The Federal Reserve will appear sooner or later. It turns out that the slave owners are deaf and dumb about this matter and have an attitude of being uninterested. This is entirely because they have not accumulated enough in the financial industry to snatch satisfactory results from the many bankers in the New York metropolitan area.

a portion of.

For this reason, he even tricked little Morgan and used public opinion to completely blackmail the last banking crisis and the civil war between trust companies and bankers. Now that I think about it, it cannot be said to be slander. It was indeed a man-made crisis.

Now and then, the current environment is different from that then. After the last banking crisis, bankers have reached a consensus that a national bank will be established sooner or later, but it is only the citizens who have doubts about this.

These are all difficulties that can be overcome. For a political system like the United States, citizens have always had the right to express opposition, but they have never truly opposed anything successfully.

The reason why the First Bank and the Second Bank of the United States ended so hastily is not because of what the citizens really think of the national bank. It is because a group of bankers in the citizen class are very dissatisfied with the state-owned banks and pretend to represent the opinions of citizens, so that the First Bank and the Second Bank of the United States

The second bank disappeared.

Then there is the geographical issue. The base of the Democratic Party is wary of New York bankers. Because after the Civil War, the richest slave-owning class in the past has disappeared, and the economic comparison has become increasingly unfavorable to the South.

Citizens in the Midwest are also afraid of the economic strength of the New England region in the Northeast, because the emergence of a national bank will cause New York's financial capitalists to dominate the country.

Various reasons prevented New York bankers, represented by the Morgan family, from succeeding in their plot to establish a national bank. But Sheffield knew in his heart that this was a matter of sooner or later, not if.

At dinner, Louis Morgan asked why Sheffield had changed his mind and brought it up.

"I'm not really against it, I just want to get more. It turns out I didn't have the strength, now do I? I can barely do it." Sheffield chewed the veal lightly, twitching his eyebrows and said, "Dear

Yes, you can hide it well. You have never mentioned the matter of the National Bank in front of me. Your loyalty to the family is very firm."

"I just know what my father and brother are thinking. I can't say I'm hiding it. Are you sorry for saying this? You and I already have children." Louisa Morgan said very dissatisfied when she heard this, "Aren't you hiding it from me too?

I always acted like nothing happened.”

"So we are an alliance of shameless families. Don't tell me, it's quite interesting to be wary of each other like this." Sheffield took a sip of red wine and said noncommittally, "The reason why I agree is because the Democratic Party is now in power. This change

Major events in the future will best occur in a political environment that is favorable to me. Once this national bank appears, the shareholders in it will become a whole. Maybe we will end the history of being wary of each other and fighting each other, and work together in the days to come.

foreign."

"I always thought you didn't think much of banking." Edith Rockefeller interjected. "It's like your Union Bank. It's just a matter of having and not having."

"How is that possible? I don't value banks only partially. That's because bankers themselves don't create much value, and financial capitalists are the most greedy and shameless part of the capitalist group." Sheffield paused and looked at this.

Louisa Morgan explained, "I'm not talking about the Morgan family, but bankers as a whole are indeed much more greedy and shameless than industrial capitalists. The Morgan family has never been far behind the Rockefeller family in terms of assets, but their reputation

It’s even bigger. This is the invisible force driven by bankers.”

Is Sheffield now considered the richest man in the world? Of course, he has completely secured this position. However, most citizens believe that he achieved this by selling his shares in United Motors Corporation.

This is the difference. Many people believe that the slave owner, the richest man in the world, was created by the Morgan Alliance. From this point, we can see the invisible influence of financial capitalists.

Alice Roosevelt, Evelin and others listened attentively on the side as their men and the female members of the other two top families explained important events that could change the economic structure of the country and even the world.

Sheffield was not coerced by anyone in this matter, but felt that it was time to push forward. Moreover, in his eyes, the Federal Reserve was not a complete check and balance on himself. As long as he established a foothold in the Middle East, he would in turn make plans for Morgan.

Years of banking checks and balances.

Oil can be bound to the US dollar in the future, of course it can also be bound to the ruble, or even the euro, or the RMB.

Of course, the first premise is that he wants to build the alliance countries in the Middle East into an entity that can protect itself. Nuclear bombs are standard equipment. It must be a country that surpasses Israel in all aspects. Weapons related to nuclear weapons, whether they are submarines or intercontinental missiles

Have it all.

By doing this, he dares to threaten anyone, and he can become friends with any country. If he wants to tie oil to dollars, he can tie dollars, and if he wants to tie rubles, he can tie rubles. After the Soviet Union is repaired, he can even be friends with the motherland of the proletariat.

There is nothing wrong with this.

Even if the Federal Reserve is established, the Sheffield family can interfere with the Federal Reserve, but the Federal Reserve cannot interfere with it in turn. This is the national bank that slave owners want to emerge. Rather than what some people think, everyone will be a grasshopper on a rope in the future.

Although negotiating in pajamas is very unsightly, who told little Morgan to come too early? Sheffield appeared yawning, which was in sharp contrast to the well-dressed little Morgan.

If two people appeared at a high-society ball at the same time, I believe no one would treat the slave owner as a meal.

"You came very early, my friend." Sheffield, who was fiddling with his toothbrush, greeted vaguely, "I just had an intention. There's no need to be in such a hurry. Aren't you ready to make preparations?"

"What else is there to prepare? I have been preparing for so many years." Little Morgan said with a smile, "Look at my plan, and you will find how impeccable it is. It takes care of banks all over the country and is perfectly thought out."

"This kind of rhetoric is reserved to fool the citizens. It is a waste of time to say it in front of me." Sheffield raised his head and spat out the mouthwash. As he was talking, little Rockefeller also knocked on the door, and Edith Rockefeller and Louisa Morgan also came from

I came out of the bedroom and sat across from Little Morgan and Little Rockefeller. As for whether Alice Roosevelt and others were eavesdropping upstairs, no one knew.

According to the plan produced by Morgan Jr., the National Bank consists of twelve regional reserve banks, business executive agencies, the Federal Reserve Board and the Federal Open Market Committee. Although it is a private banking institution, as a central bank, it and the government

There are inextricably linked relationships.

This is inevitable. Although this national bank is not a state-owned bank, but a private bank, it plays the role of the national central bank and cannot be completely separated from the influence of the federal government.

The main tasks of this bank are to manage and regulate the banking industry, implement monetary policy through the purchase and sale of U.S. Treasury bonds, and maintain the payment system. Although it is a private bank, its responsibilities are no different from central banks in other countries.

The authority is the Federal Reserve Board of Governors located in the capital, Washington, D.C. This board can decide on the candidates for the presidents of the twelve regional Federal Reserve banks, and even their salaries. Their core job is to formulate monetary policy.

"William, what do you think?" Little Morgan asked as he watched Sheffield read the plan for a long time and exchanged opinions with Little Rockefeller.

"Is this what your airtight plan is all about? I have a little question, why are the voting rights of the New York Reserve Bank permanent? The same as the seven governors of the Federal Reserve Board?" Sheffield put down what Morgan Jr. thought he was.

With an impeccable plan and a rough idea, now it’s time to ask for a price.

"It seems to be very balanced, but in fact it still focuses on taking care of the interests of New York." Sheffield shrugged, "I think the voting rights of the Dallas Reserve Bank should also be permanent, and there is no possibility of rotating voting."

"William, in fact, we all understand that the strength of the country's financial system, New York far exceeds that of other cities, even the total. This plan takes care of thousands of regional banks across the country, which is considered very fair." Young Rockefeller opened his mouth and explained.

reasons.

"Who are the shareholders behind thousands of regional banks? Everyone knows very well that there is a lot of room for maneuver here. So the so-called thousands of regional banks as equal shareholders are just rhetoric. What really matters is the permanent voting rights."

Sheffield said unmoved, "I don't care about other cities. Texas must be the same as New York. It must not share rotating voting rights with other places. It must have separate and permanent voting rights."

"This is unfair to other cities!" Morgan Jr. frowned, "Boston and Chicago are both cities with strong financial power, and they do not have permanent voting rights."

"This is just like an election, my friend. Texas is the largest state in the continent and the most populous state in the South. We all know in our hearts that from a resource perspective, my hometown is very powerful.

There is irreplaceability in oil." Sheffield clapped his fingers and explained the advantages of Texas one by one.

"This can be adjusted later." Morgan Jr. gave an ambiguous answer.
Chapter completed!