Chapter 453, Controversy

The next day was Monday, and after the market opened, everything was normal, and the funds that had been making waves last week also died down. This is natural, firstly, Alberto has basically exhausted the chips in his hand, and secondly, now that the market confidence has been significantly improved, at this time, it is half the effort.

It is precisely because of the smooth operation of the stock market on the first day of the week that people's confidence has been further strengthened, and of course, Scrooge has naturally received more praise and thanks. This made Morgan very depressed, and he even complained directly on the phone with Scrooge.

"Haha, Mr. Morgan, you can't blame me for that. However, it is natural for this to happen. Isn't it? Mr. Morgan, all you have to do is calculate how much money I've spent on this reputation, isn't it? If you're willing to spend so much money for your public image, I guess fame or anything isn't a problem. Scrooge said with a smile.

"It does make sense when you think about it that way." Morgan also had to admit that Scrooge had invested much more money in this area than he had before, and it was normal for all of them to have such gains, "Scrooge, maybe I should consider my own image in the future." ”

"Alright, I think we should think about the second phase." Scrooge said.

"Not bad. I think in a few days, when the week is over, the mood will calm down a bit, and then on Sunday we can start the second phase of the project. Morgan said, "I'll have the Wall Street Journal put out the first article on Sunday." Your side should be ready, too. ”

"It's nature." Scrooge replied.

……

The week passed smoothly, and in the previous period of crisis turmoil, both Morgan and Scrooge successfully took advantage of the pressure brought by the crisis and bought a lot of high-quality capital at ultra-low prices. Although they lost some money in the battle with Rothschild after that, overall, both of them made a lot of money. However, this is not the real goal of the two people, compared to the central bank, this can only be regarded as a grass and rabbit.

On Sunday, the Wall Street Journal ran out another editorial, "Some Thoughts on the Crisis," in which the Wall Street Journal continued its previous position, triumphantly asserting that the crisis confirmed their previous view that the U.S. banking system has obvious loopholes that can be exploited by international financial speculators. The twists and turns in which the international financial speculators were finally repelled this time also shows that only by organically linking the financial forces of the United States can we truly and effectively confront the international financial speculators.

However, the joint action of the MacDonald and Morgan consortium is only a special case. Even in this particular case, we should see some of these problems. As early as when international financial speculators created a stock market surge, Mr. MacDonald and Mr. Morgan pointed out the danger more than once, but neither of them was able to translate this concern into active defensive action for the entire market. Because the vast majority of banks and securities trust and investment companies are deceived by the prospect of profits, they are unable to form a joint force. It is not until the international financial speculators start shearing their sheep and the market is on the verge of collapse that our scattered financial institutions can reach a consensus and take concerted action. At this time, international financial speculators have done great harm to our economy. If we continue to beg for those international financial speculators to make a move, and then resist like we do now, it will be ridiculous to wait until the robbers shoot us and then run to the gun shop with the money. Therefore, it is essential to establish a central bank for Americans at once. ”

Of course, as soon as this argument appeared, it immediately attracted a lot of discussion. If it weren't for Morgan's recent good appearance, I'm afraid that a large group of newspapers would immediately jump out and scold: "It's all a banker's conspiracy!" ”

But, even so, the next day's newspaper was bustling. Of course, the newspapers in the Northeast, which have always leaned towards the Republican Party, applauded one after another, and some Republican senators even jumped out and announced that they would enact a central bank law for the United States. According to the New York Times, some Republican lawmakers are already working together on the draft bill.

Of course, in line with the basic principle that "what the Republicans approve of, the Democrats will oppose," some Democratic congressmen have also expressed their opinions. Senator Sheehan, Democrat of Virginia, said in an interview with the Associated Press: "A central bank is something that is beautiful to think about and looks like, but not necessarily beautiful to run." Let's not forget the story of the First Bank and the Second Bank. When we set up First Bank, we had great expectations that they would bring more benefits to the American people, but what happened? Some young people may not remember such old stories anymore, but I would like to remind you that it is absolutely right not to be slaves of foreign vampires, but we must not conclude that it is better for us to be slaves of our own vampires......"

Senator Sheehan's remarks naturally sparked widespread discussion, with supporters calling him a "freshener" and praising him for his visionary view of how to avoid the United States from going from one wrong extreme to another.

Of course, there are definitely quite a few opponents. Republican newspapers derided Senator Sheehan as a dead brain.

For example, the Wall Street Times, which strongly advocates central banks, reinforced, reinforced, and sarcastically said:

"Senator Sheehan doesn't even know what the difference between our Central Bank and the First Bank and the Second Bank of the past is full of nonsense just because of the words 'central bank.' It's ridiculous. And, what about servitude, what about the first and second banks of the vampires. Does Senator Sheehan think we've really forgotten what the Democratic Party was like when Second Bank was established? As for slavery, did he forget who signed the Emancipation Proclamation? It's our President Lincoln, it's our Republicans!

Also, Senator Sheehan either deliberately or without understanding it is talking nonsense, and he actually compares our proposed central bank to the first bank and the second bank. Of course, if Senator Sheehan can't tell the difference between them because of his intellectual shortcomings, we'd be willing to explain the difference to him for free.

First of all, one of the most crucial factors in the failure of the First and Second Banks is that neither the First and Second Banks of the United States control the hands of the Americans. At that time, whether it was the First Bank or the Second Bank of the United States, most of their equity was accused of being in the hands of foreigners, especially those Jewish merchants. So, although these two banks are under the banner of the United States, they are not essentially the banks of the American people.

Moreover, the First and Second Banks not only acted as the central bank, but also operated as ordinary commercial banks throughout the country, competing with the ordinary banks of our states and suppressing the banks of our states. In this way, the First Bank and the Second Bank are both central banks and commercial banks, which is like acting as both an athlete and a referee in a competition. Of course, such a mechanism will lead to a large number of problems, and the fundamental reason for the emergence of such an irrational system is that the First Bank and the Second Bank at that time did not represent the interests of the Americans at all, but the interests of those international financial speculators, and they were not at all a tool used to stabilize the market and ensure the sustained and stable development of the US economy, but a tool for those international financial speculators to shear the wool of our United States. As an instrument of economic colonization of the Old Continent against us, the First Bank and the Second Bank are hated by the people of the whole United States, and it is a matter of course, and anyone who does not hate them is not a true patriot.

But we must not hate the enemy and the tool at the same time because the enemy has used some kind of tool to infringe on us. On the contrary, what we should really do is to have the tools to strengthen our self-defense capabilities and fight our enemies. It's like the British invaded us with guns and enslaved us, and we can hate these colonists, but we must not let us smash all our own guns and everything. In the same way, of course, we hate the international financial speculators who use the First Bank and the Second Bank to shear our wool, but we should not hate the central bank, an economic weapon as powerful as a gun. Otherwise, you will be holding your own hands and feet, and smashing your own guns. On the contrary, just as we need to establish our own government to better protect ourselves after the expulsion of the British colonial government, we must also establish a central bank that will allow us to effectively protect ourselves after the international financial speculators have been temporarily repelled -- a real People's Bank of America that belongs to the American people......"

In general, because there are tragic examples of "international financial speculators" shearing everyone's wool (although in fact, it is actually the heroes Scrooge and Morgan who really shear the wool of the vast number of retail investors), as well as the reality of Scrooge and Morgan and a group of bankers joining forces to save the market, so on the question of whether a central bank is needed, the voices in favor of the establishment of a central bank quickly overwhelmed the voices against the establishment of a central bank.

"Scrooge, I think it's time for them to get Plan A out." Morgan said this to Scrooge on the phone.

Tomorrow, the college entrance examination will end, and I will be completely idle and resume my double watch. R1058