"Your Majesty, I think Argentina will soon be in great trouble of its own, having neither the energy nor the ability to expand into its southern neighbor. Chile had already taken the first step, and the Imperial Government warned them that they would understand the implications of the negotiations. Prime Minister Yoo Hyun-jun reported.

"It's a small South American country, leave them alone." Richard waved his hand and said with a disdainful expression.

Argentina, which is dominated by descendants of white Spanish immigrants, has a lot of external troubles and infighting. The internal contradictions between the province of Buenos Aires and other provinces are acute, with one side hoping to establish a central power state, and the other side hoping to establish an inter-provincial state with a large degree of autonomy over the provinces to avoid being seized by the province of Buenos Aires.

Important:

Paraguay has very tense relations with Brazil and Argentina, and as a landlocked country, Paraguay has been hoping to have access to the sea since independence, a desire that has been suppressed by Brazil and Argentina.

Speaking of Argentina's troubles, all the ministers in the room laughed.

Everybody knows

Argentina does not have a good relationship with its neighbors, having just fought a war with Bolivia in the northwest a few years ago, but fortunately won it, ceding a large piece of land from Bolivia.

Argentina is now hostile to Paraguay to the north and the Mapuche to the south, and is strained with its neighbor Chile to the west.

In particular, the Mapuche people are not weak, and if it weren't for the fact that Argentina has more advanced weapons and has a higher overall combat effectiveness, they should be worried about the invasion of the Kingdom of Patagonia.

In the original history

After settling the troubles of their neighbors, the Argentines launched their second desert expedition 15 years later, which completely eliminated the enemy of the Kingdom of Patagonia and extended their southern territory to Tierra del Fuego.

Now, there is definitely no such opportunity.

Chang'an City

Over the past year or so, there have been many new changes on the wide streets of Chang'an City, and the trams running from south to north have replaced horse-drawn public carriages and become the main force of public transportation in the city.

With its convenient and cheap characteristics, the tram quickly spread in the cities of the Tang Empire and became a beautiful scenery in the city.

Relying on the tram industry, the Tang Empire has rapidly developed dozens of tram factories, and now its products have received orders from many continental countries, and the momentum of development is very bright, and this has become an emerging industry in the empire.

In many fields of innovation, the development of the Tang Empire in the chemical and electric power fields is increasingly prosperous, as if it has become an advanced country leading the second wave of industry, and its performance is very eye-catching.

This is inseparable from the vast market of the Tang Empire, sufficient financial support and a policy environment suitable for the development of scientific and technological talents, and more scientific and technological inventions have been bred in the right soil.

Cars with novel shapes also appeared on the streets, and it was often the children of some nobles who drove these expensive cars through the market, attracting a lot of attention.

Compared with the rapid popularity of trams, it has been several years since the emergence of a new thing like the automobile. The Tang Empire also has more than a dozen automobile manufacturers, producing cars of different shapes.

However, most of these cars are very valuable, the driving reliability is not high, and they are often the playthings in the hands of the children of the aristocracy who like to try new things, and there is still a distance from popularization.

After the victory in the North American War

The Tang Empire truly ushered in a golden period of economic development, and the expanded market demand brought opportunities to all walks of life, and the imperial government had money in its hands and expanded the scale of infrastructure construction, thereby creating more employment opportunities.

After the war, the Tang Empire enjoyed high loan principal and interest repayment income from the United States of America and the Confederate States of America every year, which amounted to tens of millions of yuan per year, which greatly enriched the financial strength of the empire and gave the government money to do more things.

The imperial family of the Tang Empire was widely involved in investment in banks and important mines, weapons industries, emerging power and telegraph, petrochemical and steel industries, and controlled a large number of important enterprises related to the international people's livelihood, so it also became the richest royal family in the world.

The huge investment in the North American war in the early stage produced a steady stream of rich war dividends in the later stage.

The visible changes are the construction of a large number of municipal construction projects, the widening and asphalting of roads, the construction of more bridges and reservoirs, the construction of 10 thermal power plants in the country, and the asphalting of various urban roads and rural feeder roads in developed coastal provinces.

Double-track projects have been launched on the country's main railway lines, more roads have connected the coastal and inland provinces, and wireless telegraph companies have also been greatly developed.

The Royal North American Telegraph Company, in particular, is planning to lay an undersea cable to Europe, which will be a remarkable megaproject that has the potential to change the current lag in transatlantic information transmission between Europe and the Americas.

After the beginning of spring in 1863, the Tang Empire ushered in two good news.

The first is that after more than a year and seven months of negotiations, an agreement was finally reached on the investment in the Appalachian coalfield, and investors led by the Royal Red Oak Bank and the Royal Chang'an Bank exchanged a package investment commitment worth 430 million yuan for a 45% stake in the above-mentioned coalfield.

This includes an investment of no less than 50 million yuan in mining machinery and equipment, which will help increase the annual production of the Appalachian coalfield from the current 38 million tons to 56 million tons, and significantly increase the income and value of the coalfield.

Another $380 million worth of cash was invested to repay and replace the high-interest loans held by loan sharks such as Britain and France, which is also an important part of the debt restructuring of the United States of America.

By the means mentioned above

The United States of America (North) can compress the total amount of international high-interest loans of 1.375 billion yuan to less than 1 billion, the overall lending rate will be reduced to an average annual level of 5.6%, and the overall debt will enter the affordable range, and the most it can do is to borrow new debt to pay off old debt.

This move is conducive to stabilizing the soaring inflation in the United States of America, stabilizing the country's financial situation, and laying the foundation for the issuance of a new dollar pegged to the Tang Yuan, so as to completely solve the hidden danger of high inflation in society and the epidemic of dollar phobia.

More than 10 Imperial Bank investors, led by the Royal Red Oak Bank and the Royal Chang'an Bank, have come up with 380 million Tang Yuan worth of cash, mainly in bank loans, and these powerful banks have enough means to fill the debt hole with the annual income of the Alabachian coalfield, and all it takes is time.

After the output of the Alabaqiya coalfield reached 58 million ~ 60 million tons, the gross profit was close to 100 million, and the profitability was higher.

It is estimated that in 12~13 years, all investment costs can be recovered, and you can enjoy stable high dividend income.

Through this move, the Tang Empire further deepened its economic control over the United States of America, which was another major economic penetration action after controlling the eastern railroad network, the central railway network and the major coastal ports of the United States of America.

In addition, the powerful imperial banking industry is still sparing no effort to control the Wall Street banking industry, infiltrating at relatively low prices, and successively controlling a series of banks such as Bank of America, Bank of New York, Citibank, and Universal Bank, and mastering the right to speak on Wall Street.

Besides

Because the Tang Empire held a huge war reparation claim totaling up to 500 million Tang Yuan, and thus controlled the customs of the United States of America as collateral, it actually controlled the country's finances, so it had a decisive influence.

During the entire 25-year repayment period of principal and interest, the United States of America has to repay a huge amount of principal and interest of up to $30.7 million per year, based on an average annual interest rate of 5.5%, which is a staggering figure.

The shortfall can only be solved by borrowing.

This means that even after 25 years, the United States of America will still find it difficult to escape the debt trap, and will have to endure the terrible situation of pumping blood every year to feed the economy of the Tang Empire, and its citizens will face high tax pressure.

That was why the Government of the United States of America had to sell off its high-quality assets in an attempt to reduce its total debt.

After the overall economy has recovered slightly, the government of the United States of America plans to continue selling assets in order to reduce the principal and interest of the debt paid to international loan sharks such as Britain and France, which is also a no-choice.

Another piece of good news came from the Confederate States of America, which, for the same reason, finally passed a parliamentary vote by a narrow majority to sell Texas to the Tang Empire after fierce political games within the Confederate States of America.

No way, the debt burden is too heavy.

The Confederate States of America, which won the war, found that they could not afford to repay the high war loan of 580 million yuan owed to the Tang Empire (375 million yuan of debt had been eliminated and transferred to the Yankees), let alone 25 years, even 50 years.

The Confederate States of America is a typical agricultural economic structure, compared with the industrial and metropolitan trade economic structure of the Yankees, its solvency is poorer, the level of profitability is lower, and the annual government income does not exceed 10 million yuan.

But he has to repay more than 34 million loan principal and interest in a year, which is really unaffordable even if he sells it.

barely persevered for a year, and finally repaid the principal and interest of the loan for a year by borrowing 29 million yuan in new debt.

It was a very miserable year for the Confederate States of America, with almost all of the military being disbanded, government spending being reduced to a pitiful level, and all government investment being vetoed, and not daring to spend a little money.

Even so

It's just less than 5 million yuan, and this amount of money is a drop in the bucket for the principal and interest of a huge loan.

Considering that 50 years or more of this life of hard work would lead to the collapse of the Congressmen and hardliners in the Confederate States of America who were the first to collapse with their rhetoric of insisting on the indivisibility of the interests of the Yankees and the sanctity of the territory.

The words are hard, but the body is honest.

So the winds shifted, the vehement of opposition died down, and rhetoric in favor of selling Texas rose. It seems that if you don't sell this state, you can't get along with the Southerners, you are unpatriotic, and you are a rebel and spoiler in the eyes of everyone.

The rest of the negotiations with the Tang Empire are full of twists and turns, and the attitude of the Tang Empire is very ambiguous, if you want to sell it, I don't necessarily want to buy it?

And that ...... What about the price?

The two sides have been arguing repeatedly for more than half a year, mainly because they are entangled in the price, and the Confederate States of America are really poor and crazy, biting the price of 280 million yuan.

In the end, it was the emperor of the Tang Empire, Richard, who personally stepped forward and bought Texas with 280 million yuan in the name of the royal family.

In fact, he is left-handed and right-handed, because the huge loan that was originally lent to the Confederate States of America came from the Royal Holding Bank, and since most of it was delivered in kind, the price was boundless.

With this huge loan of 280 million yuan, it is good to be able to pay 5000~60 million yuan in kind.

Now spending money to buy it back is equivalent to going around the bank account and crossing off the debt of 280 million American Confederate States, just make an account, and you don't need to pay actual funds.

Richard knew that Texas was rich in oil and gas resources and mineral resources, and this money would come back in a year, and it would definitely not be a loss to buy it.

So

The scope of the Tang Empire includes Texas, a territory directly under the royal family, which has also become the 39th provincial-level administrative division of the empire itself, increasing the area of the Tang Empire by 696,000 square kilometers, with a total area of 10.82 million square kilometers.

In the wake of these two major deals, the Confederate States of America (South) sold some of its railroad rights and ports, making a series of more than a dozen transactions, reducing its total debt to 252 million yuan.

After the above operations

The 252 million yuan of loan principal and interest that the Confederate States of America (South) needs to repay each year has dropped to 14.5 million yuan at an average annual preferential interest rate of 5.2%, which is close to the limit of tolerance.

Since there was no other bulk to sell in the country, the Confederate States of America could only count on bringing in more new people, expanding cotton production and slave plantations, and squeezing some more profits out of the black slaves to pay off.

The debt shadow will also be a headache for the Confederate States of America for a long time, and Jefferson Davis, the president of the Confederate States of America for two consecutive terms, as the founding father, has fulfilled his historic mission and become the immortal great man of the new nation.

His statue will be erected throughout the Confederate States of America, Richmond is preparing for the construction of a presidential memorial, and President Jefferson Davis will soon be retired after completing the sacred mission entrusted to him by history.

His successor is General Robert Lee, who won high honors in the North American War, and who has won the presidential race and is sure to become the next president of the Confederate States of America, thus completing the historic legacy.

The sale of Texas gave the Confederate States of America an easy look into the future, which gave them a long sigh of relief.

As for the huge loan principal and interest of more than 14.5 million yuan to be repaid every year, it will be a headache for the next government.

Optimistically, when the economy grows, the population grows, and the tax power increases, then there will always be a day when the debts will be paid off.

The Confederate States of America did not mortgage the customs to the Tang Empire, and they were not obsessed with repaying debts, nor did they have any sense of oppression, so it was better to let things go with the flow.

It would be better to look at the bitter northern neighbors.

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