God of Rebirth Trader

The rise of a country takes at least several decades.

For example, China's close neighbor, South Korea.

Since the 1960s, South Korea has shifted its economic focus toward exports and labor-intensive industries have increased dramatically, thus achieving rapid economic take-off.

In 1988, after South Korea hosted the Olympic Games in Seoul, it soared into the sky and became the first among the Four Asian Tigers.

In 1996, the then President of South Korea, Kim Young-sam, announced that he would join the OECD, which we often call the "OECD".

This move indicates that South Korea has completely entered the camp of developed countries.

According to economic polls, 85% of Koreans consider themselves middle class.

However, Koreans were happy too early.

November 5, 1997.

Wall Street, New York, Morgan Stanley, East Asia Division.

Wall Street analysts issued an urgent note to investors.

"All investors please withdraw all funds in South Korea immediately."

Immediately afterwards, a large amount of upstream capital began to leave South Korea.

Foreign investors have also sold off their Korean assets and even exchanged their Korean won holdings for the U.S. dollar, the international currency.

The exchange rate of the South Korean won has plummeted due to the impact of the financial turmoil, requiring South Korean leaders to use foreign exchange to raise it.

Now most of it has been exchanged by foreign capital, and South Korea's foreign exchange will soon bottom out.

.....

November 15th.

International hot money, which was temporarily blocked in the Hong Kong stock market, decided to move north to South Korea.

International speculators, led by Soros, once again gathered firepower to sell the Korean won.

For a time, the Korean won foreign exchange market plummeted, completely collapsing in less than five minutes, triggering the circuit breaker mechanism one after another.

On November 17, the Korean won exchange rate fell by the limit for two consecutive days, and the Bank of Korea was forced to give up its intervention in the Korean won exchange rate.

On November 19, South Korean President Kim Young-sam accepted the resignation of Korean Finance Dean Kang Kyung-sik and his senior assistants.

As soon as the news came out, South Korea's financial market suddenly lost control.

After the South Korean financial foreign exchange market opened that day, it fell again by 23 won, or 2.27%, falling below the Korean won's daily fluctuation limit of no more than 2.25%.

At the same time, the Seoul Composite Stock Price Index fell sharply by 11.65 points, or 2.36%, to close at 483.01 points.

In order to prevent the Korean won from depreciating, the South Korean authorities can only purchase large amounts of foreign exchange.

Unfortunately, the withdrawal of U.S. dollars has greatly exceeded their purchasing speed.

The national treasury has less than US$10 billion in foreign exchange reserves, which is simply not enough to deal with international speculators carrying huge amounts of money.

For this reason, South Korea's top leaders did not hesitate to lose face and urgently asked their neighbor RB for help.

After receiving the news, RB also fully understood the truth behind the scenes and prepared to assist South Korea with US$20 billion to fight against the attack of international hot money.

Unexpectedly, I received a stern warning from the Federal Reserve that day.

South Korea's last straw also sank.

Immediately afterwards, under the attack of international hot money, the Korean won exchange rate plummeted, prices rose sharply, and the Korean won system collapsed and became a piece of waste paper.

Korean won is worthless!

The U.S. dollars accumulated by South Korea during the 20-year miracle on the Han River were all gone in one day, and the country suddenly fell from the height of prosperity to the endless abyss.

People cried, collapsed, and jumped from tall skyscrapers...

Koreans are at a loss.

I don’t know who issued the call first, but people suddenly began to spread: "Give the gold to the country, and we will save ourselves."

The Korean people had an unprecedented cohesion. Every household, regardless of gains and losses, whether it was ancestral gold jewelry or the gold at the bottom of the box, was selflessly donated to the Korean authorities by their respective owners.

A massive national self-rescue movement has begun.

According to statistics, South Korea received a total of more than 200 tons of gold from the private sector worth nearly 2 billion U.S. dollars, and everyone picked up the money and set off a huge fire.

But this raging flame was extinguished by international capital with a small glass of "water".

Gold is a hard currency that is "harder" than the US dollar.

But this year, the international gold price reached its lowest point in the past 20 years.

South Korea is simply unlucky. The people's gold has not been exchanged for many U.S. dollars, and it is simply unable to survive this crisis.

November 22nd.

South Korea officially declared bankruptcy and decided to use its remaining foreign exchange reserves to protect large companies and give up the interests of small and medium-sized enterprises and ordinary people.

All of a sudden.

South Koreans are desperate, with countless families going bankrupt, and unemployment and suicide rates skyrocketing.

As a result, rooftops and bridges are running out of space.

...

Hong Kong.

Antler Building, ninth floor.

Lin Zeju looked at the latest issue of the newspaper and was so frightened that he broke into a cold sweat.

Soros and other financial giants can destroy a country with a snap of their fingers without even a bullet.

"Awei, you were right, South Korea really went bankrupt in seven days!" Lin Zeju said in a daze.

"Flies don't bite seamless eggs. To put it bluntly, countries in Southeast Asia have their own economic problems." Chen Weidong put down the newspaper and said calmly.

The economic development of Southeast Asia relies too much on exports, and industrial development is in the primary stage, dominated by population-intensive industries. Industrial expansion is also at a low level, and product upgrades cannot be achieved.

At the same time as the economy was developing rapidly, hot money inflows and bank loans poured into the real estate industry, resulting in a serious oversupply of real estate and price inflation that gave rise to bubbles.

The appearance of economic prosperity in Southeast Asia conceals all contradictions. It was not until the international financial giants opened their sharp mouths that they realized how fragile their economies were.

"Awei, you are from the future, right?!"

Lin Zeju suddenly rushed over with red eyes, grabbing Chen Weidong by the collar and refusing to let go.

"Fuck...let me go!!"

"let me go…"

"You****!" Chen Weidong felt like he was being strangled and could not breathe.

The strange noises in the office soon alerted the staff outside.

Li Xier quickly ran over, separated the two of them with force, and said in surprise: "What are you two doing? Isn't it normal?!"

"Ahem, who knows why he's crazy..." Chen Weidong felt the free air instantly, and he almost felt like he was going to throw himself into the street.

Lin Zeju on the side suddenly became extremely calm, turned to Li Xi'er and said: "You go out first, I still have something to talk to Ah Wei."

Seeing that the two of them were back to normal, Li Xier finally breathed a sigh of relief and said cautiously: "Okay, you two, please don't start fighting again, otherwise I will call security."

"It's up to you. You can go out first." Chen Weidong straightened his shirt and tie and sat back on the office chair again.

Li Xier walked out of the office and waved to everyone at the door, asking them to return to their posts.

...

"Awei, how do you explain?" Lin Zeju said.

"Explain? How do you want me to explain?"

Chen Weidong's tone was calm, making it difficult for people to see his true emotions.