“Correct. The rebels will seek to convert their debt into stable wealth. The blood of rebellion. But!” But the rebels would be up against the Masquerade, champions of economic war. What a splendid arrangement—what an incredible trap! The Fiat Bank loved to buy gold, silver, and gems at a loss. It sat on them, pleading: oh, we hold them as backing for the fiat note, so you can be sure your paper money has value. Help us help you! Why not pay your taxes in gold and silver? We’ll give you a discount. Ah, now, are you stockpiling hard goods? I’m afraid we must assess a steep tax. Why not just
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