Rebirth 79: I opened a bank in the United States

"Uncle Goodman, now contact Port Newt and Monza. Let's borrow the money! We have to borrow more! In five years, I will pay 13 points of interest, and each family will borrow 250,000 US dollars! Over there from the Federal Reserve

You can also call and ask..."

Bet on it!

Carter has never been a person who follows the rules, not in the past, and even less so now. In other words, if you don't dare to take a gamble when you have such an opportunity in front of you, then why don't you do a damn bank? Just pack up and get out as soon as possible.

The financial market has always been about starving the bold to death and starving the coward to death. Although before a bold person is starved to death, there will be countless bold people who are tricked to death. But Carter believes that he will definitely be the one who is starved to death.

Just rely on your own foresight...

After getting through this difficult period, in the 1980s and 1990s, you can make a few investments in Google, Microsoft, Apple, Amazon, etc., and you will have free wealth for the rest of your life!

"No, not just the Federal Reserve! Our trade association in Georgia also issued announcements to raise funds! I only have two requirements. First, the loan period must be a long-term loan of five years or more; second, the interest rate must not exceed 10%.

5. As long as it does not exceed 15%, you can agree to it. Negotiate a larger amount, the more, the better!”

The more he thought about it, the more excited Carter became. He simply continued to increase the bet. The hundreds of thousands of dollars from Port Newt Bank and Monza Bank were no longer enough to satisfy Carter's appetite.

The hundreds of thousands of dollars obtained can only ensure that Black Bank can survive the current difficulties. In the future, after the loan is recovered, a small profit will be made. But is a small profit enough?

"Are you sure it's fifteen points of interest?! Carter...are you serious?"

Unlike Carter's excitement, Goodman had a look of astonishment on his face, and even reached out to grab his own ears, wondering if there was something wrong with his ears. Such unsightly behavior would never be tolerated by this self-proclaimed elite in the past.

Saw it on the guy.

"Of course, I'm very serious! Fifteen points, as long as it doesn't exceed fifteen points, you can agree. Well... In addition, if the amount exceeds US$250,000, for every additional US$10,000, you will have US$100.

Commission, every time the interest decreases by one point...10,000! I will give you 10,000!"

"No, no, no, this is not a matter of bonuses or commissions. Carter, are you crazy?! If you borrow money like this, what will we get back in five years? We are just a very, very small city, not Atlanta, let alone New York.

!You can’t expect those farmers who grow peanuts and tobacco to take out large loans!”

Goodman was so frightened that he waved his hands repeatedly. His demeanor? He had already thrown it away at his grandma’s house...

Walking around the large desk, Goodman walked up to Carter. Looking at him, he almost wanted to grab Carter's collar and question him.

"Calm down! Uncle Goodman, be more open-minded. What are we? We are a bank. We have money in our hands, which is the greatest confidence. We don't have to worry about not making money."

Carter understood the reason why Goodman was so frightened. In the final analysis, his family's financial resources were too thin. Moreover, banks in these days were actually very traditional. In addition to the monthly management fees paid by depositors, the only way to make money was through loans. Black

There are not a large number of potential customers in need of loans near the bank, so naturally it cannot make money from the loans.

Let alone investment income, Black Bank currently does not have the strength to get involved in investment banking business. As for foreign exchange settlement and settlement business, come on, Black Bank is the client of those intermediary banks...

So Carter's first idea of ​​making money was also to make loans. Taking advantage of the information gap, he borrowed large amounts of money at low interest rates. After the Federal Reserve raised the federal funds rate, the amount of money circulating in the market decreased, and then it was purely a seller's market.

As long as you have money here, if you want to borrow money, you can only come to me! You have to eat the 20 points of interest! You can even lend higher than the interest rate set by the Federal Reserve. After all, the federal funds rate set by the Federal Reserve is usually

It will only have an impact on the financial industry.

To put it bluntly, the federal funds rate is the interest that banks need to pay when borrowing funds from the Federal Reserve. Ordinary individuals are not eligible to borrow money from the Federal Reserve. In this way, the interest rates on loans granted to individuals by banks will

How much is it?

Carter doesn't know this, but he can make a bold guess... The money borrowed by the bank has to pay more than 20 points of interest, and the money they loan out...

Is it polite to not charge more than 30 points of interest?!

Don’t forget, the standard for judging usury in China in the previous life was an annual interest rate of 36%. If the interest rate exceeds 36%, the state guarantees that you don’t have to repay it! But in fact, there is another value that is also very important, which is that the annual interest rate is 100%.

Twenty-four points.

The annual interest rate of 24% is actually very high! When Carter was pursuing a girl from the School of Political Science and Law, he happened to read the "Provisions on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases", and he found it very interesting at that time

a little bit.

In Article 26 of the regulations, it is clearly stipulated that if the annual interest rate of the loan does not exceed 24%, the court shall support the lender in requesting interest and principal from the borrower. If the annual interest rate exceeds 36%, the court will in turn support the borrower in requesting the interest and principal from the borrower.

The lender requires interest for the portion that has been paid in excess of 36%, and clearly states that the loan agreement for the portion exceeding 36% is invalid!

So there are actually two lines for loan sharking. The first one is 24%, which is an early warning line. If it exceeds 24%, it actually smells like loan sharking, but it is not particularly bad, so the repayment matters can be negotiated for the excess;

The second one is 36%. This is a high-voltage line. Once it passes, there is no need to negotiate. Then look at the interest rates in the United States a few years later. Almost all the loans during that period were considered loan sharks.

!

Moreover, it is still usury that can be issued legally! After all, you, the Federal Reserve, have taken the lead in engaging in usury, so why don’t you add to the fire?

You must know that the Federal Reserve is not without restrictions. Especially the federal funds rate, an important indicator that can affect the development of the national economy. According to regulations, the federal funds rate is only allowed to fluctuate between 8% and 14%.

In the future, the Federal Reserve will take the lead and raise interest rates to more than 20%. Are the banks below not allowed to increase interest rates? This is the United States! Even the raging IRS cannot resist the power of capital. If the Federal Reserve is only allowed to increase interest rates,

Other banks are not allowed to raise interest rates...

Then this president must be tired of living and wants to visit God's hometown...

Lending funds to other banks on the front hand makes a small profit, and lending funds on the back hand to individuals, individual businesses and enterprises, and making a lot of money!

No matter how he thought about it, Carter felt that he could not lose. But Carter could not explain this kind of foresight about the future. After all, this information was only what he had seen in a course on world economic history. Regarding other aspects of this period,

Carter really doesn't understand.

Even trying to make up a seemingly reasonable excuse seems too weak. But fortunately, Black Bank is just a small country bank with a small financial background, which means...

There are few people who can play!

"Now I am the boss! I have decided, you go ahead and do it. No matter what the final result is, I will bear the full responsibility!"