Chapter 1010: Imprint

"Money, money, money" has become the curse of European governments. "1.2 billion" is not "12 yuan" because the previous war emptied the national treasury, and even the Vienna government could not raise so much money for a while.
There is no way, assets and cash are two concepts. It is a myth to withdraw 1.2 billion Aegis without affecting the normal operation of the economy.
Whether it is borrowing from banks or issuing bonds, they are reducing the liquidity on the market. Once the market's endurance limit is exceeded, the normal operation of the economy will be affected, and the economic crisis will be aggravated.
One of the essence of the economic crisis is the uneven distribution of social wealth, which is excessively concentrated in the hands of a few people. The ordinary people have clean pockets and lose their purchasing power. Naturally, problems will arise in the economic cycle.
The most ideal state is naturally to let the rich spend their money to activate the economic market. As long as the money flows, the economic crisis will not exist.
Obviously, this is impossible. Even if a hundred years later, there is no way to solve the problem, Franz does not think he can solve it.
In a sense, supporting the nobles to build overseas fiefdoms is the greatest policy stimulus. The only regret is that the emerging military aristocrats have too short a fortune, and most of them are not so wealthy.
In addition to the noble group, there is also a large capitalist who holds a huge amount of wealth. These people's pockets are even harder to dig out, all of them are ghosts and ghosts, just waiting for the bottom of the crisis after the crisis.
Unless you use the knife to make it hard, otherwise these guys who want to maximize their profits won't pay for it.
There is nothing to blame, the pros and cons are the essence of human nature. Those who are truly selfless are saints.
No one is more noble than anyone, most people will make the same choice when transposed, including Franz is no exception. Naturally, I don't expect others to be able to do things that I can't do.
"How to solve the funds?"
Franz doesn't care about the specific rescue plan. The plan that can be accepted by governments of various countries must weigh the results of the final game of interests of all parties. As for whether it is the best solution, you can only ask God.
In contrast, the funding gap is the key to the problem. Franz couldn't be more clear about Shinra's family background. Half of the funds can be solved because of everyone's cooperation.
The remaining gap can only be found in the financial markets of European countries. If it was not difficult a year ago, it is a pity that this is the time of economic crisis, which happens to be the time when the market is short of money.
Take Franz himself as an example. Without counting the real estate such as land resources, his net worth was as high as 14.6 billion at his peak, which is well worth the enemy. After the outbreak of the economic crisis, it has shrunk by 54%.
There is no way, the stock market is such a magical place. Even this is the result of insider information, early withdrawal, if you are slower, you can refer to the technology concept stock market.
Anyway, it was all tears, and the froth that Franz created with one hand, the bitter fruit naturally can only come from himself... it's not the leek to swallow it.
This is the price of technological advancement. If it weren't for a bunch of listed companies to continue to raise money and burn money, Shenluo's technology would not have rushed to the forefront in the second industrial revolution.
On average, the Shenluo Empire has invested as much as 80 million Aegis in technology research and development each year in the past 30 years; if the time is shortened to the last five years, this figure has reached an astonishing 210 million Aegis.
Except for financing from the capital market, which is shared by all investors, no institution or individual can support this expenditure.
Investment and return are proportional. More than two billion funds have been smashed. Aircraft, tanks, and battleships have all come out. There are countless civilian facilities. Humans have also entered the era of electric power and internal combustion engines ahead of time.
The tragedy is that like many investors, Franz became poor. Of the thousands of technology companies in hand, fewer than 50 can make money. Except for the more than 200 that have entered bankruptcy and reorganization, the rest are continuing to burn money.
Although the company's operating costs have been compressed and the money burning has been slowed down, in sum, there are still tens of millions of Aegis losses every month.
When the market environment is good, some of the capital is willing to accompany it to burn money. Now the market situation has deteriorated. The "cut leek" company originally raised by everyone can only be carried by Franz himself.
If the company goes bankrupt, it will be difficult to re-establish the brand in the future. After all, no matter how good the story is, it is also a failed project, and investors will definitely not be so happy to pay for it.
It's different if you stick to it. As long as you survive this wave, some capital will enter the market later. If the intermediate technology breaks through, it will be even more profitable.
With so many oil bottles in his pocket, Franz must keep it first, even if there is money in his pocket. After all, these are high-quality projects in my hands, although they may be a bit ahead, they are also the future of the world.
Franz's life is not easy, let alone others. Anyone who is engaged in the real economy and wants to do something about a business now counts as one, and they are all storing grain for the winter, and no one dares to arbitrarily use precious funds.
Those who really have a large amount of idle funds are still playing finance. Sometimes Franz even wants to draw a salary from the bottom of the tank, and directly nationalize the bank, knocking these guys out.
Of course, this is just thinking about it. If Shenluo's financial capital power catches up with Britain, then Franz may really be tempted to overturn the table.
The problem was that Shenluo's financial capital was already limited, and he jumped into the technology pit dug by Franz, and was almost buried when the stock market crash broke out.
Of course, such a good thing is also in this wave. learn from mistakes. When the next wave of market starts, it is estimated that the main player in playing technology will be replaced by retail investors. After all, this success rate is really touching.
Everyone has no money, so where did the money go?
The answer is simple: the pot of war. The European War led to a massive outflow of Shenluo's wealth. After more than 20 years of entering the Supermarket, he could not withstand the consumption of a war.
The post-war market prosperity was supported more by virtual credit than real currency.
This is also the main reason why Franz wants to fight for currency hegemony. Only when Aegis becomes an international settlement currency can we avoid the embarrassment of emptying the family in a war.
Prime Minister Carl: "Your Majesty, the current financial market is not suitable for financing. The only way to solve the financial dilemma is to increase leverage and issue more currency.
Our reserves are relatively abundant, and the leverage ratio of Aegis has always been low. The Ministry of Finance has calculated that as long as the Aegis issuance leverage ratio is increased to the pound level, it will be able to issue an additional 830 million currency.
If there is a joint endorsement of European countries, even if it is a one-time additional issuance of 1.2 billion, the market can accommodate it. "
As a rising star, Aegis wants to defeat the British pound to become an international currency, and naturally has its own advantages.
Before the end of the European War, the Shenluo was not unified, and it was even more than a thousand miles away from the world's hegemon. Its international status was far behind that of Britain. Aegis could only gain market recognition by relying on its "low leverage ratio" and "stability".
It just so happens that Shenluo is the world's largest producer of gold, and its output is more than the following two, three, four, five, six and seven combined, which provides a sufficient margin for the government's currency issuance.
Knowing that, Franz was stunned by the government's solution. If you are short of money, you will "print the ticket". It seems that there is nothing wrong with it, but the actual problem is too serious.
Now maybe in the 19th century, the style of painting has suddenly changed to the 21st century, and it seems abnormal no matter how you look at it. But for the moment, it seems that "printing tickets" is really a good solution to the crisis.
In addition to printing banknotes, the expansion of navigation is bound to happen. But it is not the same if European countries endorse together, which is equivalent to the whole of Europe helping to digest inflation.
One-time printing of 1.2 billion more, the average amortization of the European world per capita, less than one month's salary. At this point, the money flows into the market, even if inflation occurs, it will not be too much.
As long as the Vienna government has sufficient gold reserves and the Aegis exchange ratio remains unchanged, internal inflation will be digested over time.
The most important thing is that while solving the funding problem, it also promoted the pace of Aegis to become the world's currency. Once the crisis passes, the market's confidence in Aegis will reach a new height.
Franz thinks that the more he thinks about it, the more he thinks it is feasible. There is a saying: "As long as the speed of printing money is fast enough, the debt will not catch up with me."
After hesitating for a while, Franz asked: "How can countries recognize it? What if they make the same request?"
It is not Franz who is too ardent. Shinra can solve the funding problem by printing tickets. European countries can also print tickets to alleviate the financial crisis.
The governments of various countries are not fools. The Vienna government can ask them to endorse the currency value of Aegis, and then the governments of all countries will also ask the Vienna government to endorse their currency.
Everyone "printed, printed, printed" together. Franz couldn't imagine that scene. If the Pandora's Box is really opened, the gold standard is ready to stop. Gold production can't keep up with the speed of printing money.
Perhaps the French most want this to happen. Only if everyone prints and prints, can they hope to pay off their debts. It's best to be like France before, with billionaires per capita, so that the compensation can be paid off in minutes.
Prime Minister Carl replied confidently: "We can use interest-free loans and material assistance in exchange for the recognition of governments.
Now they have no choice. Although printing currency is simple, not everyone is qualified to do it. All European countries have their own shortcomings, and it is simply impossible to issue additional currencies at this time.
Needless to say, the ten countries that have gone bankrupt do not want to say that printing money means that they are not dying fast enough; Montenegro and Armenia do not have the ability to print money, and the money is all entrusted to our printing plants to print them.
The economies of the Netherlands, the Nordic Federation, and Spain are limited, and the printed currency will immediately trigger rapid inflation; the Russian Empire has enough economic volume, but the credibility of the tsarist government once printed the ruble becomes the second franc.
The ability of countries to resist risks is extremely limited, not only domestically, but also internationally. The printed currency will inevitably lead to a run on the currency, unless they can abandon the gold standard, otherwise they will simply not survive.
In this context, the only way they want to solve the financial dilemma is to borrow externally. Now we and the British are the only ones who can solve their funding problems.
If someone betrayed the European continent at this time and fell to the British, our knives are not vegetarian, just to kill the chicken and the monkey. "
Sure enough, there is nothing new under the sun. The abandonment of the gold standard after World War I in the original time and space is so similar to the current situation.
"Abandoning the gold standard" seems impossible now, but once you are forced to give up, you can't give up.
Seeing a leaf and knowing the autumn, if there is no such alternative as Shinra, it is estimated that the final result of this economic crisis will end with countries being forced to abandon the gold standard.
To be precise, some countries have abandoned the direct gold standard. The history is surprisingly similar, and this leader is France.
The French government had no choice. After the European War, the domestic gold was looted. The reserve gold for issuing currency is gone, how to implement the gold standard?
International loans are all banknotes, but no gold is lent. Although the French government has tried its best to overturn the cabinets, it has not raised enough reserves.
In the end, King Carlos, who was in a hurry, turned his heart out and directly borrowed an Aegis as a reserve fund, opening the indirect gold standard system.
The indirect gold standard can also be calculated barely, which is better than the direct credit standard. If you really want to play with credit currency, it is estimated that the French people will continue to follow the path of "billionaires".
Many things are easy to handle as long as someone takes the lead, and the same is true for currency-based systems. France was only the beginning, and several Italian states, which were newly independent countries, also embarked on the "indirect gold standard" path.
The only regret is that Belgium still continues the gold standard system.
There is no alternative. Although Belgium suffered heavy losses in the European War, the desperate resistance of the Belgian army bought time for the government to withdraw. The gold reserves looted were taken to Shinra by Leopold II.
As a ethical and well-educated monarch, Franz naturally can't do things that take advantage of the fire. Belgium, with sufficient reserves, will naturally continue to implement a more autonomous gold standard system.
Although regretful, Franz does not regret it. The replacement of gold by Aegis is not a matter of overnight, and if you take too much steps, it will be a mess.
At least you have to overstep it first to give everyone a time to accept it. For example: first realize the "Gold-Aegis" parallel standard system.
It is not difficult to achieve this. As long as Shenluo reduces gold exports, as the economy develops, countries will sooner or later suffer from insufficient gold reserves. When the time comes, it is logical to promote the parallel standard system.
After a long time, everyone is accustomed to using Aegis as standard gold. It is when Aegis replaces gold and establishes currency supremacy.
The plan belongs to the plan, and no one can guarantee success before it is completed. There are many similar schemes, or there are many alternatives, this is just a set that seems relatively easy.
I have to admit that the end of the European War brought tremendous changes to the Vienna government. In the past, when encountering this kind of thing, Prime Minister Carl put on small shoes afterwards.
It's obviously different now. First, the big hat of the European traitor was buttoned up, and then he was going to kill the chickens and the monkeys, a proper domineering style.
In fact, this was normal operation in the 19th century. The covenant has been concluded. At this time, moving closer to the British is a betrayal. The traitor must die without negotiation.