## The Versian Economy The economy of Vers is twofold: One level operates between guilds, Lords and their Regalia, and other 'large' organizations, this will be called the Feudal-Level. The second will be called the Local-Level. At the Local-Level, most transactions are carried out within relatively small community bonds where most people know each other, and thus flows of cash are utilized much less than credit. If the people don't know each other, and there is no credit-worthy intermediary or institution to vouch for the buyers ability to pay, credits will have to be transferred before the final goods are handed over. Many in Versian society see this as a rather crass action, looked down upon as Federation-esc Capitalist behavior, an endeavor of the lesser Federation nobility, the Eklords, and which the odd disreputable and dishonorable Lord proper of the Federation might take an interest in. However, the Versian Empire does acknowledge the need for such a capitalist class, and because this class was operating in such a disreputable manner, they gained a certain positive notoriety of their own. Every noble and aristocrat has a friend or two who is a free-man of the Empire, scarce however are any not a part of a Federation Corexia who would admit to having such a friend. The core of the Versian economy is the Feudal-Level economic actions. This is where a large majority of Versian Horedits are transferred. Be-it from a Knight to his food-providing guild to provide the rations for his men, or a Lord to his Knight's so that they might buy gear, supplies, and ships for themselves. Else it might be from one Guild to another for long standing contractional fees, debt repayments, or other economic actions. From these massive Feudal-Level transfers, smaller amounts are broken out to pay specific parts of the guilds, which are then transferred on to pay long standing contracts to buy goods, which in turn are used to pay the contracts for the guilds supplies needed, and the laborers of all forms their salaries. Thus if one were to study the cash-flow of the Versian Empire, that is, measure its economy by Feudal-Level velocity, one would find an almost constantly on the brink of overheating, pushed to the max, economy. However, if inflation is calculated as money supply (ms) * velocity (v), one would find that while the v side was high, the ms side would be on the whole stable. It is not that Feudal contracts are not renegotiated, it is that on the whole few new ones are often added, and those which exist are more often expanded. The result is that one would find a relatively inflationary-stable economy. Zooming into the local level, the true underlying cause of this economy stability is revealed. The Feudal contracts keep lots of money almost constantly flowing to pay for goods, such that at any given time only a small amount is actually broken off to pay people. The result is that on the local level the money supply is greatly constrained, to the point that velocity is almost a null-factor when it comes to inflation. The times this is counter-acted are in economies within the Empire with sufficiently high levels of demand - meaning a large amount of people in a relatively small space, with a relatively large amount of currency allowing for a suitable amount for personal spending, which often necessitates a large amount of importation of goods, and has the capacity of personnel, and of capital, to develop industry necessary to produce specialized goods for export to sustained the reduced population for agricultural production which exists as a result of such a places existence. To phrase it another way, the Vers Empire still has cities, city planets, massive towns, trade stations, etc. In these places the money supply reaches such a level that the tradition inflationary calculations become practical and possible. As more people or goods move through, or fewer, both velocity and money supply are impacted. A stabilizing force for both are the Feudal contracts, however natural economy forces can push the renegotion until the location becomes a Free-City/Station/Town/Etc. Which means that its people enjoy Free-men status, and in essence it operates on a more capitalistic system, under a special charter licensing to operate such, essentially created a new limited corporate (as in a body of people) entity without a singular military noble or others as its ruler. Often over time an oligarchy or single ruling family develops which becomes a new member of its regional aristocracy. That is how the Versian economy traditionally has functioned. I shall now recount what has happened over the last little over a millenium to our great economy, such that is has collapsed as it now totally has. It is first worth noting that the so called 'Lord' Henry was no reputable Federation lord. He was not from a Corexia, nor was he even a genuine Lord. His title was a forgery, one he had bought while fleeing to Vers. When he arrived in exalted galaxy named after the great founder of our Second Empire, Emperor Reverse, he had been a Lord for less than a decade. The title was almost as fresh to him as our language. As any informed Lord of our Empire ought to already be aware, the titles from that Federation Dominion of Saldor are sold for barboursly low prices by the Dominions president to any bidder offering enough cash. The Lord within the Federation despise Saldor and its nobility for this reason, seeing them as the lowest form of nouveau riche. They could not be happy with an Eklord positon, moving to an Oligarchy and establishing themselves there, or paying there way into a Presidential-Lordship in one of the Federations democratic Regalias. No they go the Saldor, always happy to proffer more of its already disgraced dignity for mere credits, and the ability to rub it in the ever weaker 'True Lords' of Saldors' face. It is here that Henry Belfor Regalia resides, for he is the Lord of the 'Sovereignty of Optibot', bought from its previous owner, a die-hard Federation Loyalist 'Lord' Richard Denham-Hellsbeck (Father of John Hellsbeck). The first Lord Optibot had only aquired his title 147 years earlier. Denham-Hellsbeck made his fortune betting on the First Order Shipping Company before Palpatine took over. Saldor's confirmation of his title was registered by the House of Lords on Earth only weeks before Snokes coup. While the noble and glorious Rey family had liberated Saldor, Denham-Hellsbeck had spent the whole war trapped in the anti-imperial stronghold, the Dwawrf Galaxy of Tiwak only two weeks by void gate from the Milky Way. This bastion of Anti-Imperialism within the Federation proved a constant throne in Snoke's side. It was here that Henry and his friends had fled after their manipulation of the First-Order/couped-Federation/Empire using First-Order backed bonds bundled with share issues from increasingly risky companies, laundered through 'undefaultable' parts of a 'Empire Insured' security. That was until the First Order's underlying industry which its stock markets in its most safe regions were insulated from were completely decimated and yet the markets only went higher promising greater returns from an impossible level of industrial rebuilding. It was then that Henry and his comparatives cashed out their schemes, took their trillions of credits, and bought whatever foreign currencies and other assets they could while their credits were still worth anything. It was for that reason that Henry bought the title. His thinking was that the title would give him more respectability in Versian society, which in truth it did prove to do. Such was Henry's experience that when he married the recently made Empress Cathrine, he became her most essential economic advisor at a time when the Versian economy was under a never before experienced economy strain. The sheer demand of the war, of mobilzing so many lords, so many people, with such great losses, across such great distances, necessitated such a total increase in demand that the Feudal Contract system of Vers simple could not handle the load. Henry asked his wife to call a meeting of the Collosusius, and allow him as her Husband to speak in it. He thus put forward the question for debate: given the proliferation of Free-Worlds and the like, should the Empire allow the creation of a common market, and import other Federation economic concepts, such as issuing not only debt in the form of bonds, but equity shares. This was not a popular idea within the Collosisu. In order to demonstrate her Independence, the Empress called on the most liberal of the conservative Lord's whose interest lay in economic and similar concerns, that was, Lord Alexi Toyevski. Lord Toyevski proceeded to run a fair debate, for example calling the Federation-Corexian and Pro-economy Rustvo-Harren to defend the Versian economic system, while placing on the offensive the anti-economy leading new-colonial conservative Lord Juan Cortez. The Debates did not overturn the old Versian feudal system, but they did not preserve it.