Wall Street of the third generation chaebol

＜ shock. (2) >

“The Dreadnought Fleet observes one cruiser fleet of the Spanish Navy. We are going into a state of warfare.”

wireless telegraph.

In 1898, the 50km radio telegraph was invented and the US Navy introduced the radio telegraph for military use for the operation of the current dreadnought, which has a range of up to 100 km.

In the newly established Naval Ministry’s Communications Command Office, all the high-ranking officials remaining in the Naval Ministry were gathering, including field-level officers as well as general-level officers.

“Huh… I don’t know why I’m all shaking.”

I clenched my fist.

Secretary of the Navy John Long and Secretary of War Roosevelt were looking down from the office on the first floor from the second floor of the communications room.

This novel was posted at https://readwn.com

On a gigantic map erected on one side of the Jokjok wall that flowed through wireless telegraphy, high-ranking officers calculated the figures and painted the situation of the war.

“Everything will be fine.”

I was looking down at the control room next to the ministers as a naval and war advisor. Roosevelt pressed his shoulder to my side.

“How can you have a confident face? I don’t think that even if I listen to the description of the dreadnought class, it will show off so much power, even if it makes my ears sting, but it will still have an overwhelming advantage over the Spanish Navy, but if it sinks, it’s a worldwide disgrace.”

“That’s why we are testing only inside the military without any reporters.”

“……shit. The keynote of this war is yes, the keynote. Because of the previous scandal, even if only the letter P appeared in the media, the generals would shudder.”

I ranted to Roosevelt, but my heart was pounding in my heart. The reason that Admiral Fisher of the Royal Navy became convinced that the dreadnought class would work in the original history was when he saw the naval battle of the Russo-Japanese War. Especially the Battle of Tsushima.

The Battle of Jutland is also worth referring to, but it was a great battle in which 44 Dreadnought-class ships were deployed. It’s a bit different from the clash between the cruiser fleet and the dreadnought fleet like this one.

In other words, there has been virtually no battle in which the dreadnoughts ruled the battlefield purely.

Ti Dick Ti Dick-

Everyone was silent at the sound of a small beep in the communication room. In fact, since naval battles were commanded from the bridge of the flagship, the communication command room was in a position to just listen.

“….!!!”

The communications officer who was receiving communications on the first floor was astonished.

The officers who were nearby rushed in, and the murmur began to grow louder. The communications officer, who was receiving the communication, hurriedly scribbled the telegram on a notepad and ran down the stairs to the second floor.

We held our breath and watched the scene.

“Approximately 3 minutes of observation…”

click.

I folded the pocket watch and put it in my arms.

Roosevelt clasped his shoulders and couldn’t take his eyes off my pocket watch.

He murmured as if possessed.

“no way…..”

tang- tang- tang-

As the sound of climbing the iron stairs drew closer, Roosevelt’s eyes turned to the communications officer. The communications officer was panting as he gasped.

“I… to whom…”

“…pass it to Roosevelt.”

“yep!”

🥳-

Roosevelt hijacked the telegram from the communications officer. Roosevelt skimmed through the telegram, then suddenly lifted his head and closed his eyes.

In an instant, I was enveloped in a growing anxiety.

‘Did it even sink due to a design mistake?’

“Detroit…”

“Yes, why?”

“The cruiser fleet…”

“Yes.”

squishy

Roosevelt crushed the telegram paper with force.

“The cruiser fleet of the Spanish Navy observed in the Caribbean has been wiped out. And that in just three minutes.”

“…!!!”

“The ship you built worked as expected!!!”

“this.”

“Yeah, our dreadnought won. You f*cking bastard!!!!

wide-

As Roosevelt raised hurrah and started screaming, the communications officers on the first floor frantically threw Jeongmo into the sky and shouted without mercy.

-……Woah aa!!!!

– We won!!!! Dreadnought won!!!!

– Hope of the United States of America!!!! The god of battle has arrived!

– Whoaah!!!!

– It’s a victory for America!!!!!

“We have won, you idiots!!!!”

-Waa!!!!

Knock Knock Knock-

Roosevelt grabbed the railing and swung like mad, waving his fists and roaring. Navy Secretary John Long sighed and leaned against the wall.

He had some health problems to blend into the madness of this roar, so I followed him, leaning against the wall.

“How is it? The feeling of seeing the goddess of victory with your own eyes.”

“Haha, that’s great. The day will come when the U.S. Navy will have such an edge. The fact that the cruiser fleet evaporates in three minutes is proof that the Spanish War is now over. after.”

“Congratulations.”

“…as a war advisor, you played a big role. Just like the goddess of victory gave it to you.”

“It’s overrated. Haha.”

Secretary of the Navy, John Long, smiled as if he had just relaxed, and opened the door to the second-floor office.

“I’m a little tired, so I’ll go in. If anything happens, report it to me.”

“Leave it to me.”

“Yes, please.”

bang-

The naval minister closed the door and went inside.

Roosevelt was still roaring with the officers.

It was loud enough to make my ears explode, but I didn’t hate it either.

‘This is just the beginning.’

I looked down at the communication command room on the first floor outside the railing again. The dreadnought’s activity had not stopped yet, and the marks of the enemy fleet were starting to appear on the large map again.

“Yeah, go ahead and hit it. I will follow soon.”

It is just the beginning of what will begin from now.

I curled up my lips.

“Fire all bullets!!!”

──────!

bang-

The dreadnought’s former main gun blew out. The trajectory of the shells that colored the sky stretched out toward the cruisers of the opposing cruiser fleet, and rain of flames poured down in a certain range like a meteor shower.

shoot-

The speed of the dreadnought, which consists of a steam turbine and a three-axis propellant, is 21 knots. It traversed the Atlantic Ocean, operating at a speed significantly higher than that of a cruiser.

──────!

And the exploding cruiser fleet.

A cruiser engulfed in flames with a hole in it from a blast of shells, set fire to a coal warehouse and exploded. Sailors were turned into piles of charcoal without even jumping into the sea.

From the bridge of the flagship USS Dreadnought, Commander Sampson held up a telescope and observed it.

“Four cruisers have already been destroyed.”

“With this, most of the cruisers of the Spanish Empire stationed in the Caribbean would have been buried.”

“I still can’t be vigilant. How do you know if they will lead the battleships from the mainland?”

Commander Sampson had alerted the officer with his seemingly wary remarks, but inside he was thrilled with the power of the dreadnought.

Hit and run.

Typical hit-and-run tactic.

However, as the dreadnought began to use it, it evolved into a tactic of annihilation and retreat.

Except for the escort, everything became cumbersome.

So, with the exception of the Dreadnought Fleet, the rest of the cruisers, destroyers, and battleship fleets turned to observations of the Atlantic and Caribbean Seas.

It was a tactic that the found dreadnoughts went and destroyed them.

captured?

All Siesta bastards should be buried at the bottom of the sea. What the hell is a capture?

The military budget will be generous. It was only sinking.

“Communication officer. You put the communication in your home country. Should we turn around the fleet like this and return to Hampton Road? if not……”

chuck-

Commander Sampson read the note the officer had handed him. The amount of coal remaining is sufficient. The supply line is still alive and the Caribbean is already America’s home.

If it goes like this, it won’t matter much if you go straight.

“Will we continue the operation to the Spanish mainland?”

***

“Detroit Director, I have been waiting for you.”

British Embassy in the United States.

A Benz crossed the front door of the embassy and entered the interior. As I got off the Mercedes, I immediately entered the embassy and was able to meet Barclays executives.

The British ambassador who arranged for us alluded to me.

“Is the USS dreadnought useful?”

“Can’t you tell just by looking at how I ran? One o’clock is urgent now.”

“Yes, we have a special room reserved for VIPs. Let’s go.”

All I heard was that the dreadnought had turned all the old battleships into scrap metal. I never imagined that the cruiser fleet would be annihilated within three minutes of being observed.

As a result, the hunt for the dreadnought was proceeding rapidly, and it was not long before the embargoes of the Ministry of War and the Ministry of Navy were released.

“Me too.”

“…you are clearly a treasure trove.”

“Yeah, let’s go the American way. Secretary to the Minister of Finance. Today, I attended as his representative.”

“It went well. Things are going fast right now. First, we will stop buying pesos.”

The purchase of pesos.

As we have signed a large amount of currency swaps with the Bank for Settlement of Japan and the Bank for Settlement of China, we also prepared the peso appropriately. The peso short sale contract was signed with this as collateral.

However, the amount of pesos sucked by the Japanese and Qing dynasties was larger than expected, and the value of the peso was increasing with each purchase.

The peso is a non-convertible currency.

This novel was posted at https://readwn.com

Once you climb, you can climb endlessly.

“At this point, compared to before the war, the value of the peso is about three times higher. But these are all false figures.”

As Wall Street bought the peso, the value of the peso continued to rise.

But this is a time difference trap.

No, it was a trap implied by the currency swap. However, the Barclays executives and the Treasury Secretary’s representatives seemed a bit apprehensive.

“Can you explain a little bit?”

“Yes, if used safely, currency swaps have the effect of keeping each country’s foreign exchange reserves safe and preventing currencies from stagnating in trade, but they are derivatives from the beginning.”

The three major underlying derivatives.

Futures, options, swaps.

In other words, if swap is misused without regulation, it will become a bomb maker that will build up a risk equivalent to, but not as much as, the CDO.

Above all, the currency swap had one fatal side effect.

“A currency swap is a contract for the majority of future currency exchanges. However, when the swap is signed, a kind of bond is created that symbolizes that money. Do you know what this means?”

“….!!!”

“Yes, currency swaps. It is a currency that has been exchanged until it is established, but has not been exchanged.”

Simply put, even if you make a currency swap like crazy, it will not be applied to the exchange rate right away.

This novel was posted at https://readwn.com

Obviously, there are thousands or tens of thousands of currency transactions, which means that there is virtually no change in the exchange rate.

There is no visible phenomenon right away, so it is insensitive even if a currency swap is made.

You will be deceived into thinking that it is safe.

There was no big difference between continuing to make swaps in such a state and overusing CDOs.

In this way, the swap contract is signed again with the money to be swapped in the future.

“You end up making a swap with the money you don’t have.”

“…!!!!”

“So now, Spain’s peso is a shame that it’s overvalued, it’s all a bubble, and you can think of it as a state in which the tulip wave of the past has been replaced with the peso.”

Make a contract with no money.

This in itself is a bubble.

All risks are postponed to the future.

The currency value of the peso is rising only by benefiting from the trade balance without risk.

However, if Spain loses, the risk will come all at once and the bubble will burst.

“So…what do you want from us?”

The Deputy Secretary of the Treasury of the British Empire asked me. then what can i do

Simple.

To cause a shock in the peso, all you have to do is remove the pedestal that supports the bottom of the peso.

“Right now, the Bank of Barclays wants you to exercise a call option on its bonds to the Bank of Spain and collect the gold reserves of the Spanish Empire.”

huge gold reserves.

The decisive factor in maintaining a stable exchange rate for the Spanish peso.

The international community’s anticipation that it could return to gold was acting as a breathing apparatus for the Spanish peso.

But what if you collect the gold reserves?

The pupils of the Barclays executives shook greatly.

“no way.”

“Yeah, if the peso goes down, the debt you lent to Spain will snowball.”

A loan given to the Bank of Spain by Barclays Bank with funding from Lloyd’s Insurance Syndicate members. The total amount of armaments used to fund the colonial rule and to rearm the Spanish military.

The collateral against him was Cuba and the Philippines, but since the defeat was confirmed by the United States, the collateral value was oxidized to a handful of ashes.

I raised my index finger.

“Don’t worry, there will be no failure to collect Morocco.”

Haven’t even started yet.

***

Madrid, Spain.

Spanish Bank.

“Sorry, I’m sorry. The head of the bank is not in the bank right now… Aww!”

“Excuse me.”

In accordance with paragraph 5 of the Hague Convention.

In order to fulfill the obligation to perform the contract in Paragraph 4, the debtor does not have the right to prevent the debtor’s compulsory collection in the international banking business, and gives the creditor the force of compulsory collection.

It enforces obligations under international treaties and does not require a warrant from a judge of the International Court of Justice.

It is a clause on forced collection twisted by the imperialist desires.

The officers of the Royal Navy, disguised in black suits, forcibly pushed the guards of the Bank of Spain away, and Barclays officers, who were waiting, attacked the inside of the Bank of Spain.

“No, stop it!!!”

This novel was posted at https://readwn.com

On the top floor of the Bank of Spain, the bank manager pointed his head toward the first floor and shouted a whale whale, but it was already too late. Royal Navy suits and Barclays officers smiled and stepped down the stairs to the top floor.

bang! bang! bang!

Black leather gloves knocked on the thick iron door.

“Boss, I know everything inside. If you open it up gently, I promise you I won’t handle it harshly.”

“……”

“It’s no fun if you come out like this. It has already been over a week since we notified them, but a secret letter has arrived saying that they are escaping to our Barclays side.”

“……”

“It’s all good. Just give me the key to the safe. Then we will take it all on our own.”

“You bastards!”

Bump-

The head of the bank roughly opened the door and grabbed one of the most gentle-looking executives by the neck and robbed them.

Awkward-

“How do you say you guys eat up all the gold you have collected for the reconstruction of the Spanish Empire!!! The Spanish Empire was not yet defeated. You haven’t lost the war yet!!!”

“Bank chief. First of all, from this neck…”

“Why the hell are you guys so desperate to keep Spain from ruining it!!! If we wait, will we be able to pay it back!!! Please come back!!!”

“……”

puck-

I couldn’t hear it, so I unwrapped my neck.

He seemed to have grabbed me by the collar, who came in mixed with Barclays executives because he looked the youngest, but I got the opponent wrong.

As I looked down at the president of the Spanish bank coldly, he widened his eyes.

“Yes, you boy.”

There was nothing more to see with the bank manager anyway.

As I beckoned, the guards came and waited.

“Take him out of the bank. I took a peek when I was grabbing him earlier, and he has the key to the safe in his arms.”

“….!!!”

“Yes, sir.”

“Come on, wait. let this go Let go of this, you robbers! Aww!!!”

The head of the bank, seized by the officers of the Royal Navy, vigorously resisted by shaking his arms and legs, but the wretched hands of the Royal Navy managed to steal the key.

I dressed neatly and then blew my nose.

“Come on, let’s go check it out.”

click-

The gold reserves were literally full.

When I saw the result, I was more proud than I expected.

I began to lead the naval officers while holding down the corners of my rising lips.

And that day, the Bank of Spain’s gold reserves were fully opened and seized by the hands of Barclays Bank and our Detroit Investment Bank.

bang-

At the same time, the Spanish mainland.

After clearing the Spanish navy off the coast of Galicia, the U.S. Navy landed the Marines and dug trenches to build positions.

I transported gold by wagon train to Galicia. As an escort, officers of the Royal Navy followed up with other wagons.

hehe-

The wagons stopped on the shores of Vigo, Galicia, and as I got out of the car, Commander Sampson greeted me.

“Haha, I got the call, but I’m sure we’ll meet on the real Spanish coast.”

“Long time no see. Commander Sampson. You must be an admiral now, aren’t you?”

“Heh heh heh!! Admiral. That’s a good sound.”

Admiral Sampson laughed with satisfaction.

But soon he smiled and looked at the carriage we were riding in.

“That’s what we have to carry…”

“Yes, they are gold bars from the Bank of Spain.”

“Haha, there will come a day when we will be able to transport gold bars to armored cruisers. In life, all sorts of things happen.”

“Can you move it to the cruisers you have now? Even if it looks like that, when you take it out of the wagons, it is quite tonnage.”

“Enough. don’t let it be loaded at once hey you sleep Come here for a second. Yes, you.”

As Admiral Sampson called and whispered to his lieutenant, the Marines who were building the camp rushed in, pulled gold ingots from the wagons and loaded them onto armored cruisers one by one. As the gold bars were moved from the wagons to the cruisers, I spoke to Admiral Sampson again.

“It seems that you have a lot of bad feelings towards the Spanish Empire in your home country as well as beating Galicia.”

“Yeah, especially the War Department is backed by evil.”

Galicia.

Along with Catalonia, it is a region infested with Spanish separatists. They are yangbans who put up a bloodline around their neck to make Galicia independent, but Galicia was bombarded by the Spanish Empire’s war?

It was good in his eyes that he would go into a bloody struggle for independence at any moment.

“We plan to stay here for a few days and then return to the US mainland. are you?”

“I plan to return to Wall Street with another cruiser with gold bars.”

“is it.”

“Yeah, oh my.”

I brought out the question that suddenly popped into my head.

“When will the embargoes of the Ministry of War and the Navy be lifted?”

“It will be freed by the time you get to the mainland. But why?”

“no.”

I raised the corners of my lips.

“I was just curious, so I asked.”

The bomb went off right after I arrived in the US with Spanish gold bars.

When the news that even the navy of the Spanish mainland was deleted by the USS dreadnought and the news of the defeat of Spain start to flow through the media, from then on, it only rains nonstop.

Spain’s defeat. and.

The world will be shocked by the appearance of the Dreadnought.

The wave was unpredictable.

and.

Before the news of defeat broke out, I had everything I needed to bring to the Spanish Empire.

Timing was once an art.

＜ shock. (2) > end