＜ Return to New York. (2) >
United States Department of Treasury.
Along with the White House and the Federal Reserve, one of the Troikas responsible for the American economy. In fact, unlike the Federal Reserve, which operates markets through open market operations, the Treasury Department is responsible for managing the U.S. Treasury.
However, the powers of the U.S. Treasury Department are not weak.
Just by looking at the infamous status of the US Internal Revenue Service (IRS) right now, you can see just how powerful the Treasury is.
Surprisingly, it is also very powerful.
As of 1903, the ‘US Coast Guard’ was also a smuggling supervisory agency under the US Treasury, and the ‘Secret Secret Service’ was under the Treasury, so it was virtually an organization that even owned the military.
If the finance minister decided and expanded, it was not completely impossible to transform it into a naval organization.
It’s just a matter of making a budget.
The National Tax Service of the Ministry of Finance also possessed an armed force that effectively enforces enforcement, and since the FBI, a federal investigation agency, did not exist yet, the independence of the armed forces could be taken care of to some extent.
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Of course…it’s not a specialized armed forces organization.
But it can be changed at any time, isn’t it?
It’s just a matter of administrative procedures, etc.
It wasn’t impossible.
“Once you’re appointed finance minister, we don’t have to worry about you.”
yes it is
Even if I think about it, it was so powerful that the US federal government had to worry about a coup d’etat by adding a bit of exaggeration.
As such, the U.S. Treasury Department has been a historic administrative agency that has been passed down since the Revolutionary War, and was a powerful institution wielding powerful powers.
“In addition, you are considering hiring former military personnel and your beloved Pinkerton bodyguards as your escorts.”
At this point, I felt that Roosevelt was quite sincere.
There was, of course, the sincerity that he would make me a slave, but at the time when Roosevelt, who took the crane from Pinkerton, embraced Pinkerton, he sent a signal that he would really hire me.
‘At this point, it becomes more difficult to say no.’
physically.
Roosevelt’s sincerity means that if it is turned over, he is even prepared to forcefully execute it.
The grizzly might have tears in her eyes and dragged her oversized mace, breaking her head with an example of one of my trusts.
“Once the Republican Party holds a majority in the Senate, once the White House submits a motion for approval, everything will be fine after that.”
When the White House submits a submission to the U.S. Congress, the Senate sends it to a standing committee under its jurisdiction to conduct preliminary investigations and confirmation hearings, and then vote on the Senate.
Ultimately, the Senate has the final say in the appointment of ministers.
If such a Senate is a Republican garden, it is highly likely that the appointment will run smoothly.
‘Roosevelt’s approval rating was over 70%.’
McKinley was assassinated with all his karma.
Roosevelt was elected president at a time when the fruits planted in McKinley’s time were in full bloom.
As soon as Roosevelt was elected, major railroad companies listed their holding companies on the New York Stock Exchange at once, and a frenzied party was held across the United States in a festive mood.
Investments in Japan also began to turn into a surplus, and huge dividends poured into the United States.
Naturally, dividend income and tax revenues to Korea also increased, and the current account was exploding like crazy.
Even the sovereign wealth fund was revitalized as I set up the German Settlement Bank in Germany, so Roosevelt will be counted as one of the greatest economic presidents in history.
‘…Is there any reason why you want me to become finance minister?’
practically a caterpillar.
The past me put an ax in my present foot. Haha, DoX needs freedom.
However, there was no way Grizzly would respect the freedom of DoX.
Not even just a grizzly.
If the president was a super popular president with more than 70% approval, the Senate was also highly likely to be a yes-man, and my finance minister could be considered half-confirmed at this point.
‘…Now I believe only Republican treason votes and Democrats’ votes, and discrimination against my age and race.’
got serious
With this momentum, he would become a real Roosevelt’s master and be torn apart at the Treasury.
All I could believe was my age and racial discrimination, and the Democrats’ votes against and the Republicans’ treason votes.
I carefully raised my hand.
“…Still, there are Democrats in the Senate, and there may be treason votes, so you don’t know that I’m being appointed Treasury Secretary? I’m young and my race is the same.”
It’s not that treason tickets are impossible at all.
At my words, Roosevelt and his father looked at each other and grinned sinisterly.
no what why is your face like that
I’m afraid of people looking at me.
Roosevelt closed his eyes and grinned at me.
“Well, you’ll know it even if you don’t like it.”
what is this again
For some reason, a part of my heart became uneasy.
***
[Lyman Gage resigned as Finance Minister. The White House is looking for a new Treasury Secretary candidate.]
[Is the resignation of Secretary Gage from Wall Street a signal of discord between Wall Street and the White House?]
[The sudden change of finance minister during the president’s term, what is President Roosevelt’s goal?]
[JPMorgan, ‘There will be no dramatic change in President Roosevelt’s stance. The market’s hasty judgment is not allowed.’]
[The New York Stock Exchange closed the market with a 3% decline in the Dow Transportation Index and a 2% decline in the Industrial Index.]
– The Wall Street Journal (WSJ)
The sudden resignation of the finance minister.
At a time when President Roosevelt’s economic performance was at its peak, Secretary Ryman Gage was no less than an angel to Wall Street investors’ perceptions.
In fact, now revered as a great Wall Street man who saved the national economy as Roosevelt, the resignation of Ryman Gage was enough to raise a question mark for Wall Street investors.
“If rumors of a feud with Secretary Lyman Gage are true, is it that President Roosevelt is slowly putting the brakes on Wall Street?”
“President Roosevelt to keep Wall Street in check? It should make sense. The US economy is at its peak right now, and suddenly?”
“Actually, concerns about inflation have been coming out of the Treasury for a long time. It’s not unusual to go into tapering or austerity.”
“Actually, in order to stabilize the exchange rate in the gold standard, inflation must be controlled.”
inflation.
Now, every investor knows. The unrestrained wind and heat brought inflation, and when inflation reached its peak, disaster always came.
scare.
The United States has been through several crises in the past, and inflation regulation was essential to maintain the gold standard.
Every investor knew.
The problem was different.
“But why now? Why are you trying to tighten up because I’m just getting on the bull market?!”
Inflation can be taken care of later.
For Wall Street investors, the future of the country is important, but their bank accounts are even more important.
Those who placed buy orders on the New York Stock Exchange were depressed in the market that closed down.
“Think about it. President Roosevelt was originally the vanguard of the anti-monopoly. Isn’t he preparing to split it up because monopolies are getting so big?”
“Ah, no way… If it’s a monopoly, US Steel or the Railroad Trust are the most powerful, so will you split them up?”
“Well, Roosevelt wouldn’t give up on US Steel.”
“just in case.”
The mayor was alert and focused on Roosevelt’s move. Focused on the Treasury’s move, anxiously biting his nails, waiting for the White House announcement and the Wall Street Journal morning evening.
So did the New York Banks.
No, this was half-panic.
“No news yet? The White House suddenly dismissed Gage, isn’t Gage the mascot of Roosevelt’s successful economic president?”
“The White House is silent. The Senate has not yet sent a ratification motion, so lawmakers are shaking their heads.”
“Isn’t it supposed to be a non-businessman sitting in the Treasury if it’s a non-businessman?
The privileges that Wall Street has enjoyed over the years may be gone.
The Federal Reserve, which they still believe, is a fledgling organization. If Roosevelt clenched this evil and reformed the organization of the government in Congress, it would have bolstered the independence of the Federal Reserve.
In fact, it was impossible to conclude that there was no crisis at all, as the Congress was occupied by anti-business figures.
Roosevelt grinned and said, ‘This has saved the economy.’ It is not at all strange that blood and winds raged on Wall Street by raising the mace with remarks like that.
The New York Banks are down.
It began to faithfully implement the quarterly tax treatment of the National Tax Service, which it had been doing, and began to promote the image of an honest and clean bank to the media by requesting audits from accounting firms and credit rating agencies on its own.
This novel was posted at https://noblemtl.com
Of course, one of the largest banks in New York.
Morgan affiliates, Mellon affiliates, and Rockefeller affiliates of large commercial banks knew the White House’s rhetoric, but they did not want to die, so they kept their silence.
This was the painting that President Roosevelt intended.
“If you’ve done this, you’ll have a sense of discipline. This won’t talk about your appointment as finance minister.”
Roosevelt’s intentions.
It was to fuel anxiety about the appointment of an anti-monopoly finance minister. It is to put them on their knees with hints and fears that they might devour New York Wall Street and American industry.
“Detroit, the frame that you are young and racial has been removed with this. Now, the only persona left for you is the frame of ‘Pro-Wall Street’ and ‘Pro-Exclusive’.”
Roosevelt’s care.
I was young and my race washed away the prejudice of Asian descent with horror. Roosevelt sent a warning to Wall Street and the industry.
If ‘me’ is dissatisfied with the position of finance minister, a bloody warning that ‘anti-monopoly’ and ‘anti-trust’ personnel may be seated.
What’s more terrifying.
Roosevelt is sincere.
‘This human. If I can’t become finance minister, I’m really going to wipe out the opposing forces with an anti-monopoly mace.’
This novel was posted at https://noblemtl.com
Of course it would be safe for me.
There has never been a greater fear on Wall Street and the industry.
It is the will of the president with 70% approval rating.
This novel was posted at https://noblemtl.com
Once you make up your mind and pull the mace, who will break this?
From then on, it was a breeze.
[The White House, ‘pro-Wall Street’, ‘pro-monopoly’ greetings. Detroit also submitted a motion to the Senate to ratify Morgan as a candidate for Treasury Secretary.]
[The White House spokesperson said, ‘If this candidate is sacked, there is also an intention to set up an antitrust system reflecting the will of the people.’ warning.]
[Detroit Candidate. ‘We will discuss pro-business policies such as corporate tax cuts and special protective tariffs.’ Wall Street and industry enthusiastic about pro-trust candidates.]
[New York Stock Exchange, close at 11% higher. Wall Street is getting hotter.]
“””Waa!!!”””
Detroit Morgan, the candidate for Treasury Secretary, was pouring in the same cheers.
so a few months later.
The Senate referred the agenda for the candidate for finance minister to the relevant standing committee. The Senate Finance Committee conducts a preliminary inquiry into the candidates on the agenda.
– ‘Detroit Do Morgan’ Candidate for Treasury Secretary, Request to Attend Senate Confirmation Hearing.
the Senate.
The long-awaited confirmation hearing date has been set.
＜ Return to New York. (2) > end
