Chapter 1008: Conscience Bank

Unlike the sticks who fear the world will not be chaotic, as a pacifist, Franz has always been the most disgusted with chaos.
Seeing that the European continent is about to become chaotic, as a responsible European hegemon, Franz knew he should do something.
In essence, the turmoil in Europe is due to the economic crisis. Artificially delayed the outbreak of the crisis, but failed to do a good job of follow-up flood discharge, so that the situation became out of control after the crisis broke out.
Past economic crises are usually caused by one or two of economic policy errors, currency supply and demand imbalances, overheated investment, stock market bubbles, excess debt, natural disasters, financial turmoil, overcapacity...
This economic crisis is different, except for natural disasters. The consequences are naturally unprecedented.
Governments of all countries have no experience in coping with such large-scale economic crises. They have adopted a laissez-faire attitude and watched the situation deteriorate to the present level.
According to the information collected by the Vienna government, after the outbreak of the economic crisis, unemployment rates in various countries have experienced explosive growth.
Although they are sending migrants overseas to ease the pressure on domestic employment, immigration is not an easy task.
Shenluo has rich experience in immigration, and a large group of noble lords are rushing for important people. The one-stop service is proper, and even countries with the entire German-speaking cultural circle will benefit, and they will be arranged from beginning to end.
Other European countries are different, and not every nobleman is a linguistic hegemon, and immigrants who do not understand the language and culture dare not want it.
There is no team to take the initiative to attract people. Immigration mainly depends on the people's initiative. Even if the government provides convenience, not many people leave. Even more tragic is that most of the people who ran out were middle-class people. Ordinary people couldn't even afford the ferry tickets to the colonies, and they depended on their relatives and friends to piece together.
In this context, the progress of immigration is naturally not fast. If they were all like Shinra, and someone would come to attract people as soon as they were unemployed, where would there be any revolutionary risks?
Getting rid of the economic crisis will not happen for a while. It is also not possible to open the link, and the natural regulation law of the market must be observed. Relying on policies to forcefully stimulate the economy can only alleviate urgent needs and will leave serious sequelae.
Since the problem cannot be solved, solve the person who caused the problem. Regardless of the crises of those little brothers, in fact, not many of them have problems.
If you count it, you will know that the total population of the seven states in Italy is about 15 million, Greece has more than 1 million, Belgium now has more than 4 million, and Switzerland has about more than 200. Ten thousand people, Spain’s population is at most 18 million, and all together it is 40 million.
According to this population ratio, the number of young people of the right age with a labor force is no more than 20 million, and the actual number may be even smaller. Even if the unemployment rate is as high as 20%, only 4 million people are unemployed.
The unemployment rate cannot be higher. Except for the slightly higher degree of industrialization in Belgium, the rest are agricultural countries. The industrial population accounts for less than 30%, so you can't be completely unemployed, right?
Even if they are unemployed, not everyone is facing difficulties in life, and immigrants do not need to worry about running away. Those who are slightly wealthy and able to survive the economic crisis also don't need to care.
Taking into account the actual situation, as long as the employment problem of three million of them is solved, the social order can be initially stabilized.
Franz certainly does not have jobs, but it doesn't matter, there must be a colony of the Shenra Empire. So many noble lords, even if they help them build castles, manors, and farms, they can create three million jobs.
Not hiring overseas labor does not mean that the noble lords do not want to hire. The key is that they cannot speak the language and cannot flexibly command.
For individuals, this is a big trouble. But for the government, it is not a problem. As long as it can be managed uniformly, it is a good choice whether it is for language training or language translation.
You don't even need the government to come forward and let the labor dispatch company go out. We must know that in recent years, there have indeed been several labor dispatch giants in the Shenluo Empire.
It has provided tens of millions of laborers to the American continent, made outstanding contributions to the economic development of the Americas, and accumulated rich experience in labor dispatch.
Now that the American route has not been done, these guys have been exported to domestic sales, constantly organizing immigration from the European continent to colonies, and getting commissions from the noble lords.
Frankly speaking, if it weren't for Franz, the boss, the fief and nobles of Shenluo would definitely not be as generous as they are now.
Territory construction is very costly. Although the nobles are quite rich, if they don't know the plan, it is easy to go bankrupt.
In order to help everyone build their territories, Franz hired aristocratic children who had experience in building territories to act as their territory development consultants and help them formulate development plans based on actual conditions.
This is obviously not enough. In addition to the development plan, there are bank loans with sufficiently low interest rates. Compared with the commercial loan interest rate of more than ten points or dozens of points on the market, the policy loans provided by Royal Bank only accept two symbolic points.
It is really symbolic. There are no additional conditions. Only two points of interest are charged. Even the operating costs are not enough. There is no profit at all. It is not an exaggeration to say that it is doing charity.
In fact, the special attributes of Royal Bank since its establishment have determined that it cannot pursue high interest rates and high returns like ordinary commercial banks.
Therefore, the Royal Bank has never accepted ordinary commercial loans, only international loans, or policy loans, and the interest rate has never been higher.
Of course, except for the royal consortium. Your own business can still get preferential loans from the Royal Bank, after all, the emperor also has to eat. For the reputation of the royal family, the Royal Bank does not aim for profit, but it did not say that it cannot make money indirectly through other channels!
Including the provision of low-interest loans to the nobles, it seems that there is no benefit, but in fact the hidden benefits behind it are extraordinary.
Had it not been for Franz to be the emperor, such a deal would not be his turn. The loan is indeed inconspicuous, but behind the loan is the economic lifeline of many fiefdoms in the Shenluo Empire.
Franz can see it, and other people can see it naturally. As early as the beginning of the division of the nobles, capitalists who were unwilling to be lonely intervened, but these people ended up not very well.
There is no way, the nobles of Shenluo are all killed with one shot. If you want to control the lifeline of others through economic means, what is it not to seek death?
Especially a bunch of guys who dreamed of occupying the magpie's nest through the loan trap, now all the graves are growing grass. It doesn't matter if you play with the contract, as long as you can play with the gun.
It is no joke that the fief nobles are equal to the princes. When they are on their turf, if they want to turn their faces, how can a few capitalists be able to turn their faces?
It is a tradition left by our ancestors to not pay the debts. As long as you open the history book, you will know that it is never new to kill the creditor without the money.
The Royal Bank can do this business because Franz is the nobleman's lord, and the loan interest provided is very low. It can completely announce to the public that it is helping the younger brother through financial difficulties, fame and fortune, it does not exist. trouble.
Others will not do it, and it will be difficult for anyone to come. The predecessors have set an example. There is no problem with borrowing usury. No matter how harsh the loan conditions are, they dare to sign, as long as the creditor is killed afterwards.
It doesn't matter if you can't do it. In their own territory, the lords have the right to make laws and taxes, as long as they don't contradict the laws of the central government.
For example, some lords enacted the "Law of Usury Debt Exemption Law", and they directly stipulated in accordance with the legal situation that all commercial loans with loan interest exceeding 8% are not protected by law.
It fully complied with the constitutional spirit of the Shenluo Empire, except that one of the criteria for the identification of usury was removed. Then the standard interest rate of usury fell from 48% to 8%, and the debt was legally relied on.
As for the spirit of contract, it cannot be eaten as a meal. As long as the morals are put aside, the capitalists have nothing to do with these princes and kings who can make rules.
learn from mistakes. With the lessons of the martyrs' blood, the bankers have learned to be smart and put these princes and kings on the loan blacklist early.
Even if the commercial bank really wants to lend, it will have to return to the local area to sign the loan contract, and even the collateral must be in the local area, just for fear that these guys can't pay the debt and set the table.
Excluding potential political gains, low-interest loans can actually be profitable, but this time period needs to be extended to 20 to 30 years, or even longer.
Royal Bank does not accept personal commercial loans, nor does it not accept personal deposits. Regardless of how poor these noble lords are now, once the territory develops, all of them will be big local tyrants in the future.
With these people's deposits, Royal Bank is the bank with the most abundant cash flow in the world in the future, and there is no one.
Otherwise, the two points of loan interest are talented, especially if you have to open branches in the colony. Even if you have the support of the central bank, it is a proper loss project. The same goes for the political gains to be transferred to state-owned banks.
According to the public financial report of the Royal Bank, only the overseas colony branches operate and lose millions of Aegis every year.
Had it not been for value-added services such as agency issuance of bonds and listing and financing of companies, the world's top ten bank would have occupied the top of the World Bank's loss list for many years.
Making money has the benefit of making money, and not making money also has the benefit of not making money. A Royal Bank, which is not profitable and often loses money, has also gained enough reputation for Franz.
Even though the size of the bank’s assets has been steadily expanding since its establishment, its unprofitable nature makes people unable to even feel jealous.
Of course, this is just the thinking of ordinary people. Those who play finance have long been jealous and blush. Only they know the most about the potential benefits that a bank with sufficient cash flow can bring.
Jealousy is also useless. On the surface, the Royal Bank is doing charity. Once it produces "profit", in addition to filling the previous financial losses, the excess is taken by the emperor to do charity.
Compared with all the banks on the market, Royal Bank is a model of conscience in the banking industry. This will all be blamed, and other banks will not be able to survive.
In a sense, the Royal Bank also acts as an "intelligence organization", monitoring every move of the colony.
Although it is impossible for the nobles to know what to eat at every meal, the general development of the colony can still be clarified.
Which guys are safe, which guys are ambitious, which guys want to do things, are all documented.
The prime minister can hold a boat in his belly, and Franz has a good mind. As long as these people don't challenge his bottom line, then it's a good match between the monarch and the minister; if they cross the line, then no wonder he is the emperor cheating.
Yes, it's cheating. In the context of European society, as long as the nobles did not commit serious crimes, the emperor had nothing to do with them.
Even a powerful emperor like Franz could not convict people before they did something. What the emperor can do is to put on small shoes for others, or dig a few holes in the front.
Wearing small shoes for people is too untechnical and easy to criticize. In contrast, digging a hole in the dark is much more comfortable. Many people fell into the pit and were buried without knowing who did it.
It's just that this kind of treatment is not something ordinary people can enjoy. Ordinary little nobles, unless they raise the flag to rebel, otherwise they won't be able to get Franz's eyes.
Franz has seen a lot of dead nobles, and he has never encountered anyone who raises the flag directly to rebel. The most brain-dead is just joining the Revolutionary Party. "The prince and general Xiangning is kind", this slogan is really no one shouted.
In line with the concept of being helpful, Franz decided to give his brothers a hand. Anyway, the colony is now short of young and strong labor, and the nobles are fighting for people.
Franz does not dare to absorb millions of foreign immigrants at one time, but there is no pressure to provide millions of temporary jobs.
I am not afraid that the nobles will refuse, the rare cheap labor, once passed this village, there will be no more this shop.
Now is the most severe period of the economic crisis. The average salary of European workers has fallen to the lowest point in ten years and is still slowly falling.
Don't think that Lanxi mercenaries can get a high salary of about 15 Aegis per month, but that is money for life during the war and needs to be worked hard. Even if the average worker goes to the colony, his salary cannot be as high as that.
According to the current market conditions in the labor market in continental Europe, hiring a young and strong labor force to open up wasteland in Africa can be done by including food and housing for 5 Aegis per month.
Taking into account the uneven income of the people of various countries, some poor countries can also hire people as long as they provide simple food and lodging and a monthly salary of 3 Aegis.
Such a cheap labor force is totally unimaginable in the Holy Roman Empire. Without doubling the salary, hiring someone would be a joke.
Affected by the Great Immigration Policy, the labor cost of the Shenluo Empire has risen to the highest level in Europe without knowing it, and it keeps pace with Britain.
"Cheap" labor, that has become history. If it hadn't been for the development of the industries of the Shenluo Empire, the high labor costs alone would be enough to kill all labor-intensive industries.
The labor cost is determined by the economic level and the market supply and demand relationship. The labor cost in Shinra is high, and the labor cost in the colony is even higher.
Without a high salary, who wants to go to the bumps?