Chapter 482: The storm is going out

"I found out today that you are just a gentleman." Sheffield raised her hand to take over the wine glass. The wine glasses of the three people touched with a crisp sound. Why is this wine so sweet today, and the free environment is different.
Sheffield cherishes the chance of harmony in the Morgan Tower. After all, after this round has passed, I do n’t know what will happen in the future. Similar to the current unity, its happiness will save the market. It is estimated that there will be no second time in 20 years. As for twenty years later, who can guarantee that they can still respond to each other, the world is changing so fast.
Counting to Sheffield, I still feel that I am making money, and I do not regret the loss of some small profits. If you let Wall Street bankers, especially Morgan, become the Fed, if there is a conflict in the future, if your own industry confronts Morgan, it will be equivalent to fighting a plug-in company. This is very unfair.
If the reverse is acceptable, the Fed has great benefits. If you do n’t have your own share, it means that there is no benefit. It should not appear.
From the moment the three people stood together, this financial crisis was over. The effect was immediate. A large amount of capital was not injected into the stock market, and the chatter situation was toughly reversed. The closing price surged by 2.4% that day. For today ’s stock market that was two-thirds yesterday and yesterday two-thirds the day before yesterday, a 2.4% increase can already be regarded as a recent surge.
The first step in Sheffield is to repurchase the shares of listed companies in her own industry, which can of course also be considered as part of the bailout plan, but the first thing to save yourself. Rescue high-quality assets, who dare to say United Fruit Company, Coca-Cola is not a high-quality asset?
The trickle-down effect is a good theory. Only when I ’m full can everyone be full. How can small businesses benefit if they do n’t let large companies eat? The stability of the stock market is the first step to restore market confidence. The feeling of coming is the most intuitive, especially in places like New York.
"Actually, this financial crisis broke out mainly because there was no central bank." Seeing that the stock market had returned to stability, JPMorgan seemed to inadvertently say this sentence.
"Oh?" Sheffield knew at a glance that Morgan Jr. hadn't given up on the idea of ​​establishing the Fed, but he replied as if he didn't understand. "Let the federal government establish a national bank, what is it called, third bank?" "
"You misunderstood what I meant, William!" Little Morgan said blankly. "This kind of bank cannot be in the hands of any central government. If it appears, how do we monitor him, what do he want? We all do I do n’t know, even if we want to distribute waste paper, shall we continue?

Sheffield nodded in ignorance. This was also a problem. When the money printing machine was used for irrigation, it hurt everyone's interests. Why did the Artillery Party collapse? It's not that the wheels of the printing presses are smoking, causing the economy to collapse.
In fact, this situation has occurred many times earlier. In the history of the Yuan Dynasty, there were not many advantages, and the level of state administration was almost equal to no one. Except for sending people to collect taxes once a year, people did not usually feel the existence of the court.
But there was one point that the monetary policy of the Yuan Dynasty was one of the few bright spots. Until the collapse, it tried its best to maintain the stability of the banknotes. As for the later Ming Dynasty, the monetary policy can be said to be the worst in unity. The court can buy materials with the banknotes, but the private The paper money could not be used instead to find the court to exchange coins. As a result, the paper money quickly disappeared from the country. Hong Wu was no longer recognized by the people as soon as it was completed. In the early Ming Dynasty, there were many remnants of the Yuan Dynasty.
Emperor Hongwu of the Ming Dynasty was a famous ruthless man in history. Even if there was a serious problem with monetary policy, which led to civil complaints, he could hold it down and replace it with a gun party like this.
Private banks in the United States will not allow it, and the central government has a strong banking system. In this way, the authority of the federal government will increase greatly. It is really a last resort. It is really necessary to start the printing machine to smoke. It will be damaged. One dollar is one dollar in the hands of citizens, and it will not become two dollars in the hands of bankers. Once wealth is diluted, it must be for all. It will not distinguish between bankers and ordinary citizens.
Everyone hopes that this institution is in their own hands. If it can become a tool for shearing wool to others, then it is completely acceptable.
Sheffield understood the meaning of Little Morgan, but pretended to be a financial little white to understand the other party ’s words, because he also considered this issue. Morgan hoped that the tool for shearing wool was in the hands of his dominant system, but Sheffield did not Don't think so, does Morgan look handsome? The slave owner also felt that he was the best person to hold the scissors.
But with the strength of the current financial system, the Morgan and Rockefeller families are stronger than themselves, so the Fed still does not appear, and now the reputation of bankers is stinking? It's better to wash yourself first and think about it.
"In fact, it is possible to establish a federal bank on a state basis, so that it can take care of the rights of the state. Isn't it good to attribute the rights to the states!" Sheffield said that the little Morgan's side-by-side round of this round was a complete failure.
Sheffield is a Texan. From the perspective of population and size, it is true for any state, and it can also strengthen the rights of the state government. Is it possible to check and balance the federal government? At first, it was just a happy mouth, but words Upon exit, the slave owners felt that their ideas were justified.
This is equivalent to two people talking about cats, Little Morgan talking about lions, and Sheffield talking about tigers. They all look like big cats, but they are actually far away.
The general republic we are familiar with is different. The United States is not a republic, but a United States. To put it more clearly, at the beginning, he was just a confederation of 13 independent countries. Strictly speaking, the states of the United States should not be called states. This is just our customary translation error. Strictly speaking, the states of the United States should be translated into states. "The struggle between state power and federal power continued until the 21st century.
In terms of state power, Sheffield, who was born in Texas, has the most say. Did n’t see the Union Cross ’s Southern Cross still flying high? The Lone Star Republic can be independent at any time. This is the fundamental fact that every citizen born in Texas should know from the beginning of education.
If a Texan does not put the rights of Texas above the federal government, he is not worthy of being called a Texan and can be independent of the basic rights of Texas citizens at any time. Is the history textbooks printed by the United Company free of charge for public colleges every year in gray hair? Only history textbooks are printed for free, but this has fully demonstrated the conscience of the company.
During the half-month of the bank's closure across the country, the three major companies were fully fired. Sheffield also formed its own financial institution, the United Trust Company, and invited people such as Morse, Heinzer and Barney to enter the trust company. As for Union Bank, Blair is still responsible.
Since then, these direct witnesses that created the financial crisis have been transformed and included by Sheffield. On the issue of mergers and acquisitions, slave owners always do not kill others, and everyone makes money together.
For several people who are close to bankruptcy, it is now the best result, but for countless domestic bankrupt depositors, this result seems a bit unfair. It doesn't seem to be, it's very unfair.
Maybe this is life. Sometimes such things happen. How can there be so many fair things? Is n’t the Red League, which often calls for equality, finally disintegrated? This is the free United States, which includes ordinary citizens and slave owners. The right to express freedom, but relative to ordinary citizens, the right to speak is in the hands of the slave owners, so this voice of opposition can be ignored.
"Dear gentlemen, for you, this time the storm is over, congratulations, you do n’t have to find a balcony to end your life like many people, of course, this is not absolute, if more in line with national conditions, congratulations to you You do n’t have to shoot yourself in the head.
At the original headquarters of the Nick Polk Trust Company and now the headquarters of the United Trust Company, Sheffield held a glass of wine, showing an arrogant attitude,
Life is still growing, temporary setbacks are not What kind of."
Heinze and Morse came with their families and had to say that Morse's daughter was a very beautiful girl. Of course, Sheffield didn't have any blasphemy, just praised two words.
If Morse knew that Sheffield had just looked at her daughter more than once, she might have made the decision to let her daughter agree with her, and it was a shame that a great opportunity would just slip away from her side.
For these upper class people who should have fallen sharply and their wives and children have fallen to the bottom of the society, this experience has been remembered enough. From this perspective, sacrificing the body of the daughter is not a big deal. Really bankrupt, I don't know which poor ghost is cheaper.
For them, this time the crisis is over, but for most citizens of this country, the crisis is only just beginning. The three big companies have joined forces to save the market, just pulling the economy out of free fall. It is impossible to return to the past, but this is not a play. How can the losses in the stock market banks not have a little impact on the national economy.
After the period of free landing, the national economy will enter a slow recession, which will take at least a year or two to recover, but compared with the thrilling period of this period, it is almost equivalent to living in paradise.