Chapter 450: Borrowing money, but no interest

The unpleasant experience of the Knickerbocker Trust Investment Company became the fuse for Blair's final decision. From the beginning, he felt that speculating in copper mines was not a good idea, and that it was very risky to be in an unfamiliar field. However, the other directors had been confused by Morgan's previous magical operations. After they felt that they had the capital, they could not wait to copy the establishment of the US Steel Company, which was very risky.

Unfortunately, the final result was that he voluntarily resigned. Although he did not have any hatred in his heart, it was never a pleasant thing to leave the trust company where he had worked for many years in disgrace.

This is exactly why Sheffield had to talk to Blair after he found out about the recent changes in Knickerbocker Trust Investment Company. Greed is very normal, who is not greedy? Otherwise, how could there be such a phrase as "a villain suddenly becomes rich"?

The domestic situation these days is not just good but very good. Many senior executives of trust companies know that the economic depression will come sooner or later, but they don't know when it will come. They think they are very smart and can leave the market at the peak of the economic crisis. At this time, no matter what Blair's considerations are, he made a completely opposite judgment, which has proved that he must have something extraordinary.

There are no great financial talents in the United Company. Under Evelyn's care, the United Bank is really just a bank. Apart from deposits and withdrawals, it has no financial services. I hope that this former executive of Knickerbocker Trust and Investment Company can help the United Bank change the status of postal savings.

Of course, as an industrial company in the conglomerate model, the United Company will not be too dependent on the financial system. The banking system can be used as a helper, but it should not take over the main role. Sheffield also made this clear to Blair.

"It seems disappointing now that Knickerbocker Trust Investment Company has chosen this decision." Blair could sense that Sheffield cared about United Bank, but this concern was not urgent. After thinking for a while, he asked, "Why can't we separate the part that is specifically responsible for the trust for investment?"

"You'll know when the time comes!" Sheffield smiled. The United Company has this part, but the acquisition has not been successful yet. The slave owner thinks that the Nick Burke Trust and Investment Company is a good choice and can take on this responsibility.

As for the mid-term elections, how can they be more important than the financial crisis that follows? Such a free country will of course take care of itself first and then the Democratic Party. As for saving the working people, this is not in line with the national conditions of the United States. Citizens have the right to jump off the building freely, and slave owners cannot interfere. They are citizens in name only, not slaves of the Sheffield family.

Sheffield has gone a bit crazy in collecting funds, and even wants to sell the stocks of listed industries. Anyway, he is not afraid of no one taking over. But the key is that he cannot sell because there are people taking over. His listed companies are all high-quality assets, which will be more valuable in the future. Selling them now for cash will be a big loss.

Theoretically, if a financial crisis breaks out, these stocks will also be affected because of the overall market, but that is only theoretical. What if someone who knows the business takes the opportunity to buy at the bottom? Sheffield is not the only smart person. There are many smart people in the United States. It's just that there are more stupid people than smart people.

"Jimmy, control the production. The reconstruction of San Francisco is in the hands of Jesla's umbrella company. United Mining just needs to focus on the metal supply for the reconstruction project. Sell to the outside world at a moderately reduced price. Come up with a set of data and give our guests a little profit margin. The guests will push up the copper price themselves."

With the United Company, a conglomerate that produces and sells its own products, Sheffield began to micromanage the possible actions of the Knickerbocker Trust and Investment Company. Trust companies floating in the bubble have no foundation to compete with themselves. Sheffield can take the initiative to give them this foundation. Acquiring copper mines, expanding production, recruiting workers, and pushing up stock prices all require money. The Knickerbocker Trust and Investment Company does not have enough money of its own, so it will raise funds through the shadow banks in its hands, and even seduce banks of other forces.

From a theoretical funding perspective, once hot money joins in, the 60 million cash flow of the Knickerbocker Trust Investment Company seems large, but it is only a small part of the funds. However, the bubble it brings will also grow. Sheffield does not have profound financial knowledge to predict how big it will be, but it will definitely be larger than the funds that have joined in.

There is only so much money in the market. If this money goes into one field, another field will be short of money. In order to solve the shortage of funds, people will borrow money at high interest rates.

As a conglomerate, Sheffield has the final say over companies in every industry, which allows for internal capital circulation and prevents high-interest debts from arising in any link, because that is all his own money.

"The six-month material reserves of the various industries of the United Company and the 200 million yuan of funds withdrawn are all your assets." Seeing her husband preparing as if facing a great enemy, Annie said worriedly, "If we lose, we will have to sell the land. Maybe we will even sell the oil fields to the Rockefeller family."

Taking the warm coffee handed over by Annie, Sheffield leaned his head directly on his wife's chest and squinted his eyes and said, "Annie, what do you think economics is? What is an economist?"

"Economists are just a bunch of liars!" Sheffield said sarcastically before his wife answered, "Because the economy is always linked to numbers, it gives most people an illusion. That is, it is related to numbers, but at least in this era, it is impossible to calculate the exact answer through numbers. So the most powerful bankers in our country know that economic crises will occur periodically, but they will never know when it will come. Economic problems are actually related to adjustments, but they are expressed through numbers. The rise and fall of numbers will always deceive people, so most citizens are leeks, because they can only understand the economy through numbers."

"You have an industry that has nothing to do with numbers. Raw materials and machines, cash is just a foil?" Anne tried to digest her husband's words, but finally gave up. "You think you can win."

"If it's based on making money, I'm not sure I can win. If it's based on not making money, but letting my opponent die, I can totally accept it, and the chances of winning will be much greater." Sheffield shrugged, "I can not make money, but the opponent will lose money. This exchange is beneficial to me."

"I'm afraid the Yankees will blame you!" Annie paused and said, "Maybe they'll feel unbalanced when they see you getting better."

"That's how people are. They haven't cursed enough. We are a free country, I can curse them too." Sheffield said nonchalantly, "And as long as you give me time, everything will be fine. This operation is just the beginning."

Isn't it the same even in the United States? When the South was defeated and suffered heavy losses, the Yankees pointed fingers with pity and a sense of superiority. When the South recovered, they were bound to dislike each other.

On the day of the mid-term election, Arlington Manor became as lively as the election outside. Many guests came from all over the country. These white-haired people, both men and women, were obviously people who had experienced many ups and downs without being shocked by fame or disgrace.

The large conference room in the villa, which had not been used for a long time, was reused. Behind Annabelle was a portrait of a man in a dark blue military uniform. Everyone who came knew who the man in the portrait was. He was the husband of the old woman in front of them, the commander of the Texas Legion.

"Compared to the last time we met, there are fewer people." Annabelle looked at the fewer and fewer familiar faces, but she was not particularly surprised. She said softly, "Sooner or later, we will all accompany the fallen soldiers and comrades of the Union Army. There is no need to be too sad. Hello, everyone, welcome to Arlington."

"Ms. Anna, these days are the midterm elections. I didn't expect you to call us." Robert was in good spirits. Everyone gathered together, so something must have happened.

"It's not a big deal!" Annabell stretched out her hand and rubbed the black veil on her arm. She glanced at the visitor and said softly, "I just want to borrow some money from you. Of course, there is no interest, and I don't have any property to mortgage to you."

Borrow money but no interest, no collateral! Don't even think about the IOU, this is what Annabelle said is not a big deal.

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"How much?" Robert hesitated for a moment, trying to get an accurate answer from Annabell.

"One hundred million, maybe? That's a lot of money for you. Any more is beyond your ability." Annabelle said calmly, and then repeated what she had heard from the heir: the current situation is not just good, but very good.

He told these people that the Sheffield family had mobilized a large amount of funds and was ready to enter the market by taking advantage of the hot stock market. "If you enter the market on your own, you will only be treated as grass to be mowed. Only by concentrating your strength can you accomplish great things. So it is better for me to use this money."

Annabelle spoke as if everything was natural and casual, without caring about the feelings of the guests at all.

"It will take some time to prepare!" Unexpectedly, everyone present said there was no problem.

This meeting had nothing to do with Sheffield, but Anne was sitting in as an observer. Her family was traditional, with the head of the family being responsible for making money and the right to manage finances belonging to the mistress. So while the others were busy at work, the slave owner was walking the dog in the manor.

"This grandfather is obviously a bootlicker! He really lowered the limit just to save twenty years of hard work." Sheffield puffed his cheeks and muttered to himself indignantly. Isn't this the person who lost the reborn person?

He is different from Edith Rockefeller. It is obviously more about love and has nothing to do with not wanting to work hard.

(End of this chapter)