The three major international rating agencies have given AAA credit ratings, which means that the financial derivatives created by Seryosha will have a larger market from now on, and some stable investment institutions, such as pension management funds, enterprise annuity management funds and other investment institutions for the purpose of maintaining and increasing their value, are very likely to incorporate Seryosha's subprime mortgage products into their portfolios. Pen & Fun & Pavilion www.biquge.info

Just after the positive results from the rating agencies, the first batch of loan products packaged by Sanjin Club, which was the first to enter the Japanese market, was also publicly sold in the international market. Rothschild Bank, Royal Bank of Scotland, and Barclays Bank, which were far away in London, ate this financial derivative of about two billion dollars.

After all, it is the first time to face the market, so the quality of Mikhail's batch of loan products is still good, most of them are high-quality loans with income guarantees, only a small proportion of junk bonds as a foil, in the world is bullish on the Japanese economy and the Japanese real estate market, the rise in housing prices and land prices bring yields that greatly exceed inflation, bank interest, and even more than the interest level of some usury. For the average Japanese nowadays, investing in land and real estate, as well as the stock market, is much more affordable than working hard! Looking through the Japanese newspapers, there are many housewives who use usury to invest in the stock market and become rich, and farmers who sell their land, live in luxury houses, and drive luxury cars. Fueled by the media, the whole of Japanese society has fallen into an atmosphere of impetuousness, and Japan has a small land area and many mountainous areas, but it has a population of 100 million. Everyone will feel that as the population increases, the economy grows. Land and property will go up forever.

Seryosha has now realized a problem, that is, the Sanjin Society, which he secretly controls, cannot eat the huge subprime mortgage market in Japan. So he licensed his patents to the three most supportive British banks at a 5% patent fee, and jointly expanded the subprime loan market.

Seryosha has made public speeches at the Banking Association, so he has some influence on the British side. After three of the UK's larger established banks joined Seryosha's plan, some other banks began to contact Seryosha to discuss cooperation, and it can be said that Seryosha made a lot of money during this period of time just because of the patent fees.

Although subprime mortgage products are very marketable in the UK, there is still a need for a process of awareness outside the UK. Seryosha is not in a hurry to do this, in any case, he has already reached into the Japanese financial market, and the British are becoming the biggest buyers of the products launched by the Three Gold Society, and they will help Seryosha gradually introduce those subprime mortgage products to the American market.

Since Yakovlev was now in London, Seryosha could not always go about his business. The work that needs to be done must continue. After Seryosha successfully won the coal trade talks, the gas talks have been difficult to break through. The construction of the Soviet-European gas pipeline to France, which had been built up to the forefront, had been seriously obstructed by the Americans, and the project, which should have been completed a few years earlier, took two more years. In order to eliminate American interference, Seryosha desperately hoped that Britain would transfer some of the gas pipeline production technology to the Soviet Union. Previously, although the pipeline manufacturers for this project were Japanese, British, and French companies, the factories were located in the United States, and a series of American interference actions affected not only the Soviet Union, but also the interests of Britain and France, which were consumer countries.

Seryosha's suggestion moved Britain and France a little, but they were full of doubts. Seryosha did not have any bargaining chips in his hands, and he asked the comrades of the Soviet Ministry of Oil and Gas Industry to take out the budget for the previous phase of the project, including the Japanese quotation of pipelines, the cost of supporting equipment, and the cost of installation. Tell them that if the Soviet Union can localize these equipment, the budget for the entire project will be reduced by about 30 percent.

In addition, Seryosha also found some open geological exploration data from the Soviet Ministry of Oil and Gas Industry, and he clearly told the British that the Soviet Union's current Siberian gas pipeline has less than 1/10,000 of the potential for the development of natural gas in the Soviet Union, and that there are more abundant gas reservoirs in Central Asia waiting to be developed, and if there is enough capital and technology, the Soviet Union will be more than enough to supply the natural gas consumption of the whole of Europe in the future.

Seryosha now knew in his heart that the British cared more about the gas pipeline than the Soviets. Now that the British economy is at the bottom of the old industrial powers, the British economy needs cheap energy to support it, and the Soviet Union is now the only option for the British. In fact, this is not only the United Kingdom, but also France, Italy and Spain. Even West Germany, which is currently in the best economic situation, is trying to curry favor with the Soviet Union for the sake of natural gas. The United States demanded that these countries resist the Soviet Union, regardless of the various economic difficulties faced by these countries, so this joint sanction is full of loopholes.

Seryosha is somewhat capable in Britain at the moment, not only does Ian McGrady, the director of the National Coal Board, owe him a big favor, but he also knows the head of Barclays, the main correspondent bank of British Steel. Seryosha privately communicated with Ian McGrady and Mr. Atkins of Barclays that if British Steel could persuade Congress to agree to transfer the production technology of the gas pipeline to the Soviet Union, then Seryosha would hand over the share of the pipeline that had been given to the Japanese to the British, after all, Ian McGrady had been in charge of British Steel for two years before becoming the director of the British National Coal Board, and he had feelings for this company. His only regret about leaving British Steel was that he didn't make the company really profitable, so Seryosha's conditions were attractive to him.

Seryosha was fortunate that the current economic situation in Britain, the unemployment of the workers, and the social unrest caused by the strike put Seryosha in a favorable position. The Soviet-European gas pipeline project will not only benefit the Soviet Union's foreign trade, but will also provide tens of thousands of jobs for Britain, which is a win-win situation.

Seryosha finally got the result he wanted, the Ural Heavy Machinery Plant received part of the steam turbine technology transferred by Alstom, and the Krivoy Roglenin Iron and Steel Plant in Ukraine received the pipeline production technology of British Steel. Negotiations on a gas deal have been completed.