Now Ferdinand is working on a topic: what would be the consequences if the economic crisis broke out?

The economy is bound to explode, this is the law of the capitalist market, it is not something that Ferdinand can control, he can only decide the time of the economic crisis.

The United States is finished, London has become more prosperous, Paris and Vienna have also become extremely prosperous, and the world's three major financial capitals dominate the international capital market in this era.

Of course, London is still the most prosperous, British companies are listed in London, companies in several major Dominions still choose to be listed in London, and even North American companies are forced to go public in London.

So now Ferdinand's eyes are still on London, while the markets in Paris and Vienna are much smaller, and the bubbles are much smaller.

Once the London stock market crashed, Paris and Vienna would not be able to escape from it, and the outbreak of the world financial crisis was inevitable.

First of all, many people who play stocks will be trapped, and most of those who play leverage will lose their money, and fools who borrow money to buy stocks can jump off the building.

The greedy and visionless petty capitalists are about to go bankrupt, and many enterprises with fraudulent performance will be doomed.

Many banks will have a pile of bad debts, the pledged stocks are worthless, and if they don't do well, there will be a run crisis, and the banks with insufficient strength will die.

The world is about to enter the era of the Great Depression, and it is difficult for countries to be immune. The situation in Bulgaria is better, at least there is no financial crisis, but the export companies are having a hard time.

"You mean, when the financial crisis hits, there won't be a wave of bankruptcies in Bulgaria, right?" Ferdinand asked with concern

"Yes, Your Majesty! When the financial crisis broke out, the impact on Bulgaria was very small, and there were few people in our country who bought stocks, and no matter how it fell, it would not affect us.

The trouble is that the financial crisis is followed by the economic crisis, the massive evaporation of wealth, the world's purchasing power will decline, and the export trade will enter a cold winter! Kennedy said with a gloomy face

No chancellor likes an economic crisis, and it means disaster for government finances!

Originally, the economic crisis could have been delayed until 1932, but because of the interests of the royal family, Ferdinand decided to bring the crisis forward.

This crisis must be detonated before his sons take power, and then they will appear in public with the image of turning the tide, thus establishing their position.

Anyway, he has just succeeded to the throne and has not done anything, and the black cauldron of the economic crisis can be thrown to the cabinet to bear, and the people need a punching bag.

When they have had enough, the king will come out to clean up the mess, which is the best option.

This is different from Finland, the Grand Duchy of Finland under the control of the Russians has long been behind the times in economic development, and the more backward the region, the less affected by the economic crisis.

"What about other countries? For example, England, or France? Ferdinand asked with concern

"Your Majesty, Britain and France are playing deindustrialization, they have moved a large number of factories to Germany and Italy, and if the economic crisis breaks out, they will definitely abandon the army and transfer the crisis to Germany and Italy.

If the economic crisis is not too severe, they can get through it by diverting it. Kennedy replied

The most common economic crises are, simply put, because of overproduction and consumers don't have that much money to buy.

As a result, there is a large backlog of products, the company's products cannot be sold, the funds cannot be returned, and finally the enterprises have closed down, a large number of workers are unemployed, and the unemployed workers also have no money to buy things...... This creates a vicious circle.

This time is no exception, the capitalist world has already begun to experience overcapacity, and once the financial bubble bursts, everyone's purchasing power will continue to decline.

Once the vicious circle occurs, the economic crisis will be in full swing, and if there is an economic crisis now, Britain and France will definitely have to give priority to keeping their own country.

Then Germany and Italy can only be sacrificed, and if the products are produced too much to sell, the capitalists will naturally have to reduce production or close their doors.

"Estimate the domestic industrial situation in Britain and France, as well as the production capacity of foundries in Germany and Italy.

Judge how much of an economic crisis they can withstand without the collapse of the domestic economy! Ferdinand thought for a moment and said

"Your Majesty, I'm afraid this question will take some time." Kennedy thought for a moment and said

This is a very complicated issue, and the British and French families are still very thick, and there are many factors to consider.

Passing on the economic crisis, the topic was not new to Ferdinand.

Later generations of Americans played very smoothly, for example, the depreciation of the dollar, which is the most common one, is the best way for them to transfer the debt crisis.

Foreign debts amounting to tens of trillions of dollars can still not be repaid, and even paying interest is a problem.

It doesn't matter, they can print money and easily offset the interest on these debts with the dividends from the depreciation of the dollar.

Another example: the Plaza Accord directly dragged down Japan, and transferred the economic crisis of the United States to Japan.

Now Britain and France have a lot of hole cards in their hands, and it is not impossible to print money. As long as the British gave up the gold standard, then as the international currency, they could play the same.

France has been playing for several years, except that their franc has less influence, and they have prospered for so many years thanks to the dividends from the depreciation of their currency.

The price is that the original franc and lev 1:1, depreciation to 10:1, the franc's international credibility declined, but the French still have a good time!

This is the benefit of the world's currency, after the currency depreciates, many countries around the world will help to pay the bill, and this part of the loss will be shared by everyone.

What's more, there are still a large number of colonies in the hands of Britain and France, and the economic crisis will not affect the colonies, and the markets in these places are still their own land.

With these markets and many businesses able to survive, the biggest damage from previous economic crises is the newly emerging countries that have no colonial floods.

This was also one of the core factors in the outbreak of the First World War, and it was the colonies that the great powers fought for hegemony. This is one of the reasons why many countries would rather operate at a loss than give up their colonies.

Everyone knows that Bulgaria's colonial policy is the real long-term policy, but why don't you follow suit?

Isn't it because capital needs markets?

Bulgaria's capital also needs a market, so why was Ferdinand able to pursue these policies without anyone opposing them?

The reason is very realistic - the Bulgarian colonies are so rotten that there is no market!

In this era, it is already the industrial age, and it is no longer the era of exchanging glass beads for fur, and everyone needs to sell industrial products.

The earliest colonies of Bulgaria, apart from a few nomadic tribes, had nothing, and their purchasing power was not as good as that of a small town in the country, and there was no development value at all.

In this context, no one objected to Ferdinand's colonial policy, and Britain and France were different.

"Take your time, there is no rush to this problem, the economic crisis is not about to erupt, we still have time!" Ferdinand said calmly

"Your Majesty, if Britain and France transfer the crisis to Germany and Italy, I am afraid that the current European continent will be in chaos again.

Germany and Italy have not yet recovered from the losses of the last war, and with the huge war reparations, the economic development of the two countries has not been very good.

Once Britain and France transfer the crisis, Germany and Italy will not have the ability to resist risks at all, and a civil war is likely to break out in Germany. Konstantin said with a frown

If there is one of the three countries that Britain, France and Bulgaria do not want chaos in Europe the most, it is Bulgaria.

Unlike Britain and France, Bulgaria's colonies are linked to the mainland, and the territory of more than 700,000 square kilometers will soon become more than 7 million square kilometers, and it may become 13,400 million square kilometers in the future.

With so many places to develop, Ferdinand didn't have to worry about the economic crisis until it reached its limits.

It's a big deal to engage in a large-scale development, and the problem of overcapacity can be easily solved.

Now there is another question before everyone, whether Bulgaria should be a savior after the outbreak of the economic crisis.

As long as Bulgaria pursues another grand strategy such as a ten-year plan, the destructive power of the economic crisis will immediately be greatly weakened.

In this case, just like the five-year plan of Soviet Russia in history, the Americans were forced to cooperate with the Russians in order to survive the economic crisis.

Then, naturally, a very small number of smart people made money, and most of them were lost all their money, otherwise the cold war would not have appeared.

Not only the Americans, but also the Germans, the British, and the French cooperated with Soviet Russia, and only they themselves knew whether they made a profit or a loss.

Judging from the results, it should be that the Russians made a lot of money, and in the end they not only succeeded in repaying their debts and became the world's top powers, but also made the capitalists unable to talk about their suffering.

It was originally a secret transaction, an illegal smuggling business, except for knocking out the teeth and swallowing it in the stomach, what else could it do?

"Don't worry too much, even if there is turmoil in Europe, it will be Britain and France who will bear the brunt of it, no matter how they try to survive.

With so much investment in Germany and Italy, they are willing to do it? When did the capitalists become so generous?

Do politicians dare to let go? So much money has been thrown into it, and once the economy returns to normal, will the capitalists continue to make money?

There was chaos in Germany and Italy, and the factories in Britain and France were the first to suffer, and I don't believe they had a good impression of these sweatshops! Ferdinand gloated

This is also one of the reasons why he is not afraid, the British support Germany and Italy to stir up Europe, no matter what the politicians think, the capitalists have been trapped.

Nearly half of the factories in the UK have been moved to Germany and Italy, and they are letting go, isn't it a joke?

Which prime minister dares to do this, it is estimated that as soon as he acts, he will go to God, the American capitalist kills the president, but from the British, there are many dignitaries who have been "accidentally" killed in British history.

It's just that the American nouveau riche are a little too inferior in their means, and they don't know how to be subtle at all, so they directly send peanuts, which is known to everyone.

John Bull is much smarter, there are so many ways to kill people, why don't you pay attention to it, gentlemanly demeanor?

There are many such things in ancient and modern times, both in China and abroad.

For example, in the Ming Empire, because there were not a few military generals who abolished the emperor in history, the emperors of the Ming Dynasty suppressed the generals and replaced them with civilian officials who they thought were easy to control.

As a result, I didn't expect the civil officials to be more ruthless, and the generals were all stupid and straightforward deposed emperors, and they were nailed to the pillar of shame by the history books.

The civil officials are much smarter, they know that the big killing is not suitable for them, the risk of abolishing the emperor is too great, and it is easy to be overturned later.

Therefore, they simply did not do anything, which provoked them, so they let the emperor have an accident, and the risk was reduced at once.

Look at how dangerous it is to abolish the emperor or rebel, the operation is also very complicated, you have to connect too many people, the risk is too great, and one bad thing is to die and the clan will be wiped out.

Creating an accident is much simpler in comparison, and anyone can plan it. At the right time, bribe or threaten the people in the palace and create an accident, and it can be done.

Compared with playing the Waste Emperor, this risk is greatly reduced. As long as you are careful, even if the matter is exposed, you will not be able to find your head.

Usually the previous emperor died unexpectedly, and the successors did not dare to pursue it with great fanfare, and if it was not good, there would be rumors that they had murdered the first emperor.

The ministers have calculated the hearts of the people, and in line with the suspicion of who benefits the most, the vast number of accidental mortality rates in the Ming Dynasty are the highest, except for the first few normal deaths.

The emperors in the middle and late stages were basically either poisoned, or died violently, or died of illness, and even more bizarre fell into the water and died, basically ending up in their thirties.

Later, the Qing Dynasty learned a lesson and killed the civilian clique, even if it was the leading party, they couldn't believe it, and completely cut off their ability to put their hands into the palace, and the Qing Dynasty emperor would have a long life.

In contrast, Europe is even better, the power of the king is smaller, basically no one wants to kill the king, and after the constitutional monarchy, most of the governments are burdened with the black pot and the thunder.

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