Chapter 281 Retreat

Franz has been very busy recently. The economic crisis is coming. He has to cash out most of the industries in his hands. Companies that can go public and make money must go up and down.

Investments in stocks and bonds should be completely emptied. If you don't have enough money, how can you buy a bargain?

Franz took care of everything involving huge sums of money. It's all my own money, and I don't want to leave it to my subordinates to take care of it at all. Who can rest assured?

Especially at the critical moment before the economic crisis, the losses caused by any wrong decision are astronomical.

Not only personal assets to be dealt with, but also the Habsburg family's industry needs to be dealt with. With so many industries intertwined, Franz's scalp is numb.

This can be regarded as a happy trouble. In the past few years that dominated the Habsburg dynasty, the family industry has also expanded rapidly, and it has invested in many fields.

This is a good thing in normal times, but not necessarily in the event of an economic crisis. Once a decision is made wrong, the results of the hard work in the past few years will all vanish.

The butterfly effect is powerful. Historically, this economic crisis started in the United States in the second half of 1857, and now a rapidly industrializing Austria has been added. Who knows what the result will be?

Some time ago, the Vienna government has continuously launched municipal engineering projects to attract capitalists to invest. In essence, this is also a means of delaying the outbreak of the economic crisis.

The start of these basic engineering projects will naturally consume a part of the industrial production capacity, alleviating the crisis of overcapacity.

Taking advantage of this opportunity, the Vienna government has also shot a lot of thin-profit industries. In a darker way, Franz is buying time for himself to retreat, but it is also beneficial to the country.

This withdrawal must be carried out slowly and find enough takers, otherwise, if you withdraw so much money from the market and leave, will it not collapse immediately?

Uncertain when the economic crisis broke out, Franz began to slowly realize the industry in his hands from the beginning of 1856, and it has continued to the present.

John Stewart reports: "Your Majesty, the last batch of railway stocks has been sold, and a total of 1.8 million Aegis has been cashed; five cement plants have been sold this month, and a total of 780,000 Aegis have been cashed out. shield……

It is expected that in the next two months, all the properties we are ready to sell will be emptied, and about 66.8 million Aegis can be raised. "

Franz nodded. He was still satisfied with the work of John Stewart. Since the beginning of 1856, he had to cash out four or five million Aegis from the market every month on average.

John Stewart did a great job of not causing market turmoil. About a tenth of the money is Franz's personal property, and the rest is family property.

It is enough to see that the European royal family is still very rich in this era, and the accumulation of hundreds of years is no joke.

And these funds are only part of the royal family's assets, and more of it is real estate. Vienna, including Vienna, is part of the immediate royal family. How could the Habsburg family be poor?

Before Franz came to power, the Habsburg family mainly lived on land and real estate income, and naturally there was not much liquidity.

Since the Vienna government implemented the land redemption policy, as the royal family, it is natural to take the lead. Franz released 700,000 hectares of remote land in one breath in exchange for a large amount of cash.

Most of this money has been invested in real estate and manufacturing. The current part of the cash is the manufacturing industry. In the environment of excess capacity, the manufacturing industry has become a non-performing asset.

In contrast, real estate is much more stable. Build a house on your own land and save on land costs. In a big city like Vienna, it is still only rented and not sold.

There is no property tax anyway, and there is no pressure to hoard real estate. When the price reaches the limit and the pick-up man is found again, the property tax will almost be released.

It seems that this does not matter much. The taxes directly received by the royal family belong to the royal family. Otherwise, how could Franz raise a private army?

Including the city defense army of Vienna, all belonged to the royal family's private army first, followed by the Austrian army. Otherwise, Franz would not have been able to win military power so easily at the beginning, without causing a backlash.

Reform is reform, and Franz will not touch the aspects that are beneficial to his own rule. If these rights are given to the government, who knows if the bureaucrats below will one day give him up?

No matter how powerful one person is, it is impossible to fight against the entire bureaucratic group. The best way is to limit their rights from the beginning.

"From now on, the money will be reduced, the loan customers will be strictly assessed, and stocks and bonds will no longer be accepted as collateral."

Franz has not forgotten his Royal Bank, which is already one of the largest banks in Austria. Once the economic crisis breaks out, I don't know how many bad debts will appear.

He raised money to buy the dips, not to fill a hole in the Royal Bank. Now that you don't reduce a loan, you reduce your risk by one point.

John Stewart explained: "Your Majesty, doing this could easily cause market volatility and could have a chain reaction.

At present, our loan review standards have always been the strictest among our peers, and the chance of bad debts is not too great.

Since two years ago, we have focused on developing the colonial loan business, lending to the lucky ones. Up to now, Royal Bank has successively issued 8 million Aegis loans.

For these loan businesses, most of the customers repay with gold. In addition to the gold purchased from the colonies, the current gold reserves of the Royal Bank have reached 58 tons.

, sufficient for any crisis. "

After listening to John Stewart's explanation, Franz suddenly understood why the consortium did not shrink its money and reduce losses before the economic crisis.

These losses are all necessary. If you shrink the money in advance, it will not tell everyone that the crisis is about to break out - run.

The world will never lack smart people. Once the news is leaked in advance, it will not be so easy to retreat.

In the time-travel novel, the protagonist warns in advance before the stock market crashes, in the name of reducing the losses of the people. Franz laughed after thinking about it, who ran to take over?

If no one takes over, then it will fall to the bottom, and in the end, the wealth that will evaporate will only be more, not less.

In order to confuse the public, experts predict the stock market crash almost every day, and everyone will be numb if they listen to it too much. Who can tell the truth from the false?

Franz thought for a while and said, "Now that you are ready, proceed according to your plan. Return the gold from the colony to the country as soon as possible. Once the economic crisis breaks out, the world will not be peaceful again."

"Yes, Your Majesty!" John Stewart replied