Holy Roman Empire

The Saoist operation of the Berlin government was shocked by the entire European world.

For the bourgeoisie, it is a hit.Prussia can play like this, and other countries can naturally follow suit. This is simply a sword hanging over everyone's head.

Public opinion is a criticism, but this has no effect.Since dare to overturn the table, the Berlin government will naturally not be afraid of being scolded.

Prussia's approach is not only the heavy losses of domestic capitalists, but also the wailing of overseas investors.

Since the news spread, the number of people who want to jump from Frankfurt has increased a lot.

Including the small and famous Flores, because of the error in the information, he accidentally took the plate and was hesitating whether to go to the rooftop.

Fortunately, after the end of the Russo-Prussian War, all Prussian company stocks fell to the bottom and were in a state of lock-up.

As long as there is no silly run to go long, the order is also low, and the loss is not too serious.

The Berlin government only confiscated the shares of criminals. In theory, the shares held by overseas investors are still valid.

This is also the main reason why the powers did not interfere. Although the means of the Berlin government are a little too aggressive, they are still dealing with internal affairs after all.

The most important thing is that the established facts have been created. Intervention will only make things more troublesome and increase everyone's losses.

As long as the company is still running, stocks have value.It's just that the major shareholder changed to the Berlin government, making the investment prospect confusing.

...

Vienna Palace

"Your Majesty, the situation has changed. Prussia's approach is likely to trigger a chain reaction. If the French follow suit, our plan will be difficult to succeed." Finance Minister Carl worried.

The sudden change also made a huge blow to the short-selling franc plan conspired by Britain and Austria.

Prussia can overturn the table, the French can do the same.Perhaps the Paris government dare not learn all, as long as a financial regulation comes, it is enough for everyone.

Franz shook his head: "This is not the same. The Berlin government is forced to do nothing.

Where France's body is placed, we will at most suppress the value of the franc and make a profit by the way. If they are not killed, the Paris government will not be so extreme.

If the Paris government really regulates financial affairs, it will help us a lot.Prussia is a ready-made example, the value of the mark has completely collapsed.

Perhaps this time we will lose money in speculation, but the Franc's withdrawal from the international market, this part of the share is enough to make up for our losses."

For currency hegemony, the three countries have fought for years.Although France is out, the franc still holds an important share in the international market.

In the era of the gold standard, the larger the economy, the greater the demand for gold.

France has a large economy, but its gold production is very limited, and it cannot meet the growing demand. The reserve for issuing francs has always been insufficient, and there are hidden security risks in the financial market.

In recent years, international hot money has been frequented.But the scale is not so big, even if it has some gains, it will not shake the status of the franc.

The interest is moving. After the speculators taste the sweetness, they naturally want to earn a greater profit.

This time the British and Austrian capital teamed up, it seems that Franz pushed in secret, in fact, this is just an introduction.Even without this primer, it will happen sooner or later.

Of course, this introduction is still very important. Without the participation of the government, even if the capitalists act, they will not have such a large scale.

Essentially, the French were suppressed by the British and Austrian Olympics because they moved the cheeses of the two countries.

The Paris government's African development plan is too hateful.In recent years, the French textile industry has developed rapidly and has seized many British markets.

Originally, it hurt the British people. In the African development plan, cotton cultivation was put first. How can John Bull endure?

While planting cotton, the French's African development plan is also preparing to promote new agricultural technologies in North Africa and expand the area of ​​agricultural products, which in turn moved Austrian cheese.

Against this background, if there is no suppression by Britain and Austria, there will be problems.

In contrast, competing for the franc's international market share is still of secondary importance, mainly for the financial sector.

After a moment of pause, Franz added: "The plan has progressed to this point, and it is no longer possible to quit if you want to quit.

I do n’t know much about financial matters, so I ’ll leave it to those who change jobs to take responsibility.

Right now, according to the plan, we will increase the dumping of France and consume their foreign exchange reserves as much as possible."

...

What is coming is still coming. Due to the special policy of the Berlin government, on November 11, 1881, the Berlin Stock Exchange just fell.

Waist chopping is a good performance, many stocks have only two or three percent left, and the market value of some stocks is even less than 10% of the original.

The net assets of some enterprises are several times higher than the market value, and the typical market value is inverted.

This is normal and assets do not equal cash.During the stock market crash, asset shrinkage is inevitable.In order to raise funds to get through the difficulties, do n’t cry too much.

With the development of free trade, the economic ties between countries are getting closer and closer.The stock market crash broke out in Prussia, and other countries should not want to be alone.

The first to be hit was naturally Frankfurt and London.The former collapsed in less than three days, and the latter collapsed in less than five days.

The Pandora's Box was opened, and the stock market crash quickly spread across the entire continent, and the stock markets of all countries were howling.

In less than a week, Vienna ’s stock market fell by 10%, the lowest in five years.

The stock market crash broke out in both Britain and Austria, and France is no exception.

In Paris, angry stockholders directly ignited the stock exchange. Fortunately, the staff arrived in time to put out the fire.

At the Palace of Versailles, Napoleon IV had not yet recovered from the stock market disaster, and the Economic Minister Elsa hurried in.

"Your Majesty, major events are not good. Hundreds of banks, including the Bank of Paris, the Bank of France, and the Imperial Bank, have been run at the same time, and the situation is very crisis.

Many people hold deposit certificates and specify requirements to exchange pounds and aegis. Our foreign exchange reserves are drastically decreasing.

You can be sure that someone has to make an empty franc.The run is just the beginning, and the enemy will attack later."

Hearing the bad news, a word immediately appeared in Napoleon IV's mind-"Financial Storm", and he paused and asked quickly: "Do you know who is manipulating?"

Economic Minister Elsa replied: "There are many participants. Almost all the world's top banks and securities companies have appeared. It can be roughly judged that the main force is British and Austrian capital.

The enemy's power is very strong. According to the information we have collected, it is estimated that they may hold 3 billion to 5 billion francs."

"3 billion to 5 billion francs" seems to be nothing for a big country like France, that is, the French government's annual revenue.

However, this is cash and not an asset.In the financial market, such a huge sum of money can completely mobilize tens of billions of international hot money and impact the French financial market.

Napoleon IV was shocked and said, "Does the financial sector know nothing about the enemy who raised so much money?"

Because Aegis and Sterling are both international settlement currencies, the foreign exchange reserves of both Britain and Austria are relatively low, and it is simply impossible to come up with so many francs.

The total circulation of the franc in the international market is actually billions.This means that the funds to initiate a run can only come from within France.

Economic Minister Elsa replied in a low voice: "Some time ago, several large banks in China issued large loans overseas, which were ordinary commercial projects, which did not attract everyone's attention.

This is determined by the system. Banks are free to grant loans, and the French government has no right to interfere.

Since it can't be controlled, it's naturally ignored.Anyway, the profit and loss are all the responsibility of the bank itself, and there is no need for the government to pay.

Napoleon IV stopped talking, knowing that this run of the run, with the participation of a domestic consortium, he could do nothing.

If it were not for the actions of the Berlin government that terrified the bourgeoisie not long ago, the French capital is definitely indispensable in the short franc army.

Now that everyone is invisible, they are already giving the government a face.Can't you keep everyone from making money?

After a moment of contemplation, Napoleon IV asked, "How are you going to deal with this crisis?"

Economic Minister Elsa: "Unlike in the past, this time the enemy is coming aggressively, certainly not just to take advantage of a small advantage.

... "