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Chapter 436 Current Situation of the Banking Industry

"This should be suggested by the Secretary of the Navy. Is it okay if I speak like this?" Alice Roosevelt hesitated.

"Our Secretary of the Navy? Who is it?" Sheffield patted his head and couldn't remember this person. "Since I can't remember it, it means that the Secretary of the Navy is ineffective. Why is it ineffective? Because he is not professional. Why not

What about appointing a professional to be the Secretary of the Navy? Because a professional really understands the navy."

After a round of tongue twisters, Sheffield wanted Alice Roosevelt to understand that the fundamental reason for the current embarrassing position of the Navy lies with the President, that is, your father. An expert Secretary of the Navy will make the President who thinks he knows the Navy very well helpless.

Things to do.

"You bad thing, don't speak ill of my father." Alice Roosevelt was stunned for a moment, and then she suddenly reacted and reached out to grab Sheffield's ear. This man was talking ill of his father in a roundabout way.

"Okay, I was wrong. Listen to me. It is obvious that the Japanese naval fleet is the biggest threat to the United States in the Pacific at this stage. I believe your father agrees with this. Such a big threat, let our navy go out.

To express friendship, it is very necessary to come to the door with goodwill. It would be better if some government officials could say a few words about the tradition of U.S.-Japan friendship and not rush to urge them to repay their loans."

After twisting and turning, the slave owners finally showed their fox's tail. I hope someone in the government can come out and say something, not to overly force the Japanese government to pay back the money. This is a very important matter. From a national level, forcing Japan to pay back the money will improve the situation.

Although Sheffield does not care about the hostility of the Japanese towards the United States, even if a war breaks out, at worst the slave owners will hide in Texas, and the Japanese will not be able to invade the United States. As for the Pacific coast, the coast is vulnerable to attack.

This is basic common sense, and I believe the citizens here are mentally prepared for this.

It is not Sheffield's turn to worry about national affairs, but it is very important from a personal level, because the money owed by the Japanese government belongs to Morgan, including Morgan himself and the Morgan Alliance. It is best to owe this debt for as long as it lasts.

"Since Japan is a threat to our country, shouldn't we use strong military power as a backing? Why should we be so coy and keep saying that the American century has arrived?" Alice Roosevelt asked with some confusion, "The naval fleet is just

You come to the door, but you have to lower your profile, why?"

"Because Japan is really a huge threat, not the threat advertised in our newspapers. The threats in our newspapers are countries like Spain and Colombia. These countries can't be defeated. It doesn't matter if they talk happily." Sheffield pointed directly at a country.

The essence of existence is to bully the weak and fear the strong. "But Japan really has the naval power to knock on the door. Officially, we usually have another term to describe this kind of threat, which is called an important global partner. If we are not prepared to go to war with Japan, we must

Let the citizens at home believe that the strength of the Japanese navy is not against us."

Take the fiercely confrontational Cold War as an example. When was the best time for U.S.-Soviet relations? In fact, it was the 1970s when the Soviet Union was at its most powerful. The Soviet Union was swallowing thousands of miles and launched a global offensive. The United States had strong domestic anti-war sentiments and unemployment.

The problem of rate inflation was fully exposed, and Washington stated to the outside world that the Soviet Union should not be demonized and that it was an important participant in the global order.

"So we and Japan can also be allies!" Alice Roosevelt thought for a moment, "We can coexist peacefully."

"It can also be allies like me and Kandler and Keane." Sheffield made some modifications to the idea of ​​the president's daughter, "but it is definitely not an alliance like me and the Rockefeller family."

This kind of example can also be found from the Cold War. The Cold War has only several stages. Just after World War II, the Axis Powers were wiped out and the United States was the only country. At this stage, the United States adopted the attitude of "I eat whatever the dog eats." The war is over and the situation is

Everything is great, and everyone can work hard to build it. In the second stage, the Soviet Union is coming fiercely, and the United States has changed its strategy. I will eat whatever the dog eats. The Soviet Union is coming fiercely, and the horses are here to hold it back. The United States is willing to share the difficulties with everyone.

As for the third stage, it is very powerful. The United States discovered that some dogs that have been raised are rebellious and cannot work hard. They have to take care of themselves at the critical moment. At this stage, the United States has become enlightened and is ready to kill two dogs to replenish their health.

Of course, we cannot use too profound an example for Alice Roosevelt. It is more appropriate to describe it using the industries controlled by the Sheffield family and the difference in relationship with the Rockefeller family.

"You bad thing!" Alice Roosevelt said this for a few times. She thought for a moment and said, "If my father had not come forward, who would be the most suitable person for such moderate remarks? It would be me!"

As a matter of conscience, Sheffield had no intention of letting Alice Roosevelt go abroad. He knew that Alice Roosevelt had just returned from Asia, and slave owners would feel distressed if Alice Roosevelt went out with the Great White Fleet.

"Although you are the most suitable person, you still don't want to go. It's not difficult to find a Republican figure from the government who has good prestige and can exert his residual enthusiasm." Sheffield shook his head pretendingly, "If you go out for a while, you will be here.

It will take several months for Japan to come back, no, I don't agree."

"Actually, there's nothing wrong with going there." Alice Roosevelt was already thinking about it and said to herself, "This can also be a favor to my father, and I think you seem to care about it."

Even if it's true, why don't you say it out loud? How embarrassing is that? Sheffield said noncommittally, "But since you're not in the country, I feel a little empty."

The slave owner is not inferior at all when he talks about earthy love words. He fully shows his true colors. He wants to do things without paying the price. In the end, he still has to rely on Morgan's help when it comes to taking the disaster relief bonus.

Things in San Francisco have come to an end. Apart from the ruins and the long queues at the entrance of insurance companies, in the eyes of most citizens, it has passed. And Alice Roosevelt has grown a lot under the guidance of the most honest slave owner in the United States.

And accepted a new round of indoctrination and boarded the train to Washington.

Of course, Sheffield also has its own business, which is to conduct a thorough investigation of the financial industry. Data has always been very important in the eyes of slave owners, and sometimes it is even more important than sending commercial spies.

There is no central bank in the United States, but the U.S. banking industry is still expanding rapidly. The period after the Civil War has become a season of expansion for the banking industry. Now, there are 20,000 banks in the country, with an average of one bank for every 4,000 people.

In most American cities and towns, there will be local banks and state-owned banks for depositors to choose from.

"If I hadn't paid special attention to this matter, it would be really hard for me to believe that the ratio between banks and people is already like this. Union Bank has been in such an environment for a long time. No wonder the development is so weak." Sheffield flipped through the pages of the book.

Fulin took the data and shook her head slightly, "With so many banks, how do they make profits?"

"This is also a new trend discovered after the current investigation. Many bank owners mortgage their bank stocks, then borrow money from trust funds, and then use this loan to purchase the next bank to complete expansion." Evelyn said.

Another document has been released, which has already stated the basic operation process.

No wonder! Sheffield's face was full of surprise. Even if he had the headquarter of United Company behind United Bank to support his expansion under this model, he couldn't compete with others in terms of speed. What is this? A Ponzi scheme? A pyramid scheme.

?Whether it counts as Sheffield or not, I don’t have the ability to identify it, but it looks similar.

However, it is obvious that the structure of the financial industry in the United States is more than one step ahead of Ponzi schemes and pyramid schemes. The courage to treat banks as commodities is not something ordinary people can possess.

"We are just one economic crisis away from closing these banks. Then we will do nothing and wait for victory. But if we want to go further, we still need to identify high-quality assets. The financial industry has always been characterized by high-quality assets.

Assets are the carrier. We have discussed this matter before. The shares held by so many banks are definitely not all garbage." Sheffield crossed his fingers and bumped the thumbs of his hands rhythmically, "Banks and many trust companies have already

If you invest all your money in the stock market, it will definitely be harvested when the time comes. I have never been very good at the stock market. What I want is more basic raw materials."

"As mentioned before, the federal government's reconstruction plan for San Francisco will keep the few funds left in the market in the west. This will aggravate the scarcity of funds in the market. The strings on the currency have been tightened, but it is not available.

You know when you will be cut off!" Evelin also nodded and said, "After all, our talent pool in this area is smaller."

"It doesn't matter, as long as Morgan is an expert. The current situation is that I will keep an eye on Morgan secretly, but Morgan will never keep an eye on me, because my development as a banker will definitely be a complete failure if Morgan himself looks at it.

, how could he pay attention to a little shrimp like me?" Sheffield chuckled, "But I have my advantages. When it comes to dealing with politicians, not only no one can be my teacher, but I am qualified to be a teacher for many people.

Teacher. Even Morgan, I think I am more professional than him in the field of government-business collusion."
Chapter completed!
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