All Heavens Film and Television: Starting from Caring for the Widow of a Comrade-in-arms

Those who did not sign were Garner, Cox, John Jr., and the Guggenheim family.

They have a good relationship with Russell and Astor, and they know what kind of person Russell is.

Russell would not act as a guarantee for things without confidence.

Chapter 126 The Rise and Revitalization of the Walker Family, Return

In 1914, after the outbreak of World War I, the New York Stock Exchange was closed for four months, and the stock market fell again immediately after the United States entered the war.

Now it is August 1925, and the stock market is experiencing a prosperous period when the dragon rises. On the one hand, free trade is expanding, inflation remains low, corporate management and competitiveness are rapidly improving, and inventions and innovations provide unlimited prospects for economic development.

Last year, Smith put forward for the first time the astonishing conclusion that 'stock is the best tool for long-term investment' and the important thought that 'the value of a stock is determined by its future earnings'...

On the other hand, the withdrawal of treasury bonds during the war from the New York Stock Exchange increased the capital supply chain of the stock market, international capital poured into the United States, and bank guaranteed financial loans further stimulated the stock market...

Therefore, 25 years is the best time to enter the stock market. By 26 and 27 years, it will enter the late stage of the bull market. Capital began to flee with money. When they fled, they spread rumors in newspapers and news. The toilet workers are all investing their savings in the stock market, and the homeless people picking up garbage on the street are all discussing the stock market.

After the Great Depression in 29 years, many people jumped off the building and fell into the sea because of arrears and bankruptcy.

After the first meeting of the New York consortium, Garner and Cox stayed on and chatted with Russell about the U.S. stock market.

The problem that both of them worry about is how to control the timing to make a fortune in the stock market.

Because people have natural greed, if you don't control your greed well, you may fall down and never get up again.

"Walker, we don't doubt whether you can lead us to make money, but we are worried about you."

Russell said with a smile: "Don't worry, my greed has a bottom line."

Their worries were unnecessary. Russell did not explain how to make money, but just reminded them not to bring their own money into the stock market, otherwise they would lose everything.

The wealth of these people is compared to the Rockefeller, Mellon, DuPont and other families, which is the difference between a small shrimp and a giant mouth fish.

Family consortiums such as Rockefeller can manipulate the market, conduct internal transactions, and improperly sell securities, squeeze positions and sit on the bank...

But they can't, their capital is not enough.

On the other hand, Russell has such capital. He also belongs to the founder of the newly rich family. He has accumulated a wealth of [-] to [-] million US dollars in just a few years. This is already very powerful in the United States at this time.

Besides, Russell has business dealings with Mellon, DuPont, Ford, Henry and others, and it is easy to participate in their internal transactions.

He used three days to register the 'Walker Venture Capital Company', reorganize and build the company structure, and let shareholders hold positions in the company.

Then he threw the money into the New York Stock Exchange, which had a big impact on the stock market. It has been trading at the daily limit for seven consecutive days, scaring several other market makers to suspend their retirement, thinking that capital from other countries came to the United States to make money It's over.

Russell reached an agreement with several family consortiums, and the group pulled the Dow Jones Index, and then it fell in a waterfall, so that those who did 't' could not withdraw funds, and directly locked them to death.

Within 8 months, he switched to 13 stocks in a row and made a profit of 23 billion with 16 billion US dollars.

At the end of June 1926, Russell began to withdraw funds from the stock market to cash out, and did not withdraw the last sum of funds until mid-December.

At this time, many family consortiums realized that the stock market was about to collapse, and began to publicize it in newspapers on a large scale, driving foolish people to put their savings in the stock market...

Some people also came up with a strategy of pulling people's heads to give rewards during this period, referred to as 'Ponzi scheme', and the founder was Charles Ponzi.

1927, April 1.

The Walker Consortium dined at the Peninsula Hotel in New York.

There are only 21 members left in the original consortium, representing 21 families and individuals.

The restaurant was full of laughter, because they all knew that in less than a year, Russell made a lot of money in the stock market, earning 23 billion with 17.6 billion US dollars!

The return on investment is so high that everyone's jaws dropped.

But when the money was divided, they were also dumbfounded. Only the four families of Garner, Little John, Cox, and Guggenheim earned [-]% of the profits generated by the investment amount, and the rest only earned [-]%!

"Oh, my God, Walker, I should really believe you, signing the guarantee agreement is one of the things I regret most in my life!"

"I believe in Walker, that's because I value Walker's business acumen and his decisive character!"

Garner made a lot of money this time. He invested 1.2 million US dollars, which can be said to have emptied all his cash reserves, just to support Russell's position as the head of the consortium, so Russell gave him a profit of 9000 million US dollars.

The Guggenheim family also invested a lot, about 1.1 million U.S. dollars, while Little John and Cox only invested 1 million U.S. dollars.

The rest of the people basically have a base of 5000 million, because the consortium has stipulated a minimum investment amount for each business.

Russell raised his glass and drank with everyone, and talked a lot during the party, planning the investment goals for the next ten years-gold and military industry!

Gold must be stored, because during the Great Depression, the United States abandoned the gold standard, causing the price of gold to rise wildly, not to mention how many times it rose, even if it only doubled, ordinary people would not be able to earn it in their lifetime.

The military industry also needs to participate, but it will have to wait until Franklin becomes the governor of New York. Of course, the best time is when he ascends to the presidency.

This year, Russell was selected for the senatorial election qualification. His qualifications and conditions are very good. He encountered almost no resistance during the election process and successfully sat on the New York State senatorial position.

The Democrats, Alfred Smith and his partner, Joseph Taylor Robinson, were defeated in the race for office.

Hoover, who had served as Secretary of Commerce under Harding and John, won the victory and ascended to the presidency.

Franklin also served as the governor of New York with the support of Russell and others.

--

In early November 1929.

Franklin invited Russell and Ruth to his home for lunch.

After lunch, the two sat in the study and chatted.

At first we chatted about politics, and then we talked about the recent stock market.

"The stock market is going higher and higher now, why did you give up the stock market last year? Don't you like this way of making money?"

Russell shook his head: "The stock market is bound to collapse. Do you remember the Florida real estate bubble burst in 26?"

"Certainly remember, impressively, many real estate tycoons were reduced to paupers in this bubble."

"Yes, there will be a day like this in the stock market, because the stock price has reached some kind of persistent peak state, and it only needs to be a little sensitive to the market to see that the stock market has also appeared a bubble."

Franklin frowned and said: "You mean, because the long-term rise has reached a high point, it will inevitably fall in a waterfall?"

"Correct."

Franklin sat down and said: "I invested 700 million dollars in the stock market, can I withdraw it now?"

"Then you should contact the manager as soon as possible and ask him to sell your stock."

"it is good."

It was October 10, the fourth day after Franklin sold all his stocks.

As soon as the New York Stock Exchange opened, it suffered a huge sell-off, and the selling volume reached more than 600 million shares throughout the day, so that the automatic recorder of the story market did not record the last transaction until 1 hour and 40 minutes after the market closed...

The situation then continued to deteriorate, with the New York Times down 31 points two days later.

Thursday the 24th.

As soon as the market opened in the early morning, the stock price blew out like a flood bursting an embankment. People panicked and sold their stocks, and 1300 million shares changed hands throughout the day!

Several banks in New York quickly formed a 'rescue fund', and Richard, the president of the stock exchange, personally purchased the stocks, hoping to turn the tide, but the building was about to collapse, and it was difficult to support it alone...

Franklin followed Russell's advice and did not intervene to save the city, because no matter how he intervened, he would not be able to stop the flood when it came.

On the 25th, Hoover, who had just taken office for half a year, issued a statement: American enterprises, that is, the production and distribution of commodities, are based on sound and prosperous foundations!

Attempts to stimulate a new round of investment, but after a weekend, all efforts to save the stock market were in vain.

On the 28th, it is known as the darkest day in the history of the United States.

The New York Times Index fell 49 points that day, and the Dow Jones Index fell 39 points, a daily drop of 13%.

Seeing this situation, no one dared to save the market.

Because if you touch it, you will die!

At 10 o'clock in the morning, just as the New York Stock Exchange opened, it encountered overwhelming sell orders. They swept in menacingly, making the public even more panicked. shot.

The managers of the exchange were surrounded by groups, and some people jumped up and beat the managers like ants in a hot pot...

Why beat up the manager?Because at the beginning, the manager wanted to pull people's heads, so he tricked them all in, and ended up bankrupt!

The trading hall was in chaos, and the police couldn't stop the excitement of the people.

The Dow Jones index plummeted, so far the stock price has fallen from the highest point to 298 points, a drop of 22%.

When the time came to November, the stock market was still falling, falling to 11 points, a drop of 198%.

Thousands of people lost their homes, their wives and children in the stock market crash, and finally chose to swallow guns, fall off cliffs, jump off buildings... and ended their lives.

And because of the stock market crash, Hoover was squeezed out after only one term.

In the 31 Democratic Party Conference, several leading officials elected Franklin as the presidential candidate, and his partner Garner as the vice-presidential candidate.

During the game, Russell also contributed a lot. Many republican family consortiums were persuaded by Russell to support Franklin.

In the end Franklin defeated Hoover by a vote of 472 to 59.

After Franklin came to power in 33, a new reform was quickly launched.We began to rectify the financial and financial system, strengthened our understanding of industrial planning, adjusted agriculture, and implemented work-for-relief... These are all in order to restore the depression caused by the Great Depression as soon as possible.

Franklin invited Russell to serve as Secretary of Homeland Security, and Russell did not refuse. Anyway, he has been a senator for two years and already has some qualifications.

So after Russell came to power, he quickly signed a military manufacturing agreement with big family consortiums such as Mellon and Rockefeller, directly breaking the curse of the military industry monopolized by several family consortia.

Who dares to disagree?

In Russell's position, no one dared to say no.

Don't forget, he has a 'Walker Security Company' in his hand, which is now active in Europe, Africa, South America and other places, and has participated in various wars all year round. Even in the United States, there are more than 5000 employees who have been on the battlefield.

Moreover, these employees protect more than half of the members of the US House of Representatives, including the Mellon family, the DuPont family, the Ford family...etc.

If they dare to object, they guarantee that they will not see the sun of tomorrow.

Franklin put him in the position of homeland security, mainly because he wanted to trouble those family consortiums with high self-esteem. As for Zhengke?

Don’t talk nonsense and you’re right. If you say a word wrong, you have to serve Jesus.

By virtue of its position, the Walker Consortium has also gained a lot in South America, controlling three silver mines, six copper mines and two oil mining fields.

Although it is not as good as the Morgan Consortium and the Rockefeller Consortium, the Walker Consortium can also be ranked among the top 20 monopoly capitals in the United States.

Because the number of members of the Walker Consortium did not increase, on the contrary, a few people did not listen to persuasion during the Great Depression, made investments indiscriminately, and finally put their lives in it.

Franklin used strong means to get Congress to pass the "Emergency Banking Act", "Federal Emergency Relief Act", "Agricultural Adjustment Act", "National Industrial Recovery Act" at an astonishing speed...

During his first term in office, he successfully made the factory machines roar in unison, the bustling market scene reappeared, the bank's credit was restored, and the vehicles and ships were fully loaded with passengers and goods to trade...

In the early days of World War II, Franklin hired Russell as the Minister of the Interior. From this, it was enough to see that he valued Russell very much. Not only him, but even several veterans of the democrats were very optimistic about Russell.

Because Russell's performance during this period is really great.

Not only did they seek benefits for them, but it also kept the democrats on top of the republicans, making it impossible for the republicans to make waves.

Franklin was re-elected for three terms, and was re-elected for the fourth time in 1944 with 53% of the vote. At the same time, Russell was hired as the pro tempore speaker of the Senate, and Harry Truman was the vice president and speaker of the House of Representatives.

In April, Franklin hoped to create an effective international organization to maintain post-war peace.

The inaugural meeting of the United Nations was originally scheduled to be held in San Francisco on the 27th, but Franklin missed it because he died of a sudden cerebral hemorrhage on the 12th.

Immediately, Truman ascended to the presidency...

And Russell is still the pro tempore speaker of the senator for 8 years!

At 52 years old, Russell sat in the courtyard of the huge manor, holding a cigar in his hand, looking at his grandchildren who were playing...

Russell now has five sons, three daughters, eight grandsons and three granddaughters.

If grandchildren and granddaughters are counted...then there are even more.

The Walker family has a solid position in the United States. It is a newly rich family with the same reputation as Ford and Hunter, with a total asset of 460 billion US dollars!

In 82, the Walker family ranked third on the Forbes list with assets of 2200 billion U.S. dollars, only 400 billion away from the No. [-] Morgan family.

That evening, when Russell and Ruth were dining, they opened a bottle of 82 Lafite.

"Ruth, do you have any regrets in this life?"

"With you, I have no regrets."

Both he and Ruth's faces are covered with wrinkles, which are the traces of the years and the imprints left in the world.

"What about you? Do you have any regrets?"

Russell stroked her head and said, "My only regret is that I have been busy with my career these years and ignored your feelings."

Ruth hugged his neck, "No, I've been very happy these years. I'm glad I met you on the Titanic. Without you, I can't imagine what kind of life I would have..."