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Chapter 775 - 775 49 Fish in Troubled Waters_2

775: Chapter 49, Fish in Troubled Waters_2 775: Chapter 49, Fish in Troubled Waters_2 Moreover, for all these swiftly developing domains, there are various special reasons behind their success.

Yet, only the Mountain Domain is truly self-made.

Especially the vast resources poured into the swamp development, it’s truly awe-inspiring.

His Excellency the Count’s governance skill is unprecedented…”

After flattery at its best, Hudson knew Jose had matured.

If he were this good at flattery back in the Moxi Duchy Expedition, perhaps his relationship with Caesar IV wouldn’t have been so bad.

As long as the relationship is good, everything else is not a problem.

Even if he couldn’t dissuade the then Crown Prince and bore the brunt of blame, he would have been saved.

He wouldn’t have ended up in such a sorry state, without even a title.

“Mr.

Jose, let’s drop the formalities.

We’re all on the same team now, just speak your mind.

You were invited to help refine the strategic plan and identify and correct errors in its implementation.

You may not know, but the Kingdom is soon going to face a great problem – there might be a debt crisis looming.”

On hearing this shocking news, Jose’s face turned pale, but he quickly recovered.

Hudson’s relaxed countenance was very reassuring.

“Has His Excellency the Count already devised a solution?”

Jose asked, full of anticipation.

He racked his brain and still couldn’t figure it out.

At the brink of the Kingdom’s credit collapse, he wondered why his Lord stayed so calm.

This was due to the lack of symmetry in understanding on both sides; Hudson wasn’t in a position to talk about the situation in Moxi Duchy.

From the limited information available, if a bond run were to happen, the Alpha Kingdom, unable to honor their bonds, would definitely face a credit crash.

Who would have known that the creditor holds an advantage in previous debt relations?

During a war, when they were asking people to buy bonds, naturally they could not avoid setting special terms beneficial to the bondholders.

According to the agreement: once an irresistible incident occurs, and everyone thinks that the Kingdom has a problem with repayment, the creditors have the right to ask for early redemption.

This clause was originally for the Major Nobles, in case they couldn’t pay off the money in the future, they could exit early due to information asymmetry.

However, Hudson’s brilliant move later made them suddenly realize that they could sell their bonds at a higher price in advance, securing the profits early.

A series of complications resulted in the current situation.

“Whether or not the Kingdom’s credit will collapse depends primarily on confidence.

As long as everyone’s faith in the Kingdom does not falter, we can weather this storm.

So long as the financially worse-off Moxi Duchy can face the crisis, everything will be okay.

As far as I know, Moxi Duchy has already adopted emergency plans.

On one hand, they unite the nobles of their country to get through the tough times, while on the other hand, they have sent representatives to negotiate with creditors urgently.

I have offered my assistance to maintain the Kingdom’s reputation.

Not only did I not redeem the bonds I own ahead of schedule, but I also helped them convince numerous nobles in the Expeditionary Army.

The bondholders in other places have also been comforted by them.

It may not take long before news spreads that the Moxi Duchy has safely weathered the debt crisis.

If the Moxi People can make it through, there’s no need to mention the Kingdom then.

Although the Kingdom’s nobles did not create a fuss asking for early bond redemption, the bond market has indeed collapsed.

It is said that there are bonds on the market priced at an 80% discount.

If the panic continues, 70%, 60%, or even 50% or lower bonds may appear.

This is a wealth-making opportunity literally coming to our doorstep, and it would be a waste not to grab it.

I have prepared two million gold coins specifically for this plan.

I believe you are competent enough to shoulder this responsibility.

I hope you, Mr.

Jose, can buy high-yield bonds issued by the Kingdom at the lowest possible price.

After the crisis, we can look for an opportunity to sell these bonds.

My requirement is not too high, I just hope to raise funds for the construction of ports and shipyards within this time.

I almost forgot, Belsden Shipyard is mine now.

I am just waiting for the construction of the docks to be completed before relocation.

The seamen and shipbuilders are all prepared, and the artificial canal leading from our domain to the sea was also successfully navigated this month.

It will take some time to get involved in maritime trade, but it won’t be a problem to start some fisheries.”

It’s not that he is showing off intentionally, revealing part of his family wealth, but mainly to reassure his younger brothers.

Seeing Jose’s disbelieving expression, Hudson knew his plan had succeeded.

“Count, rest assured, I will handle this matter impeccably.

However, the amount of money involved is too large.

You must dispatch more men to assist me in order to accomplish this.

Purchasing so many bonds at once, it would be too conspicuous if conducted only in the Southeastern Province.

It must be carried out in multiple locations.

In doing so, safety is also a major concern.

Guards are definitely indispensable, and it’s best to have some expert assistance.”

Jose straightaway made his request.

Hudson’s family wealth is much more substantial than he had imagined.

Whether it’s the control over his people, or the revealed financial, material, and human resources, it all exceeds his expectations.

He initially thought he came here to lay low for a decade or so and focus on farming.

However, judging from the current situation, it seems this quiet period will be considerably shortened.

“I’ll have Cain assist you.

You can pick the rest of the people from those who came with you.

I’ll have Tom arrange your guard, and Belsden will also secretly provide you with protection.

However, most of the people in the domain have been on the battlefield and are easily recognized.

If possible, try not to buy bonds directly from the nobles.

I have cooperated with many business firms back during the time in the prairie.

The connections are still there, you can contact them.

If you can come to terms with the price, you could use the same channels this time.”

Hudson spoke with a smile.

Someone definitely needs to be assigned to supervise.

This is about two million gold coins, not two hundred.

Even though he trusts Jose, he wouldn’t test human nature at this time.

But the real supervisor would not be the openly loyal subordinates, but Belsden hidden in the shadows.

No choice, as long as the benefits are large enough, buying a person’s loyalty is too easy.

Compared to that, it would be more reliable to use magical beasts.

“Count, actually, you can also rally several major nobles to publicize and call on the Kingdom’s nobles to jointly purchase bonds.

Not only will this improve your political prestige, but with the publicized purchases as cover, it would be more convenient for us to act quietly.

Even if we get discovered midway due to improper operation, we can wave the flag of protecting the Kingdom’s assets.”

Jose’s suggestion left Hudson delighted.

Indeed, it proved that recruiting him was a wise move.

Working in the Royal Family is different.

This political awareness is something his subordinates lack.

Even the cream of the crop, those who made it to the upper echelons of the domain, only focus on their piece of the pie when it comes to politics.

“Alright then, let’s settle with this plan.

You can go and pick people first.

As soon as the political publicity is complete, we can take action.

Checking the timeline, it seems like in a few days the Kingdom will be consulting us local nobles about the plan.

I will mention this when the time comes.”

…