The Annals of the Flame Kingdom (WN)

"... Come on, Coata. What do you want?"

Niyaniya, and.

It becomes more dangerous to Carlos I's gaze, who looks really interesting, without even knowing the look on Hota's face.

"... you 'snake'"

Basically, Kota is a warm human being. Whatever, "I tried it and I was able to do it," so much so that they wouldn't be angry at me if I was summoned.

"... didn't the 'mask' peel off? In the ae, its face"

The Kota uncommonly reveals his emotions and stares at Carlos I. Even Carlos I, who doesn't know "usually" Hota, accidentally shivers his spine, pointing a gaze at someone who could shoot him.

Distribution in Terra of the Solvanian Deed.

There are exceptions, but the currency itself is one per country. Dollars for the United States, yen for Japan, euro for the European Economic Area, and so on. Incidentally, there are also monetary units, such as cents and monies, which are subsidized currency units.

This note is referred to as' legal currency 'and is a currency that is prescribed to be carried out with it if taxes or wages are to be paid. It is not possible to pay sales tax in dollars.

"The Solvanian deed will never appear in Terra."

"Why not?

"Because Terra prohibits the circulation of Solvanian extradition instruments"

"Hang on. If you can, try it. No? Terra's merchant, can you all go somewhere?

As things stand, transactions are taking place in Terra in both white gold coins and extradition deeds. Although it is done, the deed of extradition is not used because it is' legal currency '. It is used simply because it is convenient, and there is no legal basis there. Whatever. "Deed to surrender." Precisely a favor level such as' use it '. We're just talking about the private sector putting it in circulation on its own. If you return the back, Terra has no power to stop the Solvanian extradition deed, even if the merchants used it on their own, if the merchants are in agreement with each other. It is Terra who has trouble leaving the merchant.

"You can't do that, can you? You were saying it yourself, weren't you?" Terra is a poor territory, "he said. Injunct the circulation of extradition deeds in which such a poor territory circulates in the Kingdom of 'Crown the World' Solvania?

"But Terra also has a charm."

"Let it go. Look, let me break that charm, too?

"-! That!

"Oh, are you kidding me? Don't be serious, okay?

Well, there's nothing wrong with doing it if you want to.

……

The Solvanian extradition deed seems to have few disadvantages in taking Terra's distribution route. It is a deed issued at the same rate, secured by two white gold coins of the same value: the Solvanian white gold coin and the flame white gold coin. If "circulation" is the main idea, it would be more Terra's extradition deed than it turns, but it would be Solvania's extradition deed, but it would be white gold coin, but the design is just different, that's all.

"... Still, I will withhold"

To the words of Carlos I, Kota bites off his lips all the time.

A monetary system with things of the same value as collateral is called the 'home system'. There are all kinds of gold and silver systems, but if everyone recognizes the value of the collateral, that's fine.

"Solvanian extradition deeds are in circulation, and if Terra admits it, there will probably be Solvanian extradition deeds all over Terra's territory"

The point is convenience.

"But then the value of Terra's extradition deed becomes weaker. 'Cause you do, don't you? Precisely, I would choose an extradition deed that can only be used in Terra and an extradition deed that can also be used in Solvania, even I would choose a Solvanian deed"

"Let's do it."

It is basically not possible to issue more 'banknotes' than collateral than employing the headquarter system… or it should not be done. At the end of the day, the deed of extradition that goes out in Terra does not exceed the quantity of white gold coins stored in Terra. Because if everyone brings an extradition deed and presses for repayment, they won't be able to pay it back.

"... Terra is still turning now. Whatever. It's" Poor Land. "

White gold coins stored in Terra are never huge. Whatever you say, because it is a 'poor territory'. But it's still good. Ironically, in Terra, which is only a poor economic base, demand can be satisfied sufficiently with only the current volume of delivery instruments.

"... so what?

Naburaki. The word comes to Hota's head.

"... Terra wants to continue to develop and go. In order to do so, white gold coins are… necessary for the circulation of instruments secured by white gold coins. But once the Solvanian extradition deed comes out, Terra's extradition deed is worthless."

In that state, will white gold coins be collected? More precisely, do you want to deposit white gold coins and turn them into Terra's extradition deed, or do you want to turn them into Solvania's?

"I'm not going to admit that."

Until yesterday, one hundred yen of eraser will be one hundred yen the next day. This is called inflation. The value of things increases and the value of money decreases. The opposite is deflation, which reduces the value of things and increases the value of money.

Inflation and deflation are big places to stop to see how much people end up 'wanting'. If anyone wants an eraser for two hundred yen a piece, they'll sell it for two hundred yen, and if someone wants it more expensive, it'll be three hundred yen. In other words, that's nothing more than 'I have extra money'. And this "excess money" thing, that is, more people buy land, for example, or build more buildings, because of inflation. More landlords who sold their land or carpenters who build buildings make money. In Terra, where taxes are levied for profits, the economy turns around in the process for the first time to create flavor. It is no exaggeration to say that the terra economy is supported by inflation. Most importantly, accelerating inflation can be a big deal.

"… Terra does not want to be ravaged by the currencies of other countries"

National central banks will attempt to adjust their currencies to a certain amount in the name of monetary policy. If you have extra money, absorb it and, conversely, release it if you don't have enough money. By doing so, we can stabilize prices and avoid economic disruption. This is called monetary sovereignty. The circulation of the currencies of other countries means that monetary sovereignty will be taken away, and the terra economy will be pulled around in the Solvanian economy. by the unilateral convenience of Solvania, is.

For the record, plans to increase branches and reduce taxes, which are booming in Terra, will be a policy known as' fiscal policy ', and it's the government's job. Whether the government is doing the central bank or the central bank is doing the government is a subtle place, but in Terra, both of them are done by the Lords and their Brains... I mean, Erica and Hota and Emily. Independence of the central bank, what happened?

"My thoughts are sweet, Coata. Whether Coata is, Solvania's extradition deed goes out at Terra. There's only one way you can avoid it."

Now, turn your head down on me and ask me, please.

"... ok"

How much time has passed?

"… authorises the circulation of extradition instruments"

That said, Hota drips his head off.

"... what. Can't you tell what's wrong? I thought," Please, don't make a deed. "

"You don't have to ask me to do that to make it, do you?

"Sort of."

"... Stuck what, honestly"

Whether you lower it or not, you actually distribute it. There's nothing more I can do about this. Then just keep your head down. It's free to lower it.

"… but we will distribute Terra's extradition deed in the same way. And I'll strike a policy recommending trading on Terra's extradition deed, okay?

"If you like, yeah, no."

"Furthermore, may I acknowledge the Solvanian extradition deed and the Terra extradition deed, which are of the same value?

"Yeah. I mean, normally, yeah? Sorbanian white gold coins and Flame white gold coins are the same value, right? Look, it's the same thing."

"Yeah, right. Then I declare it so."

"... what? What are you thinking?

"No, nothing"

……

……

"... mask, yah"

"... Come on, what do you think?

Exploration of the belly. How long has that been going on, just like earlier?

"... Yep. If that's the way it is, yeah, no."

That's what I said, one sigh. Carlos I breaks.

"... Really? Well, then..."

"Oh? You've been told quite an interesting story, haven't you?

Unexpectedly, a voice sounds from behind Hota.

"... Sonia! Sir, are you coming? If you come in here on your own, do it!

"I'm sorry. We were told a very interesting story, so I followed."

"I thought you heard me!

"Terrible. I just happened to want to come through."

'Strong will', not 'tough'

It was those impressive eyes that jumped back into Kota's eyes. Next, tung, high nose and small lips. All of the facial parts are positioned in the ideal position, stretching the loose wavy blonde hair to her shoulders and wearing a 'burning' red dress as well as her eyes look good on her.

"... this one?

"... Sonia. Introduce yourself, when you do"

"Nice to meet you, Lady Courta Matussillo. My name is Sonia, the eleventh son of King Carlos of Solvania. Later, get to know each other."

That said, gracefully grace the edge of the red dress by picking it properly. Unexpectedly, Kouta makes her residence right.

"... sorry for the delay in greeting you. I am a Yamate merchant and I am now in trouble with Rondo de Terra, my name is Courta Matussillo"

"Yeah, I know you. Rumor in the alley, Dear 'Demon King', right?

"People don't like demon kings. I'm just a normal person."

"Oh, my God! I can't believe you're a normal person. I thought you had my father in your hand."

"... Instead of handballs, I am much more frustrated?

Fly your gaze to Carlos I properly.

"... excuse me, Coata. What is this child... his grandmother... always wants to stick her mouth in an adult story? Hey, Sonia! I'm talking about something important right now. Come on, let's get you a room!

Just a little loosen Kota's expression to Carlos I, who gives him a bitter look. I guess' Snake 'is also vulnerable to my daughter, and the way she scolds me is kind of compelling.

"Oh? I'd love to hear that, too."

"Asshole! It's you, isn't it? You don't have a girl and a kid to pinch your mouth!

"Already! That's what your father always says! I want to hear it too!

"You!

That's how I swell my cheeks. To Sonia, I almost broke Kota's friendship.

"Because... it's rarely seen where your father is taken by the balls!

Keep that look, it solidifies.

"... what does that mean?

"Hey, Master Coata?

"... what is it?

Don't fall in love, smile.

"Terra's extradition deed uses Flame White Gold as collateral. In contrast, Solvanian extradition deeds plan to use Solvanian white gold coins as collateral. Right?

"... Yep"

"I like Flame's white gold coins. Alex the Founding Emperor's engraved and riddled design seems to look at a scene of heroic poetry, something very heartbreaking."

"... Really?"

"But I like Solvanian white gold coins more than that. Maritime Empire, Solvania. A floating ship at sea, don't you think?

"... what do you want to say?

"Oh, excuse me. So I'm... worried that my favorite Solvanian white coin might spill out of space."

Beautiful, beautiful smile. No evil, innocent, with such a smile.

"Indeed, temporarily, 'wealth' will be gathered in Solvania. But that 'wealth' is a limited 'wealth' that must be redistributed"

centralized system, which consists of collateral held by each country. If it is gold based, white gold coins if it is gold or white gold based. What happens if white gold coins continue to gather in one country, that is, in Solvania? Terra will no longer be able to issue white gold coins and deeds. In other words, the deed doesn't go far enough for those who 'want' it, going into 'deflation'. This would be a major downside to the terra economy.

"Right, Master Coata?

How about Solvania? Solvania, which has been deflated by Terra, will have to cause inflation if it does not continue to make deeds and release white gold coins according to its holdings of white gold coins. Because if we don't, we won't be able to maintain the white gold stock system.

"If we can no longer maintain the dominance system, we will have to stop trading with white gold coins in the end. Nevertheless, Solvania will manage to do so. Whatever you say, it's the Solvanian kingdom that" crowns the world. "

But... what about Terra? and.

"Terra can't do this anymore, can she? Deed of Terra unable to trade with white gold coins. It's a piece of paper, isn't it? 'As it is now' then."

What do you say? To Sonia asking, one sigh.

"... you're here"

Phew, exhale loudly and Kota stares at Sonia.

"… you know"

Terra's Extradition Deed to link with Solvania's Extradition Deed. Worst of all, if Terra's extradition deed stops trading with white gold coins but links them to 'Solvanian extradition deeds that can be exchanged for Solvanian white gold coins', they will be insured. Whether or not Solvania drinks at that time is another matter.

"Oh, is that correct?

"Yes, I admire your wisdom."

"Well, I'm glad! Father, can I ask you something?

Sonia grins at Carlos I with an angel smile. At the end of his gaze, Carlos I looked bitter than earlier.

"... the first scattered sinister face, how about acting?

"No, seriously, I scratched my feet."

"I feel like I'm gonna get all the talk about Sonia and Terra, right?

"No. In the end, the small terra will depend on the big Solvanian economy. This is pretty painful. It's no different than getting a dagger stuck in your throat. No... I thought this would happen at some point. Because there's no way Terra can complete the business flow alone. Just."

A little more, I really wanted time. In today's economic inequality, Terra gets drunk by Solvania. At least for the next three years or so. If economic disparities had narrowed to about half the size, we would have been able to negotiate differently again without having to go to more Terra to become more local and equal to Solvania.

"... well, there's nothing I can do about it. If this is the eye that came out, I will obey it."

"Sticky till my eyes came out, what do you think?

"That's the place. It is true that I did not want Solvania to distribute the deed now. The size of the economy, the volume of merchants, the national territory, which is extraordinarily larger than Terra's. As His Majesty said, it's not 'reciprocity', so we are."

"I don't know."

"And..."

Cut the words.

"... personally, I didn't want to lose to you. Terra... most importantly, I"

"... is"

Blow your face at Kota's words.

"Ha ha! Himself, it's still funny! What about me, the king?

"Your Majesty said that, didn't he?" I don't want to talk to the mask, "he said."

"Oh no! That's better. Yeah. Yeah, but... what? Even with all this difference, is Terra going to bite Solvania?

"Naturally. Terra's territory's interests will be paramount, I am. Now I worship the Solvanian afterdust..."

At some point, I will give you this' payback ', he said.

"Oh, my God, Coata. Don't follow me. Let's get along."

"... which mouth says, let it be"

"No, really? Credit comes first in business. I don't know what time you'll be sleeping. I can't do business with them."

"... deceitful deception is not the basis of business?

"It's really business to build trust from there. No? That's what the woods do."

Say so.

"Then, Coata. You trust me, okay?

"... are you serious?

Counterfeit deeds, magic powder, currency. Which the hell do I tell you to trust? One more bottle and you'll be full.

"Are you serious?

……

"And rather than say it. Don't be such a pain in the ass."

"... what does that mean?

"Coata, come to me."

Easy as deciding on a menu for dinner.

"... pull out, is it?

One more bottle. It's a banging achievement.

"Oh, yeah. The boulder Demon King, if you turn it to the enemy, it's troublesome, but if you're on your side, it's comforting enough. It's become a personal favorite, and together we'll develop Solvania, can you help me with that?

……

"I'll pay you more than double Terra's salary. Need it, if you say so, you can do the title, the territory, the ae. Solvania is so busy that old people rot, but I want to protect them all from that."

"... it's too much to buy. It's not such a big deal, I am."

"Coata's self-assessment, not much. But ae. That's what I thought. If you can buy" Demon King "for territory, title, or gold... if you can keep it within sight, that's the best fly."

……

"On the contrary, if you don't want me in Solvania, I think I'll kill you within the moment."

"... make a joke"

"I'm not kidding. That's about as bad as it gets."

That said, the snake stares at the demon king.

"Again, I don't even know if this opportunity will come around. I'm hopping into a corner nest, and I want to keep it locked up."

Even if it's war with Terra, for example.

"... ho, but personally, I want to keep you alive. I think you want to keep an eye on the fate of such a human being, breaking this economic system of solidified Orkena. I don't care if it's for Solvania or Orkena to kill you right now. Saya."

Hey, Coata. Please, come to me.

"... thank you for the story, I refuse"

"... live a joke, die, you're not telling me?

"Still."

"Yamate's merchant, huh? Why are you stepping in with Terra?

"... there are a lot of circumstances. In the first place, Your Majesty. Before pulling out, how would you like to be reminded of your deeds?

I'm not going to talk to the boulders about the braves. Except for that, he's a sporadically threatened, blurred, and forgiven opponent. It could be such an easy thing to trust.

……

……

"... ok"

……

"To the boulder, I have no body to tell you to die. I'm not worried about you going back to Terra and making a move on your Solvanian opponent. Then…"

So I said, look at Sonia, and I say...

"Sonia! You, go to Coata's wife!

- I opened it and said something terrible.

"........................ what?

"Do you trust me in the first place? Here, I'll do Sonia. Well, even if I tell my wife, she's a hostage. A country with cute daughters...... no, but territory or. I don't have ghosts, either, and I don't want to be impotent. And Coata, if you do that, you'll give me a little relief, okay? Though my brother-in-law, he is ruling my country!

economic alliance. And a political marriage to make it stronger. I see, it makes sense. Though it makes sense.

"Hey, wait a minute!

Kota, panic. That would be so. I'm not talking about piercing. All of a sudden we're talking about a full role.

"What?

"How dare you! No, hey, sire?

"Sonia or royalty. I'm ready to be a tool of political marriage."

"No, I'm not going to say human rights to the royal family either! I'm not..."

"Oh, I'm not dissatisfied with my daughter-in-law, am I?

"- More problems...... yes?

"I'm going to take that father in my hand. It sounds like more fun than going to some unreliable prince."

"Oh no! Good for you, Coata."

"No, I didn't!

"What? Differences in identity, are you going to say? I don't care.

"I'm worried about that too! No, still not!

"... are you going to tell me that you care about Sonia?

"... Really, Master Coata?

"No, it's my first meeting today before I don't care!

"... if it's Hoi, Coata, my fiancée. Yes. Marry me if you like me in the hoi. You want me to fly this? I'm telling you, it's quite a concession. So, what's this? Keep the princess of Solvania."

"... I'll be the wife that Courta will love!

"So! I didn't!

"... What the hell. What's wrong with you? Yeah, no, Sonia. Pretty?"

Shows a very unpleasant face, to Carlos I.

"I admit that. I admit it!

Take a breath.

"Sonia, what the hell are you!

After putting a decent face to Kota's words, I smiled similarly at him earlier. Left and right hand...... with that 'little hand' yeah dude, yeah dude and fold with your fingers.

"... this year, I'm ten years old!

With a full grin, hands in the form of a 'par'...... age-appropriate, for Sonia with a 'cute grin'.

"... I'm twenty-six!

With his hands on his forehead, Kota looked up to heaven. You must be too young, for a boulder.