Ahir. Fuld follows Jérôme. Bonaparte's instructions, read the newspaper carefully.

Over time, Ahir. Fuld's expression gradually became solemn.

Wait until Ahir. When Fuld looked up, Jérôme. Bonaparte smiled and asked, "Fulde, what do you see?" ”

"Your Majesty!" Ahir. Fuld opened his mouth to Jérôme. Bonaparte responded: "Do you mean to say that the United States of America may be facing the same economic crisis as the Kingdom of Britain (the British Railroad in 1846 was the case)?" ”

"That's right!" Jérôme. Bonaparte nodded first to Archer. Fuld spoke, and then turned to Ahir. Fuld continued: "However, you are not comprehensive enough!

This crisis, like the crisis of the Kingdom of Britain, will be a crisis throughout Europe! ”

"This ......," Ahir. There was a look of surprise on Fuld's face, he didn't understand Jérôme. Why did Emperor Bonaparte come to such a conclusion: "Your Majesty, this should be impossible!"

The United States of America is not the Kingdom of Britain, and its economic dealings with us (all of Europe) are not much! ”

At this time, most of the economic exchanges between the United States of America and Europe were between grain and cotton.

Of course, this does not include the Russian Empire.

"It is true that the economic exchanges between the United States of America and the whole of Europe are not very large, but ...... "Jérôme. Bonaparte scratched his hand on the newspaper a few times, "The investment of the Kingdom of Britain in America is not a small amount!" ”

Ahir. Fuld was instantly replaced by Jérôme. Bonaparte woke up, and he immediately understood Jérôme. Bonaparte meant, "Your Majesty, you mean that the railroad crisis in the United States of America is likely to spread to the Kingdom of Britain, and then from the Kingdom of Britain to all of Europe!" ”

"That's right!" Jérôme. Bonaparte nodded to Archill. "Think about nearly 33,000 kilometers of railways! The United States of America could not have so much pig iron and steel plates, let alone so much money.

And that's not all contracted by British Steel and the banks!

Once the railroad industry in the United States of America falls into decline, the banks, which have tasted the hardships of the railroad fever at the beginning, will probably want to run away at the first time!

If one bank is in a panic, the rest of the banks will flee in unison. ”

Jérôme. Bonaparte's words, to Archill. Fuld remembered the banking crisis of 1848 in France a few years earlier, which led directly to the collapse of a kingdom and a republic.

The emperor was able to come to power with the help of the banking crisis.

"Your Majesty, you mean that the banking sector in the United States of America will be in a tight grip!" Ahir. Fuld vs Jérôme. Bonaparte asked.

"Crunch?" Jérôme. Bonaparte shook his head at Archill. "No! Fulde, you underestimate how big the bubble is from the 33,000 km railway!

I'm willing to bet that once this bubble bursts, the entire U.S. banking industry will collapse!

In order to survive, their banks will make the choice we made in 1848!

However, this only delays the end of their lives! ”

Jérôme. Bonaparte's expression of victory on the ground made Arshier. Fuld for Jérôme. Bonaparte's words were convinced.

Since he became Chancellor of the Exchequer, he has not seen any error of judgment on a major matter.

Ahir. Fuld continued to listen to Jérôme. Bonaparte said, "Once the banking sector of the United States of America collapses, then the Kingdom of Britain, which is their investor, will be affected in the same way!"

The railroad bonds and stocks of the United States of America in the Kingdom of Britain will inevitably fall to the bottom, and the British banks that cannot escape will also bring disaster back to their homeland.

I ask you how the Kingdom of Britain can minimize its losses in such a situation! ”

"Transfer the crisis to the whole of Europe!" Ahir. Fuld blurted out.

"That's right!" Jérôme. Bonaparte had a teachable expression, "Only if the whole of Europe is allowed to bear this catastrophe for them will the situation at home be alleviated!"

As far as Europe as a whole is concerned, there is no better place to pass on the crisis than Germany! ”

Although the current German region is not full of princes like the Holy Roman Empire, there are many vassal states and free cities in the German region.

The British kingdom could not have had a simpler way of transferring the crisis to the German region, they only needed to withdraw some of their capital in Frankfurt, cause panic in the Frankfurt regional banks, and then use the panic to cause a harvest in Frankfurt.

Because Frankfurt is the center of the entire German financial system, it has a very important relationship with the whole of Germany.

The crisis facing Frankfurt will inevitably spread to the entire German region, causing panic throughout Germany.

If the French Empire did not invest in the German region, then Jérôme. Bonaparte was naturally happy to see the German region harvested by the Kingdom of Britain, and even he himself was willing to do so.

Unfortunately, the French Empire invested a lot of francs in Württemberg, Baden and Austria in order to win over them.

Except for the Austrian Empire, which made a slight return to its capital, the Kingdom of Württemberg and the Duchy of Baden were in a stage where they could not see the possibility of recovering their capital.

The acquisition of Germany by the Kingdom of Britain would inevitably lead to the loss of the assets of the French Empire, which in turn would lead to economic turmoil in the French Empire.

To date, the French Empire has invested 1.2 billion francs abroad.

Investment in Germany accounts for one-third of this.

Although 400 million francs will not kill the French Empire, it is enough for France to drink a pot.

And the political turmoil caused by economic turmoil can make those who originally supported the empire hate it.

This is also the Jérôme. The reason why Bonaparte looked forward to the economic crisis of the United States of America at the end of 1855.

If the economic crisis broke out at the end of 1855, Jérôme. Bonaparte was also able to fool the French populace with the economic pain caused by the war.

The French people, who had just enjoyed the glory of the victorious country, would survive the pain in pride, and when they reacted, the French Empire was thriving again.

However, the economic recovery of 1856 allowed the people of the French Empire to once again enjoy the dividends of imperial development.

During this period, the people of the empire had no sense of preparedness in the face of economic crises.

Faced with a sudden economic crisis, they naturally also pointed the finger at the imperial government.

Thinking of this, Jérôme. Bonaparte's expression couldn't help but become extraordinarily serious, "Fuld, we must be prepared to take precautions!" ”

"Your Majesty, should we shrink some of our investments in advance now?" Ahir. Fuld vs Jérôme. Bonaparte said.

"What kind of investment do you mean?" Jérôme. Bonaparte asked.

"The Banque de France and the Bank of Industry invested in the railway bonds of the Kingdom of Prussia and the Austrian Empire, in the state bonds of the Austrian Empire, and in the railway bonds of the Kingdom of Sardinia...... "Achille. Fuld is a treasure trove of friends with Jérôme. Bonaparte reported.

Jérôme. Bonaparte pondered for a moment before turning to Achill. "Reduce the railway bonds of the Kingdom of Prussia, the Austrian Empire, and the Kingdom of Sardinia as soon as possible!" ”

"In case the Austrian Empire asks questions...... "Achill. Fuld vs Jérôme. Bonaparte said.

"I'll take care of Richard's side!" Jérôme. Bonaparte vs. Achill. "That's right! When reducing your holdings of Austrian Imperial bonds, don't move too much as much as possible!

We must not be the main culprit in destroying the railway market in the Austrian Empire, and the Kingdom of Prussia does not need to have such concerns!

Just withdraw money and cash out!

Also, on the Sardinian side, you go and contact Cavour and ask him to accept the Sardinian railway!

Didn't he always want to take back the rights to the railways in Sardinia?

I'll give him this chance! ”

"Understood!" Ahir. Fuld nodded to Jérôme. Bonaparte responded.

"Also, the big banks in China, you should also be a little careful! Find out where exactly they are losing money!

If you find out the loss, the Banque de France can make up for it!

If you can't make it up, let the Banque de France reorganize them!

You tell the directors of the Banque de France not to be afraid to lose money!

If the economic crisis comes, they will lose even more! "Jérôme. Bonaparte then turned to Archill. Fuld gave instructions.

The explosion of a bank is actually not terrible for a country, but the time of its explosion is terrible.

If the bank is in a good economic phase, then the bank caused by the bank explosion is not too big.

At best, the savings of tens of thousands of people have been wiped out.

But if a bank's crash is in a period of economic downturn, then he will be like dominoes, detonating some banks that were not too problematic in the first place.

At that time, the entire country will face economic turmoil.

Investigating the state of the economy when there are large banks in the country is not effective in preventing an economic crisis, but at least it can reduce the possibility of an economic crisis slightly.

"Your Majesty, I'm afraid that some members of the Banque de France will not understand your good intentions!" Ahir. Fuld then went on to Jérôme. Bonaparte responded.

"Humph!" Jérôme. Bonaparte snorted coldly and squinted his eyes at Archill. Fulder.