Because I Live in the US 463

Chapter 463 – Independence

The fear grows.

[Korea Stock Gallery]
─Summary of reasons why shale stock is currently fucked.Txt
─The oil-producing countries are crazy haha
─Italian CDS premium soaring
─Current crisis, corporate bond default scale
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No, it becomes a reality.
We can see with our own eyes that the financial system is collapsing.

─Current crisis, corporate bond default scale
[Top 8 countries, $19 trillion of corporate debt default risk ‘bomb’.News]
It’s a dollar, not a won
The moment it collapses, humanity will return to pre-industrial revolution

└ 19 trillion bucks blah blah blah blah blah
└ Based on the current exchange rate, it’s more than 2 Kyeong…
└European countries have a lot of debt.
└ What are stocks related to the industrial revolution?

The impact of corona on the economy.
Now it is common to find it in articles.

The scale is also unusual.
Just looking at the numbers, you can feel the seriousness of the situation.

─Italian CDS premium soaring
[Italian 5-year CDS graph.Jpg]
It jumped more than 2.5 times in one month
It is the most indebted country in Europe and heavily dependent on tourism.
It is expected to suffer a fatal blow from Corona

└ What is CDS?
Author− It’s like an insurance product that gets paid if Italy goes bankrupt.
└They are over 140% in debt
└ I don’t understand why these bastards are G7 haha

Now it has turned into a national crisis.
This is the aftermath of the blockage of exchanges between countries due to the corona virus.

The tourism industry suffers great damage.
Developed countries will be shaken, but not to mention developing countries.

Korea Newspaper− “Chinese beverage makers default on dollar bonds… “Corona affects short-term cash flow”」
Fact News− 「Lebanon declares a ‘moratorium’ of 1.4 trillion debt due on the 9th」

The fact that it is not just a simple flutter is being proven.
Companies and countries that default are emerging.

I can’t even guess how far the evil impact of corona will be.
Among them, what raises the most concern.

─The oil-producing countries are crazy haha
Russia, Saudi Arabia, UAE
Large-scale oil-producing countries increased production on a large scale
Seems determined to kill US shale stock

└ (No! It’s so damn good! Con.Jpg)
└ Trump karma
└ Demand decreases, but supply increases
└ Doesn’t that mean oil producing countries are also screwed? Is it a game of chicken?

It was the oil industry.
A bizarre situation occurred in which oil prices were cut by ⅓ in one month.

The reason.
Slowing demand alone cannot be explained.
Normal market principles are not working.

─Summary of reasons why shale stock is currently fucked.Txt
1. Demand slows down due to corona
2. The oil industry needs to cut production to normalize
3. Rather, it started to increase production (?)
4. Oil-producing countries’ check on US shale stocks
5. Oil-producing countries’ cost of production is $10, while shale needs to exceed $36 to make a profit.
Summary: The game of chicken is right, but only the United States is a game of chicken.

└Is the American era over?
└ They just decided to sharpen their knives.
└ Political issues are also intertwined, so it doesn’t seem like it will end easily
└Gazua, the end of the world!

Oil prices renew their lows day by day.
It has no choice but to have a big impact on the stock market.

It’s not a normal thing at all.
Market panic is at its peak.
Investors who held a strand of hope.

─Breaking news) The call book is out.
[Overseas ELS ‘Top Unit’ Margin Call… Securities companies, emergency to secure dollars due to lack of collateral.News]
Margin call assholes haha

└ A call is a call
└Colchungs are thrilled haha
└ Answer the phone kkkk
└ Help me… Save me

Fall into a panic
Unpredictable situations happen one after another.

Bad news brings bad news.
The market has become a chaos of chaos.

─Incumbent at a securities company. Tell me the mood
1. Most of the derivatives of securities companies have been destroyed, and money is draining all over Yeouido.
2. No corporate bonds, new investments, or rollover bonds. Even if I pay the interest rate as requested, it won’t go out
3. Due to the soaring dollar, the amount of foreign exchange loss is gradually increasing
4. If the Nasdaq crashes further, there is a possibility of bankruptcy of securities companies, and companies will also go bankrupt due to corporate bond rollovers.
5. The US is trying to stop it by freeing money, but Korea is having a hard time doing that too
6. Everyone, pray. If it falls further, it’s the IMF.

└Thank you for letting me know
└ They say that they are implementing a system to defer trade, but it seems really crazy. Stockbrokers do their best
└ Then, if the Nasdaq breaks around 6000, you’ll be screwed.
└ Wow, you really are going to the IMF?

End of the world.
The future is unclear, and even the worst is imagined.

Stocks and bonds collapse.
Investors can only make one judgment.

-Everyone, you have to get on
[Inverse investor picture riding on Noah’s Ark.Jpg]
The profit and loss account foresaw a cataclysm
Only those who get on the ark called Inverse will be saved.
-Sonmen-

└ Sonmen
└ Those who still don’t believe in profit and loss, get out and die. I’ll die even if I’m alone
└A huge crash is coming soon
└?: The grandpa next door says there will be a flood, so the ark is being built.

A huge amount of money is drawn to short betting.
The short premium soars day by day.

Ding dong!

Investors looking for cash are also increasing.
If a securities company or a bank goes bankrupt, you won’t be able to find it.

“Customer, what is your reason for wanting to withdraw now?”
“It’s just that I’m going to find my money. It doesn’t matter.”
“If it’s for no other reason, we’re introducing you to good products. It’s good news if you’re interested…”

I am feeling it at the forefront.
Park Seung-joon, who is in charge of the window at a securities company, is dying.

Customers clamor for money.
It’s your job to stop it somehow.

“Is this safe?”
“Sure, customer! If you sign up now, we are also providing a free gift worth 200,000 won.”

Losses due to crashes.
Securities companies prepare for this by accumulating cash in the name of ‘debt loss reserve’.

They’re trying to get that cash out.
Special instructions come down from the top and are blocking it.

‘Still, the elderly are easy to soothe.’

Use various means.
I try to explain that it’s okay, and I try to ejaculate.

Then they usually listen.
This is because most of the people who came to the show were anxious after watching the news.

“Yes, go check it out!”

90 degree folder bow.
I let out a sigh of relief at the thought that I had accomplished one thing.

Ding dong!

But I can’t relax
As the stock market crashes, the number of such customers increases.

“Customer number 129!”
“Yes.”
“What did you come for?”
“I want to withdraw, but I can’t…”

Especially the ‘big hands’ are picky.
Rich people with billions, even hundreds of billions.

‘Looks like it’s just a general consultation.’

When you come, there is a fuss.
It is not a problem that can be ended on one’s own line.
PB or executive level will be attached.

I’m really sick of it even if I go through it just once.
I get a keen sense of why rich people are the best.

“Technical issues are not my responsibility. If you don’t mind, can I help you with the withdrawal yourself?”
“Please do so.”
“How much are you planning to withdraw…”
“One trillion.”

Such a sensation.
It rings loudly in my head.
However, he refuses to understand with all his might.

Because it is an impossible situation.
I just thought it was a joke.

———————————————+
『Lee Chan-wook’s account』
KRW 1,004,934,000,000
+934,934,000,0002 (+1,335.62%)
+——————————————–

It was right to face the worst truth.

* * *

Cash withdrawal.
It’s not as easy as you might think.

‘You might think it’s just a matter of going to the bank and looking for it.’

It is a common sense.
VIPs with tens or hundreds of billions are different.

What if they withdraw money?
This is because the amount of cash left in the bank is rapidly declining.

“Is there any part that makes you uncomfortable… Hehe.”

A 10 trillion won bank is not holding 10 trillion won.
Most of it has been reinvested.

‘So I’m begging you not to take out the money.’

The cash of each branch is between 200 and 300 million.
The head office is also not well-off.
Trying to prevent VIPs from stealing money.

The staff in charge is there to entertain, send gifts, and say hello.
If it can’t be solved.

“Is there a problem with me trying to get my money?”
“No, there’s no problem~ But if you say that you’re a VIP who patronizes our brokerage firm, and you suddenly leave, you’d feel sad… I hope you understand…”

Another person sticks.
I’m begging you not to withdraw some money.
Especially lately, it has to be tighter.

‘Looks like someone threatened Long Chi with a knife.’

The search for cash is delayed.
Employees as well as a man who appears to be an executive level show up and make a fuss.

The fact that this will happen.
I knew everything.
It is a position that the securities company knows the situation quickly.

“It’s okay.”
“Ah! Thank you so much for understanding…”
“They said it’s okay not just one or two securities companies. I have to withdraw money from other securities companies, so please do it quickly.”

What if you take cash out of the current situation?
There will be securities companies that go bankrupt without exaggeration.

Gulp!

Sweat pours down from his half-naked head.
My face is also pale, so I’m worried that I haven’t eaten something wrong.

‘It will be like that.’

The reason why the man in front of me is in trouble.
If it’s tens or hundreds of billions, it can end with just a few words.

It’s a matter of survival.
I have no choice but to stop it by dying.
It is a mud fight that is exhausting each other.

“Aren’t you saying that the cash situation is so bad that you can’t withdraw?”
“That, can’t it be, customer! Of course there is. Yes.”

It’s not fun for me either.
Not likely, it will definitely lead to legal battles.

‘Because it’s meaningful just to turn off the time.’

In that case, stock market instability may be relieved.
No, just tying up money is big.

I don’t want to be in that situation.
It is a specification to be swayed by securities companies any longer.

“Then please withdraw quickly.”
“It takes a lot of time. Would you really be okay with that?”
“It takes time? Then I’ll have to exchange it for dollars at this point. The exchange rate is preferential, right?”
“…”

Let’s play the truth a little bit.