Chapter 365 Currency War (1)

Numerous changes brought about by the advent of virtual reality Arcadia.

Although many things have changed rapidly and violently enough to be called a global revolution and transformation, virtual reality has quickly settled in all countries of the world due to its enormous economic value despite numerous side effects and concerns in this era of cataclysm.

[It is true that there are things we do not yet know about virtual reality technology, and that we are in uncertainty about what problems this technology will cause in the future. However, if fear and anxiety about such risks block new innovations, it will deny progress to the future and hinder the development of the nation… and of mankind as a whole. Look at Japan. What kind of situation have we been in since access to technology related to virtual reality was blocked at the source?]

[Virtual reality is no longer an option, but an essential technology for mankind. Fear no more than this creates an uncertain sense of dread. How much our lives have been enriched and efficiently changed through virtual reality, and how much hope it has given to people with disabilities who have been marginalized until now. With that alone, I think the value of this technology is sufficient.]

The movement to actively resist and oppose the appearance of virtual reality in fear could be found everywhere, but in the overwhelming support of the public, which is incomparable to it, virtual reality Legalization and system maintenance related to reality were progressing step by step, changing the entire daily life of mankind. In particular, the presence of Arcadia in the world economy and financial world was nothing short of a shock itself.

– ‘Gold’, a commodity in virtual reality. Is it a universal currency?

– Common cryptocurrency gold around the world. The daily trading volume is approaching 1,800 trillion won.

– Recognition of tangible value for US Treasury Gold. The birth of the world’s first certified virtual currency.

A common currency in Arcadia and a virtual currency that does not exist in reality.

Gold.

It was just a piece of virtual data composed of 0s and 1s, but it is a virtual asset whose value is recognized while maintaining a certain balance between demand and supply in Arcadia’s economic structure, which operates with over billions of users and terrifyingly precise operations.

However, with the official recognition of the US government, well-known economists among several countries that are quickly moving along the stance were appraising this situation as truly phenomenal.

[A lot of people probably already know that Arcadia is basically a fictional world, but it has a very precisely structured economy. The price of all goods is absolutely set by the invisible hand of the market according to supply and demand, and basically all economic phenomena of reality caused by the finite resources and the infinite human desire can be found in Arcadia. ]

This virtual world that so perfectly embodies the basic premises that are the foundation of human economics. Among the various events taking place here, it is possible to discover major economic phenomena that can be substituted into reality and considered, so the topic of studying Arcadia as a major experimental model has recently been a craze among economists.

[In addition, users who play this Arcadia are willing to consume their own goods to satisfy their desires. Purchase better equipment or essential consumption items such as potions or emotion scrolls. Furthermore, this gold is used even for services such as eating at a restaurant or using a repair appraisal warp gate. In other words, it means that there are infinite places where you can consume the virtual goods called gold.]

Gold acquired while playing Arcadia.

However, unlike general games, the uses for this gold were so limitless that the gold earned by billions of users a day was astronomical, but the amount of gold consumed was also at a level that could not be ignored.

[Arcadia is basically a fun entertainment, but it induces and forces players to do painful labor. Through hunting or through production or gathering, it makes various products produced and processed. In addition, elements that provide entertainment and satisfaction to players by consuming the goods obtained in all these situations are hidden here and there, so the structure is so precise and detailed that even the consumption of the goods created is woven.] Production and consumption

. supply and demand.

An economy in virtual reality where its complex structure is perfectly balanced and dynamically moves and changes as if it were a living organism. Looking at another huge market that could only exist in the imagination, economists talked as if everyone was right.

[Therefore, no one can dispute the fact that the utility and value of gold actually exists. It just doesn’t exist in reality. It is clearly in the process of serving as a practical currency.]

The birth of virtual currency, which does not exist in reality, but whose value is commonly recognized around the world. From that point on, developing countries and poor countries with poor economic scale and level began to introduce virtual reality into their countries preemptively and aggressively to a frightening extent.

-Designated El Salvador government gold as the official legal currency.

– Granted ‘GLD’ code to ISO cryptocurrency gold. Full-fledged entry into the international foreign exchange trading market.

-Final permission to pay taxes using Brazilian government gold. Establishment of subsidies for virtual reality.

-A source of revenue that is five times the average Philippine worker’s salary? Virtual reality craze blowing in Southeast Asia.

People rushing to live in the poor reality of developing countries where the profit of gold earned by playing all day in virtual reality is overwhelming rather than engaging in the existing livelihood.

In the midst of this virtual reality market, the whole world is heating up. A country was quietly preparing for a slightly distant future.

“Then, let’s start the 32nd secret meeting of the People’s Republic of China. All conversations made here are classified as first-class confidential pursuant to Article 32, Paragraph 3 of the Secret Protection Act, and production and export of all future related records are strictly prohibited. Therefore…”

The Ministry of Finance, the upper body responsible for and in charge of all economic policies in China.

At this meeting where all the key powers, including China’s top leader, were gathered, the highest commanding officer of the Ministry of Finance was directly presenting a report with a serious face.

“Recently, the value of gold, which is used in the virtual reality game Arcadia, is being solidified. As the U.S. Treasury Department recognizes it as an official currency and actual value linkage with the dollar is made, it is a trend that is accepted as a global change. Therefore, in our government…”

The Chinese government has paid extraordinary attention and watched the emergence of virtual reality technology more than anyone else.

However, among various government departments in China, especially the Ministry of Finance, the interest in Arcadia was different. Those who watched and closely observed this virtual world with an almost obsessive level. That is why such a huge economic paradigm change on a global scale has made them aware.

“So, in conclusion, is the conclusion that the value of gold will continue to be maintained in the future, and furthermore, it will become a strategic asset and key currency that boasts enormous influence throughout the virtual reality industry?”

“That’s right. As a result of discussing this with top economic experts at the Ministry of Finance, it was analyzed that this gold could become an international currency replacing all currencies around the world in the future, or it could become a key currency equal to or surpassing the dollar.”

Confident remarks by the Minister of Finance.

However, everyone murmured with doubts about the fact that gold, which is just data that does not even exist, will grow into an asset with such tremendous value.

“Does that make sense…?”

“Huh….. Assets in a game run by a single company are like that…?”

“This is an incredible story. Realistically impossible.”

A story that can’t be explained or understood with common sense so far.

However, the head of the finance department was persuading the absurd claim he had made with a face full of conviction.

“Normally not possible. However, based on our analysis of recent events, we determined that the United States continues to show a movement behind the scenes to develop gold as a key currency with a status comparable to the dollar.”

The U.S. Treasury Department officially declared that it would regulate gold, which was only game money, as a currency and asset. And when the IRA came forward and even newly established related tax regulations and acknowledged the existence of gold, the global trend itself followed suit and incorporated gold into the institutional system.

“In addition, Arcadia Co., Ltd. is responding to this institutionalization movement by continuing to release systems that provide near-perfect complementarity and convenience according to the principle of one account per person. Therefore, there is a trend that continues to increase the number of real-life gold transactions beyond virtual goods transactions.”

Co., Ltd. launched an application called Gold-Wallet that allows you to directly check the goods earned in the game with your smartphone and exchange them freely, or send and receive them to other people’s accounts, enabling their use in reality. Arcadia.

Therefore, with sharp eyes, the Minister of Finance spoke of a conclusion drawn by his subordinates by synthesizing the complex and clandestine international situation and diplomatic interests.

“The internationalization of gold and its incorporation into an official currency are the goals the United States has decided to keep China in check. In order to prevent and check the conversion of the Yuan into a key currency, which all the leaders who attended this meeting, including our Ministry of Finance, are working tirelessly. And we judged that it contains the purpose of further solidifying the command of the dollar as the key currency in the future.”

The dollar is the key currency used in most transactions around the world.

The United States boasts a huge influence on the world economy by printing this dollar.

China’s grand dream, which hurts and is jealous of their actions more than anyone else.

Incorporation of the Yuan as a key currency, one of the major goals of the Chinese Dream.

To achieve this, those who were pushing ahead with various plans and policies one after another kept their mouth shut to the data that the Minister of Finance continued to present. Due to the birth of virtual reality and Arcadia, the influence of the yuan has decreased compared to before. In the current situation, if gold rose rapidly, its status would have to retreat, so the faces of those who attended the meeting grew darker and darker.

“So…what is the solution the Ministry of Finance is proposing?”

Chinese President Xian Chang broke silence and opened his mouth.

When he, who had all the decision-making power at this meeting, asked a question, all eyes turned to Xian Chang at once.

And in response to his question, the Finance Minister said with a determined face.

“For the glory of the People’s Republic of China and the faithful worker of the Republic of China, the Ministry of Finance has devised an operation to destroy the trust of the world so that this virtual currency called gold cannot play a role as a currency.”

“Breaking trust…?”

“how….?”

People who listen to the words with a little interest in the face.

And their faces brightened at the explanation of the finance minister, and one agenda was finally decided without anyone objecting.

One grand project to resist the heinous Western powers that hinder the great dream of China.

That is the Golden Road.

Source: Webnovel.com, updated by NovelKeep