„Money, money and money”, have become the spell of governments in Europe. „1.2 billion” are not „12”, because the beforehand war hit to empty the state treasury, even if the Vienna government also raised less than so many funds for a short time. “钱、钱、钱”,已经成为了欧洲各国政府的魔咒。“十二亿”不是“十二块”,因为之前的战争打空了国库,纵使维也纳政府一时半会儿也筹集不到这么多资金。 Without the means that the asset and cash are two concepts. Wants without influence economy normal operation, pulling out to 1.2 billion aegises simply is a myth. 没有办法,资产和现金是两个概念。想要在不影响经济正常运转的情况下,抽离十二亿神盾简直就是一个神话。 From the bank loan, is the issue debentures, is reducing the floating capital on market. Once exceeded the withstanding limit of market, will affect the normal operation of economy, backlashes economically to aggravate the crisis again. 无论是从银行借款,还是发行债券,都在减少市面上的流动资金。一旦超过了市场的承受极限,就会影响经济的正常运转,再次反噬到经济上加剧危机。 Economic crisis essential one is the social wealth assignment is uneven, excessively centralized to small number of people hand , the general public capture face to be clean, lost the purchase ability, the economic cycle naturally can have problems. 经济危机的本质之一就是社会财富分配不均,过度集中到了少数人手中,普通民众兜里比脸都干净,丧失了购买能力,经济循环自然会出问题。 The most ideal condition naturally is to make the rich man spend money, activates the economic market. So long as money flowed, the economic crisis does not exist. 最理想的状态自然是让有钱人把钱花出去,激活经济市场。只要钱流动了起来,经济危机就不存在了。 Obviously, this is not possible. Even if hundred years later, does not have the issue of means solution, Franz not to think oneself can be solved. 显然,这是不可能的。纵使在百年后,都没有办法解决的问题,弗朗茨不认为自己就能够解决。 In some sense, the support aristocrat constructs the overseas fiefdom, is the biggest policy stimulation. What is only regrettable is the emerging military exploit aristocrat, the time of increasing the family fortunes is too short, most people's net worth is not so wealthy. 某种意义上来说,支持贵族建设海外封地,就是最大的政策刺激。唯一令人遗憾的是新兴的军功贵族,发家的时间太短,大部分人的身家并不那么富裕。 Besides aristocrat group, but also one holds the enormous wealth is the big capitalist. The belt-bags of these people are more difficult to pull out, the ghost fine ghost essences, will wait for the crisis to bargain-hunt from now on. 除了贵族集团之外,还一个握有巨额财富的就是大资本家。这些人的腰包更难掏,一个个都鬼精鬼精的,就等着危机过后抄底。 Only if using the knife on hardly, the fellow who otherwise these want the maximum benefit, will not take out money obediently. 除非动刀子硬上,要不然这些想要利益最大化的家伙,根本就不会乖乖掏钱。 Has nothing to accuse, tending to the advantages is the humane essence. True Archduke is selfless, that is a sage. 没有什么好指责的,趋于利弊是人性的本质。真正大公无私的,那是圣人。 No one is nobler than whom, but the transposition will locate most people to make the similar choice, will be no exception including Franz. The matter that oneself cannot achieve, naturally extravagant demands others cannot achieve. 谁也不比谁高尚,易位而处大多数人都会做出同样的选择,包括弗朗茨也不例外。自己都做不到的事情,自然也不会奢求别人能够做到。 „How is fund solved?” “资金怎么解决？” The specific bailout plan, Franz did not care. Can plan that was accepted by all governments, certainly measured the result of various interests finally gambling. As for is the synergy, that can only ask God. 具体救市方案,弗朗茨不关心。能够被各国政府所接受的方案,一定权衡了各方利益最后博弈的结果。至于是不是最优方案,那就只能去问上帝了。 In comparison, the unmet need is the problem. Holy Roman family property, Franz was clear, can solve half of funds, was the results that everyone coordinated. 相比之下,资金缺口才是问题关键。神罗的家底儿,弗朗茨再清楚不过了,能够解决一半的资金,都是大家配合的结果。 The remaining gaps, can only try to find the solution from the money market of various European countries. If not truly difficult one year ago, very regrettable present is the economic crisis period, is in the market most is short of money exactly. 剩下的缺口,就只能从欧洲各国的金融市场上想办法。如果在一年前确实不难,很遗憾现在是经济危机时期,恰好是市场上最缺钱的时候。 Takes Franz for instance, without computation the land resource and other real estate , the peak net worth Gundam/reaches as high as 14.6 billion, proper rich enemy. After the economic crisis breaks out, shrank 54% directly. 以弗朗茨自己为例,在不计算土地资源等不动产的情况下,巅峰时期身家高达一百四十六亿,妥妥的富可敌国。经济危机爆发后,直接缩水了百分之五十四。 Without the means that the stock market is such mysterious place. Even this has the straight tip, the result of ahead of time retreating, the slow point words can refer to the tech concept stock bulk lots. 没有办法,股市就是这么神奇的地方。连这都是有内幕消息,提前撤退的结果,慢一点的话可以参考科技概念股大盘。 In any case is the tears, the bubble that Franz fiddles with, the bitter fruit naturally also can only come by oneself...... to is not the fragrant-flowered garlic swallows. 反正都是眼泪,弗朗茨一手捣鼓起来的泡沫,苦果自然也只能由自己来……不对是韭菜来咽。 This is the price of advance in technology, if not for one pile of listed enterprises finance to burn money unceasingly, forefront the Holy Roman science and technology not possible to rush in the second Industrial Revolution. 这是科技进步的代价,若不是有一堆上市企业不断融资烧钱,神罗的科技也不可能在第二次工业革命中冲到最前面。 The average, 30 years of Holy Roman empire invested the fund of technical research and development to reach as high as 80 million aegises recently every year ; If pulls closer the time to the recent five years, this number achieved the astonishing 210 million aegises. 平均下来,最近三十年神罗帝国每年投入科技研发的资金高达八千万神盾;如果把时间拉近到最近五年,这个数字更是达到了惊人的二点一亿神盾。 Except that finances from the capital market, is undertaken by all investors together, does not have any organization and individual can support this expenses. 除了从资本市场融资,由所有投资者共同承担,没有任何机构和个人能够支撑的起这笔开销。 The investment and return are proportional, 2 billion funds pounded, the airplane, tank and battleship came out, the civilian facility has numerous number, human also entered the electric power and internal combustion engine time ahead of time. 投入和回报是成正比的,二十亿资金砸了下去,飞机、坦克、战列舰都出来了,民用设施更是多不胜数,人类也提前进入了电力、内燃机时代。 What tragedy is same as many investors, Franz became poor. Over a thousand science companies in hand, can make money arrives 50 home, besides has entered that more than 200 homes of restructuring, remaining is continue burn money pattern. 悲剧的是和众多股民一样,弗朗茨变穷了。手中的上千家科技公司,能够赚钱的不到五十家,除了已经进入破产重组的那两百多家外,剩下的都在继续烧钱模式。 Although reduced the business operation cost, slowed down to burn money progress, but compiled, every month still had to reach as high as the losses of more than ten million aegises. 尽管压缩了企业运营成本,放缓了烧钱进度,但是汇总起来,每月仍然有高达上千万神盾的亏损。 Market environment good time, some are the capital is willing to accompany is burning the money, now the market situation deteriorated, is being raised by everyone together „sheared fragrant-flowered garlic” companies, can only Franz first capture. 市场环境好的时候,有的是资本愿意陪着烧钱,现在市场形势恶化了,原本由大家一起养着的“割韭菜”公司,就只能弗朗茨自己先兜着了。 Does not die not to support good, if the company went out of business, in the future will want to set up the signboard to be difficult again. After all, the story said again of pleasant to hear, that was also the project that was once defeated, the investors take out money is not definitely refreshed. 不死撑不行,要是公司倒闭了,未来再想要重新树立招牌就难了。毕竟,故事讲得再好听,那也是一个曾经失败的项目,投资者们掏钱肯定不会那么爽快。 Insisting that was different, so long as has supported this wave, behind some are the capital enters the arena. If the middle technological breakthrough, that is the blood gains. 坚持下去就不一样了,只要撑过了这一波,后面有的是资本进场。要是中间技术突破了,那更是血赚。 Some so many children in such an arrangement, even if in the pocket also has money, Franz must first remain. After all, these in oneself hand are the high-quality projects, although was possibly more advanced, that will also be the future of the world. 有这么多拖油瓶在,纵使兜里还有钱,弗朗茨也必须要先留着。毕竟,自己手中的这些都是优质项目,虽然可能超前了一些,那也是世界的未来。 The Franz day does not feel better, others not to mention. Those make the real economy, to do an enterprise, now one is one, winters in the grain storage, no one dares to use in the hand arbitrarily the precious fund. 弗朗茨的日子都不好过,其他人就更不用说了。凡是做实体经济、想要干出一番事业的,现在有一个算一个,都在储粮过冬,谁也不敢擅自动用手中宝贵的资金。 Some truly big laid-up capitals, plays the finance. Sometimes Franz even wants to remove firewood from under the pot, the bank nationalization, falls these fellows directly considers as finished. 真正有大笔闲置资金的,还是玩儿金融的。有时候弗朗茨甚至想釜底抽薪,直接将银行收归国有,把这些家伙咔嚓掉算了。 Naturally, this is also only thinks. If the Holy Roman financial capital strength catches up with Britain, then Franz really may not be able to bear throw off the table. 当然,这也只是想想而已。如果神罗的金融资本力量赶上不列颠,那么弗朗茨可能会真的忍不住掀翻桌子。 The issue is Holy Roman financial capital strength originally limited, jumps the technical pit that Franz dug, the stock disaster erupts time was buried similarly. 问题是神罗的金融资本实力本来就有限,又跳了弗朗茨挖的科技坑,股灾爆发的时候都被埋得差不多了。 Naturally, such good deed also this wave. Experience teaching. When the next wave of quotation starts, was supposing the main force that plays the science and technology must change into the private investor, after all this success ratio is really touching. 当然,这样的好事也就这一波。吃一堑,长一智。等下一波行情开始,估摸着玩科技的主力就要换成散户了,毕竟这个成功率实在是太感人。 Everyone does not have money, where then money did go to? 所有人都没钱,那么钱去了哪里？ The answer is very simple is: The pot of war. The European wars cause the Holy Roman wealth to flow out massively, more than 20 years of unfavorable balances of trade, cannot withstand a consumption of war. 答案很简单是:战争的锅。欧陆战争导致神罗的财富大量外流,二十余年的入超,顶不住一场战争的消耗。 The post-war market boom, by more was the virtual credit supports, rather than real currency. 战后的市场繁荣,靠得更多是虚拟的信用支撑起来的,而不是真实的货币。 This is also the primary cause that Franz must strive for the currency hegemony, only then makes the aegis the international settlement currency, can avoid a war hitting the spatial family property the awkwardness. 这也是弗朗茨要争夺货币霸权的主要原因,只有让神盾成为了国际结算货币,才能够避免一场战争打空家底的尴尬。 Prime Minister Carl: „ Your majesty, present money market not suitable financing. To solve the fund difficult position, the only means only then raise the lever, issues additionally the currency. 卡尔首相:“陛下,眼下的金融市场不适合融资。想要解决资金困境,唯一的办法只有抬高杠杆,增发货币。 Our reserves are relatively abundant, the leverage of aegis is always somewhat low. Ministry of Finance has calculated, so long as raises the aegis release leverage to the pound level, can issue additionally 830 million currencies. 我们的储备金相对充裕,一直以来神盾的杠杆比例都偏低。财政部计算过,只要将神盾发行杠杆比例提高到英镑水平,就能够增发八点三亿货币。 If there is a various European countries joint endorsement, even if issues additionally 1.2 billion one time, the market can still hold. ” 如果有欧洲各国联合背书,就算是一次性增发十二亿,市场也能够容纳。” As the promising youth, the aegis wants to defeat the pound to become the international currency, naturally must have own advantage. 作为后起之秀,神盾想要击败英镑成为国际货币,自然要有自身的优势。 Before the European war ended, Holy Roman has not unified, from the world hegemon is the long distance, the international standing cannot catch up with Britain by far, Aegis can only and „stability” obtain the approval of market by „low leverage”. 欧陆战争结束前,神罗都没有统一,距离世界霸主更是十万八千里,国际地位远远赶不上不列颠,神盾只能靠“低杠杆比例”、“稳定性”获得市场的认可。 Happen to Holy Roman is the world gold's first production power, the output compared with following 2,345,678 add many, was the monetary issue of government provided the adequate earnest money. 正好神罗又是世界黄金第一生产大国,产量比后面的二三四五六七八加起来都多,为政府的货币发行提供了充足的保证金。 Knows to turn over to know, Franz was shocked by the solution of government. Is short of money on „the seal bank note”, seemingly does not have the problem, issue in fact must greatly. 知道归知道,弗朗茨被政府的解决方案惊呆了。缺钱就“印票子”,看似没有毛病,实际上的问题就大得去了。 Now possibly in the 19 th century, the style changes the 21 st century suddenly, how to see does not feel normally. However on the present, seemingly „the seal bank note” also solves the good way of crisis. 现在可能19世纪,画风突然变到了21世纪,怎么看都觉得不正常。不过就眼下而言,貌似“印票子”还真是解决危机的好办法。 Stamps the bill, the navigation inflates will definitely happen. However had various European countries to endorse together was different, this was equivalent to the entire Europe to help digest the inflation together. 加印钞票,通航膨胀是必然会发生的。但是有欧洲各国一起背书就不一样了,这相当于整个欧洲一起帮忙消化通胀。 Disposable multi- seal 1.2 billion, the European world average per person amortization gets down, less than one month of wages. This money circulates in the market, even if will have the inflation is not big. 一次性多印十二亿,欧洲世界人均摊销下来,也就不到一个月的工资。这点儿钱流通到市场上,即便是发生了通胀也不会太大。 So long as the gold reserve of Vienna government is sufficient, bites to death the aegis exchange proportion not to vacillate, internal inflation will be digested with the lapse of time. 只要维也纳政府的黄金储备充足,咬死神盾兑换比例不动摇,内部的通胀就会随着时间的推移被消化掉。 What is most essential, during solution financial problem, but also promoted the aegis to become the step of the world currency. Once the crisis in the past, the confidence of market to aegis, will reach a new altitude. 最关键的是,在解决资金问题的同时,还推动了神盾成为世界货币的步伐。一旦危机过去,市场对神盾的信心,将达到一个新的高度。 Franz is more wants more to feel feasible, some few words saying well: „Wants the seal money the speed to be quick enough, the debt cannot catch up with me”. 弗朗茨是越想越觉得可行,有一句话说得好:“只要印钱的速度足够快,债务就追不上我”。 After hesitant a while time, Franz asked: „How to make various countries acknowledge? What to do if they did set the similar request?” 犹豫了一会儿功夫后,弗朗茨问道:“怎么让各国承认？如果他们提出同样的要求怎么办？” It is not Franz is oversensitive, Holy Roman can depend on the seal bank note solution financial problem, various European countries can also stamp the bank note similarly, eases the financial crisis. 不是弗朗茨多心,神罗能够靠印票子解决资金问题,欧洲各国同样也可以加印票子,缓解财政危机。 All governments are not the fools, the Vienna government can request them for the currency value endorsement of aegis, then all governments will also request the Vienna government in turn for their currency endorsements. 各国政府也不是傻子,维也纳政府能够要求他们替神盾的币值背书,那么各国政府也会反过来也要求维也纳政府替他们的货币背书。 Everyone „seal, seal and seal”, that scene Franz does not dare to imagine together simply. If really the Pandora's Box were opened, the gold standard prepares the resting vegetable/dish, the gold production cannot catch up with everyone to print the bill speed. 大家一起“印、印、印”,那个场面弗朗茨简直不敢想象。真要是潘多拉魔盒被打开,金本位就准备歇菜吧,黄金生产是赶不上大家印钞票速度的。 Perhaps the French most hopes that this happened, only then everyone seal seal seal, their debts pay off hopefully. Best to think the beforehand France is the same, average per person billionaire, then the minute/share minute can pay off the indemnity. 或许法国人最希望这一幕发生,只有大家印印印,他们的债务才有希望还清。最好是就想之前的法兰西一样,人均亿万富翁,那么分分钟就能够还清赔款。 Prime Minister Carl replied confidently: „ We can add the material aid with the interest-free loan, the acknowledgment of receiving in exchange all governments. 卡尔首相胸有成竹的回答道:“我们可以用无息贷款加物资援助,换取各国政府的承认。 Now they do not have to choose, stamping currency, although is simple, but that is no one has the qualifications to do. European various countries have the respective flaw, not possible to issue additionally the currency at this time. 现在他们没得选择,加印货币虽然简单,但那也不是谁都有资格干的。欧陆各国都有各自的缺陷,根本就不可能在这个时候增发货币。 The bankrupt ten countries were needless saying that stamping the currency was to dislike oneself dies insufficiently quickly ; Montenegro and Armenian money printing ability does not have, the currency is to entrust our printing shop prints. 已经破产的十国就不用说了,加印货币就是嫌自己死得不够快;黑山、亚美尼亚印钞能力都没有,货币都是委托我们的印刷厂代为印刷。 Holland and Northern European federation and Spanish economical mass are limited, stamp the currencies to bring on the sudden inflation immediately ; The Russian Empire economical mass was enough, but on the credibility of Tsar government, once stamped the currency ruble is the franc second. 荷兰、北欧联邦、西班牙三国经济体量有限,加印货币马上就会引发急剧通胀;俄罗斯帝国经济体量是够了,但是就沙皇政府的信誉,一旦加印货币卢布就是法郎第二。 The risk tolerance and limited of various countries, not only the home cannot withstand, internationally will not acknowledge. Stamps the currency definitely to lead to the run, only if they can give up the gold standard, otherwise cannot support. 各国的抗风险能力及其有限,不光国内承受不了,国际上更不会承认。加印货币必然会引发挤兑风潮,除非他们能够放弃金本位,要不然根本就撑不过去。 Under this situation, they want to solve the fund difficult position, the only means are foreign debt. Now can solve the financial problem for them, only then we and English. 在这种背景下,他们想要解决资金困境,唯一的办法就是对外举债。现在能够替他们解决资金问题的,只有我们和英国人。 If some people betrayed continental Europe at this time, sided with the English, our blades are are not a vegetarian, happen to punishes one as a warning to others. ” 如果有人这个时候背叛了欧洲大陆,倒向了英国人,我们的刀也不是吃素的,正好杀鸡儆猴。” Really under the sunlight does not have something new, original space and time post-war various countries gave up the gold standard, is how similar to the present aspect. 果然阳光之下没有新鲜事,原时空一战后各国放弃金本位,和现在的局面何其相似。 „Gives up gold standard”, now looks not possible, but once was compelled anxiously, does not want to give up not being good. “放弃金本位”,现在看起来不可能,可一旦被逼急了,不想放弃也不行。 Sees one to know the autumn, without Holy Roman this alternative plan, it is estimated that the final outcome of this economic crisis, were compelled to give up the gold standard ending by various countries. 见一叶而知秋,如果没有神罗这个备选方案,估计这次经济危机的最终结果,就是以各国被逼放弃金本位终结。 Exactly said, has the country to give up the direct gold standard. Historical astonishing similar, this leading big brother is France. 确切的说,已经有国家放弃直接金本位了。历史惊人的相似,这个带头大哥就是法兰西。 The French government does not have to choose, after the European war ended, the domestic gold was ransacked. The stock gol of release currency did not have, how also to implement the gold standard? 法国政府是没得选择,欧陆战争结束后,国内的黄金被洗劫一空。发行货币的储备黄金都没有了,又如何实行金本位？ The international loan borrows is the paper money, has not loaned the gold. Although the French government has rummaged through chests and cupboards with every effort, has not collected enough reserve. 国际贷款借出去都是纸币,可没有借出黄金的。尽管法国政府已经尽力翻箱倒柜,还是没有筹集到足够的储备金。 Finally was compelled anxiously King Carlos steels one's heart, borrowed an aegis to act as the reserve directly, opened the indirect gold standard system. 最后被逼急了的卡洛斯国王把心一横,直接借了一笔神盾充当储备金,开启了间接金本位体制。 The indirect gold standard can also calculate the gold standard reluctantly, always compares on the direct credit standard good. If really plays the credit money, it is estimated that the French People must continue leaving person „billionaire” old route. 间接金本位也可以勉强算金本位,总比直接上信用本位的好。真要是玩儿信用货币,估计法国民众还是要继续走人人“亿万富翁”的老路。 A lot, so long as some people took the lead to be easy to do, the standard system of money was also the same. France starts, as several Italian state of new independent nation, steps onto „indirect gold standard” path. 很多事情,只要有人带头就好办了,货币本位制度也一样。法兰西只是开始,紧接着作为新独立国家的几个意大利邦国,也走上“间接金本位”的道路。 What is only regrettable, Belgium or continued the golden monetary standard. 唯一令人遗憾的是,比利时还是延续了黄金本位制度。 This does not have the matter of means that although Belgium loses seriously in the European war, is the resistance at risk of life Belgian army, evacuated for the government won the time, the gold reserve that snatched was benefitted Austria Poland , Germany second to bring Holy Roman. 这是没有办法的事情,虽然比利时在欧陆战争中损失惨重,可是比利时军队的拼死抵抗,还是为政府撤离争取了时间,抢出来的黄金储备被利奥波德二世带到了神罗。 As virtuous, has the training monarchy, Franz naturally cannot do the matter that takes advantage, has Belgium of enough reserve, naturally must continue to implement independent gold standard system. 作为有道德、有修养的君主,弗朗茨自然干不出趁火打劫的事情,拥有足够储备金的比利时,自然要继续实施更加自主的金本位制度了。 Although regretted, Franz did not regret. The aegis replaces the gold is not matter in one single day, the step steps to pull the fruit too greatly. 虽然遗憾,弗朗茨并不后悔。神盾取代黄金不是一朝一夕的事情,步子迈得太大是会扯到蛋蛋的。 At least also first excessive, to everyone accepting time. For example: First realizes „gold- aegis” compound monetary standard. 至少也得先过度一下,给大家一个接受的时间。比如说:先实现“黄金-神盾”并列本位制度。 Must achieve this point is not difficult, so long as Holy Roman reduces the golden exit|to speak, with the development of economy, various countries sooner or later because the gold reserve will have a headache insufficient, when the time comes will promote the compound monetary standard, will be the logical matter. 要做到这一点不难,只要神罗减少黄金出口,随着经济的发展,各国早晚会因为黄金储备不足而头疼,到时候推广并列本位制度,就是顺理成章的事情。 When the time grew, everyone was used to the aegis to make the standard gold/metal, was the aegis replaces the gold, established the currency hegemony time. 等时间长了,大家习惯了神盾做本位金,才是神盾取代黄金,奠定货币霸权的时候。 The idea incorporating into plan, before has not been completed, no one can guarantee certain success. Similar plan, or the alternative plan also has, this seems like relatively easy one set. 计划归计划,没有完成前,谁也不能保证一定成功。类似的方案,或者说备选方案还有很多,这只是看起来相对容易的一套。 Has to acknowledge that the end of European war, the government brings the change that to be huge to the Vienna. In those days in came across this matter, Prime Minister Carl were most also gives to wear the small shoes afterward. 不得不承认欧陆战争的结束,给维也纳政府带来的改变是巨大的。往日里遇到这种事情,卡尔首相最多也就事后给穿小鞋。 Now is obviously different, first pinned the big hat of European rebel, must punish one as a warning to others, proper hegemon attitude. 现在明显不一样了,先是把欧陆叛徒的大帽子扣了上去,紧接着就要杀鸡儆猴,妥妥的霸主作风。 In fact, this was the 19 th century normal operation. The treaty of alliance concluded, at this time closed up that to betray to the English, the rebel must die has not resulted in discussed. 事实上,这才是19世纪的正常操作。盟约都缔结了,这个时候向英国人靠拢那就是背叛,叛徒必须死没得商量。