Sengoku Komachi Kuroutan - Ch. 95 - A Moment's Breath

[Gold_Scale]

Show some support by donating if you can, thank you.

 

[cryum]

Nobunaga has the advantage that he's REALLY scary when he's angry. The upcoming system will hinge upon Nobunaga guaranteeing the loans. That means he will judge whether you're even worth the loan, and if you default your ass is on his shitlist.

In that sense, it is practically very similar to the way he already operates, only with a sturdy layer of bureaucracy that will not easily fall to bad rumours(also he killed the monks who spread those rumours)

The main issues will come after nobunaga's lifetime, which is also why he cares whether the next generation is competent.

 

[XicoYe]

Bruh I'm so excited at how they are making CURRENCY

 

[Schmony]

Despite my personal opinions on fiat vs gold standard, you have to admit this has great arc potential especially for this type of story.

 

[maddery]

Oh, vs Azai and Asakura. Wonder if Nagamasa will participate?

 

[Shawn]

I love the way that technological advancement is developed in this manga. It’s not like suddenly building a nuclear reactor to power automated weapons factories in medieval Japan.

Promissary notes have been around for at least four thousand years, but Shinzuko is was a high school student studying agricultural, not a banking and finance graduate, so it’s right that she’s cautious.

 

[artichoke]

Reading this chapter makes me want to listen to this amazing song:

 

[Nitram4392]

I'm not very versed in japanese culture, so I have a question that may be stupid:
Is there a significance where Oda is talking to Shizuko? At first they were sitting facing each other but he called her next to him when talking about the issuing currency.

 

[mgRdr]

I'm not very versed in japanese culture, so I have a question that may be stupid:
Is there a significance where Oda is talking to Shizuko? At first they were sitting facing each other but he called her next to him when talking about the issuing currency.

My uneducated take is that there's no significance per se, but it is illustrative of their relationship.
The protocol demands that, when you're summoned to your lord, you must sit at such and such position and at such and such distance. This establishes clear hierarchy of who is a subordinate and who is the superior, and among all other things, it reinforces the idea that the lord possesses higher knowledge than you do, and even if there is an understanding, even mutual, that the lord is actually in the wrong, you're still to treat his words like a gospel and bend your own truth in service of him.
When it comes to Shizuko, Oda acknowledges and admits - at least to Shizuko - that there are a lot of areas where she's more knowledgeable than he is. Reinforcing a stritct hierarchy may turn into a detriment if she starts mincing her words, so Oda allows for this suspension of protocol, and invites her to have a discussion on a level closer to that of peers rather than of a lord and a vassal. That's the pragmatic reasoning, but he also sees Shizuko not only and not so much as a subordinate and a valuable asset, but as a close friend as well.

 

[MinsangEnrique]

elite gold knowledge

 

[TristhaniaGevra]

I hope this is the time when Japan hasn't invented the death flag yet, because oh boyo, why do you say something like that at the end of the chapter

 

[Ajira]

Thanks for the translation!

 

[Tamed]

We're farming money now

 

[Shawn]

I'm not very versed in japanese culture, so I have a question that may be stupid:
Is there a significance where Oda is talking to Shizuko? At first they were sitting facing each other but he called her next to him when talking about the issuing currency.

Shizuko was having a formal meeting with Oda, where he was on a raised dais, and she was reporting to him - note that she is depicted sitting at least three metres away. His gesture for her to come closer was because he wanted to speak to her quietly to her about the currency issue, and indicate she sit to his right signifies he values her as a trusted retainer, but for her to sit on Oda’s left would indicate she’s his second in command.

 

[trainki]

Shizuko ! Be more cautious ! Paper money is a really dangerous stuff to handle ! It need a really stable money and banking system XD

 

[trainki]

I found it intriguing how both the East and the West came across the idea of paper money,.

But aside from the difference that the ancient Chinese court didn’t know jack about how money works and they went Zimbabwe at some point, I‘m not sure why it’s a failure there and a success in the West.

Because in the west they understood from their previous failure and got more restrictive on the "money out of nowhere" while puting more guarantee in gold to maintain some trust in their money.
Industrialisation and the developpement of the trading system also helped, ironically, by giving "value" to immaterial stuff (shareholding) and increasing the necessity of paper money.


tl;dr: west stabilised their money by more strickly turning paper money into royal checknotes saying "The king guarantee the holder this checknote this amount of gold"
And because investors started trusting shareholding and needed ways to quickly buy/sell them.

 

[MinsangEnrique]

Because in the west they understood from their previous failure and got more restrictive on the "money out of nowhere" while puting more guarantee in gold to maintain some trust in their money.
Industrialisation and the developpement of the trading system also helped, ironically, by giving "value" to immaterial stuff (shareholding) and increasing the necessity of paper money.


tl;dr: west stabilised their money by more strickly turning paper money into royal checknotes saying "The king guarantee the holder this checknote this amount of gold"
And because investors started trusting shareholding and needed ways to quickly buy/sell them.

Saudi Petroleum also served as a compelling "sponge" of dollars once Nixon stopped pegging it to gold; after all, you always will need petroleum to run your economy—and if the world always need dollars to buy petroleum, the holders of dollars have easier time buying shit.

 

[KerNes]

In my eternal, mostly futile, crusade to explain economics to people in the internet, that's not how creation of money by banks work.

The government can and does, in fact, create money by just deciding that there's X+50 units of currency now in circulation instead of just X (generally while at the same time printing out the 50 extra units of physical currency).

Banks do not and cannot do that.

What does happen is simple, and a result of fractional reserve banking:

Imagine the government prints out 100 moneys (let's call the currency OdaBucks). So, 100 OdaBucks have been printed out by the government. Someone gets that money and deposit in a bank. Now, the business of a bank is not putting money in a vault and just keeping it safe. It's lending other people's money. But the the government only allows them to lend out a part, a fraction of what have been deposited (hence fractional reserve banking); Let's say that this government allows one to lend up to 80% of what has been deposited. So, there's 100 OdaBucks deposited, the bank lends out 80 OdaBucks.

The borrower then uses those 80 OdaBucks. The one they paid now have 80 OdaBucks. Those aren't special "loaned" OdaBucks; They are just OdaBucks like every other OdaBuck. So they deposit their money in the bank too. Or, look at that, now the bank have 180 OdaBucks deposited, 80 more than before. Which mean he can loan 64 more OdaBucks out. Which get used and deposited, and now 51.2 more OdaBucks can be lended out. And the process repeats. With more OdaBucks than the government created being available for use.

As far as the math goes, given enough time, the total money available for use in it's the sum of a infinite geometric series, so the formula is (Printed Out Money)/(Fraction Banks have to Keep), or in this case 100/0.2=500 OdaBucks. And thus the bank will have effectively created 400 OdaBucks by lending out money; It's money that they have, it's just that it's fundamentally the same original OdaBuck that get deposited, lended out, used, and then deposited back in for the process to repeat.

The Mangaka has fallen for a very common misconception of how banks work; We'll have to see how that turns out.

 

[solamente]

Shizuko was having a formal meeting with Oda, where he was on a raised dais, and she was reporting to him - note that she is depicted sitting at least three metres away. His gesture for her to come closer was because he wanted to speak to her quietly to her about the currency issue, and indicate she sit to his right signifies he values her as a trusted retainer, but for her to sit on Oda’s left would indicate she’s his second in command.

no idea if this is real or not but I'm a sucker for discussions on proxemics. it's unnoticed details like this that help me extract more mileage every time I reread stuff

 

[MinsangEnrique]

The Mangaka has fallen for a very common misconception of how banks work; We'll have to see how that turns out.

Dude—the mangaka (and Shizuko) literally explained this very process you're speaking of for several panels.