"Haha, I'm really surprised. No one should be able to spot me in this way of dressing up. I'm also very confident in this. Generally speaking, my son can't recognize me. I didn't expect you to
You recognized me. This gentleman is really powerful. So now that you have recognized me, you should know the purpose of my coming here. If I guessed correctly, your power should be quite big on this continent.*1*
1*" Li Cong felt that since he had been recognized, there was no need to cover up. Besides, he couldn't stay in the United States for too long. He could just speak directly if he could.
"Mr. Li, you can just call me Mike. I haven't left here for almost decades, but I have people all over the world. It's not difficult to find out that you are from China, and you
You said your name is Li Yi. As far as I know, Mr. Qin Wu has no connection with people in China. And you said he is his old friend. He is the only old friend named Li in China.
"I wonder if my logic is correct?" Mike said with a smile. This is indeed true. Only such smart people who can understand themselves after twenty years of history are indeed in the minority.
.
"Since our power can find Mr. Li, we should not be weak. The purpose of you coming to me is to cause some trouble within the Skull and Bones Society. We are the pawns in your hands. If it were someone else,
I definitely won’t be happy to be a chess piece, but I don’t mind. Although I don’t want to be a chess piece, I also know that it is not easy to be respected by Mr. Li as a chess piece. So I happily accept it. It’s just me.
I hope Mr. Li will not underestimate us. What I mean is that when something happens, I hope Mr. Li will not just abandon us. But this thing is in Mr. Li’s hands. If Mr. Li wants to cooperate with us, he must
You have to show enough sincerity." This guy is different from the people Li Cong met before. Others believe in Li Cong's credibility, but sometimes Li Cong treats his partners badly.
, this guy also understands this very well, so he needs Li Cong's guarantee, but it is not the previous verbal guarantee.
"I really appreciate Mr. Mike's quick words, but I don't know what kind of guarantee Mr. Mike wants from me? Please make it clear." Li Cong didn't lie and directly picked up the coffee in front of him and took a sip.
.The taste is quite good. It seems that this guy is also a person who knows how to enjoy. Although the things in this house are not very good, some small things are very exquisite.
"Haha. This is very simple. I must have something belonging to Mr. Li here, and it must be something that Mr. Li cannot give up. As far as I know, Mr. Li has something in the gold reserve center in New York.
6,000 tons of gold are used for various settlements. I wonder if this money can be placed with me for safekeeping first? Of course, Mr. Li can send someone to keep it. We also have a large vault. At least Mr. Li can be guaranteed
There is no problem with the safety of this batch of gold. Of course, my people will not enter the yard. How about your people taking charge of everything?" Mike thought for a while and said, Li Cong has the largest gold on the surface in the world.
The reserve has its own 6,000 tons of gold. This is something almost everyone on earth knows. So Li Cong is not surprised, but this guy's appetite is a little too big. Just like what he said, even if Li Cong has a huge
gold reserves, but 6,000 tons of gold is definitely not a small amount. Li Cong messed up the financial market in Europa with only 3,000 tons of gold. This guy opened his mouth and said 6,000 tons of gold. This gold
The selling method is different from other things. If it is sold in retail, the maximum price is 500 yuan per gram. For ordinary people, it is a lot to buy dozens of grams. But if you want to purchase in large quantities, the price will not be like this.
, the previous largest purchase of 700 tons of gold on the London precious metals trading market lasted six days, and the final price was as high as 700 yuan per gram, which increased the price by 40%. What do you think of this thing?
He has money, but if he wants to buy more, he has no goods. After all, the world only produces more than a thousand tons a year.
"Mr. Mike's appetite is really big. I wonder if you know that today's gold price is about 500 yuan per gram. One ton is 500 million yuan, and 6,000 tons of gold is three trillion yuan. If you
If all the money goes out, I guarantee that it will reach 5 trillion yuan. What qualifications do you have to let me keep 5 trillion yuan? Although I am rich, 6,000 tons of gold or 5,000 billion yuan are definitely not a deal to me.
It's a small amount, have you ever thought about how much I would lose if you just swallowed this money?" Li Cong wanted to know how much benefit this guy could bring to him, and he wouldn't mind if this guy could do it.
The reason why I spent this money is just as I said, I am very rich, and it is no problem for me to pay for things that look like astronomical figures to others.
"Haha, you can rest assured about Mr. Li. Our Klan definitely has its own abilities. For example, how could our analysis of Mr. Li's whereabouts be exposed so easily? And
An important reason is that Mr. Li went to meet that boy from the Rockefeller family. In fact, that boy is also one of ours. Another example is Miss Baring in front of us. She also has a very good identity. She is from the Morgan family." That's not true.
It's very long, but it's very shocking. I didn't expect it to be Crouching Tiger, Hidden Dragon.
Li Cong took another look at this woman. It turned out that when he came in, he knew that she would definitely have a powerful identity, but he never thought that he would be so powerful. This Klan is definitely not as simple as it seems.
, this guy is part Rockefeller and part Morgan. This is no joke. This guy has recruited the two largest financial groups in modern times to his subordinates. It seems that he needs to take a closer look.
Speaking of which, the Morgan family's first pot of gold came from an American businessman. In 1835, American businessman George Peabody came to London. At that time, the United States and even the whole world were experiencing the crisis caused by the "new economic bubble".
People relied on loans to build railways, canals, and roads crazily. At that time, people did not want to "pay" to use these new gadgets, just like the current network.
At this time, Peabody was seeking a loan from a British bank for the state of Maryland in the United States. He was very patriotic. He hosted a feast for more than a dozen bankers in the United Kingdom (presumably similar to the Chinese banker Hu Xueyan of the same period who treated people to "flower wine").
"), he persuaded them to believe that the Americans were not liars, and he also threatened kindly, "Only by continuing to provide new loans to the United States can you ensure that the previous loans can be repaid." So, the arrogant British banker allocated another 800
$10,000 loan to the State of Maryland.
The British said, "Peabody borrowed this money based on his own reputation." Moreover, in order to reduce the British's prejudice against Americans who are "eyes on money", they still gave up the commission of $60,000 payable to him by the State of Maryland.
.In short, we can see Peabody’s unusual talents and style.
Peabody was talkative, but plain-looking, and was not very popular with the British. People would never have imagined that he was the founder of the noble Morgan consortium. Later Morgan, whose partners were famous for their good looks and fashion.
Peabody was born in Massachusetts and only attended school for a few years. He worked with his brother to support his widowed mother and six younger siblings since he was a teenager. The poverty in his early years affected his life: he gathered money, worked hard, and enjoyed himself.
, extremely sensitive to contempt, incompatible with the world; patriotic; stingy and stingy in the first half of his life, but continued to donate generously in his later years.
Peabody moved to London in 1837. A year later he opened a business, but it only had one counter, a safe and a few tables. However, he quickly entered a business circle composed of outstanding bankers by virtue of his talents. These people
They not only engage in the fabric business, but also provide financing to those who do this business. In fact, their business name has become a merchant bank, and they have established a financial wholesale business. Instead of the "mediocre business" of ordinary bank savings and transfers.
At this time, "it was impossible for ordinary people to deal with Peabody" because Peabody only served governments, large companies and wealthy people. They provided funds for world trade and issued bonds and stocks.
Peabody set up a business in London and planted the American flag in a foreign land. He showed off the dignity of his country and promoted American products by holding high the stars and stripes. He claimed that Peabody was "the first American business". He did not
He kept sending funds to the United States. He decorated it with beautiful American magazines to create an American atmosphere and become the news center of the United States. Behind his patriotism, he did not want the British to underestimate him. It also showed his inferiority complex.
mentality.
And "his good deeds in his later years were as excessive as his greed in his early years."
As early as 1857, Peabody began to fund a "Peabody College" in Baltimore; in 1862, he began to transfer 150,000 pounds to a trust fund for the construction of poor housing projects in London, and also established
The deed transferred 5,000 large shares of his shares in another company to maintain the operation of this residential complex. For this, he won the title of "Honorary Citizen of London".
In the last stage of his life, he gave alms to an astonishing degree: donating a history museum to Yale University; donating a museum of archeology and anthropology to Harvard University; establishing an education fund for emancipated blacks in the South...
Hugo wrote: "In this world, there are people full of hate and people full of love. Peabody belongs to the latter. It is on the face of such a person that we see the smile of God." This is for George.
The highest praise from Peabody, the original founder of the Morgan Financial Group!
As for our J.P. Morgan, his father Juniors was a wealthy businessman in New England. In the 1850s, Juniors was employed by George Peabody. Their business was prosperous and they successfully introduced a large amount of British hot money.
The United States was extremely short of funds. Juniors was determined to pass on his shipping business to his children and grandchildren. He sternly asked his son Pierpont to take over the family business, helped him choose courses to study in Switzerland and Germany, and arranged for him to study in Switzerland and Germany.
He worked as an apprentice on Wall Street, and incidents big and small may be the reason for him to teach Morgan a lesson. George Peabody had no heirs in his life, and his huge industry had no one to inherit. He took great pains to do this, and finally decided to invite the young Junius?
morgan
gan) joined the company. After George Peabody retired, Junius Morgan took over all the business and renamed the company Junius Morgan Company (ganandcompany). At this moment, Morgan was born.
Hartford, where Joseph was located, was the birthplace of the American insurance industry, but at that time there were still only a handful of insurance companies. In 1835, Joseph invested in an insurance company that covered property losses from fires, hoping to make a steady profit.
However, something unexpected happened, a fire fell from the sky, and Joseph's investment was reduced to ashes. According to common sense, ordinary people who encounter such unlucky things will definitely shy away from such investments. This is also true. Many investors
After being burned by the fire, they all tucked their tails between their legs and did not dare to get involved with the insurance company that insured the fire. However, Joseph, who has a business pedigree, is exactly the opposite of what most people think. He believes that because of the fire,
The impact has just been so that those policyholders have tasted the sweetness. If we continue to operate investment companies that undertake fire insurance, not only will the enthusiasm of policyholders continue to increase, but we can also use the deterrent effect of this fire to raise the price of insurance. From another perspective
It is said that due to the impact of this fire, the number of companies that continue to operate and provide property insurance for fires will decrease sharply. Investing in the insurance industry at this time will not only make a comeback and recover the lost losses, but also definitely make a lot of money.
The situation was just as he expected. When those former investors saw that they had to bear the compensation fees, they transferred their shares at low prices. Joseph, who knew what was going on, tried every means to raise a sum of funds, bought all the shares, and continued to operate.
The "Itna Fire Insurance Company" that was unlucky in the fire. Later, after his earnest persuasion, a friend was willing to contribute money to deal with the compensation together with him.
After passing through the crisis of repaying compensation, the reputation of "Itna Fire Insurance Company" became famous, and there was an endless stream of policyholders, while the insurance premiums doubled. In this gamble, Joseph not only made a profit
The compensation was paid, and a net profit of US$150,000 was made. This was John Pierpont Morgan’s grandfather who liked risky gambling.
And the financial oligarch we are familiar with, J.P. Morgan (
pontmo
gan) was born a long time later. Speaking of which, he is the most important figure in the history of the Morgan family. He is an important figure in the history of American economic development. He has made an indelible contribution to the development of the American economy. He was also a figure in the 1900s
The most important industrialist in the United States is the only one who has seen clearly here. He helped raise funds for basic industries in the United States and made outstanding achievements in many fields-including railroads, steel, telephones, electricity, banking, and insurance. J.P. Morgan
From an unknown young man, through hard work and hard work, he gained a foothold in the financial world and defeated his opponents one by one, and finally developed into the number one person on Wall Street in New York City and ascended to the throne of the American economic hegemon.
The "Morgan-style" business philosophy is: not afraid of risks, have the courage to challenge the strong, and achieve the goal of being the best, while being down-to-earth and achieving it step by step.
J.P. Morgan was born on April 17, 1837, into a wealthy businessman family in Hartford, Connecticut, USA. From his grandfather Joseph to his father J.S. Morgan, the Morgan family was very successful in business. His father J.S. Morgan was the new
Wealthy businessmen in England initially engaged in the wholesale of dried vegetables, and later partnered with Peabody, a famous banker in the city, to establish Peabody & Co. in London, specializing in the trading of U.S. Treasury bonds, state bonds, stocks, and foreign exchange. Their business was prosperous.
, successfully introduced a large amount of British hot money into the United States, which was extremely short of funds. Perhaps it was because of this special family atmosphere and business influence that Morgan dared to think and do things since he was young, and was full of business adventure and speculative spirit. His future development
It is also inseparable from the funding behind his father. J.S. Morgan strictly required his son J.P. Morgan to take over the family business, helped him choose courses to study in Switzerland and Germany, and arranged for him to be an apprentice on Wall Street. All events, big or small, may become his
Lessons learned from J.P. Morgan.
J.P. Morgan has shown his superhuman ability to seize opportunities from the very beginning. After graduating from college, he went to intern at Duncan Firm, which was opened by his father's friend on Wall Street. During one purchase, at the dock of New Orleans, a strange white man asked him if he wanted to buy.
Coffee, the man introduced himself, saying that he was the captain of a cargo ship between the United States and Brazil, and was entrusted to transport a ship of coffee to a coffee merchant in Brazil. Unexpectedly, the American buyer had gone bankrupt, so he had to sell it himself. If someone gave him cash, he could
Sold at half price. J.P. Morgan thought about it for a while, woke up from his initial doubts, felt that this business was good, and decided to buy the ship of coffee. He took coffee samples to sell to all customers in New Orleans who had connections with Duncan Trading Company, but
No one accepted it, and they in turn advised him that maybe the coffee was not consistent with the samples, not to mention that crew members had deceived buyers before. But Morgan felt that the captain was a trustworthy person and he believed in his own judgment.
So he resolutely bought the whole ship of coffee in the name of Duncan Trading Company. He also telegraphed to the headquarters of the trading company that he had bought a shipload of cheap coffee. However, Duncan Trading Company called back and severely criticized him, saying that he was not allowed to use the company's name without authorization! He canceled the transaction immediately!
Morgan had no choice but to send a telegram to his father in London, asking for help. With his father's acquiescence, he used his father's account in London to repay the money he had embezzled from Duncan's firm. He also bought other ships under the introduction of the captain.
of cheap coffee.
Morgan won! Facts proved that his judgment was correct: the cabin was full of good coffee. Not only that, just when he was actively contacting customers, Brazil's caffeine production was greatly reduced due to the cold, and the price of coffee in the international market soared 23 times. Morgan
He made a fortune! His adventurous spirit amazed those who knew him well. His father, who had been working in the business world for most of his life, couldn't help but praise his son for being teachable!
With his father's funding, J.P. Morgan established the Morgan Trading Company opposite the New York Stock Exchange. His career began! The foundation of an economic skyscraper was thus laid!
It was during the Civil War, and one day a young man named Ketcham came to visit him. He seemed to casually mention the "Order No. 1" issued by President Lincoln on January 27, 1862. This order determined 2
At the end of the month, the Northern Army mobilized, and the Army and Navy launched an all-out attack. The Civil War was about to enter a new stage. During this period, the Northern Army suffered heavy casualties. Morgan suddenly became excited. He believed that the price of gold was going to rise again. At that time, the Lincoln administration was often plagued by heavy military expenditures.
Troubled by insufficient money. Later, Poland Joyce, who had served as the governor of Ohio, became the Minister of Finance. He began to implement the "deficit government" policy. Although the government had a currency shortage, in addition to the national debt, Joyce also used interest rates as high as 7%.
Issued war bonds. As a result, an abnormal phenomenon appeared: if the North Army won, the price of gold would fall, otherwise it would rise or even skyrocket. They have realized that this is a once-in-a-lifetime opportunity for speculation.
Shortly after they met, the Union Army was defeated in the Battle of Bull Run. In order to replenish armaments, Joyce quickly issued 2 million US dollars in war bonds, but no one subscribed. In the end, he had to resell them to London through the Union Bank of New York. Kercham will
The situation was quickly notified to Morgan. They soon learned that the bonds were transferred through Peabody. After discussing with Peabody in London, Morgan secretly bought a large amount of gold, half of which was owned by the family. Rumors of Peabody's purchase were spread everywhere in the United States and the United Kingdom.
News about gold. The price of gold also skyrocketed. People began various investigations and speculations, because at this time the Northern Army failed in more than one place. The rise in gold prices does not seem to be related to the shortage of armaments, daily necessities, and industrial supplies, so there must be an invisible hand.
The New York Times later announced that the manipulator had been found, and he was the young speculator J.P. Morgan. The newspaper severely criticized the deliberate actions that caused the price of gold to skyrocket. But criticism was criticism, and the price of gold was still skyrocketing. From this incident
It can be seen that young Morgan was unscrupulous in order to make money. His father's explanation for this was that the child was too courageous. Then Morgan hired a telegraph worker to contact the frontline officers specifically to know the news more accurately. There is no doubt that the news
It brought a lot of gold to Morgan. Later, J.S. Morgan obtained top-secret information and the U.S. government wanted to compensate Britain for 1 million pounds of gold. Needless to say, J.P. Morgan made a fortune again.
After the Civil War, Morgan & Co. became increasingly prosperous. His former colleagues, Charles Dabney of Duncan & Co., and his cousin Gutwin all joined his company, and the company's name was changed to Dabney & Morgan.
.
As Morgan made profits again and again, he finally grew from an unknown person to a rising star on Wall Street. This opened a new chapter in Morgan's glorious career.
In 1869, Morgan intervened in the famous dispute over the Saskohanna Railway.
The Saskohanna Railway is an artery connecting industrial cities and coal bases in the eastern United States. It starts from Albany, the capital of New York State, to Binghamton in northern Pennsylvania, with a total length of more than 220 kilometers. Binghamton has many railways
It leads to various coal producing areas and is a famous coal distribution center. Moreover, this railway is connected to the Erie Railway in the south and reaches Chicago, an important city in the central United States, in the west. Steel from Pittsburgh and oil from the oil-producing river can be transported to New York through this. Therefore, in the eyes of industrialists
In August 1869, Wall Street speculators launched a fierce battle over the ownership of this railway. The battle was dominated by speculation.
It was launched by Joey Gould, a young speculator who dominated Wall Street in the industry. In order to seize the Saskohanna Railway, he joined forces with the young and strong Jim Fiske. They cleverly took advantage of Washington's financial austerity policy.
He printed fictitious company-exchange bonds at the Odowie Theater, allowing about half of the railway's shares to fall into his own hands. At the same time, he bribed judicial officials and sealed up the Saskohanna Corporation before the Saskohanna Railway's shareholder meeting.
The New York State Court also ordered that Ramjet, president of the Saskohanna Railway, be removed from his post. Subsequently, Gould quickly extended all his ownership of the Erie Railway to Bingampton and prepared to declare ownership of the Sakohanna Railway.
When his train full of armed personnel entered the Saskohanna Railway, it was blocked by heavily armed company employees led by Ramjie. A fierce conflict broke out between the two sides, causing heavy casualties and becoming a major tragedy that shocked the United States.
The government had to send out troops to quell the situation.
Ramjie was determined to avoid this humiliation. He was introduced to Morgan, who had become a young financial investor on Wall Street. Morgan agreed to help him after careful consideration. The method was to go to court with Gould, and Morgan asked Ramjie to hire him.
His father-in-law, lawyer Tracy, and his assistants, lawyers Hunter and Ramje, fully agreed and promised to issue 3,000 new shares after the event was completed, making Morgan, Dabney, Tracy and Hunter all listed as shareholders. The court battle was very long.
Effective immediately, the court reinstated Ramjie. Then they prepared for the battle at the shareholders' meeting. Tracy expected that Gould and Fisk would probably threaten force at the meeting. Morgan felt that his father-in-law's idea was right, so he
Careful negotiations and arrangements were made with Ramjie and others. Early in the morning on the day of the shareholders' meeting, Morgan, Ramjie, Tracy, and Hunter rushed to the venue, only to see that Fiske had already brought many heavily armed soldiers.
The guards came. Seeing how nervous they were, Morgan found it funny. At this moment, a shout came from the entrance of the venue: "Fiske, don't move!" Then many Albany County police officers in gray uniforms appeared around, Fiske
They were stunned. Under the command of the director, Fiske was arrested. Of course, no arrest warrant was produced and his crime was not announced. Fiske, who was intimidated, also forgot to ask them to do so, and was taken away in a carriage in a daze.
Due to Fuske's arrest, Gould sabotaged the meeting's plans, and the shareholders' meeting was held smoothly. At the meeting, Ramje continued to serve as president, and Morgan was elected as vice president of the Saskohanna Railway. Step out
Morgan couldn't help but laugh in the conference hall. People later learned that the dramatic scene of Fisk's arrest was entirely planned and directed by Morgan, and the so-called "police" and "police chief" were naturally hired.
After the shareholders' meeting, Morgan actually replaced Ramjet and took control of the Saskohanna Railway. Wall Street and even the entire United States were talking about this, and various speculations came one after another. Invisibly, Morgan's popularity increased rapidly, and no one denied that he
He was a huge success when he got involved in the railroad speculation industry, and some people hailed him as a new recruit on Wall Street who was extremely skillful, strategic and promising. "American People" commented on him: "As a business operator, Morgan is incomparable to contemporary
He fought against the most powerful financial capitalists with all kinds of weapons, and he won, thus laying the foundation for riding on the corporate stage and opening up his own life."
The early history of the Morgan Group records the era of monopoly that will never return
In 1871, founder J.P. Morgan co-founded Drexel Morgan Company to engage in banking services such as investment and credit.
In 1895, it was renamed J.P. Morgan Company and penetrated into industries such as steel, railways and public utilities.
In 1912, the Morgan consortium controlled 13 financial institutions and was called the "bankers' bankers" by the American financial community.
In 1930, the total assets of large banks and large enterprises controlled by the Morgan consortium accounted for more than 50% of the eight major consortiums in the United States at that time.
From a background perspective, China's capital market after the mid-1990s is indeed similar to the U.S. capital market where Morgan worked more than a hundred years ago: there is an excess of idle capital, the market is full of speculation, and investors hope that corporate leaders will emerge from nowhere.
Morgan's experience cannot be replicated. In 1898, he underwrote US$200 million in US government bonds and subscribed US$1.8 billion in British treasury bonds in 1899. Morgan became the world's number one financial tycoon.
However, Morgan's financial means of integrating disorderly competitive industries are of reference significance.
After the Civil War, the U.S. steel industry developed rapidly. The subsequent Spanish-American War and the Boer War caused steel prices to rise, profits to soar, mergers and acquisitions abound, but disordered price wars also emerged. Morgan believes that,
To establish proper order in the steel industry, larger-scale mergers and reorganizations are necessary.
To this end, he first chose the U.S. Steel and Wire Company owned by John Gates. Morgan used various methods, such as roping in Gates' lawyers, to coerce and induce him to reach an agreement: to establish a federation on top of the U.S. Steel and Wire Company.
Steel companies, including 265 steel companies in the United States.
Next, Morgan used this as capital to start the well-known negotiation with Andrew Carnegie. Eventually, he acquired the latter's steel company for US$400 million. In 1901, Morgan's own U.S. Steel Company was finally officially established.
In order to speed up the company's operation, Morgan on the one hand set high product prices and raised the industry threshold by squeezing small and medium-sized steel companies; on the other hand, taking advantage of the financial constraints of these small and medium-sized companies, Morgan continued to acquire - U.S. Steel annexed the U.S. Steel Company in one fell swoop.
More than 700 related steel companies.
After that, Morgan's U.S. Steel Company immediately began to cut prices. This strategy was quite effective. During the company's heyday, the board of directors controlled 35% of the steel production in the United States and could decide the fate of nearly 170,000 steel workers. U.S. Steel also became the third largest steel company in the history of the United States.
An industrial company with assets in excess of $1 billion.
Today, the era of monopoly is over, and world business power has been dispersed to different institutions. As it is said in the current domestic best-selling book "The Morgan Syndicate": No other bank will be as powerful, mysterious and wealthy as the Morgan Syndicate in the future.
The Morgan Alliance and the Morgan family are collectively known as the Morgan Alliance. In the Morgan Alliance, the board of directors is led by a chain of directors with Morgan as the axis, and it is interconnected with major financial institutions of more than 200,000 below large financial capital, thus forming a huge structure and organization.
The strict "Morgan System". This financial group occupies 33% of the financial capital in the United States, with a total value of nearly 20 billion U.S. dollars! It also has insurance assets of 12.5 billion U.S. dollars, accounting for 65% of the U.S. insurance industry. In terms of production, 35% of the U.S.
There are 47 directors of Morgan Company among the major enterprises, including U.S. Steel, General Motors Company, Kennegg Special Copper Company, Texas Gulf Sulfur Company, Continental Oil Company, General Electric Company, etc. Morgan Company's penetration into the railway industry is
Everyone knows it. At the same time, in the communications industry, it also owns IT (International Telephone and Telegraph Company), All-American Cable, Postal Cable, AT&T (American Telephone and Telegraph Company), etc. Morgan Alliance has total assets of US$51 billion, and its subordinates include
Yanakoda Copper Mountain, Westinghouse Electric, United Metal Carbide and other major trust companies. Add up all the above, add up all total assets, and deduct duplicate parts. The Morgan system before the Great Panic had a total capital of $74 billion, equivalent to the entire United States.
There are 14,167 directors of all corporate capitals. They came out from Morgan and control the entire Morgan system and execute the instructions issued by Morgan on Wall Street. What kind of hegemony is this! Even today’s Li Cong seems to be a little behind compared to others.
of.
Not only in this aspect, the Morgan family used to be creditors all over the world, and Li Cong could not catch up with them in this regard. Morgan had been creditors to the French, Mexicans and Argentines, and the amount of loans was at least
At that time, the total tax revenue of the government in a year was even more times that. If this did not work, then becoming a creditor of the British would definitely make Li Cong admire him.
It is natural to be a creditor of various countries, and what Morgan was most proud of was that even the British Empire had to ask him for help. As a colonial territory of the Dutch East India Company, the Hottentot country Boer (now South Africa),
After the Napoleonic War, it became a colony of the British Empire. Soon, the diamonds and gold in the area were developed by explorers. In order to develop diamonds and gold, the British Empire formulated a cruel and harsh colonial policy.
This further deepened the conflict with the Boers who originally lived there. As the conflict became more intense, the First Boer War (1880-1881) broke out.
The British successfully expelled the Boers to the north, took back all the gold and diamond producing areas and controlled them. As a result, the antagonism between the British and the Boers further deepened, and finally the second Boer War broke out (
1899). This time, the Boers learned the lessons of their defeat in the last war and adopted flexible and tenacious guerrilla warfare to deal with the British army. This caused the British Empire's expeditionary force to be troubled, unable to advance and unwilling to give up.
After the Second War began, Britain's war expenses were unexpectedly huge, far exceeding people's estimates at the beginning of the war. It rained all night, and the German emperor, who had always been incompatible with Britain, also
It was ambitiously planning to build a large fleet. The British Empire had always been the leader at sea, how could it allow others to replace it? It was bound to compete with Germany, so a fierce arms race began. While the war was going on, the British Empire was expanding its armaments, and the British finances suddenly fell into trouble.
When you are in an extremely difficult situation, you can no longer rely on your own strength alone, and you must ask for help from others.
At this time, the British government first thought of Morgan, so it sent Belmont of the Rothschild Company's New York representative office to seek Morgan's advice and ask for help. Morgan agreed without hesitation. Morgan first learned from the first Boer
Starting with the war bonds, he was responsible for purchasing public bonds worth a total of 15 million U.S. dollars. Later, he repeatedly subscribed for additional bonds. In fact, a total of 180 million U.S. dollars worth of British government bonds were subscribed. Having done so many war bonds and government bond transactions, he was
For Morgan, the benefits are endless.
By the beginning of the 20th century, it is no exaggeration to say that Morgan had become the world's creditor. Li Cong raised his head and glanced at Miss Baring in front of him. Although she did not have the skills of their ancestors, at this moment, this girl could estimate here
He is also an important figure in the family. There is also the Morgan family in the Skull and Bones Society. However, in front of those huge giants, the Morgan family is just a wealthy man on the surface. Their cooperation with the Klan is just to take it to a higher level.
Lou, at this time, a simple-minded guy would probably agree to their idea immediately, but Li Cong would not do that. Li Cong clearly knew how powerful the skeletons were, and he could not agree to this condition unless he
They can control more than a quarter of the United States, otherwise their 6,000 tons of gold may become trophies of the Skull and Bones Society. They are facing a huge gamble, a 6,000 tons of gold gamble. If they win, 6,000 tons of gold will be bought.
If one-third of the United States loses, it will be these 6,000 tons of gold. (To be continued...)