Chapter 1020: The Stock Market Crash is Coming
Chapter 1000 The Stock Market Crash is Coming
No matter how bitter life was, days still had to go by. After the shabby enthronement ceremony was completed, Carlos’ first decree was the Great Liquidation.
There aren’t many good people in the city of Paris nowadays, and the ones who can survive are not oil lamps, so if there isn’t an internal cleansing, His Majesty Carlos won’t be able to sleep.
The main targets of the liquidation were naturally the remnants of the revolutionary government, including the middle and lower level bureaucrats who had turned against the past, as well as the hooligans and criminals who had taken advantage of the chaos in Paris.
“A government in running water, an official in iron.”
It no longer applies. There was a whole bunch of nobles who supported the Bourbon restoration, and the cake was clearly not enough to divide with just the positions vacated at the top.
The fact that the big nobles can’t see these sesame seed official positions doesn’t mean that the small nobles in the countryside aren’t interested either. What’s more, even if they themselves aren’t interested, they still have siblings and collateral children who need to be placed.
After all, the core of the restoration of the noble alliance is this group of people, and now it’s time to reward them, Carlos can’t get enough bounty, so it’s not too much to arrange a job, right?
Then, this group of bureaucrats who had been sitting on the ground for a hundred years were out of luck. After lurking for so many years, they were finally being targeted.
I don’t know if I don’t know, but I was shocked when I checked. Outside rumors are “Napoleon IV emptied France”, “Republican government top hollowed out France”, the facts prove that these are indeed rumors.
They are all running away, even if they can roll up the money and leave, how much can they take with them? The ones who really have the strength to empty France are still this group of nondescript bureaucrats.
Perhaps one did not take much, but can not help but they are many. Each person share a share, and then the strong family background will also be empty by the bureaucrats.
Not to mention, one-third of the real estate in Paris is occupied by these bureaucrats. Many factories and enterprises also have the dry shares of this group of people.
There was even more cash and money seized. For example, 200 kilograms of gold, several jewels and hundreds of billions of francs were searched in the home of a director named Ferdoux.
Well, the francs aside. Francs issued by the Republican government have ten zeros after the number of the largest denomination. Everyone is a billionaire, and hundreds of billions of francs don’t have the purchasing power of thousands of francs before.
Only the difference is that the seized francs also contain a large number of small amounts of currency, obviously from the Bonaparte dynasty era, adding up to hundreds of millions of francs.
There is no doubt that this was clearly a bad time for the seizure. Once huge sums of money have now become waste paper, a loaf of bread costs tens of millions of francs, and piles of small amounts of francs are not enough to feed the average person for a week.
Thinking about it is also drunk, giant corruption have not been able to beat inflation, I really do not know how the ordinary people survive.
Did not catch up with the peak of the wealth of the family copied, seems to reap huge wealth figures, in fact, the value is greatly reduced.
Carlos was not disappointed, it was to be expected. The francs weren’t worth much, but the foreign currency, gold, silver and jewelry were still good. All together, a few tens of millions of guilders are always there, and it is still possible to solve the immediate needs.
The rest of the real estate, enterprise shares and so on, can not be realized for a while, it is difficult to calculate the specific value.
If you have money, you have food, and if you have food, you can stabilize the situation. Under the backdrop of the “excellent performance” of the previous two governments, the Bourbon Dynasty, which could barely fill everyone’s stomach, has become the savior in the hearts of the people.
No one knows how long this gratitude will last, but in the short term, the situation in France has been stabilized. The resumption of production has been put on the agenda, the social order is tending to normalize.
……
Watching the Bourbon dynasty struggling, Franz breathed a sigh of relief, as long as Carlos was able to stabilize the situation in France, he was content.
As for the issue of reparations, there is certainly good, there is no harm in not having it, dragged on the end of the world is also possible, anyway, Franz is not going to go to debt collection when the French have no money.
However, good times are always short-lived. Affected by the end of the French Civil War, the Vienna stock market on January 6, 1894, after hitting a new high, the afternoon market quickly jumped 9 points, the military sector is leading the fall of 21 points.
This was just the beginning, after the opening of the next day, the military sector once again led the decline, the afternoon close of the sector has fallen 19 points.
Within just two days the military industrial sector evaporated forty percent of the market value, directly dry the market down 15 points, billions of Shield’s wealth disappeared.
Things are not over, after the end of the torturous weekend, the stock market opened next Monday, the market fell again 3 points, the military sector continued to lead the fall of 7 points, some stocks even evaporated ninety percent of the market value.
Both are the financial center of the Holy Roman Empire, Vienna stock market crash, Frankfurt naturally can not run away. At the moment both are rotten brother and sister, who is not more fortunate than anyone else.
January the two financial centers of the stock market, the whole is all the way down, even if occasionally rebound, the next day and fell back.
As of the end of January, Vienna stock market than the peak of the stock market fell 34.7%, Frankfurt is not much better, the overall market fell by one-third.
The military sector, which triggered the crisis, was even worse. Waist cut are superior performance white horse, waist cut two-thirds of the enterprises with core technology, general enterprises can keep one-fifth of the market value is considered good.
There is no way, the military industrial enterprises are supposed to eat the war dividends of the cyclical stocks, the peace era can be profitable is good. How gorgeous the financial statements in wartime, how trashy the post-war statements are.
The current drop was just a market panic triggered by the end of the French Civil War. Franz is sure that if these military companies released the financial statements of 1893, the stock price will also go down.
The reason is very simple, last year, Shen Luo military orders fell sharply, the anti-French alliance of weapons importers, also stopped purchasing step.
The French civil war and the war of Japan and the west, the main consumption is the stock after the victory of the war against France, and did not bring too many orders to the domestic military industrial enterprises.
No orders, naturally no performance. Almost all of the military industrial enterprises, last year, carried out major layoffs, itself the biggest negative.
In fact, the military stocks as early as the beginning of the end of the continental war, opened the road of decline. Only in the middle of the year when the situation is tense, the Anglo-Austrian conflict is on the verge of breaking out, the Japanese and Western war, the French civil war has broken out, the market is once again a wave of speculation.
Unfortunately, it was the receivers who caught this last wave. The main factor that led to the plummeting of the stock price is still because the French Civil War ended too quickly, and the bankers did not complete the shipment. In order to stop losses, they could only sell off frantically.
The stock market crash, the real economy will not be equally good. Enterprises that can complete the transformation in time are always in the minority. The vast majority of enterprises are still holding on to their luck, wanting to carry through.
Along with the stock market crash, a series of problems such as financing difficulties, waves of bankruptcies, and waves of unemployment also came one after another, directly interrupting Franz’s good mood.
Originally thought that the economic crisis was triggered by the financial bankruptcy of the Italian state, but did not think that the early end of the civil war in France, preemptively burst the bubble.
Bubble beyond the plan, bursting time in advance, obviously not a good thing, which means that the Vienna government’s preparations are not yet complete.
There was no way that the confidence of the market was too fragile to withstand the toss. The bad news of the end of the French civil war alone led to the bursting of the bubble of military stocks, and Franz could not possibly go in and take over the market himself just to extend the time.
Frankly speaking, he also has a million admiration for those warriors who dared to take over the stock market on the first day of the crash. Especially those who play with leverage to go long, that is the warrior of warriors, referred to as – dead soldiers.
Admiration to admiration, emulation is not necessary. Once the prologue of the stock market crash, whoever goes in will be swallowed up.
Affected by the stock market crash, the police in all major cities of the Holy Roman Empire had to work overtime. High-rise buildings, bridges and rivers have all become key monitoring objects, and the frequency of dumplings in recent times has been too high.
According to the Vienna government’s statistics, the number of suicides in the Holy Roman Empire in January 1894 increased by 114.6% compared to the same period last year, and the number of attempted suicides that’s even more.
There is no way around it, the world is so cruel. Since you choose to go to the gambling table, you have to bear the consequences that come with it.
The only thing that makes Franz happy is that he is not the only one who is unlucky, there is also a large group of rotten brothers and sisters with him.
As the world’s largest economy, the Holy Roman Empire’s economic problems, the world’s industrialized countries have a count one who can not escape.
(End of chapter)