Chapter 550: The Age of Credit is Coming
When Magne nominated Jels. Lebesgue. Morality. After Count Bemini became the new president (president) of the Banque de France, Count Bemini, who was the person concerned, was stunned for a few seconds, and then the corners of his mouth involuntarily showed a touch of joy.
Here it is necessary to introduce the background of our "lucky one".
Jels. Lebesgue. Morality. Bemini, born on 15 November 1799, was a French banker and statesman who served as a member of the House of Commons (1832), secretary of state at the Ministry of Finance (1840, when the Minister of Finance, Georges. Harman was his father-in-law), a senior official of the Loire department (1842), a senior official of the Seine-Saône department (1842-1845), participated in the establishment of the Banque de la Discount de France (1848), and was one of the shareholders of the Banque de Paris-Orleans and the Banque de la Discount de France. On his recommendation, he joined the Banque de France in 1850 and became a member of the board of directors of the Banque de France.
After introducing the background, it is not difficult to draw conclusions.
The reason why Count Bemini was nominated by Magne to be president of the Banque de France was none other than his friendship with the Magne-Fuld-Perel alliance.
More crucially, Count Bemini himself was also a member of the same group as Adolf. The brothers Fuld and Perel were followers of Saint-Simonism.
If Count Bémini were to become president of the Banque de France, the entire Banque de France would become the domain of the Saint-Simonists.
[It is incidentally mentioned here that the current Banque de France has gradually formed three huge factions.
One of these factions was the financial conservatives, led by the Count of Argoo, who were the most powerful of the three factions (James. Rothschild was originally the largest group), and their view was that the government let the financial sector go unand wait for the market to regulate itself.
Second only to the Count of Argour was the neutral Alphonse. Rothschild, their faction believes in the idea that whoever can lead their interests, they stand with whomever they want.
And the last faction is Adolf. The members of the Saint-Simon faction, represented by Fulde, were more radical in their financial outlook than the financially conservative Count Argoo, and were also more in line with Jérôme. A condensed version of Bonaparte's Keynesianism. It's just that Fulder's credit economics in Jérôme. Bonaparte seemed a little too idealistic.
In the absence of government intervention, the result of the bankers' self-consciousness alone is unbridled speculation, as in history.
When the bubble expands beyond containment, the government will also have to bear the consequences.
The historical Real Estate Bank of Paris is a prime example. 】
Once the Banque de France becomes Saint-Simonism, those who advocate financial conservatism will be forced to marginalize.
Thinking of this, some of the supporters of the Count of Argou in the banker's camp could not sit still, and they were eager to dismiss Magne's proposal in public, even if it offended the emperor.
However, since it was now an imperial council, no one could interject without the emperor's permission.
"O Bemini!" Jérôme. Bonaparte pondered for a moment, then turned his gaze to Alphons, the banker. Rothschild said: "Sir, what do you think of Bemini?" ”
Jérôme. Bonaparte suddenly called out Alphonse. Rothschild was stunned for a moment, and then immediately understood Jérôme. Bonaparte's purpose in calling him out.
"Your Majesty, I think that the professionalism of Count Bemini himself is beyond doubt! If he were the president of the Banque de France, the Banque de France would have prospered even more! "Despite the fact that Alphonse. Rothschild was not impressed by the economic ideas of the Count of Bemini, but he had to submit to the emperor's will.
"I see!" Jérôme. Bonaparte nodded to Alphonse. Rothschild responded, then turned his gaze to the military representative, Kuzan. Minister Montauban and Deputy Chief of Staff Niel said: "What do you think? ”
Kuzan, who doesn't know anything about economics. Montauban where knows what economic ideas, but Kuzan. Montauban knew that since His Majesty the Emperor did not oppose Mane's appointment, it meant that he himself still liked Bamini.
Plus just Alphonse. Rothschild supported Bemini's actions, Kuzan. Montauban was more convinced, and the emperor was more optimistic about Bemini.
"Your Majesty, I am a soldier! I don't know how to calculate economic accounts, and I'm sure Count Bamini must be able to understand these things better than I do! "Kuzan. Montauban vs. Jérôme. Bonaparte responded.
Kuzan. As soon as Montauban's words fell, Niel spoke: "According to the news from the front, our army has occupied Sevastopol!" ”
Neel's remarks were like a bombshell, directly smashing into the pre-imperial meeting place, and everyone present was shocked by Niel's news.
Only a week had passed since the last battle (of Arma), and the Imperial army had already captured Sevastopol.
"General Niel, is the news true?" Chancellor of the Exchequer's Manie couldn't wait to ask Niel Dao.
No one understands better than Manie what the capture of Sevastopol meant for the French Stock Exchange.
Take the Battle of Arma a week ago, for example, when the victory of the Battle of Arma reached Paris, the entire Paris stocks directly related to the military industry rose by 15% in just one day, and the other stocks also rose by 5%-10%.
If the capture of Sevastopol is true, a new round of growth in stocks around the military is bound to be!
This time the growth was even more rapid than at the time of the Battle of Arma.
After all, Sevastopol was the first Russian city to be captured by France since 1815.
"It's basically true!" Niel nodded to Mane.
With Niel's assist, even the bankers who supported Count Argou would not dare to oppose Bemini's appointment at this juncture.
Among the elite politicians who can stand in front of the Imperial Council, who does not know the economic policies of Count Argoo.
Choosing to limit all unnecessary expenditures to the Count of Argu will most likely lead to a decline in the military affiliation system (e.g., canneries, tobacco factories, and steel factories).
At that time, if the army cannot win the next war, then this pot will have to be borne by the financial conservatives of Count Argoo.
"That's it! Do you have any different opinions? "Jérôme. Bonaparte asked all the people present.
No one spoke, and after a while, Jérôme. Bonaparte spoke again: "Since you do not speak, then I will acquiesce to your consent!" Mr. Bemini! ”
"Your Majesty!" Bemini hurriedly responded.
"From today onwards, you will succeed the de Count of Argoo as President of the Banque de France! But the ugly words lie ahead, if there is any turmoil in the Banque de France. I'm the only one who asks! "Jérôme. Bonaparte said to Count Bemini with a serious expression.
"Your Majesty, rest assured! I will definitely do my best! Count Bemini replied.
With Bemini's assurance, the Imperial Council was also coming to an end.
"That's it! Let's adjourn! "Jérôme. Bonaparte got up and said to the courtiers at the bottom of the steps.
"Yes! Your Majesty! Manie and the others at the foot of the stairs responded.
……
Just as Manie was about to leave the Tuileries Palace, the palace steward Mocal called him to stop.
Led by Mocal, Manie came to the door of a room.
"Your Majesty is inside!" Mocal pointed to the door and said to Mane.
Manie pushed open the door and saw Jérôme inside. Bonaparte, and now Jérôme. Next to Bonaparte was Bémini, the new president of the Banque de France.
"Your Majesty!" Standing at the door of the Magne room of Jérôme. Bonaparte responded.
"Come here!" Jérôme. Bonaparte beckoned to Mane.
Manie walked quickly to Jérôme. In front of Bonaparte, listen only to Jérôme. Bonaparte sighed and said, "If you don't talk about Algo's own economic philosophy, in fact, the Count of Argoo himself is still a respectable old man!" We have also received his favor, but unfortunately ......"
"Your Majesty, for someone like Count Argou! If the economic concept cannot be implemented, it is better to kill him directly! "Magne for Jérôme. Bonaparte excused himself: "It is better to let him leave the position of president of the Banque de France than to let him stay in agony!" ”
"Hey!" Jérôme. Bonaparte sighed, then asked Manie and Bémini: "Do you know about the Bank of England's raising of discounts?" ”
"Yes!" Mane and Bemini nodded at the same time to Jérôme. Bonaparte said.
"What do you two think?" Jérôme. Bonaparte looked at them with some surprise, and then asked Manie and Bémini.
"Your Majesty, I beg your pardon! The Bank of England's interest rate hike is actually expected! Manie said calmly.
"Why?" Jérôme. Bonaparte asked.
"In recent times, the Earl of Argyu has withdrawn almost 5 million pounds of gold from the Bank of England!" Magne's words were astonishing.
"£5 million? Gold? "Jérôme. Bonaparte said with a slight surprise in his tone.
"That's right! The Earl of Argoo's bank sold English bonds against gold in the English market, and the Bank of England was forced to raise the discount to recover the loss! Magne nodded to Jérôme. Bonaparte responded.
"Algu didn't even tell me about it!" Jérôme. Bonaparte said to Maneh with a frown.
After a long time, it turned out that the Count of Algoo, who was the president of the Banque de France, was dissatisfied with England because of the exchange of too much gold.
"Maybe Count Argu forgot!" Manie did not move and slandered a sentence.
"Forget it! Now that the Count of Argus has retired, let him enjoy a beautiful old age! "Jérôme. Bonaparte decided not to embarrass Count Argour: "Monsieur Bémini! ”
"Your Majesty!" The Count of Bemini hurried to Jérôme. Bonaparte responded.
"Now your first task is to negotiate with the Bank of England to readjust the discount rate and make sure that they get it below 5%! As for the Count of Argoo...... "Jérôme. Bonaparte paused, "Wait a minute, I'll go over and talk to him myself!" ”
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