The turmoil in the stock market soon spread to the whole society.

Before the curtain opened, the capitalists artificially created a hot market in order to transfer losses, and now there is no need for it.

After the window paper was pierced, the company laid off the number of employees and reduced the production. The economic crisis has not yet begun, and the wave of unemployment has already begun.

The news that was originally covered up does not need to be hidden now. At this time, everyone suddenly realized that the so-called benefits were completely fabricated out of thin air.

The so-called purchase orders did exist, but the contract was not signed by the Russian government or the British government, but by a newly established leather bag company.

Since it is a leather bag company, it naturally cannot represent the position of the government. The so-called entrusted procurement is even more fake, and it can't be faked anymore.

Frankly, it's not a clever game. Perhaps in other countries, there may be a government commissioned company to procure, but in the Russian Empire it is absolutely impossible.

The tsarist government had the most troubled bureaucratic team, how could this hard work be outsourced?

The procurement department, which claims to be the most incorruptible in the Russian Empire, absolutely cannot tolerate such middlemen making the difference and wasting the country's wealth.

The fact that before the crisis came, was able to unite a large number of capitalists to act together, to control mainstream public opinion, and to artificially create a market boom, all of which proved the strength of the French consortium.

Founded in 1867 as a rising star in the French manufacturing industry, the Fitolon Machinery Factory has now become a leading enterprise in French machinery and equipment.

Industrial technology takes time to precipitate, and in just 20 years, it was able to stand out from many competitors, and the founder, Baron Ferdoren, is a great contributor.

Sir Ferdolon, who should have achieved fame, was now holding a cigar in his mouth, constantly swallowing clouds and spitting smoke.

The secretary reported in a low voice: "Your Excellency, according to the latest statistics, eighteen enterprises, including the Saide Textile Mill, the Edoron Cannery, and the Ehrenburg Spinning Mill, have requested returns.

The total price of these returned products is around 30 million francs, of which there is a balance of about 6.57 million francs, which we have not received to date.

In addition, there are 27 enterprises that have not delivered machinery and equipment, and they directly announced that they have defaulted on their orders and will not pay follow-up costs.

We arranged the production of these machinery and equipment as early as last year, and now it is too late to stop work.

If we can't find a new buyer, the preliminary estimate is that we will lose up to 54 million francs this time, and the forfeiture of liquidated damages can cover about 14 million francs, and the final loss will be around 40 million francs. ”

As an aristocratic capitalist, the relationship between Fei Duolun and the domestic capital community is very general.

In this retreat planned by the consortium, Baron Fedoron was ostracized and became one of the victims.

The machinery and equipment manufacturing engaged in by Feiduolun Machinery Factory belongs to the upstream industry, and the main markets are domestic, and there are almost no international orders.

The elderly Baron Ferdoren, who was obviously not sensitive enough to changes in the international market, did not anticipate in advance that there would be overcapacity during the Anglo-Russian war.

A momentary error in judgment has brewed the bitter fruit of the present. The company received a bunch of orders, only to receive a default notice before the delivery was completed.

After a pause, Baron Fidolon said fiercely, "Tell them that it is impossible to return the goods.

As long as there is no problem with the quality of the product, we do not have a return service. And let them pay the subsequent balance quickly.

In the case of a breaching order, they will be held liable for breach of contract in accordance with the contract.

Ordered to suspend the production of all orders, send people to contact the remaining customers, and make sure that the orders can be delivered smoothly, and then continue to organize production.

If the default order is determined, among the other orders that can be transferred, it will be immediately deployed. It's really not good, just disassemble the parts and use it!

Now at this juncture, there is no buyer at all, and we must stop the loss in time. ”

Machinery is different from other products, and once it is produced, it also incurs maintenance costs. The longer the backlog lasts, the more costly it will be to the business.

Judging from the current situation, Baron Ferdolon does not believe that the market may recover in a short period of time.

Before the problem occurs, it may be ignored by the positive news in the market; The problem had already erupted, and Baron Phidoron naturally sensed a deeper reason.

The consumption of Anglo-Russian war materials was less than expected, which was only the focus of the detonating contradictions. In essence, the cycle of capitalist economic development has arrived.

Based on past experience, overcapacity is not just a problem in France, and the capitalist world as a whole is not immune to it.

There are only a few countries that are eligible for an economic crisis this year. France's industrial production costs are higher than those of Britain and Austria, and it is naturally at a disadvantage in international competition.

Now that we are in crisis, the first companies to be unable to hold on are naturally French companies. The French consortium, which had made up its mind to make war money, became the first victims.

It's just that these guys react very quickly. Before the crisis broke out, it began to transfer risks, so that shareholders were thundered.

The crisis detonated so quickly, not because the consortium was already full, but because the market was running out of money.

In the era of the gold standard, limited by gold reserves, the issuance of francs was limited, and there was less money circulating in the market.

Cutting leeks also requires leeks to grow, and the early benefits have fooled retail investors. Those who have not escaped have actually been unable to get out.

Now everyone is speculating in stocks and becoming shareholders, and if they don't harvest it, once the news leaks, they won't be able to harvest.

Judging by past experience, Baron Ferdolon can conclude that the crisis will last for one to two years without accidents.

By the time the crisis is over and the market starts to get too warm, it will take longer.

In this era of rapid change, no one knows when it will be time for machinery and equipment to be updated.

Keeping a bunch of mechanical equipment in my hands is simply boring. Not only do you run the risk of losing your money, but it also drains your business's valuable cash flow.

It is equivalent to dismantling semi-finished equipment, and the loss of enterprises may be as high as five or six percent of the production cost, and it is possible to lose several times the cost of production if it continues to produce.

The secretary reminded: "Your Excellency, in the contract we signed before, there was an agreement to refund part of the money if we were not satisfied with the use.

If ......"

Baron Fidolon interrupted impatiently: "Don't care so much, if they are not satisfied, they can go to the court to sue."

At this point, are we still afraid of lawsuits? ”

At once, tens of millions of francs were lost, and the Fitoron Machineworks, which were in good condition, were taken directly to the ditch.

The call from the bank to collect money has already made Baron Ferdolon almost collapse. The phone on the table that was unplugged is the truest portrayal.

"Knock, knock, knock" There was a knock on the door, and Baron Fridoren said coldly: "Come in!" ”

A middle-aged man said in a low voice: "Your Excellency, the people from BNP Paribas are here and are resting in the living room. ”

As soon as the words fell, two middle-aged men in suits and leather shoes walked in.

The first said, "Sorry, Baron Ferdoren. We took the liberty of visiting this time mainly to ......"

Baron Fidolon interrupted directly: "I know what you are for, but there is still a month before the bank loan expires.

If you have any questions, we will talk about it later, or contact the people in the public relations department, please don't disturb my work now.

Thank you!

Fick, take the two gentlemen to rest. ”

Listening to Baron Fidolun's words, Fike's middle-aged man immediately made a look of invitation and said, "Both, please come with me." ”

The middle-aged man at the head was unmoved and said, "Baron Ferdoren, you misunderstood. We are here today to solve the problem for you, not to collect the loan in advance.

If it's convenient, give us half an hour. The rest of the conversation needs to be confidential, and it is better for us to communicate individually. ”

Baron Ferdoron was stunned......