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268 Bank of America

How should a country be built?

There is no fixed answer to this question. Generally speaking, it depends on the positioning of a country. If it is a country similar to the Bahamas, you only need to build a house and then dig into how to play, and you can attract countless tourists.

Cuba certainly cannot use this model. The rich mineral resources in Cuba have determined that Cuba can only take the path of industrialization. Moreover, given the technical foundation of Cuba, Cuba does not have many choices. At most, it is to dig out mineral resources from the ground, then roughly process them and sell them to the United States or Europe. This is the only choice for Cuba in a short period of time.

Because of Li Mu's intervention, Cuba's processing level may be further improved and more product added value can be obtained, but the finishing process is still impossible. The US government will not allow Li Mu and others to open the finishing process enterprises in Cuba, which will harm the interests of the United States.

Fortunately, Li Mu was an otaku in his previous life and had read a lot of online novels. Even if he had not really controlled a country, Li Mu knew that something was related to this. In the 1970s, the Tian Dynasty proposed a "five small industries" in the Fourth Five-Year Plan, namely: small coal mines, small steel plants, small fertilizer plants, small cement plants and small machinery plants. With these five small industries, they can basically meet the basic needs of a region and lay a preliminary industrial foundation for a region. As for subsequent development, it depends on the determination of the locals and their potential.

The Five Small Industry laid the foundation for the industrial takeoff in the 21st century of the Celestial Empire. Although the Five Small Industry has caused a certain degree of waste of resources due to repeated construction, in that special historical period, no one could erase the role of the Five Small Industry. It can be said that without the Five Small Industry in the 1970s, there would be no industrial ability that would be the world-leading in the 21st century.

At the moment of 1873, the fertilizer industry had just started and had not been widely used, so this option could not be activated for the time being, which did not have much impact on Cuba. After all, Cuba is not an agricultural country, and the domestic population is not large, and the demand for fertilizers is not urgent, so Li Mu focused his attention on the other four factories.

After all, the plan is just a plan. When it was actually implemented, Li Mu discovered that there were all kinds of mines in Cuba, but there were no coal mines. This made Li Mu finally plan to keep up with the meaning of the word change.

Well, it is indeed unreasonable to say that the Celestial Empire does not become the leader of heavy industry. In the Celestial Empire, two of the "Five Small Industries" that were so fish in water could not be realized in Cuba. Time? Life!

Well, it doesn’t matter if you don’t have food, you can buy it from the United States, and it doesn’t matter if you don’t have coal, you can still buy it from the United States. The only problem is that there is no money. This problem is the problem that Li Mu urgently needs to solve.

"Pipe, I need a bank." Li Mu found j·p·Morgan and wanted to completely solve this problem.

"No problem, Morgan Bank can open branches in Havana and San Diego to meet all your needs." j·p·Morgan did not understand what Li Mu meant.

"No, no, Pi Bo, you misunderstood. I mean, I need a bank that belongs to me." Li Mu emphasized.

"No problem, you can take the Morgan Bank in Havana and San Diego, and you can even control it. As long as you pay enough money," J·p·Morgan was still pretending to be stupid.

"Peber, I mean, I need a private bank that belongs to me, not a part of a joint-stock bank." Li Mu spread out and ignored the face of j·p·Morgan's pot bottom.

"Reim, are you dissatisfied with the services of Morgan Bank?" j·p·Morgan bluntly said that his family runs a bank. Li Mu's actions will definitely affect the interests of the Morgan family.

"No, in fact, Morgan Bank is the best bank I can find now." Li Mu was frank and implied that: Morgan Bank is very good, but not good enough to meet all my requirements.

"Then why do you have to build your own bank? Investment in the banking industry is not a simple matter. It is very different from the manufacturing industry. Besides, you don't have the corresponding staff, so I suggest that Reim, you should be cautious." j·p·Morgan strives to dispel Li Mu's idea of ​​opening a bank.

There is no Federal Reserve yet these days, and the US financial industry actually has no regulations. It is very easy to open a bank and can even issue its own banknotes. As long as the reserve is sufficient, the US government will recognize the purchasing power of the US dollar.

Since opening a bank is so simple, it is conceivable that there are so many banks at this time. In fact, it was because of Jay Cook's bank bankruptcy that triggered the economic crisis. During this economic crisis, hundreds of banks went bankrupt.

Compared with the 21st century, the banking function at this time was single, and investment and lending were the main business of banks, and they were not enthusiastic about absorbing savings. Of course, for large customers, all banks are welcome, but for ordinary people, they are not willing to deal with banks. Banks will impose high management fees on private accounts. If the money is saved, it is not even enough to pay the storage fee.

Although Li Mu in the 21st century was an otaku, he had dealt with banks a lot. In fact, banks in the 21st century have penetrated into all aspects of society. People can not deal with government agencies while they are alive, but they must deal with banks. Therefore, Li Mu loves and hates banks.

Love and hate are only in one thought. There are many reasons. Because of the understanding of the business provided by banks to ordinary people, Li Mu wanted to open a bank operating in the 19th century using the concept of the 21st century. Li Mu believed that in the 19th century, the bank would definitely not lose money.

"Piper, I want to ask for your advice, not to target anyone, you know, many banks are now insolvent, so talent is not a problem. I have no objection to your family's banks. In fact, even if I open a bank, we are still the best partners. I think you should understand this." Li Mu first dispelled j·p·Morgan's doubts, and then he could join forces to cheat people.

"If you persist, then what can I say--" j·p·Morgan gave up persuasion, just as Li Mu said, if Li Mu insisted, j·p·Morgan was powerless to stop it.

"Okay, actually if you know my position, then you will know that my bank does not have any threat to you, Morgan Bank. On the contrary, we are the best partners." Li Mu set up a trap for J·p·Morgan.

"Let me tell me-" j·p·Morgan was not in a hurry to draw a conclusion, and it seemed that he didn't give much hope to Li Mu.

"Listen, my bank is called Bank of America. To be precise, it should be called Caribbean Bank. You should know that I want to build Cuba into an economic center of the Caribbean region, so that it is inevitable to build a financial system. If you, Morgan Bank, are willing to focus your business on the Caribbean region, I am of course very welcome, but in fact you can't do it, so do we have to hand over this industry?" Li Mu knew the bottom line of j·p·Morgan, so he was not afraid to open up.

"No, we have no plans to get involved in the Caribbean now." J·p·Morgan finally carefully considered Li Mu's idea.

The financial centers these days are New York and London, so Morgan Bank's business focus is also in New York and London. For the Caribbean, j·p·Morgan knew that there was a future here, but j·p·Morgan is not the head of the Morgan family now, and the Morgan family cannot focus its business focus on the Caribbean. So Li Mu is right, Li Mu's Bank of America and Morgan Bank have no conflict.

Taking a step back, whether Li Mu, an arms dealer, can succeed in the banking industry rashly, is still a question. Therefore, the enemy of Morgan Bank is definitely not Bank of America, but other banks in New York, such as Goldman Sachs, and Mellon.

"Then there is no problem now. Morgan Bank is headquartered in New York, while Bank of America is headquartered in San Diego. I welcome you to open a branch in San Diego, because I will definitely open a branch in New York, so that I can mobilize my funds." Li Mu's picture was exhausted.

"I knew you wouldn't let the New York market go, but Morgan Bank also welcomes you to join, because Morgan Bank is never afraid of any competition. If you ask me for a professional manager, don't worry, as a partner, Morgan Bank will do its best to serve its customers." j·p·Morgan let go of his heart and is confident that he will not be afraid of the challenges of Bank of America.

"You will know in the future that this is definitely a smart decision." Li Mu was happy. J·p·Morgan is not a person without a bottom line like Rockefeller. J·p·Morgan will do what he says. As long as J·p·Morgan promises, he will definitely do it.

After dealing with the bank, Li Mu finally had the heart to focus on the ongoing negotiations. It was September. The United States of Cuba had besieged Havana for nearly a month. At the end of last month, the Spaniards exhausted their food and asked the United States of Cuba to send supplies to the Spaniards. George Dewey's humanitarian spirit always sent food to the Spaniards every day, but the portion was definitely insufficient, and only 30,000 people were provided.

In Havana, at least 50,000 people live.

"General Arsenho has given up those unrealistic fantasies. In yesterday's negotiations, General Arsenho admitted the legitimate rights and interests of the United States of Cuba and agreed to lead all the Spaniards to withdraw from Cuba, but demanded that their private property be retained." Sylvester personally reported to Li Mu, with a little excitement in his voice. Seeing that he could finally drive away the Spaniards, Sylvester couldn't control himself.

At Sylvester's position, being famous in history is what Sylvester pursues. No matter what, Sylvester is now qualified to write his name in history books.

"Yes, they are limited to leaving within three days." Li Mu also relaxed the conditions. To be honest, Li Mu's patience has been exhausted and he no longer wants to continue to get entangled with the Spaniards. Now he can't get any oil and water from the Spaniards. Focusing on making money is what Li Mu should do.
Chapter completed!
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