Absolute Wizard

Absolute Wizard Book 23

There were many other opinions.

But also the biggest was raincomb.

Given its value, it was definitely difficult to listen to Cho Min-woo's offer.

“Okay, let's say no. ”

“But what about the 200 trillion? ”

“That's it. Keep asking. ”

It was a bit of an oppressive move, but not bad.

Even though Jo Min-woo was just leaving, he didn't think he would refuse the government's request.

Chapter 10 U.S. Exit Strategy

Cho Min-woo was originally worried about the financial crisis.

In fact, this was the biggest thing in the future.

I actually did a variety of tricks.

It certainly worked.

The aftermath was actually not that big.

In the meantime, Raincomb's influence only grew.

But he had something to do with it.

It was a government debt. There were no other ways to foam an apartment, including store debts. No, actually, I was busy doing something else.

Even if he knew, he would not interfere.

Thanks to him, he felt he could escape the influence of the Korean government.

The results were not.

Sorry about that.

He refused.

Of course I wondered.

It's strange. With that money, the future Korean economy will last 23 years. No? What are you going to do?

The answer to this question was very simple.

I believe Chairman Jo will help.

You're being ridiculous.

It's been a long time.

It soon disappeared after being punished.

I'll be right back.

He was a little out of his mind.

Cho Min-woo was troubled at the moment.

I wasn't thinking about government influence in the first place.

However, the situation was a problem.

Now it was a different matter.

FRB was the one who chose to think about it.

‘Okay, let's meet the chairman of General Bernanki. ’

* * *

The FRB is a U.S. financial representative.

The central bank of the United States. It is a bill issuing bank that manages the reserves of commercial banks in the United States, lends to commercial banks, and is used.

It was founded by the Federal Reserve Bank Act, effective 13 years ago.

The Federal Reserve Board determines the reserve requirements of the meeting banks within the statutory limits, reviews, determines and considers the discount rates under 12 Federal Reserve Banks.

Alan served as president of the global economy until 2005.

Bernanki was the successor.

It is often the center of a conspiracy theory that Jewish capital or private capital dominates the global economy.

But if you think about it, it's not necessarily the case. It is difficult to remain politically neutral once governed by the U.S. government.

Constitutional adhesions that are prevalent in Korean society may also occur.

In other words, if a corrupt congressman is united with the children of the corrupt public institution and becomes involved in the bank, the amount of corruption can never be communicated.

Given that, we have separated politics from capital at all.

Politics, of course, is liberal democracy.

Capitalism is based on capitalism.

In the end, they completely separated politics from capital and prevented interference.

However, the President of the United States had the right to elect the chairman to take charge of the independent FRB. In doing so, the focus is on maintaining the identity of politics and capital.

Of course, there is a complex interest relationship within this FRB.

It's hard to say just a few words.

However, it was not easy for ordinary people to meet Bernanki.

should be at least the number of national enemies.

But one person is different.

“Chairman Jo Min-woo wanted to see me? ”

“Yes, I have something urgent to say. ”

“Okay, let him in. ”

* * *

Soon, Cho Min-woo was only in his mid-twenties. He was just a mediocre Korean who had nothing to do with stubborn buyers and sharp eyes.

However, Bernanki looked at Cho Min-woo with fresh eyes.

In some ways, it is not an exaggeration to say that they are moving through Asia. I was not someone who could do it carelessly because I was myself.

“It's an honor to meet you. ”

“Hahaha, it's not that bad. ”

The conversation went well.

Cho Min-woo, of course, knew about the problems hidden inside the FRB, but he didn't reveal them.

That wasn't so different either.

The two of them immediately got to the point while covering up their little matter.

“Do me a favor. ”

“What's going on? ”

“We're talking about an American exit strategy. Can you tell us if an exit strategy is possible from this year? ”

“You want me to lie now? ”

“No, I'm not lying. because if it's the way it is now, it's possible. But wouldn't it be a little different if there was a problem? ”

“Oh, I see what you mean. So in the short term, you want to shake the flow of capital. ”

“Exactly. ”

“But that's not for me to decide. ”

“I buy $300 billion in U.S. bonds. ”

“$300 Billion……"

It was not negligible.

Moreover, the amount is a lump sum. I don't know if it was a normal FRB, but it was a different issue when there were insufficient funds.

Moreover, it was not a great conspiracy.

Wait a minute.) I just had to do it. However, if it did, it was also an emerging country, including Korea.

I was a little worried about that........

Cho Min-woo is out of luck.

“If you think the problem is getting worse, you can say it again right in the middle. ”

“Very well. I'll take that offer. ”

“Excellent.”

No one expected it.

The important thing is that Bernanki accepted Jo Min-woo's offer.

He soon announced one thing in the press.

Within the year, the FRB is reviewing exit strategies. But I'm not sure yet. It should be consistent with our unemployment rate guidelines. But if you think the game is good enough, we're going to do a review of the exit strategy.

* * *

The US exit strategy is nothing else.

One way to overcome the economic crisis is by lowering the interest rate close to zero, and then dropping unlimited dollars.

Thanks to this, the currency fluidity dropped rapidly. As it did, the whole world began to recover only when the flow of capital was drying up.

But this was only artificially paid.

If the interest rate goes up, things will be different.

The dollar that has been released so far has surged towards high interest rates.

It was FRB.

Then, the weak flow of money had to collapse.

Among emerging countries, Brazil, India, Inni and others.

These sides are vulnerable to extreme devastation due to the weak flow of funds.

Korea was no different. Especially as South Korea is a foreign export country, the decline in the currency flow of these Asian countries could be severe.

For example, the exchange rate fluctuated as 10% of the stock prices in Inni, Philippines and Thailand fell. It was a deteriorating phenomenon.

In particular, Thailand's stock price dropped by close to 20% in just one week, and the dollar quickly left.

Thailand's exchange rate has reached an extreme level of devastation with over 30% spikes. As a result, the Korean Forex market, which was not prepared, was also compromised.

The biggest problem was the real estate bubble.

A sudden 10% fall in real estate prices caused chaos.

This rapidly increased the number of real estate auctions.

In just one month, 3,000 apartments went to auction.

The book panicked, jumping around and running.

But there was no way.

It is true that the forex reserves are stacked. The problem has changed as short-term bonds have slipped away to close to $50 billion.

Suddenly, there was a shock wave.

Because of this, Cospi fell to 1,500 points.

The whole country was in a commotion because the exchange rate was skyrocketing.

Eventually, I urgently sent someone back to Jo Min-woo.

“Council, Chairman, I need your help. ”

“I don't have any money. ”

“No, I said 200 billion dollars. ”

“It needs to be invested elsewhere. When I break it, I get a pretty good penalty. ”

“Sir, the country is on the brink of bankruptcy! ”

Cho Min-woo pretended to think for a moment and made a small offer.

“Excellent, then let's review your previous offer. That's 200 billion dollars. Is that enough money to disrupt finances? Okay, even more so, the national debt is going to be about a trillion dollars. What do you think?”

“Phew, I'll look into that again. ”

“Good!”

Eventually, the paperwork was forced to review Jo Min-woo's proposal again.

Among them, the exchange rate fluctuations continued.

Soon I went to the State Conference.

There was still quite a rebuttal.

But the situation was not so good.

Preventing the crisis was the first thing.

At the end of such arguments, the conclusion was also decided to listen.

* * *

Cho Min-woo sent $200 billion shortly after signing a statement recognizing it as extraterritorial in relation to the island of M Man-made.

He saw that it was over and did not look on the outside.

However, shortly after the number of applicants disappeared, I got up from my seat and cheered him on.

Hooray! Hooray!

“....... ”

Both chiefs glanced at him and grumbled.

I said, "Don't drink the water. I don't know what this is. Do you know how much money we've spent so far? You buy FRB bonds, sigh, sigh. ”

Cho Min-woo grumbled.

“Don't worry too much. You don't have any money. ”

“That's not what I said, is it? Whose son's name is 500 trillion? ”

He admitted to this, to be honest.

“Of course, I know a lot. But doesn't that M raincomb have a home? That's our paradise. Utopia. Nobody interferes with anything there. You don't even have to pay taxes. ”

“Ugh…"

As she continued to complain, she told me one thing.

“Chief Yang's apartment is there, too. Do you still not like it?”

“My apartment? But I don't have that money. I heard that 50 acres of apartments over 50 billion people live there. How do you buy that? ”

“There will also be a 30% discount on interest-free loans for employees. ”

“Chairman, you really are too much. ”

“Hahaha, I'm kidding. In fact, I'm going to give you one for free. ”

“Yes? Are you sure? ”

“Of course. It's Utopia in Raincomb Bay. If necessary, we will leave only the core personnel, and our existing employees will relocate to Man-Made Island in the future. ”

“! ”

The rest of them were furious, including both of them.

It was really unexpected.

Everyone's heart palpitated.

In a way, the island of M was like a kingdom.

There was no government that studied, no taxpayer.

In a way, it was like Utopia.

But there was a problem.

‘But the problem is that the owner of the M raincomb is you. ’

* * *

What Bernanki said was really unexpected.

Thanks to this, the whole world economy is in full swing.

The South Korean government urgently spent $200 billion from Cho Min-woo to prevent short-term foreign exchange.

Then the crisis seemed to be subsiding.

But it was Bernanki who went back then.

The economic situation in the world is not good yet. So this year we're going to suspend our exit strategy. That's the same for next year. Even with visible changes in diarrhea, the FRB interest rate will maintain its current interest rate.

Just this one word.

The chaos that had risen quickly subsided.

The most bizarre thing about this was the South Korean government.

He urgently received $200 billion from Jo Min-woo, but in the end, he was going to hand M Raincomb over completely to Jo Min-woo.

It exploded, but it was too late.

However, Cho Min-woo was different.

Soon after he had his own kingdom, he headed straight for the artificial island of M. After arriving using an existing M-enhanced suit, you slowly climb down onto your mansion.

At that moment, the water in the pool at the center of the mansion sank and split into two sides. Soon, I slowly went down the visible passageway and arrived at the bottom.

A few fixators protruded from the perimeter and secured both sides.

Cramp.

Cho Min-woo slowly walked out of the center of his chest.

Soon, M suits walking down the stairs slowly became smaller, revealing his appearance.

His face was slightly reminded.

A young man appeared next to me.

“Congratulations, Chairman. ”

“Oh, good to see you, Emma. But you're quite fond of him. ”

“Of course. I don't need to see that annoying tax official. ”

“Are dogs bothering you here? ”

“I like to check my tax evasion, but I can't breathe when I watch it. Sometimes I want to use the M-missile to make it into powder. ”

“Well, you can't do that. ”