096 Comprehensive finance launched (2)
Around the turn of the year from 1827 to 1828, centralized coins issued by the European Development Bank began to circulate throughout Europe.
Easterfield Financial Holdings stated that prior to centralization, Central would be circulating as a type of certificate based on convertibility.
In short, to bring centralization from the European Development Bank, they had no choice but to purchase with gold.
Nevertheless, the centralization sold out tremendously.
“May the sales of centralized currency exceed the amount received?”
“Although this is limited to the UK, it is true. It is highly evaluated that the brand power of centralization may already overwhelm the pound.”
“Hmm… … . Was it possible to be so popular that money could only be bought with gold and silver?”
Being able to exchange money only with gold or silver was a huge advantage than I thought.
Taken from noblemtl.com
Most of the banknotes of this era were made for the purpose of converting gold or silver, so they played only the role of a deed.
Nevertheless, the value of banknotes was somewhat lower than that of actual gold or silver coins.
Current banknotes are certificates that are valued as silver coins, but there was a limit to the liquidity that could be used on the spot as cash in the market like silver coins.
Taken from noblemtl.com
Moreover, the biggest problem is that no matter how much pound is earned through trade, there is no answer when the finances of the British royal family are on the verge of bankruptcy.
Also, even if a bill to leave 10% of the reserve requirement is proposed, no one knows when a bank run will occur.
As such insecurity emerged through the war, the pound’s credibility was gradually declining.
It was the central currency, which was made entirely of gold and silver coins, that dug into the gap in the turbulent pound.
“I think it was a godsend that the uncertainty of the pound increased our confidence.”
“This was not the original purpose.”
“Well, anyway, we’ve got our own weapons now, isn’t it?”
The management thought that central currency would be a strong weapon.
Although Lee Hwan agreed with him to some extent, it was difficult to completely agree with the current anxiety in the financial industry.
However, the publication was successful anyway.
“I keep asking if there is any other way to buy centralized currency in the UK. First of all, the answer is that there is no consistent answer, but the bank seems to be in a lot of trouble. The UK is making such a fuss about securing centralization, isn’t it a success for us?”
“Are you pressuring the UK to buy Central?”
“Yes, it is. At first, they offered to give me console bonds at a discount, but they said they couldn’t do that, so they said they would give me the colony’s land. But I said no.”
It may not have been made for colonies, but it was advantageous for Britain to focus on Europe rather than North America.
It was far more profitable to rule the three Baltic States and the Black Sea than to risk their lives for a colony in North America where there were no cities yet.
If we can use this as a bridgehead to advance to Asia, it would be a perfect scenario for the UK.
For that reason, he almost threw the ground as a dump, but it was not a disease to be swayed by it.
“Good job. Once you start trading with land, you’ll keep hitting real estate. That is unacceptable.”
“you’re right. Moreover, they say that the land they are going to sell is around the Columbia River.”
“You mean British Columbia?”
“Yes, it is. We rule the South.”
“Ugh.”
“As the dispute over the territorial rights in the area is over when we receive the land from the United States, it seems that they are trying to sell all the land in the north.”
To be precise, not all of British Columbia’s land is British.
Only the settlements and fortresses they have surveyed and flagged first are considered their land.
Since the colony has not yet been incorporated, if the deal is made, it will actually mean selling the rights to colonize the land.
“So, I’ll give you the western part of Canada, so try colonizing it yourself?”
“Instead, we’re going to take our money.”
Lee Hwan thought for a moment.
What does it mean for you to take Northwest Canada with you?
First of all, it didn’t mean much to me right now.
But if you think far into the future, taking over Canada’s northwest also meant coming to Asia.
‘What if I later purchase the southern part of Alaska from Russia?’
A pretty big picture was drawn.
Now is the time when there is talk of separating East Stellar into Easterfield Southern, so this will be a stepping stone for a very big leap forward in preparing for the future.
“If we build a railroad up to that point, we get an enormous length of logistics line from north to south.”
“… … iced coffee.”
Recently, Eaststellar took over Montana and Idaho after receiving a deal from the UK for a huge piece of land linking Vancouver and Grand Fox.
This is indeed a huge amount of land, and it was not an exaggeration to say that all the wastelands of western North America belonged to Yi Hwan.
Just by purchasing some land in Washington and Oregon, Lee Hwan would build an empire of logistics by rail.
“good. Then tell me to do it.”
“Will you take the land?”
“Can’t we just sell the land to East Stellar America instead and bring the gold from the sale?”
“Aha! Then you will be able to receive the land as money from the sale of money without breaking the principle!”
“That’s it.”
“… … After all, you are very resourceful.”
“I was just rolling my hair a little. It’s nothing. In any case, please deliver the contents of the contract to the UK based on this content.”
Lee Hwan’s actions in designing the future were truly devastating.
***
While the financial negotiations between the UK and East Stellar were in full swing, the US signed an agreement with East Stellar to build a railroad, and the ‘Easterfield Financial Settlement Act’ was formally passed by the National Assembly. .
After that, the US government issued bonds to raise money for investment in railroads, which they decided to purchase from Easterfield Finance.
Through this process, the US decided to sell the Washington and Oregon areas to settle the bonds.
The purchase was made by the Eaststellar Company, and instead of resolving the bonds as real estate, Easterfield Finance was given the authority to handle bonds and settle bills in the United States.
Easterfield Finance can now handle bonds denominated in US currency and exchange bills of exchange and promissory notes.
In the spring of 1828, Lee Hwan established a corporate investment corporation in Manhattan, New York.
Corporate Investment Corporation is an institution that lends interest-free development funds to promising companies in the United States and issues convertible bonds and bonds with warrants.
Hwan Lee instructed the corporate investment company to have accountants and investigators to go to the people he designated and make an investment proposal.
The people on the list worked in a variety of occupations, from mechanics, woodworking, textiles, finance, and even plumbers to the military.
“Go to these people and offer them an investment.”
“Who are these… … .”
“I am informed. Go make an investment proposal and let us invent whatever we want, since we will be the major shareholders in the future.”
The present United States is just entering its nascent stage, and it will continue to grow tremendously during the period from the mid-1800s to the late 1800s.
The technological prowess of the industrial revolution that had been built up so far as an emerging industrial country was beginning to explode.
Lee Hwan started investing from the root of the industrial explosion, and his goal was to grow into the world’s largest concert hall.
‘It will be a financial empire. Eaststellar will become a key force that governs the United States and the world… … !’
Lee Hwan also ordered the establishment of special schools in each area.
Still, he said he would invest large sums of gold in the charity.
“We will build a school that nurtures talented people with outstanding talent. Tuition fees will be fully covered by scholarships and even room and board in the dormitory. After graduation, you can get a job at a subsidiary or partner company of East Stellar and build up your skills. If you start a business later, you can set up a company on the condition that Easterfield Finance provides convertible bonds for free loans.”
“… … Full scholarship? So, isn’t that what the president is saying that he is going to raise people himself?”
“Yes, that’s right.”
“Hmm, it’s unclear how many people will want to send their children to school in this country.”
“I will give you a down payment when you enroll children. That could take the parents off their children’s ankles. To be honest, I think that just feeding them and putting them to bed will attract enough applicants, but it would be perfect if they even gave them a down payment.”
Lee Hwan was a peddler who came from Joseon to Hwaran.
He had seen countless children being abused there, and was well aware of the conditions under which they were sold.
If you only feed them one meal a day and provide a place to put them to sleep, there are enough people to line up on the street to get their children on the boat.
It is said that the lower classes of this era had a hard time making a living.
Lee Hwan was trying to pick up potential children from such a gutter and raise them as talents for East Stellar.
“Of course, there will be a test when you enter the school. The condition for passing the exam is that you must have one outstanding talent, whether it be in numbers and arithmetic, or in any field, be it an engineer or a researcher.”
“It’s an extraordinary talent.”
“Sorry to the kids, but we are not philanthropists. We cannot accommodate all children in the area. However, we are looking for geniuses who are in the blind spot of education, and we are creating a talent training pool for East Stellar by accepting some geniuses who have come. If you absorb these geniuses one by one, Eaststellar will soon grow into an elite group.”
“Aha! So, you are saying that only geniuses will be discovered!”
“Sorry, but yes.”
Lee Hwan already knew who was going to be successful and who was going to be successful.
If you scout through the list, East Stellar will become a financial empire that goes beyond just one corporate group.
Hana Lee Hwan thought that there must have been more talented geniuses that this society didn’t know about.
Therefore, it was not only looking for geniuses, but also nurturing a large number of coming geniuses to nurture a huge elite organization.
Lee Hwan kept a list of geniuses he had to pick up.
“Pick it up like this. And every year I will give you a list, so be sure to pick them up and bring them with you. Did you know?”
“all right. So, shall we sign the contract at the same time as we pay the down payment?”
“of course.”
Lee Hwan took a picture of the geniuses of this era and even the geniuses of the future and smeared them with saliva.
What kind of results Lee Hwan’s investment will produce in the next 30 years, he is already looking forward to.