Li Yao and Li Jialing said that the real human empire has been in the center of the Star Sea for thousands of years, and the legal currency is called "Imperial Crystal Coin", because the initial currency system was linked to high-purity crystals.

From the beginning, there were a total of 500 million tons of top-quality crystals. As the backing of the Empire Crystal Coins, each dollar of the Empire Crystal Coins can be unconditionally exchanged for 0.1 grams of top-quality crystals.

"Best" crystal is not an exaggerated modification, but has strict standards. Crystals with a purity of more than 95% must be marked with the word "Best". If they are more pure than top crystals, there are only very rare crystals.

Such guarantees gave the Empire Crystal Coins extremely powerful credit and vitality, helping the Black Star Emperor Wu Yingqi to defeat the weak economic and financial system of the Old Star Sea Republic and completely collapsed.

Crystal stone is the crystallization of ultra-high purity energy. It is essential for practitioners' daily practice and battles, the people's food, clothing, housing and transportation, and even the expansion of alien stars. Therefore, it is a super hard currency that is 100 times harder than gold and silver.

Since the Empire crystal coins can be directly exchanged for the best crystals, the common people are of course happy to choose this currency. Choosing the Empire crystal coins means choosing the Empire, but they kicked the old Star Sea Republic into the gutter with soaring prices, inflation, and decay. Well, it is not the gutter, but the Stars Federation on the edge of the Star Sea.

To be honest, Wu Yingqi and his descendants, and these noble cultivators, are so evil, at least in the first five hundred years of the rise of the empire, the purchasing power of the empire's crystal coins was still quite strong.

On the one hand, the number of top-quality crystals plundered from the Star Sea increased from 500 million tons to 5 billion tons, ensuring the solemn promise that the Empire's crystal coins can be exchanged into top-quality crystals anytime and anywhere.

The money is in interest when it is stored in the bank, but it will not increase the value when it is exchanged into crystals. In the early days of the empire, the prices of various crystals were strictly controlled. If anyone dared to make trouble in the crystal market, it would be shot. In addition, it was inconvenient to trade with crystals directly, so naturally not so many people would store too many crystals, and the risk of a run was not high.

On the other hand, the new conquest of the world brought a steady stream of war dividends and an expanding market. During those five hundred years, all sects and families of the empire were in a prosperous golden years. The whole society was prosperous, and the colorful soap bubbles were blowing bigger and bigger. Even if the currency value was diluted, people's income increased significantly. Even ordinary people in the core area could share the war dividends. Life was not bad. Of course, they firmly believed in the empire and his majesty, and had strong confidence in the empire crystal coins.

However, the real human empire with flowers and burning fire just celebrated its 500th birthday, and internal and external troubles broke out at the same time.

Inside, several consecutive court internal struggles of the "Nine Dragons Fight for the Throne" caused great damage to the royal family. The four electoral emperors and princes took advantage of the situation and usurped the power of the government in the name of "four meritorious veterans jointly elected His Majesty the Emperor to maintain the stability of the royal family."

Outside, all the plump worlds have been included in the empire's territory. The war cost and management difficulty of continuing to conquer the outside world have increased significantly. In addition, the continuous war of attrition with the Holy Alliance have caused the empire to lose blood and reach the limit of expansion.

A country like the real human empire, its vitality lies in continuous invasion and conquest, and the blood and bones of the conquered persons are used to pour out the prosperity of the conquered persons.

Once the conquest stops, the soap bubbles suddenly burst.

The first economic crisis that swept across the empire broke out. Many people lost all their money overnight, and the various bonds, stocks and rights they bought turned into pieces of waste paper; more people owed debts that they would never pay back in their lifetime, and became slaves from free people.

There was the most famous case at that time. There was a high-powered immortal cultivator named Pang Qingyun, or something. He claimed that he had a way in the court and knew that the court was about to launch a "Five Million Light-Year Expedition" to conquer the vast worlds marked on more than 20 ancient star maps in one breath. Pang, who obtained the subsequent colonization and management rights of three of the vast worlds, was very clear and eye-catching.

In order to raise a large amount of development funds, he divided these colonization and management rights and sold them, and promised a very high rate of return, such as "doubling ten times in three years" and so on, tempting a large number of greedy people to devote their lives.

At the beginning, Pang Qingyun did do what he said, not only did he return high interest on time, but he also took investors to various star ports to travel around, saying that this was the Empire's expeditionary force, that was his colonial fleet. Not only did he say that he had delicious food and drink, he also made various beautiful renderings and even an immersive illusion, depicting the beautiful future of the development of the new colony, and making all the investors flicker and full of joy.

In the end, not only did a large number of people invest heavily, but even many cultivators and even sects believed in him and smashed the coffin board into the illusory colonization plan.

As a result, due to the economic crisis, the empire was in financial difficulties and insufficient military expenditure, which changed its policy of colonization. In principle, it no longer sent large-scale expeditionary forces to explore the foreign land like in the past. Instead, it developed a technology called "Star Kid", and later it used "Star Kid" to conduct small-scale and more precise exploration.

This means that the era of great pioneering of the empire has ended, perhaps forever!

Pang Qingyun's lies were self-defeating, and angry people surrounded his "development group". Only then did he realize that he was playing the trick of tearing down the east wall and repairing the west wall and borrowing new money to pay off old debts. Countless people jumped off the building because of him, and his trick was also known as "Ponzi scheme".

Pang Qingyun's scam is just a tiny little one among the millions of soap bubbles that were broken in the era of economic crisis, and more and larger Ponzi scams have devoured countless people's wealth and even lives.

The four electoral families of ulterior motives did not help the court fight against the economic crisis, but instead fueled the fire, allowing the economic crisis to intensify, greatly weakening the court's last authority and vitality, and making great contributions to the national crisis, expanding into a huge behemoth.

The result of this economic crisis was that the Empire Crystal Coin announced its decoupling from the top-quality crystal. Whether ordinary people or low-level cultivators could no longer exchange the top-quality crystals at a stable price at the bank and the crystal reserve bureau, and could only buy them at the market price.

The average price of various crystals on the market has increased by thirty times within one year. Crystals are the source of production. Crystals soared, and prices have also soared. Everything has risen, but only wages and currency value do not increase - in other words, the Empire Crystal Coin depreciated thirty times within one year after the announcement of decoupling.

All the wealth of the imperial citizens was looted by the four electoral families.

The four major families that had seized a lot of wealth took the opportunity to control the government and had the power to mint coins.

Although it is nominally called "Imperial Crystal Coin", the four banks under the names of the four major families have the right to issue, and a "interbank joint meeting" replaced the original power of the Imperial Central Bank, which is equivalent to taking away His Majesty's wallet.

The four major families colluded together for the sake of interests, and their struggles were very fierce. It is conceivable that they did not care about stabilizing the currency of the empire. Anyway, as long as the economy of their own territory could be maintained, no matter how heavy the floods outside were!

Since this year, the Empire Crystal Coins have been running wildly on the road to depreciation, and their value has been diluted to the point of being unsurpassed.

Another terrifying news gave the empire a fatal blow to the crumbling economic and monetary system. Initially, did the Imperial Central Bank and the Crystal Reserve Bureau have 5 billion tons of top-quality crystals as backing. These top-quality crystals have always been the empire's reassurance and ballast stones. But from that year, rumors have started among the people that these 5 billion tons of top-quality crystals have long been divided up by the four major families, and have been consumed by the high-level monks of the four major families, the Nascent Souls and the God Transformers in their practice!

"It was because the four major families divided up 5 billion tons of top-quality crystals and consumed them all, so that they could cultivate so many golden elixirs, Nascent Soul and Transformation God at once, and their strength suddenly expanded!"

Although the empire crystal coins have been decoupled from the top crystals, such horrifying rumors have severely smashed the last trace of confidence of those who are determined to be in the empire. It is said that it is a rumor, but it is more like a plague and a curse, completely defeating the empire's financial market, economy, and monetary system. Those who truly believe in the path of cultivation of immortals have all been disillusioned.

In the hundreds of years, the empire broke out several economic crises, and gradually became what it is today, with warlord separatist, economic chaos, and localities doing their own things. The root cause lies in people - from ordinary people to cultivators, from low-level cultivators to Nascent Soul and the old monsters of the God Transformation, they don't believe in the Empire's crystal coins at all, and they don't even believe in a copper coin!

If it weren't for this, it wouldn't have been a huge empire. It had only been on an expedition for more than ten years, and it still played triumphant songs all the way, winning one after another, but it was once again trapped in the quagmire of total collapse!

What’s even more serious is that the Empire Crystal Coins not only have precedents of unstable currency value and vicious depreciation, but also all currencies have been virtualized and paperless these days, and there is no concept of paper money ten thousand years ago. All transactions are completed through the Lingwang. No matter how much wealth is, it is just a series of zeros in the account.

The imperial authorities were not as shameless as tampering with the numbers in their citizens' accounts. The problem is that all transactions on Lingwang will leave traces, and everyone's production and consumption information is controlled by the authorities - this authorities are sometimes local warlords, sometimes four families of elected emperors, and sometimes the so-called Emperor Majesty.
Chapter completed!