this post was submitted on 15 Apr 2024
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(If any of you all did not see season 1, please skip this comment. It's actual, heavy spoilers.)
When you mentioned Brazil, you were likely referring to the devaluation of the real in the 2010s, right? The situation actually resembles older events:
what's going on
Money printing.Brazil mass printed money in the 1980s, and the Trenni kingdom is doing the commodity money equivalent of that, melting old coins with higher silver content to issue more of a newer coin with less silver, but same nominal price.
Even the motivation is the same, the government is trying to pay off its debts. Likely the internal consequences too*.
The kid dealing with Lawrence is part of a huge scheme. His company is amassing the old silver coins, to exchange them with the kingdom itself - basically "Look, I gathered 100 high purity old coins. You'll be able to make 150 shitty coins out of them. But I want some part of the profit, and a few concessions".
*It's a bit off-topic but I remember those events in Brazil well, because they taught me what inflation is. First I was able to buy four sweets with a 100 cruzeiros cowfish coin, then two, then only one. I was eight back then.