University of Vienna Falls Behind

The cabinet must bear the greatest responsibility. Anna directly hangs Streseman, which is the most normal thing. The people will applaud. To be precise, if any cabinet official is hanged now, the people will come out and applaud.

Only Anna was able to directly issue a declaration of war to France. No one else could replicate this kind of cowardly operation. After all, no one in the government could command the army.

"Mr. Streseman, that's not what I came to you for."

"Sorry, Your Highness."

"You still don't have to do the position of prime minister. I merged the prime minister and the president, and the cabinet must also be reorganized. Within two days, submit a reorganization plan to me."

"Your Highness?"

Streseman looked up suspiciously.

"Because of your dereliction of duty, you will not be the prime minister. I will still keep the position of the foreign minister. I hope you can live up to me and the people of Deta in terms of compensation negotiation. Also, the cabinet will leave it to me. The Minister of Economy, Minister of Health, Minister of Environment, Minister of Propaganda, whatever the position of the minister.”

"Yes, Your Highness."

Streseman immediately saluted Anna.

In fact, except for the Minister of Economic Affairs, the others were all newly added by Anna. Basically, the original cabinet members were retained. It was difficult for Anna to reappoint new cabinet members, and it was necessary to maintain the balance of political parties.

Although the parliament was closed by Anna.

There is no doubt about Streseman's ability. Although the Ruhr crisis government has been messed up, it is still not possible to say diplomatically. According to the original history, it is probably impossible to win the Nobel Peace Prize.

After Streseman left, Meissner returned to Anna again.

"Your Highness, what's the next plan?"

"Do you know Yalma Shakht?"

"Did Your Highness speak of Mr. Arma Horace Greeley Schacht, Governor of the National Bank?"

"Yes, it's him."

Meissner understood immediately.

According to the position of Minister of Economics reserved by Anna before, Deta's economic situation is so serious now, what does it mean to be the Minister of Economics?But it could also be a smoke bomb thrown by the new president.

Meissner thought about it for a while and decided to distance himself first.

"Your Highness wants to ask about that?"

"Do you think he's up to the job of economy minister?"

"I have no personal dealings with Mr. Schacht, and I don't know much about him. I only know a few things. For example, after leaving the university job, he joined the Bank of Dresden, and his performance during this period was Very good. But during the war, some unpleasant things happened, Mr. Schacht was in charge of organizing the financing of Deta's procurement in Belgium while he was in the service of the Belgian General Carl von Rum, but Mr. Schacht The payment is in the form of Belgian government notes at the Bank of Dresden, about fifty thousand francs."

"Oh, that's quite interesting."

"I don't know much about other things. Oh, and Mr. Schacht studied medicine, linguistics, and political science in college."

"You mean he didn't study economics?"

"Yes."

Anna breathed a sigh of relief.

"Then I can rest assured and help me make an appointment with Mr. Schacht."

Chapter 39 Economics

If you study economics, and you really understand economics, then you should give up economics and do something a little more meaningful.

—Anna Christian Friedrich Bernadette Bertuja von Hohenzollern.

There are two necessary conditions to become economy minister.

1, do not understand currency.

2, do not understand economics.

After being notified by the cabinet, Schacht arrived at Charlottenburg Palace as soon as possible.

As an ultra-nationalist and a banker for 23 years, Schacht has been waiting for this opportunity.The eighth princess of the empire came to power, the cabinet was reorganized, and the most important issue for the new government to take office was to solve the economic crisis.

just now.

The opportunity has been placed in front of Schacht, and whether he can seize it depends on Schacht's own ability.

Schacht came to Anna with the briefcase he was carrying.

"Your Highness."

Anna went straight to the point.

"Mr. Schacht, you should know why I am looking for you, please show me your talents."

"Yes, Your Highness."

Schacht stood up and took out the documents from his briefcase.

"My plan is, first of all, to issue a new currency, which I call the ground rent mark, not on the gold standard, but with the land and industrial products of Deta as collateral. In order to isolate the new mark and the Old Mark, we need to set up a new Land Rent Bank, the Land Rent Bank will provide Land Rent Mark loans to the Imperial Bank, and the Imperial Bank will provide the society with Land Rent Mark credit. The exchange rate between Land Rent Mark and Old Mark is tentatively set at 1:1 trillion, At the same time, the power of all private banks to issue marks is suspended, and the ground rent marks are not legal tender and have no power to pay government debts.”

"Is that all there is to it?"

Anna continued to ask.

The method Schacht said is certainly feasible, but it still does not solve the essential problem.

"No, Your Highness. Foreign currency speculators are the main speculative force for shorting marks, so we should explicitly prohibit the loan of ground rent marks to foreigners. If they want to short ground rent marks again, they will not be able to get new ground rent marks to close their positions. These Currency speculators will soon realize that if the Empire wants to do it, they can put an end to all foreign exchange market speculation on the mark."

Schacht said emotionally.

“And all this because of the irresponsible behavior of the Reichsbank, who generously gave loans to foreigners, which led to the shorting of the mark. But from now on it will not work! The currency of the private banks has lost its value, and the loans of the Reichsbank have not There will be again! Rent marks are also not available abroad, and these damn speculators can no longer get enough marks from the foreign exchange market to pay their arrears!"

"One day."

"One day, I will make all these speculators pay the price!"

Schacht's argument is a bit complicated.

To put it more simply, foreign speculators predicted that the Deta Mark would depreciate significantly during the Ruhr crisis, so they borrowed a lot from the Deta Imperial Bank, and then converted the loan into dollars. After the devaluation of the mark, the loan repayments are negligible.

It was also because the Reichsbank, which should not have been lending, was lending generously, fuelling inflation.Private banks, on the other hand, printed their own banknotes and exchanged them for marks to supply foreign speculators.

What Schacht has to do is to prohibit banks from lending to foreigners, prohibit private banks from printing money, and the new ground rent marks cannot be converted into dollars.

Look at the excited Schacht.

It is also normal for ultra-nationalists to arise in such an environment.

Anna reminded.

"Mr. Schacht, you are wrong."

"Sorry, Your Highness."

However, Anna still recognized Schacht's ability very much. What Schacht proposed were practical solutions, not bullshitting with Anna.

"In the reparations committee for a while, the United States will provide us with loans, what do you think?"

"If the US lends us money, we're going to pay it back to the UK and France, and the UK and France are going to pay it back to the US."

Schacht frowned.

"It's equivalent to the capital turning around and returning to the United States again. In this process, only American taxpayers lose money, and banks can pluck their hair. But the real big profits are Wall Street capital that has completed bargain hunting. Deta-controlled industries have reduced their debt burdens and increased their profitability.”

"However, this is not a bad thing for us. Huge amounts of American loans will flow in, and a lot of foreign credit will follow. As long as we can strictly control stocks, real estate, and luxury consumption orientation, Wall Street capital can quickly help us. The most advanced industrial system in Europe.”

"Do not."

Anna shook her head.

"I want you to strictly limit the influence of Wall Street capital on the domestic economy and do everything you can to improve the domestic industrial system."

"What do you mean, Your Highness?"

Schacht asked suspiciously that, as long as it is properly regulated, the entry of Wall Street capital will definitely be more beneficial than detrimental to Deta Industries.

Anna's slender fingers rested on her chin with one hand.

"You said, what would happen if the U.S. economy collapsed?"

Schacht took a deep breath and immediately understood that if the U.S. economy went wrong, it would collapse along with the Delta economy. Schacht had to admit that he had more things to think about, and looked up. Looking at Anna.

At this time, no one will think that there will be problems in the US economy. Perhaps this little princess who is like a little princess in front of her is really destined by God.

"I understand, Your Highness."

"How long will it take you to fix inflation."

"A year, no, give me six months, give me six months is enough."

"Then, Mr. Schacht, please go to the Ministry of Economics tomorrow, and I hope you will not disappoint me."

"For Your Highness."

Schacht put away the documents on the table, solemnly knelt down on one knee to Anna, and gave a knightly salute.

"Long live the Empire!"

Wait until Schacht leaves.

Even if the issue of inflation is temporarily left to Schacht, you can rest assured.

Then there are things that make Anna even more headaches.

Inflation can be penned to Schacht.

But for domestic finance, Anna has no one to count on. The reason why the parliament was shut down is that at this time, the domestic capitalists must be reorganized. Of course, this is not an easy task.

"Let the Chancellor of the Exchequer come and see me."

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