I Became Park Jeong-ui’s Nephew - Chapter 90



Only Krnovel

He became Park Jeong-ui’s nephew. – (90)

“Your Majesty, the guests have arrived.”

“Tell them to come in.”

This is the government building of the Republic of Korea,

I invited the VIPs to the Presidential Office.

The identity is that of the Seosun family, which controls the Hong Kong economy, and the Kuduri family, which controls the Shanghai economy.

Recently, with the U.S. government announcing quantitative easing and the Treasury directly printing money, businesspeople are feeling embarrassed.

So should entrepreneurs buy US bonds just like the Korean government paid a tribute of $200 million to the US?

The problem is that there are more than a few countries that have gone bankrupt after just printing money.

The Weimar Republic of Germany, which came into being immediately after World War I, Hungary immediately after World War II, and the Republic of China, which fought the Chinese Civil War.

They all went bankrupt because they printed money recklessly with massive fiscal spending.

So is America free from this logic?

The United States is a country that accounts for 37% of the world’s GDP. What more reliable credit is there than that? That’s why I donated 200 million dollars to the US government, and it is true that the US and Korean economies were temporarily revitalized thanks to that.

‘It won’t last long. If you think about it, I pushed America off a cliff.’

But I know this won’t last long.

The reason the dollar emerged as the main currency after World War II was because the United States monopolized 70% of the world’s gold.

Thanks to this, the United States was able to invest huge amounts of money in rebuilding the economies of Europe and Asia that had collapsed due to World War II.

But since the late 1950s, the U.S. economy has been stagnant and suffering from chronic deficits, an issue that has even affected the U.S. presidential election.

If we have 70% of the world’s gold in our hands, why waste energy on other countries when the US can live well?

The problem is that the gold has already been drained and the United States has no more money, so the Kennedy administration is talking about printing money from the Treasury.

But this is just the beginning,

America will sink deeper into debt in the future.

Going forward, American politicians will continue to make unreasonable promises and policies to win votes. In fact, since 1960, the U.S. Congress has raised the debt ceiling 78 times through 2023.

What’s surprising is that the debt ceiling has been raised 49 times under Republican rule.

In the end, the Kennedy administration’s abuse of welfare policies and debt ceiling were the root cause of all these incidents.

The Democratic Party is printing money to stimulate the economy, but can’t the Republican Party do the same?

The United States, which has no money in the government but has to implement welfare policies to buy votes and needs a huge amount of money to maintain world hegemony.

If you think about it, it was me who pushed America off the cliff.

Since the US immediately paid $200 million when it implemented quantitative easing, the US will likely think that it can continue to implement quantitative easing by receiving bond tribute from its allies.

So, should entrepreneurs follow the Korean government’s lead and invest in U.S. bonds?

I joined hands with businessmen while fanning the flames of the US government’s tyranny.

“America’s quantitative easing policy will not last long.”

“Why do you think so?”

“Will the Republican Party just sit back and do nothing while the Democrats raise the debt and abuse welfare policies? They will apply the brakes in Congress to prevent the debt ceiling from being raised. Then, the brakes will be applied to the US welfare policy, and the government will raise interest rates. That’s when businessmen will reap the benefits.”

The Jewish businessmen nodded.

The US quantitative easing policy will end in 2-3 years at most.

South Korea’s $200 million tribute to the United States was not a long-term vision, but was for immediate food.

If we don’t pay tribute to the Democratic Party, we will lose 60 million dollars in food imports every year. Wouldn’t it be better to settle the score by paying 200 million dollars?

But this is only a superficial measure,

I showed my double standard by giving 200 million dollars in tribute to the United States and then investing 300 million dollars in financiers behind the scenes.

“If a war were to break out somewhere right now, the value of the dollar would plummet even further. What would happen if countries demanded gold conversion?”

“Well… right now, the US probably doesn’t have the money to repay each country.”

“Your Majesty, as you said, the United States is at great risk of falling into a debt trap in the future. But is there really going to be a war?”

“Yes, there are disturbing developments in Guatemala and Vietnam. So, don’t give money to the US. Interest rates will go up soon. In that case, it’s better to invest in the financial sector.”

The businessmen nodded.

If the US prints more greenbacks to pay for war expenses, the US economy will surely collapse, but the question is whether war will actually break out.

How do individual businessmen know where war will break out?

But Korea is aware of that,

In Guatemala, the democratic government is now under threat from the military.

If the Guatemalan government collapses like this, what will happen to the projects that local American companies are pursuing? The U.S. government will have no choice but to intervene in the Guatemalan situation and spend war money.

The situation in Vietnam is also not good,

As the South Vietnamese government lost public support due to its unreasonable policies, many people defected to the Viet Cong.

Are you just going to leave this alone?

The United States, which is burdened with welfare policies alone, is now having to spend money on war as well.

This is why President Kennedy did not view South Vietnam favorably.

Like South Korea, we need to check North Korea and prevent war from breaking out, but South Vietnam’s leader Ngo Dinh Diem is only putting a burden on the United States.

President Kennedy must have a headache because of this too.

In order to maintain welfare policies, war spending must be reduced unconditionally, so war must never break out in Vietnam.

But can that be done at will?

It is almost certain that Vietnam is engulfed in war clouds, so what will happen if the Korean Peninsula is shaken from here?

If that happens, the US will feel even more burdened, and there is a possibility that the Democratic Party will collapse and the Republican Party will return to power.

The Republican Party also secretly hopes for wars to break out all over the world.

How will the Kennedy administration overcome this crisis?

The global economy was revived by quantitative easing in the United States for a short time, but the aftershocks began to engulf the world.

***

“How dare you ignore me? Let’s just wait and see!!”

This is North Korea,

Kim Il-sung expressed his intense anger at South Korea’s actions.

South Korea pretends not to listen to North Korea’s proposal for a summit, while it is preparing for a summit with the United States.

As ties between the United States and South Korea strengthen, China will seek to intervene more deeply in North Korea.

Kim Il-sung was uncomfortable with that.

How can we shake up the relationship between the US and South Korea?

Before President Kennedy visited Korea, he decided to carry out a military provocation.

With war clouds gathering over the Korean Peninsula, will the US President visit Korea?

I tried to think of something, but my close associates held me back.

“Comrade Leader, now is not a good time to provoke South Korea.”

“Yes. The recent commotion in Guatemala and Vietnam has the Americans in a bad mood. If we cause a commotion, I wonder how they will react….”

“That’s why we have to provoke Korea even more!! If we attack from all sides, won’t the Americans not come to their senses?!! Now is the chance!!”

Kim Il-sung ultimately committed armed provocation.

Fired artillery shells into South Korea,

One of them landed 31 kilometers away from the South Korean government building.

So, was Korea in a state of confusion?

Surprisingly, Korea seemed to have anticipated this situation and launched a large-scale counterattack.

As a result, more than 10 North Korean positions were completely destroyed, and North Korea posed no threat to South Korea, which had displayed overwhelming firepower against the Chinese army in Shanghai.

The bigger problem is that America’s anger over this incident is skyrocketing.

President Kennedy issued a statement condemning North Korea.

“Even if the South Korean government attacks North Korea, the United States will not intervene. And I warn you: If either China or the Soviet Union intervenes in this war, they should be prepared to be hit with nuclear weapons.”

America’s chilling warning shook China and the Soviet Union.

North Korea’s reckless preemptive strike has irritated the United States, so what should we do about it?

The bigger problem is that since North Korea launched a preemptive strike, the international community cannot criticize South Korea even if it starts a war to unify the country.

If China and the Soviet Union really intervene in the Korean War, will the United States start World War III?

No, even if Korea advances north, will the US really just stand by and do nothing?

Kim Il-sung, who had suffered a serious blow from his unnecessary provocation, hid in a bunker and watched the situation.

***

“You won’t go to war, right? We trust Korea.”

“Yes. I know that the US has been having a hard time lately because of Guatemala and Vietnam. We will take care of controlling North Korea.”

“As expected, Mr. President, you know what America wants.”

The same routine that repeats itself today,

I came face to face with the American ambassador.

The US government, which has been talking big but does not want an all-out war, will be able to handle it if the Korean government starts a war of unification?

There are 78,000 US troops stationed in Korea, and if war breaks out on the Korean Peninsula, US troops will also have to move north.

The burden on the US is +1, so they are shouting at China and the Soviet Union and telling Korea not to go to war.

So should I start a war to screw America even more?

Actually, there is no need to do that.

The United States has already intervened in the Guatemalan crisis, and a coup has occurred in Vietnam.

This alone is putting a huge burden on the US, and its debt is already slowly increasing.

Then print more money to stimulate the economy? There is no way the US doesn’t know that that is a shortcut to destruction.

In addition, investors are avoiding the money-printing U.S. and investing overseas, and the effects of quantitative easing are starting to wear off little by little.

So how can Korea benefit from this?

Here I pulled out the card I had been holding until the end.

[Partial withdrawal of real estate nationalization policy.]

[The South Korean government is embarking on urban development, not war with North Korea.]

Although the North Korean attack has been repelled, people doing business in South Korea are anxious.

So how can we keep investors in Korea?

The answer is real estate development, and the US has already played this card with quantitative easing.

Because banks lent money at low interest rates, ordinary people were able to buy houses, and real estate development also took place at a rapid pace at this time.

However, since its founding, Korea has restricted real estate development for over 10 years and even nationalized real estate to prevent speculation.

The question is how long this will work.

As incomes have increased, people will now turn their attention to stock and real estate investments, but since Korea does not allow investment in real estate, many wealthy people have turned their attention to neighboring countries such as Japan and Shanghai.

But this time, that restriction has been lifted,

When the Korean government partially rolled back its real estate nationalization policy, huge amounts of money poured into urban development.

Investors who were about to leave this land because of the war just a few days ago have settled in Korea and are not stopping there, they are even spreading word of mouth to those around them.

“There will never be a war in Korea.”

“Even if North Korea launches a preemptive provocation, South Korea has the military power to repel it. And this time, we proved it.”

If a war breaks out on the land you invested in, will the price of the land rise?

If Korea continues to promote itself as a safe country, land prices will rise and investment will take place.

As the crowds surged, Korea was surrounded not by the pungent smell of gunpowder but by bundles of cash.