"Money, money, money" has become a curse for European governments. "1.2 billion" is not "12 dollars", because the previous war emptied the treasury, and even the Viennese government could not raise so much money for a while.

There is no way, assets and cash are two different concepts. It is simply a myth to want to withdraw the 1.2 billion Aegis without affecting the normal operation of the economy.

Whether borrowing from banks or issuing bonds, it is reducing the liquidity in the market. Once the limit of the market is exceeded, it will affect the normal operation of the economy, and once again reverse, the economy will exacerbate the crisis.

One of the essences of the economic crisis is the uneven distribution of social wealth, excessive concentration in the hands of a few, ordinary people have their pockets cleaner than their faces, and they have lost their purchasing power, and the economic cycle will naturally go wrong.

The ideal state is naturally to let the rich spend their money and activate the economic market. As long as the money flows, the economic crisis does not exist.

Obviously, this is not possible. Even if there is no way to solve the problem in a hundred years, Franz does not think that he can solve it.

In a sense, supporting the aristocracy to build overseas fiefdoms is the biggest policy stimulus. The only regret is that the emerging military aristocracy has a short time to make a fortune, and most of them are not so wealthy.

In addition to the aristocratic group, one of the other people who held huge wealth was the big capitalists. These people's pockets are more difficult to pick, and they are all ghostly, waiting for the crisis to pass.

Unless you use the knife to be tough, otherwise these guys who want to maximize their interests will not pay for it obediently.

There is nothing to blame, it is the essence of human nature to tend to the pros and cons. The truly impartial and selfless one is a saint.

No one is nobler than the other, and most people make the same choice, including Franz. What you can't do yourself, you naturally won't expect others to be able to do.

"How to solve the funding?"

Franz didn't care about the specific bailout plan. A plan that can be accepted by governments must weigh the outcome of the final game of the interests of all parties. As for whether it is the best solution, then we can only ask God.

In contrast, it is the funding gap that is the problem. Franz couldn't be clearer about the family background of the Shinra, and half of the funds that can be solved are the result of everyone's cooperation.

The remaining gap can only be found in the financial markets of European countries. If it wasn't hard a year ago, unfortunately it's a time of economic crisis, which happens to be the time when money is most scarce in the market.

Taking Franz himself as an example, without counting real estate such as land resources, his net worth at his peak was as high as 14.6 billion, and he was properly rich enough to rival the country. After the outbreak of the economic crisis, it shrank by 54 percent.

There is no way, the stock market is such a magical place. Even this is the result of an early retreat with inside information, and if you are slower, you can refer to the technology concept stock market.

Anyway, it's all tears, and the foam that Franz has single-handedly brewed, and the bitter fruit can only be borne by himself...... No, it's leeks to swallow.

This is the price of scientific and technological progress, if it were not for a bunch of listed companies to continue to raise funds and burn money, HRE's technology would not have been able to run to the forefront in the second industrial revolution.

On average, in the past thirty years, the HRE Empire has invested as much as 80 million Aegis in scientific and technological research and development every year; If we zoom in to the last five years, this number has reached an astonishing 210 million Aegis.

Except for financing from the capital market, which is shared by all investors, no institution or individual can support this expense.

Investment and return are directly proportional, more than 2 billion funds have been smashed, planes, tanks, battleships have come out, civilian facilities are innumerable, and mankind has also entered the era of electricity and internal combustion engines in advance.

Tragically, Franz, like many stockholders, became poor. Of the thousands of technology companies in hand, less than 50 can make money, except for the more than 200 that have entered the asset restructuring, the rest are continuing to burn money.

Although the operating costs of the enterprise have been compressed and the progress of burning money has been slowed down, all up, there are still losses of tens of millions of Aegis every month.

When the market environment was good, some capital was willing to accompany the burning of money, but now that the market situation has deteriorated, the "cutting leeks" company, which was originally raised by everyone, can only be carried by Franz himself.

If the company goes out of business, it will be difficult to re-establish the signboard in the future. After all, no matter how good the story is, it is also a project that has failed in the past, and investors will definitely not be so happy to pay for it.

It's not the same if you stick to it, as long as you survive this wave, there will be capital coming in later. If there is a breakthrough in intermediate technology, it will be even more bloody.

With so many oil bottles in his pocket, Franz had to keep it even if he still had money in his pocket. After all, these are high-quality projects in your hands, although they may be a little ahead, and that is also the future of the world.

Franz had a hard time, let alone the others. Anyone who is engaged in the real economy and wants to do something is now counted as one, and they are all storing grain for the winter, and no one dares to use the precious funds in their hands without authorization.

Those who really have a large amount of idle funds are still playing finance. Sometimes Franz even wanted to take a salary from the bottom of the kettle, directly nationalize the banks, and click these guys away.

Of course, this is just a thought. If the financial capital power of the HRE catches up with Britain, then Franz may really be tempted to flip the table.

The problem is that the strength of Shinra's financial capital is already limited, and it jumped into the technology pit dug by Franz, and it was almost buried when the stock market crash broke out.

Of course, this is the only wave of such good things. Eat a trench, grow a wisdom. When the next wave of the market begins, it is estimated that the main force of playing technology will be replaced by retail investors, after all, this success rate is too touching.

Everyone has no money, so where does the money go?

The answer is simple: the pot of war. The European War led to a massive outflow of Shinra's wealth, and more than 20 years of entry into the superpower could not withstand the consumption of a war.

The post-war market boom was supported more by virtual credit than by real money.

This is also the main reason why Franz wants to compete for currency hegemony, and only by making Aegis an international settlement currency can he avoid the embarrassment of a war emptying his family.

Prime Minister Karl: "Your Majesty, the current financial markets are not suitable for financing. The only way to solve the financial dilemma is to raise leverage and issue more currency.

Our reserves are relatively abundant, and Aegis has always been underleveraged. The Ministry of Finance has calculated that as long as the leverage ratio of Aegis issuance is raised to the level of pounds, an additional 830 million currency will be issued.

If there is a joint endorsement from European countries, even if it is a one-time additional issuance of 1.2 billion, the market can accommodate it. ”

As a rising star, Aegis wants to beat the British pound to become an international currency, so it naturally has its own advantages.

Before the end of the European War, the Chinese army was not unified, and it was 108,000 miles away from the world hegemon, and its international status was far from catching up with Britain.

It just so happens that HRE is the world's largest producer of gold, and its output is more than that of the following two, three, four, five, six, seven and eight combined, which provides sufficient margin for the government's currency issuance.

Franz was stunned by the government's solution. If you are short of money, you will "print tickets", which seems to be fine, but in fact the problem is too big.

Now maybe in the 19th century, the style of painting suddenly changed to the 21st century, and no matter how you look at it, it feels abnormal. But for now, it seems that "printing tickets" is really a good way to solve the crisis.

Printing money, navigation expansion is inevitable. But it's not the same with the endorsement of European countries, which is equivalent to the whole of Europe helping to absorb inflation.

If you print an extra 1.2 billion at one time, the per capita amortization of the European world will be less than a month's salary. This little money circulates in the market, and even if there is inflation, it will not be too big.

As long as the Vienna government's gold reserves are sufficient and the Aegis exchange ratio remains unwavering, internal inflation will be absorbed over time.

The most important thing is that while solving the problem of funding, it also promotes the pace of Aegis becoming the world's currency. Once the crisis has passed, the market's confidence in Aegis will reach a new height.

The more Franz thought about it, the more feasible he felt, and there was a good saying: "As long as you print money fast enough, debt can't catch up with me."

After hesitating for a moment, Franz asked, "How do you get countries to recognize it?" What if they make the same request? ”

It wasn't for Franz's heart, HRE was able to solve the financial problem by printing tickets, and European countries could also print more tickets to alleviate the financial crisis.

Governments are not fools, and if the Vienna government can ask them to endorse the value of the Aegis currency, then the governments will in turn ask the Vienna government to endorse their currency.

Everyone "printed, printed, printed" together, and Franz couldn't imagine that scene. If Pandora's box is really opened, the gold standard will be ready to stop, and gold production will not be able to keep up with the speed at which everyone prints money.

Perhaps the French most want this to happen, and only if everyone prints and prints, can their debts be paid off. It's better to be like the previous France, where billionaires per capita can pay off the reparations in minutes.

Prime Minister Karl replied confidently: "We can exchange interest-free loans and material aid for recognition from governments."

Now they don't have a choice, and although printing currency is simple, it's not something that everyone is qualified to do. All countries in continental Europe have their own flaws, and it is simply impossible to issue additional currency at this time.

Needless to say, the ten countries that have gone bankrupt are printing currency because they don't die fast enough; Montenegro and Armenia do not have the ability to print money, and the currency is entrusted to our printing house to print it on its behalf.

The economies of the Netherlands, the Nordic Federation, and Spain are limited, and printing currencies will immediately trigger sharp inflation; The size of the economy of the Russian Empire was sufficient, but in terms of the credibility of the tsarist government, once the currency ruble was printed, it was the second in francs.

The limited ability of countries to resist risks is not only unbearable at home, but also not recognized by the international community. Printing additional currencies will inevitably lead to a run, and unless they can abandon the gold standard, they will not survive at all.

Against this backdrop, the only way for them to solve their financial dilemma is to borrow externally. Now we and the British are the only ones who can solve the problem of funding for them.

If someone betrayed the European continent at this time and fell to the British, our knives were not vegetarians, just to set an example for the monkeys. ”

Sure enough, there is nothing new under the sun, and the countries of the original time and space abandoned the gold standard after World War I, how similar to the current situation.

"Giving up the gold standard" seems impossible now, but once you are forced to be in a hurry, you can't give up if you don't want to.

If there is no alternative to the HRE, it is estimated that the final result of this economic crisis will be to end with countries being forced to abandon the gold standard.

To be precise, there are already countries that have abandoned the direct gold standard. The history is strikingly similar, and this leading brother is France.

The French government had no choice, and after the end of the European War, the country's gold was looted. When the gold reserves for the issuance of currency are gone, how can the gold standard be implemented?

International loans are lent out in paper money, but not gold. Despite the best efforts of the French government, it has not been able to raise enough reserves.

In the end, King Carlos, who was forced to be anxious, took a turn of heart and directly borrowed an Aegis as a reserve, opening the indirect gold standard system.

The indirect gold standard can also be barely counted as the gold standard, which is better than going directly to the credit standard. If you really play with credit currency, it is estimated that the French people will continue to follow the old path of "billionaires".

Many things can be done as long as someone takes the lead, and the same is true for the currency standard. France was only the beginning, and several Italian states, which were newly independent states, also embarked on the path of the "indirect gold standard".

The only regret is that Belgium has continued the gold standard.

Although Belgium suffered heavy losses in the European War, the desperate resistance of the Belgian army still bought time for the government to evacuate, and the gold reserves were brought to the HRE by Leopold II.

As a moral and cultivated monarch, Franz naturally couldn't do anything to rob while the fire was fired, and Belgium, which had sufficient reserves, naturally had to continue to implement a more independent gold standard system.

Although regretful, Franz did not regret it. Aegis replacing gold is not an overnight thing, and taking too big a step will pull the balls.

At the very least, we have to overdo it and give everyone a time to accept it. For example, first realize the "gold-Aegis" parallel standard system.

It is not difficult to do this, as long as HRE reduces gold exports, with the development of the economy, countries will sooner or later have a headache due to insufficient gold reserves, and it is logical to promote the juxtaposition system when the time comes.

After a long time, everyone is used to the Aegis as the standard gold, which is the time when the Aegis replaces gold and lays the hegemony of currency.

A plan is a plan, and no one can guarantee success until it is completed. There are many more similar solutions, or alternatives, but this is just a set that seems relatively easy.

I have to admit that the end of the European Continental War brought great changes to the Vienna government. In the past, when this kind of thing happened, Prime Minister Karl would at most wear small shoes afterwards.

Now it's obviously different, first the big hat of the European traitor is buttoned up, and then the chicken and monkey are going to be killed, a proper hegemonic style.

In fact, this was the normal operation of the 19th century. The Covenant was concluded, and to move closer to the British at this time would be betrayal, and the traitor must die without negotiation.