Chapter 736: The Fulcrum
President Bellito was a branch president of the Southern Commercial Bank, and he used to be in the same city as Julio, and the relationship between Julio and Belito was very good at that time. The game of capital in the southern cities of Gaine was not only the professional skills of merchants, but also known to government officials and banks. Someone once commented on the officials of the southern department, saying that they know how to make good use of their advantages to make more partners than businessmen, and work together in various fields to achieve economic success in the city.
This is a more civilized and subtle statement, if it is more straightforward and rude, it is that the southern Yankees have a very good way of colluding with officials and businessmen.
The city hall used businessmen to pass on risks, and businessmen used the bank's capital savings to expand profits, and the bank borrowed money to obtain stable interest while deepening its cooperative relationship with the government. It's like a solid iron triangle, no one can do without the other, and everyone has already formed a set of unknown gameplay. So Julio had a good relationship with Belito, the president of the Southern Commercial Bank where he worked at the time, and they worked together many times.
Before sending Jason away, Jason only vaguely shirked his responsibility, he thought that a more authoritative person or organization was needed to solve the current trouble, in fact, the purpose of this sentence was to Jason to build momentum for Durin, and it was because he wanted to follow Dulin to have such an idea. In his eyes, Durin is a very authoritative person, and now give Bellito a preventive shot, and after a period of time when the situation continues to deteriorate, it is much more convenient and reasonable for Durin to take advantage of the situation and take the current rotten apples into his own basin.
But Jason overlooked two things, the first of which was his decision to do so without saying hello to Doolin. If he had greeted Durin and told him what he was going to say, Durin would never have let him say such stupid and retarded words. The unique social environment and economic ecosystem of the South have created many wealthy people in the new era, most of whom have made their fortunes through thrilling capital means, and some of them have something illegal.
They know the tricks of money well, and many of the rules of capital are even set by them. In such an environment, Julio is also very knowledgeable and familiar with the means of capital. Once he finds the fulcrum, he will easily be able to defuse the crisis in front of him. In fact, whether it is a strike or a riot now, in the final analysis, it is because of the problem of money.
The city hall can't afford to solve the current troubles, and the people who have participated in the three-guarantee policy don't mind accepting the loss of expected value, but if there is a person with enough strength to stand up and mediate, the matter will easily be settled.
Secondly, it was also Jason's subconscious avoidance of danger, and Doolin had him contact the workers' representatives to launch this massive super strike that covered the entire western region. If things get out of control, there is a high risk of terrible damage and influence, and at that time he will definitely be betrayed by the workers' representatives. Then he needs to have a little self-protection at this time, he can tell Julio that he had actually reminded him in the meeting many days ago that someone was behind all this, but Julio "arrogantly" ignored his reminder, so he should not take too much responsibility.
But Jason could never have imagined that he would actually sabotage Doolin's plan and point the way for Julio!
At this time, Bellito was dining, and he was entertaining a few very special guests, the local super-rich. Bank presidents and tycoons are always the closest couple, and no matter how harsh the policies above, they cannot destroy the relationship between the two. If the caller wasn't Julio, Bellito wouldn't have answered at all.
"I'm so sorry, I have an important phone call, so I'm missing it for a while!", Bellito wiped the grease stains on his mouth, bowed slightly, and walked directly to the study.
He closed the door and lifted the phone, his calm facial expression suddenly became enthusiastic, and even his tone was filled with a kind of surprise after a long absence, "Mr. Mayor, why do you have time to call me today? I thought that this call would not appear until at least half a month later." He laughed as he finished speaking.
Julio also became a lot more relaxed with the solution, "I invited you to come with me when I left, but you didn't want to, otherwise now we should sit face to face instead of connecting through the phone line." ”
"I'm more familiar with that place in the west than you, and our set of rules of the game won't work there. Even if I pass, I won't be back soon, so I might as well just wait for your call, I believe this should be good news!"
The poverty, backwardness, and conservatism of the western region made it impossible for the Southern Commercial Bank to operate there, and the Southern Commercial Bank was a joint bank jointly established by the Southern Bankers, and in the early days, these bankers fought their own battles, and the private banks in the east and the west spread throughout the South, and did not reorganize into the current Southern Commercial Bank. Later, the Imperial Bank had sensed the danger of these bankers – the locals were far more supportive of the local banks than the Imperial Central Bank, because the local banks were owned by locals.
Sometimes some things that seem troublesome to the Imperial Central Bank are easy to solve in the local banks, and the social relations in the society can never be shaken off, so the local banks quietly rise. For this reason, the Imperial Central Bank began to suppress these small banks, and their methods were also very simple, that is, to hurt people with their own money. Hurting people with this is always the favorite thing businessmen like to do, because this method does not have any technical content, has a high success rate, and has a low risk rate, and is deeply loved by businessmen.
The so-called hurting others with this is to use sufficient funds to press forward step by step, and finally let the enemy destroy themselves. This may sound like a complicated approach, but it's actually quite simple. Take gambling as an example, A has a stack of 100 million chips in front of him, B has a dollar of chips in front of him, and each round has an ante, and every round A bets according to the total amount of B's table. It doesn't matter how many times A loses, the loss is always within his tolerance, but for B, no matter how many times he wins, as long as he loses once, all the money in his table will become A's.
At the same time, the pressure on B in such a game makes him have to be extremely careful with every move, obviously he has a great chance of winning, but as long as the odds of winning do not reach 100%, he does not dare to bet easily. In one attempt after another, you either lose all your money because you make a mistake and leave in embarrassment, or you are harvested with nothing in the forced ante bets.
At that time, the Imperial Central Bank was the same, they very despicably used their strength as the Empire's largest economy to secretly let people store a large number of deposits in these private banks, and then took the initiative to tighten interest rates to allow more money to flow in the market. When the intelligence they have gathered is enough to support their operations, they go to the banks that have just invested a lot of money in a certain area and ask for cash. As we all know, only one-third of depositors' money is deposited in the bank as a reserve deposit, and the rest of the money is made through borrowing or investment, which is also the main means for banks to make profits.
But disaster struck when a sudden cash-out flock and rumours arose in society prevented them from paying their depositors' requests for withdrawals.
Everything in business has nothing to do with morality, and the best friends of the past will step on them, and those partners will step on them, and these private banks have no other way to go than to declare bankruptcy and liquidation. Some people have even revealed some angry and frightening news, saying that the Imperial Central Bank has taken the initiative to deploy in the south, attracting investment from those private banks with short- and medium-term projects with small risks and quick returns, and as long as they throw money into it, the Imperial Central Bank will immediately launch a run on these private banks, and the private banks will go bankrupt.
In such an environment, these southern bankers have felt the terrorist offensive from the old Imperial Central Bank, in order to keep warm, they formed a loose banking alliance, and then reorganized into the Southern Commercial Bank, and with a high degree of freedom and negotiable rules have been unanimously praised by the businessmen, and gradually gain a firm foothold, in the south has the power to compete with the Imperial Central Bank- In fact, the fourth largest shareholder of the Southern Commercial Bank is the Imperial Central Bank, and two of the seats in the chairmanship of the Imperial Central Bank are directors of the Southern Commercial Bank.
We have been in contact for a long time, but we have attacked each other to ensure that the relationship of competition has always existed, so we have been constantly reforming to maintain our own competitiveness and combat effectiveness.
Belito was a member of the board of directors of the Southern Commercial Bank and was earlier a banker with his own private bank.
This is a banker who is very open-minded and can keep up with the times, which is why he is reluctant to go west. It was not only the territory of the Reich's central bank, but also a backwater, without the soil for the survival of bankers as active as him.
Julio chuckled a few times, "This is indeed very good news, do you know the three guarantees policy that Memnon implemented before?"
"Of course I know, what's wrong with the whimsical dreams of an uneducated horse dealer?"
Julio told Bellito what was happening to him now, and Bellito gasped twice.
The first breath of fresh air was shocked by the fact that Mennon had quietly absorbed nearly 100 million yuan of funds from the private sector, and it was no secret that the Reichsbank's quarterly business report was no secret in the banking industry, and the western business did not fluctuate at all, and even had a significant increase every quarter. Under such circumstances, Mennon can still absorb such a large amount of money, which shows how terrible the degree of gold absorption of this three-guarantee policy is.
As for the second breath he inhaled, it was in amazement at Julio's whimsical thoughts.
"I'd say it's crazy, old man, but I like it!", Bellito tore at his neckline, gasping for the butler to bring him a glass of wine with ice cubes, he needed to have a good chat with Julio.