Chapter 191: A Bumper Harvest in the Financial Sector
At the end of 1950, the crossers who had made a lot of money before and after the crisis counted their gains. Mergered more than 700 outlets and shops in various cities and towns, obtained 20 million to buy many listed company stocks with an actual market value of 200 million assets (the bottom is the king after the overfall), and at the same time looted the cellars and treasure troves of more than 40 conservative forces and big landlord families, and swept the goods at the court auction, and bought them for only 200 million (at this time, only the people who had money to buy these assets that were forcibly seized and confiscated by the court to repay the creditors and depositors of the money bank) were valued at 300 million real estate shops, 1 billion arable land mines, 500 million antique calligraphy and painting treasures. This kind of reasonable, legal and compliant raiding has simply made many traversers and their partners so happy, and further strengthened the cohesion and confidence in Li Ji (no unity, no good, if anyone is disobedient, it will be the next wave of details, as long as the traversal omits to notify you before the crisis, you will be bankrupt)
More importantly, there are more than 20,000 practitioners and managers who have worked in Qianzhuang and have certain experience, and these people are the foundation of Li Ji's attention, and they are far more important than those movable and real estate in Li Ji's eyes. With the loyalty and support of the middle and junior ranks who have been forced to lay off, the monopoly can finally be established as the sole liquidity controller on the planet.
"As long as I can control the currency issuance of a country, I don't care who makes the laws." -- Meyer, Rothschild
As Lao Luo said, the key word is control. And not in the distribution. This goal cannot be achieved with money or power, and can only be achieved by the monopoly of the source of distribution and the monopoly of talents.
By controlling the underwriting and issuance of British government bonds, the Luo family took control of the note-issuing banks of the British Empire. But he did not have a monopoly on the right to issue money in all countries. Since the British pound was replaced by the US dollar, the Ma Tsai Morgan and Rockefeller became the major shareholders of the Federal Reserve after only a few decades, and when the Luo family called for wind and rain in the world market, the Luo family changed from the sixth royal family (the five royal families of Britain, France, Germany, Russia, and Austria-Hungary in Europe) who did not care about the law to become invisible and almost disappeared in front of the world. After getting the allegiance of talents like Morgan and Rockefeller, the Luo family sat back and relaxed, and all the benefits of retreating behind the scenes were in their hands, and they also got the right to issue money from the United States, and they blocked the guns in front of the stage. Wouldn't it be nice to hide behind the curtain and count the money yourself? Why do you have to worry about everything?
The coinage power of the Great Song Empire was in the hands of the managers of the three divisions, and it was more of a burden than a power. It's not just that there is no income from minting. On the contrary, if you are not careful, you will bring huge losses to the government. During the 60 years of Renzong, Yingzong, and Shenzong, the former Song court minted 180 million copper coins, and it stands to reason that the income of the Song Dynasty was huge, but the deficit was as high as 20 million. The reason turned out to be that the purchasing power of minting money could not cover the cost of minting money.
This shows the extent to which officials in the fiscal and economic systems have poor levels of cost control. And the vast number of gentry, landlords, and economically minded people destroyed copper coins in large quantities. After melting, the resulting fine copper is used to cast bronze objects. The profit is as high as 10 times.
A large number of copper ore mined through new technologies has a very low cost, and almost all the money supervisors and authorities have penetrated in private coinage, and 800 million copper coins have been produced in a few years through machine stamping and assembly line production on copper plates (this is still the result of controlling the scale and avoiding inflation, and at the same time a large amount of copper needs to be deposited in Chenji Bank as a margin, and a large amount of copper is also used as raw materials in the industrial field).
It is people who cross the crowd without bad money. Moreover, they are grassroots personnel who can work in modern banks, and a large number of high-level economic talents trained by the academy are managers in various places. The doppelganger lacks skills and can't take care of it. It is impossible to be equivalent to the current financial colleges and universities as tellers in the late Qing Dynasty, and the lack of grassroots forces has made a large number of businesses robbed by the newly opened bank ticket numbers of the gate valve with background and local support. At this time, the revenge is avenged (robbing people's money is like killing parents, the old saying is not empty words, no matter how atmospheric the people are, they can't stop the resentment of the people below), cutting off the way of life of these sworn enemies, digging the foot of the wall is almost digging on the wall that has fallen down.
At this time, the new big banks, which wanted money and people, naturally began to expand, and opened more than 2,000 branches and sub-branches after completing the training of newly recruited employees. Chenji Bank and its holding financial institutions have more than 3,000 outlets plus more than 800 outlets of the original 10 partners of the modern bank and 500 new outlets (eat meat by themselves, friends also have to drink some soup, talents can not be swallowed alone, always have partners, the cooperation of partners in the crisis is also the key to success. ), to achieve the country's large settlements of more than 5,000 people in each of the country's no dead end coverage.
Not only have countless new industries and talents been acquired, but the increase in intangible assets such as credit, the core assets of the financial industry, has far exceeded the increase in tangible assets. The crisis has destroyed the credibility of the fragile money bank ticket number and the traditional gate valve, completely disappeared the speculators who ignored the risks and believed that they could compete with the crossers, and the general public woke up like a dream to realize who is the strongest, and the credit of the gate valve built on land, connections, family history and lineage in the past is not as good as the toilet paper that wipes the ass (one of the necessities of life promoted by the founding of the People's Republic of China, the cheap toilet paper, which is almost as cheap as straw paper, liberates the butts of wealthy middle-class families and replaces the time-honored toilet chips). Only large banks backed by the state, with rigorous and reasonable supervision, and supported by huge economic entities and countless talent elites, are safe asset managers, with no high interest rates but no high risks.
According to the internal assessment of the company, after this wave of crisis, the intangible assets under the name of the financial institutions of the Chenji system have increased by more than three times the value of movable and immovable assets. It has robbed the physical wealth of many gate lord families, and at the same time, it has also robbed the trust and strong worship of the people in its sphere of influence. The increase in the number of customers and prospects of the business is completely disproportionate to the coverage of the outlets.
Ten years ago, the company established a financial network in East China in Xinjing, but in the past ten years, it has only expanded its outlets to a few large cities with a population of more than 200,000 in Taihu Lake, and has been rejected and squeezed by local forces. After accepting the other party's outlets this time, the coverage has penetrated into various counties in East China, and the number of customers has increased by an astonishing 3,000% within a month. These depositors who got their money in the process of liquidation came again, and the original owners and names of the original ones that led to their own almost bankruptcy will naturally have a hesitation period and a shadow period. Although it was just a renovation of the various gate valve money bank ticket number shops that were robbed and the personnel were trained, but unexpectedly, these depositors came to line up to deposit money like a run, and almost in just one month, the depositors of the original money bank ticket number all became customers of Chenji Bank and its partners.
This growth of both intangible assets and the market is due to the numerous newspapers and publicity channels. The entertainment venues controlled by the company and its partners are the best window for publicity. The gossip spread by a theater and a teahouse is far more effective than what is advertised in the newspapers. Therefore, the newspapers only contain serialized texts in the form of lectures or stories to popularize common sense, and the heroes who really prompted people to transfer the principal of the deposits they had obtained with great difficulty from the court to the banks of the Tatsuki family are the hundreds of rumor-mongers (most of whom are free volunteer propagandists such as employees and relatives who have benefited from the banks).
The phenomenon of a large number of bank managers and agents who have crossed the public has also given confidence to many depositors and left a deep impression on many wealthy local investors and onlookers who participated in the auction. It turned out that the bank managers from the big cities were so rich, and the millions were casually shouted out like their son's nickname. Naturally, the interest rates on deposits and loans in modern banks will not be as high as those of the old-fashioned usury bankers, which are not standardized. The money banks in Jiangsu and Zhejiang are basically 20% of the annual loan interest and 10% of the deposit interest, and in order to make good use of the killer weapon in their hands, they have adopted the policy of 5% deposit interest and 8% loan interest in order to make good use of this killer feature in their hands and force the underground money bank and loan sharks to death.
In the end, all the local tyrants and loan sharks and underground money banks that managed to survive after the stock market crash were almost completely defeated. The funds of those usury loans were basically borrowed at an interest rate of about 10% from the rural and many urban propertied people, and now everyone goes to borrow bank funds with an annual interest rate of 8%, and their own money cannot be borrowed, so they naturally cannot bear the 10% financing interest, and they have returned the money to shareholders and financiers, and then dissolved on the spot.
All in all, the Travelers gained countless benefits before and after the crisis, including countless real estate and real estate, a large number of customers and markets, intangible assets such as invaluable goodwill and trust, a large number of eager talents and grassroots forces, the elimination of the main competitors (gatekeepers and usury), the complete seizure of the financial hegemony of the empire, the unification of the financial markets of the whole of East Asia, and an unprecedented harvest.
The significance of this great harvest is even greater than that of the harvest when Chenji Bank became the only minting institution in the entire empire. Because the traversal cannot mint coins at will (which would cause inflation), the annual seigniorage revenue is extremely limited (compared to the income of the Mint's dozens of acres of land if it is used as a commercial shop), and the integration of the financial market can obtain huge profits of scale. Without the constraints of gate valves and bank ticket numbers, any financial product can become bigger and stronger, and even the subscription multiple of treasury bonds has increased several times. (To be continued......)