Chapter 174: 174
Chapter 174: 174
Emperor Li Lianzhong fainted without even hearing the bad news.
Li Lianzhong lost consciousness for more than two hours. When he woke up, great nobles surrounded the bed. Everyone thought that today the emperor might not have survived. But Li Lianzhong's fate was not over. He still has the last strength. Support his body
"Has the person we sent some news to?" Emperor Li Lianzhong asked about the assassin group they sent out.
The cause of Great Datang's downfall was all from a single person, which is Zhao Lingxin. If only Zhao Lingxin dies, everything will return to its former state. Venerable Cheng Li shook his head.
"The First Order of Shadows has not sent any news, Your Majesty."
The First Order of Shadows disappeared. So they don't know what happened at the imperial border.
Li Lianzhong, who had been resting for a while, felt that his body was more substantial. Be ready to hear the bad news earlier.
"What is important news in the hall before?" Asked Emperor Li Lianzhong.
A large group of nobles turned their heads to look at each other. All had their expressions of hesitation, not daring to speak out. Emperor Li Lianzhong knew what they were worried about. These nobles were afraid that he would not be able to accept the truth. Until the body collapsed. The great nobles do not want to have a funeral at this moment. They feared that the Great Datang Country, facing the crisis all around, would collapse in an instant.
This is a cruel time that everyone is difficult to overcome. And cannot use military force to fix it. Although they have modern armed forces but they still have complete consciousness. Do not dare to go out and fight anyone now.
"You all tell me." Emperor Li Lian confirmed the same word. That he would listen to the problem right now that Datang is facing.
Venerable Chen Li had heard so. Therefore, obeying the emperor's will. Tell the matter.
"Your Majesty, now Tang Wu Bank is having a big problem."
Tang Wu Bank is a central bank that has collaborated in four countries to print banknotes. Datang is also a major shareholder. Indeed, has access to all information of Tang Wu Bank.
"Cheng Li doesn't get much of the acting. Hurry up to tell." Emperor Li Lianzhong takes this issue very seriously.
"Your Majesty, the bank's gold reserves are now less than one hundred tons," Cheng Li said.
"What! Why could this be like this?" Emperor Li Lian Zhong girded up and asked the truth.
Venerable Cheng Li could only tell the whole story.
Not long ago, there were many customers of the bank. Use the Fen banknotes to exchange gold.
More than 95 percent of these people belong to the Empire that Zhao Lingxin sent. The banknotes were counterfeited, exchanged for gold, returned to the Empire. The exchange of gold went smoothly. No one could be noticed because each exchange was so small that no one was interested.
Moreover, the counterfeit banknotes There is virtual reality in every respect inseparable. Make bank officials accept this fake money and deliver the gold. The bank's manager came to investigate regular operations. Suddenly, he realized that the gold reserves in the bank were less than twenty percent. A lot of gold is missing from the bank.
And upon careful examination, it was found that it was a regular gold withdrawal. But what made the manager nervous? Because this looked like a plan to set a trap. There is an evil intention to the Tang Wu Bank.
Such a situation inevitably affects the confidence of the new currency. The currency of the fen is tied up with gold. When the number of gold decreases, the value of the money will also deteriorate.
"Cover this news, don't let it be spread out," Emperor Li Lian Zhong immediately commanded the action.
"Your Majesty, we have already done this. I ordered Tang Wu Bank to keep this matter top-secret," Cheng Li said.
The problem was with the remaining three regions, Dajin, Dayi, and Dalian. Different headaches, chaotic, do not know how to solve problems. They have no experience in dealing with this kind of crisis. Everyone is a first-time rookie. Everyone managed to shut down the news about gold reserves in the bank, not much left at this time.
"Well, we can fix this." Emperor Li Lianzhong breathed a breath. He thought with ease that in the end, the problem was easier to fix than he had imagined.
But these bans were ineffective. The crisis has worsened once again. This must be punished by most nobles. They were the first to hear the bad news of the bank. And these great lords are some of the bank's foremost investors.
They, who have a lot of money, lack the confidence of paper money to withdraw gold from the bank.
Which the whole story became a constantly falling domino. This news spread like erysipelas. A group of traders, capitalists, was the second group of people to raise money, withdraw gold, and hold it with them. The regular people were the last to know the truth.
"We have to hurry up and withdraw the gold now. I heard that the gold in the bank is about to run out."
Many people lined the kilometer-long queue to request to close an account. Took the banknote back and recovered his gold.
But the regular people were the victims the most. Tang Wu Bank no longer has a gold reserve. There was only a heap of returnable fen, in the bank's treasury as large as mountains.
The confidence of this new currency has dropped to its full extent. Banks are no longer able to get gold to return people. Right now, this currency is something that people don't want.
More misfortunes, more than that, will aggravate the crisis even more. Counterfeit banknotes the imperial counterfeits flow too much into the economy, causing critical inflation. Now, the new currency banknote is not much different from a piece of paper.
The Fen banknotes are flying on the streets. Not even a beggar has yet picked it up. Some people were insolvent. All the assets that have come are lost in the wind. Many companies have canceled and no longer accept the new currency. They only took the imperial yuan currency.
Quite a few people were holding the Yuan currency. After seeing the financial crisis, they hurriedly hugged the yuan and refused to let go.
"It's very fortunate that I have quite a few yuan in hand. Otherwise, I'm afraid that I will become insolvent as well."
This confidence affects the various provinces of the royal court as well. They withdrew from Tang Wu Bank, leaving the bank solely responsible. The royal court did not acknowledge the story of disregarding responsibility and did not want to interfere with it.
This caused the Tang Wu Bank to collapse and shut down. After opening for only one month.
Shops and people of all levels turn to the yuan instead of the new currency. Let the Fen currency be forgotten.
As a result, the yuan is becoming more and more popular. Zhao Lingxin smiled cheekily as he saw the outcome of his plan.
"The Ministry of Finance is printing one hundred million yuan of banknotes up to support now," Zhao Lingxin issued an order to print large volumes of banknotes to meet the huge demand.
Yuan currency has penetrated all levels in every region. The Yuan currency has truly become the main currency. Replacing the new currency, the ruling class only watched their region gradually lose their financial sovereignty.
Now, even the original currency cannot be produced. Confidence in the royal court was gone. No one will trust the money they endorse. Everyone turned to the better, easier to use, and more stable yuan banknotes.
Emperor Li Lianzhong spat a large amount of blood. Ready to die at any time. Da Tang lost both financial sovereignties. Loss of territorial rights. It is almost to be an empire colony.
Emperor Dalian even let go of his administration. Escaped into the hunting forest. Emperor Dayi collapsed like Emperor Datang. As for Emperor Dajin, he closed the palace without questioning the city's affairs, locking himself together with the concubines in the latter.
Everyone was no longer hopeful. There is only despair in every area. This situation was even worse than the Empire had brought to war directly. The imperial siege and economic intervention tormented them as if they were to die alive, with no way to fight back.
While everyone was desperate, full of depression. The last hope appeared at the destination, shining so bright that people could even burn their eyes. Until Emperor Li Lianzhong barely grabbed it.
That was because the representatives from the Seven Major Sects came to Datang right now.
End of the Arc 3 : Rise of the Empire