As a mage, I just want to pursue the truth

Neon, Korea, and Huaguo, these three countries belong to the countries conceived in the monster room of East Asia.

The advantage of the Confucian cultural circle is that the quality of the labor force is very high, and it is convenient for management.

Basically, as long as there is a phenomenon of technological spillover, the countries in the Confucian cultural circle can quickly seize the opportunity to develop rapidly.

It only took 40 years for Korea to go from an underdeveloped country to a developed country.

In the 60s, their per capita GDP was about the same as that of poorer countries in Africa.

By 2004, their GDP successfully exceeded one trillion yuan.

Among the countries in the Confucian cultural circle, Koryo is not the only example, there are many such examples.

It's just that some are lucky enough to catch up with development opportunities and become developed countries, while others are unlucky.

Annan was also unlucky. He didn't enjoy much benefits from the technology spillover process, and international capital began to flow back to the mainland.

As a result, Annan's economy has not yet developed. Just when it was about to take off, house prices took off ahead of schedule, and then the economic development was interrupted. The adjusted annual inflation rate was comparable to that of Argentina.

If you pay attention to international economic news, you will often see the news that the Central Bank of Argentina has raised interest rates, and OnePlus started by several percentage points.

Argentina's central bank interest rate often appears 75%.

You must know that the craziest idea for the Fed to raise interest rates is only 75 basis points, which is 0.75%.

The Argentine central bank's first shot is 5%, 500 basis points.

Before Annan enjoyed the economic take-off of Huaguo, his capital enjoyed the housing prices of the capital of Huaguo in advance, and at the same time experienced the feeling of bursting the neon real estate bubble.

Belonging is to walk the road of others for 40 years in ten years.

Neon and Huaguo also learned from each other. During the Tang Dynasty, Tang envoys were sent to Huaguo, and Huaguo’s economic system in recent decades was also a learning model of Neon.

The master of Huaguo's game of relying on infrastructure to promote economic development is Nihong.

In the early days, England, American and other countries all played the game of relying on infrastructure to boost the economy, but none of them played it as skillfully as Neon.

Korea does not rely on infrastructure to stimulate the economy, but relies on receiving the economic spillover from American, and then seizes several key areas to develop high value-added industries.

Neon is also taking this route, but in the development of high value-added industries, the government's guidance is relatively small, mainly relying on the market economy.

Korea is not the case. They mainly rely on policy guidance. From chemical industry, shipbuilding to semiconductors and consumer electronics, the traces of policy guidance are particularly serious.

During the development period, the Koryo government’s directional credit and import restriction policies, and the close relationship between the government and enterprises are all examples.

Compared with Korea, Huaguo's policy support is nothing at all.

Therefore, the rise of sci-tech creatures has been most affected by Korea and Neon.

Huaguo's auto companies, relying on super lithium batteries, squeezed out more than half of the market share of the neon car industry in Huaguo.

And Neon's automobile industry is their core pillar industry, and Huaguo is their largest overseas market.

The price of losing the Huaguo market is that in 2020, ten of the top [-] neon companies are related to the automobile industry.

By 2030, only four of the top [-] companies will be related to the auto industry, and the others will either perish, linger, or be acquired by Huaguo companies.

Compared with neon, Goryeo has been more seriously affected in recent years.

Although their economy is developing rapidly, they are also facing serious problems.

That is, Korea's almost completely export-oriented economy has a high debt ratio and a large amount of short-term foreign debt.

Korea's exports account for half of their total GDP.

In addition, Korea has almost no restrictions on foreign investment.

This has led to the fact that Korea's economic situation is particularly bad when the state-owned enterprises have been in a state of contraction for ten years and the world's major economies are showing contraction.

Some people will say that Neon's foreign debt is higher, and Korea's foreign debt is nothing compared to Neon's foreign debt.

It is true that Neon's foreign debt is [-]% of their GDP.

In 2012, this figure was 219.1%, while Korea's foreign debt was only 35.1% of GDP.

Neon's foreign debt is so exaggerated that only Zimbabwe's foreign debt-to-GDP ratio is higher.

But the difference between the two is that more than 40.00% of the foreign debt of the Neon government is in the hands of the Neon Central Bank, and about 90.00% of the foreign debt is owned by the Neon Bank and Neon residents.

The money owed by the Korean government is all money from the international capital market.

Because Neon borrowed money from local residents and institutions, they dared to lower the interest rate on long-term national debt to below 0.5%.

Goryeo dare?Korea's national bond interest rate is almost breaking 4%.

Therefore, on the eve of the release of virtual reality equipment, the most urgent thing is not Neon. Although Neon got the news, the most urgent thing is Korea.

Virtual reality technology will make Korea's economic system collapse overnight.

Although it is not far from collapse now.

Samsung's market value has historically fallen below 1000 billion yuan, after Samsung's market value exceeded 4000 billion yuan.

The decline is more than 70.00%.

Korea's government bond interest rate has approached 5.00%.

This is the case when the Central Bank of Korea announced an interest rate hike.

Generally, the central bank raises interest rates, which will lead to the decline of national bond interest rates.

The soaring interest rates on government bonds mean that they are willing to buy Korea's government bonds, and the number of investors who recognize Korea's national credit is rapidly decreasing.

Korea's market liquidity crisis is already underway.

Bridgewater Fund has publicly shorted the Korean stock market, with a short position of more than 30 billion yuan.

As the world's largest hedge fund, Bridgewater Fund is just the starting gun. Before the starting gun fired, many Wall Street financial institutions rushed away.

Everyone knows that Korean meat is a certainty, the only question is when to slaughter.

A frenzy of public opinion has formed.

Neon's life is not easy, but relying on huge overseas assets and domestic monetary policy still has a certain room for easing, they are not as anxious as Korea.

Nihong knew that the information American sent to them was trying to get them to fight with Zheng Li and Hua Guo behind Zheng Li.

Nihong is not that stupid. For them, the current economic situation still has room for maneuver. At the same time, relying on its huge overseas assets and land hoarding in Brazil, Nihong may not be unable to do something in the virtual world era.

But the negative impact of virtual reality on them is also real, so American encouraged Neon, and Neon chose to disclose this information to the Koreans on purpose.

This is idle chess, and Neon doesn't know if it will work.

American wants Ni Hong to test Zheng Li's reality, and Ni Hong wants Gao Li to go.

Goryeo, by contrast, is more on the precipice.

They are only one step away from Argentina retreating from a developed country to a less developed country.

"The situation we are facing now is even more difficult than the Asian economic crisis in 1997 and 1998, and the economic situation in Korea.

What we are mainly facing now is not a crisis in the financial field, but a technological crisis. The technology from Huaguo has dealt a dimensionality reduction blow to us.

The current crisis we are facing in the financial field is only a derivative of the technological crisis.

In 1997, we could have turned to the International Monetary Fund to avoid the worst-case scenario, a sovereign default.

In those years, we implemented many institutional and policy reforms to comply with the requirements of the International Monetary Fund.

But today, what kind of sincerity do we have to show to satisfy Mr. Zheng in Huaguo?
No matter from the communication between Samsung and Kechuangbio, or when our high-level officials went to Gusu for investigation, Kechuangbio does not seem to have a good impression of Korea.

And organizations that would be willing to negotiate with us to defer their established plans.

The most important thing is that we cannot come up with chips that can impress Mr. Zheng.

The more serious problem is that even if Sci-tech is willing to delay the launch of the virtual reality world, we will only delay the arrival of the crisis, but cannot solve it. "

Goryeo finance officials were the first to report.

The 90s financial crisis he mentioned can be traced back to 1990 for Korea.

In 1990, South Korea's current foreign exchange account balance began to deteriorate due to rising inflation, appreciation of the won, and recession in the world economy.

The current account deficit was $1991 billion in 87, more than four times the previous year's level.To finance a growing current account deficit, the Korean government encouraged capital inflows.

And in 1991, the liberalization of the capital account was accelerated by amending the Foreign Exchange Control Law.The limited capital account liberalization implemented led to large capital inflows.

In 1993, the South Korean government also announced a blueprint for the liberalization of the financial sector, lifting restrictions on the management of assets and liabilities of financial institutions.

In this move, however, they ignored the need for adequate prudential regulation.Leading to an increase in short-term foreign exchange liabilities of financial institutions.

And as part of Korea's 1996 entry into the OECD, the government implemented further financial deregulation and capital market liberalization.

This led to short-selling institutions led by Soros to reap the harvest in Asia, and Koryo is a piece of fat second only to Neon.

Among them, the sudden change in the policy of American's financial department has completed a seamless cooperation with this group of short-selling institutions.

After Robert Rubin took over the Ministry of Finance, he adopted a strong dollar policy, which directly led to a rapid increase in Korea's trade deficit and a serious decline in the profitability of export investment.

It has caused financial difficulties for a large number of enterprises. As mentioned earlier, Korea is a serious foreign trade economy.

The non-performing loans of Korea's banking institutions have increased sharply, and Korea's seemingly reliable financial situation has actually been shaky.

Compared with 1997, at least we can figure out the ins and outs, and then there are many options for how to deal with it.

It is nothing more than the difference between cutting more and cutting less.

Anyway, being cut off by the American government is also cut off, and being cut off by Wall Street is also cut off.

But this time we are facing an unprecedented crisis, which is an all-round survival crisis for all industries.

Even Korea, the most confident cultural industry, has to face the impact of real idols.

It is still unknown how much combat power the idols and Hallyu cultivated by Goryeo can have in front of virtual idols.

From top to bottom, Goryeo seems to have lost its direction.

"Our current account of trade is out of balance and the exchange rate is in free fall.

The exchange rate of Korean won to US dollar has fallen below 2000 won to 1 US dollar, a 50-year low.

早已比1997年12月13日亚洲金融危机时的1737.6比1更低。

At present, the central bank predicts that in the face of the fierce attack of international speculators, we will not even be able to hold the 2500-to-1 mark.”

The voices of Korean financial officials echoed throughout the venue, and there was no other sound.

It seems that it is common for the Korean won to fall below 2000 against the US dollar.

If this had been done ten years ago, Cheong Wa Dae would have been hit ten times.

But it's the same now, Cheong Wa Dae has long been occupied by the people.

"Now that the crisis is in progress, what can I do to face the aliens?
Or aliens with superpowers. "

The most senior official of Goryeo, who knows more information than others.

His heart is hopeless.

Because the opponent he was facing was completely unreasonable, and Gao Li couldn't offer any valuable bargaining chips.

After the finance official finished speaking, it was the turn of the science and technology official to speak. His voice was even more dull, as if he was more sad than anyone else.

"The export of memory chips, which has the highest profit margin in our export trade, has fallen the most since 2000, and the global economic growth's interest in traditional carbon-based chips is further shrinking.

Major consumer electronics manufacturers and enterprise hardware manufacturers around the world are watching and shrinking.

All enterprises are waiting for the advent of the virtual reality equipment of Kechuangbio before deciding on the subsequent production and sales plan.

DRAM shipments fell 2 percent year-on-year in February, after rising 74.7 percent in the previous month, according to data compiled by the trade ministry on Friday.

DRAM accounts for nearly half of Korea's memory chip exports and is a key indicator of my country's semiconductor industry exports.

Not only is the chip industry facing the most difficult period in history, export data from all walks of life are facing a cliff-like decline.

Almost all industries are contracting.

At the same time, if the supply chain system we have worked so hard to build is cut off because there is no export, it will be difficult to rebuild in the future.”

Korea is an export-oriented country. Due to their lack of resources, they rely heavily on imports.

Korea can be said to be the country that pays the most attention to supply chain resilience among all countries.

Because they once found their supply chain extremely fragile,

Taking DEF as an example, before Goryeo relied on Huaguo for more than 97% of its DEF imports.

But after China restricted the export of urea, an important ingredient in DEF used to reduce toxic emissions from diesel engines.

The Korean military was forced to airlift tens of thousands of liters of liquid from Kangaroo Country, Southeast Asia and the Middle East.

They later spent a lot of money to rebuild the supply chain system from all over the world.

But the supply chain system is very realistic.

You can't feed others, and others will naturally go to other economies.

"Korea's total exports this month snapped the third straight month of growth since November last year, falling more than 11 percent due to the combined effects of a weaker won and high energy costs.

The trade deficit is snowballing to record levels.

The depreciation of the South Korean won that is taking place this month has far more negative impact on trade than positive impact. "