Panic(2)
The Dwarf factories of Machina declared a strike at the same time, and furthermore, the trio including Ains began to lead as a central force.
This kind of high-level information cannot be properly filtered even if Bourges V censored it. Therefore, the news that a revolution would break out in Machina spread all over the place.
Agents or reporters planted directly by the Minerva Empire and other countries reported on the status of Machina moment by moment and exposed the actual conditions of the dwarf factories.
It has been about 100 years since slavery was abolished, but the slave trade is still taking place as if you were a demon worshiper.
However, the reality of the Dwarf factories was that they were literally ‘legal slaves’, so they were astonished. For this reason, many scholars criticized and supported it.
[Will the revolution really end in success? Or failed?]
[The dwarves leading the revolution are rumored to have met with Zeno…]
At first, everyone debated whether the revolution would succeed or fail. Even so, what had been dormant until now has exploded, so there is no choice but to draw attention to it.
Dwarves were basically a race known for being pleasant and patient. There is a saying that as long as you don’t touch your self-esteem, you’ll be second only to the demons.
However, it means that the exploitation of the factories was so severe that even that patience was shattered. Scholars liked that there was something to study about a social phenomenon that they had never seen before, but…
[As the political situation in Machina becomes unstable, foreign investors are withdrawing.]
More and more unusual things started to happen. In countries with unstable politics, especially when a revolution or civil war breaks out, foreign investors are the first to step out.
If you know a little about the international community, this is widely known as common sense, so most people didn’t care. The real problem is this:
[Production halted due to strike at Dwarf factories. Not only production, but the link itself is collapsing.]
[Dwarves fleeing abroad are increasing, but this alone is dangerous.]
[The upper and upper chambers of the Minerva Empire, which were dealing with Machina, were also bewildered by a sudden disaster…]
The production line didn’t shrink, it just dropped! And because it was cut off, various problems began to appear one after another.
It is basic that the supply chain is cut off, and the upper and upper companies that were conducting trade business through that supply chain go bankrupt one after another.
For the Minerva Empire, which was an economic powerhouse through a denser economic structure than other countries, it is inevitable to be embarrassed.
Instead, the upper classes were not stupid, so they lowered interest rates and tariffs, suppressing the collapse of their respective companies as much as possible.
As I said before, it was possible to prepare quickly because there were institutions and departments to manage finance.
[Unemployed people who are starting to be driven into the streets. The downtrend in stocks shows no sign of stopping…]
[Unexpected bad news came one after another, and paralysis began to come.]
[Inflation due to supply disruption. But I can’t find a job.]
[Finance Department of the Minerva Empire. Lowering interest rates is a stupid choice. We need to raise interest rates.]
It was no use.
The Minerva Empire, as well as the world, assumed that the current situation was temporary inflation.
Inflation is not a historically unprecedented case, and I was optimistic that it was able to survive with its unique economic strength.
However, due to this incident, the tower that had been painstakingly built collapsed.
[The situation was shaken by the counterfeit currency spread by demon worshipers.]
[In the past, the military budget increased due to the Ascanal incident…]
[There is a definite cause, but there is no way to properly determine whether it is really a ’cause’ or a ‘fuse’.]
The bigger problem is that the revolution that broke out in Machina may not be a ’cause’ but a ‘fuse’.
However, it is the Minerva Empire that has suffered a series of incidents and accidents that have damaged the nation’s power in recent years.
First, there is the Ascanal incident, in which an angry dragon almost wiped out the capital. A case known as the Red Lion and my father solved it with the army.
But what kind of creature is a dragon? Isn’t it the monster that is located at the top of the monsters?
Such a monster attacked the capital out of nowhere, so from the Empire’s point of view, it was not at the level of lightning in the dry sky, but rather close to being punished.
Countless buildings are swept away with one breath, and even removing the dragon’s corpse consumes a tremendous amount of national power.
The same goes for subsequent processing. Thinking that this could happen again, the upper echelons of the Empire put more money into defense of the capital.
In simple terms, it can be said that the incident corresponds to the 9/11 terrorist level. Still, monsters were a real threat, but they came as a bigger threat.
[The fact that investors once withdrew due to the battle for imperial power must have had an effect.]
[Fortunately, the quarrels ceased when Emperor Berith ascended to the throne, but it takes a long time for the strife to subside once it has occurred.]
The second is the battle for power. The Teres Kingdom has a ‘People’s Council’ and is politically stable, but the Minerva Empire is not.
A situation where most of the power is concentrated only on the emperor. Once it’s stable, it’s great, but the fact that a quarrel has arisen is itself a stumbling block.
If the Minerva Empire had a commoner’s council, there wouldn’t have been a big stir. It must have been that it was not.
[The counterfeit currency spread by the demon worshipers cannot be fully recovered…]
[The price of agricultural products is gradually rising due to the famine in the east…]
[The raw materials for the processed products that the Dwarves solved are accumulating.]
In addition, as various incidents and accidents occurred one after another, the voice of ‘f*ck it’ came out from the Minerva Empire’s point of view.
Separating each one is enough to solve the problem, but when the revolution broke out in Machina, a chain reaction occurred.
It’s the worst, but it’s even worse. The point is that these are all events that only occurred in the ‘Minerva Empire’.
[The public square of the Duchy of Velois. Guards cleaning up the bodies of investors and top-tier stocks who have committed themselves today.]
[The Kingdom of Teres. Due to the military supplies not received from the Minerva Empire and Machina, it is becoming difficult to solve the monsters. Human casualties are severe.]
[Animers. The introduction of democracy should be suspended for the time being due to a sudden rise in prices. Food is a priority.]
[Albenheim. Increase land to solve the global food shortage. However, there are concerns that the value of the currency will fall […]
[Savior Kingdom. Absolute shortage of medicines. There is not enough supply line for the Gray Desert Expedition.]
As the Minerva Empire, which can be said to be the center of the world and economic power, gradually collapsed, a huge tsunami began to hit the world.
Rather than empty words, it is a situation similar to the global economic collapse due to the Great Depression that originated in the United States.
Perhaps people will be puzzled. No, the economic structure is dense, but even so, this is not the case.
The Great Depression in the United States also piled up and accumulated stuff exploded. Are you saying that it’s only been a few days since the revolution broke out?
Clearly, the aftermath itself is comparable to that of the Great Depression, but if you look closely, it is different.
The Great Depression in the United States was caused by supply exceeding demand too much, but this time, the Panic from the Minerva Empire was the opposite.
In addition, the difference between ‘races’ and the structure of ‘fantasy’ resulted in a deformed economic structure, causing an unexpected national crisis.
[Machina was stable for 300 years after the Tribal War. However, the revolution that occurred this time destroyed all its stability.]
[The value of the dwarf factories is more than we thought.]
Usually, if ‘technical’ is strong, ‘military’ is also strong. On the other hand, although the Minerva Empire has strong economic and military power, its technological prowess is far inferior to that of the Dwarves.
You don’t need to have good technical skills, because you have magic and mana, so you don’t really need it. If it’s a fantasy, it’s a fantasy-like deformed structure.
Then, shouldn’t the Minerva Empire take over Machina and supply technology? you could ask
In conclusion, I gave up because of racial differences. Dwarves are a human race widely known as a race of artisans.
Even if the dwarves give in and teach them techniques, what are the humans doing? are you eating? It is highly probable that a sketch will be made.
The same is true of the magical ‘mechanization’ that only Dwarves were able to do. Among Dwarves, only ‘talented’ can do this, but do humans learn this?
It will only eat up useless time and budget. Moreover, Dwarves were able to ‘mass production’, so it was a very attractive option for the Minerva Empire.
To understand a little bit, Machina is a combination of a Chinese factory and German technology. It pours out in a huge amount, but the quality is the best, right?
Aren’t you going to buy this? You really don’t live? If you don’t buy it, buy it elsewhere, so take care of it.
Machina had been a gangster with such an attitude for 300 years after the Tribal War, and the Minerva Empire accepted it with a kick.
Of course, only ‘diplomacy’ did not greatly stimulate the Minerva Empire. It’s like planting only a ‘justice’ the moment you stimulate it, is there any way to do it?
If the supply was cut off as it is now, the Minerva Empire would have declared war out of anger.
Even in the fields of simple raw materials, such as logs and quarries, the Minerva Empire stands a few steps above the Machina. It is natural because there is a population tooth.
[Should we have taken Machina while in a crowd?]
[Yes, I would have cried for independence.]
[It’s only about to explode someday.]
A deformed economic structure caused by the unique fantasy worldview and differences between races. And the events that shook the economic structure.
Machina’s biggest customer, the Minerva Empire, developed its economy to use its trade funds more efficiently, and Machina only squeezed dwarf factories as usual.
Someone has said this in a previous life. If China collapses, the Korean economy will be destroyed.
Here, it is convenient to see that Korea is as large as the United States. The United States was suffering from a supply shortage, and the prices of all goods had risen sharply.
When I say this, I can’t imagine the aftermath. Although the structure is different, the aftermath can be said to be the level of the Great Depression.
[The revolution broke out in Machina, so why did the prices of general items, not just dwarves, rise?]
[Something that was 30 silver a few days ago is now 50 silver. The price of the dwarf system has risen tenfold.]
[The number of unemployed people is gradually increasing due to increased interest rates. Among the unemployed, high-level personnel are also included […]
With the revolution of Machina, the world began to panic. Known as a commercial nation, the Duchy of Velois cleans up the bodies of investors daily, and the Animers run out of food.
Albenheim is also sucking blood to solve the food shortage somehow, but it is almost impossible to do it alone.
The country that suffered the least damage was Helium. Ironically, they have not suffered any damage since they have been isolated forcibly until now.
Taking this opportunity as an opportunity, they are reaching out to help somehow, but they have no choice. ‘Supply’ is an absolute shortage, and it cannot be helped.
Last but not least, the Minerva Empire suffered the most…
“Quickly, please solve it quickly… you irresponsible bastard…”
“Come on. Come on. Don’t cry. First of all, calm down…”
“You look so real?! Our empire has never been this broken?!”
As if looking at Lina crying, it doesn’t make sense. Stocks plummeted, investment funds evaporated, prices and interest rates skyrocketed relentlessly, supply unsolved.
Is this the Great Depression or what?
Even the counterfeit money that the demon worshipers had scattered was not returned. It was a time when the value of the currency was falling, but did it rise to the price level?
Not one in the back of the head, but two hits. How sick would it be to make Lina, who was usually arrogant, clinging to her tears?
Moreover, it seems that my mental state has completely collapsed when I see them swearing at me as a child.
“New Deal! I saw it in a book! What would happen with that New Deal policy?! It seems that the United States is also recovering from that policy?”
Lina, who had been slammed on the desk and lost her mind, opened her eyes and asked if she had thought of a plan.
The bright blonde hair like the sun is the same, but dark circles have appeared because of the accumulated stress and not being able to sleep.
Seeing that face, I felt sorry for a while, but I laughed bitterly when I heard the New Deal policy she mentioned.
Recognizing the meaning of my bitter smile, Lina also had a look full of despair instead of a bright smile.
“Why…? Why not?”
“Because the Great Depression in the United States was about demand, not supply. On the contrary, it was about supply.”
“Has your world never been through something like this?”
“It was the same as it is now until I came over here.”
A global shortage of goods caused by Russia’s invasion of Ukraine. To make matters worse, the aftermath of the corona virus that originated in Wuhan, China was scattered.
The United States also tried to stabilize the global economy by sprinkling dollars somehow, but Russia coolly slapped the back of the head.
Interest rates were raised daily to recover the dollars that had been sprinkled on one more drink. Korea was also hit hard by the aftermath.
“Usually, when inflation rises, interest rates should be lowered. But now, they are raising interest rates on the contrary. It’s simply saying that you shouldn’t buy things.”
“I know that. But you can’t buy things. Starting with the border issue, there is a real threat of a monster right now.”
“That’s a bit of a problem.”
I explained it a long time ago, but the unique worldview of fantasy catches my ankles again. Stagflation is happening all over the world right now.
In a nutshell, the state shouts, ‘Don’t buy anything!’ to the people, ‘Look at us and follow the monsters?’ same as that
You can’t not buy things, and you don’t have money to buy them. It is truly a dilemma.
“The solution is simple. When the supply is solved, it’s over. In order for the supply to be solved, the revolution must end in Machina…”
“You mean you have to build your own supply chain?”
“That’s right. Maybe the New Deal policy will work. Because the state directly moves the economy is similar.”
“Oh oh······!”
Was it reassuring to know that there was hope? Lina’s eyes twinkled again, raising expectations.
“Of course, the New Deal policy never completely solved it. As I said before, the Great Depression in the United States was an absolute lack of demand, not supply. There were limits to domestic policies.”
“Then what ended the Great Depression?”
“War.”
“This sh*t…”
In response to the simple and clear answer of war, Lina crumpled her pretty face and almost spit out cursing.
Would war be waged at a time when supply is absolutely scarce like now? The war that even solved the Great Depression with ‘Never Dry Demand’?
I’m sorry to say this to Lina, but Emperor Berith’s head will fly faster than winning a war.
“In other words, it will be difficult to get out of the panic right now. Except for one thing, the Machina revolution ends early. Even if we try to solve the supply chain right away, it will be difficult because there is not enough supply for it.”
“You’ll have to deal with the long and short things to know. Now that you’re done, let me know that it’s a New Deal policy.”
“It must be difficult…”
“It’s okay, give it to me. Before I pull out the beak.”
You treat me like some kind of golden goblin, no, a penguin. Still, I’ve committed a crime, so I should tell you.
As I said earlier, the New Deal is an economic project led by the state. I don’t know if it will fit in a situation where the supply chain is absolutely insufficient, but maybe we can just change the direction.
I don’t know anything about economics, and the economic structure of this world is deformed. There are people who know the economy better than me, so I’m sure they’ll do well.
So, I informed you about the New Deal. The New Deal is a term that emerged as various constitutional amendments were passed.
So, it only briefly explains the concepts and principles, but does not tell you what is contained in them. This was knowledge I had not yet received from Mora.
“It’s going to happen. Instead, as I said before, the Machina revolution must end first. Keep this in mind.”
“Okay. But you said war was the solution to the Great Depression? Why did the United States go to war? I’m curious about this.”
“Are you going to start a real war?”
“It’s Hansako’s specification for my neck to fly off. Instead, the situation itself is similar, so it wouldn’t hurt to know.
Lina opened her eyes sharply and looked at me. It is an unspoken threat to inform you immediately if your conscience is not behind.
I am also not a person who sells my conscience to avoid spoilers. Instead, I forgot to tell others not to spoiler.
“Why did the United States enter the war?”
Let me tell you about all the before and after so that you can understand roughly.
“Hey, why are you telling me that now?! Are you really a nerd?!”
“No. It’s different from now.”
“Even if it’s different, the situation is the same! What’s the law against a guy like Hitler from appearing in this world?! Are you really a demon from another world?! You’re still trying to bring the world to the end!”
With a contemplative face, Lina called me a devil. Adelia, who was watching from the side, also had an expression that said, “This is a little…”.
“I have to deal with the supply of paper right now. You shut up and just write. Okay?”
“Isn’t that too much?”
“Shut up before you catch him in the Imperial Palace and let him write. Luminus-sama will understand this as well.”
“·······”
I just scratched my head.
And days have passed since the outbreak of a situation comparable to the Great Depression…
[The wave of independence growing stronger in Stavirk.]
[They are resisting to break free from the hands of the Minerva Empire, emphasizing that they are an independent people.]
They began to cry for independence in the Stavirk region. Fortunately, no one who wanted to become Hitler appeared.
‘I’ll explain about national self-determination in a little while, do I have to tell Rina too?’
The problem is that there’s another bomb left.