Vienna, Austria.

The whole city is like a huge bazaar, and the streets and alleys are packed with people. Neither the bustle nor the prosperity of this time is enough to describe the scene, but on the other hand, the Austrians' heavy use of anticipatory banknotes has made the surrounding countries feel uneasy.

In particular, Saxony and Prussia, since Austria joined the German Customs Union, have been in a disadvantaged position in trade with them, with a growing deficit and an outflow of precious metals.

This, combined with the fact that the Austrians were paying heavily with expected banknotes, made them afraid of what would happen if the system collapsed.

"The Austrian Empire intended to transfer the economic crisis to Germany and the Apennines."

This idea caused an immediate uproar and was made by Friedrich Liszt, Prussia's new chancellor of the exchequer.

As a result, the surrounding countries sent ambassadors to Austria to ask for an explanation, preferably to exchange the expected banknotes in their hands for real money.

Because Austria has indeed made a lot of money from the German and Apennine countries over the years, otherwise these countries would not have agreed to accept such a thing as expected banknotes.

But now that the Austrian Empire is openly giving money to the people, God knows what kind of chain reaction will be. In addition, Austria has recently sent large orders to other countries, which have exacerbated the unease in neighboring countries.

With the exception of Russia, firstly, they received the news relatively late, and secondly, their financial system was very low.

Vienna, Lion Pride Hotel.

Solomon Rothschild put it bluntly.

"Now that the German states and the Apennines have pressed their palaces into Vienna, the expected banknotes in your hands will become waste paper if they are not exchanged."

"So what are we going to do? The Austrian bank refused to give us an exchange. An old man dressed in rich clothes said.

"Yes, the price of the black market has fallen to eighty percent, and it is still falling. Your Majesty, please save us. A young gentleman said.

In fact, the price of banknotes on the black market is almost the same as that of normal minting because they actually have purchasing power.

But some recent bad news has upset this equilibrium, and the price of banknotes is expected to plummet.

"You should go shopping! Place a large number of orders"

After Solomon's words, everyone present looked at each other and asked them to hoard goods, this scene is familiar to everyone, but the result last time was not good at all

"Mr. Solomon, what's the use of buying so many things? No matter what, we only have one mouth and one hand." The old man before was the first to speak.

"Yes, there are so many goods that we can't even afford the storage fees."

Solomon cleared his throat and continued.

"You have to think about it, and if you continue to sell the expected banknotes now, the price will continue to plummet. Who can eat the expected money in their hands? At least you won't lose so much when you buy something, and if you want to buy it, you can buy some essential items, such as grain, coal, etc., which can be used sooner or later. ”

When the meeting was over, everyone left with a heavy heart.

Some of them planned to follow Solomon's advice and immediately go buy some grain, timber, coal, and the like.

Some people plan to find a way to exchange the expected banknotes for gold and silver to leave the country to avoid this impending crisis, and of course, some people plan to wait for the crisis to break out, and take advantage of the cheap land price to take advantage of the bottom

Solomon returned to the room alone and let out a disdainful laugh.

Because his purpose has been achieved, whatever these people do will aggravate this crisis.

As expected, the price of black market banknotes fell below 50% within a few days, and the trend is continuing to fall.

All prices are rising, especially the necessities of life have reached a point where demand exceeds supply.

Vienna, temporary headquarters of the German Customs Union.

"We demand that the Austrian Empire exchange the expected banknotes in our hands at once. Otherwise, we will stop supplying goods to Austria. Friedrich Liszt stood up and said.

"Yes!"

"Yes!"

"Yes!"

is obviously a group of high-ranking officials, but it gives people the feeling of quarreling shrews in the vegetable market.

Baron Brooke tapped his fingers on the table, and as he sat in the swivel chair, he felt twisted, so his expression was more serious than usual.

These swivel chairs are all new to Austria and can make it more comfortable and convenient to sit in. But for some of the more stereotyped, this languid feeling is their enemy.

The moving chair made them uncomfortable, and it just so happened that Baron Brooke was such a person.

"Are you all done?"

As soon as Baron Brooke spoke, the whole room fell silent.

This was partly due to the growing reputation of the Austrian Empire among the German states at this time, and on the other hand, the fame and majesty of Baron Brooke himself.

"I say, listen, as long as the expected banknotes are up to the exchange period, the face value of the banknotes is 100 florins or less in full, the hundred florins and 1,000 florins are exchanged in half, and we will only pay interest on those above 1,000 florins and 10,000 florins."

"Baron Brooke, you can't do this"

Before he could finish his sentence, he was interrupted by Baron Brooke.

"It's none of my business, rules are rules. As long as you follow the rules, we are allies. If someone wants to break the rules, or make a new one of their own, then you can give it a try. ”

The German states all kept their mouths shut, and to be honest, the Austrian Empire at this time was something they could not provoke. Whether by economic means or by force, there are few countries that can block sanctions.

It was impossible to invite this great god out of the Customs Union at this time, because even the headquarters of the League had been moved to Vienna.

Seeing that the envoys of the participating countries were all silent, Baron Brooke sighed helplessly.

"Just kidding, you can exchange the expected banknotes for gold with our Austrian Empire. This year we will exchange 300 million florins, and each country will be able to exchange a percentage of your trade with our Austrian Empire. ”

In fact, Baron Brooke didn't want to do this, but since he went to North America, he habitually gave people a disappointment at the beginning.

And his reputation and the strength of Austria at this time made ordinary countries dare not bargain with him, and Friedrich Liszt of Prussia was a wise man who did not want to be a bird.

In fact, this time Austria suddenly bled heedious, and it was not just California gold. There is a more important reason, and that is to balance the trade surplus with the surrounding countries.

Thanks to Franz, Austria has become an even more bizarre existence than ever before. The country has one of the best entertainment industries in Europe, and Franz's hard work industry is ahead of its time.

At the same time, the country is also an agricultural powerhouse in Central Europe, which means that it is not only self-sufficient, but also able to suck blood from the surrounding countries.

(End of chapter)