The Duke of Newfoundland grumbled.
The Alpha Kingdom might seem prosperous now, but it's actually dancing on a cliff's edge. Once the bonds in their hands are depleted, they won't be able to keep up their arbitrage game.
Convincing domestic nobles to lend out their bonds doesn't mean they can persuade foreign creditors.
"Recording" promises are only effective with their own people. Outsiders would rather believe in contracts instead of an elusive promise.
"Use the extra cash to reduce debts! Especially those high-yield bonds, redeem them as soon as you get them back, to save on interest expenses.
Everywhere else, save wherever you can. Holding huge debts for a long time is very detrimental to the development of the kingdom.
Try to repay a portion every year, striving to clear all the kingdom's debts within eight years."
Caesar IV slowly stated.
It's a tragedy to think that his first long-term national policy since taking office is to repay debts.
