Bulgarian Empire

Kennedy was dumbfounded. Is there such an operation? Mr. Constantine is worthy of being the Prime Minister, and he still has this trick!

At this moment, Victor and Nicholas, who were under pressure, also reacted, and co-authored it on behalf of us.

That's all for Victor. Anyway, there are many capitalists behind the scenes, and the owners have also expressed that they want him to support the national debt. Taking it back to the east and the west, the sales of 10 to 20 million is not a big problem, and one-third of the share is almost digested internally.

Nicholas had a headache, and the Bulgarian National Bank, on the surface, seemed to have a deep foundation and a beautiful title.

His old customers died a few years ago, and new customers have not yet developed. It also has the Achilles' heel of state-owned banks, with a rigid system and a disadvantage in competition.

In terms of strength, he is not comparable to the Royal Bank; in terms of contacts, he is not comparable to the United Bank with a large number of capitalist backgrounds.

This time, the three companies jointly sold 50 million bonds, and they were the most problematic ones. But the two private banks have supported the government so hard. As state-owned banks, they can't come out and drag their feet!

At this moment, Kennedy also came back to his senses, ready to cut through the mess, took out the contract that had already been prepared, and distributed it among the three.

Nicholas is in a hurry. If this is evenly distributed, the Bulgarian National Bank will be in trouble. What is the level of the salesman under his hand, can he still not know? If the state-owned banks were not supported by the government and rely on them to go out to raise deposits, it is estimated that there would be mice running in the treasury.

With a flash of inspiration, Nicholas thought of a good way, just pull people into the water! It is better for the three families to take responsibility together than the unlucky family of their own. The involvement is so great that the government will not be able to hold them accountable!

He smiled and said: "Since it is a joint undertaking, there is no need to sign separately! I suggest that Mr. Carr take the lead and sign the contract on behalf of our three parties!"

Everyone's face changed slightly, and after thinking about it, they found something wrong. The Bulgarian National Bank is a public bank fully controlled by the government, and the possibility of default is completely zero, so it gave Nicholas a face, and the two sides signed a contract.

...

Regarding the failure of the government to issue bonds to the international market, Ferdinand had expected it as early as 1893, when European countries were suffering from an economic crisis.

The government dealt with it in a timely manner, and decisively transferred it to domestic sales, which preserved the country's reputation and did not give international capital a chance to take advantage of the fire.

In all Europe, Russia is now the least affected by the economic crisis. I don't know if Wilhelm II regretted that he tore up the German-Russian covenant too early, otherwise the Russian market is now the best medicine for the German economy.

Of course, Ferdinand thought too much. Germany in the economic crisis is beginning the second industrial revolution and will soon be reborn from the ashes. Then they ran wild, and the United States, which was also undergoing the second industrial revolution, surpassed the British Empire one after another.

But now the Russian market has become a good medicine for the Bulgarian economy. Since the alliance between Russia and Bulgaria, the trade volume between the two countries has continued to expand, and now it is Bulgaria's largest trading partner.

Now to sell the bond, Ferdinand once again thought of the bear nobility. Don't look at the financial resources of the Russian government, but their nobles are very wealthy. As long as a small number of people are interested in bonds, they will not worry about selling them.

...

Bulgarian construction bonds were quickly hyped up in the country. Every day there is propaganda in the newspapers to encourage the people to carry forward the spirit of patriotism and support the construction of the country. In general, the effect is not bad, especially after Ferdinand took the lead in buying 5 million levs.

Thanks to the substantial increase in the income of the Bulgarian people in recent years, there is still a slight balance in their hands. deposit in the bank? In this era, the high fees of banks, for small customers,

Not so cost-effective. Buying government bonds has become a new choice!

In order to increase the gold content of the national debt, Ferdinand also announced that the national debt can be used to pay taxes, but the interest that has not expired will be gone!

This business is contracted by Royal Bank and Union Bank together, and accepts Treasury bonds as collateral. And it is fully mortgaged, which is equivalent to currency, but the circulation is not very convenient.

No way, in the age of the gold standard, Ferdinand couldn't even print more money, so he could only issue currency in a different direction. As long as Bulgarian government bonds can be freely exchanged for currency at the bank, there is no need to worry about not being able to sell them.

...

Erinla is just an ordinary textile factory worker, working in the development zone and earning just barely. Her husband, Webbette, is also a skilled worker in a machine shop and earns a relatively good income.

Adding up the wages of the two people, after deducting the family expenses, there is a small savings every month. After a long period of time, it is already a considerable amount to them. Originally, I was going to deposit it in the bank, but after seeing the interest on the national debt, Irene was tempted again and was going to go back and discuss it with Weibot!

After dinner, Erinla looked for an opportunity and said, "Dear, what do you think of the national debt??"

"National debt, why are you asking this question all of a sudden? Haven't you always been concerned with politics?" Weber was a little surprised by his wife's performance.

Erinra explained: "Honey, it's different! It's not politics, it's just pure nation building bonds!!"

Weber, who was not very good at speaking, nodded, he hadn't paid attention to the news for a long time. In recent months, the machinery factory has always had unfinished orders. He has to work hard every day, and he doesn't know if it is a month or two months, and he has not taken vacations.

Whenever he wanted to rest, the supervisor would come over to do ideological work for him, telling him that overtime work was only for a short period of time. Thinking of the considerable overtime pay, Wiebert finally persevered.

Even so, Webbot still loves the machine shop, his boss, his supervisor! For nothing else, it is because the salary of the machinery factory is slightly higher than that of other factories, and the supervisor never arbitrarily deducts the salary; even if he is arranged to work a little more overtime, the overtime pay is never less.

That's enough for Webbot, it's a hell of a heaven compared to his previous work. He cherishes this job very much. Although he is a little busy, his income is high! Since he entered the machinery factory, his status at home has improved a lot, and he should always ask him to pay attention when encountering major events!

"Well, I'll go to the factory tomorrow to find someone to ask, and then make a decision!" Webbette thought for a while and said

"Well, you have to remember! I heard that the interest rate of national debt is very high!" Erinla urged again

"Got it!" Weber said wearily.

...