This is the moment.
On the longing director group, Wang Zhengyu and Zhang Hangxi looked at each other, and they never expected that Chu Sheng would talk about this.
Samsung’s major shareholder turned out to be him!
If this is true, wouldn’t it be shocking?
“I feel that we may be on the hot search again.”
Zhang Hangxi looked at Wang Zhengyu and said with a wry smile.
“It’s as if it hasn’t been there all along.”
Wang Zhengyu waved his hand, but he was very calm, and slowly said: “With this Teacher Chu here, I don’t think hot search is a problem at all.” But seriously, I’m looking forward to what surprises he can bring me this time. ”
………………
This side of the wooden house.
Chu Sheng faced the camera and said to Huang Xiaochu with a smile: “You should know that Goryeo’s economy is called the Four Asian Tigers in the upper world, right? ”
“Well, I know that.”
Huang Xiaochu nodded.
The audience in the live broadcast room naturally also has many people who know.
Chu Sheng shrugged: “In the last century, Goryeo President Park Chung-hee forced the Goryeo financial system to lend low-interest huge debts to large enterprises, and whichever bank dares not to borrow will lock you up for a few days.” For enterprises, Park Chung-hee forced enterprises to borrow money to take loans to expand scale and expand exports, otherwise the government will not give you loans, and if it is serious, you will be detained for a few days. It is under this blind expansion under large-scale borrowing that the debt ratio of Koryo enterprises is extremely high. ”
Speaking of this, Chu Sheng showed a mocking smile: “Do you know, by the time of ’97, Koryo’s foreign debt was as high as $200 billion, but its foreign exchange reserves were only $30 billion. ”
Groove!
Hearing Chu Sheng’s words, everyone was dumbfounded.
Huang Xiaochu even blurted out: “Are they crazy? ”
“Not crazy, but almost.”
Chu Sheng said casually: “At that time, the rapid and rapid growth of Goryeo, the main model, was to borrow money by borrowing, rely on debt-blown enterprises, rely on debt-blown economic increments, behind the sky-high amount of bad bank debts and excess capacity. ”
“Enterprises and governments are so vigorously promoting borrowing, assets are getting higher and higher, ordinary people have become extremely impetuous, relying on labor to accumulate wealth is considered fools, the whole society is full of only speculation, only house speculation, only hard gambling to get ahead.”
Speaking of which.
Chu Sheng rubbed his chin, showed a malicious smile, and said lightly: “At that time, I noticed this, and sent someone to investigate, and I found that in June of ’97, Goryeo had the world’s largest foreign debt, amounting to nearly 120 billion US dollars, and most of them were short-term debts, that is, the debts that Goryeo would have to repay immediately.” ”
Hearing Chu Sheng’s words, Huang Xiaochu showed a thoughtful expression.
He’s not an idiot.
Koryo’s current situation is like a distracted bar, stimulated by stimulating music and indulgent hormones, and the arrogant flesh is unleashed.
As long as the music does not stop, everyone is in a hallucination in the wine, unwilling to wake up.
And just when the music climaxed, everything came to an abrupt end.
The bubble of the illusion of prosperity, burst.
Debt, began to eat back at Goryeo, viciously.
Sure enough.
Chu Sheng continued: “Since the beginning of ’97, the large industrial enterprises of Goryeo have gone bankrupt one after another. Six of the top 30 chaebols went bankrupt, including the Kia Group, a symbol of Koryo’s national industry, and went into liquidation because of huge debts. ”
Huang Xiaochu moved wisely and asked Chu Sheng: “You and Soros did it at that time, right?” ”
No matter what.
This kind of thing must take Soros with him.
Chu Sheng nodded and said with a smile: “In October ’97, Soros and I chose to start shorting the won, and by mid-November, the Korean won exchange rate that had fallen for many days made the Central Bank of Korea have to give up resistance and no longer interfere with the exchange rate of the won.” ”
There was a pause.
He sighed and said slowly: “Then, the won began to plummet. A large number of international speculators poured into the Korean currency to short the won, and the won continued to fall and depreciate, and Korea fell into a panic. ”
“The harder the won falls, it means that Goryeo will have to pay a higher cost to pay off foreign debts, and if it fails to pay, Goryeo will go bankrupt.”
“Everyone knows the final result, and Goryeo declared the country bankrupt.”
????
????
Chef Huang’s brows frowned, and many viewers in the live broadcast room were also surprised.
It’s clear.
The word state bankruptcy, they do not quite understand.
But it’s fine.
There were many financial professionals in the live broadcast room, and they quickly gave explanations on the barrage.
When a country’s financial revenue is insufficient to pay for the foreign exchange necessary for its imported goods, it is considered to be a national bankruptcy, because the national debt crisis is seriously out of control, and the enterprises that rely on these foreign debt investments cannot pay back the money and cause bankruptcy and collapse.
The country goes bankrupt, the government owes too much, and the debt is distributed to each citizen.
It’s pretty scary!
………………
This side of the wooden house.
After Chu Sheng said about the bankruptcy of the Goryeo state, he didn’t say anything more, as if he was remembering something.
Huang Xiaochu hesitated for a long time, and finally asked cautiously: “Then that’s when you bought Samsung Group?” ”
“Almost.”
Chu Sheng shook his head, smiled and said: “At that time, Goryeo lacked foreign exchange, and although the people of the whole country were donating gold, it was still a drop in the bucket, and they finally turned to the International Monetary Fund to apply for loans. The IMF’s loan conditions are very harsh, that is, Koryo’s economic policies must be subject to their intervention and supervision. ”
“So they promised?”
Huang Xiaochu asked in surprise.
“There’s no way if you don’t promise.”
Chu Sheng shook his head and said: “There is only this way, the Goryeo people borrowed 20 billion US dollars to get through the difficulties, but from that moment on, it was like signing a deed of sale, and the Goryeo economy had no autonomy from then on, and the financial economy began to open up to the outside world on a large scale.” The chaebol companies in Korea also have only one choice, that is, to sell the company’s shares and retain the management of the company, so as to survive the financial crisis. ”
Speaking of which.
He laughed: “That’s when I bought Samsung’s shares and became the majority shareholder of Samsung Group. ”
“Awesome, you are really powerful!”
Huang Xiaochu gave Chu Sheng a heartfelt thumbs up.
The audience in the live broadcast room also admired his operation.
But at this moment.
Chu Sheng’s words made everyone stunned.
“What is it to buy Samsung, I also bought an aircraft carrier back then!”
Groove!
!!!!
!!!!
Chu Sheng’s words immediately made the entire live broadcast room boil!
PS: Ask for flowers, ask for five-star evaluation tickets, ask for tips, ask for monthly passes! Everyone remember to vote for the evaluation, remember to vote for five stars, thank you! Kneel for flowers and a monthly pass! Today’s flowers reach 180,000, I will change ten, and the monthly pass will reach 15, and the same will be ten! If there is a thousand book coins rewarded, it will also be ten more! Other than that. If the flowers reach 200,000, or the monthly pass reaches 200, I will change fifteen!
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