Chapter 548: parted ways
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Champs-Elysées, Elysées Palace.
The crimson sunset shines on this ancient building with a history of more than 100 years, which makes this ancient building especially sacred.
In this building that once represented the center of French power, a discussion about the direction of the French economy is about to begin.
One of the two parties in charge of the discussion was the Count of Argoux, the current president who expressed the interests of the Banque de France (part of the financial faction), and the other was the French Emperor Jerome Bonaparte, who represented the interests of the government.
At this time, the Count of Argoux, who represented the interests of the Bank of France, was already ready in a room in the Elysee Palace, and Emperor Jerome Bonaparte never showed up.
The time gradually came to around 5:20. A carriage, guarded by French dragoons wearing breastplates, stopped at the gate of the Elysee Palace. Jerome Bonaparte appeared in the carriage.
As soon as Jerome Bonaparte got off the carriage, he stepped into the Elysée Palace, and the butler in charge of guarding the Elysée Palace hurriedly came to him.
"Which room is Count Argoux now, take me there!" Jerome Bonaparte said to the butler at a slightly faster rate than usual.
"Your Majesty, please come with me!" The butler hurriedly responded to Jerome Bonaparte.
Under the leadership of the butler, Jerome Bonaparte quickly came to the door of a room.
"Your Majesty, the Count of Argoux is inside!" The butler said to Jerome Bonaparte as he opened the door for Jerome Bonaparte.
The door was slowly pushed open, and Jerome Bonaparte took advantage of the opportunity to look into the room, and the Count of Argoux was indeed inside.
"Your Majesty!" After seeing the arrival of Jerome Bonaparte in the room, Count Argoux quickly got up and walked towards the gate.
Jerome Bonaparte entered the room unhurriedly. When he came to Count Argoux, he stretched out his hand and said to Count Argoux, "Count Argoux made you wait for a long time!"
"No! No!" Count Argoux shook his head and responded to Jerome Bonaparte: "Your Majesty, in fact, I just came here, and I didn't wait long!"
"So it is!" said Jerome Bonaparte, glancing at the cup on the table.
There was no heat leaking from the cup, so it could be concluded that Count Argu had been waiting for a long time.
"Sit down!" Jerome Bonaparte let go of Count Argoux's hand and invited Count Argoux to sit down.
"Thank you, Your Majesty!" Count Argoux returned to his original position, while Jerome Bonaparte sat directly opposite Count Argoux.
"Mr. Argoux, you should know why I called you here!" Jerome Bonaparte asked Count Argoux as soon as his **** was seated.
"Your Majesty, please take a look at this first!" Count Argu opened the backpack on the table to take out a document, and then presented the document with both hands.
"What is this?" Jerome Bonaparte, who received the information from Count Argoux, pointed to the information and asked Count Argoux.
"Your Majesty, this is the price situation in Paris in the first half of this year, as well as the number of banknotes issued by the Bank of France." Count Argoux replied.
"Oh!" Jerome Bonaparte nodded, looking down at the contents carefully.
After a while, Jerome Bonaparte raised his head again and said to Count Argoux: "Yes, yes! The situation in the Paris region is still developing steadily and improving! This shows that our policy is still very successful!"
"Good? Success?" Count Argoux was stunned for a few seconds. He couldn't believe it. This sentence came from Jerome Bonaparte.
"Look!" Jerome Bonaparte put up the information on Count Argoux and pointed to the bread and meat column: "Look, the value of the bread in the first half of this year has only increased compared to the first half of last year. 3% or so, the price increase for meat is only about 4%.”
"Your Majesty, 3% growth is enough for some Parisians to live on their own!" The Count of Argoux couldn't help but said to Jerome Bonaparte: "And this is only one area of Paris, the growth rate of other areas in France may be faster than It's even higher than this!"
"So what?" Jerome Bonaparte asked rhetorically: "During the war, price increases are inevitable! Besides, parts of the empire suffered from extremely bad weather last year. Even if There would be a small wave of growth without war!"
"Your Majesty, I understand that price increases are inevitable, but the situation facing the Empire is not just a problem of excessive price increases, but inflation! If this goes on, the money in the hands of the workers will not be able to buy bread! Excessive Inflation will lead to empires, facing a huge political crisis!
Up to now, the entire Bank of France has sold nearly 300 million francs of small-denomination banknotes. If this goes on, I am afraid that the Bank of France will face the risk of running and going bankrupt! "The Count of Argoux pleaded with Jerome Bonaparte: "Your Majesty, the Banque de France is the lifeblood of the whole of France!" In the event of turmoil in the Banque de France..."
"Unstable?" Jerome Bonaparte showed a sly smile at the corner of his mouth. He knew the strength of the Bank of France very well, and naturally he would not believe Count Argoux's nonsense.
Sixteen years later, the Bank of France was able to prepare 45 billion gold francs in a very short period of time, but the current Bank of France will face the risk of collapse due to the issuance of an additional 300 million francs of banknotes.
No matter how you think about it, it's an impossible thing.
The only possibility was that the Count of Argoux himself did not want to see the reserves stored in the Banque de France diluted.
After all, even if only a very small number of people exchange paper money for gold, that is a lot of money.
The Count of Argoux was very afraid that the paper money would be like the original revolutionary government's index, because the government's excess issuance would become waste paper.
The French Revolution not only affected French politicians, but also some old banking families.
The fathers of the bankers who lived through the Revolution, after seeing the revolutionary government recklessly used aggressive monetary tactics to cause massive inflation, the vast majority of them all became believers in conservative financial breaks, in their influence Bankers born before and after the Great Revolution rejected all radical strategies and wanted to build a sustainable and profitable institution.
Jerome Bonaparte's shrunken Keynesianism is literally destroying a country for a banker who can't stand even Saint-Simonianism!
Jerome Bonaparte even believed that if he was not the emperor himself, the theory he pursued could not have been implemented by the Banque de France.
To put it mildly, Count Argoux was able to endure such a long time to attack him, which was considered enough respect for Jerome Bonaparte.
"That's right! Your Majesty, 300 million francs is already the limit that France can bear! If things go on like this, prices will face a sharp rise! The market will also fall into chaos!" Count Argoux told Jerome Powell said Nabal.
Jerome Bonaparte pondered for a moment, then spread his hands and said, "Count Argoux, what do you think we should do now?"
Hearing Jérôme Bonaparte's question, Count Argoux thought the emperor accepted his suggestion, and he quickly said his "prescription for saving lives": "Your Majesty, I suggest that new additions be stopped immediately from now on. The issuance of currency, the government's efforts to reduce unnecessary spending, and cancel agricultural subsidies... Only in this way can we curb malicious inflation! Let our economy return to its original healthy value."
As soon as Count Argoux finished speaking, Jerome Bonaparte stared at Count Argoux with wide eyes.
"Your Majesty, am I right?" Count Argoux looked at Jerome Bonaparte in confusion. He didn't understand why the Emperor looked at him with such an expression.
wrong? Are you **** trying to hurt me!
At this moment, Jerome Bonaparte roared in his heart.
Jerome Bonaparte was all too familiar with the "good medicine" that the Count of Argoux used to treat economic expansion.
This method of containment has an elegant name in later generations, that is, "shock therapy."
All countries that have used shock therapy in later generations will, without exception, fall into chaos for a period of time, and the size of this chaos depends on the degree of market economy.
In a country like France that has not even established a large unified market (in this time period, most countries including the United Kingdom have not established a unified large market.), using "shock therapy" is simply no different from suicide.
Jerome Bonaparte didn't know whether the French market could withstand this life-saving medicine from the Count of Argoux. Anyway, the seat under his **** would definitely not be able to bear it.
Jerome Bonaparte was certain that once he stopped issuing money and cutting government spending, deflation would await him.
Deflation will lead to a lot of unemployment. I am afraid that the angry Parisians will not wait for the regulation in the mouth of the Count of Argoux, and they will go to the Tuin-lely Palace and directly pull him to the guillotine!
"Count Argoux, do you know what you're talking about?" Jerome Bonaparte said in a stern tone: "If you do this, the whole of France will face mass unemployment! The angry people of Paris will put the two of us together. Straight up the guillotine!"
"No... No! Your Majesty, I calculated that as long as we..." Count Argoux wanted to explain to Jerome Bonaparte that his policy would not lead to mass unemployment.
"Calculation? If economic problems can be solved by simple calculations, then the mathematician who understands economics best in the world should be a mathematician!" Jerome Bonaparte said to Count Argoux with a stern face: "You just said Yes, inflation will cause turmoil, so I ask you, won't austerity cause turmoil! (Jerome Bonaparte pauses, shakes his head) No, it will create more scale turmoil!"
"Your Majesty, the bank no longer has enough reserves! If this continues, the Banque de France is likely to..." Count Argoux replied to Jerome Bonaparte.
"Reserves? I remember that the Banque de France has enough British bonds in reserve? Let the British Bank discount it!" Jerome Bonaparte said to the Count of Argoux: "And you are not with the Bank of England. Have you sniped the gold in the hands of the United States and Russia together? Is it a failure?"
"Your Majesty, just a few days ago, the Bank of England raised the discount rate of bills from the previous 45% to 5%! If we exchange the English bills we hold now, it would be a huge loss!!" Al Count Gu responded to Jerome Bonaparte.
"Five cents to five cents!" Jerome Bonaparte couldn't help raising his voice, "Why doesn't the Bank of England rob it?"
For a bank like the Banque de France that holds the Bank of England's massive debt, every percentage point increase in discount means a huge sum of money being swallowed up by the Bank of England!
An increase of 10% in one breath like England is simply not willing to let the Bank of France convert it.
"Your Majesty, this is actually faster than stealing money!" Count Argoux replied to Jerome Bonaparte.
"Don't worry! I will personally ask about this!" Jerome Bonaparte replied to Count Argoux: "By the way, you haven't told me what happened to the attack on the gold market in the United States and Russia. ?"
"Your Majesty, we are currently in a stalemate with the Bank of England and the United States and Russia. It is expected that it will take half a year to decide the winner! It is precisely because of this that the bank's reserves will flow to the market like water. Flow." The Count of Argoux expressed his dissatisfaction to Jerome Bonaparte implicitly.
"Okay! I already understand what you mean!" Jerome Bonaparte nodded, got up and walked to the window sill to look at the setting sun and said slowly: "Count Argoux!"
"Your Majesty!" Argu hurriedly responded.
"Do you know why I chose to use this place as a place for the two of us to have a conversation?" Jerome Bonaparte turned his back to the window and smirked~www.novelhall.com~ Count Argoux shook Shaking his head, he really did not understand why Jerome Bonaparte would call him to the Elysee Palace to talk to him.
Mingming Tuin Leli Palace is a good place to talk.
"Five years ago!" Jerome Bonaparte stretched out five fingers, then pointed to the room in front of him and said to Count Argoux, "We met in this room, you were more energetic then!"
After Jerome Bonaparte said these words, an ominous premonition poured into Count Argoux's heart.
Your Majesty would not want to...
"Your Majesty, of course I remember you..." Count Argoux wanted to play an emotional card with Jerome Bonaparte.
"Hey! Five years have passed in a blink of an eye!" Jerome Bonaparte sighed and pointed at Count Argoux: "We are all old!"
As soon as Jerome Bonaparte finished speaking, Count Argoux felt dizzy.
If he was not sitting on the sofa at this time, I am afraid that he would have fallen to the ground already dizzy.
For Count Argu, the meaning of His Majesty the Emperor was already obvious.
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Champs-Elysées, Elysées Palace.
The crimson sunset shines on this ancient building with a history of more than 100 years, which makes this ancient building especially sacred.
In this building that once represented the center of French power, a discussion about the direction of the French economy is about to begin.
One of the two parties in charge of the discussion was the Count of Argoux, the current president who expressed the interests of the Banque de France (part of the financial faction), and the other was the French Emperor Jerome Bonaparte, who represented the interests of the government.
At this time, the Count of Argoux, who represented the interests of the Bank of France, was already ready in a room in the Elysee Palace, and Emperor Jerome Bonaparte never showed up.
The time gradually came to around 5:20. A carriage, guarded by French dragoons wearing breastplates, stopped at the gate of the Elysee Palace. Jerome Bonaparte appeared in the carriage.
As soon as Jerome Bonaparte got off the carriage, he stepped into the Elysée Palace, and the butler in charge of guarding the Elysée Palace hurriedly came to him.
"Which room is Count Argoux now, take me there!" Jerome Bonaparte said to the butler at a slightly faster rate than usual.
"Your Majesty, please come with me!" The butler hurriedly responded to Jerome Bonaparte.
Under the leadership of the butler, Jerome Bonaparte quickly came to the door of a room.
"Your Majesty, the Count of Argoux is inside!" The butler said to Jerome Bonaparte as he opened the door for Jerome Bonaparte.
The door was slowly pushed open, and Jerome Bonaparte took advantage of the opportunity to look into the room, and the Count of Argoux was indeed inside.
"Your Majesty!" After seeing the arrival of Jerome Bonaparte in the room, Count Argoux quickly got up and walked towards the gate.
Jerome Bonaparte entered the room unhurriedly. When he came to Count Argoux, he stretched out his hand and said to Count Argoux, "Count Argoux made you wait for a long time!"
"No! No!" Count Argoux shook his head and responded to Jerome Bonaparte: "Your Majesty, in fact, I just came here, and I didn't wait long!"
"So it is!" said Jerome Bonaparte, glancing at the cup on the table.
There was no heat leaking from the cup, so it could be concluded that Count Argu had been waiting for a long time.
"Sit down!" Jerome Bonaparte let go of Count Argoux's hand and invited Count Argoux to sit down.
"Thank you, Your Majesty!" Count Argoux returned to his original position, while Jerome Bonaparte sat directly opposite Count Argoux.
"Mr. Argoux, you should know why I called you here!" Jerome Bonaparte asked Count Argoux as soon as his **** was seated.
"Your Majesty, please take a look at this first!" Count Argu opened the backpack on the table to take out a document, and then presented the document with both hands.
"What is this?" Jerome Bonaparte, who received the information from Count Argoux, pointed to the information and asked Count Argoux.
"Your Majesty, this is the price situation in Paris in the first half of this year, as well as the number of banknotes issued by the Bank of France." Count Argoux replied.
"Oh!" Jerome Bonaparte nodded, looking down at the contents carefully.
After a while, Jerome Bonaparte raised his head again and said to Count Argoux: "Yes, yes! The situation in the Paris region is still developing steadily and improving! This shows that our policy is still very successful!"
"Good? Success?" Count Argoux was stunned for a few seconds. He couldn't believe it. This sentence came from Jerome Bonaparte.
"Look!" Jerome Bonaparte put up the information on Count Argoux and pointed to the bread and meat column: "Look, the value of the bread in the first half of this year has only increased compared to the first half of last year. 3% or so, the price increase for meat is only about 4%.”
"Your Majesty, 3% growth is enough for some Parisians to live on their own!" The Count of Argoux couldn't help but said to Jerome Bonaparte: "And this is only one area of Paris, the growth rate of other areas in France may be faster than It's even higher than this!"
"So what?" Jerome Bonaparte asked rhetorically: "During the war, price increases are inevitable! Besides, parts of the empire suffered from extremely bad weather last year. Even if There would be a small wave of growth without war!"
"Your Majesty, I understand that price increases are inevitable, but the situation facing the Empire is not just a problem of excessive price increases, but inflation! If this goes on, the money in the hands of the workers will not be able to buy bread! Excessive Inflation will lead to empires, facing a huge political crisis!
Up to now, the entire Bank of France has sold nearly 300 million francs of small-denomination banknotes. If this goes on, I am afraid that the Bank of France will face the risk of running and going bankrupt! "The Count of Argoux pleaded with Jerome Bonaparte: "Your Majesty, the Banque de France is the lifeblood of the whole of France!" In the event of turmoil in the Banque de France..."
"Unstable?" Jerome Bonaparte showed a sly smile at the corner of his mouth. He knew the strength of the Bank of France very well, and naturally he would not believe Count Argoux's nonsense.
Sixteen years later, the Bank of France was able to prepare 45 billion gold francs in a very short period of time, but the current Bank of France will face the risk of collapse due to the issuance of an additional 300 million francs of banknotes.
No matter how you think about it, it's an impossible thing.
The only possibility was that the Count of Argoux himself did not want to see the reserves stored in the Banque de France diluted.
After all, even if only a very small number of people exchange paper money for gold, that is a lot of money.
The Count of Argoux was very afraid that the paper money would be like the original revolutionary government's index, because the government's excess issuance would become waste paper.
The French Revolution not only affected French politicians, but also some old banking families.
The fathers of the bankers who lived through the Revolution, after seeing the revolutionary government recklessly used aggressive monetary tactics to cause massive inflation, the vast majority of them all became believers in conservative financial breaks, in their influence Bankers born before and after the Great Revolution rejected all radical strategies and wanted to build a sustainable and profitable institution.
Jerome Bonaparte's shrunken Keynesianism is literally destroying a country for a banker who can't stand even Saint-Simonianism!
Jerome Bonaparte even believed that if he was not the emperor himself, the theory he pursued could not have been implemented by the Banque de France.
To put it mildly, Count Argoux was able to endure such a long time to attack him, which was considered enough respect for Jerome Bonaparte.
"That's right! Your Majesty, 300 million francs is already the limit that France can bear! If things go on like this, prices will face a sharp rise! The market will also fall into chaos!" Count Argoux told Jerome Powell said Nabal.
Jerome Bonaparte pondered for a moment, then spread his hands and said, "Count Argoux, what do you think we should do now?"
Hearing Jérôme Bonaparte's question, Count Argoux thought the emperor accepted his suggestion, and he quickly said his "prescription for saving lives": "Your Majesty, I suggest that new additions be stopped immediately from now on. The issuance of currency, the government's efforts to reduce unnecessary spending, and cancel agricultural subsidies... Only in this way can we curb malicious inflation! Let our economy return to its original healthy value."
As soon as Count Argoux finished speaking, Jerome Bonaparte stared at Count Argoux with wide eyes.
"Your Majesty, am I right?" Count Argoux looked at Jerome Bonaparte in confusion. He didn't understand why the Emperor looked at him with such an expression.
wrong? Are you **** trying to hurt me!
At this moment, Jerome Bonaparte roared in his heart.
Jerome Bonaparte was all too familiar with the "good medicine" that the Count of Argoux used to treat economic expansion.
This method of containment has an elegant name in later generations, that is, "shock therapy."
All countries that have used shock therapy in later generations will, without exception, fall into chaos for a period of time, and the size of this chaos depends on the degree of market economy.
In a country like France that has not even established a large unified market (in this time period, most countries including the United Kingdom have not established a unified large market.), using "shock therapy" is simply no different from suicide.
Jerome Bonaparte didn't know whether the French market could withstand this life-saving medicine from the Count of Argoux. Anyway, the seat under his **** would definitely not be able to bear it.
Jerome Bonaparte was certain that once he stopped issuing money and cutting government spending, deflation would await him.
Deflation will lead to a lot of unemployment. I am afraid that the angry Parisians will not wait for the regulation in the mouth of the Count of Argoux, and they will go to the Tuin-lely Palace and directly pull him to the guillotine!
"Count Argoux, do you know what you're talking about?" Jerome Bonaparte said in a stern tone: "If you do this, the whole of France will face mass unemployment! The angry people of Paris will put the two of us together. Straight up the guillotine!"
"No... No! Your Majesty, I calculated that as long as we..." Count Argoux wanted to explain to Jerome Bonaparte that his policy would not lead to mass unemployment.
"Calculation? If economic problems can be solved by simple calculations, then the mathematician who understands economics best in the world should be a mathematician!" Jerome Bonaparte said to Count Argoux with a stern face: "You just said Yes, inflation will cause turmoil, so I ask you, won't austerity cause turmoil! (Jerome Bonaparte pauses, shakes his head) No, it will create more scale turmoil!"
"Your Majesty, the bank no longer has enough reserves! If this continues, the Banque de France is likely to..." Count Argoux replied to Jerome Bonaparte.
"Reserves? I remember that the Banque de France has enough British bonds in reserve? Let the British Bank discount it!" Jerome Bonaparte said to the Count of Argoux: "And you are not with the Bank of England. Have you sniped the gold in the hands of the United States and Russia together? Is it a failure?"
"Your Majesty, just a few days ago, the Bank of England raised the discount rate of bills from the previous 45% to 5%! If we exchange the English bills we hold now, it would be a huge loss!!" Al Count Gu responded to Jerome Bonaparte.
"Five cents to five cents!" Jerome Bonaparte couldn't help raising his voice, "Why doesn't the Bank of England rob it?"
For a bank like the Banque de France that holds the Bank of England's massive debt, every percentage point increase in discount means a huge sum of money being swallowed up by the Bank of England!
An increase of 10% in one breath like England is simply not willing to let the Bank of France convert it.
"Your Majesty, this is actually faster than stealing money!" Count Argoux replied to Jerome Bonaparte.
"Don't worry! I will personally ask about this!" Jerome Bonaparte replied to Count Argoux: "By the way, you haven't told me what happened to the attack on the gold market in the United States and Russia. ?"
"Your Majesty, we are currently in a stalemate with the Bank of England and the United States and Russia. It is expected that it will take half a year to decide the winner! It is precisely because of this that the bank's reserves will flow to the market like water. Flow." The Count of Argoux expressed his dissatisfaction to Jerome Bonaparte implicitly.
"Okay! I already understand what you mean!" Jerome Bonaparte nodded, got up and walked to the window sill to look at the setting sun and said slowly: "Count Argoux!"
"Your Majesty!" Argu hurriedly responded.
"Do you know why I chose to use this place as a place for the two of us to have a conversation?" Jerome Bonaparte turned his back to the window and smirked~www.novelhall.com~ Count Argoux shook Shaking his head, he really did not understand why Jerome Bonaparte would call him to the Elysee Palace to talk to him.
Mingming Tuin Leli Palace is a good place to talk.
"Five years ago!" Jerome Bonaparte stretched out five fingers, then pointed to the room in front of him and said to Count Argoux, "We met in this room, you were more energetic then!"
After Jerome Bonaparte said these words, an ominous premonition poured into Count Argoux's heart.
Your Majesty would not want to...
"Your Majesty, of course I remember you..." Count Argoux wanted to play an emotional card with Jerome Bonaparte.
"Hey! Five years have passed in a blink of an eye!" Jerome Bonaparte sighed and pointed at Count Argoux: "We are all old!"
As soon as Jerome Bonaparte finished speaking, Count Argoux felt dizzy.
If he was not sitting on the sofa at this time, I am afraid that he would have fallen to the ground already dizzy.
For Count Argu, the meaning of His Majesty the Emperor was already obvious.
Champs-Elyses, Elyses Palace.The crimson sunset shines on this ancient building with a history of more than 100 years, which makes this ancient building especially sacred.In this building that once represented the center of French power, a discussion about the direction of the French economy is about to begin.One of the two parties in charge of the discussion was the Count of Argoux, the current president who expressed the interests of the Banque de France part of the financial faction, and the other was the French Emperor Jerome Bonaparte, who represented the interests of the government.At this time, the Count of Argoux, who represented the interests of the Bank of France, was already ready in a room in the Elysee Palace, and Emperor Jerome Bonaparte never showed up.The time gradually came to around 5:20. A carriage, guarded by French dragoons wearing breastplates, stopped at the gate of the Elysee Palace. Jerome Bonaparte appeared in the carriage.As soon as Jerome Bonaparte got off the carriage, he stepped into the Elyse Palace, and the butler in charge of guarding the Elyse Palace hurriedly came to him."Which room is Count Argoux now, take me there!" Jerome Bonaparte said to the butler at a slightly faster rate than usual."Your Majesty, please come with me!" The butler hurriedly responded to Jerome Bonaparte.Under the leadership of the butler, Jerome Bonaparte quickly came to the door of a room."Your Majesty, the Count of Argoux is inside!" The butler said to Jerome Bonaparte as he opened the door for Jerome Bonaparte.The door was slowly pushed open, and Jerome Bonaparte took advantage of the opportunity to look into the room, and the Count of Argoux was indeed inside."Your Majesty!" After seeing the arrival of Jerome Bonaparte in the room, Count Argoux quickly got up and walked towards the gate.Jerome Bonaparte entered the room unhurriedly. When he came to Count Argoux, he stretched out his hand and said to Count Argoux, "Count Argoux made you wait for a long time!""No! No!" Count Argoux shook his head and responded to Jerome Bonaparte: "Your Majesty, in fact, I just came here, and I didn't wait long!""So it is!" said Jerome Bonaparte, glancing at the cup on the table.There was no heat leaking from the cup, so it could be concluded that Count Argu had been waiting for a long time."Sit down!" Jerome Bonaparte let go of Count Argoux's hand and invited Count Argoux to sit down."Thank you, Your Majesty!" Count Argoux returned to his original position, while Jerome Bonaparte sat directly opposite Count Argoux."Mr. Argoux, you should know why I called you here!" Jerome Bonaparte asked Count Argoux as soon as his **** was seated."Your Majesty, please take a look at this first!" Count Argu opened the backpack on the table to take out a document, and then presented the document with both hands."What is this?" Jerome Bonaparte, who received the information from Count Argoux, pointed to the information and asked Count Argoux."Your Majesty, this is the price situation in Paris in the first half of this year, as well as the number of banknotes issued by the Bank of France." Count Argoux replied."Oh!" Jerome Bonaparte nodded, looking down at the contents carefully.After a while, Jerome Bonaparte raised his head again and said to Count Argoux: "Yes, yes! The situation in the Paris region is still developing steadily and improving! This shows that our policy is still very successful!""Good? Success?" Count Argoux was stunned for a few seconds. He couldn't believe it. This sentence came from Jerome Bonaparte."Look!" Jerome Bonaparte put up the information on Count Argoux and pointed to the bread and meat column: "Look, the value of the bread in the first half of this year has only increased compared to the first half of last year. 3% or so, the price increase for meat is only about 4%."Your Majesty, 3% growth is enough for some Parisians to live on their own!" The Count of Argoux couldn't help but said to Jerome Bonaparte: "And this is only one area of Paris, the growth rate of other areas in France may be faster than It's even higher than this!""So what?" Jerome Bonaparte asked rhetorically: "During the war, price increases are inevitable! Besides, parts of the empire suffered from extremely bad weather last year. Even if There would be a small wave of growth without war!""Your Majesty, I understand that price increases are inevitable, but the situation facing the Empire is not just a problem of excessive price increases, but inflation! If this goes on, the money in the hands of the workers will not be able to buy bread! Excessive Inflation will lead to empires, facing a huge political crisis!Up to now, the entire Bank of France has sold nearly 300 million francs of small-denomination banknotes. If this goes on, I am afraid that the Bank of France will face the risk of running and going bankrupt! "The Count of Argoux pleaded with Jerome Bonaparte: "Your Majesty, the Banque de France is the lifeblood of the whole of France!" In the event of turmoil in the Banque de France...""Unstable?" Jerome Bonaparte showed a sly smile at the corner of his mouth. He knew the strength of the Bank of France very well, and naturally he would not believe Count Argoux's nonsense.Sixteen years later, the Bank of France was able to prepare 45 billion gold francs in a very short period of time, but the current Bank of France will face the risk of collapse due to the issuance of an additional 300 million francs of banknotes.No matter how you think about it, it's an impossible thing.The only possibility was that the Count of Argoux himself did not want to see the reserves stored in the Banque de France diluted.After all, even if only a very small number of people exchange paper money for gold, that is a lot of money.The Count of Argoux was very afraid that the paper money would be like the original revolutionary government's index, because the government's excess issuance would become waste paper.The French Revolution not only affected French politicians, but also some old banking families.The fathers of the bankers who lived through the Revolution, after seeing the revolutionary government recklessly used aggressive monetary tactics to cause massive inflation, the vast majority of them all became believers in conservative financial breaks, in their influence Bankers born before and after the Great Revolution rejected all radical strategies and wanted to build a sustainable and profitable institution.Jerome Bonaparte's shrunken Keynesianism is literally destroying a country for a banker who can't stand even Saint-Simonianism!Jerome Bonaparte even believed that if he was not the emperor himself, the theory he pursued could not have been implemented by the Banque de France.To put it mildly, Count Argoux was able to endure such a long time to attack him, which was considered enough respect for Jerome Bonaparte."That's right! Your Majesty, 300 million francs is already the limit that France can bear! If things go on like this, prices will face a sharp rise! The market will also fall into chaos!" Count Argoux told Jerome Powell said Nabal.Jerome Bonaparte pondered for a moment, then spread his hands and said, "Count Argoux, what do you think we should do now?"Hearing Jrme Bonaparte's question, Count Argoux thought the emperor accepted his suggestion, and he quickly said his "prescription for saving lives": "Your Majesty, I suggest that new additions be stopped immediately from now on. The issuance of currency, the government's efforts to reduce unnecessary spending, and cancel agricultural subsidies... Only in this way can we curb malicious inflation! Let our economy return to its original healthy value."As soon as Count Argoux finished speaking, Jerome Bonaparte stared at Count Argoux with wide eyes."Your Majesty, am I right?" Count Argoux looked at Jerome Bonaparte in confusion. He didn't understand why the Emperor looked at him with such an expression.wrong? Are you **** trying to hurt me!At this moment, Jerome Bonaparte roared in his heart.Jerome Bonaparte was all too familiar with the "good medicine" that the Count of Argoux used to treat economic expansion.This method of containment has an elegant name in later generations, that is, "shock therapy."All countries that have used shock therapy in later generations will, without exception, fall into chaos for a period of time, and the size of this chaos depends on the degree of market economy.In a country like France that has not even established a large unified market in this time period, most countries including the United Kingdom have not established a unified large market., using "shock therapy" is simply no different from suicide.Jerome Bonaparte didn't know whether the French market could withstand this life-saving medicine from the Count of Argoux. Anyway, the seat under his **** would definitely not be able to bear it.Jerome Bonaparte was certain that once he stopped issuing money and cutting government spending, deflation would await him.Deflation will lead to a lot of unemployment. I am afraid that the angry Parisians will not wait for the regulation in the mouth of the Count of Argoux, and they will go to the Tuin-lely Palace and directly pull him to the guillotine!"Count Argoux, do you know what you're talking about?" Jerome Bonaparte said in a stern tone: "If you do this, the whole of France will face mass unemployment! The angry people of Paris will put the two of us together. Straight up the guillotine!""No... No! Your Majesty, I calculated that as long as we..." Count Argoux wanted to explain to Jerome Bonaparte that his policy would not lead to mass unemployment."Calculation? If economic problems can be solved by simple calculations, then the mathematician who understands economics best in the world should be a mathematician!" Jerome Bonaparte said to Count Argoux with a stern face: "You just said Yes, inflation will cause turmoil, so I ask you, won't austerity cause turmoil! Jerome Bonaparte pauses, shakes his head No, it will create more scale turmoil!""Your Majesty, the bank no longer has enough reserves! If this continues, the Banque de France is likely to..." Count Argoux replied to Jerome Bonaparte."Reserves? I remember that the Banque de France has enough British bonds in reserve? Let the British Bank discount it!" Jerome Bonaparte said to the Count of Argoux: "And you are not with the Bank of England. Have you sniped the gold in the hands of the United States and Russia together? Is it a failure?""Your Majesty, just a few days ago, the Bank of England raised the discount rate of bills from the previous 45% to 5%! If we exchange the English bills we hold now, it would be a huge loss!!" Al Count Gu responded to Jerome Bonaparte."Five cents to five cents!" Jerome Bonaparte couldn't help raising his voice, "Why doesn't the Bank of England rob it?"For a bank like the Banque de France that holds the Bank of England's massive debt, every percentage point increase in discount means a huge sum of money being swallowed up by the Bank of England!An increase of 10% in one breath like England is simply not willing to let the Bank of France convert it."Your Majesty, this is actually faster than stealing money!" Count Argoux replied to Jerome Bonaparte."Don't worry! I will personally ask about this!" Jerome Bonaparte replied to Count Argoux: "By the way, you haven't told me what happened to the attack on the gold market in the United States and Russia. ?""Your Majesty, we are currently in a stalemate with the Bank of England and the United States and Russia. It is expected that it will take half a year to decide the winner! It is precisely because of this that the bank's reserves will flow to the market like water. Flow." The Count of Argoux expressed his dissatisfaction to Jerome Bonaparte implicitly."Okay! I already understand what you mean!" Jerome Bonaparte nodded, got up and walked to the window sill to look at the setting sun and said slowly: "Count Argoux!""Your Majesty!" Argu hurriedly responded."Do you know why I chose to use this place as a place for the two of us to have a conversation?" Jerome Bonaparte turned his back to the window and smirked~www.novelhall.com~ Count Argoux shook Shaking his head, he really did not understand why Jerome Bonaparte would call him to the Elysee Palace to talk to him.Mingming Tuin Leli Palace is a good place to talk."Five years ago!" Jerome Bonaparte stretched out five fingers, then pointed to the room in front of him and said to Count Argoux, "We met in this room, you were more energetic then!"After Jerome Bonaparte said these words, an ominous premonition poured into Count Argoux's heart.Your Majesty would not want to..."Your Majesty, of course I remember you..." Count Argoux wanted to play an emotional card with Jerome Bonaparte."Hey! Five years have passed in a blink of an eye!" Jerome Bonaparte sighed and pointed at Count Argoux: "We are all old!"As soon as Jerome Bonaparte finished speaking, Count Argoux felt dizzy.If he was not sitting on the sofa at this time, I am afraid that he would have fallen to the ground already dizzy.For Count Argu, the meaning of His Majesty the Emperor was already obvious.
