Chapter 804 – Financial Sovereignty
Stock market.
For investors, every day is a bloody battle.
Todog, talk!
But what about ordinary people?
I am not interested.
Even more so recently.
“I heard that KOSPI plummeted?”
“Alpano.”
“Wake me up when 80,000 electrons are recovered~.”
Since the middle of last year, KOSPI has been in a downward trend.
The stock price just falls.
It was bitten off.
I don’t even want to see it.
It is natural for interest to fade away.
‘That’s right.’
The same was true for Kim Tae-gyun, an ordinary college student.
No, I have no choice but to add.
It wasn’t stocks or coins.
I controlled myself until the end.
Todog, talk!
That was right.
All the people who did it are just whining because they got kicked out.
“No, why is it like this?”
“Alpano.”
“Has 80,000 electrons recovered?”
It’s a good thing I didn’t do it.
I won’t do it again in the future.
That’s how far away it is.
‘Why is the price like this?’
It doesn’t mean you don’t suffer damage.
A direct purchase site that I often use.
—————————–±
『Pharmacy Hub』
CGM, sports, tasteless ₩40,101
CGM, Sports, Unflavored ₩35,954
Sunwarrior, sports, raspberry flavor ₩32,226
Sunwarrior, Sports, Unflavored ₩32,226
NOW Foods, Sports, Chocolate Flavor ₩50,148
±——————————————–
It’s strange.
The price is at least 20% higher than when I bought it before.
Not just one or two, but all of them.
It was so absurd that I looked for the reason.
“Can price rise because the exchange rate rises?”
“Alpano.”
“Of course! That’s why the won is cheap for foreigners right now. In times like this, you have to buy Ohsung Electronics quickly…”
Exchange rate.
I think about it very occasionally.
But I’m not particularly conscious of it.
This is because there is no significant change.
That was normal for the past few years.
‘Won is 1380 won?! Wasn’t it almost 1-to-1 originally?’
It suddenly soared.
Tae-gyun, who has no interest in the economy, feels that way.
The dollar is about 1,100 won.
At the highest, it is around 1,200 won.
Such common sense.
“Alpano.”
“What is Alphano? The price of the supplements we take has gone up by 30% right now. Now, I can make money just by exercising.”
“…”
It collapses.
You have to pay a higher price for the same product.
Recently, prices have also been rising.
As the multiplication of a multiplication becomes a multiplication operation.
“Is this a country? If the people suffer from inflation and high exchange rates, we need to think about why this is happening and come up with a solution. Does it make sense that interest rates are not being raised because of real estate?”
“”Waaaaa~!””
It is putting a huge burden on the economy.
It strikes me that the cost of living has risen.
My friend, who was an alpha worker, was angry that the country was making his life alphabet, so he went to the protest.
‘That’s a bit refreshing.’
The reason.
Now I realize it.
Just a quick look at the community.
─The reason why Korea cannot follow the United States in raising interest rates
Because of real estate and self-employed people ㅇㅇ
The young people look scary
Self-employed people are surviving with loans
What if interest rates rise?
It’s just an economic disaster
Korea will never be able to raise interest rates to match the United States haha
└This country is just ruined
└The U.S. Base interest rate is on the verge of exceeding 4%, but Corea is only around 2% kkkk
└The exchange rate is a mess
└I realized it. Come to the undetermined gallery
The situation is not normal.
The United States is raising interest rates dramatically.
What about Korea?
Can’t upload.
It is obvious that the exchange rate will rise.
“The government needs to come up with a solution right now. Whether it’s raising interest rates or conducting a Korea-US currency swap! The fact that the majority suffers because of a few debtors should never be tolerated in this democratic country.”
Friend Alphano deserves a passionate speech.
It would have been unthinkable if it had been last year.
‘The government is irresponsible.’
I wish you could do something.
Stories of crisis are also being posted in the community.
─You can think of it as a countdown to national bankruptcy
[Won-dollar exchange rate chart during the IMF era. Jpg]
The exchange rate is soaring right now
But it’s worse than then
Aging + low birth rate + household debt
Even if you lend money to a country like this, it won’t be able to repay it
The IMF also has no intention of bailing out the country
Buying dollars is the only answer
└(Ngeunara Cone)
└The reason why the IMF doesn’t come twice: The IMF says they don’t have money either haha
└There was a president who doubled household debt…
└$2,000 is coming. Hold on tight^^
Can I stay like this?
Isn’t something big going to happen?
It is also natural for confirmation bias to occur.
‘Is this really going to ruin the country? Will the IMF wake up?’
I feel impatient.
It encourages it.
Exchange rate.
It continues to rise every day.
—————————–±
『USD/KRW – US Dollar Korean Won』
1382.89 ▲235.53 (+20.52%)
[Graph steadily rising over the past year. Jpg]
±——————————————–
It was natural that the anxiety of the public had reached its peak.
* * *
Trauma.
These days, the term “Seizure button” Is used more often.
‘That also exists at the national level.’
The subprime mortgage crisis in the United States.
China is invaded by Western powers.
Japan blocks government deposits.
Even though it happened at least a dozen years ago and at most over 100 years ago, it is still having an impact in 2022.
“The exchange rate is rising rapidly. In all likelihood, the market’s investment sentiment will also have an impact.”
Why?
It is history rather than an event.
It is no exaggeration to say that it is imprinted in our DNA.
In the United States, mortgage loans are received at a fixed interest rate.
China is sensitive to foreign pressure.
Japan stores cash in a closet.
‘And Korea.’
There may be various things such as the Korean War and the Japanese colonial era, but if limited to the financial sector, it is the IMF.
The foreign exchange crisis.
“I guess so.”
“There is already a lot of noise in the news and community.”
“Community?”
Even children born after the 21st century have heard it all in their ears.
What about latte?
‘The entire nation is suffering from PTSD.’
Is the exchange rate going up?
Isn’t the IMF coming?
This is not a story to be taken as a joke.
It is also spread in humor communities.
With content that self-proclaimed economic experts have never heard before.
“What is this…”
“It’s fun, right?”
Do you seriously believe this? The children’s educational status is questionable.”
It’s stimulating.
It looks like fun.
It spreads for that one reason.
‘Look at the hundreds of recommendations listed.’
Sora’s father has something to worry about.
Her own daughter also had poor education at first.
“It’s better than the past, but our country still has a high financial illiteracy rate. This kind of propaganda is bound to work well.”
Young people are like this too.
The older generation adds more, not less.
That’s why.
‘In Korea, when the exchange rate rises, the financial market becomes unstable.’
Even foreigners know that.
When taking a large short position, the exchange rate is affected first.
“Movement was seen in the offshore forward exchange market. Considering the volume of short selling that has been taking place recently, it should be considered certain.”
“Hmm…”
In a word, it is short selling the won.
It is an attack with leverage of more than 10 times.
What if the exchange rate soars like that?
The seizure button is pressed and the preference for safe assets becomes stronger.
“Therefore, the first target to attack is the exchange rate. Controlling the exchange rate will be the most important battle in this war.”
I plan to sell stocks and buy dollars and gold.
Just like the pictures drawn by foreigners.
‘That needs to be corrected first.’
It is not an easy task.
Why?
Anxiety can be said to be a virus.
Just because you don’t want to get caught doesn’t mean you won’t get caught.
Everyone around me says that.
“It’s impossible for me. It’s not something that can be solved no matter how much money you pour in. Rather, it could encourage mass selling by companies that see it as an opportunity to escape.”
“That’s right.”
“But you might show a miracle.”
I think about other things alone.
And that goes against the instincts imprinted in our DNA.
‘I wonder how much there will be.’
You cannot change the market trend.
Executive Director Seunghyun Yoon’s story is definitely correct.
It’s not for nothing that I haven’t done it until now.
Until the conditions are met.
“Because it was built for that purpose.”
I stand at the forefront.
* * *
Anxiety continues to grow.
People’s illnesses become more and more severe.
“Wow, it’s over 1,400 won.”
“It’s crazy. Isn’t this really ruining the country?”
Exchange rate.
It is becoming the biggest news story in Korea.
The entire nation is interested.
Why?
How much the dollar is or how much the interest rate is cannot be a big topic.
Few people are interested.
But if you say IMF.
“Our country is going to be 100% ruined? That’s why foreigners are selling their own and escaping from Korea! We need to buy dollars right away too!”
It touches you all at once.
I can sense that this is a huge situation.
Fucked.
You might get screwed.
From that thought rising.
“I heard the dollar jumped to 2,000 won during the IMF?”
“The only winner is the person who has dollars.”
“That’s right!”
Public psychology.
It gets worse rapidly.
It’s okay if it’s not just me~! We have to do something.
Even a small portion is enough.
This is to accelerate the weakening of the won.
‘Ah, should I really sell Ohsung Electronics and buy dollars right now? …’
The story of my friend Kim Tae-gyun.
Park Seong-hoon, who was bitten by 80,000 electrons, also became worried.
The stock market is also unusual.
They just go down together every day.
Even Oman Electronics is high.
It is said that the fair stock price is at least 30,000 Electronics.
Todog, talk!
Friends and the community say the same thing.
I think I should sell it now.
Still, just in case.
At that time, I was looking for any hopeful information.
〈 Dollar load, we will block it.〉
A familiar man appears in one advertisement.
