15, "The birth of Nai Lian,"...dr On September 9, 1995, the red robes relied on the help of Tukan nomads and the Dragon Witch Cult to launch a military coup on the Ser Plateau, opening up the eastern sub-district of the Feren Continent for the bloodthirsty cavalry of the Tukan Khanate, thus setting off the prelude to the last wave of nomad invasion. In the northwestern border of the Feren Continent, on the Ice Wind Valley wasteland where the cold wave roared all year round, a terrible financial monster called "Neserel United Reserve Bank" abbreviated as "Neserel Federal Reserve Bank was also quietly born in secret consultations between the three voters and the waiter voters.

For our country and people, this financial monster is actually a huge threat to the Tukan invaders. A brutal nomadic cavalry, at most, only plundered and destroyed the existing wealth in our hands, and "the Federal Reserve has ruthlessly taken away everything in our future!

Although this monster was named a country, it belongs to the si people. Its specific equity division is still a mystery to this day.

From then on, the Ministry of Finance of the Nairrel Empire no longer had the power to issue paper money. Instead, it had to issue national debts first, and then hand over the national debts to the United Reserve Bank of Nairrel as collateral. Then the United Reserve Bank of Nairrel can perform state functions and issue currency of the Nairrel Empire. Once the national debt expires, the Ministry of Finance will issue new debts to repay the old debts in order to repay the rolling repayment. Therefore, before each banknote is printed, it has become unknown to the government to exclude the equivalent loan notes of the United Reserve Bank of Nairrel. "The government must pay heavy interest every year, and these interest is finally distributed to every citizen in the form of various taxes...

Under this system of debt currency, the government will never be able to repay the debts owed to companies and si people, because the day the state pays off the debt is also the time when the legal banknotes disappear. Over time, the total government's debt will not decrease, but will not only not decrease, but will continue to rise with the interest rate of debt interest and the natural economic demand for money," and the speed will also increase rapidly.

But the problem is that since it is a debt, it always has to be paid back, and there is also a terrible interest!

This "debt-to-money magic is the greatest unfair future tax of the people in history. It was mortgaged by the government to banks to "lent out paper money, and the government owed huge interest because it went to Siren Banks to "borrow money" the government. The injustice contained in it is mainly reflected in: First, the people's future taxes should not be mortgaged because their money has not been earned yet."

Unauthorized mortgage of the future of all people will inevitably lead to the depreciation of the purchasing power of the currency, thereby harming people's savings.

Second, the people's future taxes should not be mortgaged to siban. The bankers behind the scenes suddenly have the ability to control the people's future taxes without paying almost at all. This is a typical example of "making money out of nothing," said the banker behind the scenes.

3. The government owes huge interest for no reason, and these interest expenses eventually become a burden to the people. The people not only have inexplicably been mortgaged for their future, but also have to pay taxes immediately to repay the interest owed by the government by the United Reserve Bank of Naisèrel. The larger the issuance of the government's legal currency, the heavier the people's interest burden, and it will never be able to pay it off for generations!

Simply put, "This is equivalent to a bank forcibly lent usury to the government, but the money you pay back has to be plundered from everyone's head!

What's even more terrifying is that the United Reserve Bank of Nasèrel can also make everyone's deposits less valuable by issuing unlimited money, thus plundering the huge wealth of all savers in the country than the rough plundering method of directly imposing taxes. This kind of abuse of paper money at the cost of inflation seems to be "much civilized, much more, and the resistance encountered by the people is much smaller, and it is even hard to detect. With this method, official institutions can secretly and imperceptibly confiscate people's wealth, and it is difficult for one million people to detect this kind of stealing.

As a result, the ten-treasury interest inflation of government bonds has become the magic weapon for bankers to manipulate the country from behind the scenes for decades. No matter how the ruling party in front of the stage changes, the Naisèrel United Reserve Bank, which grasps the lifeline of the country's economy, has always stood firm."

Excerpt from "Who is making the currency in our pockets evaporate?", National Justice Party dr2022

Annual publication was banned on the day of publication...

On the 15th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the 10th year of the

As for the new arrival of Feili, Marshal Taylor not only saved his small treasury, but also successfully upgraded his giant bear army from being inferior to the thirteenth field army of the imperial regular field army with a very high value. Of course, the title is still the "Giant Bear" military flag and the hilarious double bear inner ku flag has not changed.

In addition, his financing plan for establishing the United Reserve Bank of Nasère, referred to as "Nai Fed", successfully bridged the internal rifts of the northern camp, thus gaining the unanimous favor of the two female bosses, Ms. Elaszhuo and Miss Mitsui Ryuki. Well, because the two major churches formed an alliance, Zijing Ryuki was not only a voter of the goddess of wealth and trade, but also a voter of the goddess of magic Mistera. Therefore, from a legal perspective, she was also the superior of the candidate Fili...

The only regret is that the position of Fili's Imperial Air Force commander-in-chief is still not yet implemented, because Nesèrel's air force did not form a separate army before, the Dragoons in the army,

Griffon cavalry and various flying warships are all affiliated with the legions, fleets and fortresses. In the current situation where the country is divided, it is impossible to integrate these scattered air forces and hand them over to the Air Force Commander Fili, the Air Force Commander.

As compensation, after a brief discussion, Miss Ryuki Mitsui and Ms. Elastra, represented the headquarters of the Woking Church and the headquarters of the Mistra Church respectively. According to the ancient customs passed down from the old empire era, he was awarded the title of "Kana-to", a noble honorary title that can be left in history, which means "the conqueror of the Karatu Continent". In this way, he was commended for the glorious achievements of leading the army to sweep the Eastern world, pacify the chaos in the island states in Japan and conquer the Xianglong Empire...

Looking at Miss Mitsui Ryuki, who was using various prophetic magic and financial calculation formulas, excitedly deducing the future income of Naisèrel United Reserve Bank, and Ms. Elaszhuo, who seemed to be confused, could not help but smile bitterly in her heart.

Given the historical insights of another world, Marshal Ferry Taylor, as a time traveler, naturally understands in his heart that with the establishment of the United Reserve Bank of Nasèrel, he has released such a terrible economic monster!

1. At the earliest, or until today, every country's orders were minted with gold and silver. But later, due to the maturity of the financial system, in order to facilitate portability and safe preservation, people began to choose to use paper money as a substitute for gold and silver.

Early paper money was born under this demand. In the West, checks and banknotes issued by banks, and in the East, silver notes issued by money banks. At this stage, the right to issue currency is actually owned by anyone. As long as there is enough gold and silver in your warehouse, that is, reserves, and then sign a piece of paper and promise that you are willing to exchange this piece of paper for gold and silver at any time, and that others can believe that you can fulfill your promise at any time and be willing to accept your paper instead of gold and silver. Then at this time, you become the issuer of the paper money that you have signed from others, which can achieve the same effect as paying gold and silver. Because this piece of paper can be exchanged for gold and silver at any time.

Of course, it is very difficult to make most people in society believe that the piece of paper you signed is equivalent to gold and silver, and the anti-counterfeiting risks and costs of paper money are not something that ordinary wealthy people can afford. Even just wanting to save so much reserve in the warehouse is not an easy task... So, this industry was taken over by bankers, who built a highly guarded vault, solicited the rich to deposit gold and silver, and charge depositors with storage fees or interest according to the situation. Then, the depositor's deposit receipt can be used as banknotes.

Up to now, the banknotes in the Torrell world are basically in such a situation. These banknotes are just bills of lading for banks' inventory of gold and silver. Of course, due to the surge in spending caused by war and turmoil, or just out of the greed of bankers, many banks will indiscriminately issue banknotes that far exceed the reserve amount. For example, there are only 10,000 gold coins in the vault, but they issue one million gold coins, which increases their wealth by a hundred times out of nothing, causing the circulation of banknotes on the market to soar and the currency depreciation is serious.

When a large number of banknote holders ask banks to exchange hard currency, these banks often declare bankrupt because they cannot get gold and silver exchange. Banknote holders will also suffer heavy losses because such risks cannot be avoided, so the use of banknotes has always been difficult to promote.

But what if the issuers of these paper money are the Woking Church, which controls all the wealth in the world, and the Naserel Empire government, which controls the strongest force in the world? What if the two collude with each other and give currency holders false confidence to avoid the outbreak of a run?

Obviously, paper money will be issued endlessly, causing the issuance of such banknotes to gradually exceed the gold reserves, leading to the collapse of the gold exchange system, turning into pure fiat currency, and derive a bunch of financial products of five or eight. The next step will inevitably lead to a serious recession across the country and even the world, and slowly turning banknotes into waste paper. As a glorious member of the army, Feili will naturally not know nothing about the terrible subprime mortgage crisis.

Once the problem is, before this crisis breaks out, the government will get a pleasant time where money can be flowing. Just turn on the printing press and you can squander it until your credit goes bankrupt... This usually takes decades...

After silently pondering for a moment, he couldn't help but sigh quietly, looking up at the lake water outside the window and the towering mountains at the end of the lake.

On the other side of this "World's*" mountain range is the battlefield of the four powers of the beacon. The rebels of Luskan City Arcane Brotherhood, who are fighting stubbornly, are still confronting the two remaining grass regiments of the Silver Moon Federation, waiting for the final decisive battle.

In the farther place, countless local forces with ulterior motives are active, and even the Southern Army, which is standing in the capital, seems to have taken action.

Obviously, the most important thing at the moment is to ensure sufficient military spending and win the battlefield. Even at the cost of overdrawing the future, those troubles that don’t even have a shadow, let’s wait until the future! If you can’t win this civil war, you might even lose the future!

Thinking of this, Feili couldn't help but feel much more relaxed.

On September 9, 1995, the three only floating battleships in the Ice Wind Valley, the three only floating battleships in the world, representing the powerful forces behind each other, held a famous three-ship alliance. The draft agreement on the division of powers for the next step of combat and the future founding of the country was reached.

The next day, in addition to leaving a small number of personnel in the Ice Wind Valley to recruit new recruits, the Giant Bear Legion followed again, and the "Xiangrui" floating battleship attacked and flew over the "Ring of the World" mountain range, along with the "Silver Hunter" and the "Golden Forest" to the Lusk battlefield in the south of the mountain range.

At this point, the war balance that had been swaying back and forth for many days finally fell down towards the side that was conducive to the siege of the troops!

The "Golden Forest" floating battleship of the Wojin Church is not only a fierce air fortress, but also brings the 12th Legion, the "Phantom" that has been controlled by the Wojin Church.

In addition to Fili's Giant Bear Legion, as well as the Fifth Legion, "Reef" and the First Legion, which were originally deployed on the front line, the total strength of the "Glorious" crusade troops soared to nearly 100,000 people in four legions, and they firmly controlled air supremacy. However, the rebels organized by the Arcane Brotherhood were only less than 10,000 mobs left, and they could not get any foreign aid.

Even some ambitious people in the north who were already ready to move had to stop in the face of the absolutely powerful crushing force of the siege army, and did not dare to speak or move. They also sent envoys to bring a large amount of food, wine and meat to the siege army camp, bowing down and flattering and pleasing.

On the 13th of the gust, the "Xiangrui", the "Silver Hunter" and the "Golden Forest" three floating battleships carried three legions across the rebels' fortress defense line and flew directly over Luskan Harbor, which immediately caused great panic in the city. The Arcane Brotherhood rebels were originally arranged in the wilderness in the suburbs as reserves. The mutiny broke out under the withdrawal of the Woking Church pastor and refused to return to the city to defend the defence. Instead, they killed the supervisors sent by the Arcane Brotherhood and turned against each other on the spot to serve the siege, "and almost all parts of the city's periphery were about to change hands.

The next day, 1,500 Luskan rural militias isolated from the city by the airborne troops of the siege army announced that they collectively withdrew from the civil war, "supported all the ordnances, the military flags and the heavy weight, and destroyed the fortresses on both sides of the Miral River" stationed in exchange for pardon, and then disbanded and returned home.

At this point, the attack on the army was easily wiped out without any bloodshed, and more than half of the rebels were easily wiped out. The remaining three thousand rebels also hid in the city and were in panic all day long.

On the day of the quarrel, after the first failed persuasion of surrender, the siege army began to attack Lusk Port with surrendered mercenaries as the pioneer.

"...It seems that the Luskan Rebels' fleet is completely finished, so there is no need to worry that they will run to the sea and become pirates again."

After the first round of long-range ground-to-ground shelling of the three floating battleships ended, Marshal Ferry Taylor stood next to the side of the Xiangrui ship, facing the pungent smoke, while observing the situation in the Luskan port area with a telescope.

After being bombarded by more than 600 large-caliber shells, Luskan Port seemed to have become a tomb of a winding ship, and the remains of sailboats tilted and overturned in the water could be seen everywhere. Some had basically sunk, with only a piece of mast on the water surface, some were overturned sideways, and a group of crying sailors stood on the side of the ship, and some were simply raised high on the bow or stern, poking straight into the mud of the port area. The water surface was full of wooden boards with smoke and flapping water falls, and the trests, lighthouses, forts and dock warehouses were also a smoky fire.
Chapter completed!