Chapter 486

Chapter 486

After thinking for a while, I smiled.

“Now I think I know.”

Taek-gyu looked at me and asked.

“What?”

“Why Grace Rothschild told me there was going to be a financial crisis.”

“What is the reason?”

OTK Company started with financial capital, but now has a form of business capital. Assets have multiplied thousands or tens of thousands of times, but as they have grown in size, their movements have slowed down.

“If it stays like this, OTK Company will suffer a huge loss. If you want to cut any losses, you have to bet on a crisis, what do you think will happen?”

“that’s… … .”

Taek-gyu put on a bewildered expression on his face.

Bad news is already weighing on the market. In such a situation, even if I make a small move, the market will react greatly.

Even if you move with the utmost care, the Rothschilds will notice right away, and the word will soon spread around the world.

“Come on, wait a minute. After all, according to foreknowledge, a financial crisis is something that happens.”

The foreknowledge I saw was precisely the beginning of the global financial crisis.

I nodded.

“The financial crisis has already begun. I just don’t know where it will end.”

what will happen happens

No investor will stand still, knowing that he or she will lose, even when he has a chance to make a profit.

“If it becomes known that OTK Company invested in anticipation of a market crash, a huge shock will occur.”

“Then will you be helping the Rothschilds?”

“answer.”

If I join, it will be easier to cause a financial crisis, and the scale of the crisis can be further increased.

“lets think. If you decide to do it anyway, you’d better work with Rothschild, as that will maximize your return on investment.”

Perhaps Grace is waiting for me to reach out.

In the meantime, I have used the crisis to gain financial gains, or tangible and intangible gains such as fame or fame. Brexit, Hosung Savings Bank bankruptcy, Ronald election, Big One, PAS airbag defect, North Sea oil facility damage, Nishida Securities order mistake, etc.

But not all of this was created by me. Even if they took advantage of the crisis, at least they did not have any involvement in the occurrence of the crisis.

But this case is completely different.

The moment I move, a crisis arises. I am the culprit behind the financial crisis… … In other words, it becomes a trigger.

Whether that’s true or not, the world will believe so. And the Rothschilds, as they have done for a long time, will seek their interests in the shadows.

If you stay still, you can’t avoid losses, and if you move, you help the Rothschilds. There’s no way to stop it though.

Whichever one you choose, you are playing according to the will of the Rothschilds.

I remembered Grace’s eyes looking at me.

“It was designed to be like this from the beginning.”

* * *

The crisis that started in finance was slowly but surely destroying the world.

After a brief lull, the Chinese stock market began to plunge again. The Shanghai Composite Index collapsed at the 3000 level, which was considered a psychological barrier.

China has tried to prevent the crisis by introducing various stimulus packages.

It provided emergency funds and regulated companies’ dollar holdings and remittances in order to increase their foreign exchange reserves. Companies that were delaying currency exchange because they thought the dollar would continue to strengthen had no choice but to exchange dollars for yuan due to government pressure.

The financial authorities even conducted a search and seizure on the securities company to investigate the short selling. Businessmen and financiers known to have participated in the short selling were summoned one after another and subjected to intense investigation.

Nevertheless, the short selling balance continued to increase, and even state-owned enterprises went bankrupt or applied for rollovers because they were unable to repay their maturing bonds.

Like the stock market crash, the real estate market was also a problem.

In the meantime, the Chinese real estate market has been a floating business. After setting up a company, he could make money by borrowing money and building and selling houses and buildings.

As a result, more than 100,000 developers were scrambled, and the financial world lent them huge amounts of money.

However, problems such as economic downturn, aging population, oversupply, and interest rate hikes all erupted at once, and as many as 857 companies went bankrupt in January alone.

In the midst of this, even Ntong Construction, one of the top five construction companies in China, filed for bankruptcy and poured cold water on the market. Banks that made loans and guaranteed PF loans for various development projects carried out by Euntung Construction were struck by lightning.

The Chinese government has partially turned a blind eye to the insolvency of companies for employment. However, when the lid was opened, the insolvency was much more serious than expected.

If it had been before, the government would have stepped in to block it, but now it is difficult to do anything because it is urgent to prevent bank insolvency.

800 billion yuan of bonds maturing in the real estate industry in the first half alone… … It is said to be worth more than 100 billion dollars, and the market is in chaos.

The Shanghai Composite Index plunged 8.23 ​​percent, the biggest drop, as news of the stimulus package fell short of market expectations and the bankruptcy of real estate companies.

The U.S.-China trade dispute, which had been settled after the Zhou Cha incident, resurfaced again.

It was the United States that drew the sword first.

As the dollar continued to strengthen due to the base rate hike, US companies’ export routes were blocked, and as a way to solve the problem, they aimed directly at China.

“China must stop subsidizing its businesses and remove non-tariff barriers. Until the measures are implemented, the US will impose tariffs of up to 50 percent on more than 6,000 Chinese goods.”

In addition, it enumerates all the cases suspected of stealing technology and mentions restrictions on transactions with Chinese IT companies and designation as a currency manipulator.

China also strongly opposed it, as it is a situation that cannot back down.

“If the US imposes tariffs on Chinese products, China will have no choice but to impose retaliatory tariffs.”

The media all reported on the possibility of a collapse of the Chinese economy.

[Chinese economy, the myth is over!][Shanghai Composite Index fell more than 40% from its peak!][Crisis from China! What to do?][The US-China trade dispute re-ignites!][George Soros, ‘There is a big bubble in China’s stock market and real estate market’][Hedge fund investors unanimously overvalue the yuan]

– This will really ruin China.

-Why are Korean stocks falling? ㅜㅜ

-2500 is broken. Isn’t it going down to 2000 again?

– The KOSPI falls below 1000 as it did during the financial crisis. Until then, it’s best not to think about buying it.

– After the earthquake, I trusted and invested, but it looks sloppy.

– No, Jin-hoo Kang didn’t tell me to buy stocks, so why are you swearing?

– What is the government doing? Don’t buy stocks with National Pension

-It’s the start of the crash, what’s the song already?

* * *

While China’s economy was deteriorating, another bad news broke out in Europe as if it were a competition. This is the bankruptcy of Deutsche Bank in Germany.

Deutsche Bank is Germany’s largest bank with a history of about 150 years.

This is not the first time that Deutsche Bank’s bankruptcy rumors have surfaced. It has been suffering from difficulties for a long time due to high cost structure, continuous deficit, lax management, reduced loan-to-deposit margin due to zero interest rate, US fines, and failure to invest in derivatives.

But this time the situation was really serious.

There were two main reasons.

First, Deutsche Bank holds a huge amount of Greek government bonds. Perhaps it was because it was determined that the EU could not default on its debts. However, Greece eventually went bankrupt and accepted the austerity measures on condition that its debts could be forgiven.

So, let alone interest, it fell below 70% of the face value. However, this time Greece rejected the austerity measures and confronted it by leaving the EU, and Greek government bonds plummeted again. If Grexit becomes a reality, it could become a piece of paper altogether.

Second, a sudden surge in the US benchmark interest rate caused huge losses in the bond sector.

Deutsche Bank CEO Daniel Burwitz has announced that it will urgently cut 20,000 jobs and sell assets worth €80 billion.

German financial authorities called it a rumor and started to evolve. Nevertheless, depositors rushed to the bank to withdraw their money, and Deutsche Bank stock plunged 42 percent in one day.

Even before the announcement, Deutsche Bank had concentrated on short selling, which was 10 times higher than usual.

The bigger problem is that this is not just a Deutsche Bank problem. Since December of last year, almost all banks are known to have suffered massive losses in bonds and stocks.

If a bank goes bankrupt, the repercussions are unimaginable. Failure to do so may lead to bankruptcy in the financial sector.

To discuss countermeasures, financial authorities and bank heads of major European banks gathered in Belgium. The event was also attended by ECB President Louis Weidmann.

A fierce debate ensued over several days.

However, the ECB has already lowered interest rates to zero to stimulate the economy and is releasing money. Therefore, it was difficult to come up with additional measures.

* * *

The worst January has passed. But by February, the situation showed no signs of improving.

The Chinese stock market fell more than 50 percent from its peak, and the stock market plunged again with the Japanese stock market cap inverted. Considering that the Japanese stock market was not good before that, it was easy to see how much the Chinese stock market had plunged in three months.

As the crisis in Europe and China grows, the United States has not been spared either.(Read more @ wuxiax.com)

The three major indices, the Dow, Nasdaq and S&P fell more than 20 percent, and it was undeniable that a bear market had begun.

* * *

Wall Street hedge fund managers have secretly gathered in one place.

There were only about 10 people, but the amount each one of them could move was tens of billions of dollars.

The person sitting at the top is a white male in his late 40s, his name is Carl Albert Singer. He is the CEO of Albert Management.

He looked around the faces of the gathered people with sharp eyes.

“Sorry for making you gather at a busy time.”

In fact, the global financial market today was a thin ice sheet. If you stumble a little, you will immediately fall into the water. Because of this, everyone could not sleep properly and were checking the market situation.

Nevertheless, the reason I took this time off is because I got a lot of help from Carl Singer.

No one knows in which direction the market will move in the future. But Carl Singer gave them accurate information on how the market might move in the future.

Even those who did not believe him at first began to sell the assets, albeit belatedly. Without the information, hedge funds would have been swept away by the crisis and suffered huge losses.

Albert Management liquidated all its assets before December, and other hedge funds have also sold large assets to secure enough ammunition.

“It is only a matter of time before China collapses.”

None of the people seated at that statement objected.

A huge ship called China has already begun to sink. Only getting out as quickly as possible can reduce damage.

It would be even better if you could bring something worthwhile to make money in the process.

Everyone knew what a great opportunity this was. An opportunity like this will never come again in a lifetime.

Octa Capital CEO Dan Morhead asked.

“How do you think it will move after Gangjin-hoo?”

No one can deny that Jinhoo Kang is the most outstanding investor in the 21st century.

He has earned the highest return on investment in human history since the creation of the financial market. That too in less than 10 years.

As the situation was the situation, everyone paid attention to Kang Jin-hoo’s every move.

There was no movement to sell assets or invest somewhere. There was no way to know what he was thinking, as he avoided media interviews and did not express his position.

If Jinhoo Kang moves with them, the probability of success increases even more. However, we cannot rule out the possibility that the situation will be reversed if she takes the opposite position.

Carl Singer said confidently with a smile.

“You don’t have to worry. He won’t be able to do anything.”