Frankness

Carter has always believed that no two people in this world can fully empathize with each other.

As for Jimmy Carter, the good old guy who always smiles. Carter actually couldn't tell what he would think when he knew that he had provoked another "television debate" for him.

Looking at Jimmy Carter, whose expression suddenly became stiff across from him, Carter suddenly felt a little ashamed.

Encouraging a former president who was almost kicked out of the White House to go to a place where he failed before and experience the past failures again is a bit of a wound.

"Mr. Carter, I know. This may bring back some memories that you don't want to recall. But please forgive me for being selfish. I can't sacrifice myself for others like you."

"The trade conflict between the United States and Japan is one of the most efficient ways to alleviate the current high unemployment rate. After several years of efforts by Mr. Paul Volcker, inflation has been curbed, and it has been a matter of time. No matter what

What do the people outside think? I think every American businessman will remember your contribution."

Carter stood up and bowed quite solemnly.

He would rather give up his hope of re-election, even when he was so angry at Volcker's "backstab". Jimmy Carter still chose the path that was not good for himself at all, but was conducive to the recovery of the entire American economy.

the way.

From an American standpoint, Carter believes that even if Jimmy Carter fails again, at least in the last moments of his presidential career, he did his best as a president and demonstrated the responsibilities that an American president should have!

"In order to fight this inflation, you sacrificed your political life. The United States also sacrificed. From 1980 to 1983, there was three years of economic recession! Three years of depression made it difficult to do business and made the people miserable."

"I know you have always expected me to be a person like you who is willing to contribute to public undertakings. But I'm sorry, I don't have that high awareness now. I am willing to do my best to help promote this matter.

, because I know that if we can force Japan to bow its head and reduce the impact of Japanese companies on the U.S. market, this will definitely be a boost for the U.S. economic recovery!"

"The market share lost by Japanese companies is enough to support hundreds or even thousands of American companies. If it spreads, it can provide more than tens of thousands of jobs?! At this moment, for the sake of the United States, I must support Mr. Reagan's re-election in order to

Prevent the talks from happening halfway! But I can’t help but do things regardless of economic benefits.”

"What's more, TED does not represent only my interests. Although the scale of TED is still very small now, and it is only limited to a small school like Yale University, I believe that in the future it can cover

There will definitely be more and more colleges and universities! The money earned from the program will be given back to the colleges and universities. Various scientific research projects that were originally stagnant may have funds for this; some children who could not afford to go to school may also receive a sum of money.

"bursary"

"Okay, stop talking! I know all this, I'm not that narrow-minded!"

Facing Jimmy Carter's gaze, Carter looked at him unwillingly.

"In the past two years, regarding banks, I wonder if Mr. Carter still remembers the bills that lifted the ceiling on deposit interest rates and repealed Clause Q?"

Listening to Carter's description, Jimmy Carter's expression did not change. Making money was a very suitable reason! As for those explanations, Renzong believed at most half of them.

"Well, small unsecured credit loans! This is what I am interested in! There is space and demand. And there is not much competition!"

"Essentially, everything I do is no different from them. I have to find ways to make money in various fields to fill this hole, and at the same time, I have to find ways to extend loans as much as possible."

"Perhaps in the eyes of all of you, my various businesses have been in full swing and prosperous over the years. But I am under great pressure! Very great. Mr. Carter, I wonder if you have noticed the number of bankruptcies of small and medium-sized banks in these years.

More and more!"

"In the current environment, normal loans are almost useless. The interest rates on long-term loans have exceeded 20%. No one dares to lend such a loan, so I can only focus on some less normal loans!"

"To make money!"

"I have no intention of criticizing anything. In the long run, it is a good thing to gradually lift restrictions on the banking industry and give banks a greater role as a hub in economic activities! But for us practitioners, this is

This is a behavior that is completely beneficial to large banks. Small and medium-sized banks, under this wave, have almost no chance of survival if they stick to their own banks!"

Jimmy Carter patted the table, his expression was not good-looking

"I am in favor of the TED project. According to your ideas, the possibility of it being completed is not small. But as you said, in my impression, you are not someone who is willing to devote so much energy to public welfare.

. Just tell me directly, why are you doing TED?"

"Irregular loan?"

"If we don't raise the deposit interest rate, all depositors will run away, and we will die! If we raise the deposit interest rate, we will not be able to issue high-interest loans. In the end, we will not be able to withstand the interest accumulated on the deposit liabilities day after day, and we will die!"

"Tell me the answer and I will promise to participate in your show!"

"Last year there were only about 20 banks, but this year the number has reached 48. Next year, according to my estimation, at least 70 banks will declare bankruptcy."

"Only those large commercial banks, which have huge funds; they have more and more relaxed business investment environment, and use profits from elsewhere to fill the shortfall of banking business, can they withstand this blow."

"Normal banks look down on this kind of loan. In an environment where payday loans almost monopolize the microfinance market, it would be too costly and risky to attack this market."

"In order to reduce the risk of default, I have targeted college students. Compared with the average person, these people who are more educated tend to pay more attention to credit, and their solvency is also guaranteed! Their employment prospects will always be better than those without much knowledge.

People must be strong!”

Looking at Jimmy Carter, whose eyes suddenly widened, Carter quickly explained:

"Don't worry, what I want to do is not a payday-style microfinance loan. The annualized interest rate of my product is currently only around 30%. My purpose is not to make a lot of money from it, but just...

Live! As long as the interest collection can be offset by the interest payment, I will be satisfied."

"Just like your reaction when you hear that microfinance enters campus, when most people hear about microfinance, they will think of loan sharks like payday loan sharks. This is obviously detrimental to my product promotion. I plan to lead my classmates to

Let’s work together on the TED project and gain their trust in the process. Then based on the participants of these TED projects, we will gradually promote my microfinance products on campus.”
Chapter completed!