Chapter 587 Mining Tycoon

When your assets reach a certain level, all you are left with is entanglement. This is not hypocritical. Looking at the actual purchasing power of American knives, it has been declining for more than ten years.

In the 1950s and 1960s, you dared to be the richest man in the world with two billion dollars in your hand. How many years have passed, if you want to become the richest man, tens of billions is just the starting price!

If the richest man in the United States in the 1960s lived to this day, this guy might go bankrupt. The price of oil has dropped from 30 yuan to 10 yuan. Moreover, this 10-dollar dollar was in the 1990s. If you compare it horizontally with the 1960s, it is at most 2 yuan.

Oil is unreliable, gold is unreliable, and silver is even more unreliable. So the question is, what should you do if you want to keep these investments now?

To completely solve this problem, let alone say that it is as difficult as heaven, it is absolutely impossible to solve this problem in his lifetime.

The power of currency issuance and currency pricing is in the hands of others, no matter how hard you try, it will be in vain.

Since there is no good way to deal with it, it is impossible to replace it with a monetary institution. Then, attacking around becomes the only option.

From the consortium's point of view, William White's rapid expansion was haphazard. He became a real estate, oil, and mining giant all at once. They don't understand what your main business is.

In addition to the semiconductor and entertainment industries, they were shocked to find that White Capital had penetrated into many industries without knowing it.

Although it seems that there is no way to go around with a hammer and a stick. His investment has a characteristic, that is basic necessities of life. All industries aim at this ultimate goal.

Admittedly, these pricing powers are not in his hands. However, the consortium still couldn't influence him.

Perhaps, you can concentrate your efforts to defeat a certain industry, but as long as there are no problems in his other industries, people don't care.

Like oil now, William White didn't care about these losses at all.

Tsk, if his industry is completely destroyed?

Well, just think about it, if there are problems with food, clothing, housing and transportation in the United States, their ending will be very sad. What the mustache can't do, the US emperor may not be able to do. How many Indians can you see on this continent?

Well, maybe I'll take it out for Thanksgiving.

For what he did, Meidi didn't think there was anything wrong. For a long time, this has been their theme.

I didn't understand it when I was young, but I always thought about it when I watched westerns. Why is this Indian so bad?

Ha ha, pointing at a deer as a horse has reached this level. The American Emperor is at a higher level than Zhao Gao.

"Boss, just now Mr. Peter Cares informed us that two companies in Tuao can sign a contract. Ask us if we need a leveraged buyout."

"I don't need leverage. I roughly need a credit line of 2.5 billion dollars. If the conditions they offer are acceptable, I will be very happy to accept it."

"Hehe, they will accept it. In the eyes of those directors, this is the signal of reconciliation."

"Well, to put it bluntly, I can't beat them, it's just a mutual compromise."

Billions of dollars are not a small sum of money to Morgan Stanley. In fact, they can't come up with so much cash. Of course, investment banks have solutions. William White's credit is strong, and this kind of credit is more like a back-to-back turnover.

Playing acquisitions on Wall Street, if you have three to five billion in cash, you can acquire companies worth three to five billion. Of course, if you already have three or five billion yuan, the acquisition will be even easier.

William White is rich, but he will not reduce his liquidity. The successful completion of the acquisition this time is also due to the obvious decline in the profits of steel companies.

In the early 1950s, the profit margin of steel companies once reached a terrifying 60%. The European recovery plan at that time really made them a lot of money.

Well now, the average profit margin in the steel industry is below 10%. As for the steel companies in the United States, they are actually losing money. This figure close to 10% was created by foot basins and European steel mills.

Iron and steel enterprises are in recession, who do you sell your iron ore to?

There is not much shortage of big rabbits now. Another serious problem is that the integration of mining companies has not been completed, and if you just want to cheat rabbits, there is no good opportunity.

It belongs to the golden age of iron ore enterprises, which was after 2008. Anyway, what the big rabbit buys goes up, and when it goes up, it goes up by ten or twenty times.

Think about it, the waste mines piled aside now will be very valuable in the future. It's funny to say that Tu'ao has no shortage of iron ore or high-quality coking coal, but it doesn't have a decent steel factory.

Speaking of it, it is also a trouble of happiness. There are only a few steelmaking enterprises in Tuao in Victoria. People feel that iron ore with a grade of 65% is meaningless, and steel is made directly from scrap iron and steel. It is called environmental protection.

Someone said, you should set up another steel factory. Anyway, not much money.

This is really not good, Tuao has no decent inland transportation. By sea, it takes 6,500 nautical miles to transport coking coal to Victoria. If you have this kung fu, you might as well transport it to the foot basin. Those distances in the middle gap are basically negligible in sea transportation.

Tuao workers are not as easy to fool as the foot basin people, and they will go on strike if they disagree. Nima, you don't even know what they want to do. None of the descendants of this group of exiles wants to work.

"No, boss, automatic loading and unloading equipment? This thing is not usually expensive."

"Expensive? Hehe, the bulk cargo terminal needs to build a new one, ignore the previous one. In this way, the guild will have no excuse to make trouble."

"Boss, I'm afraid there is not so much demand. The current throughput is only less than half of the design standard."

"Filson, from now on, you have to get used to looking at problems from a developmental perspective. Besides, I'm not in a hurry for this pier."

"Boss, how long is the approximate construction period?"

"Let's design it first. If you can't come up with the design drawings, how do I know if it is going to be reclamated? Is there a beach? In short, the construction period is at least three years."

"Okay, so I understand that if it involves reclamation or clearing waterways, those environmentalists will have to jump again."

"Hey, I'm not reclamation in the Great Barrier Reef. I don't know how these bastards thought about it. If we go back to the primitive society, it will be really environmentally friendly. It's just that five billion people eat barbecue together, and I don't know how Not that much wood."

Filson didn't pay much attention to the boss's complaints. He was thinking, if this new bulk cargo terminal project is established, will the trade unions and environmentalists jump their feet.

How could William White not know that the pier in Tuao often had accidents. If you are dissatisfied with something, you immediately choose to drop the pick.

In such a magical country, don't expect to change a batch of workers.

Tu'ao is a place where the brain and body are seriously upside down. A white-collar worker in an office building is definitely no match for a truck driver. The operators of these large machines in the mine are all like uncles, and money is not a necessary condition.

Do you know how much it costs to change a light tube in Tuao?

At least one hundred Australian dollars, roughly five or six hundred.

Then you said, I will change it myself.

The answer is no.

Of course, fuses and light tubes, etc., when no one knows, you change it when you change it. Just one thing, don't have an accident, otherwise the insurance company won't pay.