The Salted Fish Invading the Entertainment Circle
Chapter 155 Why do you hate the US Emperor so much?
Chapter 155 Why do you hate the US Emperor so much?
Time flies, another month has passed in the blink of an eye,
As early as half a month ago, Yang Zhu couldn't stand the torment of his little apprentice's dark cooking, so he sent her to class.
Then I spend all day in the office raising pots and drinking tea, and at night I go to make some skewers, and I live a very happy life.
On this day, when Daguan Yang was carefully holding the tea leaves in the gaiwan and laying patterns on the tea tray piece by piece, a special bell sounded suddenly.
Yang Zhu shook his hand, looked at the "Second Senior Brother" who was about to take shape with some regret, put down the tweezers, and picked up the phone;
On the opposite side, Prince Lin's excited voice came:
"Daddy Yang, the wheat in the field seems to be showing signs of ripening. It's been a bit hot recently. My dad thinks it's time to invite the people from the combine harvesting team to cut the wheat. Now I want to ask you, what's your opinion?" without."
Yang Zhu understood in seconds, but frowned, thought about it in his heart, and then replied:
"The time is a little bit wrong. I'm afraid that the temperature will drop suddenly and the harvested wheat will be spoiled if the wheat is not cooked. How about this? Tell your father not to rush to invite the harvesting team. I will go tomorrow Look in the ground."
Prince Lin hummed and then hung up the phone.
Yang Zhu put down the phone, opened his mobile phone, and then went over the wall to read some financial news and special articles in the United States, and began to think.
………………
In the afternoon, Yang Zhu ran to the American consulate for a visa interview. He couldn't help but feel overwhelmed when he saw the people on the three floors inside and three outside;
In order to avoid revealing flaws, Yang Zhu could not use the green channel in the name of Dahua Investment, but could only get the visa in his own name, which made it very troublesome;
First store the mobile phone and other items in the small shop at the door, take the passport to get the number, and queue for a full four hours before passing the security check and coming to the forensic officer;
This thin foreign guy looked at Yang Zhu expressionlessly: "The purpose of going to America?"
Yang Zhu shrugged: "Go on a trip."
The visa officer gave Yang Zhu a slight look: "Who is responsible for your travel expenses?"
Yang Zhu was a little speechless, how could he ask such a mentally handicapped question?
He rolled his eyes immediately: "Of course it's me."
The visa officer seemed a little dissatisfied with Yang Zhu's attitude: "You currently have a job? What is the content of your job?"
Yang Zhu answered blankly: "I'm currently working in an advertising company as a planner,"
Then, without waiting for the visa officer to ask, he continued on his own: "The specific job content is advertising creative production, and the main target customer groups are some domestic fast-moving consumer goods; the current monthly salary is 10K, and here is my employment certificate."
Yang Zhu took out the work certificate issued by Qin Xin's company and put it on the table in front of him, and then continued to speak in bird language: "I can speak bird language, so it's no problem to communicate with ordinary people;"
"I plan to spend a week in New York, visit Wall Street, then go to Hollywood, and then return to China;"
"So...Mr. Visa Officer, do you have anything else to ask?"
The Yankee's face was a little displeased. Are you the visa officer or am I the visa officer?You are such an old fritter, you have asked all the questions I want to ask, what do you want me to say?
So he opened Yang Zhu's passport, took a look, and said with a blank expression: "Unfortunately, I can't stamp you."
Yang Zhu frowned heavily: "Why?"
The visa officer looked at Yang Zhu: "Judging from your clothes, I think your income level is fake, and your real income should be far from what you said, so I suspect that you have the tendency of illegal immigration."
Yang Zhu was furious, pointed at his clothes and said, "See clearly, this is a Mung Bean jacket, a famous Chinese brand;"
Then slightly opened the jacket, pointed to the shirt inside and said, "This is the shirt of 369, and it is also a famous brand of Huaxia;"
Then he raised his feet, pointed at the shoes and said: "These are Shanxing brand sneakers, and they are a Chinese brand that has been around for decades;"
"Tell me, how did you find out that my income was fake!?"
The visa officer was noncommittal, and there seemed to be a vague mockery in his emotionless pupils:
"I'm sorry, I don't know anything about your so-called famous brands in Huaxia. In my opinion, this can't explain anything;"
"If you really have a monthly income of 10K as you said, then why don't you wear something like Nike or Adidas?"
"Aren't you Chinese proud to wear these real famous brands?"
Yang Zhu looked at him coldly: "I'm from Huaxia, what's wrong with wearing Chinese famous brands? Why do you have to wear your American brands?"
"And all fools know that those brands are processed in Xiguan, China. Why should I pay hundreds of dollars in IQ tax for those rags?"
The visa officer shrugged: "No, look, I have another reason for rejecting you. Now I fully suspect that you have extremist tendencies. For the safety of our country, I cannot stamp you!"
Yang Zhuqi laughed: "This is in the territory of Huaxia, and you think that I have extremist tendencies just because a Chinese person is wearing Huaxia brand clothing all over his body?"
The visa officer waved his hand impatiently: "So what if it's on Chinese territory, this is the US consulate. According to international practice, this is equivalent to our US sending country's territory!"
Yang Zhu Leng looked at him hehely: "I want to know your name, I hope you won't regret it!"
A trace of anger flashed in the eyes of the visa officer: "Very well, you are very brave! Remember, my name is John, John Claude, I hope you can surprise me!"
After saying that, he pressed the bell without hesitation and called the next obedient Chinese to come in.
The cold light in Yang Zhu's eyes was even worse, he didn't speak a word, and he didn't even take his passport, so he put it on the table in front of the visa officer, and went straight away.
John looked at Yang Zhu's figure, with a trace of sarcasm on the corner of his mouth, and immediately looked away indifferently, throwing Yang Zhu's passport in the desk drawer with some disgust.
………………
After leaving the consulate, Yang Zhu retrieved his mobile phone from the small shop, took two steps, and dialed:
"Hey, Xiaotu, you call that private harvesting team now, and tell me that I want to see the quality of their machinery;"
"In the sheepfold of the imperial capital, there is a doorman named John Claude;"
"You tell them that if this person can pack up and leave within two hours, we will take him to continue playing in the next step,"
"If it can't be done, I'm sorry, they can go home after cutting the batch of wheat in their hands!"
Lin Tu on the opposite side was taken aback, and said quickly:
"Daddy Yang, tell that private harvesting team now that we still have work to do, will there be any problems?"
"I'm afraid it will be bad when he leaks the news."
Yang Zhu smiled coldly: "You don't have to worry about this, I know about this private harvesting team, he is different from other combined harvesting teams, he knew what we wanted to do long before bidding, it will never disclose It's windy; you can just say what I say!"
"Remember, tell them they only have 2 hours, don't wait if it's late!"
Lin Tu on the opposite side heard that Yang Zhu was so persistent, so he had to agree, but he was muttering in his heart, why did Yang Dada sound very angry? It's okay to know what happened.
After Yang Zhu hung up the phone, he was not in a hurry to leave, so he ordered a cup of burning jelly grass at a drink shop by the roadside, and drank it leisurely.
In less than an hour, I saw that John changed his clothes and walked out of the consulate in some embarrassment. His face was pale and his eyes were dull, as if he had encountered something terrible.
Yang Zhu raised his eyebrows, and the corner of his mouth slipped into an arc. It seems that the forces behind that private fund are more powerful than he thought;
You must know that although the administrative level of the consulate staff stationed by the United States in China, Xiong Russia, and island countries is not high, their authority is far beyond their own administrative level; especially in China, those who have been able to work in the Chinese consulate in recent years Almost all people have some intricate network of relationships behind them.
Just when Yang Zhu was thinking about how to use the knife well, another bell rang.
When Yang Zhu answered the phone, he heard a stiff female voice speaking in Chinese:
"Hello, Mr. Yang, I'm sorry to let you have an unpleasant experience;"
"Your passport and visa have been approved. Where are you now? I'll send it to you."
The smile on Yang Zhu's mouth was even stronger. The service is very good. He told his location immediately, and then hung up the phone.
Not long after, a young American woman with some freckles on her face respectfully placed Yang Zhu’s passport and visa in front of him;
She was planning to get close to Yang Zhu, but she was shocked to find that this somewhat mysterious Chinese man stopped a taxi and left without even giving her a chance to say a word. ...
She was already very puzzled, and really wanted to use some dark clues to check this person's background, but remembering the consul's stern admonition and warning just now, she couldn't help shaking, and immediately dismissed the idea just now...
………………
After more than ten hours of tossing, Yang Zhu finally arrived in New York;
As soon as he got off the plane, he followed Lin Tu into the car that picked him up;
"Hehe, Uncle Lin, you are a busy person to pick me up too, my nephew is a little panicked!"
"Could it be that there is another pit waiting for me to jump in?"
As soon as he entered the car door, Yang Zhu saw Lin Xiong in the passenger seat. Although his whole body was limp and uncomfortable, he still couldn't help but groaned strangely.
Lin Xiong was a little embarrassed, knowing that this kid was still angry at the fact that he was sold to the higher-ups a long time ago, but after all, he had been struggling in the mall for decades, slapped a few haha, and said a few nice words casually, then Bring the atmosphere back.
Yang Zhu really didn't have the energy to continue fighting with him now, so he could only lean on the seat and fall asleep;
I hate it in my heart, this old fox clearly saw that I was in a bad state after the long-distance flight, so he put on a low profile and came to pick me up in person.
However, interpersonal communication still needs to be measured. Since people are apologetic, even if you are not in a good state and can't say a few words to them, as long as you open your mouth, after you get off the car, the matter can only be settled.
In a daze, Yang Zhu felt the car slow down, and there were countless horns in his ears. He opened his eyes slightly, but found that the car was blocked by countless torrents on the main road in the city.
Seeing Yang Zhu open his eyes, Lin Tu explained helplessly: "There are more cars than people here in New York, and there are at least six or seven times of traffic jams on the main roads a day during rush hours. Don't think about the hotel for two hours."
Yang Zhu nodded, looked out the window at the countless drivers who were honking their horns, and some people smashed the steering wheel in the car; he thought, there are more road rage patients in this poor place than in our country.
Feeling a little recovered, I felt that sitting in the car for an hour or two was quite boring, so I asked:
"What's the matter with the symptoms you mentioned on the phone?"
Hearing Yang Zhu bring up this topic, Lin Tu immediately regained his spirits:
"Daddy Yang, we bought a lot of information during this period, and found many signs of a crisis that is about to break out;"
"First of all, the bank's CDS (credit default swap) guarantee fee was raised from 5% in May last year to 2.5%, which means that the leverage ratio has dropped from 3.5 times to less than 40 times. Confidence in these CDS has dropped significantly;”
“其次,我们购买并调查了100个CDO套餐里信用评级为3A级的房产抵押贷款债券;结果溯源后发现,这100个3A贷款券里关联的十万3000多个个人债务,有接近78%都是3B级的垃圾债务资产,真正达到3A级的只有不到700个;”
"Equivalent to all the real estate mortgage bonds marked with 3A ratings in the market, in fact, all of them are bubbles, and they are all the ones that stink;"
"According to our assessment, after 3-5 repayment cycles at most, these debt assets called 3A, but in fact 3B debt assets will have a large area of bad debts;"
"Finally, we found these real estate mortgage bonds from thirteen states, and found that the proportion of double mortgages on the real estate in them was as high as 23.7%; banks, thereby achieving a temporary balance of capital flows;”
"Isn't this the same as those young people in our country who pay back the card? It's still the kind that needs to swipe one card and return the other!"
"So, we all counted up a few times and felt that the thunderstorm will last no longer than 3 months at most. Therefore, before the big bookmakers have made any moves, we start shorting and buy a large amount of CDS. Otherwise, if the leverage is lowered again, we will The loss would be huge.”
Yang Zhu knew what they were thinking, and this time he mobilized a large amount of funds to sell short in the United States, which was mainly divided into two parts;
The first part is to short the stock market, that is, to "borrow" the shares of certain companies within their own budget from securities companies in advance, and the target is naturally the "subprime mortgage companies" that have been set for a long time;
For example, Yang Zhu and the others “borrowed” 1000 million shares of a certain subprime mortgage company from a brokerage firm after paying a certain fee for a three-month lease, and then sold them in the stock market; based on the current market price of $40 per share, is converted into 4 million US dollars;
Then three months later, the stock fell to 10 US dollars per share due to the crisis. At that time, Yang Zhu and the others only needed to spend another 1 million US dollars to buy 1000 shares in the stock market and return them to the brokerage. Excluding handling fees, the net profit is US$3 million;
This is "short selling" in the stock market.
Of course, if you are unlucky and their stock rises to $60 in three months, then you have to obediently spend $6 million to buy 1000 million shares from the stock market and return them to those brokerages, with a loss of $2 million in the middle.
The second part is to short by buying CDS, which is also the main use of funds in Yang Zhu's plan;
This part is a bit complicated, because CDS is actually a kind of insurance in essence, so the leverage ratio of compensation is very important.
If you find the target and bet with the bank at the original 2.5% guarantee fee, you can spend 2.5 million to buy insurance for 100 billion bonds. Once these bonds go wrong, the borrower will not be able to repay the loan , if bad debts are formed, the bank that signed the CDS agreement with you will need to pay you 100 billion U.S. dollars. Even if 25% of the bonds do not have bad debts, you can earn more than 70 billion U.S. dollars after excluding the cost;
Therefore, when Lin Tu and the others knew that the guarantee fees of the CDS of those banks had risen to 3.5%, they were in such a hurry;
You must know that at the moment, the guarantee fee of CDS is not fixed. If it rises to 3.5% today, it will rise to 35% tomorrow. There is a huge difference in profit margins in the middle. I won't bet against you at all.
But on the other hand, most of the banks that are willing to sign a CDS gambling agreement with you are small private banks, who knows how much they will actually be able to pay at that time;
Guys with mosquito bellies but toad mouths are everywhere in the world. If the time comes when there is not so much money to pay for compensation, then it will be fun, and once it enters the stage of asset liquidation after bankruptcy, for Yang Zhu and the others , is extremely unfavorable, they dare not spend a year or two to wait for you to liquidate your assets before paying compensation.
Therefore, choosing a bank to bet on is the most important thing, and the risk is far greater than that of the stock market.
………………
As soon as Lin Tu finished speaking here, Lin Xiong handed over a few stacks of materials: "This is the information collected in the past few months, you should take a look first."
Yang Zhu struggled to take the document, which was estimated to be five kilograms, and put it on his lap. Then he opened the file bag and looked at it carefully.
As for the information about the origin of mortgage bonds mentioned by Lin Tu just now, Yang Zhu just flipped through it and let it go. It is enough to know about this thing at present, and he is concerned about other things.
After more than an hour, Yang Zhu finally read the information roughly, and began to think with his brows;
"You bought all the information about CDO from those small private banks?" Yang Zhu asked.
Lin Tu nodded:
"Inside information on the banking giants is hard to come by, and we are afraid of alarming the enemy;"
"Besides, although these small private banks are outside the CDS/CDO in terms of operating logic, they are also closer to the front line of the market than those banking giants and investment banks. Therefore, their information is more important to us. Valuable; don’t forget, further down this ecological chain, that’s the real estate agency.”
Yang Zhu nodded. Indeed, for them now, the closer the information acquisition is to the front line of the market, the better.
but……
Yang Zhu asked: "Have you got the internal information of these two financial institutions, Fannie Mae and Freddie Mac, especially their bankability assessments?"
Lin Tu shook his head: "We didn't do it, because we were afraid of showing our feet,"
"Secondly...we don't think it's necessary. Judging from the information collected now, the crisis will definitely break out in three to five months. Whether there is information from these two organizations is irrelevant."
Yang Zhu snorted twice: "I think you are drifting away, and you don't know how you will die by then!"
Lin's father and son looked at each other when they heard the words,
Lin Xiong asked in a deep voice: "Nephew, is there anything wrong?"
Yang Zhu smiled lazily:
"I have always said that in securities and financial markets, public confidence is more important than real money;"
"From the data point of view, large-scale loan expectations must be in the last three to five months;"
"But... will the simple large-scale loan overdue really cause a financial crisis immediately?"
"Hum..."
"Do you really think that the U.S. emperor has been using the banner of [Sanzhu] and [Ziyou] all day long, so that all fields are completely practicing the free market!?"
Lin Xiong was startled: "You mean...?"
Yang Zhu nodded: "That's right, since it's a short sale, we have to take into account the buffer time of Fannie Mae, Freddie Mac, and Wall Street investment banks' spontaneous cover-ups!"
After finishing speaking, Yang Zhu stroked his chin:
"The crew of "The Second Depression" is about to wrap up,"
"It seems that this movie is really likely to become a prophecy movie!"
A penetrating smile appeared on the corner of his mouth:
"During this time, Lin Tu will be my driver first. I'm going to do some on-the-spot investigation. The data of those small banks, to put it bluntly, is at least half mixed with water. I guess the actual situation is better than the data they gave. It's much worse!"
"Of course you will lose a lot if you enter the venue early, but if you enter the venue late, you may not even be able to drink soup!"
"Also, our fuel plan is almost ready to filter and target,"
"If this fire doesn't half-cook this dilapidated place, I'm sorry for the dozen or so hours I've been tossing around!"
Lin's father and son looked at Yang Zhu's distorted expression and looked at each other,
Which blind-eyed American has offended him?
Otherwise, why would this black-bellied man, who is sure to take revenge, hate the US emperor so much! ? ? ? ?
(End of this chapter)
Time flies, another month has passed in the blink of an eye,
As early as half a month ago, Yang Zhu couldn't stand the torment of his little apprentice's dark cooking, so he sent her to class.
Then I spend all day in the office raising pots and drinking tea, and at night I go to make some skewers, and I live a very happy life.
On this day, when Daguan Yang was carefully holding the tea leaves in the gaiwan and laying patterns on the tea tray piece by piece, a special bell sounded suddenly.
Yang Zhu shook his hand, looked at the "Second Senior Brother" who was about to take shape with some regret, put down the tweezers, and picked up the phone;
On the opposite side, Prince Lin's excited voice came:
"Daddy Yang, the wheat in the field seems to be showing signs of ripening. It's been a bit hot recently. My dad thinks it's time to invite the people from the combine harvesting team to cut the wheat. Now I want to ask you, what's your opinion?" without."
Yang Zhu understood in seconds, but frowned, thought about it in his heart, and then replied:
"The time is a little bit wrong. I'm afraid that the temperature will drop suddenly and the harvested wheat will be spoiled if the wheat is not cooked. How about this? Tell your father not to rush to invite the harvesting team. I will go tomorrow Look in the ground."
Prince Lin hummed and then hung up the phone.
Yang Zhu put down the phone, opened his mobile phone, and then went over the wall to read some financial news and special articles in the United States, and began to think.
………………
In the afternoon, Yang Zhu ran to the American consulate for a visa interview. He couldn't help but feel overwhelmed when he saw the people on the three floors inside and three outside;
In order to avoid revealing flaws, Yang Zhu could not use the green channel in the name of Dahua Investment, but could only get the visa in his own name, which made it very troublesome;
First store the mobile phone and other items in the small shop at the door, take the passport to get the number, and queue for a full four hours before passing the security check and coming to the forensic officer;
This thin foreign guy looked at Yang Zhu expressionlessly: "The purpose of going to America?"
Yang Zhu shrugged: "Go on a trip."
The visa officer gave Yang Zhu a slight look: "Who is responsible for your travel expenses?"
Yang Zhu was a little speechless, how could he ask such a mentally handicapped question?
He rolled his eyes immediately: "Of course it's me."
The visa officer seemed a little dissatisfied with Yang Zhu's attitude: "You currently have a job? What is the content of your job?"
Yang Zhu answered blankly: "I'm currently working in an advertising company as a planner,"
Then, without waiting for the visa officer to ask, he continued on his own: "The specific job content is advertising creative production, and the main target customer groups are some domestic fast-moving consumer goods; the current monthly salary is 10K, and here is my employment certificate."
Yang Zhu took out the work certificate issued by Qin Xin's company and put it on the table in front of him, and then continued to speak in bird language: "I can speak bird language, so it's no problem to communicate with ordinary people;"
"I plan to spend a week in New York, visit Wall Street, then go to Hollywood, and then return to China;"
"So...Mr. Visa Officer, do you have anything else to ask?"
The Yankee's face was a little displeased. Are you the visa officer or am I the visa officer?You are such an old fritter, you have asked all the questions I want to ask, what do you want me to say?
So he opened Yang Zhu's passport, took a look, and said with a blank expression: "Unfortunately, I can't stamp you."
Yang Zhu frowned heavily: "Why?"
The visa officer looked at Yang Zhu: "Judging from your clothes, I think your income level is fake, and your real income should be far from what you said, so I suspect that you have the tendency of illegal immigration."
Yang Zhu was furious, pointed at his clothes and said, "See clearly, this is a Mung Bean jacket, a famous Chinese brand;"
Then slightly opened the jacket, pointed to the shirt inside and said, "This is the shirt of 369, and it is also a famous brand of Huaxia;"
Then he raised his feet, pointed at the shoes and said: "These are Shanxing brand sneakers, and they are a Chinese brand that has been around for decades;"
"Tell me, how did you find out that my income was fake!?"
The visa officer was noncommittal, and there seemed to be a vague mockery in his emotionless pupils:
"I'm sorry, I don't know anything about your so-called famous brands in Huaxia. In my opinion, this can't explain anything;"
"If you really have a monthly income of 10K as you said, then why don't you wear something like Nike or Adidas?"
"Aren't you Chinese proud to wear these real famous brands?"
Yang Zhu looked at him coldly: "I'm from Huaxia, what's wrong with wearing Chinese famous brands? Why do you have to wear your American brands?"
"And all fools know that those brands are processed in Xiguan, China. Why should I pay hundreds of dollars in IQ tax for those rags?"
The visa officer shrugged: "No, look, I have another reason for rejecting you. Now I fully suspect that you have extremist tendencies. For the safety of our country, I cannot stamp you!"
Yang Zhuqi laughed: "This is in the territory of Huaxia, and you think that I have extremist tendencies just because a Chinese person is wearing Huaxia brand clothing all over his body?"
The visa officer waved his hand impatiently: "So what if it's on Chinese territory, this is the US consulate. According to international practice, this is equivalent to our US sending country's territory!"
Yang Zhu Leng looked at him hehely: "I want to know your name, I hope you won't regret it!"
A trace of anger flashed in the eyes of the visa officer: "Very well, you are very brave! Remember, my name is John, John Claude, I hope you can surprise me!"
After saying that, he pressed the bell without hesitation and called the next obedient Chinese to come in.
The cold light in Yang Zhu's eyes was even worse, he didn't speak a word, and he didn't even take his passport, so he put it on the table in front of the visa officer, and went straight away.
John looked at Yang Zhu's figure, with a trace of sarcasm on the corner of his mouth, and immediately looked away indifferently, throwing Yang Zhu's passport in the desk drawer with some disgust.
………………
After leaving the consulate, Yang Zhu retrieved his mobile phone from the small shop, took two steps, and dialed:
"Hey, Xiaotu, you call that private harvesting team now, and tell me that I want to see the quality of their machinery;"
"In the sheepfold of the imperial capital, there is a doorman named John Claude;"
"You tell them that if this person can pack up and leave within two hours, we will take him to continue playing in the next step,"
"If it can't be done, I'm sorry, they can go home after cutting the batch of wheat in their hands!"
Lin Tu on the opposite side was taken aback, and said quickly:
"Daddy Yang, tell that private harvesting team now that we still have work to do, will there be any problems?"
"I'm afraid it will be bad when he leaks the news."
Yang Zhu smiled coldly: "You don't have to worry about this, I know about this private harvesting team, he is different from other combined harvesting teams, he knew what we wanted to do long before bidding, it will never disclose It's windy; you can just say what I say!"
"Remember, tell them they only have 2 hours, don't wait if it's late!"
Lin Tu on the opposite side heard that Yang Zhu was so persistent, so he had to agree, but he was muttering in his heart, why did Yang Dada sound very angry? It's okay to know what happened.
After Yang Zhu hung up the phone, he was not in a hurry to leave, so he ordered a cup of burning jelly grass at a drink shop by the roadside, and drank it leisurely.
In less than an hour, I saw that John changed his clothes and walked out of the consulate in some embarrassment. His face was pale and his eyes were dull, as if he had encountered something terrible.
Yang Zhu raised his eyebrows, and the corner of his mouth slipped into an arc. It seems that the forces behind that private fund are more powerful than he thought;
You must know that although the administrative level of the consulate staff stationed by the United States in China, Xiong Russia, and island countries is not high, their authority is far beyond their own administrative level; especially in China, those who have been able to work in the Chinese consulate in recent years Almost all people have some intricate network of relationships behind them.
Just when Yang Zhu was thinking about how to use the knife well, another bell rang.
When Yang Zhu answered the phone, he heard a stiff female voice speaking in Chinese:
"Hello, Mr. Yang, I'm sorry to let you have an unpleasant experience;"
"Your passport and visa have been approved. Where are you now? I'll send it to you."
The smile on Yang Zhu's mouth was even stronger. The service is very good. He told his location immediately, and then hung up the phone.
Not long after, a young American woman with some freckles on her face respectfully placed Yang Zhu’s passport and visa in front of him;
She was planning to get close to Yang Zhu, but she was shocked to find that this somewhat mysterious Chinese man stopped a taxi and left without even giving her a chance to say a word. ...
She was already very puzzled, and really wanted to use some dark clues to check this person's background, but remembering the consul's stern admonition and warning just now, she couldn't help shaking, and immediately dismissed the idea just now...
………………
After more than ten hours of tossing, Yang Zhu finally arrived in New York;
As soon as he got off the plane, he followed Lin Tu into the car that picked him up;
"Hehe, Uncle Lin, you are a busy person to pick me up too, my nephew is a little panicked!"
"Could it be that there is another pit waiting for me to jump in?"
As soon as he entered the car door, Yang Zhu saw Lin Xiong in the passenger seat. Although his whole body was limp and uncomfortable, he still couldn't help but groaned strangely.
Lin Xiong was a little embarrassed, knowing that this kid was still angry at the fact that he was sold to the higher-ups a long time ago, but after all, he had been struggling in the mall for decades, slapped a few haha, and said a few nice words casually, then Bring the atmosphere back.
Yang Zhu really didn't have the energy to continue fighting with him now, so he could only lean on the seat and fall asleep;
I hate it in my heart, this old fox clearly saw that I was in a bad state after the long-distance flight, so he put on a low profile and came to pick me up in person.
However, interpersonal communication still needs to be measured. Since people are apologetic, even if you are not in a good state and can't say a few words to them, as long as you open your mouth, after you get off the car, the matter can only be settled.
In a daze, Yang Zhu felt the car slow down, and there were countless horns in his ears. He opened his eyes slightly, but found that the car was blocked by countless torrents on the main road in the city.
Seeing Yang Zhu open his eyes, Lin Tu explained helplessly: "There are more cars than people here in New York, and there are at least six or seven times of traffic jams on the main roads a day during rush hours. Don't think about the hotel for two hours."
Yang Zhu nodded, looked out the window at the countless drivers who were honking their horns, and some people smashed the steering wheel in the car; he thought, there are more road rage patients in this poor place than in our country.
Feeling a little recovered, I felt that sitting in the car for an hour or two was quite boring, so I asked:
"What's the matter with the symptoms you mentioned on the phone?"
Hearing Yang Zhu bring up this topic, Lin Tu immediately regained his spirits:
"Daddy Yang, we bought a lot of information during this period, and found many signs of a crisis that is about to break out;"
"First of all, the bank's CDS (credit default swap) guarantee fee was raised from 5% in May last year to 2.5%, which means that the leverage ratio has dropped from 3.5 times to less than 40 times. Confidence in these CDS has dropped significantly;”
“其次,我们购买并调查了100个CDO套餐里信用评级为3A级的房产抵押贷款债券;结果溯源后发现,这100个3A贷款券里关联的十万3000多个个人债务,有接近78%都是3B级的垃圾债务资产,真正达到3A级的只有不到700个;”
"Equivalent to all the real estate mortgage bonds marked with 3A ratings in the market, in fact, all of them are bubbles, and they are all the ones that stink;"
"According to our assessment, after 3-5 repayment cycles at most, these debt assets called 3A, but in fact 3B debt assets will have a large area of bad debts;"
"Finally, we found these real estate mortgage bonds from thirteen states, and found that the proportion of double mortgages on the real estate in them was as high as 23.7%; banks, thereby achieving a temporary balance of capital flows;”
"Isn't this the same as those young people in our country who pay back the card? It's still the kind that needs to swipe one card and return the other!"
"So, we all counted up a few times and felt that the thunderstorm will last no longer than 3 months at most. Therefore, before the big bookmakers have made any moves, we start shorting and buy a large amount of CDS. Otherwise, if the leverage is lowered again, we will The loss would be huge.”
Yang Zhu knew what they were thinking, and this time he mobilized a large amount of funds to sell short in the United States, which was mainly divided into two parts;
The first part is to short the stock market, that is, to "borrow" the shares of certain companies within their own budget from securities companies in advance, and the target is naturally the "subprime mortgage companies" that have been set for a long time;
For example, Yang Zhu and the others “borrowed” 1000 million shares of a certain subprime mortgage company from a brokerage firm after paying a certain fee for a three-month lease, and then sold them in the stock market; based on the current market price of $40 per share, is converted into 4 million US dollars;
Then three months later, the stock fell to 10 US dollars per share due to the crisis. At that time, Yang Zhu and the others only needed to spend another 1 million US dollars to buy 1000 shares in the stock market and return them to the brokerage. Excluding handling fees, the net profit is US$3 million;
This is "short selling" in the stock market.
Of course, if you are unlucky and their stock rises to $60 in three months, then you have to obediently spend $6 million to buy 1000 million shares from the stock market and return them to those brokerages, with a loss of $2 million in the middle.
The second part is to short by buying CDS, which is also the main use of funds in Yang Zhu's plan;
This part is a bit complicated, because CDS is actually a kind of insurance in essence, so the leverage ratio of compensation is very important.
If you find the target and bet with the bank at the original 2.5% guarantee fee, you can spend 2.5 million to buy insurance for 100 billion bonds. Once these bonds go wrong, the borrower will not be able to repay the loan , if bad debts are formed, the bank that signed the CDS agreement with you will need to pay you 100 billion U.S. dollars. Even if 25% of the bonds do not have bad debts, you can earn more than 70 billion U.S. dollars after excluding the cost;
Therefore, when Lin Tu and the others knew that the guarantee fees of the CDS of those banks had risen to 3.5%, they were in such a hurry;
You must know that at the moment, the guarantee fee of CDS is not fixed. If it rises to 3.5% today, it will rise to 35% tomorrow. There is a huge difference in profit margins in the middle. I won't bet against you at all.
But on the other hand, most of the banks that are willing to sign a CDS gambling agreement with you are small private banks, who knows how much they will actually be able to pay at that time;
Guys with mosquito bellies but toad mouths are everywhere in the world. If the time comes when there is not so much money to pay for compensation, then it will be fun, and once it enters the stage of asset liquidation after bankruptcy, for Yang Zhu and the others , is extremely unfavorable, they dare not spend a year or two to wait for you to liquidate your assets before paying compensation.
Therefore, choosing a bank to bet on is the most important thing, and the risk is far greater than that of the stock market.
………………
As soon as Lin Tu finished speaking here, Lin Xiong handed over a few stacks of materials: "This is the information collected in the past few months, you should take a look first."
Yang Zhu struggled to take the document, which was estimated to be five kilograms, and put it on his lap. Then he opened the file bag and looked at it carefully.
As for the information about the origin of mortgage bonds mentioned by Lin Tu just now, Yang Zhu just flipped through it and let it go. It is enough to know about this thing at present, and he is concerned about other things.
After more than an hour, Yang Zhu finally read the information roughly, and began to think with his brows;
"You bought all the information about CDO from those small private banks?" Yang Zhu asked.
Lin Tu nodded:
"Inside information on the banking giants is hard to come by, and we are afraid of alarming the enemy;"
"Besides, although these small private banks are outside the CDS/CDO in terms of operating logic, they are also closer to the front line of the market than those banking giants and investment banks. Therefore, their information is more important to us. Valuable; don’t forget, further down this ecological chain, that’s the real estate agency.”
Yang Zhu nodded. Indeed, for them now, the closer the information acquisition is to the front line of the market, the better.
but……
Yang Zhu asked: "Have you got the internal information of these two financial institutions, Fannie Mae and Freddie Mac, especially their bankability assessments?"
Lin Tu shook his head: "We didn't do it, because we were afraid of showing our feet,"
"Secondly...we don't think it's necessary. Judging from the information collected now, the crisis will definitely break out in three to five months. Whether there is information from these two organizations is irrelevant."
Yang Zhu snorted twice: "I think you are drifting away, and you don't know how you will die by then!"
Lin's father and son looked at each other when they heard the words,
Lin Xiong asked in a deep voice: "Nephew, is there anything wrong?"
Yang Zhu smiled lazily:
"I have always said that in securities and financial markets, public confidence is more important than real money;"
"From the data point of view, large-scale loan expectations must be in the last three to five months;"
"But... will the simple large-scale loan overdue really cause a financial crisis immediately?"
"Hum..."
"Do you really think that the U.S. emperor has been using the banner of [Sanzhu] and [Ziyou] all day long, so that all fields are completely practicing the free market!?"
Lin Xiong was startled: "You mean...?"
Yang Zhu nodded: "That's right, since it's a short sale, we have to take into account the buffer time of Fannie Mae, Freddie Mac, and Wall Street investment banks' spontaneous cover-ups!"
After finishing speaking, Yang Zhu stroked his chin:
"The crew of "The Second Depression" is about to wrap up,"
"It seems that this movie is really likely to become a prophecy movie!"
A penetrating smile appeared on the corner of his mouth:
"During this time, Lin Tu will be my driver first. I'm going to do some on-the-spot investigation. The data of those small banks, to put it bluntly, is at least half mixed with water. I guess the actual situation is better than the data they gave. It's much worse!"
"Of course you will lose a lot if you enter the venue early, but if you enter the venue late, you may not even be able to drink soup!"
"Also, our fuel plan is almost ready to filter and target,"
"If this fire doesn't half-cook this dilapidated place, I'm sorry for the dozen or so hours I've been tossing around!"
Lin's father and son looked at Yang Zhu's distorted expression and looked at each other,
Which blind-eyed American has offended him?
Otherwise, why would this black-bellied man, who is sure to take revenge, hate the US emperor so much! ? ? ? ?
(End of this chapter)
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