Bulgarian Empire

How can I get enough gold?

This is the biggest problem facing the Bulgarian government. As long as there is enough gold, enough banknotes can be printed to satisfy circulation in the market.

It can not only promote business development, but also raise enough funds for the government to solve the financial crisis!

Ferdinand was on the point. If everything had to be explained clearly, why did he need his subordinates?

As for the next thing, he believes that the Ministry of Finance will know how to do it! Anyway, he is also the most outstanding financial personnel in Bulgaria. Now who in Bulgaria has gold in their hands, can they not know?

After thinking about it for a while, Ferdinand decided to speak out. He said seriously: "In addition, the loan matter still cannot be stopped and must be implemented in the first half of this year! From the perspective of the international economic situation, from 1893 to the present, the world It has been booming for almost six years.

According to the analysis of the current situation, there are some abnormalities in the Russian stock market recently. Some people probably think that the wheat can be harvested. The future fluctuations in the stock market are likely to trigger a financial crisis in Russia.

Now our economy is tied to the Russians. Once the Russian financial market is in turmoil and an economic crisis breaks out, we will not be immune to it alone! "

After hearing Ferdinand's words, everyone's expressions changed drastically. In recent years, the capitalist world economy has experienced a high growth rate, and Bulgaria is no exception, with rapid economic growth.

Now suddenly some people say that the economic dividend has passed and the economic crisis is about to break out. How can they not be worried?

Especially Bulgaria is still in the midst of mass immigration. After the outbreak of the economic crisis, the unemployment rate has increased significantly, and the employment placement of immigrants has become even more difficult!

The chancellor of the exchequer, Kennedy, reacted first and said: "Your Majesty, what happened in the Russian stock market remains to be understood in detail. Under normal circumstances, the outbreak of the Russian economic crisis will spread to Bulgaria in at most two or three months. Export trade will be hit hard!

If the economic crisis may break out in the near future, then we must accumulate emergency funds, and the time to open the stock market must also be postponed!

Otherwise, international capital is likely to also focus on Bulgaria. Given our current situation, we don't have the energy to fight a financial war with them! "

Ferdinand nodded. The main purpose of opening up the stock market is to raise funds for the construction of the railway behind Bulgaria, but this must be done under a good economic environment!

Otherwise, let alone raising funds, even if it was given away at the price of cabbage, no one would want it!

As for fighting financial wars, don't be ridiculous, this is completely putting money on your face!

As far as Bulgaria's current financial market is concerned, it is completely undefended now, and it will be fine if it is not open. Once it is open, international capital will not be allowed to come and go freely.

Oh, it's not that bad either! At present, the financial market in Bulgaria has not yet grown up, no matter how hard you search, there will not be a few drops of oil in the lean meat!

Ferdinand said with a smile: "Let's put it down for now and discuss it after the economic crisis is over! Now it's time to raise funds. The economic crisis is both a crisis and an opportunity!"

When the last economic crisis broke out, our strength was still too weak, and we had no way to get a share of the pie. Even so, didn't he take the opportunity to drag down a few competitors?

If we can seize this opportunity, it will be no dream for us to struggle for ten or eight years! "

In the Balkan Wars, Bulgaria snatched the biggest piece of cake, and it was also inseparable from the economic crisis from 1890 to 1893!

Arms race + economic crisis, whether it is Serbia, Greece, the Ottoman Empire, or Romania have suffered heavy economic losses. Among them, Serbia and the Ottoman Empire also triggered domestic conflicts!

Even the Austro-Hungarian Empire did not hide from it. During Ferdinand's takeover battle, a financial crisis was induced, and it took a long time to recover!

...

As soon as the cabinet meeting was over, the Ministry of Finance moved into action. If you want to make a fortune in the economic crisis, the prerequisite is to have enough funds!

Now Kennedy is holding an internal Treasury meeting,

Worry about the gold thing.

"As you all know, we have been constrained by insufficient gold reserves and the inability to issue enough currency to circulate in the market.

There are still a large amount of foreign currency in circulation in the Bulgarian market, and the government can't even ban it. Pound sterling, franc, ruble, mark, kroner... basically the mainstream currencies in the world can be found here.

As a result, a lot of our wealth has been earned away for nothing. At the same time, it also restricts our domestic commercial development, in order to solve this problem.

At the cabinet meeting just now, His Majesty has decided to issue additional currency to overcome the financial crisis. Our Ministry of Finance must solve the problem of gold reserves!

Now if you have any suggestions, please speak up and discuss them. This matter is related to the future development of Bulgaria. It should be resolved sooner rather than later. It is a huge victory to solve the currency issue one day earlier! "

The director in charge of currency issuance thought for a while and said: "With the current gold reserves of the National Bank, the currency we can issue has reached its limit. If we want to continue to issue more currency, we can only find a way in other places!"

The Balkan region has been the main producer of gold in Europe since ancient times, and there should be a lot of gold circulating among the people. If all the folk gold can be collected, part of the problem should be solved!

Previously, during the Balkan Wars, the military seized a lot of gold, and this batch of gold was our emergency, otherwise the problems we are facing now will be even more serious! "

Kennedy shook his head and said, "It's difficult! Most of the folk gold is scattered, and most of them are various handicraft products. Putting aside other factors, the purchase price alone will be much higher. The gain outweighs the loss!"

The director of the Tax Department thought for a while and said, "Actually, it's not that we don't have gold in Bulgaria, but it's not in the hands of the government! As far as I know, the Royal Bank and Union Bank have a large amount of international exchange business, and they both store a large amount of gold in their hands." !"

"About how many?" Kennedy asked eagerly.

As long as there is, the Ministry of Finance has a way to take it out of their hands. It is nothing more than an exchange of benefits. What Kennedy is worried about now is that they have too little gold reserves in their hands!

The Director of Taxation thought for a while and said: "The two companies together have at least a dozen tons of gold, maybe even more. In recent years, they have also acquired several gold mines, and the mined gold has been stored and not sold to the outside world! "

After hearing the specific figures, Kennedy's complexion suddenly became much better. This number is much larger than he expected, and now the Bulgarian country's gold reserves are only about 30 tons.

If this part of gold is included in the currency reserve, at least another 300 to 400 million levs of currency can be issued to the market, which will greatly alleviate Bulgaria's current plight of insufficient currency flow!

Kennedy thought for a while and said, "Send someone to talk to them right away, any terms are negotiable!"

"Forget it, I'll go talk to them myself!"

Thinking of the horrible backgrounds of these two banks, Kennedy decided that it would be safer to do it himself. In case his subordinates screwed up, he still had to clean up the mess.

Behind the Royal Bank is Ferdinand, and behind the United Bank is most of the Bulgarian business community, and no one is easy to mess with.

Although they are under the jurisdiction of the Ministry of Finance, it does not mean that they will definitely listen to the words of the Ministry of Finance, especially when there are enough interests involved!

In line with the persimmon first to find the soft pinch, Kennedy took the lead in finding the United Bank. After all, compared with Ferdinand, the Bulgarian business community is still easier to provoke, at least they still want to give the Minister of Finance face!

If you go to the Royal Bank first, the person in charge is Palace Minister Karl, if the conversation gets lost, you can just throw him out, it's not impossible!

At this time, President Victor of Union Bank has been waiting for the people from the Ministry of Finance to come to his door!

When looking for help, Kennedy had a very good attitude, and said apologetically, "Mr. Victor, I'm very sorry for taking the liberty to disturb you this time!"

Even though Victor already knew the reason for Kennedy's visit, the businessman's nature made him continue to pretend to be confused, made a flattered expression, and tried to smile and said: "Where! It's an honor for Mr. Kennedy to visit! I don't know Your Excellency is here this time, so what advice do you have?"

Kennedy smiled and said, "I don't dare to be an advisor. In fact, I'm here to ask you for help this time!"

Victor pretended to be surprised and said: "Oh! What can I help you with? Your Excellency, just give orders, as long as it is within my ability, I will never refuse!"

After hearing Victor's words, Kennedy's face darkened, and he thought to himself: Old fox, why don't you refuse within your ability? It's better to say that it is beyond the scope of ability, so I don't talk about it!

"Your Excellency can definitely help you with this matter! Our Ministry of Finance wants to purchase a batch of gold from your bank. Mr. Victor must help with this matter!" Even though he knew Victor was just being polite, Kennedy still directly stated the intention

Victor's face changed slightly, and he said with some embarrassment: "I am dissatisfied with Mr. Kennedy, the Ministry of Finance wants to buy gold, if the quantity is not large, I can agree immediately!

If the amount is too large, please forgive me for being powerless. Now the board of directors has decided to shrink money and increase gold reserves to deal with the crisis! "

Kennedy's face changed slightly, and he asked suspiciously: "What crisis? With the strength of your bank, you must be so cautious!"

Victor said with some hesitation: "I am dissatisfied with Mr. Kennedy. This involves commercial secrets, and I cannot disclose it! In short, in this crisis, our United Bank must go all out!"

Kennedy was stunned for a moment, thinking: Could it be that people in the industrial and commercial circles have already noticed something and are starting to make preparations now?

He asked tentatively, "Could it be that the economic crisis is about to break out again?"

Victor's face changed drastically, and Kennedy knew he had guessed the answer!

"Your bank is really well-informed. There is no fluctuation in the market now. How do you judge that there will be an economic crisis?" Kennedy continued to ask.

After thinking for a while, Victor said, "Since Mr. Kennedy already knows, I'll just say it straight.

In the international financial market, the recent capital flow of those Jewish capitalists is a bit wrong, and it seems that they are going to make another move.

You know, basically once the group of vampires move, there will be no peace in this world. Although we don't know who they are targeting this time, for the sake of caution, we decided to carry out a strategic contraction, so as not to be cannon fodder! "

After listening to Victor's words, Kennedy knew that if he didn't pay a big price this time, Union Bank would not give out gold! After all, the safest measure to deal with a financial crisis is to hold a large amount of cash. What is safer than gold now?

Kennedy said straight to the point: "Mr. Victor, let's not go around in circles. The purpose of my visit this time is to include the gold stored in your bank into the currency reserve. You can ask for any conditions!"

Victor didn't think about it, and said directly: "Since Mr. Kennedy said it bluntly, I won't forgive you. It's okay to include the gold we store in the currency reserve!

However, our United Bank must also participate in currency issuance and have a certain right to speak! "

Kennedy's face darkened, and he pretended to be angry and said, "You are taking advantage of the fire!"

Victor shook his head and said: "No! This is not our responsibility. The main responsibility for the current situation should be the responsibility of the government! If the National Bank under the government is capable of undertaking the heavy responsibility of issuing currency, we will also Have fun!

But now, there are all kinds of currencies in Bulgaria. In order to carry out business, we have to spend a lot of money to buy gold and exchange it!

Since the National Bank does not have the ability to undertake the heavy responsibility of issuing currency, why can't it be entrusted to us?

Mr. Kennedy, please believe that with our participation, the Bulgarian government will never have a headache because of insufficient currency flow in the future! "

Now Kennedy is hesitating in his mind whether to add Union Bank to the currency issue. And once the United Bank joins, the Royal Bank will definitely join, and the government's right to speak in it will definitely be greatly weakened!

"How much gold can you take out as a reserve?" Kennedy asked coldly

Victor smiled and said, "We will pay as much as the government pays. Don't worry, we won't take advantage of it!"

Kennedy's face changed drastically. This is not taking advantage of the fire, it is clearly well prepared! Dare to shout "as much as the government pays, we will pay as much", which also means that the strength of Union Bank has far exceeded their estimates!

At this moment, Kennedy had scolded the National Bank people to death in his heart.

A commercial bank that has just been established for a few years can have the same gold reserves as the government's reserves, which is enough to show how incompetent the National Bank is!

Thinking about it carefully, he suddenly discovered that the gold reserves of the National Bank seemed to be settled by the government, and they themselves didn't seem to have contributed.

At this moment, Kennedy has decided to completely reorganize the National Bank, a bank that can only waste national resources and cannot create benefits, and keeping it is a crime!