Rebirth of the Spanish Empire

"By the way, Your Majesty! Now many people in the country are discussing the issue of the Crown Prince. Shouldn't you give an answer?" Except for Antonio, a traditional royalist, no one present dared to say this. Even if It is not convenient to say that it is Palacides. After all, the Liberal Party is still focused on innovative political reforms. The Liberal Party once opposed the monarchy, and now it is still less involved in subtlety.

After all, this involves the issue of the royal family, and you must know that the sooner the crown prince is decided, then the prince who is born later will have no chance to reach the top. None of them are willing to become the unborn prince like this. Enemies of princes.

"I will take care of this matter," waved his hand to stop Antonio who was still waiting to speak, and said pleasantly. I am going to announce him directly to figures from all over the world and our Spanish people on this year's National Day. The Prince of Asturias is a symbol of the future monarch. Now, we are not discussing this issue. Antonio, now that your central bank has been fully expanded, tell me, what are you and your central bank going to do in the next few years? "

Antonio was very happy when he got the news he wanted, but he didn't expect that Alfonso would talk about business directly all of a sudden, which really made him unable to react for a moment. Fortunately, he was not slow at all. , seeing Alfonso blinking at him, he felt funny in his heart. Then he remembered that His Majesty was just a young man who had just turned 23. Was he too impatient? some.

Now he has no doubt that His Majesty will be a wise king. Because many previous things have proved that even if the former King XII had not died, it would be very difficult to develop Spain to the current level. He even felt that there was no possibility of exceeding 20. Isn't it enough for Alfonso XIII to become the Ming army of this ancient country in Spain? [

Antonio said confidently: "Central banking systems have been generally established around the world, the most famous of which are the Bank of England and the Deutsche Bank. Central banks in various countries gradually have "banks that issue banknotes, banks that manage banks, and banks that represent the government." The three basic functions of "bank". The characteristic is naturally that the central bank must obey the needs of the government and serve the government and financial institutions. Of course, we will not accidentally remove these characteristics, so our main tasks also include issuance Bank bonds, maintain the stability of the currency value of the peseta; establish a regulatory system for banks; organize the exchange and clearing of bills; act as a lender of last resort; implement a deposit reserve system, etc. Let us give full play to the central bank's ability to effectively provide services at this stage functions and management functions”

"Aren't you just copying England backwards?" Alfonso said with some words. He knew in his heart that at this time, when it comes to issues such as establishment of institutions and management, Britain is definitely at the forefront of the world. Yes, but it is because of him that Spain has changed. In this case, Alfonso will naturally not let his golden fingers bloom here. "Although the British have a very good idea, we still cannot completely follow them. After all, the national conditions are different. Never before, the Morgan family there is even comparable to the status of a country's central bank, plus Mellon and several other large banks. To be honest, as long as they join together, the establishment of the central bank will definitely be hollow. Therefore, the United States will never have a central bank like Henry where the government provides money and assistance."

"It is said that the United States is brewing a banking group that will unite several major American banks to serve as an organization under the U.S. government. The name seems to be, uh, called the Federal Reserve, and it seems to be called the Federal Reserve for short." Trini said at this time Interface Road.

He glanced at Trini unexpectedly. Historically, the Federal Reserve was established in 1913, and now the news has come out. Is this because he asked Spain to come forward to establish the central bank and let the United States follow suit and move ahead of schedule? If this is the case, will other things be advanced like this? , Alfonso thought with some uncertainty, even a little troubled, because such changes made him feel hesitant. Can history really be changed? Especially vigorous history. If this is the case, will the First World War be canceled or come early? The more he thought about it, the colder Alfonso felt.

"I wasn't too sure about this news, so I didn't tell you." Trini glanced at Alfonso cautiously. Seeing that the other person was somewhat absent-minded and not looking at him, Trini felt panicked and scared. His Majesty blamed him for deliberately concealing the matter.

He carefully explained again: "The thing is because the Rockefeller family is still hesitating until now. As the bosses of Chase Manhattan Bank and Citibank, the top three banks in the United States, the Rockefeller family's hesitation naturally makes the Morgan family still have The same goes for the Mellon family, and the U.S. government is now doing its best to help them do their job? But before I receive the news, they are still divided. So I want to report the results after I get them."

"Okay, I already know this. You don't have to explain it anymore, Antonio. I'm not satisfied with the central bank's copy just now, because it will be easy for the British to find shortcomings and attack us, especially in sectors such as bonds. What I hope is that when you go back, you will be able to use monetary policy to control the macroeconomics of Spain and even foreign countries."

"What is macroeconomics?" This time it was Palacides who taught the culture. Palacides is now the president of the National Development Bank of Spain. He felt very fresh about the vocabulary that His Majesty had just appeared, so he couldn't bear it. The resident asked. Especially after seeing His Majesty's seriousness, he could conclude that such a simple sentence was definitely a very useful sentence, and he didn't even know the meaning of macroeconomics, which of course could not make him let go. , so he couldn't help but ask. When he found that other people were looking at His Majesty, he exhaled in his heart while his face remained normal. Fortunately, he thought he didn't know, but it turned out that everyone They are fellow-minded people.

"The so-called macroeconomics refers to the total economic activities, that is, the overall activities of the national economy, the entire national economy or the national economy as a whole and its economic activities and operating conditions, such as total supply and total demand; the total value of the national economy and its growth rate ; The main proportional relationships in the national economy; the overall level of prices; the overall level of labor employment and unemployment rate; the total scale and growth rate of currency issuance; the total scale of import and export trade and its changes, etc. Macroeconomics is also a target title, The main objectives are high and rapidly growing output rates, low unemployment and stable price levels.

In addition to this, there is also microeconomics, which refers to individual economic activities, that is, the economic activities of a single economic unit; individual enterprises, business units and their economic activities, such as the production, supply and marketing of individual enterprises, prices of individual exchanges, etc. The operation of the micro-economy is guided by prices and market signals and adjusts and balances itself through competition; while the operation of the macro-economy has many areas that cannot be reached by the market mechanism. It requires the state to proceed from the overall interests of society and use various methods. means to carry out macro-regulation and control. "

Seeing that they listened with rapt attention, Alfonso was certainly satisfied.

"Macroeconomics and microeconomics are two different levels of economic activities and economic operations. Don't think that they are separated. Wrong, they are closely related. Microeconomics is the basis of macroeconomics, and macroeconomics The good condition of the economy is a necessary condition for the smooth progress of microeconomic activities. The macro is the outline of the plan, and the micro is the entwining of branches.

Social and economic activities themselves are a whole, and macro and micro aspects, as well as all links of production, circulation, distribution, and exchange, are closely linked. They are two different means of economic regulation. Under economic conditions like Spain, only by rationally using the two economic means of allocating resources, planning and market, can we more effectively achieve the proportional development of social production. Especially when we need to vigorously develop colonies or territories, we need to Such means.

There are also plans and markets. The market is in a more basic position, while plans play a macro-adjustment function and a micro-guidance function under the influence of the market. Only by organically combining planning and the market can the Spanish economy achieve sustained, rapid and healthy development. During the transition period from a planned economy to a market economy, the state particularly needs to use macroeconomic legal means for regulation.

Macroeconomics is a concept corresponding to microeconomics. In the market economy, the production, distribution, exchange and consumption activities carried out by individuals, families and enterprises as units are the micro-economy. Although the modern market economy still takes a single microeconomic entity as the basic unit, with the continuous expansion of market scale, the increasing development of commodity exchange and the increasing degree of socialization of production, economic activities are no longer purely individual behaviors, but increasingly present Show the overall characteristics of interrelation and mutual influence. The increase in personal wealth, family welfare and corporate profits no longer depends solely on one's own efforts, but must also depend on the overall economic situation. The operation of the entire economy is increasingly showing obvious aggregate, comprehensive and overall characteristics.

What the central bank has to do is not to break their ties here and protect the supply and demand of Spanish currencies such as pesetas and gold. And Palacides"

Seeing him looking over, Alfonso said: "To use a metaphor, the central bank controls the general situation at the macro level, so. Then you, the International Development Bank, are at the micro level, taking Spanish and international development as the detailed substantive work to implement the above. You two The combination of the two is the best combination of Spanish finance, you understand.”

What about the Federal Reserve? Do you think you can still fool the world's central banks like you did in previous lives? JPMorgan Chase Bank, Citigroup, Bank of America, Wells Fargo, Chase Manhattan Bank, Goldman Sachs, Bank of America, Bank of New York, Mellon National Bank, etc. These American giants are just domestic hegemons in the United States.

"As for the seven giants on Wall Street, it is said that they are very active now"[

"It's not that the Morgan family and the Rockefeller family are fighting against each other. They can only show off their majesty in their one-third of an acre of land. I'm afraid they'll all become coquettish when they leave the house."

Trini's words made several others laugh.

j. Morgan, James. Hill, George. Baker, who belonged to the so-called Morgan group; the other four, John. Rockefeller, William. Rockefeller, James. Stillman, Jacob. Schiff, part of the Standard Oil City Bank Group.

They constitute the core hub of capital that controls the United States. At the same time, they are also the seven most powerful people on Wall Street. They now control most of the basic industries and resources in the United States. But as Trini said, most of their business was developed in the large American market. Compared with many international companies in Spain, it is really far behind.