Holy Roman Empire

It has not been a day or two since the price of silver has been falling. The "free silver" policy has undoubtedly sent the dollar on the path of depreciation and inflation.

It's not that the Americans are ignorant of the consequences of the "free silver" policy, they were mainly forced out.Facing the competition of European industrial and commercial products, domestic enterprises in the United States have little power to fight back.

In order to protect the domestic industry, the US government had to adopt stimulus policies.As for the sequelae caused by this, it is natural that ordinary people pay the bill, and the farmers who suffer the most are undoubtedly the farmers.

However, the United States was divided once, and the powerful agricultural states almost all followed the Confederacy, and the remaining states were dominated by capital, so naturally no one cared about these small problems.

When inflation meets an economic crisis, the situation is quite different.The decline in the purchasing power of ordinary people has directly led to further shrinkage of the market, and a vicious economic cycle has begun.

The withdrawal of British capital intensified the crisis, and a strange scene appeared.On the one hand, inflation is serious, and on the other hand, there is insufficient money in the market.

The United States of America, whose gold reserves are seriously insufficient, is in a currency crisis as well as an economic crisis.

In response to the crisis, Democratic President Cleveland, who emerged from the Great Depression, took decisive measures: issuing government bonds to buy gold.

Naturally, bankers would not give up this opportunity to make a fortune.On the one hand, gold is provided for these high-interest bonds, and on the other hand, paper money is exchanged for gold reserves.

Just like this, the gold is still the original gold, the reserve fund has not increased much, and the interest rate difference in the middle has made the bankers earn a lot of money.

Looking at the information in his hands, Franz very much doubted whether Cleveland was bought by the bankers, and this kind of stupid monetary policy was used.

Doubts are doubts, and it doesn't affect him in the slightest to get a share of the pie.The only regret is that the United States is not fat enough these days, the plates are too small, and there are too many people sharing the cakes, so the ones who cross the river get even fewer.

The interest rate difference of 68 US dollars is the result of one month's operation of the American branch.For ordinary people, it is a huge sum of money, but for Franz, it can only be regarded as better than nothing.

In the follow-up, Franz no longer cared.Any stupid policy is not sustainable, and this money-giving policy is no exception. If Cleveland continues to play like this, the US government may be overwhelmed by debt before the end of its term.

No matter how weird the gold bond policy is, it can't affect Cleveland being a "good president."Just because he abolished the "McKinley Tariff Act" known as the "mother of trusts", he must be a "good president".

……

According to the financial world, everyone is tied to risk, so it is not considered risk.The same can be applied here. The economic decline of all countries in the world can also be equivalent to no decline, at least in terms of national strength.

The goal was achieved, but Franz was not happy.In any case, always find a way to survive the economic crisis.

All countries have been dragged into the water, leaving no opportunity for competitors to take advantage of the opportunity to rise. It is a success strategically, but it has become more difficult to restore the economy.

Looking at the world map, Franz said helplessly: "The Ministry of Foreign Affairs is ready to mediate the Japanese-Western war, the Spaniards will soon be unable to hold on, and the situation of the Japanese will not be much better.

If the war continues, I am afraid it will become a war of attrition between us and the British.With the intensity of the Philippine campaign, it may not be possible to tell the winner in another three to five years.

There is no need to continue wasting money in a game that is destined to have no results.Now is the best opportunity to collect mobile phones, and it is estimated that the British are not willing to waste their money. "

Once the war between the two poor ghosts continues, the unlucky one will be the money owner.Although it has not developed to the point where "it is the master who owes money" these days, there is still nothing that everyone can do when they encounter a master who has no money.

Spain is relatively better, at least there are a few rich colonies, which are worth a little money; Japan is really poor and white.If you get the Philippine Islands, that's all, there will always be a day to pay back the money; if you don't get it, the British investment can only be wiped out.

The oil yield rate of soybean is 20.00%, the oil yield rate of rapeseed is 30.00%40.00, the oil yield rate of sesame is [-]%[-], but can you squeeze the oil out of chaff?

To judge others by oneself, in exchange for Franz's position in the British government, it is now necessary to consider whether it is worthwhile to continue investing in the Japanese.

Relying on capital to kill the enemy, if the opponent is the Russians, it is almost the same. It is a pity that the opponent this time is the Shenluo Empire. There are no billions of pounds to enter, and even bubbles can't come out.

Even though the capital of the British is stronger, Shinra's staying power is stronger!The war of attrition tests not only capital, but also endurance.

Foreign Minister Weisenberg frowned: "Your Majesty, the key to mediating the war between Japan and the West is the ownership of the Philippine Islands. At this point in the war, I am afraid that neither Japan nor the West will give in easily.

If you choose to make peace and let the two countries jointly manage the Philippine Islands, the war can be ended now, but the two sides will fight again in a few years.

We don't have so much time to entangle with it, and from the standpoint of the empire, the best way is to let the Japanese give up.

If we want the Japanese government to make concessions, we and Spain alone will definitely not be enough. Even if we pull the entire European Union, we may not be able to succeed unless the British also support us.

only……"

Franz interrupted: "Nothing! The protagonists of the Philippine War were Japan and Spain. Don't you think we mixed too much?

At this time, it is time for the Spaniards to work hard on their own.No matter how unbearable they are, as a European country, they will never lose to the Japanese in the fight for the right to speak out in Europe, right?

Let them mobilize their influence, build momentum for themselves in Europe, and by the way, describe Japan as barbaric, that's about it.

This is a period of economic crisis, and the British Parliament is not idle. With so many eyes on it, where does the London government get so much money to support the Japanese?

After the Japanese-Western War ended, without this gold-swallowing beast, the government's finances could breathe a sigh of relief.This is very beneficial to the next economic construction. "

Wars cost money, and the Philippine campaign has progressed to the present, and both Japan and the West need "a lot of money" and "a lot of supplies."Just verbal support is meaningless.

Once the public opinion is hyped up, the British government will provide money to aid Japan, and the British people with their bellies will definitely make them unable to eat.

The opposition party is a natural ally of the Spanish government on the issue of grasping the government's handle. Once a problem breaks out, they will definitely attack in the parliament.

Even if the British government can hint that the consortium will lend money to the Japanese, but they do not provide guarantees for debt security, who would lend money to the Japanese government, which seems to know at a glance that it is incapable of repayment?

It is difficult for the Japanese government without money to compromise.If you don't take advantage of the fact that you still have some terms to negotiate with now, you won't even have the capital to negotiate terms if you delay it later.

The only regret is that the Japanese-Western War ended in this way, and the Holy Roman Empire could not maximize its benefits.Purely from the perspective of return on investment, the Vienna government is equivalent to doing a loss-making business this time.

However, in order to get out of the economic crisis as soon as possible, Franz no longer cared about whether to lose money or not.The consumption of more than 1000 million Aegis per month can be used to restore the economy and create tens of thousands of jobs.

After all, the Vienna government is really poor now.Not only does the domestic economy need to recover, but money is also needed to help a few younger brothers.

Bankruptcy belongs to bankruptcy, and the government still needs it.The debt issue can be shelved first, but the social order of each country cannot collapse.

Today is different from the past. As the boss of the European continent, the Holy Roman Empire has become the defender of order.Gone are the "beautiful" times when watching the excitement was not a big deal.

……

Prime Minister Carl: "Your Majesty, in view of the current special circumstances, the cabinet is preparing to increase investment in infrastructure, start the Asia-Africa-Europe Ring Railway ahead of schedule, and use the infrastructure industry to promote domestic economic recovery.

Considering the huge investment in this project, the cabinet plans to split it into multiple sub-projects, and take out the road sections with higher returns to finance the construction, so as to reduce the cost investment.

The rest of the road sections that are difficult to construct and see no return on investment will be invested and constructed by the government itself.The main funds are solved through bank loans and issuance of national bonds.

The current situation is very favorable to us. Recently, more than a dozen European countries, including Russia, Spain, Belgium, Switzerland, Sarah, and Luxembourg, have borrowed a large amount of funds from us.

The Aegis settlement system has been basically established on the European continent. It happened to catch up with the economic crisis, and the British are now too busy to take care of themselves.

As long as we can get out of the economic crisis first, Aegis will have the absolute upper hand in the struggle for currency hegemony.

As long as Europe is stable, it will be easy to move from Europe to the world.It's nothing more than a question of buying, buying, and buying. No matter what the governments of various countries think, the capitalists welcome Aegis very much. "

The strategic railway that loses money is destined to be paid only by the government.There is no way, the deceitful routine can only be used once.As early as more than 30 years ago, during the construction of the domestic railway, the capitalists were fooled once, and now everyone has become smarter.

No matter how good your story is, if you can't see the return on investment, no one will pay attention.

The "Asia-African-Europe Loop Railway" sounds domineering, but that's exactly what it is.It is nothing more than connecting the original railways in series and filling in the missing lines in the middle.

Counting on this "making money" may increase the population of the Holy Roman Empire by four or five times, and we can see such a glimmer of hope.

This only refers to "making money" in name, that is, the operating income is greater than the operating cost. If you want to recover the investment cost and obtain a considerable rate of return, it is estimated that the population must be increased by seven or eight times.

I don't know if it will be realized in the future. Anyway, it is impossible for Franz to see it in his lifetime.It doesn't matter if you lose money, the key is to lose value.

Theoretically speaking, as long as the Shinra Navy can control the Mediterranean Sea, this seemingly strategic railway has no practical significance.After all, sea transportation is cheaper, and merchant ships have made several round trips after passing through a large circle of railways.

Judging from the current international situation, the hegemony of the Shinra Navy in the Mediterranean Sea has been fully established, and even the British cannot shake it.

If the British really had the courage to send the main force of the Royal Navy into the Mediterranean, Franz would laugh in his dreams.The bath tub is no joke, and no one stipulates that naval battles can only be fought by the navy.

As the world's largest air force country, Franz can boldly announce that coastal areas are restricted areas for warships of various countries.

Whether it is taking off from the continental circle of Asia, Africa and Europe, or from the Italian peninsula, the Shinra Air Force can make them unable to eat.

It doesn't matter if the hit rate is low, as long as the number goes up, there will always be gains.It really doesn't work, the Japanese "Kamikaze" brigade is not bad either.

In addition to the planes in the sky, there are also submarines under the water.Originally, Shinra was not doing very well in the research and development of submarine technology, but with the end of the Anti-French War, this situation has improved.

On the basis of inheriting the French submarine technology, the Shinra Navy also has its own submarine formation.The only regret is that the technology has not been able to break through, and can only play offshore combat.

With so many advantages, the Vienna government's demand for the "Asia-Africa-Europe Ring Railway" is naturally not high.If it hadn't happened to catch up with the economic crisis, it is estimated that this railway project would not even be approved.

There is no if in reality, since it happens to catch up, then the ring railway will be born.Waste, maybe.However, compared with the positive significance brought by the launch of the railway line, it is not worth mentioning.

After all, restoring the economy is the top priority of the Vienna government right now.Being able to get out of the economic crisis one day earlier, Aegis can gain an advantage in the struggle for currency hegemony.

No.16章 忍痛割肉

Although the means of policies to stimulate the economy are somewhat crude, they are simple and effective.The markets reacted just after the Vienna government announced plans for a "Circle Railway".

On April 1894, 4, when the Vienna stock market opened, the infrastructure sector led the market by opening 26 points higher, breaking through 7 points in the middle, and finally closing with an 20% increase in the sector.

Steel, cement, construction machinery and equipment, banks and other sectors related to railway construction have also rebounded upwards.

Affected by this, the Vienna stock market rebounded 3.62%, the largest rebound since the outbreak of the stock market crash.

Then there is no more. Since the stock market crash broke out, the Vienna stock market has been falling all the way. At the worst time, the overall decline was as high as 74.3% compared with the peak period. Even if there was a rebound, the market index was only 30.00% of the peak period.

With the market falling so badly, it is conceivable how far the market's confidence has collapsed.There is no way, the free development of the stock market is so capricious.

Relatively speaking, the infrastructure steel sector is not bad.As a mature industry, the ceiling of the market is in front of everyone's eyes. The valuation itself is not high, and it is supported by large post-war reconstruction projects. Naturally, it will not fall much.

After this wave of rebound, it has basically recovered to three-quarters of the market value at its peak, barely out of the crisis.

The hardest-hit area of ​​the stock market crash is actually the emerging technology industry, without the support of performance, just a "good story" to support the market value, once the bubble is punctured, it will fall so that even the mother does not know it.

Fortunately, he put on his vest, otherwise Franz would not dare to go out to meet people now.Technological progress also needs to pay a price, and it is too small to rely solely on the strength of individuals.

In order to speed up the technological development of the empire, Franz chose to let the company go public for financing without hesitation.Scientific research inherently requires luck, so often a project will have multiple research groups.

Catching a sheep to pluck the wool, the light efficiency is too low, which obviously cannot meet the demand.But this is not a problem for Franz. Anyway, there is no Internet these days, so it doesn’t matter if you tell a story several times.

From Vienna to London, technology companies from royal consortiums are listed in all the larger financial markets in Europe.If it weren't for the immature overseas markets, it is estimated that all five continents are pastures.

Although the wool is a bit strong, compared with his peers, Franz is definitely a conscientious entrepreneur.

Different from the high-tech winner-take-all of the later generations, it is just starting now, and you can become a "great company" if you pass the customs on any track.

The only regret is that the success rate is so low.In the past 30 years, there have been no less than 70.00 technology companies invested and listed by the imperial consortium, a quarter of which have gone bankrupt, and 5.00% of the companies are struggling hard, and only less than [-]% of the companies are living well.

Just looking at the data, you can see how pitted these high-tech projects are.No way, who made Franz a scumbag in his previous life?

In many cases, when a project is launched, it is an idea in the emperor's head.There is definitely no specific technology, and most of the time there is no concept, and some are only functional requirements.

For example: a food refrigerator that can be refrigerated, an air conditioner that can cool and heat, a TV that can play videos, and a computer that can't understand...

For a series of "high-tech" projects, no matter how many years ahead, Franz just puts forward the requirements, and then the scientists evaluate them.If you can't find a clue and don't know where to start, then package it up and go public for financing.

Anyway, the stories are good stories. Every family needs a machine for refrigerating food, and a machine that can adjust the indoor temperature also has a huge market potential.

As for whether it can be done, when can it be done?

Sorry, but this is sacred scientific research.As long as it can be realized in theory and the story told can convince investors, that is enough.

The final result is very obvious, the more advanced the project is, the worse it will die.Only a very lucky few can stand out.Moreover, a large part of these enterprises have gone astray, and achieved profits by inadvertently producing by-products.

For example: the refrigerator did not come out, but ice storage technology made a breakthrough; the TV set did not come out, but the movie projector came out first; the shadow of the air conditioner was not seen, but the fan technology was improved...

The lucky ones are always a minority. The vast majority of enterprises have not made breakthroughs in the main business technology, and have not started side business, so they can only rely on continuous financing to survive.

Fortunately, before the stock market crash broke out, there were successful examples, and investors were relatively tolerant of high-tech companies.Including many capital consortiums, they all flicked into the pit.

After all, the high-tech enterprises created by the royal consortium are indeed engaged in scientific research.The financial accounts are also clear and clear. Apart from not making money, it is a proper and conscientious enterprise.

After the stock market crash broke out, it was immediately revealed.Suddenly, everyone discovered what the company they invested in was.

A huge amount of money has been invested in it, and it has not been profitable for several years or even decades, or it is a company that only maintains a small profit. What is it if it is not rubbish?

If it's just like this, that's all. After all, there are still a series of special train technologies, which may be used someday.However, the valuations of these companies are still extremely high, with a price-earnings ratio of hundreds of times, apart from bubbles, they are still bubbles.

In fact, this loss is the result of deliberate manipulation by the royal consortium.Use other vests to allow these companies to earn income from sideline businesses.

If the hole is too big, there is no way to balance the accounts, or the R&D team's ability is really rubbish, it will be abandoned and let it go bankrupt.

One patent this month, another technological breakthrough in a few months.Good news emerges one after another, constantly stimulating market confidence.The financing of enterprises is increasing, and the market value is also constantly expanding.

If it weren't for the outbreak of the stock market crash, this game of passing the drum can continue forever.Until one day the technology breaks through, and then it's another story.

It's a pity that there is no if in reality. Now that the bubble has burst, this kind of enterprise without performance support will naturally fall into a mess.

"Cut in half" and then "cut in half", that is only the treatment that belongs to the 5.00% successful.The overall decline in the technology sector was above 80.00%, and some individual stocks even fell as high as 90.00%.

If the net worth is calculated by market value, after the stock market crash broke out, Franz's paper wealth evaporated at least 80 billion Aegis, which is more than the sum of the annual fiscal revenue of all countries in the world.

The bubbles that I blow out naturally have to swallow the bitter fruit.Of course, this is only on the surface.If you do in-depth research, you will find that since the outbreak of the European war, the major shareholders of these companies have begun to reduce their holdings.

The major shareholder is still a major shareholder, and only a small part of the shares are reduced.However, it is this small part that can now buy the entire company.

Franz, who has made a lot of money, is not happy now.In the past, I was collecting wool and using other people's money for scientific research, so I don't feel bad when I burn it.

The situation is different now. There is no financing in the market, and these awesome high-tech companies are on the verge of bankruptcy, and they are about to fall into their own hands.

There are only two ways in front of Franz: either to save these enterprises with his own funds;

There is no doubt that neither path is a good choice. "Investment" is easy to say, but it is definitely tears when it is done.

You must know that this is not one or two companies, but thousands of companies want money, and Franz's wealth is so rich that he can't afford such a prodigal.