Killing Dao Fruit
Chapter 635 - 560: Old Master Wang Never Cheats the Poor_2

Chapter 635: Chapter 560: Old Master Wang Never Cheats the Poor_2

The goal pursued in alliance with the weak people was exactly this: the people were weak, but the nation was strong.

Therefore, in each major Deceit Country, over ninety percent of the bottom tier "Reserve Food" and "Vegetable People" were definitely destitute!

In the past, the rulers wanted to implement the "poor" strategy to suppress them.

The unspoken method was through taxation and the continuous bloodsucking by officials of all levels.

Issuing various types of inferior Virtual Coins and even Tin-Clad Iron Coins that were not based on precious metals was also a method for amassing wealth, but it was indeed very troublesome.

But now, they had found a more efficient new toy to their great surprise.

—Printing money!

Using it was silent and undetectable, those commoners who could not even recognize large characters wouldn’t understand until their death how their wealth had vanished.

In fact, it was not just in Tanhuan.

When the domestic Silver Coins were drained massively by the Cloud Tower Ghost Market and could not meet the domestic demand,

the rulers of various countries took this opportunity to sharply sniff out the excessive profits from Treasure Banknotes.

Mass printing money was the basic operation, it was merely about how much more or less the excessive issuance of Treasure Banknotes were.

However, they had no financial knowledge and followed Great Yan’s example by issuing Treasure Banknotes, thus bringing over various fatal flaws along with it.

First, there were no reserves, purely backed by official credit; second, the mandatory exchange of Gold and Silver, but no buyback allowed, resulting in the government unilaterally plundering from the people and draining their resources;

Third, most importantly, the rulers’ greed was insatiable; the amount printed was not based on the nation’s wealth but their own desires.

When the currency increased massively, but the social wealth did not increase synchronously, the consequence was undoubtedly severe... inflation!

Moreover, with the rainy season and natural disasters pending, the continuous surge in various prices also became inevitable.

The Sects controlled by vassals and nobility and the major Merchant firms hoarded goods in bizarre manners, seizing the opportunity to make a fortune.

"Made a fortune, made a fortune!"

While misery reigned outside, this group might as well wake up laughing from their dreams.

What surprised them even more was.

Many people seemed unable to endure the disaster any longer, taking out the last bit of precious metal Silver Coins hidden in their hands.

To buy food, plow oxen...even boys and girls whose values had not yet formed.

In all the major Deceit Countries, nobody took human trafficking to heart; hoarding slaves in disaster years was nothing but normal.

Although all the money that flowed in was extremely inferior,

it could be exchanged for various treasures from Great Yan merchants under the condition of equal currency value, which was far more popular than paper money.

This situation blossomed in various countries, and no one knew where those people got so much small money, with absolutely no upper limit, buying up all available productive living materials.

This also led to massive windfalls for various merchants.

Unfortunately, before these elites could enjoy their delight for long,

they were shocked to find that with a massive influx of inferior coins, various prices soared to the extreme value of past disaster years.

It still showed no signs of stopping whatsoever.

The first day, sixteen Copper Coins or equivalent Treasure Banknotes could exchange for one kilogram of food; by the third day, this number had become twenty-two Copper Coins, needing thirty Treasure Banknotes;

By the fifth day, this number directly doubled again to forty-four Copper Coins, seventy Treasure Banknotes...

Merchants, who had initially hoarded goods at a high price, couldn’t help but want to burst into tears when they saw the brand new prices on the second day of the market.

"I’ve lost everything, I am utterly doomed!"

And as the sniping army under the command of Old Master Wang began their "spend, spend, spend" mode without worrying about money,

the prices in various countries skyrocketed and the people gradually panicked.

Whether it was inferior coins or Treasure Banknotes, both entered the fast lane of rapid devaluation, speeding up ever faster, as thrilling as a rollercoaster.

In all major Deceit Countries, no elite had experience dealing with this kind of unexpected situation; from top to bottom, they could only watch helplessly as their empires were about to collapse.

And just then, another piece of disastrous news delivered a fatal blow to them.

The suppliers of Great Yan Treasure simply closed temporarily, halted shipments, and no longer accepted cash in small coins!

The string that was already taut, finally snapped completely.

They finally realized, belatedly, that it was precisely the massive influx of Great Yan Treasure that had provided these inferior coins with a strong and stable anchor.

Even though official and private currencies were all flooding the market, there stood a vast reservoir that, from the outside, appeared utterly undisturbed.

The confidence in the purchasing power of money had always existed; even inferior coins, scarcely better than paper money, had continuously circulated at face value without letting other nations see the harm.

This is the principle that "confidence is more important than gold."

However, all that was taken for granted was thoroughly disrupted by a decree from Old Master Wang, or rather, a death-knell edict.

It made the elites of various nations tumble from their clouds back to reality.

This was an across-time-and-space strike on the levels of information, economy, knowledge, wealth... not a publicly plotted scheme that could be easily unraveled with mere cleverness!

By early July, the situation had finally deteriorated to the point where a Treasure Banknote falling on the ground wouldn’t even merit a second glance.

When someone packed a bag with inferior coins worth 50,000 Copper Coins and Treasure Banknotes to buy even a single bun and failed.

The civilians’ confidence in both currency and their rulers completely collapsed!

In a credit currency system, if a Treasure Banknote can’t buy anything, it’s just a piece of paper too stiff even for wiping one’s bottom.

The collapse of credit came thundering down like a mountain avalanche, bewildering all the calculating elites at every level.

The dynasty’s development had progressed from "the dynasty and the vassals co-governing the world," "the dynasty and the military aristocracy co-governing the world," "the dynasty and the clans co-governing the world,"...

up to "the dynasty and the Scholars co-governing the world," "the dynasty and the Scholars co-governing the world,"...

In general perception, only the class that co-governs the world with the supreme ruler is considered "the people"; all others are just fodder for them.

The "people" in "The nation must not compete with the people for profit" refers only to the ruling class that co-governs the world.

For Tanhuan, it meant the King ruling alongside the Bone Grade System aristocracy.

For Xiangxiong, it meant the disciples of the Yellow Heaven Righteous Dao and various Monk Kings...

And such malignant inflation had an immediate transmissibility.

For those households with meager possessions, barely a mouthful of reserve food, and no savings, the impact was minimal.

They could even boast, "I earn five thousand and spend six thousand a month; inflation can’t keep up with me."

After all, a Great Saint like Old Master Wang had his principles and never exploited the poor!

But for the nobility, it meant real wealth evaporating overnight.

Even numerous heartless Merchants and elites, unable to withstand receiving heaps of worthless paper in exchange for full stores of grain, chose to leap from the rooftops.

Before dying, they wailed:

"Money is highly poisonous! It poisons me too!"

The bankruptcy wave swept across the nations faster than the Human Dao Torrent.

Initially,

Wang Yuan had chosen to create a festival for the God of Wealth that involved and affected everyone’s survival, rather than the Doukui Star Lord.

It’s because no ruling system, be it the Emperor, Golden Tent, or Buddha King...could infiltrate every aspect of the common people’s lives like money.

While a forceful conquest might target heads of state, this currency war targeted the economic order, damaging every inch of a nation’s flesh!

Thus, what seemed like an extremely beneficial currency system that could freely harvest the wealth of the nation, completely collapsed, and trade came to a complete halt.

No one could turn the tide.

And after the nations had lost massive amounts of precious metals, grain, draft animals, young population... and so forth,

An economic winter was inevitable for several years to come.

From an angle invisible to mortals,

Old Master Wang stood under a cool canopy, watching the entire Human Dao above his head flowing with a roaring sound.

The Human Dao, which for thousands of years had repeated a 300-year cycle arranged by the West King Holy Mother, finally broke its predetermined path for the first time.

It began fluctuating violently, gradually carving out a new riverbed,

Forming another torrent that directly opposed the Daoism Transformation Disaster!

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