"Money, money, money" has become the curse of European governments. "1.2 billion" is not "12 yuan", because the previous war emptied the treasury, and even the Vienna government could not raise so much money for a while.
There is no way, assets and cash are two concepts. It is a myth to extract 1.2 billion Aegis without affecting the normal operation of the economy.
Borrowing from banks or issuing bonds is reducing liquidity in the market. Once it exceeds the limit of the market, it will affect the normal operation of the economy, and once again backlash to the economy and aggravate the crisis.
One of the essence of the economic crisis is the uneven distribution of social wealth, which is excessively concentrated in the hands of a few people. Ordinary people are clean in their pockets and lose their purchasing power. Naturally, problems will arise in the economic cycle.
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 after a hundred years, there is no way to solve the problem, Franz does not think that he can solve it.
In a sense, supporting the nobles to build overseas fiefs 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, another person who holds huge wealth is the big capitalist. These people's pockets are even more difficult to dig out. All of them are ghosts and ghosts, waiting for the bottom of the crisis.
Unless you use the knife to be hard, otherwise these guys who want to maximize the benefits will not pay for it obediently.
There is nothing to blame, it is human nature to tend to pros and cons. The truly altruistic, that is the saint.
No one is more noble than anyone else, and most people in translocation will make the same choice, including Franz. If you can't do it yourself, you won't expect others to do it.
"How will the funds be resolved?"
Franz does not care about the specific rescue plan. A plan that can be accepted by governments of various countries must weigh the results of the final game of interests of all parties. As for whether it is the best solution, we can only ask God.
In contrast, the funding gap is the crux of the matter. Franz couldn't be more clear about Shinra's family background, and the ability to solve half of the funds was the result of everyone's cooperation.
For the remaining gap, we can only find solutions from the financial markets of European countries. If it was really not difficult a year ago, it is a pity that now is the time of economic crisis, which happens to be the time when the market is most short of money.
Taking Franz himself as an example, not counting real estate such as land resources, his net worth at his peak was as high as 14.6 billion, which was properly rich to rival the country. After the outbreak of the economic crisis, it directly shrunk by 54%.
No way, the stock market is such a magical place. Even this is the result of insider information and early withdrawal. If you are slower, you can refer to the broader market of technology concept stocks.
Anyway, it's all tears. Franz's bubbles are made by one hand. Naturally, the bitter fruit can only be made by himself... No, it's leeks to swallow.
This is the price of technological progress. If it weren't for a bunch of listed companies that continue to raise money and burn money, Shinra's technology would not be able to rush to the forefront in the second industrial revolution.
On average, the Shinra Empire has invested as much as 80 million Aegis each year in scientific and technological research and development in the past three decades; if the time is shortened 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. Aircraft, tanks, and battleships have all come out, and there are countless civilian facilities. Humanity has also entered the era of electricity and internal combustion engines ahead of schedule.
Tragically, like many shareholders, Franz 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 bankruptcy and reorganization, the rest continue to burn money.
Although the operating costs of the company have been compressed and the progress of money burning has been slowed down, in total, there are still losses of up to tens of millions of Aegis each month.
When the market environment was good, some capital was willing to accompany it to burn money. Now the market situation has deteriorated, and the "Leek Cutting" company originally raised by everyone can only be taken care of by Franz himself.
If the company goes bankrupt, it will be difficult to re-establish the brand in the future. After all, no matter how good the story is, it is a project that has failed, and investors will definitely not be so happy to pay.
Persistence is different. As long as you survive this wave, some capital will enter the market. If there is a breakthrough in the intermediate technology, it will be even more bloody.
With so many tow oil bottles, Franz had to keep it even if he still had money in his pocket. After all, these are high-quality projects in their hands, and although they may be ahead of their time, that is the future of the world.
Franz had a tough time, let alone everyone else. Anyone who is in the real economy and wants to make a career, now there is one who counts one, and they are all storing grain for the winter, and no one dares to use their precious funds without authorization.
Those who really have a large amount of idle funds are still playing finance. Sometimes Franz even wants to take the bottom line, nationalize the bank directly, and forget about these guys.
Of course, this is just a thought. If Shinra's financial capital power catches up with Britain, then Franz might really be tempted to overturn the table.
The problem is that Shinra's financial capital strength is 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, such a good thing is also this wave. learn from mistakes. When the next wave of the market starts, it is estimated that the main force playing technology will be replaced by retail investors. After all, this success rate is really touching.
Everyone has no money, so where does the money go
The answer is simple: the cauldron of war. The Continental War led to a massive outflow of Shinra's wealth, and after more than 20 years of entering the Super League, it could not withstand the consumption of a war.
The post-war market boom was more supported by virtual credit than real money.
This is also the main reason why Franz wants to compete for currency hegemony. Only by making SHIELD an international settlement currency can we avoid the embarrassment of a war to empty the family.
Prime Minister Carr: "Your Majesty, the current financial market is not suitable for financing. The only way to solve the capital dilemma is to increase leverage and issue additional currency.
Our reserves are relatively abundant, and Aegis has always been under-leveraged. The Ministry of Finance has calculated that as long as the leverage ratio of Aegis issuance is increased to the level of sterling, an additional 830 million currency can be issued.
If there is a joint endorsement of European countries, even if it is a one-time increase of 1.2 billion, the market can accommodate it. "
As a rising star, Aegis naturally has its own advantages to defeat the pound to become an international currency.
Before the end of the European Continental War, Shinra was not unified, and it was even more than 108,000 miles away from the world hegemony, and its international status was far behind that of Britain. Aegis could only rely on "low leverage ratio" and "stability" to gain market recognition.
It just so happens that Shinra is the world's largest producer of gold, and its output is more than the sum of the following two, three, four, five, six, seven and eight, which provides a sufficient margin for the government's currency issuance.
Knowing and knowing, Franz was stunned by the government's solution. "Printing notes" when you are short of money seems to be no problem, but in fact the problem is much bigger.
Now maybe in the 19th century, the style of painting has suddenly changed to the 21st century, no matter how you look at it, it feels abnormal. But for now, it seems that "printing notes" is really a good solution to the crisis.
Add money printing, and the expansion of aviation is bound to happen. However, it is different if European countries endorse it together, which is equivalent to helping the whole of Europe to digest inflation.
One-time extra printing of 1.2 billion will be amortized per capita in the European world, and it will be less than a month's salary. This little money circulates in the market, even if inflation occurs, it will not be too big.
As long as the Vienna government has sufficient gold reserves and the exchange rate of Death Aegis remains unshakable, the internal inflation will be digested over time.
The most important thing is that while solving the funding problem, it also promotes the pace of SHIELD becoming a world currency. Once the crisis passes, the market's confidence in Aegis will reach a new height.
The more Franz thought about it, the more feasible it became. There is a saying that goes well: "As long as the speed of printing money is fast enough, the debt will not catch up with me."
After hesitating for a while, Franz asked: "How to get countries to recognize it? What if they make the same request?"
It's not that Franz is over-hearted, Shinra can solve the financial problem by printing notes, and European countries can also print notes to alleviate the financial crisis.
The governments of various countries are not fools. The Vienna government can ask them to endorse the currency value of the Aegis, and then the governments of various countries will in turn require the Vienna government to endorse their currency.
Everyone "printed, printed, printed" together, and Franz couldn't imagine that scene. If Pandora's Box is opened, the gold standard will be ready to stop. Gold production can't keep up with the speed of money printing.
Perhaps the French most want this scene to happen. Only when everyone prints it can they hope to pay off their debts. It is best to be like France before, with billionaires per capita, then you can pay off the reparations in minutes.
Prime Minister Carr replied confidently: "We can use interest-free loans and material assistance in exchange for recognition from governments.
Now they have no choice. Although printing money is simple, not everyone is qualified to do it. All countries in the European continent have their own shortcomings, and it is simply impossible to issue additional currency at this time.
Needless to say, the ten countries that have gone bankrupt, printing money is because they think they are not dying fast enough; Montenegro and Armenia have no ability to print money, and the currency is entrusted to our printing factory to print on their behalf.
The Netherlands, the Nordic Commonwealth, and Spain have limited economies, and the imprinted currency will immediately trigger rapid inflation; the Russian Empire’s economy is sufficient, but in terms of the credibility of the tsarist government, once the currency is printed, the ruble is the second franc.
The anti-risk capabilities of various countries are extremely limited. Not only can they not be tolerated domestically, but they will not be recognized internationally. Printing money is bound to trigger a run on it, and unless they can abandon the gold standard, they won't survive it at all.
In this context, the only way for them to solve their financial woes is to borrow externally. The only people who can solve the funding problem for them now are us and the British.
If someone betrayed the European continent at this time and fell to the British, our knife is not vegetarian, just killing chickens and setting an example. "
Sure enough, there is nothing new under the sun. After the First World War, countries abandoned the gold standard, which is very similar to the current situation.
"Abandoning the gold standard" seems impossible now, but once you are forced, you can't give up if you don't want to.
Seeing a leaf and knowing autumn, if there is no alternative to Shinra, it is estimated that the final result of this economic crisis will be the end of countries being forced to abandon the gold standard.
To be sure, some countries have already abandoned the direct gold standard. The history is strikingly similar, and the leading big brother is France.
The French government had no choice. After the end of the European Continental War, the domestic gold was looted. How to implement the gold standard when the reserve gold for issuing currency is gone
International loans are all paper money, but not gold. Although the French government has tried its best to rummage through the boxes, it has not raised enough reserves.
In the end, King Carlos, who was in a hurry, turned his heart away and directly borrowed an Aegis as a reserve fund, opening the indirect gold standard system.
The indirect gold standard can also barely count as the gold standard, which is better than going directly to the credit standard. If you really want to play with credit currency, it is estimated that the French people will continue to follow the old road of "billionaires".
Many things can be handled as long as someone takes the lead, and the same is true of the currency standard system. France was only the beginning, and then several Italian states, as newly independent countries, also embarked on the road of "indirect gold standard".
The only regret is that Belgium still continued the gold standard system.
This is impossible. Although Belgium suffered heavy losses in the European War, the desperate resistance of the Belgian army bought time for the government to evacuate. The gold reserves that were robbed were brought to Shinra by Leopold II.
As a virtuous and cultivated monarch, Franz naturally can't do anything to take advantage of the situation. Belgium, which has sufficient reserves, will naturally continue to implement a more autonomous gold standard system.
Although regretful, Franz did not regret it. Replacing gold with Aegis is not a one-time thing, and if you take too big a step, it will cause the balls to fall.
At least you have to go over it first, and give everyone a time to accept it. For example: first realize the parallel standard system of "Gold-Aegis".
It is not difficult to achieve this. As long as Shinra reduces its gold exports, with the development of the economy, countries will sooner or later have a headache due to insufficient gold reserves. It is logical to promote the parallel standard system at that time.
After a long time, everyone is used to Aegis as the standard gold, and it is time for Aegis to replace gold and establish currency hegemony.
A plan is a plan, and no one can guarantee success until it is completed. Similar programs, or alternatives, there are many, this is just a relatively easy set.
It has to be admitted that the end of the European War brought enormous 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 buckled, and then it is about killing chickens and showing monkeys, a proper overlord style.
In fact, that was normal operation in the 19th century. The covenant has been concluded. At this time, moving closer to the British is a betrayal. The traitor must die without negotiation.