Chapter 338 Central Bank

Faced with this man-made huge wave, Franz decided to take advantage of the situation and use the extra funds to establish a West African Development Company with dual royal and national backgrounds.

Of course, the hard work of the common people has not been forgotten, so allowing those 5 million households to become shareholders can be regarded as a disguised form of national ownership.

It is worth noting here that financiers are not completely idle in this economic storm. At least they have objectively promoted the speed of Austria's process of gathering scattered private wealth.

If the country takes the initiative to do this, it will be very troublesome and will attract a considerable degree of criticism. There happens to be a ready-made scapegoat at the moment, so why not?

Of course, this cannot be said completely. After all, the financiers among them who successfully escaped from the top still made some money.

On the other hand, this stock turmoil actually helped the empire a lot; although the speculators made profits, they actually paid real money.

According to the practice of this era, credit currency still cannot completely replace the status of precious metals; that is to say, whoever has more metal currencies in their hands during the war can last longer.

Of course, from another perspective, this also sounded a wake-up call for the empire; it was time for an old antique to retire, and the Austrian Imperial State Chartered Bank should also come to an end.

The time is now ripe for a central bank. After experiencing this crisis, the central government's ability to control financial affairs has been greatly strengthened, and the establishment of the Royal Overseas Development Company has cleared the final obstacle and made everything fall into place. The only thing left is a person with the right identity to formally raise this issue. .

The perfect candidate to meet this criteria is naturally Franz.

In fact, central bank is no longer a paper concept or a new thing. As early as 1668, Sweden reorganized the Kris Bank into the National Bank, which is recognized as the earliest central bank in the world.

The Bank of England was also born in 1694. From its inception, it became the engine of the Anglo-Saxons, providing financial support for their foreign wars and national policies. Its role in promoting British history can be said to be indispensable.

As a classic line from "Currency Wars" states, "As long as I can control a country's currency issuance, I don't care who makes the laws!"

Although this sentence is both illogical and exaggerated, it does illustrate the indispensability of currency issuance to a country.

The central bank actively plays such a role in social life; it is the dominant financial center institution of the central government and an important tool for intervening and regulating the development of the national economy; in addition, it has the unique power to issue currency and is responsible for formulating and executing national policies. Monetary and credit policy and the implementation of financial supervision.

The specific method of operation is to increase currency liquidity through means such as reserve requirement ratio and interest rate cuts to boost the economy during economic downturns.

When the economy overheats, raising interest rates and increasing the reserve ratio are used to raise funds to reduce market heat.

For example, the famous Federal Reserve can use its powerful influence to harvest the wealth of the world.

Anyone would be envious of making money by printing money; Franz would also be interested in experiencing it for himself if possible.

The governor of the central bank is actually a high-power and important position, and even a drop of oil and water flowing out is enough to shape a new family.

Ordinary people simply cannot withstand this temptation. At this time, the laws of the empire have not yet been perfected, and the supervision is even worse.

Improving regulatory provisions and strengthening the supervisory role cannot be accomplished overnight. Although Austria is so big, it can still be done by finding a few loyal ministers.

However, considering that central bank governors need to have both strong professional qualities and the ability to adapt to circumstances, there are very few qualified candidates.

In the hearts of most people in the empire, there is only one name that is ready to be spoken.

—Solomon Rothschild.

If there is no intervention, it is very likely that he will be the one to win the central bank in the end. Of course Franz would not watch this stupid thing happen.

He already knew the candidate for the governor, but it was just because this time all the conditions for establishing a central bank were fulfilled.

What Franz did was just go along with the flow and advance the time of its establishment. Baron Brooke has been tested by time and history with his loyalty, integrity and ability, and remains unmoved even in the face of the vast amounts of gold in California.

It's just that if a rare official like him who is self-satisfied and dedicated to the public affairs remains in the Land of Sunlight, he can easily become a stumbling block in the way of people's wealth.

(The land of sunshine, that is, California, sunshine state. But it is actually a pun, and book lovers need to understand the details.)

Although Franz repeatedly told Archduke Carl Ferdinand through his subordinates traveling between the two places to ensure the safety of Baron Brooke.

Adjani was even asked to mobilize her power to protect her secretly, but the speed at which such an honest and upright person offended others was still far beyond imagination.

In less than three years, he suffered more than a hundred gunmen attacks. Although it was related to the poor local security and radical policies, it was really an exaggeration.

But it's still a bit worse than a certain Central American "Olympic champion". The bearded cigar-smoking Cuban survived 638 assassinations in his life.

In his later years, he once said, "It is entirely the fault of the CIA that I am still alive. Of course, if there is an Olympic sport that allows people to avoid assassination, I will definitely win a gold medal for my country. In this way, we won't have to work hard on the women's volleyball team."

The assassination methods in the 19th century were still very primitive. 99% of the time, people hired gunmen to kill directly in person, or rushed into the hotel with knives. Those who could poison people were high-end talents.

A very small number of smart and fierce killers would choose to use explosives for halal attacks, but the actual success rate was pitifully low.

Due to the lack of power of black gunpowder, it is necessary to increase the mass to ensure that the target is successfully eliminated. At present, there is a lack of very good detonation methods, and it is often necessary to ignite the fuse.

This method, which is not concealed and flexible enough, seems very powerless when facing heavy security. Several killers who tried this method ended up with a bitter ending halfway.

Because she often hangs out with her "geeky" boss, Ajani is almost perfect in the use of the means of sting enforcement, not to mention the subordinates she has seen and heard.

The result is that there is a shortage of killer resources throughout California, and the price has soared.

Although Baron Brook has been stared at by the god of death so far, fortunately, the Austrian side can solve the problem first every time, but even if there is only one accident.

This important figure in the Austrian Empire will go to see God in advance.

So recalling him back to the country is both a trust in him and a consideration from a security perspective, and in a sense, it is also a reward and test for him.

No one is perfect. Even saints make mistakes, let alone ordinary people.

And the prominent position of the president of the Imperial Central Bank is probably not much safer than the general manager of the California Austrian-Mexican Joint Development Company.

After all, this position will affect the interests of more people, and it is more terrible than facing assassination methods that are more terrifying than knives, guns, and explosives.