diymy Chapter 75 Waste Utilization
Chapter 75 Waste Utilization
Chapter 75 Waste Utilization
When Liu Yulong's words were translated, most of them, whether it was Stephenson and others who were in a difficult situation, or Owen and Faraday who were bystanders, or even officials such as Palmerston and Staunton, couldn't help but nod in agreement.
Stephenson and the others nodded, their hearts filled with sorrow. They were now certain that the Emperor was not adequately prepared, because their arrival had indeed been too sudden and reckless.
He should first bring a small group of people to negotiate directly with the Court of State Ceremonial of the Han Dynasty and even the Emperor to determine a specific cooperation plan—at least a general idea of cooperation—before going back to order the equipment.
That way, we can take the Han Dynasty's weights and measures back with us, and ask the British factories to use the Han Dynasty's standards to remanufacture the materials for production and processing. Then we can use those materials to produce the equipment that the Han Dynasty needs.
Those lunatics have invested far too much money—enough to build a factory from scratch and then start producing equipment.
But it's too late to say anything now.
Robert Irving boldly picked up on Liu Yulong's words, vehemently complaining and criticizing: "His Majesty is absolutely right. British investors are very reckless, and the reason for their recklessness is greed."
"They greedily suck up every possible profit in order to produce as many products as possible."
"Any factor that might affect profits will be ignored by them."
"But once there is potential profit, they will rush in frantically at all costs."
They will also lose profits as a result.
"A similar thing actually happened ten years ago."
"At that time, in order to compete for the newly independent American market, hundreds of companies quickly emerged in Britain and rapidly invested in the production of countless cotton fabrics and other goods."
"The market response was far worse than expected. A large backlog of products led to a sharp drop in prices, which in turn caused many factories to close down quickly, and further led to the bankruptcy of many banks."
"The entire British market was plunged into a recession that lasted for several years."
Irving was the most progressive of all those present; he had already observed the economic crisis, though he may not have yet summarized or organized his observations.
Irving's summary made Liu Yulong feel a little like he understood something.
The officials of the Han Dynasty were unaware of economic crises; none of them had ever directly experienced anything like it.
With Irving here, it's rare to find someone calm and clear-headed who can keep up with what I'm saying.
Liu Yulong directly agreed with Owen's statement and continued, "Mr. Owen is absolutely right. The entire capital investment market in Britain is crazy and chaotic."
"British investors have more and more money in their hands that they have nowhere to put."
"If funds cannot be used to increase their own value, then it is a loss."
"In this situation, even if they know that there is a 90% chance that a certain investment direction will result in a complete loss, they may still flock to it."
"Not to mention that investing in Dahan is likely to make money, at least that's how they see it."
"Britain had finally emerged from the recession a few years ago, and as a result, this capital began to invest heavily in fixed assets."
"Including railways, houses, buildings, bridges, and land."
"In the past two years, investment in Citibank land bonds in Britain has gone crazy."
"Now there's another investment frenzy targeting the Han Dynasty —"
"If nothing unexpected happens, Citizens' land bonds should have collapsed by now, which will become the trigger for a new depression."
"What happened in Britain ten years ago is now happening again in both Britain and the United States."
When Liu Yulong and Owen were saying the first two paragraphs, the US representative was still just watching the show.
I never expected that this time it would suddenly happen to me.
The representatives from Britain and the United States were clearly taken aback this time.
Everyone who experienced that crisis ten years ago still feels lingering fear when they think about what happened back then.
Although theoretically, such a situation is in line with market rules, it is the invisible hand that regulates market operators.
But if given a choice, most people would not want that situation to repeat itself, nor would they want it to happen to them.
So much so that many people in Britain and the United States instinctively denied it, saying, "No way—"
"Probably not?"
"It won't be like it was ten years ago—"
Only Owen noticed that Liu Yulong was very knowledgeable about the situation in Britain.
From the crisis ten years ago to the fixed asset investment and Citibank land certificates that followed, etc.
He knew all about these things perfectly well.
Hearing the panicked cries of the crowd, Irving turned to Stephenson and the others: "It's not that it's not serious, it's just that it's worse than it was ten years ago. You can calculate for yourselves how much the scale of the investment has changed."
"When you return to Britain this time, the scene you will see should be the same as it was ten years ago, only this time it will be a desolate landscape after the chaos."
"Last time it was the whole of Britain, this time it will probably include the United States, and next time it might be the whole of Europe—"
Stephenson and the others did a quick mental calculation and realized they were in deep trouble: "We're doomed—"
"This is really the end."
Why do these kinds of things keep happening?
Meanwhile, the French were listening to the translation and watching the spectacle, wondering how badly Britain would fare this time.
Seeing their reaction, Liu Yulong added fuel to the fire, steer the conversation toward themselves: "Your investors may have already gone bankrupt and jumped off London Bridge."
"It's also possible that he's not dead yet, and is still thinking about your investment."
"Those of you who came to invest and build factories in Dahan should have become the last lifeline for those investors."
"They are waiting for you to go back and use the profits you made in Dahan to save them, to save those investors who are on the verge of collapse."
"These claims may have already been sold off at a low price, and new shareholders are waiting for your report."
"Does anyone here have used their own assets as collateral?"
The sense of panic was amplified by Liu Yulong and Owen.
Irving's criticism was heartfelt, and Liu Yulong offered some guidance while criticizing him.
Upon hearing the suggestion of a lifeline, Stephenson and the others immediately thought of their own: "Your Majesty, we—we were ultimately invited by you."
"Please save us!"
Europeans tend to be more straightforward; they simply ask for help without beating around the bush.
Upon hearing the cry for help, Liu Yulong immediately put on a stern face and asked, "I invited you to come and see the Great Han first, but what have you all done!"
"You should at least send a few people to Dahan to conduct basic market research."
"Find out what the Han Dynasty needs before you start attracting investment."
Instead of acting recklessly and arrogantly like this.
"I can guess what a normal person would do, but obviously I can't predict what a group of madmen would do."
"You British investors are all crazy."
Stephenson and the others opened their mouths to explain, but found that they had nothing to say.
Liu Yulong said that market research is a matter of course.
Looking back now, the reason those people participated so frantically in investing in the Great Han was probably because they sensed that the investment markets in Britain and the United States were about to collapse.
They had nowhere else to spend their money, which is why they recklessly threw it at the big man.
Liu Yulong paused briefly, giving them time to gather their emotions, and then offered some reassurance: "There's no point in talking about this now."
"Since I have invited you here, I can at least guarantee your safety."
"As long as you stay in the Great Han, you will at least be safe, and no one can come after you for your debts."
"But don't expect to make money from this investment."
Stephenson and the others were stunned for a moment, then breathed a slight sigh of relief.
The emperor makes sense. As long as I stay in the Han Dynasty, I won't go back to Britain for now.
British investors who suffered huge losses couldn't catch up.
Even if they come after me, I will have a chance to escape, and I will also have the protection promised by the Emperor of Han.
They couldn't do anything to the Han people.
As for making money—that's probably something I really don't need to think about anymore; this trip was a waste of time.
Stephenson led the way, standing up and bowing solemnly to Liu Yulong: "Thank you for Your Majesty's protection—"
Liu Yulong felt that the emotional buildup was enough, and it was time to start talking about some practical arrangements: "With the Han Dynasty being twenty times the size of Britain, we can actually handle Britain's crazy and chaotic investment behavior."
"But that would harm the interests of the Han Dynasty."
"The Great Han is not the overlord of Britain and will not expend resources to save Britain."
"Moreover, this kind of investment will accumulate. The Han Dynasty's acceptance will in turn stimulate Britain, making them try every means to raise more investment and produce more goods that they believe the Han Dynasty needs."
"Therefore, the Great Han Dynasty cannot accept your chaotic investment."
"You must invest in an orderly and gradual manner in accordance with the requirements of the Great Han and my own."
"Only the Great Han will accept a portion of them in an orderly manner —"
Stephenson thought to himself that these things were useless now and could only be considered as arrangements for the future: "Thank you for your teachings, Your Majesty. If there is another opportunity in the future, I will certainly follow Your Majesty's requirements to invest in construction in an orderly manner and supply the products needed by the Han Dynasty."
Liu Yulong was fairly satisfied with this statement: "Not bad. If you can adjust your mindset, the things you brought this time can actually be reused."
"While it's impossible for you to make money, it won't leave you with nothing either."
Stephenson and the others were taken aback: "Your Majesty means... Your Majesty still allows us to build a factory in the Great Han using our existing equipment? Is the Great Han willing to buy the products we produce?"
Liu Yulong immediately gave a negative answer: "Of course, it's not about letting you build a factory directly, it's just about recycling and reuse."
"I will arrange for the Imperial Academy to inventory the items you brought and analyze their potential uses."
"Recycle the useful parts and utilize them in an appropriate way."
"For example, the locomotives you brought can have their axles changed and the track gauge adjusted for use on branch lines."
"The steam engines you brought can be used as prime movers in sawmills and machine shops."
"Other tools and instruments, if they can be recalibrated using the Han Dynasty's system of weights and measures, can also be used to produce low-end products that do not require high precision."
"The workers you brought will be temporarily incorporated into the subordinate industries of the Institute of Geology, and will continue to be responsible for the maintenance of these machines using the tools you brought."
"After these things are processed, you will receive a sum of Great Han silver coins, which you can use to invest in Great Han."
"Can you accept this arrangement?"
Stephenson and others planned to build a factory, but instead of building the factory as planned, they are dismantling and recycling everything that can be used.
They were placed on the periphery of the Han Dynasty's industrial system to play a role.
The current production of steam engines in the Han Dynasty cannot keep up with the demand, so the steam engines and steam locomotives brought by Stephenson and others will definitely be useful.
It can function fundamentally even without being standardized and used in isolated workstations.
The scales and other components of the processing equipment can be remeasured using a Han ruler, re-engraved with Han-style markings, or replaced with reprocessed Han-style components.
If you can't produce products that meet the highest standards, then use them in places where the requirements are lower.
Britain had at least completed the Industrial Revolution, and Stephenson and others brought relatively advanced equipment, which was at least more efficient than traditional handicraft equipment.
Stephenson and his team may not make money, but at least they can dispose of the inventory and recover some liquidity.
Stephenson and the others were mostly business owners, and they quickly understood Liu Yulong's arrangements.
This is to get them to clear out their bad assets and quickly cut their losses to recoup their losses.
Then, by using the recovered blood to invest directly in Da Han, one can have the opportunity to make money within Da Han and gradually earn back the money lost in the past.
With the Han emperor as their safety net, they would not suffer complete losses, go bankrupt, or be driven to desperation.
The big man really gave them a place to rely on and was willing to lend them a hand.
Stephenson was very grateful: "We are willing to accept His Majesty the Emperor's arrangement."
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