Chapter 298 The First Shooter Appears

The seven largest oil companies in the world today are, from largest to smallest, Exxon, Dutch Shell, Mobil, Texaco, BP, Chevron, and Gulf Oil.

Among them, Exxon Oil Company was dominated by the Rockefeller family, and the Dutch Shell Oil Company and Standard Oil Company were also both controlled by the Rockefeller family with the largest share of shares.

Only four companies, Texaco, BP, Chevron and Gulf Oil, have not been infiltrated.

Texaco is backed by a Texas consortium, and BP is backed by the British.

Gulf Oil was controlled by the Mellon Group.

Chevron Oil's predecessor was Standard Oil of California, and naturally it later became the property of the California consortium.

So David Rockefeller had long set his sights on Texaco, Gulf Oil and Chevron.

This time when old Wilson falls, it is definitely a once-in-a-lifetime opportunity for him!

Lawrence Rockefeller blew out a smoke ring skillfully and said calmly, "Standard Oil of California must be returned to its original owner. But this is a rare opportunity. It would be a waste of opportunity just to take back Chevron Oil."

"When Schneider was here, he not only resisted our infiltration, but also successfully resisted Morgan's infiltration. Although his strength is much weaker than ours, he was able to allow the California Consortium to stand on its own and compete with us in many areas."

The consortium is a monopoly group formed by the integration of huge banks and huge enterprises controlled by a very small number of financial oligarchs.

A wealthy group is not necessarily a consortium, but a consortium is definitely not without money; how much money one has depends on the size of the consortium.

The reason why the person who dominates the consortium has an extremely high status is that he can dominate huge social resources.

The more social resources the consortium's controller has, the higher the social status will be.

Therefore, the goal of every consortium is the same, which is to dominate more social resources rather than to simply make more money.

Money is just golden eggs. Once it is used up, it is used up. But if it is hatched into a hen, it will lay golden eggs continuously, forming a virtuous circle.

In modern capitalist society, social resources are mostly reflected in the form of companies, and political resources have become an auxiliary to capital.

This system makes every consortium want to control more companies in order to enhance its own social influence and status.

For major conglomerates, the goal is not to wholly own a company, but to gain complete control over it. There is an essential difference between a company's equity and operational control.

The operator or controller can slaughter other shareholders.

The other shareholders have no way to resist unless they unite to oppose or seize power.

This makes it easier for the ultimate controller to use the company to create greater profits.

Some of the ugly ones deliberately operate poorly and acquire shares at low prices, while others use methods such as capital injection and dilution to increase the value of the shares in their hands in disguised form.

Even more insidious is using the company's resources to seek personal gain.

For example, the simplest example is that the Rockefeller Group does not need to acquire the entire Chevron Oil Company.

You just need to control the company's board of directors and shareholders' meeting and take control of the management rights.

So when a company with tens of thousands of employees buys insurance collectively, they can buy Rockefeller's insurance instead of the California consortium's insurance company.

If each person has a thousand dollars, then tens of thousands of people would have hundreds of millions of dollars in premiums. And as long as control of the company is not lost, this income will be generated every year, and over the decades it will amount to hundreds of billions of dollars.

This is the linkage effect of resources. The biggest beneficiaries will only be the ultimate controllers of the company, not the shareholders.

Other consortiums in the world follow this model, including the Boston Consortium.

Milo is an outlier; his rise was too fast.

Compared with other conglomerates, in terms of time, they can all be considered to be in the early stages of entrepreneurship.

Therefore, the shares of many companies are highly concentrated in his hands.

His business is not complete enough and cannot even be called a consortium.

We can only say that he is part of the Boston consortium, but he is too independent.

And now, Milo's core foundation has taken shape.

Control Yahoo and control the Internet that will influence the world in the future.

Control the media and control the megaphone whose voice is getting louder and louder as the Internet becomes more popular.

To control electronic technology, it has just established an alliance and brought in Star, Microsoft, Apple, etc. But it will take time, at least until the emergence of mobile Internet, and it can become the king of consumer electronics by relying on this alliance.

In addition, there are other industries including energy, retail, banking and finance.

At present, Milo has only extended his tentacles in, which can be regarded as just opening up the situation.

It has to be said that in these traditional industries.

Traditional financial groups are too powerful.

It's not something you can get simply by having money.

Take oil companies for example.

He integrated Phillips and ConocoPhillips, allowing ConocoPhillips to emerge ahead of time.

But in the global energy industry, ConocoPhillips is currently just a small player.

Want to expand? It's not that easy.

Rockefeller spent more than 80 years, despite having such a good foundation, but he still has not been able to revive Standard Oil.

Not to mention Milo, who is new to the industry.

As for the retail industry, Milo wanted to try something different.

We want to be like the Amazon and JD of the future, combining the Internet + offline model of Walmart.

But this is also a pioneering type, and the future gains seem to be very high.

But the difficulty is just as high.

Finally, there is finance and banking, which is almost the core area of ​​large conglomerate giants.

Morgan had a tight grip on things, and even Rockefeller had to compromise and form an alliance with them.

Breakthrough point...either all these people at the top of the American financial group suddenly get a serious disease and die.

Either S3 appears early, destroys half of the United States, and reshuffles the cards.

Otherwise, even a financial crisis will be of no use.

Because many times, financial crises are actually initiated by financial groups in order to eliminate some weak financial groups.

For example, the subprime mortgage crisis ten years later.

Many companies in the United States have indeed gone bankrupt, and some financial groups have suffered severe damage.

But what about those who are well prepared, or the most powerful consortium?

JPMorgan Chase directly swallowed up the essence of Lehman Brothers and did not bear any of the debt burden.

When Citigroup swallows up Bank of America, it will not have to bear any of the debt burden.

And GE buying those airlines, Boeing buying those engine companies...

For most people, for ordinary people, it is indeed a crisis.

For the consortiums and giants, it was just a carnival that had been prepared in advance, and even the US government cooperated with them.

Unless... unless the Great Depression of the 1920s happens again.

Compared with the Great Depression, subsequent economic crises are child's play.

Even the subprime mortgage crisis in 2008 was nothing compared to the Great Depression.

The reason Roosevelt was able to come to power was partly due to their status among the wealthy families in the United States.

The other half was the United States after the Great Depression, which was on the verge of collapse.

The capitalists are all preparing to flee, and world war is about to break out.

Roosevelt rose to the challenge and took various measures to resolve the depression, making the United States the country that suffered the least losses during the Great Depression and recovered the fastest.

This laid the foundation for the United States' later status as the world's first industrial power.

Simply put, the Great Depression shook the foundation of the United States.

Roosevelt's reforms had a mass base, and the capitalists did not want to go bankrupt or be hanged by the street lamp.

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In the early days, no matter how disgusting it was, people had to cooperate with Roosevelt's reforms.

Even so, it will take two Roosevelts to truly make America MAGA.

Otherwise it is too difficult.

Even though Milo was born again, he could still hear some gospel from "God".

All he could do was go with the flow, become a part of it, and climb up step by step.

This is because he was already a part of this class since birth.

Otherwise, even if he wanted to climb up, there would be no way to do so.

If it hadn't been for this background, there would have been no super black swans like World War III and the Civil War.

Americans born into the lower class do not have the foundation to climb up without the hard work of two or three generations, and each of them must be one in a million elites.

“…That’s it then.”

After careful discussion, the brothers David Rockefeller and Lawrence Rockefeller determined the hunting target and made a plan.

These two old foxes knew that someone would definitely take action.

He also knew that the strength and financial resources of the Wilson family and the California consortium had not been damaged, so he planned to let other consortiums that could not help but take the lead.

Wait for these people to consume some energy first, and then they will seize the opportunity to attack.

While the Rockefeller and other consortiums were secretly planning the California consortium.

Milo didn't leave San Francisco either.

The news that Schneider fell ill and was in a coma was no longer limited to a very small number of people, but spread throughout the entire American political and business circles, and even many family conglomerates outside the United States knew about it.

For a time, undercurrents surged, and a strange atmosphere gradually rose in the American business community.

Just when many people were expecting and speculating, which consortium would be unable to resist testing the California consortium first.

Unexpectedly, a notorious financial robber fired the first shot.

Jim Chanos, the founder of Knicks Associates, one of the largest short-selling companies on Wall Street, is a financial robber who uses short selling to blackmail listed companies and stir up trouble in the financial market.

He actually obtained financial support from the Chicago City Bank in Chicago, acquired 10.2% of the shares of California Litton Industries in one fell swoop, and publicly announced his demand to join the board of directors of Litton Industries.

Although Litton Industries is not well-known, it is one of the major arms companies under the California consortium.

The cruise missiles they produce are among the best in the world.

30% of the US military’s cruise missiles and rocket engines come from this company.

It is one of the important members of the California Consortium.

As we all know, City Bank of Chicago does not belong to the California consortium system, but is a competitor with Wilson Financial Corporation and Wells Fargo Bank.

The bank is one of the core banks under the Chicago consortium.

In other words, many people believe that the Chicago consortium was the first to move.

So after the news was announced, a lot of attention was focused on this battlefield.

And Jim Chanos seems to understand the essence of doing it all at once.

While the management of Litton Industries was still in emergency consultations.

That afternoon, Knicks United Fund Company put forward a very attractive plan for shareholders.

Once Knicks United Funds takes over Litton Industries, it will split up Litton Industries.

Half of the subsidiaries of Litton Industries were divided out to form a separate "Litton Industries Trust Company", and the original shareholders could obtain equal amounts of securities of the trust company.

Most importantly, the "Lytton Industries Trust" was a trust company, not an arms company.

The annual operating income from these assets will be decoupled from other assets of Litton Industries.

The proceeds will be distributed directly to shareholders by the Litton Industries Trust Company and no longer through Litton Industries.

For shareholders of Litton Industries, they hold securities of Litton Industries Trust.

They get all the profits generated by this asset.

In contrast, in the past, what they got from Litton Industries was part of the profits after Litton Industries deducted the expanded reproduction from all profits. The difference here is too great.

At the same time, this part of the income of "Litton Industries Trust Company" is no longer included in the total income of Litton Industries Company to pay the taxes payable.

Instead, it is distributed directly to stock holders, who are then required to pay their own personal income tax.

After such an operation, the stock holders can get several times more than the stock dividends in the past! However, this damages the long-term interests of Litton Industries and is not conducive to its long-term development.

But for shareholders who do not have management and operating rights, they would rather choose short-sightedness.

After all, no one can predict the future, but as long as the money is in your pocket.

Even if the share price of Litton Industries falls in the future, the income of "Litton Industries Trust" will be able to offset the losses of stock investments, or even exceed them.

For shareholders, it is impossible not to be tempted by such a plan with lower risks and significantly greater returns.

We must support Litton Industries to join the board of directors and make wise decisions! Soon, Litton Industries started discussing the matter, and many middle-level employees who held stocks expressed their opinions and expressed their attitudes to the top management.

However, the senior executives with management power were not so short-sighted. They understood the sinister intentions of Knicks United Fund and Jim Chanos, and naturally rejected it outright.

The situation within Litton Industries began to get chaotic, and conflicts arose between the upper level and the middle and lower levels.

Jim Chanos did not stop there and continued to bribe the media, getting many newspapers to report the news.

Soon, the news spread rapidly, more and more investors expressed their support, and the management of Litton Industries suddenly panicked.

The shareholders are going to rebel!

Unable to suppress it, many directors called the Wilson family...

(End of this chapter)