Bulgarian Empire

For Bulgaria's "Million Kilometer Road Plan", the outside world does not buy it. Many people speculate that this is just a fig leaf thrown by the Bulgarian government. In the end, this project will probably end without problems!

But it quickly became dumbfounded. On February 1, 1922, the Bulgarian Infrastructure Investment Group began to issue bonds. Although the interest rate was horribly low, wouldn't it be consistent with bank deposit interest?

In addition, the security of the bond is still guaranteed, and it can be directly used as currency to circulate in the market. This allows many patriots to join in. Anyway, the benefit is the same as the deposit bank. You can directly use the bond as a lev if you are short of money!

Economists have not yet reacted to it. When the Great Depression continued and countries used money printing to alleviate the financial crisis, everyone suddenly remembered that Bulgaria was already issuing excess currency!

Just because it was issued in the name of a bond, the amount of money normally circulating in the market has increased, but it did not affect the value of Lev.

After all, Lev's currency value is linked to gold, Bulgaria's gold reserves have not decreased, and currency circulation has not increased!

The currency value of the bond is actually maintained by the credibility of the bank and the support of the people for this project! In essence, it is already the currency of the credit system, but it does not rely on national credit!

In the absence of currency depreciation, increasing the currency that can be circulated on the market will inevitably stimulate economic development in the short term.

Of course, Ferdinand is also aware that this flow cannot increase too much, otherwise inflation will break out in the country, so the first batch of bonds only issued two billion levs.

Finally, the investment company invested 1 billion levs, plus 20 levs of bonds, and the 10 billion levs provided by the bank, which is the first year of investment.

It still maintained Bulgaria's consistent high efficiency and directly adopted the "three-sided project". The construction of the project started at the end of February, and the curtain was kicked off with lightning speed!

The eyes of the world have been attracted, and now no one doubts the Bulgarian government’s determination to promote this project!

Tens of billions of funds have been invested. If the project fails, it will be enough to hurt Bulgaria!

On the other hand, the secret talks on loans between Russia and Russia were also covered up. Of course, whether they were known by the British and French intelligence agencies, this is still an unknown number, at least on the surface they have not discovered.

On January 25, 1921, the two countries signed an agreement. The Russian Empire used the Ukrainian region as a mortgage to loan 10 billion lev from the Bulgarian syndicate.

This loan is fully operated in accordance with internationally accepted standards. The monthly interest rate is 6.5 per thousand. The interest is calculated by compound interest. The principal and interest are repaid in 30 years, and the principal and interest of the first year are deducted. In fact, Nicholas II took The money received was only 8.76 billion levs.

Don’t think it’s expensive. There are also cheap loans, but additional conditions are required. In fact, often the cost of additional conditions is much higher than the interest on the loan itself!

Otherwise, why did Ferdinand raise interest rates up to 12% when he issued bonds, and he didn't look for bank loans?

After the Bulgarian and Russian loan conditions were agreed, the Bulgarian government also officially obtained the sovereignty of the Libyan province of Pisa and the Crimea Peninsula.

The governance of the two places has become a problem for Ferdinand. Assimilation is a must, but how to assimilate must be skilled!

In fact, these two areas were infiltrated by Bulgaria as early as the outbreak of the Japanese-Russian War. After so many years of operation, there are not a few local Bulgarian investment and construction factories.

Coupled with the long-term civil war in the Russian Empire, which brought heavy military and economic burdens to the local people, the reception work went smoothly.

Neither the nobles nor the civilians troubled Ferdinand on this issue, but the subsequent governance was in trouble. Since there was no cleansing, the local local powers were completely preserved.

Now they still support Bulgaria. This support is largely forced. Most people may not really agree with Bulgaria. The main reason they want to join Bulgaria is to find a safe haven!

Bulgaria's low taxes and stable social environment are one of their choices!

There is no choice. The czarist government sold the local sovereignty, and the transaction is a foregone conclusion. When the locals get the news, the Bulgarian army has taken over the place, and there is no strength to resist?

Naturally, Ferdinand was not worried. When he was there, no one would dare to rebel or fight for independence. Maybe the future might be!

Not every generation of kings has his prestige, and not every government is a hawk. If you can say it is courageous, you will suppress it, or you will start a war if you start a war!

"Prime Minister, the Libyan Province of Pisa and the Crimean Peninsula, what are you going to do?"

Taking into account the limitations of the times, Ferdinand decided to throw this issue to the cabinet first. If it doesn't work, he is thinking of a way!

Constantine thought for a while and said, "Your Majesty, considering the strategic value of the two places, we must be stationed with heavy troops. The success of the locals who want to rebel is not high.

Presumably smart people know that if you oppose us now, you are looking for death, so we don't have to worry about finding a partner in the local area!

In the field of culture, the government plans to fully Bulgarianize the local area; in the field of industry and commerce, we will also find ways to suppress local capitalists and allow domestic enterprises to control the economic lifeline of the two places.

Through economic control, cultural identity, and the two-pronged approach to complete the assimilation of the local area, but this time is a bit long. I am afraid that it will take 20 to 30 years for the new generation to grow up before they will be fully assimilated! "

Ferdinand nodded, slow down! Cultural assimilation cannot be achieved overnight. Even if the local culture is very close to Bulgaria, it still takes time for the locals to completely abandon the tradition and accept the new cultural system!

Ferdinand wants to develop with peace of mind, but it is a pity that some people are not willing! At 10 Downing Street, London, a conspiracy is going on here, not just against Bulgaria, but against the major powers in the world!

John Bull’s nature reappeared. With the drastic increase in military pay and the improvement in the level of military welfare benefits, the British Army still used the strength of their great powers and suppressed the Egyptian uprising and India’s non-violence. Non-cooperative sports.

The colonial rebellion was suppressed, and the London government suddenly became idle again. The idle John Bull naturally found something to do.

Suppressing competitors and maintaining the balance of the European continent is their consistent national policy, but now this balance has obviously been broken!

The Russians were caught in a civil war. Although India, the treasure of the British Empire, was safe, their pre-determined tripartite protection of Russia and France on the European continent could no longer be realized.

Later, they came up with a plan that was to allow France and France to compete for the supremacy of the European continent, with the British Empire in the middle as the referee, and continue to maintain the balance of the European continent.

As a result, Bulgaria retreated and helped the Austro-Hungarian Empire stabilize the situation. The conflict of interests between the two countries was completely separated by the Austro-Hungarian Empire.

The French are now the dominant family in Western Europe. It is difficult to find an enemy that can check and balance them. Once they recover from the war, the battle between Britain and France is indispensable!

Bulgaria dominates the Near East and is engaged in construction behind closed doors. It seems that there is no threat in a short time, but what about the future?

Who can guarantee that Bulgaria has never been ambitious, and in their opinion, Ferdinand is scheming. Now that the British Empire is strong, Bulgaria has chosen to give in. What about the future?

Once the British Empire is in trouble, Bulgaria will probably be the first to jump out to grab the Suez Canal, and even print the idea of ​​degree!

Geographically, both places are threatened by Bulgaria! It is very necessary to take precautions before they happen!

There is also Japan in the Far East, which is repeatedly testing the strength of the British Empire and must be suppressed.

In terms of strength, the British Imperial Navy is greater than the sum of these three, and the industrial strength after adding the three North American countries also exceeds the sum of these three.

However, the British Empire’s army is not comparable to any of these three, and the air force is not in their consideration!

Going directly shirtless is not the style of the British Empire, and it has also been confirmed that this is the most effective way. The lessons of the world war have just passed, and everyone still remembers it.

Lloyd-George has been in a good mood recently, otherwise he would not have the mind to hold a national policy meeting and find a way to combat the three main competitors!

...

This is undoubtedly a simple and complex problem with very simple means, but it is very troublesome to operate.

Foreign Secretary Gray said: "There are many ways to suppress these three competitors, but very few really suit the British Empire.

Given the domestic economic situation, we cannot go to war with them, so the actions we take must be within the tolerance of the other party.

According to the analysis of the Ministry of Foreign Affairs, the most suitable measures are undoubtedly to support the Germans to contain France, support the Austro-Hungarian Empire to contain Bulgaria, and support to contain Japan!

These methods are within the acceptance range of the opponents, they will not turn our face with us because of this!

Of course, there are also more extreme measures, such as: the Royal Navy directly blocked their routes and cut off their overseas trade, but in this way, a battle is inevitable!

Or they could create counterfeit banknotes and attack their currency proposals. The consequences would be very serious, and the enemy would also learn to make pound sterling. These extreme methods are not worth the loss for us! "

The Chancellor of the Exchequer smiled bitterly and said: "Mr. Gray, the financial situation of the British Empire is not very good. We cannot invest a lot of money to target these three countries at the same time!

Their strength is not weak, and they will definitely retaliate. We don't have to fight with them. As long as the British Empire develops fast enough, the gap in strength between us will only get bigger and bigger! "

The Secretary of the Navy retorted: "No! In fact, we all know that due to the small size of the territory, the economic development of the British Empire has been restricted. We have fallen behind in terms of development speed. Not only has the gap between our strengths not widened, but has been shrinking!

Besides, we are not going to fight with them, we just restrict or delay their development speed, and it won't cost much! "

The Chancellor of the Exchequer said angrily: "Don't fool around!

In order to restrict the French, we must support the Germans, but they are in a debt crisis. Unless we can get them out of the debt crisis, checking and balancing France is undoubtedly an idiot!

If you want to check and balance Bulgaria, and you must support the Austro-Hungarian Empire, the investment in this aspect is also indispensable, otherwise they would have no guts to confront Bulgaria!

Don’t forget, Bulgaria’s total population has reached more than 50 million, which is comparable to the Austro-Hungarian Empire. The industrial gap between the two sides is almost doubled, and the gap in military combat effectiveness will only be even greater!

With less investment, why should the Austro-Hungarian Empire stand up to challenge Bulgaria? Don't they even know the most basic strength gap?

There is also Japan in the Far East. Your plan is even more nonsense. It is better to count on the waste than to let us go directly! "

The Secretary of State suddenly interrupted their dispute and said: "It is impossible for us to cooperate with the consortium and use financial means to directly attack their economy, so maybe we can make a small profit?"

The Chancellor of the Exchequer thought for a while and said: "It is theoretically feasible~www.wuxiahere.com~ However, the economic strength of the French is not weak, and the French consortium has a solid foundation. Before we clarified their position, we took Any action is very dangerous!

We can't penetrate into Bulgaria's financial market at all. Unless we are willing to send them hundreds of tons of gold, we can get an admission ticket!

For them, the financial blow is simply an itch. On the contrary, we may get stuck.

In fact, Japan is really effective when using financial means, and their economic situation is also very bad, we may be able to take advantage of it! "

Seeing no one objected after a while, Lloyd George made up his mind and said, "Then we should strike Japan first, and we should pay interest. We should also warn our little brother that being a traitor will not end well. !

Dealing with Bulgaria and France can’t be rushed. If too much pressure is put on them, the two countries will form an alliance if they are not good. Then it will be really troublesome!

So it is enough that we secretly give Germany and the Austro-Hungarian Empire a certain amount of support. Let them come out and delay for a while. The development speed of these two opponents will be enough! "

There is no way for persimmons, of course to find a soft pinch. Unlike European countries, Japan is remote from the Far East. Although it has gained a geographical advantage, it is also their disadvantage!

Lonely overseas, far away from the center of this era, they are naturally hostile to all countries, and they can’t even find an ally when looking around. Even if they suffer this loss, they can only endure it!

Having been an ally for more than ten years, the British have almost understood the nature of the Japanese, bullying and fearing hardships, and just took the opportunity to make a small profit and make up for their financial shortcomings.

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