The Fourth Financial Crisis

As the twenty-fourth generation leader of the Wuliang Sword Sect, Ma Tianyi was the leader of the Zhongzhou cultivation world during the third Lingshi financial crisis. He worked with President Lu Yang to create the Lingshi Reserve Bank.

In addition to being the head of the Wuliang Sword Sect and the first ascended immortal in modern times, Ma Tianyi is also the master of Xiao Huang, the third ascended immortal, a contemporary of Lin Jianxing, the current head of the Wuliang Sword Sect, and senior Bo Nanke, the founder of the Kyushu Monetary Alliance. The second direct disciple.

Because Ma Tianyi happened to step into Xianmen when the second Lingshi financial crisis broke out, and he soared just when the third Lingshi financial crisis reached its climax, he successively witnessed both the Kyushu Monetary Union and the Lingshi Reserve Bank. The rise and fall of the ancient cultivation currency system is also considered to be an important historical figure connecting the past and the future in the Kyushu cultivation world.

Even Governor Lu Yang has publicly stated more than once that without the full support of Leader Ma, the Lingshi Reserve Bank would not have been established. If President Lu Yang rewrote the financial history of the Kyushu cultivation world, then Ma Tianyi laid the foundation for it. The political structure of the Kyushu cultivation world, during the period when he was the leader, the power of the Wuliang Sword Sect reached the strongest level in history.

Although the outlying islands are isolated from the outside world by the Jiuzhuan Tianshu Formation, this does not mean that the information on the outlying islands is blocked.

Since the outlying island is located in the center of the Eastern Ocean trade route, ocean-going merchant ships often dock at the port, and Xu Tong's information is even better informed than that of some reclusive sects and reclusive families hidden in the mountains and forests in the center of the mainland.

The story of the ascended Immortal Ma Tianyi is not only a well-known legend in the Kyushu cultivation world, but even Xu Tong, who lives far away on an outlying island, has heard it since he was a child, and his ears are almost calloused.

How could Yang Lu and Xu Tong not be shocked when they suddenly heard that Lin Dong was studying under Ma Tianyi's lineage?

Xu Tong immediately raised his hands to Lin Dong and said: "It turns out that Master Lin is actually the descendant of Master Ma Tianyi! It is said that before Master Ma ascended to the throne, he had accepted three disciples, namely the ascended immortal Xiao Huang and his Taoist companion. , and the current Supreme Elder of your sect, Senior Cheng Shuying, I wonder which senior master Lin Xianshi is the disciple of?"

Xu Tong originally planned to take the opportunity to compliment Lin Dong, but unexpectedly, the smile on Lin Dong's face froze instantly. Because Xu Tong's unintentional question hit Lin Dong right where it hurts!

But since Xu Tong had already asked such a straightforward question, it was not appropriate for Lin Dong not to say a word, so he could only reply with twitching corners of his mouth: "I did not learn from any of them. My direct ancestor is the leader of Ma." Registered disciple...Senior Mingzhu!"

Senior Mingzhu?

Hearing this answer, everyone looked strange.

In the world of Jiuzhou cultivation, being a registered disciple does not mean having a humble status. The reason why cultivators accept named disciples is mostly due to various reasons. They cannot accept the other party as a direct disciple, so they have to adopt this compromise method and teach the other party some cultivation knowledge that does not involve the core secrets of the sect.

Tian Daxiao and Li Qingyang are typical cases.

Neither of them were disciples of the Wuliang Sword Sect, and Tian Daxiao was even from the Shenhuo Sect, which had a long-standing rift with the Wuliang Sword Sect.

According to the rules of the Wuliang Sword Sect, no matter how high his status was, Mr. Lu, who was born in the Wuliang Sword Sect, could not accept them as direct disciples. He could only accept them as registered disciples and teach them the knowledge of cultivation economics.

Although the two of them are not the direct disciples of Governor Lu, and both of them are now important figures standing at the top of the Kyushu power, they still regard themselves as the registered disciples of Governor Lu, and are proud of their status as registered disciples.

But the situation of Lin Dong's ancestor Mingzhu was different.

Although Mingzhu is also a registered disciple of the leader of Ma Tianyi, the relationship between the two is very strange.

It is said that during the third Lingshi financial crisis, this senior Mingzhu had reached the early stage of foundation building. However, due to the sudden outbreak of the third Lingshi financial crisis, including Lingshi coupons, Lingshi vein stocks, Lingshi coins, and standard The prices of various assets, including spiritual stones, fluctuated violently, and countless cultivators went bankrupt as a result.

Mingzhu is one of the many victims of the financial crisis.

What's even more outrageous is that because this senior Mingzhu could not accept the cruel reality that his decades of savings had been destroyed, he became so angry that he went crazy and went crazy, causing his cultivation level to fall back to the level of Qi Refining Perfection.

For a time, "Big Leek Mingzhu", who was so angry that he went crazy, became a well-known figure in the world of cultivation in Kyushu, even overshadowing Li Qingyang and Tian Daxiao at the same time.

Under normal circumstances, Mingzhu, who had become the laughing stock of the cultivation world, would have been completely ruined in this life.

Fortunately, there is no unstoppable road. Due to the significant decline in his cultivation level, Mingzhu once again participated in the extraterritorial battlefield trial as a monk in the Qi Refining Stage. In this trial, which took place during the third spiritual stone financial crisis, the protagonist happened to be They are the two future ascended immortals——

Lu Yang and Xiao Huang!

Even excluding these two famous ascended immortals, the lineup for this extraterritorial battlefield trial is a star-studded one. Participants also include Li Qingyang, President of the Lingshi Reserve Bank, Tong Xingu, the Supreme Elder of Zijin Pavilion, and Shenxiao Sect. Leader Ye Wan, Shenhuo Sect Supreme Elder Lu Youde, Yufeng Sect Supreme Elder Xiao Nan and many other well-known figures in the current world of cultivation.

Precisely because he once fought side by side with the Ascended Immortal, Mingzhu, a "famous leek in the world of cultivation", miraculously turned around!

According to rumors, Mingzhu had meritorious service in protecting Lu Yang and Xiao Huang. Ma Tianyi, the leader of the Wuliang Sword Sect, couldn't bear to see him depressed, so he made an exception and accepted Mingzhu, who had already studied under him, as his named disciple to deal with it on his behalf. Some secular sundries are somewhat similar to the role He Mingyuan plays in the Qingning Chamber of Commerce.

It's a pity that Mingzhu's cultivation foundation suffered irreversible damage due to his obsession. Even with the personal guidance of the ascended immortal, he still only cultivated to the golden elixir stage in the end.

And after Ma Tianyi ascended to the throne, Mingzhu was imprisoned in the notorious Qishan Prison by the Wuliangjian Sect for violating the sect's rules.

It is precisely because this senior Mingzhu has the reputation of "having failed investments that lead to obsession and imprisonment". When everyone talks about Ma Tianyi's disciples, they always ignore this unlucky guy intentionally or unintentionally.

Lin Dong would only say that he was the descendant of Ma Tianyi, but would not say that he was the direct descendant of "Big Leek Mingzhu".

In front of everyone, Xu Tong asked him which disciple of Ma Tianyi he was the successor of. It was like hitting someone in the face first, and cursing someone before cursing their mother!

Seeing that Lin Dong's expression was about to become unbearable, Han Fulai quickly stepped forward to smooth things over and said, "Island Master Xu, don't look at Master Lin Xian's young age, but he not only has the sixth level of Qi training, but also possesses the infinite sword. Sect the supreme inheritance of the essence of the [Six Paths Sword], and want to eliminate the mere monks of the Shenhuo Sect who are in the early stage of Qi refining, it is like picking something out of a bag!"

Hearing Han Fulai's compliments, Lin Dong's face, which was originally stiff, softened slightly, and a smile appeared at the corner of his mouth.

With his strength, even among the talented Wuliang Sword Sect, he can be said to be invincible at the same level. If he can defeat the monks of the Shenhuo Sect in the early stage of Qi refining by reducing the dimension, then the Wuliang Sword Sect will be in vain and become the Seven Greatest in Kyushu. The leader of the faction.

Xu Tong, who was originally a little disappointed, became excited again after hearing Han Fulai's introduction.

When he saw Yang Lu and Lin Dong appear at the same time, he originally thought that the Wuliang Sword Sect was preparing to send two early-stage Qi Refining monks to besiege Tian Beixi, but he never expected that this Immortal Master Lin turned out to be a dignified sixth-level Qi Refining monk. !

A sixth-level Qi-refining monk is countless times more powerful than two third-level Qi-refining monks!

What's more, the Wuliang Sword Sect's sword attack technique is the strongest in the world of cultivation in Kyushu. Even though Xu Tong's family has lived on the outlying island for dozens of generations, this does not prevent him from hearing the name of Kyushu's most powerful offensive move [Six Paths of Reincarnation Sword, One Thought of Infinite Calamity].

This is a story that almost everyone in the world of cultivation knows!

It is said that during the second Lingshi financial crisis, the financial system of the Kyushu cultivation world collapsed due to deflation.

Not only do Kyushu have their own independent currency systems, but even within each continent, the currency system is in a state of fragmentation. Countless cultivators have been cut back and forth due to large fluctuations in exchange rates, and some places have even reverted directly to "barter." "In the primitive period, Kyushu trade came to a complete halt.

You must know that cultivators have a noble status. They can neither go down to the mines to mine, nor go to the deep mountains and old forests to extract elixirs, nor can they personally expend energy on hoeing the earth.

After all, cultivators not only pursue immortality, but also want to be a master. If you have to practice for a long time and still want to be a miner or a farmer, then you might as well just go home and have your children.

Therefore, cultivators who want to collect cultivation resources without delaying their own cultivation rely heavily on a complete economic system.

However, during the second Lingshi Financial Crisis, Kyushu's financial system completely collapsed. Not to mention the transcontinental ocean trade, even cross-regional trade such as Haiya City and Tianshu City encountered huge obstacles.

Since everyone does not recognize each other's currency, and the standardization of elixirs and magic weapons in the world of cultivation is very low, there is a 99% chance that I don't need the extra things you have, and there is a 99% chance that I don't have what you want. Trying to reach a deal through barter is extremely difficult.

Even if some people try to return to the most primitive Lingshi standard currency system, Lingshi is in a state of severe deflation, and the price is rising three times a day like Feitian Moutai. This makes it difficult for cultivators to obtain cultivation resources outside the region. .

If the Borneo monk happens to need the black iron from Zhongzhou, he can only drive the light and travel more than 200,000 miles to Luanshi City to pull the goods. He also has to look at what he has in his hand. Whether the owner of the black iron mine wants it or not, if he takes it If you don't get what the other party wants, it's like a wasted trip.

If cultivators all collect cultivation resources in this way, except for plug-in users like Yang Lu who can practice in their dreams, other people will have no time to meditate and practice except for traveling and collecting materials.

In addition, the tsunami-like financial crisis has also brought about a severe economic recession and population decline. A smaller population means that the total amount of merit bestowed by heaven will become increasingly scarce, and the involution of existing monks will become more intense. .

Even if the financial crisis is left unchecked, it will eventually end.

If we follow the natural laws of economic development, as the population gradually decreases, the number of cultivators will also gradually wither.

As the population of cultivators decreases sharply, the per capita cultivation resources will become more abundant. The long-term deflation trend of spiritual stones will eventually end, and the Kyushu cultivation world will be able to return to the spirit stone standard currency era until the next spiritual stone financial crisis. When a crisis comes, the spirit stone standard currency system will be destroyed again. This process is like the replacement of dynasties in ancient China, which requires brutal wars and recessions to pave the way for the next prosperous age.

However, the natural instinct of human beings is unnatural. Although sacrificing one generation can pave the way for the next generation, no one wants to be the generation that is sacrificed, especially since cultivators generally have long lifespans and the economic recession has brought about the The population naturally clears out more slowly, so the cultivators have never given up trying to proactively save the financial crisis.

In order to re-stabilize the financial situation in Kyushu, Bo Nanke, then head of the Wuliang Sword Sect, decided to promote the Kyushu monetary union system.

According to Bo Nanke's idea, the Kyushu Monetary Union requires the cooperation of the seven major sects in Kyushu, using the spiritual stone reserves of each sect as collateral to issue new currencies in other major states——

Spiritual stone coupon!

The system includes seven kinds of spirit stones with different attributes, seven kinds of spirit stone coupons with different attributes, and two auxiliary coins, gold and silver, for a total of 16 base currencies. In theory, each spirit stone coupon can be exchanged for the corresponding spirit stone of the same face value. stone.

To give a simple example, the Wuliang Sword Sect controls the super water spirit stone veins, so it can use the water spirit stones as collateral to issue water spirit stone coupons outside Zhongzhou. Anyone who holds the water spirit stone coupons can come to the headquarters of the Wuliang Sword Sect in Zhongzhou. Exchange the same amount of water spirit stones.

This means that the Water Spirit Stone Voucher must be obtained in several other continents, but if you want to actually exchange it for Water Spirit Stone, you need to bring the Water Spirit Stone Voucher to Zhongzhou.

In this way, the spirit stone coupons circulating on each continent can basically only be exchanged for real spirit stones in other continents, which significantly reduces the pressure on the redemption of spirit stone coupons, even if cross-state spirit stone coupon arbitrage is too rampant. , the Kyushu Currency Alliance can also prevent cross-border foreign exchange arbitrage transactions by limiting the upper limit of spirit stone coupons that each outbound monk can carry.

Under such a genius currency system, the total issuance of spirit stone coupons reached more than four times the actual spirit stone reserves of various sects at its peak, which greatly alleviated the long-term currency problem faced by spirit stone standard currencies. austerity issues.

However, the establishment of the Kyushu Monetary Union means that the financial power of Kyushu will be concentrated in the Wuliang Sword Sect headed by Bo Nanke. Therefore, after the "Bo Nanke Plan" was proposed, it immediately encountered Wanhua Valley, Zijin Pavilion, Guiyi Sect, and Shenhuo Sect. collective opposition.

In order to eliminate the concerns of these four sects, Bo Nanke decided to challenge the four leaders on his own. If Bo Nanke wins, the four major sects must unconditionally support the Kyushu Monetary Alliance in issuing spirit stone coupons. If Bo Nanke loses, the Wuliang Sword Sect will no longer force these four major sects to join the Kyushu Monetary Alliance.

Although Bo Nanke is a tenth-level Nascent Soul monk, and his cultivation and combat prowess rank first in all nine provinces, it is still too unbelievable to challenge the leaders of the four overlord-level sects alone, so the four sects took over the task. A bet.

But no one expected that after Bo Nanke cultivated the Six-Path Sword to the ultimate level of the tenth level of Nascent Soul, he actually learned a powerful killing move that was unprecedented and unprecedented -

One thought can cause countless calamities!

It was precisely with this supreme killing move that Bo Nanke defeated the joint siege of the four major sects and made the four major sects surrender.

After this shocking gambling battle, the Kyushu Monetary Union, the predecessor of the Lingshi Reserve Bank, was formally established and successfully resolved the second Lingshi financial crisis. It was not until the third Lingshi financial crisis broke out 1500 years later that it officially withdrew from history. stage.