Rebirth: My dad is a coal boss

When the King of Understanding heard that his proud daughter was in love and said such words in front of Lin Hao, he held his forehead and didn't know what to say.

You know, Ivanka, the eldest daughter, has been very smart since she was a child. Especially when she grew up, she is not only beautiful and has a good figure, but also excellent in other aspects. He is very satisfied with her. He even said in front of the media that if Ivanka was not her daughter, he would like to date Ivanka very much.

He planned to train Ivanka as a successor. After Ivanka graduated, he planned to let her go to work at the Trump Group as vice president. Now Ivanka looks like a little girl in love compared to her previous smart and capable image. Lin Hao is eating her to death.

When Lin Hao heard Ivanka's words, the corners of his mouth rose slightly. It's done. It's easy and simple.

"You did well in Europe this time." Although the King of Understanding was a little dissatisfied with his daughter being dealt with by Lin Hao in just a few words, he was still very sure of Lin Hao. It can be said that Lin Hao's trip to Europe has made Lin Hao's influence explode. This year's Time magazine must have Lin Hao.

Not only has the influence exploded, but the industrial layout has also become more reasonable. The acquisition of Manchester United has allowed Lin Hao to enter the sports world. Football is the world's number one sport, with countless spectators and fans. Manchester United is the football club with the most fans in the world. The commercial value of the Premier League is also getting higher and higher. The benefits of acquiring Manchester United for Lin Hao are huge and far from being measured by money.

There are also luxury groups. The world has slowly emerged from the impact of the financial crisis, and the economy has begun to recover. The luxury industry has huge potential. Lin Hao's Jasmine Group is directly the world's second luxury group. Once the reorganization is successful, it can even rank first, surpassing the LV Group.

Although the above two are very important, in Trump's view, they are not as important as the acquisition of Julius Baer. You must know that Julius Baer is not only one of the largest private banks in Switzerland, but also one of the largest private banks in Europe.

After a year of development, Lin Hao's vast capital in the United States has become a new upstart on Wall Street. Especially this year, with a series of investments and profits from crude oil futures, he has been called the Wolf of Wall Street by the global financial market.

Now the acquisition of Julius Baer Bank can be said to be even more powerful, and will take it to the next level in the financial market. In just one year, the cooperation between him and Lin Hao in real estate has made a profit of more than 1 billion US dollars.

Today's US real estate market is extremely prosperous. Before the subprime mortgage crisis broke out, most Americans were convinced that US housing prices would soar all the way and never stop; and the US dollar was as solid as a rock and always maintained a strong position. In contrast, the Chinese may be more inclined to the concept of "land will continue to appreciate" and "house prices in the core areas of first-tier cities will never fall", but the Americans are more determined about this. They firmly believe that as long as they buy real estate, they may become rich overnight, or even cross the class and completely change the trajectory of their lives.

Therefore, they regard this way of making money with high leverage as a symbol of the "American Dream". It is worth mentioning that the interest rates of most so-called "subprime loans" are much higher than ordinary loans. However, major banks in the United States are happy to engage in this kind of business.

As long as the homebuyer signs the contract, he can take the house away without paying a penny. Before, there was no bank, and they all cooperated with other banks. Now that Lin Hao has acquired Bank of China, he does not have to share profits with others. They can do it themselves. Bank of China also has branches in the United States. Although it is not large, it is enough.

At present, the threshold for mortgage loans in the United States is incredibly low - a college student who has just stepped out of campus can easily get a mortgage loan. These young people only need to wait for house prices to rise, and then quickly sell them and cash out, and they can easily make huge profits of hundreds of thousands of dollars. Such an easy way to make money makes people sigh: Since making money is so easy, why bother to work hard? It is better to devote yourself to the business of real estate speculation!

In the United States, banks dare to provide loans to the so-called "three-no personnel" who have no income, no job, and no collateral. Surprisingly, they do not seem to worry that these speculators will not be able to repay their debts and choose to abandon their houses and stop paying. Why? It turns out that the Bank of America had already packaged these people's mortgage loans into financial bonds and sold them to the US "state-owned enterprises" - Fannie Mae and Freddie Mac (commonly known as the "two houses").

In this way, the bank itself has successfully recovered the cash. However, the "two houses" could not bear this risk out of their own pockets, so they repackaged these subprime loans into US Treasury bonds and then pushed them to investment institutions forSales. This series of drum-beating and passing-the-flower-style operations completely rely on high leverage, causing the bubble in the market to continue to expand and blow bigger and bigger.

For example, if there is a house worth $250,000, the buyer only needs to take out $50,000 as a down payment, and the remaining $200,000 is paid through a loan. If the house price rises to $300,000 in the second year, the buyer's original down payment will be fully recovered.

At this time, the bank directly raises the appraisal price of the house to $300,000, so that the buyer can achieve the goal of "zero down payment home purchase". Next, the bank packages the $300,000 loan and sells it to the "two houses" (Federal National Mortgage Association and Federal Housing Mortgage Corporation) for $400,000. In fact, the bank did not spend any money.

Then, the "two houses" further packaged the $400,000 loan and converted it into bonds at a price of $600,000 and sold it to various investment institutions. Such layered leverage ultimately resulted in the buyer, the bank, and the "two houses" and other parties not actually investing funds, but using the funds of financial institutions to complete the transaction.

Because a large number of families adopted this high-leverage method to buy houses, the debt ratio of American families at that time rose rapidly, and financial risks also increased significantly. The purchasing power of only $1 was magnified to $30 through layers of leverage.

He made $1 billion in just one year, which made King Trump a little proud. Now as long as there is a house, there is nothing that cannot be sold. The market is very prosperous, and the pre-sale houses launched are also swept away. In the current housing market, as long as you can buy a house, wait for a period of time, and resell it, you can easily make tens of thousands to hundreds of thousands of dollars. Trump Group’s houses are almost sold out. Now he wants to play something big, but he must have the help of Lin Hao.