Chapter 159, The Great Inflation
There are constant good news and many troubles accompanying it. There are more allies and easier roads, and more allies and more disputes.
Originally, the internal conflicts in the mainland alliance were large, and after the increase of member states, the situation became even worse.
If the Vienna government had not been in the middle of reconciliation, the big fight that occurred in Europe might have been staged in the Americas.
Foreign Minister Leo: "Your Majesty, news came from the Embassy in the Far East that the Japanese government sent representatives to submit a letter of state, requesting a ceasefire negotiation."
I have to admit that the Japanese people these days are really able to bend and stretch. Without a neutral country, they dare to jump out to mediate, so they simply come to the door by themselves.
Although this has lost the initiative in negotiations; however, with the current international situation, the Japanese government has no initiative at all, so it doesn't matter how lost it.
What really requires extra effort is nothing more than the illusory "face"; and the worthless "dignity" for the weak.
Although there are many member states of the Mainland Alliance, there are not many who have the weight, and those who are willing to speak for the Japanese do not exist.
Anyway, the Japanese did offend three big bosses. If you help at this time, who knows if you will get into trouble?
The only option left to the Japanese government is to find a new owner to seek asylum before the British are finished.
Looking around the world, except for the Holy Roman Empire, there is no other one to be found.
Political affairs do not talk about feelings, and even if there is a conflict with Shinra, the Japanese government can only bite the bullet and get it together.
This was expected, but it really happened, and Franz couldn't help but want to laugh.
In order to maintain the image of the monarch, Franz suppressed his smile and said seriously: "If you want to get a truce, you can get a truce. The Japanese think this is a child playing house.
Tell the Japanese that they want to truce the war, they must show sincerity, or they will put down their weapons and surrender unconditionally."
The word "sincerity" is probably the most difficult word to understand in the world. What should I do to be considered sincere? I guess no one can answer it.
However, this is exactly what Franz wants to see. Only with an ambiguous reply can one not take responsibility and leave enough room for maneuver.
Otherwise, once the news of "instructing the Japanese to kill the Russian army in the Far East" spread, where would Emperor Franz put his face?
It doesn’t matter if you cheat your allies, allies are originally used to cheat. But if you cheat your allies by the open fire, you will surpass the bottom line.
As the rulemaker, Franz would not do such a cross-line thing.
In contrast, let the Japanese understand it on their own, then no matter what happens, it has nothing to do with Franz.
The main thing is to look at the end of the Russian Empire's civil war. If Russia is lucky enough to be split, it means that the Japanese have not shown sincerity and must be severely punished.
If the Russians survived the crisis and were in the need of checks and balances, it would be fine to keep the Japanese pawn.
Of course, the prerequisite is that the Japanese killed the Russian army in the Far East and proved that they had the strength to restrain the Russians.
Fortunately, only Franz's plan is known by himself. If the Japanese government knows the truth, he may immediately collapse.
What’s even more tragic is that no matter how mentality is, you must follow the established script.
At least there is a certain chance of betting on whether the Russians can survive. If they reject the content in the script, it will be 100% done.
Prime Minister Chandler: "The Japanese are just a small trouble, a militarized agricultural country, and it is not worth our efforts to pay attention to it.
Including disputes between American allies, the interests of the United States are not a big deal, and it can be resolved in a little time.
The real trouble is the Americans and Russians. Although the United States has split once, the United States is still too large.
No one knows how much benefit they have gained from the British this time. Once they have digested their income, it will definitely be a trouble in the future.
The Union countries must also be vigilant. Although they tend to be more in this war, it is said that war against the United States has been dragged down until now and there is still no real action.
It is obvious that I want to use the power of the alliance to expand my own power. If it is not curbed, it will be another burnt camellia in the future.
Not to mention the Russians, the Russians have been a threat to the European continent in recent hundreds of years, and only after the rise of the empire, they have been settled for several years.
The Tsarist government's greed for land is endless. If they do not weaken their strength, I am afraid that the European continent will not be peaceful in the future.
Now is the best opportunity. Once they miss this opportunity, they will collude with Britain and France who are unwilling to fail in the future, which will be a huge trouble."
It can be seen that Prime Minister Chandler did not take the British seriously. Before the world war was over, Britain moved two positions from Shenluo's threat list.
Relatively speaking, it is quite simple to target the United States. Anyway, it is the enemy now, and as long as they do not accept their turn against each other, they can pull their allies to suppress them openly.
The most troublesome thing is to deal with the Russians. As a traditional ally of Austria and now an important member of the mainland alliance, it is impossible for the Vienna government to attack them directly.
Not only can we not start, the Vienna government, as an ally, must also provide help to the Russians on the surface.
Even cutting off the supply of strategic materials has been found an excuse to "prioritize supply to the Russian army on the front line", otherwise it would not be possible to explain it.
This is the limit that the Vienna government can do. It is impossible to support the national independence movement and assist the revolutionary party at all.
"The American problem will be put aside for the time being and will be dealt with after the war against Britain is over.
We are not convenient to intervene directly in the Russians’ problems, so the Berlin government will take care of it themselves.”
Fortunately, the Holy Roman Empire also had a Prussia that was firmly anti-Russia. Otherwise, Franz would not know who should make a move.
Although these small actions cannot be hidden from anyone who is interested; as long as the Vienna government firmly refuses to admit it, it means that it is not done.
As for the anti-Russian behavior of the Kingdom of Prussia, it is a historical issue and has nothing to do with the central government.
...
The Vienna government is preparing for the aftermath, while the London government is also thinking about the way out. At this point in the war, Britain has essentially lost.
As allies continue to turn against each other, the supply of supplies to the British Isles has become increasingly difficult.
Now we must not only beware of enemy submarine attacks, but also worry about the thorns from our allies.
Once allies change camps, all Britain's assets in the country will be wasted.
In a sense, Britain's huge overseas investment is also one of the reasons why countries dare to change jobs.
The confiscation of these British assets not only made a letter of appeal to the mainland alliance, but also made up for a lot of the price that needed to be paid, and some countries even made a profit.
The war has not yet failed, but the British have experienced the sequelae of defeat.
The large amount of overseas assets has been lost, and the British capital industry has also suffered heavy losses, especially the financial market, and the stock market has been cut in half and then halved.
It was different from the previous confiscation of assets by the Mainland Alliance. At that time, everyone thought that they could get it back with capital and profit after the war was over.
The situation is very obvious now. Anyone with a little knowledge knows that the British Empire has lost the possibility of winning the war.
The most optimistic estimate now is that Britain can escape unscathed after paying a certain price.
Stocks are speculating on expectations. Now, the future expectations are gone, and naturally become the biggest negative in the market.
Compared with ordinary investors, well-informed consortiums have reacted more fiercely and are now slashing their losses at all costs.
The cut of the money is not over yet. After getting the cash, the capitalists tried every means to exchange gold. Even if the premium is needed now, it still cannot stop everyone's enthusiasm for gold.
In the gold standard era, the pound exchange for gold requires a premium. From an economic perspective, gold prices rose, or the pound depreciated.
As a monetary reserve, the value of gold itself has not changed, so it can only be the depreciation of the pound.
And with the continuous rise of "premium", the "depreciation" of the pound is still continuing.
Based on the general market judgment of the depreciation of the pound, it seems that overnight, the pound has become a junk currency that everyone dislikes.
Affected by this general environment, prices in the British Isles once again set foot on the highway and began to run upwards.
Not to mention that we are expecting to turn defeat into victory, even if we pay a certain price and get away with it, we will not have hope.
The stock market crash is second, and what makes Prime Minister Campbell the most headache is the financial crisis caused by the stock market crash.
The war is all about money. The British Empire's fiscal revenue was not too high. At least when compared with the Holy Roman Empire, the two were not on the same level.
The most critical factor in being able to mobilize enough funds for war is that the UK's financial system is well developed and the government's financing capabilities are strong.
But now a financial crisis has broken out and the London financial market has been hit hard. There is almost no possibility of financing from the market in a short period of time.
War is a gold-swallowing beast. It depends on the little wealth in the government's hands. If there is no subsequent funding, it will not last long.
The situation was already dangerous, and now there was a problem with the supply of materials and the government's wallets. It was difficult for Campbell to think that it was not panic.
It’s useless to panic. The biggest problem in Britain now is “confidence.” The people, interest groups, and even government officials are skeptical about whether they can win this war.
Unless the British army can achieve a major victory on the battlefield and stimulate everyone's nerves, there is almost no possibility of reversing everyone's ideas.
Minister of Finance Asquis: "In recent times, domestic inflation has been very strong, the people at the bottom are suffering, and the market is losing confidence in the pound.
More and more people choose to exchange gold, and our reserves have dropped to their lowest point in fifty years and have to temporarily suspend free exchange.
However, this is a treatment of symptoms but not the root cause. It can only temporarily curb gold outflows and cannot fundamentally solve the problem.
To avoid this, the best way is to decouple the pound from gold and implement a credit standard system.
…”
The methods were forced out. If there was no wave of bank runs, Asquith would not have implemented a "credit-based system" no matter what.
It’s not that I don’t know the benefits of the “credit-based system”, but the main reason is that the risks contained in it are too great. If you are not careful, the value of the pound will be completely depressed.
Chapter completed!