Chapter 281: Withdrawal

Franz is very busy recently. The economic crisis is about to happen. He must cash out most of his industries. Companies that can go public and make money can go up and down.
All investment in stocks and bonds must be emptied. Without enough money, how can we make a bottom?
Franz had personally questioned everything that involved huge sums of money. It ’s all their own money, but I just ask them all to take care of them. Who can rest assured?
Especially at the critical moment before the outbreak of the economic crisis, the loss caused by any wrong decision is astronomical.
Not only personal assets need to be dealt with, but the Habsburg family's industry also needs to be dealt with. So many industries are intertwined, and Franz is scalp.
This can also be regarded as a happy trouble. In the past few years that dominated the Habsburg dynasty, the family industry has also expanded rapidly, with investments in many areas.
This is usually a good thing in normal times, and it may not be necessary in the event of an economic crisis. Once mistakes are made in decision-making, the results of hard work in recent years will disappear.
The butterfly effect is powerful. Historically, this economic crisis started in the second half of 1857 from the United States. Now a rapidly industrialized Austria has been added. Who knows what will happen?
Some time ago, the Vienna government continuously started municipal engineering projects to attract capitalists' investment, which was essentially a means to delay the outbreak of the economic crisis.
The start of these basic engineering projects naturally consumes part of the industrial capacity and alleviates the crisis of overcapacity.
Taking advantage of this opportunity, the Vienna government also launched a lot of meager industries. In a darker way, Franz is also giving himself time to retreat, but this is also good for the country.
This retreat must also be carried out slowly, to find enough receivers, or so many funds from the market at a sudden to leave, or not immediately crash?
Not sure when the economic crisis will break out. From the beginning of 1856, Franz has slowly realized the industry in his hand and has continued to the present.
John Stewart reported: "Your Majesty, the last batch of railway stocks have been thrown out, and a total of 1.8 million Aegis have been cashed out; five cement plants have been sold this month, and a total of 78 million Aussie cash has been realized shield……
It is expected that in the next two months, all the industries in our hands to be sold out will be emptied, and about 66.8 million Aegis will be raised. "
Franz nodded, and he was still satisfied with John Stewar's work. Since the beginning of 1856, on average, he has to cash four or five million Aegis from the market every month.
Without causing market turmoil, John Stewart has done a great job. About one tenth of this money is Franz's personal property, and the rest is family business.
It is enough to see that the European royal family was still very rich in this era, and the accumulation of hundreds of years is not a joke.
These funds are only part of the royal assets, and more are real estate. Vienna is part of the royal family, including Vienna. How could the Hapsburg family be poor?
Before Franz came to power, the Habsburgs lived mainly on land and real estate income, and the liquidity was naturally low.
Since the implementation of the land redemption policy by the Vienna government, as the royal family will naturally take the lead, Franz releases 700,000 hectares of land in remote areas in exchange for a large amount of cash.
Most of this money has been invested in real estate and manufacturing. The part that is currently cashed out is manufacturing. In the environment of overcapacity, manufacturing has become a bad asset.
In contrast, real estate is much more stable. Building a house on your own land saves land acquisition costs. Large cities like Vienna still rent or sell.
There is no property tax anyway, and there is no pressure to hoard real estate. When the price reaches its limit, and you find the Panxia again, the property tax should almost come out.
It seems that this is not a big deal. The taxes received by the royal family belong to the royal family. Otherwise, how can Franz raise a private army?
Including the city defense forces in Vienna, all belonged to the royal private army first, followed by the Austrian army. Otherwise, Franz wouldn't have been able to win the military power so easily without causing a rebound.
Reform belongs to reform. Franz will not touch the aspects that are beneficial to his rule. If these powers were given to the government, who knows if the bureaucrats below would one day suspend him?
No matter how strong a person is, it is impossible to fight the entire bureaucracy. The best way is to restrict their rights from the beginning.
"From now on, we will shrink the money, strictly evaluate the loan customers, and no longer accept stock and bond mortgages."
Franz didn't forget that his Royal Bank was already one of Austria's largest banks, and once the economic crisis broke out, I didn't know how many bad debts would appear.
He raised funds for a dip, not for filling holes in the Royal Bank. Now without reducing a loan, it reduces the risk a bit.
John Stewart explained: "Your Majesty, doing so can easily cause market turmoil, and may also have a ripple effect.
At present, our loan review standards have always been the strictest among peers, and the probability of bad debts is not too great.
Since two years ago, we focused on developing the colony loan business, lending to those lucky people. So far, Royal Bank has issued eight million Aegis loans.
Most of these loans are repaid by customers. In addition to the gold purchased from the colonies, the Royal Bank's gold reserves have reached 58 tons, which is enough to deal with any crisis. "
After listening to John Stewart's explanation, Franz suddenly understood why the consortia did not shrink their money before the economic crisis and reduce their losses.
All these losses are necessary. If the money is contracted in advance, it does not tell everyone that the crisis is about to erupt-run away.
There is no shortage of smart people in this world, and once the news leaks in advance, it is not so easy to retreat.
Throughout the novel, the protagonist gives an early warning before the stock market crash, and is well-known for reducing people's losses. Franz laughed after thinking about it. Who ran to pick it up?
If no one takes the order, then it will fall to the end, and the wealth that will eventually evaporate will only be more, not less.
In order to confuse audio-visual, experts are predicting the stock market crash almost every day, and everyone will be numb if they listen too much. Who can tell the truth?
Franz thought for a while and said, "Now that you are ready, go according to your plan. Ship the colony's gold back home as soon as possible. Once the economic crisis breaks out, the world will not be peaceful again."
"Yes, Your Majesty!" John Stewart replied.
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