Chapter 592 House Prices and Mortgage Loans

1 Under the auspices of the British, this conference on Germany's default was held in London. The participating countries included all countries where Germany needed to pay reparations, including Australasia. {What? You don’t know yet|Read COM, read the chapters without mistakes|Hurry up and Google them}

The meeting had only one theme, and that was how to deal with Germany's request for delayed reparations.

Germany's compensation ratio after reductions and exemptions is around 15 billion pounds, and more than 1 billion pounds has been repaid so far.

Of course, this does not mean that all repayments are in currency, which includes a large number of equivalent industrial products, mineral materials and even livestock.

There is no other way. After all, Germany's consumption in the war has been very huge. It is impossible for them to spend more than 15 billion pounds in the next short period of time unless other countries are willing to lend them money.

But the problem is that the reception gives a large amount of money to a defeated country to help the country pay compensation. Even the French will not do such an obviously loss-making transaction.

What's more, the United States, the only country with a relatively good financial situation, is also burdened with a large amount of reparations, which also makes it difficult for the Germans to obtain loan support from other countries, and the progress of raising reparations has naturally slowed down again and again.

“Everyone, we reduced Germany’s reparations ratio four years ago and left Germany three years to restore its domestic economy.

But the results have told us the answer. Blind concessions will not work. This will allow a country that should be punished to see the hope of being exempted from punishment, and it will also cause the country that should be compensated to lose the compensation it deserves.

I believe that the proportion of Germany's reparations should be maintained and urge the German government to repay this year's reparations as soon as possible within two months. If the German government fails to do so, we will be happy to obtain due compensation ourselves. "At the beginning of the meeting, the French representative stood up and spoke impassionedly.

The last time they agreed to reduce the proportion of German reparations, some French people were dissatisfied. If they continue to give in this time, I am afraid that the French people's spittle will drown the cabinet.

"Yes, we must not condone Germany's behavior of not paying back money. This is a provocation to all countries that have suffered great harm in the war.

According to the data, Germany's economy has experienced considerable growth in the past four years, and its industrial scale has returned to about 60% of its pre-war level.

This kind of economic recovery speed has exceeded that of some countries here. I don't believe that Germany does not have the funds to repay the compensation, and I don't think that Germany's situation is worse than Russia. "The Russian representative also stood up and said with a very firm attitude.

This was the first time Russia had spoken out in diplomacy since the civil war, and it was also the first step taken by Nicholas II to restore Russia's international status after peace.

It is obvious that Nicholas II was chosen carefully. Joining the crusade against Germany is currently considered a righteous party. Russia will not only lose anything by standing up and speaking out, but will also gain the gratitude of many small and medium-sized countries.

Compared with France, which has a firmer attitude, the British attitude seems somewhat ambiguous.

On the one hand, the British are angry about the Germans' attitude of defaulting on their debts again, but they do not want to squeeze the current Germany too much and leave France without rivals in Western and Central Europe.

To put it bluntly, Germany is currently Britain's rival for France. Germany must exist, and Germany's condition should be maintained well, rather than lingering.

"Gentlemen, can we change our thinking?" The British representative stood up at this time and expressed his already prepared point of view: "Whether the German government has funds to use for reparations is not mentioned for the time being, but the German government currently The financial situation is indeed not very good.

Rather than simply using mineral materials and funds to repay loans, why don’t we explore more ways?

For example, in the foundry model, we provide the corresponding raw materials, place the heavily polluting factories in Germany, and let Germany process the finished products for us free of charge to compensate.

During this period, we set the wages of German workers and the wages are paid by the German government.

When will we finish producing enough industrial products to compensate us, and when will Germany finish paying off the compensation? "

The idea of ​​​​the British representative is another way of thinking, which can resolve Germany's default crisis in a more peaceful and appropriate manner, and also allow other countries to obtain their due benefits.

Of course, it is impossible for the British to think like this without purpose.

In fact, although it seems that the heavily polluting industries are placed in Germany, the scale of Germany's industry is destined to increase as a result.

Although in a short period of time, the interests are obviously on the side of many countries, as long as the factory is in Germany, Germany will be the biggest winner.

Doing so can quickly restore Germany's industrial strength and ensure that Germany will remain a country powerful enough to shake France in the future.

The British proposal has caused many countries to ponder. This seems to be the best solution without using force.

In the end, it was the French representative who spoke first and asked his own question: "Excuse me, the British representative, how do you explain this contract production method? We have so many countries, do each country have to sign a contract production agreement similar to this?" "

"In fact, it is not." The British representative said with a smile: "We can definitely unite and ask the German government to establish a centralized foundry system for us. We will provide some raw materials for heavily polluting industries and put the heavily polluting factories in Germany to solve the problem. Our domestic environmental pollution problem.

At the same time, we can also save unnecessary costs and harvest corresponding industrial products using raw materials, eliminating the trouble of building factories.

In order to ensure that all our countries are unified in terms of production, we should clarify the specific industries we need to produce. How about joint production in the same industry and obtaining the corresponding proportion of industrial finished products according to the proportion of raw materials invested by each? "The British representative said confidently.

Such a plan is the answer that the British government came up with after careful consideration, and British representatives are already familiar with it.

"Will the costs of workers and factories be borne by Germany? What if Germany does not recognize this factory?" It was time for the Russian representative to ask a topic of concern to small and medium-sized countries.

"Of course it will all be borne by the German government." The British representative said with a smile: "This is a concession to Germany's inability to repay the compensation. I believe the German government will understand our helplessness. As for Germany not recognizing such a system, I I don’t think it will happen, and Germany will value our opinions.”

"Even so, the German government must not impose any import and export taxes on our raw materials and industrial finished products. At the same time, the location of these corresponding heavily polluting processing plants should be determined by us, and the ownership of the plants should also belong to All our countries, not Germany." The French representative thought for a moment and put forward his conditions.

Although such conditions do allow countries to obtain materials equivalent to reparations, the act of placing factories in Germany is still too dangerous, making the French representatives somewhat uneasy.

The proposal to clarify the ownership of the factory, request the right to locate the factory, and even ask the German government not to impose any taxes is to avoid the influence of the German government on this kind of factory as much as possible.

As for whether such a factory will draw away part of the domestic capital investment, it is not something that these politicians should consider. After all, the term of each government has a limited number of years. Who will take the initiative to consider it for the next government?

Even the French have not developed this sense of crisis, otherwise the French government would not be overly dependent on German industrial products, resulting in a mediocre recovery of its own industrial scale.

There is even a large amount of French capital that has spilled out and made large investments in other countries.

At present, housing prices in European and American countries have doubled several times, and behind them are figures from the British and French consortium.

Although the populations of these countries are not large, it is still easy to speculate on housing prices in a specific area. Especially in some important cities in these countries, housing prices are speculated quite smoothly and prices are rising steadily.

Before the price speculation, house prices in London ranged from tens to hundreds of pounds, but now the cheapest houses in London are over a hundred pounds, and every real estate transaction is even bought and sold at a premium.

Although the real estate speculation boom in London does not affect the suburbs and other small cities, as the most populous city and one of the most developed cities, the real estate speculation boom still has a great impact on the British Empire.

Of course, the real estate speculation craze is not limited to London. There is also a real estate speculation craze in major cities such as Paris, France, and New York, the United States.

At present, the highest housing prices should be in New York, USA. Housing prices have increased from less than 700 US dollars to more than 1,100 US dollars, and they are even in a state of no market price.

Calculated in proportion, the current housing prices in New York City are twice as high as those in London City. It is indeed the city where Arthur focuses on real estate speculation.

Thanks to the rising housing prices, what is visible to the naked eye is the control and construction of real estate by many consortiums.

In the past, it was possible to build a house by yourself in cities like London and New York, but now self-built houses need to go through very strict approval procedures, otherwise you can only buy a pre-built house.

A large number of new houses were built and pre-sold before they were even completed, allowing many capitalists who invested in real estate to make a lot of money and allowing the industry to attract more assets and capitalists.

The income from selling houses is obviously not enough. Some capitalists who have seen business opportunities have launched housing loan policies in an effort to squeeze out all the value of ordinary people.

A seemingly unaffordable mortgage can actually make a $1,100 house cost more than $1,300, turning a considerable number of Americans into actual house slaves, spending more than ten years of their youth paying off the mortgage.

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