Chapter 516: The Bubble Detonated Early
Facing the furious US emperor, the foot basin people still chose to resist. They also figured it out. The United States is the United States, and the finance minister is the finance minister. This is not the same thing.
In most cases, these politicians in the United States first consider the interests of the United States. Of course, they unknowingly equate the consortiums they represent with the interests of the United States.
Is there a conflict? Seems to make no difference, right?
Haha, it depends on how you understand it. From an overall point of view, it is better for the foot basin to be stronger. After all, their dependence on the United States is all-round. From economics to politics, they are all in favor of the United States.
At the level of the Federal Reserve Bank and the consortium, the thinking is different. Whether the big rabbit can develop or not, they don't care, or in other words, they don't care now.
The threat of the foot basin is indeed real. Curbing the rapid development of the foot basin is the top priority right now. Well, these words are actually nonsense. The main reason is that the consortium is impatient. If the development of the foot basin is allowed to continue, the existence of Wall Street will be a joke.
After understanding the reason, the people in the foot basin no longer hesitated, and began to carry out targeted monetary tightening.
The total control of land finance, this man-made sudden brake, led to the accelerated decline of the bubble economy, which was already heading for a natural recession, and caused the long-term credit system supporting the core of the foot basin economy to collapse.
Since then, the Pedon Bank has also adopted a policy of financial tightening, further amplifying the influence of this policy.
After doing all this, the foot basin person seems to be a little worried. There is news that the foot basin government is planning to increase taxes. Increase taxes on land transactions and holdings.
Although Wall Street had expected all this, it was still taken aback. Your thing seems a bit like the capital gains tax of Formosa. If you do this, there will be big problems.
Regarding the anger of the U.S. emperor, the foot basin expressed that the U.S. and Japan are family. If necessary, we can pay more for protection. If you are still not satisfied, you can go directly to the central bank of the foot basin to get it.
Next, it's the turn of the US emperor to be ignorant 13. Don't think that you are the only ones who are playing rogues.
"Boss, that's about it. At least half of the consortium's money is stuck in the foot basin."
"Hehe, the exchange rate has more than doubled, the average stock price has nearly tripled, and the land prices have risen even more outrageously. Buying a property requires a lottery. I think they are a little too greedy."
Filson smiled wryly, of course you can say that. Now it seems that getting the money in your own pocket is real. As for the wealth on the books, it is not true.
"Some time ago, it was really outrageous. I didn't understand it. I thought I was buying a lottery. Haha, buying a house requires a lottery. This is considered creative."
"Haha, Filson, they must be having a headache now, we can speed up the process. The integration of refineries and gas stations needs to be speeded up."
"Okay, boss, under such circumstances, they dare not act rashly."
William White smiled, very happily. It was always someone else who made trouble for him. This time, I'll let you try my buddies' methods.
As for the fact that the property prices of foot basins have not shown a downward trend, he is not very concerned. To put it bluntly, it doesn't matter how high the property price is without transaction volume.
Land is different from stocks, and there is a cost for you to go back and forth. Without the bank's credit support, the high price is a joke. If you want to get a bank loan, I'm afraid you need to discount in half.
Haha, even so, it is under the condition that property prices have not fallen. If there is a sharp drop in property prices and land prices, I am afraid that this loan ratio will be even more difficult to say.
William White guessed right, a group of old guys really have a headache. Foot basin people are obedient and well-behaved in most cases. However, people are now at a critical moment of life and death, and it is obviously a bit too much for you to ask them to do so.
The most important thing is that many people don't take their behavior seriously. To put it bluntly, your interests are only your own, and have nothing to do with other people.
Of course, it is impossible for them not to pay attention to William White's dynamics. However, they discovered a problem. The situation was completely out of control. What they need to pay attention to is not to contain William White. On the contrary, they need to worry about whether this guy will attack his own industry.
"What? Or the oil industry? Well, let Rockefeller have a headache. As long as this guy isn't going to dabble in investment banking, we need to show proper goodwill."
"Boss, in fact, they are already an investment bank."
"Oh, this guy."
Well, like Morgan Stanley's veterans, most consortiums have remained silent. There are even some happy to see it happen.
Although they were somewhat displeased with this de facto eleventh consortium, there was nothing they could do.
Yes, although they were used to being unreasonable, they couldn't do anything to an even more unreasonable guy. If this guy gets mad, it's really not going to end well.
The tragedy in Detroit taught them that it must be a very unpleasant experience to play unreasonably.
Although the old guys were upset, they couldn't be more serious. Of course, they could pretend not to care, but Rockefeller couldn't.
How many years has it been? The last time I encountered provocation seems to have happened in the last century. Could it be that their decision to retreat was really wrong?
In fact, Morgan Stanley and Rockefeller are somewhat similar. Their strength is too great, causing the dissatisfaction of many forces. In order not to be the target of criticism, they have to make some trade-offs.
Ever since, Morgan Stanley suffered a split. The Morgan family also lost actual control. As for Rockefeller, they had to give up their infiltration at the political level. To put it simply, making money doesn't matter, if you dare to think about other things, be careful not to cause public anger.
To suppress oil prices, the biggest target is undoubtedly Mao Zi. As for Rockefeller, it may also be an addition by the way.
After all, you control more than half of the oil companies, which is still very daunting.
Suppressing is just a matter of course. Anyone who sits in the Oval Office will do it.
"Father, I just asked. He is very determined, and he doesn't mind shouldering the burden with those old guys."
"Hehe, it's nice to be young."
"Father, don't you care about the foot basin? Those old guys are in a hurry."
"Hmph, it's not enough to make money. The bullshit interests of the United States can drag them down. These assets can't be tampered with."
Little Bushu was a little confused. He thought to himself, shouldn't we be the same to the outside world? Why cheapen the foot basin people.
"That's it, haha, in this way, William White's acquisition will be much easier."
"Hey, this guy is still as lucky as ever."
"Father, in a few years, William White will also be restrained."
"This is exactly where he is smart. Didn't you realize that he doesn't have much property in the United States."