Boss Xu wants to borrow some money from Bank of America.
Bank of America said: "Why should I lend you money for nothing? You need to give me protection."
Boss Xu said: "I have many, many houses, which I can use as a guarantee for you."
Bank of America said: "Your houses are all in China, and I don't recognize them."
Boss Xu said: "Then I will ask a domestic bank to provide me with a guarantee."
Although Boss Xu's house has emptied six wallets of ordinary people, in his eyes, six wallets are like six walnuts, they are small drinks and don't matter.
Boss Xu turned around and mortgaged many houses to domestic banks.
Domestic banks are very stupid and naive: "The house is here anyway, you can't run away, okay, I will guarantee it for you."
With his left hand, Boss Xu mortgaged the house to a domestic bank, and with his right hand, he sold the house online to ordinary people. One house was sold for more than one house, and he was happy.
Bank of America said: "Dear, your domestic guarantee has been received. This is a loan for you. It will be directly transferred to the overseas account of Yongda Group. Pay attention to check~"
Yongda Group's overseas account rang, showing a credit of 2.3 trillion.
Boss Xu said: "The bad news is: this is Yongda Group's money, not my money. The good news is: Yongda Group listens to me."
The overseas branch of Yongda Group issued US dollar bonds in the United States at a high interest rate of 13.75%.
Yongda Group said: "Dear, you lend me 1,000 yuan, and I will return you 1,375 yuan. But only Boss Xu and Boss Xu's family can buy it."
Boss Xu took a look and said, What a coincidence, I happen to be the only one who can buy such a high interest rate. Is it because of my hard work and diligence?
In this way, Boss Xu lent many "1,000 yuan" to Yongda Group, and Yongda Group returned many "1,375 yuan" to Boss Xu.
In this way, money flows to those who are not short of money.
Lin Shuping wanted to divorce Jun Ziyi and pile up his company's debts in advance, so he could only tell Jun Ziyi: "Divorce, right? I have no money. Please help me pay back the money."
Boss Xu’s overseas company lost all its money and was full of debts. Bank of America urged him to repay the money, and Boss Xu spread his hands and said, "Should we break up the partnership? I have no money, so you can help me repay the money."
Bank of America said angrily: "You don't have the fucking money to fly your own private jet to your ocean view mansion?"
Boss Xu said: "You ask my guarantor for money."
Domestic Bank pointed at itself, and "?" slowly appeared above its head.
Boss Xu spread his hands and said he had no money, but where would the domestic banks get the money? Isn’t the money in domestic banks the money of ordinary people?
Bank of America said, "Where are the many, many houses you mortgaged?"
Domestic banks began to get angry: "These houses have been sold to six wallets. How dare I touch them? Do I want my life?"
Bank of America was confused: "Then you directly bear these debts, and the money you paid to open the bank was also given by six wallets? After all, isn't it all six wallets?"
Domestic banks turned red in the face: "Nonsense! What is taking over! This is the glory of protecting the country!"
In this way, Boss Xu has domestic debts and exchanges them for US dollars abroad. The debts are domestic and the money is overseas. The risk is shared among six wallets. And he himself is not only relaxed, but also established a 2.3 billion trust to ensure that his wife and children will enjoy eternal wealth.
For a time, other domestic capitalists were excited.
At this juncture, the state took action, and Boss Xu was imprisoned with bracelets and shackles.
Country: "Once the money goes out, people can't escape. What does money have to do with you?"
…
Boss Xu was publicly arrested, and the business model of high turnover and spreading the pie finally collapsed. The public was in an uproar, causing a series of chain reactions. The industry tsunami is coming, and Yu Ben’s worries have become a reality: the real estate industry has finally ushered in a cold wave.
Ordinary people stopped buying houses, clutched their money, and started to wait and see.
A large number of people made a prompt decision and started selling their properties.
House prices continue to fall, and bailout policies are of no help.
The price of second-hand houses is getting lower and lower, new projects are beginning to involute (drop) in the availability rate, the shared area is shrinking, and new projects with 100% availability rate are constantly emerging.
The wave of supply cuts is rising, and starting from September 1, 2023, banks will uniformly reduce the BP of existing housing loans.
The stocks of real estate companies plummeted, and China's A-shares plummeted and fell alternately. The confidence of investors fell to the lowest ebb. The state issued documents to boost confidence, but with little effect.
When the house is sold well, upstream and downstream enterprises depend on it and thrive, such as cement building materials, furniture and appliances, decoration properties, etc. Only when there is business can there be employment, and only when there is employment can there be consumer confidence. However, as the industry has been cold, wealth effects and income expectations have been reduced, and everyone's consumer confidence has also fallen to an all-time low.
The topic of "consumption downgrade" has become more popular. Ordinary people do not buy houses or consume other things.
For the real estate industry, there is no longer a new cake. The old cake is only so big, and the future is an era of involution.
When the light in the sky gradually dissipated, "looking up" finally lost its original meaning. Are the elites still willing to make hard money down-to-earth when they are used to making money from real estate?
But whether it likes it or not, the real estate industry is finally forced to "look down."
From the Golden Age, to the Silver Age, through the Bronze Age, the Black Iron Age has finally arrived.
Whoever can involute in the stock will survive.
…
Zhuoxiu Group's new round of cost reduction and efficiency improvement is coming with great momentum.
In the new round of layoffs, the company began to target middle-aged employees with stable performance.
One of the middle-aged employees impressed Chen Jiaxian deeply: his child suffered from chronic diseases, so although he had a high income, he wore ordinary clothes and gave his wife and children cheap employee meals from the company canteen every day.
A colleague in the tea room whispered: "...he always smells like poverty, and his clothes never dry in the sun, and they smell like drying in the shade."
"...the smell of a rental house."
Chen Jiaxian turned on the faucet and put the cup under running water.
In fact, a stable life is the most fragile. If she hadn't tried her best to maintain her current life, she would have lived in the same mess.
Amidst the sound of water flowing, Han Fang came to Chen Jiaxian to say goodbye: "I have been laid off."
Chen Jiaxian paused.
There is no foreshadowing, no warning. Turns will always come unexpectedly, but maybe this is life.
Chen Jiaxian stood up straight and turned the mug in her hand nonchalantly: "Have you found your next home?"
South Korea reported the name of a large company: "Internet."
Chen Jiaxian lowered her voice: "Your boss won't help you fight for it?"
Han Fang looked around and whispered in Chen Jiaxian's ear: "I was laid off on my own initiative. Brother Qiao Mu helped me recommend a new job. I got the offer, he put me on the layoff list, and I also got a big gift package. "
He reminded Chen Jiaxian: "The industry is in turmoil, you'd better plan for yourself as soon as possible."
Chen Jiaxian said softly "Hmm".
Life is like this, building a tall building, entertaining guests, and when the building collapses, they always meet lightly, and then dissipate like dew.
Han Fang said: "Now you can get a big gift package for layoffs, but the next wave of layoffs may not even get a big gift package. It is better to leave early than to leave late. Moreover, the job market is not yet saturated, so you should leave early to find a job."
Chen Jiaxian said: "But the Internet has also fallen into involution, which is also not a good choice."
Han Fang shrugged: "Where are there no layoffs? I have no choice. I can do whatever I can. I just want to survive."
He washed the cup and smiled at Chen Jiaxian: "I'm leaving."
Chen Jiaxian stood up. She reached out to turn off the faucet, leaving a trail of water on the marble countertop with her wet hands.
"Goodbye." She said to Han Fang.
Han Fang smiled and nodded: "Goodbye. We always have to say goodbye."
