Chapter 83:


    13. Golden War  7


    Our kingdomswar expenses includediplomatic payments to Russia, Austria, Prussia, Spain and ourotheranti-Frenchallies. ThePrince Regent knows about theamount, so Ill skipthe exnation.


    George IV pressed his forehead without saying a word.


    Since theresumption of warwith France, Britainhad beensending astronomicalfinancial aid every month to Frances rival countries, including Austria, Prussia, Russiaand Sweden.


    It was part of atypical British strategy to feedthe European continent with money insteadofprojecting directpower.


    In other words, the hugeamount of fundingwas alsoa form of employmentofthe other countries troops as mercenaries. Thesize of thefunding wastrulyenormous, as it was to buya nations army.


    Last year, theBritish government provided 28.8 million in aid to Russia, which was preparingfor amajorwar withFrance, given in nine times. Of course, the results of the investment weredisastrous.


    The annualspendingonSpainand Portugal, which were currently wagingdirect war on thepenins, wassmaller than of Russia. But the warwasstingmuch longer.


    Whig party figurescriticized thecurrent cab for spending tens of millions of pounds on foreign aid. They said thatthe United Kingdom should rathersupport thevulnerable or payoff its snowballing national debt.


    The citizens of London, who initially supportedthe stance of thecab investinginthe war against its archrival, France, were increasinglyleaning towardthe Whigpartys imsastime went by.


    Then, the Prime Minister wants to cutthe governmentfunding that has been usedtofinance thesea blockade?


    When Sir Perceval wasstiround, thefinancial situation of thekingdom wasgood. Unfortunately, thats not thecase now. You shouldknow howtotighten your waist whenyoure hungry.


    Prime Minister Jenkinsons confidentimtoreduce the Navy and other countries financial aidwas all fora reason.


    Because there werenomore maritime forcesthat could pose athreat to the Royal Navy. TheBattle of Copenhagendestroyed all of Denmarksmain fleet, and the BattleofTrafalgar destroyed theFrench and Spanish naval forces.[1]


    In other words, under thecurrent circumstances, thenavalpowerofthe enemy countries hadalmost evaporated, so evena small cutinthe kingdoms naval budgetposednothreat to the statusofthe maritime empire.


    Evenafterthe Battle of Trafalgar, Napoleon lived on the promise ofndingthe Imperial Guard on the British maind, butall the British leadersknew that it was a bluffing delusion.


    I rmend reinforcing the armysstrengthand training new recruits by using even apart of thenavy budgetcut. If youinvest amillion poundsinthe army, theywill present you with 30 elite divisions.


    The army


    The MarquisofWellington hasa defensivestrategyinthe penins, whichirgely duetohisckofpower. YourHighnessknowswhat hes capableof, right? If yougive himenough troops andweapons, hewill surelyturn thingsaround.


    Invest in thearmy with the navysmoney. It was Prime Minister Jenkinsons real intention, whichhecouldneversay in front of the citizens whohad the right to vote.


    Ifthey invested in thearmy andformed new units to join the penins, theywouldeventually have to recruitadditional soldiers andconscripts, sowho would weeit?


    Just in time, France also reducedits armybyabolishing theImperial-Federal MobilizationDecree issued earlyst year. If there was a timetosend power into the penins, it was now.


    GeorgeIV nodded as if he thoughtPrimeMinisterJenkinson had a point. Thecountries fighting on the Iberian Penins were the only onesresisting Napoleonstyranny on theEuropeancontinent.


    Britains long-standinggrandstrategyhad beenpassive interventioninthe continent, but nheless, there wasone reason whyPrince Regent GeorgeIV and Prime Minister Jenkinson were thinking of doing agrand intervention.


    This was because, nowmore than ever, Napoleon and Frances expansionand possibilitieswere makingBritain anxious.


    Now the twowere ipatible. Either theEmpire was taken down or the Kingdom bowed its head to them.


    But apart fromthat, the Treasury Departmentbelievesthat taxincreases are inevitable. Last month, thetotmount of governmentbondssold in thename of thegovernment surpassed900 million. Theirview is that if moredebt is umted than this, it could leadtofinancial health issues.


    Britain, whichhad previouslyestablisheda monopoly on foreign trade by assemblingtradworksbetween India, Chinaand the NewWorld, had bea country thatcouldproduce as much wealth as allEuropeancountriesbined throughthe mechanicalrevolution.


    Nevertheless, the long-standingwar was proving thatBritains wealth hadlimits.


    The cardthat Prime Minister Jenkinsonpulled out to make up for thesold government bonds thatshowed signs of turninginto increasinglybad debtwas to cut Londons financialself-governingdistricts.


    Many businesses and financialfirmswith subsidiariesintheirautonomous districtswere nheless payinglowercorporate and ietaxesthan other regions.


    Inaddition, theywere openlmitting taxevasion by maniptingbooksand deliberately omitting contracts. So far, thesevitions hadbeen overlooked for thesake of theeconomic of scale.


    But nowthat Londons financialmarkets hadbe aunique hub in theworld, raisingtaxeswouldnot makecapitalistsleave, and on thecontrary, Britaincouldnot be any more patientbecause of theincreasing urgency of the war.


    Howmany preferentialtreatments hadbeen given to capitalists andfinanciers? Jenkinson thoughtthat this was enough.


    Letsdoasthe Prime Minister wants. But letskeep this matter to ourselves.


    All right, Your Highness.


    GeorgeIV was drawinga line as to whatcouldbea politicalrisk.


    But anyway, after receiving tacit permission, Jenkinsonleft thehousewith a confident face. With thisreform, thecountry would be able to ovee thiscrisis wisely That was what Jenkinson believed.


    ===


    Thetax increase thatthe EarlofLiverpool, Prime Minister RobertJenkinson, came up withwas veryefficient and reasonable, at least forthe managementofthe state.


    Capitalistsinfinancial self-governing districts umted enormous wealththrough business andfinance, but theyrepresentedonly a small minority of the entirenationwide poption.


    Therewas no one more suitable to be cut to match theslogan of the philosopher JeremyBentham[2]itisthe greatest happiness of thegreatestnumber thatisthe measureofrightand wrong.


    Politicians and journalists whoreceivedregr sponsorship or back money fromcapitalistswouldprobablygocrazy, but theprimeministers power andspeech werestrongerthan expected in wartime.


    PrimeMinisterJenkinson, themembers of theTory Party andofthe Cabwere optimistic about the situation. But if everything in the world flowedsolely on efficiencyand rationality, whydid conflicts anddisputesur, and whydid people cryover idents?


    A series of unexpected events wasenough to shock the otherwisedisturbing British economy. Witha tremendous ripple effectthat no oneinthe Treasury had expected.


    It was twodays beforethe Second Treasurerofficially announcedthe new taxbill publicly.


    As aresult of having spies everywhere in the Cab to get importantinformationbefore anyone else, Londons leading financial firms were abletohear it beforethe announcement wasmade.


    The taxreform n, led by Prime Minister RobertJenkinson, wasa very reasonableimprovementinthe system to removeblindspotsinthew, whichlegally preventedsmallincreases in corporate andie taxes, taxevasion andbook maniption.


    However, peoplewere more angry and sensitivetogiving and takingthan to receive nothingfrom thebeginning.


    The feelingthey felt was anger, not shame, as theeverydaythings thatthey hadbe usedtodowere blocked, even if theywere illegal.


    Even if they werenot wealthycapitalistswith a business or financialpany, forworkers whowere tied up in property or workinthe financial autonomous district, theabove-reorganizationn wasonly a y of acountry takingaway their livingmoney.


    Raisingcorporate and ietaxes? And theyre different dependingonthe profit of theyear? Then theres no point in investing in financialinstitutions, right?


    Requesting statements fromdouble ounts!? This means censoringour investors! From what kindofidiots head did this bile!?


    The reasonfor the establishment of acorporationinthe financial autonomous district is thattaxesare low, soifthey raise taxes, thereisnoreason to be in aceboastingthis crazynd price.


    Its the financiers who areleading theBritish economy thats about to fall behind, and thats howthey thank us?


    Allthe routes tryingtobypass thisnew regtionwith bribeswere cutoff, as if somethinghad beenfirmly orderedfrom above.


    The taxofficials saidthat theincidenthad nothingtodowith them and that theycouldnot let thesurveince personnel go because theywere dispatched separately, but that could not provide any constion.


    Companies in Londons financialborough hadtopay fulltaxes, which wereraised by the revision of thetaxw.


    The revised taxwincludedmeasurestoblocktax evasioworksand monitorcorrupt officials, as wesincreasecorporate and ietaxes, but excluded securities and bond tradingand dividend ie taxes.


    Thatmeantthat theamount of tax payable whenbuying and selling securities, bonds, or holding securitiesassets was thesame as beforethe tax amendment.


    They seemed to have thoughtthat there would be no adverse effect on themarket itself if they did nottouchsecurities transaction anddividendie taxes, butthe securitiesmarket began to freeze rapidly.


    February10, 1813, at 9 a.m. TheLondon Stock Exchange opened. Assoon as thetradebegan, the first runners toewere Jewishcapitalists, likethe Rothschildfamily.


    The nextgroupofpeople to do so was theCity of Londons major financialinstitutions, which hadties to Westminster courtsand politics.


    Theypetitively poured their bonds andsecurities into the marketinstead of secretly trading likeinthe past. As if theywere being chasedbysomething.


    The shockwave wasboundtospread in the marketwhen thefinancial conglomeratesdominating theCity of Londonwere ruthlessly pouringout suchamounts.


    Fivehourter, at 2:00 p.m., the London Stock Exchange wasbustlingwith peoplewho cametosell stocksand bonds.


    Sellthesebondsrightnow! Even if theresa 20%, no, 30% loss, its okay, so hurry!


    I came herefirst! Justsell this quickly!


    Please wait in order! Only those who bring theapplicable numbercan trade!


    Darn it, getout of the way! Do you want to see peopledie!?


    You think youre theonly onewho bought stockshere!? Takeyour turn!


    There had never been sucha mess since the LondonStockExchangewas established in the City of London.


    Prices of various securitiesand bonds werefalling in real time, reminding them of the South SeaCompany[3]crash that urred 90 years ago.


    The panic-stricken investorssold their assetsrandomly, furtherelerating the crash.


    Were screwed screwed!!


    Thewaterofthe Thames must be warm, right? Is it okay if I goin?


    At6 p.m., themarket closed. Outside theexchange, it was full of investors whocouldnot selltheirsecurities andbonds. It was a legendary crash that would go downinhistory. The market hadtobeclosed to protectthe goodhalf of thestocks.


    For those who didnot receivethe information in advance, the crash wasa bigeventthat urred without any warning or sign. Onlyangerand ragefilled their heads, as they wereslightlydazed.


    The Jewsand the financialtycoons whohad information about the crash have siphoned off allour investments!


    A cry fromsomeone determined the directionthat this anger should take. Thering eyeofinvestors turned to managers of Jewishcapital andfinanciers in theCity of London.


    Yes, thats them!


    The stock and bond prices plummetedbecause they poured outbig amountsrandomly! Instinctivelythreatened, the Jewish capital managers and thefinanciers of theCity of Londonshooktheirarms andmade excuses.


    Thats ridiculous nonsense! We-were just employees! All we can do is followorders!


    Weve lost alot of money, too! Were victimsjust like you!


    C-calm downfirst!


    The Jewish capitals anrgefinancial institutions whowere informed quickly wereable to sell, of course, quite alot of stocks at reasonable prices.


    However, theyhad so manysecurities andbondsthat it wasimpossible to sell everythingatonce, and the transactionswere controlled due to theheavytraffic on thestockexchange, making it difficulttosell anything. Itwas not wrong to saythat they lostmoneyinthe process.


    However, their situationwas verydifferent fromthe one of small investorswho lostmost of their wealth.


    Wefollowedthe principle of investinginsecurities. Wejust moved quickly based on our judgment on themarket values. Dontmeothers for losingmoney.


    A manwho managedJewish capitaldid not understand the atmosphere and uttered harsh words.


    Normally, people would haveughedatthe person wholost money or would have agreed with his provocative words, but the problem was that the targetofhis remark wasthe absolute majority of the peoplegatheredhere.


    Theycouldridiculeotherpeoplesfailures, but nottheirown. Some of themsnapped. And the resultwas terrible.


    Die!!


    Argh!


    With hiseyes wide open, an investor rushed at him, pullingout asharpde. And he pierced the stomach of the manwho saidthe cheeky remark.


    There wasa momentofpanicatthe shocking situation. Some investorswere extremelyexcited to seethe pouringred blood. They needed to find the cause of this painfulfailure anda targetfor their anger.


    Tothem, therewere no targets moresuitablethan Jewishcapital managers andemployees ofrge financialpanieswho had siphoned offmoney.


    Sinceyou stole our money, wewill take yourlives!


    Death to the filthyJews!


    Ugh Argh!


    Atfirstthey punched and kicked, butter they broughtstones, clubs, and evenshovels, causing mercilessviolence.


    Theindiscriminateviolence, which lefta total of 5 people dead and 38 seriouslyinjured, continued until officers rushed in. But whathappenedtodaywas justa preview of the beginningofthe tragedy.


    TL notes


    [1]Battle of Copenhagen,Battle of Trafalgar


    [2]Jeremy Bentham


    [3]SouthSea Company