Wall Street of the third generation chaebol

＜ 25th President of the United States. (2) >

“Chairman of the Detroit Fed.”

Federal Reserve Office.

After the memorial service, Roosevelt and I sat down.

“Did you know that I was going to be president? I’m curious about your opinion on kidnapping me from Texas riding a horse to Washington. If that’s the case, that’s foresight.”

“No. I didn’t expect it at all.”

“Yeah? But do you know that? Every time you tell a lie, you get a strangely confident expression on your face. You’re ugly.”

“…..”

“Be careful from now on. Every time that happens, I want to hit you with a single blow.”

The moment I thought that it would fit in the palm of that pot lid, I was terrified.

I squeezed my facial muscles.

I didn’t even know I was lying… then Roosevelt smiled faintly.

“It was a lie, too.”

“f*ck.”

“I just heard a swear word.”

“It’s about the mood.”

I thought to myself as I quarreled with Roosevelt.

before embarking on the real work.

I wanted to know about the future direction of Roosevelt’s neutrality policy, and I wondered how it would affect my trust.

US Steel.

It is due to build the largest steel trust in the United States soon, but it is unclear whether Roosevelt will allow it.

Steel King Andrew Carnegie?

At a global level, I was already overwhelming in terms of both supply and demand for steel.

The problem was the government.

I had to hit Roosevelt and Shobu.

I had to figure out what he wanted from me.

win-win.

I could confidently say that the Steel Trust is the industry that the United States needs the most, and at the same time, will give me the greatest interest.

Roosevelt kicked off the conversation with the Alaska gun.

“First of all, I’d like to hear about this British matter. As stated in the British letter, it was not meant to be discussed immediately, but rather to be discussed slowly since I became president.”

Roosevelt began to speak quietly.

“But seeing that you have your interest in the Alaska border issue, anyone can tell you’re asking this question.”

It was, indeed, blatant.

Guaranteeing individual rights in inter-state consultations seemed like a part of me.

The British Foreign Ministry was also treating me as a VVIP because I wanted to finish the Great Game quickly, so it was my own diplomatic investigation that I wanted to maintain a smooth relationship with me.

“You can see that.”

“Yes, thank you for acknowledging it clearly.”

“It’s one of my few strengths.”

“Jokes are also art.”

Roosevelt nodded his head.

“You probably thought that if we could solve the Alaska border problem, we would be able to save America’s fallen prestige from hell right now? one year.”

“That’s correct.”

Also Roosevelt.

The ability to read plates is no joke.

‘As he said, Britain is the key.’

The status of the British Empire.

The bloodline of Buckingham, rooted in Queen Victoria and the European powers. The imperial courts of each country are intertwined not only through political interests but also through personal acquaintances.

If Queen Victoria stepped in, it wasn’t difficult to restore America’s status.

It wasn’t that the US didn’t have a single dreadnought in the first place.

“It was written that the Royal Navy would speed up the return of the dreadnought.”

“I requested it.”

“……”

Roosevelt looked at me with a curious face.

If I had to compare his expression, it was like the face of an undergraduate student staring blankly as the professor rushed through the lecture.

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Oops.

“I made a ‘strong’ request.”

“…Yes, it’s like that. It’s also mentioned in the letter, but I’ve never seen Britain come out so lowly in my life. It’s not a country that cares about other people, it’s not a country that cares about other people, it’s for its own benefit that it destroys other countries. They are international rookies, and no matter how much you think about it, it doesn’t seem like they’re doing this for America.”

No, it’s also true for America.

It was a structure in which the support that balances the British Empire will be destroyed the moment the United States takes a step out of the framework I have laid out.

The US must firmly support the Pacific as an ally.

“Are you going to accept it?”

“Oh, you have to accept it. I’m not ignorant enough to touch your interests. I’ll take care of your interests as much as possible.”

“…just do it normally.”

This yangban makes me more anxious.

In the original station, whether Chairman Morgan is holding it or destroying the Northern Pacific Railroad with the anti-monopoly law, he is a yangban.

My personal interests have been on the table for negotiating interests between countries, but I can’t help but feel uncomfortable.

Why?

Roosevelt waved his hand, noticing my expression.

“You are no longer at an individual level.”

“It’s not an individual level.”

“Oh, I don’t mean it in a bad way. But I am well aware that when I’m with you in Detroit, I’m negotiating as if I was dealing with a representative of an institution or a small nation.”

“……”

is it?

“Again, that stupid-looking face. Are you really not aware or are you pretending not to know?”

“….haha.”

“I’m not like McKinley. I’m aware that your achievements aren’t made for nothing. And I want to make a deal with you.”

Roosevelt said with a serious expression.

When this inspiration is like this, I can’t take it out. I had a foreboding that there was probably going to be a great story going on here today.

“I am also familiar with the international situation and domestic issues. I am well aware of the news from North America. A gold mine was discovered in the Yukon near Alaska. This is the first time I have heard that there have been three gold rushes, but I am aware of Alaska’s potential.”

Three Gold Rush.

Klondike Gold Rush.

Nom Gold Rush.

Fairbanks Gold Rush.

Already since the 1890s, Alaska has been flooded with frenzied pioneers looking for gold.

“I don’t know what’s in the Alaska geology obtained from the UK this time, but it’s clear that there will be at least one mine. If a gold mine explodes like that, it’s going to be of high geological value.”

You got something great.

Roosevelt continued.

“Canada’s abandonment of the Pacific Coast, which forms the ring of fire, and the United States’ eating it can also be interpreted as Britain’s will to cede the Pacific Ocean to the United States almost completely. The British are very obsessed with you. I’m taking it out.”

“It’s about the mood.”

“The Smithsonian Foundation is going to set up a professional geological expedition to Alaska soon. I told you to uncover all the mines called mines.”

“You sang the incentives out loud.”

“If you find a mine, that interest is incredible. It’s cheap.”

after.

Roosevelt sighed. And I sat down on the chair.

“That’s how the sovereign wealth fund came about.”

Sovereign Wealth Fund.

It is a large-scale fund that is operated to manage and multiply the wealth of the country. The scale is considerable because it is capital that is turned on a national basis.

They are like giant whales that twist the global financial markets.

“It feels like the United States Federal Investment Corporation.”

“That’s correct. How big do you think your influence would be if you managed a sovereign wealth fund on the scale of the United States?”

The US is a sovereign wealth fund.

Even thinking is a waste It will reign like a behemoth in the capital market that can swallow up the global financial market. Every time you swing your arm, institutions will explode and the world stock market will begin to burp.

Any stock market can be attacked and subordinated.

“Where do you belong?”

“Extended preparation system.”

“…Who is the head of the United States Federal Investment Corporation?”

“Detroit Morgan you guys. To be precise, I think it’s a form of concurrently serving as Fed Chairman.”

What’s the goog?

In fact, the sovereign wealth fund is not a very attractive option to me, but it is also an attractive option. As is often the case with all state agencies, there are a few options that follow.

“It will follow the social responsibility, but it will be protected by the state.”

“It’s not just protection.”

profit.

Roosevelt lit a cigar.

“The United States can even mobilize the military for the sovereign wealth fund. If someone dares to touch a state institution, it is safe to take it as an attack on the United States federal government. It means that the state and the military support you.”

Investment activities at the national level.

As a national flag institution, the Investment Corporation is in the best position to receive direct protection from the US federal government.

Being considered one of the VIPs of the US government and receiving national protection is attractive.

‘If you are investing as individuals and private individuals, the military is indispensable.’

era of imperialism.

The world map where the UN Charter was passed and the international community’s sympathy took place. Nor is it a world in which the United States, a superpower boasting overwhelming hegemony, is in charge of global order.

Capital activity in other countries is necessarily closely related to the military input.

Just looking at the Boer War right now is a good thing.

“Chairman of the Detroit Fed.”

“Yes.”

“The sovereign wealth fund is a gift to you.”

Well, you have to receive it to know if it’s a gift or not.

no.

Suddenly, lightning struck my mind.

“ha ha ha…..”

laughter flowed out.

The real purpose of the Roosevelt Sovereign Wealth Fund proposal was realized.

‘Anti-monopoly law can’t divide it, so you’re going to make one more competitor.’

It cannot be divided, so it creates a competitor.

It contained Roosevelt’s inner intentions that the state would break into the market held by the Monopoly Trust and raise competitors with the concept of a public corporation at the national level.

– China.

Having spent the 21st century on Wall Street, I felt deeply that Roosevelt’s strategy could be successfully implemented.

Do Gwangyang Association.

Chinese dream.

After economic reform and opening up, China began to nurture public enterprises at the national level, and as it rose to the trajectory of a full-fledged capital market, it began pouring out an unimaginable national budget for technological development.

The result?

China was threatening Korean technology companies, and it started printing at low prices by creating economies of scale in the domestic market.

Korean tech companies continued to be stamped through dumping.

“You have a terrible plan.”

“…..”

“Large-scale investment for national-level large-scale orders and technology development. A plan to foster competition in the monopoly market through investment in the sovereign wealth fund. Is that right?”

Roosevelt shut his mouth.

Silence fell in the room.

“I want the truth.”

***

“…you really can’t cheat.”

Roosevelt raised both hands.

His eyes deepened as he realized what I had noticed. He clenched his chin and looked at me intently.

“But that’s what happens when you turn down the sovereign wealth fund.”

“It’s also…”

“But if you accept it, I’m also prepared to prepare a huge perk.”

bang.

Roosevelt struck the desk with his hand.

“If you accept the sovereign wealth fund’s proposal to run, at least the Roosevelt administration won’t touch your business, whether you envision a trust or monopolize the market.”

I opened my eyes.

What did you just hear?

“If the return on the sovereign wealth fund is poor, people will criticize it. But you have the ability to invest. Besides, you don’t have to take responsibility personally. You can use the Federal Reserve as a shield.”

Roosevelt’s documents.

There, data about Bethlehem Steel was pouring out.

“The Steel Trust you are planning. If you accept the operation of the sovereign wealth fund, I will give you all the licenses.”

In other words.

If you kick the sovereign wealth fund, Roosevelt gets a hand in hand. If the sovereign wealth fund is accepted, Roosevelt will provide various benefits at the executive level.

“I will turn a blind eye to any manipulation you will inflict on Bethlehem Steel.”

Roosevelt.

not a formidable person

If I accept the operation of the sovereign wealth fund, I have promised that all risk risks will be eliminated at the government level.

“I’ll run wild.”

Roosevelt began to place absolute trust in me.

“It would be better if it was in the national interest of the United States.”

Wouldn’t the US military be better if we send in an army though? I couldn’t help but laugh at Roosevelt’s joke.

Because it didn’t sound like a joke.

“Let me think about it.”

Roosevelt was about to get up, leaving the papers behind.

“no.”

I answered right away.

The calculation was done quickly.

A plan to maximize the returns that a sovereign wealth fund would bring me had just flashed through my head like a lightning bolt. Perhaps, I came up with a way to transform America’s economy and industry into a foundation where I can take root.

this opportunity. sure to save

And he reached out to Roosevelt.

“I will accept that offer.”

***

“Bethlehem Steel will reject your offer.”

Federal Reserve Office.

Bethlehem Steel Chairman Wharton and I were chatting. To be precise, it was the poison that pressured him.

“Are you going to be seized by the collection team, and your bankruptcy application will be rejected and you will be faced with more?”

“You’re missing an important part.”

“part?”

As I wiggled my brows, President Wharton glared at me.

The Bethlehem shipyard was seized by a collection team that me and Melon Bank collaborated with, or I got caught up in the acquisition price for intervening in the auction bidding for the shipyard.

After a few dozen firefights, President Wharton was furious with me.

In short, I am the one who made Bethlehem to this level.

can’t look good

He did not hide his anger.

“The Bethlehem Shipyard is a huge business that has acquired more than 10 shipyards in the eastern and western United States. The number of jobs we create alone can easily exceed tens of thousands.”

Where have I seen this repertoire a lot?

“The state and federal governments will never let me go bankrupt. Would tens of thousands of jobs be lost and the state would want the shipyard, the national infrastructure, to go bankrupt?”

hostage play.

Trust companies were also taking hostages with customer deposits when panic struck, but Wharton was no different.

This trend is even more pronounced in large enterprises in industries that consume a lot of manpower.

The federal or state governments cannot give up on large businesses that make a significant contribution to local job creation.

they believe so

Actually it was

“That must have been the reason why the court rejected the bankruptcy petition!”

That’s what I stopped you, you idiot. to make you a debtor.

But he kept his mouth shut.

“I’m going to ask the US federal government for a bailout to save the company. We won’t ignore our earnest request.”

Even though Bethlehem’s international status has fallen, this is nonsense. But it must be very annoying for the federal government as well.

If I hadn’t

“Chairman Wharton. Are you going to ask the federal government for a bailout directly?”

“Even if I file for bankruptcy, I’ll do it through them. Don’t worry about it. There’s no share for you anymore.”

it’s not

I also have the Newport News Shipyard. There is Federal Steel. Japanese steel mills and Nagasaki shipyards were also carrying it.

When Bathlehem went bankrupt, I had the ability to immediately swallow up the raw waste and digest it at once.

“Actually, there has been talk of the federal government creating an investment corporation. I heard that the US federal government will be in charge of overall business investment activities.”

Wharton of Bethlehem clenched his fist.

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Okay. This is it. this is it As he shouted, his inner voice flickered on the outside of his face. Absolute confidence began to dwell on his face, where he could even feel joy.

“By the way….”

I shortened my speech.

“The appointed representative will be the one.”

Silence fell in the room.

＜ 25th President of the United States. (2) > end