Wall Street of the third generation chaebol

＜ A new phase. (3) >

Count Sheremetev.

This novel was posted at https://readwn.com

One of the prestigious families with the highest tier among the boyars (noble families) of Imperial Russia. It was a great family that had emerged as the wealthiest man in the former imperial Russia, and is also one of the real estate conglomerates that took control of Moscow.

“Stocks, real estate, finance. The market is all gloomy.”

Count Sheremetev struggled.

The recent economic situation in Tsar Russia has been so bad that even Treasury Minister Sergei has been unable to get his hands on it.

“The lack of power by the Ministry of Finance means that the state-owned banks have already run out of cards. Even if the ruble mint is turned like that, will deflation not recover?”

“Sir Sheremetev, the amount of smuggling from large farms is still there.”

“Heh heh, my friend. Do you think that not only imperial Russia but the whole world is concerned only with agriculture as they have to run towards the Industrial Revolution? It’s good to hold on to your current position as a large landowner, but the future of the Sheremetev family depends on industry. . You have to take care of the Industrial Revolution.”

In Sheremetev’s view, the industrial power of imperial Russia was not in bad shape, even if it was behind Britain, Germany, the United States, and France.

The industrial power of the comparative forces is going crazy. Imperial Russia was also developing vigorously under Finance Minister Sergei Witte.

“Sometimes incompetent nobles slander Finance Minister Sergei Witte, but well. His achievements in absorbing foreign capital indefinitely are commendable.”

“Is that so?”

Count Sheremetev’s attendant furrowed his eyebrows slightly. The Count smiled and explained.

“Yeah, you have to broaden your knowledge, so listen. The nobles who undermine Minister Sergei Vitet say that foreign capital drains Tsar Russia’s wealth abroad. At first glance, it seems right. More capital is reinvesting in Russia.”

“Sir, do you mean to earn money in Tsar Russia and reinvest in Tsar Russia?”

“Yeah, I don’t really like Minister Sergei Witte, who wields a sword with the Tsar on his back, but I have to acknowledge his achievements.”

The countess of Sheremetev judge the situation soberly. There was a lot of information that came into my ears, and my personal connections overflowed.

They were a family at the center of the boyar (noble) class in imperial Russia, and the power to wield it was strong.

The power of imperial Russia consists of three axes.

Nobility, the royal family and the bourgeoisie.

The Count Sheremetev family was both ‘noble bureaucrats’ and ‘bourgeois’ at the same time.

As a venerable count family and one of the largest chaebol families, he had a powerful sword in his hand.

Each and every remark that came out of Sheremetev’s mouth had a significant impact on imperial Russia.

“But as oil, coal, and steel poured into imperial Russia at low prices, they were all destroyed.

“Are you going to be reorganized?”

“As coal and oil became cheaper, transportation costs were greatly reduced. As the transportation cost of goods gradually became cheaper, prices fell. Monopoly capital tried to eat all the profits, but there was no answer because emerging powers entering the market subtracted the transportation costs. Yes, the price has been reduced in the end.”

“…because the Ministry of Finance has opened up the market, it has made it easier for foreign capital to enter.”

“Yeah, and besides, the railroad tycoons have sold out. Steel prices have gotten cheaper, and timber prices are just a chewing gum in Russia, so we’re just starting to build railroads. .”

wow.

He clenched his fist and crushed the fruit in his hand.

Contrary to the positive content that came out of his mouth, Sheremetev’s face began to darken.

“Yes, but there is a problem. The ruble is starting to dry out in the market. The dilemma of the gold standard.”

“We couldn’t solve it even with government bonds, so the Ministry of Finance poured rubles into the mint.”

“I couldn’t help it. When the ruble in the market dries up, deflation begins. No, it has already started.”

Sheremetev, who could see the situation of the treasury like a hand, knew. The economy of imperial Russia had already been in the process of deflation, and the economic recession was deepening.

In fact, the British government intentionally absorbed the ruble and blocked its circulation, but Sheremetev was unaware of this.

The market is bad.

The St Petersburg stock market is down every day.

The ruble, which was printed at the beginning, had already exceeded the limit, and the Russian economy would collapse if it was printed more. The Treasury turned off the mint and just waited.

“The Ministry of Finance is also focused on resolving the government bonds that have been scattered by the Trans-Siberian Railway. The government bond interest of 220 million rubles per year bleeds through blood, so there is no room to worry about deflation.”

“It’s a total mess.”

“Yeah, to be honest, at first I was suspicious of guys like Bra Novel who poured out oil and coal at low prices, but in the energy business, there are a lot of original brokers. They have deep roots, so I can’t pick them all up. It’s possible that the brokers, not Bra Novels, did it. It’s okay, there’s no limit.”

“Still, the oil companies like Bra Novel and the Donbass Coal Company are also at fault, don’t they?”

“The oil cartel is so limited in information that it is impossible. Even Branovel acted like crazy and devoured Donbas and Baku through hostile mergers and acquisitions, so how much stronger must it have become.”

“The nobles are not one or two entangled.”

“One or two? If you include the half-fallen nobles, hundreds would have been tied together.”

Sheremetev struggled.

Is there really no way to overcome this situation and increase Sheremetev’s wealth? Deflation will one day bring a panic in Tsar Russia.

Five years have already passed since the beginning of full-scale deflation.

It is not at all strange when something explodes.

In order not to tarnish Sheremetev’s name, he must plan to raise his capital even in the midst of a panic.

“Do you know how to make money in a panic? It doesn’t have to be a panic. In times of economic crisis.”

“Sir, aren’t you hoarding gold and cash?”

“You’re right. But there are ways to go one step further and pick up fallen angels.”

“Falled angels?”

“It’s been one of the buzzwords on Wall Street recently.”

Fallen Angel.

Bad bonds that are judged ineligible for investment and companies that have fallen to junk bond ratings.

However, the angels that fell during the economic crisis are often excellent companies.

“In a panic, it is said that the credit ratings of the blue-chip companies plummet due to the economic crisis. The Wall Street guys say that if they receive a non-investment judgment, they become garbage bonds.”

“It’s an opportunity. If it’s a good company, the recovery will be quick.”

“That’s right.”

Sheremetev shook his head.

“It’s an opportunity to be wiped out. An economic crisis makes you rich if you use it well. But it’s difficult. It’s very difficult. It’s not something you can do alone.”

“It’s a shame, but I know that Sir Sheremetev is a member of the State Council. The State Department, the legislative branch, has no way of solving it.”

“Dismissal. Tsar Nikolai has claimed to be the backbone of Finance Minister Sergei Witte. Our turn never comes.”

The biggest problem is that Tsar Nikolai, the head of the Romanov imperial family and the emperor of imperial Russia, supports Sergei Vite.

can’t angle

Many nobles try to assassinate him, but they fear the Tsar’s Ohrana.

Public Security Order Protection Bureau.

This novel was posted at https://readwn.com

Oh my.

These secret police are under the jurisdiction of the Minister of the Interior. They too have the Tsar’s eyes and ears. can’t rely on

“Tsuk, who am I going to assassinate right now on a plate that might contain arsenic in my teacup?”

Quad-!

“Sa… Please help me! I never added arsenic or anything!”

The face of the attendant who was training next to him turned white, and he fell to his feet and trembled.

Sheremetev glanced at the attendant, then averted his gaze.

“It’s ugly, so get up.”

“Yes, yes!”

Hurup.

Sheremetev drank his teacup roughly. Although he had no dignity as a nobleman, he was expressing his current feelings accurately.

widely.

When I put it down rough, the teacup cracked.

“I need a partner.”

Sheremetev murmured.

“Anyway, Finance Minister Sergei has opened the door to foreign countries. Then I will use it actively.”

Inevitably, it joins hands with foreign capital.

Now, the Sheremetev family desperately needed a partner to increase their wealth. The Romanovs and the Treasury, if not enemies, were likely not on their side either.

I’m worried.

It requires the presence of a partner.

Sheremetev immediately thought of a place in his mind. With those who built walls by weaving the cartel and monopoly capital, it is a little too daunting alone to make a huge profit in the midst of it.

However, there are few partners who can handle the size of Sheremetev’s assets.

In order not to get caught up in the economic crisis, the stakes with Russia must not be too close.

Although we will continue our relationship with our existing partners, we have to dig a new way out as long as the panic is in sight.

exit strategy.

Even if everyone is annihilated, I will live.

“There’s only one place.”

Sheremetev got up from his chair.

“It’s America.”

new partner.

The capital of Young Dogg still took control of the Russian economy. The new US capital will be welcomed by Finance Minister Sergei Witte and the Tsar.

It was the moment when one of the wealthiest people of imperial Russia had the United States as a partner.

“Who is the hottest person on Wall Street or the American business world lately?”

Sheremetev was confident.

No matter who the new partner is, if they hold hands with him, they will give them wings to fly in the Russian economy.

He gladly called the attendants.

***

“Seremetev?”

Washington DC

US Treasury Building.

I was a bit surprised by the reports of the hedge fund’s secretary’s office and the Treasury’s secretary that came in at the same time.

At the same time, the same forces reached out to both institutions. It was a deliberate approach, but the moment I heard the name of the approaching subject, I felt an electric sensation piercing through my spine.

“If it’s Sheremetep, it’s a chaebol family in imperial Russia and a powerful aristocratic family. Isn’t it the most powerful person in the world? Besides, it’s crazy to be a member of the State Council, the legislative branch…”

This novel was posted at https://readwn.com

Of course, access is possible.

The problem was when they approached me. At the moment when they were about to bomb imperial Russia, they reached out their hands.

Is this a catch or a trap?

‘Did Ohrana find out?’

Sheremetep, who penetrated the backbone of imperial Russia, could always contact Ohrana through the Minister of the Interior.

His fame can also be seen in modern Russia.

The Sheremetev platform of the Moscow Central Railway was named after the Count Sheremetev, and Sheremetev International Airport was also named after the Count.

Seeing my hardened expression, the secretary shook his head.

“It’s probably different from what the Finance Minister is worried about, so you don’t have to worry about it.”

“What did the dragon say?”

“At the request of Count Sheremetev, you are looking for a new partner. I have heard that you have written the details in this letter.”

The secretary handed me an envelope.

He is a temporary secretary of the Treasury during James’s absence. Once I hired him, he was quite resourceful and it was nice to see him supporting the Venezuelan thing well.

This novel was posted at https://readwn.com

Once I received the letter.

“…It is written that Count Sheremetev foresaw panic and asked for cooperation in order to form a new partner. This man is a nobleman and bourgeoisie of Imperial Russia. It is certainly not a lie.”

The secretary pondered my words and opened her mouth.

“Sir, the name Detroit do Morgan extends not only to New York’s Wall Street, but also to Tokyo’s financial district, the City of London, Frankfurt, and the like, as well as the bureaucrats of Washington’s Treasury Department.”

“Hmm?”

“That’s the bottom line,” he said. “If you were to choose the person who most resembles Sheremetev in the United States, in all probability, you would choose the Minister.”

“You think I’m the most similar to Sheremetev in America?”

“Yes.”

The secretary nodded.

“The current Morgan family is undoubtedly the largest chaebol family in the United States. The Minister even took the title of influential politician with the full support of President Roosevelt. Aren’t you making a mark in American economic history?”

“It’s a bit embarrassing to paint it so openly.”

“It is a fact. And Count Sheremetev may have felt a sense of familiarity in that respect.”

The secretary paused for a moment.

“…It means that we have detected a signal that the Russian economic situation is going to be the worst. I think that a sudden message can be an indicator of the urgent situation of the Russian economy.”

“The secretary is right.”

I nodded.

“Sheremetev is in a hurry now.”

He shook the envelope.

“You can tell just by looking at the letter. He wrote meticulously about the Russian economic situation with sharp and objective observations and sent it to me. So I know that this is not a trap, but the truth.”

I closed my eyes.

“But trust is another matter. I’m going to use an agent.”

If you forget the lessons learned in the German Empire, you are no longer human. In addition, there is a lot of work to be done as a finance minister.

It’s true that Sheremetev’s letter, though urgent, feels like testing me.

‘If Sheremetev becomes a partner, it will be possible to enter the center of the Russian economy at once. If this is real, it must be a huge opportunity.’

Sheremetev is certain to panic.

Even if I were to scrape the Russian economy, I was very likely to accept it as a panic. In the first place, it was not likely that they would discover the secrets that even Ohrana had not yet uncovered, and it was as if I had the best lobbyist.

He was also willing to increase his fortune.

If the truth is discovered anyway, there is a high possibility that Russia as a whole will turn into an enemy. It’s best to suck up the help you can get right away when you’re just being beaten up for nothing.

“Not bad.”

I got up from my seat.

I approached the window and looked around downtown Washington, DC.

“Hold hands.”

And smiled.

“Secretary.”

“Yes, Minister.”

“Sheremetev will remain silent on the British Treasury Secretary for the time being.”

“!”

The UK has a strange cohabitation relationship.

Having a lot of ties to the same Anglo-Saxons makes them like potential allies, but they’re not wholly trustworthy.

Some of Belfour’s teeth were exposed to me, so we have to be careful with the relationship.

The secretary opened her eyes and then gave a faint smile.

“I’ll take action.”

“Okay, then we’ll have a partner…”

bang.

I swung the window wide open.

“Can you try to do it better?”

＜ A new phase. (3) > end