Chapter 1381 - 449: Industrial Upgrades

Chapter 1381: Chapter 449: Industrial Upgrades

Any trillion-dollar industry can be considered the lifeblood of the nation, a decade-long plan requires the mobilization and consolidation of countless resources and forces.

The current Federal Government is not like the government of ninety years ago, it doesn’t have that much power.

Moreover, such a plan must have a strong executor and institution, otherwise it will become a situation like in some countries where lofty ambitions lead to investing hundreds of billions in developing green energy batteries, with lots of money thrown in only to result in complete failure.

Then there’s the matter of money mentioned by Walt.

In the past, when the Federal Reserve hadn’t failed, the US Dollar could be printed rapidly; with the phrase "unlimited quantitative easing," a nuclear-powered printing press could churn out trillions, belonging to the ’if you can imagine it, I can do it’ category.

But now it doesn’t work like that; after the ’94 financial crisis, JPMorgan Chase collapsed and went bankrupt, Rockefeller Bank was acquired by Military Technology, the biggest economic pillars of the two parties collapsed, the world currency standard was taken by the European Community, the Federal Reserve no longer holds power, banks in cities operate based on corporate dependencies, New America simply doesn’t have the capability to produce so much money, and rampant printing would likely turn the already unused US Dollar into paper currency.

You think spending fifty thousand for a loaf of bread was Mark’s limit?

No, no, no.

In fact, at that time a loaf of bread in Germany cost hundreds of billions, saying it cost fifty thousand was just to avoid shocking you.

Therefore, this money must not come solely from the printing press of Military Technology, at least not entirely.

In today’s United States, 2% of the people possess 197% of the nation’s wealth, while the rest owe 97% debt.

If you want money, you have to get it from those with money.

"I must admit, this is indeed an unprecedentedly large investment, the Federal Government originally planned to advance the recycling industry to full nationalization, hoping to use it to recover New America’s declining economy."

Calling it nationalization, it’s actually Military Science and the Federal Government each holding 50% shares, but anyone with common sense knows it’s impossible, as it completely ignores the local enterprises of each state.

Lucas certainly knows this plan won’t work, but if the policy fails, it can strike against the supporters behind President Miles.

"However, after my persuasion, President Miles agreed to reopen negotiations with Military Technology to change the equity structure of the recycling industry chain."

Miles can only be put in the position of playing the bad guy.

"Simply put, the Federal Government will classify the technological processing on the recycling industry chain, list it on the Federal Government’s official website by facility as a roster."

"Market investment bidding will take place: how much you invest, the Federal Government and Military Technology will match, and a special bank mortgage loan will be opened for the construction of the recycling industry, while investors will also have priority in receiving government construction orders, and enjoy certain tax exemptions for a set number of years...."

Simply put, if you invest five million into the steel recycling industry, the Federal Government and Military Technology will match your investment with another five million, and you can even mortgage your factory assets to obtain another loan to reinvest, thereby expanding your equity share.

Furthermore, businesses can even mobilize employees to invest together, truly — pay to work.

Additionally, construction orders for steel for building factories will also be prioritized for your factory, thereby reducing risks and costs during the period of industry upgrade.

The essence of it all is summed up in one sentence:

You guys handle the money, get the factories built for me, stabilize job positions first before considering the profits.

Many people laughed in disbelief at what they heard.

You plan is like trying to butcher us like pigs.

Walt is a smart person, the things Lin Miao and Johnson mentioned are actually directed at the workers behind the scenes of Johnson.

Through Walt, Lin Miao is conversing with the entire Detroit asset group behind him.

In other words, Lin Miao invited Walt to speak on behalf of those people behind the scenes.

"But how can we ensure that these recycling industries have enough competitiveness in the market? What if the industry loses money, wouldn’t investors face a total loss?"

Being able to boast is not a skill, these corporate groups encounter numerous people pretending to be confident to swindle investments every day, the crucial point is how to make them believe that the confidence is real, rather than just pie-in-the-sky.

Lin Miao gave Pan’an a look, signaling her to activate the projector.

Several holograms of special technological products appeared in the broadcast room.

"Generally speaking, I would tell you that investment inevitably carries risk, with the possibility of losses or gains being normal, but today I want to tell you that what you’re investing in isn’t just a product or a company, but the future of New America, this is no exaggerated sales pitch."

Lin Miao looked at several workers and homeless people.

"Everyone, what do you think is the most crucial thing for the industry of the society we live in?"

Todd: "God."

Homeless Ron: "Food."

Johnson: "Steel."

Tyler: "Money!"

Walt: "It’s oil and fuel."

"All have valid points."

Lin Miao didn’t choose any particular one.

"But I believe it’s electricity, it’s electricity that has given us everything in modern society."

He rose to make a grand introduction.

"Ladies and gentlemen, gaze upon the greatest technological crystalization of the 21st century besides the internet— the fusion nuclear reactor."

A holographic projection of a reactor appeared within the setting.

"In the past two hundred years, the source of our electricity, both for living and industry, has either been thermal power, nuclear fission reactors with their high pollution, or wind power and solar power with their unstable supply systems, but none can break past the upper limit of energy systems, and we’ve paid a huge price for it."