CUỘC KHỦNG HOẢNG KNICKERBOCKER 1907 VÀ PHA THÂU TÓM THẾ KỶ CỦA GIA TỘC JP MORGAN

Stockbrox is the best software for professional stock investors with many outstanding advantages. The SVA Plus trading signal is used most effectively when the uptrend market helps investors buy at a good price, sell at a high price at the right time, and get the best profit from the investment. Along with a warning system based on real-time, volatile top, big fish, etc. Help investors not miss any investment opportunities. Stockbrox, the number one tool for all stock investors. Buy the software right away when you receive a 15% discount code on BattleCry. In the early 20th century, the US financial system was in the middle of a thousand-pound chain. A financial expert in New York calculated a serious mistake. Causing an investment company to collapse and two other companies to collapse completely. This situation has caused a wave of money-laundering in banks and hedge companies in New York. Money in a blink of an eye has become extremely scarce. The largest and most important financial institutions, including the New York Stock Exchange, are also starting to face difficulties in allocating funds for their daily activities. No government agency is capable of preventing the financial crisis. Individuals in the financial system are also struggling. And at that critical moment, a man appeared at the right time to save the order of the financial system. He was in the middle of this crisis. A man who was later called the savior of the world by the United States. That man is John Pierpont Morgan, the founder of the JPMorgan Chase Group, the top financial powerhouse in the United States. He has gathered large bank owners and raised huge sums of money to help important institutions such as the New York Stock Exchange and the New York City government. As well as convincing the leaders of hedge investment companies to set up a mutual fund to help those in need. However, the gap between the hero and the criminal is very fragile. Because the pain of this man can be a joy to others. After the tragedy, the United States continued to shock itself when it realized the truth. JPMorgan Chase is in the hands of all the assets of this country. Continuous suspicions are raised that JPMorgan and his giant financial empire have taken advantage of this crisis to play the role of the weak and then began to bully other opponents at a low price. How did it all happen? Let's welcome BattleCry in today's video. Welcome to BattleCry Explore. Knickerbocker, the old gang of gangsters. Saturday, November 2, 1907, was a dark day for the United States. JPMorgan Chase is facing the collapse of Moe S. Lee, one of the largest hedge fund companies in New York. Moe S. Lee is losing a lot of money. And if they collapse, then all the banks and securities companies in the United States will quickly follow. All the chaos began only from a failed hedge fund manipulation by four bank giants 20 days earlier. Two brothers, Fritz Augustus Hanser and Otto Hanser are two large shareholders holding most of the shares in the United Copper Company. In early October 1907, the two brothers Hanser, along with Charles Moe and the head of the investment fund Knickerbocker, Charles Barkley, began a classic stock price manipulation. They considered and discovered something strange, that the amount of shares being traded on the market of the United Copper Company exceeded the number of real free shares. This situation occurs when the selling operation is very strong. The selling operation simply means that investors have borrowed shares from Moe S. Lee to sell. Wait for the stock price to fall, then buy and return. That is, most of the shares are selling on the market, certainly most of them are borrowed from the shares of Hanser. And as soon as they realized the problem, Otto Hanser immediately looked for a business opportunity. If they find a way to buy back all the shares of the brokers, then the brokers will not have enough shares to pay back the Hanser brothers. And that will be an opportunity for their brothers to seize the property of this group. And the other four began to plan to increase the price of shares by extorting funds. They will allow investors to continue to borrow shares to sell. Then the Hanser brothers will buy back all the shares. When investors cannot buy back the shares to pay the right price, then the Hanser brothers will seize the property and start killing each other. This is a very risky but also very risky move. It can kill all the middle investors. However, a change has occurred. In some mysterious way, Hanser was wrong. After the order to buy back the shares appeared, I don't know where a lot of United Copper shares were sold. Maybe there was another group that was also holding a lot of United Copper shares, but he didn't find out. And in a big game like this, a wrong move is enough for the player to pay the price. United Copper shares are continuously falling. And this is really a disaster for the Hanser group. It can even pull down the financial foundation of the whole country. The first group is the company that buys the stock market, Gross & Kleeberg, of Otto Hanser. Previously, to have capital to save this century-old affair, Gross & Kleeberg replaced the United Copper shares they owned to borrow money and then continue to buy their own shares. However, when the price of the United Copper shares continuously fell, the value of the stock market also plummeted. Gross & Kleeberg was forced to sell the United Copper shares to pay the debt to the bank. And this is why the price of the United Copper shares is rising, and the price is falling. The situation is getting worse. The banks of Augustus Hanser and Morse are the next victims. They have used too much cash to buy shares. And when the price of the shares continues to fall, these banks are starting to lose their deposits and may not have enough cash to pay the debt. Knowing this news, the sender began to line up to withdraw money at all banks that are affiliated to Hanser and Morse, making the debt lower and now even lower. Hanser and Morse are about to run out of cash and are likely to declare bankruptcy because they can't pay the right amount of cash. A bank losing its deposits and not being able to pay the debt is a disaster for all other banks. Because when a bank can't pay the money back, people will definitely withdraw all the money they are sending to other banks to protect themselves. Seeing this, New York Clearing House, an organization responsible for accounting, supporting banks in New York, has to call for help. In essence, at that time, people only withdrew money from Hanser's banks and sent it to other banks. They still believe in the banking system, they just don't believe in Hanser. Therefore, other banks only lend money to Hanser's banks to pay the investors. And then they bring that money and send it to other banks. Hanser's money will go around in a circle. The support in time has finally stopped the flow of money from the system. The banks are temporarily safe. The stock price has stabilized. The wind has been calm since then. But unexpectedly, the change happened not long after that. At Knickerbroker, Charles Barkley is also facing a problem that people who send money have withdrawn a lot of money. In this case, only JP Morgan's banks are able to save them. However, after assessing the property of Knickerbroker, Morgan's group declared not to support due to the suspicion that Knickerbroker would not be able to pay the debt. This move immediately affected other financial institutions. Because Morgan is a man of his word as well as a strong financial power. If a well-known financial institution like Morgan still refuses to help, why do other people have to get involved? And then, there was no one to help to save Knickerbroker. And then, something happened. On October 22, 1907, the investment fund Knickerbroker immediately faced a series of money withdrawals. They had to pay back $ 8 million in cash to the sender before declaring bankruptcy, could not pay back the money, and had to close. Note that $ 8 million at the time of 1907 is a very large number, equivalent to more than $ 200 million at the time of 2023. And so, the American fire started to burn. Trust is something strange. It helped build a whole banking system. But it is also trust. With just this pillar, the whole system will collapse like a domino chain. After one of the largest banks in New York lost Knickerbroker, plunged into a state of debt. Trust in investment fund managers also shrank significantly. And the next victim was called Trust Company of America. Trust Company of America is a company with a much better foundation than Knickerbroker and has the ability to recover capital. And thanks to that, this company was saved by Morgan's team and the government from money laundering. However, that amount of money is only enough to save financial institutions from a state of not being able to repay debts but not being able to support other activities. Cash has been withdrawn from the system quite a lot. Money withdrawn from banks, money withdrawn from investment funds, money withdrawn from the entire stock market. Money withdrawals have made the banking system vulnerable. Now, everyone is trying to keep as much cash as possible. Equivalent to limiting investment and lending. This has created the next victim, which is the stock market. When everyone keeps cash but does not invest in the stock market, the need to buy stocks has decreased. There is no demand from banks and stock companies. Stock prices quickly declined. On October 24, 1907, just two days after Knickerbroker fell, New York Stock Exchange witnessed a disaster. Everyone wanted to sell and no one bought. And so, all the stock prices decreased. If there is not enough demand, the stock market will definitely collapse. When the situation is unstable, the US government and banks continue to work with Morgan Group to invest in the market. They continuously buy stocks to increase demand and save the stock market. In the meantime, a crisis will not be different from a house fire. When a house has just been demolished, the next house will continue to burn. A series of bad news comes to Morgan Group and its employees. A series of securities companies will stop operating because there is no cash left. New York City will go bankrupt because regular bonds cannot be issued A series of securities companies that are trading securities will be sold at a discount and of course, will go bankrupt. Among the securities companies that are at risk, there is Moe S. Lee, one of the largest securities companies in New York City. This company traded with Tennessee-Coran, Arron & Rehnroth. Due to the strong decrease in TCNI shares, and the U.S. is in a crisis, there is no way to save the stock market. And in the most critical moment, J.P. Morgan immediately gathered 120 representatives of banks and other investment funds to save the U.S. financial system. Morgan decided to use his company, US Steel, to collect TCNI to avoid disaster for Moe S. Lee in particular and the general market. Because at this time, US Steel has taken up up to 60% of the market and the TCNI collection is against the competition. However, President Roosevelt still has to break the law to avoid everything going further. In the end, the U.S. financial system was held by Morgan. For those who are interested or are investing in the securities market, StockbrokerX may be a good choice for you. With the application of AI technology and market analysis and early warning, StockbrokerX will help investors choose the best price range to make the most effective buying and selling decisions. You can click on the link below the description to find out and receive a 15% discount code from BattleCry. Morgan, the hero of the crisis. On Wednesday, November 6, 1907, the collection was officially completed. Mark Anseli was officially rescued and the belief gradually returned. The end of nearly a month of crisis seemed like it could not be overcome. The tragedy ended when the press published the latest sensational articles. His name was put on the news. The whole city of New York called the hero J.P. Morgan. A newspaper ran the news very loudly. J.P. Morgan restored the situation of the entire investment company. The Wall Street Journal gave more objective comments. Nothing in Wall Street's history could be more important or more dramatic than the nightly meetings of Wall Street investors at Morgan's family library. It was clear that he was born at that time, the leader of that time, but the gap between the hero and the criminal was very thin. The American people had just escaped the crisis, but it seemed like they were entering another dangerous and terrifying crisis. After rescuing the whole city of New York from the disaster, people suddenly realized that J.P. Morgan was in the hands of a variety of investment banks, commercial banks, securities companies, and big companies. J.P. Morgan held the entire American economy in his hands. This made people really worried. J.P. Morgan ended up rescuing America or did he just play the role of a hero to carry out his self-sacrificing missions? The American people's doubts were not without basis. On the night of November 22, 1910, three years after the crisis, a group of journalists arrived at Hoboken, New Jersey, and witnessed a group of passengers and U.S. financial tycoons secretly leaving the station. Many years later, the journalists discovered the truth of the secret mission that night. But even when they knew, they could not understand that the history of the United States had had a strong transition from that night in Hoboken. The group was led by Senator Nelson Andrews, Chairman of the National Security Committee, grandfather of Nelson Rockefeller, along with six other senators, namely Pierre Andrews, Assistant Secretary of the U.S. Treasury, Frank Vanderlip, Chairman of National Citibank, Henry Davison, a senior shareholder of J.P. Morgan, Charles Norton, Chairman of First National Bank, Benjamin Strong, Assistant Secretary of J.P. Morgan, and especially Paul Warburg, the most important name, a banker from Thailand who came from Germany. A person with a close relationship with the Rothschild family. He also had a very close connection with two other powerful wealthy families, namely Morgan and Rockefeller. Before this conference, these seven people were asked to go on a secret trip at all costs to avoid the eyes of the reporters. Quite funny is the case of Paul Warburg, a senior in the banking sector, one of the men who had to carry a gun with him on that day to pretend to be himself. Although he had never touched a gun before and the gun he carried was not intended to cover the eyes of the world and the press. But the above information was enough to create a mysterious story. Albrich's private car was waiting outside the Rothschild-Georgia station and took the whole group into the gloomy darkness of the Hoboken to Jekyll Island. A few years ago, the members of the Rothschild-Georgia group set up the Jekyll Island as a place to sabotage the plan to control the money and profits of all Americans. Not only because of its complete isolation, but also because it was the personal right of each person to participate in the plan to ensure privacy. The Jekyll Island was not allowed to use its real name for a long time. The reason for this is because the nature of the meeting was ordered by the National Monetary Authority. In fact, nothing good was done on Jekyll Island. This place was just a place for the National Monetary Authority to hand over the task from the government as I said above. The threat at that time was the manipulation of money and profits. The meeting on Jekyll Island ensured that the so-called Central Bank would be born in the US and it would meet the wishes of the landowners, the people who are sitting here and will create it in the future. In 1912, Puzo was founded led by Axel Paulin Puzo to investigate the economic manipulation of the Managers Union, Morgan's Union and its allies. In the book, a famous Merchandising, Louis Brandes wrote that Puzo found out that Morgan's group owned 118 leadership positions in 34 commercial banks and companies with a total of 2.679 billion USD and a total of 1.983 billion USD. 30 leadership positions in 10 insurance companies with a total of 2.293 billion USD. 105 leadership positions in 32 transportation systems with a total of 11.784 billion USD. The total length of transportation is up to 50.200 km. This is not including fast-moving companies and maritime companies. 63 leadership positions in 24 manufacturing and commercial companies with a total of 3.339 billion USD. 25 leadership positions in 12 public service companies with a total of 2.150 billion USD. In total, they hold 341 leadership positions in 112 companies with a total of 22.245 billion USD. To imagine how big the 22 billion USD is, let's compare. US GDP in 1913 was only 39.1 billion USD. Thus, Morgan's total assets were controlled by 57% of US GDP. In 2013, US GDP was 80.664 billion USD. 57% of US GDP was nearly 46.000 billion USD, which is about 92 Apple companies combined. Morgan's financial assistance in 1907 contributed to the massive financial power that the US had to face, making the economy very unstable. Later, Clayton Antitrust Act was passed to regulate Morgan's activities. The US Federal Reserve was officially established in 1913 to prevent money laundering such as the Klinker-Bocker crisis. The US economy changed a lot after the 1907 crisis. Charles Morgan, Arthur Hanser, and Charles Moore had to go to jail. The fate of Arthur was not clear. Augustus died in 1914. Charles Moore was sentenced to 15 years in Atalanta for violating the Federal Bank Law. Charles Barkley died on November 13, 1907. After the crisis was settled, Charles Barkley shot himself and shot himself. A lot of theories were made after Barkley's death. Was he the one who made a huge amount of money go to the market? Or was he the one who made the crisis affect the US financial market? This is the name of J.P. Morgan. There are too many questions to answer. However, the legacy of J.P.M is still there. The wealthiest people in the financial world have no way to expand their influence. And Fed is also a risky country that the world has just realized. The US in 2023 was also on the brink of the crisis when three banks announced bankruptcy. Silicon Valley Bank, Signature Bank, and First Republic Bank. First Republic Bank is a bank worth $230 billion, equivalent to VND 5.4 million. What caught the public's attention was J.P.Morgan Chase. Once again, he played the role of a hero in rescuing bankrupt banks. J.P.Morgan Chase and First Republic Bank bought almost all operating accounts of this bank at the most competitive price. J.P.Morgan Chase also accepted to buy bonds that other banks did not want to buy. And so there is nothing surprising when the US insurance company prioritizes J.P.Morgan Chase over First Republic Bank. Despite the decision that J.P.Morgan Chase holds about 10% of the total funds in the US, this bank is banned from collecting other banks, except for the case of buying a weak bank. Although J.P.Morgan's CEO Jamie Dimon has said that they consider the merger of First Republic as a community mission to rescue other banks. However, it did not prevent the public from once again raising the wave that criticized J.P.M. J.P.M. has been successful in increasing its scale and now the whole system is going in the right direction for J.P.M. At the time of the financial crisis in 2008, the largest bank in the US, J.P.M., has become a savior of Beeston Bank and Washington Mutual. The biggest bank crash so far, and it happened just like what is happening with First Republic Bank and like what happened with the previous merger, this is probably the most effective way to expand J.P.M. Today, J.P.M. is a giant bank with assets up to 3.7 trillion dollars and 250,000 employees. This is the result of the most coordinated process throughout the century. At the moment, J.P.M. is the largest bank in the US in terms of total assets, total money transfer, and market cultural value. It accounts for more than 13% of total money transfer in the US and 21% of total spending by credit card. It is more than any other bank. Along with the branch operating in 48 states, J.P.M. has grown too strong to collapse. And the fact that J.P.M. continues to maintain its influence on the US,