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

All investments in stocks and bonds must be cleared. Without enough money, how can you buy at the bottom?

Franz personally asked about all those involved in huge amounts of funds. It was all his own money, and he left it to his subordinates to take care of them. Who can rest assured?

Especially at a critical moment before the outbreak of the economic crisis, the losses caused by any decision-making mistake are astronomical.

Not only personal assets need to be processed, but also the Habsburg family's industries need to be processed. So many industries are intertwined, making Franz feel a little numb.

This is also a worry of happiness. In the years when dominating the Habsburg dynasty, the family industry has also expanded rapidly and has invested in many fields.

This is a good thing in normal times, but it is not certain if you encounter an economic crisis. Once you make a mistake in your decision, the result of your hard work over the past few years will disappear.

The butterfly effect has a strong force. Historically, this economic crisis started in the United States in the second half of 1857. Now a rapidly industrialized Austria has been added. Who knows what the result will be?

Some time ago, the Vienna government continued to launch municipal engineering projects to attract capitalists to invest. This is essentially a means to delay the outbreak of the economic crisis.

These basic engineering projects will naturally consume some of the industrial production capacity and alleviate the crisis of overcapacity.

Taking advantage of this opportunity, the Vienna government has also taken advantage of many industries with meager profits. With a darker law, Franz is also buying time for his retreat, but this is also beneficial to the country.

This retreat must be carried out slowly, and enough buyers will be found, otherwise, if so much funds are drawn from the market at once, it will collapse immediately?

It is uncertain when the economic crisis broke out. Franz has slowly started to cash in on the industry in his hands since early 1856, and has continued until now.

John Stewart reported: "Your Majesty, the last batch of railway stocks have been sold, with a total of 1.8 million SHIELD; five cement factories were sold this month, with a total of 780,000 SHIELD...

It is expected that in the next two months, all industries we are preparing to sell will be cleared, and approximately 66.8 million ASUSs will be able to raise."

Franz nodded, and was still satisfied with John Stewart's work. Since early 1856, on average, he had to cash out four or five million Syrians from the market every month.

John Stewart made great contributions without causing market turmoil. About one-tenth of this money was Franz's personal property, and the rest were family property.

It is enough to see that the European royal family was still very wealthy in this era, and the accumulation of hundreds of years is not a joke.

These funds are only part of the royal assets, and more of them are real estate. Vienna, including those of the royal family, are part of the royal family. How could the Habsburg family be poor?

Before Franz came to power, the Habsburg family mainly relied on land and real estate income, so naturally there was not much working capital.

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

Most of this money is invested in real estate and manufacturing industries. The current cash-out part is manufacturing. In the environment of overcapacity, manufacturing has become a non-performing asset.

In contrast, real estate is much more stable. Building a house on your own land saves the cost of land acquisition. In big cities like Vienna, you should only rent but not sell it.

Anyway, there is no property tax, and there is no pressure to hoard real estate. When the price reaches its limit and you find another buyer, the property tax is almost time to be released.

It seems that this doesn't matter much. The taxes directly under the royal family belong to the royal family, otherwise how could Franz raise a private army?

Including the city defense forces in Vienna, they all belonged to the royal private army first, followed by the Austrian army. Otherwise, Franz would not have been able to seize military power so easily at the beginning, and there was no rebound.

Reform is reform, and Franz will not touch on the aspects that are beneficial to his own rule. If all these rights are given to the government, who knows whether the bureaucrats below will one day under him be undermined?

No matter how powerful a person is, he cannot defeat the entire bureaucratic group. The best way is to limit their rights from the beginning.

“From now on, we will conduct strict assessments of lending clients and no longer accept stock and bond collateral.”

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

He raised funds to buy at the bottom, not to fill holes for Royal Bank. Now, he has reduced the risk by not reducing a loan.

John Stewart explained: "Your Majesty, doing so can easily cause market turmoil and may also cause a chain reaction.

At present, our loan review standards have always been the strictest among our peers, and the chances of bad debts will not be too high.

Starting two years ago, we focused on developing colonial loans and loaned to those lucky people. So far, Royal Bank has issued 8 million SHIELD loans one after another.

Most of these loan businesses are paid out with gold. With the gold acquired from the colonies, the current RBC gold reserves are as high as fifty-eight tons, which is enough to deal with any crisis.”

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

These losses are necessary. If you shrink your money in advance, you will not tell everyone that the crisis is about to break out and run away quickly.

There is never a shortage of smart people in this world. Once the news is leaked in advance, it is not so easy to retreat.

During the time travel, the protagonist warned in advance before the stock market collapsed, in the name of reducing the losses of the people. Franz laughed when he thought about it, who would take over the market after he ran away?

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

In order to confuse the public, experts predict that the stock market collapse almost every day. If you listen too much, everyone will become numb. Who can tell the truth and the fake?

Franz thought for a while: "Since you are ready, follow your plan. Transport the gold from the colony back to China as soon as possible. Once the economic crisis breaks out, the world will be in peace again."
Chapter completed!