In 1925, there was a massive devaluation of currencies all over the world, and Bulgaria's Lev was no exception, but because the government held on to the gold standard, it did not happen.

If you look at it from the base of gold, the value of Lev's currency has not changed, but Ferdinand knew that it was all used to fool people, and Lev had actually been depreciating for a long time.

It is an indisputable fact that inflation has persisted, and from 1914 to the present day, the general level of prices in Bulgaria has risen by twenty-four percent, and the purchasing power of the currency has been declining.

In the past decade, the world's total gold has increased by nearly 50 percent, and the world's total currency issuance has increased by more than 50 percent due to the effect of supply and demand.

At least Bulgaria's money supply was more than three times that of 1914, and although gold reserves also tripled on the books, this only stabilized the international exchange rate.

In terms of economics, the people who took out loans earned it, and the interest on deposits barely outperformed the inflation.

All this is overshadowed by the background of the rapid development of the Bulgarian economy.

The people can not know, but Ferdinand can't and doesn't know, these problems must be solved, otherwise if it continues, the Bulgarian economy will have problems sooner or later.

"Mr. Kennedy, what do you think about domestic inflation?" Ferdinand asked

"Your Majesty, the problem is very complicated, and now there is inflation all over the world, and the main cause is still starting with the abandonment of the gold standard by the French.

Since then, the value of the franc has plummeted, and the export competitiveness of French goods has increased dramatically due to the depreciation of the currency.

Due to the impact of French goods, prices in all countries of the world have now been hit, and inflation has quickly spread to the whole world!

Fortunately, the industrial capacity of the French is not very good, otherwise the inflation in the world will be more serious now, and as a member of the world economic system, it is difficult for us to be immune! Chancellor of the Exchequer John F. Kennedy explained

"No, even if the French dump goods all over the world, they will only cause prices to fall, how can they cause prices to rise?" Ferdinand asked, confused

"Your Majesty, the price of raw materials in the international market has risen, and the cost of labor has also increased, and these factors are the direct cause of the rise in prices!" Kennedy said with some hesitation

"Lauren, how many industrial raw materials do we buy each year? Is it possible to find a way to change suppliers? Ferdinand asked with concern

This is a very important question, if the Bulgarian industrial system has not yet been able to get rid of its dependence on foreign raw materials, the lessons of the Germans are in front of them, and they will have to be men with their tails between them for a long time to come.

"We import about 2.56 billion leva of industrial raw materials every year, of which rubber is the main one, followed by cotton.

At present, our domestic rubber and cotton production capacity is limited, which cannot meet our industrial production needs! Industry Secretary Lauren Holman thought for a moment and said

"The problem of cotton is good, we have already started to grow it on a large scale in the colony, and we can all be self-sufficient in the future with these renewable energy sources.

The problem of rubber is more troublesome, the geographical environment of cultivation is a little more demanding, but it can also be produced by chemical means, the Germans have set an example, ten years ago they could synthesize rubber, we have no reason not to do it.

The key is rare ores, such as: tungsten ore, molybdenum ore, titanium ore, vanadium ore, zirconium ore, tantalum ore, niobium ore, lithium ore, beryllium ore, rare earth ......

These special industrial raw materials, although the demand is not very large, but they are indispensable minerals in industrial development! Ferdinand said with a frown

"Your Majesty, these minerals are actually not a big problem, most of the minerals can be found in our country, because the use is not very large, many minerals we need hundreds of tons every year, and the least even only a few tons.

In our strategic reserves, we have enough to use for two or three years, and under normal circumstances, as long as our territory is not lost, it is difficult to be blocked, unless we become a public enemy of the world!

What can really threaten industrial production is bulk industrial raw materials, because the demand is too great, there is no way to stock them in advance, but we don't have a big gap in these things. Lauren Holman explains

Ferdinand nodded, the current Bulgaria is no longer the Bulgaria of the past, due to the geographical location, it is stuck in the middle of the Eurasian continent.

On the huge land area, you can always find some minerals, although some rare and some minerals may not be high, but at least there are?

It is impossible to be blocked today and the factory will be shut down tomorrow, the domestic production capacity is not enough, and you can still play smuggling.

Even the Germans held out under the blockade of the Entente for several years, and finally collapsed because of the lack of food, followed by the lack of bulk industrial raw materials, these rare metals were hoarded in advance, and there were capitalists to help smuggle them, but they were not very short.

Ferdinand's concern was not about smuggling, but about rising raw material prices, such as the fact that the price of cotton has doubled, and the domestic textile industry in Bulgaria is almost finished.

Another example is the rise in rubber prices, and the domestic automobile industry in Bulgaria is going to be uncomfortable again, although it will not go bankrupt, but it is certain that profits will be greatly reduced.

"Well, then increase the reserves of these rare minerals by a little more, lest the price of international rare minerals suddenly skyrocket, it will also be a trouble for us!

At the same time, the Prime Minister urged the colonies to speed up the development of the plantations, and our domestic market is still waiting for their cotton and rubber! Ferdinand thought for a moment and said

"Yes, Your Majesty!" Konstantin replied

"Remember that this must be done in secret, and no one will find out!" Ferdinand admonished

Take precautions, these are not Ferdinand's blind worries, but the British are ready to attack Bulgaria, and they will directly fight with open guns and knives, and the London government is not so crazy.

The current British Empire does not have the strength to provoke a major war at all, and if war breaks out, the London government will be powerless to conscript.

Now everyone is busy making money, and the national economy is in a good form to fight a battle for the country, and idiots will do it!

Throughout the two world wars, they broke out after the outbreak of the capitalist world economy in order to divert domestic crises, and it was not possible to provoke wars by the will of individuals alone.

With the two sides not turning their faces, how can the British deal with Bulgaria?

The best option is to provoke contradictions between Bulgaria and neighboring countries, and then support other countries to go to war with Bulgaria, and use the war to interrupt Bulgaria's development process.

It's a pity that the British couldn't find a qualified teammate this time, Bulgaria's expansion became conservative, and the countries bordering them had no intention of fighting with them.

What are the countries that are in direct contact with Bulgaria right now?

The Russian Empire, Austria-Hungary, France, Italy, Persia, and the British Empire itself.

In terms of strength, it seems that apart from France, only the British Empire is on its own. The outbreak of conflict cannot be provoked at all, and the places bordering the two sides are of no value at all.

No matter how confident the British are, they will not think that Bulgaria and France will fight a war for a pile of sand, and a war without sufficient interests is doomed to be unfought.

The rest of the Russian Empire is now empty and can be ignored, and their opinions can be ignored on international issues for at least ten years.

In addition, Italy, Austria-Hungary, Persia, these three countries and Bulgaria all have conflicts of interest to a greater or lesser extent, and it is not difficult to provoke their contradictions.

It's a pity that the difference in strength is there, even if the three of them are together, Bulgaria can easily beat them down.

If this happens, Ferdinand doesn't mind giving the British a medal, and he can't find an opportunity to expand?

These circumstances were ruled out, and all that remained was trade, and the British were able to restrain Bulgaria only with economic sanctions.

And this economic sanction, they have to hide behind the scenes, and it is impossible for the Royal Navy to blockade the Bulgarian coastline.

Then it is a good choice to raise the price of raw materials, raise tariffs on imported Bulgarian goods, and use their influence to grab the international market with Bulgaria all over the world.

Completely commercial means, which can hit the economic development of Bulgaria and take the opportunity to make a lot of money, I have to say that John Bull's calculation is very loud.

Looking at the report sent by the think tank, Ferdinand was immediately relieved, isn't it a trade war, he has seen a lot.

Since the British did not dare to provoke a war directly, then for Bulgaria this risk factor was within the range of tolerance.

There are also many people in the world who are dissatisfied with the British Empire, and if Bulgaria can deal a blow to the British arrogance, it is estimated that many people will be happy to see it.

For example, there was a tacit understanding between Bulgaria and France, and when there was a conflict between Britain and France, Bulgaria supported the French behind the scenes, and vice versa.

It's a big deal to export the revolution, although everyone is a colonial empire, but there are also differences between colonial empires.

No matter how much revolutionism is imported into the Bulgarian colonies, no matter how much weapons and ammunition are supplied to them, it is useless.

You can't expect an indigenous tribe of only a thousand and eight hundred people to lead a war of independence. In many cases, the struggle between the tribes was greater than the contradiction between them and the Bulgarian garrison!

Unless the colonial troops can be allowed to rebel directly, it is obviously impossible for this situation to happen, even if the officers are ambitious, the soldiers will not agree!

In contrast, the colonies of the British Empire are different, as long as you light a fire, it is not so simple to extinguish it.

Just look at the population of the colonies on both sides, and all the colonies of Bulgaria combined, the indigenous population above does not exceed 20 million, and it is still decreasing.

At the current rate, within twenty years, the natives of the Bulgarian colonies will become a minority, and this problem is related to the policy of exile.

For example, if the ethnic groups of the Middle East are exiled to Africa, they will have to reduce their personnel by 30 or 40 percent. In order to survive, these outsiders must also have conflicts with the locals, and many times people's brains are beaten out of dog brains.

The war between the two sides spread from the Bulgarian colonies to the British and French colonies, but they were all wars between them and the natives, and they were usually not large in scale and did not attract the attention of the British and French.

In addition, because of the needs of domestic projects, the colonial government requisitioned a large number of laborers, and a large number of young and strong people were lost, and the population was inevitable.

The British, on the other hand, were no less oppressive to their colonies than Bulgaria, but their colonies were too fertile and their population base was too large.

In order to manage the place, they also raised a lot of vicious dogs in the local area, and the loyalty of the descendants of these people gradually declined after learning the knowledge of Western culture.

Once the revolutionary ideas take root in these areas, these young people, who are full of the idea of the second and the second, are the most susceptible.

Coupled with the long-term oppression of the British, life and death are all in the minds of the British, the older generation can bear it, and the younger generation will find it difficult to accept.

At such times, they can't help but take the initiative to accept revolutionary ideas, and then become one of them, and finally detonate contradictions.

Whether it succeeds or not, every time a revolution breaks out, the foundation of British rule will be weakened by a point, and over time, the colonial system will collapse sooner or later.

Historically, the Soviet Union and the United States continued to export revolutionary ideas, and finally dismantled the British and French colonial systems.

"The Propaganda Department should pay attention to the fact that the students from the British colonies can guide them on the road of revolution.

For example, Das Kapital, the American Declaration of Independence, the European Revolution, the French Revolution, these books that encourage national independence, are very suitable for them! Ferdinand added

"Yes!" Chekov replied without hesitation

If the great powers don't stab each other, are they still great powers?

It is worth mentioning that Bulgaria allows the dissemination of any books, but these books are also commented on and reviewed by the Propaganda Department before they are circulated on the market.

This is a method that Ferdinand came up with in combination with the Internet self-media in his previous life, and it is better to block it anyway. As long as the power of interpretation is controlled, any revolutionary theory can be distorted.

Therefore, in Bulgaria, books of all kinds can be sold publicly, and the ideas of the above must be disseminated, and they must be interpreted by the experts above.

If it is a book that is sold without annotations, it is also a banned book, and the relevant personnel have violated the crime of disturbing social order, and the maximum death penalty is three years.

The revolutionary ideas that were regarded as beasts of prey in European countries were like that in Bulgaria, when the veil of mysteries was torn when the window paper was pierced.

The masses found that most of the things that were pursued above had already been realized in Bulgaria, and that the rest were lofty ideals, ideals that could not be achieved at all under the existing productive forces, became real ideals, and people were not interested in getting used to them.

But if these things are not suitable for Bulgaria, they may not be suitable for other countries! Especially these peoples wanted to get rid of the British colonial rule and establish an independent state.

In the end, it doesn't matter whether it succeeds or not, what matters is that the revolutionary ideas are spread and there are people to help carry the black pot.

Anyway, it's not the Bulgarian system that is exported, whose theoretical ideas are whose pot it is in the end, and this can't be shaken off.

It is impossible for the British to find evidence that there has been no revolution in Bulgaria, where books on revolutionary ideas can be sold on the streets, so should others be held responsible for the influence of these books?

There is no need to pay attention to it, but it is just that all these messy ideas are recommended to these teenagers who are eager for national independence, and what flowers and fruits will bear in the end have nothing to do with Ferdinand.

As for whether anyone reads it, Ferdinand is not worried at all, these books are ordinary in Bulgaria, but they are banned in the outside world.

Secondary 2 teenagers, the more they are not allowed to read it, the more curious they become, anyway, just look at it, they don't think that a book can lead them crooked!

……

Khan, it seems to have run away!