Investor That Can See The Future

Chapter 495

Tiancheng Trading, the ninth largest Chinese company, went bankrupt.

Tiancheng Trading, which started as a small general trading company, expanded its business through an octopus-based business, driven by China’s increase in exports and real estate development boom, to include logistics, mines, automobiles, and ports.

While the company grew rapidly in size, it was hardly making any profits, but as the global economic downturn overlapped, overseas investment losses increased like a snowball.

Tiancheng Trading, which had been hiding it through accounting fraud, was exposed through this crisis. The amount of insolvency revealed so far alone exceeded $7 billion.

Since Tiancheng Trading is a de facto state-owned company with a 61 percent stake in the local and central governments, I thought the government would provide support, as it has always done.

However, the Chinese government gave up the support, and Tiancheng Trading went bankrupt. In the aftermath of this bankruptcy, two banks that could not collect their loans went bankrupt.

This shows the problems of the Chinese economy as it is.

Corporate performance continued to deteriorate even if liquidity was supplied due to overcapacity investment, and if companies that reached their limit went bankrupt, the banks that provided loans would also go bankrupt.

As the series of bankruptcies became a reality, rumors spread that the Industrial and Commercial Bank of China (ICBC) could go bankrupt.

Industrial and Commercial Bank of China is the largest bank in China and the largest bank in the world. If it goes bankrupt, a shock that cannot be compared to the bankruptcy of Deutsche Bank will strike the world.

In effect, it was the collapse of the Chinese financial system.

The Chinese financial authorities declared their resolve to prevent bankruptcy no matter what, while cracking down on the media and the Internet, but no one believed the word.

* * *

The series of bankruptcies of Chinese companies and banks following the Philippines’ moratorium declaration was enough to remind us of the Asian financial crisis.

In Korea too, fears of the IMF crisis hit the stock market, and the KOSPI fell 7 percent and the KOSDAQ 12 percent, and a sidecar was triggered.

The dollar was running out like a low tide, and there was an emergency to secure the dollar, regardless of whether it was a corporation or a country.

I got a call from Henry. After traveling through China and Europe, he went back to the Golden Gate headquarters on Wall Street.

[Speculative capital that has left the Philippines is moving to China all at once. Sooner or later, an attack on the yuan will begin.]

“What is your goal?”

[We will depreciate at least 30% from now.]

The yuan was already down 20 percent from its highs. You’re going to attack the foreign exchange market and cut it by another 30%?

In a way, speculative forces are not artificially devaluing the yuan. They are just taking advantage of this situation.

The values ​​of currencies such as Turkey and Argentina, which have already declared defaults, have plummeted to less than half. There would be no law prohibiting it from being the same in China.

The problem is that China has the second largest economy after the US. A halving of the yuan meant that all assets in China, including stocks, bonds and real estate, would be cut in half.

Conversely, for the Chinese, the price of all foreign products doubled.

When the yuan plummets, the currencies of emerging countries also depreciate.

Corporate and bank credit ratings deteriorate, financing costs rise, and dollar-denominated debt rises in an instant. This will further accelerate the bankruptcy of companies and banks, and will lead the global economy to the abyss of stagnation.

In the process, the speculators take astronomical profits, and then pick up the cheap assets. And in exchange for lending money to countries in need, they demand the opening of financial markets.

Things like conspiracy theories were happening now. In order to buy time, someone has to step in and stop it.

Hearing my words, Taek-gyu nodded his head.

“Is that someone us?”

* * *

A new product presentation was held at the OTK Company headquarters.

Kang Jin-hoo and Professor Kim Ho-min decided to appear together. Although it was not disclosed in advance what kind of product it was, reporters from inside and outside the country flocked like a cloud.

Kang Jin-hoo looked around the reporters and said:

“The reason I have brought you all here is to present a new product.”

Next, Professor Homin Kim appeared, and presented the principle and performance of the JN battery by displaying a PPT.

Reporters were astonished.

According to the announcement, this is a new technology that will change the world. However, the atmosphere was reversed when the main ingredient was geratinium.

As IT and battery-specialized reporters gathered, most of them knew roughly what geratinium was, and reporters who did not know quickly searched for data.

“Currently, Seoseong SB is preparing for production. Sales will begin as soon as the production line is ready.”

As soon as the presentation was over, the reporters raised their hands in unison and asked questions.

“Isn’t geratinium more than four times more expensive than gold today? It’s over $200 a gram, so you’re making a battery out of it?”

“Aside from economic issues, where are you going to get geratinium?”

“Is mass production really possible?”

Jinhoo Kang replied as if he had expected such a reaction.

“Someone else will tell you about that.”

As soon as those words were finished, another person appeared in the presentation room. He was the CEO of Space Z.

Allen Eberhart told reporters surprised.

“We will mine geratinium from the moon and bring it back to Earth.”

At those words, all the reporters were at a loss for words.

But Allen Everhart took her explanation seriously. When he talked about his specific plans to send a robot capable of exploration and mining to Pat Phoenix, the reporters’ expressions changed little by little.

In front of dubious reporters, Kang Jin-hoo said with a confident expression.

“JN Battery will change the world in the future. As soon as the geratinium mine is confirmed on the moon, we will start selling it immediately.”

* * *

[OTK Company, JN Battery Announcement!][Allen Eberhart makes a surprise appearance at the presentation][Professor Homin Kim succeeded in developing JN battery following OTK battery!][Jinhoo Kang, JN Battery is the new technology of the future][Space Z launches Fat Phoenix next month][How to execute ‘Moon Mining Project’?]

The announcement of the JN battery mass production plan was enough to shake up the world.

Companies rushed to inquire about OTK Company, and both the media and the Internet talked about JN Battery all day.

-What is a JN battery? In the past, it was called OTK battery after the company name. This time, it looks like it was named after Ji.

– Did you not watch the presentation properly? The main ingredient is geratinium. Geranium is a JN battery with the element symbol Jn.

– Wow! Really crazy! Instead of lithium ions, you slap geratinium?

– Haha The cost of batteries alone to make one car is over 10 billion. What kind of idiot buys this?

-This is when the same amount of battery is loaded. Even with only one tenth of that, it can travel 2,000 kilometers.

– Still over 1 billion?

– That’s what the current market price is. If you mine geratinium from the moon and bring it back to Earth, won’t the price drop sharply?

-Hey, don’t you think about the cost of bringing it from the moon to Earth? That would be more expensive.

-Since the price is the price, it will be used first in fields such as aviation, space, and medical care rather than electric vehicles, and then it will become popular when the price goes down.

-If that performance is true, then there is no need to worry about the battery in the future. Smartphones and laptops can be used for up to a month on a single charge.

-In the future, subways, trains, ships, and airplanes will all be powered by batteries. One battery would do it all.

-Isn’t that about when geratinium was mined on the moon?

– How much is that technology worth?

-If what Jinhu Kang said is true, wouldn’t it be more than the value of OTK Company so far?

* * *

The announcement of JN Battery brought a huge aftermath.

All the media covered this as the main news, and there was a debate here and there over the feasibility of this new technology.

Global stock markets also temporarily rebounded on expectations of the advent of new technologies and space development. But it didn’t take days for this mood to reverse.

Experts who appeared on TV expressed negative opinions all at once.

“Geratinium used in JN batteries is 99.99% pure. Even if geratinium is mined for free from the moon to the earth, the cost of refining alone is no longer economical.”

“Technology does not end when it is made. The problem of supply of geratinium, yield, price, etc. must all be right before it can be commercialized.”

“It is true that there are rare resources on the moon, including rare earths. But where is it buried, and how are you going to mine it? The surface area of ​​the moon is 37.93 million square kilometers, about one-thirteenth of the earth’s area. It will take at least several decades to explore them all. Even now, new oil fields and gold mines are being discovered somewhere on Earth. How would you rather find it on Earth, than on the moon?”

“The mining of lunar resources is bullshit. In theory, anything is possible. It has already been proven through experiments that humans can be sent to Mars. It is also quite possible to make a settlement on Mars. But why isn’t NASA doing this? In practice, you never know what problems might arise. If anything was possible, why didn’t you do it until now?”

“It would be more realistic to say that I would rather make a battery out of mithril.”

* * *

[JN Battery, performance and stability not yet properly proven][Unclear whether commercialization is possible][Geratinium purity is key][Resource investment master Jim Lanners, lunar resource mining impossible within the next 30 years][An unrealistic unrealistic plan! What is the purpose of Jinhu Kang?][Former NASA Director Tom Calvin needs a closer look at the impact it will have on Earth before mining the moon… … ][Moon resources are human assets. An international consensus is needed… … ]

– Haha, so it is. I’ve known you since we talked about the moon.(Read more @ wuxiax.com)

– I thought I was crazy when I saw the presentation, but you were right.

– It’s amazing that there are people who believe in such things.

– They’re just selling drugs. What can’t you do with words?

– Allen Eberhart to make a settlement on Mars, or Gangjinhuna to mine resources on the moon. That guy is that guy.

– Saying that, you’re collecting a lot of money and doing your best.

– Where is the temperament of a cheater?

-Anyway, this time I can’t even call it Kang Jin-hoo~

Taek-gyu, reading the articles and comments, clicked his tongue.

“Did the Rothschilds do it behind the scenes too?”

The mainstream media continued to report that it was impossible, and the enthusiasm that had risen after the announcement quickly dissipated.

“As it is, when a new technology comes out, negative public opinion tends to prevail.”

This was also the case when cars and smartphones first came out. It’s definitely hard to believe just hearing the word.

Anyway, there’s a public opinion battle over there, and we can’t stand still.

If you believe even a lie, it becomes the truth. Conversely, even if it is true, it becomes a lie if no one believes it.

We, too, poured in our money and started a big advertisement about the launch of JN Battery. Jung Gi-hong, the PR team leader, ran around frantically.

It doesn’t matter if the mainstream media doesn’t properly write articles. There are many other means of publicity other than the media.

Regarding JN Battery, the interview videos of Professor Ho-Min Kim, Allen Eberhart, and Chairman Im Jin-Yong were sequentially uploaded to A-Tube, Face Note, and portal sites. People’s interest soared, and the number of views quickly exceeded 10 million.

I couldn’t miss it either.

I finished my makeup and stood in front of the prepared camera.

“Do I have to do this too?”

Taehyung nodded his head vigorously.

“Other companies are making a lot of fuss when they release smartphones with one more camera and a little higher battery performance, but we have to do something. If JN Battery is really good and you have the confidence to make it, shouldn’t the CEO directly appeal to the world? This battery is a JN battery. JN Battery is the best. Why can’t you speak?”

So far, let’s say

Ellie, who was next to me, asked.

“But why am I filming together?”

Taek-gyu said it was natural.

“Doesn’t that get more views?”

“… … .”