Holy Roman Empire

Time passed quickly, and the coffee on the table was cold.Seeing that the crowd below was almost dispersed, a few people went downstairs.

At this time, they found that not only their retail investors, but also some "big men" in the circle appeared together.Obviously, there are not a few people who pay attention to corporate financial reports.

With an uneasy mood, Maldonado checked the report of the Dakor Textile Factory, and saw the "loss of 124.8 million" specially marked on it. He closed his eyes and couldn't watch it any longer.

The reason is no longer important, this astronomical loss has far exceeded his expectations, and there is only one thought left in his mind, "cutting the meat to stop the loss".

You must know that last year, the annual profit of Dakel Textile Factory was less than 150 million Aegis.Now this loss, it can be announced that this year, the Dakor Textile Factory will not be able to even out the loss.

Maldonado had already heard someone swearing, scolding the management of the Dakor Textile Factory for being brain-damaged and not even able to adapt.

……

If there is a choice, Lao Lannuo is not willing to announce the financial statements at this time.But there is no way. Failure to publish the financial report on time will not only be fined, but will also usher in an investigation by the regulatory authorities.

Few companies can withstand investigation, and Dakeer Textile Factory is no exception. If something is found, it may give a fatal blow to the company.

Now the outside world is staring at them too much, and even a small problem may be magnified, and even old Lan Nuo dare not falsify financial statements.

After more than a month of continuous strikes, if the company does not suffer losses, it is unreasonable.

The number of shipments, the total amount of transactions, and the amount of tax payments can all be checked. It is not easy to fake it.

Theoretically, the goods of one Aegis can also be sold for [-] Aegis, all of which are permitted by law, but the enterprise has to pay taxes according to the transaction amount.

When the transaction is far beyond the market price, the commodity becomes a luxury, and the luxury tax needs to be paid.This rate is much higher than ordinary taxes.

In theory, as long as the company is willing to spend money to improve performance, it is very simple to turn losses into profits.In practice, such a fool does not exist at all.The cost of counterfeiting is too high and far exceeds the limit of capitalists.

On Monday, the Vienna Stock Exchange opened with a wave of sell-offs, affected by the news of the severe losses at the Dakker textile mill.

The exchange only saw the order being sold, but no one took the order at all, and the stock price naturally plummeted.As of the close in the afternoon, the stock price of Daker Textile Factory fell by 14.00% to [-]%.

It seems that this decline is acceptable. In fact, this is the nth time the stock price has fallen since the outbreak of the Dakker textile factory strike.

The stock price itself has reached the bottom, and after falling again, the market value of Daker Textile Factory is only 60.00% of the peak period.

It was not only the Dakker Textile Factory that suffered the drop in share prices, but all companies' share prices were affected, especially the companies that went on strike fell the most.

Investors believe that companies that strike will suffer serious losses, just like the Dakor textile factory.

In the market economy, it has already been affected by the whole body.Once the production of the enterprise is affected, the upstream raw material supply and the downstream sales channels, no one wants to be alone.

Falling stock prices are also contagious, and many well-performing companies have also suffered unwarranted disasters.As of the close of the day, the broader market of the Vienna Stock Exchange fell by 4.2% as a whole, and the market was wailing.

Affected by unfavorable factors in the market, in the next few days, the Vienna stock market continued to experience blood collapse, and many corporate stocks fell directly into the price of cabbage, and the stock market crash officially came.

As of Friday's close, the broader market on the Vienna Stock Exchange fell by 11.00%. In just five days, the Austrian stock market lost hundreds of millions of Aegis.

The stock market crash is coming!

Under the influence of the newspapers, the news of the stock market crash in Vienna quickly spread throughout the entire European continent, and smart investors immediately sold their stocks.

With the development of the economy, the economic ties of European countries are getting closer and closer. The Austrian stock market crashed, and European countries could not be immune.

A strange scene appeared. Whether it was London or Paris, the stock market continued to sell, but there were few buyers.No matter how experts and scholars advocate, the stock market has been falling all the way.

"Rescue the market" has become another hot topic after the "strike". However, before the "rescue the market", the issue of the strike must be resolved.

If the company cannot resume production, how can the stock price be guaranteed?The capitalists are in a hurry, only a very few are qualified to shear sheep in the stock market, and most of them are sheep being sheared.

In order to resume production as soon as possible, the capitalists also showed their magic powers.

Some capitalists choose to negotiate and compromise with the workers; some choose to buy, divide and disintegrate; some directly let the thugs arrest their families and force the workers to go to work; some even directly sacrifice Gatling and shoot the strikers, relying on bloodshed. Slaughter forces workers to return to work...

A variety of divine operations are constantly being staged on the European continent, bringing laughter to the people, but also full of blood.

Where there is oppression, there is resistance.The bloody slaughter brought not just the resumption of work, but also successive worker uprisings.

It was a mess, a total mess, and the entire continent of Europe was a mess.All kinds of messy thoughts took the opportunity to spread quickly, and the gods and demons danced for a while.

The Vienna Palace, looking at the chaotic situation, Franz also had a headache.The Vienna government intervened early, and there was no large-scale workers' uprising in Austria, but the stock market crash was enough.

Affected by the stock market crash, many companies fell into the predicament of insufficient funds.If not resolved, it is likely to trigger a new round of economic crisis.

If you just don't have enough funds, you can get a bank loan.However, these underfunded enterprises still have a lot of problems.

For example: chaotic management, unresolved strikes, conservative business ideas, old machinery and equipment...

A mess of problems came together, and banks came to a natural conclusion: high-risk business.

When the market is good, banks naturally don't mind high-risk business.High risks are often accompanied by high returns. As long as the benefits are large enough, banks are not lacking in risk-taking.

The current situation is different. The stock market crash has broken out, and many of the bank's businesses have been implicated, and most banks are shrinking their money.

Not to mention high-risk business, even low-risk business loans are difficult to do.Banks simply do not accept loans without collateral.

Franz is also helpless. He can't know that there is a problem, so he still asks the bank to lend money, right?

If you play like that, you are not solving the crisis, but prolonging the outbreak of the crisis.

It is indeed good for economic development in the short term, but in the long run, it will drag the national economy to hell.

Count on these companies to be reborn from the ashes?Franz felt that it is better to push it to reconstruction, at least the cost of investment is lower and the consumption of social resources is less.

Survival of the fittest is the law of the market, and the Austrian market is not infinite.While saving these companies, it is also sacrificing the interests of some similar companies, which essentially breaks the principle of fairness.

……

186章 引爆

The splendid and gorgeous scorching sun in the sky; the gentle and sultry breeze; the ancient melodious and endless bells; the night sky that is full of silence and boundless;

The Vienna Palace is holding a concert, one of the few entertainments of this age and the highest musical event in Austria.

Originally, Franz was going to hold an awards ceremony, but he just considered his level of appreciation, and finally gave up decisively.

Music awards are very troublesome, everyone has different hobbies, and it is easy to make jokes if the operation is not good.

After the great revolution, it was the peak period of Austrian music creation, and many classic music came out.

Franz is unfamiliar with the European and American music scene, and he can't figure out which ones exist in the original time and space, and which ones are produced by the butterfly effect.

Anyway, just listen, and being eligible to perform at the Vienna Palace is a kind of recognition in itself.In this regard, we have to mention the late Marshal Radesky. The signature of every concert is the "Radesky March".

This is the work of the Austrian composer Johann Strauss Sr. in 1848. The background of the story is that the Austrian army won a great victory in the Austro War, and it was produced to celebrate the victory.

The march itself has an element of showing off the force of the Habsburg dynasty, and coupled with the name of the old marshal, it is a natural political bonus.

Under the promotion of the Vienna government, the "Radesky March" has now spread all over the world and has become the representative of Austrian music.

Franz also likes this march very much, and every concert at the Vienna Palace is used as the finale, which shows its status in the Austrian music industry.

The economic crisis was imminent, and Franz was in no mood to enjoy the concert.Including the high-level officials of the Vienna government, they can only regret to miss this music festival.

It can't be missed. They are next to the concert and can still enjoy the music, but everyone is still discussing.

Franz asked in a deep voice, "Has the situation gotten out of control?"

Prime Minister Felix replied: "The domestic situation is generally stable. The strike is subsiding, and most companies have reached a consensus with their workers and have begun to resume production.

Internationally, there has been an upheaval. Many countries have dispatched the army to suppress the strike, and the situation is very tense.At this time, there was another stock market crash, and an economic crisis was probably inevitable. "

Sending troops to suppress strikes was not an exception, it was a regular occurrence in the 19th century.The name of the "Iron Prime Minister" of Bismarck in the original time and space, in which the word "blood" was obtained from suppressing strikes.

There are many things involved here, and it cannot be summed up simply by right and wrong.Unlike Austria's strong local control, the police rushed to the scene as soon as possible to maintain order.

Many countries did nothing at all after the strike broke out.Let the capitalists handle it by themselves, the escalation of conflicts in the quarrel is almost inevitable, and after the development, there will be smashing of machinery and equipment, and damage to infrastructure...

Part of it was brutally suppressed by the capitalists, and part of it was the victory of the workers in the conflict.Victory does not mean the end, and human nature cannot stand the test.

If one of the workers can restrain everyone, it is good, and they can fight for rights and interests rationally; if the restraint is lost, as long as there is one or two impulses, the situation will quickly get out of control.

In order to stabilize the situation as soon as possible, the government will inevitably choose to suppress.At this point, right or wrong is irrelevant, the bureaucrats just need to calm down the chaos and stabilize the situation as soon as possible.

After the event is held accountable, most of the unlucky workers are ordinary workers who have no right to speak.Even if someone in the government sympathized with them, they would fall under the silver bullet of the capitalists.

In Franz's view, the main culprit that led to the tragedy was actually the government's inaction, or the intentional favoritism of the capitalists.

Under his butterfly effect, almost all European countries now have the "Labor Protection Law". If the government intervenes in advance and mediates labor conflicts within the legal framework, it is not difficult to avoid riots.

Only in this way, it will be difficult for capitalists to obtain greater benefits.The vast majority of companies fail to meet the standards set forth in the Labor Protection Act, or else there would not be a general strike that would spread across Europe.

The wave of strikes in Austria was contained. In addition to the capitalists' fear that the strike would affect production, they were also worried that the government would intervene after the strike broke out and found out that they had violated the Labor Protection Act.

When the signs of a strike appeared, many capitalists took timely measures to increase some benefits and appease the workers.

As for the enterprises that broke out on strike, some of them were not smart enough to realize the danger; the other part was hesitant in the face of interests and slowed to respond.

In fact, manual treatment usually follows the market conditions.If other factories have increased their pay and you continue to stand still, it is estimated that it will not be long before all the capable workers will run out.

With the development of the economy, the rising labor cost is an inevitable result.This is also the driving force for the advancement of productivity. Without these pressures, capitalists will not take the initiative to carry out technological innovation.

The strike affects not only the production of enterprises, but also the shrinking of the consumer market.During the strike, there was no salary, so everyone had to cut down on food and clothing, and purchasing power naturally declined.

Coupled with the stock market crash, the company's capital chain has been broken, and in serious cases, it may even go bankrupt directly, and the social unemployment rate will rise within a certain period.

The conditions for an economic crisis to break out are already in place.Austria itself was already in crisis, and the international market was not good. God could not prevent the crisis from breaking out.

Looking out the window, Franz said cruelly: "Then squeeze out this tumor as soon as possible!"

The tumor, the sooner it is treated, the faster it will recover.If it is dragged to the end and the tumor grows uncontrollably, it will kill people.

Economic crises also have advantages and disadvantages. Every economic crisis will bring serious losses, and every economic crisis will also bring a lot of opportunities.

Essentially, an economic crisis is a self-regulating repair of the market.Put the deviated economy back on the right track of development.

The grand immigration strategy has just begun anyway, and no matter how many unemployed people increase in the economic crisis, there is a place to go.

……

Following Franz's order, the Vienna government took conservative economic measures and abandoned its original bailout plan.

On June 1876, 6, in order to stabilize the financial market, the Austrian central bank announced that it would shrink its monetary base and raise the benchmark deposit rate by 18%.

Shrinking money when the market is most short of money is "saving the market", it is clearly falling into trouble.

There are many domestic banks in Austria, and the central bank and the later-generation Federal Reserve have similar functions, which can supervise and influence the financial market.The central bank raising the benchmark interest rate is only a suggestion, but it cannot force all banks to raise bank deposit interest rates.

In fact, in order to attract deposits, the deposit interest of most banks exceeds the benchmark interest rate.

Prior to this, Austria's benchmark one-year deposit rate was 1%. Even if it was increased by 16%, it was still only 1.16%.

This figure is still lower than the deposit interest rates of major banks in the market, but the impact is huge.

Through the central bank's measures, everyone knew that the Vienna government would not provide funds to rescue the market, which made many investors feel desperate.

Smart people have realized that the economic crisis is inevitable, and they are raising funds for the winter, and the stock market has become more depressed.

On June 1876, 6, the Munich Vida Textile Factory applied for bankruptcy and reorganization to the Munich government and was approved because of the broken capital chain, which opened the prelude to the economic crisis.

In just one month, more than [-] companies, including [-] listed companies, filed for bankruptcy and reorganization with the government, and more than [-] companies declared bankruptcy. The economic crisis broke out in Austria.

Businesses went bankrupt on a large scale, and the strike wave naturally ended, replaced by a wave of unemployment.

Public opinion also became chaotic, and the capitalists began to frantically dump the blame, blaming all the responsibility for the economic crisis on the workers' strike.

This has no effect. In the tuyere of the second industrial revolution, if you cannot keep up with the times and choose to go against the wind, you will naturally be eliminated by the market.

The "strike incident" is just a fuse. At this time of the transition between the old and the new, it is itself a crisis and an opportunity.

Affected by the Austrian economic crisis, the Russian Empire and the German Federal Empire soon followed, and economic crises broke out one after another.

This was just the beginning, and the rest of the European countries were quickly implicated.By August, the economic crisis hit London and all the industrial countries in Europe fell.

Seeing everyone unlucky together, Franz was relieved.This is in line with the market laws of the capitalist economy. It has been almost ten years since the last economic crisis. How can there be no problems in the market?

Facts have proved that the problems have accumulated long ago, and only one fuse is short of the explosion.

Another round of big fish eating small fish game began, watching the consortium's power continue to grow, Franz did not know whether it was right or wrong.

However, the harsh reality tells him that this is an unstoppable law in the development of the capitalist economy and cannot be controlled by individuals.

In addition to being one of them and trying to control these new forces as much as possible, Franz cannot go against the current and prevent the formation of consortia.

To put it bluntly, domestic consortia are suppressed, but international consortia cannot be restricted.Some monarchs and great nobles may have noticed, and Franz also saw them in the capital market.

Obviously, the world has never been short of smart people.If there were no two world wars, I am afraid that the monarchy and the nobility would not have declined so much.

Of course, what the eyes see may not be true.In the previous life, Franz was just an ordinary person, and the circle he could contact happened to be at the bottom of the society, and he couldn't reach the superstructure at all.

What you see on the Internet can only be used as a reference. If it were all taken as the truth, he would have been trapped to death long ago, and it is impossible for him to live so well.

The emergence of consortia is the law of the market, but who dominates the consortium remains to be verified.At least in this era, the power in the hands of the nobles is far stronger than that of the capitalists.

As far as Franz knows, many big capitalists in Europe have the shadow of big aristocrats behind them.Otherwise, in this dark age, they would have been swallowed up long ago.