"It is precisely because of the arrival of these people from the Ming Kingdom that Europe, which was originally calm, has turned upside down. Do you want to cooperate with these pagans?" said Count Andrish.

"Do you just hope that Europe will remain calm like this forever?" said Duke Schwarsel. "Our two countries suffered heavy losses during the last European war and have not recovered yet. The Ming Kingdom has technology and funds to help us recover. Don't you want to contact them?"

Earl Andrish fell into deep thought, and he understood that it is no longer an era where one religion can conquer the world. In this world, whoever can produce more guns and cannons can conquer more territory.

This is how Frederick II fell in love with the wealthy Silesia in the Austrian Empire, so he relied on war to seize it, and said that there were always defense lawyers to help defend themselves.

"Well, I will inform the Emperor of this news." Earl Andrish said, thinking for a moment.

"Okay, we will first contact the Ming Kingdom, and you can judge it." Duke Schwarser said. France and Austria are alliances now, so they will coordinate in many things. And those small countries are mostly wait-and-see, and they have to see the outcome of the negotiations between France and the Ming Kingdom.

Zhu Haitao soon received the news that Duke Schwarser wanted to visit, so he prepared to discuss the matter with Vice Premier Wu Hai.

"Your Majesty, as far as I know, France has not recovered since the Seven Years War thirty years ago. In recent years, it has consumed a lot of money because it supports the Americans to engage in the War of Independence. Its internal corruption is rampant and there is not enough financial jurisdiction. Therefore, their government loans are increasing, and they have basically lost the ability to repay. Their debts have reached 2 billion livres, which is more than 10 million pounds, which is equivalent to 30 million pounds in Huayuan." Wu Hai introduced the internal French to Zhu Haitao. The current exchange rate between the Huayuan and the British pound is one to two, because Britain has been a country that has been colonized for hundreds of years, and has plundered countless gold, silver and various jewelry from the world, so the British pound is still much stronger than the Huayuan.

"However, France is indeed an important European country. If our country can control this country to a certain extent, it will have great benefits to our Ming Dynasty's interests." Zhu Haitao said. France is located in the west of Europe, with Britain to the north and Spain to the southwest. If France allows the Ming Dynasty to garrison troops, or simply forms an alliance with the Ming Dynasty, once the Ming Dynasty goes to war with Spain and Britain, it will be a good helper.

"Yes, Your Majesty, but how should we control them? The Bourbon royal family has been in France for almost two hundred years and has long been deeply rooted in the hearts of the people. We cannot be superior to those who are superior." Wu Hai said in confusion.

"Who said that we must overtake or replace the Bourbon royal family? Have you forgotten what I did in Portugal? France's finance is quite chaotic, and to a certain extent there is no strong bank to make adjustments. If we can convince the French king to organize such a bank, it will greatly improve French finance." Zhu Haitao said.

"Your Majesty, banks have basically been stigmatized in France. Decades ago, the French economy was on the verge of bankruptcy due to years of war. At that time, a Scottish financier John Law wanted to set up a bank to issue money. The currency issued could be directly exchanged with precious metals, which helped France's economy recover within a period of time, but soon these currencies depreciated significantly, causing the French economy to be hit hard again. Therefore, it is unlikely that a bank in France will be welcomed." Wu Hai said again. What he said is very famous in the financial community.

"I know the person you are talking about. He caused a great disaster back then. But he is indeed a genius, but his theory still has great flaws, which is worth our careful study." Zhu Haitao said.

By 1710, France's fiscal deficit was close to 100 million livres, and the government bonds had nearly 3 billion lithium. By 1715, one-third of the French government bonds had expired, and years of agricultural famine led to an extreme reduction in tax revenue. The fiscal revenue was only 69 million lithium, and the expenditure was 147 million lithium. The fiscal revenue was insufficient to cover the expenses, and the French government and various departments were almost paralyzed. In order to get rid of the national fiscal crisis, the French government authorized John Law to establish a private bank with a capital of about 6 million lithium. He adopted some advantages.

Waiting for measures to attract people to use paper money. In 1717, the French government allowed the payment of taxes on banknotes issued by John Law's private bank. In 1718, the French government changed John Law's private bank to a national bank and granted it the power to issue banknotes, and granted John Law the right to establish a Mississippi company and a tax office. In this way, France's exclusive banknote issuance rights in North America's trade monopoly and agency indirect tax rights, as well as the three monopoly institutions in cooperation with the National Bank Mississippi company and a tax office, were controlled by John Law.

In 1718, the Mississippi Company planned to issue 100 million lithium shares on the grounds of raising 100 million lithium funds to develop the Louisiana Gold Mine, with an issue price of 500 lithium per share. John Law took various promotional methods and bribed government officials to grant more privileges to the Mississippi Company, creating a warm atmosphere for society to purchase the company's shares, and allowing people holding government bonds to use bonds to buy stocks. Since the price of bonds in the market is less than half of the face value, most bond holders are eager to use the bonds in their hands to buy the company's shares.

As a result, a trend of buying stocks emerged. Market speculation became increasingly fierce. People and funds in France and even Europe who were keen on speculation and gambling and money poured into the stock market like a tide of buying Mississippi Company stocks. In 1719, the 500 lithium stock of Mississippi Company reached 5,000 lithium in July, rose to 10,000 lithium in August, and rose to 21,000 lithium in October, with a maximum increase of 31,000 lithium, with a 2 increase of 62 times the issue price, setting a record for the world stock market soaring for a long time.

In July 1720, the speculative frenzy was finally coming to an end. The Mississippi company was burdened with a heavy burden in order to repay the government's debts. At the same time, when the sent out came back to report, the expected wealth from Louisiana to France was just a bubble. Many investors began to worry about excessive stock prices. Those who made money wanted to exchange stocks for banknotes and then take the paper money to the bank to exchange for hard-to-transfer coins in order to ensure that they were foolproof. The market began to sell the Mississippi company's stocks in large quantities, and the stock price fell rapidly.

In order to support the stock price, John Law did not hesitate to absorb the stocks sold by investors through large-scale issuance of paper money, which backfired. People changed from doubting the stock price of Mississippi to doubting whether the National Bank had the ability to exchange countless paper money. The craze of selling stocks quickly evolved into a run. Mississippi company's stock price plummeted, setting a world stock market record of 99, a record of a decline that still remains. The 1 run frenzy led to the bankruptcy of French banks, and countless paper money turned into waste paper in an instant. The French economy fell into a long-term depression.

A considerable part of France's financial difficulties are left over at that time and have not been solved yet. John Law's theory is to print money to solve the financial problems. As a result, due to insufficient reserves, the issuance of paper money far exceeds the required amount of currency, resulting in very serious inflation.

However, this is not something that cannot be solved. Their national debt can be transferred to the bond market for sale, and the alliance with the Ming Dynasty will ensure France's long-term military advantage.

This is the perfect opportunity for the Ming Dynasty to control France. The Ming Dynasty could contribute money and methods to help France solve economic problems, but it had to exchange for their rights to issue money to control the company, etc. In addition, Zhu Haitao also wanted France to sell French colonies in North America to the Ming Dynasty in order to obtain assistance from the Ming Dynasty.

"We can help them solve this problem. But our requirement is to control France's finances and to take down their North American colonies. These French people did not have the long-term vision of the British. During the Seven Years' War, they actually thought that a Netherlands and Belgium could offset the North American Indian colonies they lost. We must take down France's North American colonies, so that the Ming Dynasty can become a real world empire." Zhu Haitao set a tone for Wu Hai's upcoming negotiations with France.
Chapter completed!