Harry Potter’s Morning Light

  Chapter 2005 Game of Default

  War often brings huge deficits. The bill of exchange issued by the Italian banking group without physical transactions can be understood as paper money issued to offset the deficit. It only appears on the books.

The clearing time of a bill of exchange can be long or short. If a merchant takes a bill issued by King Philip II of Spain to clear the bill six years later, the bank will definitely ask him to charge a high discount rate. .

  How high is the King’s credit rating?

During the Hundred Years' War between England and France, the kings of England and France owed a large sum of money to bankers. The bankers who were kings thought they could use various commercial and trade privileges from the royal family to forcibly collect the debts of other debtors. Indebtedness, which will cause some nobles to go bankrupt, and then ran to the king's side to cry.

The king’s breach of contract will certainly lead to bankruptcy of his own credit, while bankers who cannot get the money will go bankrupt directly. When the Black Death ravaged Europe, the bankruptcy of Baldi and Perug’s large Italian banks led to a series of dominoes. With the domino effect, Florence's financial industry also collapsed, damaging nearly half of the population of Europe, and causing no less damage than the Black Death.

  The direct cause of the demise of the Medici Bank was political loss. After the Italian War began, the French army captured Florence and the Medici family was expelled. Later, because of the Pope Meridian, Spain agreed to Alexander VI's terms and supported the Medici family and other old nobles to build a mountain fortress behind Florence to siege it. Eventually the Republic of Florence was destroyed in 1522, and the Bank of Florence opened again in 1528. For the first time lending money to Emperor Charles V of the Holy Roman Empire.

  The condition of Charles V is to expel the French and maintain the independence of Florence.

In the early morning, Georgiana looked at the ocean not far away, as if she saw warships in the mist. If she managed to get the British arrested by Denmark to be “deported” and get them out of prison, these warships would allow them to ride. Will the ship go to Antwerp along the coast of France?

  The roads in the country are really bad. They used to visit many cities and towns a day, but now they dare not delay for a moment.

  The Tour de France in the 19th century is not a pleasant thing.

  Unless British bankers are crazy, they will agree to Napoleon’s whimsical idea.

  In order to attract more importers and exporters to trade in the UK, this business is monopolized by the merchant bank, and the Bank of England cannot intervene.

Bills of exchange involve the secondary market, and they can use bill transactions to extend trade financing such as bonds, promissory notes, securities, etc. This is also one of the reasons why British investment industry can quickly recover costs, otherwise child labor will only save part of the labor cost, and Materials and other costs.

  So long along the way, you can have more time to think about it, and you don’t have to use tariffs to achieve that goal. If a wholesaler in a large transaction finds that after buying a British product, the loss caused by the discount and the exchange rate exceeds the 15% difference in the price, and the exchange time becomes longer, he will think twice.

  Without bulk wholesale, small wholesalers will be out of stock and cannot be distributed to retail. In this way, the cotton fabrics produced in France can occupy the market.

  The French are notoriously inefficient, the Bank of France has complicated procedures, and the account period is seven or eight years. How can British businessmen “quickly” pay back?

  Dry speculative trading is first of all to pay back quickly and generate profits as soon as possible, while industry requires time and a large amount of early investment, and it will not make money at the beginning. It took a long time for Watt to improve the steam engine.

  The businessmen of this era still have a little faith and pay attention to their own reputation. The elder Robert Peel proposed the "Factory Act" because of the plague that broke out in his factory and harmed the people in the villages around him.

  His reputation in the cotton textile industry is also related to the patriarchy practiced by British society.

  In short, he did not get the award of "the most humane workshop in the whole UK". This trophy represents the recognition and praise of the society.

  Only when you are in the forefront of God’s blessing, you will get rich. To maintain this position and control the casual words, you need to cultivate a moral community. Politics is regarded as a moral practice.

Compared with Bonaparte’s calculations, Giorgioanna felt that she would simply use a boat to bring those children who were unwilling to continue apprenticeships in the workshop to France to get more salaries. Of course, some people would not agree, but there would be others who would help the children escape. .

  Lost the future, even if the glory is short-lived, it is just that France is still suffering from a famine, and the children may not have enough food to feed them.

  "Do you know? Joan has been here before." Mr. Martin said suddenly.

  Georgiana looked at him "I am not Jeanne."

   "Yes, remember this. You are not an Orleans girl." Mr. Martin looked at her and said, "You are a British woman."

   "I heard that you use onions as your family crest." Georgiana smiled and said, "Why onions?"

   "You have heard the song of onions." Mr. Martin smiled and said, "Get in the car."

  Georgiana looked at the French cavalry on horses. Their vigorous look in the sun looked very dazzling, which was different from the gloomy British.

  Don’t forget, in their eyes you are a British woman.

  Georgina reminded herself in her heart, and then turned back into the carriage.

  Before getting into the car, Georgiana found that there was an extra person in Alice’s carriage. It seemed that she had found a playmate for herself.

  She looked at the beautiful blonde, and suddenly she had a feeling of giving up.

  She doesn't want to care about anything, she just wants to find a place where no one is going to be quiet.

   Then she got into the carriage, closed the door, and closed her eyes for a fake sleep.

  In a trance, she seemed to be back to the Hogwarts promenade, which was the direction to the principal's office.

  At the top of the tower lived an old Gryffindor. He was a hero in everyone's eyes because he defeated Gellert Grindelwald.

  No one knows that they are lovers, although the time is short.

  There is a kind of warm power spreading in her gradually cold and hard heart.

  She doesn’t need to like all British people. She likes the magic school, the black lake with mirrors, the eagle-headed horse-winged beasts flying on the lake, and the Kelpies and mermaids in the water.

  As for the wizard in a black robe, she thought she could let him go.

  He is dead, there is no need to resurrect him, and follow the vow of "die or live together".

  It was painful for them. He didn't want to accept the life she shared, and she didn't want to live alone after his death.

Gellert and Albus once made a blood oath to never hurt each other, so Grindelwald was imprisoned in the prison where he once held other wizards, and at the entrance of that prison it was written "for the greater good." .

  She hasn’t been there, she just glanced at it on the train...

  At that time, she was looking up from the foot of the mountain, and this angle was more like she was flying, and then she got into one of the windows, and a vicissitudes of life looked at her in surprise.

   "Kill me, Voldemort!" the old man said excitedly, "I am glad to die, but my death will not give you what you are looking for. There are many things you will never understand."

   "I'm not Voldemort." She whispered, sounding like she was talking in a dream.

  She is not a pureblood and does not hate Muggles...

  "Pity those who are alive." Dumbledore said softly, "Don't have mercy on the dead, especially those who have no love in your heart. You don't need to help everyone, you only need to help those who are worthy of help."

  She let out a long sigh of relief, opened her eyes and looked at the maids who were talking quietly, listening to what they were talking about.

  Being a girl should look like a girl, and with her size, I am afraid that she will never be able to go into battle like Jeanne.

  She lay on Feryl's lap, and she was taken aback.

   "Go on." Georgiana said happily, "Who is so romantic and intends to seduce men from all over the world?"

   "Oh, ma'am!" Feryl groaned, and the other girls giggled.

  Georgiana didn’t care. She knew that there was a woman in this world who felt that she was infinitely attractive. She could make men who met her surrender to her charm, but she felt that she could not do it.

  She was just an ordinary woman. Napoleon ignored the pursuit of so many women. He was obsessed with her as if he was dreaming. That is impossible. It seems that she is also a delusional.

  (End of this chapter)