Chapter 2542
Senator Langdon sat in his seat and looked at the senators in other seats with a slightly strange smile.
The Federal Currency Issuance Committee is composed of a total of twelve senators and thirty-two representatives. This is an already large committee and will exist for a long time.
The "management class" of the entire committee, which is the senatorial part, has eight people who belong to different banks, including Senator Langdon himself.
He represents Lynch, which means he represents the federal Blackstone Bank, while the other eight people represent six other banks.
There are two representatives from the Federal Reserve Bank. After all... this matter has a very close relationship with them.
The other four people belong to the neutral faction——
The political environment of the Federation has always been such that people do not allow the power of one side to absolutely suppress the other side.
Like the Senate, the Progressive Party, the Conservative Party, the Socialist Party.
We are always trying to maintain a very delicate balance and prevent any one political group from becoming dominant.
Some people think that the purpose of this is to avoid the absolute corruption caused by absolute power, but others think that this is a balance between capitalists and politicians, not a balance within politics!
After all, capitalists don’t want politicians to stick together, which would be a disaster for capitalists and capitalism!
At this time, the small committee also has four "blank people" who can change their stance at any time. When everyone has differences on certain issues, they can wave money to win over these four people.
After all, canvassing in the federation is a legitimate means of political competition, and no one would consider it inappropriate.
Four lucky guys.
Senator Langdon curled his lips. Being wooed here is far more rewarding than being wooed in other committees, and you will get more!
After all, this is the territory of the seven major banks in the federation. They have money and don't care about money.
At the same time, this also means that the days of the Currency Board will not be too peaceful. The four senators who have no banking background will try to find something for everyone to do in order to gain some benefits for themselves.
In addition to the senators and congressmen, there were also some observers at the meeting, all representatives of banks, including Lynch.
Senator Langdon sat next to Lynch and chatted with him without any worries before the meeting started. Everyone knew that they were in the same group and had a very good relationship.
Pretending not to know each other or pretending to have a normal relationship is not a good choice. Instead, it is better to sit together and chat openly.
He looked back at Lynch again, and Lynch noticed his turning back. After the two looked at each other for a moment, Senator Langdon sat upright again.
"This is the first committee meeting of the Federal Currency Board, and we have also invited some people from all walks of life to observe."
"Among them are Mr...., the chairman of the board of directors of the Federal Reserve Bank, Mr...., the chairman of the board of directors of Jinhui Bank, Mr. Lynch, the chairman of the board of directors of Blackstone Bank..."
"In addition to the above-mentioned people from the banking industry, there are also the first chief of the Financial Security Office of the Federal Security Council, Mr. ..., and the two executive members of the Federal Financial Management Council, Mr. ... and Mr. ...."
"Mr. ... of the Office of the Presidential Secretary in the Presidency, Mr. ... the Undersecretary of the Federal Ministry of Trade, Mr. ... the First Minister of the Federal Ministry of International Affairs, Mr. ... and the Research Specialist of the Federal Office for International Strategic Studies." "
A large number of people participated in the hearing, and these people were of high status.
If you pay careful attention to their titles, you will find that these people have certain connections with economics and finance, and even include some international strategy researchers.
The International Strategic Research Office was born during the administration of President Bowling, but his attention was not entirely focused on it at that time. It was not until Mr. Trueman came to power that the issue of international strategic research was taken seriously.
This office also started to move on the right track from a small office.
Today, the International Strategic Research Office is no longer just an office, but a larger organization. It includes about seven or eight subordinate offices such as the "Political Countermeasures Office" and the "Military Countermeasures Office".
Study changes in the international situation from various angles and study various targeted countermeasures.
There are also people from the Office of the President's Secretary here who are responsible for recording everything here and then passing it on to Connor.
A very heavyweight meeting, which is destined to make this committee one of the most important committees in Congress from this moment on!
The person in charge of presiding over the meeting is a senator who has no position. He has no banking background. He was selected through a method similar to drawing lots. It can be said that he is extremely lucky!
Everyone hopes to join this committee. Everyone knows that there are great benefits and opportunities as long as they join, so in the end Congress adopted a method similar to drawing lots.
Although it is said to be a lottery, there are still certain restrictions. After all, no one wants people with too many banking backgrounds to join, so this "random selection" is very subtle.
"Thank you all for coming to observe the first committee meeting of the Currency Board. The convening of this meeting mainly revolves around several important issues."
"First, we will re-examine the relationship between the federal government, the federal government, and the issuing agency."
"Secondly, we need to weigh our options from the perspective of federal currency security and the federal strategic layout in the international community."
"The contents of all meetings are confidential, and everyone needs to sign a confidentiality agreement before the meeting officially begins."
“If anyone disagrees with this, or thinks that their rights have been violated, they can raise it in time and leave.”
"Once a confidentiality agreement is signed and any content is disclosed to the outside world before the confidentiality statute of limitations expires, we will pursue all responsibilities..."
Then congressional staff came in from outside the door and began to hand out confidentiality agreements to everyone.
The confidentiality agreement used by Congress does not contain much content. It is only four pages in total. There are only a few contents that really need to be noted.
Lynch had signed many confidentiality agreements. He took a rough look and found that except for the unit name, time, location and binding content, there were no big differences in the contents of this standard document.
He wrote his name casually, and even if there was a problem with this agreement, he could ask Connor to help him solve it.
Most people actually knew about the confidentiality agreement before they came, so they passed this part quickly.
The presiding senator began by briefly informing all observers of their rights.
They are not allowed to speak during the meeting and can only ask questions to the committee during breaks.
You are not allowed to move around or talk freely during the meeting, but you can record it.
You cannot leave the conference hall until the meeting is over - there is a separate toilet in the conference hall, so there is no need to go outside.
After the final confirmation, the meeting officially began.
"All of us have done a lot of careful investigative work recently around the issue of currency issuance rights, and in the lawsuit against the Federal Reserve Bank of Canada we became aware of the special characteristics of currency and currency issuance rights."
"It is related to a country's economic and financial security, and it is a way to compete with international forces under the prerequisite of non-armed conflict."
"Since the publication of Mr. Lynch's "Modern Economic Warfare" and "Financial Warfare", we have paid more and more attention to the influence of currency on ourselves and the world."
"Based on the current interests of the Federation, it is very necessary to maintain the stability of the Federal Sol in the foreign exchange market and ensure that the Federal Sol has the first weight in international settlements!"
"So we need to be very cautious in dealing with the Federal Reserve Bank!"
"We have several decisions here that need to be discussed by everyone. At the same time, we also need to draw on the power of people from all walks of life to jointly make a suitable decision..."
The "decisions" provided by the Currency Board were actually provided by Connor, and the decisions provided by Connor were provided by Lynch.
This is a very wonderful feeling. The wonderful thing about it is not that Lynch knows the "answer" in advance, but the wonderful feeling of having the federal governing organs at his fingertips!
In fact, it cannot be completely said that this is the case. After all, from the perspective of an uninformed person, all this is in compliance with federal laws and charters.
At the same time, it also reflects the federal principles of fairness, freedom, and justice!
There is no dictator, everything is the crystallization of the wisdom of the people, awesome!
The Federal Reserve is unwilling to be broken up and cannot be broken up. After all, the Federal Reserve is a "commodity."
If its characteristics are broken and no longer complete, the value of the Federal Sol will plummet!
This is something that no one here wants to see, so we must ensure that it can maintain its current appearance, at least no one will try to split it into many independent companies.
Nor will the Federal Sol be split into "Federal Sol" and "Federal Sol".
“…We had an idea to achieve more intensive management of the Federal Reserve without changing what it is today.”
"We propose to require the privatization of the Federal Savings Bank and to increase the power levels of state banks at all levels."
"Split the content and change it into a framework..."
After the reform of the Federal Savings Bank, each state will have a body similar to a board of directors, and the Federal Savings Bank of each state will conduct self-management unless necessary.
A significant portion of the authority previously held by the Federal Reserve Banks will be transferred to the Federal Board of Currency and various committees.
For example, the decision to issue currency, printing, and issuance are all decided by the Currency Board.
Another example is the adjustment of bank interest rates, which will be the responsibility of the Federal Savings Board.
The Federal Savings Bank would become a purer instrument, but it would still be privatized and the Federal Reserve would still be issued by it.
With just such a reform, some initiative has been transferred from the hands of banks to the hands of the federal government...