Chapter 294, Collusion

Scrooge had learned from the Rothschild telegram that the old foxes of the Rothschilds had already understood that the railroad frenzy in North America was a capital trap. But for a real capitalist, it is not enough to avoid the trap as soon as he sees it. When a real capitalist sees a trap, his first judgment is how he can use it to make a profit, how to dig it better and deeper, and how to make more people fall into it and make himself earn more.

Now Joshua is talking to Scrooge about how to dig deeper into this trap.

"IMHO, the railroad boom in North America is already somewhat overheated right now. In many areas, railways are actually being built on duplicate lines, and more than a third of these railways may not be profitable even in the long run. I think there is a possibility that the railroads in North America will change to tulips. What do you think, Mr. MacDonald? Joshua asked.

"Yes, Mr. Rothschild, your concerns are not unfounded. Railroads are indeed an opportunity to make money, just as there are people who can make a fortune even in the midst of tulip craze. And one thing is that today's railways are different from the tulip craze of the past. Today's railroads in North America are like a glass of beer that has just been poured into a cup. Looking at the past, the cup was full of foam. But we know that tulip glasses are basically full of foam, and there may not be any wine that wets the bottom of the glass. This is not the case with the railway, which has foam, but there is still a lot of alcohol in it. When the foam is completely broken, we can see how much beer is in it. However, when that time comes, the opportunity to make money will be missed. A good businessman can estimate how many beers the foam can have while it is tumbling upwards. The more accurate the estimate, the more you earn. Scrooge laughed.

"That's where we need to work together." "You see, our intelligence network has relatively accurate information about the movement of money in Europe, and we can provide you with information about that. And when it comes to understanding the U.S. market, no one can beat you. So you can also provide us with the corresponding information. When we work together, we can more accurately estimate how much beer is under the foam and get the best time to do it. ”

"But I'll be honest with you, some of our old friends may not want to see the Rothschilds return to North America." Scrooge said with a smile that it is no secret that the Morgan consortium is hostile to Rothschild, although when Morgan started his business, he relied on the power of the Rothschild family, but now the situation is completely different. Before the Civil War, the Rothschilds were already in a position of near-dominance in the capital markets of North America, just as they were in Europe. But after the outbreak of the war, the Rothschilds judged that the independence of the South was supported by the British government, and thus succeeded. This judgment is actually not bad, because if it were not for Lincoln's successful public opinion offensive using the "Emancipation Proclamation" to smear the South as a rebel who was solely for the purpose of maintaining slavery, so that almost all public opinion in Britain would have tilted to the north, and Britain would have been ready to recognize the Southern Union and use naval power to help the Southern Union break the naval blockade of the North. If the situation develops to such a point, the south may really become independent. Once the South became independent, the United States would fall under the encirclement of the pro-British Confederate and Canada, and it would be difficult to say what its future would be. Therefore, it is completely understandable that the Rothschilds withdrew their forces from North America.

However, in the past few years, the power vacuum left by the Rothschilds was quickly filled, and the Morgan family filled this void. Because of this, the Morgan family is very sensitive to any attempt by the Rothschilds to return to North America, and is firmly opposed. And this is not a secret at all, and it can even be said that anyone who is engaged in finance knows this. The Rothschilds knew this just as well. In its original history, the Rothschilds have never been able to return to North America since they retreated from North America. Before the retreat, the Rothschilds owned six banks on Wall Street, and today they don't have any banks in North America. Scrooge mentioned this matter to Joshua not to deliberately provoke the relationship between the Rothschilds and the Morgan family, their peers are enemies, and the relationship between them does not need to be provoked at all, as long as the Rothschilds dare to open a bank on Wall Street, the conflict between them is almost inevitable. Scrooge's purpose in mentioning this matter is actually to raise the price.

"You know, we've got a very close relationship with the bankers on Wall Street right now, and they're on good terms with your family. But to be honest, they may be quite wary of Rothschild's return to North America. In particular, returning to the Wall Street financial world is very resistant. If your goal is to come back to Wall Street and become a banker, I'm afraid it's going to be very difficult for me to work with you very deeply. Because I can't just go against the whole Wall Street for a Bordeaux winery. Scrooge saw that Joshua seemed to want to speak, so he hurried to add:

"Our friend, don't be in a hurry, please listen to me slowly finish my thoughts. Well, you know, I'm a straightforward person, and when I'm talking to my friends, I always like to get things straight to the point. I think it's good that you can avoid all kinds of miscalculations. The current Wall Street banking community has basically been influenced by Mr. Morgan, and they have organized into a huge combined fleet. And Mr. Morgan is their flagship. The whole of Wall Street, except for the McDonald Venture Bank in my hand, all the influential, slightly larger banks have more or less joined the fleet. Recently, after you returned to North America and started investing in railroads, the pace of their integration has accelerated even further.

I have no doubt that your family has the financial resources to take on Morgan's combined fleet, and even though this is their home turf, if your family does its best, they can still be repelled or even knocked down with their strength. If your family really decides to do this, then it's not impossible for me to be on your side. But is it possible that your family will concentrate all their forces against Morgan and them? ”

Scrooge smiled and shook his head: "Your family is the empire on which the sun never sets in the banking world, and it is powerful and awe-inspiring. However, just like during the North American Revolutionary War, if the British really did their best, then North America would not be independent anyway. Even during the Second War of the United States and Great Britain, if Britain had gone all out, the result would not have been just to set fire to the White House and Capitol Hill, and the United States might have reverted to becoming a British colony. But can Britain really give it its all at that time? That is impossible, because there are more important and perhaps important matters to be dealt with on the Continent, perhaps the rise and fall of Britain. Britain is the world's leader, the earth is long, his strength is the strongest, but he also has the most areas to take care of. It is simply impossible for him to draw so much force against the United States. I'm afraid your family is the same. You may not really be able to come up with much strength to confront Morgan and them, after all, your family's roots are still in Europe. So, if your intention is to join forces with me and pry a hole in North America. I'm sorry, but as tempting as your advice is, I don't dare to offend my friends on Wall Street for this. ”

Hearing Scrooge say this, Joshua was a little gloomy. However, Scrooge's reaction was originally expected by the family. It would be good if Scrooge could be pulled against other banks on Wall Street and the family's power could return to Wall Street, but if it could not reach this highest target, then there would be a second-class goal.

"Scrooge, you're right, Europe is more important to our family, and we really can't use much power for North America. I know you're telling the truth, and we don't mean to force you to go against Morgan's alliance. Our goal is just to work together and make more money. Our family, at least for now, is not returning to Wall Street to start a new bank. Because it's a bit more difficult. Joshua replied. Scrooge understood that the so-called lack of plans to return to North America to open a bank now does not mean that there will be no one in the future. After the end of the civil war and the reunification of the United States, everyone can see that the United States has a lot of money, and who would not want to come back to make money? It's just that Rothschild wants to come back, and it's a little too difficult. This is the case in the business field, if you make a mistake in a key step, it will be difficult to catch it back later.

"I have an idea that it won't be too much of a motivating thing for Morgan and them, but it will make us all money." Scrooge said.

"What do you think, tell me about it?" Joshua picked up his spirits again.

"That's how we can work together. You know, I also have a bank in my own hand, and it's doing pretty well at the moment. Plus I have an insurance company. I think it's okay to do this, within two years, if your family has any investment needs in North America, such as railroad speculation, you can do it through my MacDonald Venture Bank. Of course, in return, I can agree that we can entrust all of our various businesses in Europe, with the exception of technology ventures from MacDonald Ventures, to your family as long as you need financing services that you are interested in. In this way, the advantages of both parties can be brought into play, and it will not be too irritating to others and causing unnecessary trouble. What do you think of this idea? ”

Joshua thought for a moment and replied, "It's an interesting one." But Scrooge, as you know, I don't have a completely bad decision on this issue. So I can't give you an immediate answer right now. ”