I, Doctor in the US-Chapter 406 - 405: Leave a Back Door, Thinking of Yuanyuan

It's already 2007, and the economy is booming.

Zhou Mo Sen even sold the two old houses his parents left him.

Yes, he really sold them off.

No holding back.

Even though he's not short on money, nor is he worried about property taxes or anything like that.

The key is, it was time to sell.

Because house prices were soaring high now.

The houses he inherited were in a Chinese community.

Truth be told, although Chinese in the United States do like to reflect, and do tend to label themselves as weak.

But, the Chinese communities are actually quite nice.

Comparatively, some other communities in the United States are really...

Either they're wealthy White folks, whose communities are indeed upscale and luxurious, but also really expensive.

Most people simply can't afford them, even with high incomes here in the United States.

And to talk about what's affordable, with a decent community, good environment, especially in terms of safety and schools in the area.

Thus, a situation arises.

Chinese communities are indeed quite nice and very popular, especially with some White folks who are smart and have extra money.

They really like having Chinese as neighbors.

So, although Chinese are indeed bullied in the United States.

But, their communities are quite popular.

That means Chinese houses.

In fact, you can see this from Hollywood films and TV shows.

In many of those middle-class communities, there's often a Chinese neighbor among the White folks.

So, the property Zhou Mo Sen inherited.

Was already quite valuable.

And now, especially last year.

Oh boy!

The real estate in the United States is rising like crazy!

It can be said, it's skyrocketing!

No doubt, 2006 was truly the craziest year for real estate in the United States.

The key to this year is...

A flood of buyers with 'excellent' credit appeared.

Yes, you read that right, it really is like this.

They can borrow a massive amount of money from banks.

Or, it's much easier for them to get loans.

In fact, sometimes you have to admit.

The financial industry in the United States is indeed quite advanced.

And the key to the financial sector is actually 'credit.'

In contemporary finance or at a basic level.

What are banks?

Actually, banks are just credit.

The logic here is very simple.

That is, what banks fear most is a run.

That is, if everyone demands to withdraw all their money from the bank at once.

Then, there's only one outcome.

The bank collapses!

Understand this, it's a commonality among banks worldwide.

Doesn't this prove the point?

So, banks can continue to operate, because of credit.

With credit, they can keep this whole thing going.

Can keep people from all withdrawing their money at once.

But.

As time reached 2006.

It got crazy!

People all over the United States suddenly discovered that they seemed to be able to borrow from banks easily.

This really is... so strange!

You should know, the American banking and financial system is really not bad.

They originally had principles.

Under their circumstances... where's the credit?

This is deeply ingrained.

To the extent that it's akin to what?

Like when Ah-San leaves India and heads to Canada, and still holds open-air parties on Canada's beaches!

Yes, it really is like this.

Their credit is that bad, just like Ah-San always partying outside.

A dog can't change its habit of eating dirt.

The education level is appallingly low.

In a community, about a third can only graduate from high school.

What about the rest?

Many end up directly in jail.

Others join gangs or get involved in contraband.

So, when these people could suddenly get loans easily.

Where would they buy houses?

That's right, the best choice.

Almost certainly in Chinese communities.

Of course, in the United States, these are generally called Asian communities, mainly mixed with Chinese, Japanese, and South Korean people.

But, after this...

The Asian communities got lots of new neighbors.

What would happen next?

Normally, house prices would fall!

Yes, you didn't read wrong, Americans actually understand this in their hearts.

But, 2006 was truly different!

House prices were rising fast!

Alright, Zhou Mo Sen saw all the changes clearly.

The subprime mortgage crisis was right in front of him!

2006 was the peak of the U.S. real estate before the subprime mortgage crisis.

In the original timeline, what Zhou Mo Sen saw was...

What the subprime mortgage crisis really means.

Yes, many only explained this "meaning."

But now, living in the United States.

This is what he saw happening.

How do we explain the subprime mortgage crisis back home?

Simply put, it's about issuing loans to people who originally didn't qualify for them.

And then these loans enter the subprime mortgage market.

This subprime mortgage market is quite complex, but you can simplify it as, housing gaining extra value, like a house originally worth a million rising to two million, but not wanting to sell it.

Fine, then the bank lends you another million.

Isn't this enjoying the price appreciation of the house?

But it's really dangerous.

And back to those people who weren't qualified to get loans...

Mmm, in the United States, which group is this?

That's right!

It's them!

Because they originally had bad credit, but could suddenly get loans.

Naturally, nobody would say these things because they don't dare, to say it would be racial discrimination.

But in reality, this is the truth.

However, Zhou Mo Sen is also fair.

Ultimately, it's the American banks that have no bottom line.

Actually, after the banks reached a certain stage of business expansion, they realized a huge problem.

Those who could take loans had almost all taken them before!

Yes, and many have already borrowed a lot.

So, to continue growing their business, what to do?

They could only allow some inherently credit-poor individuals to get loans.

And this situation led to the current phenomenon.

The U.S. economy, the world economy.

All is well!

That's right, it's like oil cooking with a roaring fire now!

Zhou Mo Sen can feel it deeply.

So, under such circumstances.

What should Zhou Mo Sen do?

Now, a great opportunity has presented itself.

President Xiao Qinteng gave him a great opportunity to invest in Mainland China!

Yes, let them reflect if they want to.

Can't find his brother, so be it.

Honestly, this approach, Zhou Mo Sen really nailed it.

If it was direct murder, it wouldn't be good.

Because that would prove that Qin Hong was actually in the United States!

Right, him being dead would make it worse.

The key is that he's not dead, just missing.

Because theoretically, there's no Chinese named Qin Hong in the United States.

Now, President Xiao Qinteng plans to develop the industry.

Well, I, Zhou Mo Sen, hold no grudges.

Let's take a look at the cinema industry in Mainland China.

That's right, right now, what's in President Xiao Qinteng's hands is Xingmei, and Xingmei's cinema chain is still something.

And I, Zhou Mo Sen, through this investment, open a path for potential return to the country.

Gotta leave a back road for myself, right?

Of course, Zhou Mo Sen's current identity is rather sensitive.

He can't return to the country easily.

After all, he's now a congressman.

But... in fact, the image of Yuanyuan often flashes in his mind.

Back then in France, she... her innocent face concealed a slightly cheeky body.