Wall Street of the third generation chaebol

＜ To the German Empire. (1) >

“I am the head of the Reichsbank Koch.”

A key figure in the German Ministry of Finance.

Reichsbank is known as the central bank of the German Empire, and it was quite a giant.

‘You were lucky.’

Today I stepped out of the Treasury to negotiate with the tycoons, especially at Queen Victoria’s funeral.

The Ministry of Finance offered to attach bodyguards, but he refused. Because I didn’t want to put a tail on my business.

I was lucky in that sense.

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Of course not my luck…

‘Reichsbank, these guys were lucky.’

If it wasn’t for today, the German Empire would have refused to say hello or even made eye contact.

The Reichsbank governor of the German Empire, who approached me avoiding the eyes of the British government, looked at me with a bright face.

It’s kind of a strategic approach.

‘Your eyes are shining.’

“I’m the Chairman of the Detroit Fed.”

“Yes, I’m familiar with the reputation. Even if I’m stuck in the Reichsbank, I tend to listen to all the rumors going around the treasury or the financial district.”

“Is that so?”

“It’s amazing to listen to just a few things. The number of trusts you have and the credit law that united the entire New York financial district. I couldn’t help but be amazed.”

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Oh yeah

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One thing I knew for sure.

‘These guys. There is something.’

He was well aware of the German Empire’s pride and nationalist tendencies.

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Of course, it is true that Wilhelm Kaiser is a very liberal person from nationalism or Judaism, but it doesn’t seem to be the case with the yangban who spread the word about yellowing.

‘The emperor who was strong in his inner voice, but ate it up by shouting.’

that was kinda funny

This was not a characteristic of Wilhelm Kaiser, but a characteristic of the whole German Empire.

However.

It certainly wasn’t a friendly neighborhood, at least for Americans.

‘They eat rotten cabbage.’

Praise with intentions is awkward.

What’s your plan?

I wanted to finish catching up quickly and get to the point.

“Haha, I’m embarrassed that the governor of the Reichsbank knows so much about the outskirts across the Atlantic. It’s an honor.”

Let’s interpret it.

I’m an American you guys call a country boy, what’s your plan to grease your tongue?

“That’s. Harmony and peace between the two countries…”

“Of course, I feel like a chimney to contribute to the unity of the two countries, but I think there are a few things to check before that.”

What is the main point of the German Empire?

I hardened my expression coldly.

“What’s the point?”

“……”

The president of the Reichsbank rubbed his forehead hard, wondering if something was strange even if he thought about it.

“…Let’s take off the pretense.”

“That style. I like it.”

“I wanted to attract foreign investment to the German Empire, so I went to the Detroit Chairman.”

“Investment attraction?”

Germany?

What about Germany’s pride?

What about that Germany that fights with spit in the mouth of satisfactionism?

gave strength to the pod.

The number seemed a bit larger than expected.

‘The president of the central bank can’t talk nonsense.’

If it was Wall Street where conspiracy tricks were rampant, we would have to check whether it was nonsense, bullshit, or bullshit, but Reichsbank is one of the public figures of the German Empire.

These guys aren’t like this.

“The German Empire is very conservative and aware of foreign investment.”

“Haha, it’s because the investment in the German Empire has gone well so far, so I think God has protected us.”

“okay.”

Conversely, say.

It is said that the German investment market is in a serious situation. It is said that a big issue that can no longer be resolved for internal investors has arisen…

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One thing… it’s sensible.

“ha ha ha.”

“…why are you laughing?”

I know what

There is one story I heard during the Qing Dynasty.

Suddenly, I covered my face with my palms and smiled, and Reichsbank Koch trembled.

Chicken flesh was sprouting from the back of his hand, as if he felt a chill.

i think i know

“It’s Krupp.”

President Reichsbank Koch opened his mouth wide and closed it. No, when I thought about it calmly, I was able to get information that Krupp was swallowed just by looking at a German newspaper.

‘Krupp who worked so hard to eat it. It started to cause indigestion.’

The scenario is fine.

Reichsbank remained silent.

‘That’s right.’

“Personally, I was quite curious how the German Empire would handle that huge KRUPP, but it looks like a significant problem.”

“……”

“First of all, we have a total of $400 million in cash. We have $100 million available right now. The rest will take some time.”

It was 4 billion dollars.

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Only 10% of the total power is open.

“……What?”

That alone made his face go blank.

The governor of the Reichsbank pointed to me with a trembling hand.

“One billion dollars?”

Sir, you are very surprised today.

“Yeah, if it’s just cash equivalents, it’ll hurt your mouth to tell you the total assets, right?”

“Wow, that’s for sure.”

Governor Koch pulled his upper body.

His face was even more wretched.

‘Even though I’ve been digging into my weaknesses this far, if the reaction I get back is like this…’

I’m the go.

absolute armor.

I can afford it.

“Perhaps the German government is pouring out all the funds that will flow into the German Empire’s investment market into Krupp’s nationalization. There must be a problem that there is still a period of time before normalization.”

The Reichsbank president Koch thought.

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On the contrary, I think it would be more reliable if it was an investor with a sense of humor.

Sometimes when I meet financiers or investors, I usually spend a lot of time just talking about catching the clouds.

This guy pokes at pain with his sharp tongue.

‘I’m not the only one who serves as the chairman of the US central bank and the Fed.’

Rather, it was creating credibility and liking.

These skills were the skills required in the investment market.

“If Krupp eats everything like this, the small and medium-sized enterprises that firmly support the German Empire will be annihilated and only Krupp and other giants such as Thyssen will remain.”

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Only the deceased remain.

The Reichsbank governor’s face was now almost dead.

I grinned.

“Let’s review the investment promotion proposal positively.”

“Really-“

“But. I’ll do it with bonds. Let me decide the options on my own. Of course, the details are confidential.”

Convertible Bonds (CB)

Bonds that can be converted into stocks are one of the scams in the bond industry.

what a scam

This is because it is a two-track product that can be collected with bonds when the company is in trouble, but can be converted into stocks when the company is doing well to pump the asset value.

“okay.”

‘I’m not surprised.’

Imagine this.

This made it clear that the financial situation of the German Empire was very difficult right now.

Besides, convertible bonds themselves aren’t that evil. It was a market act in which companies transfused funds.

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Offer favorable conditions to investors.

So, if there is an urgent need, it is a law to be formed.

‘option. This is a scam.’

I smiled inwardly.

Surprisingly, there was one pioneer who had a terrible inspiration about how much juice should be extracted, and he is a famous yangban.

Warren Buffett.

The genius of investment and the price of convertible bonds.

When there is a blue-chip company that has fallen into hell for a short time, he appears like a hyena and cooks with convertible bonds.

because of the convertible bonds.

The company becomes Buffett’s piggy bank.

This is such a town.

“Oh.”

“What?”

“one more.”

I raised my index finger.

“Do you know Bayer, which is currently in a court battle over heroin?”

“Yeah, of course I… ah.”

“Our family is fighting a lawsuit. We want to invest or take over this place first.”

Heroin, who sent Jack Tracy to a goal to grab the back of Chairman John Pierpont.

It was in the midst of a legal battle for three years. Of course, the first trial was an overwhelming defeat for Bayer.

Chairman John Pierpont was pushing the stage without an agreement because it was his son’s business.

However, this is not a company that should be left as it is. It was also the first pharmaceutical company to commercialize aspirin, and it was still a place where they had to live to secure medicines to be used in the impending world war.

“Are you sure you want to?”

I shrugged my chin and smiled.

I was wondering how to bring it against the tricky Germany, but the pumpkins are rolling in.

I could see a blood clot on Governor Koch’s neck from my attitude.

When are you going to have such a big fight with Germany? Today, my appetite seems to have improved a bit.

***

“Yalmah.”

A major German bank.

Dresdner’s bank president, Yalmach Shacht.

He greeted the President of Reichsbank, who returned to the hotel room with green onion kimchi, with a bit of embarrassment.

“President Koch. Your expression is ridiculous.”

“He was said to be a hero on Wall Street, but there were no hyenas or wolves who negotiate very much. If there is a gap, they come in like fangs. People who are stabbed do not have a normal reaction.”

“The governor must have been stabbed.

under…

Governor Koch took a deep breath. It’s been a long time since I’ve felt being hunted like this in my entire life.

If it’s Prussia, it’s only a wolf gun.

‘If you look at the initial conditions, there were many vicious conditions.’

It was a transaction related to discretion and freedom to exercise in the investment market. To be honest, it was scary at first.

However, after negotiating, I realized only then when I started to recite Krupp one after another.

‘The youngest chairman of the US Federal Reserve (Chairman of the Central Bank). No one is doing this.’

The alarm rang.

The young man in front of him is clearly seeing the problems of the German Empire.

I know exactly what Krupp’s value is.

It was as if the calculations were made with formulas proven by physicists and mathematicians.

The trick doesn’t work.

“Even if I was stabbed, I was stabbed properly. He knew everything about Krupp.”

“Is that really true?”

Yalmach looked surprised.

In fact, Detroit had 90% of the information obtained by stealing Krupp’s patents through industrial espionage, but President Koch or President Yalmach did not know about it.

Anyway, the governor was nervous.

“Yalmach, I don’t know if this is the right path. It feels like we’ve given our freedom to the devil’s hand.”

“Well, I’ve heard that the Detroit director doesn’t interfere with management. Sometimes he’s just delegated command when the control tower is needed.”

“I know that too, so I’ve agreed to it.”

But what is this anxiety?

“Have you reported to Kaiser first?”

“I came to the audience as soon as I came back. First of all, they are satisfied with the successful investment attraction. They seem to want to focus on Krupp.”

“The problem is now.”

“Yeah, investment attraction is also investment attraction, but in the end, foreign capital. Krupp should be normalized quickly.”

To be honest, I wanted to pour Detroit Morgan’s funds into the normalization of Krupp, but I was told that no other country should have any stake in the corporation to be nationalized.

Kaiser flatly refused.

“Invest…”

In fact, it was decided

“Germany’s automobile industry, heavy industry, manufacturing industry, steel business, coal business, shipping business, etc., there are many places to invest.”

The German Empire is a country with strong small and medium-sized enterprises (SMEs).

Although the industries that are strong in each region were different, they were evenly distributed.

Industrial zones of Ruhr and Alsace-Lorraine.

Stuttgart or Munich in the automobile industry.

Germany was an advanced country not only in heavy industry but also in chemical and pharmaceutical science and technology.

Its advanced technology and scientific power could not be easily surpassed by European powers.

However.

So it tightens the lifeline of the German Empire even more.

“…The technology industry requires large-scale investment. In the case of chemicals and pharmaceuticals, tens or millions of dollars are ridiculously broken.”

Now focusing on Krupp.

The poles to finance them are short-term, but not for the time being.

Are you short-lived and abandon them?

The German Empire’s technological prowess retreats for several years.

‘If you can’t move forward, you’re only going backwards.’

The German Empire was keenly aware of this fact.

But does that mean giving up on Krupp?

Can the militaristic-based Prussian Junkers keep their eyes open?

‘Never.’

“haha…”

Reichsbank’s president, Koch, smirked. He ruffled his face with both hands.

“This is a total outlier.”

Detroit Morgan.

I think it’s going to be the best dinner for that Wall Street hyena.

My stomach was twisted.

***

“ね.”

After the first round of negotiations with the German Empire ended.

I groaned and returned to the treasury. James, who came to meet me, sent me a questioning look.

“Are you in a good mood?”

“Oh, you see? That’s the correct answer, it’s great. It can’t get any better than this. Good.”

Germany, who treated the United States as a second-class power, had a high nose.

This opportunity allowed me to invest or acquire useful things.

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Of course, there were restrictions on the export of technology and other restrictions, but what a delicious prey for the German Empire as an investment opportunity. My saliva was drooling.

“It’s like a giant prey walking towards me.”

Time to hunt.

I curled my eyes in the shape of a crescent moon.

＜ To the German Empire. (1) > end