Vol 5 Chapter 49: Congress that refused to vote

In St. Petersburg, Nicholas II has not been in a good mood for a long time. He has experienced a series of blows. Now he has matured a lot, at least he can suppress his anger without breaking out at any time!
But seeing the telegram from Sofia, he couldn't help getting angry. From the point of view of Nicholas II, the Bulgarian government is undoubtedly taking advantage of the fire, and it even hit seven inches above the Russian Empire!
Nicholas II's life is not easy now. Many of the reasons are driven by money. The long-term war has destroyed the economy of the Russian Empire.
The economic situation is not good, and the government's fiscal revenue is naturally not high. In addition, the previous attack on capitalists has confiscated many factories, learned Bulgaria’s successful experience, and then added a bunch of state-owned enterprises.
It is a pity that they only learned superficial skills. Instead, they brought in the system of the tsarist government. Not only did these companies not bring him profits, but they have been in a state of loss.
In order to keep employment, Nicholas II also had to grit his teeth to prevent these enterprises from going bankrupt.
In this loan negotiation, Nicholas II VI wanted to use these companies as a mortgage, but it was a pity that the Bulgarian government was not fooled at all, and he had a brainstorm for the land!
A Bessarabia was not enough, and he focused on the Crimean Peninsula, making Nicholas II very embarrassed.
From a rational point of view, the current Crimean Peninsula has also lost its original value. It is impossible to rush from the Black Sea to the Mediterranean. It is better to sell it for money!
But emotionally, abandoning the Crimean Peninsula is equivalent to abandoning the Black Sea. You must know that for the Black Sea, the Russian Empire has fought the Ottoman Empire for hundreds of years, and the centuries of achievements have been lost in this way. It is really unacceptable!
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The Sofia Parliament Building, the ten-year plan review meeting is still going on, and now we are discussing economic and financial issues. Bulgaria has developed to the present and only three banks are too few.
Many people know that the government must open up capital to enter the banking industry, otherwise the monopoly position of the three major banks will become more and more consolidated over time, not unlike the domestic economic development.
The host Rolex Dodd stepped onto the podium and said: "Today's topic is finance. Everyone knows that there are only three banks in Bulgaria. Many people outside are criticizing our banking monopoly.
This problem must be resolved. The government planned to carry out financial reforms a few years ago, but the financial tragedy initiated by the Russian Empire delayed the process.
Everyone knows the civil war in the Russian Empire and has heard of the financial crisis that triggered the civil war, but few people know the ins and outs of it in detail.
From what we know, the financial crisis of the Russian Empire was man-made. The reason is very simple. The world war has made many Russian capitalists rich in war money, but people will not be content.
The appetite of the capitalists is getting bigger and bigger, and finally they have penetrated into various industries. In order to obtain high profits, they will sell substandard products to the market to be shoddy, and military weapons have become disposable items. The main reason for the failure of the Russian Eastern Front.
At the same time, in order to obtain high profits, they are hoarding, and the artificial manufacturing market is out of stock. For this reason, they do not hesitate to pour milk into the river and treat the grain as garbage.
These are all solid evidences. They have happened in central Siberia and southern Caucasus, and reporters have taken photos, which caused a sensation in the world at that time.
The wanton behavior of the capitalists finally attracted the suppression of the tsarist government. In order to retaliate against the government, they launched this financial war.
Bankers in the Russian Empire deliberately caused accidents, and then declared bankruptcy using this as an excuse, squandering the money of depositors, and finally triggered a nationwide financial crisis.
The aftermath of this financial crisis was the collapse of the powerful Russian Empire, which is now split into three governments.
Lessons learned from the past, we dare not forget that this happened and our financial reform was delayed. After all, the safety of funds comes first.
The three major domestic banks are at least impeccable in terms of their reputation. The government has not collected their deposits. Each of their banks has hundreds of tons of gold lying in the treasury. These are the best deposits.
Therefore, the financial reform plan formulated by the Bulgarian Ministry of Finance fully takes these factors into consideration. For the safety of depositors’ funds and the country’s financial security, we have raised the barriers to entry, which is higher than that of all countries in the world. A lot!
Article 1. All banks that are fully operational in Bulgaria must pay 200 tons of gold as a guarantee. If the bank wants to leave, the government will refund it after the liquidation;
Article 2: The flow of funds of banks must be supervised by the government, and large capital outflows must be reported to the government;
Article 3. The instigation of the bank must be a citizen who has lived in Bulgaria for a long time, and his social contribution shall not be lower than the social average level, and he shall hold a large amount of fixed assets in Bulgaria. The spouse and parents of the children must also be long-term residents of Bulgaria;
Article 4. Foreign banks conducting business in Bulgaria do not require the identity of shareholders, but they must ensure good reputation and submit a deposit of at least 300 tons of gold to the government;
Article 5. The presence of foreigners in the bank’s shareholders is regarded as a joint venture bank, which will be subject to the dual constraints of the foreign bank management law and the local bank management law at the same time;
Article 6. Any stocks and securities issued by banks must be responsible for their authenticity. In the event of problems, the banks will bear joint and several liabilities;
..."
Where is this strict? It is clear that no newcomers are allowed to enter. Given this series of conditions, how many are capable of opening a bank in Bulgaria?
It can be said that as soon as this news is announced, those who are gearing up for a big fight will be disappointed. With so many restrictions, still want to fish in troubled waters?
Yes, pay the gold first! With the current ratio of currency issued, the banknotes printed out of two hundred tons of gold are enough to fill the holes made by the bank.
After a pause, Rolex Dodd said again: "Now, if you have any questions, please raise your hand! ~ ~ The first gentleman on the right hand side of the third row, please speak!"
The named congressman stood up and said, "Dear Mr. Harrow, I want to know how many consortia are eligible to open banks based on the restrictions set by the government?
If there is no family, is it necessary for us to set these conditions? Isn't this the government deliberately setting restrictions to protect monopoly? "
Finance Minister Haro Gilsmo replied with a smile: "This gentleman, please pay attention. There are several banks that meet the requirements for opening a bank. This is not important. The Bulgarian government serves all citizens, not a consortium. !
Secondly, is this the government deliberately setting restrictions? The question is very simple. Without these restrictions, can we guarantee the safety of depositors’ funds?
The purpose of the Bulgarian government is to give priority to ensuring the interests of all the people, not for the interests of a certain interest group or individual, and to ignore everyone's interests!
For ordinary people, it does not matter how many banks have more and fewer banks, the most important thing is safety! If you can't guarantee the safety of depositors' funds 100%, don't worry about such a bank! "
There was thunderous applause. For most people, they don't care about the number of banks, but the safety of funds must be considered.
The man continued to ask: "Mr. Harrow, can't the government monitor funds to ensure the safety of depositors' funds?"
Harold Gilsmo thought for a while and said: "It's not impossible, but the cost is too high, and it is not worth the loss. If the government is to supervise, we must supervise every business of the bank.
In this way, how many employees the bank has, the government has to arrange the same number of employees to follow. I think if this is the case, what else does the bank do?
It is better for our government to do all these things and waste less human resources! "
Nothing wrong, why did the neighbor next door make such a fierce noise? Almost no one in Bulgaria knows, no one knows, everyone is very concerned about the safety of bank deposits.
To ordinary people, these ins and outs are bullshit. They only know that bankers are greedy and swallow depositors' money.
And these new Russian immigrants are the victims and the best propagandists. They blacked out these people. So when the financial system was released, the biggest obstacle was not from domestic banks, but from the vast majority. Bulgarian people are opposed!
Therefore, influenced by this thought, the bank bill introduced by the government is of course no matter how strict it is. I never thought that there would be banks all over the street.
Rolex Dodd said again: "Well, now everyone has no objections. This bank reform draft has been passed. After the amendment is completed, it will be sent to Congress for approval again.
Now we come to the next question, whether to fully open the stock market, the government is also very confused on this question.
The stock market can raise funds for companies and accelerate their development, but the stock market itself cannot create wealth, which is virtual wealth.
And this wealth is really vain, vain to be a millionaire today, and a millionaire tomorrow!
This is inconsistent with Bulgaria’s traditional philosophy. Get for nothing has always been the greatest enemy of mankind, and the stock market has maximized the ‘get for nothing’!
Therefore, the government decided to leave it to the Congress to decide. The time has come for all members to decide the future destiny of Bulgaria. If you agree or disagree, please vote for the most important thing!
Before voting, you can also raise questions if you have any questions. Our Minister of Finance, Mr. Harrow, will answer us. Now please raise your hand! "
After a pause, Rolex Dodd said: "The third gentleman on the left hand side of the second row, please ask!"
The man stood up and said cautiously: "Dear Mr. Harrow, I think it is too irresponsible to leave the decision-making power on this issue to us. Less than 5% of them understand.
With our knowledge level, it is really difficult to make the right choice. Among the people who know it, it is very likely that they are practitioners in related industries. For their own interests, they may also make decisions that violate their conscience. Therefore, I think it is better for the government to make a decision on this issue! "
Finance Minister Harrow Gilsmo was dumbfounded, and the host Rolex Dodd was dumbfounded. Even Ferdinand was dumbfounded in the background. Is there such an operation?
It is estimated that it is the first time in the world that a member of Congress refuses to vote because of insufficient knowledge and transfers this right to the government!
Before they could react, thunderous applause rang out again in the conference hall, and the congressmen had already expressed their attitude with practical actions.
We don't understand this question, so we won't vote!
Finance Minister Harrow Gilsmo thought for a while and said: "Well, this is our work error. The stock market is a familiar and unfamiliar matter for us.
We often see it in news papers, but not in Bulgaria! In fact, as early as the last century, Bulgaria had a stock market and a stock exchange.
It was only later that it was closed for various reasons. If the older generation who had bought stocks in the past, they probably knew that they would be fooled.
I haven't explained the specifics for a while, but everyone knows one thing. It's not profitable, and all the actions of capitalists are for profit!
Can buying stocks make you rich? I can only say that some people can, but most people cannot!
The biggest problem now is that opening the stock market is somewhat contradictory to our traditional culture. In my personal view, the opening up of the stock market can charge more taxes and speed up Bulgaria's development. At the same time, our moral standards will also decline! "
After that, Harrow once again gave the decision to the Congress. The stock market is a big pit. It is good that no economic crisis has erupted. Once an economic crisis has erupted, I don’t know how many people will be bankrupted!
The Bulgarian government dare not recite this pot, not to mention Ferdinand. He knows the pros and cons of the stock market better than anyone. If it were not for raising money, he would not agree with the government to raise this issue.
Now he doesn't have to worry about it. It seems that the Bulgarians are still very resistant to this kind of virtual economy. Most of the Congress can't pass it, so all aspects can be explained.
If domestic and foreign capitalists want to scold, just scold the Congress! Of course, it's useless to scold, because Ferdinand secretly influences and controls them, and they do not allow anyone to collude!
Therefore, the Bulgarian government prohibits the collusion between capitalists and members of parliament. That is to catch one and kill a nest. The weak bourgeoisie in Bulgaria still dare not come out.
Seeing that the venue fell silent, Rolex Dodd said again: "Congressmen, do you have any objections?
The second old gentleman in the first row, please ask! "
The old man stood up and said angrily: "I propose to permanently ban the stock market in Bulgaria. We can't ask for this unearned money!"
In the background, Ferdinand rubbed his forehead. Don't be so radical. Is the power of traditional culture so strong? Or is the victim of the stock market crash still fresh in his memory?
Rolex Dodd thought for a while and said: "If the old man wants to propose a proposal, at least ten or more members of Congress are required!"
As soon as the voice fell, someone stood up and said, "Can you count me as one?"
As more and more parliamentarians took up, they expressed their attitude. Seeing this, Rolex Dodd had to shout: "Stop! The number of proposals is enough, and it is time to vote. Since this matter violates the relevant procedural provisions, I want Please show your majesty the great king whether this proposal is valid!"
Ferdinand said lightly: "The proposal is valid~EbookFREE.me~You can vote!"
Although this violates the detailed rules of the Congress proposal, it will not affect the final result. Ferdinand does not intend to change the result of the vote, so why delay time?
After hearing Ferdinand’s answer, Rolex Dodd immediately announced:
His Majesty the Great has approved this proposal, and now it is time to vote!

The result is self-evident. In the face of morality and money, lawmakers did not hesitate to choose morality. It is impossible for the stock market to appear in Bulgaria in the short term.
It is Bulgaria’s national policy to crack down on the likes, rest and evil, and they will not allow anyone to destroy it.
Unknowingly, the Bulgarian bourgeoisie was pitted by Ferdinand again. This issue was thrown out in advance. Under the traditional power, it was almost 100% rejected!
After losing the stock market as a fast financing channel, it is not so easy for them to develop and grow quickly.
Not everyone has a bank in their hands, they can raise funds through the bank, and don't need to play the stock market! Those who can play in this way in Bulgaria become the exclusive of Ferdinand, and the capitalists have to choose whether to work for the country or the king!
Anyway, even if the banking industry is opened up, the monopoly structure has not changed. Local capitalists are not capable of establishing banks, and foreign capital is restricted too much. It is better to invest in other industries!
Well, these are all Ferdinand's thinking. In fact, Bulgarian capitalists are not interested in going public. They still don't want to turn the companies they have built into someone else's.
Even if they can still become major shareholders, many people still intend to become family heirlooms and pass on from generation to generation. Family businesses are the mainstream of this era!
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