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“Express! Express, South Korea accepts the terms of the World International Foundation to avoid bankruptcy, but experts estimate that South Korea’s economy will go backwards at least 10 years!” On the streets of XG, the newspaper boys who sell newspapers are shouting loudly The big news today.

“South Korea is over!” A white-collar worker bought a newspaper and sighed after reading the news on it.

While Great-Thousand was fighting various lawsuits in the United States, South Korea was caught in a complete financial crisis. The fuse of this financial crisis was still our Mr. Soros, who was shorting After Thailand’s economy, it changed its target to South Korea and began to toss South Korea’s financial market.

Since September, South Korea’s banks went bankrupt successively. The Korean won against the US dollar fell from 989 won to 1,012 won, then fell to 1,033 won, and then continued to fall for several days, eventually falling below 1,100 won.

Soon, South Korea’s foreign exchange reserves were already less than 10 billion U.S. dollars. The South Korean government could only announce the abandonment of the control and monitoring of the foreign exchange market, and then the Korean won slumped, competing with Thailand.

Finally, all the stocks in South Korea went down wildly. 13 South Korean companies declared bankruptcy. In the end, South Korea announced on December 1st that it accepted the mediation of the International Monetary Fund and received a sum of RMB 58 billion in December. A rescue loan in US dollars.

But as a condition, South Korea must liberalize free trade and capital account restrictions, and reform the labor market and state-owned enterprises. Anyway, it is to reform its governance in accordance with the will of the West. South Korea has suffered an unprecedented blow. Ten years of development have all gone into nothing.

It is worth mentioning that, in order to be able to repay the money, South Korea started an unprecedented movement of patriotism and self-sacrifice.

At the call of the government, a quarter of the citizens participated in the movement. People lined up to exchange all the dollars and gold in their homes into Korean won. In this way, they helped the country accumulate dollars and overcome the foreign exchange crisis. So it is clear that the loan of 58 billion US dollars.

As a result, in less than two months, the government received 226 metric tons of gold and 2 billion U.S. dollars in foreign exchange, and the combined value reached 4.2 billion U.S. dollars.

Although these are still an utterly inadequate measure, they eventually helped South Korea to pay off the US$58 billion in loans owed in August 2001, nearly three years earlier than the original plan. This is what countless South Koreans say for a lifetime thing.

But then the media conducted statistics and found that the donations were basically ordinary people, and the Samsung/Three Star, Daewoo, Hyundai and other wealthy families in South Korea also donated.

Although it looks like a lot, each family donated about US$1 million in foreign exchange.

But these are only equivalent to 1/10000th of their entire property, but the ordinary person donated almost all of their property, which made many South Koreans mourn.

Those who make money are the chaebols who will lose money, but they are humble and impoverished ordinary persons. It is simply sad to put all of their property on top of them to serve the country!

The affairs of South Korea are raging all over the world. At the same time, the entire Southeast Asia is terrifying Soros to the extreme.

On the surface, this is the financial crisis caused by Soros shorting the South Korea economy, but in fact Soros did not at all do too many things. He just pushed lightly, not even pushed, just revealed The idea of ​​shorting South Korea’s exchange rate will collapse the entire South Korea economy.

In the final analysis, this is a huge problem in South Korea itself. A large part of South Korea’s development is based on bank borrowing. This has led to an extremely high rate of bad debts in banks, and many banks’ loans are collected. not coming back.

When South Korea’s economy is booming, none of it seems to be a problem.

However, with the tightening of the economy, the bank was horrified to find that they had no money, and rats could run in the vault. Then when Soros was about to come, many South Koreans immediately began to want to exchange Korean won into Dollars, to avoid being pitted.

Of course, ordinary South Korean people do not have such a keen sense of smell. Those with such speed are South Korea financial circles, entrepreneurs, etc., so-called elites, they are such smart people, they are impossible to make themselves Losing money.

But it was precisely because of these so-called elites that Soros had not had time to do it, and the entire South Korea financial market collapsed on its own, which made Soros very depressed.

Because South Korea collapsed so fast that Soros didn’t have time to deal with it. In the end, he even lost a little money in South Korea, and he didn’t know who to talk about.

So, Soros is only the fuse of South Korea’s economic collapse. It is the South Koreans who killed the South Koreans. They are the South Koreans themselves and their elites.

However, this fuse has already scared the entire Southeast Asia region crazy. Now Soros looks like a demon in the eyes of the financial markets and financial management departments of various countries.

Unfortunately, they can’t deal with this demon, and they can’t even stop others from reaching out to themselves, because behind them is the United States, holding high the banner of fairness and freedom.

You can’t object to it. The big stick of being a US dad is to be a vegetarian!

So now the various countries in Southeast Asia are extremely afraid of Soros, especially in South Korea, they have collapsed. They understand that Soros’s eyes are bound to shift to other countries.

It is said that the relevant department of Taiwan immediately went to the United States and placed orders worth tens of billions of dollars. Singapore has relaxed some of the restrictions. Anyway, almost everyone is begging for the United States to let Soros let them go. .

However, their actions are all superfluous. In the eyes of true insight, these countries are impossible to become Soros’s targets because their money is not easy to make.

Soros has one and only one next goal, and that is XG.

Suddenly, the whole XG went up and down, and everyone was afraid of Soros’ arrival.

But the one who should come will come after all.

Time slowly entered the second half of December 1997. Fortune magazines in the United States were on sale normally. Customers were surprised to find that there was an interview with Soros, and Soros did it for himself in this interview. In defense, saying that they did not at all promote the financial crisis in Asian countries, but that they had economic problems in their own right, and that they just happened to happen, and it was not at all their fault.

This part of the interview looks normal, and Soros seems to be a little disturbed in his conscience.

But in the next second, when the reporter asked what other regions in Southeast Asia had economic problems that could burst the bubble at any time, Soros gave a name without the slightest hesitation: XG.

In an instant, this XG was deadly silent, and everyone in the financial world felt like a bolt from the blue, and XG was about to face its extinction!