Amudim

[GreekIdiot]

Hutorian debt collectors come knocking

November 5636

Yishelem - At its peak, the Homeland State of Beiteynu was in the habit of spending a ridiculous amount of money that it actually didn't have, relying on credit lines and investor confidence from centuries of growth, political stability and an unprecedented global trade network. That is, until the war with Lourenne violently ended growth and then the war with Xsampa finished off what remained of an empire essentially built on debt.

Although several administrations - especially in the 5300s - attempted to increase taxes on both income and assets, Yeudi wealth was abroad, and remained abroad, regardless of the Beiteynuese Government's attempts; owing to an ancient and largely independent Yeudi Diaspora.

The situation became so worrisome after the loss of trillions in trade volumes during the Hubris War, that Yishelem decided to sell its debt, finding buyers in Narikaton and Darnussia, Luthori, Hutori, Aldegar and the then expanding Canrillaise Empire.

In lament's terms, think of it like this:

1. You loan me money because you trust that I'll keep paying you back
   
2. After a while I start panicking from all the loans I've accumulated
   
3. Someone else pays you back my loan and strikes a loan with me instead, but on different terms
   

And that's what countries like Hutori did. It was a good investment for a while, until that is, the Beiteynuese Government in Yishelem decided to violate every international law there is in existence during the war with Xsampa.

I can still keep paying the guy who bought off my loan from you, but things are no longer growing and optimistic. So what can Hutori do now?

When there's no cash, you seize assets.

@Neset