Chapter 284
Chapter 284
Hurricane Red Kay rapidly weakened and disappeared as it moved north through the North Sea.
Fortunately, there were no casualties except for a few people injured, but it left a huge amount of property damage. Damage to drilling facilities in the North Sea was also a problem, but oil spills were a bigger problem.
Even today, oil continued to leak through the damaged pipe. Those who saw the oil slick filling the ocean recalled the 2010 rig Deepwater Horizon explosion.
As a result, a whopping 770 million liters of crude oil spilled into the Gulf of Mexico, and it took several months to recover and prevent disasters.
It is not comparable to that time, but it was the worst oil spill accident in Europe.
Royal Dutch Shell officials, who operate the drilling facilities, blamed the government for its inability to forecast the weather properly, and the government blamed the poor management of the company.
Until the hurricane hit Europe, investment experts and funds were predicting a fall in oil prices. But when oil prices soared in the aftermath of the North Sea oil field damage, everyone was stunned.
In this situation, when it became known that OTK Company had already signed a lot of contracts for spot and futures, people were shocked.
– Did you know that the North Sea oil field would be destroyed?
– Could it have been that you were grasping the hurricane’s path?
– Does that make sense? Even meteorologists called me didn’t know.
– Could it be that you developed an artificial intelligence that predicts the weather?
-If you had known, shouldn’t you have warned me in advance like in Big One?
-I bet on US sanctions against Iran and OPEC production cuts, but I guess I got caught.
– I’m tired of luckㅜㅜ It seems like you’ve been blessed with luck.
– Please tell me the lottery winning number!
Most thought it was a coincidence, but some took it seriously.
They carefully reviewed the investment cases of OTK Company not only this time, but also in the past.
* * *
As fishes were killed and fishing was halted due to the oil spill, environmental groups across Europe staged protests.
To protect the sea, all North Sea oil fields should be closed immediately and the EU should ban submarine oil mining.
Who would say no to protecting the environment? I agree with the purpose, but the problem is that there is no alternative.
Environmental groups insist on switching to eco-friendly energy such as solar power or wind power, but there is a limit to the amount of electricity that can be produced through it.
Strictly speaking, it’s not completely eco-friendly either.
Taek-gyu crossed his arms and said.
“Huh, human civilization won’t work without oil anyway.”
That’s right. With this in mind, oil, along with gold, must have become the king of the real world.
Sangyeop senior watched the situation instead of liquidating his position. She looked at multiple monitors and talked non-stop here and there.
“Now, international speculative capital is moving. The price of oil is going to be much higher than it is now.”
Just as water flows from high to low, money flows from low to high. As concerns grew that supply and demand would not improve for a while, speculative capital began to buy crude oil, and WTI also crossed the psychological margin of $100 per barrel.
The rise in oil prices has pushed up prices again. Not only the shopping cart prices, but also gasoline prices at gas stations soared.
The real thing moves finance, and finance moves the real thing.
Oil producing countries, including OPEC members, cheered the unexpected good news. A Saudi Arabian royal family apologized for strong protests from Britain and Norway after saying that the damage to the North Sea oil field was in Allah’s favor.
Just like the saying goes that there is no good or evil in money, in front of money, the misfortunes of others are often considered ridiculous.
I also have nothing to say. I am the person who benefited the most from this incident.
This is because the path and speed of the hurricane were completely different from the government’s expectations.
Had I known just a few days earlier, I would have had enough time to prepare.
Could it have been prevented if I had been alerted? But I knew the drilling facility would be damaged, but I didn’t know the oil would leak.
I sighed as I looked at the belt of oil that covered the North Sea.
“I’ll pay some money for the restoration.”
* * *
When I opened my eyes, Ellie was sleeping next to me, covered with a blanket. It looks like he fell asleep deeply because of accumulated fatigue for several days.
I looked at the clock and it was 2 am. It was still dark outside.
I got out of the bedroom and went down to the first floor. Then he took out a can of beer and went out into the garden. A soft light shone on the uninhabited garden.
The heat continued through the night. A tropical night seemed to cover the entire city. Sweat dripped down his forehead even after he left for a while.
I sat alone at the table and drank beer. The surroundings were quiet. For a moment, the only sound was the sound of a car passing by in the distance.
At that moment, a voice came from behind.
“What are you doing alone?”
“I can’t sleep, so I’m drinking beer.”
When I turned my head, Taek-gyu was out.
“Let’s drink together.”
Taek-gyu went back, grabbed a beer, and sat down next to him. In the past, I used to sit on a convenience store umbrella and drink beer, but now I can’t even do that because my face is sold.
I recalled that time and said.
“When I first invested, I didn’t know that I would come this far.”
In a capitalist society, money is power. The more money you have, the stronger your power will naturally grow. Eventually, the size of your assets has grown to the level of a large corporation, and you have gained global fame (notoriety?).
Taehyung nodded his head.
“I was making too much money.”
There is also a forecast that the value of Karos will reach $1 trillion when the era of full-fledged self-driving cars begins. As such, the market size and corporate value are rapidly growing.
Besides that, the porn business and the pizza business are doing well.
There are plenty of places in the world that have more capital than we do.
Pension funds, sovereign wealth funds, private equity funds, investment banks, financial companies, etc., with more than hundreds of trillions of funds under management. Even so, it has now reached a level that cannot be ignored.
The global financial market is like a vast ocean.
Having a lot of money is just having a big, nice boat. A person who brags about riding a bigger boat on a river is just one of many when it comes to sea.
Taek-gyu heard me and said.
“Still, a carrier is better than a raft.”
“It is not.”
The bigger the boat, the less likely it will sink. However, large ships are difficult to handle.
Like the Titanic, it can sink because it finds the iceberg in front of it and fails to avoid it, or it can sink after being hit by a torpedo shot from a coastal artillery or other ship.
Who would have imagined that the historic big investment banks like Bearings and Lehman Brothers would go bankrupt?
Just as the sea has swallowed many ships, so too has the market swallowed many companies and money.
No matter which company rises or goes bankrupt, and whoever loses or makes money, the market will continue to exist like the sea.
I said looking at Taehyung.
“What are we going to do later?”
“Well. What island are you fishing on?”
“Do you know how to fish?”
“then. I did it in the game.”
“… … .”
If you think about it, not much has changed when you have a lot of money or when you have little money. If there is a difference, did you go from an otaku without money to an otaku with money?
I remembered something I heard from Warrenbott a long time ago. I said you should think about why you make money.
Do you really need a reason to make money?
* * *
We gathered at Hyunjoo’s sister’s house to have dinner together.
I told her mother too, but she said she couldn’t come because she had a golf appointment. These days, she says she is learning golf from President Lim Su-mi, and she seems to have had some fun.
The house that Taek-gyu gave as a gift was not as flashy as the penthouse in Manhattan, but it was clean and cozy. There is a garden, so it would be nice for the kids to run around later.
Henry is blunt about what’s so good. When I first saw him, he looked like a nobleman or a financial elite, but now he just looks like an eight-year-old.
Was he this way in the first place, or did he become like this because he got along with us?
Anyway, it looks a lot better now. It’s best for people to be happy.
“Come on.”
Hyunjoo noona was very full. The baby in the womb is growing up healthy and well, but in case of any unforeseen circumstances, medical personnel are resident at home and at work.
Hyunjoo noona said she would lie down for a while, and I asked Henry while she entered the room.
“I have a question for you.”
“What?”
I asked Henry.
“Do you know about the Rothschilds?”
He nodded his head as if it was natural.
“of course. Does anyone know that?”
“Not about what everyone knows, but about reality.”
Henry put on a puzzled expression.
“Why are you asking that all of a sudden?”
“I was curious about Jewish capital.”
Golden Gate was founded by German Jew Erich Goldman. Initially, it started as a family run by a Jewish family.
“As you can see, we inherited the family business according to our abilities, whether it was direct or collateral. I was not married to a Jew, and now I have nothing to do with Jewish capital.”
In fact, even the executives alone are a mixture of different races, and each branch is guaranteed independent management to some extent.
But of course the Rothschilds are driven by the Jews.
I told you what happened in New York.
“I met a woman named Grace Rothschild at JP Morgan headquarters.”
“Accidentally?”
“Perhaps it will.”
It was completely unplanned that I went there.
“Rothschild and JP Morgan have a close relationship. There will also be quite a few shares held through the foundation or borrowed name.”
This, too, is already known.
“I heard that the Rothschild family is worth 50 trillion dollars.”
Henry burst out laughing as if it was ridiculous.
“That’s more than the annual GDP of the United States. You don’t believe that, do you?”
Taek-gyu, who heard the story, looked shocked.
“Wow! They’re the masterminds of all conspiracy theories, and they’re worth less than 50 trillion dollars.”(Read more @ wuxiax.com)
“… … .”
yah, did you believe that?
“As the world is paying attention to OTK companies, it is natural that they will also be interested.”
“Because of the money I have?”
Henry nodded his head.
“Money is money, but there is also the fact that you are young.”
Capital combined with time has enormous power as long as it can continue to earn returns above the market rate.
“Even if your assets grow by 10 percent each year, they will double in about seven years. Four times in 14 years, eight times in 21 years. If the rate of return is higher than that, the period will be even shorter.”
“That’s when you didn’t lose a single loss in the middle.”
If you pursue only the market average return, you do not need to take a big risk, but if you pursue more than the market average return, risk is inevitable.
10% a year is a return that anyone with even a little bit of investment can earn. But how many people can make such a profit every year without failure?
And the bigger the capital, the lower the rate of return. Making 1 million won into 10 million won and making 10 billion won into 100 billion won is a completely different story.
“Isn’t such a person real?”
“Warren Boat?”
The grandfather made an astonishing 20 percent annual return for decades. And Berkshire Cashier, a small textile company, has grown into a giant with a market capitalization of over $600 billion.
“The important thing is that people think so, whether Jinhoo can actually do that or not.”
Anyway, given the foresight, it won’t be impossible. If I’m worth $150 billion now, will I have more than $1 trillion in 20 years?
It is said that the Saud royal family or the Abu Dhabi royal family have more wealth than that, but that is a family and I am an individual.
“No one in history has made that much money in such a short period of time as Jinhoo. That’s something that even John Davidson Rockefeller and Andrew Carnegie couldn’t do.”
John Davidson Rockefeller is the oil king of Standard Oil, and Andrew Carnegie is the steel king of Carnegie Steel.
Both of them had assets of hundreds of billions of dollars (in today’s money) in their heyday, and the companies they created remain as ExxonMobil and US Steel, playing a pivotal role in the US economy.
The more money is collected, the more power it has in itself.
Considering that they are a prestigious family, the assets of that family are the foundation. How many families can survive only with honor?
“How much is your fortune?”
“I do not know. It won’t come close to $50 trillion, but it’s still going to be one or two trillion dollars. Maybe more.”
For the Rothschilds, the family handles money management and internal affairs exclusively with family and relatives. For this reason, the exact assets and management methods were hardly known to the outside world.
“It seems that what you see is not everything.”
As the saying goes, people’s perception does not go beyond the scope of their knowledge.
Perhaps the financial market I have encountered so far is only a small part of the whole?
