The show operation of Berlin government, the entire European world was shocked. 柏林政府的骚操作,整个欧洲世界都被惊呆了。 Comes to the bourgeoisie, is a blow to the head. Prussia can play, other national nature can also imitate, this hangs simply in everyone head sharp sword. 对资产阶级来来说,更是当头一棒。普鲁士可以这么玩儿,别的国家自然也可以效仿,这简直就是悬在大家头上的利剑。 The public opinion attacks sound one piece, but there is no function. Since dares to throw off the table, the Berlin government naturally cannot fear to be scolded. 舆论是抨击声一片,不过这都没有任何作用。既然敢掀翻桌子,柏林政府自然不会怕挨骂。 Prussia approach, is not only the domestic capitalist loses seriously, the overseas investors are also wailing sound one piece. 普鲁士的做法,不光是国内的资本家损失惨重,海外的投资客们也是哀嚎声一片。 Since the news travels, person who Frankfurt wants to jump from an upper story, increased. 自从消息传开后,法兰克福想要跳楼的人,又增加了很多。 Including known Florez, because the mistake on information, did not meet the plate carefully, rooftop on hesitant wanting. 包括小有名气的弗洛雷斯,因为信息上的错误,不小心接了盘,正在犹豫要不要上天台。 Luckily, after the Prussia war ended, any Prussia company stock fell the bottom, was in itself at the locking condition. 幸好,普俄战争结束后,凡是普鲁士的公司股票都跌到了底,本身就处于套牢状态。 Without silly runs to do many, taking over a business is also takes over a business low, owing is not too serious. 只要没有傻乎乎的跑去做多,接盘也是低位接盘,亏的不算太严重。 The Berlin government confiscates the stock of criminal, the stock of theoretically, in the overseas investor hand holding, is effective. 柏林政府只是没收犯罪分子的股份,理论上来说,海外投资者手中持有的股份,还是有效的。 This is also the primary cause that the big powers have not interfered with, although the method of Berlin government extreme a little, after all is handling the internal affairs. 这也是列强没有干涉的主要原因,柏林政府的手段虽然过激了一点儿,毕竟还是在处理内部事务。 What is most essential has created the established facts, will interfere will only make the matter more troublesome, increased everyone's loss. 最关键的是已经造成了既定事实,干涉只会让事情变得更加麻烦,增加大家的损失。 So long as the enterprise is still revolving, stock on existence value. Nothing but was the major stockholder changed into the Berlin government, making the investment prospect confusing. 只要企业还在运转,股票就存在着价值。无非是大股东换成了柏林政府,让投资前景变得扑朔迷离。 ...... …… Vienna palace 维也纳宫 „Your majesty, the situation changes. The Prussia approach, likely triggers the chain-reaction. If the French imitates, our plans are very difficult to succeed.” First Lord of the Treasury Carl heavyhearted say/way “陛下,情况有变。普鲁士的做法,很可能引发连锁反应。如果法国人效仿的话,我们的计划很难成功。”财政大臣卡尔忧心忡忡道 The sudden accident, to the shorting franc plan that British Austria both countries conspire, is a huge blow. 突如其来的变故,对英奥两国密谋的做空法郎计划,也是一个巨大的打击。 Prussia can throw off the table, the French can achieve similarly. Perhaps the Paris government does not dare the entire study, so long as comes a monetary control, suffices everyone to receive. 普鲁士可以掀翻桌子,法国人同样可以做到。或许巴黎政府不敢全学,只要来一个金融管制,就够大家受的了。 Franz shakes the head: „ This different, the Berlin government compelled did not have the means that may draw back roadless can only give it all. 弗朗茨摇了摇头:“这不一样,柏林政府是被逼的没办法了,无路可退只能放手一搏。 Where the mass of France is putting, we most also on a suppression franc currency value, gains one while convenient, could not want their life, the Paris government will not be extreme. 法兰西的体量在哪里放着,我们最多也就打压一下法郎的币值,顺带赚上一笔,要不了他们的命,巴黎政府不会那么极端。 If the Paris government if really conducts the monetary control, helped our busy on the contrary. Prussia is the ready-made example, a Mark currency value has collapsed completely. 如果巴黎政府真要是进行金融管制,反倒是帮了我们的大忙。普鲁士就是现成的例子,马克币值已经完全崩溃。 Perhaps this time speculates we to owe, but the franc withdraws from the international market, some shares made up for our losses sufficiently. ” 或许这次投机我们会亏,但法郎退出国际市场,这部分份额就足以弥补我们的损失了。” For currency hegemony, UK , France Austria three countries battles many years. Although France has been eliminated, but the franc still grabbed the important share in the international market. 为了货币霸权,英法奥三国争斗了好些年。尽管法兰西已经出局,但法郎仍然在国际市场上占据了重要份额。 The gold standard time, the economical mass is bigger, is bigger to the demand of gold. 金本位时代,经济体量越大,对黄金的需求量就越大。 The economical mass of France is very big, the gold production is also limited, is unable to meet the growing need, a release franc reserve continuously insufficient, in the money market has the safety danger. 法兰西的经济体量很大,黄金产量却又非常有限,无法满足日益增长的需求,发行法郎的储备金一直都不足,金融市场上存在着安全隐患。 Recently these years, the international idle fund often patronized. The scale is not big, even if has captured, cannot shake a franc position. 最近这些年,国际游资就时常光顾。只是规模都不怎么大,就算是有所斩获,也撼动不了法郎的地位。 The benefit moves the will of the people, after the speculator gets to know the benefits, naturally wants to gain a bigger benefit. 利益动人心,投机者尝到了甜头后,自然想要赚去更大的利益。 This British Austria capital collaborates, seems like that is Franz is promoting in secret, in fact this is only introduction. Even without this introduction, will happen sooner or later. 这次英奥资本联手,看似是弗朗茨在暗中推动,实际上这只是一个引子。就算是没有这个引子,还是早晚会发生。 Naturally, this introduction are very important, without the ginseng/partake of government gathers, the capitalists act even, will not have such big scale. 当然,这个引子还是很重要的,没有政府的参合,资本家们就算是行动,也不会有这么大的规模。 , The French encounters British Austria to suppress essentially, because moved the cheese of two countries. 本质上来说,法国人遭到英奥打压,还是因为动了两国的奶酪。 The African development plan of Paris government is too irritant. Recently the textile industry of these year of France developed rapidly, had seized many markets of English. 巴黎政府的非洲开发计划太招人恨。最近这些年法兰西的纺织业发展迅速,已经抢占了英国人的不少市场。 Originally let the English anxiety, in African development plan placed first cotton crop, how did this let John Bull to endure? 本来就让英国人肉疼了,非洲开发计划中又把棉花种植放在了第一位,这让约翰牛如何能忍？ During planter cotton, in French's African development plan, but also prepares to promote the new agricultural technology in North Africa, expands the agricultural product cultivation area, this moves the cheese that Austria benefitted. 在种植棉花的同时,法国人的非洲开发计划中,还准备在北非地区推广新农业技术,扩大农产品种植面积,这又动了奥地利的奶酪。 Under this background, if not encounter the suppression of British Austria two countries, has the issue. 这种背景下,要是不遭到英奥两国的打压,才有问题。 In comparison, competes for the franc the international market share, but also is secondary, is the financial circles is mainly interested. 相比之下,争夺法郎的国际市场份额,还算是次要的,主要是金融界人士感兴趣。 After stopping instantly the time, Franz also added: „ Plans to progress to present this step, does not want to withdraw can withdraw. 停顿了刹那功夫后,弗朗茨又补充道:“计划进展到现在这一步,已经不是想退出就能够退出的了。 The matter on finance, I do not understand, the person who gives the career change is responsible. 金融上的事情,我不怎么懂,就交给转业的人去负责。 At present defers to the plan, increases to the dumping effort of France, consumes their foreign exchange reserves as far as possible. ” 眼下还是按照计划,加大对法兰西的倾销力度,尽可能消耗他们的外汇储备。” ...... …… Should come will come, by the influence of Berlin government special policy, on November 11 , 1881, Berlin Stock Exchange was just opened flowingly. 该来的还是会来,受柏林政府特殊政策的影响,1881年11月11日,柏林证券交易所刚开盘就一泻千里。 Cutting in two at the waist is good, many stocks only have 2-3 booklets, the market values of some stocks, even also original 10%. 腰斩算是表现好的,很多股票都只剩下2-3折,部分股票的市值,甚至还不到原来的百分之十。 The net assets of certain enterprises, are higher than several times the market value, the typical market value hangs upside down. 某些企业的净资产,都比市值高几倍,典型的市值倒挂。 This is the normal phenomenon, the asset is not equal to the cash. During stock disaster, the asset shrinks is inevitable. In order to raise the fund went through the difficulty, wiping away tears big markdown sale should not be too many. 这都是正常现象,资产不等于现金。股灾期间,资产缩水是必然的。为了筹集资金度过难关,挥泪大甩卖的不要太多。 With expansion of free trade, close of more and more various countries' economic liaison. Prussia erupts a disaster, other country do not want to cultivate one's own moral worth. 随着自由贸易的展开,各国经济联系的越来越紧密。普鲁士爆发股灾,别的国家也不要想独善其身。 First is under the impact naturally is Frankfurt and London. The former perseveres is less than three days, collapses on all fronts ; The latter also supports is less than five days, on step footsteps. 最先受到冲击的自然是法兰克福和伦敦。前者坚守不到三天,就全线崩溃;后者也就支持不到五天,就步了后尘。 The Pandora's Box was opened, the stock disaster spreads to the entire continental Europe quickly, the stock markets of various countries are wailing sound one piece. 潘多拉魔盒被打开了,股灾很快就蔓延到整个欧洲大陆,各国的股市都是哀嚎声一片。 Is less than one week, the stock market bulk lots of Vienna fall 10%, set the record for five years lowest. 不到一个星期,维也纳的股市大盘就下跌百分之十,创下了五年来的最低。 British Austria both countries erupted a disaster, France is also naturally no exception. 英奥两国都爆发了股灾,法国自然也不能例外。 Paris, the angry investors lit the stock exchange directly, the staff rushed luckily promptly, put off the fire. 巴黎,愤怒的股民们直接点燃了证券交易所,幸好工作人员及时赶到,扑灭了大火。 Palace of Versailles, Napoleon IV has not recovered consciousness from the stock disaster, economy minister Elsa ran in a hurry. 凡尔赛宫,拿破仑四世还没有从股灾中缓过来,经济大臣艾尔莎就匆匆的跑了进来。 „ Your majesty, the important matter is not good. Over a hundred banks including Banque de Paris , Banque de France , Teikoku Bank encountered the run simultaneously, the situation unusual crisis. “陛下,大事不好。包括巴黎银行、法兰西银行、帝国银行在内的上百家银行同时遭到了挤兑,形势非常危机。 Many people take the deposit receipt, assigning the request to exchange the pound and aegis, our foreign exchange reserves are reducing suddenly. 很多人拿着存单,指定要求兑换英镑、神盾,我们的外汇储备正在急剧减少。 Can determine, some people must short the franc. Running on a bank this is only starts, the behind enemy will also launch the attack. ” 可以确定,有人要做空法郎。挤兑这只是开始,后面敌人还会发起进攻。” Heard this bad news, in Napoleon IV mind appeared instantaneously a word- „financial storm”, stopped quickly to ask: „Knows that is who is operating?” 听到了这个坏消息,拿破仑四世脑海中瞬间浮现了一个词-“金融风暴”,停顿了一下急忙问道:“知道是谁在操纵么？” Economy minister Elsa replied: „ Participant are many, the entire world ranking bank and securities company near the top, almost appeared, roughly can judge that the main force is British Austria capital. 经济大臣艾尔莎回答道:“参与者非常多,全世界排名靠前的银行、证券公司,几乎都出现了,大致可以判断主力是英奥资本。 The influence of enemy is abundant, according to information that we collect, the preliminary estimate, in their hands possibly has 3 billion ~ 5 billion francs. ” 敌人的势力非常雄厚,根据我们搜集到的情报,初步估计,他们手中可能持有30亿~50亿的法郎。” „3 billion ~ 5 billion francs”, seem like that to French such great nation is not anything, on French government one year of financial revenue. “30亿~50亿法郎”,看似对法兰西这样的大国不算什么,也就法国政府一年的财政收入。 However, this is the cash is not the asset. In the money market, such a great sum of money can definitely skid tens of billions international idle funds, impacts the French money market. 然而,这是现金不是资产。金融市场上,这么一笔巨款完全可以撬动上百亿的国际游资,冲击法国金融市场。 Napoleon IV has a big shock saying: „Enemy raised so many funds, does our financial department know nothing?” 拿破仑四世大惊失色道:“敌人筹集了这么多资金,难道我们金融部门就一无所知么？” Because the aegis and pound are the international settlement currencies, the foreign exchange reserves of British Austria two countries are quite low, is unable to put out so many francs. 因为神盾和英镑都是国际结算货币,英奥两国的外汇储备都比较低,根本就无法拿出这么多法郎。 The circulation total quantity in franc internationally market, in fact also such billions. This means, initiates the fund of run, can only come from France. 法郎在国际上市场上的流通总量,实际上也就那么几十亿。这就意味着,发起挤兑的资金,只能来自法兰西国内。 Economy minister Elsa replied in a low voice: „A while ago, the domestic several big banks, lent the big loans to the overseas, is the ordinary business programs, has not brought to everyone's attention.” 经济大臣艾尔莎低声回答道:“前段时间,国内的几家大银行,向海外发放了大笔贷款,都是普通的商业项目,没有引起大家的重视。” This is the system decision, the bank lends the loan is others freedom, the French government has no right to interfere. 这是体制决定的,银行发放贷款是人家的自由,法国政府根本就无权干涉。 Since cannot control, naturally does not attach great importance. The profit and loss is bank is responsible for in any case, does not need the government to pay. 既然管不了,自然不重视了。反正盈亏都是银行自己负责,不需要政府买单。 Napoleon IV starts to speak but hesitates, clear(ly) knows that this run, has the domestic financial group to participate, he is also helpless. 拿破仑四世欲言又止,明知道这次挤兑风潮,有国内财团参与,他也无能为力。 If were not the action of Berlin government scared the bourgeoisie a short time ago, in army who now shorts the franc, must have the French capital absolutely the form. 如果不是前不久柏林政府的举动吓坏了资产阶级,现在做空法郎的大军中,绝对少不了法国资本的身影。 Now others stealth, has given the government the face. Can't make everyone not make money? 现在人家都隐身了,已经是非常给政府面子。总不能让大家不赚钱吧？ After pondering a while, Napoleon IV asked: „How do you prepare to resolve this crisis?” 沉思了一会儿后,拿破仑四世问道:“你们准备怎么应对这次危机？” Economy minister Elsa: „ Was different from the past, this enemy was threatening, definitely to not occupy a little profit. 经济大臣艾尔莎:“和以往不一样,这次敌人来势汹汹,肯定不会只是为了占点儿小便宜。 ...... ” ……”