Chapter 482

Chapter 482

Grace looked at me and said.

“In the meantime, I did a lot of other things. How much has the history of this world changed because of you? Have you ever thought about how your name will remain in history?”

It seems to be genuinely admirable. Hearing that, he suddenly wondered. In the future, how will people remember me?

“It’s not too late. you can go higher You could have everything in the world if you wanted to.”

I remembered her offer she had made the other day.

“I would have refused.”

“People’s minds are bound to change. With time, everything changes.”

“Isn’t there something in the world that doesn’t change?”

At my words, she smiled.

“Yes. Gold never fades no matter how many years pass.”

Is money only forever?

The Rothschilds are a financial family that people around the world know. The honor and status he possessed is second to that of the royal family, and his wealth is not even comparable to that of him.

It is an old lie that humans are equal.

Destiny is different from birth depending on nationality, wealth, status, gender, race, etc.

Britain is a constitutional monarchy, and the kings and nobles still retain their positions. Judges wear white wigs to give their trial, and at Westminster Palace, the Senate, open only to the nobility, is held.

The upper class has upper class life. They enjoy their own culture, gather and party.

Some spend their whole lives trying to get into it. But the higher you go, the sharper the ranks become.

If I had accepted her offer, I would have gained the wealth and honor of the Rothschilds, and the strength to carry on with them forever.

What would the world look like from up there? When you get on top of that, what’s next?

But I have chosen to remain here. Because I already have everything I want.

“Autonomous electric vehicle, battery, TWR, game, Saemangeum, inter-Korean economic cooperation, etc. You have obtained many keys to the future. I really think it’s great. But the most dangerous moment is when you think everything is going well.”

“What is dangerous?”

“You know, don’t you?”

“I don’t know.”

At my words, she smiled bitterly. Then she put down the teacup, she said.

“The financial crisis will happen soon.”

It was like saying it would rain tomorrow.

“What do you mean?”

“Financial crisis means financial crisis. What else could you have?”

Her words were not much different from those of the collapsers on TV. But the weight of her words was completely different.

She still spoke in a calm voice.

“This crisis will be different than before. It must be something that mankind has never experienced before. If the previous years were the Great Depression and the Great Recession, this time it could be called the Great Collapse. Everything will fall apart. It would be better for OTK Company to prepare.”

It’s not funny enough to be a joke. I can’t believe it’s true. But what was happening now made it impossible to hear her.

If this was solid information, I wouldn’t easily tell anyone.

“Why are you telling me that?”

She smiled brightly.

“Even if you don’t tell me, you’ll figure it out anyway.”

At that moment, something flashed before her eyes.

When I woke up, I saw that she was smiling.

“I think I saw it too.”

It was as if he was saying he knew what I saw.

I asked her looking at her.

“How did you know that?”

Grace Rothschild smiled brightly.

“Because we will make it happen.”

After meeting Grace Rothschild, I had a question.

A lot has happened in the world over the past 250 years.

In the 18th century, the steam engine was invented, the Industrial Revolution began, and America gained independence from Britain. A revolution broke out in France, and Napoleon’s army swept across Europe.

The 19th and 20th centuries that followed were a series of turbulent changes in the world order. The colonial rule of the great powers, the expansion of trade, the two world wars, several economic crises, the Bretton Woods system, the Nixon shock, the birth of the EU, Brexit, etc.

There have been countless incidents and accidents.

Countless companies went bankrupt, countless banks went bankrupt, and countless royalty and nobles collapsed.

Meyer Amsel Rothschild could see the future like me, and with that power he made Rothschild a financial elite. But even after his death, the Rothschilds continued to grow for over 200 years. How was this possible?

I think I now know why.

“Have you created the future?”

She didn’t deny me.

“The easiest way to predict the future is to create it.”

What will happen will happen someday. What matters is when. Predictions without timing are meaningless.

But what if the timing could be artificially manipulated?

When the glass is full, add the last drop. Did you periodically create crises like that and make huge profits in the process?

It’s not uncommon for certain targets to attack in the hope that they will perish. No, it is rather common in the financial world.

There are countless hedge funds that have done similar things.

However, most of them target companies, and those larger than that target countries. George Soros, who attacked the British foreign exchange market, is a representative example, and Korea also collapsed like that.

But is Rothschild going to do it all over the world?

I felt something boiling inside me.

Guns aren’t the only way to kill people. Sheep are gentle animals, but as the saying goes in England they eat people, so is money.

Money destroys lives and drives people to death.

“Why are you doing that?”

“It’s something everyone needs. In the meantime, the world has enjoyed a very long boom. Someone has to pull the punch ball when the party is in full swing.”

This is a famous quote from former Fed Chairman William Martin.

“Are the Rothschilds going to do that?”

She nodded her head slightly.

“It’s about returning the abnormal to the normal. If you borrow money, isn’t it natural to pay it back?”

It is difficult to even estimate how much money has been released around the world due to low interest rates and quantitative easing since the financial crisis.

If you recover that money at once, it will be a huge shock.

“It’s not that bad. Take Korea as an example. If Korea had not succeeded in industrial restructuring after the financial crisis, would it have been able to grow as it is now?”

Until then, large Korean companies were doing easy business by importing key parts, materials, and machinery from Japan, processing them, and then reselling them. However, as the exchange rate rose more than three times and it became difficult to depend on imported products any longer, it was forced to localize it.

Companies risked their lives to develop technology, which gave Korea a chance to stand tall as a technological powerhouse. Strong industrial restructuring took place, marginal firms collapsed, and the surviving large firms grew larger. Thanks to the high exchange rate, exports greatly increased, and large corporations competed fiercely in the global market to further develop their technological prowess.

With the opening of the financial market, accounting in line with international standards has been established, and financial statements have become more transparent, resulting in an increase in foreign capital investment.

Although the polarization between large corporations and SMEs, and between regular and non-regular workers, has worsened, growth has continued and now it has risen to the ranks of advanced countries.

It is undeniable that the IMF caused great damage, but there were also many positive aspects.

“Korea has raised interest rates to 27 percent and implemented strong restructuring to prevent capital outflows. We privatized lax public corporations, cut staff by 20 percent, cut salaries and various welfare benefits, and opened up and advanced the financial market. If it were not for the IMF, would the Korean government have been able to carry out such reforms on its own?”

“… … .”

No one likes restructuring and austerity.

As you can see from the current situation in Greece, politicians have no choice but to be conscious of their votes. It is impossible for any government to carry out such a strong restructuring.

However, it was the IMF, not the Korean government, that was responsible for restructuring and austerity during the Asian financial crisis. This allowed presidents and politicians to hide behind the IMF and avoid arrows of condemnation.

The people, out of anger at foreign capital acting like an occupation force, took out the gold from their chests and paid off their national debt.

she went on to say

“If the dot-com bubble did not exist, would the Internet giants exist today? Would the current technology development be possible without the global financial crisis?”

Capitalism has gone through several major crises so far. However, like the paradox of wildfires, such a crisis became the foundation for the next growth.

If so, is the crisis that will arise in the future natural?

It is natural for the economy to find a balance point through a crisis. Even if someone realizes that this is a crisis and makes an investment, it is difficult to criticize it.

However… … .

“Didn’t you guys raise the bubble?”

If this was really necessary, we should have responded before the crisis escalated.

But now that the crisis has reached its climax, this can only be explained by the intention of this situation from the beginning.

Grace Rothschild did not deny me. She said with a confident expression.

“What is going to happen is bound to happen. No one can stop it. Even if it’s you.”

* * *

I met James and Henry at the Golden Gate headquarters on Wall Street.(Read more @ wuxiax.com)

Seeing people in suits moving around frantically, I realize that this is the center of global finance.

Henry also came here to check on the situation after the US interest rate hike. There is no better place to gather financial information than Wall Street.

Unlike what Gunn sees at home, in a perfect suit, he has his sharp eyes again.

James seems to be very old and tired without seeing him. Again, Warren Boat, corrected by age 90, is strange.

Hearing my story, James said, spinning the wand in his hand.

“Hmm, the Rothschilds must have been plotting something like that. It seems that he still hasn’t given up on his old habits.”

said Henry.

“There are a lot of people who want to create a crisis in the world.”

James put on his glasses and smiled bitterly.

“The real rich are born after a famine. It’s just a question of whether that’s possible.”

It is said that even if a farmer dies of starvation, he will embrace the seeds and die.

When famine comes, everyone suffers, but the degree of damage varies from person to person. Someone will be able to buy the paddy field at a bargain price and wait for the next bountiful year to come.

The middle class falls, and the rich get richer. This applies both between companies and between countries.

Financial capital goes in and swallows everything when companies and countries on the verge of bankruptcy collapse.

This is not as easy as it sounds.

Markets are like living things, and no matter how artificially manipulated, unpredictable situations can occur.

After the U.S. interest rate hike, the market was flooded with all kinds of bad news.

South American countries are falling like dominoes, and southern European countries are also in crisis. Greece, Italy, Spain, and Portugal are all looking at the EU.

However, there are few measures the EU can use. Since the interest rate is already at zero and quantitative easing has been implemented several times, it is difficult to release money any more.

The only remaining method is debt relief and financial support, but in the end, it is nothing but the money of the countries that have been working hard and saved so far to support the countries that have been in debt.

Will the Germans and French people stand still?

James shook his head.

“Just because those countries collapse, a tsunami called a financial crisis will not strike. It is true that it is a crisis, but it is not yet in a situation to discuss the collapse of the global economy.”

The bigger the capital, the harder it is to invest.

If the Rothschilds are to profit from this crisis, there must be a market sized to invest.

After all, their goal is… … .

said Henry.

“It will be China.”