Chapter 458: Burst the bubble

In fact, Sheffield did n’t quite understand whether the real folks were out of money. The slave owner was similar to an idiot in finance, but it did n’t matter. Is n’t someone who knows it just got dug up? The headquarters of Union Bank in New York is quite shabby, even It's not as good as it looks at Los Angeles Union Bank.
Who let Sheffield be a younger brother in front of these Wall Street wolves in New York, only to feel that the largest city in the United States and the institutions without Union Bank ca n’t look past it, so they barely run a bank with lower interest rates than other banks. Without providing quality services, if it were not for personally ordering the workers of Union Company to open an account with Union Bank, the operation of Union Bank would only be even more bleak without using such apparently unlawful behavior to cover up.
Getting Blair from Nick Burke Trust and Investment Company, one of the three major trust companies in the United States, to such a place as a bank is indeed a bit of a stream of water, but Sheffield and Blair believe that this is temporary. All other banks have closed down. Union Bank still exists as a winner. This is, after all, a worse world, and the rest is king.
"Boss, this is not the case. Our country has a population of 80-90 million. The surrounding New York metropolis is the most economically developed and densely populated place in the United States. Even if there is a shortage of money in the private sector, it will not even be 29 million. The subscription of the US dollar cannot be solved. The money shortage exists, but it does not appear in the private sector. "Blair had to explain the logic to his slave owner," The key reason is that the New York City government tax-free bonds provide The interest rate is only 4%, which is obviously not enough. For comparison, the outstanding stocks held by major financial institutions in New York can reach about 6%. "
"In this case, of course, citizens will not buy their own money for public debt because its rate of return is not high." Blair said very positively, pointing out the reasons for the failure of the New York public debt issuance.
"Based on my understanding of Midwest Bank, the problem is big! Even if the problem is not in the private sector, but the public debt interest rate is not as good as the stock market's outstanding stock returns, a problem in one area will definitely spread to the entire industry without exception." Sheffield down It ’s not completely ignorant, but he does n’t know the means of these Wall Street wolves, but he still knows what is happening to the banking institutions in the Midwest. In fact, these funds can only be drawn from major financial centers, because under the influence of agricultural financing, the National Bank of the United States agricultural area only holds a relatively small cash reserve, only 5% of the book funds.
5% of the book funds, as long as there is a little trouble, one of these banks will be run into bankruptcy. Many banks are supported by related trust companies. Any collapse of a trust company will kill a bank. The collapse of these banks will only allow more citizens to flock to other banks, and the butterfly effect will explode.
"Can you let Union Bank become a giant in the financial field after this storm?" Sheffield asked Blair's eyes, staring at each word.
"It depends on how much money I have in my hands!" Blair was stunned, but immediately realized that his boss decided to become an addiction to a financial tycoon. In this life, he may have such an opportunity to change his face and speed up the slave owner. All startled, the gentle and gentle without elites, is simply a grim promise, "Boss, I will give you a huge return."
"I'll give you a billion!" Sheffield stood up coldly and looked at Blair's face condescendingly. "Cash will be sent from Arlington immediately. As for me, New York may decisively exceed my risk recognition. I'm going home."
Now who is short and who is long, the slave owner does not know, but he must be one of the shorts, and a long-term short. Regarding the financial crisis at the beginning of the century, rumors were not serious, but he did not believe it at all. It was not serious. In the same year, Britain and Germany started a naval arms race? Countries begin to upgrade their armaments?
It was only afterwards that Europe was fighting, and people did not look serious when they looked at the United States. Sheffield now knows that in the past year, the San Francisco earthquake caused serious damage, and a lot of money was invested in the reconstruction of San Francisco. Even New York, which is a financial center, was in a cash emergency.
Although it recovered afterwards, the liquidity greatly decreased, and the copper price could not be raised. Nick Burke Trust and Investment Company increased its bets to get out. The New York City government failed to issue public debt and could not raise money.
Sheffield even suspects now that Standard Petroleum has made a rogue and said that it has no money. What the funds on the account are used for is all doubtful. The relationship between him and Rockefeller Jr.'s youngest uncle is an obvious plastic relationship.
He was ready to go home, not to stay in New York in such a dangerous situation, and to give Blair the position of the trader. The slave owner only knew the historical events and determined that there was such a thing, but this thing really happened. The specific details and observations still depend on real financial talents.
Sheffield, who was about to go home, decided to settle in Chicago, the city of the transportation center of the United States. Edith Rockefeller was very happy and said with joy, "How come you want to go to Chicago?"
"Just want to check it out!" Sheffield didn't say that the financial crisis was coming, and he wanted to find a city that would be convenient to go wherever he went. It would be too great to say it. It's not too late
Early this morning, Sheffield saw an article on Wall Street ’s newspaper, The Business Finance Chronicle, which said,
Now, neither the United States nor the British Empire, nor the entire European continent, have sufficient funds. In order to cope with this situation As people save money all the time and rarely make new purchases and sales, the demand for funds by railway companies also seems to have declined. Therefore, as long as we are cautious, we should be able to spend this autumn without more panic Financial austerity. "
Seeing this article, Sheffield immediately decided to book a ticket to leave New York, which surprised Edith Rockefeller. "Don't worry so much? What happened?"
"You see?" Sheffield handed the newspaper to Edith Rockefeller, who was puzzled after reading, "What's wrong?"
Sheffield's eyes narrowed with frustration, Edith Rockefeller has the same advantages as herself, and has more money and more money! As far as the shortcomings are greater than yourself, she is incompetent in unfamiliar industries, and this woman is worse than herself.
The slave owner pointed to his own nose and said, "Look at me, Edith! I said I want to promote racial equality and give equal rights to the black ethnic group. Do you believe it?"
"Stop it!" Edith Rockefeller patted Sheffield's shoulder and giggle. "Do you believe what you said, isn't this an obvious lie?"
The smile came to an abrupt end, Edith Rockefeller's eyes were fixed on the newspaper again, and she heard Sheffield say again, "Book a ticket and go to Chicago now, these Wall Street mouthpieces, speak more than I give black people equal rights It ’s ridiculous, they said it ’s okay, and that ’s definitely something wrong.

"I'll call right away!" Edith Rockefeller said as he saw the slave owner.
After leaving Rockefeller Estate and boarding the train, Edith Rockefeller asked, "You think there will be a financial crisis, so why not speak at Rockefeller Estate?"
"Your brother also guessed, otherwise he would not face the Ministry of Justice. The White House has recently accused Standard Petroleum of being a wealth predator, and holding a lot of cash in his hand is not applicable. John can bear it, indicating that he is the cash It wo n’t be handed over, at least not now.
Sheffield said wisely.
You do n’t know how to do it, you might as well not know it.

"Did he dare to lie to me? I'm his sister." Edith Rockefeller murmured in disbelief.
Sheffield grabbed Edith Rockefeller's small hand where nowhere to put it and said plainly, "Edith, this is very normal, and in the face of the imminent disaster, no matter how good the personal relationship is, it is not credible. John does no problem. Once the news leaks, it may change, and it will be the same for everyone. "
The White House spokesman accused Standard Oil of failing to pay the fines in an unprecedented tone. The spokesman said that the policies of the federal government of some large companies ignored them, and they combined to create financial pressure at all costs; they abandoned our policies. , While enjoying the benefits of sin.
From the perspective of a large enterprise, Sheffield concluded that this was a pot dump, and the federal government may have felt economic instability. Even the fine of 25 million US dollars in standard oil is similar to the amount of public debt issued by the New York City government.
The White House spokesman's behavior of dumping the pot is simply the ancestor of a real estate businessman in the later generations, the good thing is the presidential palace, and the bad thing is the Fed. No one knows the economy better than I do. It turns out that the actual operation was first practiced here from Roosevelt.
Both the White House and the New York bankers felt that the problem now is the other party's pot, and they cover the lid. However, if this standard oil fine is really Roosevelt's desire to kill the rich and help the poor, this operation is a huge threat to all large enterprises, and it is a precursor to the dictator.
The moment she arrived at the Chicago train station, Sheffield went directly to the farming and animal husbandry agreement and sent a telegram to the head of United Mining, Jimmy, "The negotiations were terminated, and the joint company officially announced that it will veto the Nick Burke Trust and Investment Corporation's acquisition plan."
The bubble that detonated the financial crisis, the slave owners now have to pierce it with their own hands.