"Let me think about when there is still a chance to benefit!" Sheffield is still thinking about when and what kind of face he will show up with. After Blair proposed the interest rate cut policy, he will definitely be attacked a lot. How to maintain it?

Maintenance is a matter of particular importance.

Although I have thought about how to profit from this financial crisis 10,000 times in my mind, there is a gap between the imagination and the reality. How to reap the benefits is still a very difficult question, and when will it end.

"John's call!" After Edith Rockefeller answered the phone, she covered the phone and said to Sheffield, "It's for you."

Taking the microphone from behind, Edith Rockefeller sat aside honestly and listened to the conversation between the two, "The manager of United Bank came out to express his position at this time. It would have been impossible without your permission. I didn't expect you to feel it earlier."

."

"It's not as early as you!" Sheffield smiled sarcastically and said in a cynical tone, "Actually, I was a little surprised at the time. How could two speculators, Heinze and Morse, make plans in copper mines? Now it seems that they

The two must have received the tacit approval, or even the instigation, of some people, dear John, for them to have such great confidence, if it wasn't Morgan, guess who it was?"

There was silence on the other end of the microphone, and then Rockefeller Jr. said, "It was me, but I didn't encourage them. They both have to blame themselves for what happened today. And I know your strength and will not let the speculation between the two of them happen."

Success, but now it seems that what you want is more than just teaching the two of them a lesson."

"Thank you for thinking so highly of me, John!" Glancing at Edith Rockefeller's sad face, Sheffield put his free hand on Edith Rockefeller's leg and rubbed it, indicating not to be nervous, and kept saying, "

I agree with Blair's call for an interest rate cut, and I will not listen to anyone's advice when it comes to protecting my own employees."

"I just wanted to teach these two speculators a lesson, but now it seems that things have gotten bigger." Little Rockefeller did not expect that he just played a trick on the two speculators, and it seemed that he had gone beyond a company.

The impact of closure.

"Economic prosperity or economic crisis will not have a big impact on companies like ours. As for those individuals and groups that are not strong enough, they should be eliminated. Natural selection means survival of the fittest. This is the unchanging principle.

I won't sympathize with them, so I can accept any outcome of this turmoil." Sheffield had no intention of stopping from the beginning to the end, but he just used these words to distract Rockefeller.

"What is your purpose?" This is the question of Rockefeller Jr.

Sheffield's answer to this question is, "The current situation is unclear, and no one knows where to go next. Don't you think it's a little too early to talk about the purpose? Of course, business owners have much more information than citizens, but not much

The level of a prophet!" What he said makes sense, and he could just go to work in the Ministry of Foreign Affairs.

No matter what little Rockefeller asked, Sheffield went back and forth with the same set of words, and finally made the head of Standard Oil understand that there is no way to talk in slave owners.

In the end, the helpless little Rockefeller decided to talk to his sister Edith Rockefeller. This was of course possible. Sheffield changed positions with Edith Rockefeller, and when Edith Rockefeller answered the phone, he lay down directly, his head

Resting on Edith Rockefeller's thigh, she has the unique temperament of lying flat on her back.

Edith Rockefeller chatted for a while and then put down the phone. She lowered her head and whispered, "Do you blame John in your heart? He just taught two speculators a lesson. These two speculators belong to the upstarts in New York, and they are against some

Big companies don't respect it very much. At least John just wants to teach the two of them a lesson. As for knowing that the two are interested in copper mines, he adopts a tacit attitude, mainly because of the strength of the joint company in mining and not speculation.

affected."

Edith Rockefeller explained what Rockefeller Jr. said. After finishing speaking, looking at the reaction of the slave owners, considering the relationship between United Company and Standard Oil, it was indeed too much to hide this matter. Edith Rockefeller even made a decision in her heart,

He planned to be violently beaten by the slave owner, as long as he didn't get angry.

"I don't believe a word he said, but because you relayed it, I take it as true." Sheffield remained lying on his back and comforted him with a cold smile, "Edith

, in fact, there is nothing to explain. Just like John said, although they were also exploited, there was no possibility for the two speculators to defeat me from the beginning to the end. Because of your relationship, the relationship between United Company and Standard Oil

The relationship is generally harmonious, but both of us have to be responsible for our own companies, so from the other's perspective, I can understand this concealment, so I'm not angry."

Edith Rockefeller listened to Sheffield's words, tears welling up in her eye sockets. She lowered her head and kissed the slave owner who had not yet spoken. Her hair blocked their faces, and they could only hear the kisses.

sound.

Not to mention the relationship between United Company and Standard Oil, the relationship between the United States and Japan in later generations was enough to be allies. As soon as the Diamond Princess incident came out, the United States forced Japan to let the Diamond Princess dock, but in fact it was a ship of the United States.

, leaving the risks and testing to Japan, and only bringing back uninfected citizens.

The Japanese's response was unambiguous at all. It didn't matter that the form was better than the people. They couldn't express their objections, so they just perfunctory with the testing. Until the United States picked up the people, they went through a normal procedure and told the United States to take back the citizens. How many of them were there?

The test report just came out, and there are still infected people in it.

Given the huge disparity in national power between the two countries, they can still stumble upon each other, not to mention that United Company and Standard Oil are both powerful companies, so this incident is very normal, and Sheffield has no intention of blaming Rockefeller Jr.

The slave owner said from the bottom of his heart that he should be responsible for himself.

This made Edith Rockefeller feel guilty, and the slave owner had to comfort her, "Can such a large enterprise be influenced by personal feelings? I wouldn't do it either."

It is a routine operation and nothing unusual. Just like later Spain declared a national state of emergency, but it had to be officially implemented two days later. It meant using a loudspeaker to shout that it gave citizens two days to escape. The direct consequence was that it made the country feel unsafe.

Citizens, flee Spain quickly and spread the infection to other EU countries.

But will this be announced publicly? Absolutely impossible. Under procedural justice, a decision was made to deceive others. Is it any wonder? Not to mention that little Rockefeller claimed that it was unintentional. Even if he did it on purpose, Sheffield

He doesn't take it seriously, because he thinks his company has no problems, and being plotted can only mean that some companies do have problems.

Whether it was unintentional or not is no longer important. Whether active or passive, the two companies that concealed each other have already intervened in this crisis. After persisting for three days, the Knickerbocker Trust Investment Company finally responded to the surging crisis.

The run was over, and the two Heinzes couldn't stand it any longer. They acted separately, one to appease the depositors who had run, and the other to immediately seek help from the New York Clearing Center.

New York bankers learned from the practices of the London Clearing House and established the New York Clearing House. The purpose of establishing the New York Clearing House was to eliminate the costs of bilateral clearing and separate clearing between banks, and as the number of banks in New York City continued to increase.

, improve clearing efficiency and reduce risks. After the establishment of the New York Clearing Center, in addition to providing inter-bank clearing services, it also assumed the important functions of risk management and anti-crisis for the banking industry.

The New York Clearing House has shown its ability to effectively control panics and has successfully resolved financial crises many times. The anti-crisis mechanism is mainly divided into three steps: First, the clearing house usually requires its members to submit balance sheets regularly, and through the clearing house

or state regulatory authorities to announce it.

Therefore, in the early stages of the financial crisis, the member-based clearing house can conduct timely investigations to obtain the asset and liability information of member banks, and use this to judge the solvency of member banks in distress and decide whether to rescue them.

After the rescue is determined, the clearing house immediately organizes cooperative actions among its member banks, uniformly allocates the reserves of each bank, and provides loan assistance to banks in distress. If the clearing house's reserves are insufficient to cope with the crisis, the clearing house will issue clearing house loan certificates

, circulates among member banks as a temporary emergency currency. The loan certificate of the New York Clearing House is a temporarily issued letter of credit. The borrower of the loan certificate must pay interest and repay it in the short term. If it is overdue, it will be fined with high interest.

The clearing house acts as an intermediary and guarantees that borrowers will pay back on time.

But this time Heinze and Morse's expectations were disappointed. Rockefeller Jr. had already greeted the bankers at the New York Clearing Center and stopped him on the grounds that the run crisis on the Knickerbocker Trust Investment Company had spread to other banks.

The clearing center provided assistance to the two people. To be clear, the member banks of the clearing center did not want to continue providing assistance.

The source of the two speculators' request for help was strangled by Rockefeller Jr. Heinze had to continue to publicly declare, "There is no problem with the funds of Knickerbocker Trust Investment Company, and his bank is also very healthy. The stocks I have on hand are not in trouble."

Selling one share, I still control Merchant National Bank. The current bad situation is all caused by the actions of the Clearing House Committee. They did not say in the statement that the bank was fully solvent, but that it borrowed money from it.

They exaggerated their claims and triggered a run. This group of people actually hoped to attract depositors to their institutions."

Desperate, Heinze and Morse targeted the New York Clearinghouse, believing it to be a conspiracy by the Clearinghouse.
Chapter completed!