Chapter 288 Learn about the CDS protocol
Everyone was silent. Although these little bosses were screaming loudly before, when Zhou Ming directly told them that they were unhappy and they could get out of the game, they were all cowardly.
But this is inevitable. After all, these people's businesses are on the verge of bankruptcy. Today, people who fall into the water have to catch the last life-saving straw. Not to mention that Zhou Ming just asked them to wait for an hour, even if Zhou Ming slapped them one by one, they would not leave easily. At least they had to wait until Zhou Ming gave them the exact answer.
This situation was expected by Zhou Ming. He looked at the trembling little bosses in front of him and sneered: "Since you don't choose to leave, then please stand here and listen to me."
"Do you know? Actually, you are all very funny. I have never understood what you were doing just now. You said you are emotional, so you don't think about why you are emotional. Just because you waited for an extra hour here? Do you think it's so important for just one hour? Then I tell you, in my opinion, your hour is no different from garbage."
Zhou Ming added: "Oh sorry I was wrong. It's not this one hour, but you are no different from garbage!"
Zhou Ming hit them mercilessly. He was very confident that since these people didn't choose to leave just now, they would definitely not see each other anymore. The fact is true. Although these little bosses gritted their teeth in anger, none of them left.
Zhou Ming then told them: "So do you guys want to fight for aid or give alms? I'm sorry I won't give you any of these, I will only give you a very profitable project."
After pausing, Zhou Ming said again: "I don't know what your news channels are. Do you know something called CDS contract that has emerged in Thailand recently?"
Faced with this problem, most people were confused and didn't understand what Zhou Ming was talking about. Only a thin middle-aged man in the middle raised his hand and said, "Sir... Sir, if I heard and remembered correctly, the CDS contract you mentioned is a credit default swap contract, a policy that passes on your own business risks to others, right?"
Zhou Ming nodded and told them that it was this thing. The middle-aged man with glasses then said: "I know that investing in this CDS contract does have the opportunity to make money, but the same risk is also great. I wonder what kind of contract is the CDS contract you are talking about?"
Zhou Ming told him: "It is about the CDS contract for Thai government bonds. I bought a batch of Thai government bonds before, but I was worried that there were certain risks in these government bonds, so I found more than 20 large multinational insurance companies to sign many CDS contracts. I told you that you can invest in this CDS contract."
"It turned out to be your CDS contract, but why did you ask us to buy your contract?" Many people were puzzled.
Zhou Ming did not answer this question directly, but asked them why they were curious about this question, or did they think Thailand's national debt really default?
Many people felt relieved after hearing this question. Yes, that's the Thai government bond. Even with the eyes of these small bosses, they can still see that this is the best investment in Thailand with credit ratings and it is impossible to default. This means that CDS contracts are also the most secure investment and can definitely make money. So do they still care about why?
But this way, another more important question arises.
"But investing in CDS contracts requires a lot of money. We are all companies that are about to go bankrupt. Even if we know that investing in CDS contracts will definitely make money, we can't afford it!"
The dreamer woke up, and as this was said, the others also reacted. They said that what they needed now was money, and the project needed money to operate, but now they were all ready to go and lack money, so they couldn't let them borrow usury.
"I did ask you to borrow money, but it was not usury, but bank loans." Zhou Ming said.
When everyone heard this, their eyes lit up, but for only a moment, they became dimmed again.
It was still the thin middle-aged man wearing glasses and said, "Sir, aren't you laughing at us? If we could still borrow money from the bank, how could our company be as difficult as it is now and we can't find any capital turnover?"
Other small bosses also echoed that this is the case. Their current problem is not only that they have no money, but more importantly, the bank also understands the situation of these companies. Many of them either owe a lot of money or have been auctioned off by the bank. They have long been on the blacklist. How could they even get loans from the bank? Isn’t this a fool?
Zhou Ming smiled and told them: "If you can't borrow in the past, it doesn't mean you can't borrow in the future. Don't forget that the project you are going to invest in is a CDS contract for Thailand's Treasury bonds!"
This reminded them and made them all react. Yes, they are sure that they have poor confidence, but the projects they invest in have good credit. So using this as collateral, wouldn’t the loan be solved easily?
However, if one problem is solved, another problem will always arise.
It was still the thin middle-aged man wearing glasses and he asked, "Sir... sir, we are willing to follow your arrangements to invest in CDS contracts, but such a profitable project will definitely be in the hands of those big companies, we have no chance to get it."
With this problem, the others who just got up were excited and a little discouraged. After all, they are not the kind of passionate young people who have not entered the society, and they are all old foxes in the business world, and they understand the well-being of society.
They have not discovered any money-making projects before, but none of these projects are in the hands of those large consortiums. If they can leak a little bit of water, they feel that the Buddha's light is shining. How can they compete with such stable and profitable projects now? It's just another castle in the sky, which is out of reach.
But at this time, Zhou Ming said again: "This is why I came to you. If you let you do it yourself, it will definitely be impossible. But now I can tell you that anyone you ask for can buy these CDS agreements, and they will definitely sell them to you."
Zhou Ming paused and said, "Now the road is already in front of you. Whether to walk or not is your own decision."
Zhou Ming's words were heavy on these little bosses, which made them a little at a loss and were confused about what to do. They looked at me and I looked at you, and it seemed that everyone wanted to get the answer from each other.
Su Han stood beside Zhou Ming. She shook her head as she looked at the situation of these little bosses. She was no longer the little girl in the small restaurant a few years ago who was scared all day long. She followed Zhou Ming over the years and was the chairman of a group that big as a child. She had contacted all the powerful people and had already had a very vicious look at people.
With these people's behavior, how could she not tell that these people were all afraid? Suddenly, a big project that must make money fell in front of them, which made them stunned and dared not pick them up.
It is said that a disaster will make people at a loss, and the same is true for a fortune.
I have to say that these little bosses are little bosses. The emergency response to sudden incidents was too poor. When they were thinking about whether to push them behind their backs, the thin middle-aged man wearing glasses gritted his teeth and stood up. He looked at Zhou Ming and said, "I'm going to give it my best. If what you said is true, then I will follow you and I believe you!"
His words were like the first domino that was pushed down. With him taking the lead, others made up their minds and said that they all believed in Zhou Ming and wanted to do this CDS agreement.
Zhou Ming and Su Han were also relieved at this time. Zhou Ming then told them the names of more than 20 insurance companies and asked them to go to them to buy CDS agreements by themselves. As for how they trade or how to go to a bank loan through CDS agreements, they had to find a way themselves.
After saying this, Zhou Ming asked them to leave. Seeing these guys leaving, Su Han was still a little worried about whether they would be honest and obedient.
Zhou Ming was very confident: "They will definitely do it because they have no choice, and isn't there any middle-aged man with glasses?"
The fact is indeed as Zhou Ming expected. When these little bosses left the Li family's mansion, they still had the illusion of being in a dream. Do they really couldn't believe that they would have such a good situation? Some people reacted and thought it was too strange. Since the CDS agreement was so profitable, there was no reason for their turn. Some people thought it was clearly a trick on them and they had to go to the bank to take out loans. Do they think they were idiots?
Under such an idea, many people feel that they cannot believe Zhou Ming. If they rashly go to those insurance companies, there will definitely be no chance. You should know that those are large multinational groups, so how can they care about their small bosses?
These ideas are very popular among these people, and many of them are ignoring the crazy ones. Although they are not as rich as Zhou Ming, they cannot be fooled by others. They also have dignity. Some people even laughed at Zhou Ming for coming, thinking that Zhou Ming was a little rich and was complacent. They felt that everyone in the world had to listen to him, but it was impossible to order them.
"It's all a little quieter!"
The thin middle-aged man wearing glasses looked at these people in annoyedly: "You are really stupid. Do you still understand why we are like this? Isn't we just unable to seize the opportunity, have too many funny ideas like now? That gentleman is so proud. I think you are truly proud now!"
He said again: "I know you all have many concerns and have your own dignity and don't want to be fooled by others, but have you ever thought about another point? Do we have any choice?"
One sentence moved everyone, and he finally said, "I can't control what you want, but I believe that Mr. Zhou Ming, I will contact those insurance companies and find a way to get a loan from the bank!"
Chapter completed!