Chapter 370 Continue to decline in moral integrity

"How is this possible if the Duchy of Mosey can hold on?"

Caesar IV asked incredible.

Originally, he thought that someone would be in trouble with him, but he was ready to lie down and lay down once the run broke out.

However, the debt crisis was even more serious, and an allies who were considered to be liable to pay actually came to tell him that he could survive the crisis.

If the Duchy of Mosey could hold on and the Kingdom of Alpha would go to pay the debt, it would be really unreasonable.

"Your Majesty, we have made it again and again. The Duchy of Mosey is mobilizing the nobles from all over the country to raise funds, and also sent people to communicate with the creditors, which is said to have achieved good results.

Many nobles have said that before the bonds arrive at the agreed date, they will not require advance redemption.

The first great nobleman to take the lead in making his statement was Count Hudson. Not only did he announce that he would not repay the bonds in advance, he also successfully convinced the nobles in the expeditionary army to make a promise together.

Affected by these good news, the war bonds that had been surging along the way also rebounded slightly.

Then, the most important thing is to convince the creditors not to run. Judging from the case of the Duchy of Mosey, it is still possible to succeed.

On the holy mountain, Pius VII, who received the news, was directly blown up!

“Is this the result of your actions?

The bank run we spent huge amounts of money was just a sensation?

And what happened to the Duchy of Mosey?

The two million gold coins prepared in advance were only spent 1.6 million, but this did not affect the success of this speculation at all.

At worst, you can lose one or two million gold coins. As long as you can destroy the credibility of the Alpha Kingdom, everything is worth it.

You keep saying that they will definitely default, so why do you reach an agreement with your creditors first and get out of the debt crisis?

Other countries do not want the Alpha Kingdom to grow bigger, but they have their own moral bottom line. At most, they will be fueled by the fire and will not directly stab the knife.

Many creditors were shaken, believing that the Principality of Moses could survive the debt crisis, and the Alpha Kingdom, which had a better financial situation, would definitely be fine.

It is said that at the negotiation site, the Moxi people directly offered two choices: either pay normally according to the agreed date; or they immediately declare a debt default.

The nobles in China expressed their support, but that was only verbal. In actual actions, Hudson really went to buy bonds, and the others expressed it symbolically.

The eight million cash that the kingdom finally raised was soon redeemed. If it weren't for the one-month buffer period, I'd probably have already lie down.

"Well, let's try it! If Moxi people do this, they can make a difference, then we don't have any reason to fail. The only trouble is the mastermind behind the scenes.

After the messy deduction, they only accept 20% discount on the face value of the coupon, and they have to apply one month in advance to obtain redemption before they can be redeemed.

The nobles in the north of the kingdom were basically poor and could not afford to pay; the nobles in the south were richer, but at this moment they were busy building defense lines, and they were afraid they would not be able to provide too much support to the kingdom.

Of course, they can also choose to enter the central continent. However, the central part of the mainland is too crowded, and now there is no soft persimmon in the several countries in the central continent, let alone the land of four battles.

If you buy it back from the market and then use it to the Alpha Kingdom to repay it, you will definitely lose money.

"Idiot! Since you know how to do it, why are you still standing there? Send someone to implement it quickly!

Otherwise, all countries will collect debts together, and before the run breaks out, the Kingdom of Alpha will go bankrupt first.

Now he finally understood why his father hated the Holy See so much, and it was those guys who were completely unemployed.

After the market stabilizes, ordinary bonds will be sold one after another, and the principal will be almost collected, and the rest will be made in a lot of money.

Pius VII cursed.

The crisis is still rampant, and more and more creditors are demanding early redemption.

After the Holy See joined the rush to buy, Hudson realized that the market was over and immediately ordered the action to stop.

…”

In order to create panic a few days ago, we have sold a lot of bonds, and the war bonds we hold are currently less than 100,000.

The analysis of Marquis Delgado made Caesar IV calm down suddenly. Logically, it realized a closed loop.

If you lose one million gold coins yourself and consume the cash flow of 10 million gold coins in the Kingdom of Alpha, you will definitely be successful in strategically.

However, the specific redemption date must be pushed back as much as possible, preferably after the Moxi.

If you want to stabilize the situation, you can only seek help from the outside world. The Ministry of Finance has contacted major chambers of commerce and they have promised to borrow funds, but their appetite is a bit big.

The Marquis Delgado's explanation made all the senior officials of the kingdom angry. The Holy See actually bought bonds from the market and paid them, and it was so shameless.

Blake didn't want to show up, but Pius VII just ordered his name and he had no choice but to refuse.

If the market confidence is stabilized and the Duchy of Mosey has survived this storm, then the Kingdom of Alpha will be saved.

"Then let's spend time with them!

Didn’t the Holy See want to acquire bonds from the market and help them. The bonds recovered by the Ministry of Finance will continue to be publicly destroyed, and I will find a way to find a way to get a funding gap.

The difference is that the creditors who surrounded the Duchy of Moxi barely reached an agreement after rounds of negotiations.

The threat of bad things can indeed deal with ordinary creditors, but for the Holy See, which caused this storm, they don’t care whether the bonds in their hands will turn into waste paper.

Obviously, Caesar IV's concerns did not disappear. It is true that the Moses achieved certain results on the road to repayment, and they may not be able to withstand the crisis, which is still an unknown.

It was fine if Hudson did this, and other creditors of the Principality of Mosey did this, which seemed too reasonable and somewhat illogical, but the facts were right in front of him, and he couldn't help but believe it.

"What's going on? Isn't the market already recovering? Why are there still people running?"

After hearing the words of Count Francis, Caesar IV did not know for a moment that he should praise Hudson for having a big picture; he still angrily scolded him for spending time gaining fame for himself, forgetting that the kingdom was also deeply in a debt crisis and needed support.

"Your Majesty, the people from the Holy See have taken action. This time they were too lazy to even cover up, and the purpose was to consume our cash flow.

"Your Majesty, we can copy the measures taken by the Moses. It is not difficult to obtain support from the nobles in China, but the difficult thing is that they don't have much money in their pockets.

Caesar IV asked with a puzzled look on his face.

If it weren't for the constant incitement and constant exaggeration of the risk of default, everyone would have chosen to compromise. After all, the annual bond interest is still being redeemed normally.

It seems that they can't lose a few points, but once they enter the market to acquire on a large scale, the circulation price will definitely be hyped up.

If it was said that the target of the Kingdom of Alpha was due to hatred and conflicts, then it has now risen to a strategic level. Who made Caesar IV's operation allow the Holy See the possibility of annexation of the Kingdom of Ruthenia?

...

After all, now we are forced to default on debts, and all the bonds in their hands have become waste paper, and the last gold coin cannot be obtained!"

Without any surprises, the public relations operation of the Kingdom of Alpha ended in failure.

Compared with the Frank Kingdom in the Southern Continent, the Kingdom of Ilibya... it is obvious that countries in the Northern Continent are easy to bully.

Although bond prices vary from place to place, they are generally on the rise. From a general trend, it is only a matter of time before the normal price is restored.

The creditors who surrounded the Alpha Kingdom were still in a stalemate, but their emotions were inevitably affected.

Having survived this shock, in the short term, the Alpha Kingdom has no risk of default, and it is also a good choice to hold high-interest bonds to enjoy a few years of profit.

If the Alpha Kingdom followed this and directly explained the strong relationship to the creditors, most of the creditors would have to pinch their noses and recognize them.

All of us have applied, but that's not enough.

Originally, the Ministry of Finance wanted to secretly sell a batch of recovered bonds and arbitrage from the market, but the outside world was too focused. In order to stabilize market confidence, we could only publicly destroy the recovered bonds.

...

After thinking about it, Caesar IV still didn't say it. He knew very well that the current Principality of Moses could not pay off the huge debt at all. Even if he took the bonds and asked for early repayment, he would not be able to exchange for money.

If restrictions are lifted for redemption, the kingdom's cash flow will soon be exhausted. The crisis faced by then will only be greater.

Judging from the current situation, it is obvious that someone is disrupting the bond market at all costs and trying to make our debt default.

"There are too many lice and not itchy, and there is no need to worry about debt."

Unexpectedly, they were killed and survived by a dead game.

But there is no way. In order to stabilize market confidence, even if the pocket is so poor that it is quackly, the Alpha Kingdom can only pretend to be rich.

"Since that's the case, then hurry up and raise money! Keep in line with the Moxi people on redemption, as long as they can stick to it, we will stick to it.

On the last day of 99991, the run finally broke out in full swing, and the embassies abroad in the Kingdom of Alpha and the Principal of Mosey were surrounded.

One by one, the small vests acted as pioneers, and the creditors who were originally interested joined the debt collection operation again.

What's more, because of the first move, there are 40% of these two million and five million bonds, and the annual interest rate can reach 10%.

Although it is still a million less than the initial goal to make enough money to build a dock and a shipyard, it is not bad.

Hudson was making a lot of money, but the Ministry of Finance was crying. The crisis in the Principality of Mosey was over, and the troubles in the Kingdom of Alpha were still ongoing.

I remember that there were more than three million war bonds in the royal family, and people were arranged to sell them in batches, and the funds they obtained were lent to the kingdom.

As the earliest to take action, Shandiling obviously ate the largest cake.

He was destined to be unable to repay the cash immediately, so he simply showed his generous performance and sold a favor to the Duchy of Moxi.

Affected by this news, the Alpha Kingdom suddenly became stronger. They agreed to repay the bonds in advance, but requested to deduct the previously settled interest, bond issuance costs, and fund raising procedures...

This action was jointly developed by the Holy See's multiple departments. It is precisely because there are many people participating and many talents who make money from it, and some problems will inevitably arise in terms of execution.

Especially the bonds of the Duchy of Mosey, the circulation in the market has been greatly reduced. It is estimated that everyone is waiting and watching the situation. After all, taking action at the current price will be a loss."

Hudson has already started preparing for a celebration banquet.
To be continued...