Chapter 836: 286, The Ninth Conglomerate_2
“What do you mean by that?” Old Rockefeller couldn’t help but ask Donnie.
Donnie explained: “After the war, the once glorious Austro-Hungarian Empire has now become a third-rate nation in Europe, but now Hungary and Czech have become independent, turning the Austro-Hungarian Empire into Austria, with its population reduced from 54 million to 7 million. Most importantly, the Rothschild Bank of the former Austro-Hungarian Empire holds a large amount of its public debt, which is now irrecoverable. Even a powerful family like the Rothschild Family is facing their own crisis.”
Furthermore, the Krona in Austria and the Mark in Germany are continuously depreciating. It may seem like these are only concerns for these two countries, but it’s a situation that is bound to spread throughout Europe. In fact, the Franc in France is already starting to depreciate.”
In such circumstances, I believe there will definitely be some speculators preparing to take action on this matter, and then the Rothschild Family will be caught in a pincer attack.”
At that time, where would they find the leisure to help the Kuhn, Loeb & Co. consortium? I think perhaps at that time, you, Jack Morgan, will receive a plea for help from the Rothschild Family!”
The events Donnie was talking about were not unfounded but were actually unfolding.
Austria now has a major speculator, Casting Grion, preparing to short the Austrian Krona.
His actions will later drive countless speculators to join the fray, not just to short the Austrian Krona but to attack the French Franc as well.”
Faced with this situation, the Rothschild Family decisively contacted the American Morgan to form a defensive alliance.
Morgan was very clear that if the Franc depreciated, the US Dollar would also certainly depreciate, and the wealth they accumulated during World War I would vanish into thin air.
So, Morgan did not allow this to happen.
Thus, the Rothschild Family in Europe and Morgan in the United States began to coordinate their actions through encrypted signals transmitted via the Atlantic submarine cables.
They first made simultaneous moves to purchase French government bonds in both Paris and New York’s stock markets, prompting the Franc to appreciate. Due to the seesaw relationship that has historically existed between the Franc and the British Pounds, an appreciation of the Franc naturally caused a devaluation of the British Pounds.
This outcome was well known to the Rothschild and Morgan alliance, so as they were going long on the Franc, they heavily shorted British government bonds in the London bond market, making money from both ends!
At that time, the alliance was like a wolf pack rampaging through the securities markets of Paris, London, New York, and Vienna. They dictated which country’s public bonds would rise and which would fall, compelling obedience.
Until all those speculators were completely drained!
After World War I, the Rothschild Family’s power had actually declined, but it was also because of the war that they not only recouped all their losses during World War I but also created a massive profit.
Although the Rothschild Family has never publicly disclosed the figure, according to some industry insiders’ estimates, in this campaign alone, the Rothschild Family harvested at least over 500 million British Pounds!
This event has not happened yet, but Donnie is certainly not going to miss this opportunity!
This is also why Donnie is eager to open up his markets in Europe. Follow current novels on No(ᴠ)ᴇlFire.nᴇt
Now, after listening to Donnie’s analysis, both Old Rockefeller and Jack Morgan were naturally somewhat shocked. Being old hands, they could analyze and see that the outcome Donnie spoke of was very likely to materialize.
“Gentlemen, the United States is large, but the world is much larger. To conquer the world, relying solely on the power of one family is not enough. If we can unite, there will be more markets and more wealth waiting for us to harvest!”
After finishing his statement, Donnie sat back on the sofa and said no more, believing that Jack Morgan and Old Rockefeller could make their own judgments!
After musing for a while, Old Rockefeller was the first to address Donnie: “Let’s put aside the matters of Europe for now, if we join forces to acquire the Kuhn Loeb consortium, how should we divide this piece of the cake then?”
It was clear that Old Rockefeller had started to be tempted!
Jack Morgan looked at Old Rockefeller with some displeasure. Although the acquisition of the Astor Family’s shares in Citibank was not yet complete, Jack Morgan believed that, given Donnie’s relationship with Walker, the deal was virtually settled.
Now Old Rockefeller had set his sights on the assets of the Kuhn, Loeb & Co. consortium, wasn’t this competing with himself?
Donnie waved his hand and said: “That is a conversation for later. We have discussed so much, but there is one thing you haven’t answered me yet, Mr. Rockefeller!”
Old Rockefeller only thought briefly before answering with a laugh: “If we could join the Tarot Society, I believe it would be a great honor for the Rockefeller Family!”
Donnie and Jack Morgan smiled at each other. Although there will still be various competitions among each other in the foreseeable future, these are only internal competitions; the real advantage of the Rockefeller Family joining the Tarot Society lies outside!
They can unite to divide up even more wealth!