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Chapter 741: The First Debt Default (Repair)

The Fourteen Points were proposed entirely from the perspective of the United States. To put it bluntly, it is only good for the United States at present. In terms of the area and population of the colonies, let alone compared with Britain and France, even if it is

The United States is nothing compared to the Germans.

Even if all the colonies become independent, the United States will be fine, but other countries will be finished. How can we forget the natural leader of the Slavic world, Russia? Everyone knows that Russia is English-speaking, both in terms of area and population.

It can be said that there is no one who is the biggest challenger to the country.

Only the Five Eyes alliance can complete the crushing of the Slavic world. Of course, there are other countries as candidate challengers, but compared with the sufficient population, other countries are not enough in terms of resources.

Naturally, the Fourteen Points Principles will not forget the role of the Soviet Union, still called Soviet Russia, in how to wrest Eastern Europe from the hands of the Russian Empire and its successors. In 1918, President Wilson had already adopted the Fourteen Points Principles.

It was explained.

Therefore, these fourteen-point principles undoubtedly established President Wilson’s position in the history of the United States. That is to say, when President Hill appeared, the United States had not yet achieved its goal of world hegemony. Otherwise, it is very likely that the four big heads on President Hill would

There is a place for Wilson.

This was the guideline for the United States to intervene in the world in the future, but in 1918? It was a bit too optimistic to put it forward. At the Paris Peace Conference, Britain and France, which had already ended, directly regarded Wilson's ideas as waste paper.

The fundamental reason is that the military power of the United States is not taken seriously. The American Expeditionary Force did not show respectable combat effectiveness. The British and French joint forces ignored this proposition.

This is the reason why Sheffield said that Britain and France should take advantage of the situation. Unfortunately, the United States does not have this condition now, both in terms of social foundation and ideological preparation. It is expected that the beacon of humanity, which is still in its infancy, will fight with the real imperialist powers with real swords and real guns.

, maybe he peed his pants before he did anything.

While speaking, Sheffield had already dressed and took the top hat from Alice Roosevelt, "I'll go to Little Morgan's to see how serious the situation is? But I guess the problem is not big."

"Is it because the Soviet Union announced that it would not recognize the loan?" Alice Roosevelt asked, "Is the matter serious?"

"It's neither serious nor serious. The losses are really huge, but all European capital has flowed into our country because of the war. No one knows how big the figure is. Even my arms trade and the loan sharks of Rockefeller and Morgan may not be enough."

, Our figures can be calculated, but it is impossible to calculate how much money has entered the country in the past three years." Sheffield shrugged, "Only Mr. Morgan himself should know the losses of Morgan Bank."

It is also a coincidence that when President Wilson announced that the Fourteen Points were so important, the lifelong enemies of the United States, the Bolsheviks within Imperial Russia, also announced an important decision. To put it bluntly, the Central Committee has decided that the conflict between the imperialists

Military loans have nothing to do with us, the proletariat.

This was because of the first default of World War I, and the person who suffered the biggest blow was the Morgan Bank, which had lent US$470 million to the Russian government before the collapse of the Russian Empire.

Although the Bolsheviks' default behavior caused the greatest damage not to Morgan Bank, but to the French. But Sheffield knew that this impact would eventually be transmitted to the United States, because France used various means for a long time after the war to get the Soviet Union to admit its debts and repay them.

First of all, France's debt conditions to the Russian Empire are actually quite good. At least compared to various colonies, the Russian Empire does not need to sign various unequal treaties or even a Franco-Russian alliance to borrow money. The conditions are still relatively favorable. But when the foreign debt reaches a certain scale, it will

I can't afford to pay it back even if I want to.

Regardless of whether the Soviet Union had integrity or the spirit of contract, the foreign debts owed by Imperial Russia and the Provisional Government were objectively unaffordable. Not only could they not repay them, Soviet Russia also began to nationalize French investments in Imperial Russia.

As the largest debt and capital exporting country of Imperial Russia, France undoubtedly suffered the greatest losses after the establishment of the Soviet Union. This is also the fundamental reason why France was the most tough country against the Soviet Union in the early days of the establishment of the Soviet Union.

The influence of the Soviet Union's default was just the beginning. Starting from the debt problem caused by the Soviet Union, the Allied camp began to argue over the debt issue. The remaining Allied powers, Britain and France, adopted different attitudes towards the Soviet Union's default, but

It's the same for the United States.

The British attitude after the war was that the United Kingdom could acquiesce to the Soviet Union's default behavior. At the same time, for the overall benefit of the participating countries, the United Kingdom pardoned the Soviet Union's debts, and the United States should also keep the British debts secret.

The French chose a completely different strategy, that is, the Soviet Union would not pay back the money, and France would not pay back the money. The purpose was the same, but Britain and France adopted different methods.

The United States, which also suffered heavy losses due to the Soviet Union's default, stood firmly on the side of France. As a result, France jumped left and right and was betrayed. Under the fierce opposition of the United States, France established diplomatic relations with the Soviet Union, making the United States the only country that insisted on the Soviet Union.

It seems very embarrassing for a big country to pay back money.

This was the debt problem that lasted until World War II. Capitalism, socialism, Britain, France, and the Soviet Union, the successor to imperial Russia, just wanted to default on their debts.

The triangular debt problem that had lasted for decades had already erupted at this time. Sheffield swore that he had never seen little Morgan associated with the word forced smile, but the slave owner could not find any other adjective.

After using a long opening speech and explaining his purpose in a roundabout way, little Morgan finally couldn't help but be tortured by his words. If it were normal, as a master of words, he would still talk in circles with the slave owners, but now he really

He was not in this mood, "Tell me, William, why did you come to my place?"

Of course it's a joke! Ahem! Sheffield cleared his throat and said, "There are some rumors that Morgan Bank suffered heavy losses due to the Bolsheviks' statements. I came to confirm."

Little Morgan's face instantly became extremely constipated, "Who did you listen to? This is a statement without any source."

"You should look at the New York Stock Exchange and your bank's stocks now." Sheffield said noncommittally, "Capital will not lie to people, and big trouble will happen if you keep it secret like this. I just want to know if it is serious.

"

"Four hundred and seventy million dollars, do you think it's serious?" In desperation, Morgan Jr. revealed the truth, but still said there was no problem. "The domestic consumer market has soared in the past three years, and the bank's business is also very good. But.

If the money really cannot be recovered, it will indeed be a major blow to the bank's business."

In other words, it is still within the control range? Sheffield nodded clearly, but if little Morgan knew that this was just the beginning, would he not be so optimistic?

Slave owners knew the butterfly effect of Soviet default. If France could not receive the money, it would not pay back the money from the United States. As for the Soviet default, the British losses were not big. They just used the source of Soviet default after the war to force the United States to pardon with a high profile.

debt.

"Let me ask, how much loans does Morgan Bank give to Britain and France?" Sheffield lit a cigarette and asked seemingly concerned.

"It adds up to about one billion U.S. dollars in the past few years. In the first year, France borrowed 100 million from me. In the second year, the combined loan from Britain and France was 600 million. Last year, the loan was 1 billion. But last year, it was not just Morgan

It's the bank's." Little Morgan took a deep breath. Apparently after the Soviet Union's default, he began to feel unsure about Britain and France.

"Oh!" Sheffield took a puff of his cigarette. Fortunately, Britain and France continued to play coy with each other until the 1930s, but they still paid back some money during the period. Otherwise, if they announced to follow the Soviet Union after the war, wouldn't Morgan Bank explode on the spot?

?

"Those bastards have no contract spirit, but they can't hit Morgan Bank." Little Morgan did not ask for help, but said that he could stand it completely.

That's great! Sheffield is not really prepared to spend money. If it spends money to rescue, it depends on how many properties of the Morgan Alliance are worth acquiring. Is this proletarian deadbeat a deadbeat? After the war, little Morgan will discover,

Even the property owners of the imperialist powers will still default on their debts.

After confirming that little Morgan could hold on, Sheffield walked around and went to Citibank to change the venue to watch the excitement. Although little Morgan did not say who his allies were for last year's loan, the slave owner thought about it, a person with such strength,

It must be the two giants of Citibank, one of which is the Rockefeller family.

The Rockefeller family's loan did not involve Imperial Russia, and Morgan Jr. had to shoulder the $470 million debt by himself. But Sheffield wanted to see if Rockefeller Jr. was affected.

The slave owner was disappointed. He could not get an answer from Rockefeller Jr. As he grew older, his brother-in-law became more and more similar to the old Rockefeller's poker face.

"The situation is still very good!" Since everyone thinks they can survive, what should Sheffield worry about? He should honestly earn some hard money and not participate in these loan sharking things.

If you have this time, why not talk about the issue of deepening the medical industry and ask Rockefeller Jr. about the current domestic health situation, "Do you want to invest in the medical industry?"

Facing his brother-in-law's question, Sheffield said, "Just asking. Everyone knows that many sources of injuries on the battlefield are not just bullets. If some infectious disease breaks out, the consequences will be disastrous."

"I've heard about this, and how could an infectious disease break out in our country? We haven't been affected at all." Rockefeller Jr. said calmly.
Chapter completed!
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