Blackstone Code

Connor's question is not difficult to answer.

When the Federal Reserve was put on fire, they had no choice.

Even though it seems like they still have a lot of options to choose from, there are actually none.

The federal people's hatred of "monopoly" is very comprehensive. Whether this hatred comes from their own hearts or appears after brainwashing through propaganda, in short, it is real.

Only a country like the Federation and a society like this would have such a situation.

People are so involved in political events!

When public opinion is swept up into a tsunami, no one can stop it!

"They will make concessions. This is inevitable. The question now is just how far they will give in this time."

"Is that how you see it?" Connor was a little surprised, "Just giving in?"

"No...", he shook his head, recalling the results of dealing with monopoly groups in the past, "... splitting up or something like that?"

In the context of Connor's development of this matter, he believed that the most likely outcome was that the Federal Reserve Bank would be split into two parts.

The first part is the Federal Reserve Bank. This part is actually the current Federal Reserve Bank, and it is no different from the past.

These businesses do not involve monopoly, so they can be preserved intact.

The other part, the issuance part, may be spun off into an institution like the "Federal Currency Issuance Corporation".

The federal government then changed the issuance rules to allow it to compete with more companies that were formed later.

And this kind of approach that seems to solve some problems but actually has no practical nature to solve the problem can bring the most direct result——

The Federal Reserve Banks no longer have issuing authority and are not the sole issuers of currency.

Once issuance is separated and the issuance system is changed, the power of the presidential office will actually be further enhanced.

On the issue of currency issuance!

Congress has not come out to express its position so far, and no one has come to Connor to talk about this issue. It is because everyone has discovered that doing so is beneficial!

And the benefits are huge!

The result of the Federal Reserve's tight control over issuance rights is that the federal government has very little control over the Federal Sol.

Having actual power over money is fascinating!

They also hope that this lawsuit will resolve these issues as before -

When someone controls steel, we break it up.

When someone controls coal, we break it up.

When someone controls oil, we break it up...

Is there anyone who doesn’t want to be split up?

Then kill him!

One by one, piece by piece, the power of the federal government is getting bigger and bigger, and it is no longer like it was at the beginning, even the money to maintain the operation of the federal government has to be borrowed from capitalists!

You still have to pay a damn IOU!

Now, there are capitalists who are willing to provide the federal government with all the funds it needs, and there are also capitalists who are willing to provide specific politicians with considerable income.

This is a long war.

The war between politics and capital never stops!

Lynch shook his head and gave Connor a negative answer, "The possibility of splitting is unlikely. Although you may find it ridiculous when I say this, do you really think that the Federal Sol is the currency promoted by the federal government?"

"No, it is a currency promoted by the Federal Reserve Bank. It started from a period when it covered a relatively narrow area, and based on the federal government's increasing control of this land, it covered the entire federation."

"Even now it's popular around the world, at the end of the day, it's the currency and the monetary system that belongs to the Federal Reserve Bank, and if you were to break it up, or bring in more institutions to issue it."

"In their unwillingness to budge, we are only able to issue new federal soles."

"Maybe it can't even use the word 'Sol'."

This truth is actually not complicated, just like the chips that Slem is now widely using.

Now it is only used as a currency in one state. As its value and influence continue to spread outward, if one day, the entire Nagaril starts to use chips, then it will be equivalent to a major Currency in circulation.

The ownership, management rights, and usage rights of chips are all in the hands of the industry committee.

But at this time, there are people, such as the New Federation of Nagaril or the federal government, who want to prevent the industry committee from manipulating "currency".

The only thing they can do is not to take the power of issuing chips away from the industry committee, but to find a way to come up with a new chip or a new monetized product to compete!

As long as the currency is returned to the commodity itself, this problem is actually very simple.

The Federal Savings Bank issued a commodity called Federal Sol and monopolized the entire federal settlement field. Now everyone is going to launch an antitrust lawsuit against him.

But this kind of commodity is a "privatized" commodity. You can not let them produce it and then distribute it to the outside world, but you cannot ask them to directly change the ownership of these commodities.

If they can't reach an agreement and they are unwilling to make concessions or accept split, then the federal government has no other good solution except to use a new currency system to replace the old currency system.

And there is another question here, who will pay for the losses of ordinary people, and who will bear the various expenses incurred when the currency changes?

These losses, expenses, may be greater than the currency denomination itself that has been printed!

And it will also collapse the currently popular settlement system based on federal currency!

Lynch explained the development of this case to Connor in a very patient and easy-to-understand manner. It would not be broken up, only constant and in-depth communication, discussion, and mutual compromise.

Connor did not expect that the matter would become so complicated at first. He thought it was a very ordinary monopoly lawsuit.

Split it up, and then allow more capital to enter this market, and everyone will laugh except the people who are split up.

Because the benefits are in place.

But now that Lynch said this, he felt that he was in huge trouble, at least much more trouble than he imagined.

"So if they compromise, what will be the result of the compromise?" Connor finally believed Lynch and sought the answer.

Lin Qi lit a cigarette, crossed his legs, put his elbows on his knees, and leaned forward slightly. He took a puff of the cigarette and slowly exhaled, "Equity adjustment, adjustment of the entire shareholding rules..."

"The stability of the Federal Reserve Bank has a very important impact on the federal economy, finance, and even the world's economy and finance, so it cannot undergo major changes."

"The only thing we can do is to make some changes in the ownership structure of the Federal Reserve Bank and let more people join in."

"I, you, or others may be one of its shareholders. When the whole society participates, there is no question of monopoly or non-monopoly."

Connor thought carefully about Lynch's words, and finally he came to a conclusion——

I'm a fool.

"In other words, the outcome of this lawsuit will only determine how much concessions they will make, and nothing else, right?"

Lynch stared at him for two or three seconds before nodding, "I'm glad you have such an accurate understanding."

Connor was a little embarrassed. He could hear the little ridicule in Lynch's words, but as a friend, he didn't care about it at all.

He walked over to Lynch and sat down, hugging his shoulders, "You are so damn smart, so is it necessary for me to be so smart?"

He shook Lynch hard, and the cigarette ashes in Lynch's hands were shaken off, "Huh? Is it necessary?"

Lynch took a puff of the cigarette and put it in the ashtray. He patted the traces of cigarette ashes on his trousers and said helplessly, "It's not necessary. It's not necessary. My pants are all stained!"

Connor laughed. He did not regard Lynch as his "junior" at all. In fact, there was more than 20 years difference between them. To him, Lynch was more like his peer!

Now that he had a clearer understanding of the whole matter, Connor asked about the next developments.

"Should we talk to them with the presidential palace as the main body, or should Congress come forward?"

If the Presidential Palace comes forward, the Presidential Palace will naturally gain more benefits.

Let Congress come forward and Congress will have more benefits.

It seems to be the same, and someone has to take the lead, but in fact it is not exactly the same.

If the Presidential Palace takes the lead, Congress will exert certain pressure on the Presidential Palace.

How could they be willing to do this if such an important thing cannot be controlled by Congress?

But if Congress takes the lead, the Presidential Office will not put too much pressure on it.

Because the president changes every once in a while, but Congress stays the same!

It is difficult to find a suitable heir to the president's political assets, but congressmen can always nominate the person they want to succeed them.

If public opinion plays a large role in the change of federal president, then in the change of members of Congress, the role of political power is the core.

The former is difficult to inherit and inherit, but the latter can easily maintain a high degree of consistency in the political stance of the inheritor and the successor!

"Leave it to Congress. You will only be in office for a maximum of eight years, but your influence on Congress will last a lifetime."

Connor also thinks so. Even if he quits his job as president, he can still influence the decisions of congressmen through some means.

The two reached an agreement, and the next day Connor called a few senators who were very close to him to come to the presidential palace to discuss the issue.

Congressmen were also very concerned about this case. Naturally, they quickly reached a consensus on who would take the lead and had some preliminary plans.

In the afternoon of the same day, news quickly spread that Congress might establish a "Federal Currency Board"...