Manhattan Reborn 1978

new York.

Evening~

Manhattan.

42nd Street, above Wildfire Bar.

David originally planned to finish recording the show and take Gerald, Kanes and Holm to spend a "farewell bachelor party night" ~

As a result, he first received the news from Odis Parker, and then saw Lilith who was sent back by Giles, Pine and others. After handing a jewelry box to Laura, "Little Tail" cried . .

Emm. .

After David's painstaking "education" and everyone's playful teasing, he finally got the "little tail" Laura. .

. . .

While having dinner at home.

David introduced Gerald, Carnes and Holm to everyone.

The three of them did not expect to meet the children of old Morgan’s family so soon~

David and his friends Blumer and Giles worked together as "mediators" to make the atmosphere at the dinner table very relaxed ~

After everyone had eaten and drank enough, David suggested that we go back to the top floor to rest + relax and chat~

Gerald, Kanes and Holm all smiled and rejected David's invitation. After saying goodbye to everyone, they left and returned to the hotel.

----

on the way.

The three of them were all thinking about their own concerns, and no one spoke~

It wasn't until the car arrived at the Plaza Hotel and the three of them entered the elevator that Carnes asked Gerard: "What David talked about... were all bank-related topics..."

"And he also specifically mentioned the importance of financial derivatives such as variable interest rate loans + mutual funds + MBS + futures contract hedging to innovative business in the banking industry."

Jellal glanced at the open door of the elevator, walked out first, stood in a corner and said to Holm and Kanes who followed them.

"He mentioned J.P. Morgan, Chase, Mellon, the Federal Reserve Bank of America and the Federal Reserve Bank of New York~"

"He didn't mention the bank in which our family has a stake and... the bank in which your family has a stake!"

"why?"

"Doesn't he know?"

"He must know!"

Holm smiled and raised his eyebrows: "In recent years, Congress has been divided between two factions over whether to continue to implement the Bank of England Act of 1946."

“On the one hand, we advocate loosening the supervision of banks and using a more relaxed financial environment and relatively complete regulatory policies to help the government control inflation.”

"The other side believes that inflation itself is due to the government's too loose management of financial institutions and banks. As a result, the current British government's supervision of banks is characterized by self-regulation of financial institutions as the mainstay, supplemented by the supervision of the Bank of England. "

"Hehe~"

Holm saw Karnes' slightly surprised expression and continued to explain.

"This kind of supervision is not based on strict, formal laws and regulations, but through... well-reasoned moral persuasion and other methods to establish a good foundation of mutual trust + joint cooperation between the supervisor and the supervisee~"

“However, this method of self-regulation has obvious advantages and disadvantages~”

"The advantage is that it is flexible and has management flexibility..."

"The disadvantage lies in the human factor, which is more likely to become the hardest hit area for risk outbreaks."

Karnes raised his eyebrows with a strange expression and said jokingly: "Moral persuasion?"

"Is the agreement between British gentlemen used to control financial markets?"

"It all depends on...consciousness?!"

"Hahahaha~"

"Is there any difference between this and no supervision?"

Jellal and Holm looked at each other and both smiled and shrugged.

Holm glanced at the room attendant who was watching from a distance on the other side of the corridor, and spoke faster.

"Judging from the situation in London this year, next year, the position of Prime Minister in Congress is very likely to change hands~"

"Those MPs who have been clamoring for strengthening banking and financial supervision will definitely propose amendments to the Bank of England Act 1946~"

"By then, the new banking and financial industry supervision method that combines legal supervision + bank self-discipline will cause another disturbance... No one knows now!"

"That's why David first mentioned to us that regulation in the United States is in chaos, and the federal government will slowly relax regulation under active lobbying from all parties~"

"Let more domestic savings and loan banks in the United States take advantage of the increasing number of financial derivatives and continue to survive in an environment where interest rates are expected to continue to rise~"

"And the Federal Reserve has adopted the method of raising interest rates to curb the inflation index. Now it seems that this will be the general trend~"

"After all, the inflation situation in the United States has become an economic issue that the whole world is paying attention to!"

"Many fans of monetarism and free markets have been impatient for a long time!"

Holm tilted his head and glanced at Gerald, and continued: "The Federal Reserve of the United States has raised interest rates, the interest rates on short-term U.S. Treasury bonds have risen sharply, and the fact that investment income is higher than the interest rates on long-term Treasury bonds is not news!"

"It already happened three years ago~"

"That's why David cited California's withdrawal from adjustable-rate loans in 75 and the Chicago Stock Exchange's launch of futures contract financial derivatives as examples!"

"Because from a time point of view, their emergence has just solved the problem that banks in the market that have purchased too many long-term government bonds may face book losses~"

Holm had a complicated + worried look on his face and whispered faster.

"What if: The Federal Reserve elects a Federal Reserve Chairman next year who firmly supports controlling the money supply to solve the inflation problem."

"The inversion of short-term Treasury bond interest rates in the United States will definitely happen again!"

"The combination of rising U.S. bank deposit interest rates + rising short-term Treasury bond yields + serious inflation in other countries + not following the U.S. in raising domestic deposit interest rates + the profit-seeking nature of hot money in the international financial market..."

"It will definitely accelerate the return of rice dollars circulating in financial markets around the world to the United States!"

“Where will this money go after it flows into the United States?”

“The number of short-term Treasury bonds is limited!”

"Will the Bank of the United States accept these huge deposits and turn them into liabilities?"

"No! Definitely not!"

"Then...combined with the geometric growth of the total amount of money market mutual funds predicted by David, the total amount may exceed [-] billion yuan in the next three years...it's not surprising!"

"And what financial products do mutual funds buy?"

“Corporate debt!”

"A large corporate bond rated AAA by Wall Street, with good credit and strong solvency!"

"Then... I will combine it with the news that David just shared with us~"

"Iran will officially announce the suspension of oil exports tomorrow."

"The tragedy of the last oil crisis that swept across the world is still vivid in our minds!"

"What about this time!?"

"These large companies in the United States issued corporate bonds in order to survive the oil crisis. After a large amount of rice dollars poured into mutual funds from abroad, they purchased..."

"As long as they can survive the dark moments of the second oil crisis + inflation in recent years + maintain the company's stock price + stabilize their existing market share and investor confidence, they can accomplish this. Complete self-transformation..."

Holm stopped here, his eyes fell on Jellal's stern face, and he whispered: "These are just some speculations that I can think of for the time being~"

"As for what David said about domestic savings and loan banks in the United States having a single profit method, in the era when the Federal Reserve maintains high interest rates, will the possible wave of failures and bankruptcies be transmitted to foreign countries, to London, or even to the entire Europe?"

"I don't know either~!"

"Hi~"

"But I'm sure of it!"

"If we really follow David's idea, development will come first~"

"In a few years, at least one-fifth of the savings and loan banks in the United States will disappear!"

"It's even possible that this ratio will be higher...!"

. . .

Jellal crossed his arms across his chest and stared at the wall not far away, frowning with a very blank look in his eyes.

Karnes followed Holm's analysis and thought carefully for a moment before shaking his head with a wry smile.

"When the Federal Reserve raises interest rates, domestic savings and loan banks will have a hard time. Are the foreign banks in the United States going to have a better time?"

"Our family's business is all related to banking and finance."

"David's program sponsor should also..."

"It's Wisler!" Jellal suddenly interrupted Karnes and said with certainty.

"Um...how do you know?"

"Hehe~"

"WGM is the abbreviation of the first letter of the name-Weisler G. Morgan!"

"..fxxx!"

Kanes felt that he had been tricked by that boy David, and he cursed~

Holm chuckled, let out a sigh of relief, and said seriously: "I think it's right to ask him to form MFO together!"

"But the staff in MFO can't all be David's people..."

"Kanes, you must hurry up and arrange for a few trustworthy people to join mfo!"

"I got it~" Kanes waved his hand nonchalantly~

He patted Jellal on the shoulder and said with a smile, "What are you thinking about again?"

"Aren't you tired?"

"Hehe~"

"With that kind of brain you have, it's all in vain to think so much!"

"..." Jellal had a cold face and raised a middle finger towards Karnes. .

"Hahahaha~" Kanes returned the middle finger proudly and wandered towards his room.

Holm took out the room key from his pocket and asked Jellal in a low voice: "Shall we call home first when we go back?"

"...Okay!" Jellal hesitated for a few seconds, sighed and nodded~

----

Manhattan.

42nd Street, above Wildfire Bar.

top layer.

Butler Acklade and his maid Chasida followed Susan and Cui Yingying and brought a lot of after-dinner desserts and drinks to everyone~

David, Giles, and Bloomer, who had just finished their "unfriendly interaction", lay on the carpet in "different postures" and were dressed roughly. .

Pine, sitting alone on the single sofa, watched the three people's "performance" with satisfaction, smiled and thanked Susan and others, and accepted the desserts and drinks~

Laura held Lilith in one arm and Grace in the other, and the three of them sat on the sofa with their legs curled up, whispering something.

. . .

When David saw Susan and Cui Yingying put down their things and wanted to leave, he got up and chased after them, asking them a few questions in a low voice.

Susan said that Polly had just called and she would go home directly from get off work tonight, but she didn’t come over~

David pulled the two of them back to the edge of the carpet and sat down, acting as humanoid cushions~

He kicked Bloomer's butt with his foot, turned to the three Laura girls on the sofa and asked with a smile.

"What are you talking about?"

"Humph~"

"Little Tails" Laura snorted arrogantly and rolled her eyes at him~

"Hey~ you heartless little bastard!"

"Hehe~"

Everyone saw that Laura was not ashamed, but even sneered at David, and they couldn't help laughing~

"Hahahaha~"

. . .

After a few people talked and laughed for a while.

Grace stroked Laura's hair with her hands and smiled at David: "I haven't thanked you yet... There's a Thanksgiving gift!"

"Thank you for what?!"

"We will be a family soon!"

"..Haha~"

Grace glanced at Susan and Cui Yingying behind David, turned to look at the smiling Pine, and Giles who was lying on the carpet eating dessert, and said helplessly.

"Your... you are so thick-skinned!"

"Hahahaha~"

"Thank you for the compliment!"

"You are too polite~"

"..." Grace was speechless~

Seeing the look on her face, Pine couldn't help but smile and said, "Speaking of Thanksgiving...do any of you know its origin?"

"Oh?"

David turned to Pine very curiously, eager to learn and waiting for his explanation. .

"Hehe~"

"Then let's start with...the Mayflower~"

"Uh... You're here again?!" After hearing what Pine said, Giles, who was lying relaxed on the carpet, covered his forehead with his hands and complained.

David glared at him angrily, turned to Susan, and asked her to turn off the lights to create some atmosphere. .Better atmosphere~

Susan, stood up with a smile and turned off the light~

David leaned into Cui Yingying's arms and made an invitation gesture to Pine.

Pine pondered for a moment, then slowly said~

"The Mayflower was not the first immigrant ship to sail from England to the United States, but it was the most famous ship in history."

"On this three-masted sailing ship that sailed from Plymouth, England, to Massachusetts, there were 102 people on board. Among them, there were nearly 40 Puritans and craftsmen, fishermen, farmers, and 14 indentured servants."

"On November 1620, 11, after nearly two months of sailing, the Mayflower~"

"The Mayflower Compact, signed by the 41 free adult men on board and pledging to abide by it, laid the foundation for self-government in New England and Massachusetts!"

Pine saw a trace of confusion flash across the faces of David, Cui Yingying, and Susan, and explained with a smile.

“What we now call Puritans are the reformers who wanted to purge Anglican Catholicism.”

"They believe in Calvinism and believe that the Bible is the only highest authority, and no church or individual can be the interpreter or defender of traditional authority."

"However, some people later believed that the Puritans were not just a sect, but an attitude, a tendency, and a value. It was a collective term for the beliefs of a group of believers."

"They advocate a simple, realistic life of believers in which everyone is equal before God."

"Because it was during the era of the Puritans that the concept of profession really appeared in human history."

"The word profession at that time was calling. Calling contains the meaning of: calling, calling, calling, calling ~ It means: God is calling you in heaven and commanding you what behavior you should behave."

"In the Puritan understanding, a career is a task that is called, summoned, ordered, and arranged by the God in the world. The completion of this task is not only the responsibility and obligation of each individual's talent, but also a way to thank God. An act of calling.”

"However, it is also the Puritans who believe that faith in God and salvation are purely personal..."

"They do not accept the authority of the Vatican, the Pope, or the Archbishop of Canterbury as acting on behalf of God."

"This resistance to authority also extends to secular power...that is, the royal power and the church~"

"Their extremely disrespectful attitude towards the royal power and the church made King James I of England extremely disgusted and repulsive, and began to oppress these Puritans~"

"That's why the Puritans on the Mayflower crossed the ocean and came to the United States to find more living space~"

"But choices always come with a price!"

"In the 17th century, sailing ships sailed across the Atlantic from Europe."

"The Mayflower and its crew members not only had to face many difficulties such as storms at sea, hunger, disease, malnutrition, etc.~"

"After they arrived in this strange continent, they had to survive very hard without a place to stay, no farmland, no medicines and supplies."

"But just like...since you choose to pursue freedom, you must bear the risks that freedom brings~"

"It is one of the core values ​​that runs through American history!"

"People recognize it... the positive correlation between risk and return!"

"That's why so many people come to this continent and find the freedom they pursue in their hearts!"

"On November 1620, 11, the Mayflower arrived in Plymouth, Massachusetts, and settled there~"

"Many people are now saying that these immigrants from Europe have seriously violated the interests of the local indigenous Indians."

"But I personally think that in that era of bloody melee when the whole world was under the rule of various empires..."

"Boston can only be regarded as a relatively large tribe on this continent~"

"It does not have the protection of a well-armed army, a sufficient population, a reliable food source, etc."

"It's really hard to talk about... whether it's justice or not!"

. . .

Pine paused for a moment to make sure David understood something from his eyes and words before continuing with a smile.

"The people on the Mayflower, in the first winter, due to lack of food, cold weather, rampant infectious diseases and overwork, more than half of this group of Puritans died at once."

"The next spring, the local Indian tribe chief Massasod led the kind-hearted Indians and gave the Pilgrims grain seeds and taught them hunting, planting crops, fishing, etc."

"With the help of the Indians, they had a great harvest that year."

"The first governor, William Bradford, suggested setting up a festival to celebrate the harvest and thank God for his blessings."

"At the same time, he also wanted to use this festival to strengthen their harmonious relationship with the Indians."

"So, on Thursday in late November 1621, they and the 11 Indians brought by Massassod gathered together to celebrate the first Thanksgiving in American history."

"The men go out hunting and catching turkeys, while the women make delicious dishes at home using corn, pumpkins, sweet potatoes and fruits~"

"In this way, they and the Indians gathered around the campfire, eating, chatting, and singing and dancing. The entire celebration lasted for three days."

"In 1789, the first President of the United States, Washington, officially designated November 11 as the first nationally celebrated Thanksgiving Day."

"However, for a long time, each state has set the holiday date according to its own situation."

"It wasn't until 1941 that Congress, with the approval of President Roosevelt, passed a bill declaring the fourth Thursday of November each year as a national Thanksgiving Day."

Pine looked at the three women on the sofa and saw that Laura and Lilith both lowered their heads and said nothing, so he continued with a smile under Grace's slightly complaining gaze.

“Boston is not that big for tourists~”

“Almost all the scenic spots worth visiting are squeezed into an area of ​​about three square kilometers~”

“But Boston is also the oldest city in the United States!”

“It’s home to Harvard University, MIT, the New England Conservatory of Music, Berklee College of Music, as well as one of the best hospitals in the country, Massachusetts General Hospital, one of the largest orchestras in the country, the Boston Philharmonic, one of the largest museums in the country, Boston Art museum, etc.~”

“After many people have been to Boston, they joke that people living in Boston speak with strange non-reflexive accents, are serious, silent, self-proclaimed, and very xenophobic~”

"It seems that they are active in their own small circle all day long, and it is difficult to accept friends from outside."

“It’s completely different from other places in the United States!”

"Especially compared with the free cities of Los Angeles and San Francisco (San Francisco) on the West Coast, it is more like a wealthy and ancient European city."

“Some people even joked in public that there is a caste system in Boston!”

"Similar to the high-caste Brahmins in India, they dominate Boston's upper-class social circles~"

"For example: Addams family, Forbes family, Cobot family, Lowell family, etc.~"

. . .

Pine reached for a glass of juice, took a sip, and let out a sigh of relief~

He saw David also became silent and lowered his head, thinking, and couldn't help but raise his eyebrows slightly and said again.

"The Cobot family, once known as the first family in Boston, made their first pot of gold in trading activities around the world in the early [-]th century."

"The trading activities conducted by George Cobot include: slave trade with Africa, tobacco, fur, salt, iron, sugar, etc. trade with European countries~"

"The representative of the Forbes family, John Murray Forbes, started the opium business in various Asian countries from the time he became the family heir at the age of 16~"

"Later, he invested the money he earned in the Michigan Central Railroad Company and opened several financial companies~"

"Since then, the Forbes family has followed in the footsteps of the Cobot family and become a famous wealthy family in Boston!"

"The Addams Family!"

"It has played a very important role in many wars and revolutions in the United States!"

"Samuel Adams, known as one of the founding fathers of the United States~"

"John Adams, the second president of the United States and the author of the Declaration of Independence, was a member of the Adams family."

"From opposition to the Stamp Act to the Boston Tea Party~"

"From the First Continental Congress to the firing of Lexington..."

"The Addams family has always stood in the trenches against the British and rushed to the front line!"

"However, the Addams family already had quite high popular prestige before the American Revolution~"

"Samuel Adams and John Adams, both graduates of Harvard University."

"John Adams defended the British soldiers in the Boston Massacre in court and did an outstanding job in defense~"

"But at that time, their confrontation with the British also meant that... they had to risk being charged with treason at any time and be threatened with death by being broken into a car..."

"In addition, the Lowell family is a special case family whose name is unknown to many people today!"

"it.."

. . .

Pine continued to talk~

David seemed to be stuck in an endless loop of thinking~

While his mind was constantly receiving information from his ears, many new questions kept popping up~

As for these questions, Pine may not be able to give him an accurate answer. He can only find answers to old Morgan, Julie or Weisler~

That's it. .It made him feel very uncomfortable!

Because none of those three old foxes are. .Honest guy~