Bulgarian Empire

Chapter 107: Sales

Kennedi was dumbfounded. There is this kind of a move? Mr. Konstantin is worthy of being the Prime Minister. He has this trick!

At this moment, the baffled Viktor and Nikolai also reacted. It means that it is decided for them.

Viktor is no more than a capitalist behind the scenes anyway. The shareholders have also expressed their support for him to this national debt. It is not a big problem to buy a share of one or two million, and a part of it is almost digested internally.

Nikolai has a headache. The Bulgarian National Bank also appears deeply rooted with its title scenery on the surface.

He had old customers who got screwed years ago and new customers who hadn't grown up yet. It also has the fatal weakness of a state-owned bank with a rigid system and has fallen behind in the competition.

In terms of strength, he is no match for the Royal Bank; in terms of connections, he is no match for the United Bank, which has a large number of capitalist connections.

When the three banks jointly sell 50 million bonds, they are most problematic. However, the two private banks are so devoted to supporting the government. As state-owned banks, they can not come out to hinder it!

At this moment, Kennedi also came back to his senses and was ready to quickly take out the contract that had long been prepared and distributed to the three.

Nikolai is anxious that the Bulgarian National Bank will be in trouble if this is equally distributed down. He still does not know what level the salesmen under his hands? If not for the state bank being supported by the government and relying on them to go out and pull deposits, it is estimated that the coffers can run off with the rats.

As soon as he got an idea, Nikolai thought of a good way, simply pull people down! With three teams taking responsibility together, which is better than their own bad luck, it is involved so much, when the government can not be held responsible!

With a smile, he said, "Since it is a joint project, there is no need to sign separately! I suggest that Mr. Karl take the lead and sign on behalf of our parties!"

The faces of the people changed slightly, and after thinking about it, they found nothing wrong. Bulgarian National Bank is a public bank fully controlled by the government. The possibility of default is completely zero, it also gave the Nikolai a face, and both parties signed the contract.

...

Ferdinand expected the failure of the government to issue bonds to the international market. It was 1893, and the European countries suffered from an economic crisis. The people did not desire to buy bonds but did not have the economic strength to buy bonds.

The government also tackled on time, moving decisively into domestic sales, keeping the country's credibility, and not allowing international capital to ride the fire.

The least affected by the economic crisis in Europe is now Russia. One wonders if Wilhelm II regretted tearing up the German-Russian alliance too early. Otherwise, the Russian market is now the best cure for the German economy.

Of course, Ferdinand is overthinking. In the economic crisis, Germany is starting a second industrial revolution, which will soon be reborn by fire. It will then run wild, and the United States, which also carried out the second industrial revolution, has overtaken the British Empire.

However, the Russian market has now become a good cure for the Bulgarian economy. Ever since the Russian-Bulgarian alliance, trade between the two countries has expanded, and it is now Bulgaria's number one trading partner.

There was no problem in selling the bonds. Ferdinand once again thought of the Russian aristocrats. It would be best if you did not look at the financial strength of the Russian government, which is not very good, but their aristocrats are wealthy. As long as many people are interested in the bonds, there is no worry about the sale.

...

The Bulgarian construction bonds were soon getting hyped up in the country. The newspapers were making propaganda every day, encouraging the people to promote the spirit of patriotism and support the country's construction. In general, the effect was quite good, especially after Ferdinand took the lead in purchasing five million Leva.

Thanks to the significant increase in the income of the Bulgarian population in recent years, there is still a delicate balance in hand. Bank deposits? In this day and age, the high bank fees are not so cost-effective for small customers. Buy bonds has become a new option!

To increase the gold amount of the national debt, Ferdinand also announced that the national debt could be used to pay taxes, but the interest that they did not pay would be lost!

This project is undertaken by the Royal Bank and the Union Bank together. They accept the collateral of the national debt. Moreover, it is the full amount of collateral, which is the same as currency, only that it is not very convenient to circulate.

It could not be helped because Ferdinand couldn't print more money in the standard gold era but only changed the issuance of currency. As long as they can freely exchange the Bulgarian government bonds for currency in the bank, then there is no worry about sales.

...

Elenira is just an ordinary textile factory worker working in the development zone, and her income is barely enough, right? Her husband, Vibert, is also a skilled worker in a machinery factory and earns a relatively good income.

After deducting the family's expenses, the two people's salaries together are small savings every month. Over time, it is now a considerable amount for them to save in the bank. Still, after seeing the interest rate of treasury bonds, Elenira was tempted again, ready to go back to discuss with Vibert!

After dinner, Elenira looked for an opportunity to speak up, "Dear, what do you think of the national debt?"

"National debt, why are you suddenly asking this question? Haven't you always cared little about the political aspect, no?" Vibert was a little surprised at his wife's behavior.

Elenira explained, "Honey, it's not the same! It's not politics, it's simply a nation-building bond!!!"

The speechless Vibert nodded. He has not cared about the news for a long time. In recent months the machinery factory always does endless orders, he has to work hard and busy every day, do not know whether it is a month or two months, there is no vacation for repairs.

Whenever he wanted to take a break, the supervisor had to come over and give him a thought, telling him that overtime was only short-term and that there was no chance to work overtime after this period of work! When he thought of the vast overtime pay, Vibert finally persisted.

Vibert still loves the machine plant and loves his boss, his supervisor! Not because of anything else, because the wages in the machine shop are slightly higher than in other factories, and the supervisor never deducts wages; even if he is assigned to work more overtime, but the overtime pay has never been less.

These are enough for Vibert. Compared to his previous job, it's a heaven and a hell. Although a little busy, he cherished this job, and the income is high! Since he entered the machine plant, his status in the family has improved a lot, and he is always asked to take care of important matters!

"That, I will go to the factory tomorrow to ask someone and then make a decision!" Vibert thought about it and said.

"Well, then, you have to remember it! I heard that the interest rate on treasury bonds is very high!" Elenira advised again.

"Got it!" Vibert said wearily.

...