Rebirth of the Wealthy American

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The United States has never been a centralized country. The federal government has not been very binding on states. After the Civil War, the federal government tried to recover some of its rights. As a result, even the states that originally supported the federal government in the north were against it. Nothing left.

In general, it is not easy to implement the federal government's decree smoothly. If a strong president is better, the states will always be able to pass even if they are inferior, but if the president is not so strong, then The end is miserable, Hayes is a good example.

Arthur is not a strong president. He is not a strong person at all. He is more like a businessman than a politician. It is unreliable to expect Arthur to force the states to rectify the traffic with a tough attitude. He can top Arthur without money. Turn to the ground, so this matter must be considered from the long-term, always let the upper and lower people realize the benefits of road construction.

The benefits are definitely there. Let ’s not talk about the benefits of road construction for economic development. Road construction itself is a fat poor. As long as it costs a little money, the chances of fishing for oil and water are not too many. The local state government may deliberately oppose the federal government, but State officials are certainly not going to go against their wallets.

"Bank of America will fully support local governments in building roads. As long as local governments need loans, Bank of America will go all out to cooperate. Of course, if local governments are unwilling to invest, it does not matter. Bank of America can issue bonds for road construction and wait for road construction. After the completion, repaying the bonds with later profits will not hurt the state governments, as long as the state governments are willing to serve the bank of the Americas. "Li Mu's conditions are generous, although Arthur agreed with Li Mu's request, But James Blaine has to pass this level.

After the assassination of James Garfield, he became the saddest president in American history, but if you talk about the sadness, James Garfield is definitely not as good as James Blaine.

In 1869, James Bryan became president of the House of Representatives, which became a highlight of James Bryan's political career.

Later, James Bryan wanted to go further, but unfortunately James Bryan was hit one after another. First, in 1876, James Bryan lost to Hayes in the Republican Party election, and then last year's Party. Among the candidates, James Bryan lost to James Garfield. By 1884, James Bryan finally became a Republican candidate, but lost to the Democratic Party's Grover Cleveland in the election. Brian also lost to Benjamin Harrison.

James Bryan is a man who can be described as "failures and battles." He is indomitable, but has never been successful. Five years ago, when James Bryan was closest to success, it was a pity that Hayes had the help of Mu Mu. Therefore, it is not easy to persuade James Bryan. Even Li Mu is not sure whether James Bryan will hate it.

"Later profit? What does this mean?" James Bryan didn't quite understand Li Mu's description. There is no toll station on the highway these days. Naturally, there is no service area, and there is no fuel tax or traffic insurance James Bryan didn't understand how Li Mu wanted to make money through the highway.

Speaking of this, this is another evil interest of Li Mu. In the 21st century, many people hung American highways to the top without tolls. Probably they did not know that those highways in the United States were built decades ago. Yes, at the time of construction, the American people had already paid for the construction of the highway once. The US government did not need to repay the loan with profit, and naturally it did not need to charge it.

At that time, the republic was not good. Everyone knew that when the slogan "If you want to be rich, build the road first", the governments at all levels of the republic are poor, and if you rely solely on the original accumulation of capital, you may have to wait ten years, or The road network across the country can only be repaired in 20 years, but the republic does not have so much time to waste, so loans have become an inevitable choice. This is also a special national situation.

The United States in the nineteenth century was also a special country. During this period, US governments at all levels had no money. So when they wanted to build roads, loans became the only way. Li Mu said that the Bank of America is willing to invest, which means that Bank of America can replace Local governments issue bonds, but in the end the local governments and those who use those highways pay.

"Bank of America does not provide loans free of charge, nor does the local government need to borrow money to develop transportation. After the highway is completed, if you want to use the highway, you pay a certain amount of course. We only charge for cars, and we will not increase the burden on everyone. This is good for everyone. Land acquisition for highway construction will increase government revenue. Developed transportation will stimulate consumption upgrades. People will rely on developed transportation to get richer lives. Governments at all levels will also increase taxes. Those who buy People who bond will also get their due profits, which is good for everyone. "Li Mutang and the emperor carry private goods, which is not normal if the grandfather is selfless.

Toll is something you like, just like in the former republic. If you do n’t want to pay, it ’s easy. Do n’t take the highway. You want to enjoy convenient services and cheap at the same time. Well, there has never been such a thing in the world. As a result, everyone knows that no one is willing to build a highway, even the people ’s government, because the government has no money and cannot repair it, so those who complain about high speed Most people who charge tolls on roads don't even have a car, they just complain about it.

In fact, if you take a step back 10,000 steps, people who can really afford a car these years don't care about that cost. People who care about this cost rarely drive even if they have a car, because the price of gasoline is not cheap.

It is much simpler to charge things in the United States. Capitalists have never been philanthropists. When they go to a restaurant to eat, they have to tip the waiter who has provided services. Really wise people will not put their minds on these needles. It is better to have some grieving ways to earn more than anything.

"It sounds good, but how can you guarantee that the charges will not cause everyone to oppose it? Sorry Rimm, our Republican has faced too many criticisms over the years, which makes us have to be cautious." James Blaine Public Affairs Office In order to sound more reasonable, I took the initiative to explain a sentence.

"Why oppose it? The government has received the money for land acquisition and can use it for the development of the national economy and the people's livelihood. For those rich people who have already bought a car, the biggest headache now is that the poor traffic conditions make their cars unable to play a real role. As for those who do n’t have a car, they have no reason to object. Highways only charge for cars. They do n’t spend a penny, but they can also use highways. I ca n’t think of reasons for their objection. As for those who buy bonds, sorry, I do n’t want to belittle anyone, but I think it ’s better to use money to buy bonds than to buy stocks. ”Li Mu casually teased the US stock market. The economic crisis has passed, but the US stock market has not picked up. Many people ’s Money has become a worthless stock, with no future at all, even worse than the shareholders of the Republic in the 21st century.

Sometimes people are so weird. All stock exchanges tell people that "the stock market is risky and you need to be cautious when entering the market." Many people just don't care. Even if they don't understand the basic knowledge of stocks, they throw the hard-earned money into the stock market. Fortunately, they all think that they are the masters of the novel, and they can get away smoothly before the inflection point arrives. The dealers will let them recognize the reality.

Having said that, James Bryan no longer has a reason to oppose it. Opposing it again is to deliberately find fault. After two general elections, as long as people who are politically illusory have already recognized that they have offended Li Mu and The unwise fact, James Bryan also wants to fight in the future, it is necessary to have a good relationship with Li Mu.

A politician has no forever friends and no forever enemies. Some only have eternal votes. As long as Li Mu controls Time Magazine, he is equal to controlling the votes. In the past, James Brian and Li Mu were not friends, and the future was not necessarily Hayes resigned sadly, Arthur had no intention of politics, and no Republican successor, even if it was his turn, it was almost James Blaine's turn.

After leaving Washington and returning to New York, Li Mu's first thing was to sell bonds.

It's easy to sell bonds in New York. It's enough to find J.P. Morgan. J.P. Morgan can even underwrite national bonds, and Bank of America is not a problem, although in terms of scale, it is possible that Bank of America will issue bonds. More than bonds issued at the national level.

This is not possible, it is certain. In order to pay the compensation a few years ago, France only sold US $ 50 million of bonds. The Bank of America must have issued more bonds than US $ 50 million. Li Mu's sight this time is limited. New York or New England, but the entire United States, the funds needed must be astronomical figures, otherwise Li Mu will pay for himself.

"I can't give you an exact number right now, because I can't be sure how big the bonds will be this time. It depends on the determination of the governments at all levels. As far as I am concerned, the road I hope to build the most is It's from New York to San Francisco. "Li Mu didn't dare to tell the truth, fearing to scare J.P. Morgan, but he simply said a plan and let J.P. Morgan start to breathe coolly.

Between New York and San Francisco, about 4,500 kilometers, J.P. Morgan didn't know how much it would cost to build such a long road, it must be beyond his personal scope.

In fact, money is not the most important issue. The most important issue is the coordination of relations between the states along the way. Highways are different from sea transportation. To pass through the states along the way, you must always provide benefits that are satisfactory to the states along the way. With you? Don't talk about national economy and people's livelihood. Like Texas, they want the federal government to close down.

Since the construction of the first highway in California in the United States in 1937 in the United States, by 1997, there were 89,203 kilometers of highways completed in the country. Li Mu did not have such a big ideal. The highway from New York to San Francisco is hoping to play a demonstration role. As long as this highway is proven to be worth the money, then Li Mu's promotion is not required, and the country will work hard. Li Mu will just sit and wait for the money. .

"Is there a railroad between New York and San Francisco, do I still need to build a highway?" J.P. Morgan asked a more amateur question, which is actually normal. The most funny rumor about Bill Gates is Bill Gates. In 1981, he said, "640K of memory is enough for everyone", and although Bill Gates later clarified, this is enough to illustrate the era limitations of the elite.

There is indeed a railroad between New York and San Francisco. The most dangerous section was built by the Chinese, but this does not mean that there is no need for highways when there is a railroad. According to J.P. Morgan, people in the 21st century will look like The joke is similar, but it is normal to put it in this era. Cars are still luxury accessories. Li Mu is far less great than Henry Ford in this respect. Henry Ford wants to make cars that everyone can afford. Li Mu just wants to satisfy. Part of the demand, I want to meet more, there are no conditions this year.

"Of course, if I can, I would rather drive to San Francisco by myself than take the train. Think about it. If I drive to San Francisco by myself, then I can stop at any time, and the train will not be beautiful along the way. Staying in the scenery, with convenient traffic, traveling on the road becomes a trip, and work becomes cute. "Li Mu began to flicker, and J.P. Morgan was actually a romantic person. If he was to Rockefeller, Li Mu would not say this. words.

In fact, Li Mu said that this kind of remark was very embarrassing. Although the Vanderbilt family was overthrown, Li Mu still has a special train to go out. If it is a short-term stop, it is not completely impossible.

On the contrary, because the stability of cars in this year is not very good, in fact, there are still problems. If there is nothing in the city, if you have to travel far away from the city, then the road is very terrible.

Of course, there is no need to mention this to J.P. Morgan. J.P. Morgan does not want to help Li Mu sell bonds. J.P. Morgan is only assessing how big the risk is. As a professional investor, J.P. Morgan Some of the bonds underwritten by P. Morgan will certainly be bought by himself. Li Mu has also bought it before.

"It sounds good, we can try it first." J.P. Morgan rarely followed Li Mu crazy, the distance between New York and San Francisco is very long, but as long as it is slowly repaired, there will always be a day when the highway is cleared It will never be more difficult to build railways than two decades ago. At least, railways can now be used to transport supplies and manpower. Twenty years ago, these conditions were not available.

Just be willing to try. There is no shortage of lunatics in the market. Even if Americans do n’t buy them, there are also a lot of Europeans who are waving their banknotes to find investment opportunities. This is how the Pacific Railroad was built.