With the entry of top giants like Morgan and Rockefeller, it has directly added a fire to the already extremely popular subprime mortgage market. If there were still some people who couldn't understand the situation and didn't understand how this subprime mortgage could make money, but now they still don't understand, but they no longer need it, because as long as they follow it, it would definitely be correct!

"You don't understand this capital market. Don't Morgan and Rockefeller understand it yet? When you were still a slave in a cotton plantation, they already lived in a mansion in Manhattan. What else do you need to consider? Now you must seize this rare opportunity, get as many mortgages as possible, and then go to an insurance company to do CDS contracts, which is credit default swaps, that is, a lot of money!"

I don’t know how many professional agents say to their friends like this, as if in the eyes of these people, CDS contracts are just a gold mine, and as long as you get them, you can make money while you are lying down.

Following the trend is always an eternal topic in the capital market, but I forgot that capital will not grow for no reason. The money of top wealthy families like Morgan and Rockefeller did not fall from the sky, but was earned from all the ordinary people who wanted to follow the trend.

This is true. When Piero and Freeman decided to enter the market, they directly said at the family's internal meeting: "This time the CDS contract is a hype. No matter how beautiful the public data is, it will never change the fact that these subprime mortgages are garbage. What we have to do now is to acquire as many CDS contracts as possible, push up the price of the contract, and then find opportunities to sell them."

Yes, whether Piero or Freeman, they realized that it was a once-in-a-lifetime speculation opportunity from the beginning of understanding Zhou Ming’s theory of subprime mortgage and insurance, and then they did it.

Of course, no one can see it, such as the chairman of New York Mutual Bank.

"These guys just want to make money. If they come in to speculate, it will cause market turmoil. In this way, all the good reputations we have finally established will be over! Everyone will think that we have harmed them and created CDS contracts!"

It must be said that since he witnessed Zhou Ming showing him the miracle of wild growth, the chairman seemed to have suddenly become enlightened, and he became awakened. He immediately understood the problem, which made Zhou Ming look at him with some admiration.

Zhou Ming told him not to worry. Zhou Ming thought it would be nice to have wealthy families like Morgan and Rockefeller participate.

"The more people involved, the more fun it is. Otherwise, we would only close the door and turn our left hand to the right hand, and always sing a one-man show by ourselves." Zhou Ming said.

The chairman lowered his head. As the core figure of this incident, he certainly knew what they meant by "prosperity". In fact, the situation in the CDS contract was very bad at the beginning, and no one was willing to take over such an insurance policy.

But this is normal. After all, if you do a high-risk thing like a subprime mortgage, why should I give you a guarantee? Am I your father?

Therefore, at the beginning, those who took over Zhou Ming and his friends' insurance policies were all familiar with insurance companies. Whether it was the premiums given to the insurance company or the compensation that the insurance company might give, they actually paid by themselves. As well as the later transfer transactions of these CDS contracts, the money was also paid by Zhou Ming himself. It was not until later that the top banks such as Motong and Manhattan entered the market that their CDS contracts were actually sold.

"But we can't let them destroy the market we have built so casually!" said the chairman.

Zhou Ming glanced at him: "It seems you like this feeling very much!"

He was stunned for a moment, then lowered his head embarrassedly: "I was just a boss of a small investment bank, and I was busy all day long for tens of thousands of dollars. Now I have made subprime mortgage and CDS contracts. For the first time, I have this feeling of being thanked and admired by many people. This is pretty good."

He then remembered something and said, "And Mr. Zhou Ming, you are the same. I know that those Americans who can't afford a house are thanking you. You are their savior!"

Zhou Ming smiled and shook his head, saying that he was just a capitalist full of stinking money, not that great.

Zhou Ming then told him that the market is not that fragile, and Zhou Ming also asked him: "What do you think is the root of these CDS contracts?"

He tried to answer whether it was those subprime mortgages? But those subprime lenders seemed to be unreliable.

Zhou Ming told him that the fundamental part of these CDS contracts is the housing market, or it can be said to be the housing prices.

He was even more panicked now because he believed that the real estate market in the United States is very bad now, and housing prices are weak every year and are falling. Many people who speculate in real estate have lost all their money, and they would rather rent a house than buy a house.

But Zhou Ming told him: "I think the spring of real estate in the United States is coming now, so we must continue to promote subprime mortgage and CDS contracts!"

The chairman looked at Zhou Ming in surprise, and soon his eyes became excited. He hurriedly asked Zhou Ming if he had received any news, was the Federal Reserve preparing to cut interest rates or was there any new bill in the White House?

Zhou Ming shook his head and told him that these things are not something that can be seen, he just needs to wait.

So the chairman waited for a long time, just like seeing what would happen, but he didn't wait for anything.

This made him wonder. Even if he was not a real estate businessman, he had dealt with various capital industries and made predictions on the real estate market. He finally understood a little, but he did not see any good news for the real estate industry, but the real estate market suddenly rose one day.

Seeing the day when it was rising, the chairman felt that his whole life view was about to be subverted. He could not imagine how such a thing would happen, and he couldn't understand what was going on in the real estate market.

"It should be that a large amount of subprime mortgages have injected a large amount of funds into the real estate market, which has led to the great development of the real estate market in the United States. In this way, Mr. Zhou Ming should give you a medal! What you do are simply the benefactors of the United States!"

This was his guess, but Zhou Ming told him that this was not right...or it was not completely right.

"Subordinate mortgages do have a role in promoting the real estate market, but the real estate market will become more and more prosperous in the future, and it is impossible that it will be the result of subordinate mortgages."

Zhou Ming said while throwing him a newspaper from the post, but the chairman turned around several times but didn't understand what Zhou Ming wanted him to read. In the end, Zhou Ming had no choice but to point him to the front page headlines. He was stunned at the time and was stunned.

"Isn't this the Kosovo War?" He said in dismay, completely unaware of how this war, which took place on the other side of the Atlantic, affected the huge real estate market in the United States.

If it was a previous life, Zhou Ming also thought that this was just a story when he saw such news, but now Zhou Ming understands that this connection really exists.

Yes, the Kosovo war has broken out.

Not long after Piero and Freeman officially entered the field to hype the CDS contract, the Kosovo war broke out.

At that time, the United States set a final signing period for Kosovo and the Federal Republic of Yugoslavia, requiring both Kosovo and the Federal Republic of Yugoslavia to sign the so-called "peace agreement", otherwise the party that did not sign would be attacked by NATO armed forces.

However, letting the tribal armed forces who want independence put down their weapons and let Yugoslavia, which is determined to maintain unity, let Kosovo autonomy be laissez-free. This so-called "peace agreement" that fundamentally violates the principles of both sides is impossible to accept by either party, but the United States does not allow any modification to the agreement.

This was undoubtedly not for peace, so the Kosovo representative finally signed the sign, but the Federal Republic of Yugoslavia refused to sign it with a tough heart.

Then the result is very clear. Three days after the US ultimatum, NATO multinational forces led by the United States launched an air strike code-named "Alliance" on the Federal Republic of Yugoslavia in the name of "protecting human rights."

The process of the Kosovo War is no different from what Zhou Ming remembers, and it is mainly divided into three stages.

The first phase of the air strikes were only air strikes on military facilities around the capital of Yugoslavia. Such air strikes were at most under the guise of deterrence, and such air strikes did not even alarm the European stock market.

Zhou Ming knew very well that this "Kosovo War" was carried out to compete for neutral capital all over the world, so the results of the first phase were obviously not satisfactory to the United States, so Wellington quickly authorized the launch of the second phase of air strike.

The intensity of the war in this second phase of the air strike was significantly increased. He attacked all the Yugoslavia troops and military supplies south of the boundary with 44 degrees north latitude as the boundary.

As the intensity of the air strike increased, Zhou Ming's stock market finally began to change. Several major stock markets such as London Frankfurt and Brussels were fluctuating violently, and the indexes fell a lot, and even the majestic euro exchange rate began to change.

At this time, US President Wellington announced that the air strikes against Yugoslavia entered the third phase, that is, to expand the attack range as much as possible and increase the attack intensity. Wellington authorized NATO troops to carry out 24-hour uninterrupted bombing of all military facilities in the Yugoslavia. Not only military facilities, but also civilian facilities such as bridges, railways and power systems were also bombed by NATO.

Just like in previous lives, although the United States' bombing of Kosovo has been escalated to the third stage, the White House still has no plans to send troops to fight.

Faced with the doubts of his staff, President Wellington said: "The war was originally intended to create panic, so any act of sending soldiers was unacceptable. And once any soldier casualties occur, the pension will exceed the Congress' budget, so it is better to have only air strikes!"
Chapter completed!