The United States is a federal republican constitutional state composed of multiple races, colors, and regions.

Freedom and equality.

It is the foundation of the United States of America.

But it turns out that freedom and equality are a joke.

In the centuries-old history of the United States, racial discrimination and oppression have never been broken.

In 1882, the U.S. Congress accepted Republican Senator John ?? Miller filed the Chinese Exclusion Act.

This is one of the most severe restrictions on immigration in U.S. history.

The Chinese Exclusion Act banned Chinese laborers employed as miners from entering the United States for 10 years or face imprisonment or deportation. Many Chinese were brutally beaten and killed simply because of their race.

When Chinese people are denied equal employment opportunities, land, business, and education, and other rights, Chinese activities in the United States can only be confined to the Chinese community.

That is, "Chinatown".

They can only survive by running laundries, restaurants, grocery stores, and other low-level humble and difficult service industries.

Even after the Chinese Exclusion Act was repealed in 1943, the status of Chinese in the United States remained very low.

In California, the prohibition of intermarriage between Chinese and whites was not repealed until 1948.

In other states, similar regulations are still in place.

It wasn't until 1967 that the U.S. Supreme Court unanimously ruled that the bill prohibiting interracial marriage was unconstitutional.

Zhao Jiangchuan has been abroad for so long, so he naturally knows what kind of attitude the upper class of American society has towards the Chinese.

If are slaves, the Chinese can only be counted as second-class humans.

In a celebrity gathering place like Wall Street, if you don't have enough pomp, in addition to being discriminated against and disgusted, you may be arrested by the federal police for a random reason.

The police never need a real reason to arrest people.

In order to avoid unnecessary contradictions and troubles, Zhao Jiangchuan and his party dressed very much in line with the upper-class trend.

Zhao Jiangchuan was wearing a handmade custom Anima suit worth more than 100,000 yuan.

The well-tailored dark blue suit, spotless Egyptian cotton white shirt and burgundy striped tie made him look handsome.

Ouyang Lan was wearing a pure white lace dress.

The cinched upper circumference shows her delicate and concave figure to the fullest, and the luxurious diamond necklace around her neck makes her look graceful and noble.

Li Jingming and Zhang Weitao, who were behind him, were also wearing decent suits.

But the distance between the two and Zhao Jiangchuan is firmly maintained, which makes people know at a glance that they are bodyguards.

People rely on clothing, and Buddha relies on gold.

Under wealth, racial distinctions are always unconsciously diluted.

With the arrival of the group, it immediately attracted the attention of Andy Smith, the bank's duty manager.

To be a hall manager at Wells Fargo, in addition to the necessary high-quality service, you also need to have a good eye.

The outfit is worth tens of thousands of dollars, and the necklace around the female companion's neck is worth hundreds of thousands of dollars.

This is a big customer.

According to the clothing and temperament of Zhao Jiangchuan and his party, Smith immediately divided the customer level in his heart.

After Zhao Jiangchuan entered the hall, he immediately walked over quickly.

"Hello sir, I'm Andy Smith, the hall manager, can I help you if you need anything?"

Smith's posture was very low, and he bent over Zhao Jiangchuan with one hand on his chest.

Regarding Smith's attitude, Zhao Jiangchuan naturally did not feel flattered, and he replied very casually.

"Hello, Mr. Smith, I need to buy Treasury bonds, I don't know if you can help me. ”

Treasury bonds in the United States are, of course, US Treasury bonds.

It refers to the national bonds issued by the U.S. Treasury on behalf of the federal government, and in layman's terms, it is the bonds issued by the U.S. government on national credit.

Since the issuer of treasury bonds is the state, it has the highest creditworthiness and is recognized as the safest investment vehicle.

According to different issuance methods, U.S. Treasury bonds can be divided into three types: certificate treasury bonds, physical coupon treasury bonds, and book-entry treasury bonds.

Due to its high security, it is considered to be the most stable and reliable bond.

Therefore, treasury bonds are also known as "gilt securities".

According to the repayment period, government bonds can be classified into term government bonds and indefinite government bonds.

Term treasury bonds: refers to treasury bonds issued by the state with strict deadlines for repayment of principal and interest.

Term treasury bonds can be divided into short-term treasury bonds, medium-term treasury bonds and long-term treasury bonds according to the length of the debt repayment period.

This is short-term to long-term, generally between one year and thirty years.

When it comes to investing, risk and return tend to be relative.

Since Treasury bonds are known as the most reliable investment tool, it means that their returns are not too high.

Under normal circumstances, the interest rate on the 30-year Treasury note is basically around 3.1%, and the yield on the 10-year Treasury note is currently around 3%.

What Zhao Jiangchuan wants to buy this time is a bearer type of 10-year treasury bonds.

With the proceeds of treasury bonds, Zhao Jiangchuan certainly can't look down on it.

However, the U.S. Treasury has a special feature, it is very liquid, and governments will buy it.

Internationally, it is worth as much as the US dollar.

In addition, government bonds have a stable income, so if you are in urgent need of cash, you can almost use government bonds as collateral to the equivalent of the local currency.

Because Treasury bonds are bonds issued by the U.S. government, as long as the U.S. government exists, it must be redeemed at maturity according to the promised yield with interest.

Against this background, US Treasuries are almost equal to the value of the US dollar.

This is the only reason why Zhao Jiangchuan bought US Treasury bonds.

As long as you hold a large amount of U.S. Treasury bonds, you can pledge them into the local currency of other countries at will.

In addition to preventing exchange rate risks, there will also be a certain amount of income, and it can be sold in the market at any time.

Zhao's answer was not surprising to Andy Smith.

The annual issuance of US Treasury bonds is about $500 to $600 billion.

Basically, the U.S. has a Treasury bond issued every week.

The largest buyers of these Treasury bonds are U.S. institutional investors, U.S. banks, and U.S. retail investors, which account for about 60% of U.S. bond issuance.

Otherwise, they are sold to governments or investors around the world.

Because in addition to stable income, treasury bonds are also a good tax shelter tool.

In order to encourage investors to subscribe to Treasury bonds, the U.S. government stipulates that interest income from the purchase of Treasury bonds can be reduced or exempted from income income tax.

This is undoubtedly a great attraction in terms of the fact that the proceeds of marketable securities must be included in the total income of the investor and subject to income tax payment.

As a domestic bank in the United States, Wells Fargo is naturally one of the underwriting banks for Treasury bonds.

In addition, American residents are very investment-conscious, and almost every day, customers will come to the bank to buy Treasury bonds.

As a relationship manager at a bank, Smith is very conscientious.

After determining Zhao Jiangchuan's rating in his heart, his service was very good.

It's not groveling, but it's definitely the best service.

This is the tenet of the U.S. banking industry, and the customer is God.

After some conversation, Smith asked again after learning about the types of treasury bonds that Zhao Jiangchuan wanted to buy.

"Sir, may I ask how much Treasury bonds you would like to buy. ”

This time, Zhao Jiangchuan did not answer.

He silently held out a finger.

One finger.

Smith probed.

"A million?"

Zhao Jiangchuan shook his head.

"Ten million?"

"No, billion....dollars. ”

。 m.