One Piece: Kaido the Beast Playing House.

Chapter 551 The plan begins

Let’s put Shanks and Buggy aside for now. At the same time, the world has undergone earth-shaking changes. The statement of the World Government has indeed made many people excited. They are ready to look for fish-men and mermaids everywhere and make a fortune. However, more people see another aspect, that is, the weakness of the World Government.

That's right, the World Government's statement not only failed to achieve the effect they wanted, but instead exposed their own weak nature. Behind the seemingly tough words, there is actually an alternative display of weakness due to the lack of direct attack capabilities. If the World Government was strong enough, Fishman Island would probably be in a state of war at this moment.

This also made those smart people start hoarding goods immediately. They took this opportunity to make the most of the goods, because every time the world government showed weakness or there was big news that was damaging to its reputation, another thing would definitely follow, that is, Pele's big dive.

That’s right, currency is a direct reflection of a government’s own capabilities. Although it is not 100% absolute, it is indeed true for the world government, because this requires talking about another peculiar underlying structure of the world government, which is the underlying framework of the monetary system.

As we all know, money itself is just a piece of paper. It has no value. What is valuable is what it represents, which is the so-called collateral. For example, the gold standard monetary system that we are most familiar with gives currency value through gold.

Then the weird thing comes. The collateral behind Bailey is not physical objects like gold and silver, but something illusory. Yes, it is the strength of the World Government itself. The value of Bailey is linked to the strength of the World Government itself. As a world where one man's army is a real objective fact, this seemingly joking situation is actually feasible, because the World Government is really capable of using its own power to forcibly stop inflation and other situations.

However, as I said before, whenever the World Government shows its weakness, Bailey will be greatly shocked, because whenever such a situation occurs, the World Government always needs to quell the situation by issuing rewards, and issuing rewards requires money, and this money is printed by the World Government.

Many people may think that the world government is so stupid? Because of its own weakness, it may cause the depreciation of the currency. If it prints more money, won't it depreciate faster?

Of course the world government knows about this kind of thing, but they are not actually worried about it. The first reason is that this kind of embarrassing thing only happens once in many years, and they can always solve the problem afterwards, and then use various methods to rebuild their invincible image. At that time, they will use a series of operations, such as Tianshang Gold, to regain Bailey and get rid of the impact of inflation.

But now, times have changed. The situations that have happened one after another in recent years are like someone swinging his arm and slapping the World Government in the face, slapping it left and right, and slapping the World Government's face to pieces. They are simply unable to carry out the previous series of operations and can only rush on the road of inflation without even time to brake. Now they can only pray that before they are crashed to death, the pirates will succumb to the crash before them. Of course, according to the current situation, the situation on the pirates' side is not very dangerous, but can only be said to be safe.

Businessmen who have discovered this situation in recent years are naturally unable to sit still when seeing the current situation. Perhaps to others, the devaluation of the currency is a terrible thing, but to businessmen like them, it is not a bad thing. On the contrary, it is their business opportunity. Because in the face of inflation, another thing that follows is also coming, that is, panic buying.

After everyone realizes that the Bailey in their hands is worthless, everyone will exchange the money in their hands for real physical objects as quickly as possible, such as food, precious metals, etc. Yes, what will happen next is a short-term bubble economy, a short-term trade boom caused by inflation.

Under such circumstances, how could those businessmen who had smelled the business opportunity in advance endure? They all started to stockpile goods, preparing to make a fortune this time. Some people even mortgaged all their assets and exchanged them for cash to stockpile goods, but unfortunately, this time, their ideas were shattered.

Because, the Four Emperors are gone! That's right, if we talk about who is the strongest business group in the whole ocean, then the Four Emperors are second, and even the World Government dare not say that it is the first. The industries of the Four Emperors now cover all aspects of people's lives. It can be said that from birth to death, everything can be arranged for you clearly. It can be said that the department store in the current Baique Department Store is no longer the original word with a little exaggeration, but a real department store. Even department store is not enough to describe the products in Baique Department Store. It can almost be said that anyone who enters Baique Department Store can find what they want, except for some special products.

And when the Four Emperors took advantage of Baique Department Store to get themselves into trouble, those merchants who hoarded supplies on their own were naturally no match for the Four Emperors who had a complete industrial chain. All of a sudden, the trade ecology on the entire ocean changed dramatically. Many merchants who originally wanted to make a profit from rare goods painfully declared bankruptcy, especially those merchants who hoarded grain. It was so painful to see the grain they bought at a higher price piled up in the warehouse and moldy but unable to sell it. Some of them even chose to end their lives on the spot with poor psychological quality. This kind of thing is not uncommon in recent times all over the world.

Of course, the Four Emperors did not do these things to help the World Government clean up its mess and stabilize prices. They had other plans. I wonder if you still remember the plan that the economic geniuses of the Beasts came up with when Whitebeard discovered the island full of gold.

That's right, it was the plan to issue the Four Emperors' own currency. This could be said to be the best opportunity at the moment. Due to a series of operations, the World Government's ruling power had dropped to the lowest point in history. Some countries even took the initiative to publicly withdraw from the ranks of the World Government's member states. The Four Emperors would naturally not miss this opportunity. The plan that had been brewing for many years began to be implemented, and a war without smoke of gunpowder began.

Of course, the four emperors are still very cautious. They did not publicize their own currency in a big way right away, but quietly issued their own currency through currency exchange. Yes, the channel is still through Baique Department Store. Baique Department Store has recently begun to issue a kind of ocean voucher. This kind of thing is now a necessary product for consumption in Baique Department Store. Simply put:
If you want to buy something in Baique Department Store, you cannot settle directly through Bailey. Instead, you need to exchange Bailey or items of equivalent value for vouchers in Baique Department Store first, and then purchase further items. Of course, there is a limit on the exchange of Bailey. In most cases, Baique Department Store prefers barter.

This in itself is not a big deal, but combined with the depreciation of Bailey in recent years and the increasingly rich variety of items in the Pechoin Department Store, a terrible cycle is born. When a person usually goes to the Pechoin Department Store or the black market to buy things, and these two places do not accept Bailey but choose to accept this Ocean Voucher, then this is not considered a voucher. The only difference between this voucher and currency may be the name.

People are lazy. When something is useful, they will get used to carrying only one thing. Just like after the rise of mobile payment, the convenient scanning of codes has made paper money gradually disappear.

The emergence of more convenient and more stable Ocean Vouchers has greatly impacted the value of Bailey, causing the already worse-off Bailey market to suffer further collapse. It can be said that within twenty years, the Bailey in this world will completely become waste paper, and no matter how hard the world government tries to retain it, unless they can sweep the world and create another blank hundred years, otherwise, the decline of Bailey is unstoppable.

Of course, the current Baique Department Store has not yet achieved full coverage of all areas, and the circulation of Ocean Vouchers is still limited to areas where Baique Department Store exists and where the influence of the World Government is relatively weak. However, this is already a trend, and the test site has been opened. This new form of currency is slowly and steadily eroding Bailey's market. It's just that I don't know when the World Government or the Five Elders will be able to discover this.

How will the Five Elders react at that time? Will they be furious? Or will they hold their foreheads in frustration? However, it is foreseeable that by the time the World Government learns of this and understands the meaning behind it, it will probably be too late to stop it.

The year 1505 in the Haiyuan calendar is known in history as the first year of Ocean Coin!

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(End of this chapter)