In addition to printing new U.S. dollars, printing new U.S. dollars that has no basis and is purely supported by credibility.
Hero has also suspended a large number of public utilities and long-term investments related to the future of the company:
School construction is suspended, road and railway laying is suspended, new factory expansion is suspended, and Texas land acquisition plans are suspended...
All in all, it means suspending all non-timely income investments of Hero Company.
Of the 250,000 "security guards", except for 10,000 "security guards" to maintain basic security in Texas, the rest were all sent to the front lines.
Originally, workers from Texas were sent to the battlefield as much as possible, responsible for road construction and other field engineering work.
Now only the military factories and factories with high profits are still in operation in Hero Company, and Tom has officially bet a large amount of his wealth on the "gambling table".
If we bet again, we can only start selling land and gold, which is Tom's lifeblood.
The over-issuance of currency without any support instantly made Hero Company "vibrant" again, but I don't know how long this false prosperity and vitality can last.
John also received the secret order from Tom.
"At all costs, obtain the Pacific Ocean outlet as soon as possible. It is best to capture the Baja California Peninsula at once!"
If you want to seize the seaport as quickly as possible and make it a safe seaport, then the best way is to suspend the southern advance, advance along the US-Mexico border, and advance from the north.
In this case, before officially gaining access to the sea, the battle line will only become longer and longer, and the demand for military supplies and manpower will also increase.
But Tom did not expect that the biggest resistance would not come from the battlefield of the United Mexican States, nor from the diplomatic mediation of the Europeans, but from the "war" brought by his old rival, the Yankees.
June 21, 1867
At this time, it was less than ten days before Hero issued a super-issuance of US dollars.
Several ships from the northeastern United States docked at the port of Houston.
Several Yang guys in suits and ties got off the boat.
They are representatives from the top banks owned by major financial groups, and they want to compete with Tom on the "friendly business negotiation table".
Smith Tower Conference Room:
“What do you mean by this: let’s cooperate with several banks?”
"Yes, the Federal Bank will be established, in which Hero Bank will hold 13% of the shares, Morgan Bank will hold 9% of the shares, and the First National Bank of Boston will hold 7% of the shares..."
"So, I still took advantage?"
"呲流~"
Tom took a bite of ramen and looked at the plan submitted by the other team.
A plan for the union of twenty-seven large banks in the United States to form a national federal bank.
In this plan, it seems that Hero has taken advantage of it. Compared with other banks that have been operating stably for decades, Hero Bank, which was just established, still holds the highest proportion of shares.
At the same time, Hero Bank also has "one-share veto power", but not all decisions can be vetoed.
It can only be used for major equity-related events such as financing, dilution of equity, etc.
Each member bank also has significant autonomy:
Lending independently, investing in other companies, etc. If there is a shortage of capital chain, you can apply for the lowest interest loan from other "brother" banks.
The biggest role of this federal bank is to jointly issue currency. It meets regularly every year to discuss the total currency issuance for the next quarter, and then obtains the currency issuance based on the shareholding ratio of each bank.
If this federal bank is really established, it will be equivalent to directly issuing a death sentence to all state banks established by state governments and various small banks.
A giant private joint bank is also a union of the most reputable banks in major states, and the currency jointly issued will definitely become the only "standard" currency of the US dollar.
State banks and other small banks have no credibility or financial advantages in front of this financial behemoth, and the public will have no idea to recognize this large joint bank.
Tom looked at the names of a dozen banks that had already expressed preliminary approval in the plan. Without exception, they were all the first-class large private banks in the United States.
For private banks, being selected by this business plan can be said to be recognition of you by the financial industry.
Tom chewed some garlic and ate it with a mouthful of ramen.
"Crack."
"My little butterfly."
"Did it still affect the timeline?"
“Isn’t this the prototype of the Federal Reserve?”
"You really can't underestimate the Yankees of the Gilded Age. These people are the ones who made the United States jump from an agricultural slave country to a world hegemon."
Tom silently thought about how he affected the timeline.
Tom felt that relying on his credibility, the super currency issue inspired the Yang guys. The productivity and influence of each of them are now far less than Tom's hero company, but together they are still "Yang" that Tom can't shake.
Big Mac".
In the past, most of the banks that overissued currency were small and medium-sized banks. Once the public lost confidence in the bank, or the economic environment was not good, people would run on the currency on a large scale. These small banks would be unable to make large-scale payments due to the break in their capital chain.
Bankruptcy resulted from a large-scale run on the currency it issued.
The previous Yang guys, especially those who have already become big, probably felt that over-issuance of currency on a large scale would do more harm than good.
Hero Bank was the first bank where a very large enterprise used its reputation as a guarantee to issue a large amount of excess currency. And because of the trust of the people of Dixie, there was no large-scale bank run.
For Hero Bank, as long as Hero Company can maintain its "hero image" in the minds of Dixie people, there will be no bankruptcy problem.
Once the gay bankers unite, they can issue their own dollars unscrupulously, and the federal government can only watch.
Except for Tom's Hero Company, the other twenty-six banks on this list are all banks owned by Mr. Yang.
It seems to have given Hero the largest share of the company, but if you consider that Hero is the current position in the hearts of 10 million Dixie people
That is to say, Dixie people only recognize Hero Company as a "people's company", and 13% is indeed a bit low.
The population of Dixie accounts for a quarter of the United States. The Federal Reserve and Hero Corporation do not hold at least one-fifth of the shares?
Tom sat in the conference room, continuing to ignore the Yankees in front of him and eating ramen with big mouthfuls.
Quickly weigh the pros and cons internally.
"Agree or reject?"
"If you agree, there seems to be no benefit. There are 40 million people in the United States. I have occupied almost the entire market of 10 million people and most of the remaining 30 million people. Whether I join or not, it will not affect Hero Bank's over-issuance of US dollars.
upper limit.”
"There are a lot of disadvantages. Hero Company will become a traitor in the eyes of the Dixie people. The amount of the overpayment is also decided jointly by 26 banks. The war is not over yet, and the 1.5 billion US dollars I have given over may not be enough.
, there is a high probability that we will need to continue to send more hair, and then we will be at a loss.”
"Once the currency cannot be issued in excess, there will be a gap in the capital chain again. Next time, this group of people will not have this kind of friendly cooperation and joint contract, and may directly give me a purchase agreement or something."
"There's no harm in disagreeing. Even if they unite, they won't be able to enter the Dixie market. It doesn't affect me at all."