Chapter 497: Trip to the United States (2)
"I'm glad I'm here today, because America is a rich and hospitable country, and I've felt enough enthusiasm during my few days here. This makes me feel that the two countries are very compatible, and Romania is also a beautiful place, with hard-working people and abundant resources, and the economic exchanges between our two countries are increasing day by day. From the beginning of Standard Oil's investment in Romania, to now all walks of life can see the embodiment of American capital in Romania. ”
"I think there is a greater need for greater cooperation between the two countries. Romania has a population of nearly 30 million (more than 25 million, rounded to nearly 30 million) and a land area of more than 400,000 square kilometers. There are abundant oil, coal, iron, gold and other resources in this country, all of which require the Romanian government to invest a lot of money in the development, and China's finance is still in the initial stage of the development of these resources, and a large amount of foreign funds are needed to develop these resources more effectively. ”
"And your country happens to have these funds, and as far as I know, your country is currently hoarding a lot of money with no direction to invest. If you think about it, my country lacks capital to develop resources, and your country has a lot of capital that has no investment direction, and in my opinion, this can complement each other. Your country has made enough profit from its investment in our country, and our country has grown and strengthened in it, and it is also better able to resist the invasion of the world of capital by the Red Plague. It's a win-win. ”
In Congress, Eder stood on the podium and spoke to American lawmakers about the promise of investing in Romania.
As for the current capital deposition in the United States, Eder combined the memories of his past life and recent investigations to find that the hoarding is really very serious. The Americans, who made a fortune in the European war, did not have enough investment climate at all, after earning huge profits. At present, American capital can only invest in China and South America, and these places cannot accommodate such huge amounts of money.
This is why the Dawes plan later brought a large amount of American capital into Germany, helping it to recover its economy quickly. And even Soviet Russia, the Americans intend to enter. In the final analysis, there is still a surplus of domestic capital, and it is necessary to find an outlet. The defeated Germany, the socialist Soviet Union, and the war-torn Republic of China are all choices that have no choice. Europe and its colonies can't get in, and that's the only thing to choose from.
And Eder's speech has obviously aroused the interest of many parliamentarians, more precisely, the interest of the capital behind it.
"Your Majesty, we know what you're saying, but can you be more specific?"
In the face of the councillor's divine assistance, Eder was certainly willing to be satisfied.
"At present, Romania needs a lot of money to spend on infrastructure, such as ports, roads, waterways, etc., and also needs a lot of investment in light industries such as textiles and food, which are related to people's livelihood. Of course, if you are not familiar with these aspects and do not want to venture into them, China will also issue treasury bonds of five to 15 years, and the annual interest rate can reach as low as 5.5% and as high as 10%. ”
This is Eder's main purpose to sell Treasury bonds, and this interest rate is also a comprehensive reference to the Dawes plan. Moreover, Romania is not a defeated Germany, and I believe that the capitalists behind Romania's repayment ability must have fully understood it.
In response to Eder's answer, the lawmaker who asked the question nodded, indicating that he was satisfied with the answer.
Of course, not everything is so rosy, and then a sudden voice sounds.
"King Eder, so you're here to sell the national debt? As far as I know, most of the more profitable industries in your country are controlled by your government and royal family, how can this ensure that the funds invested by our country can earn the profits he wants? ”
Edel followed the voice, and it was a somewhat bald MP asking the subject. With his questioning, many lawmakers couldn't help but frown. State-owned and royalty-controlled companies are all too foreign to the United States, and they have an instinctive aversion to government meddling in the economy.
Faced with this poignant local question, Eder knew that if it was not answered well, it would have a big impact on the purpose of the visit, but fortunately he was prepared.
"Thank you, Councillor, for your question. Before I get into that, I need to make it clear that this is a legacy of the previous one. Romania didn't want the government or me to control the economy in the first place, it was all a coincidence. At that time, the domestic capital was weak and insufficient to support the development of the economy, so the government and the royal family had to take the lead in the development of heavy industry. And just after the initial development, it encountered the European war, and as a result, its development became even stronger, so that now domestic capital is completely unable to take over. ”
Eder's words made many parliamentarians shine. If its domestic capital can't take over, is it feasible for foreign capital to do so?
If there is a quick response, it will blurt out immediately. "What do you mean, King Eder?"
"That's right, if someone is willing to offer a reasonable price, then these high-quality assets are not impossible to sell some shares."
Edel spoke up the minds of these people. The experience of later generations has already told him that what can he do if he sells some shares, 49% of the shares are only supervised, and the controlling stake is in my hands, and I have no way to take it. And you can also take the opportunity to cash out some funds and invest in other areas, which is not too perfect. If necessary, if you want to take back the shares, in a word, expand the investment, and the individual can still compare the capital with the state?
This is also the reason why Eder does not sell shares to the country, if he cheats the domestic capitalists, the result will not be so good.
The young American capitalists, who did not understand these riotous operations, breathed a little more in the face of Eder's words. In their opinion, Romanian Oil Company, Volkswagen AG, Proiesti Mechanical Works, Lviv Iron and Steel Company, etc., are attractive enough fruits, and no one wants to take these companies and ride the fast development of Romania.
So when Eder threw out this surprise, the lawmakers on Capitol Hill immediately became lively, completely without the reserve of the congressman, like a vegetable market. It wasn't until the president of the council couldn't see it well and knocked on the table several times in a row that it quieted down.
And Eder's speech on Capitol Hill was also praised by the newspapers the next day. Many editors-in-chief, who did not even know where Romania was, praised him as a far-sighted king who would surely bring a prosperous life to the Romanian people.
And these reports were even more after Eder's meeting with President Coolidge.