America: My Time

Chapter 1074 John's Attitude
Chapter 1064 John's Attitude
"I understand those guys' schemes. After all, many of them are eyeing gold futures. Although some are openly targeting Sumitomo's control over copper prices, gold futures are more valuable. But it won't be so easy for them to outmaneuver me. They don't have as many gold futures contracts as I do!"

Morgan wasn't surprised by John's statement. It would be problematic if John showed signs of backing down. Jaguar Security had been operating in Africa for so long, trading with the local people for so many years, and possessed a vast amount of gold. Even when the Russians fell, a significant portion of their gold reserves ended up in the hands of this shrewd John.

Although the Federal Reserve's methods were sophisticated, John had a better reputation in Russia. Those guys weren't fools; only a few were truly stupid. As John once said, Russia's collapse wasn't because they were truly doomed, but because they had internal problems, which led to their disintegration.

No one knows how much gold reserves the Russians have. It's impossible that John didn't receive these gold reserves from the Russians, especially since John did a lot of work for the Russians back then. So many people are eager to find out exactly how much gold reserves John has, but they simply don't know.

Before John's gold reserves are clarified, no one will target him. After all, financial warfare is primarily about strength, and no one is willing to take risks, especially those guys. This is also the source of John's confidence; as long as he maintains this trump card, he has nothing to fear from those guys making a move.

"John, you should be more careful. Also, be careful of those banks making trouble for you; they are not simple!" As he said this, Morgan shook his head and sighed, a hint of worry appearing in his eyes. He was also very troubled by the situation within Morgan, as he needed to consider many more issues and matters.

Upon seeing the change in his boss, Jimmy, who had been silent all along, spoke up: "John, I wonder what your plans are next. I heard that your business in Asia is not yet finished, and even your business in Japan is not yet complete. I wonder how long you will stay in the United States. You should know that there are a lot of things here that need your attention. You should also give Hollywood an explanation. Oil Capital is still waiting for your reply!"

"I will give Hollywood a reply. However, this is a minor matter; I won't be as dishonest as those guys. There are indeed many things to deal with in the United States. I want to sit down with the president of the White House to talk about Westinghouse Electric. As you all know, Westinghouse Electric is in a very unfavorable situation right now. If we rely on the United States, there is no hope at all. I need to get Westinghouse Electric out of the United States!"

As soon as John finished speaking, Morgan immediately understood John's thoughts and said, "You plan to have Westinghouse Electric cooperate with China. I'm afraid it won't be that easy. There will be considerable resistance. After all, Westinghouse Electric's technology will give those cunning and treacherous guys more reasons to thwart your plans!"

"I not only want to cooperate with China, but also with other capable countries around the world. Otherwise, Westinghouse Electric's development in nuclear power will be in dire straits, with no hope whatsoever. A company that sees no profit cannot receive financial support. If those guys object, Westinghouse Electric will completely abandon all nuclear power research and development. I will not let them invest their energy and funds in this hopeless project. We must be decisive in cutting what needs to be cut, just like when I took over Bell Labs. Good steel should be used where it's needed most. I need to use the limited funds on research and development that can generate profits for the company, instead of wasting them on hopeless projects!"

"This definitely requires you to have a good talk with the White House. For Morgan, it won't be an obstacle for you, and I believe no one else will do the same. Just like the military industry now, everyone needs to find new directions for development and needs to make changes, otherwise they will only be trapped. However, it's hard to say whether the White House will agree!"

"It doesn't matter. I don't need their strong support. I only need their tacit approval. If the White House insists on stopping me, I can only abandon the project or even sell everything in it. I believe those guys in Japan will have something to say about it. Besides, Japan is our 'ally' and has suffered such an attack before. The White House shouldn't refuse such 'cooperation' and has no reason to stop it!"

When John finished speaking, Morgan and Jimmy both gasped, shocked by John's audacious idea. They never imagined John would have such a plan; it was a situation they didn't want to see, and a result the White House would find hard to accept. But if John really did it, the White House would also be in trouble. If the White House dared to refuse, this cunning John would definitely cut all the projects, or even have the US government take over. If it came to that, the pressure on the White House would be immense!
“John, your idea is insane. It’s best not to do it if you can avoid it. Once you take this step, there’s no turning back, and your relationship with the White House will immediately become hostile!” “I don’t want to do this either, but Western Energy won’t take on such a heavy burden. I was forced to accept the Permian Basin oil field back then, and I won’t continue like this, even if it’s an acquisition I completed voluntarily. No one will do research without profit, and the company doesn’t have that much capital. The nuclear power industry in the United States is already saturated, so I have to do this, and only by doing this will the company have more motivation.”

"So when do you plan to talk to the White House about this? It's better to talk about it sooner rather than later, at least both of you will have a way out and it won't get out of control!"

"Tomorrow, I will go to the White House and have a good talk with that president. I hope he won't disappoint me. After all, no one wants to see it come to that. To be honest, I don't have a good impression of this guy. He seems to be making the right choice to vigorously develop the US economy, but he is doing so at the expense of the military industry. He has directly cut so much research and countless people's hard work. It would be a disaster for the US if it weren't for this."

“John, I admit you have a point, but the current situation in the United States can no longer afford such enormous expenditures. If things don't change, the United States will soon be in dire straits. Russia has already collapsed, and the United States no longer needs to invest so much in research and development. This is a consensus among everyone, and it is the tacit approval of all the conglomerates! You received such a notification before, and you agreed at the time!”

“I know, but I didn’t expect them to go this far. However, I’m not the one who’s going to suffer, but the others. Gulfstream is still running quite well, and I don’t have the same pressure as the others, so I can hold on, but I’m afraid the others can’t!” John said with a hint of sarcasm on his face. Those guys thought they could trap him with such methods, but they were just overthinking it.

“John, if you have time, let’s have another good talk. At least let’s sit down and have a proper discussion among the people in our banking circle. Many people are uneasy about your expansion. Although you’re just a savings bank, many people can’t accept this kind of crazy expansion. After all, the market is only so big, and if you take too much, it will cause public outrage!”

"The strong rule and the fittest survive. This is a famous saying in our financial circle. When do we need to consider other people's opinions? Wall Street has never had such a saying. Besides, how much development has Chengxin Bank had? If they think there is a problem, that is their own business and has nothing to do with me, unless they want me to interfere in investment banking and want Hurricane Investment to enter a crazy expansion. In that case, they will have to bear all the consequences themselves!"

At this point, John had no intention of compromising any further. He was willing to compromise on some things, but when it came to his grand plan, there was no room for compromise. So even if Morgan spoke up, John wouldn't agree. Of course, John also understood that this wasn't Morgan's own idea, but rather someone else's persuasion.
"It's up to you. I've said everything I needed to say. Whether you accept it or not is your choice and your freedom!"

“I know and I understand, so I don’t care. That’s just how things are. They can’t restrict me in everything. I won’t agree to that. If I can’t even develop the savings bank with peace of mind, why should I have any more concerns? I can completely give up everything about the savings bank and focus all my efforts on developing the investment bank, or even acquire a Wall Street giant!”

John's words shocked Morgan and Jimmy. If it really came to that, the consequences would be severe. They would rather John develop within the savings bank than allow him to enter the expansion of investment banking. John's current strength was indeed enough to replace a Wall Street giant. If it really came to that, things would get out of control, and John's development plans might even change, shifting from industry to finance. This was not an outcome they wanted to see!
(End of this chapter)