America 1919-Chapter 878 - 300, lure you into the jar_2

Donnie asked with a smile, "Including convincing the chairmen of the Federal Reserve Banks?"

There were some chairmen of the Federal Reserve Banks who opposed Venus Bank becoming a shareholder of the Federal Reserve!

Paul Warburg sighed and said, "Donnie, I have to say, you are a very tough opponent, so now I am very glad that we are good friends!"

"So you agree to this?" Donnie asked with a smile.

"If your investment is enticing enough!" Paul Warburg said!

Donnie nodded and joked, "Now you should be able to convince them!"

Previously, when Felix Warburg represented Paul Warburg to approach Donnie, he said that they were unable to persuade those people!

Paul Warburg said, "I believe that anything in this world can be negotiated with interests, and if your investment plan is interesting enough to everyone, then they would definitely be willing to offer you something in return!"

Donnie nodded slightly, not dwelling on the issue too much, and said with a smile, "Actually, this investment is a very straightforward one; as long as you have the money to put into it, the return is definitely going to be astonishing!"

The more Donnie talked like this, the more interested Paul Warburg became.

"So what exactly is the investment?"

Donnie stood up with a smile, pointed to the map of the United States hanging on the wall in his office, and finally, his fingertip landed on the location of Florida.

"I think you must be aware of some things about the land prices in Florida, Paul. I have already gathered more than a hundred million in funds to enter Florida, planning to widely purchase land and real estate there. This amount of money, to the currently booming real estate market in Florida, will be like a can of gasoline, pushing the property market in Florida to an absolute peak."

"If someone were to purchase vast amounts of land at a low price in Florida now and stockpile it, I believe that in a few years, whether keeping these lands in their own hands or selling them off, both will bring substantial profits to these investors!"

Paul Warburg got up excitedly and came over to Donnie.

He understood too well what Donnie was suggesting.

Regarding the real estate situation in Florida, Paul Warburg had heard something but had not taken it too seriously, as it related to the economic character of the Kuhn, Loeb & Co. consortium.

What they valued were the finance and heavy industry sectors, not paying much attention to the land market, as they believed that the returns from finance and heavy industry were higher than those from land.

But now Donnie told them that he was ready to speculate on the land prices in Florida with more than a hundred million US Dollars in cash, and that changed the picture.

"Donnie, are you so certain that land prices in Florida will continue to soar?"

Donnie chuckled and said, "Paul, let’s not beat around the bush with each other, to put it bluntly, even in a landlocked state, with more than a hundred million US Dollars in cash injected, the price of land will definitely rise sharply in a short period of time, let alone Florida’s current rapid development. Miami has even become the second-best resort city after Atlantic City.

"Moreover, the geographical area of Miami is larger than Atlantic City, and the environment is better too. I can’t think of anything that can stop the growth of this city and this state."

"Moreover, as the vice-chairman of the Federal Reserve, you should also know that many banks have already prepared to go there and start their branch business, which is a sign of Florida’s economic takeoff. If you don’t enter at this time, I really worry that God will come to punish me in my sleep!"

"Donnie, you shouldn’t joke about God!" Paul Warburg said earnestly.

Donnie shrugged his shoulders without responding to this comment but smiled and said, "So Paul, do you think my investment is enticing enough for you to resolve those chairmen of the Federal Reserve Banks?"

Paul Warburg nodded and said, "I will help you persuade them!"

This was already a matter not requiring further consideration; now, what Paul Warburg was most concerned about were two questions.

"Just now, Donnie, you also said that many banks have already started to move toward Florida, what about your Breton Bank? Are you also preparing to go there?" frёeωebɳovel.com

Donnie shook his head and said, "It’s not the time yet, of course, this is not because we are not optimistic about Florida but because Breton Bank has its own development plan. They have already decided to open a branch in Los Angeles, California first. You know I also have shares in United Artists, and this decision was made before I decided to invest in the Florida real estate industry; actually, Breton Bank’s branch in California is now underway in Los Angeles.

"Moreover, the size of Breton Bank is there, building branches in two states at the same time is unrealistic.

"The investment in Florida is a long-term one, so we are not in a hurry, and we can even pick a good location for Breton Bank’s future presence in Florida!"

Paul Warburg accepted Donnie’s explanation because all of it made sense.

"I have another question!" Paul Warburg continued, "I trust your capabilities, Donnie, but a sum over a hundred million dollars is no small amount, so I assume your co-investment partners must be very powerful, right?"