In fact, Sheffield doesn't quite understand whether the people are really out of money. In terms of finance, a slave owner is almost an idiot, but it doesn't matter. Someone who knows the business has just been poached. The Union Bank headquarters in New York is quite shabby, and even

It doesn't look as grand as the Union Bank in Los Angeles.

Who knows that in front of the wolves of Wall Street like New York, Sheffield is just a younger brother? He just feels that the largest city in the United States cannot stand an institution without a United Bank, so he reluctantly runs a bank with lower interest rates than other banks.

, and cannot provide high-quality services. If it were not for personally ordering the workers of United Company to open accounts at United Bank, and without covering up such behavior that is obviously inconsistent with the laws of the market, United Bank's operations would only be even more bleak.

For Blair to move from the Knickerbocker Trust and Investment Company, one of the three major trust companies in the United States, to a place called a bank to strategize, it does mean that the water is flowing downwards, but both Sheffield and Blair believe that this is temporary.

, other banks have collapsed, and United Bank is the winner if it still exists. After all, this is a worse world, and the leftover is king.

"Boss, that's not the case. Our country has a population of 89 million. The area around the New York metropolitan area is the most economically developed and densely populated place in the United States. Even if there is a money shortage among the people, they will not be able to sustain 29 million people.

Even the subscription of US dollars cannot solve it. The money shortage exists, but it does not appear among the people." Blair had to explain the logic to his slave owner boss, "The key reason is that the tax-free bonds of the New York City Government provide

The interest rate is only 4%, which is obviously not enough. As a comparison, the blue chip stocks held by major financial institutions in New York can reach about 6%."

"In this case, citizens will certainly not spend their money to buy public bonds because the rate of return is not high." Blair said with certainty, pointing out the reasons for the failure of the New York government bond issuance.

"Based on my understanding of banks in the Midwest, the problem is huge! Even if the current problem is not with the private sector but with public debt interest rates not being as large as the returns on blue-chip stocks in the stock market, problems in one area will definitely spread to the entire industry, without exception." Sheffield said.

He is not completely ignorant, but he does not understand the methods of these wolves of Wall Street, but he still knows what the banking institutions in the Midwest are like. In fact, these funds can only be withdrawn from major financial centers, because

Under the influence of agricultural financing, national banks in agricultural areas of the United States only hold relatively small cash reserves, only 5% of their book funds.

Five percent of the book capital, as long as there is a slight disturbance, one of these banks will be run and bankrupt. Behind many banks are related trust companies to support them. If any trust company falls, a whole bank will be destroyed.

, the failure of these banks will only cause more citizens to flock to other banks, and the butterfly effect will explode.

"Can you make Union Bank a giant in the financial field after this storm?" Sheffield looked into Blair's eyes and asked every word.

"It depends on how much money I have in hand!" Blair was stunned for a moment, but immediately realized that his boss had decided to become a financial tycoon. This might be the only chance in his life that he could change his face and defeat the slave owner as fast as he could.

They were all shocked. There was no elegance of elites. He simply promised with a ferocious face, "Boss, I will give you a huge reward."

"I'll give you 100 million!" Sheffield stood up coldly and looked condescendingly at Blair's face. "The cash will be sent from Arlington soon. As for me, New York may be decisive and the time will exceed my risk awareness. I

Going home."

The slave owner does not know who is short and who is long now, but he must be one of the shorts, and he has been a short for a long time. Regarding the financial crisis at the beginning of the century, there were rumors that it was not serious, but he did not believe it at all. It was not serious in the same year.

Britain and Germany started a naval arms race? Countries began to upgrade their armaments?

It's just that war finally broke out in Europe, and it didn't seem serious when people looked at the United States. Now it is known in Sheffield that in the past year, the San Francisco earthquake caused serious damage, and a large amount of money was invested in the reconstruction of San Francisco.

Even New York, a financial center, was once in a cash crunch.

Although it recovered later, the marketability dropped significantly and the price of copper failed to rise. The Knickerbocker Trust Investment Company increased its bets to escape, and the New York City government failed to issue public bonds and could not raise money.

Sheffield now even suspected that Standard Oil acted like a rogue to show that it had no money, and what the funds in the account were used for were questionable. His relationship with Rockefeller Jr., his brother-in-law, was obviously a plastic relationship.

He was ready to go home, not to stay in New York in this dangerous situation, and to give up the driving position to Blair. The slave owner only knew about historical events, and there was definitely such a thing, but this thing really happened

, specific details and observations still need to be handled by real financial talents.

Sheffield, who was preparing to return home, finally decided to settle in Chicago, a city that is the transportation center of the entire United States. Edith Rockefeller was very happy and said with joy, "Why do you want to go to Chicago?"

"I just want to see it!" Sheffield didn't say that the financial crisis was coming. He wanted to find a city that was convenient to go anywhere to strategize. It would be too awesome to say that. He would really make a lot of money. He would be bragging about himself.

It's not too late either.

Early that morning, Sheffield saw an article in the Wall Street newspaper, the Chronicle of Commerce and Finance, which said, "Today, neither the United States nor the British Empire, nor even the entire European continent, has enough funds. In order to deal with this situation

, people are saving money all the time, making few new purchases and sales, and railroad companies' need for capital seems to have declined. So as long as we are careful, we should be able to get through this fall without more panic.

Financial austerity.”

After seeing this article, Sheffield immediately decided to book a ticket and leave New York, which surprised Edith Rockefeller, "There's no need to be in such a hurry, right? What happened?"

"Look?" Sheffield handed the newspaper to Edith Rockefeller, who asked in confusion after reading it, "What's wrong?"

Sheffield squinted his eyes with helplessness. Edith Rockefeller's advantages were the same as his own, with more wealth and billions! As for her shortcomings, which were even greater than her own, she was very incompetent in unfamiliar industries, and this woman was even worse than him.

The slave owner pointed to his nose and said, "Look at me, Edith! I said that I will now promote racial equality and give equal rights to the black community. Do you believe it?"

"Stop it!" Edith Rockefeller patted Sheffield on the shoulder and chuckled, "Do you believe what you are saying? Isn't this an obvious lie?"

The smile stopped abruptly. Edith Rockefeller's eyes were fixed on the contents of the newspaper again, and she heard Sheffield speak again, "Book a ticket and go to Chicago immediately. These Wall Street mouthpieces say more than me about giving equal rights to black people."

It’s all outrageous. If they say it’s okay, then there must be something wrong.”

"I'll call right away!" Edith Rockefeller said hurriedly when she saw the slave owner's appearance.

After leaving the Rockefeller Estate and boarding the train, Edith Rockefeller asked, "You thought there would be a financial crisis, so why didn't you say anything at the Rockefeller Estate?"

"Your brother also guessed it, otherwise he wouldn't have reneged on the Department of Justice. Recently, the White House has accused Standard Oil of being a wealth plunderer. It has a large amount of cash in its hands but it is not applicable. John can tolerate this, which shows that he is the owner of this cash.

I won't hand it over, at least not now." Sheffield said in a coaxing way, "You can't help it if you know it, it's better not to know."

"How dare he lie to me? I am his sister." When Edith Rockefeller heard this, she said to herself in disbelief.

Sheffield grabbed Edith Rockefeller's little hand that had nowhere to rest, and said flatly, "Edith, this is very normal. In the face of the impending disaster, no matter how good a personal relationship is, you can't trust it. There is nothing wrong with what John did."

, once the news leaks out, something may happen, and it’s the same for everyone.”

For Standard Oil's failure to pay fines in a timely manner, the White House spokesman used an unprecedented tone to criticize. The spokesman said that some large companies ignored the federal government's policies and joined forces to create financial pressure at all costs; while they abandoned our policies

, while enjoying the proceeds of sin.

From the perspective of big business, Sheffield concluded that this was a scapegoat, and that the federal government may have felt the economic instability. Even the fine of $25 million against Standard Oil was almost the same as the amount of public debt issued by the New York City government.

The White House spokesperson's blame-shifting behavior is simply the ancestor of a certain real estate businessman in later generations. Good things happen to the Presidential Office and bad things happen to the Federal Reserve. No one understands economics better than me. It turns out that the actual operation was first practiced by Roosevelt.

Both the White House and the New York bankers felt that the current problem was the fault of the other party, and they unanimously tried to cover up the situation. However, if the fine imposed by Standard Oil this time was really Roosevelt's intention to kill the rich and help the poor, this kind of operation would have serious consequences for all major companies.

It is a huge threat to enterprises and is simply a precursor to a dictatorship.

The moment he arrived at the Chicago train station, Sheffield went directly to the Farming and Animal Husbandry Agreement and sent a telegram to Jimmy, the head of United Mining, "The negotiations have been terminated and it is announced that the United Company has officially rejected the Knickerbocker Trust Investment Company's acquisition plan."
Chapter completed!