"I am very happy to be able to stand here today. The United States is a rich and hospitable country. I have fully felt the enthusiasm during the few days here. This makes me feel that the United States and Romania are very compatible. Romania is also a beautiful place, where
With hard-working people and abundant resources, the economic exchanges between our two countries are also increasing day by day. From the initial investment of Standard Oil in Romania, now we can see the reflection of American capital in Romania in all walks of life."
"I think the two countries need to strengthen cooperation. Romania has a population of nearly 30 million (more than 25 million, rounded to nearly 30 million people), and a land of more than 400,000 square kilometers. In this land
It is rich in petroleum, coal, iron, gold and other resources. These require the Romanian government to invest a lot of funds to develop them. However, our country's finance is still in the initial stage of developing these resources and requires a large amount of external funds to develop them more effectively.
these resources."
"And your country happens to have these funds. As far as I know, your country is currently hoarding a large amount of funds and has no investment direction. Think about it, our country lacks funds to develop resources, but your country has a large amount of funds but no investment direction. In
I think these two countries can completely complement each other. Your country has earned enough profits from its investment in our country, and our country has grown and developed in it, and it can better resist the invasion of the red plague into the capital world. This
It’s totally a win-win result.”
In Congress, Edel stood on the podium and boasted to American lawmakers about the lucrative prospects for investment in Romania.
Regarding the current accumulation of capital in the United States, Edel combined his memories of previous lives and recent investigations and found that the hoarding is really very serious. Americans who made a fortune during the European War have no money at all after making huge profits.
Sufficient investment environment. Currently, U.S. capital can only invest domestically and in South America, and these places cannot accommodate these huge funds.
This is why the Dawes Plan later allowed a large amount of American capital to enter Germany to help it quickly recover its economy. And even Soviet Russia and Americans planned to enter. In the final analysis, there was still a surplus of domestic capital, and they needed to find an outlet. The defeated ones
Germany, the socialist Soviet Union, and the Republic of China, which was prone to wars, were all unavoidable choices. Europe and its colonies could not enter, so these were the only options available.
Edel's speech has obviously aroused the interest of many congressmen, or more accurately, the interest of the capital behind it.
"Dear His Majesty the King, we all know what you said, but can you be more specific?"
Faced with this congressman's amazing assist, Edel was certainly willing to be satisfied.
"Currently Romania needs a lot of funds for infrastructure, such as ports, roads, waterways, etc., and it also needs a lot of investment in light industries such as textiles and food that are related to people's livelihood. Of course, if you are not familiar with these aspects,
If you don’t want to jump in, our country will also issue five to fifteen-year government bonds, with the lowest annual interest rate reaching 5.5% and the highest reaching 10%.”
Edel's main purpose is to sell national debt, and this interest rate is also based on the Dawes Plan. Moreover, Romania is not a defeated Germany. I believe the capitalists behind Romania must have a full understanding of Romania's repayment ability.
.
In response to Edel's answer, the congressman who asked the question nodded and expressed that he was satisfied with the answer.
Of course not everything was so beautiful, then a sudden voice sounded.
"King Edel, so this time your country is here to sell national debt? As far as I know, most of the more profitable industries in your country are controlled by your government and the royal family. How can this guarantee our country's investment?"
With the funds, he can earn the profit he wants?”
Edel followed the voice and saw that it was a somewhat bald congressman who was asking about this topic. As he asked, many congressmen couldn't help but frown. State-owned and royal-controlled companies are too unfamiliar in the United States.
At the same time, they have an instinctive aversion to government intervention in the economy.
Faced with this acute local question, Edel knew that if the answer was not good, it would have a great impact on the purpose of the visit, but fortunately he was prepared.
"Congressman, thank you for raising this question. Before explaining this issue, I need to explain that this is a legacy issue from before. Romania did not want the government or myself to control the domestic economy at the beginning. This was all an opportunity.
The result of a coincidence. At that time, domestic capital was just too weak to support economic development, so the government and the royal family had no choice but to take the lead in developing heavy industry. But just after the initial development, the European War hit the country.
Let it develop even stronger, so that now domestic capital is completely unable to take over."
Eder's words made many congressmen's eyes light up. If domestic capital cannot take over, is it feasible for foreign capital to take over?
Those who responded quickly blurted out immediately. "King Edel, what do you mean?"
"Yes, if someone is willing to pay a reasonable price, then it is not impossible to sell some shares of these high-quality assets."
Edel expressed the thoughts of these people. The experience of later generations has already told him, so what if he sells some shares, 49% of the shares only have supervisory rights, and the controlling rights are in my hands, and there is nothing I can do about it.
.And you can take the opportunity to cash out some funds and use them for investment in other fields. It’s not perfect. If you want to take back your shares when necessary, and expand your investment, can you compare your capital with the country?
This is also the reason why Edel does not sell shares domestically. If it cheats domestic capitalists, the result will not be so wonderful.
The young American capitalists who do not understand these shady operations breathed heavily when faced with Edel's words. In their view, the Romanian Petroleum Company, Volkswagen Company, Ploiesti Machinery Plant, Lviv Steel Company, etc. are all
The fruits are tempting enough, and no one would want to win over these companies and ride on the rapid development of Romania.
So when Edel threw out this surprise, the members of Parliament Hill immediately became lively, without any restraint of the congressman, and it was as noisy as a vegetable market. It was not until the Speaker of Parliament looked so embarrassed that he knocked on the table several times before becoming quiet.
Come down.
Edel's speech on Capitol Hill was also praised by newspapers the next day. Many editors who didn't even know where Romania was, praised him as a far-sighted king who will surely bring great success to the Romanian people.
A prosperous life.
And these reports increased after Edel met with President Coolidge.
