Bulgarian Empire

As soon as Bulgaria's coastal defense battleship was born, it was favored by the Admiralty, and five orders were placed in one go. Unfortunately, it was directly rejected by Ferdinand!

Just kidding, the era of dreadnoughts is coming soon! Although the performance of this coastal defense battleship is good, and the combat effectiveness of the old battleship is equal, but in addition to escaping against the Dreadnought, the decisive battle is basically to give away food!

In theory, if there are five or six ships, they can still compete with a dreadnought ship. Of course, as long as Ferdinand is not stupid, he would not do that!

The battle between coastal defense class battleships and dreadnoughts is not only surprisingly costly, but it is also equivalent to joking about the lives of naval officers and soldiers!

In fact, now Ferdinand has decided not to continue building new warships except for small warships! He planned to wait for the British Dreadnought to come out and wait and see before deciding whether to advance.

Now that the British have not joined the Allied Powers, this is the time when the French need allies the most. Now, if you ask the French for help, they will not refuse, especially to increase their military strength!

Now the strength of the three-nation alliance between Germany, Austria and Italy is half a catastrophe compared to France, Russia and Russia, but the bears have gone to the Far East without doing their jobs properly, and they are going to die with the Japanese. The pressure on the French in Europe 6 can be imagined. And know!

In history, the Russian naval industry was helped by the French to successfully overcome the technical difficulties of the dreadnought. Ferdinand would not mind learning!

Although Bulgaria is still a six-power country, for long-term planning, the navy is also an indispensable part of Ferdinand's strategy!

Even if it can’t be compared with the big powers, it’s only second to the first few. The ability to protect Bulgaria’s overseas business investment cannot always be covered by the relationship of allies, right?

First is the Bao-Russian Alliance, and then the "Three Nations Agreement." You can't always chase behind your allies, right? After a long time, does Bulgaria still need international status?

...

Time passed in a hurry and entered 19o7 in a flash, at which time the Russo-Japanese War had come to an end.

Both the Japanese and the Russians are exhausted. Due to the use of new weapons, the military expenditures of both sides are far from the same period in history!

Since both sides can't stand it anymore, of course they have to negotiate. The British and French have been very active.

The French need the Russians to share the pressure on Europe's Big Six; while the British, aside from the strategic point, they are afraid to continue economically, the Japanese really can't pay their debts!

In the original time and space, after the Japanese-Russian War, the Japanese government's foreign debt reached 2.4 billion yen (approximately 245.76 million pounds, .75 grams of gold). Now they owe the British people as much as 360 million pounds, and they owe the United States. People's money is 90oo million pounds!

The total debt of the Japanese government has now reached nearly 500 million pounds. Now the Japanese government pays more than 80 million pounds every year for just paying interest!

There is no way, whoever allows the Japanese to borrow during the war is an international loan shark. Of course, the interest rate will be higher. The consortium will not care if the Japanese government can afford it!

Not to mention the Japanese government, even the British government can't afford such high interest! Can the Japanese government's fiscal revenue now afford interest?

Ferdinand said that he was very worried about the Japanese. Because of his butterfly effect, the Japanese military expenditures almost doubled, and the interest expenditures more than tripled!

No way. After Ferdinand ignited the bond fire, the London consortium used bonds to take advantage of the fire. The yield was higher than that of loans. The bonds could also be sold to individuals to facilitate risk transfer. So the Japanese Just suffered!

The historical interest-free loans and low-interest loans are all gone, and the rest are usury bonds. To use an old Oriental saying, "nine out of 13 return"!

No, the Japanese government will not get a 10% discount, even a 20% discount, but the 13th home seems to be coming soon!

It wasn't until the later stage that the consortium suddenly appeared to be playing hi, and the Japanese government seemed to have no ability to repay, and then closed its hands!

This frightened the London government. They are the guarantors of the bonds. If the Japanese can't pay the money, the British people who bought the bonds will ask them for money!

As for the consortium, it is of course the same as Ferdinand. After sensing the danger, it escaped?

The bonds have been sold to individuals in advance, anyway, with the guarantee of the London government, everyone will once again commercialize each other, it is enough to fool the people!

With the joint efforts of everyone, the Japan-Russia negotiations officially started in Shanghai on February 12, 1907. According to Ferdinand's knowledge, the negotiations were deadlocked from the beginning.

The Japanese also expect to receive war reparations from the Russians to repay foreign debts.

Unfortunately, after the victory of their navy, the performance of the 6th Army can only be said to be quite satisfactory. In order to win the Lushun Port, under the cover of naval guns, the 6th Army's casualties still exceeded 100,000!

Later, the Japanese fought the Battle of Liaoyang again, and the result was even worse. The Teddy Bear, who had slowed down, was not so easy to deal with. The Japanese 6th Army used the force of milking, and the two sides also drew a tie! Japan and Russia each suffered more than 100,000 casualties, and ended up with a loss for both!

The Russians are not the ones who just get beaten and never fight back. They fight back whenever they have a chance. It's a pity that the Russian commanders in the Far East are not good at abilities, and they have missed their fighters several times!

Many pre-planned plans are always falling off the chain at the last moment, but let the Japanese army find an opportunity to catch them by surprise!

After more than three years of fighting and killing like this, the casualties of Japan and Russia are in the hundreds of thousands, but the 6th Japanese and Russian Army still has no victory or defeat!

With Mao Xiong's personality, don't even think about things you can't get on the battlefield at the negotiation table! Anyway, the czarist government believes that the Japanese are now exhausted, so let's do it if you don't accept it!

In fact, this is indeed the case. Is the Japanese standing army only more than 300,000? The number of casualties on the battlefield in the Far East has now reached 500,000. The number of domestic mobilizations has already passed one million, but victory is still far away!

The Japanese are uncomfortable, and the Russians are not. The Japanese government is heavily indebted, but where can the Russian government get better?

Everyone borrows money to fight. The French are willing to lend money to the Russians to expand their armaments, but it does not mean that they are willing to support the Russians’ Far East strategy. The money masters are now urging them to return to the European Big Six?

How to fight without money? This is a common issue facing Japan and Russia at the same time, so the two sides have contacted a few times with shame, and no one can make the other party compromise, and in the end simply maintain the status quo!

Now it's time to wave a bull. Under the diplomatic mediation of the British, the two sides decided to take a step back and not to say anything about their interests. It was done according to the pre-war "Portsmouth Peace Treaty"!

In general, Japan and Russia had a pk in the Far East, each with five to six hundred thousand casualties, and then a battle was fought in vain, and everything went back to the original point!

In addition to winning a victory over foreign countries, the Japanese also increased their foreign debts of more than four billion pounds (the 500 million foreign debts, including the previous debts), but the historical dominance of the beautiful things in Northeast China, don't think about it!

The Russians are not much better. Although their domestic class contradictions have eased due to Ferdinand’s butterfly effect, the internal losses caused by this revolution are much smaller, but the military losses are much greater. Cancel each other out!

Economically, it is similar to the Japanese government, and everyone is heavily in debt. What is better than the Japanese government is that although they have more debts, they have to pay much less in interest!

In this regard, the French allies are still more kind than the British, which is also caused by the difference in the status of the two sides! France and Russia are equal, but Britain and Japan are not at the same level!

The Far East pattern that the British most hoped for appeared. Japan and Russia suffered both losses, and they were unable to compete for hegemony in the Far East. The British once again became a big strategic winner!

Oh, Ferdinand's goal has also been achieved. He has been displeased by the Japanese government, and this time he was half-failed by him.

Let alone the casualties, even if it doubles, it is estimated that they will not feel distressed!

But the military expenditure, UU reading www.uukanshu.com, caused the Japanese government to collapse. With the current fiscal revenue of the Japanese government, there is only one way to repay foreign debts, which is to borrow new debts to repay old debts!

Ferdinand doesn't know when they will be able to pay it off, maybe after the First World War, maybe even later, but don't even think about them if they have such a status in history!

Strategically, although the Japanese succeeded in smashing the Russian Far East strategy, the strategic goal of dominating the Northeast is now impossible to achieve, and they even have no strength to suppress the Manqing!

Anyway, the desired market is gone, and it is even more difficult for them to develop their industries!

The most important thing is that Bulgaria's debt crisis no longer exists, and the Black Sea Fleet that was obtrusive is gone, and the control of the Marmara Sea falls into Bulgaria's hands!

Moreover, the Russians can no longer suppress the Bulgarian exhibition anymore! Although the tsarist government did not suppress the Bulgarian exhibition before, but at that time Bulgaria was too weak, and it was still surrounded by enemies, and it was not worth their suppression!

On the side of the couch, how can you allow snoring?

If Bulgaria had the current strength before, the relationship between Bulgaria and Russia would not be so wonderful!

But now it is different. The weak nature of Russia has been exposed. In the face of the military pressure from Germany and Austria, the Tsarist government was a little bit overwhelmed. They had to win over Bulgaria to share the military pressure!

In addition to the benefits at the national level, Ferdinand is also a bumper harvest in the financial market!

He successfully used the prophetic foresight and hit the Japanese fiercely, and this figure is in units of ten million pounds!

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