When the entire country is on the edge of a cliff, someone needs to bravely step on the accelerator! This is what Morgan wants to say to his heir. Young Morgan hesitated and asked, "So now the financial market needs supervision, which is the most suitable

Is it the federal government? Otherwise, the domestic economy is likely to have problems."

"Son, you have misunderstood what I meant. None of our colleagues want to be supervised by the state." Morgan shrugged, "We can't investigate everything, right? What if we really find out something? We want to do something.

Man, if he succeeds, he is a hero. If he fails, then he must have tried his best. If he cannot come back, no one will miss him. Everyone thinks so, why should we take the initiative to speak out."

"If there is a real problem, cash is king!" Little Morgan nodded, finally speaking the truth.

"Oh, kid, you finally grasped the key point. In times of crisis, whoever has more cash is the king. And whoever's industry is stable will survive. Among these domestic companies, they have both

There are currently two companies that are large in scale and involved in two aspects: Standard Oil and United Company, and the smaller one is DuPont Consortium. In fact, the DuPont family's industry is the most stable, and their family has never been interested in the financial industry.

." Morgan acknowledged the heir's statement and said at the same time, "No one needs us to calm them down now, and they can't calm down either. But when the day comes, they themselves will kneel in front of us, wearing expensive dresses.

, but not even a penny in my pocket.”

In the Rockefeller Estate, after listening to his son's idea, Rockefeller rejected it very simply, "I don't agree to enter a particularly hot field. Although I have no friendship with Morgan, I know a basic logic. This every time through the economic crisis,

The bankers who are hunting for the bottom have not moved, which shows that this kind of enthusiasm is not normal."

"But now is the time to make money by changing hands!" Rockefeller said regretfully, obviously not giving up yet.

"Don't be fooled by short-term numbers. Business is nothing more than buying and selling. The sudden enthusiasm is abnormal. And I can predict now that this kind of enthusiasm will continue for a while, and in the end no one can do it anymore.

Take over." Rockefeller said indifferently, "No one can take over. It can only mean one thing. Citizens have no money. In this case, don't think that the top leaders of the powerful business community will be fine. Once they are blinded by greed, the foundation will collapse.

, even majestic high-rise buildings will collapse, and powerful companies will be destroyed in an instant."

As for his heir, the elder Rockefeller resolutely stopped this idea. It is possible to make money, but it must not be done in this way. This method is only suitable for people who have nothing to lose. When a businessman starts, he can be brave.

It's surprisingly big, but once you have a huge business, it's absolutely not okay to do it like this.

"I know, father!" Little Rockefeller admitted his mistake very sincerely. He was too greedy.

As for the DuPont Consortium, the current enthusiasm has not caused discussion at all. If mineral production rises, just increase mining efforts and sell it. As for spending money to join speculation, this is absolutely impossible.

The DuPont family deserves to be at the top of Sheffield's list of hated companies. It's just like my Qing Dynasty before the European Industrial Revolution. It doesn't seem like anything, but it just can't be chewed.

"People usually have three choices when it comes to disasters: becoming a loser or a lucky one, and the middle choice is to pretend it didn't happen and not join in. But in fact, when faced with such an opportunity, once citizens think it is an opportunity, they will not join in.

Options are completely unacceptable options, and losers and lucky ones will actually bring the same result to most of the participants, that is, they will become a member of the huge army of losers, so it seems that there are three choices,

But there are actually only two." Sheffield sighed to his wife while taking a walk. "The company I hate most is DuPont. I really can't do anything about them. At least normal methods can work. Only

We can bring the Democratic Party to power and then find opportunities to deal with them."

"Grandma has always wanted to avenge her husband. There is nothing wrong with that." Anne said with great appreciation, "This is not a reasonable thing."

The price of everything in New Mexico has increased rapidly. In the capital frenzy, the price has increased rapidly. Not only Sheffield's minerals, but almost all domestic minerals, whether they are profitable or not, whether they are rich or poor, even if you

The mine is in the middle of the road leading from one uninhabited land to another. Apart from the gray wolves and the growing weeds along the way, there is no chance of seeing any other creatures along the way.

There are buyers for minerals with no possibility of profit, and there will be people who are willing to buy it at a high price, because the person who buys it believes that there will be a stupider fool who will buy it at a higher price.

Once speculation causes the entire citizen class to follow, the power it brings is unparalleled. This reminds slave owners of the tulip bubble. The tulip bubble, also known as the tulip effect, originated from a historical event in the Netherlands. It is known as a recorded event in human history.

The earliest speculative activity. Dutch tulips once caused extraordinary madness in the flower trading market. The supply of tulip bulbs exceeded demand and prices soared. The Dutch tulip market has become a disorderly gambling pool for speculators.

Judging the current speculative behavior from the tulip bubble will definitely not lead to a correct conclusion. In Sheffield's impression, the tulip bubble lasted for more than three years in the Netherlands before the game of drumming and passing flowers suddenly collapsed.

The United States is not similar to the Netherlands in terms of population and area, and there are other industries developing, so comparison is impossible.

But it is not impossible. Although Sheffield does not have particularly powerful financial talents, it is still possible to complete basic tasks, which is to observe the flow of funds in the stock market. Once there are signs of stagnation in the flow of funds, it means that the early symptoms of the money shortage have already begun.

appeared.

A hundred years from now, if there is a money shortage, it will be a routine operation for the Federal Reserve to open the floodgates and release the water. But currently there is no Federal Reserve in the United States, so opening the gates and releasing the water does not exist. Therefore, when the financial crisis breaks out, the financial industry will definitely be affected very quickly.

There is no such thing as spreading to any other industry and opening the floodgates.

In fact, even the directors of the Knickerbocker Trust Investment Company, which caused the craze, knew in their hearts that this craze would definitely not last, but they felt that with the strength of their company, it would not be a problem to make a profit and get out of the company.

In fact, one of the three major illusions in life arises from blind confidence. I can do it! I am not an ordinary person.

When you are eighteen years old, you think that when you are thirty, you will definitely become a very powerful person, either very talented, or successful in starting a business, or become a big shot in a certain field, or at least a glamorous high-ranking person.

Guan achieved financial freedom early, traveled around the world, bought a house and a car, and had a happy family with children.

But the reality is that when you are thirty years old, you are working a job that is boring and a pity to abandon, you dare not fall in love, you cannot afford a house, and you are the director of the Knickerbocker Trust and Investment Company. You are just stuck in a high-end version.

I can do it.

Even the Knickerbocker Trust and Investment Company and the financial institutions that entered the market one after another think so, so the inside information and so-called personal connections that ordinary citizens place their hope on are actually just ordinary employees of these financial institutions, or senior employees at best.

, and these so-called senior employees, the Wolf of Wall Street in the eyes of citizens, are just ordinary people in major financial institutions. They can only accept information from higher-level directors. They are also ordinary people in the eyes of financial tycoons.

And once they reach a position where they are separated from the citizen class but still unable to contact the upper class, the hearts of senior employees at this level are no longer with the citizen class. Sheffield has said before that the company employees who are focused on training, everyone’s

The most important trait is to climb up the ladder by stepping on competitors. These people will only be loyal to the boss and will not look at lower-level people.

Led by the illusion that I can do it in many financial institutions, the blind citizen class handed over their money to speculators.

And there is a lot of good news from the outside. The reconstruction work in San Francisco is in full swing. Outside, the Great White Fleet is circling Latin America. The powerful naval strength has played a very good role in promoting the national prestige. After several months of sailing, it has given the United States

It brought great prestige, and the media also spoke highly of the navy's navigation.

This was reflected in the stock market, which was the rise in the stock prices of shipbuilding and derived steel and other metals. When the Great White Fleet arrived in San Francisco, San Francisco had initially recovered from the earthquake and began to appear prosperous.

At this moment, heavy news came from the New York Stock Exchange. United Copper Mining Company was officially listed. This company, operated by Knickerbocker Trust and Investment Company, followed the template of Morgan's establishment of U.S. Steel Company. On the first day of listing,

He became a star in the stock market and attracted the attention of many capitals.

Sheffield, who arrived in Los Angeles humming a tune, came to see Alice Roosevelt off the ship, which aroused the latter's dissatisfaction, "You seem particularly happy?"

"Of course I am happy with the economic prosperity. Who would despise a good life?" The slave owner, who fully demonstrated that the situation was not a small good but a great one, felt that Alice Roosevelt should have a celebration before she left, and asked in a low voice, "Baby

,I have missed you so much during this period."
Chapter completed!