When it comes to secret negotiations, Duck Castle is really the best place, not only with beautiful scenery, but also with first-class living conditions, and as for security and confidentiality, there is no problem with zài, in this era, it is the Oval Office of the White House, and security and secrecy cannot be compared with Duck Castle. Of course, Morgan may have a little objection to this, and he may still think that the Corsair is better. However, given the importance of this consultation, even if it had been on the Pirate, it would not have been possible for Morgan to have his ship take those lovely and charming little girls and hold the events that the great prostitutes.

Some of the people who participated in this secret consultation were as follows:

Scrooge MacDonald - The head of the MacDonald consortium, the richest man in the United States.

JP Morgan - The head of the Morgan consortium and the leader of Wall Street bankers.

Frank van der Lipp - President, National City Bank, New York.

Carol MacDonald - A key figure in the MacDonald consortium and the elder brother of Scrooge.

Benjamin Strong is a key figure in the Morgan consortium

William McKinley - Republican, member of the Congressional Ways and Means Committee.

Kevin Romans, Scrooge's royal lawyer, was the only one of all the participants who knew little about the operation of the bank, but his job was extremely important, and he was responsible for making the text conform to the U.S. Constitution and meet the requirements of political correctness, or (at least it seemed to have to) make the proposal acceptable to Congress.

In July 1896, at Duck Fort, these men came together and began the design of a new central bank.

"Ladies and gentlemen, I know what you're here for. But from now on, I'm asking you to do one thing first, and that's this: kick the damn First Bank and Second Bank models out of your heads, as far away as possible, and preferably kick them to China across the globe. Because this way of plundering wealth in such a direct way is too crude, too backward, too unaesthetic, and too untechnological! At the first meeting, Scrooge said this straight to the point.

"How, then, Mr. MacDonald, can you make a profit if you don't take deposits and make loans if you don't use the first or second bank?" Frank van der Lipp asked.

"Mr. Van der Lipp, allow me to proudly illustrate this with my business actions." Scrooge replied proudly, "I control a lot of 'non-profit organizations'. Many of these organizations don't make me money directly, and I even spend a lot of money every year to keep them running. But do you think I should cut down these 'loss-making' institutions? ”

Frank van der Lipp knows how powerful the non-profit organizations that Scrooge said, the non-profit Associated Press almost controls public opinion in the United States, and in general, in recent years, the economy has been sluggish, even in MacDonald's enterprises, the treatment of employees has dropped significantly, correspondingly, there have been a lot more labor disputes, and some companies have even had violent bloodshed. However, Scrooge's image as a saint is still well maintained, except for the fact that Scrooge was cunning enough, almost always using the method of co-opting the workers' aristocracy, creating internal divisions among the workers, and then using the workers' aristocracy to suppress the ordinary workers, and externally claiming that it was a conflict among the workers. The control of public opinion is also the most crucial factor. Those voices accusing Scrooge could not be made at all, and even if they could, they would be instantly drowned out in a noisy sound, and no one could hear them at all. Of course, maintaining one's personal image is just a handy thing to do, and over the years, using news and public opinion to influence the market and influence politics, I don't know how much money I have made for Scrooge. Although the Associated Press did not make any money on its own, with its assistance, Scrooge did not know how much money he had made over.

In addition to the Associated Press, Scrooge has a lot of "Standard & Poor's" and "Fitch" in his hands, although they do not directly make money, but their judgment has a very big impact on the economic community, and many times, as long as these two institutions sneeze, the entire US economy, and even the entire world economy, will react. After seeing the role played by these two "non-profit institutions" in making money, the Morgan consortium also developed its own "non-profit" rating agency "Moody's Investments", and tasted a lot of sweetness by relying on this.

And what else "people. Right. See. Cha", what "journalists without borders", what "International Association for the Advancement of Medicine", what ...... Although all kinds of institutions do not make money directly, they are all creating conditions for the MacDonald consortium to make money, so that the McDonald consortium can make a lot of money. Recently, a company affiliated with the McDonald consortium launched a new toothbrush with wavy bristles and the latest fluoride toothpaste that is said to prevent tooth decay, and then a "national dental protection group" immediately popped up in the United States......

"Mr. MacDonald, do you mean that this agency doesn't make money on its own, but is only responsible for creating opportunities for us to make money?" Frank van der Lipp basically understood what Scrooge meant.

"Yes, this is also a consensus that I reached in the early discussions with Mr. MacDonald. The First Bank-style approach is indeed very profitable, but it is also very hateful. Why were the first and second banks ordered to close after only 20 years? The reason is simple, their eating appearance is too ugly. Ordinary people can see it. They are openly on the opposite side of the interests of the majority, and of course they will be blamed and attacked, and of course they will be unsustainable. And now, we have to learn this lesson, we have to hide behind it, and we have to make money fairly. Morgan picked up the conversation and said.

"Everyone, you must understand that the so-called fairness, equality, etc., is sometimes the best cover-up. At the time of the enclosure movement, the king of England passed the sacred law and forbade a qiē people, both poor and rich, to beg in the streets and water in the bridge cave at night. Such a law, although equal in its provisions, is undoubtedly beneficial to the wealthy. It is in this spirit that we now need to come up with a draft that is imbued with the spirit of freedom and equality. And the level must be higher than those stupid Britons of hundreds of years ago, and it must be more subtle and deceptive than them. Scrooge said.

"What is the most basic purpose of this organization? I think let's put it bluntly, and that is to control the currency issuance in the United States. The right to issue currency is firmly in our hands. And use this to serve our interests. Morgan continued, "A few days ago, Scrooge and I had in-depth discussions on some economic issues, exchanged views extensively, updated our thinking, and reached consensus on many key issues. Morgan said.

"For example, the people in this room are not very wise about inflation right now." "It's easy to feel that once inflation comes in, the profitability of the loans we give out goes down, and our interests suffer," Scrooge said. But, I would say, this kind of thinking is quite problematic, and even wrong. …… Don't rush to ask me questions just yet, wait until I'm done. Scrooge first stopped the person who wanted to ask the question, and then continued: "The larger the scale of the loan we make, the more money we will naturally make." But why can't we just scale up our lending? What's holding us back from lending? The answer is simple: the amount of gold in the world. Over the years, the growth in gold production has not been matched by the growth in the scale of the business. And now all our money must be attached to gold, so the amount we lend is also limited by the amount of gold produced. This has greatly reduced the rate at which we can get rich.

Let's imagine if we could get gold to the side and let the whole of America use the paper we issue. Currency. And we issue the paper. What is the impact of a little more coin? ”

"There can be inflation. Everything will go up in price. William McKinley replied.

"Allow me to take the situation to extremes." "If inflation exceeds 100 percent in a given year, what will be the effect on the property of the average person? For example, a person has a deposit of $10,000, but after a year, the actual value of his deposit is only $5,000. That is, his fortune shrank by half. But we know that wealth can't just disappear in a vacuum. So, my friends, where is the other half of this man's wealth? ”

This question stopped several other people at once. After thinking for a while, Frank van der Lip replied, "It must have fallen into the hands of the person who issued the currency." Because when he over-issued money, every additional currency that is destined to depreciate in inflation is being exchanged for something cheaper. God, it would be nice if we could issue non-gold currencies at will. It's just that if the currency is backed by freely convertible gold, then we can't over-issue it, even if we can issue paper notes with gold as margin. tickets, people will also use this in exchange for gold. Oh my God, for the first time, I felt that there were times when gold was something I hated. ”

"I think over the years, we have insisted on using only gold coins, which has led to the lack of liquidity in the market, which has caused inconvenience to the economy." "If we were to unite and form this organization in the name of Congress to be responsible for the issuance of money, we could have asked for a reduction in the ratio of reserves, even to one to three, one to four," Scrooge said. In practice, we can even use temporary additions, borrowed gold as reserves. As long as we are careful and control the magnitude of inflation, we can do so that most people don't realize that we are exploiting them. Even with the artificial tightening and inflation of the currency, we can strike at our opponents and knock out all those who are still outside our group. Once the entire banking system in the United States is under our rule, we can even further reduce the proportion of reserves, and even completely negate the status of gold one day in the future, so that the dollar can become a legal credit currency that has nothing to do with gold. ”R1058