The International Trade System, Paper Currency, and Credit

This is not good news for the underprivileged, especially without a utopia to support them.

But you know, we only learn to cherish things after we lose them.

The more ruthlessly capitalists oppress people now, the more they will revere them in the Columbia.

People tend to forget past mistakes, Huang Cao's bank hadn't done anything wrong, nor had it forced anyone to join them.

Dissolving the insurance business was also part of the plan, since the original approach wasn't working.

"Terra United Nations Assembly, I recall that apart from the very first one, it seems that the subsequent assemblies didn't make any substantial progress."

Kal'tsit held onto Master Huang's neck, her warm breath brushing against his cheek, making him feel hot.

Feline is indeed made of water.

"Kal'tsit, how long have you been abstaining from sex?"

"If we start counting from the last time, it's been about half a month."

Kal'tsit kept pressing her body against Master Huang, but she just wasn't going to have sex.

Aside from practicing yoga and writing papers, Kal'tsit spends almost every moment with Huang Cao.

It's like a cat clinging to a delicious fish, reluctant to eat it, afraid that biting into it will ruin the flavor.

"It must be painful."

Huang Cao believed that with Kal'tsit's self-control, she shouldn't have ended up like this; the biggest reason was that she had gotten too close to him.

He completely understands that feeling.

More than a hundred years ago, when he was still a virgin and before they had established a relationship, Huang Cao also stared at Warfarin with this kind of look.

Even if Warfarin is portrayed as an abstract character in the story, she would still be a stunning beauty in real life.

Huang Cao used money and research equipment to lure the little vampire into wearing all sorts of clothes, partly to satisfy his own visual cravings.

He was very principled back then, and he still is now; he would never force anyone to do something against their will.

Although Huang Cao later found out that Warfarin had also been interested in her, they were both naive at the time and neither dared to make a move, so they remained stuck for many years.

So when they finally got to know each other, Huang Cao made sure that Warfarin's toes didn't touch the ground for three whole days.

The age when she wanted it most met the age when she could give it her all, which is why the old cat who was watching the show back then called her "easily ignited."

That's Kal'tsit's current situation; she certainly ate a lot in the past and never mistreated herself.

But just because you ate a lot of it in the past doesn't mean you don't want to eat it now.

"Or maybe we could indulge in something 'good' once in a while."

At this moment, Huang Cao is like a devil tempting people to fall. Although Kal'tsit has already fallen, it does not prevent him from playing this role.

"I won't admit defeat. Actually, there are many things to do during the day, but I just enjoy being by your side, Master Huang."

"This is a trial, and I'm not much worse than them!"

Women's strange competitive spirit is something even cats that are tens of thousands of years old cannot escape.

Kal'tsit's expression was unusually serious. "So, Master Huang, please be patient. Or you can go back and find them. My patience doesn't mean you have to be patient too."

Indeed, Huang Cao was also drawn into this war at this time, and had not been suppressed for a long time.

In this situation Master Huang was happy to have some peace and quiet.

More than a hundred years have passed, and the family has grown in number.

Huang Cao's daily life is full of various exciting moments, except when she is away on business trips or when Młynar comes home from school.

In the afternoon, Huang Cao sent the message about cooperating with the currency plan to Theresia was far away in Kazdel.

Meanwhile, the Demon King was defending the border against the invasion of a former Elector of Leithanian, a war that had been started by the Elector's madness and was already coming to an end.

But compared to this...

On their way home with their troops, in the border region between Leithanian and Kazdel, Theresia and Teresis unexpectedly discovered two Sarkaz children who were not registered in the Utopia system.

Ascalon, and Manfred.

After hearing the news from his wife, Huang Cao decided to follow the original story and transfer Ascalon to her side. It wouldn't be bad for her to be a Demon King's bodyguard.

"It seems that, barring any unforeseen circumstances, these two should not have been born in Kazdel, or perhaps the information itself is incorrect; otherwise, they wouldn't have appeared in the border region between the two countries," Huang Cao thought to himself.

Manfred was taken away by Teresis, who immediately devised a series of physical fitness plans.

You two are so skinny, you need to eat more to become strong warriors!

That's what Teacher T said at the time, his eyes filled with anger.

Kazdel has completely escaped its past poverty and has fully achieved its goal of having enough to eat and wear, so the two Sarkaz children could only have come from outside to the border area between the two countries.

For Big T Small T, it is intolerable that there are still children in their own countries who cannot get enough to eat and wear...

In the evening, after Ascalon had taken a bath and enjoyed a delicious meal, she sat on the soft sofa, and Theresia made a video call to Huang Cao.

Theresia: "Ascalon, come say hello to your Brother Huang?"

Manfred wanted to become a real Man, so he went with Teresis.

Ascalon didn't say anything at the time, but just stared intently at Theresia, whose eyes were gentle. So, it was only natural that Ascalon was led away by Theresa.

This can be considered a butterfly effect brought about by Master Huang.

Looking at the slightly shy purple-haired little girl on the other side of the screen, Huang Cao greeted her very familiarly.

Poor Xiaoman, even after training her body to be as big as a double-door refrigerator, she still couldn't beat the arrogant dragon.

The differences in physical attributes in the Terra are truly amazing; muscles really don't represent everything.

Chapter 443: The International Trade System, Paper Money and Credit

"Compared to previous Terra United Nations Assembly, there seem to be a few new faces at this meeting."

Huang Cao remained seated at the head of the meeting and maintained control of the entire meeting with an almost overwhelming advantage.

As the ruler of Utopia, Huang Cao very much wants to live in harmony with all countries, which can be considered as fulfilling Theresia's ideal.

Unfortunately, given its size, Utopia is unlikely to coexist peacefully with other countries.

A certain Western alliance was established on the premise that none of the countries in this region were particularly large, and none of them could truly become the Dragon Head power.

However, in a certain eastern region, there truly exists a country that can suppress all the petty villains.

The sheer size of Utopia is self-evident; it's an insurmountable mountain.

Theresia continued to push the meeting forward as usual, and her movements were much more practiced than when she first convened the meeting.

"Today's meeting has only one agenda: to establish an international economic system based on Utopia's currency. From now on, international trade can only be settled using Utopia's currency, and Utopia's currency will become the most important certificate for purchasing all goods."

Upon hearing this, the expressions on the faces of the representatives from various countries were quite interesting.

The most difficult to destroy is the black snake clone. "Mr. Huang, isn't this a bit inappropriate?"

If you establish this system, won't all the countries around us have to exchange real gold for your paper currency?

The diplomats sent by various countries to the conference were all capable individuals, and they quickly grasped the advantages and disadvantages involved.

"Representative Ursus, I am aware of that, but the most important reason why currency can circulate is not only its intrinsic value, but also the credit it represents."

Huang Cao pulled out a coin from Utopia's inner workings from his pocket. "This Utopia Ideal Currency, with a face value of one hundred, is almost equivalent to one gram of gold."

"Although I know you may have some doubts, I believe that the historical significance of issuing a universal currency is good. In the future, you will no longer have to worry about using all sorts of strange things to settle international bulk trade, nor will you need to carry large amounts of gold and silver for dangerous commercial trade."

The main reason why trade between countries is not very frequent at present is the inconvenience of settlement.

After all, during a transaction, no one knows whether the other party's offer is worth that price, and no third-party institution is willing to endorse the transaction.

But now Utopia has become this institution, using its enormous funds and scale to write credit for this paper currency. As long as countries recognize this credit, this piece of paper can become the source of all transactions.

So what does this piece of paper represent, and what is this so-called credit?

"Starting today, all foreign trade transactions of the Utopia Originium Export Energy Association, the Utopia International Grain Trade Association, and the Utopia Medical Device and Pharmaceutical Trade Association will be paid for in Ideal Coin."

"At the same time, the internal and external trade of many countries such as Victoria, the southern region of Sargon, Kazdel, and Iberia will be converted into Ideal Coin. Not only will high-purity Originium be used as a commodity, but all exports of food and by-products under Utopia will also be settled in Ideal Coin."

"This is a mandatory agreement. If any of you here do not wish to settle transactions in Ideal Coin, you will be unable to participate in any future international economic incentives, including humanitarian aid and other matters, as stipulated by Utopia. Utopia will refuse to engage in commercial trade with countries that do not sign this agreement."

Huang Cao made it very clear: you can choose not to use it, but you must bear the consequences of not using it.

As the economy develops and connections between countries become closer, trade protectionism will completely disintegrate.

If we want to ride the wave of this era, we must accept the trade agreements set forth by Utopia; otherwise, future trade will be subject to many constraints, such as financial and technological limitations.

They could even face economic sanctions, leading to the artificial blockade of trade channels.

"Utopia will not participate in commodity pricing, but the prices of gold, Originium, and food will be deeply tied to the value of Ideal Coin, and I will be responsible for maintaining their price stability."

The black snake clone curled its lip, thinking to itself: What do you mean by "you can maintain price stability"? In reality, isn't it just that you set the prices? That sounds nice, but it's all talk.

"I imagine that over the years, with my help, the leaders of various countries have received the gifts I sent. Now, make a call and inquire about your emperor or president."

Little Te placed the agreement in front of the representatives, while standing behind her husband.

The Columbia representative glanced at it briefly before signing his country's name.

Colombia's own president has already "thawed the ice" with Utopia, and the two countries are currently in a honeymoon period. Whether or not an agreement is signed is irrelevant, since Columbia is not yet powerful enough to challenge Utopia.

They've already made huge concessions; if Columbia still doesn't cooperate, they'll really be ungrateful.

Victoria, of course, signed the agreement without the slightest doubt.

Just kidding, would my dear father possibly lie to me?

The currency used in Victoria has long since changed from the official currency to Ideal Coin, and the members of the Lower House have long been prisoners of utopia.

If it weren't for international repercussions, Victoria would have long wanted to join Utopia as a province under its name, just like Kazdel is now.

You wretched demon! How dare you steal Father's love from me?!

I'll stab you to death, meow! I'll stab you to death, meow!

Of course, this is just Victorians's internal monologue; everyone is a father's child, and there's no need for them to verbally attack each other.

But I will never admit defeat when it comes to vying for favor!

Victoria and Columbia have already taken the lead in signing, while the Yan Country representative is still pondering and has made a phone call to his boss.

Using other countries' currencies in trade is almost unprecedented in Terra Calendar, so a major meeting is needed to carefully consider this issue.

The call was quickly connected, and the representative from Yan Country soon learned of the current True Dragon's thoughts.

"Mr. Huang, could you give us a month? We need to carefully consider the pros and cons," the Yan Country representative requested.

The Huang Cao fully expressed its understanding:

"I've already guessed some of True Dragon's intentions. Rest assured, I'm willing to give you a year. During this year, Yan Country can enjoy all the above benefits without signing a contract, and it doesn't have to cooperate with or acknowledge any of Utopia's actions."

"It's also my wife's request. Although they're not here now, if we don't sign it after a year, all the benefits will be gone."

The Yan Country representative was very grateful for Master Huang's understanding, but the Ursus representative next to him was not happy about it.

The black snake clone then said, "Mr. Huang, I also want to apply for the same treatment as the Yan Country!"

Huang Cao crossed her arms in front of her chest, somewhat speechless. "Don't get involved in this. You and I aren't related by blood."

None of my wives are Ursus, and even real Ursus people don't necessarily like Ursus.

Given the exploitative power of the Ursus Nobles, the Ursus people might even want their country to be buried as soon as possible.

The Columbia representative was speechless. "Is your wife's feeling more important than the honeymoon period between our two countries?"

We don't even get this kind of treatment in Columbia.

Black Serpent went outside, took out his phone, and spoke with Emperor of Ursus for about half an hour before finally deciding to sign the agreement.

Ursus has a vast territory, but not all its resources come from within the country. Seeking external commercial channels could potentially improve some aspects of its industrial system.

"Sigh..." Black Serpent looked at the contract in his hand with a bitter face, and finally signed the name of the country of Ursus.

It always had a feeling that Ursus might not gain much advantage in international trade.

In fact, Black Serpent's premonition was correct. Ursus could only export some low-end agricultural products and industrial raw materials, but imported very expensive modern industrial goods.

The price difference between low-end and high-end products can be tens or even hundreds of times, unless the domestic semi-industrialization stage can be completely revolutionized.

Ursus is a semi-industrialized country, it was decades ago, it still is today, and little has changed.