At The Beginning, Sell Off Your Property And Short-Sell The Parallel World.
Chapter 5: Long-Planned, Crazy Harvesting Begins
On this day, Li Xun was accompanying Li Zheng, who was recovering from a serious illness.
Seoul news is being broadcast live on TV.
Many nurses gathered around the TV and forgot about the busy work in their hands.
The president, who has just taken office, is announcing a major event to the people:
"It's all your unrestrained consumption and rising desires that have led to today's situation."
"The reason why the country has fallen into this situation is that every one of you is a sinner of the nation!"
…
"We have officially launched cooperation with the IMF."
"We got $55 billion in bailouts, but the crisis is still there."
"According to the contract with the IMF, the IMF will officially take over our country's economy!"
"Today is a day of shame for our country. Please remember this day."
IMF, the so-called International Monetary Organization.
Its willingness to lend money to the Kimchi Country is not out of charity and so-called humanitarian relief.
The loan conditions are very harsh, and the pickle country's economic policies must accept the intervention and control of the IMF.
Behind the IMF is Uncle America.
This agreement is tantamount to treasonous terms.
Many nurses couldn't help sobbing softly, and an older man walked onto the balcony.
The whole hospital was in chaos.
And Li Zheng glanced at his son meaningfully:
"You succeeded, but I really don't want to see this day come."
Li Xun didn't say anything. If you want to blame it, it's some traitors who have recognized the traitor's father and enriched their own pockets without caring about the lives of ordinary people.
The government protected the plutocrats and the public became their outcasts.
Public opinion outside was in an uproar.
A few days ago, they were still living under the illusion that the country was prosperous.
You now say that the country is bankrupt, and the bank promissory note in your hand has become a piece of waste paper.
People whose families had been destroyed took to the streets to protest.
The exchange rate of Korean won against the US dollar has changed from 1:800 to 1:2000!
In other words, if I had listened to Li Xun at that time and converted Korean won into U.S. dollars, I would have made nearly 2.5 times the profit now.
A 20% interest is enough to drive people crazy, let alone a 2.5 times return rate.
Li Xun calculated the time and found that spot gold has now risen to US$368 per ounce.
It's time to join another battlefield.
He remembered that just a few days later, the stock market would collapse, and the average value of the Seoul Composite Stock Index would fall to an unprecedented 680 points.
At that time, it was faster to make money by buying and selling than buying stocks.
Gao Yi Zhengxue issued an instruction to short-sell spot gold.
Soon, after excluding various handling fees, 2.8 billion was transferred to overseas accounts!
Seeing this 2.8 billion, Li Xun couldn't help but smile to the sky for a while in the nursing room.
"Son, what's wrong with you? It makes you happy."
Li Zheng looked at Li Xun's mobile phone text message interface curiously.
The eight zeros after 28 startled him, and he thought he was dazzled.
Yes, the calculation is correct, the unit is US dollars!
Blood surged straight up to his forehead, his blood vessels swelled and his face turned red.
After taking some blood pressure lowering medicine, he came back to his senses.
He patted his son's shoulder hard and gave a thumbs up.
He was really convinced and exchanged 2.8 billion back to Korean won.
Li Xun doubled his net worth nearly 50 times this time!
The old Li family really couldn't get on the stage in Kimchi Country before.
But things are different now. With US$2.8 billion in hand, it is not a problem to acquire several top 20 companies.
As for the LZ Entertainment Co., Ltd. that was sold, just buy it back at a low price.
It is not a problem to buy the entire Korean entertainment company.
Who told his son that he was crazy? Now he just wanted to have a good talk with them.
Full of joy, Li Zheng immediately called the intermediary, intending to find out what the current owner of LZ said.
The company that bought LZ Entertainment from Li Xun was Huiri Radio, one of the three major radio stations in Seoul.
When LZ Entertainment was originally purchased, the other party's senior management thought it was a good deal.
LZ Entertainment owns a large number of high-quality film and television copyrights and has always been profitable without any debt.
In their eyes, it is first-class quality property rights.
Based on the market value at the time, the total estimated value was around 120 billion won.
So Li Xun proposed a $100 million cash deal, and they completed the deal without hesitation.
But the problem also arises in the cash flow of US$100 million.
After the economic crisis broke out in Kimchi Country, Huiri Real Estate, the parent company of Huiri Radio, suffered a thunderstorm.
Huiri Radio, which was drained of cash by this deal, became a liability in the eyes of Huiri Real Estate.
Nan Ruzhen, the chairman of Huiri Real Estate, wants to sell the shares of Huiri Radio to preserve the main company.
With the help of the Deputy Minister of Finance, Nan Ruzhen started the first acquisition negotiation with Citibank.
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