"I just discovered today that you are simply a gentleman." Sheffield raised his hand and took the wine glass. The three people's wine glasses touched each other and made a crisp sound. Why did the wine taste so sweet today? Sure enough, the free environment is different.

Sheffield cherishes the opportunity for harmony in Morgan Towers. After all, after this round has passed, I don’t know what will happen in the future. Similar to the current unity and joy of saving the market, it is estimated that there will not be a second time in twenty years. As for

Twenty years later, who can guarantee that we will still be able to respond to everything at once? The world is changing so fast.

After all the calculations, Sheffield still feels that he has made a profit and does not regret the loss of some petty profits. If Wall Street bankers, especially Morgan, are allowed to become the Federal Reserve, if there is a conflict in the future, their own industry and Morgan

Confrontation is equivalent to fighting a company that uses cheats, which is very unfair.

If the reverse is still acceptable, then the Fed has great benefits. If it does not have its own share, it means there is no benefit, and it should not exist.

From the moment the three people stood together, the financial crisis this time was over. The effect was immediate. A large amount of money was not injected into the stock market, which forcefully reversed the chattering situation. The closing price surged 2.4% that day. For today

It was two-thirds of yesterday's, and yesterday was two-thirds of the stock market the day before yesterday. The 2.4% growth can be regarded as a recent surge.

Sheffield's first step is to buy back the shares of listed companies in its own industry. This can of course be considered part of the rescue plan, but the first thing to save is itself. To save high-quality assets, who dares to say that United Fruit Company, Coca-Cola, etc.

Is the company not a high-quality asset?

What a good theory the trickle-down effect is. Only when I am full can everyone be full. If large companies are not fed, how can small businesses benefit? The stability of the stock market is the first step to restore market confidence. The stop of the plunge will bring

The feeling of coming here is the most intuitive, especially in a place like New York.

"Actually, the financial crisis this time broke out mainly because there was no central bank." Seeing that the stock market had returned to stability, little Morgan said this seemingly unintentionally.

"Oh?" Sheffield knew as soon as he heard it. Young Morgan still had not given up the idea of ​​establishing the Federal Reserve, but he pretended not to understand and replied, "Let the federal government establish a national bank. What is it called this time, the Third Bank?

"

"You misunderstood me, William!" Little Morgan narrated expressionlessly, "This kind of bank cannot be in the hands of any central government. If it appears, how can we monitor it? What does it want to do? We all

I don’t know, even if we want to issue waste paper, should we still go ahead?”

Sheffield nodded with a look of ignorance. This is also a problem. Turning on the money printing machine to fill it with water hurts everyone's interests. Why did the Communist Party collapse? Wasn't it because the money printing machine was smoking, causing the economy to collapse?

.

In fact, this situation has happened many times earlier. Historically, the Yuan Dynasty court had few advantages, and its governance level was almost non-existent. Except for sending people to collect taxes once a year, the people usually did not feel the presence of the court.

.

But one of the few bright spots was the monetary policy of the Yuan Dynasty. They tried their best to maintain the stability of paper money until the collapse. As for the later Ming Dynasty, the monetary policy can be said to be the worst in the unification. The imperial court could use paper money to purchase supplies, but the private sector

Paper money could not be exchanged for coins from the court, which resulted in the paper money quickly disappearing from the country. Once the Hongwu Dynasty was completed, it was no longer recognized by the people. In the early Ming Dynasty, there were many old people in the Yuan Dynasty, so Emperor Hongwu had to strictly order that he must serve as an official after being called up.

Emperor Hongwu of the Ming Dynasty was a famous ruthless man in history. Even if there were serious problems with the monetary policy, which caused widespread complaints among the people, he could completely suppress it. If he were replaced by someone like the Pao Dang, he would immediately collapse.

The private banks of the United States will not allow the central government to have a strong banking system. In this way, the authority of the federal government will be greatly increased. When it is really necessary, the money printing press will be turned on to smoke, and it will be in the interests of everyone.

All will suffer. One dollar in the hands of citizens is one dollar, and it will not become two dollars in the hands of bankers. Once wealth is diluted, it will definitely be for everyone. It will not distinguish between bankers and ordinary citizens.

Everyone hopes that this kind of institution is in their own hands. If it can become a tool for oneself to shear others' wool, then that is completely acceptable.

Sheffield understood what little Morgan meant, but he still pretended to be a financial novice who couldn't understand what the other party said, because he was also thinking about this issue. Morgan hoped that this sheep-shearing tool would be in the hands of the system he dominated, but Sheffield did not

If you don’t think so, could it be that Morgan is handsome? The slave owner also thinks that he is the most suitable person to hold scissors.

But with the strength of the current financial system, the Morgan and Rockefeller families are stronger than themselves, so the Federal Reserve should not show up, and how bad is the reputation of bankers now? It is better to think about this first to clear yourself up.

"In fact, we can establish a federal bank on a state-by-state basis, which can take care of state rights. Wouldn't it be great if the rights belong to the states!" Sheffield made it clear from the beginning that Morgan Jr.'s round of insinuations was a complete failure.

Sheffield is a Texan. From the perspective of population and area, it is worthy of any state, and it can also strengthen the power of the state government. Can it also check and balance the federal government? At first, it was just a happy talk, but the words

As soon as the words came out, the slave owners felt that their ideas were so reasonable.

This is equivalent to the two of them talking about cats, little Morgan talking about lions, and Sheffield talking about tigers. They seem to be big cats, but in fact they are far different.

Different from the general republics we are familiar with, the United States is not a republic, but a United States. To be more clear, at the beginning, it was just a confederacy composed of thirteen independent countries. Strictly speaking, the states of the United States

It should not be called a state, this is just our habitual translation error. Strictly speaking, all states in the United States should be translated as states. The struggle between state rights and federal power continues into the 21st century.

.

When it comes to state rights, Sheffield, who was born in Texas, has the most say. Didn’t you see that the Southern Cross flag of the Confederacy is still flying high? The Lone Star Republic can become independent at any time. This is for everyone born

Citizens of Texas should know the basic facts from the beginning of their education.

If a Texan does not put the rights of Texas before the federal government, he does not deserve to be called a Texan. It is the basic right of Texas citizens to be independent at any time. United

Are the history textbooks that the company prints for free for public colleges every year? Only history textbooks are printed for free, but this fully demonstrates the conscience of United Company.

During the half-month period when banks across the country were closed, the three major companies were in full swing. Sheffield also established its own financial institution, United Trust Company, and invited people like Morse, Heinze and Barney to join the trust company. As for United Trust Company

Blair is still responsible for the bank.

Since then, these direct witnesses who created the financial crisis have suddenly been incorporated by Sheffield. When it comes to mergers and acquisitions, slave owners have always refrained from exterminating others and let everyone make money together.

For a few people who are on the verge of bankruptcy, this is already the best result. However, for countless depositors in the country who have gone bankrupt, this result seems a bit unfair. It doesn't seem to be the case, but it is very unfair.

Maybe this is life. Sometimes things like this happen. How can there be so many fair things? Didn’t the red alliance that often called for equality eventually disintegrate? This is the United States of freedom, both ordinary citizens and slave owners.

The right to freedom of expression, but compared to ordinary citizens, the right to speak is in the hands of slave owners, so this kind of opposition can be ignored.

"Dear gentlemen, for you, this storm is over. Congratulations, you don't have to find a balcony to end your life like many people. Of course, this is not absolute. If it is more in line with the national conditions, congratulations.

No need to shoot yourself in the head." At the original headquarters of Knickerbocker Trust Company, now the headquarters of United Trust Company, Sheffield raised his glass and showed his arrogant attitude, "Life is still long, temporary setbacks are not

What the heck."

Heinze and Morse both came with their families, and I have to say that Morse's daughter was a very beautiful girl. Of course, Sheffield didn't have any blasphemous intentions and just praised her a few times.

If Morse had known that Sheffield had just taken a second look at his daughter, he might have made the decision to let her marry him. It is really a pity that a huge opportunity slipped away like this.

For these upper-class people who should have plummeted, with their wives and children falling to the bottom of society, this experience is enough to be remembered. From this perspective, sacrificing their daughter's body is not a big deal. If they are really bankrupt, they still

I don’t know which poor guy is cheaper.

For them, this crisis is over, but for most citizens of this country, the crisis has just begun. The three major companies have joined forces to rescue the market, which only pulls the economy out of freefall.

It is impossible to recover to what it was before. This is not just playing house. How could the losses in the stock market and banks not have some impact on the national economy?
Chapter completed!