Currency standard reform is nothing new. The gold standard has only been accepted by European countries in the last 30 to 50 years.
There have also been changes in the middle. In order to avoid the large-scale outflow of gold, countries have basically introduced restrictive policies during the reform period.
The most representative is the Vienna government's Financial Control Act, which directly stipulates that large capital outflows are restricted.
This is also one of the reasons why financial capitalists hate Shinra. The circulation of large amounts of capital is restricted, and it is impossible to quickly enter and exit quickly, which seriously affects the speed of everyone's making money.
Before the war, Britain was a financial hegemon and had a surplus of capital for a long time. Naturally, there was no need to restrict capital outflows.
Things are different now. As the situation continues to deteriorate, capitalists with a keen political sense are ready to run away.
Anyone with a discerning eye knows that once the Ocean Alliance collapses, even if Britain can retreat completely, there is no future at all.
Looking around, there are enemies everywhere, how can we talk about future development
Capitalists can run away with money, but those with vested interests cannot. After leaving Britain, the capitalists can still be capitalists, but the nobility and bureaucracy are nothing.
Although the power of capital is strong, the British Empire of this year is not in their hands to cover the sky.
Share the blessings and share the hardships. If the capitalists want to get out of the vortex, other forces will naturally not agree.
If you want to die, everyone will die together. You can't all fight to the death on the battlefield and let the capitalists stab in the back.
"Standard system reform" is the countermeasure that everyone has come up with. Once the capitalists withdraw funds on a large scale, it will completely decouple the pound from gold.
Just as the French government did at the end of the European War. At the same time as the abandonment of the gold standard, the free convertibility of the franc to gold was also stopped.
In the era of the gold standard, currencies that cannot be freely exchanged are worthless, and the international capital market does not recognize them. Taking them out is waste paper.
There was no reserve limit, and in order to raise funds, the French government recklessly printed money, and inflation quickly swept the country.
In order to preserve their wealth, capitalists who hold large amounts of francs have to buy assets.
After the defeat of the war, the capitalists who held a large amount of assets were successfully trapped in France and their vitality was greatly damaged. Some of the unfortunate ones were also tried as war criminals.
The aristocrats who were originally in an economically disadvantaged position gradually gained the upper hand in the subsequent struggles and returned to the era of aristocracy and bureaucracy.
There are ready-made examples out there, and it is natural for the British government to use them to scare domestic capitalists.
There is no problem with running away, and it is impossible to roll money. Either pay for government bonds and transfuse blood for this war;
No, to be precise, only big capitalists and consortia are going to die. Other interest groups will only suffer heavy losses, not necessarily fatal.
If anyone pays attention, they will find that the correspondence between the great British nobles and their European relatives has become more frequent in recent times.
It is hard to say whether it is normal communication between relatives, or whether they are looking for someone to connect with each other and prepare for the future.
After all, the Holy Roman Empire is the stronghold of conservative forces, and it is very stubborn when it comes to maintaining good traditions.
Just look at France after the war. Except for a few nobles who did not have long eyes, they were sent to the military court, and the rest were lightly let go.
With such a ready-made case, it is not surprising that everyone is showing a positive attitude. After all, the ship is going to sink, and the people on it have to find a way to survive.
The specific manifestations are: the voices of the British Isles for negotiation are rising, and more and more people are calling for the London government to end the war.
As for how to end the war, that is the government's business. Anyway, "anti-war" is definitely right now.
…
Buckingham Palace, a distraught Edward VII holding a crumpled and reopened encrypted telegram.
Compared with the content of the telegram, the address that needs to be kept secret is the Vienna Palace.
As the two major royal families in the European monarchy world, the Gotha family and the Habsburg family are naturally married, and more than once.
Franz and Edward VII are still the real family of their children. But in the European world, it has always been "relative to relatives, war to war".
The First World War in the original time and space was a big melee between relatives, and this time was no exception.
It's just that Edward VII is a little bit tragic. His great uncle in Europe, unfortunately, stands on the opposite side of all his relatives, and is now being beaten by everyone.
In the early days of the war, Edward VII took the initiative to reduce contact with relatives in order to avoid suspicion.
It is a pity that the development of the situation is very face-saving, and the situation is about to end. For the future of the British Empire, in order to keep the throne of the family, we have to restore contact now.
Different from the original time and space, due to the influence of the butterfly effect, the central figure of the European royal family has now become Franz, not his European uncle.
Judging from the reaction of Edward VII, it is known that the "in-law" of the Vienna Palace did not give face.
After calming down, Edward VII was quickly relieved. It involves national interests, and it is not easy to put it on anyone.
Now that the war is going on, it can no longer be stopped if it is said to stop.
The anti-war voices of the British people are rising, mainly due to the impact of bombing and shortage of materials, and everyone's life is about to end.
But the Holy Roman Empire is different. Now from top to bottom, they want to pull down the British Empire and go to be the world hegemony to drink and eat meat.
Now that Britain wants to negotiate an armistice, the conditions cannot be harsh. As three points requested on the telegram:
1. The transfer of all colonies;
2. Independence of Ireland, Independence of Scotland, Independence of Wales;
3. Compensation for the losses of the participating countries in the Continental Alliance.
In addition to the third article of compensation for losses, there is no specific figure, and there is room for negotiation, the first two are rigid regulations. If you are satisfied, you can negotiate. If you are not satisfied, there is no need to negotiate.
Under such conditions, if Edward VII dared to agree, Buckingham Palace would have to change its owner within three days.
Although he knew that the ending was not ideal, George couldn't help but asked, "Father, what does the telegram say?"
"See for yourself!"
Edward VII handed over the telegram as he spoke. It can be seen that his mood is very low now, and he doesn't even want to say more.
"It's impossible! It's so deceiving that the great British Empire has decided not to tolerate it..."
Without waiting for his son to reveal all his thoughts, Edward VII interrupted: "Don't say these are useless, meaningless.
Franz dared to be so tough, not because our poor performance on the battlefield made him think that the Holy Roman Empire was sure to win.
The war broke out for more than half a year, and the empire was defeated all the way, and it has never won a large-scale battle.
Now all countries in the world have joined the Continental Alliance, and the strength of the enemy is growing like a snowball. Translocation, I will do the same. "
Calmness is Edward VII's greatest strength. Even if the situation is so unfavorable, he can still think rationally without complaining.
George: "But we..."
"No but! In this era of the strong eating the weak, being weak is the greatest original sin.
In the past, when Britain was strong and prosperous, it also treated other countries in this way, and even behaved aggressively.
Now Britain is weak and has fallen behind in international competition, and now it is our turn to be unlucky.
Unless we can turn things around in the next war, the final armistice will only be worse than this. "
Edward VII said earnestly.
After listening to his father's explanation, George's brows tightened even more: "I'm afraid the people will not accept this armistice treaty. It's not acceptable to the royal family..."
Perhaps because of tradition, Queen Victoria did not like Edward, thinking that he was vain and difficult to be king.
Now Edward was dissatisfied with his son again, and was even more disappointed by George's political responsiveness.
Fortunately, Edward VII was not a transmigrator, otherwise he knew of the divine operation of George's history of giving up monarchical power, and he had to find a way to change his heir.
"Accept the armistice"
What a joke, how can the royal family do this kind of thing.
All the people of the country can testify that since the outbreak of the war, the revered His Majesty Edward VII has fallen ill and all government affairs have been entrusted to the cabinet government.
Anyone with a little political savvy knows that it is not only power that is entrusted, but also responsibilities.
From beginning to end, Edward VII was not involved in the war. Even if you want to do something, you will be approved for a vest.
Since they did not participate, no matter how serious the consequences were, the royal family would not be involved, and all the responsibilities belonged to the cabinet government.
Contacting the Habsburg dynasty now is nothing more than adding an insurance to ensure that the royal family will not be liquidated after the defeat.
…
The capitalists wanted to run away, the royal family and nobles were busy preparing for the way back, and the London government, which danced on eggs, ushered in bad news again.
On October 2, 1905, the battle of the Indochina Peninsula, which lasted for four months, came to an end. Britain suffered a crushing defeat again, and the mainland coalition forces swept all the way to Burma, and the soldiers pointed directly at India.
Before it was too late to grieve, on October 7, 1905, the Suez Canal, which had been blocked for nearly a year, was restored to navigation.
The combined fleet can go east freely, and the biggest problem that restricts the continental coalition to attack India - logistics, can be solved by sea.
The fact that the Combined Fleet dares to divide its troops does not mean that the Royal Navy can also divide its troops. You must know that taking the inner waterway of the Mediterranean Sea is not a little bit closer than the Royal Navy that takes a detour.
Once the royal troops are divided, 100% of the time will be used by the combined fleet to catch them by surprise and endanger the safety of the homeland.
However, without any reinforcements, the connection between India and the mainland was cut off, and they could only fight alone.
Think about the Indian Colonial Army vs the European Union Army, how miserable that scene was. Without India, would the British Empire still have an "empire"
In front of the British government is: "India" or "Homeland". There is no doubt that this is a sending proposition.
Without waiting for the British government to make a choice, the countries of the Ocean Alliance, who were still hesitant, made a decision in an instant - to disembark, and to disembark at all costs.
Even Japan and the United States, which have not yet negotiated the terms, made a cut with the British at the first time, in order to minimize the fact that they were hostile to the Continental Alliance.
Everyone switched jobs, and John Bull, who was alone, naturally couldn't go on. If you don't negotiate while you still have some capital in your hands, you can put it off later...
Happy New Year
It's New Year's Eve now, and tomorrow is the Spring Festival. Haiyue would like to wish everyone an early year!
I wish all readers good health, a happy family, and all the best!