Chapter 111 Central Bank
Faced with this man-made wave, Franz decided to use the extra money to establish a West African Development Corporation with a royal and national background.
Of course, the hard work of those civilians has not been forgotten here, so letting those 5 million households become shareholders is also a disguised national ownership.
It is worth noting here that the financiers were not completely incompetent in this economic turmoil, at least they objectively contributed to the process of accumulating scattered private wealth on the part of Austria.
If the state took the initiative to do this, it would be very troublesome and would attract a considerable degree of criticism. There are ready-made back-to-back heroes right now, so why not?
Of course, it can't be said exactly, after all, the financiers who managed to escape from the top of the list still made some money.
On the other hand, this stock turmoil is actually a lot of help for the empire; Those speculators made a profit, but they did pay real money relatively well.
According to the practice of this era, credit currencies still cannot completely replace the status of precious metals; That is, whoever has the more metal money in his hands in the war will be able to hold out longer.
Of course, from another point of view, this is also a wake-up call for the empire; It's time for an old antique to retire, and the Austrian Imperial State Chartered Bank to die.
The time is ripe for a central bank at this moment. After the crisis, the central government's ability to control the financial sector has been greatly strengthened, and the establishment of the Imperial Overseas Development Corporation has cleared the last hurdle to make everything fall into place, leaving a person with the right position to formally raise the issue.
The obvious candidate to meet this criterion is naturally Franz.
In fact, the central bank is no longer a concept or a novelty on paper. As early as 1668, Sweden transformed Chrisbank into the National Bank, which is recognized as the world's first central bank.
The Bank of England was also born in 1694 and has been the engine of the Anglo-Saxons since its inception, providing financial support for their foreign wars and national policies, and its contribution to British history can be said to have been indispensable.
As a classic quote from "Currency Wars" says, "As long as I can control the currency distribution of a country, I don't care who makes the laws!" ”
Although this statement is both illogical and somewhat exaggerated, it does show that currency issuance is indispensable for a country.
Central banks play such an active role in social life; It is the central financial center institution in which the central government occupies a dominant position, and it is also an important tool for intervening and regulating the development of the national economy. In addition, it also has the exclusive power to issue currency, and is responsible for formulating and implementing national monetary and credit policies and implementing financial supervision.
The specific mode of operation is to increase the liquidity of money through means such as RRR and interest rate cuts to boost the economy when the economy is in a downturn.
When the economy is overheated, the purpose of reducing market heat is achieved by raising interest rates and raising the reserve ratio to withdraw funds.
The well-known Federal Reserve, for example, can use its powerful influence to harvest the world's wealth.
Anyone would be very envious of the fact that they can make money by printing money; Franz would also be interested in experiencing it for himself if he could.
The governor of the central bank is a very important position, and even a drop of oil and water can shape a new family.
Ordinary people simply could not withstand this temptation, and the laws of the empire at this time were not yet perfect, and as for the regulation, it was a mess.
The improvement of laws and regulations and the strengthening of the supervisory role are by no means something that can be accomplished overnight. Although it is a huge Austria, it is still possible to find a few loyal ministers.
However, given the need for a central banker to have a strong combination of professionalism and the ability to respond to emergencies, there are very few people who can do the job.
In the hearts of the vast majority of people in the empire, there is only one name that is ready to come out.
—Solomon Rothschild.
If he does not intervene, he will most likely be the last to win the central bank. Of course, Franz wasn't going to see such a stupidity happen.
He already knew who he would be for the governor, but it was just because this time all the conditions for the establishment of a central bank were in place.
All Franz did was push the boat forward to build it. Baron Brooke has been tested by time and history with his loyalty, integrity, and skill, even in the face of California's vast gold splendour.
It's just that a scarce official like him who has been staying in the land of the sun can easily become a stumbling block to people's money.
(The Land of the Sunshine, California, Sunshine State.) But in fact, it is a pun, and the specific needs to be understood by the book friends themselves. )
Although Franz repeatedly told Archduke Carl Ferdinand to ensure the safety of Baron Brooke through his subordinates.
even asked Adjani to draw forces to protect secretly, but the speed at which this kind of honest and upright person offended people was far beyond imagination.
In less than three years, he has been attacked by more than 100 gunmen, which is an exaggeration in connection with the poor security and aggressive policies of the area.
But it's still a little worse than a certain Central American "Olympic champion", the Cuban cigar-smoking bearded man who has escaped 638 assassinations in his lifetime.
In his later years, he said, "It is a complete dereliction of duty on the part of the CIA that I have survived until now, and of course if there is an Olympic sport to avoid assassination, then I will definitely win a gold medal for my country." So we don't have to work hard with the girls of the women's volleyball team. ”
In the 19th century, assassination methods were still very primitive, with a 99% chance of being killed directly by hiring gunmen in front of them, or rushing straight into the hotel with knives, and those who would be poisoned were high-end talents.
A very small number of clever and fierce killers will choose to use explosives for halal attacks, but the actual success rate is pitifully low.
Due to the lack of power of Black Powder, a considerable amount of mass is required to ensure that the target is successfully removed. Nowadays, there is a lack of excellent means of initiation, and it is often necessary to ignite the lead.
This lack of concealment and flexibility is very weak in the face of heavy security. Several killers who tried this method ended up drinking halfway through.
Constantly hanging out with her "weird" boss, Adjani is almost adept at fishing enforcement, not to mention the men she's heard and witnessed.
The result is a shortage of killer resources throughout California, and prices skyrocket.
Although Baron Brooke has been staring at death until now, the Austrian side has always been able to solve the problem first, even if it is only one accident.
This important figure in the Austrian Empire will go to God in advance.
Therefore, his recall is not only a trust in him, but also a security consideration, and in a sense, it is also a praise and test for him.
To err is human. Even a saint can make mistakes, let alone a mortal.
And this prominent position of the governor of the Reich's Central Bank is probably not much safer than that of the general manager of the California Omocan United Development Company.
After all, this position will affect the interests of many more people, and it will be more terrible than facing assassination methods that are more terrible than knives, guns, and explosives.
(End of chapter)