Holy Roman Empire

When Europe is in trouble, America is in trouble. With the vigorous development of international trade, the economic ties between countries are becoming closer and closer.

After the outbreak of the economic crisis, not only the downstream manufacturing, retail losses, intermediate wholesalers, upstream raw material suppliers have a count of one who can not escape.

Then, Argentina's beef and soybeans are not easy to sell, Chile's copper mines, saltpeter stagnation, the cotton of the allied countries rotten ground, the most heavy losses are naturally the United States of America, the farthest on the road to industrialization.

No choice, the economic crisis broke out, the big dumping came. In this regard, the British and Austrian interests are the same, can also be considered the common will of the European countries, after the split of the Americans simply do not have the strength to refuse.

It was not only the markets that were hit, but most tragically British capital, in response to the domestic crisis, withdrew its investments in the United States of America at a critical time.

Strikes, unemployment and populist agitation spread like wildfire. The crisis was especially aggravated by the "Free Silver" movement of 1892.

The price of silver has been lower not a day or two, "free silver" policy is undoubtedly will send the dollar on the road of devaluation and inflation.

Not that Americans do not know the consequences of the "free silver" policy, mainly forced out. In the face of competition from European industrial and commercial products, the U.S. domestic companies have few countervailing power.

In order to protect the domestic industry, the U.S. government had to take a stimulus policy. As for the resulting aftermath, naturally, the general public to pay the bill, of which the heaviest loss is undoubtedly agriculture.

But the United States of America are divided once, strong agricultural states are almost all followed the alliance countries to mix, the remaining states are capital dominated, naturally no one cares about these small problems.

When inflation meets economic crisis, the situation is quite different. The decrease in the purchasing power of the general public led directly to a further contraction of the market, and a vicious economic cycle began.

The withdrawal of British capital exacerbated the crisis even more, and a bizarre scene emerged. On the one hand, there was severe inflation, and on the other, there was a shortage of money in the market.

The United States of America, which had a severe shortage of gold reserves, was plunged into an economic crisis and a currency crisis at the same time.

To deal with the crisis and get out of the Great Depression Democratic President Cleveland took decisive measures: issuing government bonds to buy gold.

This opportunity to make a fortune was one that the bankers would not pass up. One side for these high-interest rate bonds to provide gold, one side and take paper money to exchange gold reserves.

Just one in and one out, the gold or the original gold, the reserves did not increase much, the middle of the spread has let the bankers earn a lot of money.

Looking at the information in his hands, Franz very doubtful that Cleveland is not by the bankers to buy, this kind of brain-dead monetary policy are taken out.

Suspicion aside, it didn't affect him in the least to go in for a piece of the action. The only pity is that the United States of America is not fat enough these days, the plate is really too small, and there are too many people to share the cake, and as a cross-river dragon gets even less.

The spread of $680,000 is the result of one month's operation of the Americas branch. For the average person is a huge sum of money, for Franz can only be considered better than nothing.

The follow-up was no longer of interest to Franz. No brain-dead policy is sustainable, and this money-giving policy is naturally no exception, and if Cleveland keeps playing it this way, maybe the US government won't wait until the end of his term before it's crushed by debt.

No matter how strange the gold bond policy is, it does not affect the fact that Cleveland is a "good president". Just because he repealed the "Mother of Trust" "McKinley Tariff Act", that must be a "good president".

......

According to the financial world, everyone is tied to risk, so that's not risk. Put in the same application, the world's economies together can also be about the same as no decline, at least in terms of relative national strength.

The goal was achieved, but Franz couldn't be happier. In any case, there was always a way to get through the economic crisis.

The countries had been dragged down, leaving no opportunity for their competitors to rise while they could, and the strategy had worked, but it had become harder to recover their economies.

Looking at the world map, Franz said helplessly: "The Foreign Ministry should be prepared to mediate the war between Japan and the West, the Spanish will soon be unable to hold out, and the Japanese are not much better.

If the war continues, I'm afraid it will become a war of attrition between us and the British. With the intensity of the Philippine campaign, another three to five years may not be able to distinguish between the winners and losers.

Doomed to a fruitless game, there is no need to continue to waste funds. Now is the best time to collect the handsets, and I don't think the British will be willing to float the money."

The war between two poor people, if it continues, will end up with the unlucky gold owners. Although these days it has not developed to the point where "money owed is a big deal", but when it comes to the owner who has no money, there is still nothing we can do.

Spain is still relatively better off, at least there are a few rich colonies, more or less worth some money; Japan is really poor. If they get the Philippine Islands, it's just a matter of getting the money back, but if they don't, the British will have to pay back their investment.

The oil yield of soya beans is 20 per cent, of rapeseed 36 per cent, of sesame seed 45 per cent, but can you make oil out of chaff?

Taking it upon himself to replace Franz in the position of the British government, now also have to consider whether it is worthwhile to continue to invest in the Japanese.

By capital to wear out the enemy, if the opposite side is the Russians is more or less the same, unfortunately this time the opponent is the Shinra Empire, without billions of pounds into it, can't even bubble out.

Even though the British had more capital, the Shinra had more staying power! The war of attrition tested not only capital, but endurance was equally important.

Foreign Minister Wiesenberg wrinkled his brow: "Your Majesty, the key to mediating the war between Japan and the West lies in the ownership of the Philippine Islands. Having reached this point in the war, I am afraid that neither Japan nor the West will give in easily.

If we choose to make peace and let the two countries co-manage the Philippine Islands, we can end the war right now, but the two sides will be fighting again in a few years.

We don't have that much time to dwell on it, and from the standpoint of the Empire, the best way is to get the Japanese to give up.

To get the Japanese government to give in, it's definitely not enough for us and Spain alone, and even pulling in the entire European Union won't work, unless the British support us as well.

Just ......"

Franz interrupted, "No just! The Philippine War was fought by Japan and Spain. Don't you think we're getting too involved?

At this point in time, it's time for the Spaniards to make an effort on their own. Even if they are as bad as they are, as a European country, they can't lose to the Japanese in the fight for public opinion in Europe, right?

Let them mobilize their influence to give themselves momentum in Europe, and by the way describe Japan as a bit more barbaric, that's about it.

Now but the economic crisis period, the British Parliament and not to eat idle, there are so many pairs of eyes on, London government from where to get so much funding to support the Japanese.

Ending the war between Japan and the West, with less of this gold swallowing beast, the government finances can also take a breather. It's very good for the economy that follows."

War costs money, and with the Philippine campaign going on so far, both Japan and the West need "a lot of money" and "a lot of supplies". Mere verbal support had no meaning anymore.

Once the public opinion was stirred up, if the British government provided money to support Japan, the croaking British people would definitely not be able to afford to pay for it.

The opposition parties are the natural allies of the Spanish government when it comes to grabbing the government by the balls, and they will definitely have a field day in Parliament once the issue pops up.

Even though the British government can imply that the consortium gives loans to the Japanese, they don't guarantee the security of the debt, but who would lend money to the Japanese government that looks at first glance like it has no ability to repay?

It's hard for the moneyless Japanese government not to compromise. If you don't negotiate while you still have something in your hands, you won't even have the capital to negotiate if you drag it out later.

The only regret was that the war between Japan and the West was over, and the Holy Roman Empire was unable to maximize its profits. Purely in terms of return on investment, the Vienna government had done the equivalent of a money-losing deal this time.

But in order to get out of the economic crisis as soon as possible, Franz couldn't care less about losing money. The monthly consumption of more than ten million S.H.I.E.L.D., used to restore the economy, could create tens of thousands of jobs.

After all, the Vienna government was now truly poor. Not only did the domestic economy need to be restored, it also had to take the money to relieve a few of its little brothers.

Bankruptcy is bankruptcy, the government always still has to be there. The debt problem can be put aside first, but the social order of the countries cannot collapse.

The Holy Roman Empire, as the leader of Europe, has become the guardian of order. The "good old days" of watching the fun and not getting too big, are gone.

......

Prime Minister Khar: "Your Majesty, given the exceptional circumstances, the Cabinet is prepared to invest more in infrastructure and bring forward the launch of the Asia-Africa-Europe Ring Road railway to boost domestic economic recovery through the infrastructure industry.

The government is also planning to divide the project into several sub-projects and finance the construction of the sections with higher returns to reduce costs, considering the huge investment in the project.

The remaining sections that are difficult to construct and do not see a return on investment will be funded by the government itself. The main funding is through bank loans and issuance of government bonds.

The current situation is very favorable to us, and more than a dozen European countries, including Russia, Spain, Belgium, Switzerland, Saarland and Lu, have borrowed large amounts of money from us in the recent period.

The God's Shield settlement system has been considered a few books established on the European continent, which happened to catch the economic crisis, and the British are now looking after themselves.

As long as we can come out of the economic crisis one step ahead of the others, SHIELD has the absolute upper hand in the fight for monetary hegemony.

Once Europe is stable, it's simple to go from Europe to the world. It's nothing more than a matter of buying and selling, and no matter what governments think, the capitalists are very welcome to the Goddard."

A strategic railway that loses money is destined to be paid for only by governments. There was no way around it, the pitfall routine could only be used once. The capitalists had been fooled once in the great domestic railroad construction more than thirty years earlier, and now everyone had gotten smart.

No matter how good your story is, if you can't see the return on investment, no one cares.

The "Asia-Africa-Europe Ring Railway" sounds overbearing, but in reality it is just like that. It is nothing more than linking up existing railways to make up for the missing links in the middle of the line.

It was hoped that this "money-making", perhaps a four- or five-fold increase in the population of the Holy Roman Empire, would see a glimmer of hope.

That's just the nominal "money", as the operating income is greater than the operating costs, and the population would have to increase by a factor of seven or eight to recoup the investment and get a decent rate of return.

The future can not be realized do not know, anyway, Franz's lifetime is unlikely to see. It doesn't matter what the payoff is, the point is that it has to be worth it.

In theory, as long as the Shinra Navy was able to master the Mediterranean Sea, this railroad, which seemed to be of full strategic significance, would have no practical significance. After all, sea transport was cheaper, and after the railroad spared a large circle, the merchant ships were running several round trips.

From the current international situation, the hegemony of the Shinra Navy in the Mediterranean Sea has been fully established, even the British can not shake.

If the British really had the courage to send the main force of the Royal Navy into the Mediterranean, Franz would laugh in his dreams. The washbasin was no joke, and it wasn't like anyone had ruled that naval warfare could only be fought by the Navy.

As the world's number one air power, Franz could tyrannically declare that coastal areas were off-limits to warships of all nations.

Whether it was taking off from the Asian, African and European continental circles, or from the Italian peninsula, the Shinra Air Force could make them eat their way out.

It didn't matter if the hits were low, as long as the numbers went up, there would always be gains. If not, the Japanese "kamikaze" brigade was also good.

In addition to the planes in the sky, there were also submarines underwater. Originally, Shinra was not very good in the development of submarine technology, but with the end of the war against France, the situation was improved.

The Shinra Navy also had its own submarine fleet based on the submarine technology inherited from the French. The only regret was that the technology had not been broken through, and the navy could only play in coastal warfare.

With all these advantages, the Vienna government's demand for the "Asia-Africa-Europe railway" was naturally low. If it wasn't for the economic crisis, it is unlikely that the railway would even have been built.

There are no ifs in reality, but if it had happened, then the Circle Line would have been born. Wasteful, perhaps. But that's nothing compared to the positives that would come from starting the railway line.

After all, restoring the economy was the Vienna government's immediate priority. Being able to get out of the economic crisis a day sooner, the God's Shield would be able to gain an extra point in the struggle for monetary hegemony.