Chapter 1148: Great inflation

The good news continues, and there are many troubles that accompany it. If there are more allies, it is easy to go, and if there are more allies, there will be more disputes.
Originally, the internal contradictions in the Continental Alliance were great, but the situation became more serious after the membership was added.
Had it not been for the central reconciliation of the Vienna government, perhaps the great chaos in Europe would have been staged in the Americas.
Foreign Minister Leo: "Your Majesty, there is news from the Embassy in the Far East that the Japanese government has sent a representative to submit a letter of credence, requesting truce negotiations."
I have to admit that the Japanese people these years are really capable of bending and stretching. No neutral country dared to jump out to mediate, just find the door on their own.
Although in this way, the initiative in negotiations has been lost; but in the current international situation, the Japanese government has no initiative at all, and there is no such thing as loss.
What really needs to be extra is nothing but the illusory "face"; and the worthless "dignity" for the weak.
Although there are many members of the Continental Alliance, there are not many that have weight, and those who are willing to speak for the Japanese do not even exist.
In any case, the Japanese did offend the three big bosses. If you help at this time, who knows if it will get you offended?
The only option left to the Japanese government is to find a new owner to seek asylum before the British are finished.
Throughout the world, apart from the ability of the Holy Roman Empire, there is no second one.
Regardless of politics, even if there is a conflict with Shinra, the Japanese government can only bite the bullet and get together.
This was expected, but when it happened, Franz couldn't help but want to laugh.
In order to maintain the image of the monarch, Franz held back his smile, pretending to be serious, and said: "If you want a truce, stop the war. The Japanese treat this as a child's house.
Tell the Japanese that if they want to stop the war, they must show their sincerity, or they must lay down their weapons and surrender unconditionally. "
The word "sincerity" is probably the most difficult word in the world to understand. How to do it is sincere, I guess no one can answer it.
However, this is exactly what Franz wants to see. Only an ambiguous answer can avoid responsibility and leave enough room for maneuver.
Otherwise, once the news of "instructing the Japanese to kill the Russian troops in the Far East" spreads out, where should the face of Franz the Great go?
It doesn't matter if you pit your allies. Allies are used to pit them. But the pit ally who is in the flames is beyond the bottom line.
As the rule maker, Franz would not do this kind of crossing the line.
In contrast, let the Japanese understand by themselves, then no matter what happens, it has nothing to do with Franz.
The main thing depends on the outcome of the civil war in the Russian Empire. If Russia is split by chance, the Japanese have not shown sincerity and must be severely punished.
If the Russians survived the crisis, out of the need to check and balance the Russians, it would be fine to keep the Japanese pawn.
Of course, the prerequisite is that the Japanese killed the Russian army in the Far East and proved that they had the strength to contain the Russians.
Fortunately, only he knew Franz's plan. If the Japanese government knew the truth, it would have a nervous breakdown immediately.
What is even more tragic is that no matter how the mentality collapses, one must follow the established script.
Gambling on whether the Russians can survive or not, there is still a certain chance; if you refuse the content of the script, you will be completely finished.
Prime Minister Chandler: "The Japanese are just a small trouble, a rebellious agricultural country, and it's not worth our attention.
Including interest disputes between American allies is not a big deal, and it can be settled in a few moments.
The real trouble is the Americans and Russians. Although the United States has been divided once, the size of the United States is still too large.
No one knows how much they benefited from the British this time. Once they have digested the income, the future will definitely be a trouble.
The Confederate countries must also be vigilant. Although they are inclined to us in this war, it can be said that it is good to start a war against the United States, but it still hasn't really done it.
It was clear that he wanted to use the power of the alliance to expand his own power. If it is not contained, the future will be another scalded camellia.
Needless to say, the Russians have been a threat to the European continent for the past few hundred years, and they have been safe for a few years after the rise of the empire.
The tsarist government’s greed for land is endless. If they do not weaken their strength, I am afraid that the future European continent will not be peaceful.
Now is the best opportunity. Once this opportunity is missed, in the future they will collude with Britain and France, which are unwilling to fail, and that will be a big trouble. "
It can be seen that Prime Minister Chandler did not pay attention to the British. Before the end of the world war, Britain moved two positions from the Shinra threat list.
Relatively speaking, targeting the United States is fairly simple. Anyway, it's the enemy now, as long as they don't accept their defection, they can pull their allies to suppress them in an upright manner.
The most troublesome thing is dealing with the Russians. As a traditional ally of Austria and now an important member of the Continental Alliance, it is impossible for the Vienna government to directly attack them.
Not only can it not start, the Vienna government, as an ally, must also provide help to the Russians.
Even cutting off the supply of strategic materials has found an excuse for "prioritizing the supply of front-line Russian troops," or else I can't explain it.
This is the limit that the Vienna government can do. Supporting the national independence movement and assisting the Revolutionary Party is nothing at all.
"The issue of the Americans should be put on hold for the time being and will be dealt with after the war against Britain is over.
It is not convenient for us to directly intervene in the Russian problem, and let the Berlin government take care of it. "
Fortunately, the Holy Roman Empire still has Prussia, who is firmly anti-Russian. Otherwise, Franz doesn't know who should be the leader.
Although these small actions can't be concealed from the interested people; but as long as the Vienna government resolutely refuses to recognize it, it means nothing.
As for the anti-Russian behavior of the Kingdom of Prussia, it is an issue left over from history and has nothing to do with the central government.
...
The Vienna government is preparing for the aftermath, and the London government is also thinking about the future. At this point in the war, Britain has essentially lost.
With the continuous defection of allies, the supply of materials in the British Isles has become more and more difficult.
Now we should not only guard against enemy submarine attacks, but also worry about stabs from allies.
Once allies change camps, all of Britain's assets in the country will be wiped out.
In a sense, Britain's huge overseas investment is also one of the reasons why countries dare to change jobs.
The confiscation of these British assets not only paid a certificate to the Continental League, but also made up for a lot of the price to be paid. Some countries even made a profit.
The war has not yet failed, but the aftereffects of the defeat, the British have realized first.
The loss of a large amount of overseas assets has also suffered heavy losses in the British capital sector, especially in the financial market, and the stock market is directly cut in half.
Unlike the previous assets confiscated by the Continental Alliance, everyone was still thinking that after the war was over, they would be able to regain their profits.
The current situation is very obvious. Anyone with a little knowledge knows that the British Empire has lost the possibility of winning the war.
The most optimistic estimate now is that Britain can retreat completely after paying a certain price.
The stock speculation is the expectation. Now that the expectation for the future is gone, it has naturally become the biggest negative in the market.
Compared with ordinary investors, the well-informed consortium reacted more violently, and now it is desperate to cut meat.
After the meat was cut, the capitalists tried every means to exchange for gold after they got the cash. Even if a premium is needed now, it still cannot stop everyone's enthusiasm for gold.
In the era of the gold standard, the pound sterling needs to be exchanged for gold at a premium. From an economic perspective, the price of gold has risen, or the pound has depreciated.
As a currency reserve, the value of gold itself has not changed, and it can only be the depreciation of the pound.
And with the continuous increase of the "premium", invisible, the "devaluation" of the pound sterling continues.
Based on the general market judgment on the impact of the depreciation of the pound, it seems that overnight, the pound degenerated from the world currency to a junk coin that everyone disliked.
Affected by this general environment, the prices of the British Isles once again set foot on the highway and began to rush upwards.
Don't say it is looking forward to turning defeat into victory. Even if you pay a certain price and retreat, everyone has no hope.
The stock market crash is second, and the financial crisis triggered by the stock market crash is the biggest headache for Prime Minister Campbell.
The war is about money, and the fiscal revenue of the British Empire is not too high, at least when compared with the Holy Roman Empire, the two are not on the same level.
The most critical factor in mobilizing sufficient funds for warfare is the well-developed financial system of the United Kingdom and the strong financing capacity of the government.
But now the financial crisis has broken out, and the London financial market has been hit hard. It is almost impossible to raise funds from the market in a short time.
War is a gold-swallowing beast. With the government's wealth of wealth, it will not last long without follow-up funding.
The situation was already dangerous, but now there is a problem with the supply of materials and the government's pocketbook. Campbell has no trouble thinking about it.
It's useless to panic. The biggest problem in Britain now is "confidence." The people, interest groups, and even government officials are skeptical about whether this war can be won.
Unless the British army can achieve a major victory on the battlefield, which stimulates everyone's nerves, otherwise, it is almost impossible to reverse everyone's ideas.
Asquis, Chancellor of the Exchequer: "Recently, domestic inflation has been very severe, the bottom people are miserable, and the market is losing confidence in the pound.
More and more people choose to exchange for gold. Our reserves have fallen to the lowest point in 50 years, and we have to temporarily suspend free exchange.
However, this is a temporary solution rather than a permanent cure. It can only temporarily curb the outflow of gold and cannot solve the problem fundamentally.
To avoid this situation, the best way is to decouple the pound and gold and implement a credit standard system.
..."
The methods were all forced out. If it were not for the wave of runs, Asquith said nothing would be a "credit-based system."
It's not that you don't know the benefits of the "credit-based system", but the main reason is that the risks involved are too great. If you don't pay attention, the value of the pound will cool down completely.
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