Achill Fuld followed Jérôme Bonaparte's instructions and read the newspaper carefully.
As time went by, Ashil Fuld's expression gradually became serious.
When Achille Fuld raised his head, Jérôme Bonaparte smiled and asked: "Fuld, what did you see?"
"Your Majesty!" Achille Fuld responded to Jérôme Bonaparte: "Are you trying to say that the United States of America may face the same war as the Kingdom of Britain did (the British Railway in 1846 as an example)
economic crisis!"
"That's right!" Jérôme Bonaparte nodded and said to Achille Fuld. Then he changed the subject and said to Achille Fuld: "However, you didn't summarize it enough.
comprehensive!
This crisis is the same as the crisis in the Kingdom of Britain, it will become a crisis throughout Europe!"
"This..." Achille Fuld had a surprised expression on his face. He didn't understand why Emperor Jerome Bonaparte came to such a conclusion: "Your Majesty, this should be impossible!
The United States of America is not the Kingdom of Britain, and its economic exchanges with us (referring to the whole of Europe) are not many!"
In this era, most of the economic exchanges between the United States of America and Europe were grain and cotton.
Of course, this does not include the Russian Empire.
"It is true that the United States of America does not have much economic exchanges with the whole of Europe, but..." Jérôme Bonaparte scratched the newspaper a few times with his hand, "the British Kingdom's investment in the United States is not at all
few!"
Achille Fuld was instantly awakened by Jerome Bonaparte, and he immediately understood what Jerome Bonaparte meant, "Your Majesty, you mean that the railway crisis in the United States of America is likely to affect
The Kingdom of Britain, and then spread from the Kingdom of Britain to the whole of Europe!"
"That's right!" Jérôme Bonaparte nodded and said to Achill Fuld: "Think about the nearly 33,000 kilometers of railways! How can the United States of America have so much pig iron and steel plates, let alone
There is so much money.
These are not all contracted by British Steel Works and banks!
Once the railroad industry in the United States falls into decline, banks that have experienced the pain of the railroad boom will probably want to run away immediately!
If one bank goes into panic, the rest of the banks will flee in unison."
Jérôme Bonaparte's words reminded Achille Fuld of the banking crisis that occurred in France a few years ago (the 1848 crisis), which directly led to the collapse of a kingdom and a republic.
The emperor came to power with the help of the banking crisis.
"Your Majesty, you mean that the banking industry of the United States of America will fall into a contraction!" Achille Fuld asked Jérôme Bonaparte.
"Austerity?" Jérôme Bonaparte shook his head and said to Achill Fuld, "No! Fuld, you underestimate the size of the bubble created by the 33,000 kilometers of railway!
I bet once this bubble bursts, the entire American banking industry will collapse!
In order for their banks to continue to survive, they will make the same choices we made in 1848!
However, this only delays the end of their lifespan!"
Jérôme Bonaparte had a confident expression on his face, which made Achill Fuld believe in Jérôme Bonaparte's words.
Since he became minister of finance, he has never seen His Majesty the Emperor make a mistake in judgment on any important matter.
Achille Fuld continued to listen to Jérôme Bonaparte's remarks, "Once the banking industry of the United States of America collapses, then the Kingdom of Britain as their investor will naturally be affected as well!
The railroad bonds and stocks of the United States of America in the Kingdom of Britain will inevitably fall to the bottom, and the Bank of Britain that cannot escape will also spread the disaster back to the mainland.
I ask you how the British Kingdom can minimize its losses under such circumstances!"
"Pass the crisis to the whole of Europe!" Achill Fuld blurted out.
"That's right!" Jérôme Bonaparte showed a cowardly expression, "Only by letting the whole of Europe bear this disaster for them will their domestic situation be alleviated!
As far as the whole of Europe is concerned, there is no better place to pass on the crisis than Germany!"
Although the current German region is not as densely populated with princes as the Holy Roman Empire, there are quite a few princely states and free cities in the German region.
The British Kingdom's method of passing the crisis to the German region couldn't be simpler. They only need to withdraw part of their capital in Frankfurt, causing panic in the banks in the Frankfurt region, and then use the panic to cause harvests in Frankfurt to successfully pass on the crisis.
.
Because Frankfurt is the center of the entire German financial system, it has a pivotal relationship with the entire Germany.
The crisis facing Frankfurt will inevitably spread to the entire German region, causing panic throughout Germany.
If the French Empire did not invest in the German region, then Jérôme Bonaparte would naturally be happy to see the German region harvested by the British Kingdom, and even he himself would be willing to do the harvesting.
It is a pity that the French Empire invested a lot of francs in Württemberg, Baden and Austria in order to win over them.
Except for the Austrian Empire, which has slightly recovered its capital, the Kingdom of Württemberg and the Duchy of Baden are both at a stage where they cannot see the possibility of recovering their capital.
The British Kingdom's harvest of Germany will inevitably cause the loss of the assets of the French Empire, which will in turn trigger economic turmoil in the French Empire.
So far, the French Empire's overseas investment has reached 1.2 billion francs.
Among them, investment in the German region already accounts for one-third.
Although 400 million francs will not kill the French Empire, it is enough to give France a drink.
And the political turmoil caused by economic turmoil will make people who originally supported the empire hate the empire.
This is why Jérôme Bonaparte was looking forward to the economic crisis of the United States of America at the end of 1855.
If the economic crisis broke out at the end of 1855, Jérôme Bonaparte could still use the economic pain caused by the war to deceive the French people.
The French people, who had just enjoyed the glory of the victorious country, would endure the analgesia in pride. When they came to their senses, the French Empire was once again thriving.
However, the economic recovery in 1856 allowed the people of the French Empire to once again enjoy the dividends of the empire's development.
The people of the empire during this period had no sense of preparedness in the face of economic crises.
Faced with a sudden economic crisis, they will naturally target the imperial government.
Thinking of this, Jérôme Bonaparte's expression couldn't help but become extremely serious, "Fulde, we must be prepared to take precautions!"
"Your Majesty, should we shrink some of our investments in advance now?" Achille Fuld said to Jérôme Bonaparte.
"What kind of investment do you mean?" Jérôme Bonaparte asked.
"The Bank of France and the Bank of Industrie invested in the railway bonds of the Kingdom of Prussia and the Austrian Empire, the investment in the Austrian Empire's national bonds, and the investment in the railway bonds of the Kingdom of Sardinia..." Achille Fuld talked about it carefully.
Jérôme Bonaparte reports.
After Jerome Bonaparte thought for a moment, he said to Achille Fuld, "Reduce the railway bonds of the Kingdom of Prussia, the Austrian Empire and the Kingdom of Sardinia as soon as possible!"
"In case there are any inquiries from the Austrian Empire..." Achille Fuld said to Jerome Bonaparte.
"I will be responsible for Richard!" Jérôme Bonaparte said to Achill Ful, "That's right! When reducing your holdings of Austrian Imperial bonds, try not to make too big a move!
We must not be the main culprit in destroying the railway market in the Austrian Empire. The Kingdom of Prussia does not need to have such concerns!
Just withdraw funds and cash out!
Also, in Sardinia, please contact Cavour and ask him to accept the Sardinian railway!
Didn’t he always want to take back Sardinia’s railway rights?
I'll give him this chance!"
"Understood!" Achille Fuld nodded and responded to Jérôme Bonaparte.
"Also, you should pay attention to the big banks in the country! Find out where they are losing money!
If the losses are found out, the Bank of France will make up for it if it can!
If they can't make it up, let the Bank of France reorganize them!
You tell the directors of the Bank of France not to be afraid of losing money!
If an economic crisis comes, they will lose even more!" Jérôme Bonaparte then gave instructions to Achill Fuld.
The explosion of a bank is actually not terrible for a country. What is terrible is the timing of the explosion.
If the bank is in a good economic stage, the damage caused to the bank after the bank explosion is not too big.
At best, the savings of tens of thousands of people were wiped out.
But if a bank's storm occurs during a period of economic downturn, then it will be like dominoes, detonating some banks that originally had little problems.
By then, the entire country will face economic turmoil.
Although it cannot effectively prevent an economic crisis by investigating the economic status of major banks in the country, it can at least slightly reduce the possibility of an economic crisis.
"Your Majesty, some members of the Bank of France may not understand your good intentions!" Achille Fuld then responded to Jérôme Bonaparte.
"Huh!" Jérôme Bonaparte snorted coldly and glanced sideways at Achille Fuld.