After seeing that Eder had dealt with the documents on the reconstruction of northern Moldavia, Prime Minister Brettianu immediately pretended to be concerned and asked, "Your Majesty, what should we do with this batch of gold?" ”

As soon as Edel heard that the meat show was coming, he also pretended to be confused and said, "Put it in the reserve bank first, and talk about it when the war is over." ”

As soon as Eder heard that he planned to wait until the end of the war to consider the use of the gold, Prime Minister Brettianu stopped putting it on. "Your Majesty, at present, the government is running out of funds because of the procurement of war materials, the pacification of the people of the newly occupied territories, and the resettlement of people returning from Northern Moldavia. We have to have new funding to continue, so you can see if we can allocate some of that to solve the current difficulties first. ”

Eder was somewhat silent in the face of Prime Minister Brettianu's request, in fact, he had his own ideas about the gold. In Eder's view, the current gold from Kazan is not the best time to use it. After the end of World War I, the pacification of Romania's newly occupied territories and the acquisition of German industry were the most valuable ones.

When I think of the huge debts that Germany had incurred after the war, and the environment in which it was suppressed. With a large number of experienced technicians and outrageously cheap factories, Eder felt it was his responsibility to keep them and these factories alive on Romanian soil. This was the greatest contribution he could make as a member of the Hohenzollern family to these poor German people.

As for the panicked people who were about to be annexed to Romania, Eder also felt that they needed to feel that the new kingdom valued them, and that it was also appropriate to give them some economic benefits. However, both of these require a huge amount of money, and the current batch of gold is the largest capital he intends to do both things.

So Eder was reluctant to the Prime Minister's suggestion to use this batch of gold.

Prime Minister Brettianu saw that the king was silent about his proposal, and said a little impatiently: "Your Majesty, there are too many materials that need to be procured at present, and our government's finances are quite tight, and we really need a fund to alleviate this situation." ”

Faced with the Prime Minister's urging, Eder instead asked, "Can't the government issue another national debt to alleviate it?" ”

In the face of the king's concern for him, Prime Minister Bretianu smiled bitterly. The king thought that they had not considered this solution, but in fact the government had already made this idea, but unfortunately it was not realistic. At present, the domestic capital is not strong, and many entrepreneurs are resentful of the kingdom joining the Entente camp, and they will not be active in buying (in other words, whoever makes himself from a big profit to a possible loss has resentment. This is a matter of uncaring and unpatriotic, and capital is profit-seeking). Moreover, these enterprises basically rely on the war money they have made in the past few years, and many of the people who have made money have invested it in expanding production, so it is impossible to expect the country to digest this batch of national debts.

Therefore, the prime minister bluntly said: "Your Majesty, it is difficult for the domestic economy to withstand the issuance of this government bond at present. This is not a small sum of money, but a war bond of almost two billion lei. ”

Hearing the Prime Minister's words, Eder was also taken aback. With so much money, how do you calculate it?

Seeing that the king was also a little unconvinced, the prime minister immediately stated his reasons: "This amount of money includes the cost of continuing to purchase war materials, as well as the pension of the fallen soldiers and the settlement of the disabled soldiers. You must know that the number of dead soldiers and disabled discharged soldiers reported by the General Staff has reached more than 70,000, and all of this requires a large amount of money. ”

Eder knew about it. At that time, when the newspaper came up, he was also shocked. Because Romania suffered some losses in the face of the German army in North Moldavia, the other fronts were smooth, why did the casualties be so large.

When Prieshan explained to the king, he realized that although the battle was in Romania's favor, the number of casualties was not small. The first was the Battle of Transylvania, in which Romania suffered more than 40,000 casualties and missing. Among them, more than 25,000 soldiers died and could no longer continue to fight after being healed. The Bulgarian campaign, on the other hand, had the smallest number of Romanian casualties, with more than 24,000 casualties and missing, and more than 11,000 dead and soldiers who could not continue fighting. As for the Battle of North Moldavia, in which the Romanian army suffered the heaviest casualties, more than 80,000 casualties and missing were lost, of which more than 45,000 were killed or discharged due to wounds and illnesses.

According to the Romanian standard of 6,000 lei killed and more than 5,000 to 3,000 disabled, this is more than 300 million lei of funds. This money cannot be delayed, and this is a major matter related to the morale of the army. So Prime Minister Bretianu was also in a hurry, and he had no choice but to start the idea of this windfall.

Despite the prime minister's good reasons, Eder was still a little unwilling, so he said another solution.

"The government can go to London or New York and issue war bonds."

In the face of the king's suggestion, Prime Minister Bretianu said directly. "Your Majesty, we have already thought about it, and this will not fill the funding gap either."

Seeing that the king was a little unconvinced, the prime minister gave the reason. "At the moment, both the British and French have their own government bonds that are not selling well in the financial markets of London and Paris, while in the United States, we have approached banks such as Morgan and Citigroup. They said that they could only take on $100 million in the issuance of our war bonds, and that the interest rate would have to be one percentage point higher than that of the British and French bonds. Because the American people have concerns about our country's ability to repay. ”

Eder sighed secretly when he heard the Prime Minister's merciless words. This is all due to the fact that Romania has not been well known in the world for a short period of time. However, this is already much better, if you follow the historical situation in Romania, it is estimated that 50 million US dollars is enough, and it is estimated that Britain and France will have to guarantee it.

Hearing the Prime Minister's explanation, Edel thought for a moment and said. "Well, the issuance of war bonds still has to be carried out. At their behest, they issued a war bond of 100 million lei in the United States, and then issued 500 million lei of war bonds at home and in Britain and France. For the remaining billion, a part of the gold was used as collateral to issue billion-lei banknotes to finance the war. ”

After Eder finished speaking, he looked at the Chancellor of the Exchequer, who was standing behind the Prime Minister. Lord Albert, who had worked in the Treasury for many years, immediately understood the king's intentions, and he stepped forward directly and asked, "Your Majesty, what proportion of gold is this banknote issued?"

The intent of Lord Albert's words was understood by all who were present. Although it is now on the gold standard, it is not a classical gold standard, and 100 million lei of gold is issued for 100 million banknotes. Although paper money can still be exchanged for gold, the complicated procedures block a large number of ordinary people, and the exchange of paper money for gold between countries also needs to be considered. I don't believe it, after the war of time and space, Britain and France owed the debts in their own domestic gold reserves have long been insufficient, and the United States, as the main creditor, still does not dare to force them to repay, so they can only negotiate in exchange for benefits.

Romania doesn't have that strength, so Eder thought about it and said, "Let's just go three to one." ”

After finishing speaking, Eder sighed secretly, this batch of gold has only arrived in Romania, which is less than one-tenth, who can stand it if it comes a few more times.

And when the prime minister saw that he had received the money, he quickly left the palace with the chancellor of the exchequer. The work of the government was so busy that if it weren't for the importance of this time, he would not have bothered to come over and bargain with the king.

After the Prime Minister left, Eder didn't have time to rest when the guards came in again to report that the Chief of the General Staff, Admiral Prishan had arrived.