Reborn in America, I'm serious about making money.
Chapter 241 Bankruptcy: The Rich Man Starts a New Business
On Christmas Eve, a shocking piece of news spread like a thunderbolt around the world: Stephen Chang, a renowned investor, entrepreneur, financier, internet venture capital giant, and founder of NT-MS, had filed for bankruptcy! This news undoubtedly brought a huge shock to the entire industry.
Of particular note is that, due to the impact of the 911 incident, Zhang San became the first person to file for bankruptcy. His 5% stake in NT-MS was entirely used to repay massive debts owed to overseas financial groups and the Nanbosan Trust Fund. Thus, all his debts were cleared, but he also became a bankrupt individual.
The news immediately caused a huge uproar. People expressed their regret and shock at the fate of this once-glorious business tycoon. Industry experts began to delve into the reasons behind the event and its potential far-reaching impact. Investors panicked, fearing that similar situations would be repeated in other companies. Social media was filled with speculation and discussion, and public opinion was in an uproar.
What is Zhang San doing?
He decided to start a new business and prepare to make a big splash.
"Although I went bankrupt, I believe I can make a comeback. Bankruptcy is not my fault, it's the fault of the environment. I mainly invested in the internet and finance, and both failed. Now, I'm going to start a new business, and I'm going to invest in real estate. I've raised a billion dollars to build a brand new society, a high-tech community, a wealthy area that combines modernity and classicism."
When Zhang San was interviewed by reporters, he began to boast.
"Stephen, you've never been involved in real estate before?" the pretty female reporter asked, expressing her doubt.
Zhang San said, "Of course, of course not. I'm a newbie in real estate, but I believe that the pursuit of comfortable and quiet private space is an innate instinct of every high-quality human being."
Just then, Amy came in and made them coffee.
"Thank you, Ms. Amy." The female reporter continued, "Stephen, how did you raise a billion dollars? I think many people want to know your method?"
Zhang San's lips curled into a smirk, and he immediately said, "This is the instinct to pursue profit; it's human nature. We've experienced painful disasters, and in such times, we need to lick our wounds."
"The Fed has lowered interest rates, and the real estate market will improve. Therefore, I urge North American homeowners that the real estate market will have at least five years of prosperity."
Zhang San's remarks, when published in the newspaper, immediately sparked a nationwide reaction.
"Hehe... This is America, not across the street. There are fewer people and more land here, how can real estate prices rise? Just kidding, hehe..."
"Isn't renting a place better? Hehe..."
"We can go into those houses that no one lives in, and they will become our homes. We can use whatever we want inside."
In a shabby, unlicensed bar in an alley, a group of people were drinking and making fun of what Zhang San had said in the newspaper.
However, unlike them, some people are already considering whether to invest in real estate.
Zhang San's viewpoint attracted attention. Some people began to analyze the economic situation in depth in newspapers and media, pointing out that although interest rates had decreased, the economy was not in trouble, and incomes were still rising.
Lowering interest rates and the Federal Reserve's large-scale quantitative easing are generally considered to be measures to stimulate economic growth.
Zhang San's words were interpreted as meaning that this did not mean there were economic problems. Rather, it meant repairs, and not repairs to economic problems, but rather stimulating the market to become more prosperous, in order to make up for the impact of the attack. This approach was intended to help more people recover from the trauma.
The entertainment industry has also received special attention and increased support.
Zhang San felt that this operation allowed those with fragile egos to live in a fabricated dream, indulging in a life of extravagance and debauchery, thus keeping them perpetually below, providing them with more sustenance.
Everything in a capitalist society makes people lose their fighting spirit and live in an illusion woven by capital.
What Zhang San did in the past was not only to let them live in beautiful love, but also to let them vent their excess emotions or negative trash talk online.
What we're doing now is providing them with a better living environment, where they can eat donuts, live well, play well, and receive emotional support. Oh, and of course, the federal government provides welfare. Where else can you find such a life?
Zhang San felt he was doing something great, providing a high-quality living environment for the people of North America. He didn't care whether it increased their burden; what did that have to do with him? If you want to enjoy life, you have to pay the price.
Stephen Real Estate, Zhang San's real estate company, is chatting with Trump.
Zhang San: "What do you think the future trend of housing prices will be?"
Twist: "I think it might be affected by interest rates."
Zhang San: "Oh? What do you mean?"
Trump: "If interest rates are lowered, the cost of buying a house will decrease, which may encourage more people to consider buying a house, thereby driving up house prices."
Zhang San: "That makes sense. Do you think interest rates will be lowered?"
Trump: "While the economy is currently fine, other aspects are less optimistic. The Fed may stimulate faster economic growth by lowering interest rates."
Zhang San: "I see. So, is this a good opportunity for us homebuyers?"
Trump: "Heh...of course they will. With the stimulus of low interest rates, their income will also rise. In this economic situation, they will feel more comfortable buying houses."
Zhang San listened like a student, impressed by this future expert who seemed to know everything. Trump also admired him greatly.
Zhang San: "Yes, then real estate prices will still rise. The interest rate cut is the biggest stimulus factor."
Trump: "That's right. And banks encourage people to buy houses. Everyone makes money together."
Zhang San: "I feel our opportunity has come, Mr. Trump. You will make a fortune, and perhaps one day you will become the president."
Perhaps Zhang San's words struck a nerve, because Trump immediately burst into laughter and said, "Your suggestion is fantastic! I'll be running for office in the future, and you'll have to support me then."
How did Zhang San and Chuan Tepu meet?
Zhang San met the other party during a fundraising event. The other party donated $10,000. Zhang San invited the other party to his company for a chat, which led to the conversation described above.
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