Chapter 1251 The destruction of Citibank Chapter 1252 The Rockefeller Group (seeking the moon)(1/2)
The press conference held by John Rockefeller Jr. was so large and serious that it was no longer the form of a press conference, but it was more like a special report and hearing of a government unit.
On this occasion, facing the media across the United States, in front of so many people, the Rockefeller Consortium tried its best to make one goal: no matter how to convince the people, let them develop confidence in the Rockefeller Consortium and let them develop confidence in Citibank.
They were about to do it. They announced the current internal situation of the Rockefeller Consortium and even listed all the company's financial statements in detail. Such things were absolutely impossible before. Because as a consortium and an economy, the company's financial status and company's financial statements are absolutely a huge secret. Not to mention being published, even research can only be seen by senior officials of the consortium. But now, the Rockefeller Consortium can no longer control so much. The situation is critical. If they can't provide any evidence to restore the public's confidence, everything will be over.
The detailed reports, combined with the notarization of the federal government and the testimony of major Wall Street groups, really made the media and the public very satisfied. Many people at the scene nodded frequently while watching.
If Rockefeller's series of casualties had caused the public to lose confidence in this consortium, then they were at least satisfied at this point, that is, although the Rockefeller consortium has suffered heavy losses now, it is that although the lean camel is bigger than a horse, and it is auctioned with dozens of subsidiaries. With the sale of the five major subsidiaries of Mobil Oil, at least they can maintain the status quo in terms of funds and maintain the operation of Citibank.
This also gradually made the hearts of people who were already nervous. From this point of view, John Rockefeller Jr. is about to succeed. As long as the people's emotions can be stabilized, everything will be easy. This difficulty can be overcome. Then the Rockefeller consortium will not face the fate of collapse.
But just when they were happy, just when they were secretly relieved, a news came from the onlookers, and even if the entire scene turned into a sea of chaotic things!
"Citibank collapsed! DuPont Consortium withdrew its shares!"
I don't know how John Rockefeller would feel when he heard this sentence. But I know, this guy is definitely not feeling well.
Next to him, little John Rockefeller, who was sitting in the wheelchair, shook his body and fell from the wheelchair. He fainted on the spot.
The scene was in chaos, and John Rockefeller, Little, commanded personnel to rescue his father while comforting the scene. But at this time, no one was willing to stay here. For the media, the news value of the news of the withdrawal of DuPont Consortium is far higher than that of this press conference, and they have to report on it as soon as possible. For the people, they have no intention of staying here. Once the DuPont Consortium withdraws its shares, Citibank will have a fate that no fool can think of. They must squeeze to Citibank as soon as possible and withdraw their hard-earned money from it. Otherwise, they will really have nothing.
The representatives of Wall Street consortiums on the scene were even more dispersed. They were experts and understood the significance of DuPont's withdrawal of shares. Wall Street consortiums will definitely be greatly affected by this incident. They must start to consider their own countermeasures again. As for the representatives of Congress and Roosevelt's representatives, there is naturally no need to stay here.
So, in an instant, the bustling press conference scene became empty, leaving only scattered tables and chairs and the top leaders of the Rockefeller Consortium in a daze.
I think those guys never dreamed that their partners would kill the throat at this critical moment! Not only did they not expect that. I think most people did not expect that such a thing would happen.
But that's how it happened. It was almost cruel.
Just shortly after the Rockefeller Consortium's press conference began, the DuPont Consortium began its action. Under the orders of the old DuPont, the DuPont Consortium took almost the largest action ever. Not only did they throw away all the Rockefeller Consortium's stocks, they also drew back nearly 7 billion US dollars invested in the Rockefeller Consortium.
This action is like cutting the throat of an elephant and then pulling out its ribs!
Citibank was struggling to support it before, and the reason why it could be supported was, on the one hand, because the funds obtained from the Rockefeller Consortium filled the hole through auctions and sales, and on the other hand, because Citibank also had at least half of the funds and equity of the DuPont Consortium.
The DuPont Consortium has not had any turmoil. The consortium is very stable and has sufficient funds. With the DuPont Consortium in it, the Rockefeller Consortium is very relieved, because as long as the DuPont Consortium can hold on, Citibank will not collapse or collapse.
But now, after Old DuPont has played this move, it has obviously completely ruined the future of Citibank.
The DuPont consortium sold all its shares in Citibank and froze its $7 billion investment in the bank, which completely collapsed in the stock market. The selling frenzy caused by the DuPont consortium's selling of stocks was simply unbearable. The funds invested also asked that Citibank was already empty.
In addition, Citibank will face the withdrawal frenzy that is coming in!
What does this mean? It not only means that Citibank, which was originally known as the pillar of the Rockefeller Consortium and the aorta of the US economic arising, will completely collapse, but also means that the vicious vortex it forms will completely drag the Rockefeller Consortium into it. The Rockefeller Consortium not only loses Citibank, but also has to pay for the losses caused by Citibank. At least they must repay those people who request to get their deposits back!
"Just just now, an explosive news came out. I think the news has spread throughout the United States now! Citibank, this historic bank, the bank that once dominated the American banking industry and was called meat grinder, today, if no miracle happens, it will reach the end of its life!
"We don't know why the DuPont Consortium suddenly completed such a move at this time. But their move completely retreated Citibank and Rockefeller Consortium into the bottomless abyss. This consortium has experienced too many ups and downs. It has been able to survive every time and achieve final development. But this time, its good days have come to an end. Its good luck has been completely used up!"
"After economists' calculations, this time, not only did Citibank completely collapse, but because of the collapse of Huaqi Bank, the Rockefeller Consortium must also pay most of its internal funds. The disaster caused local capital losses, at least US$20 billion. Now, the total assets of the Rockefeller Consortium are only nearly 40 billion, and 40 billion are mostly fixed assets. In other words, even if the Rockefeller Consortium now takes out all its working capital, it cannot fill its own hole. It must raise funds!"
"There are many ways to raise funds. First of all, it is government aid. At present, the possibility of this is slim. On the other hand, it is to borrow money, but who else is willing to lend them money now? As a result, there is only one and the only way left. That is to continue selling your own assets!"
"But this path is not so easy to go. Rockefeller Consortium had Mobil Oil Company and Citibank support, but now, the five major subsidiaries under Mobil Oil have been sold to Rockefeller Consortium. Citibank has been completely finished. In addition, they have auctioned more than 70 subsidiaries before, and now the entire Rockefeller Consortium has become a completely empty shell!"
"They have valuable assets in their hands, including real estate investment, arms, chemicals, and residual oil companies. Apart from this, there is basically nothing left. After losing the two pillar industries of banks and oil, the Rockefeller Consortium is like an empty store, and there is no product at all. If you sell it, you can only demolish the house and sell firewood!"
"In 1933, Mobil Oil died. In 1933, Citibank died. We don't know if the Rockefeller Consortium can still see the sunshine of 1934 this year! Is this consortium that represents infinite glory really going to die??"
As a media outlet with the Rockefeller Consortium, NBC made such comments. They were heartbroken by the Rockefeller Consortium's experience, but at the same time they were so helpless.
It is probably God will do this, and it will be difficult to save the situation.
The whole of the United States is in chaos, Wall Street is in chaos, and the people are in chaos!
After this news was released, my phone kept ringing, and most of the calls were called by the chaebols of Wall Street. They had two purposes for calling. First, they wanted to find out whether the Rockefeller Consortium had a share when such a thing happened this time. The second is that the Rockefeller Consortium is now divided, which is a good opportunity to swallow. Will the Rockefeller Consortium take action, and if it takes action, will it join forces with the consortiums like these?
I don't answer the first question very much. The reason why I don't answer is that such a thing happened. Some people outside will definitely suspect that the Rockefeller Consortium is coming. In fact, every time the Rockefeller Consortium fails for such a long time, people's attention will definitely be focused on the Rockefeller Consortium, which has become a habit.
I didn't answer the second question either. Even when I was chatting with those chaebols, I would look at these people from the bottom of my heart.
Although they were very respectful to my tone, and although these people all acted like they wanted to advance and retreat with the Lockettke Consortium, this could only deepen my disgust towards these people.
Yes, I have always regarded destroying the Rockefeller Consortium as my goal, which is also the goal of the entire Rockefeller Consortium, but this does not mean that I can agree with these people. Once upon a time, when the Rockefeller Consortium was strong, these people never expressed their friendship and so-called support with John Rockefeller Old like today.
But now, look at what these guys have done. They turned around to their previous allies around them and showed their knife, and they all showed their tableware, ready to have a good meal.
Perhaps, this is what people call the cruel business world, perhaps, this is what people call the Wall Street spirit, but I think, if you live alone, you should have that little bit of humanity in your heart!
Even if you want to attack your allies, you don’t have to turn so quickly, and it’s such a shameless way.
I don't know what would happen if the Lockettke consortium collapsed. Perhaps such people would appear. But I think if we really come to this day, at least someone would stand up to support us, like real friends, although such people might not be called a small group.
But I think as long as there is, it means that our Lockett Consortium has at least friends.
There is no friend. Only use it, which is the sad thing about the Rockefeller Consortium. But it is not for those who take advantage of the situation. Whether it is John Rockefeller Old or John Rockefeller Jr., they are also such people. The reason why the Rockefeller Consortium developed was largely successful in this way. They were also so intrigues and stood on the corpses of their allies again and again. However, this time, the feng shui was finally their turn.
Failed. There is nothing to say. In fact, there are too many such things. But if there is no friend to help you when you fail, this is sad.
In history, even the most foolish monarchs, when their country was destroyed, there would be loyal subordinates who would never leave their lives. Even if the thief was notorious, a friend would mention his corpse when he was dying. A consortium with a long history, such a huge consortium, was in the end, and everyone was pushing it. No one was willing to lend a helping hand. This cannot be blamed on those who pushed the wall, but I am afraid that the Rockefeller consortium itself also has the responsibility.
There is a saying that you will pay back sooner or later when you come out. God is very fair. The Rockefeller Consortium has done the things before, and this time, it has been accumulated and paid back together.
In this disaster year, the Rockefeller Consortium was completely confused. Although they had rich experience, they were completely at a loss in the face of this comprehensive collapse. The executives of the Rockefeller Consortium who have experienced countless ups and downs were in chaos. Although they had experience in all aspects, they were blank in this regard, because the Rockefeller Consortium developed freely before, and such a collapse was definitely the first time.
The development of the situation was far beyond their expectations. The first thing he was Citibank was Citibank. The people crowded to Citibank across the country to ask for withdrawals. John Rockefeller III issued an order in a hasty manner, ordering all branches of Citibank to close their doors and stop operating, and not allow any branches to provide exchange business. He did this, obviously there was no way. At least, doing so could temporarily retain some of the funds for Citibank.
However, this order from John Rockefeller III completely intensified the matter. After learning the news, the people were extremely angry. For them, the money they deposited into Citibank was their hard-earned money. Citibank refused to exchange it, which meant embezzling their property, which was the most unacceptable thing for the people.
The people started protesting, and then quickly turned into a riot. They angrily launched an attack on Citibank, knocked open the bank's door, rushed into the counter and started robbing. During the robbery, Citibank employees were beaten, and angry people in many places even set fires!
In New York, people flocked to Citibank's largest branch in New York State and asked for exchange. The bank closed its doors. The bank's manager stood on the balcony and shouted to the public, saying that the exchange business would not be realized. Angry people rushed to the bank's door, and a young man flipped down from the bank's window and opened the door from inside. The people flocked in, first robbed the bank, and then fought with bank staff and police officers who came to maintain order, resulting in four deaths and ten injuries of the police. Since the fight, the bank's manager was shot to death.
At a Citibank in Texas, people were shooting at the bank with guns. Local police did not dare to come to support them at all. In the end, they could only watch the fire swallowing the bank.
Such a situation can be seen almost everywhere in the United States, and after reports from various media, it has added fuel to the fire. The entire United States is in chaos, and the chaotic situation far exceeds the riots caused by John Dillinger and his supporters.
Faced with this form, the federal government was in a state of turmoil, and Roosevelt had to declare that it had entered a mere state, requiring states to maintain good order. At the same time, Roosevelt gave a note to the leaders of the Rockefeller Consortium and demanded that the Rockefeller Consortium must meet the public's demands to make up for the trouble. Otherwise, the Joint Office government would use its power to declare the Rockefeller Consortium bankruptcy to repay debts!
As soon as Roosevelt's result came out, the Rockefeller Consortium completely exploded. Although the Rockefeller Consortium's current assets are 40 billion, current assets cannot make up for the current hole. If Roosevelt declares bankruptcy to repay the debt, the result will be even worse, which means that the Rockefeller Consortium will be completely dragged down by Citibank.
Under such circumstances, John Rockefeller III had to go to Washington to discuss with Roosevelt in person.
Regardless of the result, it is a bit certain. That is, this time, Citibank will definitely be destroyed.
The Rockefeller Consortium is most afraid of two things now. The first thing is that people flock to Citibank to exchange the money they have in the bank, because the Rockefeller Consortium does not have so much liquidity at all. If it is necessary to exchange it, the Rockefeller Consortium will definitely sell its own assets again. This will only make the already weak Rockefeller Consortium even more chaotic. For any consortium, fixed assets, especially its companies, are far more important than money of the same value. Because these are opportunities to turn things around. A consortium that is in crisis can only hold a company with a development prospect. It may turn the tables at any time, but on the other hand. If such a subsidiary under its command is sold, the loss is not only money, but also hope for the future. Therefore, the Rockefeller Consortium definitely does not want to sell its own subsidiaries anymore.
In addition to selling so many subsidiaries in succession, the Rockefeller Consortium now has few subsidiaries in its territory. Each of the remaining companies is the hope of the Rockefeller Consortium. If it is sold again, the Rockefeller Consortium will completely describe the most common corporate group.
What's even more serious is that under such a crisis, the sale of subsidiaries will definitely be priced for sale. Those who come to participate in the auction know the territorial situation of the Rockefeller Consortium and know that they have to buy these subsidiaries, so the price will naturally be stuck very hard. The price paid is definitely lower than the expected value of the Rockefeller Consortium. In many cases, the price they offer is estimated to be the robbery price, which is an absolute loss for Rockefeller.
The second thing that Rockefeller Consortium fears most now is naturally bankruptcy. Although theoretically speaking, the current net assets of the Rockefeller Consortium are still greater than the funding holes they have caused, their working capital is far from enough. Such a situation has led to the government being able to declare them bankrupt at any time. Now a Citibank has caused chaos in the whole United States, and social order has been seriously disturbed, robbed, burned, and killed people. Such things are unwilling tolerate by the federal government.
Before, the federal government was very polite to Rockefeller. It was common for conflicts between Rockefeller and the people to occur. Sometimes riots broke out because the Rockefeller consortium violated the interests of the people. The federal government was on Rockefeller's side most of the time. Who made Rockefeller's assets strong?
But now the situation is completely different. The Rockefeller Consortium is shaking and almost fell from the standards of the consortium to become an ordinary business group. How could the government provoke all Americans for such an institution? And a government like Roosevelt, which has already made the people disgusted and tried its best to win the people's favor?
So this time, the federal government showed no mercy to the Rockefeller Consortium, and Roosevelt publicly issued an order to the Rockefeller Consortium. As soon as this order came out, Roosevelt won great favor from the people, but on the contrary, the Rockefeller Consortium faced tremendous pressure.
This time, Roosevelt completely exposed his wish to separate the Rockefeller Consortium. He used to be so close to the Rockefeller Consortium, but now he has completely lost interest in the Rockefeller Consortium.
It is really appropriate to use such words to describe this American president.
Roosevelt, who once said to the Rockefeller Consortium to "share joys and sorrows", then pushed the Rockefeller Consortium to a dead end.
If the Rockefeller Consortium does not follow Roosevelt's statement, then the federal government will definitely force the Rockefeller Consortium to go bankrupt and repay debts. This is something that the Rockefeller Consortium cannot accept. On the one hand, the Rockefeller Consortium's current net assets can still block the holes. If the bankruptcy is declared, then a lot of the money will definitely fall into the federal government's pocket. This is also a robbery, and it will make things worse. On the other hand, if the bankruptcy is declared, the Rockefeller Consortium will be completely finished. This is not just the destruction of Citibank.
If the Rockefeller Consortium does what Roosevelt said, it would be a big deal. As Roosevelt said, exchange for deposits in the public land. That means the Rockefeller Consortium will have the path of selling its own subsidiary.
If the subsidiary is sold, the Rockefeller Consortium will no longer exist. The Rockefeller Group may have existed. What makes the senior executives of the Rockefeller Consortium troubled is probably which subsidiary will be sold.
John Rockefeller, Jr., felt that Washington met with Roosevelt, naturally received high attention. Whether to agree or not to Roosevelt's request, what kind of agreement will be reached between the two sides in the end will have a significant impact on the United States.
We are also paying attention to this matter, and the group of people at DreamWorks are also talking about what kind of result will come in the end.
"I think John Rockefeller III is absolutely hopeless this time. That cripple is determined to abandon the Rockefeller Consortium this time." Gansdi's opinion has received support from many people, after all, this is the current situation.
"Is Roosevelt so heartless? I think it may not be possible to ask him to help the Rockefeller Consortium, but he would not be able to force the Rockefeller Consortium. After all, they had a cooperative relationship before, and if it weren't for the support of the Rockefeller Consortium, he would not have been able to sit on the throne of the president, and Roosevelt could not have done anything at all." Bresson looked at the problem very kindly, and there were also many people who agreed with him.
In this way, the room has been quarreled endlessly. The quarrels have become quarrels, and Coolidge was finally pushed to the forefront. Everyone wants to hear his opinions.
"I think this time, Roosevelt will definitely not agree to any request from the Rockefeller Consortium. Not only that, he even pushed the Rockefeller Consortium hard." Coolidge replied, somewhat beyond the expectations of some people.
"How is it possible? Is Roosevelt really so inhumane? Why did the Rockefeller Consortium have helped him!" Bresson completely disagree with Coolidge's point of view.
Coolidge smiled: "There is no help between politicians and consortiums, only mutual use. Politicians need money to help their careers smoothly. Consortiums need politicians as their spokespersons to formulate policies that are beneficial to them. Their relationship is so snobbish. Roosevelt got a lot of benefits from Rockefeller consortium, which is certain, but don't forget that Rockefeller consortium also got a lot of things from Roosevelt. There was no friendship between them at all."
"In addition, Roosevelt is a person who can distinguish the situation. In the past, Rockefeller was a big tree with lush branches and leaves. Staying below, you could enjoy the coolness. But now, the Rockefeller Consortium is a shaking earth wall. Staying below is likely to be killed. According to Roosevelt's personality, he would quickly draw a line with the Rockefeller Consortium, how could he help him?"
"But this is not going to push me, right?" Bu Liesong muttered.
"According to common sense, Robert still makes some sense. No matter how hard a person is, he often doesn't do such things. But that's Roosevelt. For a politician, the most important thing is the people who support him standing behind him. This is more important than anything. Those who support you are stronger, you are stronger. This is a very simple truth. Roosevelt was able to become president because of the strong strength of the Rockefeller Consortium. If he wants to continue to be president and continue to become a political star, he must still find strong supporters. Now, the Rockefeller Consortium is obviously unable to meet his requirements."
"He will abandon without hesitation and turn to find a better alternative." Coolidge's words opened our eyes wide.
It's true that we never thought about such a thing before.
"You mean, he will abandon the Rockefeller Consortium and join other consortiums?" Gans was stunned by the words.
"That's natural. The Rockefeller consortium has collapsed, and there are still big consortiums on Wall Street. As for which consortiums he would look for, it's his business." Coolidge took a sip of tea and smiled: "It's not just these. Roosevelt went to find other consortiums. It was impossible for them to agree to him so easily. With his personality and means of doing things, he probably would definitely let the other party taste the sweetness, and the sweetness was extremely great."
"Sweetness?! You mean that Roosevelt would treat the Rockefeller Consortium as a dish to new collaborators!?" I asked.
Hahahaha. Coolidge laughed loudly, nodding while laughing.
To be continued...