June 27, 1867

President Andrew Johnson of the United States signed the Monetary Management Treaty.

It is not as detailed and strict as the Federal Reserve Act, the symbol of the establishment of the Federal Reserve in history, but it also has clear regulations on the private issuance of money by banks.

This bill also does not directly infringe on state rights, and state banks still have their own rights to sell money, mainly to limit the right of private banks to sell money.

The bill clearly stipulates that private banks must obtain the consent of the federal government and be subject to federal control if they want to sell currency.

It's like a death sentence for the issuance of currency by the Hero Bank.

How is it possible that a hero bank, which has not joined the "private Fed", can be allowed in the hands of an all-Yankey federal government?

The control is also aimed at Hero Bank, and the shareholders of the "private Federal Reserve" are the relatives of the members of the Senate of the House of Representatives.

How did Tom respond to the bill?

Ignore it and continue to print, Tom has recklessly printed to $500 million!

As for what the federal government should do when it is investigated?

Hero Bank is already a "state bank".

Tom learned advanced public-private partnership concepts and merged Texas State Bank with Hero Bank.

Now, Hero Bank is the first company under the Hero name that is not a "Smith family business".

Hero Bank's current shareholding composition is 99.99 percent owned by Hero and 0.01 percent owned by the Texas government.

In this way, at the legal level, Hero Bank replaced the original state bank as the new Texas state bank, and Hero Bank still has the right to issue currency.

Tom had long guessed that the federal government would not dare to directly revoke the power of state governments to issue currency, and that the conflict between state and federal powers would lead to the dissolution and civil war of the United States of America again.

Well, as long as 0.01% of the shares of Hero Bank are owned by the state government, then this is a state bank, and Hero Bank still has the right to issue currency.

I have to say that history is really Tom Smith's best teacher.

If you can add public to private, then why not vice versa?

Anyway, it's just to put on the skin of a "state enterprise".

Under Tom's one-pass operation.

The first state corporation in U.S. history in which the state government only owns 0.01 percent was born!

This is the "state enterprise".

It's just that this is something that cannot be replicated by small and medium-sized banks, and if small and medium-sized banks can control the state government, if they have such strength, they will not go bankrupt because the over-issued currency cannot be converted.

If money can be issued freely, why would Tom risk the economic crisis to continue to over-issue money?

It would be good to overissue 100 million to alleviate the demand for the war capital chain, and why did it overissue to 500 million in a few days?

Tom could only give the questioner a "son-in-law" smile in return.

Only 500 million? It's not enough for a fraction of Tom's plan.

Tom's plan is to overissue more than 5 billion dollars, and Tom wants to have a life-and-death battle with the Yankee!

As Tom expected, after the private Federal Reserve learned of the news that Hero Company was accelerating the printing of money, and it was in the name of the "state bank" that the Yankees also began to print money on a large scale.

Tom printed 100 million, and the Yankee printed 200 million.

Tom printed 1 billion, and the Yankee printed 3 billion.

In short, it is more than who prints each other.

The Yankees have no way back, and with the legal recognition of state banks, the public will trust the currency issued by state banks even more, and Texas is the most famous state in the United States.

In addition, a large number of Hero Company's products, especially "medical necessities", are popular in the United States.

Hero also prioritizes supply to middlemen who use Texas "Hero Dollars."

In the end, a large number of "hero dollars" also appeared in the Yankee's territory.

This hit the currency market in the Yankee Fundamentals.

In order to resist the large-scale issuance of "hero dollars" by Hero Corporation, the Yankees must increase the amount of money printing, at least reduce the proportion of "hero dollars" circulating in their own territory in the market.

There is no doubt that the current Hero Bank and the "private Fed" are like two race car drivers.

The two racers rushed to the cliff, but no one refused to show weakness, frantically twisted the accelerator, and rushed out of the cliff.

It's a pity that neither of them realized that the two of them had already flown off the cliff and were flying in mid-air.

Even so, both sides stepped on the accelerator in mid-air and tried to fly into the blue sky.

The over-issuance of these currencies has long since broken through the tipping point of the economic crisis.

There is only one opportunity left for the collapse of the national economy.

The two sides that led to this crisis are still "spurring" the money printing press and increasing the printing of money.

As for the end result of this plan, which is sure to cause a financial crisis and the collapse of the national economy? Stay tuned.

Is this a hero company lifting a stone to shoot itself in the foot, or is it a big move?

It takes time to settle.

Tom is now out of Houston and is heading to Mexico City to complete his last performance in the Franco-Mexican War.

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News from Mexico's No. 1 newspaper:

January 1: The Man-Eating Behemoth leaves his dungeon,

January 4: Texas ogres land in Port Veracruz,

11 February: The tiger arrives in Tampico,

February 13: The monster spends the night in Ciudad Madero.

March 13: The demon crosses Matamoros.

6 April: The thieves are marching on Querétaro, but the brave and faithful Burgundians are swarming and besieging him on all fronts.

May 10: The "Demon Army" is only 50 miles from the capital, and he has just escaped from his pursuers.

May 19: John Mueller marches fast, but he will never reach Mexico City.

May 22: The brave and fearless General Porfirio Díaz scolds the disloyal and unjust Tom Smith!

June 3: Slaves under the ignorant feudal system besiege Mexico City, but these backward men will never be able to defeat the free and brave Mexicans.

9 June: General Porfirio Díaz leads the United States forces in a counterattack.

June 14: John Mill led the "Knight Retinue" to save us from the evil beacon of democracy and equality!

June 20: The Knight Tom Smith decides to come to Mexico City to pay his respects to His Majesty the great Emperor Massimiliano I.

June 29: Tom Knight is now in Querétaro.

June 30: The Knight will arrive at our city tomorrow.

July 1: The Knight arrives at the Royal Palace of the Second Mexican Empire last night amid the cheers of the crowd.

On the night of July 1, 1867,

Tom arrives at the Royal Palace of Mexico, which he secretly visited six months ago.

This was the end of the Franco-Mexican War.

Tom, I'm going to draw a perfect and false end here.