Chapter 145

As of November 17, 4 p.m.

The devaluation of the won has reached its highest level ever.

The exchange rate of the won against the US dollar fell to a record 1008:1, which means that 1008 won can only be exchanged for the US dollar.

On this day, both Zhuke's Fengfeng capital and a group of international speculators who are short of the won have had enough.

Not to mention, Merrill Lynch, one of the five largest investment banks on Wall Street, is the most powerful investor today.

"Boss, according to reliable information, Merrill Lynch has sold out the Korean won futures contract worth 9 billion US dollars in just a few hours today, which directly broke the Korean won foreign exchange market!"

Henry said in a low voice.

"Hiss ~!"

In an instant, Zhuke took a breath of cold air.

"Within a few hours, Merrill Lynch is definitely planning to sell short the $9 billion won futures contract."

"South Korea's foreign exchange reserves, according to intelligence, are less than $7 billion, which means that the South Korean government has no resistance at all," he said

Henry eugenberg nodded, too.

In terms of foreign exchange reserves, South Korea's Bangzi really can't catch up with Japan's little devil.

The Devils' private capital and the government's foreign exchange reserve of at least 200 billion US dollars can withstand for a while; However, in terms of Bangzi, it's only a mere $7 billion, and it can't even struggle.

No, many international speculators haven't done much. Merrill Lynch alone has directly destroyed the Korean foreign exchange market.

It's nothing to worry about.

.......

At the same time.

The South Korean government held an emergency meeting in Tsing wa Tai.

"Where's the money?"

A member of the Legislative Council said directly to an official of the Ministry of Finance and administration: "we have no foreign exchange reserve of 7 billion US dollars in the Republic of Korea. What can we do next? Take the lead

As soon as the words were heard, other members of the house of representatives also fired guns on the Ministry of Finance and relevant government units. Even the president, they were not polite to scold.

"The chief official of the Ministry of finance must take the blame and resign!"

"Yes, they are mainly responsible for the financial crisis."

"You, Samsung, Daewoo, CJ group and other large chaebols are all waiting for the government's financial support. After all, once they fall, our financial market will be completely finished."

Especially noisy voice, one after another.

There is a lot of noise in the conference room. The members who are usually well-dressed, and the officials who are in high positions, how can they be half elegant at the moment?

Especially when it comes to the chaebol groups, it directly makes some people move.

South Korean politics, on another level, is also called chaebol politics.

From the moment you were born, the hospital's medical care, housing, cars, work, insurance, banking, clothing, drinks, cemeteries, and even a piece of toilet paper, all contain plutocrats.

Many members of the South Korean parliament are the spokesmen of the chaebol.

The purpose of today's meeting of the representatives of these chaebols is very clear, that is to let the government support the chaebol group as much as possible.

what?

Do you say that if you give all the money to the chaebol companies, the small and medium-sized companies will not care?

As a matter of fact, the South Korean government itself is a Bodhisattva crossing the river, and it is hard to protect itself.

At the end of the meeting, a South Korean spokesman made the most famous remark of "lose three and protect seven" on TV for the first time.

"Lose 30% of workers' jobs and ensure 70% of workers' employment."

......

The consequences of this remark can be imagined.

Many enterprises closed down one after another, leading to a wave of unemployment. Many people in South Korea have questioned the measures taken by the government.

As for the gale capital of Zhuke, as well as many international speculators, where do you care?

One after another began to wantonly short the won.

18 ~ 20, for three consecutive days, the Korean won foreign exchange market continued to decline, and there was no sign of recovery.

In South Korea, numerous small and medium-sized enterprises have closed down. Not to mention this, it is just the tycoons who have suffered heavy losses.

The most serious is Daewoo Group!

As the second largest enterprise in South Korea, it has a huge volume. Its business scope includes foreign trade, shipbuilding, heavy equipment, automobile, electronics, communication, construction, chemical industry, finance, etc. it has 29 series companies and more than 30 foreign branches, with 260000 employees. Before the outbreak of the crisis, it could be said that it was incomparable.

However

Just a few days after the outbreak of the financial crisis in South Korea, Daewoo Group's high debt ratio caused a huge debt burden, and the reduction of profits caused the decline of stock price. Despite a series of downsizing measures, Daewoo Group is still unable to return to the sky, and the myth that "Malaysia will not die" is finally shattered.

Ah Xi!

"How can it be? We are a world power. How can we be so vulnerable? "

"False, everything is false!"

"I also think it's fake. Our government and chaebol groups must have been caught off guard. When they get over it, the investment banks on Wall Street will be a fart!"

"We are cosmopolitan, the most powerful country in Asia!"

One by one, the unemployed Korean people took to the streets and kept shouting - they believe that the government will solve the problem!

.......

Gale capital.

Zhuke in the office, watching a TV news from South Korea, can not help but feel funny.

Still believe it?

"Your government and plutocrats are not trying to save you at all, but to reduce their own losses." Chuck sniffed.

Sure enough, before long, Zhuke saw another piece of news.

South Korea's Ministry of finance executives, the first time announced: "we can not recover the economic downturn, decided to seek help from the International Monetary Fund!"

A stone stirs a thousand waves!

As soon as the news came out, there was an uproar in South Korea.

One by one, people who firmly believe that their country is a world power one second ago are completely stupid at this moment.

Big universe power dream broken!

Of course, a large number of citizens are still overjoyed: "great, with the assistance of the International Monetary Fund, we will be able to survive."

For this remark, Zhuke is full of disdain.

International Monetary Fund, you should be a charity!

"Behind the International Monetary Fund is the United States, a wolf looking for food everywhere. It's killing people without blinking an eye and eating people without salt. "

A few days later, the International Monetary Fund signed a rescue package with the South Korean government.

Main contents:

The International Monetary Fund provides 57 billion US dollars worth of loans to the South Korean government!

"Ooh, it looks very generous. It's estimated that there are many additional conditions." Zhuke looked at the news with a smile in his heart.

In fact, Zucker was right.

Several additional conditions proposed by the International Monetary Fund are totally cutting the flesh of South Korea and dismembering their domestic financial order.

1. [ask the South Korean government to shut down immediately those commercial banks that are inextricably linked with the chaebols.]

You know, in the past few decades, no commercial bank in South Korea has ever been closed. Once these commercial banks closely linked with the chaebol are closed, it means that the chaebol's right to borrow freely from some banks is cut off, which is bound to have an impact on the chaebol enterprises.

2. [ask South Korea to raise interest rate to 30%]

On the face of it, it can attract more foreign capital into South Korea, but if high interest rates are enforced, many chaebols and companies will inevitably go bankrupt.

3. Fully open the financial market to foreign investors

I have to say that this is the most vicious and poisonous clause among dozens of clauses.

This means that foreign capital can fully control the domestic banks of South Korea, directly control the financial market of South Korea, and completely turn it into an undefended battlefield for many international speculators.

Tut tut!

The goal of the United States is to dismember South Korea and further turn it into its own backyard.

"Boss, here's the chance!"

"Where is the IMF's aid so easy to get?"

"As a result of South Korea's acceptance of the aid, although it can stabilize the financial market, a number of chaebol giants in South Korea are coming to an end. Well, even if it doesn't close down, it will definitely lose more than half of its value! "

Henry showed his professionalism step by step to Zhuke in an excited tone.

Of course, Zucker believed in his judgment, and the foresight of the passer-by was indispensable.

......

The International Monetary Fund took control of the crisis temporarily, but the big plutocrats suffered huge losses and were dismembered by Wall Street and investment institutions all over the world.

Daewoo Group, the second largest wealth in South Korea, nearly collapsed and lost 80% of its property.

And the investment banks that have made profits have made millions, tens of millions, hundreds of millions and billions of dollars over a period of time.

Zhuke, who is more diligent, also made a profit of more than US $700 million in the Korean market for some time. The amount of profit will exceed the harvest in Japan.

"Ha ha, I just feel great when I clean up the sticks!"

Zucker, at this moment, said, "it's cool.".

Second, the financial crisis will continue for a long time, but the minister basically wrote here, and then he will return to film. Finally, ask for support~~