Reborn since 1993

Chapter 815 Kick the lame man’s good leg hard
Like countless scholars in the economic field in China and around the world, Zhu Zhiguang believes in America, including America's economic model, theory, and the so-called "spirit of contract".

Because America is now the world's largest empire and the maker of global rules and order, its model has certainly been "proven" to be correct.

Human beings like to sing praises for the winners. As long as they win, there will naturally be great scholars debating on the subject. Even operations that seem outrageous to the extreme in the eyes of future generations will be praised at this moment.

But when Li Dongling told Zhu Zhiguang the news from Lu Wenhua, he was stunned. He felt that the theory he had always advocated had collapsed!
Zhu Zhiguang really wanted to say that the news Li Dongling said might not be true. Isn’t America promoting globalization? Aren’t Koreans America’s allies? How could it just watch Korea die?

Why did those big American companies and Wall Street institutions suddenly withdraw from the Korean market and call back their dollar loans to Korea? Isn't this adding insult to injury?
And how come Daewoo, which is highly praised by countless domestic companies, is suddenly rumored to be going bankrupt?
What was even more shocking to Zhu Zhiguang's worldview was that he was somewhat shaken in his attitude towards America, and he still tried to stop Japan from saving Korea.

What the American finance boss said to Japan was almost a blatant threat. If Japan dares to save South Korea, America will have to deal with those people in the Japanese cabinet!
This kind of cleanup is a physical cleanup. The Japanese version of Jinyiwei, the Special Investigation Department of the District Prosecutors Office is the nightmare of all Japanese city government personnel.

Many important Japanese parliamentarians have fallen at the hands of the District Prosecutors' Special Investigation Department. This department is the minion established by America in Japan. Through it, they directly control the Japanese court. Anyone who dares not listen to the words of the suzerain country will be dealt with by America using the District Prosecutors' Special Investigation Department!

As for the resistance of those Japanese congressmen, what a joke! The control of the Japanese military is in the hands of Americans, not to mention the military bases throughout Japan.

It is rumored that South Korea is a country built on American military bases, but Japan is actually similar. There are one or two hundred American bases densely spread throughout Japan.

In Japan, America has the final say over the airspace of Japan, which means that Japanese planes must obtain America's consent before flying in Japan's air!

When the American financial boss said that Japan would not be allowed to save Korea, Japan did not dare to resist or go against the decision of its suzerain country.

When America stopped acting and was clearly about to harvest Korea, if Japan dared to make trouble, then America might really let some Japanese congressmen who dared to save Korea be hit by cement trucks driven by drunkards when they went out, strangle themselves in the bathroom, or commit suicide by shooting themselves eight times in the back...

Once Japan can no longer be relied upon, Europe will not dare to openly become an enemy of America. The entire South Korea will basically have no other way out except waiting to die.

All of this was beyond Zhu Zhiguang's imagination. His long-standing stereotypes about overseas and his worldview were impacted!
"I think there will be news in a few days, and then we will know whether the news is true or false!"

Li Dongling stood up and spoke to Mo Gaoliang, Zhu Zhiguang, and other senior executives of Dongling Hi-Tech.

No matter how much controversy there is now, it will not be long before the truth is revealed and it will be clear who the Americans, Anglo-Saxons and Hebrews are.

America is ruthless towards its so-called allies, not to mention its opponents. However, many people still have illusions about America, because as long as the knife does not fall on them, they will not cry out in pain!

Li Dongling felt a little regretful, not because the Koreans were going to be exploited. Americans were not good people, but how good could the Koreans be? They were both inferior and conceited, and would do anything for fame and fortune.

Just look at the Korean style. Even in the game of Go, a gentleman's art, people use all kinds of tricks outside the board. You can tell the character of the Koreans. Once the Koreans gain power, they are not much better than Americans at home. Due to historical reasons, they may even become more aggressive.

Just like Samsung's memory sticks in the past, they raised prices for the mainland market every few days, fires happened for no reason, and then they announced a production cut. They even wanted to use the price increase of memory sticks to make up for the losses of their mobile phone business in the country. This shows the style of the Koreans. When it comes to cutting the leeks in the domestic market, they have never been soft-hearted.

What Li Dongling regretted was that after the entire Korean country went bankrupt, companies such as Samsung, LG, Hyundai, and Daewoo all had a lot of good things, but Dongling Hi-Tech was unable to get them directly, which was naturally a bit regrettable.

……

Korea became the focus of Southeast Asia for a while. After Siam was shorted, whether Korea's won could maintain its exchange rate became the key.

Once Korea falls, the entire Southeast Asia, including Japan, even Russia, Eastern Europe and other places, will probably be ravaged by the vultures of international hedge funds.

Because, except for Japan, which has the ability to defend itself, the other regions have distinct characteristics, that is, they are extremely dependent on America and old Europe, and their own foreign exchange reserves are pitifully small. It is simply unreasonable not to be cut off. At this critical moment, the giant companies in America and old Europe suddenly and collectively withdrew from the Korean market on a large scale.

They claim that the Korean market is not a market of fair competition, that trade protectionism is serious, that tariffs are unreasonable, and that there is suspicion of market manipulation. Now what is the difference between these overseas giant companies using this trick and kicking a lame person's good leg?
It was almost a disguised way of telling everyone that America had given up on saving Korea. As soon as the news came out, the entire Korean stock market and real estate market collapsed instantly, and there was no power to resist at all.

Not only did America withdraw from the Korean market, but the three major American rating agencies, Moody's, Standard & Poor's, and Fitch International, also suddenly downgraded the credit rating of the entire country of Korea to negative B. The entire Korean national debt became junk bonds, blocking the possibility of Korea borrowing from overseas banks.

Which bank would dare to lend money to a country that has lost its credit rating and may go bankrupt at any time?
Even the Korean government bonds are in this situation, not to mention the international credit ratings of a number of chaebol giants, including Daewoo, Samsung, LG, Hyundai and other companies, all of which have been downgraded by the three major rating agencies in the United States.

The credit rating of Daewoo was adjusted to the lowest level. Moody's even announced to the outside world that Daewoo was facing risks, telling banks, insurance companies, and investment institutions around the world that Daewoo was facing huge debts and a huge risk of default. With Daewoo's cash and revenue levels, it was hard to say whether it could pay back the money...

After the three major rating agencies in the United States completed the rating, American banks and Wall Street institutions also announced in unison that in order to deal with the risks in Korea, they would stop lending U.S. dollars to Korea and would call back the loans previously provided to Korea, that is, they would recover the $120 billion investment from Korea!

After this set of smooth little combos, America has formed an encirclement against the Sticks, and then, America cut off the Sticks' reinforcements!
Originally, Nippon Benz was preparing to lend a helping hand to Southeast Asia, including Siam and Korea, where it had large investments.

Now Siam has collapsed. If places like Korea collapse as well, it would mean that all of Japan’s investments in Southeast Asia over the years have gone down the drain.

Moreover, doesn't Japan want to do the same thing as America?
If this aid helps Korea and other places to overcome difficulties, then in the future, these Southeast Asian regions will be dominated by Japan economically, and Southeast Asia may very well become Japan's backyard.

In non-war times, the benefits of this kind of economic colonization are equal to the benefits of war, and are more covert, but the benefits are greater.

Japan is constrained by the post-World War II world pattern and its island territory. Now that it has climbed to the world's second largest economy, its potential has reached its limit.

If Japan wants to go further now, it is not just an economic issue. If it can incorporate Siam, Korea, Singapore, Malaysia and other places into its economic territory.

With these little brothers in Southeast Asia, the entire Japanese economy may be able to get rid of the downturn after the Hiroshima Agreement and the bursting of the Japanese real estate bubble.

But how could America, which has already regarded South Korea as its meal, allow Japan to destroy its own meal?

When Japan just announced that it would provide 50 billion US dollars in aid to South Korea, South Korea's foreign exchange and stock markets, which had originally plummeted, suddenly began to soar.

Soros and other hedge funds were caught off guard, but just one afternoon, American Finance Chief Robert sent a special commissioner to fly to Nippon.

At the same time, American media such as the Wall Street Journal also promoted the Japan-Benz crisis theory, threatening that if Japan used money to save Korea, it would face the same risks as Siam. This was almost a naked threat.

No one knows what America talked about with Japan, but Japan later terminated its plan to lend 50 billion US dollars to South Korea on the grounds that the Japanese parliament did not pass a bill to rescue South Korea.

The entire South Korea has been officially besieged and turned into a "dead city", and it is almost only a matter of time before it is conquered by Soros.

The Korean stock market has completely collapsed, all stocks are falling, and foreign exchange has fallen by 47% in just a few days, and then fell another 22%. After the Thai baht, the Korean won has basically become worthless paper!
Korea, where the Miracle of the Han River was created by a group of chaebols, can be said to be a country made up of chaebols. The relationship between these chaebols and Korea is basically that of a relative of the country.

When Korea is prosperous, these chaebols are extremely powerful in Korea, but when Korea is in trouble, these chaebols are the first to suffer.

The first Korean chaebol to fall was Hanbao, the second largest steel group in Korea. It could not pay back the 60 billion US dollars that had already been overdue. Not to mention the Hanbao Group, the entire Korean bank does not even have billion US dollars in hand. What else can it do except bankruptcy?
The bankruptcy of Hanbo Group also marked the beginning of the bankruptcy of Korean chaebols. The one that had the greatest impact on the country was, of course, Daewoo, which owed US$497 billion in debt. When the news that Daewoo had defaulted on US$54.8 billion in short-term US dollar debts, which was basically equivalent to bankruptcy, reached China, the whole country was in an uproar!
(End of this chapter)