Chapter 709: Bracada Under the Foam
September 7, 2001 in the God-chosen calendar.
The war between gods breaks out.
The four gods defeated the Lord of Chaos in the sky of Yasha, and the whole world rejoiced !
This great victory is like a shot of adrenaline for the Asian Sands world, which has been on the passive defensive. Its invigorating effect is comparable to Zhuge Liang's Northern Expedition.
For a time, in the taverns of various major forces, the songs sung by the bards turned into war songs praising Yasha's conquest of Chaos. The enthusiasm of various major forces for fighting Chaos also increased a lot, and there was even a wave of heroes rushing to sign up to guard the border of Chaos.
However, there is one exception.
Yasha's victory over Chaos, a shot in the arm, seemed to have no effect on Bracada.
It has been two weeks since the news of victory, but the whole country of Bracada is still in a state of mourning.
Indochina was originally the most prosperous trade center in Bracada. Whether it was the quality and quantity of shops or the number of customers, it was the best in Bracada, or even in the entire Asia.
During the peak sales season of the Indian and Ukrainian collars, the booming sales are enough to make anyone who sees them unforgettable for a lifetime.
Especially during holidays, Indian and Ukrainian leaders are always full of energy.
Crowds of customers were jostle and spend money like water. The streets and alleys were crowded with people, and in front of all kinds of shops, there was an endless stream of customers, who happily selected their favorite products and enjoyed the fun of shopping.
From magic books and various magic machines to food, snacks and handicrafts, all are selling briskly and successfully.
But now, on the streets of the entire Indo-Ukrainian Territory, there are more vendors selling things than customers buying things.
Especially those shops selling high-end magic mechanical products are almost deserted and unable to make ends meet.
“Magic gas cars, magic heaters, magic ice machines… they are all big brands from first-tier factories, and they are all first-hand products from the factories.
Selling at a loss! All at a discount!
In our store, you can spend your gold coins as Titan coins. Yes, you heard it right, all at the same price!"
"The store is closed, factory genuine products, limited sale, limited quantity, first come first served!"
"The Storm Treasure Factory has closed down! The Storm Treasure Factory has closed down!
The boss Huang Bulaji owed 350 million yuan and ran away with his little bunny.
We had no choice but to sell off the treasures in stock.
The original price of the alchemy treasures was over 500 or 1,000 yuan, but now they are all 180 yuan! All of them are 180 yuan!
Boss, you are not a human being, return our hard-earned money!"
Bracada has experienced a major economic earthquake recently.
Mixue Bingtang used facts to tell Bracada that the market has rules and the economy has cycles.
The cycle lasts for twenty years, like a dream and an illusion.
Twenty years ago, Bracada had just experienced a technological explosion. In the first 10 years, industrial productivity increased by 40% to 55%, and the number of factories increased from single digits to hundreds of thousands. Bracada's gross national income almost doubled every year!
Bracada, a country with a long history, has fully unleashed the potential of this old powerful country by taking advantage of the explosion of magic technology.
By sucking blood from various affiliated forces and dumping luxury goods to the top leaders of each major force, Bracada really lived a good life.
At that time, as long as you were a [Braccada] - note that the [Braccada] here refers specifically to high-level soldiers such as mages and djinns - you could easily find a good job that would allow you to live a life of feasting and revelry.
Factory owners would contact students from magic academies before they even graduated, offering all kinds of conditions to invite them to join, bidding against each other, and using every possible means.
At that time, food in Bracada was so cheap that everyone could have enough , and resources in Bracada were so cheap that the warehouses in every city were piled high with them.
So, why is such a glorious Bracada now out of gold coins?
In a nutshell, it’s because the people have become poor and there is no more money to be made from them.
The development of magic technology has indeed driven the prosperity of the leading industries. Trosa, the boss of the Trosa Chamber of Commerce, has become the richest man in Bracada, with assets of 60 billion gold coins, equivalent to the lifetime income of 1 million middle-class Bracada families.
A total of 16 largest chaebols control 73% of the country's GDP. The top aristocrats pursue monopoly, and small and medium-sized enterprises seem to have no worries about survival, but in fact they can only make a living.
In the next 10 years, Bracada's industrial production doubled again, but the income of ordinary wizards and djinn remained almost unchanged.
The Trosa Chamber of Commerce has increased production of magic gas vehicles and doubled its output. Do they have to ask those mages who have difficulty buying one vehicle to buy two?
Ordinary people are too poor and useless, and the Magic Gas Car is unsalable, so the Trosa Chamber of Commerce will certainly not invest in production anymore.
If they have this spare money, they might as well buy land and speculate on the mage tower to earn short-term funds.
The price of the Mage Tower is too high, who will buy it? It is the mages who don’t have a Mage Tower who will buy it.
What if you can’t afford it? You have a stable income and a high salary, so borrow money!
As a result, a large amount of gold coin resources flowed into real estate, and then more gold coin resources were absorbed back from real estate.
By now, Bracada’s so-called hard work and wealth has long become a joke.
If you want to live in a luxurious wizard tower, have a large manor, a big villa, or ride on an armed boat, you have to take an unconventional approach.
Those top dignitaries have armed boats, villas, and wizard towers, where do they get so many gold coins?
To put it bluntly, you won’t feel bad about spending gold coins that are not your own.
For ordinary people, it is impossible to get rich overnight without stealing or robbing.
People are maids in armed airship villas and make a fortune.
Ordinary mages and genies take out car loans, mortgages, consumer loans, and various types of advance consumption.
The ordinary mages of Bracada were intoxicated by the extravagance of wealth and had no idea of the true nature of gold coins.
What is a gold coin? A gold coin is the embodiment of labor. Borrowing money means overdrawing your future.
The powerful get more wealth, the poor get a lot of debt, and after the carnival, there is chaos.
No one felt it when the economy was good, but now that the economy is bad, ordinary wizards and genies who borrowed money have to pay back the interest and principal in a blink of an eye.
They were like puppets kidnapped by the Bracada Treasury, with holes all over their bodies and bloody gold coins flowing out every second.
If you don’t want to pay the interest, you can only make quick money to pay back the principal as soon as possible.
How to make quick money? Either war or venture capital.
In the first bubble, the war against Negan, Bracada suffered a major defeat due to the unexplained intervention of the forces of Hell.
For the lords who treat war as a business, those petty nobles, and ordinary wizards and djinn, defeat means losing all their investment in the war.
Those who borrowed money crazily to fight the war lost everything.
Pop, the first bubble burst, and Bracada was already showing signs of collapse.
But soon, the second bubble hit like a hurricane.
invest!
Then they were cheated by Mixue Rock Sugar again, although they didn't realize they were cheated yet.
But as the flow of gold coins became more and more concentrated, Bracada's economic bubble had begun to collapse.
After the economic bubble collapsed, the average salary income of ordinary mages in Bracada fell by 70% in just two months.
However, the interest value of their loans has remained basically unchanged.
In order to repay various loans, they could only eat potatoes and pumpkins every day and drink a bottle of beer for three days.
Since they can no longer make money from ordinary people, the powerful and wealthy are accelerating their infighting. The big powerful eat the middle powerful, the middle powerful eat the small powerful, and the small powerful are waiting to die.
Within two months, Bracada's national monthly investment in factories plummeted from 10 billion to 1 billion.
Industrial production fell by 90%.
Factories across the country are closing, the number of unemployed people has exceeded 160 million, and ordinary people are feeling increasingly difficult.
There was a dock in Zhuiyueling recruiting workers, with only three positions available, but 2,000 people signed up.
It’s not that Bracada has no gold coins, but that the people have no gold coins.
Argede, Trosa and their men have mountains of gold coins, but even if they had three heads and six arms, how much could they eat and spend in a day?
When the bubble burst, the consequences of excessive concentration of wealth exploded all at once.
The top 0.2% of the powerful people in Bracada already own 98.8% of the wealth in Bracada.
The overall economy has shrunk, and the remaining wealth will not be enough to sustain the survival of 90% of the 98.8% of the people.
The bottom layer of the peculiarly shaped economic support pyramid collapsed.
Even the Indian and Ukrainian regions, which have always had the best business, have no business anymore, not to mention other places.
Because of this, the news of Yasa’s victory over Chaos did not cause any ripples in Bracada - I can barely afford to eat, who cares about Yasa and Chaos, I wish it were the end of the world!
This situation was of course noticed by the top dignitaries in Bracada, especially those in the Grand Council.
Of course, they are not blind or deaf, and they all know that the situation will be bad if it continues like this.
But - so what?
If we want to change the status quo, we must make these top dignitaries bleed, release some gold coins back into the market, and revitalize the economy.
Well, now the question is, who should be released?
A. [Let Trosa go, he is the richest. ]
I am Trosa, a permanent member of the Bracada Grand Council! The founder of Magic Technology! The ruler of the Trosa Chamber of Commerce! A legendary hero!
The entire industrial group is behind me. The four demigods all have businesses under my jurisdiction. Do you want me to bleed? Do you want to die?
B. [Let Fafnir go. He is a reckless man. He lost the battle last time. He is the culprit! ]
What do you mean? I am Fafner, the commander-in-chief of the three armies and the leader of the war faction. How dare you touch the military funds?
Awesome! I think you want to rebel, catch me!
C. [Let Deris go. She is just a bard who plays the harp and is easy to bully.]
Young man, do you know where so many mages in Bracada get their loans?
The Bracada Vault!
Then do you want to guess which faction the big treasury belongs to and why it is so rich?
Good man, they robbed the creditor of the money. Do you really think that our logistics team has no military force?
D. [There is no choice, so we can only let Escher go. Escher is nicknamed the Philanthropist, but he has always been a good person.]
Oh, I am not talented. The current Grand Speaker of the Bracada Grand Council, the current Emperor, do you understand?
Please refer to Queen Catelyn and Dragon Queen Moril and talk to me again, thank you.
E. [Let Al-Gaid go, he seems to be the weakest! He has no power but is so rich, he is innocent but guilty of possessing a treasure! ]
Young man, do you know the value of a legendary architect?
have no idea?
Oh, that's right, you are not at the level to know that, otherwise you wouldn't say such stupid things.
F. [Let the Thunder Temple, that is, Titan, release]
Ah, I'm dead.
There are six options, all of which are fatal questions, but this one is actually easy to answer.
Just close your eyes and choose G!
G. [Let the people suffer a little more. ]
Everyone is happy!
…
"Ahem! Next, it's the next topic.
According to responses from major cities, the unemployment rate in Bracada remains high, and nine out of ten mages cannot find jobs.
Without a job, there is no income. Without income, one cannot survive. This is a major issue concerning the rise and fall of a country.
Do you have any suggestions or opinions on this?"
At the grand council, Escher looked around and waited for a long time, but no one spoke.
He had no choice but to say:
“Since everyone is not enthusiastic about speaking up, I can only call out names.
Mr. Pickjem, as the second-in-command of the industrial faction and the manager of many gargoyle factories, do you have any solution to this problem? "
Picklejem stood up with a thoughtful look on his face and said seriously:
“I actually have an idea.
Mr. Speaker, we need to take into account the new situation, develop new wisdom, and solve this problem from a new perspective. "
"oh?"
Eschel also perked up.
"Tell me more about it."
“I think the problem of too many unemployed people needs to be solved together with the previous problem.
The previous question was that a large number of factories’ products were unsalable, commodity inventory was serious, and the factories were making huge losses.
You see, there are so many goods that cannot be sold and so many mages are unemployed.
Wouldn't it be enough to let those unemployed mages set up individual businesses and sell goods?
Kill two birds with one stone!
It can solve both the problem of product backlog and the problem of unemployed mages."
“Pah, pah, pah! Wonderful! Wonderful!”
"Great! Killing two birds with one stone. You are worthy of being a permanent member. You have high standards."
"Your Excellency Picklejem, your opinion is great!"
Many parliamentarians applauded and cheered.
A peripheral reserve member of parliament clapped along without thinking, and after clapping for a while, he suddenly realized something.
He quickly poked the person next to him and asked in a low voice:
"Eh? That's not right. The goods are unsalable because no one is buying them. If we ask them to sell them, who will they sell them to?"
"You're the only one who's smart? What does their life or death have to do with you? Shut up."
"Oh, that's right. Good! Pickle Jem is awesome."
Pickjem nodded to the people around him who were applauding, and sat down with a smile on his face.
At this time, the thunderous applause and cheers gradually subsided.
Escher smiled slightly and said:
"Very good, then these two issues will be treated as one and resolved together.
Next topic. ”
Having said this, Eschel solemnly pulled his tie, adjusted his hat, and suddenly spoke in a much louder voice:
“Gentlemen!
Our immortal hero, the glory of the Bracada Grand Council, the great hero who defeated the Demon Lord, the permanent honor of Bracada, with both wisdom and beauty, the embodiment of courage and force.
Miracle Maker, His Highness Xingfeng!
At 10:30 yesterday, he was officially promoted to a master-level hero.
This means that we at Bracada will have both a legendary architect and a master architect.
In terms of quantity, we will be tied with Elemental City for first place, and in terms of quality, we are the well-deserved number one in the Asian Sand World!
Let us give the warmest applause to express our sincerest congratulations to His Highness Xingfeng's mentor, the great legendary architect, Argaide Changren!"