Chapter 424, take the blame, you are voluntary, right?
Bowang took Jerom toward Nathan Rothschild, and he greeted Rothschild intimately: "Hey, Nathan, it's great that you can come."
"Ah, Mr. Bowang, I think there is no banker in Europe that can resist your call." Nathan Rothschild also replied in an exaggerated tone.
"Well, Nathan, I'll introduce you to a friend. This is our new supervisor of the Bank of Rome, Mr. Andre Pizarro." Bowang told Nathan Rothschild.
Andre Pizarro is of course a pseudonym for Gerome. Joseph and Napoleon didn't want him to be free of charge with the surname "Bonaparte". So now in the Roman Bank, there are actually not many people who really know Gerome's identity.
"Hello, Mr. Rothschild," said Jerome.
"Hello, Mr. Pizarro, you are so young and promising." Although Nathan Rothschild did not know Jerome's specific identity, he could become the supervisor of the Bank of Rome at such a young age. He either was really outstanding or had a very background at home, so this kind of compliment that was not money-free would naturally be a casual word.
"Nathan, if nothing happens, let's go there and sit there," said Mr. Bowang.
Nathan Rothschild knew that Bowang might have to talk to him about important things, so he nodded to the people next to him and said, "Sir, I will lose my companion first." Then he said to his wife who followed him: "Emma, you can walk here by yourself. Mr. Bowang and I have something to talk about."
So the three of them left the back garden and entered a small living room. Everyone sat down on the sofa. Mr. Bowang stretched out his hand as if he wanted to get something on the coffee table, but in the end he didn't take anything, but instead shrank his empty hand back.
"Bowang is a smoker, and his coffee table also happens to have cigars. He habitually wants to get cigars, but he gives up. Mr. Bowang is not a person who is particularly willing to take care of others. Then he is like this... This Pizarro's identity is probably really unusual." Nathan Rothschild thought.
"Nathan, what do you think about the current situation of railway stocks?" Mr. Bowang asked bluntly.
This question is not easy to answer. As an outstanding banker, Nathan Rothschild naturally knew that the stock prices of all railway companies, including the French Railway, are actually obviously too high. In terms of price-to-earnings ratio, the price-to-earnings ratios of these companies are generally very high. Even if the stocks of the "France Railway Company" with the smallest problem are divided by the profit per share, it is as high as 200. In other words, if you buy such stocks, if you rely on the dividends of the stock, you have to wait for at least two hundred years. With this money, even depositing in the bank is better than this. So today's railway stocks are completely speculating on concepts and cheating money.
From this point of view, this question is not difficult to answer. But at this time, it is worth pondering what Mr. Bowang raised this question. Could it be that Mr. Bowang was saying that he was ready to make some moves and short the stock market? This is a big move. If Mr. Bowang, no, it should be that if the Bank of Rome began to short the railway, then the entire French and European railway stocks would almost certainly collapse. At that time, the bodies of countless investors would probably be filled with the Seine (Paris), the Main River and the Rhine (Frankfurt). Even on the Thames, there would be a corpse.
If Rome Bank was a bank like Rothschild, Nathan Rothschild would have replied without hesitation: "Yes, the stock price is indeed too high and full of bubbles. Now is a good time to short."
But the Roman Bank is not an ordinary commercial bank, it is a central bank, which means it has huge power that other banks do not have, but it also has burdens that other banks do not need to take into account. It must be responsible for the economic situation in France as a whole.
If the entire railway stock collapses, maybe, no, it will definitely affect other aspects, and if it is not done well, it will be a great depression. Then, isn't this a big problem?
So Rothschild thought about it and said, "The popularity of railway stocks is indeed too high, and it needs to be cooled down slowly. Otherwise, there is indeed a risk of collapse. However, it is very difficult to operate to cool down slowly."
Rosschild's meaning was relatively obscure. He felt that he probably grasped the meaning of the Bank of Rome, which was that the Bank of Rome hoped that he could join forces with the Bank of Rome to slowly lower the craze.
Jerome could not understand Rothschild's meaning at all. He could only try hard to write down everything everyone said, and then go back to listen to Joseph's interpretation for him.
"Mr. Rothschild, you also know that this bubble is very large. It is almost impossible to let it slowly fall down, at least technically," Mr. Bowang shook his head.
Rothschild fell into thinking. Obviously, judging from Mr. Bowang's speech just now, he and the Roman Bank behind him did not intend to quietly eliminate the crisis, and might even intend to actively trigger the crisis. But what are the benefits of triggering the crisis?
Thinking of this, a small spark suddenly jumped out of Rothschild's head, just as fully armed Athena jumped out of Zeus' head:
"Technically speaking, it is indeed difficult, or even almost impossible. Forcibly violating the laws of the market will definitely lead to losses but not thankfulness. If that is the case, why not let the crisis break out? As long as other countries lose more in the crisis than France, the result will not be unacceptable. Even if it is handled well, although the problem is France's problem, the consequences can be borne by other countries... This is probably their real goal." Rothschild thought of this, and then another question was: "What is the purpose of Bowang talking about these to me?"
To keep the bubble from bursting and to reduce the bubble under control, this does require the help of Rothschild, but to puncture the bubble and make the bubble explode, for the Bank of Rome, it is completely with the flow and it is not difficult at all. There is no need for Rothschild's cooperation at all. Even seriously, in today's situation, the power of the Bank of Rothschild alone is enough to detonate this big bubble, let alone the giant of the Bank of Rothschild. One of the reasons why Rothschild did not take action before was that it was not known what the attitude of the Bank of Rothschild was. If the Bank of Rome opposes this, then he will become the enemy of the entire Bank of Rome, and even the entire military-industrial complex. Even if he has gained a lot of benefits in this tide, these benefits are not enough to compensate him for the loss of rebellion with the entire military-industrial complex.
"Roman Bank doesn't want to do it by itself? At least it doesn't want to do it first?" Rothschild had some thoughts. So he asked, "So Mr. Bowang, do you mean that this crisis is inevitable, so it's better to let him happen earlier than to let it happen later?"
"Yes," replied Mr. Bowang, "we hope this fanaticism ends soon."
"So, you are looking for me at this time, hoping that I can do something for you?" Rothschild asked.
"Our bank is special, and some actions cannot be done by us. I think you should be able to understand this." Mr. Bowang said, "so I hope that your bank can take the initiative to break the bubble first."
Rothschild said in silence: "Is it not suitable for Rome Bank to do this because it will damage its reputation? After all, Rome Bank is almost another finance ministry of the French government in a sense. But those who take the initiative to break the bubble will be envied by many people. So Rome Bank can only follow up and cannot take the lead. Right?"
"You're right." Mr. Bowang replied without changing his expression.
"But if we do it, our reputation will be affected," Rothschild said.
"I'm sorry," said Mr. Bowang. "Nathan, you should know what kind of reputation you have. Adding this matter will not make your reputation worse in this regard. Anyway, your reputation has long been broken so badly that it can't be broken any more. On the other hand, a reputation that really means you is good at managing and making money, which is the most important thing. Customers will not put money in your place because of your bad social moral reputation; but customers will not invest in you because you are not sharp-eyed, undecisive, and unable to seize the opportunity to make money. You said, am I right?"
Rothschild smiled but did not answer.
"Besides, although the first thing to do is to lose reputation, it also has real economic benefits. To be honest, Nathan, there are more people who are willing to do this besides you. Besides, if we need to put the blame on you, can't we still be able to get it? To be honest, we do plan to let you bear a little bad reputation, but don't worry, under the protection of the Civil Code, bad reputation will not really hurt you. And you are the first to do it, and the benefits you can get from this are also some kind of compensation. And this time you cooperate with us and become our friends, and there will be benefits in the future."
Of course, Nathan Rothschild knew that the so-called "becoming our friends will benefit from the future" was purely a lie. Without a contract that was written in black and white, Mr. Bowang could turn against others at any time. But the situation was indeed as Mr. Bowang said, if the Roman Bank, or the military-industrial complex, or even the French government needed to throw the pot on his head, could he still resist it? Even if he did nothing and controlled the military-industrial complex that controlled so many media, he could still put the pot on his head, and then step on ten thousand feet, so that he would never be able to turn it over. So, don't toast and not eat the fine wine, just take the pot and put it on your head.
So Rothschild asked, "So, how do we need to cooperate?"
Chapter completed!