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 did make many people excited. They were ready to look for fishmen and mermaids everywhere to make a fortune, but more people saw another aspect, that is, the weakness of the World Government.

That’s right, the statement of the World Government not only did not achieve the desired effect, but also exposed their own weak nature. Behind the seemingly tough words, there is actually a lack of direct offensive capabilities and a different kind of weakness. If the World Government is strong enough, Fishman Island is probably already in a state of war.

And this also made those smart people immediately start hoarding goods. They took this opportunity to start hoarding rare goods, because every time the World Government showed weakness or there was a big news that was damaging to its reputation, it would definitely follow another thing, that is, Bailey’s big dive.

That's right, currency directly reflects the ability of a government. Although it is not 100% absolute, it is indeed the case for the world government, because this is another strange underlying structure of the world government, that is, the underlying framework of the monetary system.

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

Then the strange thing comes. The collateral behind Bailey is not a physical object such as gold and silver, but an illusory thing. Yes, it is the strength of the world government itself. Bailey's value is linked to the strength of the world government itself. As a world where one person is an army is a realistic objective fact, this seemingly very joking situation is actually feasible, because the world government is really capable of forcibly stopping inflation and other situations through its own power.

However, as I said before, whenever the World Government shows its weakness, Bailey will be greatly impacted, because whenever this situation comes, the World Government always needs to quell the incident by issuing rewards, and issuing rewards requires money, which is all printed by the World Government.

Many people may think that the World Government is so stupid? Because of its own weakness, Bailey may depreciate, and printing more money will not depreciate faster?

The World Government certainly knows about this kind of thing, but they are not worried about it. First of all, one reason is that this kind of embarrassing thing will not happen once in many years, and they can always solve the trouble afterwards, and then through various ways, they can re-establish their invincible image. At that time, they will use a series of operations, such as Tianshangjin, to take back Bailey and get rid of the influence of inflation.

But now, the 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's face. They can't do the previous series of operations at all. They can only run wildly on the road of inflation, and they don't even have time to brake. Now they can only pray that the pirates will die before they die. Of course, according to the current situation, the situation on the pirates' side is not very dangerous, but can only be said to be a safe group.

And the merchants who have discovered this situation in recent years, seeing the current situation, naturally can't sit still. Maybe for others, the devaluation of Bailey is a very scary thing, but for these merchants, this is not a bad thing. On the contrary, it is their business opportunity, because in the face of inflation, a thing that will happen next also comes, that is, panic buying.

After everyone realized that the Bailey in their hands was worthless, everyone would exchange the money in their hands for real physical objects as quickly as possible, such as food, precious metals, etc. Yes, the next situation is a short-term bubble economy, and the trade boom in a short period of time caused by inflation.

In this case, how could the merchants who smelled the business opportunities in advance endure? They all started to stock up, preparing to make a fortune this time. Some people even mortgaged all their assets in order to stock up, and exchanged them for cash to stock up, but unfortunately, this time, their ideas were shattered.

Because the Four Emperors are gone!

That's right, if we ask who is the strongest business group in the entire ocean now, then the Four Emperors are second, and even the World Government does not dare to say that it is 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 bit of 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.

When the Four Emperors took advantage of the Hundred Birds Department Store to get out, those merchants who hoarded supplies naturally could not compete with the Four Emperors who had a complete industrial chain. Suddenly, the trade ecology on the entire sea changed dramatically. Many merchants who originally wanted to make a profit from rare goods declared bankruptcy painfully, especially those merchants who hoarded food. It was so uncomfortable to see the food they bought at a higher price piled up in the warehouse and moldy but could not be sold. Some of them even chose to end their lives on the spot. This kind of thing is not uncommon in recent times around the world.

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

That's right, it's the plan to issue the Four Emperors' own currency. This is the best opportunity. The World Government has reduced its ruling power to the lowest point in history due to a series of operations. Some countries have even taken the initiative to publicly withdraw from the World Government. The Four Emperors will naturally not miss this opportunity. The plan that has been brewing for many years has begun to be implemented, and a war without gunpowder has begun.

Of course, the Four Emperors are still very cautious. They did not publicize their own currency at the beginning, 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 can't settle it directly through Bailey, but you need to first exchange Bailey or items of equivalent value for vouchers in Baique Department Store, and then buy further items. Of course, Bailey's exchange is limited. In more cases, Baique Department Store prefers barter.

This is not a big deal in itself, but combined with the depreciation of Bailey in recent years and the increasingly rich variety of items in Baique Department Store, a terrible cycle is born. When a person usually goes to Baique 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, people will habitually carry only one thing, just like after the rise of mobile payment, the convenient scanning code has gradually made paper money disappear.

The emergence of more convenient and more stable Ocean Vouchers has greatly impacted the value of Bailey, causing the Bailey market, which has already been worse, to further collapse. It can be said that within 20 years, Bailey in this world will completely become waste paper, and no matter how much the world government retains it, unless they can sweep the world and have another blank 100 years, otherwise, the decline of Bailey is unstoppable.

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

At that time, what will the Five Elders react? Will they be furious? Or will they be helpless? But it is foreseeable that when the World Government learns about this and wants to understand the meaning behind it, it is probably too late to stop it.

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

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