Chapter 10: Chapter 10
You couldn't say the Hunter family was dreaming foolish dreams. Indeed, the gold reserves could not support the world's economic development.
In fact, given the current world structure, replacing gold with silver seemed quite appropriate. At least developed economies would support this.
On the surface, everything looked wonderful. They ignored a serious problem.
Balance.
Balance is important. If the Hunter family rose up, would other families still have a chance to thrive?
Sharing interests is common knowledge in America. If you can't get this right, you might as well give up and go to sleep early. The decline of your family is just a matter of time.
Roosevelt's success came at a huge cost. He offended almost all capitalists. When he was in power, it was fine. But once he left, there was nothing more to say.
The value of silver was indeed undervalued, with its price ratio to gold exceeding seventy times. This was clearly very abnormal.
If forty times the price was considered reasonable, then the current price of silver should be around ten dollars per ounce.
Silver and gold actually represented different interest groups. Who the big boss supported was uncertain, but the Federal Reserve was a loyal supporter of gold. They would never let things go on their own.
Unilaterally abandoning the Bretton Woods system clearly hurt the Fed. This move almost trampled the national credit into the mud.
One must say, if there wasn't something called the Euro now, the dollar would already be in big trouble.
Putting these aside for now, the Hunters were in a bind. Without even starting, the locked-up funds were already climbing.
These funds weren't what they wanted. They needed follow-up funds, hot money. Only with a vast trading volume could they cash out in time.
If they knew that these funds weren't just small vaults, their reactions would probably be quite spectacular.
...
William White was also puzzled. According to his memory, there should have been significant volatility during this period, but it hadn't happened. What changes had occurred, he was completely ignorant.
One must say, history had begun to deviate from this moment. At least part of people's life trajectories had already been completely altered.
Two days later, William White figured it out. The Hunter family must have misjudged the situation. They likely mistook him for one of their own.
He didn't care about history deviating a bit.
Time travelers were always unscrupulous; good people would have already played themselves to death.
It's okay if history deviates a little. Just don't touch sensitive events, and many things will continue along their original paths.
Annoying the Hunter family was one of his main goals. If a despicable family like theirs controlled power, the world would be in chaos.
Historically, this wave of silver short squeezes caused many to lose their families and their lives. The Hunters took recklessness and arrogance to the extreme.
"Master, the delay in paying the inheritance tax has been approved. We have less than a year left."
"Don't worry, Fulton, at worst we just sell White Oil. No big deal."
"Master, I think the Hunter family doesn't have the energy to deal with this now."
"You underestimate their greed. Fulton, here's what you do: contact some major shareholders, and then approach several banks. Pretend we are willing to go all out."
"This won't cause problems, will it?"
"No, and we'll know who our friends and enemies are."
"I understand, Master. I'll get on it right away."
Even though the Master said so, Fulton was well aware. In this situation, gaining bank support was impossible. Adding insult to injury was the norm.
Ironically, the fundamentals of White Oil hadn't changed. This drop was abnormal. If the government took over, it might not affect shareholders much. Selling at a low price now was foolish.
...
Regarding the White family's actions, the Hunters were fed up.
One must say, this approach made them quite uncomfortable. With competition, things were different. Though everyone knew the White family's funds were untouchable, it didn't matter; it didn't stop them from making offers. They promised to pay within a year, and there was nothing the Hunters could do about it.
The Hunter family clearly had bad intentions. If they got the majority of the stocks, small shareholders would suffer. Share dilution was a certainty.
The problem was, those shares under the White family weren't technically William White's. If he decided to burn everything, everyone would be in trouble.
Shares under government control being diluted was a headache. What assets could you inject to achieve this? It was simply uncertain.
"Boss, the Whites are in talks with other shareholders."
"Hmm, no acquisitions in the market?"
"No, the funds they can use are very limited."
"Damn, isn't this just causing trouble?"
"They are frequently contacting banks, hoping for support."
"Hmph, wishful thinking. As long as banks aren't crazy, they won't lend them money."
"Even so, many people are raising prices. This is beyond our expectations."
"Tsk, this is really troublesome. If they really seek government control, we'd be stuck."
"Boss, their delay in inheritance tax has been approved. Looks like they really are ready to burn everything."
"This kid is really troublesome. Seems the rumors were wrong. We were fooled."
"They haven't sold their farm, laid off any workers, and are even expanding grape cultivation."
"Are their wines selling well?"
"Haven't heard of it. This year everyone's struggling, how could they be an exception?"
"Sigh, let's see what this kid plans to do."
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