Mediterranean Hegemony Road

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

Just kidding, the age of dreadnoughts is coming! Although the performance of this coastal defense battleship is good, and the combat effectiveness of the old-fashioned battleship is comparable, but in addition to escaping against the dreadnought, the decisive battle is basically the delivery of food!

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

Not only is the cost of a decisive battle between coastal defense-class battleships and dreadnoughts extremely high, but it is also equivalent to joking with the lives of naval officers and soldiers!

In fact, now Ferdinand has decided that apart from small warships, he will not continue to build new warships! He planned to wait for the British dreadnoughts to come out, wait and see before deciding whether to go further.

Now that the British have not joined the Allied Powers, this is the time when the French need their allies the most. If they ask the French for help now, they will not refuse, especially to increase their military strength! \u00261t;i\u003e\u00261t;/i\u003e

Now the strength of the German-Austrian Tripartite Alliance is half a pound compared to France, Russia and Bulgaria, but the bears have gone to the Far East without doing their jobs, to fight the Japanese to the death. The pressure on the French in the European Big 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 did not mind learning about it!

Although Bulgaria is still a 6-power country, for the long-term plan, the navy is also an indispensable part of Ferdinand's strategy!

Even if it can't be compared with the major powers, it must be second only to the previous ones. It can protect Bulgaria's overseas business investment. It can't always rely on the relationship of allies, right?

First, the Russian-Russian Alliance, and then the Three-Kingdom Pact, you can't always follow your allies' ass, right? After a long time, does Bulgaria still need international status? \u00261t;i\u003e\u00261t;/i\u003e

...

Time flies by,

In a flash, it entered the year 19o7, and the Russo-Japanese War at this time 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, of course there is a negotiation, and the British and the French are promising.

The French need the Russians to share the pressure of the European big 6; and the British aside from the strategy, they are afraid to continue on the economics alone, and the Japanese really can't pay their debts!

In the original time and space, after the Russo-Japanese War, the Japanese government’s foreign debt reached 2.4 billion yen (about 245.76 million pounds, 1 yen = o.75 grams of gold), and now they owe the British people’s debt alone, as high as 360 million £9,000,000 owed to Americans!

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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 just to pay interest!

No way, whoever let the Japanese borrow during the war was an international usury, and of course the interest rate would be high, and the consortium would not care if the Japanese government could afford it or not!

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

Ferdinand said that he was very worried about the Japanese. Due to his butterfly effect, the Japanese military spending almost doubled, and interest expenses increased more than three times!

After Ferdinand ignited the fire of bonds, the consortium in London used bonds to take advantage of the fire, and the income was higher than that of loans, and bonds could also be sold to individuals to facilitate risk transfer, so the Japanese It was a disaster! \u00261t;i\u003e\u00261t;/i\u003e

Interest-free loans and low-interest loans in history are all gone, and all that remains are usury bonds. To use an old saying in the East, it is: Nine out of thirteen returns!

No, the Japanese government still won't get 10% off, and even 20% off, but the Thirteenth Guild seems to be coming soon!

It wasn't until the later stage that the consortium suddenly seemed to be having fun. The Japanese government seemed to have no ability to repay, so it took over!

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

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

The bonds have been sold to individuals in advance. Anyway, there is a guarantee from the London government. Let’s talk about business again, and fooling the public is enough! \u00261t;i\u003e\u00261t;/i\u003e

With the joint efforts of everyone, the Japan-Russia negotiations officially started in Shanghai on February 12, 1907. As far as Ferdinand knew, the negotiations were deadlocked from the very beginning.

The Japanese also expected war reparations from the Russians to repay their foreign debts.

It is a pity that after the victory of the navy, the performance of the 6th Army can only be said to be quite satisfactory. In order to win the Port of Lushun, under the cover of naval guns, the number of casualties of the 6th Army still exceeded 100,000!

Later, the Japanese fought the battle of Liaoyang again, and the result was even worse. The Maoxiong, which had already recovered, was not so easy to deal with. The Japanese 6th Army used its milk-feeding strength, and the two sides also fought a tie! Japan and Russia each suffered more than 100,000 casualties, and finally ended in a lose-lose situation!

The Russians are not the masters who will not fight back if they are beaten, and will fight back whenever they have the opportunity. It's a pity that the Russian commanders in the Far East are not very capable, and they have delayed the fighters several times! \u00261t;i\u003e\u00261t;/i\u003e

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

After more than three years of fighting like this, the casualties of both Japan and Russia are in the hundreds of thousands, but the Japanese and Russian 6 armies still have no winners!

With Mao Xiong's personality, what you can't get on the battlefield, let alone at the negotiating table! Anyway, the tsarist government believes that now the Japanese have run out of fuel and dried up, so if you don't accept it, just do it!

In fact, this is indeed the case. The Japanese standing army is only more than 300,000? The number of casualties on the battlefield in the Far East has suddenly reached 500,000, and the number of domestic mobilizations has already exceeded 1 million, but victory is still far away!

The Japanese were uncomfortable, and the Russians were not. The Japanese government is in debt, how can the Russian government get better? \u00261t;i\u003e\u00261t;/i\u003e

Everyone is borrowing 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 financial masters are now urging them to return to Europe?

How to fight without money? This is a common problem facing Japan and Russia at the same time, so the two sides have shyly contacted several times, no one can make the other compromise, and finally just maintain the status quo!

Now it's time to wave the bulls. Under the diplomatic mediation of the British, the two sides decided to take a step back, not to talk about their interests, and to do it according to the Portsmouth Peace Treaty before the war!

In general, Japan and Russia fought a battle in the Far East, and each killed 500,000 or 600,000 soldiers, and now they fought in vain, and everything returned to the original point!

In addition to winning a victory over foreign countries, the Japanese also increased their foreign debts by more than four billion pounds (that 500 million foreign debts, including the previous debts), but the beauty of dominating the Northeast in history, don't think about it! \u00261t;i\u003e\u00261t;/i\u003e

The Russians are not much better. Although the class contradictions in their country 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, similar to the Japanese government, everyone is heavily in debt. Better than the Japanese government, although they have more debt, they pay much less in interest!

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

The pattern of the Far East that the British most hoped for has appeared. Japan and Russia have lost both sides, and they are unable to compete for hegemony in the Far East. The British have once again become the big winners in strategy!

Oh, Ferdinand's purpose has also been achieved, he has always disliked the Japanese **** government, this time he was half-hearted. \u00261t;i\u003e\u00261t;/i\u003e

Even if there are casualties, even if it is doubled, it is estimated that they will not feel distressed!

But military spending made the Japanese government close to collapse. With the current fiscal revenue of the Japanese government, the only way to repay foreign debts is to borrow new debts to pay off old debts!

Ferdinand doesn't know when it will be repaid, maybe after World War I, maybe later, but if they have such a position in history, don't even think about it!

Strategically, although the Japanese successfully smashed the Russians' Far East strategy, the expected strategic goal of dominating the Northeast is now impossible to achieve, and they even have no strength to suppress the Qing Dynasty!

Anyway, the market they want is gone, and it will be even more difficult for them to develop the industry!

The most important thing is that Bulgaria's debt crisis no longer exists, and the unsightly Black Sea Fleet is gone, and the control of the Sea of ​​Marmara has fallen into the hands of Bulgaria!

Also, the Russians can no longer suppress the Bulgarian exhibition now! Although the tsarist government did not suppress Bulgaria's exhibition before, but at that time Bulgaria was too weak, and there were still a lot of enemies around, it was not worth their suppression!

There is no room for snoring on the side of the couch!

If Bulgaria had the current strength before, the relationship between Bulgaria and Russia might 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 could not hold back, and they had to win over Bulgaria to share the military pressure!

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

He successfully used his foresight and slapped the Japanese hard, and this figure is in units of tens of millions of pounds!

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