Li Yao and Li Jialing said that the legal currency of the true human empire in the Dingding Star Sea for thousands of years was called "Imperial Crystal Coin" because the original currency system was linked to high-purity crystal stones.
From the beginning, there were 500 million tons of top-grade crystals.
As the backing of the imperial crystal coins, every dollar of imperial crystal coins could be exchanged for 0.1 grams of top-grade crystals unconditionally.
"Top quality" crystals are not an exaggerated modification, but have strict standards.
Crystals must have a purity of more than 95% before they can be labeled with the word "top quality".
Crystals that are purer than top quality are only very rare. of crystal marrow.
Such a guarantee gave the Imperial Crystal Coin extremely strong credibility and vitality, helping the Black Star Emperor Wu Yingqi to smash the weak economic and financial system of the old Star Sea Republic into chaos and completely collapse.
Spar is the crystallization of ultra-high-purity energy.
It is indispensable for cultivators' daily practice and battles, for common people's food, clothing, housing, and even colonization of alien planets.
Therefore, it is a super hard currency that is a hundred times harder than gold and silver.
Since imperial crystal coins can be directly exchanged for top-quality crystals, ordinary people are of course happy to choose this currency.
Choosing imperial crystal coins means choosing the empire, but it is replacing the old Star Sea Republic with soaring prices, inflation, and decay.
Kicked into the gutter, uh, not the gutter, but the Starry Star Federation on the edge of the sea of stars.
To be honest, no matter how evil Wu Yingqi and his descendants, these superior immortal cultivators are, at least in the first five hundred years of the rise of the empire, the purchasing power of the empire's crystal coins was still quite strong.
On the one hand, the number of top-quality crystals plundered from all over the Star Sea has increased from 500 million tons to 5 billion tons, ensuring the solemn promise that imperial crystal coins can be exchanged for top-quality crystals anytime and anywhere.
Money deposited in the bank earns interest, but it will not increase in value when converted into crystals.
In the early days of the empire, the prices of various crystals were strictly controlled.
Anyone who dared to make trouble in the crystal market would be shot.
In addition, It is inconvenient to directly trade crystals on the Internet.
Naturally, not many people will store too many crystals, and the risk of run is not high.
On the other hand, the newly conquered world brought a steady stream of war dividends and an ever-expanding market.
During those five hundred years, various sects and families in the empire were in a golden age of rapid expansion and prosperity.
The entire society was prosperous and colorful.
The soap bubbles are blowing bigger and bigger.
Even if the currency value is diluted, people's incomes have also increased significantly.
Even ordinary people in the core area can share the war dividends.
Life is not bad.
Of course, they firmly believe in the empire and your majesty.
I have strong confidence in the Imperial Crystal Coin.
However, the true human empire, which is so blooming and burning, has just celebrated its 500th birthday, and internal and external troubles broke out at the same time.
Internally, several consecutive internal battles in the palace of "Nine Dragons seizing the legitimate son" severely damaged the vitality of the royal family.
The four electorate families took advantage of the situation and rose up.
In the name of "the four meritorious elders jointly elected His Majesty the Emperor and maintained the stability of the royal family", they usurped the throne.
The power of the government.
Externally, all the lush worlds have been integrated into the empire's territory.
The war cost and management difficulty of continuing to conquer the outside world have greatly increased.
Coupled with the continuous attrition war with the Holy Alliance, the empire has lost a lot of blood and reached the point of expansion. limit.
For a country that cultivates immortality like the True Human Empire, its vitality lies in continuous invasion and conquest, using the blood and bones of the conquered to build the prosperity of the conquerors.
Once you stop conquering, the soap bubble suddenly bursts.
The first economic crisis that swept the entire empire broke out.
Many people lost their money overnight, and all the bonds, stocks, and equity they purchased turned into scraps of paper; more people owed debts that they could not repay for a lifetime, and they were free from freedom.
The people became slaves.
There was one of the most famous cases at that time.
There was a high-ranking immortal cultivator named Pang, named Pang Qingyun or something.
He claimed that he had a way in the imperial court.
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Knowing that the imperial court was about to launch a "Five Million Light Years Expedition", he...
He conquered more than a dozen worlds marked on ancient star maps, and he, Pang, got the subsequent colonization and management rights of three of them.
In order to raise a large amount of development funds, he separated and sold these colonization and management rights, and promised super high rates of return, such as "double in one year and ten times in three years", to lure a large number of greedy people to invest their money and lives. .
In the beginning, Pang Qingyun did what he said.
Not only did he return the high interest on time, but he also took investors around various star ports, saying that this was the empire’s expeditionary force and that it was his colonization fleet.
They would treat them well with good food and drinks.
Not only that, but also made various beautiful renderings and even immersive illusions, depicting the bright future of the development of the new colony, and making all the investors fooled and excited.
In the end, not only did a large number of people invest a lot of money, but many cultivators and even sects believed in him, and threw all the coffin boards into the illusory colonization plan.
As a result, due to the economic crisis, financial constraints, and military expenditures unable to make ends meet, the empire changed its colonization policy.
In principle, it no longer sent large-scale expeditionary forces to explore foreign lands as in the past.
Instead, it developed a technology called "Star Child" , in the future we will use “Star Child” to carry out small-scale, more precise exploration.
This also means that the empire's great development era is over, perhaps forever!
Pang Qingyun's lies were self-evident, and angry people surrounded his "development group".
Only then did they realize that his game was nothing more than tearing down the east wall to pay for the west wall, borrowing new money to repay old debts, and countless people were blamed for him.
After jumping off the building, his trick became known as a "Ponzi scheme".
Pang Qingyun's scam is just an insignificant one among the thousands of soap bubbles that have burst in the era of economic crisis.
There are many more and bigger Ponzi schemes that have devoured the wealth and even lives of countless people.
Instead of helping the imperial court fight the economic crisis, the four Electoral families with ulterior motives only contributed to the situation and allowed the economic crisis to intensify, greatly weakening the imperial court's final authority and vitality.
They also enriched the country and swelled into a behemoth that was too big to lose.
As a result of this economic crisis, the Empire Crystal Coin announced that it would be decoupled from top-grade crystals.
No matter ordinary people or low-level immortal cultivators, they could no longer go to banks and crystal reserve bureaus to exchange for top-grade crystals at a stable price.
They could only exchange them for top-grade crystals at market prices.
Buy.
The average price of various crystals on the market has increased by a full thirty times in one year.
Crystals are the source of production.
Crystals have skyrocketed, and prices have also skyrocketed.
Everything has increased, except wages and currency values.
In other words, , the Imperial Crystal Coin devalued thirty times within one year of announcing the decoupling.
All the wealth of the citizens of the empire was looted by the four Electoral families.
The four major families, who had seized a large amount of wealth by force, took the opportunity to control the government and had the power to mint their own coins.
Although it is still called "Imperial Crystal Coin" in name, the four banks under the names of the four major families have the right to issue it.
An "inter-bank joint meeting" has replaced the original powers of the Imperial Central Bank, which is equivalent to the emperor's money bag.
All taken away.
The four major families colluded together just for profit, and the struggle with each other was also very fierce.
It can be imagined that they did not care about the issue of stabilizing the currency value of the empire.
Anyway, as long as the economy of their own territory could be maintained, no matter the flood outside!
Since this year, the Empire Crystal Coin has been on the road to depreciation, and its value has been diluted to the point where it cannot be increased.
And another horrifying news dealt a fatal blow to the empire's barely perfunctory, crumbling economic and monetary system.
Initially, didn't the Empire's Central Bank and Crystal Reserve Bureau have five billion tons of top-quality crystals as backing?
These top-quality crystals Crystal has always been the emperor The country's reassurance and ballast stone, but I don't know since which year, rumors began to spread among the people, saying that these five billion tons of top-quality crystals had long been divided up by the four major families, and had been divided up by high-level monks from the four major families.
Those Nascent Souls and Transformation Gods were consumed during cultivation!
"It was because the four major families divided up five billion tons of top-quality crystals and consumed them all that they were able to cultivate so many golden elixirs, Yuanyings, and gods at once, and their strength suddenly expanded!"
Although the imperial crystal coins have been decoupled from the top crystal stones, such shocking rumors still severely shattered the last vestiges of confidence that aspiring people had in the empire.
It was said to be a rumor, but more like a plague and a curse, and it completely destroyed the empire's financial market.
With the economic and monetary system, those who truly believed in the path to immortality were all disillusioned.
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In the following hundreds of years, several economic crises broke out in the empire, and it gradually became what it is today, with warlords dividing the country, economic chaos, and local affairs going their own way.
The root cause lies in the people - from ordinary people to immortal cultivators, from low-level immortal cultivators to Even Yuanying and the old monster who transformed into a god do not believe in imperial crystal coins at all, not even a copper plate!
If not, there would not be such a huge empire.
After just over ten years of expedition, it was still singing triumphant songs and winning every victory, but it once again fell into the quagmire of total collapse!
What's even more terrible is that not only does the Imperial Crystal Coin have a precedent of unstable currency value and vicious depreciation, but these days all currencies have become virtualized and paperless.
There is no longer the concept of paper money 10,000 years ago.
All transactions are through Once the spiritual network is completed, no matter how much wealth you have, it will just be a series of zeros in your account.
The imperial authorities are not so shameless as to directly tamper with the numbers in citizens' accounts.
The problem is that all transactions on the spiritual network will leave traces.
Everyone's production and consumption information is all controlled by the authorities - this authority is sometimes the local warlord. , sometimes it is the four electorate families, sometimes it is the so-called Emperor.
Once you have this information, you know the wealth status of all the people in the empire, and you can naturally pluck the feathers, break the bones and suck out the marrow, and even swallow the skin and bones, squeezing them clean.