125. The rise and revitalization of the Walker family, return
In 1914, after the outbreak of World War I, the New York Stock Exchange closed for four months, followed by a decline in the stock market after the United States entered World War I.
And now it is August 1925, the stock market is experiencing a boom period of the dragon's rise, on the one hand, the expansion of free trade, the inflation rate remains low, the rapid improvement of enterprise management and competitiveness, and the invention and innovation provide unlimited prospects for economic development.
Last year, Smith first came up with the astonishing conclusion that 'stocks are the best tool for long-term investment' and the important idea that 'the value of stocks is determined by their future returns'......
On the other hand, the withdrawal of wartime Treasury bonds from the New York Stock Exchange has increased the supply chain of stock market funds, and international capital has poured into the United States, further stimulating the stock market with bank-guaranteed financial borrowing......
Therefore, 25 years is the best period to enter the stock market, and when 26 or 27 years are about to enter the late stage of the bull market, capital began to flee one after another, and when they fled, they also spread rumors in the newspaper news, at that time, even the workers who swept the streets and brushed the toilets were investing their savings in the stock market, and the homeless people who picked up garbage and ate on the street were discussing the stock market.
After the Great Depression of 29 years, many people jumped off buildings and fell into the sea because of the bankruptcy of arrears.
After the first meeting of the New York consortium, Garner and Cox did not leave, but chatted with Russell about the U.S. stock market.
The problem for both of them is how to manage the timing to make a fortune in the stock market.
Because people have natural greed, if you don't control your greed, it is very likely that you will fall down and never get up again.
"Walker, we're not skeptical that you can lead us to make money, we're worried about you."
Russell smiled and said, "Don't worry, my greed has a bottom line." ”
Their worries were unwarranted, and Russell did not explain how to make money, only reminding them not to enter the stock market with their own money, otherwise they would lose money.
The wealth of these people is the difference between small shrimp and toucans according to the Rockefeller, Mellon, DuPont and other families.
Rockefeller and other family consortia can manipulate the market, engage in insider trading, and sell securities improperly, forcing positions and sitting in the bank......
But they can't, they don't have enough capital.
On the other hand, Russell has such capital, and he is also the founder of the newly rich family, and he has accumulated a wealth of five or six billion US dollars in just a few years, which is already very powerful in the United States at this time.
Moreover, Russell had business dealings with Mellon, DuPont, Ford, Henry, and others, and it was easy to participate in their internal transactions.
He spent three days registering Walker Ventures, reorganizing the company and giving the shareholders positions in the company.
Then he threw the money into the New York Stock Exchange, and the funds had a big impact on the stock market, and the limit was up and down for seven consecutive days, which scared several other bookmakers to suspend their retirement, thinking that he was a state-owned asset that had made money in the United States.
Russell reached an agreement with several family consortia to pull the Dow Jones index, and then fell in a waterfall, so that the person who did 'T' could not withdraw the funds and was directly killed.
Within 8 months, he switched to 13 stocks in a row, earning a profit of 1.6 billion with $2.3 billion.
At the end of June 1926, Russell began to withdraw funds from the stock market, and it was not until mid-December that the last money was withdrawn.
At this time, many family consortia realized that the stock market was about to crash and began to publicize it in newspapers on a large scale, driving foolish people to put their savings into the stock market......
During this period, some people also came up with a strategy of pulling people to give rewards, referred to as 'Ponzi scheme', and the founder was Charles Ponzi.
January 8, 1927.
The Walker consortium had dinner at The Peninsula New York.
There are only 21 members left in the original consortium, which represents 21 families and individuals.
The restaurant was full of laughter, because they all knew that in less than a year, Russell had made eight in and eight out of the stock market in a row, earning 1.76 billion with $2.3 billion!
The return on investment is so high that everyone's jaws drop.
But when it came time to divide the money, they were also dumbfounded, only the four families of Garner, John Jr., Cox, and Guggenheim earned ninety percent of the profits generated by the investment amount, and the rest only earned forty percent!
"Oh my God, Walker, I should have believed you, signing the guarantee agreement is the one thing I regret ever doing in my life!"
"I believe in Walker, and that's because I value Walker's business acumen and his decisive character!"
Ghana made a lot of money this time, he invested $120 million, which can be said to have emptied all cash reserves, just to support Russell to sit at the head of the consortium, so Russell gave him $90 million in profits.
The Guggenheim family also invested a lot, about $110 million, while John Jr. and Cox both invested only $100 million.
The rest of the people are basically 50 million yuan, because the consortium stipulates the minimum investment amount for each business.
Russell raised his glass to the crowd and made a big splash during the party, planning his investment goals for the next 10 years - gold and military industry!
Gold must be reserved, because during the Great Depression, the United States abandoned the gold standard, which caused the price of gold to rise sharply, not to mention how many times it has risen, even if it only doubles, it is impossible for ordinary people to earn in this life.
And the military industry will also be involved, but only after Franklin becomes governor of New York, of course, the best time is for him to ascend to the presidency.
This year, Russell was selected to run for the Senate, and his qualifications and qualifications were excellent, and he successfully sat in the Senate of New York State with little resistance during the campaign.
The democrat Alfred Smith and his partner Joseph Taylor Robinson lost the race.
Hoover, who had served as Secretary of Commerce during the reigns of Harding and John, won the presidency.
Franklin also served as governor of New York with the support of Russell and others.
--
Early October 1929.
Franklin invited Russell and Ruth to his home and had lunch.
After lunch, the two sat in the study and chatted.
At first, we talked about the topic of Zhengzhi, and then we talked about the recent stock market.
"Now that the stock market is going higher and higher, why did you give up on the stock market last year? Don't you like this way of making money? ”
Russell shook his head: "The stock market is bound to collapse, do you remember the bursting of the Florida real estate bubble in '26?" ”
"Remember, of course, it's impressive that many real estate tycoons have become paupers in this bubble."
"Yes, there will be a day when the stock market will have such a day, because the price of stocks has reached some kind of long-lasting peak, and as long as you are a little sensitive to the market, you can see that there is a bubble in the stock market."
Franklin frowned and said, "You mean that because the long-term rally has reached a high point, then it will inevitably fall like a waterfall?" ”
"Yes."
Franklin sat down and said, "I put seven million dollars into the stock market, can I get out now?" ”
"Then you need to contact the manager as soon as possible and ask him to sell your stock."
"Okay."
It was on October 21, four days after Franklin sold off all his shares.
As soon as the New York Stock Exchange opened, it was subjected to a massive sell-off, selling more than 6 million shares throughout the day, so much so that the story data recorder did not record the last trade until 1 hour and 40 minutes after closing......
Then the situation continued to deteriorate, and two days later the New York Times index fell 31 points.
Thursday, 24th.
As soon as the market opened in the early morning, the stock price burst like a flood, and people panicked and got rid of the stock, changing hands for 13 million shares throughout the day!
Several banks in New York quickly formed a 'bailout fund', and Richard, the president of the stock exchange, personally bought the shares, hoping to turn the tide, but the building was about to collapse......
Franklin followed Russell's advice and did not intervene in the bailout, because no matter how much he intervened, he could not stop it when the flood came.
On the 25th, Hoover, who had just taken office for half a year, issued a proclamation: American enterprises, that is, the production and distribution of commodities, are based on sound and prosperous foundations!
Attempts to stimulate a new round of investment, but after a weekend, all efforts to save the stock market were in vain.
On the 28th, the darkest day in the history of the United States came.
On the same day, the New York Times index fell 49 points, and the Dow Jones index fell 39 points, a daily decline of 13%!
Seeing this situation, no one dared to come to the rescue of the market.
Because if you get on the edge, you'll die!
At 10 o'clock in the morning, as soon as the New York Stock Exchange opened, it encountered an overwhelming number of selling orders, which swept in menacingly, making the people even more panicked, and everyone was selling regardless of the price, even if they lost money, they had to sell the stocks.
The managers of the exchange were surrounded by groups, and some people were as anxious as ants in a hot pot, jumping up and beating the managers......
Why beat up managers? Because the manager wanted to pull people's heads, he fooled them all in, and finally made a ruin!
The trading floor was in chaos, and the police could not stop the excitement of the people.
The Dow Jones has plummeted, and the stock price has fallen from its peak to 298 points, a decline of 22%.
In November, the stock market was still falling, falling to 198 points, a drop of 48%.
Thousands of people went bankrupt and their wives were separated in the stock market crash, and finally chose to swallow guns, fall off cliffs, and jump off buildings...... Ended life.
And Hoover was also squeezed out of office after only one term because of this stock market crash.
In the '31 Democratic Convention, several leading guests elected Franklin as the presidential candidate and Ghana as the vice presidential candidate.
In the process of the game, Russell also made a lot of efforts, and many republican family consortia were persuaded by Russell to support Franklin.
In the end, Franklin defeated Hoover by a vote of 472 to 59.
After Franklin came to power in 33 years, he quickly launched a new reform. We should begin to straighten out the financial and financial system, strengthen the understanding of industrial planning, readjust agriculture, and promote cash-for-work ...... These were all in order to recover as quickly as possible from the depression brought about by the Great Depression.
Franklin invited Russell to be the secretary of homeland security, and Russell did not refuse, anyway, he sat in the senatorial position for two years and already had some qualifications.
Therefore, after Russell came to power, he quickly signed a military manufacturing agreement with Mellon, Rockefeller and other big family consortia, which directly broke the military industry curse monopolized by several family consortia.
Who would dare to disagree?
To achieve Russell's position, no one dares to say a word.
Don't forget, he has a 'Walker Security Company' in his hand, and he is now active in Europe, Africa, South America and other places, participating in various wars all year round, even in the United States, there are more than 5,000 employees who have been on the battlefield.
Moreover, these employees protect more than half of the members of the U.S. House of Representatives, including the Mellon family, the DuPont family, and the Ford family...... Wait a minute.
If they dare to object, they will not see the sun of tomorrow.
Franklin put him in the position of homeland security, mainly to get into trouble with those family consortia who think very highly of themselves.
Don't talk nonsense, you have to serve Jesus if you say the wrong thing.
The Walker consortium also gained a lot in South America, controlling three silver mines, six copper mines, and two oil fields.
Although it is not as good as the Morgan consortium and the Rockefeller consortium, the Walker consortium can also rank among the top 20 monopoly capitals in the United States.
Because the members of the Walker consortium did not increase, but a few people did not listen to persuasion during the Great Depression, blindly invested in it, and finally put their lives into it.
Franklin used forceful means to get Congress to pass the Emergency Banking Act, the Federal Emergency Relief Act, the Agricultural Adjustment Act, and the National Industrial Recovery Act at an astonishing speed......
In his first term of office, he succeeded in making the factory machines roar in unison, the market booming scene reappeared, the banks restored credit, and the vehicles and ships were full of passengers and goods to and fro for trade......
At the beginning of World War II, Franklin hired Russell as Secretary of the Interior, which is enough to see that he valued Russell very much, not only him, but also several veterans of the democratic faction.
Because Russell's performance during this period of time is really good.
Not only did it seek benefits for them, but it also allowed the democrats to keep pressing on the heads of the republicans, so that the republicans could not make waves.
Franklin served three terms, and in 1944 he was re-elected for a fourth time with 53 percent of the vote, while hiring Russell as pro tempore Senator and Harry Truman as vice president and president of the House of Representatives.
In April, Franklin wanted to create an effective international organization to preserve the postwar peace.
The inaugural meeting of the United Nations was originally scheduled to be held in San Francisco on the 27th, but Franklin did not catch up because he died of a sudden cerebral hemorrhage on the 12th.
Immediately, Truman ascended to the presidency......
And Russell is still the interim president of the Senate, who has been in office for 8 years!
In 52, Russell, who was already in his prime, sat in the courtyard of the huge manor, holding a cigar in his hand, looking at his grandchildren who were playing......
Now Russell has five sons, three daughters, eight grandsons, and three granddaughters.
If you count grandchildren, granddaughters...... That's more.
The Walker family has a solid position in the United States, and is a newly rich family on the same level as Ford and Hunter, with total assets of up to $46 billion!
In 82, the Walker family ranked third on the Forbes list with assets of 220 billion US dollars, only 40 billion short of the first Morgan family.
That evening, while Russell and Ruth were dining, they opened a bottle of '82 Lafite.
"Ruth, do you have any regrets in this life?"
"I have no regrets with you."
Both his and Ruth's faces are covered with wrinkles, which are the marks of time and the marks left in the world.
"What about you? Do you have any regrets? ”
Russell stroked her head and said, "My only regret is that I have been busy with my career all these years and have neglected your feelings. ”
Ruth hugged his neck, "No, I've been blessed all these years. I'm so glad I met you on the Titanic, I can't imagine what life would have been like without you......"
In the evening, the two sat hand in hand on the swing chair in the courtyard, looking at the red sun setting in the west and the colorful glow reflected in the sky.
It's like going back to 1912, the two stood on the bow of the Titanic and kissed passionately in the sunset......
Russell knew it was time to return, because the Titanic was discovered in 85, and the movie timeline was supposed to end in 85.
All of his men died, first Astdam and Sain, then Tommy and Thomaste, and Bagshe and Laimai......
Besides, Russell really didn't want to see Ruth pass away with his own eyes, it must have been painful, and he didn't want to experience it.
Half a year later, he and Ruth's children returned.
On November 5, a family photo was taken, and there were 46 people in the photo.
Russell and Ruth smiled kindly, the sons and daughters were happy, and the great-grandchildren were happy.
"Come back."