems to have become an act of betrayal. It is no wonder that the Light Sword Sect not only does not like the Wuliang Sword Sect, but even sends people to help the Haiya faction to fight against the Wuliang Sword Sect.

Compared with the Wuliang Sword Sect and the Hanguang Sword Sect that parted ways, the Shenhuo Sect has always intentionally maintained a good relationship with Yue Jianshan, which also allowed Tian Daxiao to find a breakthrough in the united battle against the Arctic State.

While Yang Lu was thinking about it, Qu Jing continued to introduce the situation in the Arctic State: "Yuejian Mountain has always been closer to the Shenhuo Sect, and Tian Daxiao also used the power of the Sea Cliff Chamber of Commerce and the Arctic Cold Palace to separate Put pressure on us and Haiyuan Island, if the two of us can reach an agreement, then four of the six extreme northern sects are willing to join Tian Daxiao's free trade agreement, and the two votes of Liuyunzong and Aurora Pavilion will be difficult to form. Objections."

Yang Lu nodded and said: "Actually, the core of the problem is the Arctic Cold Palace. Without the support of the Arctic Cold Palace, Tian Daxiao would not be able to get the two votes for Haiyuan Island and the Arctic Cold Palace. Now Tian Daxiao already has three votes in his hand. The Haiya Chamber of Commerce won the last and most crucial vote in your hands, and now he can be regarded as a poor man!"

Qu Jing also sighed softly: "Although there are various signs that the Arctic Cold Palace has been controlled by the Shenhuo Sect, no one knows why Tian Daxiao can force Yin Huaiyuan to act as his lackey, just like everyone knows, Tian Daxiao Why can the Sea Cliff Chamber of Commerce be persuaded to put so much pressure on our Lightsaber Sect..."

Obviously, Qu Jing didn't know what happened the night Lin Jianxing visited Haiya City in person, nor did he know that the Haiya Chamber of Commerce's pressure on the Hanguangjian faction was the core condition for Shenhuozong to protect the Haiya faction.

Since the other party didn't know about it, Yang Lu naturally didn't intend to bring it up.

After all, although Qu Jing told himself a lot of things today, most of these things are not secrets, either they will be announced soon, or there is no evidence to prove it, and it is not worth Yang Lu's exchange of insider information.

So Yang Lu changed the subject and brought up another matter: "Since you suspect that Tian Daxiao has turned the Arctic Cold Palace into his own puppet, why did you choose to join this free trade agreement instead of boycotting it collectively? The Sea Cliffs can put pressure on you, but they are only your allies after all, not your superiors..."

Qu Jing chuckled, and said disapprovingly: "Although Tian Daxiao tried his best to promote the "North East Ocean Free Trade Zone", it does not mean that we will suffer losses if we join. Now everyone can see that the Lingshi Reserve Bank has been reduced to Lin Jianxing This puppet, this person has never had any credit at all, and even plans to use the Lingshi Reserve Bank to pay their Zhongzhou Chamber of Commerce's bad debts. If this case is opened, we out-of-state cultivators will probably become leeks under Lin Jianxing's sickle. !"

After Qu Jing's explanation, Yang Lu has fully understood.

In fact, the Hanguangjian Sect is similar to most other cultivation sects outside Zhongzhou. They have long distrusted the Lingshi Reserve Bank under the control of Lin Jianxing. However, just like the difficulties faced by other overseas sects, except for the Lingshi Reserve Bank issued Apart from stone coins, they have no other alternative currency options.

If any comprehension force refuses to accept Lingshi coins, it is equivalent to excluding itself from the Kyushu trade cycle, and the consequences are even more serious than a certain country on the earth being kicked out of the SWIFT system by the US imperialists. After all, the earth is not only the US dollar, but the entire world. In the Kyushu cultivation world, apart from spirit stone coins, only spirit stones can barely be used as currency.

However, the Lingshi-based currency system has long been recognized by practitioners as having huge flaws.

The most obvious problem is that the market price of each spirit stone has reached more than 14000 spirit stone coins. In addition, the spirit stone itself cannot be cut again, which makes it impossible to carry out small retail business activities in the mortal world, even during the refining period. It is impossible for cultivators to spend in units of spirit stones at ordinary times, and if cultivators and mortals use different currencies, the economic system of the entire Kyushu realm of comprehension will not be able to function normally.

As early as Ye Lun's era, the Kyushu cultivation world adopted the three-base currency system of gold, silver, and spirit stones. High-level practitioners traded with spirit stones, and mortals and low-level practitioners traded with gold and silver, and Ye Lun led the way. The seven major faction currency alliances, and then set an official price for the exchange rate among the three currencies.

In the early years when the price of Lingshi was not so expensive, this financial system was still barely able to operate. However, as the population of the Kyushu cultivation world continued to grow, the number of practitioners continued to increase, and the price of Lingshi spot increased day by day, entering a long-term appreciation channel. However, for the cultivators, gold and silver do not have the property of hard currency. Therefore, soon there will be situations where cultivators only recognize spirit stones but not gold and silver, and even the supply of gold and silver itself is insufficient.

Therefore, the three-standard currency system established by Yellen was finally replaced by the spirit stone voucher system established by Bo Nanke.

However, Bo Nanke's monetary system has not changed the habit of mindless hoarding of spirit stones by cultivators. As a result, the total amount of spirit stone coupons used for circulation is still unable to meet the increasing trade demand. It further increased the global demand for currency, and also challenged the foundation of the existence of Lingshi coupons that cannot be exchanged across states at will, which led to the smuggling of Lingshi coupons and once became the pillar industry of Haiya City.

So far, the world of comprehension has developed to the fourth-generation currency system. If you want to reverse the car and return to the era of Lingshi standard, you will go against the trend of history, and you will definitely cause great trouble.

Therefore, the only way to break the situation is to issue a new generation of Lingshi credit currency.

But the problem is that Lingshi coins can become the mainstream currency in the Kyushu cultivation world, not because Lingshi Reserve Bank has the exclusive right to issue currency, but because Lingshi coins are essentially endorsed by the equity of the seven super Lingshi veins , Looking at the entire Kyushu cultivation world, there is no asset with stronger credit than the seven major mineral veins.

However, the seven super spirit stone veins are firmly held by the seven major sects of Kyushu. The earliest spirit stone coins were actually issued by the Wuliangjian sect who took the initiative to pledge their own water spirit stone veins. At the request of Immortal Feisheng, each took out a part of the equity of their own Lingshi mines and listed them on the stock exchange of Wuliang Jianpai, which further enhanced the credit of Lingshi coins, and this is how the Lingshi coins that are used in Kyushu today come into being.

If other comprehension forces want to issue a new spirit stone credit currency instead, they must master one of the seven super spirit stone veins, otherwise this new currency will have inherent shortcomings in terms of credit endorsement. This is the fatal problem, completely blocked This eliminates the possibility of ordinary comprehension forces issuing new currencies.

Even if the Arctic Cold Palace unified the Arctic State and possessed a combat power no less than that of the seven major factions, as long as Yin Huaiyuan could not change the super spirit stone veins, he would not be able to provide enough credit endorsement for the currency he issued, and naturally he would have to Not recognized by other cultivators.

After all, if you can't provide a strong enough collateral, why are other cultivators willing to exchange their life's wealth for the IOUs issued by you?Aren't everyone afraid that you will turn your face and deny others?

In fact, in the past 500 years, there have been many fraudulent incidents of illegal fundraising under the banner of "issuing new currency" in the field of comprehension in Kyushu. It is exactly the same as the ICO of the currency circle on the earth, which has caused countless leeks to lose their money.

Therefore, when ordinary practitioners hear the phrase "issuing new currency", they will almost instinctively feel vigilant, just like the instinctive reaction of ordinary people on earth when they hear "have you heard of Amway?"

It is as difficult as ever to prove that the currency issued by oneself is not a scam of misappropriating money.

And that's just one of the reasons.

The more important reason is that the Wuliang Sword Sect had the biggest fist in the cultivation world of Kyushu at that time.

Although they hadn't ascended in the daylight when the Lingshi coins were issued, Ma Tianyi at that time was already recognized as one of the greatest cultivators in thousands of years, and also the second person who had cultivated to the Yuan Dynasty since the second crisis of heaven. A cultivator of the Dzogchen realm.

Even if the heads of the other six major factions at that time were shoulder to shoulder, they might not be able to beat the head of Ma before the ascension.

And just a few months after the official release of Lingshi coins, Ma Tianyi completed his merits and virtues and successfully entered the fairyland, becoming the No.