blackstone code

Chapter 2526
Connor's question was not difficult to answer.

When the Federal Reserve Banks were set on fire, they really had no choice.

Even if it seems that they still have a lot of options to choose from, they actually don't have any.

The federal people's hatred of "monopoly" is very comprehensive. No matter whether this hatred comes from their own hearts or it appears after propaganda and brainwashing, in short, it is real.

Only a country like the Federation and a society like this can have such a situation.

People are so involved in political events!

When public opinion is coerced into a tsunami, no one can stop it!

"It is inevitable that they will make concessions. The question now is just how far they will make concessions this time."

"Is that how you see it?" Connor was a little surprised, "Just giving in?"

"No..." He shook his head, recalling the results of dealing with the monopoly group in the past, "... split or something?"

In the context of Connor's development of this matter, he believes that the most likely outcome is that the Federal Reserve Bank is split into two parts.

The first part is the Federal Savings Bank, which is actually the current Federal Savings Bank, which is no different from the past.

These businesses do not involve monopoly, so they can be completely preserved.

The other part is the issuance part, which may be split into an institution like the "Federal Currency Issuing Corporation".

Then the federal government changed the distribution rules to make it compete with more companies that were formed later.

And this kind of approach that seems to solve some problems but has no practical nature to solve the problem can bring the most direct results——

The Federal Reserve Bank no longer has the right to issue, nor is it the sole issuer of money.

Once the distribution is independent and the distribution system is changed, the power of the Presidential Palace will actually be further strengthened.

On the issue of currency issuance!

Congress has not jumped out to express its position until now, and no one has come to talk to Connor about this issue, because everyone has discovered that doing so is beneficial!

And the benefits are great!

As a result of the tight control of distribution rights by the Federal Reserve Banks, the federal government has very little control over the Federal Sol.

Holding the actual power of currency, very attractive!

They also hope that this lawsuit will resolve these issues as it has --

When someone controls steel, we break it up.

When someone controls coal, we split it.

When someone controls oil, we break it up...

Someone who doesn't want to be split?

Then kill him!
One by one, one by one, the power of the federal government is getting stronger and stronger, and it is no longer like in the beginning, even the money to maintain the operation of the federal government has to be borrowed from capitalists!
I have to pay the fucking IOU!
Now, there are capitalists who are willing to provide the federal government with all the funds it needs, and there are also capitalists who are willing to provide specific politicians with considerable income.

This is a long war.

The war between politics and capital has never stopped!

Lynch shook his head and gave Connor a negative answer, "The possibility of splitting is unlikely, although you may find it ridiculous when I say this, do you really think that the Federal Sol is a currency promoted by the federal government?"

"No, it's a currency promoted by the Federal Savings Bank, which started from a relatively narrow period of coverage and covered the entire Commonwealth based on the increasing control of the land by the Federal Government."

"Even now it's popular around the world, at the end of the day, it's the currency and the monetary system that belongs to the Federal Reserve Bank, and if you were to break it up, or bring in more institutions to issue it."

"With their unwillingness to make concessions, we can only issue a new Federal Sol."

"Maybe it can't even use the word 'Thor'."

This principle is actually not complicated, just like the chips widely used by Slem now.

Now it is only used as a currency in one state, and as its value and influence continue to spread outward, if one day, the entire Nagalil starts to use chips, then it is equivalent to a major currency in circulation.

The ownership, management rights, and use rights of chips are all in the hands of the industry committee.

But at this time, some people, such as the New Federation of Nagalil or the federal government, want to prevent the industry committee from manipulating the "currency".

The only thing they can do is not to take the power of issuing chips from the industry committee, but to find a way to come up with a new chip or a new monetized commodity to compete!
As long as the currency is returned to the commodity itself, the problem is actually very simple.

The Federal Reserve Bank issued a commodity called Federal Sol, which monopolized the entire federal settlement field, and now everyone wants to initiate an antitrust lawsuit against him.

But this kind of commodity is a "privatized" commodity. You can prevent them from producing it and then distribute it to the outside world, but you cannot ask them to directly change the ownership of these commodities.

If they can't reach an agreement, and they are unwilling to make concessions or accept splitting, then the federal government actually has no good solution other than to use a new currency system to replace the old currency system.

And there is another problem here, who will pay for the losses of ordinary people, and who will bear the various costs incurred when the currency changes?

These losses, expenses, may be more than the printed currency denomination itself!
And it will also collapse the current popular settlement system based on federal currency!
Lynch explained the development of this case to Connor patiently and in a very simple way. It will not be split up, only continuous in-depth communication, discussion, and mutual compromise.

Connor didn't expect things to become so complicated at first, he thought it was a very common monopoly lawsuit.

Split it up, and then allow more capital to enter the market. Except for those who were split up, everyone laughed.

Because the benefits are in place.

But now that Lynch said this, he felt a huge trouble, at least a lot more trouble than he imagined.

"So if they compromise, what will be the result of the compromise?" Connor finally believed Lynch's words and sought the answer.

Lynch lit a cigarette, crossed his legs, put his elbows on his knees, and leaned forward slightly. He took a puff of the cigarette, and slowly exhaled, "Share shareholding adjustments, adjustments to the entire shareholding rules..."

"The stability of the Federal Reserve Bank has a very important impact on the federal economy, finance, and even the world's economy and finance, so it cannot undergo major changes."

"The only thing we can do is to make some changes in the ownership structure of the Federal Reserve Bank and let more people join it."

"I, you, or others may all be one of its shareholders. When the whole society participates, there will be no question of monopoly or non-monopoly."

Connor thought about Lynch's words seriously, and finally he came to a conclusion——

I am a fool.

"That means the outcome of this lawsuit is actually just to determine how much concessions they will make, and nothing else, right?"

Lynch stared at him for two or three seconds before nodding, "I'm glad you have such an accurate perception."

Connor was a little embarrassed, he could hear the little sarcasm in Lynch's words, but being a friend didn't bother him at all.

He walked up to Lynch and sat down, putting his arms around his shoulders, "You're so fucking smart, so is it necessary for me to be so smart?"

He shook Lynch vigorously, and the cigarette ash in Lynch's hand was shaken off, "Huh? Is it necessary?"

Lynch took a puff of cigarette and pressed it into the ashtray, patted some marks left by the soot on the trousers, and said helplessly, "It's unnecessary, it's okay, my trousers are all dirty!"

Connor laughed. He didn't regard Lynch as his "junior" at all. In fact, there was a 20-year difference between them. In his opinion, Lynch was more like his peers!

Now that he had a clearer understanding of the whole thing, Connor asked about the next developments.

"Do you want to talk to them with the presidential palace as the main body, or let Congress come forward?"

Naturally, the presidential palace will take more benefits if the presidential palace comes forward.

Let Congress come forward, and Congress has more benefits.

It looks like it's the same, someone has to take the lead, but it's not quite the same.

If the Presidential Palace takes the lead, the Congress will exert certain pressure on the Presidential Palace.

Such an important thing cannot be controlled in the hands of Congress, how could they be willing?

But if Congress takes the lead, the presidential palace will not put too much pressure on it.

Because the President changes every once in a while, but the Congress stays the same!
It is difficult to find a suitable heir for the president's political assets, but MPs can always nominate whoever they want to take over their jobs.

If it is said that public opinion plays a large role in the change of the federal president, then the role of political power is the core in the change of members of Congress.

The former is difficult to inherit and inherit, but the latter can easily maintain a high degree of political stance between the inheritor and the inheritor!
"Leave it to Congress. You only have a maximum of eight years in office, but your influence on Congress is a lifetime thing."

Connor also thinks so, even if he quit the job of the president, he still has a way to influence the decisions of the MPs through some means.

The two reached an agreement, and the next day Connor called a few senators who had a good relationship with him to discuss this issue in the presidential palace.

The elders in Congress are also very concerned about this case. Naturally, they quickly reached a consensus on who will take the lead, and have some preliminary plans.

In the afternoon of that day, the news that Congress might establish a "Federal Currency Issue Committee" spread quickly...

(End of this chapter)