As a member of the Matilda family, it was interesting that Roque had been able to support Ade for so long.

Ade is not a person who is greedy for power, otherwise he would not have tried his best to promote the autonomy of southern Africa, and now that southern Africa is thriving, Ade can indeed rest and let Philip become the prime minister and taste the taste of being the prime minister.

Roque really wanted to see if Philip would bring some change to southern Africa if he was prime minister.

Anyway, Ade is very good, leading southern Africa through the most difficult stage of the beginning of autonomy.

But as time goes on, Ade is now becoming more and more conservative and less able to keep up with the development of southern Africa.

In the case of Roque as prime minister, during the World War, Roque will try his best to push the federal government to establish a state-based economic entity, increase state intervention in the economy, and at least adjust the completely laissez-faire free trade to a partially controllable economic model, so that the federal government can have more advantages in future international competition.

It's a pity that Roque is not the prime minister now, if Philip doesn't taste the taste of being prime minister, it is estimated that he will regret it for the rest of his life, and Roque will not compete with Philip for the sake of family harmony, anyway, no matter who is the prime minister, it is estimated that he will live in the shadow of Roque.

Or rather, living in the shadow of these big corporations in southern Africa.

He will not be satisfied with providing food to the poor in Europe, and the purpose of buying European companies and investing in European public utilities is to seek long-term benefits.

"You think too much, European leaders don't think about the long-term interests of their own countries, what use do you think?" Roque is not welcome, there is no hope of making money by investing in European countries, even if Europe recovers from the post-war trauma, it will be a mess in another twenty years.

Also in October, the protracted Paris Peace Conference finally agreed that Germany would pay the Allies a total of 226 billion gold marks, equivalent to 11.3 billion pounds, as war reparations, which would need to be paid in gold.

In order to facilitate the signing of the Paris Peace Conference, the United States voluntarily gave up its claim for reparations from Germany, so France would receive 52 percent of the total reparations, Britain would receive 22 percent, Italy would receive 10 percent, Belgium would receive 8 percent, and the rest would be divided among other countries.

Southern Africa, as part of the United Kingdom, is included in the 22 per cent of the reparations due to the United Kingdom.

This was not the final result, and Germany and the Entente would continue to negotiate a series of reparations, which were determined to be 132 billion Reichsmarks, or about 49.9 pounds.

With the exception of the reparations, all of Germany's overseas colonies were divided among the Allied powers, and South-West Africa and Tanganyika were authorized by the League of Nations to be administered by the British; The German islands in the Pacific were authorized by the League of Nations to administer the East Indies; North Schleswig returned to Denmark after a referendum; Germany recognized the independence of Poland and gave it a coastline and returned to Poland the territories that had formerly belonged to Poland, including West Prussia, Posen Province, part of East Prussia, and part of Upper Silesia; To the east, Silesia belonged to Czechoslovakia.

In addition to these areas, Germany must also cede Euben and Salmedi to Belgium; ceding the Klaipeda region to Lithuania; to give the Danzig area to the League of Nations; and recognized the independence of Austria and Luxembourg.

In terms of reparations to France, Germany ceded Alsace and Lorraine to France as early as the day of the armistice, restoring France's borders before the Franco-Prussian War.

France was not satisfied with this and strongly demanded the Saarland region of Germany, the most important industrial region in Germany, which in turn attracted strong opposition from the British, and finally the Saar coal mining area was administered by France for 15 years, and then the ownership of the Saarland was decided by a referendum.

France's aim was to completely suppress Germany so that Germany was no longer a threat.

This goal seemed to have been achieved, but the main question of how Germany would pay the reparations became the main one.

At present, Germany cannot guarantee food and clothing at home, not to mention reparations, and Britain and the United States are already discussing how to ensure that Germany can pay reparations.

The French don't care, it's better for France that Germany will never be able to pay reparations, then France can occupy the Saar region forever.

As the biggest beneficiary of the world war, one of the purposes of Xiao Si's return to southern Africa this time was to hope that southern African capital would also intervene in the relief of Germany, so that it could continue to generate long-term benefits after the war.

"No, the RAND Bank will not lend money to the Germans, Los Angeles is forming a stock exchange, and the RAND Bank has no shortage of investment channels." Roque decisively refused, just as he had refused to provide loans to the Russian Empire.

"Why?" Xiao Si was surprised that Roque had always been very active in relieving Germany.

"The purpose of relief is to win the favor of the Germans, to win immigrants from Germany, to buy German assets, which is completely different from loans." Roque does not do loss-making business, and lending money to the Germans is just as wasted as lending to the Russians.

In another time and space, Britain and the United States mainly relied on the "Dawes Plan" and the "Younger Plan" to provide economic assistance to Germany, and the British pound and dollar flowed into Germany in the form of loans, then into the Entente countries in the form of reparations, and finally in the form of debt repayment from the Entente countries to Britain and the United States, thus forming a perfect closed loop.

In the process, both Germany and the Entente received much-needed funds to restore their economies and thus to restore production in Europe.

This model seems to be a good model, but because the Great Depression was unsustainable, and during the Great Depression, Germany's reparations and foreign debts owed by countries during the World War could not be paid, and Germany's debt payments were suspended.

Then came the Second World War, which was much bigger and more costly.

Now that Roque knows this outcome, it is impossible to repeat the mistakes of the past, and now that Southern Africa has got everything it wants, it is time to withdraw from Europe and focus on the construction of Southern Africa.

Of course, not lending to Germany now does not mean that you will not lend later.

The economic aid to Europe is not only the interest generated by the loan, but more importantly, the increase in the value of the currency, and the United States in another time and space has objectively improved the international status of the dollar through its investment in Europe, and promoted the dollar to become an international currency.

Of course, Southern Africa also has this demand, and Roque also hopes that the rand will replace the British pound as the international currency, so that in the future, Southern Africa can also live the life of a landlord who uses the rand to shear sheep all over the world.

It's too early to think about this, during the world war, southern Africa loans to Britain and France were all settled in rand, and now the international status of the rand has been greatly improved compared with before the world war, but it has not yet replaced the position of the pound.

Roque is not in a hurry, now southern Africa has not yet reached the stage of replacing Britain, after the end of the Second World War is a better opportunity, when the time comes, southern Africa can be very comfortable to lend money to the Germans, no longer have to worry about the Germans defaulting on the debt.

"Could it be that Germany will be the same as Russia?" Xiao Si didn't know what would happen next.

In fact, Roque is not sure whether World War II will break out as scheduled, because the rise of southern Africa and the direction of World War I are completely different from another time and space, and Roque now doesn't even know if Mustache will be able to come to power as scheduled.

Most of the time it is still possible, France is now deliberately trying to contain Germany, but the harsh conditions determined by the Paris Peace Conference not only did not bring the Germans to their knees, but instead stimulated the expansion of national radical consciousness in Germany, planted the seeds for the growth of ****, and also paved the way for some people to come to power.

Even if there is no mustache, there will be other bearded ones on stage.

Of course, this is not what Xiao Si is referring to.

"It's hard to say, but it's a possibility." Roque can't go into too much detail, revealing the secret of heaven is going to cost his life.

Xiao Si's expression is complicated, there is now more than just a bank in southern Africa, the Rand Bank, which is dominated by South African companies, has begun to invest in Germany.

Out of trust in Roque, Xiao Si now feels that most of the Rhodesia Bank's investment in Germany has been lost.

"Don't worry, it's not enough to lose all your money, at most it's just a little less income." Roque comforted Xiao Si that Germany was not in debt, and that after World War II, it had to continue to pay the unpaid reparations of the First World War, but it lasted for almost a hundred years before it was paid.

"What did you just say about the financial markets?" Xiao Si followed Roque's pace, and it was still too late to adjust.

"It's too early to say that the market is just an exchange." Roque tried to downplay the influence of the exchange, not wanting London to feel too directly the threat of southern Africa.

Financial markets were cultivated slowly, and the early days of New York's securities trading were held in cafes and auction houses until May 17, 1792, when 24 stockbrokers signed the Sycamore Tree Agreement under a plane tree outside 68 Wall Street in New York, which became the birth day of the New York Stock Exchange.

Prior to this, securities had been traded in Southern Africa, but only within large corporations and not for public sale.

For example, the government bonds issued by the federal government during the world war were absorbed by large corporations in southern Africa without any outflow, and there was no room for securities trading.

Now, as the economy of southern Africa is getting better and better, the idle funds of society need a relatively healthy investment channel, and securities trading has come into being.

Of course, the securities trading in southern Africa will definitely not be laissez-faire, Roque has also speculated in stocks, bought funds, invested in financial management in his previous life, and was also trapped when he was reborn and did not escape, and now Roque also wants to try the feeling of being a pit person, and he can't let the money that Europeans have worked hard to save be cheated by the Americans, and southern Africa also has to share a piece of profit.

ps: Sorry, just came back from the hospital and was working on the codeword-