"The crazy depreciation of the franc is something we have to worry about, and we also want to put an end to the possibility of other countries learning from the French depreciation currency." At diplomatic talks between the UK and Australasia, Treasury officials spoke eloquently about the risks posed to Britain and Australia by the depreciation of other countries' currencies.

You know, compared to France, where the currency is less stable, the British pound and the Australian dollar in Australasia are relatively stable.

The depreciation has certainly undergone depreciation, but the depreciation rate has basically remained below 10%, which is a completely acceptable range.

But the franc is different. If the purchasing power of the franc was 100 per cent before the outbreak of the war, the purchasing power of the franc is now less than 25 per cent.

Before the war, 25 francs could be exchanged for 1 pound sterling, and the conversion ratio between the two was relatively stable.

But now, the exchange rate between the franc and the pound has plummeted to 247:1, and it may be that 300 francs is equivalent to 1 pound.

With the exchange rate of the franc and the pound plummeting, will the French still stick to the gold standard?

It was the government's business to discuss the possibility of sticking to the gold standard and to negotiate a union in this currency competition, and William's task was to sell off the Australasian royal family's assets in London and convert them into gold and other stores of value as much as possible.

Although Arthur sold all the assets of the old Duke Arthur after he went to Australasia, the expansion of the royal consortium in the past 20 years could not completely avoid the huge city of London.

As the current financial capital of the world, the London Stock Exchange is a frequent place for major capitalists, and many companies are listed here by the royal consortium.

At present, the most famous should be the British branch of the Benz Automobile Factory, which was co-opened with the British aristocracy, which can generate millions of pounds in revenue every year, monopolize more than seventy percent of the British car market, and bring a lot of income to the British local power and Australasia.

That is, it cooperated with the local aristocracy, and Australasia had a better relationship with the British, so as to avoid the covetousness of the British government.

If there is no such relationship, this company that is making money every day has basically no room for resistance in a foreign country, and in front of the national government, a targeted enterprise is like a lamb to the slaughter.

Of course, the property sold this time is not the British Benz car factory, but some minor investments, including some London real estate companies and so on.

Despite London's growing economy, the stock market is a booming scene. But how long can this boom last? If you don't withdraw early, it will be too late to exit when the stock market fluctuates in the future.

Arthur could not guarantee that the economic crisis would happen as it had been in history, and it was necessary to sell some of his property in advance.

Once the economic crisis occurs, some companies will shrink several times overnight, and even risk bankruptcy if they are not careful.

But the exit from the London Stock Exchange will also need to be gradual, and it will be impossible to sell all of these assets at once.

Not to mention whether it will arouse suspicion, all assets are sold together, and even the London stock market cannot eat so much property.

More importantly, a large number of asset sell-offs may cause turmoil in the stock market, or even directly cause the stock market to crash early, allowing an economic crisis to occur.

While Australasia is prepared for an economic crisis, the London stock market crisis caused by Australasia's asset sell-off is a lot of fun.

After all, where the economic crisis occurs, it is most affected. If the British economy had been brought down, there would have been no major military spending in World War II.

The first to sell are real estate companies and businesses. The real estate speculation was quite successful.

Although the national conditions in Europe and the United States are not the same as those of later generations, it is still relatively easy to speculate in real estate in some economically developed cities.

No matter how sparsely populated a country is, when it is concentrated in a single city, the population is still prone to overpopulation and saturation.

Especially in large cities like London and New York, with a population of more than 7 million, a little boost can make real estate boom continue to grow.

The London Real Estate Company, set up by the royal consortium in London, has built more than 50,000 properties and made more than £2 million in profits.

The price of a property in London has skyrocketed from a few dozen pounds to about 150 pounds, and the price of a slightly larger and more luxurious apartment has exceeded 200 pounds.

Under the influence of such exaggerated property prices, the British economy is also rising, and the annual growth rate has exceeded 7%.

Of course, compared to London, which is not deliberately hyped in Australasia, New York property prices are the most exaggerated.

Housing prices in New York were originally below $700, and the price of the cheapest second-hand homes has grown to more than $1,000, and even each one is a target for grabbing.

Most of the new homes were priced above $1,500, and even better at $2,000, which is twice the price of a house in London.

Fortunately, Americans do have money, and even if the price of a house exceeds $2,000, Americans' enthusiasm for buying a house still does not waver.

The royal consortium's real estate company in New York is the biggest investment, building more than 20,000 properties a year and making an annual profit of more than $10 million.

This is not much, behind the rising housing prices, some American capitalists have seen business opportunities, influencing the government to promote various policies restricting self-built houses.

It's very difficult to build your own house in the suburbs of New York in the United States. Not only do they have to pass the government's qualifications, but they also have to spend a lot of money to connect to water and electricity, and build roads to connect roads.

These are all written in the qualifications for self-built houses, and they are also the price that Americans must pay for choosing to build their own houses.

In this way, self-built housing is not necessarily a suitable and cost-effective option. Not to mention the difficulty of completing the various conditions, the additional cost of connecting to water, electricity and roads alone is enough to discourage some ordinary families.

It is worth mentioning that the real estate company in London, which is invested by the Australasian royal consortium, is now completely owned by William.

It was a gift from Arthur to William when he turned 16, a real estate company with a market capitalisation of over £3 million.

The concept of private property in the West is still relatively profound, even if it is a father and son, without permission, William cannot unscrupulously spend Arthur's money.

This also means that in addition to the fixed annual funds of the royal family, William can only earn it on his own if he wants to have additional expenses and income.

The annual annuity of the members of the Australasian royal family is fixed, and William can only get 50,000 Australian dollars at the same level as the duke's dividend.

While $50,000 may seem like a lot, it's not much on the premise of maintaining the luxurious lives of royals.

Even if William is not extravagant, the annual cost of food, clothing, housing and transportation exceeds tens of thousands of Australian dollars, plus other expenses, at least more than 20,000 Australian dollars.

This is also because William is not an adult, and he has not met too many partners, so he does not need to spend extra money such as private banquets.

For example, Queen Mary often held small banquets between nobles, each banquet cost tens of thousands of Australian dollars, and the cost of alcohol alone was enough to deplete the duke-level annuity.

As the first heir to the throne, it was simply impossible for William not to hold a banquet when he came of age.

Especially with Arthur's permission to cultivate his own power, the cost of the banquet cannot be too low, which is also a test of William's earning ability.

Even if William had saved enough before, the total amount of annuity he received from Queen Mary for temporary custody was only about half a million Australian dollars.

But if you add this real estate company with assets of more than 3 million pounds, William's worth will instantly exceed 7 million Australian dollars and become a well-known rich man in Australasia.

What is the value of $7 million? Based on the unchanged ratio of the pound sterling to gold, 7 million Australian dollars is equivalent to 3.5 million pounds, which is equivalent to 25.655 tons of gold.

According to the price of gold in the future, 25 tons of gold is equivalent to tens of billions of yuan, whether it is now or in the future, it is a proper rich man.

Of course, just because the real estate company is worth £3 million, it doesn't mean that William will get the full $3 million after selling the real estate company.

Even if it is not handled well, it will become extremely difficult to sell real estate companies, and it is very possible to be dragged down in the stock market crisis.

Real estate companies look valuable now, but if the economic crisis erupts, the market value of real estate companies may even shrink by more than half.

After all, the economic crisis has erupted, and will anyone still use what is valuable in their hands to buy a house?

No matter how important a house is, it can't compare to food and supplies that can protect one's life in times of crisis.

At that time, there will even be many people who sell their houses at low prices and use the income from the sale of their houses to buy enough food for themselves and their families.

As a result, the price of real estate will also plummet, and the value of real estate companies will plummet after the market is disrupted.

Although it seems that Arthur handed over the London real estate company to William as a reward, how to sell the company unobtrusively and get the first pot of gold to make his own money is also the biggest test for William.

If even a small real estate company can't handle it, then how can Arthur trust William to handle the huge country of Australasia.

The total value of the property company is only £3 million, but Australasia's GDP is worth a billion dollars, and the fate of more than 30 million Australasian people is at stake.

From the beginning of this diplomatic visit, Arthur's test of William had already taken place. As long as he passes the test, William will be the crown prince of Australasia and the next ironclad heir to the throne.

But if he can't pass the test, for the development of the royal family, for the future of the country and tens of millions of people, Arthur can only rethink carefully about the heir to the throne.

In order to keep William available, he was accompanied by the Minister of Princely Affairs, Yajddin Blank.

The Minister of Royal Affairs is also a special position in the cabinet, and he is basically a candidate who is extremely loyal to the royal family, and the loyalty requirements for this position are far greater than the ability.

The last Minister of Royal Affairs was the current Minister of Finance, Hunt Hunt, the younger brother of the former Prime Minister Kent and the second son of the palace steward.

Of course, Yajedine Blank's identity is also quite special. This is the first henchman cultivated by Arthur in the true sense, not the power inherited from the old Duke Arthur.

In the early days of his arrival in Australia, Arthur cultivated a large number of Australian orphans, cultivating them in a more suitable direction as a great help for himself and his future heir to the throne.

The power inherited through the old Duke Arthur also made Arthur understand that while it is important to train an heir to the throne, it is also important to cultivate a large number of loyal and capable subordinates for the heir to the throne.

Arthur was able to rule so smoothly when he came to Australia, and it was not unimportant that the old Duke Arthur passed on a large number of Arthur's subordinates.

The reason why the expansion of the royal consortium went so smoothly was because Arthur had a large number of henchmen who were loyal to him, which was completely different from those officials in the government.

Although the Kingdom of Australasia was also part of Arthur's domain, government officials and the king's personal subjects were two different concepts entirely.

Government officials tend to be more biased towards the state when they think, and although most of the time they are loyal to Arthur's rule, there are inevitably exceptions.

The king's personal subjects were a different story. The meaning of private vassals is very simple, that is, the vassals who belong to Arthur's center, and they will think about things first, and the interests of Arthur and the royal family first, and the interests of the state secondary.

It is also a disagreement between monarchies about the importance of the monarch and the state. The state-based feels that the state is above everything else, and the king is only the ruler of the state.

However, the private ministers who are mainly monarchs will feel that the monarch is above all else, that the monarch is the master of the country, and that the interests of the monarch are far greater than the state.

From different perspectives, these two concepts naturally have different truths. For the monarch of a country, how to better control these two forces is the key to governing the country.

There are many ways in which European monarchies check and balance their governments, and one of them is the two-party system. That is, to introduce two parties with completely opposite ideas, and to find opportunities for the monarch to seize power through the competition between the two parties.

However, this method is not used in Australasia. There are many parties in Australasia, what the National Party, the United Party, the Country Party, the Liberal Party, etc.

But when it comes to the most specific party ideas, a considerable number of parties are still relatively conservative royalists.

Because of Arthur's great prestige, Arthur also became a symbol of Australasia. No one in Australasia would call for the abolition of the king and the royal family, because it would also be equivalent to the abolition of the Kingdom of Australasia, turning the country they love into a war scene of division.

Today's change is this, the 21st editor-in-chief, 21-27 a week 10,000.

(End of chapter)