Chapter 652： Continuation of the hegemonic struggle

The atmosphere in the parliament of the British Foreign Office was extraordinarily weird. One side of the negotiation was extremely nervous, but had to hang a smile. The other side was obviously uninterested, but also pretended to listen carefully.

This weird scene was the scene of negotiations between Britain and the United Kingdom. From the moment the negotiations began, the two sides were in an unequal position,

Just like ordinary people have no money in their pockets and are hungry, they have to borrow money to eat. To borrow money, that's ...

The British Foreign Secretary Edward waved his hand: "I'm sorry, Count. This is something I can't do. Loans are the business of banks. You should talk to bankers."

Just by attitude, it is clear that money cannot be borrowed. Without enough profit, how could John Bull pay for it?

Friedman, Pope ’s Minister of Foreign Affairs: "Sir, we have passed the bank and need your government's endorsement. Please be assured that this time we are very, very sincere.

Interest can be increased by 30% on the basis of the average international interest rate. We can also use fiscal revenue, colonies, railways, mines, and ports as collateral. "

Although international loans are very profitable, the risks are also huge. In the absence of government "endorsement", whoever dares to make international loans is a fool.

There is a government "endorsement". Once a debt default occurs, the government will intervene in the collection. Although it cannot be guaranteed to be recovered, it also increases the counterparty's cost of default.

If there is no "endorsement" by the government, then go to the account yourself! There are a lot of similar lessons learned, for example: the previous tsarist government defaulted on debt.

Governments provided "endorsement" of debts, which were finally settled through negotiations, and some of them could be recovered. Debts that were not “endorsed” by the government were directly erased.

The victory of the Prussian-Russian war is unpredictable. It is still unknown whether there will be a Prussian federation after the war. Without the endorsement of the London government, bankers will naturally not dare to take over this business, no matter how high the interest is.

In recent years, the government has hardly supervised the financial market. However, it is impossible to raise hundreds of millions of pounds from the financial market without government support.

The British Foreign Minister Edward shook his head: "Her Count, I feel your sincerity, but this has no effect.

Everyone knows how destructive the war is. Now that the Russian-Prussian War is about to begin, only if your country wins, can the debt be fulfilled.

This is only possible. The Russian Empire is not so easy to deal with. Even if your country can defeat them again, it will pay a small price. What will your country pay for these debts after the war?

War reparations?

IMHO, if the Tsarist government is rich, the war will not end.

The spoils that your country can obtain are nothing more than land, population, and factories. These things are indeed precious, but unfortunately they cannot be realized.

Even because of the war, your country has to invest a lot of money in reconstruction. It will be a financial burden for a long time to come.

This is still the ideal state. If the war becomes anxious and becomes a long-term confrontation, the situation will be even worse.

If one day your country is really unable to fulfill the contract, can you let everyone live with these collaterals?

Your earl, you should be aware that for bankers, the collateral offered by your country has no substantial effect. "

Edward's words have been very restrained. He did not talk about the defeat of the Commonwealth, but in reality it must be considered.

If you win the war, you will not be able to guarantee the normal performance of your debt. If you lose the war, you will have to pay.

Friedman is confident of this war. However, he has confidence, which does not mean that the British also have confidence.

Whether they accept it or not, the comprehensive national strength of the Russians is above the Popo Federation.

They were able to win the last war because European nations wanted the Russians to lose, and the Tsarist government really invested half of it.

This time is different from the past. The weakened Russian empire is not so jealous of everyone. If countries want to contribute money to help them, they must speak with their interests.

After hesitating for a moment, Friedman asked directly: "Sir, what does your country want?"

The Commonwealth does not have the confidence to talk about conditions. Instead of wasting time in negotiations, it is better to directly showdown. Anyway, as long as the British are willing to pay for it, everything is negotiable.

The British Foreign Minister Edward waved his hand: "Her Count has misunderstood. We have no intention of gaining anything. You must believe that the friendship between our two countries can stand the test, but the bankers need a guarantee.

If your country can deposit its reserves in the Bank of England as a guarantee, everyone's confidence in you will be greatly increased, and your country will get at least 60 million pounds of loans. "

Friedman's face suddenly became ugly, and a £ 60 million loan sounded tempting. In fact, the reserves of the currency issued by the Popo Federation now have 478.6 tons of gold.

Of course, because of the international settlement, the Commonwealth of Popo still has to keep a part of the gold, which can be deposited in the Bank of England, and the value is about 60 million pounds.

This is not just a question of gold, it also involves currency issuance. Once the gold fell into the hands of the British, it was difficult to get it back.

The reserves are in the hands of the British, and in the future the currency of the Commonwealth will have to be influenced by the London government. It is similar to the later Fed, which can affect the world economy through monetary policy.

It's no surprise that Americans learn from the British themselves. It is nothing more than that the United States is more powerful and its hegemony is more stable than that of Britain.

Due to Franz's butterfly effect, the Aegis force was killed, and the pound could not enjoy currency hegemony alone. In this context, it is not surprising that the British are following the Pope Federation.

For the Berlin government, depositing gold in the Bank of England was not just a loss of monetary autonomy, it was also a political standup.

Choosing to support the British will naturally offend France and Austria. No, it should be said that it offended Austria.

Because of insufficient gold reserves, the franc has taken the lead in this round of currency hegemony.

Without hesitating for a long time, Friedman gave the answer: "Too little loan of 60 million pounds, the value of gold in our hands is not less than this amount. Not to mention the additional political and economic value.

Once we deposit gold in the Bank of England, we are bound to offend the Austrians. In the subsequent Russian-Prussian War, Austria's right to speak was the heaviest.

Not long ago, the Vienna government also made similar requirements, and they gave much better conditions. "

Has the Vienna government made a request, as a competitor, the British have no way to verify. Even if it is not, the Berlin government will send it to the door, and the Vienna government will not refuse.

Edward smiled a little, and he was not surprised that Friedman raised prices under the guise of Austria. Such things are very common in diplomacy.

However, the first stop of William I's visit to London meant that the Berlin government was more inclined to cooperate with them.

He said tentatively: "Her Count, this issue can be discussed slowly, and we will not let our friends suffer.

As for the Vienna government's higher bid, it also requires them to honor their promises. Although the Russian-Austrian alliance has ended, Russia-Austrian relations have not yet broken.

In the last three decades, the economies of Russia and Austria have been tied together. Even if the Vienna government is willing to abandon the tsarist government, it cannot be achieved in a short time.

No matter what choices your country makes, it is impossible for Austria to make a cut with the Russians for your country. This is determined by interests. "

Friedman nodded, this is an indisputable fact, and the two countries did stand together economically. If not both countries had ambitions for hegemony, the Russian-Austrian alliance would not be dissolved.

The Berlin government prefers to cooperate with the less reputable British, and does not turn to Austria for help from the same source, simply because of its deep fear of Russia-Austria relations.

After a pause, Edward went on to add: "Your country needs more supporters to win this war. As friends, we are happy to help your country."

Edward said this with confidence. Although Britain's reputation in Europe is not good, its diplomatic influence is still huge.

Don't mention it in small countries, the most important thing is the influence on France. Since the restoration of Napoleon III, the Paris government has been flooded with pro-British factions.

If the British government is willing to deal with these people, it will be much less difficult for the Pope Federation to seek French support.

Friedman was tempted. It wasn't superficial. It was because the Popo Federation had too few chips.

The so-called colony, which is a small piece of the Indo-China Peninsula, was not operated by the Berlin government, and was not worth it at all.

The so-called "fiscal revenue" is even more of a joke. In the past ten years, except when the land was sold, when did you have any balance?

Even if you take out the mortgage, you still need to keep the government running, otherwise the bankers will collect taxes by themselves?

Railways, mines, and ports can only listen. Most of these industries are private, and very few belong to the Berlin government.

Private property is sacred and inviolable. Naturally, the government has no right to dispose of it. What the Berlin government can mortgage is all government assets.

...

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