In London, due to the plummeting domestic food prices, the capitalists who signed contracts with the Russians were no longer prepared to fulfill their contracts.

It is definitely not possible to breach the contract clearly. It not only violates British law, but also involves diplomatic issues.

Moreover, these grain purchases are used to repay the Russians' domestic bank debts. All the early loans have been released. If they default, the Russians can also legally default on their debts, and the bankers will definitely not agree.

Take rye as an example. The price of rye on the British market is about 6 to 7.5 pounds per ton. The agreed price in the contract signed with the Russians was as high as 9.1 pounds per ton.

This means that in this transaction, they not only cannot make money, but will instead have to lose money.

Of course, even at a price of £9.1 per ton, these capitalists will not lose money. The added value of the product after processing is enough to offset these price differences.

However, qualified capitalists are definitely unwilling to suffer this loss, which means they will make less profit of 1.5 to 3 pounds per ton of rye.

It seems that this number is inconspicuous. If it is enlarged to tens of thousands of tons or hundreds of thousands of tons, it will be an astronomical number.

It is not difficult for capitalists to not be able to directly rely on the debt. Members of Congress do this job, and guiding public opinion is also a good way. In short, you must find a reasonable and legal reason to rely on the debt.

The anti-Russian wave is rising, which is not a good thing for the newly appointed Gerston Cabinet.

The "GBP-Gold System" established the hegemony of currency. If the Russians were forced out at this time, they would be immediately defeated.

The last government almost turned around in the general election with this political achievement. If they hadn't found out the old accounts in time and encouraged the families of soldiers who fell into the British-British War to cause trouble, perhaps Gerston would not have been able to move into Downing Street.

After throwing away the newspaper in his hand, Prime Minister Gerston kept complaining: "Damn it, I'm not at ease when I leave, and I left such a bomb for us!"

This kind of thing is very common during the change of leadership. Everyone is a member of the Conservative Party and the Liberal Party. They are innately opposed in politics, and their identities determine their position.

How can you let your party win the election later if you don’t cheat on Gerston? If you are in a different place, Gerston will probably make the same choice.

Anyway, it was all within the rules of the game. The mess left by Benjamin's cabinet was completely in line with the law. Gerston was powerless except to complain privately, and he could not even use this question to accuse the previous one.

"Prime Minister, the biggest problem now is not those people outside, nor those members of Congress, but those capitalists don't want to fulfill their contracts.

At the current price of food, according to the treaties signed with the Russians, they may earn millions of pounds less each year, even if they are divided, it is not a small amount.

More importantly, this is not a year, but a five-year continuous period. If something happens in such a long time, they will be replaced by someone."

While speaking, Chancellor Laluk Royd picked up the newspaper on the ground, folded it twice, then tore it apart and threw it into the trash can.

Obviously, he is not as easy as it seems. In the face of interests, it is too difficult to make capitalists give in.

Even if the government wants to take measures, it cannot find an excuse. From beginning to end, these people are hiding behind the scenes, and those who charge outside are agitated farmers.

Everyone attributed the reason for the plummeting grain prices to the UK-Russian grain loan agreement, believing that this is a sequelae caused by the government's interference in the market.

It is obviously the political achievements of my ex, but now they need to clean up the mess. It is still the kind of person who does it well without credit, and will be scolded if he doesn't do it well.

After calming down, Prime Minister Gerston sat back in his position and asked, "What do they want? Breach of contract is impossible. Now we still need Russians."

The pound hegemony system has just been established, and the reform of the Russians' gold standard system has just begun. They cannot turn against each other until they are completely bound to the Russians.

This takes at least five or six years, so the loans from Britain and Russia last for five years. The London government bound the Russians through loans. It cannot be said that it is a loan, and it is more appropriate to describe it as a grain transaction contract.

Compared with the huge benefits brought by monetary hegemony, the losses of these food capitalists are not worth mentioning. Although most of this political achievement was taken away by the previous term, Gerston still wanted to continue.

Otherwise, domestic bankers will send him to see God. Don’t think that the United States has the habit of assassinating the president, and British capitalists dare to do so.

However, now the British aristocrats still have a certain amount of strength. Capitalists cannot fully control the government, otherwise they will not do anything about the roundabout work.

The era of large monopoly is approaching, and it is not far from the time when capitalists explode. When one consortium after another is established, it will completely enter the era of oligarchy.

Relatively speaking, the British Prime Minister in this era was still happy. In the era of oligarchy, politics became a game of capital, and that was the real tragedy.

"They want the government to invest in this batch of food and follow Austria to establish a strategic food reserve. There is no problem in theory. Britain is just an island country, with limited grain output and no big problem in reserve a batch of food."

Britain in this era is at its peak, and it is the most suitable for describing them.

Even though the London government was already in high debt due to the war, they were not panicked at all.

The huge wealth brought by the colonies was enough to make them easily cope with it, and they even had the spare time to spend some money to establish a strategic reserve system.

Gerston did not object, and although he did not think that Britain had the need to establish a strategic food reserve, he was not prepared to stop everyone from getting rich.

Britain's most prosperous era is also the most corrupt era. Once such a large project is promoted, it will bring about a lot of wealth.

Gerston smiled indifferently, put his hands on the table and his palms upwards: "If they can convince Congress to allocate funds, I have no objection."

Obviously this is impossible. If you were confident of persuading Congress to allocate funds, the capitalists would have done it long ago and would not have done so many things.

To put it bluntly, the food capitalists involved have limited voice in the British capital market, and they cannot even represent the food processing industry.

There are indeed people in Congress, but it is still very difficult to control Congress’s resolutions. If you don’t say anything else, your competitors will not let them get what they want.

The momentum that can appear is all based on the current social environment. If it weren’t for the plummeting domestic grain prices, so many farmers would not have been able to organize to participate in the parade.

Chancellor Laluk Royd shook his head: "If Congress can be convinced, they will not come to us. They made a promise that as long as the plan is passed in Congress, we will sponsor our £200,000 campaign funding.

In addition, there are other benefits. The specific details are not convenient to explain clearly, and communication is required in private."

Politics also needs money to support, and there are many behind-the-scenes transactions hidden behind every election. If there is only investment and no return, who would sponsor it for free?

If there is no income, how can a political party survive? If there is no money to support the campaign team and the public's favorability, how can we win the election?

In the face of reality, politicians usually have low moral integrity. Prime Minister Gerston is no exception. Political parties need capital support and both sides have been intertwined from the very beginning.

...

Driven by the Liberal Party, on October 21, 1872, the British Parliament narrowly passed the proposal to establish a strategic food reserve.

On October 24, the London government stopped UK-Russia grain loan transactions in order to stabilize the domestic food market.

After some symbolic negotiations, the London government was very reluctant to buy food within the scope of the treaty at a price higher than the market price.

There is no doubt that this is all for the public to see. The real reason is that the government took over the loss in order to cure the aftermath for the food capitalists.

The British and Russian transactions were still going smoothly, and Franz was not disappointed. The benefits brought by monetary hegemony were even greater, so the London government naturally knew how to choose.

The only unexpected thing was that he did not expect that the British would establish strategic food reserves. You should know that the Royal Navy was roaming all over the world, and no country could match it in the world. The enemy that could block Britain did not exist at all.

These changes are all minor problems, and the ultimate goal is achieved anyway. Although it has not been able to disrupt the trade between Britain and Russia, the collapse of the international food market has caused great damage to the agricultural vitality of European countries.

There is no saying of food subsidies in this era, and even various taxes cannot be lost. If the government is willing to reduce and exempt agricultural taxes, it pays attention to people's livelihood.

For big farmers, the agricultural crisis is a great time for mergers. Why should agricultural tax be reduced and exempted? Without these taxes, how can farmers go bankrupt as soon as possible? How can farmers go bankrupt if they don’t go bankrupt, how can they engage in land mergers?

Tax cuts are inevitable, but after everyone completes the land merger, they will be cutting off their financial path.

The large-scale bankruptcy of European farmers was also what Franz wanted to see, and the Austrian colonies were short of people.

He doesn't want immigrants from Britain and France, and he doesn't expect immigrants from Portugal, Spain and the Netherlands. The remaining countries can always make their own decisions.

Today is different from the past. Austria's rule in the colonies has stabilized and can completely digest some of the foreign immigrants.

Unlike in the early days, Franz dared not accept immigrants from other countries except for local immigrants and German immigrants.

I am afraid that people will be the ones who will be the ones who will be the ones. When it comes to national assimilation, it is usually the case that there are many people and few people. It is not easy to do the opposite.

This can be considered as a replacement for people with food, which is equivalent to Austria selling out a batch of grain and replacing a batch of labor.
Chapter completed!