＜ War Bonds. (4) >
“Detroit.”
When President Morgan finished eating, he removed the napkin from his neck and wiped his mouth. I quietly laid down my knife and fork to his call and answered cautiously.
“Yes.”
“The credit law was a necessary measure for the American economic system anyway. So don’t hand over the shares of Federal Steel you mentioned. All the shares I own.”
“…!!!”
f*ck.
As I shuddered at his sudden remarks with a look of being electrocuted by lightning, Chairman Morgan raised the corners of his mouth like his parents who succeeded in a surprise on Christmas.
Like. With the eyes of a real son.
“It’s late, but it’s a birthday present.”
***
“Did your work go well?”
rumble-
As I got off the Corsair, James, who was waiting at the pier, walked up to me.
I looked at James with a bewildered face at the sudden birthday present.
“Uh, uh, President Morgan was surprisingly calm. Rather, I was disturbed to hear what Jack Tracy had done to me.”
“ah…..”
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Oh, oh my. Answered without filtering.
I quickly came to my senses and fixed it.
“no. James. never blame you You probably didn’t tell me because you wanted me to forget.”
“sorry.”
“It’s really fine. I have a few things to ask of James.”
As soon as I could get the word out, James pulled out a notebook from his pocket. The fountain pen’s core was sharply forged, waiting for me to speak.
“You tell me.”
James clenched the pen as if not to miss a single word.
“First of all, I would like you to pick one person from the hedge fund’s secretary’s office and keep an eye on the German Empire’s Bayer pharmaceutical company. We are also investigating their financial situation and internal affairs.”
“Are you the target of this acquisition?”
Bayer.
A German pharmaceutical company that introduced heroin. It seems that Chairman Morgan was very angry with Jack Tracygun, so it is clear that Bayer will be hit by Chairman Morgan’s mace.
Bankruptcy or something like that.
It seemed that the health of Jack Tracy would also be taken care of by Bayer.
A large-scale litigation will ensue.
“Not right now, but I think I will go bankrupt.”
There may not be one or two heroin victims, and bankruptcy is not enough to cover them all.
I’d rather be taken over by me.
‘Bayersa is still a goose with a golden egg. To others, it may only look like a bomb packed with heroin damage compensation.’
late 19th century.
Bayer of Leverkusen was a pharmaceutical company with two faces. Darkness was, of course, the drug heroin. The side of light was also famous.
Aspirin
1899. It is the painkiller that will shake the world.
“At this point, I thought it would be nice to have one pharmaceutical company.”
“Yeah, I don’t think it’s a bad choice either.”
In fact, it’s not that bad, it’s a complete misunderstanding, but I smiled quietly inwardly.
If Bayer’s patent for aspirin gets my hands on it, it could become a superpower in the pharmaceutical industry.
In fact, Bayer has been an aspirin one-tool for a while.
‘Oh, come to think of it, the nitrogen fixation method of Franz Haber will be coming out soon.’
As for DWM, I’ll have to check it out when I go to Germany to take over Bayer. The nitrogen fixation method was a feat in human history that broke the Malthus trap and solved the human food problem.
But now there was a more urgent matter.
“And I want people to know the contact information of a few people.”
“Are you human?”
“uh.”
Even if the credit law is passed by the National Assembly in Capitol Hill, a nationally recognized credit rating agency (NRSRO) can be selected only if there is a credit rating agency.
And in this era, the founder of S&P, the founder of Moody’s, and the founder of Fitch were still alive.
But except for the founders of Fitch, who are almost the same age as me.
“Luther Lee Blake. Henry William Poor, John Moody, these three.”
Luther Lee Blake is the founder of Standard, which discloses financial and management information for non-railroad companies.
Henry William Poore, together with his father, is the founder of Poor’s, which discloses financial and management information for railroad companies.
And John Moody is the founder of Moody’s, a 21st century creditor.
“Especially John Moody, we have to sign him.”
Moody’s, the absolute leader in the 21st century bond industry, is a credit rating agency built on the foundation of John Moody’s ‘Moody’s Manual’.
Since John Moody had not yet founded Moody’s and was in the midst of writing the ‘Moody’s Manual’ on rail and industrial securities, it was a perfect time to take the lead.
Because he hadn’t even started a publishing company yet.
‘Well, unlike Moody’s, the credit rating will be adopted in a way that makes it easier to recognize, from aa to D.’
This will put the credit ratings of US bonds under my supervision. And I will prevent the disaster of the CDO by using strict credit rating standards.
Although limited to the US.
“Is the Wall Street Journal publishing articles as planned?”
“Yes. It was getting ready.”
The arrangement I threw out before I came to Jekyll Island.
Wall Street and Washington were also going to be noisy soon.
“I look forward to it.”
and.
‘It will be noisy over there soon.’
– Yes, as you’d expect, I’m a Rothschild director. And today, I have come to you as an agent of Downing Street.
Even the shadow of the British Empire began to wriggle.
***
[U.S. Department of Treasury issuance of exhibition bonds. The secret story of Waldorf-Astoria.]
[Is there any amount of war bonds monopolized by the big banks on Wall Street, released to the private sector?]
[Wall Street deprived of patriotism. War bonds were their own league.]
– The Wall Street Journal (WSJ)
“What is this sound?”
As usual, Wall Street investors waiting for the New York Stock Exchange to open were puzzled when they read an article about war bonds in the Wall Street Journal.
“It sounds like a bond issuance. If it was a war bond, it would be a bond that was released on better terms than the ordinary government bond.”
Investors with some knowledge of bonds started snooping around the newspapers one by one.
“The bond. Wasn’t the yield snotted? The interest rate is only as high as the bank interest. You put 2% a year on someone’s nose.”
“Hey, what are you talking about? A 10-year bond means that you will have a stable income of 2% for 10 years, and you can extract profit as much as the discount. Besides, if it’s a war bond, will it pay more interest?”
“Stable income…..”
Investors thought about their returns.
Most of them were seeing negative losses as the New York stock market fell due to Cuba’s defeat. That too, not in 2% or 3% units, but in 10% and 20% units. Perhaps as long as the war continues, the New York Stock Exchange will continue to bear war risks.
‘It’s safe to say that the annual interest rate is 2%.’
I think it’s not bad at all, is it?
“I am craving for money every year in a situation where the damage is severe. But are bonds safe?”
“I hear all sorts of crazy things. As long as America doesn’t go bankrupt, bonds are safe.”
“But what’s weird? Normally, I knew that war bonds were sold to the private sector, but this time they only sold them to investment banks on Wall Street.”
Their gaze turned to the knight.
However, investors who read the last line of the article had no choice but to open their eyes.
[Interest rate 5%, discount rate 10%. War bonds released at twice the price of government bonds, an unreasonable affair between the Ministry of Finance and Wall Street.]
2%?
thick-
Blood rushed to the heads of investors. Now, the big banks on Wall Street don’t mean that only good things are shared among themselves.
these assholes.
“This is a scam!!! This is unacceptable bullying!!! The big banks on Wall Street were sucking this honey from the back we don’t know!!!”
“It’s compound interest at 5% a year, right?! This is a mean act of depriving the people of their rights!!!”
“The Ministry of Finance these children!!! There are no other dogs on Wall Street!!! Isn’t the back money from Wall Street so delicious!!!”
“We are being humiliated by the defeat of your war department!!! The federal government and the Treasury explain it!!!”
Wall Street investors pulled the trigger.
The Wall Street Journal’s revelations sparked outrage among New York investors, and as patriotism-inspired young people joined in, a wave of fiery protests erupted across the United States.
Investors turned their eyes to the fact that their interests had been taken away, and patriotic-inspired youths poured into the streets with a desire to participate directly or indirectly in the war.
In the beginning, it was natural for the war bond to be released to the private sector at this time, so the public’s eyes were drawn to it.
I took it for granted and had no interest in bonds.
When someone took the right back, it suddenly felt precious.
seems to have lost
“The Ministry of Finance must guarantee the rights of citizens!!!”
They flocked to the Treasury Department in Washington, DC, one by one, carrying signage the size of a door.
[The federal government must guarantee the rights of the people!]
[A country that has no right to patriotism.]
[Stop the fuss between the Treasury Department and Wall Street!]
However, the Treasury Office building maintained a peaceful atmosphere unlike the buzzing outside. Officials were dealing with chores as usual, and the minister’s office, as usual, was only pounding with the sound of stamping.
sniffling-
Secretary Gage, who had been reprimanded by the Detroit director in advance, was peacefully lying on the chair in the secretary’s office, holding a teacup.
Rather, his secretary was more restless.
“Come on, Minister. Now in front of the office building.”
“Leave it. We do what we do. It will be quiet in three days.”
“Yes…..”
In fact, the Minister of Finance was in the mood to call even a trio of hurrahs in his heart. Normally, the Ministry of Finance would have to sell bonds while pouring out budget for publicity expenses and begging the people.
Citizens are protesting in front of the Ministry of Finance, shouting ‘Please take my money!’
‘good night. great.’
The Detroit director’s prediction was correct.
The Americans, who thought their rights had been violated, woke up like dogs by pressing the seizure button, and they even came to the Treasury to sell their bonds.
Right now, the protesters are so strong that they look like gangsters, but well.
“I don’t think I’ll ever be tied down with war bonds in the next few years.”
The tone has changed.
The Treasury’s demand for war bonds soared, but the supply evaporated, so the Treasury was in effect. In the future, won’t the public feel that buying bonds is a ‘right’?
At least it was comforting to hear that demand for bonds increased.
“Humans are more sensitive to losses than gains. Especially as citizens of the United States of America, don’t we regard our rights as our lives? There are some things the media can help with.”
chin-
Secretary Gage opened the Washington Post with his feet on his desk.
Clang-!
Suddenly, a jjang-dol flew in from somewhere, smashed the window, and smashed the bookshelf of the library. The secretary was terrified and trembling, but Secretary Gage smiled all over and calmly brushed away the tea splattered on his clothes.
“You look cute when you look at the stone rather than just the account book.”
Secretary Gage stroked his shiny hair with his hand. It’d be better if it bleed, but it was cuter than the evil ledger that stole my hair.
Bond sales were the worst, not to mention.
“haha. I feel like living a little bit these days.”
Secretary Gage had a broad smile, and the Treasury building was peaceful today.
Jureuk-
“Blood from the minister’s head!!!”
***
🥳-
[Wall Street hero, hedge fund. Launch of a new fund through JP Morgan Bank.]
[A new concept fund consisting of high-quality bonds, including bond funds and war bonds.]
[At least 10% dividend payout ratio. 10% annual return is guaranteed just by joining the fund.]
-The Wall Street Journal (WSJ)
In front of the New York Stock Exchange, which was in the midst of protests.
Investors in Federal Hall doubted their eyes after reading this morning’s Wall Street Journal.
“Hey!!! Gather together! Hedge fund launched a new fund?”
“No, the dividend payout ratio is 10%? 30% of war bonds are mixed, is it possible?”
“Look, 30% are war bonds, 60% are good bonds, and the remaining 10% are bad bonds.”
“Non-performing loans? Then, if the non-performing loan goes bankrupt, wouldn’t the bond fund also go downhill?”
bad debts.
Investors were immediately reluctant to the negative wording, but within a minute, a large return of 10% began to stir in their heads.
Their blood pressure, who were furious at losing the right to buy war bonds, also began to calmly subside in the financial treatment with a yield of 10%.
“Well, it’s still only 10%, so even if non-performing loans go bankrupt, wouldn’t the bond fund go bankrupt?”
“That’s right. If you look at the list of components of the remaining bond funds, they are high-quality bonds such as railway trusts and state-owned enterprises! Even if 10% of non-performing loans go bankrupt, the bond fund will not go bankrupt.”
“hey! Look at this article!!!”
[Hedge fund, ‘If a bond fund defaults on debt, the hedge fund will take full responsibility for maintaining or refunding the fund. However, the fee is bound to be high.’ Say it.]
“Are you fully responsible even if the debt defaults? Are you still making money?”
“I will! Are you told that the fee is set high? Are you going to go bankrupt without being able to pay back the huge rail fund and short selling fund?”
“That, then.”
“Of course you have to sign up!!!”
Investors’ eyes turned to the word ‘minimum’ 10% return. The crowd, who once saw the number 10%, began to lean toward bond funds, thinking that the yield of war bonds was ‘only’ 5%.
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One by one they left Federal Hall and flocked to 23 Wall Street.
“Sir, please wait a moment. Yes? Ten thousand dollars? please wait for a moment.”
“Wait!! there!! Don’t scratch!!! There is plenty of space in the fund!!!”
“Yes, even if the war bonds run out, they will be replaced by U.S. Treasury bonds. However, there is no need to worry as we guarantee a return of at least 10%.”
Wall Street investors flocked to JP Morgan Bank, and patriot-inspired youths from all over the country followed Wall Street investors and packed up coins and wads of paper to break the piggy bank and join the fund.
They had a reason for patriotism, but as long as stability was guaranteed, the feeling that it was not worth leaving them in a piggy bank worked at the same time.
In that way, the dust that had been sleeping in the piggy banks across the country started to gather and gradually form a mountain.
And in the end it became Taesan.
+
Exceeded $100 million in fund registration!!!
+
– Wow!!!
JP Morgan Bank employees cheered as they scattered papers into the sky.
In just one week, the total of JP Morgan Bank’s nationwide branches exceeded 100 million dollars, and a new supernova in the fund world emerged. Champagne exploded in the hedge fund’s secretary’s office, and colorful ticker tapes began to pour from the sky on Wall Street.
“Is it a way to raise funds through non-performing loans?”
“Bond funds? Learn more.”
and.
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One by one, managers of major Wall Street banks are also starting to take interest in bond funds, or CDOs to be more precise.
Thus, bond funds drove another craze on Wall Street.
🥳-
and a few days later.
A small article appeared in a corner of the Wall Street Journal (WSJ).
[Pro-trust-leaning Republican Senator Eldrich introduces the Credit Act to Congress.]
Detroit’s arrangements were working one by one.
***
“The credit law proposed by Senator Eldrich easily passed the Senate and the House of Representatives. The Federal Monetary Commission can now select a national accredited credit rating agency.”
“First, register your hedge fund as one of the credit rating agencies with the Federal Monetary Commission. Since we launched a bond fund, the qualifications should be sufficient.”
A few days later, with support from pro-trust (pro-Morgan) lawmakers and lodge members, the credit law was successfully passed at the Capitol Hill Capitol.
As the interim chairman of the Federal Monetary Commission, I registered the hedge fund as the No. 1 National Recognized Credit Rating Organization (NRSRO).
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Of course, with the unanimous consent of the other members.
This puts a new Order in US bonds into my hands.
“And the lodge councilor asked me one thing.”
“Request?”
Can the lodge staff ask me anything?
What does one of the Republican Party’s top executives do to me? I pricked up my ears.
“Ah, it would be more accurate to say that I am asking for opinions rather than a request.”
“What opinion?”
“You asked me to recommend who would be good for the newly formed Minister of War.”
“ah.”
Come to think of it, at the Senate hearing last month, all the members of the War Department had to be organized, so a new War Department had to be organized.
The Republican Party will also be thinking a lot about who should sit in the seat. For them, it is symbolic, yet it will bring a great victory to the United States. I was looking for a person who would provide the so-called ‘Gukppong’.
You can confidently claim the hegemony of the United States.
He has a keen eye for war.
He is a proven talent.
to the Republican Party.
In this area, he is like a brown bear who will not forgive even an inch of concession.
I can only think of one person in my head?
“Theodore Roosevelt. Let me tell you that I recommend him.”
Sorry Teddy.
I wanted to be a war hero by running a horse as a rough rider, but give up.
‘I’ll give you a war hero instead.’
Trust me.
Can you become president if you become a successful hero?
called honey.
I also feel comfortable if my connection is at the top of the War Department.
and a few days later.
I got the news that Roosevelt, who was riding a horse in Texas, had been kidnapped and dragged to Washington.
…I’m really sorry.
＜ War Bonds. (4) > end
