European Financial Emperor

100 Bank Federation(2)

In Egypt’s new capital, Sohag, urban expansion was in full swing.

As East Stellar’s funds flowed in, roads were opened and ports were developed, so foreign traders had already started to settle down one by one.

Benjamin Ryan, Sohag’s head of city development, had aspirations to make it the wealthiest city in Africa within the next decade.

On his way home from a tour of Sohag’s construction site, Egyptian jewelers came to him.

“Nari, we brought some presents.”

“A gift?”

What the jewelers brought was a ring studded with red diamonds.

The workmanship of the craftsman was excellent, and it could be said that the condition of the red diamonds was truly top-notch.

When it comes to value, gold could never be bought.

Benjamin, who received such a huge ring, shook his head.

“no. I can’t get these things. what have i done… … .”

“Didn’t the jewels we made have sold out thanks to Nari this time? So, of course, you have to.”

Sohag is really huge because it is developed as a country that embraces Egypt’s Red Sea coast.

European merchants stop by Sohag when transshipping and supplying goods from Suez to the Red Sea of Egypt. East Stella opened an auction house for that time.

The result of the opening was sold out every day, and the size of the auction house was getting bigger and bigger.

The basis for Benjamin’s ambitions was the opening of this jewelry market.

Lee Hwan, who has recently started to build a bridgehead in Cairo and expand roads for diamond production, has decided to develop the Nile River in partnership with the recently independent Egyptian government.

If the Nile River is well developed, it can reach all over Africa, and it is also ideal for developing a base because it is easy to procure agricultural and industrial water.

It was Lee Hwan’s idea to develop the Nile and Red Sea coasts in this way to prepare a good foundation for exporting diamonds abroad.

He established the Nile River Co., Ltd. in partnership with the Provisional Government of Egypt, and had already brought in rare gems from abroad and auctioned them there.

Thanks to this, the auction house is thriving and the city is developing, so Eaststellar was also popular with nearby merchants.

Benjamin thought he should deliver this ring to Lee Hwan.

“There is someone else who will receive the ring. This is Baron Easterfield. Without him, we would not have the peace and wealth we have today.”

“Um, that’s right! Then I will offer him the ring.”

The more the auction house prospers here, the more diversified the market for diamonds that Lee Hwan will dig and sell.

This is the biggest reason why Yi Hwan took over the Mediterranean.

Now, if the canal was opened, the jewelry market would prosper and become the largest in the world.

After receiving the ring from the craftsmen, Benjamin handed the central shoe.

“It’s a gem.”

“No, I’m giving it as a present… … .”

“In the future, please do not give precious metals to others. From now on, be sure to sell with the Nile River Co., Ltd. logo. That is the only way to raise our ransom, let alone you.”

“iced coffee… … !”

As the size of the market grows and the amount of diamonds flowing in increases, the price will naturally fall.

The branding strategy is to prevent that.

Jewels of Nile River Co., Ltd. are guaranteed by East Stellar, and there will be a premium that they will not be handled unless they are of the highest quality.

It is sold for more than 30% more expensive than buying in the general precious metal market, but it creates a rarity.

Perfect quality and brand value, these are the conditions for the most perfect premium.

“It is said that there will be a blind noblesse auction house here in the future. Everyone work hard day and night to make the finest diamonds. There will probably be a big part movie in the future.”

“Yes! Of course!”

Benjamin was already looking forward to how the appearance of this place would change when the diamonds flow in and Egypt starts to gain weight.

***

A financial division led by John Morgan reached the US financial market.

The huge amount of gold the Ryans brought has already been deposited on Wall Street, so from now on, the US market will move as Easterfield Finance wields it.

While everyone on Wall Street knew Easterfield Finance had begun its advance into the United States, no one felt anxious or dissatisfied.

No, on the contrary, it looked like the local finance people were taking a breather.

The famine in American financial markets, which began in 1828, was now on its way to its worst.

The amount of military funds going into territorial disputes in North America accounted for almost two-thirds of the country’s livelihood, and imports and exports were extremely reduced due to the unstable maritime situation due to the war.

Under such circumstances, East Stellar’s investment was truly a godsend.

John Morgan came here to watch the progress of the bond market and bill of exchange market, following Lee Hwan’s instructions.

But he received a very unexpected offer from the United States.

“East America Bank Union?”

“It is an association of banks. We also want to create a state-backed, privately-led key currency like Easterfield Finance.”

“Does the private sector create the key currency?”

John Morgan thought that they did not understand Lee Hwan well.

Lee Hwan started to print the centralization as a solution to the dilemma that the British royal family, which had piled up like a mountain of light, created it as a sort of remedy.

If it had been Lee Hwan’s original plan, he would never have printed the currency.

However, the US found Lee Hwan’s behavior really attractive, and even financiers voluntarily gathered around Easterfield Finance.

In a word, everyone came together to make Easterfield print America’s key currency.

John Morgan turned into a puzzled expression.

“… … Well, I guess this is something I can’t decide.”

“Didn’t I say you were the general manager of finance? If that’s the case, then doesn’t it mean that I entrusted all the powers to you?”

“Well, it is, but because we are not printing money because we like it.”

“No, what do you mean?”

Few people knew that Easterfield Finance was half-compulsory to print money.

Of course, you know that Lee Hwan is printing to dominate Europe’s finance, but he did not think that he made money by coercion.

American bankers have become perplexed.

“… … We used to think that Baron Michael Easterfield was printing money to rule Europe financially.”

“Money is a double-edged sword. It is not easy to maintain gold with only a reserve fund, and the amount of gold to be paid is also adjusted according to the international situation. Some will say that it is not good to be able to run a gold business with money, but honestly, there is more speculative capital than pure investment capital, so can you say that the business is stable?”

A currency built on the gold or silver standard exists as a risk factor that can make the issuer sick at any time.

Lee Hwan was worried about it, so he refused to issue money, and gold or silver convertibility was a basic condition.

However, it was unreasonable to do the same thing again as the subject of this kind of currency issuance.

American financiers clicked their tongues.

“Twitter, I didn’t know there was such a problem.”

“The issue of printing money is yours to do.”

“We want to do it together. However, the problem is that our awareness of American financial institutions is still not enough to generate money.”

“After all, the current issuer is the Ministry of Finance, so what’s the problem? If the notarization of the Treasury does not work, the US currency seems to have no meaning in the first place.”

John Morgan tried to get out of the banking confederation as much as possible.

However, a decisive blow flew into him.

“As the third largest shareholder, please only invest. All risks are borne by our banks and the Ministry of Finance. How is it?”

“Will the Treasury take full responsibility?”

“Your stake is a money-back guarantee by the US government. If the investment that guarantees your principal is made like that, frankly, I don’t think there will be any problems with issuing currency.”

In this era, no matter what you do, a cause is the most important thing, and in the process of performing it, the name of a person with a reputation is always needed.

The name of the royal family, the duke’s family, or even a famous soldier had to be included in order to be recognized by many.

In that sense, Eaststellar was the best name to use for issuing US currency.

Instead of attaching the logo of Easterfield Finance, it was supposed to guarantee the principal of the investment and to enjoy the status as the third largest shareholder.

It was never a bad thing.

However, John Morgan had one problem in deciding on such a great matter.

‘… … This makes it difficult to draw the pictures we draw.’

If it becomes the issuer of the currency, there will be some setbacks in Eaststellar’s plan to dominate the American industrial market in the future.

Hwan Lee was thinking of controlling the American industry by grouping it under the name of East Stellar, and invested in stocks and bonds for him.

Lee Hwan’s goal was to own a lot of stocks and corporate bonds to hold as much stake in the industry as possible and control them.

The best way to make money with finance in any country is to dominate the market, and it was very important to grab the neck of the entrepreneurs who would run their business by taking out countless loans.

What if morally the third-largest shareholder of the Banking Union was rumored to be circulating in companies and plundering corporate bonds?

John Morgan has frankly expressed his thoughts.

“We are putting dog leashes around the necks of companies. You’ll probably know it when you hear it.”

“Well, I don’t really feel that way. So at first we had quite a few complaints.”

Commercial banks mainly issue loans to companies, and the second is to the state.

In their view, Easterfield finance was nothing more than an idiot who came to blow his nose without even touching it.

But now it’s kind of like that.

“It is a difficult time for anyone in the United States to make a living today. Who the hell would curse at the idea that they even run philanthropy in the United States and save the industry?”

“Will that cause work?”

“Fufu, if it doesn’t work, we can make it happen.”

“Make it happen?”

“I heard that the newspaper market in the Netherlands is developing very quickly, so you can get all the news from around the world in one day?”

“Well, it’s like that.”

“If you set up a newspaper and flirt with the press, the cause will be created by itself.”

“… … Can you make your own cause?”

“Then how long are you going to make a sliver of money by risking your life for the right thing? “Sometimes what you know is not all the truth of the world, and the media needs to change too.”

John Morgan thought that a contract like this would not be bad at all.

But there was one last thing.

“Does the Senate know about this?”

“I know. It is a fact that only the ruling party knows.”

“… … Will we end up in a partisan fight?”

“Are you okay though? By the time the regime changes, you will already have complete control of the American financial markets.”

I had a feeling that the calculations that finance and the media and John Morgan could control both were running through my head.

He decided to sign the contract right away.

“Let’s start with signing.”

“Great choice!”

Even tomorrow, John Morgan’s choice could have destroyed Eaststellar.

But he was convinced that a better opportunity would seldom come.