The matter of how kings work is one created by the canon show. "Greenbacks" makes it quite clear that they are poor due to the king's tyranny. The plot doesn't make much sense, but it's canon, so I went with it. My best justification is that the NEF functions under some sort of "king" hierarchy, where "King" James really serves more as a duke underneath King Roquat.
I have seen that you have announced Cody Christian as a character in our season 8. Since yesterday i have decided to make Cody a recurring character who is a student at Elphame Academy as well. So i hope there's no misunderstanding here...Is it okay for you?