Rebirth: My dad is a coal boss

He had said bad things about Lin Hao in front of Ivanka before because it was a habit. If Ivanka really wanted to break up with Lin Hao, he would be the first to stand up and oppose it. It is not easy to find a son-in-law with so much money.

Lin Hao didn't care when he heard what King Dong said. King Dong couldn't leave him now, but the bugging incident in Los Angeles still made Lin Hao feel a sense of urgency.

Although King Dong is not the president yet, he still has some connections in the United States, at least much wider than Lin Hao's, and can help a little.

Pulling Ivanka to sit on the sofa, Lin Hao said to the King of Understanding: "It's okay. The basic layout in Europe is completed. We will focus on the US market in the future. Bank of Julius Baer will expand its branches in the United States, and branches will be opened in major cities."

"It just so happens that I have something to discuss with you. I am going to do something big. I plan to expand the scale of the company and increase the investment in real estate, but I lack funds. I plan to borrow 5 billion US dollars from the bank. Didn't you acquire Bank of Julius Baer? I won't borrow from other banks. Don't worry, although we have a good relationship, I won't take advantage of you. Just pay the normal interest rate."

Hearing the words of the King of Understanding, Lin Hao really wanted to say that you are so shameless. You asked for 5 billion US dollars right away, but Ivanka was holding Lin Hao's hand and leaning on him. The incomparable touch and elasticity made it difficult for Lin Hao to speak directly to Trump, so he had to ask.

"Why do you need so much money?"

"You don't know how prosperous the real estate market is in the United States now. Millionaires are being born every year. From last year to now, the Trump Group has made 1 billion US dollars. Of course, we have to take advantage of the victory to expand the scale. I feel that 5 billion US dollars is not enough."

After hearing what King Dong said, Lin Hao knew what was going on. Robert had reported to Lin Hao before that King Dong had made 1 billion US dollars, and Haohan Capital would only make more.

The subprime mortgage crisis in 2008 was deeply imprinted in Lin Hao's mind.

Since 2001, the US government has taken a series of radical measures to revitalize the economy. The most eye-catching of these is to continuously lower interest rates and release a large amount of money. The original intention of such a policy was to allow Americans at that time to boldly engage in advanced consumption, such as taking loans to purchase commodities such as houses and vehicles.

For ordinary people, this kind of advanced consumption is actually equivalent to taking on debt, because they have to use future income to make up for current expenses. However, the reason why people are willing to consume ahead of time or even over-consume is that they expect their future income to grow year by year.

In the decade before the subprime mortgage crisis, the economic environment in the United States was quite loose, and the inflation rate continued to rise, causing prices to soar, especially house prices, which showed a staggering increase.

Especially from 2004 to 2005, the rate of increase in US house prices was the most exaggerated. The rapid increase in house prices in a short period of time must have been driven by human factors. This trend of rising house prices further stimulated Americans at that time to borrow money to buy houses and even participate in real estate speculation.

In the United States, loans have become a very common behavior. Whether it is buying a house or a car, or using a credit card to pay bills and pay phone bills and other expenses, it can be achieved through loans.

Almost no locals will choose to pay the full amount of the house price at one time to buy a house, but generally adopt a long-term loan. However, we also clearly understand that unemployment and re-employment are a very common phenomenon in American society.

So, for those who have unstable income or even no income at all, how should they buy real estate? Because their credit ratings cannot meet the required standards, they are classified as subprime credit borrowers, or subprime borrowers for short.

Loan companies' overwhelming advertisements fill people's vision: TV, newspapers, streets and alleys, and even your mailbox is filled with tempting flyers-"Are you eager to live a middle-class life? Then buy a house quickly!"

"Insufficient savings? It doesn't matter, we have loans!"

"No income? Then come to our loan company!"

"Can't take out the down payment? Don't worry, we provide zero down payment service!"

"Worried about the high loan interest rate? Don't worry, we will provide you with a preferential interest rate of 3% in the first two years!"

"Still can't pay every month? It doesn't matter, you only need to pay the interest in the first two years, and the principal of the loan can be paid two years later."

Hearing this, the originally hesitant people began to be moved. After all, they are ordinary people who work hard every day, but can onlyBarely making ends meet. Faced with such attractive conditions, who can resist being tempted?

"Are you worried that you still can't pay it back in two years? Look at how much the current house has increased compared to two years ago. When the time comes, you can sell it to someone else. Not only can you live there for free for two years, but you may also make a fortune."

Under this temptation, countless American citizens chose to buy houses with loans without hesitation. They dream of owning their own home and enjoying the beauty of life. As a result, more and more people have joined this group and shouldered a heavy debt burden.

Are you worried about their debts in two years? American citizens who have always felt good about themselves will confidently tell you that even movie actors can become governors, and maybe in two years, I can run for president!

Under this mentality, the real estate market in the United States is becoming more and more prosperous, housing prices are rising, hot money is flowing into the financial market, and the society is prosperous, but it also lays the groundwork for the future financial crisis.

But it is only 2003 now, and there are still several years before the global financial crisis! And the real estate industry in the United States will usher in its peak next year. For such a great opportunity, how could Lin Hao miss it? Long prepared, set its sights on this field.

In this year, Haohan Capital has launched a series of securities products, which have been a great success in the market and are well received by investors. The huge profits brought by these securities products are jaw-dropping.

Faced with the request for a $5 billion loan from King Dong, Lin Hao couldn't help but think. Although the money was not impossible to lend, Lin Hao knew clearly that the crisis would not break out until 2007 and would not be fully detonated until 2008.

In other words, there are still three or four years. If the $5 billion is loaned to King Dong, he can only get a meager interest income. However, if he operates it himself, he can at least double the funds, and it may even be more than ten times!