Chapter 6. Gold Reserves
How can I get enough gold? &1t;/p>
This is the biggest problem facing the Bulgarian government. As long as there is enough gold, enough banknotes can be printed to satisfy the circulation in the market. &1t;/p>
Not only can it promote commercial exhibitions, but it can also raise enough funds for the government to solve the financial crisis! &1t;/p>
Ferdinand stopped at the point. If everything had to be made clear, why would he need his subordinates? &1t;/p>
As for the latter, he believes that the Ministry of Finance will know how to do it! After all, it is also the most outstanding financial personnel in Bulgaria. Now who has gold in Bulgaria, can they not know? &1t;/p>
Ferdinand thought about it for a while, but decided to speak out. He said seriously: "In addition, the loan business still cannot be stopped, and it must be implemented in the first half of this year! From the perspective of the international economic situation, from 1993 to the present, the world has It has been prosperous for almost six years.&1t;/p>
According to the analysis of the current situation, the stock market in Russia has been abnormal recently. Some people probably think that they can harvest the wheat. The fluctuations in the stock market in the future are likely to lead to a financial crisis in Russia. &1t;/p>
Now our economy is tied to the Russians. Once the Russian financial market is turbulent and the economic crisis erupts, we will not be immune! ”&1t;/p>
After listening to Ferdinand's words, everyone's face changed greatly. In recent years, the capitalist world economy has been on the rise, and Bulgaria is no exception, and its economy has grown rapidly. &1t;/p>
Now suddenly someone says that the economic dividend has passed, and the economic crisis is about to explode. How can you not be worried? &1t;/p>
Especially Bulgaria is still in the midst of a big immigration. After the economic crisis, the unemployment rate has greatly increased, and the problem of employment placement for immigrants is even more difficult! &1t;/p>
Chancellor of the Exchequer Kennedy was the first to react.
Said: "Your Majesty, what is going on in the Russian stock market remains to be understood in detail. Under normal circumstances, the Russian economic crisis will explode, and at most two or three months, it will spread to Bulgaria, and our export trade will be hit hard!&1t; /p>
If the economic crisis may explode in the near future, then we must accumulate emergency funds, and the opening of the stock market must be postponed! &1t;/p>
Otherwise, international capital is likely to focus on Bulgaria as well. With our current situation, we do not have the energy to fight a financial war with them! ”&1t;/p>
Ferdinand nodded, the main purpose of opening the stock market is to raise funds for the construction of the railway behind Bulgaria, but this must be in a good economic environment! &1t;/p>
Otherwise, let alone raising funds, even if the price of cabbage is given away, it is estimated that no one will want it! &1t;/p>
As for fighting financial wars, don't be ridiculous, this is completely putting money on your face! &1t;/p>
As far as Bulgaria's current financial market is concerned, it is completely undefended, and it is not open. Once it is opened, international capital will not be allowed to come and go freely. &1t;/p>
Oh, it's not that bad either! At present, the financial market in Bulgaria has not yet grown up. No matter how much you search, you will not be able to fry a few drops of oil in the thin meat! &1t;/p>
Ferdinand said with a smile: "Then let it go first, and then discuss it after the economic crisis is over! Now we should hurry up to raise funds. The economic crisis is both a crisis and an opportunity!&1t;/p>
The last time the economic crisis broke out, our strength was still too weak, and there was no way to get a share of the pie. Even so, didn't it take the opportunity to drag down a few competitors? &1t;/p>
If we can seize this opportunity, it will not be a dream for us to fight for ten or eight years less! ”&1t;/p>
Bulgaria snatch the biggest piece of cake in the Balkan War, and it is inseparable from the economic crisis from 1990 to 1993! &1t;/p>
Arms race + economic crisis, whether Serbia, Greece, the Ottoman Empire, or Romania have suffered heavy economic losses. Among them, Serbia and the Ottoman Empire also led to domestic conflicts! &1t;/p>
Even the Austro-Hungarian Empire did not escape. In the acquisition war of Ferdinand, the financial crisis was induced, and it took a long time to recover! &1t;/p>
...&1t;/p>
As soon as the cabinet meeting was over, the Ministry of Finance moved. If you want to make a big profit in the economic crisis, the prerequisite is to have enough funds! &1t;/p>
Now Kennedy is holding an internal Treasury Department meeting, worrying about gold. &1t;/p>
"As you all know, we have always been subject to insufficient gold reserves and have not been able to issue enough currency for circulation in the market.&1t;/p>
There are still a lot of foreign currencies in circulation in Bulgaria, and the government wants to ban them. British pounds, francs, rubles, marks, krona... Basically, the mainstream currencies in the world can be found here. &1t;/p>
As a result, a lot of our wealth has been earned away in vain. At the same time, it also restricts our domestic commercial exhibitions, in order to solve this problem. &1t;/p>
At the cabinet meeting just now, His Majesty has decided to increase the currency to overcome the financial crisis. Our Ministry of Finance must solve the problem of gold reserves! &1t;/p>
Now, if you have any suggestions, please speak up and discuss them. This matter is related to the future exhibition of Bulgaria. It is a huge victory to solve the currency problem sooner rather than later! ”&1t;/p>
The director in charge of the currency bank thought for a while and said, "With the current gold reserves of the National Bank, our currency has reached its limit. If we want to continue to increase the currency, we can only find a way in other places!&1t;/ p>
The Balkans have been the main source of gold in Europe since ancient times, and there should be a lot of gold in circulation among the people. If you can collect all the gold from the people, it should be able to solve some of the problems! &1t;/p>
Previously, during the Balkan War, the military seized a lot of gold, and this batch of gold was the emergency for us, otherwise the problems we are facing now will be even more serious! ”&1t;/p>
Kennedy shook his head and said, "It's difficult! Most of the private gold is scattered, and most of it is a variety of handicraft products. Aside from other factors, the purchase price will be much higher, and the gain is not worth the loss!"&1t;/p>
The director of the tax department thought for a while and said: "Actually, we in Bulgaria are not without gold, but not in the hands of the government! As far as I know, Royal Bank and Union Bank have a large number of international exchange operations, and they have stored a large amount of gold in their hands. !”&1t;/p>
"How many?" Kennedy asked eagerly&1t;/p>
As long as there is, the Ministry of Finance has a way to take it out of their hands. It is nothing more than an exchange of interests. What Kennedy is worried about now is that they have too little gold reserves! &1t;/p>
The Director of Taxation thought for a while and said: "The two together have at least a dozen tons of gold, maybe even more. In recent years, they have also acquired several gold mines, and the mined gold has been stored and not sold! ”&1t;/p>
After hearing the specific numbers, Kennedy's face suddenly looked much better. This number is much larger than he expected, and now the Bulgarian state's gold reserves are only about 30 tons. &1t;/p>
If this part of gold is included in the currency reserve, at least 300,000,000 to 400,000,000 levs can be added to the market, which will greatly alleviate the current dilemma of insufficient currency flow in Bulgaria! &1t;/p>
Kennedy thought for a while and said, "Send someone to talk to them right away. Any conditions can be negotiated!"&1t;/p>
"Forget it, I'll talk to them myself!"&1t;/p>
Thinking of the terrifying background of these two banks, Kennedy still decided to go out in person to be safer. If he was screwed up by his subordinates, he still had to clean up the mess. &1t;/p>
Behind the Royal Bank is Ferdinand, and behind the United Bank is most of the Bulgarian business community, none of which is easy to mess with. &1t;/p>
Although they are under the jurisdiction of the Ministry of Finance, it does not mean that they will listen to the Ministry of Finance, especially if it involves large enough interests! &1t;/p>
In line with the persimmons looking for soft pinch first, Kennedy took the lead to find Union Bank. After all, compared with Ferdinand, the Bulgarian business community is still more troublesome, at least they still have to give the Minister of Finance face! &1t;/p>
If you go to the Royal Bank first, the person in charge is the Chancellor of the Palace. &1t;/p>
At this time, President Victor of Union Bank was already waiting eagerly, waiting for someone from the Ministry of Finance to come to the door! &1t;/p>
Asking for help, Kennedy had a good attitude and said apologetically, "Mr. Victor, I'm very sorry to bother you this time!"&1t;/p>
Even if Victor already knew Kennedy's intention, the businessman's nature made him continue to pretend to be confused, made a flattered expression, and tried to smile and said, "Where! Mr. Kennedy can visit, it is really an honor! I don't know. Your Excellency is here this time, what advice do you have?"&1t;/p>
Kennedy smiled and said, "I don't dare to take advice. In fact, I'm here to ask you for help this time!"&1t;/p>
Victor pretended to be surprised and said, "Oh! What can I help you with? Your Excellency, as long as it is within my ability, I will never refuse!"&1t;/p>
Hearing Victor's words, Kennedy's face darkened, and he thought to himself: Old fox, why won't you refuse within your ability? It's better to say that it is beyond the scope of ability, let's not talk about it! &1t;/p>
"Your Excellency can definitely help you in this matter! Our Ministry of Finance wants to buy a batch of gold from your bank. Mr. Victor must help in this matter!" Although he knew that Victor was just being polite, Kennedy was still Directly explain the purpose&1t;/p>
I saw Victor's face changed slightly, and he said with some embarrassment: "I am dissatisfied with Mr. Kennedy, the Treasury Department wants to buy gold, if the amount is not large, I can immediately agree!&1t;/p>
If the amount is too large, please forgive me and do nothing. Now the board of directors has decided to shrink the money and increase the gold reserve to deal with the crisis! ”&1t;/p>
Kennedy's face changed slightly, and he asked suspiciously: "What crisis? With the strength of your bank, you have to be so careful!"&1t;/p>
Victor said hesitantly: "I am dissatisfied with Mr. Kennedy, this involves commercial secrets and cannot be disclosed! In short, this crisis, our Union Bank must go all out!"&1t;/p>
Kennedy was stunned for a moment and thought: Could it be that people in the business world have noticed something and are starting to prepare now? &1t;/p>
Tentatively asked: "Could it be that the economic crisis is about to explode again?"&1t;/p>
Victor's face changed greatly, and Kennedy knew that he had guessed the answer! &1t;/p>
"Your bank is really well-informed. There is no fluctuation in the market at all. How do you judge that there will be an economic crisis?" Kennedy continued to ask&1t;/p>
After thinking about it, Victor said: "Since Mr. Kennedy already knows, then I will say it directly.&1t;/p>
In the international financial market, there is something wrong with the recent capital flow of those Jewish capitalists, and it seems that they are about to make another move. &1t;/p>
You know, basically if those vampires move, there will be no peace in this world. Although we don't know who they are targeting this time, for the sake of prudence, we decided to shrink our strategy so as not to be cannon fodder! ”&1t;/p>
After listening to Victor's words, Kennedy knew that if he didn't pay a big price this time, Union Bank would not take out the gold! After all, the safest measure to deal with a financial crisis is to hold a large amount of cash. Now what is more secure than gold? &1t;/p>
Kennedy said straight to the point: "Mr. Victor, let's not go around in circles. The purpose of my visit this time is to include the gold stored by your bank into the currency reserve. You can mention any conditions!"&1t; /p>
Victor didn't think about it and said directly: "Since Mr. Kennedy has said it straight, I won't give up, and include the gold we store into the currency reserve, yes!&1t;/p>
However, our joint bank must also participate in the currency bank, and must have a certain right to speak! ”&1t;/p>
Kennedy's face sank, and he pretended to be angry and said, "You are taking advantage of the fire!"&1t;/p>
Victor shook his head and said: "n! This is not our responsibility. The main responsibility for the current situation should be the responsibility of the government! If the government's national bank has the ability to undertake the heavy responsibility of currency, we will also Have fun!&1t;/p>
But now, there are many different currencies in Bulgaria, and in order to do business, we have to spend a lot of money to buy gold and exchange it! &1t;/p>
Since the National Bank does not have the ability to undertake the heavy responsibility of running the currency, why can't it be handed over to us? &1t;/p>
Mr. Kennedy, please believe that with our participation, the Bulgarian government will never have a headache due to insufficient currency flow in the future! ”&1t;/p>
Now Kennedy's heart is hesitating, should Union Bank be added to the currency bank. And once the United Bank joins, then the Royal Bank will definitely join, and the government's right to speak in it will definitely be greatly weakened! &1t;/p>
"How much gold can you take out as a reserve?" Kennedy asked coldly&1t;/p>
Victor smiled and said: "As much as the government pays, we will pay, rest assured we will not take advantage of it!"&1t;/p>
Kennedy's face changed greatly, this is where he is taking advantage of the fire, he is clearly prepared! Dare to shout "As much as the government will give, we will give as much", which also means that the strength of United Bank has far exceeded their estimates! &1t;/p>
At this moment, Kennedy has scolded the people of the National Bank to death in his heart. &1t;/p>
A commercial bank that has just been established for a few years, the gold reserves that can be taken out can be the same as the government's reserves, which is enough to show how incompetent the national bank is! &1t;/p>
Thinking about it, he suddenly found out that the gold reserves of the National Bank seem to be settled by the government, and they don't seem to have contributed. &1t;/p>
At this moment, Kennedy has decided to completely reorganize the National Bank. A bank that can only waste national resources and cannot create benefits is a crime to keep! &1t;/p>
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