America’s Road To Wealth - Vol 2 Chapter 431

Chapter 431 The Real Wakanda

“hehe…”

In the main house of the Morgenthau family, in the study on the second floor of the banquet hall.

Facing David Rockefeller’s opening remarks.

Abel smiled, and he waved his hand lightly, fanning away the second-hand smoke that flew in front of him.

“Mr. Morgan, Rockefeller, are you serious?”

David Rockefeller and John Chris Morgan did not answer, but looked at him seriously.

This silence is undoubtedly expressing their attitude.

“I see.”

Abel restrained his smile: “Since it is serious. Then I want to know, gentlemen, what do you plan to exchange?”

Abel kicked the ball back to the two hometowns.

“That depends on what you want, Mr. Smith.”

To this question, John Chris Morgan responded immediately.

David Rockefeller also nodded:

“That’s right, that’s what I mean too.”

Two old guys, this is kicking the ball back to Abel.

Abel was silent for a while, and then he spoke surprisingly, which shocked the two old guys who had always been calm.

He said, “What if I say, I want the Fed?”

David Rockefeller’s cloudy eyes widened.

John Chris Morgan’s smile froze.

The Federal Reserve, the full name of the Federal Reserve Board of the United States, is the central banking system of the United States.

The Federal Reserve’s public office is located in Washington, D.C., and is under the jurisdiction of the federal government.

But its actual organizational nature is a private banking system.

The key is that every time the Federal Reserve raises or lowers interest rates, or adjusts its monetary policy, or even just makes some remarks, it will have a huge impact on the stability of the world currency and economic structure.

To put it bluntly, since the end of World War II.

With the successful binding of petrodollars, this organization has become the de facto central bank of the world.

To put it bluntly, this institution, or the people behind it.

They are the real masters of this country.

is the director of the world stage.

is a true member of the US “DeepState”.

Families like Morgan and Rockefeller, why do they have such a high status in the United States.

Because they are one of the largest shareholders behind this institution.

The composition of the shares of the Federal Reserve is very complicated, and the identity of the shareholders has never been announced to the outside world.

Its equity holders and internal details are also one of the top secrets of this country.

Ordinary people in the outside world only know about some general shareholders, but they don’t know anything about their internal details.

Fortunately, Abel is not an ordinary person, and he is now one of the top members of this country.

Abel knew that the two old guys in front of him, or the two families behind them, were the second major shareholders of this institution.

That’s why Abel was surprised to say such words at this time.

Words that startled the two old guys.

“ha?”

David Rockefeller had a half-smile, “I didn’t hear wrong, did I? Mr. Smith, although I am old, I think my hearing is still good. Did I hear wrong just now?”

Abel shrugged, “Mr. Rockefeller, you heard that right. I can also say it again, that is… I want some power of the Federal Reserve Board.”

David Rockefeller was silent, and his complexion began to turn a little pale.

At this time, John Chris Morgan spoke.

The smile that froze on his face just now bloomed again, and his self-cultivation ability is very good.

Compared to David, John Chris laughed almost the whole time:

“Mr. Smith, you are actually one of us now.”

Abel was not surprised to hear his answer.

Because strictly speaking it is.

After the merger with the Texas consortium.

Smith Financial Group, which holds a part of the First National Bank of Dallas.

The First National Bank of Dallas owns a small share of the Federal Reserve Bank of Dallas.

The Federal Reserve Bank of Dallas, one of the 12 Federal Reserve Banks of the Federal Reserve, is one of the shareholders of the Federal Reserve.

After covering many layers of skins, the current Abel can barely be regarded as a member behind the Federal Reserve.

The problem is after wearing so many layers of skins.

Even if there is a little affiliation, Abel has no say in this organization.

Not just Abel.

The whole of Texas does not have much say in this institution.

Among the 12 Federal Reserve Banks, the Dallas Federal Reserve Bank is very average.

Voting rights are very low.

Among the 12 Federal Reserve Banks, the highest status is the Federal Reserve Bank of New York, which has the most voting rights.

Followed by the Federal Reserve Bank of Boston, followed by the Federal Reserve Bank of Philadelphia.

Like the Federal Reserve Bank of New York, it alone occupies about 50% of the voting rights of the entire Federal Reserve…

If the Federal Reserve is half of the world’s central bank, then the New York Federal Reserve Bank is half of the US central bank.

In other words, whoever controls the Federal Reserve Bank of New York is almost equivalent to controlling more than half of the Federal Reserve.

Of course, no one or any family can do it at present.

Even if Morgan and Rockefeller are combined, it won’t work.

It is also because of the highest status of the Federal Reserve Bank of New York.

So the major shareholders of the Federal Reserve Bank of New York naturally have the greatest influence on this institution.

Rockefeller and Morgan are one of the founding families of the Federal Reserve Bank of New York, and they own the largest share of the Reserve Bank.

This is also the reason why these two families have been able to prosper in the United States for a long time. This is the foundation.

John Chris and David naturally understand.

Abel means that he wants some of the shares of the Federal Reserve Bank of New York that they hold.

This is exactly why the two old guys reacted so strongly.

These things, the former Abel was actually not clear.

Relying on his talent, he climbed to a high position step by step, after becoming the main core of the Texas consortium.

He knows so clearly.

Facing John Chris at this moment, he had some perfunctory words.

Abel smiled and said, “I understand what you mean, Mr. Morgan. But I think you should also understand what I mean.”

Without waiting for John Chris Morgan to answer, Abel withdrew his smile and looked at the two old guys calmly and seriously.

“Well, taking advantage of this time, the two gentlemen invited me to have a private talk. Then I also have something, and I want to talk to you two.”

“Also about the Fed, but this time I don’t want a stake in the institution.”

David was lying on the sofa chair, smoking a cigar and staring at Abel without saying a word.

A face full of age spots, a pair of cloudy eyeballs, exuding a serious look.

John Chris Morgan was still smiling, but not as brightly as before.

“Please tell me, Mr. Smith.” The slightly younger John Chris said softly.

“I know the two are major shareholders of the Federal Reserve Bank of New York.”

Abel stretched his hands and placed them on the armrest of an antique sofa chair from the 18th century French Regency period in the study of the Morgenthau family.

Facing the second who may be the master of this country, he is neither humble nor overbearing, talking with eloquence:

“Another thing I want to say is that the Dallas Fed’s voting power in the Federal Reserve is in line with its status when it was born, but it does not conform to the status quo in the 21st century.”

“We all know that in 1913, the Federal Government and Congress passed the Federal Reserve Act. According to the regulations, the United States was divided into 12 Federal Reserve Districts, and each Reserve District established a Federal Reserve Bank. The 12 Federal Reserve Banks , which constitutes the Federal Reserve Board of the United States.”

“According to the state of economic development, assets, and residents’ savings in the United States at that time. The New York Federal Reserve District is the savings area with the highest asset holdings, accounting for 50% of the United States.”

“So it was stipulated at that time that the Federal Reserve Bank of New York has 50% of the voting rights of the Federal Reserve.”

“It made sense at the time, and no one objected.”

Having said that, Abbott paused and looked at the two old guys.

Grasping the gap where his speech was interrupted, David Rockefeller took a deep breath of the cigar and said while exhaling the smoke:

“Mr. Smith, you are not a history teacher, and we are not students, what exactly are you trying to say?”

Abel smiled and continued speaking.

“What I want to say is that the Federal Reserve Bank of New York at that time occupied 50% of the assets of the United States, so it was reasonable to have the corresponding 50% of the voting rights. But that was in 1913.”

“It’s already 2002. Now the New York Federal Reserve Bank, does it still hold 50% of the assets in the United States? No, so if it continues to hold 50% of the voting rights, do the two gentlemen think this is reasonable? ”

“Texans think this is very unreasonable. In 1913, Texas’ GDP accounted for only 2% of the U.S. GDP. But now, Texas accounts for 9.9% of the U.S. GDP. And New York The state is 10.5%…”

Speaking of this, Abel has already tried to see.

“So…” He looked at David Rockefeller and John Chris Morgan:

“The Dallas Fed in Texas, New Mexico and Louisiana feel that the distribution of Fed voting power since 1913 has been irrational and out of date.”

“The rules of almost 100 years ago may also be time for appropriate changes. I talked to Mr. Slade Wilson, and he said that he and his friends felt the same way.”

At the end, Abel landed with a voice, and he was already staring at the ugly John Chris Morgan and David Rockefeller with piercing eyes.

David and John Cleese didn’t expect either.

They originally wanted to talk to Abel about investing in Smith Financial Group tonight.

Want to try, can they lure Abel with huge profits, and try to extend their tentacles into the financial core of the Texas consortium.

As a result, the contact had just begun, and their bait hadn’t been thrown out yet.

Abel instead dropped a depth bomb on them.

Than Abel wants a stake in the Fed.

What they can’t tolerate even more is the reform of voting rights that Abel demanded.

This is actually easy to understand.

The Federal Reserve is destined to be impossible to be controlled by one person, or one or two families.

Even if Abel can really get the shares of this institution, the amount will definitely not be many.

Unless he can kill all the families in the United States by himself…

Otherwise, even if they compromise, Abel will be able to get the shares of the Federal Reserve, which will be absolutely rare.

If it’s just this part, the two will be angry, but they can also understand.

Abel is now actually proposing to reform the voting rights of the shareholders of the Federal Reserve.

Morgan and Rockefeller, why are they stronger than other consortiums?

In addition to their background, an important factor is that they are the most vocal part of the Federal Reserve.

This is the status of the Federal Reserve Bank of New York, which brings benefits to them.

If the New York Federal Reserve Bank’s voting power in this institution is reduced, it is also reducing their voice in the Fed.

Even if it is lowered, the Federal Reserve Bank of New York is estimated to still be ranked first.

The problem is that the difference between 50% and 49% is indeed only 1%, but in many cases, when voting is required.

The key 1% can often play a decisive role.

And it may be reduced by more than 1%.

This “bomb” thrown by Abel.

For a while, the atmosphere in the study of the Morgenthau family became extremely oppressive.

At this time, John Chris Morgan, who had been smiling the whole time from the beginning, finally put the smile on his face away.

David Rockefeller even put out the cigar directly on the ash cap, staring at Abel with his cloudy and aging eyes.

The atmosphere was very bad, and Abel accepted it calmly.

The two old guys also didn’t say a word for a long time.

In the study room, it was quiet for several minutes.

“Slade Wilson really said that to you?”

After a long time.

David Rockefeller spoke, his voice became a little hoarse.

Abel looked directly into his old eyes, “Mr. Wilson and I are good friends. Many people know about it. Oh, and I have a very good relationship with Miss Keira Wilson. And Mr. John Stumpf. These Things, let alone you guys, I don’t know how many times it has been reported in the newspapers.”

After Abel finished speaking, John Chris and David, two old men, interacted for the first time.

They looked at each other, wondering if what Abel said was true.

Because it matters.

Slade Wilson is the core figure of the Wilson family in California.

The Wilson family is one of the controllers of the California consortium.

The point is when Slade Wilson was young, about thirty years ago.

The core figure of the California consortium once raised a similar topic at an internal shareholder meeting of the Federal Reserve, just like Abel today.

It was just that at that time, California was not as strong as it is now, and the California consortium was not as strong as it is now.

Plus Slade Wilson was not very firm at the time, and was “persuaded” afterwards.

This matter is over.

But that was then.

Thirty years later, California’s economy is developing rapidly, and it is already the largest state in the United States, both in terms of population and economy.

Besides Texas… the Lone Star State has always been rebellious.

Nowadays, the economy sits on the third and second, and refuses to accept the second child, New York State, that’s too normal.

What’s more, Texas is developing so fast now, and a large number of states in New York State have begun to decline.

It’s too normal for Anti-Bone Boy to be unconvinced.

Even before, Dezhou was beaten up a lot, and then found that it can benefit from this big family, so it didn’t jump so much later.

If the Federal Reserve Bank of San Francisco and the Federal Reserve Bank of Dallas really want to challenge now.

It can really affect the current power composition of the Federal Reserve.

In intelligence, Abel did have contact with Slade Wilson.

Slade Wilson also took the initiative to entertain him. At that time, the two talked and laughed happily at the banquet of the California Consortium.

The two of them even left the crowd for a while, and talked secretly for a long time in the sight of the crowd.

What the two of them talked about, only they themselves know.

David and John Chris are afraid of these two rebellious guys, in case they really talk about something.

The status of the two within their consortium can indeed affect the order of power within the entire Federal Reserve.

A Dallas Fed, not terrible.

A San Francisco Federal Reserve Bank, a bit of a hassle.

The combination of two thorns, even the big brother, the Federal Reserve Bank of New York, has a high probability of being unable to suppress it.

Taking a deep breath, David Rockefeller spoke again:

“Mr. Smith, do you know what will happen if you do this?”

“You will lead to a stable Federal Reserve, and internal turmoil will begin. And if this institution fails to perform its functions, the entire United States will be affected. If the United States is affected, the whole world will be affected.”

“If you do this, then you are provoking war. In the face of war, the response will only be war.”

“Do you understand this kind of consequence? Can you bear it?”

“Ha ha-”

Abel chuckled lightly.

“Mr. Rockefeller, I think you should understand the reason why our federation exists better than I do. It can exist because everyone can make money happily in it. But the problem is… now you can make money happily, We can’t. We give more, we take less.”

The young Texans looked directly at the staring eyes of the two veteran chaebol cores.

“As for challenges, wars and such…lol-”

He laughed again: “Didn’t you fight once in 1861?”

“Mr. Smith.” John Chris Morgan said in a bad tone:

“Does your statement represent Texas or even California? You are launching a war!”

Abel immediately asked: “Mr. Na Morgan, can you represent the entire east coast? Didn’t you propose the war first?”

John Chris Morgan was too blocked to respond immediately.

Because like Abel, he can’t actually represent the whole of Texas.

Morgan and Rockefeller also cannot represent the entire east coast of the United States.

The United States is actually an African tribal-style wonderful country packed with modern civilization, technology, and armed with more than 700 large and small families, as well as ordinary people or elites in the areas they influence.

Rockefeller and Morgan may be the two most powerful among the more than 700 “tribes”.

They can influence many “small tribes”, but they are just the leaders of these “tribes”.

The leader leads everyone to make money together, so everyone naturally listens to the leader.

If the leader leads everyone to lose money together, there will be no “tribe” willing to follow them over time.

Rockefeller and Morgan are like this, and shrubs and Smith are actually similar.

This is the United States, a modern capital tribal emirate.

This is also the reason why it is difficult for outsiders to understand its internal system.

Marvel’s Wakanda was imagined and used to show black buddies.

The actual United States is the real Wakanda only by looking at its internal power structure and system.

(end of this chapter)