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Even in this era, some people say that the economic crisis is driven by bankers like Morgan behind the scenes, and they are shearing the wool of the people, this conspiracy theory is very marketable, and the Nazis took it and blamed all the bad deeds on the Jews, for which they did not hesitate to add a Jewish identity to Morgan.

But Yang Chao knows very well that the hardest hit by this economic crisis is actually a financial overlord like Morgan.

In the past few years, 10,000 banks have collapsed in the United States, and half of the banks in the United States have failed, although Morgan Bank has not yet reached the level of collapse, because their investment is relatively conservative and they have not been involved too deeply in the stock market.

So Morgan Bank did not lose much, and even because it ran early, there was a slight surplus, but it does not mean that Morgan made money in the big crisis, to the level of his Morgan Bank, pure profit is no longer the most important, they seek a kind of financial status, so in the past, often in economic crises, Morgan would take out money to save the stock market, but this financial crisis, Morgan can not do anything.

When Morgan watched the banks collapse one by one, an era was over, just like Yuan Shikai watched Zhao Bingjun commit suicide and his era ended.

Morgan is a financier, Yuan Shikai is a politician, there seems to be no comparison between the two, but when affairs develop to the extreme, often different paths to the same end, economic and political development to the peak, both are a kind of power, the political power in the hands of the President of the United States is power, and the financial power in the hands of the Morgan family is also a kind of power.

JPMorgan Bank has suffered little or no loss. But half of the other banks have failed, and that's Morgan's loss.

In the time of the World War, Morgan could be the exclusive agent for financing the UK, on what basis? And not by virtue of their strength to dominate the financial street. So the most important thing for the Morgan family is not how much money they have, but how big their network is, but the collapse of one bank after another has weakened Morgan's financial network.

Morgan's weakening is the strengthening of his competitors. Who is Morgan's biggest competitor? Rockefeller, of course.

Rockefeller has also become a bank-centric consortium, with the National Bank of New York, Chase, and Citibank all controlled by the Rockefeller family.

But in essence, the Rockefeller family is an industrial family, an oil conglomerate, and if it were not for the US president who broke up the Rockefeller oil company, he would not have put the center of operation on the banks, and the reason why he concentrated his efforts on controlling a few large banks was not to run the banking industry. Instead, they found a link between the dozens of oil companies that were separated, and each oil company successfully joined together as a whole after settling through Chase Bank, and continued to control the price of oil through secret meetings, so the U.S. oil market is still under the control of Rockefeller, of course, the control is not as great as before.

Because it is essentially an industrial group, the Rockefeller family's banking business is also completely different from the Morgan family's banking industry, and Morgan relies on bond issuance, stock issuance and other big transactions. It is the king of the financial industry to provide bond financing services for state-level customers; The Rockefeller family's banks, like their oil business, are filled with small amounts of water. It's a mass business.

Specifically, Morgan is an international banker, an international banker, and a government. Rockefeller is a personal business, mainly engaged in deposits and loans, and is the largest deposit bank in the United States. It is also one of the largest lending banks. And the largest target of the loan is not to other banks, but mainly to provide financing to Rockefeller's oil companies.

Industry is always the most stable industry, although the profits may not be as rich as the banking industry, but the risk is the least, because even if the price of oil is falling, there is always a price, millions of cars in the United States have to burn gas, and stocks may fall to no one's attention, falling into garbage.

As a result, the crisis hit the banking industry hard, but Rockefeller's banking group was not greatly affected, and even like Kennedy's speculators, because they held a lot of cash in their hands, they swept a large number of high-quality assets in the market, completing a bottom-buying.

Originally, the Morgan family was hit hard, they did not lose much, and even made a windfall, and the Rockefeller family has become the largest consortium, but they still refused to show mercy and stabbed the Morgan family in the back.

The Rockefeller family weighed and formed an alliance with Roosevelt, who became president with the help of the surging public sentiment, and passed an important bill in Congress, the Glasssteagall Act, which is a bill that regulates banks, which requires that banking business must be split, and a bank cannot carry out both investment business and deposit and loan business, that is, the bank is either an investment bank or a deposit bank, and the existence of a comprehensive bank is not allowed.

Under this bill, Morgan Bank would be split up to form Morgan Stanley and Morgan Bank, two banks. I am not afraid to become two banks, but this symbol of failure is not good, and it has dealt a serious blow to the credit of the Morgan family, what do bankers rely on, not money, but credit!

So Morgan collapsed, although he was still one of the largest banks in the world, he had lost his dominance, and a tiger who had lost his minions was still a tiger, but he was no longer the king of the mountains.

However, this banking law had no impact on Rockefeller's Chase Bank, because Chase Bank was not involved in the world financial network run by the Morgan family in the past, and could not do the business of world bankers, and was always only a deposit and loan bank, so it did not need to be split.

By cooperating with the President of the United States, not only did he deal a heavy blow to the credibility of the Morgan family, but Rockefeller also won the friendship of the President of the United States, and since then he has been closely integrated with the political circles, becoming a "friendly party" in the mouth of the American political forces, forming an alliance with the political bloc, and making Rockefeller the master of the United States from then on.

Anyone who understands political science will find that it is from Morgan that Morgan was defeated by Rockefeller, and after Rockefeller formed an alliance with the American political bloc, the foreign policy of the United States began to change, and the foreign policy of the United States in the past revolved around trade, and free trade was what financiers desired, because trade settlement is one of the largest financial services, and since the breakup of Morgan Bank, American foreign policy began to revolve around oil, and the United States has been related to oil in all subsequent wars, which is definitely not a coincidence. Rather, there is a deep political force behind the scenes.

It is too exaggerated to say that Rockefeller controlled American politics, but it is a fact to say that the Rockefeller family is in alliance with the American political family, and since then Rockefeller has supported the expansion of the government and increased investment in military industries such as DuPont and Boeing, while the US government has given priority to protecting the interests of the Rockefeller family in the world, and has waged war after war for this purpose.

Rockefeller's cooperation with the government also tasted other sweetness.

Walter Teagard, one of the three giants of Roosevelt's National Recovery Administration, was the chairman of the Standard Oil Company of New Jersey, which was also spun off from Standard Oil, a subsidiary of Rockefeller that owned a large stake in the Rockefeller family.

Roosevelt's confidant, Harry Hopkins, a thinker, was once a Rockefeller employee; Another of Roosevelt's brains, Columbia University professor Burleigh Jr., was also an advisor to the Rockefeller family. Nelson Rockefeller, the son of John Rockefeller Jr. and the grandson of the elder Rockefeller, is the assistant secretary of commerce of the United States, and the secretary of commerce joked that it was because he owed the Rockefeller family money before taking office, so he had to give the position to the Rockefeller family.

But this must be a joke, the children and grandchildren of the Rockefeller family do not look down on an assistant minister, and they get this symbolic position, but it is to do some things more conveniently, such as often communicating with the president and deepening relations with the political group, and it is true that Nelson Rockefeller often secretly vacationed with the president at Camp David, and the two became very good friends.

The one who came to see Yang Chao this time was this Nelson Rockefeller.

To be honest, the old Rockefeller didn't come to meet Yang Chao in person, and Yang Chao was very dissatisfied with this, sending a grandson to look down on Lao Tzu?

But he came anyway to express his displeasure.

"Have you done the Lord?"

Yang Chao said very politely.

Nelson stood up from a tatami mat in a hotel in Japan with a humble attitude.

"Mr. Yang, I'm very sorry, you can rest assured of my authority. The reason why I'm here, and not anyone else from the Rockefeller family, is because I'm also an assistant secretary to the U.S. government, and I personally have a very sincere personal friendship with the President of the United States, and I think you can understand the message. ”

Of course, Yang Chao understands that this kid not only represents the Rockefeller family, but also represents the U.S. government. As for the sincere personal friendship he talked about, it was just a mutual use, and if Roosevelt wasn't from the Rockefeller family, would he be willing to make friends with him? Similarly, if Roosevelt wasn't president, would the children and grandchildren of the Rockefellers take care of him?

Yang Chao thought about it and found that it was really the right identity of this little Roosevelt, as if he should have come to talk to him, not sensitive, but it worked, and he was discovered, but he was just an assistant to the minister, and he didn't find it, that is, Roosevelt's personal representative.

Unconsciously, this kid put his position in a very critical position, Yang Chao couldn't help but feel a little more serious in his heart, it seems that this kid is also a powerful person.

No wonder the world wars in the coming decades will revolve around oil rather than trade, it turned out that the descendants of the Rockefeller family defeated the descendants of the Morgan family, the old Rockefeller did not defeat the old Morgan, but he gave birth to several powerful sons, and his son gave birth to an even more powerful grandson, and he still won. (To be continued.) )