Chapter 383: Vertical and Horizontal (II)
PS: Thank you for the reward of the book friend "k33102219", and ask for a recommendation vote ^_^ by the way
Because the cash that had been prepared to acquire the shares of Zhongfu shares had not been used, and at the same time it was very optimistic about the prospects of Zhongfu International, the Morgan consortium boldly lent Zhongfu International a one-time loan of US$1 billion, but the annual interest rate was relatively high, reaching 10%, and it could only be paid in gold and US dollars, fortunately, it was not a rolling interest, and the repayment period was as long as 20 years, which was undoubtedly very beneficial to the completion of Hu Weidong Jihua.
In addition, because it is a mortgage, if the U.S. government or Congress makes any tricks, Zhongfu International can give up those mortgage assets, and we will not be forced to go hungry to save food to pay off the debt, as the Soviet Union forced to pay off the debt. Moreover, the Morgan consortium is willing to lend $1 billion, largely because they are optimistic about the future of Zhongfu International, if Zhongfu International is forced to give up its mortgage assets to pay off its debts once it falls into operational difficulties, the Morgan consortium will lose a lot, you must know that even if the current Zhongfu International counts those patents, its net assets will not exceed 500 million US dollars. Of course, for the sake of international credit, as long as the Americans themselves have not made any moths, the Red Party will certainly not owe this debt and will not fail to repay it
Including Hu Weidong, a traverser, the Red Party's top brass for financial capitalists is far more hated than industrial capitalists, so Mao Zemin's behavior of actually helping the Morgan consortium has been widely questioned within the party, but Mao Zemin insists that he has done nothing wrong, "Of course I know that financial capital is not a good thing, so helping Morgan is to make the United States suffer more harm, and China is benefiting from obtaining loans, isn't it good?" As long as we firmly grasp the right to issue currency, there is no need to be overly nervous about it."
After all, Hu Weidong came from later generations. Even if you are not an economic expert, you are more flexible in this regard, and you will soon think that the United States began to deindustrialize because of the overdevelopment of the financial industry (not the complete deindustrialization of Argentina in history). However, it will still have a negative impact on the overall national strength, and more importantly, it will allow potential competitors to grow as a result. ), which gave China the opportunity to rise, and the current decline of Britain is also related to this. Immediately admired Mao Zemin's far-reaching thoughts. And others, even if they are still amateurs in the economy, have at least studied materialist dialectics, so they have gradually come to understand. In addition, the central government had previously agreed to give Mao Zemin full power to act cheaply, so there was no arbitrary interference, as long as Zuihou turned out to be haode, he was a great hero of the party and the people.
After obtaining this huge loan, Mao Zemin suddenly had a huge amount of cash of more than $2 billion in his hands, and with the help of Chen Kah Kee and other patriotic overseas Chinese (including Lee Kong Chien, a wealthy man who did not agree with the political ideas of the Red Party but was optimistic about its future and was willing to make venture capital), he could use more than $3 billion in funds.
Even so, Mao Zemin was afraid that it would not be enough. Soon after, he announced the Indonesian oil fields that had been discovered before, but had been kept secret, (that is, the part of the four large oil fields near the Minas oil field that could be mined under the current Jishu conditions), nickel ore, and copper, nickel and chrome ore in the Philippines. Because such "successive discoveries" are in line with the common sense of geological exploration, they have not aroused the suspicion and dissatisfaction of the external shareholders of Ford and Zhongfu shares. The reason why the exploration is concentrated in the Nanyang area is, on the one hand, to implement the strategy of "diverting troubles to the south" originally formulated by Hu Weidong, and on the other hand, it is hoped to use it as collateral to obtain more loans from the Morgan consortium.
The better the prospects for Zhongfu International, the more likely it is that it will be able to pay off that huge loan. Although the shareholders and allies of the Morgan consortium were encouraged by this, they were still reluctant to agree to Zhongfu International's request for another $1 billion in loans, considering that the loan amount was already huge. On the contrary, the Rockefeller consortium was worried that the Morgan consortium would ride on its head again with the rapid growth of Zhongfu International, and at the same time coveted the newly discovered minerals and its current dominance in the emerging petrochemical field, so it instructed its Chase Manhattan Bank to provide Zhongfu International with an unsecured loan of 1.5 billion US dollars, in exchange for requiring Zhongfu International to transfer the exploration and development rights of the newly discovered minerals and their nearby areas. Almost all the assets of petrochemical enterprises under Zhongfu International (except for the most profitable nylon projects), as for some of the assets that were pledged to the Morgan consortium because of the need for loans, the corresponding loan repayment amount was taken over by the Rockefeller consortium.
At present, Zhongfu International, which is still very thirsty for cash, could not refuse such a generous exchange condition, and within a few days, the inspired DuPont consortium also put forward similar conditions for its long-coveted nylon project, requiring the purchase of all the patents of nylon 6 and its products in the American and European markets, and the acquisition of all the equipment and plants of Zhongfu International's current production and sales of nylon 6 and its products, but due to lack of financial resources, the DuPont consortium could only offer a price of 300 million US dollars (non-loan). This money is a little less than the huge profits that can be expected from the nylon project.
However, Mao Zemin still agreed to the request of the DuPont consortium, on the one hand, the DuPont consortium also took over more than 300 million US dollars in debt (these can be repaid slowly, the DuPont consortium is only tight on cash flow, and the strength of long-term payment is still there.) On the other hand, the DuPont consortium, one of the major U.S. military-industrial giants, has successfully conducted public relations relations with the U.S. Congress and the government, giving it the green light to at least sell "non-offensive weapons" and the machinery and equipment to produce them to China's Red Party forces. It should be noted that the so-called "non-offensive weapons" even include fighter jets, large transport aircraft, destroyers and light cruisers, which is undoubtedly an unexpected surprise for China. Even though the US government still forbade the sale of "offensive weapons" such as aircraft carriers, battleships, heavy cruisers, tanks, and heavy bombers, Mao Zemin still could not refuse
Note 1: After the promulgation of the Banking Act in 1933, Morgan changed its name to a commercial bank (i.e., ordinary deposit and loan business), and handed over the original investment banking business (i.e., business related to the capital market such as the stock market and bond market) to Morgan Stanley, which were also the center of the Morgan consortium at that time. (To be continued.) )