"Xia, you shouldn't hide anything from your friends. You have to know that we are allies. The stronger we are, the more beneficial it is to you." Seeing that Xia Tian refused to tell the truth, Stan Olind smiled.

In fact, summer has always been the focus of their Presbyterian Zion. The reason is very simple. First, summer has a very good investment vision, which is something they need to learn from; second, summer has a lot of money. If summer falls, it will make them full of food, so they have been paying attention to him and are very familiar with his situation.

As far as they know, Xia Tian does not have any pressure on funds or debts, because Xia Tian itself is a big banker, and his financial powers are spread all over the world, especially in East Asia, which is quite strong.

In addition, his recent acquisition of Bank of America and participating in the restructuring of urban commercial banks in the mainland, his strength is comparable to that of the big bankers on Wall Street, so he will not be short of money at all. Naturally, what he said about reducing the company's debt ratio and ensuring the healthy financial situation is just an excuse.

"I can't hide anything from your eyes." Xia Tian saw him say this and smiled slightly, "Okay, actually I got this part of the money to invest in DS."

Xia Tian absolutely scoffed at Stan Olind's so-called "alliers". The Zion Presbyterian did not really trust him at all. They were more of a mutual use and each other to get the relationship they needed. The Zion Presbyterian needed his investment advice, and he needed the protection of the Zion Presbyterian.

The two sides use each other and guard against each other. If Xia Tian collapses, the Zion Presbyterian Church will annex him without hesitation; on the contrary, if Zion Presbyterian Church fails, the Xia Tian will also annex him without hesitation.

"ds?!" Stan Olinder was stunned.

The so-called ds, the full name is redit-default-swap (credit default swap), also known as subprime loan bonds. The US subprime mortgage crisis that swept the world in 2007 was caused by it.

The late 1990s was the golden age of US economic development, with annual GDP growth of more than 4%. In addition, various high-tech technologies such as computers, the Internet, mobile phones, semiconductor technology, and genetic technology have emerged, making the prospects of Midea positive.

It is precisely because of this that the American people are full of confidence in the country and in the future. Under the influence of this mood, they are naturally willing to consume and consume in advance.

The economic growth has promoted the booming development of the real estate industry. Because people have confidence in the future, they are willing to purchase industries, making the real estate industry even more popular. The rise in real estate prices has attracted more and more investors, thus forming a positive cycle.

In recent years, Midea's housing prices have been rising steadily. For example, when I bought a manor in Beverly Hills in the summer, it was only $30 million when I bought it, but now it has risen to $250 million, which will double its value in an average year. This shows the popularity of Midea Real Estate.

However, even if it is so popular, it cannot satisfy the greed of capitalists. In order to allow more people to buy houses, the bank decided to provide loans to customers with insufficient credit ratings, so that they can also buy houses and earn a lot of interest. Because these people have low credit ratings, their loans are called "subprime loans".

In order to reduce its own risks, the bank purchased insurance from the insurance company, agreeing that if these people cannot repay the debt, the insurance company will be responsible for the claims.

Because the U.S. housing market is very hot now and the economic prospects are optimistic, even if those customers cannot pay off the loan, banks can auction their houses to pay off their debts. In this way, the probability of default is very small, so insurance companies are very happy to take this business, and the insurance they formulate is called DS (credit default swap).

The insurance company then pushed DS to the financial market and became a financial product. Because of the small risks and stable returns, this type of product became very popular as soon as it was launched and was bought. By 2007, its total market value had reached a huge amount of 62 trillion US dollars.

Xia Tian knew that the US economy would not continue so well. Around 2000, the Internet bubble crisis broke out and the market value of $5 trillion evaporated, causing the US economy to suffer a heavy blow.

The Jiuyao incident in 2001 even pulled the country into the quagmire of war, including the Afu Khan War, the Iraq War, the Syrian War... The seventeen years of long march consumed six trillion US dollars and caused 500,000 casualties, of which more than 15,000 beauties were more than 15,000.

Due to years of war, the US Treasury deficit has soared. In the Bill Clinton era, the treasury could still earn more than 40 million US dollars a year. The government even considered formulating a repayment plan to completely resolve the treasury deficit problem in the next twenty years.

But by the time of Xiao Bushi, the debt of the US Turkish had reached 58,000 US dollars. By the time of Obama, the debt of the US Turkish had reached more than 10 trillion US dollars.

Because the treasury deficit is high, the United States has been burdened with a heavy burden, and paying interest every year is a heavy burden, not to mention the extra money used to do scientific research, infrastructure, education, medical care, etc.

Therefore, the decline of the US economy is destined, and its current great scene is more like a "return to the light".

When the economy declines, the real estate market will naturally decline. Once the real estate market declines, investors will definitely withdraw. At that time, if the houses used for speculation cannot be sold, it will be easy to cause loan defaults.

In that case, the mortgage company is the first to be unlucky. The insurance company that provides default insurance for it will be unlucky. Investors who invest in DS will be unlucky.

Due to years of conspiracy, the total market value of DSS has reached 62 trillion US dollars, which is higher than the global GDP. Therefore, the outbreak of the subprime mortgage crisis caused such a huge storm around the world, causing several countries to declare bankruptcy directly.

...

Xia Tian knew about the subprime mortgage crisis, so he helped Elder Zion dig a hole so that they could all jump into it.

As for him, he would make a fool of himself and pretend to buy DS, and then he would gradually transfer his money to the mainland. The hottest place in the future global economic development is undoubtedly the mainland.

Two thousand five hundred billion US dollars is enough for him to do a lot of things.

"Mr. Xia, do you really think DS has investment prospects?" Stan Olind immediately asked Xia Tian.
Chapter completed!