1075 - - cause of the crash



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"A big change appears in the market for magical tools. I could sense the signs of this in the fortune telling I did the other day."

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 The Thracian clan is known as the Shadow People.

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 A woman named Theon is one of the heads of the Thracian clan.

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 Somehow she came to live in a mansion with my workshop in the Orient, and she continues to do so.

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 I send shadowy people to various places to collect information and manipulate information, which helps me to control them, but she also had a special power.

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 It was the power of divination.

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 Perhaps it is something close to witchcraft.

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 Theon's fortune-telling is often right.

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 However, it does not necessarily mean that the future will come according to the result of the fortune-telling, since it is possible to take actions to avoid the future after knowing the result of the fortune-telling.

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 But still, it is useful to think about the future, so I have asked her to tell me if she sees something in her fortune-telling.

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 And now, after I went to Mt.

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 The price of magic tools had been skyrocketing.

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 The report says that there will be a change there.

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When do you think it will be?

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"Probably in the summer or fall of this year. That seems to be the most likely time.

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"Is it possible to avoid it?"

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"......It would be difficult, wouldn't it? At least, I have no idea how to avoid a market crash."

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"I see. So that's what fortune-telling can't tell us. If that's the case, I doubt anyone will be able to stop them now.

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 Winter is over and spring is coming.

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 If the market price of magical tools will suddenly change as early as summer, it is safe to say that the time left is limited.

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 It is not likely that there are many people who can foretell the future with as high a probability as Zion.

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 And if even Zion does not know how to avoid the crash, no one will be able to avoid it anymore.

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 So, we may say that this is almost a definite future.

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But even if we can't avoid it, maybe we can shift the time? No, I don't know how to do that."

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"Perhaps it will be difficult to stop this trend. Rather, it is Alphonse himself who is giving the decisive blow to the collapse of the market for magic tools. I think it's fair to say that he is the cause of the crash, rather than stopping it.

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"What? I'm the cause? Why not? Well, I knew it was going to crash and I didn't do anything to stop it, but I didn't induce it to crash, did I?"

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What are you joking about? You're doing it right now. The reason for the crash is that the existing money in circulation is disappearing to make room for the new money.

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 In my conversation with Zion, he told me that I was the cause of the decline in the market for magical tools.

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 I wonder if that's true.

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 I think about what Zion said to me again.

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 Or rather, the disappearance of money is the cause. .......

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 In the first place, magical tools were originally manufactured in Briaria.

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 It was almost monopolized by other countries, perhaps because the technology of magic circle was not so widely spread in other countries.

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 In addition, since they can be used for weapons such as magical weapons, the Briaria mage countries probably limited themselves to distributing items that can be used as daily necessities.

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 They cannot be used as weapons.

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 Since the magic circle was also encrypted, it could not be deciphered even if it was distributed in the market, and it was treated as a luxury item in the East.

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 The Orient Magicians' Guild entered the market to take advantage of this situation.

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 I ordered Ai to inform the craftsmen of the basics of magic circle technology and encryption methods in a mansion with a workshop here in the city of the Orient.

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 And the magical tools that were created based on that information.

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 Craftsmen competed with each other to buy these tools, and eventually merchants joined in, and the tools were positioned as speculation goods.

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 Nowadays, rather than the performance of magical tools, they are treated as items that will eventually sell for a higher price if they are bought and left on the market.

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 A piece of magical equipment bought with a single gold coin has become a dream commodity that can be sold for several times, ten times, even a hundred or a thousand times the price of a piece of equipment bought with a single gold coin.

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 Nowadays, it is said that those who do not buy magic tools are fools.

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 However, the price has become so high that it is sometimes difficult to even buy magic tools these days.

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 Therefore, there is even a strange deed of purchase of the right to purchase magic tools in installments.

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 Of course, I think such a thing is unusual.

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 Eventually, some kind of limit will be reached and things will go wrong.

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 That's why I was expecting a crash, but Zion said that Enn was the cause of the crash.

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"Could it be a temporary cash shortage? I wonder if it will be triggered by the fact that they are collecting iron coins to exchange for the En."

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 The disappearance of existing money in circulation .

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 I think that what Zion is talking about is definitely the recovery of iron money.

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 If you bring iron coins to the church of Barca, they will exchange them for en.

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 En, which could be conveniently traded with bracelets, could also be exchanged for silver if necessary, so many people of all statuses brought iron coins to the church of Barca.

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 The iron coins so collected are transported to my Barca Palace in the New Barca Town, where they are converted into silver by the alchemy of Elle and her friends.

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 But so far, the silver is mainly kept in storage and has not been turned into silver coins again.

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 Does this mean that the number of coins in circulation will decrease?

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 The coins circulating in the Orient were not made by the Orient.

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 In terms of trustworthiness of coins, coins of large countries have been used, not those of small countries.

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 And the same is true for the small countries other than the Orient.

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 Most of the small nations use the coins issued by the powerful nations in their own countries.

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 I see.

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 The coinage of the Orient was recognized as official money by the Orient.

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 The Orient allowed the payment of taxes in the form of the coinage of the ene, and also stipulated that if necessary, they could ask the Church of Barca to convert the ene into silver.

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 But are the other small countries different?

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 The trade through the bracelet is not limited to the Orient.

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 Because the Ai is in charge of it, and although the Ai is the chairman of the Orient, it is based in the Kaiser Valkyrie.

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 In other words, the Ai manages the En from a place far away from this land in all lands.

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 Therefore, there is no need or limitation to limit the place of trade to the small land of the Orient.

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 Merchants who trade in other small countries will also trade in en from now on.

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 But these other countries have no way to collect En as a tax in their own lands.

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 The reason is that the magical device of the bracelet remotely controls the En by responding to the magic of each individual, but the actual coin does not exist.

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 No other country but the Orient can collect the insubstantial coins as taxes.

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 Then, what will happen?

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 They will try to collect the money at any cost.

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 Each country will try to collect coins that are in short supply as something of physical value.

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 Maybe the merchants will sell for cash the magical objects they have been buying for speculation.

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 A single piece of magical artifact could be worth thousands of gold coins, and it might be sold at once.

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 What would happen then?

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 I thought that there would be no takers even if I tried to sell it.

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 Even if it were a very big trading company, it would be hard to pay so many gold coins.

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 Even if there were sellers, there would be no buyers in the market for magic tools.

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 If more countries demanded payment of taxes in coins, they might sell the magical items at a discount.

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 People who want to have a little cash will start to seek cash, even if it is cheaper than the price at which they bought it.

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 This would create a vicious circle, and further pressure to lower the price.

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 Will it really come to that?

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 To be frank, I am not sure if the disappearance of money that Zion is referring to is caused by a trend like the one we are seeing now.

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 But if it is, the problem will certainly erupt from summer to autumn.

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 That is the time when most of the countries pay their taxes because of the rice harvest.

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 Anyway, let's sell what we can while we still can.

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 I decided to trust the fortune-telling that Zion had taught me and dispose of my speculative magic tools first.

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