Chapter 451 Blindly Hot Market
Jealousy has twisted the modern slave owners, who have long forgotten the fact that their grandmother said, "Our marriage is a strong alliance! We both love each other!" They use the greatest malice to speculate on the humility of their grandfather's gigolo life.
Sheffield had long forgotten his usual arrogance, and when he accused others, he always attributed it to jealousy. At this time, his true colors were exposed. Yes, if a slave owner was at the bottom of society, he would definitely want to daydream, hoping that a white, rich and beautiful woman would fall in love with him, and when he got married, he would only give a stick and not want to give a gift.
This is just jealousy in his heart. After walking the dog, Sheffield returned to his human and dog-like demeanor. People have been selfish since ancient times, and the double-standard dog is not the slave owner himself. After he finishes his talk, it would be best if no one finds out.
"Grandma actually has such connections?" Anne exclaimed, vividly describing the scene in the conference room. It was obvious that Annabelle was in full swing today and left a deep impression on the latest generation of hostess.
"Of course, it's a powerful alliance!" Sheffield, who had completely recovered, complimented without emotion. A powerful alliance is another way of saying a marriage of equal status. Even the old lady said that marriage is a marriage of equal status, and that is of course the truth.
Together with the funds accumulated by the United Company, there are already $300 million in funds on hand, which is equivalent to more than half of the current total expenditures of the United States. Even if the federal government is asked to deal with sudden events, it cannot come up with $300 million, which is equivalent to six times Morgan's own wealth.
One hundred 10,000-ton battleships can be built. Once a financial crisis occurs and industries are sold off by panic-stricken people, there is no telling how many good things can be bought just by bottom-fishing. No wonder Morgan, who took advantage of the financial crisis to make a profit, always made a fortune during the economic depression. Even if he usually made money no faster than industrial companies, once he encountered such an opportunity to bottom-fish, he could open a business and make a living for three years. Just from the peak of the stock market and the bottom-fishing operation, there is no telling how much money he could make.
Economic prosperity and economic depression may be separated by only one year, but how many times will the value be different? The profits here cannot be imagined, it is simply too terrifying.
After the midterm elections, the federal government officially announced what all investors had been waiting for: the establishment of Arizona and New Mexico in the original New Mexico region. The good political news prompted all investors who had already prepared to invest huge amounts of money into the last virgin land in their home country. This was simply a re-enactment of the development of the Great West.
The two places received a large amount of hot money, and the local economic situation in Arizona and New Mexico, which are rich in minerals, suddenly improved greatly. Hot money poured in and new factories began to appear one after another. Among these factories, the most promising ones are mining and chemical industry factories.
"Jimmy, have a good talk with Chief Red Rock and be polite. The United Company is powerless at this time. Now a large amount of capital and white people are pouring in. It is impossible to reason with these irrational forces. Moreover, the establishment of state administrative districts is an executive order issued by the federal government, which makes outsiders fearless. If a conflict occurs, the Indians will definitely suffer. Due to the long-term relationship between the tribes and the United Company, we do not want to see any conflict. You know, we have a very good relationship with the Indian Mounted Police, and the cooperation will continue."
"After this wave of chaos passes, we will wait until things calm down before dealing with the rest. I personally guarantee that if outsiders harm Indians, they will pay the price. Temporary tolerance is not humiliation."
"Okay, boss!" Jimmy listened to Sheffield's voice on the microphone and replied, "I'll contact Chief Red Rock right now before anything happens."
The Indians still follow the way of life of their ancestors without any change. This also makes them choose not to attack others when they find others, even if they are white, but try to communicate and help them.
Wearing clothes with black and gold armbands, Jimmy personally led his men to find the local Indian chief, Hongyan, and directly explained his purpose, hoping to avoid conflict between the two sides as much as possible, and brought the boss's verbal guarantee.
"White people again?" Hongyan looked at Jimmy and his men with indifference and said, "Don't your people give others a way to live? Where are the judges you mentioned? The strong are the judges, and the weak will be judged. Let me tell you what happened by the white people's campfire! Were the countless Indians who died in the battle with the white invaders shot or stabbed to death? How many of them were tortured to death! But they did nothing except defending their rights!"
"I'm sorry? My boss asked me to take him to make a formal apology, but this is a decision made by the federal government. Our company certainly hates competitors who monopolize this place. But you and I both know that this place will belong to the federal government sooner or later." Jimmy bowed his head and apologized solemnly, "Due to our years of cooperation and fighting side by side, please be patient for the time being. There is nothing we can do about it. We are hostile to the same white people, and this matter cannot be made public, so the only way now is to avoid causing conflict."
"I didn't say no!" Chief Red Rock was still sitting on the ground, motionless, and said, "I have not only met your Black Gold people, but also met their founder. I still remember the scene of that day. He was an honest man. He personally admitted that the white people were the essence of invaders, but he also said that if the Indians stood still, they would sooner or later suffer a catastrophe. This is true for any ethnic group. There is no doubt that from the beginning, the first generation head of the Sheffield family was undoubtedly a bad guy, but he was very honest. He was so honest that even if he did bad things, people would believe that it was justified."
"So I asked the warriors of our tribes to join the Black Gold Company, the Indian Rangers, and even the Confederate Army." Chief Red Rock said, then changed the subject, "I hope that the head of the Sheffield family of this generation will be equally honest."
"The boss is so honest that he can tell others whether to hang themselves or jump into the river, and the other party will think it makes perfect sense." Jimmy shamelessly framed his kind-hearted boss just to make the chief believe what he said.
"That's reassuring. An honest but pure bad guy is more reassuring than a disguised good guy." Chief Hongyan nodded and said, "I will lead my people to the Grand Canyon. As for the others, if there is anything that really harms my people?"
"We are employees of the Black Gold Company. This has nothing to do with our ethnicity. It is a contest between our company and our rivals." Jimmy straightened up and assured, "The motto of our company is that we can kill people, but others cannot kill us."
Arizona and New Mexico have become a new gold rush in the eyes of citizens. The newly established new states have attracted countless people's attention. Various bonds have been issued by trust companies, causing a rush. Everyone is rushing to them, and many people are heading directly to the land of hope. It seems that the unsealed New Mexico region will become a new driving force for the economic prosperity of the United States. Most speculators also think so.
But the adventurers who have already set out don't know that the New Mexico region has long been dominated by local tyrants. When it was still a region, the United Company took the lead with the Black Gold Company, contacted the Indians as allies, and guided the Southern Company to take root here. Everything that can be found here in this era has been divided up.
Faced with the surging cash flow, Sheffield and his allies only regarded these people as receivers. They were just spittoons for handling non-quality assets. And the companies had orders from their bosses, so they naturally looked on coldly at the surge in competitors. If the other party wanted to make money in the industry and they wanted to cash out, then they would just exchange it.
All of a sudden, various mines changed owners and were sold at a higher price. At this time, the local operations of the United Bank were still running smoothly. With the influx of hot money, it was bound to make some profit. The turnover growth was quite gratifying.
Once a trend is triggered, there is no way to stop it. The influx of funds and adventurers shows a fanatical attitude. In a sense, New Mexico has become the most economically dynamic place in the United States. If the overall economy of the United States is overheated, this place is obviously the furnace.
The enthusiasm of the capital market can be best seen from the stock market. The already growing stock market reflects this enthusiasm, further encouraging citizens to invest their funds in the stock market.
The hot market has made almost every industry and profession booming, and the economy of the United States has officially entered a period of rapid speculation.
Later generations did not pay much attention to this financial crisis, as if it was quickly resolved after Morgan saved the day. But the slave owners felt that it was not that simple. It seemed that from this time on, the European arms race, like the market before the financial crisis in the United States, entered another stage, and the dreadnought-class naval competition with Britain and Germany as the protagonists officially kicked off.
"We all know that this enthusiasm is abnormal, just like many bankers actually know that this kind of development will definitely lead to overproduction and then an economic crisis. But?" Morgan spread his hands and responded to Morgan Jr.'s question with a helpless look, "No one knows when the economic crisis will begin, we only know that it will come. And before the economic crisis comes, speculation is often the most rampant. What can we do? Actually, there is no way."
Morgan told his heirs the most straightforward truth: the biggest blindness is that we all know this is not going to work, but no one can stop.
(End of this chapter)
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