How do you get enough gold?

This was the biggest problem facing the Bulgarian government, as long as there was enough gold, it could print enough banknotes to meet the needs of the market.

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

Ferdinand's point is to the end, if everything must be clearly explained, what do you need his subordinates to do?

As for the latter, he is confident that the Ministry of Finance will know how to do it! After all, he is also the most outstanding financial personnel in Bulgaria, who has gold in Bulgaria now, can they not know?

Ferdinand thought about it, but decided to say it, he said seriously: "In addition, the loan thing still cannot be stopped, and it 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 has been prosperous for almost six years.

According to the analysis of the current situation, there has been some abnormality in the Russian stock market recently, and some people probably think that they can harvest the wheat, and the fluctuations in the stock market in the future are likely to cause a financial crisis in Russia.

Now our economy is tied to the Russians. Once the Russian financial market is turbulent and an economic crisis breaks out, it will be difficult for us to be immune! ”

After listening to Ferdinand's words, everyone's faces changed greatly, and in recent years it has been a high initiation of the capitalist world economy, and Bulgaria is no exception, with rapid economic growth.

Now that someone suddenly says that the economic dividend has passed and the economic crisis is about to erupt, how can you not be worried?

Especially since Bulgaria is still in the midst of a large migration, after the outbreak of the economic crisis, the unemployment rate has increased significantly, and the problem of job placement for immigrants is even more difficult!

Chancellor of the Exchequer Kennedy was the first to react, saying: "Your Majesty, what is going on in the Russian stock market remains to be understood." Under normal circumstances, the outbreak of the Russian economic crisis, at most two or three months, will affect Bulgaria, and our export trade will be hit hard!

If the economic crisis is likely to erupt in the near future, then we must accumulate emergency funds, and the opening of the stock market must also be postponed!

Otherwise, it is likely that international capital will also be eyeing Bulgaria, and in our current situation, there is no energy to fight a financial war with them! ”

Ferdinand nodded, the main purpose of opening the stock market is to raise funds for the construction of railways in Bulgaria, but this must be under the conditions of a good economic environment!

Otherwise, let alone raising funds, even if it is a cabbage price, it is estimated that no one will want it!

As for fighting a financial war, don't be funny, it's all about putting gold on your face!

As far as Bulgaria's current financial market is concerned, it is completely unguarded, and if it is not opened, it will not allow international capital to come and go freely.

Oh, and it's not that miserable! At present, the financial market in Bulgaria has not yet grown, and no matter how much you loot, you will not be able to fry a few drops of oil in the meat!

Ferdinand smiled and said, "Then let's put it down and discuss it after the economic crisis has passed!" It's time to raise funds, the economic crisis is both a crisis and an opportunity!

The last time the economic crisis broke out, our strength was still too weak to get a piece of the pie. Even so, didn't it take the opportunity to drag down a few competitors?

If we can grasp this opportunity, we will struggle for ten or eight years, and it is not a dream! ”

Bulgaria snatched the biggest piece of cake in the Balkan War, and the economic crisis of 1890~1893 is also inseparable!

The arms race + economic crisis, whether it is Serbia, Greece, the Ottoman Empire, or Romania have suffered a heavy economic blow. Among them, Serbia and the Ottoman Empire also caused internal contradictions!

Even Austria-Hungary did not hide from it, and in Ferdinand's acquisition war, it induced a financial crisis, and it took a long time to recover!

……

As soon as the cabinet meeting ended, the Ministry of Finance moved to make a big profit in the economic crisis, and the prerequisite was that there must be enough funds!

Now Kennedy is holding an internal meeting of the Treasury Department and is worried about the matter of gold.

"As you all know, we have been hampered by a lack of gold reserves and the ability to issue enough currency to circulate in the market.

There is still a large amount of foreign currency circulating in Bulgaria, and the government cannot ban it even if it wants to. British pound, franc, ruble, mark, krona...... Basically, the world's major currencies can be found here.

As a result, a lot of our wealth has been earned in vain. At the same time, it also restricts the development of our domestic business, in order to solve this problem.

At the cabinet meeting just now, His Majesty has decided to issue more currency to tide over the fiscal crisis, and our Ministry of Finance must solve the problem of gold reserves!

Now if you have any suggestions, you can speak up and discuss them. This matter is related to the future development of Bulgaria, and it is a great victory to solve the currency issue sooner rather than later! ”

The director in charge of currency issuance thought for a moment and said, "With the current gold reserves of the National Bank, the currency we issue has reached the limit. If you want to continue to issue more currency, you can only find a way to do it elsewhere!

The Balkans have been the main source of gold in Europe since ancient times, and there should still be a lot of gold in circulation. If we can collect all the gold from the people, we should be able to solve some of the problems!

Previously, in the Balkan War, the military seized a lot of gold, or this batch of gold gave us an emergency, otherwise the problems we are facing now will be even more serious! ”

Kennedy shook his head and said, "Hard! Most of the folk gold is scattered, and most of them are various craft products, aside from other factors, the purchase price alone will be much higher, and the gains outweigh the losses! ”

The director of the tax department thought for a while and said: "Actually, we in Bulgaria are not without gold, but not in the hands of the government!" As far as I know, both the Royal Bank and the Union Bank have a lot of international exchange operations, and they both have a lot of gold in their hands! ”

"How many?" Kennedy asked eagerly

As long as there is, the Treasury will have a way to get it out of their hands, it is nothing more than an exchange of interests, and Kennedy is now worried that they have too little gold reserves in their hands!

The tax secretary thought for a moment and said, "The two families 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! ”

After listening to the specific figures, Kennedy's face suddenly looked much better. This figure was much larger than he expected, and now the Bulgarian state has no more than thirty tons of gold reserves.

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

Kennedy thought for a moment and said, "Send someone to talk to them immediately, any conditions are negotiable!" ”

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

Thinking of the terrifying background of these two banks, Kennedy decided to go out himself to be safer, in case he was screwed up by his men, he still had to clean up the mess.

Behind the Royal Bank is Ferdinand, and behind the Union Bank is most of the Bulgarian business community, and none of them are easy to mess with.

Although they are under the jurisdiction of the Ministry of Finance, it does not mean that they will necessarily listen to the Ministry of Finance, especially when it comes to large enough interests!

In line with the persimmon first to find the soft pinch, Kennedy was the first to find the Union Bank. After all, compared to Ferdinand, the Bulgarian business community is still easier to provoke, at least they still have to give the Chancellor of Finance face!

If you go to the Royal Bank first, the person in charge is Karl Palace, in case the conversation jumps, just blast him out, it's not impossible to do it!

At this time, the president of Union Bank Victor was already waiting for someone from the Ministry of Finance to come to the door!

When he wanted to find someone to help, Kennedy was very good and said apologetically: "Mr. Victor, I'm very sorry for taking the liberty of interrupting me this time!" ”

Even though Victor already knew Kennedy's intentions, the nature of the businessman made him continue to pretend to be confused, made a flattered expression, and tried to smile and say, "Where! It was a great honor for Mr. Kennedy to be here! I don't know what your advice is for your visit? ”

Kennedy smiled and said, "I don't dare to give advice, in fact, I came to ask you for help this time!" ”

Victor feigned surprise and said, "Oh! What can I do to help? Your Excellency, as long as it is within my ability, I will not refuse! ”

Listening to Victor's words, Kennedy's face darkened, and he thought: Old fox, what is within the scope of his ability to refuse? It's better to talk about it outside the scope of ability, so you don't have to talk about it!

"Your Excellency can definitely help with this! Our Ministry of Finance wants to buy a batch of gold from your bank, and Mr. Victor must help with this! Despite knowing that Victor was just being polite, Kennedy made it clear what he meant

I saw Victor's face change slightly, and he said with some embarrassment: "I am not satisfied with Mr. Kennedy, the Treasury wants to buy gold, if the amount is not large, I can agree immediately!"

If the amount is too large, please forgive me for not being able to do anything about it, and now the board of directors has decided to shrink the monetary base and increase the gold reserves to cope 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 not satisfied with Mr. Kennedy, this involves trade secrets, and I can't disclose them below!" In short, in this crisis, we at Union Bank must go all out! ”

Kennedy was stunned for a moment, and thought to himself: Could it be that people in the business community have sensed something and are now starting to prepare?

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

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

"Your bank is really well-informed, and now there is no fluctuation in the market at all, how do you judge that there will be an economic crisis?" Kennedy continued

Victor thought for a moment and said, "Since Mr. Kennedy already knows, I'll be straight to the point."

In the international financial markets, there is something wrong with the recent flow of funds from the Jewish capitalists, and it seems that they are about to make a move again.

You know, basically when those vampires move, the world won't be peaceful. Although we don't know who they are targeting this time, for the sake of prudence, we still decided to carry out strategic retrenchment, 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 have taken out the gold! After all, the safest thing to do in response to a financial crisis is to hold a lot of cash, and what better insurance could be than gold?

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, what conditions can you mention!" ”

Victor didn't think about it, and said directly: "Since Mr. Kennedy has said it directly, I won't spare it, and include our stored gold in the currency reserve, okay!"

However, we must also participate in the issuance of currency and have a certain right to speak! ”

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

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 government's national bank can afford to take on the heavy responsibility of issuing currency, we will be happy to do it!

But now, there are so many currencies in Bulgaria that we have to spend a lot of money on gold and exchange it in order to do business!

Since the National Bank does not have the capacity to take on the heavy responsibility of issuing currency, why can't it be handed over to us?

Mr. Kennedy, please believe that with our participation, the Bulgarian government will definitely not have a headache due to the lack of currency flow in the future! ”

Now Kennedy was hesitating whether to join the Bank in the currency issuance. And once the Union Bank joins, then the Royal Bank will definitely join, and the government's voice in it will definitely be greatly weakened!

"How much gold can you come up with as a reserve?" Kennedy asked coldly

Victor smiled and said: "We will pay as much as the government provides, rest assured that we will not take advantage!" ”

Kennedy's face changed greatly, where is this robbery while the fire is burning, it is clear that he has been prepared for a long time! Dare to shout "as much as the government pays, we will pay", which also means that the strength of Union Bank has far exceeded their estimates!

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

The fact that a commercial bank that has only been established for a few years can come up with the same amount of gold reserves as the government's reserves, which is enough to show how incompetent the national bank is!

Thinking about it, he suddenly found that the gold reserves of the National Bank seemed to be solved by the government, and they themselves did not seem to have contributed.

At this moment, Kennedy had decided to completely reorganize the National Bank, a bank that could only waste national resources and could not create benefits, and it would be a crime to keep it!