Elena seemed to be broken, and sold government bonds again to raise funds to build the railway. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 info Breschroeder took the opportunity to eat the national debt and became the main holder of the national debt, which is truly rich and rivals the country.

But Elena was extremely cautious, when she built the railway, she subdivided the railway into hundreds of projects, handed over to the various departments of the Ministry of Military Industry to divide up, and ordered the accounts to be kept independently and submitted directly to the palace study, resulting in this account only Elena can calculate clearly, and even the financial secretary has no right to intervene.

Even Breschroeder didn't know about Elena's wolf ambitions to build the railway. Elena published false accounts between the lines, in fact, the empress hid from him as much as 12 million imperial deficits, because Elena personally stayed up late to settle the railway accounts, and no one else had the right to intervene, so Breschroeder was kept in the dark.

With a huge and terrible financial deficit, Elena has comprehensively upgraded the empire's ability to recruit troops, transport capacity, arm capacity, and talent transportation capacity, and all expenses are paid by borrowing to quench her thirst.

Because Elena hid the railroad deficit, Braischroeder didn't realize that the empire was borrowing at a suicidal rate, gradually perfecting itself into a perfect war machine.

In the process, Vickers, the Financial Secretary, and the officials of the Braischroeder system plucked the goose and made a fortune for the country. Elena saw it in her eyes and was indifferent. She often sat at her desk until midnight, estimating the cost according to the market price, and with the evidence and intelligence presented by the secret police, Elena actually knew how much money Vickers had embezzled, and only Lily knew that the real Minister of Finance of the empire was actually His Majesty the Emperor himself.

As the clouds of financial attacks approached, the emperor, the cabinet, the bankers, the embezzlers, Frederick, all of them were like hurried ants under the clouds, toiling for their goals. When an angry thunder explodes, the empire is exhausted, the dim lights are extinguished, and the building is crumbling, the ants will usher in the end of laying it with their own hands.

Finally, the central bank determined that Elena was heavily indebted and unable to defend herself against financial attacks, so it began a thunderous offensive.

After a short period of "underwriting", Braischroeder announced that all the treasury bonds had been sold and flowed into the markets of Paris, London, and Amsterdam, disposing of all involvement.

On November 7, 1735, a notorious locust chaebol, Soros Bank, suddenly entered the Wiener market and frantically sold the treasury bonds of the HRE Empire.

The Financial Secretary was dumbfounded, all their money was used to pay the bills, and they had no savings to eat this batch of bonds like a flash flood, and they could only watch the face value of the HRE treasury plummet, plummeting in a waterfall.

At 9 a.m. on Nov. 7, the face value of Shinra Treasury bonds was 0.98 ounces of gold per share.

In one day, Soros Bank dumped two million in government bonds.

At four o'clock in the afternoon of the same day, the face value of HRE's treasury bonds plummeted to 0.75 ounces of gold per share, and one-third of the wealth evaporated in an instant!

The small and medium-sized aristocrats who held the bonds of the HRE, the wealthy miners, and the private retail investors who invested in the treasury bonds were all frightened and competed to sell the bonds, and the bond exchanges were congested like a honeycomb with worm swarms, and stampedes were endless.

The Financial Secretary rushed to the Habsburg Central Bank, hugged Braischroeder's legs, and cried and begged the bankers to come to the rescue of the market, at least to eat the Shinra bonds sold the next day, to stop the face value from continuing to fall.

Bray Schroeder expressed deep regret that he was unable to do anything about the fact that he had run out of reserves and could not enter the market to subscribe for bonds. The Financial Secretary returned in vain.

Because the Habsburg Central Bank is a private bank controlled by eight shareholders, the royal family and the government have no right to order the "central bank" to bail out the market.

The next day, Soros Bank sold off its last half a million bonds and quit. The Financial Secretary breathed a sigh of relief.

Then Milan Brothers Bank suddenly appeared, took the baton, and sold 1.5 million HRE bonds in a row, pushing the face value of HRE bonds to 0.63 ounces of gold.

The Financial Secretary tried to hang himself, but was discovered by the deputy minister, and used his furry mouth to give artificial respiration, dragging the ascended secretary back to the world of suffering.

By this point, two-fifths of their wealth had evaporated from investors holding HRE bonds, the official credit of the HRE Empire was crumbling, and panicked foreign capital began to scramble to sell real estate in an attempt to recoup the principal and then flee the HRE Empire to reinvest in more stable countries.

The panic simply did not stop, and it intensified like a diabetes insipidus, eventually triggering the signs of economic collapse. Prices are rising, real estate is plummeting, and people are struggling to save their money, frantically crowding outside the banks, shouting to get their savings back. Some of the smaller private banks were unable to cash in on the gold, and they went bankrupt, and depositors who couldn't get their money back wailed.

The bankruptcy of small banks has led to the rupture of the capital chain of some factories, shops and mines, and they have been running for a cry, but the central bank has refused to grant loans to them on the grounds of "fear that the loans will not be repaid", and has coldly watched the death of these national capitals.

Ophelia rushed to work overtime, and Mendelssohn Bank launched an interest-free loan program overnight, saving a small number of factories and mines, but most of the private asset industry continued to break the capital chain and still starved to death in this artificial economic winter. After they went out of business, they began to sell their factories, mines, machinery, equipment and land.

At this time, the Central Bank of Habsburg sent countless liquidation specialists to estimate the assets of the collapsed shops, small factories, and small mines, negotiate subscriptions, and began to buy the corpses of national enterprises at cabbage prices.

Man is like wheat, bowing his heavy ears of wheat before the central bank, and Breschroeder swings his sickle and begins a bloody harvest.

Because of the low confidence in the market, in the end, even the banknote mark was affected and began to depreciate slowly.

The Great Recession that Bafaria had suffered had finally unexpectedly unfolded in the imperial capital, and there was no end in sight. After reaping the riches of Bafaria, even the imperial capital was finally reduced to the sacrifice of the central bank, declining and crumbling in the midst of screams and wails.

Then the Financial Secretary numbly waited for the ending. He sat in his office until the third day, and when he saw that the face value of the bonds of the HRE Empire had been crushed to 0.48 ounces of gold, he began to laugh wildly at the statements, and greeted Breschroed's mother in English, German, French, Portuguese, and Latin, constantly using his vast knowledge to infringe on his immediate family within three generations.

The Prime Minister is crazy.

Elena did not spare the slightest mercy, and directly set up an investigation team, removed the prime minister from his post and investigated, and when she searched her home, she unsurprisingly liquidated a huge amount of family property of unknown history, so she quickly entered the public prosecution procedure. After prosecution, conviction, and lightning, the empress put the prime minister on the guillotine.

With a click of a knife, the prime minister who is above 10,000 people under one person becomes a skeleton head in Heroes' Square.

The Queen's death was such a wretched death that the Empress would not even comment.

After the Financial Secretary apologized at the guillotine, the public anger caused by the economic collapse subsided somewhat, but market confidence remained sluggish and has not been corrected for a long time.

After the depreciation of the imperial bonds by more than half, Braischroeder submitted a second letter of subscription agreement to the Financial Secretary. He was willing to subscribe for the remaining 10 million treasury bonds at a price of 0.35 ounces of gold to provide 3.5 million to the royal family to save the market.

Three days ago, the HRE treasury bonds, which were worth 10 million ounces of gold, must be sold today for 3.5 million ounces of gold to Braeschroeder.

It's legal to grab money.

Since the Financial Secretary has already been retired, the subscription agreement is taken over by the Financial Secretary. The trembling bearded man felt that the promotion was so uncomfortable that he didn't dare to sign the agreement.

He knew that if he signed, the Financial Secretary would be a lesson from the past, and if he did not sign, the whole country would save the market with money, and bankrupts would riot every minute, and he would not be able to withstand the pressure.

In the end, he came up with an idea, in order to put aside this hot power, he could take sick leave and run away. In order to evade the responsibility of signing, the finance minister brutally cut off his left leg to survive.

In the end, the agreement was taken over by the prime minister. The old prime minister calmly approved the agreement, stamped it with the official seal of the prime minister, and then presented it to the empress for inspection.

The Empress indifferently signed her name at the Imperial Council, numbly approved the paper robber agreement, and then, without saying a word, put on her mink fur and returned to her study.

The prime minister understood the empress's mind thoroughly, and calmly took the agreement to the central bank to withdraw money like a person who had nothing to do, and began to save the market.

The central bank has taken advantage of this opportunity to buy a large number of high-quality shops, potential mines and healthy factories, and has eaten a full 10 million treasury bonds at unimaginably low prices, so it has begun to rein in the butcher's knife, allowing the market to recuperate, allowing the purchased high-quality assets to export profits, allowing the purchased treasury bonds to slowly appreciate, and slowly settling the fruits of victory.

In the midst of this catastrophe, the economy of the HRE Empire regressed for three full years. In order to accomplish such a magnificent destruction, the central bank only took three days.

And in the imperial capital after the disaster, everything has changed.