The new round of issuance of treasury bonds is actually an overdraft action, but this overdraft is the credit of a country. In fact, if a person who understands economics can understand that the credit of this country is actually equivalent to the currency of this country!

But the problem is that this theory is more common to later generations. Nowadays, currencies in various countries require exchange with gold and their price codes are specified!

Then, when there is more government bonds, that is, there is more currency, a problem will arise, that is, the price of this currency will change.

This is not right. Isn’t it that the currency is stipulated by the state? Is it stipulated how much gold and silver can be exchanged?

That's true, yes, but, the regulations are regulations, and regulations are considered state intervention, but what really determines the price of currency is actually the market!

To put it bluntly, it means that the pound will fluctuate in future black market transactions. Since it is over-issued, it will depreciate.

This is a normal market performance. In fact, British economists can basically understand that they know that it is dangerous to do so, but the situation at this time can only be like this. Otherwise, the members of the parliament would not be able to handle it. These guys seized an opportunity and attacked the current cabinet.

Salisbury is also very hard. You know, when he became the prime minister at this time, he encountered such a mess, with economic problems, and the country still had to fight...

"Fire me!"

"Whose troops above belong to? Let him withdraw my selves!"

Delantowa and Lieutenant Colonel Henry Roberts were commanding the battle. This guy ordered and shouted, and the combat arrangement was really the style of a famous general.

Yes, they come from a famous family, but they are...

The war in South Africa has fallen into a bad situation!

Originally, at the beginning, the British army was very strong, and they had already prepared. Then Milner directly ordered the complete control of Delantowa, that is, the large gold mine.

And at this point, the war began, that is, the British were prepared first, everything was ready, and then they wanted to do this battle. With the strength of the British army, of course, they achieved great success in the early stages of the war and victory continued.

But, you should know that Delantuwa's group of people are not vegetarians. They are locals and have advantages in geographical advantages, so...

fight as a guerrilla!

With this method and this tactic, no one needs to teach it at all, and the Boers themselves understand it.

The Boers were originally farmers and gold diggers from all over the world. They were originally people with no sense of unity, so when such a powerful opponent, Britain came, of course they could not resist at the beginning, so just run away. If they ran away, everyone would definitely be dispersed. This would naturally form the basis of a guerrilla war.

Guerrilla warfare is actually a game of tycoon, which means not allowing the opponent to play to their strengths. Aren’t the British strong industrial ability?

Now, we are fighting guerrillas. In many cases, we are small-scale and small-scale, or even single-to-single situations. If this situation occurs, it has nothing to do with industrial capabilities.

So, when the Boer War entered the second stage, that is, guerrilla warfare, the British Empire's army was a little unbearable.

The other party has a good location, and it is a relationship between the military and civilians. It is very tiring to find a supply in the British Empire. Although there are also British expatriates in this Delantuwa, the number is too small.

"Have you found someone?"

"Isn't that there?"

Henry Roberts in South Africa was already in a tough battle at this time. The main reason was that they wanted to find an opponent, but it was difficult. They ran back and forth with their cannons, but they didn't have many times when they could really hit people...

South Africa is not easy to deal with, but at least on the surface, the British Empire still has a great advantage, or it is just a sure win. Anyway, it is like this on the surface, so since that's the case.

Then live your life as you should!

On the main island of the British Empire, there was no impact at all, and on this day, something big happened on the island!

"People! Warmly welcome our Queen Victoria!"

"People! Today is like a festival, but we do not want to celebrate anything, but to watch a miracle work in human history!"

"People! Be prepared, and next, you will witness the miracle!"

Miracle? What is this?

I saw that it was full of people today. There were usually many places in the Royal Grand Theater, but today it was very special because a place was cleared and people could not be seated. The location was very good.

Why is that? Are you stupid? You don’t make any money?

Of course not. That place is the center of the Grand Theater, and there are some machines there, one of which is a thing with two wheels on it. It's so strange, I haven't seen it before!

Those two wheels...

Just as the people of the British Empire were still talking about the strange machine, the entire hall suddenly became dark!

“Wow!”

"What's going on?"

“Is there a power outage?”

I have to say that this is indeed quite strange, because in the past, the lighting was naturally good, but now, the lights are turned off directly, but...

Crash, the strange machine started to move and made a strange sound. At the same time, a ray of light shot out and hit a strange curtain!

There was originally a place where actors performed, but now...

"Wow!"

"What's this?"

"That image actually came out? This is a miracle!"

“Praise God!”

A light brought a picture that had never seen before in the British Empire. It was really a picture, and it was a shadow!

And this shadow will move!

"The world has changed... I feel it from the water... I feel it from the ground... I feel it from the air... We have lost a lot, and no one remembers it now... All this started with the casting of the Lord of the Rings. The elves got three, they were beautiful, they were immortal... The dwarves got seven rings, they could mine, and they could make exquisite iron tools... And humans got nine, and humans were more eager for power..."

Fack! Not only is the shadow moving, but there is also a sound. This is simply scary!

“This is simply amazing!”

"God! What did I see?"

"This, is this the movie?"

If the people of the British Empire saw their reactions at this time, Li Mengyang would definitely say...

A bunch of country bumpkins!

Well, this complaint is really a bit over. After all, these people of the British Empire have never seen this thing, so this thing is naturally a movie!

After more than a year of events, the Pacific Rim Federation and the British Empire joined forces to complete the first movie masterpiece in human history, which was the one that had been agreed upon before, "Lord of the Rings"!

Everyone has already negotiated that our Pacific Rim Federation has technology, original works, scripts and actors. You are the British Empire, just pay for it.

Sure enough, it was really just a payout, and it was quite enjoyable, because if this movie came out, it would be a big deal to kill Russia and Germany.

Have you seen it? Just now, there are more than a thousand people in this Royal Grand Theater in the UK. There are even many people outside who want to buy tickets and everyone wants to see the beauty of this movie!

The movie was invented before, with cameras and projectors, so everyone has seen it, but there are still few people who have seen it, and just the things I took before, there is no story at all.

Of course this is the case, because I took photos before, I just found a place and put a camera on it. Well, there are no actors, lights, and recordings. Everyone is an actor.

For example, when the factory gets off work and the gardener waters flowers, can this kind of film be interesting?

Now, it’s different. I’ve said it before. Our movie has a story, a huge story structure adapted from the novel “Lord of the Rings”!

How great, don't you come here yet?

So, the effect of this movie is absolutely stunning, and Salisbury is very satisfied.

And then...

"In Middle-earth, every ring has the power to rule every race, but they were all deceived because there was another ring cast. In the flames of the Doomsday Volcano of Mordor, the dark demon king Sauron secretly created a ring, and this is the Supreme Lord of the Ring!"

Of course, this sound is a narration and background sound, but in fact, it seems like a phonograph. Anyway, it is recorded first and then released when playing the movie. That is to say, both sides run independently, and there may be a situation where the cooperation may not be good.

And the current image...

The dark demon king Sauron should have come out, right?

I saw a man wearing medieval armor, black painted armor, and a cloak that looked like a broken curtain. Then he raised his right hand very proudly, showing his strength!

This... picture is a bit rough to be honest, black and white evil, and then as for adding some hellfire, it is the firewood behind it, this thing...

"Wow! That's great!"

"What awesome guy!"

"Is this the Demon King?"

To be honest, of course Li Mengyang watched this movie. After watching it, he felt a little sorry for the audience because the filming was really bad, but now...

It seems that the audience still likes it very much. The people of the British Empire are really easy to fool! (To be continued.)

ps: Thank you for your support! Thank you very much!
Chapter completed!