In the era of gold standard, it is absolutely impossible to not have enough reserves. Don’t think that Britain, France and Austria are allies. Once there is a problem with the reform of the French currency, the first one to take advantage of the situation will be Britain and Austria.

This does not mean that other countries are kind to France, but mainly because they are not strong enough to be unable to afford France. In this world where cannon range is axiom, there are still many benefits to having a big fist.

Napoleon IV asked in confusion: "Gold prices have always been at high levels, which will also have an impact on Britain and Austria, right?"

Both the pound and the ASUS are gold standard. The price of gold rises, and the pound and the ASUS also rise. The increase in the currency value will also affect the export trade between Britain and Austria.

The Chancellor of the Finance Minister Allen replied helplessly: "Your Majesty, the main international settlement currencies are the British pound and Aegis, and the impact of the increase in currency value on them has been minimized.

On the contrary, we are even more at a disadvantage. Affected by changes in the currency value, more and more capitalists choose to hold pounds and ASCH, and the market share of the francs continues to decline."

This is the power of monetary hegemony. Although ASUS and pound are competitors, their interests are consistent in maintaining the gold standard.

In addition to market share, Britain and Austria also occupy a large share in the international import and export trade market, and countries have to hold large amounts of pounds and ASCH.

In the later generations, the United States had similar monetary hegemony. Even though they knew that holding a large amount of US dollars would be sheared, they had no choice but to do international trade.

Unlike other countries, they can make concessions on currency issues and seek support from Britain and Austria to complete the gold standard reform. France can only stand it to the end.

This is not just a matter of face, but also involves international status and a large number of interests. Once the Paris government surrenders, the world will no longer be dominated by the three major countries, but will be divided into two parts of Britain and the Olympics.

There is no doubt that the Paris government must not compromise on this issue, otherwise the French people outside would kill the traitors.

After wandering for a few steps, Napoleon IV said fiercely: "Since you can't buy enough gold from the international market, then find a way from the country to replicate gold and silver.

Selling silver to exchange for gold, don’t they want to speculate on the price of gold? Then we will also speculate on it. The gold-silver exchange ratio in the market is only 1:23.5, so let me trade until 1:30, or even 1:40.

Gold prices surged against silver, and the value of pounds and ASUS currency will also surge, exceeding the market's limit. We are not afraid that they will not sell gold and calm the value of the currency."

This is a way of losing both sides. The sudden surge in currency value will inevitably affect export trade. Britain and Austria are not feeling well, and France, which is also not easy to live in a replicable state.

Except for a few financial capitalists who can make profits, it can be said that there will be no winners. All participating countries in international trade are victims of instability in currency.

I have to say that Napoleon IV is cruel enough to not let me join the game, so I will overturn the table and no one wants to play happily.

The Chancellor of the Finance Minister Alan hurriedly dissuaded: "Your Majesty, you must not. We have not completed the currency reform yet. The first thing that hit the sharp rise in gold and silver exchange ratio was the franc.

If they do not compromise and allow the market to hit, the Franc's credit system will be ruined first. Countries that have not completed the gold standard reform will suffer heavy losses.

For Britain and Austria, it is acceptable to exchange short-term economic losses for the establishment of the gold standard system."

It is not the era of free trade. As the two largest colonial empires in the world, the largest trading partner of Britain and Austria is their own colonies.

No matter how much impact the currency value increases, as long as the internal circulation system is not chaotic, Britain and Austria can still withstand it.

Moreover, there are many countries that have completed the gold standard reform. The currency values ​​of our country have changed simultaneously, and they will not affect trade after offsetting the impact of each other.

On the contrary, the country has a more miserable state in the gold and silver system. The sharp changes in the exchange rate directly make many import and export companies unprofitable, and may even lose money and gain publicity.

Foreign Minister Montero echoed: “Allen is right. If we follow the price of gold, we will be trapped by the enemy.

If the gold reserves are insufficient, we can also find ways from other countries. There are also many countries that have not completed the gold standard reform now, and we can completely expel enough gold from them."

Napoleon IV nodded thoughtfully to express his approval. I am not dead, but as long as I can solve the problem, he doesn't mind which method to use.

When European countries reformed the gold standard in the original space and time, due to the lack of sufficient reserves, they finally solved it by plundering from outside.

Now history has returned to its original trajectory. The French Empire, which had been silent for many years, is about to reveal their fangs to the outside again.

...

The French have not had a big gap in gold, and they can solve the problem through external plunder, so other European countries will not do it.

Not every country has the strength to solve problems through colonial plunder. More countries have to choose to compromise with Britain and Austria in exchange for support from both countries in currency reform.

At the Vienna Palace, Franz felt a little unreal when he looked at the bright situation in front of him. Isn’t this a joke for the British to share currency hegemony with Austria?

The John Bull, who had no action, gave Franz a headache. He believed that the British must be planning some conspiracy, but they were not discovered.

Maybe there is paranoia for being killed! It is always right to be vigilant, and it is better to be in vain than to suffer losses if you are not prepared.

...

As winter goes and spring comes, the earth exudes vitality. Every year, Franz takes his family out for an outing.

This year is no exception, but the destination this time is a bit special. An ancient and legendary city in Jerusalem is the end of this event.

Because the destination is too special, there are more participants than usual. For example, the elderly Grand Duke Carl, Empress Dowager Sophie, and the abdicated uncle Ferdinand I.

This puts Franz on a lot of pressure. These old guys are all very old. If there is a slight accident on the way, he will go back to the house to hold a funeral.

Persuasion is impossible, and people are truly believers. Just as my uncle Ferdinand I said: My greatest wish is to put the Habsburg flag in Jerusalem.

Well, many generations of Habsburg emperors have said the same thing, but they were not lucky and encountered the Ottoman Empire at its peak and failed.

Now the opportunity has come, and they can't hold it back. Even the honest father, who has always been indifferent, said that if he dies in Jerusalem, he will be with God.

If Franz hadn't stopped him, they would have run over as soon as the armistice treaty was signed. Franz was also helpless in the face of a group of religious scoundrels.

Since Austria recovered Jerusalem, there have been many people from European countries who have made pilgrimage to Jerusalem. Not to mention the city, tents have been set up even outside the city.

In order to solve the accommodation problem of pilgrims, the Jerusalem City Management Committee was forced to change all the original demolition and reconstruction plans, and repaired and rebuilt the buildings in the city.

Most buildings have been converted into hotels and hotels, and they have been renovated in the shortest time and then opened to the public.

Before Franz could react, Jerusalem became the most famous tourist city in Austria, and all publicity, planning and advertising were unnecessary.

This time I went to Jerusalem for the crowning, mainly to show off, so the show was naturally small.

In order to prepare for this grand ceremony, the Vienna government also invested a lot of manpower and material resources at all costs. Franz estimated that the final expense might be as high as tens of millions of Syrians.

Don't think it's expensive, these investments are worth it. Not to mention anything else, after the recovery of Jerusalem, Austria's rule became more stable. In the face of this good news, there was no market for messy and thought.

This is just the domestic and international reputation of Austria has also soared. The growth of soft power cannot be measured by money.

On April 3, 1875, Franz and his family set out from Vienna and embarked on the road of pilgrimage.

As soon as he got on the train, he had frequent accidents. First, his uncle Ferdinand I was sick. Well, this can only be considered a small problem. He had to get sick every day, and everyone got used to it.

Then her mother, Empress Dowager Sophie, fainted again. After a storm, the doctor gave the answer: the train was too fast - motion sickness.

There is no need to say, then slow down! The special train Franz was riding is the fastest train of this era, and in theory it can run as fast as 80 yards.

Of course, this is limited to theoretically speaking, the railway is not flat. If you encounter a mountainous detour, you will definitely not be able to run so fast. The average speed is only about forty or fifty yards, which is considered fast in this era.

After slowing down, the situation improved a lot. It was delayed until the next day, but it arrived in Venice the next day, and the transportation was affected.

This is just a small problem. It is nothing more than the railway from Venice to Vienna that was closed for one more day, and the loss was not huge. The test in Venice really began. In addition to Franz, the seasick emperor, there was also a family of old, weak, women and children.
Chapter completed!