Chapter 447 The Origin of the Financial Crisis
"I think it's not difficult to find out who is the investor behind United Copper," Edith Rockefeller said to her friend on Wall Street over the phone. "Don't get me wrong, we just want to avoid unnecessary conflicts. Judging from the reaction of United, it is still very restrained. Maintaining transparency is a very smart attitude for both parties. I believe no one thinks that United is a small company. It is smart to avoid the other party's expertise, which is good for everyone."
"Edith, I know you and Sheffield have a relationship. This is already a well-known fact. First of all, I must make it clear that this was definitely not done by me!" Little Morgan said, tilting his neck and holding the microphone. "I can only say that it looks like the behavior of a speculator. It should be a trust company that is at fault. There are only a few large trust companies in New York. I don't know about the others. Morgan will not participate in this dispute. We have our own affairs."
"You are not the best. To be honest, although we are in different fields, there is no direct conflict of interest between the two parties, unless you really believe that William has the ability to cause an earthquake in California. Then why would he be a businessman? He might as well be an emperor directly." Edith Rockefeller did not care. Morgan Jr. pointed out her relationship with Sheffield. It was real and there was no need to deny it.
Sheffield had almost no connections in New York. The only family he was familiar with was the Vanderbilt family. It was a hasty idea for the slave owner to expect this family to do anything useful.
The only way to do this is to find someone who can carry the burden. Compared with Morgan, the financial strength of the Rockefeller family is not that strong. But compared with Morgan, it is definitely much stronger than Sheffield, a ragtag army.
On the other side, Edith Rockefeller was still tracking down the capital behind the United Copper Mine, and Sheffield was still wandering among the endless farms in the Midwest. The transformation into a grain trader had already been decided. Out of basic courtesy, the slave owners had to communicate in a friendly manner with the members of these trusts and tie these people to themselves.
Of course, making money is the best, but the main thing is to form a more stable interest group. Under the election system of the United States, the formation of profit groups is naturally a group of people who work together for warmth. In fact, trusts also play this role, but trust companies are now notorious, and now they should change to a more acceptable attitude to the public.
The closer they are, the more combative they are. Therefore, the United Grain Company is similar to the National Rifle Association, a cancer parasitic on the United States. Of course, it sounds a bit harsh, but it is a fact.
Even Alice Roosevelt, who was with Sheffield, felt from what she heard and saw that her man was truly working for the good of the country, leveraging greater agricultural advantages and helping the country establish influence internationally.
Of course, it is true that they have established influence abroad, and it is also true that they have become a parasite at home. They are all true! This is not contradictory, just like the United States a hundred years later, which is an important force in maintaining world peace while constantly waging wars.
Sheffield also wanted to do things one by one, but that's life, many things happen at the same time.
During the time he was out, he was communicating with the Democratic Party faction, communicating with farmers about the United Grain Company of America, and dealing with Jack London who was trying to seize the right to speak beyond his capacity. Of course, this matter has been completed. He is also investigating the origin of the so-called United Copper Company.
So in Alice Roosevelt's eyes, Sheffield became an image that was almost busier than the president. If it were in the past, Alice Roosevelt would never believe that someone was busier than her father, because her father was known for his vigorous energy, but now she had to believe it.
She felt a little sorry for Sheffield now, so she handed him a glass of water and said quietly, "It seems that although you face countless things every day, you seem to be more efficient than my father."
"That's different. Your father was facing the Democrats on the surface, but in reality it was the civil service system. That's why at the beginning of President Cleveland's first term, he fired 200,000 Republican civil servants in one go. He understood that winning the election was not the final victory, and the real victory was to make the civil service group obedient." Sheffield winked at Alice Roosevelt and exclaimed, "It's a happy thing to have a beloved woman caring about you."
The slave owners felt even happier when they thought that even the president might not have such an attitude. They were all thinking about whether they should write a letter of introduction and ask the Democratic Party to consider recruiting Alice Roosevelt.
"You bad guy, I've never heard you say how great our United States is." Alice Roosevelt curled her lips and said, "You have slandered the federal government many times."
"Because this is a world of rottenness! The American Century is just a trick to fool ordinary people. I certainly don't believe it, but I will also promote it to make these citizens believe that they are happy. But I can't really believe this kind of bullshit. This kind of propaganda undermines my sense of superiority in IQ." Sheffield pondered for a moment and said, "If you really want me to praise our country, at this moment, we are not one of the rotten ones, but maybe in the future."
"You're so calm that it makes me want to spit!" Alice Roosevelt sneered, "Then why did you join in the propaganda?"
"I can't be out of the group. Everyone else is stupid and I'm the only smart one. I'm easy to be excluded!" Sheffield said as if it wasn't my fault. He then pulled out a book called the Analects and continued, "Look at any civilization, whether it's the East, West Asia, or the Roman Empire. Every book tries to put in all the good ideas and plans in the world, but powerful civilizations are still constantly perishing. So it's useless."
Later, the whole world knew that the medical care in the United States was irrational, but this irrationality continued because the medical industry in the United States was a profit-making medical system, and no one could stop it from making profits. Since it could not be stopped, it would naturally continue to exist. Is it that the whole world is wrong, and only the citizens of the United States are right?
In line with the basic democratic ethics of procrastination, Sheffield wandered aimlessly around the Midwest, repeatedly repeating the story of the United Grain Company of America as a backup option for the trust model. Just because the federal government hasn't touched us now doesn't mean it will never touch us.
In the end, Alice Roosevelt couldn't help but urge her, saying that she had stayed on the ranch long enough. Of course, this was not the main reason. What Alice Roosevelt was most worried about was that if she continued to stay like this, she would get pregnant.
The slave owners, who deeply felt the superiority of democracy, had to return to the high-efficiency track with great reluctance. They took Alice Roosevelt straight to Los Angeles, where they waited for the Great White Fleet to complete its circle.
"This is news from Chicago. The capital behind United Copper Mine belongs to the New York Knickerbocker Trust and Investment Company. This trust company controls countless shadow banks and has tens of millions of capital flows. This is all public. With their fundraising capabilities, they can bring in hundreds of millions of funds!"
Sheffield, who had just arrived in Los Angeles and was lying on the sofa in Evelyn's manor, jumped up with a stiff sit-up after hearing Evelyn's words. In addition to showing his strong waist, he also fell into deep thought. The name of the New York Knickerbocker Trust Investment Company triggered Sheffield's memory.
Since the memory point has been triggered, all related memories emerge, as if the financial crisis in the United States at the beginning of the century broke out due to the failure of a trust company's speculation on mineral resources. It seems that the trust company is the New York Knickerbocker Trust and Investment Company, and the United Copper Mining Company is the vehicle chosen by the New York Knickerbocker Trust and Investment Company.
From the establishment of U.S. Steel Corporation, we know that it was not uncommon for bankers in the early 20th century to first set up a physical company and hold it in their hands, and then engage in confident speculation. Morgan has set a good example, but at the same time it has brought a bad effect, that is, many people think this example is easy to copy.
The New York Knickerbocker Trust and Investment Company is one of the three largest trust companies in the United States. He was a respectable man during his lifetime. He should be in the position of Lehman Brothers in the subprime mortgage crisis, and the result was similar.
The New York Knickerbocker Trust and Investment Company was run and closed, marking the beginning of the economic crisis at the beginning of the century. So the New York Knickerbocker Trust and Investment Company had just begun to intervene in the copper mine that had caused its death.
Seeing Sheffield's meaningful smile, Evelin was startled. He knew that the United Company had been operating in the New Mexico region for a long time, and said in a panic, "William, don't make a big fuss."
"Ah? What's the big deal?" Sheffield stood up straight and said righteously, "The New Mexico region is so large, and it is not privately owned by our joint company. Funds from the entire United States can come in. Only when we work together can that wild land be developed. Why should I oppose it? I fully support and welcome it!"
“Ah?” Evelyn said suspiciously, as if she was meeting the slave owner for the first time, “I thought you would be angry.”
"Why are you angry? I'm so happy! This fully proves that there are many smart people in our country. They recognized the development potential of the New Mexico region at a glance." Sheffield chuckled after saying this, indicating that he is completely normal now, but this made him even more abnormal in Evelyn's eyes.
The cemetery was personally selected by the Knickerbocker Trust Investment Company of New York, and the slave owners would never stop it. It was in New Mexico, just right!
(End of this chapter)
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