Chapter 487

Hedge fund managers spent half a day discussing detailed strategies.

They laughed and talked to each other, but in their minds, each counted differently. Money has neither good nor evil, neither friend nor foe.

They unite as one in front of profit, but turn their backs when the situation changes.

What Karl Singer has to do is convince them that this is an opportunity to make money. It takes more than a hundred words to persuade savvy investors in the marketplace.

Everyone lies. But no one is lying when they bet money.

Albert Management was to invest in the first and most risky assets. In this case, you take the greatest risk, but at the same time you can make the most profit.

Carl Singer told them.

“Albert Management will take the lead. You just have to follow along.”

Carl Singer stood by the window and looked down. I could see cars and people busily moving between the skyscrapers of Manhattan.

It felt like the world was beneath my feet.

Everyone stood up to look up, but he was still looking up from below.

It is not the person who manages the capital that has the power in the market, it is the person who has it.

No matter how good an investment opportunity is, if you don’t have money, it’s of no use. Huge capital is a powerful force in itself. Money makes everything possible.

Who is not in awe when he sees a mountain of gold?

He was a lawyer at a law firm before founding Albert Management. He found out about them while he was pursuing a lawsuit involving a financial company.

They gave him a huge amount of money to help him set up a hedge fund.

They have the power to move the market. No, they were the mayor. Investing in accordance with the information they provided could make a huge profit.

If this task is successful, you will have the power to move the world away from the shogi horse that moves according to the owner’s will.

He knew what Rothschild had to offer to Kang Jin-hoo.

What some people cannot achieve even if they work hard all their lives, others can get it very easily.

‘If only I could climb on top of it… … .’

Carl Singer clenched his fists tightly.

* * *

Massive anti-China protests broke out in Hong Kong.

It started in China. The Chinese financial authorities have identified financial institutions in Hong Kong as the main culprits in the short selling, and announced that they will summon a large number of Hong Kong businessmen and financiers to the mainland for investigation.

In a word, it was the logic that Hong Kong’s speculative forces were ruining the Chinese economy, and in fact, blamed the economic failure on Hong Kong.

Hong Kongers reacted violently to this.

Hong Kong was guaranteed autonomy for 50 years after it was returned to China and has exercised its own judicial powers.

However, if China can summon Hong Kongers to the mainland as needed, there will be no law prohibiting the summoning of politicians and human rights activists whom the Communist Party considers a prick.

The first protest was a whopping 1 million, and one in seven Hong Kong citizens took part in the protest. As the scale of the protests grew over time, the Chinese and Hong Kong governments were surprised and withdrew their recall policy.

However, the public sentiment, which once boiled, did not know how to subside. The Chinese Communist Party’s repression and control over Hong Kong exploded with this incident.

The protests in Hong Kong have now spread to the anti-China movement and the Hong Kong pro-democracy movement. When the one-China principle showed signs of faltering, China could not back down either.

Prime Minister Bo Xiaoyu said in a strong tone.

“No one should shake the one China principle.”

China moved a large number of the People’s Liberation Army to Shenzhen, which is adjacent to Hong Kong. This was nothing more than a warning that the People’s Liberation Army could be deployed to suppress the protesters in an emergency.

The whole world watched with concern over the possibility of a second Tiananmen Square incident in Hong Kong.

* * *

Saemangeum was neglected like an abomination due to the buildings that were being built.

Stock prices fell endlessly, businesses went bankrupt and people lost their jobs. Houses and buildings were handed over to banks, and banks were handed over to speculative capital.

A dispute broke out between Ireland and the United Kingdom over the construction of a border wall, and terrorism broke out in a Northern Ireland shopping mall and soccer field. Greece rejected the austerity measures and declared its exit from the EU, and other EU countries suffering from the economic crisis also joined in.

In countries that lost welfare and security due to national bankruptcy, people continued to flee. As refugees crossed the border, anti-refugee protests and hate crimes spread in each region.

Riots and looting have erupted around the world, with clashes reminiscent of civil wars.

China eventually deployed the People’s Liberation Army to forcibly suppress the protests in Hong Kong. People fell with gunshots and bleeding. Screams and weeping erupted from all sides.

I was standing in the middle of it all.

War isn’t the only thing that kills life. A financial crisis can disrupt people’s daily lives.

While everyone is suffering, some have made a huge profit. Those with the capital bought stocks and real estate that had gone cheap, and took over state-owned enterprises and infrastructure.

The poor got poorer, and the rich got richer. Poor countries got poorer, and rich countries got richer.



Grace Rothschild looked at me and said.

“Come with us. You can have everything in the world.”

At that moment, I woke up from my dream.

When I opened my eyes, I saw Ellie’s expression. She looked at me with a surprised expression.

“It’s okay?”

“Yes. It’s okay.”

His forehead was full of cold sweat, and his back was cold.

Eli wiped the sweat from my forehead with her hand.

“What did you dream about that made you so surprised?”

I remembered the sights I had seen in my dreams. Everything was vivid as if I had seen it with my own eyes.

Is this just a dream or is it a future that will happen?

It’s the first time I’ve had such a dream since Big One. Despite all their efforts, the Big One finally happened.

If so, is this something that can’t be prevented, just like natural disasters?

I shook my head.

“It was just a nightmare.”

“It’s because I’ve been under so much stress these days.”

I lay down again, but sleep did not come.

Is it the same for Ellie, she asked me.

“Would you like a beer?”

I nodded.

“That would be great.”

We went down to the first floor and sat facing each other at the wine bar on the other side of the kitchen. I handed her her beer from her refrigerator.

We hit the can. As the cold beer ran down her throat, she seemed to have a bit of a comeback.

I thought it had been a long time since we drank together. These days, we’ve been busy with each other, so we haven’t had much time to talk face to face.

“How is your company these days?”

“The atmosphere is ridiculous. Everyone goes to work and at the same time, worrying about how much money they will lose, they are holding out day by day. Every day, we get a lot of complaints from customers.”

Basically, the IB takes a long position. You may think that it is not enough to sell all your assets and bet short, but that is only possible with hedge funds that are free to manage.

The derivatives investment ratio of a securities company cannot exceed a certain limit. There are no derivatives in the market to buy that much in the first place.

When the market goes up, everyone can make money. But when the market goes down, someone must lose money to make money.

No matter how good the management is, the only way to reduce losses is to reduce it.

Thankfully, thanks to preparations in advance, Golden Gate had a small loss compared to other IBs. Now, domestic securities companies were being bombarded.

China, India, ASEAN funds, and Brazilian bonds, which have been selling hard so far, fell in half and fell into three and four halves.

“It really is the first time the market has fallen this much.”

Ellie joined Golden Gate after the financial crisis.

Even if the market has been shaken for a while, it will be the first time you have experienced such a decline.

I nodded.

“Countries like Korea will just be swept away by the global economy.”

Even though it is the 11th largest economy in the world, its share in the world economy is only 2%. Moreover, the proportion of imports and exports is much larger than that of domestic consumption.

If the global economy is shaken, it is a structure that is bound to receive a shock as it is. As the economy is highly dependent on China, the crisis in China has also spread to Korea.

The KOSPI index collapsed not too long after 3000 collapsed, and even 2500 collapsed, and now 2000 is threatened.

The buying trend disappeared, the market faltered despite the small bad news, and the exchange rate jumped to 1,250 won.

However, it can be said that this was also very good. The situation in other countries right now is nonsense.

China has been investing heavily in emerging countries in Asia and Africa, where the US has relatively weak influence, pursuing a one-on-one strategy. Asean countries, which depended on China for investment and exports, showed signs of collapse one by one, which was another bad news for Korea.

External factors are a problem, but internal factors are also a problem. The most serious is the household debt of 1,600 trillion won.

Korea’s household debt was the highest in the world as a percentage of GDP.

This crazy increase is due to low interest rates and soaring real estate prices. Because interest rates are low, borrow money to buy a house, and when you and I buy a house, house prices keep rising, borrowing more money to buy a house that has risen in price… … .

But when interest rates suddenly rose, the opposite happened.

When interest rates nearly doubled in just a few months, homeowners, unable to bear the interest burden, tried to sell their houses to pay off their debts. However, as interest rates continued to rise, no one was willing to borrow money to buy a house, and house prices continued to fall.

We are not yet at the stage to talk about bank insolvency, but if interest rates rise further here, there is a possibility that the real estate bubble will burst and fall into a long-term recession like Japan.(Read more @ wuxiax.com)

Ellie said while drinking beer.

“I spoke to my mother today.”

“Are your parents okay?”

“of course. But I’m a little worried. There were also deaths yesterday.”

Ellie had a look on her face that she didn’t mind, but her eyes were full of anxiety.

Instead of complying with the demands of the people, the Hong Kong government has resolutely suppressed the protests. Clashes between protesters and Hong Kong police continued, paralyzing the city system.

Roads were controlled, subways stopped, and government offices closed. And the People’s Liberation Army trained like it was in Shenzhen.

Hong Kong is Ellie’s hometown.

I couldn’t help but tell her that her People’s Liberation Army could be deployed and trample her protesters.

I remembered something from a long time ago.

“When she returned to school, she once played a game with a classmate.”

“I know. Was she the Meister Pizza representative?”

“Yes.”

The rules were simple. It was just a game where the one who accumulates more cash within the set time wins.

Ellie grinned.

“I got it wrong. How dare you brag about your money against Jinhoo.”

“In retrospect, it was childish.”

But she thought that maybe the current situation might be similar to that back then.

In the market, the one with more money has an absolute advantage. To prevent a crisis, you need more money than your opponent.

In the end, it is a game of who can accumulate more money.

The Rothschilds have more capital to mobilize than I do. Moreover, other speculative capitals were already moving along.

This was one huge stream.

No matter how rich I am in the world, I can’t fight the whole market. The only thing I could do was hold on to not drift away with the flow.

A feeling of helplessness enveloped her body.

What am I supposed to do?

Is there any other way than to sit still and take losses and watch the world economy collapse, or join hands with the Rothschilds and invest in a crisis?

At that moment, something flashed in front of my eyes.

What the hell is this… … ?

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