GBP Chapter 803: Buying the Real Estate Market
Chapter 803: Buying the Real Estate Market
It was only at this time that the South Korean government finally woke up and realized that their country had never been an ally of Old M.
But they are the food on other people's plates, the fat sheep that are temporarily fostered here and wait for them to grow up.
We just wait to fatten them up and then slaughter them for meat, but unfortunately, they understand and see clearly too late.
Now the time is ripe, it is time for a large-scale slaughter, and the butcher Old M is sharpening his knife and getting on the scene.
From this time on, more and more entrepreneurs, middle-class people, stock investors, and ordinary people began to commit suicide.
Some jumped from buildings, some jumped into water, some hanged themselves, and some took medicine.
From this day on, Xia Ran truly felt the cruelty of this crisis.
People started buying these properties in large quantities.
As long as it's a house and the price is low enough, Xia Ran will accept it and buy whatever she can get.
On December 4, the IMF issued an aid plan, saying it was willing to take the lead in raising US$55 billion to help rescue the market.
The first batch of funds is 350 billion US dollars, but the conditions must be in accordance with one's own requirements.
Everyone knows that the IMF is not a charity organization and is very ruthless.
Sure enough, the conditions proposed by these people were more and more stringent, starting with the idea of tightening monetary policy.
It is required to increase the loan interest rate from the original 12.5% to 30%.
This is definitely forcing these small and medium-sized enterprises to move to Sha.
Then they began to propose amending the bill to relax all rights of foreign capital here.
At the same time, existing banks and financial institutions in South Korea must be closed down.
In the end, the only banks and financial institutions that were not closed down were those with European and American capital, and the rest of the local banks and financial institutions were wiped out.
Even super-large integrated government-enterprise companies like LG and Samsung have basically become the property of European and American capital.
There are also a series of other conditions, which I will not list in detail.
Of course, this is something.
While others were discussing important matters, Xia Ran was working hard to purchase a house and a factory.
These large, medium and small enterprises, the middle class, and shareholders seemed to have suddenly fallen back into poverty overnight.
Because financial crises are accompanied by soaring prices and inflation.
Not only do the people here need to spend billions of won to buy food, they also owe banks hundreds of billions of won.
The number of unemployed people and the number of people committing suicide have skyrocketed.
In just a few days, it seemed that these people had no other choice but to flee.
As a result, Xia Ran has become afraid of going out on the street, because she may witness a suicide scene at any time and anywhere.
The feeling is different when you hear someone talk about it or read about it in a book and when you see it happen with your own eyes.
After seeing so many accidents and tragedies, Xia Ran could no longer feel happy.
I finally truly understood the saying: The business world is like a battlefield.
In the past, she just said it verbally, but this time she understood the value of these words deeply.
Other compatriots also felt particularly uncomfortable watching it, and some even said:
"South Korea is so developed, and yet they say they are being hunted, let alone our country.
I don’t even dare to think about it. If these capitalists set their sights on our country, will our people still have the power to resist? "
"Yeah, it's so scary and cruel. I never thought a country could go bankrupt so easily. It always feels like a fairy tale."
"It's so fragile and brittle that we couldn't imagine it. This is a country, one of the Four Asian Tigers."
Xia Ran understood everyone's feelings. If they hadn't experienced it personally, who would believe that this was true?
"Don't worry, this won't happen in our country, nor will it be allowed to happen.
What happened in South Korea is mainly due to problems with its own economic structure and policies.
It is also caused by poor supervision and corruption of financial institutions.
There are definitely external factors that have led to today's outcome, but the main internal cause is still themselves.
There was something wrong with them internally, and they were beyond repair.”
To put it bluntly, the economic situation is similar to that of Southeast Asian countries, and the trade deficit is too serious.
Basically, they rely on foreign loans to support the normal operation of the economy and superficial prosperity.
Of course, this is also related to the bursting of the economic bubble a few years ago.
Because most of their foreign investment comes from Xiaorizi.
When you have money in your daily life, there is nothing wrong with putting more money in these countries to make money.
Once its own economy runs into problems, it will definitely withdraw large amounts of funds to save its own market.
Therefore, the capital chain broke.
As for other international capitals, they are originally looking for profit. When you are doing well, I can add icing on the cake and take a share of the profits.
If they find that the economy is in a downturn or even completely hopeless, they will naturally run faster than anyone else.
They will immediately withdraw their investment and abandon the car to save the driver.
Because they are aiming for profit, just like Xia Ran now.
She came here just to make money.
No matter how much she sighed or mourned, it didn't affect her plans or progress at all.
Because this money is earned by either her, Xia Ran, or Wang San or Li Si, so it doesn't matter who earns it.
One employee said: "That's good, that's good. I was just worried they would point their guns at our country."
Xia Ran comforted him: "Don't worry, our country is fine. Even if something happens, we still have our company.
If necessary, we can also step in to help save the market.
What we have to do now is to continue to acquire real estate and try to gain more benefits in this showdown of the century.
Strengthen ourselves. Only when we are strong enough can we not be afraid of any external impact."
Also, there must be sufficient cash flow at all times.
But you must never rely on borrowing to develop, or you will end up killing yourself.
Xia Ran was not bragging about this, after all, all the gold in the Federal Reserve's underground vault was in her hands.
No matter who is short of money, she will never be short of money.
If she is forced into a corner, it is not impossible that she will "take out" some money from the bank here for emergency use.
"Boss, you're right, let's keep going."
"it is good."
"Then when should we pay back the money we borrowed?"
"Repay 10% first and see if it goes down or up."
"Row."
As a result, the exchange rate continued to fall in the following period.
Until December 23, the exchange rate between the Korean won and the US dollar fell to 1962:1, a record low.
When Xia Ran saw this situation, he thought, what are you waiting for? Pay back the money quickly.
So I paid back about 80% of the loan.
At this point, there are almost no banks to receive payments from, as they are on the verge of bankruptcy or have already gone bankrupt.
But Xia Ran still went through the procedures again, as she would not allow any bad debts to exist.
She repaid the money from the bankrupt bank to other banks, and what she wanted was a receipt for payment.