Bulgarian Empire

Vol 3 Chapter 8: , Looking for gold

The full name of the Federal Reserve Bank of China is: "Bulgaria Joint Reserve Committee". Its establishment marks the beginning of a new era in Bulgaria's currency system!

Of course, things are not that simple. The three major banks have joined Lev, and there are many issues that need to be discussed.

Whether it is the distribution of the right to speak, the golden ratio of reserves provided by each, and the currency fees drawn by all parties, there must be a clear regulation!

After all, currency has a cost. Benefits can be transferred to the government through seigniorage, but it can't make everyone lose money.

Of course, these jobs have nothing to do with Ferdinand. After approving the establishment of the Federal Reserve Bank, the remaining specific tasks are the cabinet and the Ministry of Finance.

In order to be able to smoothly coordinate the relationship between each other, the Chancellor of the Exchequer Kennedy had to personally concurrently serve as the chairman of the "Bulgaria Joint Reserve Committee" to preside over the currency bank work!

The Fed can actually be regarded as a replica of the Federal Reserve, but it is not responsible for Congress, but to Ferdinand.

It is responsible for formulating Bulgaria’s current monetary policy, including the regulation of deposit reserve ratios, approved discount rates, management and supervision of Bulgarian domestic banks and other member banks and holding companies.

Its function is to control the currency and credit, and use the three major levers of open market business, bank loan discount rate and the legal reserve ratio of financial institutions to regulate the Bulgarian economy.

The Fed has independent decision-making power on monetary and financial policies and is directly responsible to Ferdinand. To a certain extent, it has got rid of government control and has become an independent subsidiary organization!

Like the Federal Reserve, the Federal Reserve Bank of China is also a non-profit organization. It is a non-profit organization. Its current purpose is to meet the current needs of Bulgaria's domestic currency for commercial trade circulation.

In the future, the Federal Reserve Bank of China will be one of Ferdinand’s main tools to regulate the Bulgarian economy. The method is very simple to adjust interest rates!

If the economy is overheating, it will raise interest rates, shrink money supply, slow down the economy and reduce inflationary pressure.

If the economy is depressed, it will lower interest rates and relax monetary policy to promote economic growth.

The key is to regulate and control the increase and decrease of interest rates according to the economic situation, and to be just right.

Currency leverage is the most effective weapon for the Fed to regulate and control the economy. In the future, the Fed's adjustment of interest rates will not only affect the economic trend of Bulgaria, but also the economic situation of the Near East!

Now, the Federal Reserve Bank of China has obtained the authorization of Ferdinand to approve the currency of one billion levs, and put it into the market through government investment or bank loans, so as to alleviate the lack of domestic currency flow!

Of course, the reserve gold for this part of the currency is naturally produced by Union Bank and Royal Bank! The reserve gold of the National Bank has long been used to print notes.

As for how this line of proportion is determined, Ferdinand is not clear, anyway, it cannot be 1:1, there are only so many gold reserves in the world!

If it is 1:1, the military expenditure of the British in the Boer War in history is as high as more than two thousand tons of gold. That is a shit, this is nearly half of the total British gold reserves at that time!

In theory, as long as it can be exchanged normally, you can print any currency!

Of course this is an ideal situation, and this specifically involves the balance of foreign trade!

If there is always a surplus, in theory, this reserve fund can be low. Anyway, gold is flowing in; if it is a deficit, be careful. If the reserve fund is insufficient, one day the gold will be exchanged and it will be over!

Greece is an example. The amount of gold reserves is too low. After the outside world loses its trust in the government, the currency will immediately jump!

What is the specific situation, Ferdinand does not care, let the economic experts calculate it!

Now his job is mainly to engage in gold, and he must acquire the gold needed for Bulgarian currency in the future!

In a short period of time, Ferdinand’s wealth that he had saved for more than ten years has now been secretly converted into Bulgaria’s gold reserves through the two major banks.

Theoretically, Bulgaria’s total gold reserves now exceed 100 tons of gold; in fact, there are still only over 30 tons of gold that really belong to the Bulgarian government, and the remaining 60 tons are still Ferdinand’s wealth. It was put there as a reserve!

The accumulation of normal means is too slow. Even if Ferdinand has tossed for more than ten years, he has only collected more than 60 tons, and the total value is less than 10 million pounds!

But gold and the British pound are obviously not of the same magnitude. With 60 tons of gold in the hands of Ferdinand, he can easily print currency equivalent to hundreds of millions of pounds!

At this time, in Ferdinand's mind, the huge treasures that were discovered one by one in later generations appeared in his mind. After taking an inventory, he was surprised to find that none of them is easy to get!

For example, salvage the sunken ship! Ferdinand only knows the approximate sea area, the specific location? I'm sorry for the media reports of later generations, and there is no detailed explanation?

In many places, even the name may have changed. How to find it? Even if you find it by luck, with the current salvage technology, working on the seabed, are you sure you can get the gold up?

Moreover, they were all on other people's boundaries, after thinking about it, Ferdinand decided to attack Ah San.

At least the security is guaranteed. If you are spotted, you will be divided together. If you don't spot it, you can just swallow it. It's better than making a wedding dress for someone else.

Kerala is located in southwestern India, facing Sri Lanka across the sea, facing the Arabian Sea, east to the west, and long and narrow in the north and south, and wide in the middle.

The central part is the Malabar Plain with ups and downs, the southern part is almost entirely hilly, and the northern coastal zone is full of sand dunes. Most cities are distributed along the coast.

Tropical forest climate, hot and rainy, with an average annual rainfall of 2.4oo mm. The forest accounts for about one-third of the total area, covering an area of ​​150 square miles. There are 44 rivers in the territory, which is one of the most densely populated in India.

It is the treasure tree described in "Journey to the West" with "gold as the root, silver as the body, colored glaze as the branches, crystal as the tip, amber as the leaf, beautiful jade as the flower, and agate as the fruit". "Happy" in the Western Paradise.

At this time, Morka-Valdo is leading the brigade of intelligence personnel, looking for the legendary Padmanabaswamy Temple.

Thanks to the wonderful caste system of the Indians, whites are the supreme existence, so Morka and his party arrived at their destination smoothly.

Now they are experts and mercenaries of the United Mining Corporation. They come to India on business, simply to find gold mines!

So this group of armed men with more than a hundred people entered Kerala in a big way. The British colonial government hadn't seen anything but provided them with convenience!

Now United Mining Corporation is already famous in the UK. In recent years, United Mining Corporation’s gold production has repeatedly hit record highs, and it has become one of the largest gold mining companies in the world.

Coupled with Edward's instinct to pretend to be coercive, now a little bit of influence in the world knows that this large international company is the industry of the Saxe-Coburg-Gotha family.

As long as it is a normal person, if there is no conflict of interest, everyone is happy to provide convenience. For example, when looking for a gold mine in India this time, the London head office directly communicated with the governor of the Indian colony.

An intelligence officer who went out to listen to the news introduced: "The Padmanabhaswamy Temple was built in the 16th century and has a high reputation in the local area. Every day, countless believers come to worship and want to sneak into the meeting. Very troublesome!"

After listening to the introduction of the intelligence personnel, Morka's face was ugly. It was very difficult to get the gold away without knowing it, and this task was ordered by Ferdinand himself, which is very important!

Once the news is leaked, God knows how much they can divide in the end. After all, this is the place of the British, and the benefits inside are so great that even Queen Victory will come in person, it is difficult to swallow them all!

Suddenly Morka's eyes lit up and smiled, and said: "Now we are divided into three groups, sending experts all the way to continue searching for gold mines in India, and another way to make them together in Padmanabaswamy Temple. Big event. UU Reading www.uukanshu.com

Then, the colonial government used the colonial government to find an excuse to block the temple, and the remaining people entered as the temple maintenance staff, and then figured out a way to take the treasure!

After we succeeded, we left through the Arabian Sea, and there was a boat over there! "

Morka had to be thankful that the Indians were religious enough, and basically no one dared to go to the temple, even the lower class people could only do coolies and couldn't go deep inside!

"Boom!" With a loud noise

Padmanaba Swami Temple was hit hard, and then news of the Indian Independent Baath Party uprising came out. The colonial government immediately took action to put out the uprising and the whole city was under martial law!

At the same time, the administrators of the temple were attacked and killed, and the restoration of the temple was temporarily taken over by the colonial government!

Morka and his party entered the temple as an architect and directed the Indian laborers to repair the temple!

At midnight, Morka came to the back of the temple. The gate here was locked with a lock. I don't know how many years the lock has been rusted.

At this time, the Indian laborers were beaten far away, and the temple was surrounded by their own people.

Morka and the others are not believers in the temple, they directly opened the door with violence. The rest of the work is left to professional tomb robbers, not archaeological experts!

In order to deal with the intrusion of the organs inside, these experts have specially studied Indian history and entered the secret room carefully!

Going down the steps, there was only an empty space in the secret room, nothing, obviously someone had entered.

Morka looked around carefully, and said faintly: "Look for it, there is a dark room inside, and the treasure should be hidden in it!"

...

7

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