Chapter 921: Harvest Crisis

The servant who sent the invitation returned to the Palazzo Douilleri to report to Basilio and inform him that James. Baron Rothschild's return to Germany.

"What? James. Baron Rothschilds left? "Hear James. Baron Rothschild, who had already left Paris, said to his servant with a surprised expression on his face.

"Yes! Your Excellency, Steward! The servant replied deferentially to Basilio.

"Since James. . . Baron Rothschild has left, so how did your invitation get to him! Basilio then asked.

"Your Excellency, Lord, although James. Baron Rothschild has departed, but his son Alphonse. Rothschild did not leave! The servant replied to Basilio.

"That's right!" Only then did Basilio react, "Look at my memory, Alphonse. Rothschild is still there!

All right! You can go back to your work! ”

Basilio waved his hand for the servant to leave, and then went to the study alone to ask Jérôme. Bonaparte debriefed.

Standing in the doorway, Basilio gently knocked Jérôme away. Bonaparte's door, Jérôme at the moment. Bonaparte was sitting on the couch and continuing to read the newspaper.

The appearance of Basilio made Jérôme. Bonaparte put down the newspaper in his hand and asked, "How's it going?" Did the invitation go? ”

"Your Majesty!" Basilio bowed his head to Jérôme. Bonaparte replied: "The invitation has been sent to James. Rothschild's mansion, but James. Baron Rothschild is no longer in Paris! ”

"Not in Paris!" Jérôme. Bonaparte put down the newspaper in his hand and turned to look at Basilio: "Where has Baron James gone?" And since he's not in Paris, why do you want to keep sending it! ”

Basilio first told Jérôme. Bonaparte, James. Rothschild went to Germany and later told him that the current Rothschild family member was Alphonse. Rothschild.

"Oh! Oh! "Jérôme. Bonaparte showed a blank expression, and then praised: "Okay! Things are well done! ”

"It's all my business!" Basilio responded to Jérôme with a reserved response. Bonaparte.

Immediately afterwards, Basilio left the study, and Jérôme. Bonaparte continued to flip through the newspapers, looking for useful information.

In a newspaper from Britain, the Economist, Jérôme. Bonaparte was very surprised to see the news with the headline "How far is 1846 from us".

With curiosity, Jérôme. Bonaparte began

After reading it in detail, Jérôme. Bonaparte couldn't help but sigh with emotion: "I didn't expect that Britain would have such a person!" ”

The headline of this news article says 1846, but it says about the United States of America.

The article compares the data published by the United States of America with the data of the Kingdom of Britain in 1846, and derives the situation that the United States of America may face in 1846 in Britain, and also publishes the types and real-time prices of bonds listed on the London Stock Exchange of the United States of America, including American Treasury bonds, railroad bonds, and bonds issued by some banks.

It then concluded that the Kingdom of Britain would also be traumatized if the United States of America faced economic decline, and therefore called on the Bank of the Kingdom of Britain to withdraw from the United States of America as soon as possible.

If the Royal Bank of Britain really did what he said, then it was really possible for British capital to withdraw.

However, in the data given by the author of the title on the bonds of the United States of America, the railroad bonds of the United States of America and some bonds issued by banks have risen much faster than fears of an economic crisis.

Don't say they don't know that the economic crisis is coming, even if each of them knows that the economic crisis is imminent, they will be confident that they can get out in time.

The same is true for banks, the larger they are, the more they think they can survive the waves.

When the day comes, it is often those who think they know how to swim who are drowned.

It's just that banks are able to pass on the risk to retail investors, and the big banks only need to announce that they will raise their discount rates to a certain level, which is likely to discourage retail investors.

The retail investors who really can't open the pot are only a small part, as long as the losses caused by the bank itself are less than the capital of the bank itself, they can pay the retail investors who can't open the pot.

Or the banks are so big that if they go bankrupt, more people's interests will be harmed, and then the state will step in to cover the banks.

Those retail investors are unlucky, and the stud stock market is all "deserved".

Even more unfortunate are those who keep their money in the bank, who originally just want to deposit their money in the bank to eat interest/annuity, and they have to face the harm caused by the damage to the bank's investment.

To make matters worse, once a bank declares bankruptcy, the bank's ruler can pat himself on the ass and continue to be billionaires, and those who keep their money in the bank will cry without tears.

[ps: In history, after the bankruptcy of the Paris Movable Loan Bank, the Perel brothers, as the founders, did not go bankrupt, and each of them still had more than 100 million assets in their hands.

This period, thanks to Jérôme. Bonaparte's intervention in the Industrial Bank founded by the Perel brothers made the Industrial Bank different from the previous Paribas banks, which engaged in blind speculation.

Although it is true that the Industrial Bank has a certain level of deficit, it is simply too good compared to the historical 10 times leverage. 】

In short, although the article is well written and the arguments are tenable, no one will want to listen to them.

In particular, the Kingdom of Britain is now protecting the East India Company's deficit (the stock of the East India Company, worth tens of millions of pounds, has now fallen to only one-fifth of its original value), and the banks are speculating frantically to make up for the East India Company's losses.

No one cares about their opinion at all.

After reading Jérôme, who wrote an article. Bonaparte then looked down, and after seeing the news of the increase in grain production in the Kingdom of Prussia next door, Jérôme. Bonaparte suddenly remembered that the economic crisis of 1857 seemed to be not only due to the steel bubble, but also to the increase in grain production.

"I remember that the United States of America seemed to increase production this year!" Jérôme. Bonaparte muttered in a whisper.

Just then there was a knock on the door, and Jérôme. Bonaparte put down the newspaper and responded, "Please come in." ”

The secretary from the secretary's office entered the room, holding in his hand a stack of documents that needed to be processed urgently.

Jérôme. Bonaparte waited quietly for the secretary to put the papers on the table, and then stopped the secretary and said: "Do you have the situation in the bulk market of the United States of America last year and the first half of this year, as well as the weather conditions in the first half of the year in the grain areas of the United States of America!" ”

The secretary listened to Jérôme. After Bonaparte's request, his expression could not help but froze.

If His Majesty only needs the price of wheat in the bulk market of the United States of America last year and the first half of this year, then their secretary office can still grit their teeth and find it.

The Information Service under the Secretariat is dedicated to collecting information from various countries and then compiling it.

However, the weather conditions in the grain area of the United States of America in the first half of the year are indeed a little difficult for their secretary's office.

It's really hard to know that the east and west are in the grain-producing areas, but it's not realistic to go to the grain-producing areas of the United States of America.

When you can't go to the grain-producing areas, you can only piece together information through a few words in the newspaper.

It's a lot of work.

"Why is there any difficulty?" Jérôme. Bonaparte asked.

"Nope!" The secretary shook his head at Jérôme. Bonaparte replied.

After all, the role of the secretary's office is to solve problems for the leader.

If you can't do even this little thing, the secretarial office doesn't need to continue to exist.

"Your Majesty, please allow me to return to the secretary's office to help you sort out the information you need!" The secretary then went on to Jérôme. Bonaparte replied.

"Go and come back!" Jérôme. Bonaparte nodded in response to the secretary, and then went on to add, "That's right! And last year and the first half of the year, the grain production and prices in France, also help me find a copy!

If not, you can get it from the Ministry of Agriculture and Commerce! ”

"Yes!" Secretary to Jérôme. Bonaparte bowed, then left.

Another two and a half hours passed, and the head of the secretary's office, Lucien. Murat appeared in Jérôme. In front of Bonaparte, he placed the document in Jérôme. In front of Bonaparte, he introduced in turn: "Your Majesty, this is our summary of the grain production and market conditions of the United States of America last year and the first half of this year, as well as the weather conditions of the United States of America in the first half of the year!" This is last year and the first half of this year in France! ”

"Thank you for your hard work! Lucio! "Jérôme. Bonaparte bowed slightly to the man, who was almost 20 years older than him.

"Nothing! It's all my business! "Lucien. Murat smiled and spoke calmly. Bonaparte responded.

Jérôme. Bonaparte opened the price of grain in the United States of America last year and in the first half of this year, and according to published data, the price of wheat in the United States of America this year was much lower than that of the same period last year.

The price of food reflects the production of food to a certain extent, and the first half of the year in the United States of America was quite good.

Subsequently, Jérôme. Bonaparte took another look at the weather conditions in the grain-producing regions of the United States of America in the first half of the year after the secretary's office had been sorted out (or put together).

Judging from the results of the collation, the United States of America basically did not experience bad weather in the first half of the year, and their staple grain production in the second half of the year should also be very good.

If we compare it to last year, then this year in the United States can indeed be called a good year!

Immediately afterwards, Jérôme. Bonaparte picked up the market in France last year and compared it with this year.

When he saw that the price of grain in France had also fallen this year, the price of wheat in June 1856 was 32 francs 42 centimes per litre, and in June of this year it was 27 francs and 9 centimes.

If wheat arrives from the United States of America, the purchase price of French wheat will fall further.

This is not good for the farmers who support them, think of this, Jérôme. Bonaparte's brow furrowed slightly.

Lucien standing beside Jérôme. Murat saw Jérôme. Bonaparte asked in a whisper: "Your Majesty, are you not satisfied with the data?" ”

Jérôme. Bonaparte shook his head at Lucien. Murat said: "Murat, your secretary's office is doing a good job! I'm just not happy with the price! ”

Jérôme. Bonaparte pointed to the data on the price on Lucien. Murat said: "Look at the price of our grain last year and this year! ”

Murat glanced at the comparison of grain prices and responded to Jérôme. Bonaparte said: "Your Majesty, it is normal for grain prices to fluctuate in a small area!

When the grain harvest fails, the price naturally rises! When grain production is high, prices fall with it! ”

"It's good if it's within a reasonable range, but have you ever thought about it!

What would happen to our farmers if the United States of America had a bumper harvest at the same time as our grain! "Jérôme. Bonaparte asked Lucien rhetorically. Murat said.