Chapter 12: Capital feast
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Bulgarian Empire
- New Sea Moon
- 1421 characters
- 2021-03-03 10:27:50
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makes me seem to have committed some heinous crimes, and a convenient friend can help me rate it.
The panic buying wave started, and Ferrantz sent someone to release the rumors that prices were going to rise.
This is justified. Vienna has always been the most expensive place in the Austro-Hungarian Empire. In the past six months, prices have been lower than in other regions.
Everyone knows that this is abnormal. Capitalists are not philanthropists. This situation cannot continue.
The citizens of Vienna believe it. The good days have just passed half a year, and it is about to end now.
Naturally, it is going to be rushed. Before dawn, there are long queues in front of the supermarkets in Vienna, and a panic buying trend is coming.
Volvo, which had been prepared for a long time, naturally transferred a lot of goods, such as daily necessities that can be stored for a long time, naturally they are out of stock. The preparations are mostly handicrafts for short-term consumption, such as bread and various snacks.
was quickly sold out. Volvo's service staff opened the warehouse. Everyone saw that there were no necessities for daily life. Naturally, it was not the target of ordinary citizens to snap up.
Then they left one after another and swam to other supermarkets. Soon many supermarkets were emptied. Looking at the empty shelves, many capitalists wanted to cry without tears.
You must know that most supermarket purchases are made on credit, usually on a monthly basis. It is normal to be in arrears for six months and one year.
are selling at a loss now, the more you sell, the more you lose, but the debt is indispensable.
If you have the strength to continue to operate, then in order to retain customers, it is okay to be in arrears for a period of time. If you want to close the door because of a serious loss, then it is no wonder that they are falling apart.
Kotfei, who had just got out of the predicament, was hit again. The hoarded goods were sold out, an embarrassing situation appeared, and there was no stock to sell!
The Vienna retail industry has been hit hard, and many capitalists are facing a problem, the capital turnover is not working well.
Department stores sell more and lose more money, and the clearance payment is not enough to pay the manufacturer’s arrears.
was forced to have no choice but to raise debts. The banks in Vienna would naturally not let go of this capital feast. They took advantage of the fire and robbed them and fell into the pit.
Even worse, the small capitalists are facing the danger of insolvency. Many people donate directly and run away. Anyway, in those days, there was no ability to chase the dirt across the border.
is also implicated in the production and manufacturing industry. Many factories have been hit by Chiyu and went bankrupt.
The capitalists who escaped the catastrophe are naturally unwilling to give up. Many people have a flash of inspiration, and they have created a mess of clothing city, restaurant city, and mechanical city, intending to win a vote to make up for the loss.
I thought that since the houses are all ready-made and can’t be transferred out, I just want to survive. With the popularity accumulated in the front, the forerunners naturally made money. The sequelae is that all sales industries have suffered.
There was a huge wave of bankruptcy. A large number of capitalists went bankrupt, one family was involved in another, and the number of unemployed people increased day by day. Vienna was in depression, and the economic crisis came.
The big financial elders who just slated for misfortune, may not be familiar with this kind of operation, first came up to eat a large piece of meat, and then choked on indigestion.
Holding a large amount of collateral in his hand, encountering a financial crisis, but unable to realize it, watching the depreciation day by day, I want to cry without tears.
then spread to the stock market. Due to the lack of funds in the market, the stock market began to plummet, and countless wealth was evaporated.
The financial crisis in Vienna soon spread to the entire Austro-Hungarian Empire. A large number of companies went bankrupt, workers were unemployed, and society was in unrest.
Bank deposits also began to flow by a large margin, and finally a small bank named Boston drew up and went bankrupt.
Due to improper handling by the Austrian government, a run has started, and more banks have been implicated. Many of the previously insufficient funds have now followed in Boston's footsteps.
At this time, the Austro-Hungarian Empire finally knew it was going to save the city. On December 8, Murdoch Holman, Minister of Finance of the Austro-Hungarian Empire, held a press conference to announce the launch of the salvation plan.
Ferdinand knows that the harvest season is here, and the economic development of the Austro-Hungarian Empire is still very good. As long as there is sufficient capital injection, the financial crisis will soon pass.
Taking advantage of the downturn in the stock market, Ferdinand gave full play to buying, buying, buying many valuable companies at the price of cabbage. It also took advantage of the trend to take a stake in Skoda and became the second largest shareholder.
Of course, the current Skoda is not powerful enough for later generations. Its real outbreak began in 1899 and reached its peak in 1937. Artillery production has surpassed the entire British Isles. Ferdinand just laid out ahead of time.
, the Cote Flight department store, which has long been a favorite of Ferdinand, is naturally inevitable.
Ketefei Department Store suffered heavy losses in the retail sector first. After the financial crisis broke out, the bank drew in advance, which gave him another fatal blow.
The £200,000 loan that was once sent by Hungarian capitalists is now a reminder for Kotfei.
Since the fame of the street, the goods purchased by Ketefei Department Store have been required to cash, which has taken up a lot of funds.
Now that the bank drew the funds in advance, the chain of funds was broken, and Kotfei Department Store was unable to recover. UU read www.uukanshu.com insisted, and the Herder family finally decided to give up.
After all, they are the fuse that caused the financial crisis, and most of them will hold the basin on their heads. It is not a good scapegoat.
Sell the company now, and everyone can make a share. The key is that Ferdinand can give cash, and they can also use it to help other industries.
50,000 pounds in cash, plus assuming all the debts, Ferdinand easily merged with Cote Flight, a giant company valued at 800,000 pounds.
This kind of opportunity only appeared during the financial crisis, and a large number of companies went bankrupt. Everyone is busy with mergers and reorganizations, so naturally no one will compete with Ferdinand.
Ten years of hard work, less than one burst.
This time it explained this sentence very well, and Ferdinand made a lot of money. The harvest this time alone is enough for the Kohari family to struggle for ten years.
The occurrence of the economic crisis is still somewhat beyond Ferdinand’s expectations. The power of the butterfly effect is beyond his imagination.
As the butterfly effect ferments, the force of the prophet will become smaller and smaller. Ferdinand was a little panicked, he seemed to have to prepare a few more ways.
There is no need to consider the Austro-Hungarian Empire. Although this is the home base of the Kohari family, it is a pity that there is no future for development.
The Allies don’t have to think about it. Ferdinand is not yet confident that he can change the outcome of the World War.
seems to set his sights outside Europe, and it is also a good choice to go to colonial development. After all, many places are now blank, and there are no competitors at all. I probably still remember a few famous mines in the world, and I can be a mining tycoon no matter what.
Time is running out, it seems that the London line is going to advance, Ferdinand said secretly.