Chapter 958: 327, Raise funds, company goes public
Capital markets, cash is king!
This phrase holds especially true in the securities market.
When funds from Donnie, the Rothschilds, and Morgan, in incomprehensible amounts, appeared in the governnt bond markets of various European countries, these markets underwent a radical transformation almost instantly.
The Franc, which had been consistently devaluing, began to recover.
This situation was quickly noticed by the super speculators in Europe, led by Casting Grion. In order to continue their plan to push the Franc down to the price level at which they entered, within their set tifra, they had no choice but to increase their financial input.
After a few days of developnts, many began to understand the essence of this great battle!
Super speculators like Casting Grion were shorting French governnt bonds, which caused the Franc to devalue, allowing them to make a fortune in the process!
To maximize their profits, they could not allow the Franc to appreciate, which ant they had to continue shorting French governnt bonds!
On the other side, though not yet fully confird, it was widely speculated that the force leading the charge to go long on French governnt bonds was headed by the Rothschild family, which ant they naturally had to inject more funds to drive up the Franc.
From the mont this capital entered the market, this beca a war that no one could afford to lose—an irreversible conflict.
This financial battle in Europe drew significant attention from Wall Street in the United States.
Whether it was the “Wall Street Journal” or ABC’s financial channels, both reported on this issue nearly every day.
Although the battle was taking place in Europe, it had undeniable implications for the United States.
The devaluation of the Franc would directly result in the devaluation of the US Dollar.
But that didn’t necessarily an that all Arican securities firms hoped for the Rothschild family to win, because while the devaluation of the US Dollar affected them, if these firms had already bet on the Dollar’s inevitable decline, then they, much like Casting Grion and the others, would tacitly collaborate by shorting French governnt bonds—even without any formal coordination.
In essence, everyone involved in this battle was simply betting on the direction most likely to deliver personal gains!
As for whether the US Dollar would indeed devalue, it lacked any significance in the observation range of these players.
Of course, all things have opposing forces; while so aid to short French governnt bonds, others aid to go long, and though this was a form of gambling, many put their faith in the belief that going long on French governnt bonds would prevail!
In this matter, Wall Street had two particularly conspicuous securities firms.
Cummings Securities Company!
Gordon-Blalock Securities Company!
Cummings Securities Company had long been paying attention to European governnt bond markets, and when they witnessed Casting Grion and other super speculators completely pumling Austrian governnt bonds, they decisively joined the “feast” and participated in shorting French governnt bonds.
“Investigate, find out for who’s working against us!”
At this ti, inside his office, Dick Cummings, president of Cummings Securities Company, was furious.
As of now, the price of French governnt bonds had rebounded by 30% from its lowest point, aning the company’s investnt losses had already exceeded 20%. For Cummings Securities, this was intolerable.
If French governnt bonds were truly driven back to their original prices, the company would not only lose all the funds it had invested but also face bankruptcy and massive debt.
This would effectively crush them into the dirt.
Thus, Dick Cummings needed to determine who in the United States was aiding the Rothschild family in this battle!
anwhile, not far from Cummings Securities, inside Gordon-Blalock Securities Company, the two founders, Shaw Gordon and Damour Blalock, were discussing the sa issue.
In stark contrast to the chaos at Cummings Securities, the atmosphere here was notably relaxed.
“Let those super predators charge ahead, feast on the at and wine; we can just follow behind and sip on the soup,” Shaw Gordon remarked with a smile, smoke curling up from his cigar.
Damour Blalock, similarly smiling, added, “We really have to thank Paul for this. If it weren’t for Paul providing us with the information, we wouldn’t have dared jump into the fray so quickly!”
The “Paul” that Damour Blalock referred to was none other than Paul Warburg.
Shaw Gordon and Damour Blalock had both worked at Warburg Company previously. Like many Arican entrepreneurs, after accumulating sufficient experience and connections at Warburg, the two decided to set off on their own venture.
Paul Warburg harbored no resentnt over their decision; in fact, he beca Gordon-Blalock Securities’ first client. With Paul Warburg’s support and assistance, Gordon-Blalock Securities grew rapidly, developing into a near first-tier firm on Wall Street within just a decade!
Although Gordon-Blalock Securities was not a subsidiary of the Kuhn, Loeb & Co. consortium, their cooperation was exceptionally close. Gordon-Blalock Securities even held shares in several subsidiaries under the Kuhn, Loeb & Co. consortium.
As for whether those shares were held directly by Gordon-Blalock or on behalf of another entity, only they and Paul Warburg knew the truth.
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