Rebirth of the Wealthy American
Vol 2 Chapter 268: Bank of america
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How should we build a country?
There is no fixed answer to this question. Generally speaking, it depends on the positioning of a country. If it is a country like the Bahamas, you only need to build a house and dig in to study how to play, and you can attract countless tourists.
Cuba must not use this model. Cuba ’s abundant mineral resources determine that Cuba can only take the road of industrialization. In view of Cuba ’s technological foundation, Cuba has few options. At most, it will dig out the mineral resources from the ground and then proceed. Rough machining is sold to the United States or Europe, which is the only option in Cuba for a short time.
Because of Li Mu ’s intervention, it is possible that Cuba ’s processing can be deepened and added value added to the product, but it still cannot be refined. The US government will not allow Li Mu to set up a finishing company in Cuba, which will harm the United States. Interests.
Fortunately, Li Mu was a otaku in his life. He has read a lot of online novels. Even if he has not really controlled a country, Li Mu knows something about this. In the 1970s, Tianchao proposed a "Five small industries", that is: small coal mines, small iron and steel plants, small fertilizer plants, small cement plants and small machinery plants. With these five small industries, they can basically meet the basic needs of a region and lay the groundwork for a region. The subsequent industrial development depends on the determination of the locals and their potential.
The five small industries laid the foundation for the industry to take off in the 21st century of the dynasty. Although the five small industries have caused a certain degree of waste of resources due to repeated construction, no one can erase the role of the five small industries in that particular historical period. It is said that without the five small industries in the 1970s, there would be no industrial capacity in the 21st century.
In the current period of 1873, the chemical fertilizer industry had just started and had not yet been applied on a large scale, so this option could be temporarily deactivated. This did not have much impact on Cuba. After all, Cuba is not an agricultural country and the domestic population is not large. Demand is not urgent, so Li Mu focuses on the other four factories.
After all, the plan was only a plan. When it was actually implemented, Li Mu discovered that there were all mines in Cuba, but there were no coal mines. This made Li Mu finally plan to keep up with the meaning of the word change.
Uh, speaking of it, it is really irrational that the dynasty does not become a leader in heavy industry. In the "five small industries" in the dynasty, two of them can't be realized in Cuba, sometimes? Fate!
Well, it does n’t matter if you do n’t have food. It does n’t matter if you buy from the United States. It does n’t matter if you do n’t have coal. You can still buy from the United States. The only problem is that you have no money. This is the problem that Li Mu urgently needs to solve.
"Pipa, I need a bank." Li Mu found J.P. Morgan and wanted to solve the problem completely.
"No problem, Morgan Bank can open branches in Havana and San Diego to meet all your needs." J.P. Morgan did not understand what Li Mu meant.
"No, no, Peppa, you misunderstood. I mean, I need a bank of my own." Li Mu emphasized.
"No problem, you can take a stake in Morgan Bank in Havana and San Diego, even if you have a controlling stake, as long as you have enough money." J.P. Morgan is still pretending to be stupid.
"Pipa, I mean, I need a private bank of my own, not a part of a joint-stock bank." Li Mu opened up and said, ignoring the same look on the bottom of J.P. Morgan's pot.
"Rim, are you dissatisfied with the services of Morgan Bank?" J.P. Morgan is straightforward. His family opened a bank. Li Mu's actions will definitely affect the interests of the Morgan family.
"No, in fact, Morgan Bank is the best bank I can find now." Li Mu frankly said that the Morgan Bank is very good, but not good enough to meet all my requirements.
"Then why do you have to build a bank yourself? The investment banking industry is not a simple matter. It is very different from the manufacturing industry. Besides, you don't have the corresponding manpower, so I suggest that you should be careful." Morgan sought to dispel Li Mu's desire to open a bank.
There is no Federal Reserve in this year. The financial industry in the United States is actually not regulated. It is easy to open a bank and even issue its own banknotes. As long as the reserve is sufficient, the US government will recognize the purchasing power of the US dollar.
Since it is so simple to set up a bank, it is conceivable that the banks at this time are really as bullish as in fact. In this economic crisis, it was because of the bank failure of Jack Cook, that triggered the economic crisis. In this economic crisis, In the process, hundreds of banks closed down.
Compared to the 21st century, banks at this time had a single function, and investment and lending were the main business of the bank. They were not enthusiastic about absorbing savings. Of course, for large customers, all banks are welcome, but for those ordinary Personally, they are unwilling to deal with banks. Banks impose high management fees on private accounts. If the money is kept small, they may not even be able to pay storage fees.
Although Li Mu in the 21st century is a otaku, he has not dealt with banks. In fact, banks in the 21st century have penetrated into all aspects of society. People can live without dealing with government agencies, but they must deal with banks. Li Mu loves and hates banks.
Love and hate are only in one thought. There are many reasons. Because of understanding the business that banks provide to ordinary people, Li Mu wanted to open a bank operating in the 21st century using the concept of the 21st century. Li Mu believed that in the tenth In the ninth century, this bank will not lose money.
"Pipa, I want to ask for your advice, not to whom, you know, many banks are closed now, so talent is not a problem. I have no opinion on your family's bank. In fact, even if I open a bank We are still the best partners, and I think you should understand this. "Li Mu first dispelled J.P. Morgan's doubts before he could join forces to pit people.
"If you insist, what can I say--" J.P. Morgan gave up persuasion, just like Li Mu said. If Li Mu insisted, J.P. Morgan could not stop it.
"Well, if you know my position, then you will know that my bank does not pose any threat to you Morgan Bank, on the contrary we are the best partners." Li Mu gave J.P. Morgan a set.
"Speak and listen-" J.P. Morgan was in no hurry to reach a conclusion, and it seemed that he did not have much hope for Li Mu.
"Look, my bank is called the Bank of America. To be precise, it should be called the Bank of the Caribbean. You should know that I want to make Cuba an economic center in the Caribbean, so it is inevitable to build a financial system. If you Morgan Banks are willing to focus their business on the Caribbean. Of course I welcome it, but in reality you ca n’t do it, so are we going to make this industry work? ”Li Mu knows the bottom line of J.P. Morgan, so he ’s not afraid to open up and say .
"No, we have no plans to get involved in the Caribbean now." J.P. Morgan finally considered Li Mu's idea carefully.
The financial centers of these years are New York and London, so Morgan Bank ’s focus is also on New York and London. For the Caribbean, J.P. Morgan knew that there was a future here, but J.P. Morgan was not the head of the Morgan family. People, the Morgan family cannot focus on the Caribbean, so Li Mu is right, Li Mu's Bank of America and Morgan Bank have no conflict.
Stepping back 10,000 steps, Li Mu, an arms dealer, rushed into the banking industry. Whether he can succeed or not is still a problem, so Morgan's enemy is by no means Bank of America, but other banks in New York, such as Goldman Sachs, and Mellon.
"So there is no problem now. The head office of Morgan Bank is in New York and the head office of Bank of America is in San Diego. I welcome you to open a branch of Morgan Bank in San Diego because I will definitely open a branch in New York. My funds are mobilized. "Li Mutu saw poorly.
"I knew you wouldn't let go of the New York market, but Morgan Bank also welcomes you to join, because Morgan Bank never fears any competition. If you find me, you need to hire a professional manager, rest assured. As a partner, Morgan The bank will go all out to serve its customers. "J.P. Morgan put down his knot and was confident not to be afraid of the challenges of Bank of America.
"In the future, you will know that this is definitely a savvy decision." Li Mu happy, J.P. Morgan is not a person without a bottom line like Rockefeller, J.P. Morgan is committed, as long as J.P. Morgan promised, then He will definitely do it.
Having settled the matter of the bank, Li Mu finally had the intention to focus on the ongoing negotiations. It was September, and the United States of Cuba had besieged Havana for almost a month. At the end of last month, the Spaniards ran out of food and asked the United States of Cuba to send the For supplies, George Dewey had a humanitarian spirit. He delivered food to the Spanish daily, but the amount was definitely insufficient, and only 30,000 rations were supplied.
In Havana today, at least 50,000 people live.
"General Asenio has given up those unrealistic illusions, and just yesterday's negotiations, General Asenio acknowledged the legitimate rights of the United States of Cuba and agreed to lead all Spaniards out of Cuba, but demanded that they be retained Private property. "Sylvester reported to Li Mu himself, with a little excitement in his voice. Seeing that he could finally drive away the Spaniard, Sylvester couldn't help himself.
In Silvestre's name, the history is what Silvestre pursues, no matter what, now Silvestre is qualified to write his name in the history books.
"Yes, limit them to leave within three days." Li Mu also relaxed his conditions. To be honest, Li Mu's patience has been exhausted and he doesn't want to continue entanglement with the Spaniards. Now the Spaniards can't knock out any oil and water. Focusing on making money is what Li Mu should do.
On September 10, Silvester signed the Havana Peace Treaty on behalf of the United States of Cuba and Asenio Campos in Havana. Spain renounced all rights in Cuba and retained its sovereign status, and the United States of Cuba finally gained independence.
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