The King

   "Waste, they are all a bunch of waste!"

   "If you can't even control your own people, they deserve to be unlucky!

  It seems that I overestimated them, the guys from the Northland are nothing but military strength!

  The Holy See is also a bunch of waste, and it is useless to give them a chance. Get ready to go to ambush, and they are all beaten to shame. I really don't know what they are doing for food!

  After suffering such a big loss, those idiots were able to hold back their troops and didn't even have the courage to fight back. How dare they claim to be the number one force in the mainland?

  …”

   For a moment, Earl Pierce's curse resounded throughout the hall. The servants were so frightened that they rushed out of the way, fearing that they would be silenced if they heard something they shouldn't know.

   "Lord Earl calm down, things are not that bad. Although the migration plan of the enemy was not destroyed, it also established a big enemy for them.

  The gang of northern nobles did not make a move, but the people of the Holy See really did.

  The two sides have each other's blood glued on each other, I don't believe that they can live in peace. Next, we just need to find an opportunity to expose the identity of the attacker and guide Earl Hudson to take revenge.

   Anyway, it’s not a good product. If the Koslow family and the Holy See fight, no matter who wins, it’s a good thing for the family! "

   Schaefer patiently persuaded.

   "How can it be so simple, the day of the attack was the private army of the Koslow family, and it was the first to launch the attack.

  Whether it was the people of the Holy See who accidentally exposed their traces during the ambush, or whether the Koslow family discovered the problem in advance, no one can tell if they made preparations in advance.

   Maybe Hudson now knows that the Holy See did it, but because of his lack of strength, he didn't dare to openly turn against the Holy See.

  If this is the case, the role we played in it is estimated to be exposed at this moment.

  Hudson does not act now, does not mean that he will never act. Just wait and see, he will definitely take revenge in the future! "

   Earl Pierce said full of fear.

   Being targeted by an enemy with unlimited potential is not a good choice. But we are neighbors, and we can't avoid it even if we want to.

  …

  In the Mountain Territory, Hudson, who was immersed in the joy of being a father, soon received bad news. There was a problem with the pillar industry of the territory.

   During the war, the production capacity was frantically expanded, and now it is finally time to suffer the backlash. Even if Hudson ordered production cuts in advance, the steel industry in the Mountain Territory still suffered a lot.

   "Earl, this is the fiscal revenue and expenditure report of the territory last month. Without considering the immigration expenditure, our fiscal deficit increased by 15,000 gold coins compared to October, and the total monthly fiscal deficit exceeded the 40,000 mark.

   Among them, the food industry, animal husbandry industry, and service industry, driven by the World of Warcraft breeding base, have all achieved considerable growth.

  The fiscal deficit increased rapidly, mainly due to the impact on the steel industry. The investment of major powers on the prairie is lower than expected, and the demand for iron products has dropped significantly.

  Affected by the shrinking market, a number of chambers of commerce announced the termination of order delivery last month, and all domestic iron product manufacturers have been impacted.

  Under your deployment, we chose to preemptively ship to the market and stop the loss in time, but the market collapsed faster than expected.

  Compared to October, the price of iron products has generally dropped by more than 40%, and there are signs of continued decline.

   Judging from the current price situation, most iron product manufacturers are approaching the cost line, and manufacturers without mines have even begun to lose money.

  Although our steel production cost is slightly lower than that of other peers, at the current price, we can only maintain a small profit.

  The profits of the iron and steel industry collapsed, covering up the profit growth of other industries, leading to a sharp expansion of the fiscal deficit of the territory.

  This effect will last for a long time.

  Theoretically speaking, it will take two years at the earliest before the income growth brought by other industries in the territory can make up for the impact of the lack of profits in the steel industry.

  The actual situation may be even worse. The economic growth brought about by the Warcraft breeding base will gradually level off after the peak period.

  If the iron and steel industry does not recover for a long time, the territory will have to wait until the land reclamation project achieves a major breakthrough to achieve food self-sufficiency if it wants to achieve a balance of payments. "

  After listening to Jacob's report, Hudson immediately fell silent. The industrial structure of the mountainous territory is partial, and it is not a matter of a day or two.

  The collapse of the profiteering steel industry directly pushed up the fiscal deficit of the territory, but this was only the beginning.

  Although the original infrastructure was successfully received in this territorial replacement, it is inevitable to continue to invest after the big immigration.

   Among other things, tinkering must be indispensable. Some unreasonable water conservancy projects and roads now have to be re-planned.

  In short, these projects have costs. Even if labor costs nothing, people still have to eat!

  What's more, Hudson is not a person who can stay idle. He starts a new project every now and then, and all of these need to spend money.

   "Don't worry, the situation is not that bad. Except for the steel industry, the territory is still developing in a good way in general.

  The current huge food shortage is largely due to the emergence of the Warcraft breeding base, which has sharply increased the demand for meat and stimulated the development of animal husbandry.

  After deducting the impact of this part, in fact, our food gap has been continuously decreasing.

  Theoretically speaking, after the completion of the immigration plan, we can basically meet more than 80% of our own food needs.

   It's just that the development of animal husbandry has occupied a lot of agricultural land and consumed a lot of food, which makes the food crisis seem serious.

  The trouble of the fiscal deficit is even less of a problem. The downturn in the steel industry cannot last for a long time. After all, this is a monopoly industry. When the inventory is almost exhausted, the market will recover.

   What's more, we still have the canal project to look forward to. Once this project is implemented next year, the traffic in the territory will be greatly improved.

  Even if ocean trade is not considered for a short period of time, we can catch some fish in the past to make up for the lack of meat in the territory, right?

  Worst of all, we can also organize people to produce salt in the past. Even if we don't take it out for sale, we can save tens of thousands of gold coins every year just for our own use.

  As long as the economy continues to develop at such a high speed, the fiscal deficit of the territory will soon be wiped out. "

   Hudson said optimistically.

  Under the traditional feudal economic model, the economic development model of fiscal deficit is not popular. Without a mature financial market for financing, Hudson would not dare to be so radical if he had money in his pocket.

  Generally speaking, if a major power has a huge financial deficit, either the military expenditure increases too fast during the war; or it is the end of the dynasty.

   The unknown is always scary. Facing the territory's rising fiscal deficit, the management inevitably fell into panic. At this time, Hudson had to come out to appease people.

  In short, the reality is cruel, but the future is bright. The big pie must be painted, otherwise everyone will worry about the deficit every day, how can they work with peace of mind?

   It’s all limited by the times, leaving Hudson with a lot of ideas, but there is no way to realize them.

  Up to now, the core industry developed by the mountainous territory still stays in the traditional feudal economy.

  In addition to agriculture and animal husbandry, the economy is mainly dependent on the steel industry. In a short period of time, this pillar was difficult to play a role, and he had to extend his tentacles to another pillar industry of the feudal economy-salt.

  There are no salt mines in the mountainous territory. If it weren't for being adjacent to the sea, Hudson would have no chance to reach out to the salt industry.

  Unfortunately, the monopoly structure of the salt industry has already taken shape, and it is also difficult for latecomers to join in.

  Even if it is forced insertion, all you can do is business with acquaintances, and the market size is limited, which is doomed to make it difficult to make huge profits.

  In order to reduce unnecessary troubles, Hudson refrained from reaching out before his own power extended to the sea.

   "Count, with reference to the situation in Port Hansen, the opening of the canal will indeed benefit the economic development of the territory.

  As long as our commercial prosperity can reach half of theirs, it will be able to create huge economic benefits.

   But the problem is the prosperity of Hansen Port, not only the port problem, but also the Dalton family factor.

   Nearly one-fifth of the ships entering and leaving the port each year are merchant ships of the Dalton family. It can be said that the local economy was driven by the Dalton family.

  If we want to follow suit, we must build our own fleet, which is another huge expense.

   What's more, there is a shortage of excellent navigators everywhere. In a short period of time, it is difficult to gather enough talents in the territory.

  I suggest developing the salt industry first, and then gradually intervene in ocean trade to build our naval fleet after we have accumulated enough funds. "

   Rudolph hastily persuaded.

   It can be seen from the frightened expression that he is really afraid that Hudson will propose in the next moment: to build a naval fleet.

  As the financial officer of the territory, what Rudolph was most afraid of was Hudson's unrestrained thoughts that day.

  It seems that the mountainous area is thriving, but it is all made of money. In the Warcraft breeding base, many female beasts have already entered the pregnancy state.

   Different monsters have different pregnancy cycles, and the fastest cubs will be born in the first half of next year. After the cubs are distributed according to the agreement, the mountain leader will add another group of big money swallowers.

  Warcraft are not as easy to feed as livestock. People want to eat meat. Rudolph didn't feel bad about the little meat. The key is that if you want to shorten the growth cycle of monsters, you must use a lot of magic potions.

  This kind of heroic "krypton gold" training method is destined to be impossible to be cheap. It can be said that the "Warcraft Legion" has been burned out with money since its birth.

   "Don't worry, Sir Rudolph. The naval fleet is a matter of the future. In a short time, our military development will focus on the Warcraft Legion.

  Especially the Air Force, it is the top priority of the next development.

  Including the threat of piracy that may be induced after the port is opened, we can let the Air Force handle it.

  When necessary, you can also develop the army of monsters in the sea and use it as an auxiliary force.

   In this regard, we have natural advantages, and there is no need to follow in the footsteps of others! "

   Hudson said pretending to be disdainful.

  Ocean battle is not something that a small lord like him is qualified to play. Even if the mountains lead the whole people to sail, they cannot support a strong army at sea.

   If you are not qualified to fight for hegemony, then change your strategy and focus on defense.

   Just to deal with pirates, a powerful air force can handle most emergencies.

   If it is not enough, then raise a few monsters in the sea to guard the house. The main reason is that humans cannot survive in the sea, otherwise the power of a sea monster army would be no less deterrent than those fleets.

   It seems that in the whole continent, no country has been seen to develop the army of monsters in the sea. The female beasts sent over from various countries are all flying in the sky and running on the ground, but there are no ones that swim in the water.

  Things that everyone is unwilling to do may not necessarily be right, but the risks and benefits involved are most likely not directly proportional.

  In an instant, Hudson secretly rejected his unreliable idea. Following the mainstream, it is difficult to obtain excess returns, but at least you can avoid stepping on the pit.

  When everyone steps into the same "pit", that "pit" is no longer a "pit", but a process that must be experienced in life.

  …

   Facts have proved that Hudson is really too optimistic. After the price of steel products fell in November, the previous sharp drop continued in December.

  Last month, in order to rush to sell and smash the market, the mountain leader collapsed the iron products market in the kingdom, and the crisis has further expanded this month.

  The problem now is no longer the price of iron products, but the lack of enough buyers in the market.

  Iron products are not fast-moving commodities. Whether it is farm tools or pots and pans, it will be used for many years.

  The sudden breach of contract on a huge order has lost almost the entire prairie market. How can that little liquidated damages be able to make up for it?

  After overcapacity and the saturation of the domestic market, there will be no market in a short period of time.

  A large number of products are backlogged together, and people have to be arranged for daily maintenance. The longer it takes, the higher the cost.

   Realizing that something is wrong, more and more people follow suit and sell, but there are very few buyers.

   The panic was brewing until December, and finally ushered in a big outbreak. The pessimistic giants are desperate to sell in the market.

  Not only was its own market affected, but it also brought this sentiment to adjacent areas.

  Naturally, the southeast province cannot be alone. Under the impact of a large number of foreign cheap iron products, the shipment of iron products in the mountain territory was cut in half and then cut in half.

  The steel industry of the entire Alpha Kingdom has entered the doomsday winter. The biting cold wind was blowing, and even Hudson felt the chill at home.

  No surprises, small and medium processors were the first to fall; followed by small and medium mine owners.

  As for the industry giants, everyone is gritting their teeth to support them, just waiting for their peers to fall first.