【304】Financial crisis(1/2)
"Yuan'er doesn't want to do it. What's the point of getting what you want? I hate it. The young master is so shameless."
"Hey, can't Yuan'er wait for the evening? Why did the tips of these pair of peaches protrude? Haha, it's good, the sun is shining, and let the young master put you on the spot now..."
"Oh, no!"
Yuan'er's vitals were attacked, and he was shocked and finally remembered the matter: "Young master, Kanegie...Mr. Carnegie is still waiting upstairs, waiting for you, you can't ask Yuan'er now...
Woolen cloth!"
Carnegie Andrew Carnegie?
He is here?!
Hearing this, Long Hao quickly pulled his index finger back from the edge of the wet garden, raised his eyebrows and said, "It's not a coincidence, but it's okay. When I see Carnegie, I'll deal with you, my little girl tonight!"
Yuan'er jumped down and tidied up her dress. Her red apple-like face was shy: "Okay, Yuan'er is waiting for you tonight... Master, let's go up."
The decoration of the Dragon Palace must be very good. Andrew Carnegie sat on the sofa with a big golden sword. When he saw Long Hao coming in, he nodded: "You are here."
"I'm here, I hope I'll hear that won't be too bad news, Mr. Carnegie."
Long Hao sat down opposite Carnegie with a smile, looking at the steel king who had not seen for a long time.
Yuan'er stepped out in an informal way, closed the door, leaving two big men to talk alone.
Carnegie was concise and took only half an hour to tell what he wanted to say and what Long Hao wanted to hear. After listening to it, Long Hao frowned rarely.
The news is really not very good...
To put it bluntly, it's a matter of money.
Carnegie traveled all the way to San Francisco from Pittsburgh to San Francisco. On the surface, it was extremely profitable and amazing, but only he himself knew how much resources it consumed and how much cash reserves Carnegie spent.
Demolition costs money. New delivery houses cost money, and new sales channels cost money... The cost of these reconstructions is a bit higher than Carnegie's expectations in the relatively "desolate" west!
If it weren't for the fact that he had met Lelan Stanford, the ally of Huaxia Town, if it weren't for the beautiful battle, the railway construction rights of Azhou were handed over to Carnegie smoothly and quickly...
The deficit could have dragged down Carnegie alive.
To some extent, the San Francisco Exchange sold by Long Hao was considered a mistake, solving some of Carnegie's urgent needs.
The examiner may ask, Carnegie brought his own dry food to you, Master Long, because he lacked cash. Will Huaxia Town not fund it?
Is the gold dug out every day on that piece of land in Alaska fake?
That’s right. Huaxia Town wants to fund Carnegie, but in the current situation, Huaxia Town is not very wealthy.
Why? Let’s talk about it slowly below.
First, Huaxia Town has a lot of gold mines and produces a lot of gold, but while the income is large, the expenses are really not small.
The Dragon Scale Army, the pioneering corps, accepted the three major civilians, the high welfare of Huaxia Town, and the continuous "blood transfusion" to places outside Huaxia Town... Which one of these is not a big money-spending beast? A beast that swallows gold?
Even if Huaxia Town is covered with iron, how many ships of nails can it be beaten?
Secondly, Huaxia Town's income is too single. Long Bo adheres to the concept of keeping the family and business for the young master, and never interferes in the income outside the Huaxia Town gold mine, such as Meihao Chemical Factory, Beauty Company, and ZSS Luxury
Therefore, as long as the gold income of Huaxia Town is cut off, the Huaxia Executive Yuan led by Long Bo will fall into a financial crisis.
And now, the enemy who did this has arrived. That is the super chaebol led by the Morgan Consortium and the Rockefeller family!
In the past, when Alaska had not yet been established, Longbo and others were not valued. However, when Alaska's minerals were "auctioned" to many American chaebols, this 'gold exchange channel' entered the sight of various chaebols.
It can even be said to be placed under a microscope to observe.
Exchange gold. The bank must be the one who leaves, and the US banking industry is the "reserve" of the "our group of chaebols" led by the Morgan Consortium. As long as they are serious, it is simply easier to cut off Long Bo's wealth.
When Pulitzer Morgan sent back to New York that Carnegie had obtained the right to build the first railway in Alaska, Dingxin Railway, back to New York, these super chaebols immediately recognized it, really, it's true!
Carnegie left Pittsburgh's foundation and actually went to the west to Alaska to make a comeback!?
How can I bear this?
J.P Morgan, who has always regarded Andrew as his biggest opponent, immediately mobilized his resources, banned Carnegie, and also implemented "involuntary conspiracy" against the "native" Huaxia Town in Alaska.
Although Huaxia Town, which is not visible and undisturbed, has not been truly valued by the Morgan consortium, Morgan's side uppercut to "gold exchange tightening" has caused Huaxia Town to suffer.
Gold exchange tightening targets non-banking entities in the western United States. The policy stipulates that banks under the five consortiums, Morgan, Lehman Brothers, Citi, Goldman and Leb, shall not exceed the total amount of gold acquired in the western region every day.
100 kilograms, and the additional exchange transactions must be handed over to the headquarters for review. Only after they are passed can the US dollar be exchanged to the customer.
This "retreatment" immediately reduced the cash inflow of Huaxia Town by a large amount!
You should know that the banks of these five consortiums almost monopolize 80% of the gold exchange business in the western United States. This jam not only makes the gold in Huaxia Town unable to be sold, but also triggers a chain reaction, causing the price of gold to drop by nearly 12
One percentage point!
As a result, many small financial companies hoarding gold complained, and even went bankrupt after futures expired.
For a time, the precious metal futures market in the United States was full of sorrow and corpses were full of bones.
Although the losses of Morgan and other consortiums are not small, their family has great business and sufficient capital. This book loss can be sustained until it turns losses into profits.
Faced with this difficulty, Huaxia Town also thought of many solutions, such as finding the bank of the Ford family to exchange gold... but far water cannot quench near thirst, glass of water cannot save the drop in the car, and it is always difficult to solve the crisis of decreasing cash.
Because the Ford family and Huaxia Town were not completely united, and they took the opportunity to lower prices and did many unethical things to take advantage of the situation. The Huaxia Town did not receive much substantial help from them.
"Ocean, I saw your frown. Are you not mentally prepared for such pressure?"
After Carnegie finished speaking, she picked up a cup of Longjing tea and drank it.
This is the collection of Dragon Palace, which is rare in Yuezhou Longjing Andrew Carnegie, who is honest and polite, was so fucked by himself.
Indeed, this steel tycoon had privately given the entire steel kingdom to Long Hao. He took a few pieces of tea and it was really hard to fight.
"I frowned not for this..."
Long Hao's brows relieved, he smiled slightly, picked up the purple clay teapot, and brewed himself a cup of green and clear Longjing tea.
Carnegie thought Long Hao was covering up, so she said in a deep voice: "ocean. Starting from the time we join forces to fight against Morgan, this situation is destined!"
Morgan seeks new development directions for the consortium with the help of United Pacific Railway. Carnegie and Central Pacific Railway are the Dashi that he must move away. The confrontation between the two is fate! It is unavoidable!
A gold exchange tightening is just a small move made by Morgan. If this can beat the remnant Long Hao, it will be very disappointed to fight Long Hao.
"Andrew, do you think I'm afraid. Regret? No, you're wrong. I've never been afraid of Morgan. What I've done over the past year is also preparing to defeat Morgan, a giant."
Long Hao's frown was not about worrying about the cash flow of Huaxia Town, don't forget. He had the 50 million pounds given by Kakapoulos, which was equivalent to 250 million US dollars!
Lack of cash?
For Long Hao, this is a funny joke.
What Long Hao is really worried is that he does not have talents who are proficient in finance and finance!
The entire Dragon Scale Party, including Long Hao himself, still has a simple and wild state of understanding of the economy. Long Xiaohu, the strongest president of the Finance Yuan, is just a bookkeeper...
Facing the financial tycoon Morgan and its friends, Huaxia Town is like a kindergarten friend competing with Harvard MBA for financial management, which is completely different!
No matter how hard the little friend tried to stuff money into the pig piggy bank, he could not resist MBA's three punches or two kicks. Even a lollipop came over, and he might have been abducted from all his property with the money and the can.
This is not alarmist. This "gold exchange tightening" has exposed the biggest weakness of Huaxia Town!
No bank of its own.
No financial system of its own.
There is no self-sufficiency closed loop of supply and demand.
There is no flexible and fickle 'Caissian Secretary' who dominates the overall situation.
So many "no" will allow Ford Bank to take the opportunity to take advantage of it and take advantage of Huaxia Town!
Of course, then again, Long Hao has to bear the main responsibility for such a situation. He has many ways to make money, but due to the lack of integration, all parties can only fight on their own and cannot connect. Like this time, Long Bo dared not follow
Meihao Chemical Factory's seconded cash turnover is a clear proof.
In addition, Long Hao also spends a lot of money and is extremely extravagant!
What shipyard, what intelligence network, what university construction... Many of these are Long Hao's ideas and invested money. Although these investments will bring rich returns to Long Hao in the future, it is easy to make money now.
The chain breaks, resulting in good investments and stillbirths, which are cheaper to others.
If Long Hao hadn't been lucky enough to meet two Rothschild families in Europe, "showing off wealth and gambled", and distributed a small amount of dividends. I'm afraid that when he came back this time, he would not have the leisure to inspect everywhere and build another ten thousand tons of money.
It is not impossible to be able to prepare for war and plan arms companies...but to worry about the lack of money and even be forced to sell some excellent assets under your name!
"Ocean, I'm honestly surprised even my great success in this trip to Europe!"
Carnegie nodded with a smile, "The hereditary count, the power to establish a country, and the four ships of supplies you have cheated and cheated, and even what methods did you use to cut out the stocks from the hands of the Rothschild family.
Quan'... No matter what, it was something I didn't expect, but you took all of it. I admire Andrew the luck of this troublesome ability and this luck!
Long Hao rolled his eyes and said, "What kind of cheating? What troubles? These are the gains from my plan, not as simple as what you think 'just good luck'!"
"Whether it's luck or not, in short, it's too time for you to come back. A San Francisco exchange can solve my urgent need for lack of funds."
Carnegie laughed and drank a cup of Longjing tea: "When someone comes to buy stocks, the construction of Alaska's railways will not be suspended because of little money and materials!"
"You are all short of money and are so short of this? Do you still have to rely on stock fundraising to resume production?"
Long Hao was a little uneasy. At first, he thought that it was just a financial crisis in Huaxia Town, and Carnegie was short of cash turnover, but he didn't expect that Carnegie's Iron Kingdom would be so embarrassed that he had to wait for the stock to go public to put out the fire even if the railway was built!
Few money and less ingredients... Are you waiting for the rice to be put into the pot!
To be continued...