foundation?

Zhou Ming gave a reminder, but many people were still confused and didn't understand what was going on.

Lang Ke couldn't stand it and whispered, "Think about it, why are we sitting here?"

Why do we sit here? Of course, it is to invest in the foundation...

This is a logic that is almost nonsense, but at this moment when these people think of this sentence, they suddenly realize it.

"So Mr. Zhou Ming is preparing to continue to split the foundation's shares and sell them?" someone couldn't help asking.

The so-called waiting for someone to send money is ultimately to use the foundation's control over the channels and continue to split the shares for sale. When the prices of goods in the market rise to a certain level, they sell the foundation's shares and cash out and leave the scene. Isn't it like they did nothing themselves and were waiting for others to send money to their door?

"Not just a simple share sale, we can also carry out ABS financing. If the operation is done properly, we can even enlarge the foundation's fund pool by at least ten times." Zhou Ming said.

Everyone took a breath, knowing that the foundation's current funds are said to be worth hundreds of billions. According to Zhou Ming, wouldn't it be able to reach a trillions of dollars when the ABS financing ends? And then when the cashing out and leaving the scene, the benefits obtained are simply unimaginable.

But some people also asked questions: "How can ABS financing expand the fund pool? Even if you falsely report the amount of assets of the foundation and praise the expected profit of the project, someone will buy it. I don't think Morgan and Rockefeller will believe this nonsense."

This question was also approved by some other people. They all felt that Zhou Ming’s idea was a bit too pretentious, and some people even raised the current value of the foundation, and they were a little suspicious.

Zhou Ming could only shake his head and sigh when he questioned these people. Sure enough, even the gap between the wealthy families was also very big.

If he said this to people like Piero and Tisman, they would definitely understand immediately that they were going to use financing leverage, but at present, these people not only did not understand, but also wanted to bargain with them. This is really... Zhou Ming can understand why these guys have made no achievements in the financial market.

"You idiots, if you don't understand finance, can you stop talking nonsense?" Lang Ke said angrily. He really felt embarrassing to stand with these guys.

When Lang Ke suddenly scolded him, the others were also a little confused and understood that it seemed that something was wrong with him.

Since these guys don’t understand, Zhou Ming had to explain to them again what ABS financing is.

"Simply put, it is to securitize the project, and then I can package and sell the next project that I manipulate on the market, borrow funds from others as collateral, and then this process can be repeated many times."

Zhou Ming knew that they would not understand why the same project could be repeated many times, so he said in advance: "Because the prospects of this project are very high, for example, in Pittsburgh, if we can monopolize the sales of small commodities from Christmas to New Year's Day, we expect to make a profit of at least 40 percentage points."

Zhou Ming emphasized in particular: "This is just a city in Pittsburgh. What if we continue to carry out this project in New York, Chicago and Los Angeles? Does this mean that our projects can be resold in these places."

This is not the most correct explanation for ABS financing, but it is the most easy to understand. These people suddenly realized it after hearing it, and praised Zhou Ming for his genius idea.

Some people also reflected Zhou Ming’s project purpose: “Mr. Zhou Ming did this to attract Morgan and Rockefeller to invest, right?”

Zhou Ming said that this is the case. After all, if no one takes over, the matter behind the foundation will be difficult to deal with.

Zhou Ming's plan made these people clench their fists, because all the time, the wealthy families like Morgan were designing financial products to dig holes for them, and now they can finally dig holes for Morgan and other financial families!

Zhou Ming did not comment on this, but continued to tell them the topic: "So your current task is to find ways to continue to promote the circulation of goods in the market and seize the market as high as possible. Only when these goods have a higher share in real estate, will our foundation projects be more convincing."

"Mr. Zhou Ming, don't worry, we will make the conversion of goods the mainstream of the market as much as possible!"

Someone immediately expressed his opinion, and others also followed suit. It was quite positive. Although they had known the market potential for replacing goods in the past, they would not have come to Pittsburgh, but now Zhou Ming told them that using financial leverage can increase by ten times more, how can this not make them crazy?

And it's not just a matter of interest. Which of the families in the Great Lakes that are financially disadvantaged, has never suffered a big loss from guys like Morgan and Rockefeller in finance, and now they have the ability to win a game back, which is even more proud.

After the meeting, these people immediately called back and reported to the family. Their family was also very excited and said that they would do this well and cooperate with Zhou Ming.

The following matter is simple. Under the dual threat of public opinion and zero-yuan purchases in various places, merchants in various states, even large supermarkets like Marvo, have given up on high-quality Chinese products and put them on various modifications from the origins.

And when these people were launching vigorous market movements everywhere, Zhou Ming was thinking about another question.

"Hunt, what should I do if you say that such a large-scale commodity replacement on the market? What should I do if the batch of things that were replaced?" Zhou Ming suddenly thought.

Hunter couldn't answer this question, but he understood that Zhou Ming must have a new idea.

...

In the Clegg shop on Los Angeles's Commercial Street, Clegg also completed the replacement of the goods, and he finally breathed a sigh of relief.

When he saw someone entering the store, he immediately stood up to greet him: "Welcome, we have products from all over the world, including clothes from ZJ, electronic toys from GD, shoes, socks and lighters from PRC, but absolutely no product from China, so you can definitely choose it with confidence!"

"Damn bastard! The last time you came, you obviously had Chinese products, so you must have hidden them!"

An African-American guy with a braid who came in cursed hatefully, obviously feeling angry and upset that he could not justify the zero-yuan purchase.

Clegg felt glad and sad, glad that he escaped the disaster for his small shop, and sadness was because of this forced product replacement that caused him to suffer heavy losses.

Clegg yawned and looked at a room behind him. It was originally where he rested every day, but now he can no longer go because it was replaced.

Chinese products.

He didn't want to go in, on the one hand, because there was not enough space inside, and on the other hand, he would make himself anxious when he saw those products.

That was the goods I bought with my own money. I had originally been hoping to make a lot of money on Christmas and New Year's Day, but now it has become a waste product, and it is still a waste product that will cause trouble to me when I appear in the store.

At this time, footsteps sounded outside, and supplier Owen strode into Clegg's shop: "Old man, should you pay for the goods today?"

When he heard this, Clegg's whole face was as worried as if he had constipation.

Clegg told Owen with a bitter face that he had already taken out all the money for him: "You also know that there are passionate protests everywhere now, and business is difficult to do. My shop has only been robbed and has not sold anything at all. I really have no money. Please give me a while, okay?"

After hearing this, Owen cursed: "Why are you bargaining with me? You know that I never take credit for others. Now I allow you to owe so much debt. Why do you have the nerve to tell me about this? Could it be that I made you unable to sell it?"

In fact, if Clegg's payment for goods was based on the price of Chinese products, he would have collected it long ago, but who wouldn't want to make more money? So even if Irving knew that the price was rising privately, he would still collect it.

Clegg really had no choice. He cried that he had been robbing the store during this period. He couldn't sell much of the goods every day, and he was losing money. He also had to pay rent, water, electricity, taxes, and bank loans. Every day when he opened his eyes, he felt that the whole world was a creditor.

"You are so pressured to force me now. When I go bankrupt, you won't get a cent!" Clegg shouted.

Seeing that Clegg was a little emotionally collapsed, Irving had to soften his tone. He told Clegg that he was not forcing him, but that if he could not get the payment back, it would be difficult for him to do it.

Irving also hugged Clegg's shoulder and played the emotional card and said that they were all long-term business partners. He also sympathized with Clegg's experience. He knew that Clegg was a well-known businessman on this commercial street, so there must be a way to pay for the goods at this little bit.

Clegg also sighed heavily, saying that he really had no money.

"What can I do? There are robberies everywhere now. Owen, you know me. The Chinese goods I used to be there are still there, just behind that door. Otherwise, you will take them to return the goods to your boss and how much money can you get? Not only will I settle the payment for the goods on the spot, I will also pay you a commission of at least two thousand dollars!" Clegg said.

But Irving was helpless: "What do I want your goods? Now all states in the United States are targeting those Chinese goods. Don't you know? I took them away and I'm afraid I'll be snatched out when I go out!"

"So you said I have so much money on these goods, so where can I still have money!" Clegg said.

Irving stood aside, and he had no choice but to do anything about this matter. He could put pressure on Clegg, but he could not really force him to go bankrupt.

And what bothers Irving even more is that Clegg's case is not an isolated case. His clients have this problem throughout Los Angeles.

Irving also thought about asking his peers, but the result was that all agents across the United States were now facing the problem of backlog of inventory.

"God! Which superhero can come to save me!" Clegg wailed.
Chapter completed!