Currency standard reform is nothing new. The gold standard has only been accepted by European countries in the last thirty to fifty years.
There have also been changes in the middle. In order to avoid a large-scale outflow of gold, countries have basically introduced restrictive policies during the reform period.
The most representative is the Financial Control Act of the Vienna government, which directly stipulates that large capital outflows should be restricted.
This is also one of the reasons why financial capitalists hate Shinra. The circulation of large amounts of capital is restricted, and it is impossible to fast in and out, which seriously affects the speed at which everyone makes money.
Before the war, Britain was a financial hegemon, and it had been a capital surplus for a long time. Naturally, there was no need to restrict capital outflow.
The situation is different now. As the situation continues to deteriorate, capitalists with a keen political sense are ready to leave.
Anyone with a discerning eye knows that once the Ocean Alliance collapses, even if Britain is able to retreat, there will be no future at all.
Looking around, there are enemies everywhere, so what about future development?
Capitalists can run away with money, but those with vested interests cannot. After leaving Britain, capitalists can still be capitalists, but nobles and bureaucrats are left.
Although the power of capital is strong, it is not yet their turn to cover the sky in the British Empire this year.
Blessings are shared, and difficulties must be shared. If capitalists want to withdraw from the vortex, other forces will naturally not agree.
To die, everyone should die together. It is not possible for everyone to work **** the battlefield and let the capitalists stab them in the back.
"Standard system reform" is a countermeasure that everyone has taken out. Once capitalists withdraw funds on a large scale, the British pound and gold will be completely decoupled.
Just as the French government did the same at the end of the European War. While giving up the gold standard, the free exchange of francs for gold was also stopped.
In the era of the gold standard, currencies that cannot be exchanged freely are worthless, and the international capital market does not recognize them.
There is no reserve limit. In order to raise funds, the French government recklessly printed money, and inflation quickly swept the country.
In order to preserve the value of wealth, capitalists who hold large amounts of francs have to purchase assets.
After the defeat of the war, the capitalists who held a lot of assets were successfully locked in France and were greatly injured. Some of the unlucky ones were also tried as war criminals.
The aristocracy, who was originally in an economically disadvantaged position, gradually gained the upper hand in the subsequent struggle and returned to the era of aristocracy and bureaucracy.
The ready-made examples are there, and the British government will naturally use it to scare domestic capitalists.
There is no problem with running away, and it is impossible to roll money. Either pay for treasury bonds and transfuse blood for this war; or overturn the table, and after the market collapses, everyone will die together.
No, it's just that big capitalists and consortia are going to die. Other interest groups will only suffer heavy losses, not necessarily fatal.
If anyone pays attention, they will find that the communication between the great British nobles and their European relatives has become more frequent recently.
It is difficult to say whether it is normal communication between relatives or looking for someone to match and prepare for the back road.
After all, the Holy Roman Empire is a stronghold of conservative forces, and it is very stubborn in maintaining fine traditions.
Just look at France after the war. Except for a few nobles who didn't have long eyes, who were sent to the military court, the rest was lightly let go.
With such a ready-made case, it is not surprising that everyone is acting positively. After all, the ship is sinking, and the people on the ship must find a way to survive.
The specific manifestation is: the British Isles’ calls for negotiation have been louder than ever, and more and more people are asking the London government to end the war.
As for how to end the war, that is a matter for the government. Anyway, the "anti-war" is right now.
...
Buckingham Palace, the distraught Edward VII is holding an encrypted telegram that has been crumpled and reopened.
Compared with the content of the telegram, what needs to be kept secret is the power generation address-Vienna Palace.
As the two major royal families in the European monarchy world, the Gotha family and the Habsburg family are naturally married, and not only once.
Franz and Edward VII are still genuine sons and daughters. However, in the European world, "relatives belong to relatives, and war belongs to war."
The First World War in the original time and space was a melee between relatives, and this time there was no exception.
It's just that Edward VII is a little bit tragic. His European uncle, unfortunately standing on the opposite side of all his relatives, is now being beaten up by everyone.
In the early days of the war, in order to avoid suspicion, Edward VII took the initiative to reduce contact with relatives.
It's a pity that the situation has developed so badly that the general situation is over when I look at it. For the future of the British Empire, in order to keep my throne, I now have to restore contact.
Different from the echoes of the original time and space, affected by the butterfly effect, now the central figure of the European royal family has become Franz, not his European uncle.
Judging from the reaction of Edward VII, it is known that the "in-laws" of the Vienna Palace did not give face.
After calming down, Edward VII was soon relieved. When it comes to national interests, it won't work for anyone.
Now that the war has been carried out, it is not just saying that it can be stopped.
The voices of the British people against the war are surging, mainly due to the impact of bombing and shortage of supplies. Everyone's life is about to pass.
But the Holy Roman Empire is different. Now from top to bottom, they want to pull the British Empire off the horse, and become the world's hegemon.
Now that Britain wants to negotiate a truce, it is impossible not to have harsh conditions. As the three points requested in the telegram:
1. Transfer all colonies;
2. Irish independence, Scotland independence, and Wales independence;
3. Compensation for the losses of each participating country in the Continental Alliance.
Except for the third compensation for losses, there is no specific figure and there is room for negotiation. The first two are hard and fast rules. Negotiate if you are satisfied. Negotiation is unnecessary if you are not satisfied.
If Edward VII dared to agree to such a condition, Buckingham Palace would change the owner within three days.
Even though he knew the ending was not ideal, George, who was up close, couldn't help but ask: "Father, what did the telegram say?"
"See it for yourself!"
As Edward VII spoke, he passed the telegram over. It can be seen that he is in a very depressed mood now, and he doesn't even want to say much.
"It's impossible! It's just bullying too much, the great British Empire decided to not tolerate it..."
Before his son could confide all his heart, Edward VII interrupted: "Don't say these are useless, they don't make any sense.
Franz dared to be so tough, not because our poor performance on the battlefield made him think that the Holy Roman Empire was a sure success.
The war broke out for more than half a year, and the empire was defeated all the way, and it had never won a major battle.
Now countries around the world have joined the Continental League one after another, and the enemy's strength is growing like a snowball. I would do the same when translocating. "
Calmness is the greatest strength of Edward VII. Even in such an unfavorable situation, he can still think rationally without complaining.
George: "But we..."
"No but! In this age of the weak and the strong, being weak is the greatest sin.
In the old days, when Britain was strong, it treated all countries in this way, and even acted aggressively.
Now Britain is weak and has fallen behind in international competition. Now it is our turn to be unlucky.
Unless we can make a comeback in the next war, otherwise the final armistice agreement will only be worse than this. "
Edward VII spoke earnestly.
Hearing his father's explanation, George's brows tightened: "This armistice treaty may not be accepted by the people. To the royal family..."
Perhaps because of tradition, Queen Victoria viewed Edward as displeasing, thinking that he was vain and difficult to be a king.
Now Edward sees his son not pleasing to his eyes, and feels even more desperate for George's ability to respond to politics.
Fortunately, Edward VII was not a traverser. Otherwise, he would have to find a way to change heirs if he knew about the divine operation of giving up the power of the monarch in George's history.
"Accept the armistice treaty"?
What a joke, how can you let the royal family do this kind of thing?
The people of the whole country can testify that since the outbreak of the war, His Majesty Edward VII fell ill and all government affairs were entrusted to the cabinet government.
Those with a little bit of political mind know that not only power is entrusted, but also responsibility.
From beginning to end, Edward VII did not participate in this war. Even if they want to do something, they are approved for vesting.
Since he did not participate, no matter how serious the consequences, the royal family will not be involved, and all the responsibilities belong to the cabinet government.
Contacting the Habsburgs now is nothing more than adding a piece of insurance to ensure that the royal family will not be liquidated after the defeat.
...
The capitalists want to run away, the royal family and the nobles are busy preparing for the back road, and the London government dancing on the eggs once again ushered in bad news.
On October 2, 1905, the battle of the Indochina Peninsula, which lasted for four months, came to an end. Britain suffered another horrific defeat, and the mainland coalition forces swept all the way to Burma, and their troops were directed at India.
It was too late to grieve. On October 7, 1905, the Suez Canal, which had been blocked for nearly a year, resumed navigation.
The joint fleet can go east freely, and the biggest problem that restricts the mainland's coalition forces from attacking India-logistics, can be solved by sea.
The joint fleet daring to divide its forces does not mean that the Royal Navy can divide its forces. You must know that taking the Mediterranean Sea Route is not a bit closer than the Royal Navy that detours.
Once the royal army is divided, 100% will be taken advantage of by the combined fleet to catch them by surprise, threatening the safety of the homeland.
However, regardless of the separation of troops and reinforcements, the connection between India and the mainland was severed, and we had to fight alone.
Think about the Indian Colonial Army vs. the European Union Army, how miserable the scene is. Without India, would there be an "empire" in the British Empire?
What is before the British government is: "India" or "local". There is no doubt that this is a proposition.
Without waiting for the British government to make a choice, the Ocean Alliance countries that were still hesitating made a decision in an instant-disembark and disembark at all costs.
Even if Japan and the United States have not negotiated the conditions, they cut off with the British in the first place, in order to minimize the fact that they are hostile to the Continental Alliance.
Everyone has quit, and the lonely John Bull will naturally not be able to fight. If you don’t negotiate while you still have some capital in your hands, you will drag it back...
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