King
Chapter 786 - 786 54 The Change Triggered by Huge Losses_2

786: Chapter 54, The Change Triggered by Huge Losses_2 786: Chapter 54, The Change Triggered by Huge Losses_2 The Duke of Newfoundland grumbled.

The Alpha Kingdom might seem prosperous now, but it’s actually dancing on a cliff’s edge.

Once the bonds in their hands are depleted, they won’t be able to keep up their arbitrage game.

Convincing domestic nobles to lend out their bonds doesn’t mean they can persuade foreign creditors.

“Recording” promises are only effective with their own people.

Outsiders would rather believe in contracts instead of an elusive promise.

“Use the extra cash to reduce debts!

Especially those high-yield bonds, redeem them as soon as you get them back, to save on interest expenses.

Everywhere else, save wherever you can.

Holding huge debts for a long time is very detrimental to the development of the kingdom.

Try to repay a portion every year, striving to clear all the kingdom’s debts within eight years.”

Caesar IV slowly stated.

It’s a tragedy to think that his first long-term national policy since taking office is to repay debts.

The “eight-year” target was not casually set.

After eight years, all of Alpha Kingdom’s debts will fall due.

If they don’t start repaying in advance, when they begin to fully redeem them, the kingdom will inevitably go bankrupt.

Kings can’t retire.

Given Caesar IV’s age, he will still be in his prime in eight years.

He doesn’t even have the opportunity to shirk his responsibilities onto his successor.

Setting an eight-year debt repayment target also means that the Alpha Kingdom must recuperate for the next eight years.

In their hearts, the ministers breathed a sigh of relief.

Their expectations of Caesar IV were not high, as long as he doesn’t meddle unnecessarily.

Take a rest, it’s no problem.

With Alpha Kingdom’s current system, even without a central government, the noble lords can effectively govern their regions.

Once eight years pass, these old ministers will have fulfilled their final mission, ready to pass the torch to the younger generation.

A monarch has his own subjects.

From succession to the present, Caesar IV didn’t replace any ministers, that’s already respectful enough.

Of course, retaining the original staff from the Caesar III era was also a reluctant choice.

When personal prestige is insufficient, to maintain the authority of the central government, you must employ respected ministers.

The old ministers left by Caesar III have a good reputation in the kingdom.

Many tasks are effectively done by them, local nobles will always respect them.

If they suddenly switch to new blood, before they have achieved anything, they cannot earn respect from everyone, and they will inevitably face comparisons and criticism.

…

Atop the Holy Mountain, looking at the investigative report in his hands, Shelter VII’s face was ominously gloomy.

He originally planned to expose Alpha Kingdom’s sinister intentions to the outside world, but now he began to hesitate.

The Clergy also has its face to consider.

If they continue as per the original plan, in discrediting the reputation of the Alpha Kingdom, they would also tarnish their own image.

Being tricked by the enemy for so long without noticing any problems.

The “inept” label is certainly inevitable.

If the news gets out, people who laugh at the Clergy may not be fewer than those who rebuke the Alpha Kingdom.

Once labeled as “incompetent”, the prestige of the Clergy outside, I’m afraid there won’t be much left.

In the days to come, more and more countries will dare to disregard them.

“The news has been verified, it’s Alfa Kingdom’s conspiracy.

The run on the bank plan is fully cancelled, dispose of all the bonds in your hands as much as possible to minimize losses.

We’ll chalk this up for now.

When our northward plan unfolds, we’ll go back to settle the account with them.”

After some contemplation, he still felt it was unwise to hold a large amount of Alpha Kingdom’s debt for a long time, and chose to bite the bullet and cut the loss.

As for the subsequent threats, Shelter VII has made countless times in the past.

“Your Majesty, everything has two sides.

Although it seems we have lost this time, but loss is always relative.

If we lose to the Alpha people, we can regain it somewhere else.

Now all countries are building up strength, an unprecedented war is looming.

It’s rumored that the Frank Kingdom has developed a strategic plan, preparing to annihilate the Half-Orc Kingdom within five years; the Iberia Kingdom is also planning to wage war against the Cannibal race.

Other countries adjacent to different races also have similar plans.

Except for the Elf Race that is sitting on the sidelines for the time being, other races all have their respective enemies.

Everyone is busy dealing with the trouble of different races, we can’t always be idle.

Fighting for living space for the Human Race is our Clergy’s duty.

Last time the Dwarf race rejected our goodwill, so they no longer need to exist.

Annihilating them will just about make up for our lack of military capability.”

Blake said righteously.

Taking up arms against different races is not the first occurrence in the history of the human race.

It happens almost every hundred years.

Especially when internal conflicts within the human race are about to intensify, everyone will tacitly choose to provoke foreign wars.

If they win, successful territorial expansion will alleviate internal conflicts; if the war is lost, the vitality of each will be greatly impaired, facing survival pressure, and there will be no time for infighting.

It is through these repeated conquests, devouring the flesh and blood of different races, that the human race has gone from weak to strong, creating today’s brilliant supremacy.

They’ve always played this way, and of course, they won’t be an exception now.

The Clergy has been silent for hundreds of years, and if they want to return to the continental peak, they must impose external prestige.