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BANKER LETTER
Volume 8: Issue 12
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Date: October 9, 2020
This letter is intended only for commercial real estate loan officers working for banks, credit unions, conduits, and hard money lenders. Today we’ll discuss China’s economic distress and the possibility of war with China. We also have lots of cute, clean jokes, some funny pics, and a wonderful dog video. Sooo cute!
Hey guys, if we make you chuckle today, won't you please-please-please refer a turndown this week to CommercialMortgage.com? Seriously, guys, this searchable portal is free, and it contains thousands of commercial lenders. You really are doing them a favor.
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Joke Du Jour
An attorney was feeling deathly ill and went to the doctor. The doctor examined him and backed away, saying, "I'm sorry to tell you this, but you have an advanced case of highly-infectious rabies. You must have had it for some time. It will almost certainly be fatal."
"Could you give me a pen and paper?" asked the attorney. "Do you want to write your will?” asked the doctor. “No,” replied the attorney, "I want to make a list of all the people I’m going to bite.”
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Free Commercial Loan Software
C-Loans has just developed some brand new commercial loan software that is super-easy to use, even for a complete newbie to commercial real estate finance. You just fill in the blanks. You can then take your professional-looking commercial loan package and submit it to any lender in the country. This new commercial loan software is also 100% free.
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Stork Joke
A boy was assigned a paper on childbirth and asked his parents, "How was I born?” "Well, Honey..." said the boy's mom, "the stork brought you to us.” "Oh," said the boy. "Well, how did you and daddy get born?" he asked. "Oh, the stork brought us too," chimed in the dad. "Well how were grandpa and grandma born?" he persisted. "Well darling, the stork brought them too!" said the mom.
Several days later, the boy handed in his paper to the teacher, who read with confusion the opening sentence: "This report has been very difficult to write because there hasn't been a natural childbirth in my family for three generations."
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- Today's Observation -
If China's Economy Starts to Stall,
President Xi Might Start a War
I think China has gotten massively battered in the past two years. The economic statistics coming out of China look just fine, but I don’t trust them. Just think about all of the economic body blows that China has recently absorbed.
It started with President Trump making it outright unpatriotic to move any more U.S. manufacturing plants to China. Maybe even a few manufacturing plants jobs have come home.
Then the U.S. slapped sanctions on many Chinese imports. Suddenly a few U.S. industries, like steel, could start to compete with China.
Trump’s hammering of China has resonated in Europe and throughout the Pacific Rim. You might hate Trump’s sharp New York tongue, but he has been very influential in shaping a worldwide distrust of China. International factories that otherwise might have been constructed in China are now going to Vietnam and India. On the margin, China has surely lost a few sales, if a reasonably priced competing product was available.
And then came the Coronavirus Crisis. Was the virus really created in a Chinese lab? Who knows? But President Trump has achieved some success convincing both Democrats and Republicans that China was to blame. This could NOT have been good for business in China.
On top of that, tens of thousands of Chinese small businesses must have failed during the Coronavirus Crisis. Eighty percent of all urban Chinese workers work for private businesses. Millions must have lost their jobs.
I am starting to see signs that China is running out of U.S. dollars, the currency the world uses to buy raw materials and to trade. They had something like $3 trillion in currency reserves several years ago. I think they are down to just $1 trillion. Be careful here. I could be totally wrong on these numbers; but I doubt seriously whether the Chinese have been able to add to their currency reserves in the past two years.
Why should you care? I exchanged emails with a Hong King citizen a month ago, and he pointed out that in a war, the U.S. could kill one billion Chinese citizens, and they would still have more people than we have.
President Xi of China has made himself president for life, so just one guy controls all $1.35 billion of them. The Chinese are graduating five times more engineering students than we are. In a war of attrition, we lose.
But why should you care? If the economy in China starts to suffer, and the people start to get restless, President Xi will start to lose political support. There is nothing like a war to rally the people around the flag.
I therefore predict that China will invade Taiwan within two and a half years.
The U.S. will have no choice but to enter into a full-fledged conventional war with China. If we lose that first row of islands - Taiwan, Guam, Senkaku, Diaoyu, and Okinawa - then the Solomons, Midway, Hawaii, and possibly even California would be next.
Imagine Chinese missile ships raining conventional but highly-accurate missiles down on California. Our military policy is to fight World War III out there, not on our own soil.
Fanciful? China now has more modern warships than the U.S. Navy. As I often tell my sons, “History doesn’t always happen to the other guy.”
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Free Commercial Loan Leads
C-Loans.com, is our original portal. C-Loans.com has been phenomenally successful, boasting over 1,000 commercial loan closings totaling over $1 billion. We will list banks on C-Loans.com for free, and they will receive free leads by email, as well as calls and emails directly from borrowers.
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Union President Joke
A Union President was sitting at his son's bedside getting ready to read him a bedtime story. He starts out, "Once upon a time and a half…"
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How C-Loans Actually Works
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Bank Account Story
Mother decided that 9-year-old Cathy should get something “practical" for her birthday. "Suppose we open a savings account for you?" mother suggested. Cathy was delighted. "It's your account, darling," mother said as they arrived at the bank, "so you fill out the application.” Cathy was doing fine until she came to the space for "Name of your former bank." After a slight hesitation, she put down “Piggy.”
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Buffalo Joke
Q: What did the buffalo say when his son left for college?
A: Bison!
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Won't You Please-Please-Please Refer Us Your Commercial Mortgage Turndowns?
If you have to turn down a commercial loan this week, you would really be helping your customer if you referred him to CommercialMortgage.com. The domain name is easy to remember.
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Vasectomy Joke
One day, after a man had his annual physical, the doctor came out and said, "You had a great checkup. Is there anything that you'd like to talk about or ask me?” "Well," he said, "I was thinking about getting a vasectomy.” "That's a pretty big decision. Have you talked it over with your family?” "Yeah, and they're in favor 12 to 1.”
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Texting Joke
Me (texting): "Are we still on for today?"
Reply Received: "You don’t have to text me this every morning! As your boss, trust me when I say, WE ARE ‘ON' FOR WORK EVERY DAY, MON - FRI!”
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Congress Joke
Working on Capitol Hill, my husband was under constant pressure. After one late-night session, he came home exhausted and went straight to bed. When I turned out the light, he sat up in a panic. "Is everything okay in the house?" he asked. "Yes, honey," I answered. "I locked the doors and turned down the heat.” "That's good," he said, lying back down, his eyelids heavy. "What about the Senate?”
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Vacation Joke
My friend Jim told me that when he asked his wife where she wanted to go on vacation, she said that being married to him was a vacation. When I commented that was a nice thing to say to him, Jim replied, "Well, actually, what she said was I was the 'last resort.'"
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Election Fraud Joke
"An 11-year-old boy in Florida was able to hack into a state elections website and change results in under 10 minutes; so get ready to meet Florida's next governor, Fortnite McDeadpool.” — Jimmy Fallon
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Video - Hilarious Dog Compilation
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FREE Commercial Loan Brokerage Training
From an Industry Veteran and Attorney
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Final Funny
The devil told the pope, "No one in the world has a better memory than I do.” The Pope responded, “Really? Well I know this Native American guy who has the best memory in the world, and I'll even prove it.” Then the devil replied, "OK, I'll take your offer and if I have a better memory I get your soul.” "It's a deal" replied the Pope. Then they shook hands to make the deal official.
They went to a remote village in North America. There they met Roaming Bull, the Native American the Pope was talking about. The devil asked him, "Do you like eggs?” The Native American replied, "Yes."
Fifty years passed. Everyone is still alive and have forgotten about the deal; however, the devil still remembered the deal. He went back to the village and greeted the Native American, saying, "How.” Roaming Bull replied, "Scrambled."
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www.C-Loans.com
4811 Chippendale Drive
Suite 101
Sacramento, CA 95841
P: (574) 210-6686
F: (916) 338-2328
CA DRE #1330173
NMLS #167100
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Tom Blackburne
General Manager
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