Reborn American Tyrant

Chapter 1410 - The Emperor's New Clothes

Ever since man invented the stock market, there have been lies and frauds that followed. It is fair to say that Wall Street's reckless looting eventually led to very serious consequences. If it had not been for the Great Depression, the World War might not have been fought, and if it was, it might not have been so violent and exaggerated.

In order to prevent the same mistakes from happening again, mankind began to examine its own mistakes. After the war, Wall Street was a lot more honest, and the rich turtles also discovered that if they overplayed their hand, money was actually a death sentence.

The monopolies began to spin off under harsh laws. Those who manipulated the market to engage in insider trading were thrown into jail, and for a long time it could be said that Wall Street was basically the cleanest market in the world.

However, they seem to forget that in this world, there is no such thing as a universal law, and what was a very good law yesterday may not be suitable for tomorrow.

The essence of capital is the devil. If the law does not change with the times, then a new taste of the Great Depression is simply inevitable.

What was so terrible about the Great Depression?

It doesn't make sense to say that the stock market fell by a lot or a lot, because the securitization rate wasn't that high back then, and compared to today, it's a far cry from what it is today. But why was it so terrible?

It is actually confidence. When this market loses confidence, all the participants become salted fish.

Because you can't do anything!

I don't know what position to fall to, I don't know when the bottom will be reached, and I don't know where the money for the bottom will come from. To put it more directly, this is the collapse of the entire value system, the Great Depression came once, mankind has seen its horror, the subprime mortgage crisis was a drop in the bucket, if not for the Federal Reserve to transfer the risk, the final outcome is really hard to say.

As for now, William White doesn't see the Internet bubble as anything to be fussed about. You just see a big bubble, but you don't notice that without the bubble, there would be no day when the Internet would be able to take over the world.

What's the right price?

The price most customers accept is just ah, and since we're talking about marketability, William White saw no need to say anything higher or lower about the stock price. Especially coming from Greenspan, that's a very bad thing to say.

OK, Silicon Valley is in a collapse, not to mention the guys hanging out in the garage, and the Nasdaq, at least half of the companies are unsustainable.

Okay, you have a problem with this bubble and fear of the rise of a new wealth group. What about the energy bubble and the 3G bubble that's brewing right now? How can we treat everyone equally?

You know, California's rising energy prices have caused a serious crisis. That is, the winters here are not cold, otherwise, there might even be little girls selling matches.

"Uh, Pops, this guy is really something. This time of year, is this an attempt to put eye candy on Curtis?

I just got the brief, and I think it's going to be a problem for me soon."

Peanuton's throne is no longer a surprise, and there's no need to appear too eager now. Manual vote checking is fine, and it won't change anything anyway. But ah, the position is different, the mentality is also different, if this happened a year ago, maybe this guy would still gloat.

But what about now?

"Son, the fact is, he's a very qualified politician. Just be glad that you are living in the same era with such people, that is the greatest sorrow." In the face of his son's diatribe, Busch Sr. was very unconcerned. You can see the energy problem at stake, how can William White's team not see the reason.

But, as the emperor's new clothes tell us, if you can see it, don't say it. Especially if you're an adult, don't speak out of turn.

You see, he expressed his anger at the energy companies, denounced the so-called market principles, and then offered a lot of money to help the poor.

Well, he even spat in Greenspan's face in passing. Seriously, Greenspan is in a bad way now. When was the last time I said there was an Internet bubble?

While saying that there should be no administrative intervention, I'm asking for price control. Nima, my husband here is the rice federation, not what price bureau.

Of course, these words can only slander, if you say so out, you will immediately be sprayed into a sieve. There is no bubble on the Internet, and it won't affect the lives of ordinary people. But natural gas and electricity will be ah, if this thing can also be used for speculation, do we want to live.

"Pops, this might be a big problem." As a long-established oil family, Busch has no shortage of struggle experience. Pacific Gas cleaned up its real estate like a big dump, and to say there's no problem in it, he doesn't believe it anyway.

In fact, the big deals involving energy, what you can see on the surface, are simply the tip of the iceberg. Don't think that money is all that matters, if that were the case, the biggest oil company in the Midlands would be Wright Petroleum.

"Oh, of course there's a problem. But ah, son, I'm afraid the seriousness of this matter is beyond your imagination.

Look, what company is jacking up the price of electricity, such an obvious target, has any of the media ever paid attention?

Including NBC.

So you have to pay attention to the news, especially NBC's financial news. I don't know if you've noticed, but they've stopped mentioning the 3G newsletter that was so hot some time ago for quite some time."

Erm, young Busch seems to have thought of something unusual. He was very concerned about William White's industrial layout, as one of the largest group companies in MiG. Even without mentioning his relationship with William White, it would be impossible to ignore it.

The communications industry is also a very important part of White's investment. Even if he were to disband his lab and sell off his communications business, he would still be able to make a considerable amount of money every year from the patent revenue.

What he doesn't know is that William White is more likely to become a patent company, or a patent rogue. No matter what you do, no matter how many gigabytes you get in the future, there's always one thing, the most elementary patents, you also need to pay for.

"No, dad, he has invested so much in 3G research and development, it's impossible by all means, as far as I know, they are now working on the Starlink Project 3G application, the amount of money required is simply appalling."

In response to his son's question, Busch Sr. also said he could not understand. As a politician, he was qualified, so as long as he used political logic to judge, he quickly came to a conclusion.

That guy was definitely holding back a big move. As for what he was showing now, it was more of a retreat for progress.