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Make France Great Again - Chapter 550

Published at 16th of January 2023 05:47:59 AM


Chapter 550: The age of credit is coming

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When Magnet nominated Count Gilles Lebesgue de Bemini as the new president (president) of the Banque de France, the Count Bemini was stunned for a few seconds, and then the corner of his mouth revealed involuntarily. A touch of joy.

It is necessary to introduce the background of our "lucky one" here.

Gilles Lebesgue de Bemini, born on 15 November 1799, French banker, politician, former member of the House of Commons (1832), Secretary of State for the Treasury (1840, then Minister of Finance Georges Hamann was his father-in-law), high official of the Loire (1842), high official of the Seine-Saône (1842-1845), participated in the establishment of the French Discount Bank (1848), and was also the Paris-Orleans Bank , Banque de France and many other shareholders, the Count of Bemini, with strong financial resources, joined the Banque de France in 1850 under the recommendation of Adolphe Fulder and became one of the board members of the Banque de France, and more importantly, in the At the beginning of the establishment of Societe Generale, Count Bemini also contributed a lot to Societe Generale.

After introducing the background, it is not difficult to draw conclusions.

The reason why the Count of Bemini was nominated by Magnet as president of the Banque de France was nothing more than his friendship with the Magnet-Fould-Perel alliance.

A more crucial point is that Count Bemini himself is a believer of Saint-Simonianism like Adolphe Fuld and the Perel brothers.

If the Count of Beminis were president of the Banque de France, the entire Banque de France would become a Saint-Simonian world.

[By the way, the current Bank of France has gradually formed three huge factions.

One of them is the financial conservatives headed by the Count of Argoux. They are the most powerful of the three factions (James Rothschild was originally the largest faction). Their point of view is: the government leaves the financial field and waits for it Market self-regulation.

Second only to Count Argu is Alphonse Rothschild of the neutral faction. They stand with whoever can lead their interests.

The last group is the members of the Saint-Simon faction represented by Adolphe Fuld. Their financial concepts are more radical than those of the financial conservative Count Argoux, and they are also more in line with Jerome Bonaparte's shrunk version of Keynesianism. . However, Fuld's credit economics seems a little too idealistic to Jerome Bonaparte.

In the absence of government intervention, the result of bankers' self-consciousness is the unrestrained speculation of history.

When the bubble expands beyond containment, the impact will also be borne by the government.

The Paris Mobility Loan Real Estate Bank in history is the most typical example. 】

Once the Banque de France becomes a Saint-Simonian world, those who advocate financial conservatism will probably be forced to the sidelines.

Thinking of this, some of the supporters of Count Argoux in the banker camp couldn't sit still. They could not wait to dismiss Mane's proposal in public, even if they offended the emperor.

However, since it is now a royal meeting, no one can interject without the permission of the emperor.

"Bemini!" Jerome Bonaparte pondered for a moment, then turned his gaze to the banker's Alphonse Rothschild and said, "Sir, what do you think of Bemini?"

Alphonse Rothschild, who was suddenly called out by Jerome Bonaparte, was taken aback for a moment, and then immediately understood the purpose of Jerome Bonaparte calling him out.

"Your Majesty, I think Count Bemini's own professionalism is beyond doubt! If he is the president of the Banque de France, the Banque de France will certainly be more prosperous!" Although Alphonse Rothschild said to the Bemini The count's economic ideas were not cold, but he had to obey the emperor's will.

"I see!" Jerome Bonaparte nodded in response to Alphonse Rothschild, and then turned his attention to the military representative, Minister Kuzan Montauban and Deputy Chief of Staff Nicholas. El said: "What do you think?"

How could Kuzan Montauban, who knew nothing about economics, know any economic ideas, but Kuzin Montauban knew that since His Majesty the Emperor did not object to Magnet's appointment, it meant that he still liked Bemini more.

Coupled with Alphonse Rothschild's support for Bemini just now, Kuzan Montauban was even more certain that the emperor was more optimistic about Bemini.

"Your Majesty, I'm a soldier! I don't know how to calculate the economic accounts. I believe that the Count of Bemini can understand this better than me!" Kuzan Montauban responded to Jerome Bonaparte. road.

As soon as Kuzan Montauban's voice fell, Niel said, "According to the news from the front, our army has occupied Sevastopol!"

Niel's remarks were like a blockbuster, hitting the imperial meeting place directly, and everyone present was shocked by Niel's news.

It's only been a week since the last (Alma) battle, and the Imperials have occupied Sevastopol.

"General Niel, is the news true?" Manet, the Chancellor of the Exchequer, asked Niel impatiently.

No one understands better than Mane what the capture of Sevastopol means for the French stock exchange.

Take the Battle of Armagh a week ago for example. After the victory of the Battle of Armagh spread to Paris, the stocks directly related to the military industry in Paris rose by 15% in just one day, and other stocks also rose respectively. Up 5% -10% range.

If the occupation of Sevastopol is true, the stocks around the military will surely usher in a new round of growth!

This time the growth was even more rapid than during the Battle of Armagh.

After all, Sevastopol is the first Russian city that France has occupied since 1815.

"It's basically true!" Niel nodded and said to Magnet.

With Niel's assist, even bankers who supported Count Argoux would not dare to oppose Bemini's appointment at this juncture.

Among the elite politicians who can stand in the Imperial Council, who does not know the economic policy of Count Argou.

Once the Count of Argoux is chosen to limit all unnecessary expenses other than military expenditures, it is very likely that the military affiliated system (for example: cannery, tobacco factory, steel factory) will be in a state of decline.

If the army can't win the next war, then the financial conservatives where Count Argou belongs will take the blame.

"Okay! Do you guys have any other opinions?" Jerome Bonaparte asked everyone present.

No one spoke. After a while, Jerome Bonaparte spoke again: "Since you don't speak, then I will acquiesce that you all agree! Mr. Bemini!"

"Your Majesty!" Bemini quickly responded.

"From today onwards, you will take over from Count Argoux's position as the President of the Banque de France! But let's talk about the ugly, if there is any turmoil in the Banque de France. I'll only ask you!" Jerome Bonaparte's expression Seriously said to Count Bemini.

"Please rest assured, Your Majesty! I will do my best!" Count Bemini responded.

With Bemini's assurances, the royal meeting was also drawing to a close.

"Okay! Let's end the meeting!" said Jerome Bonaparte to the courtiers under the steps.

"Yes! Your Majesty!" Mane and the others under the steps responded.



Just as Mane was about to leave the Tuileries Palace, the head of the palace, Mocar, stopped Mane.

Under the leadership of Mokar, Mane came to the door of a room.

"Your Majesty is inside!" Mokar pointed to the door and said to Manie.

Manet pushed open the door, and saw Jerome Bonaparte in the room, and Bemini, the new President of the Bank of France next to Jerome Bonaparte.

"Your Majesty!" Magnet, who was standing at the door, responded to Jerome Bonaparte in the room.

"Come here!" Jerome Bonaparte beckoned to Magnet.

Manet walked quickly to Jerome Bonaparte, only to hear Jerome Bonaparte sigh and say: "If you put aside Argoux's own economic philosophy and don't talk about it, in fact, Count Argoux himself He's still a respectable old man! We have also been favored by him in the past, but it's a pity..."

"Your Majesty, for someone like the Count of Argoux! If the economic concept cannot be implemented, it is better to kill him directly!" Magnet excused Jerome Bonaparte: "Rather than let him stay in France tormented. In the position of president of the bank, it is better to let him leave this position!"

"Hey!" Jerome Bonaparte sighed, and then asked Magnet and Bemini: "Do you know about the Bank of England's increase in discounts!"

"I know!" Magnet and Bemini nodded to Jerome Bonaparte at the same time.

"What do you two think?" Jerome Bonaparte gave them a slightly surprised look, and then asked Manet and Bemini.

"Your Majesty, please be blunt! The Bank of England's interest rate hike is actually expected!" Mane said calmly.

"Why?" asked Jerome Bonaparte.

"Recently, the Count of Argoux has withdrawn nearly 5 million pounds of gold from the Bank of England!" Mane said in a surprising voice.

"Five million pounds? Gold?" Jerome Bonaparte said in a slightly surprised tone.

"That's right! The bank under the Count of Argoux slammed the sale of English bonds into gold in the English market, and the Bank of England was forced to increase discounts to recover losses!" Magnet nodded and responded to Jerome Bonaparte.

"Argoux didn't even tell me about this!" Jerome Bonaparte said to Magnet, frowning. UU Reading www.uukanshu.com

After a long time of trouble, it turned out that the Count of Argoux, the president of the Bank of France, was dissatisfied with England because he exchanged too much gold.

"Perhaps Count Argu has forgotten it!" Manet slandered without expression.

"Forget it! Since Count Argoux has retired, let him enjoy a glorious old age!" Jerome Bonaparte decided not to embarrass Count Argoux: "Mr. Bemini!"

"Your Majesty!" Count Bemini hurriedly responded to Jerome Bonaparte.

"Your first task now is to negotiate with the Bank of England to readjust the discount rate, and make sure they reduce the discount to less than 5%! As for Count Argoux..." Jerome Bonaparte paused, "Wait a minute. I'll go over and talk to him in person!"

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