Hilde replied after thinking for a few minutes.
Then he said to Schacht.
"I say, you remember. I only provide the general policy, and you are responsible for the specific implementation."
"yes."
Schacht said he was taking notes, but he didn't actually take out paper or pen.
Obviously.
He is confident in his memory.
"The Imperial Bank will provide Bulgaria with a loan of 500 million Reichsmarks. Use this money to establish the Bulgarian National Investment Bank. You will be the president of the bank, and the Bulgarian National Investment Bank will be in charge of how to use this loan. Encourage large landowners to acquire and merge land, establish a landowners' association, and have the National Investment Bank provide loans and technical support to the landowners' association. If this is not enough, bring in German nobles to sell them land at a reasonable price."2
"Second, increase personal taxes and other taxes, reduce corporate taxes, and cancel taxes on the industrial sector and investment banks. The National Investment Bank will lead the merger of Bulgarian domestic companies and establish a national company committee. General Motors and General Electric can both be used. Relatively speaking, support the emerging aristocracy as long as they can do it. Third, introduce German capital to Bulgaria. Bayer, Hoechst, and BASF can be introduced as long as they are willing. Give them the lowest tax, or they can pay taxes later. Bulgaria's railways, roads, schools, and hospitals can all be sold as long as they can be sold."
"Fourth, Bulgaria has too many troops. It does not need 400,000 or 500,000 troops. It only needs to keep 100,000 troops. Others can be stuffed into factories if they can, and sent to farm if they cannot. Fifth, regarding the currency issue, I think you know more about it than I do. In order to develop the economy, perhaps the currency does not need to be more stable. Whether it is using vouchers or other currencies, Mr. Schacht, please do everything possible to stimulate the economy and consumption. Sixth, all strikes are illegal. Only labor organizations will negotiate with employers' associations, and the government will act as an arbitrator.
Finished.
Hilde's eyes fell on Radoslavov.
"Mr. Radoslavov, do you have any comments?"
"No."
Radoslavov was very straightforward.
This was beyond Hilde's expectations. He thought Radoslavov would bargain with him.
But since Radoslavov had no objection, Hilde naturally had no objection.
"One more thing, Mr. Radoslavov, you can embezzle or abuse your power for personal gain, I have no problem with that, but it all depends on the positive development of Bulgaria's economy, I hope you can understand what I mean."
Before Radoslavov could answer.
Hilde had already stood up and left.
Schacht bowed slightly to Radoslavov and left with Hilde.
After leaving the Prime Minister's office, the two walked together in the corridor.
Hilde asked Schacht behind him.
"What do you think of my economic policies?"
"No problem."
"Are you sure?*
"yes."
Hilde stopped.
Turning around, he looked at this 35-year-old young man wearing gold-rimmed glasses.
"Does Mr. Schacht know what I said when I asked His Majesty for you?"
"I don't quite understand."
"I told His Majesty the Emperor that you are the best economic genius in my mind, so I need you to formulate Bulgaria's national economic policy. His Majesty is very interested in you, and he will keep an eye on you, and his watching you means that the entire empire is watching you."
There is no doubt about it.
This would be a huge test and a huge opportunity for Schacht. A 35-year-old young man could control the economy of a country.
This is an unimaginable power.
If Schacht did his job well, it could almost be said that the position of Minister of Economics of the German Empire was waiting for him.
Schacht now understood what Hilde meant.
"Do you want me to comment on your economic policies?"
"certainly."
"I think this can only boost Bulgaria's economy in the short term. Bulgaria's economy may grow rapidly in the first three years, but within ten years, Bulgaria will face a vicious economic crisis."
"Why?"
"Let me take Argentina as an example. Since the development of cold chain technology, global demand for meat has increased significantly. Argentina's economy, which mainly exports meat, has been growing rapidly. You can see the key words here. Argentina's economic development is due to the increase in global demand for meat. Once global demand for meat decreases, Argentina will face a vicious economic crisis."
"so what?*
"I know what you mean. You want to concentrate Bulgaria's capital on a large scale to avoid the formation of a fragile small peasant economy and expand production to export grain. This will indeed bring efficient economic benefits to Bulgaria, but it is very unhealthy. Bulgaria's production has increased, but demand has not increased. In other words, Bulgaria's economy can only rely on foreign exchange exports. Once foreign exchange exports decrease, domestic demand will not increase. That will cause large-scale unemployment and a vicious economic crisis, which will evolve from an economic crisis to a political crisis."
"So you think this is only a short-term solution?"
"Yes."
"That's good, I did it on purpose."
"Why?"
"Mr. Schacht, when considering economic issues, we cannot just consider economics, we also have to consider politics. For example, maybe Bulgaria won't last ten years."
Schacht was stunned.
He really didn't understand politics, and he didn't understand why Bulgaria, with the protection of Germany, could be decisive.
It is said that Bulgaria will not last more than ten years.
But he does have humility.
Schacht bowed his head.
"Your will."
"One more thing, prepare the military and police for me. I don't want to see any strikes or riots in Bulgaria."
Schacht laughed when he heard this.
"You don't need to worry about this for now."
"Why?"
Hilde wondered.
"You probably don't know the wages of Bulgarian workers. The work is unbearable for German workers.
The conditio
ns and salary levels are unimaginable for Bulgarians, and they need to squeeze their way into welfare companies.
Industry