I Am the Third-Generation Heir of a Conglomerate - Chapter 435



Only Noblemtl

435. Prince’s Rebellion (5)

Cheers echo through the financial tower.

But it couldn’t last long.

Now that Brexit has passed, it’s time to get busy raking in the cash.

“Can I skip Vice President Han?”

“I’ve been preparing thoroughly for half a year now. I’ve set up a system so that it can run smoothly without me.”

“Well done. It’s inefficient for the vice president to control everything directly.”

“But when I checked the details of the Brexit vote count, I almost got into big trouble.”

Vice President Han already had the details in his hands.

In particular, the results for countries such as England, Wales and Scotland were written in large letters.

“I guess we can say it passed thanks to the large number of votes in favour in England.”

“Except in England and Wales, the No vote is in the lead everywhere. In London, over 60% of voters want to remain, and in Scotland, over 62%.”

“Gibraltar had over 95% of its population wishing to remain.”

“It seems that we had no choice but to follow suit because England, which has the largest population, supported it.”

We call it Britain for convenience, but that is not its official name.

It was a union of several countries, and all countries except England and Wales wanted to remain in the EU.

“Brexit will create divisions within the UK, but it is highly unlikely that it will lead to independence or anything like that.”

“Taewoo Securities also expects that. However, there is one thing that is bothering me. Although Brexit was passed by referendum, referendum is not mandatory.”

“The British Prime Minister will have to make the final decision on Brexit, but it would be different if there had been no referendum. It is impossible to reverse Brexit after the referendum.”

In a democratic country, the power of voting is immense.

Voting was the will of the people, and in a democratic country, politicians who filtered the will of the people could not survive.

Especially, if you oppose a pledge that your supporters overwhelmingly support, you will be branded a traitor and your political career will be over.

“George, the CEO of Quantum Fund, has already flown to England and started attacking the currency.”

“The British economy is going to get a lot harder from today onwards.”

“Our research with Taewoo Securities and IIT faculty members has shown that economic growth could fall by anywhere from 6% to 4%.”

The damage Britain suffered from Brexit was not limited to one or two things.

The pound is crashing, property prices are falling, inflation is rising, debt is rising, and GDP is falling.

Most indicators will decline slowly, but currencies alone are set to be hit hard starting today.

“I think it would be best to hear news from Britain directly from someone in Britain. Could you please call Representative George?”

“Let me connect right now.”

A vice president called CEO George.

It was Representative George who answered the phone after a long time of ringing.

[I’m so busy, why are you calling me?]

“If you are very busy, I will contact you later.”

[Mr. Kim? I thought you were Vice President Han. Of course I should answer the phone if it’s Chairman Kim!]

But it was Representative George who answered the phone coldly.

As soon as he confirmed that I had called, he answered in a soft tone.

“What is the situation in Britain?”

[It was a total mess. The pound fluctuated a lot from the time the vote counting broadcast started, and when the results came out, the pound started to plummet!]

It was Representative George who spoke with excitement.

He was a master of currency, and he couldn’t contain his excitement at being able to play on his favorite board.

“As expected, the pound is starting to take a big hit first.”

[Even if it doesn’t work out, it will crash by more than 10%. Furthermore, the moment the capital of the financial tower is invested, it will crash by 15%, and if that happens, we will be able to reap the rewards of half a year of effort in one day!]

We spent a lot of money on pre-production work over the past six months.

All that hard work paid off in one day, and from then on, every penny I earned was profit.

“Do whatever you want. You never know when you’ll have fun with money again.”

[They’re using all the tactics they wanted to use. The sad thing is that the referendum has only just ended, so there are still a few years left until Brexit actually happens.]

There is still a long way to go in the Brexit withdrawal process.

An emergency is declared in the political world, and numerous attempts at postponement follow.

But the fact that Britain is leaving the European Union remains unchanged, so we could make huge profits.

“Why not have fun now and have fun again when Brexit actually happens?”

[I feel sorry that I have been focusing only on short-term battles lately. I don’t know if the financial companies in the financial tower would like long-term battles, but I also have some opinions on long-term battles.]

Brexit was a topic that could be picked up again and again.

They could make a big profit now, right after the referendum, and then again if Brexit actually happens.

“I’m sorry to contact you when you’re busy. Please contact me if anything comes up.”

[Mr. Kim’s contact is always welcome. I’ll have fun in England for a few months and then I’ll go back to Korea, so let’s pop some champagne then!]

“I will continue to support you from afar.”

Representative George couldn’t hide his excitement until he hung up the phone.

Brexit was such a big deal that even older people were showing the same energy as young people.

“Just by listening to Representative George’s voice, I can predict how high the yield will be.”

“We’ve prepared for a long time, so let’s have fun.”

“But Mr Chairman, the period during which we can enjoy the benefits of Brexit is at most a year. Shouldn’t we start the preparatory work for the next project now?”

If you want to make money straight after Brexit, it’s best to start preparing now.

And of course, the next operation had been planned for a long time.

“The battlefields for our next project are the United States and China.”

“Since the battlefield is between two superpowers, the spoils of war will be considerable. But is there a reason why you chose the US and China as the next battlefield?”

“Trump. I decided that because I was sure that Trump would be the next American president.”

“I don’t understand. If Trump is elected, will something big happen to the US and China?”

One vice president did not understand what I was saying.

What will happen next is something that not only Vice Chairman Han but all experts did not expect.

Unless you’ve lived through the future, it’s nearly impossible to predict how radical Trump’s actions will be.

“Trump is campaigning on the slogan of ‘America First.’ If he becomes president, the US-China trade war will start in earnest.”

“Candidate Trump has pledged to strengthen protectionism, but will he go so far as to start a trade dispute with China?”

“They called it a trade dispute to make it milder. I think they are imposing strong sanctions that could be called a trade war.”

The struggle for hegemony between the United States and China.

This was a set historical trend.

Even if Trump had not been elected president, the US-China trade war would have inevitably occurred, although the scale and timing would have been slightly different.

China sought to seize hegemony based on its massive population and productive capacity.

In the process, the United States could not sit idly by as it was causing problems such as ignoring patents and stealing technological prowess.

Of course, America wasn’t always right.

It was the United States that was abusing its power in a different way than China.

China and the United States. It was not important to argue about who was more at fault, but rather how we should move forward to gain greater benefits.

“Are you saying that a conflict on the level of a trade war is about to break out?”

“The United States has always crushed its competitors brutally. It will not fall for China.”

“If we deal with China in the same way we dealt with the Soviet Union or Russia, we are likely to use a strategy of isolation from the global economy.”

“First of all, a trade dispute will start with a significant increase in tariffs on Chinese imports. I think they will impose tariffs of at least 20%.”

The biggest competitive edge of Chinese products was their price.

As tariffs raised prices, the competitiveness of Chinese products was bound to decline.

No matter how huge China’s domestic market is, it would suffer a huge blow if it lost its competitiveness in the super-giant market called the United States.

“If the United States acts like that, China will not stay still.”

“China will also impose retaliatory tariffs on representative American products such as agricultural products and automobiles.”

“China’s growth rate will slow down. The manufacturing industry was hit hard after the recent stock market crash, and if the U.S. raises tariffs, it will be hit even harder.”

China has experienced unstoppable growth for ten years.

Although it is still growing steadily, it is difficult to show the same speed as before.

“This version will require a lot of research. The pre-work will also have to be done in detail.”

“Let’s make a plan assuming that China and the United States impose retaliatory tariffs of 20% or more on each other.”

“Think of doing the preparatory work for more than a year and proceed cautiously. During that time, it is sufficient to achieve the basic rate of return through Brexit and oil prices.”

“Brexit alone could generate enough returns for a year. It may be less profitable than the oil war or China short-selling, but I don’t think any financial company will leave the financial tower because of that.”

The returns could be low for six months to a year.

But if we can endure that period, a huge opportunity called the Corona era will come.

So, if there are financial companies that are hesitating now and leaving the financial tower, they will have huge regrets.

***

A few days later.

The call came from a secure cell phone known only to a select few.

The sender was Saudi Arabia’s new crown prince, Bin Salman.

[Can you talk?]

“Of course it is possible. I received the call from a place with perfect security. You can speak comfortably.”

[Whew, the purge is more or less complete. The illegally amassed wealth of over 500 royals and high-ranking officials has been returned to the national treasury.]

“You’ve worked hard. Now Saudi Arabia can take a new step forward.”

[Can you believe it? 500 people were accumulating over a trillion dollars through corruption. I couldn’t believe it when I saw the information I received from my brother, but they really had that much.]

It was an empty room with a lifeless voice.

As he ascended to the position of Saudi Crown Prince, the sense of betrayal from the royal family and the upper echelons seemed to be felt even more strongly.

“We’ve cleared up the past through the purge, so now all we have to do is prepare for the future.”

[I think so too, but it’s not easy to get my mind together. I think I’ll have some time after I get back all the money I smuggled overseas.]

“Now that we’ve put out all the urgent fires, all we have to do is slowly check the remaining fires and put them out.”

[I hope to finish it all this year and have a drink with my brother.]

“Just call me. I’ll fly to Saudi Arabia tomorrow.”

[Still, my heart feels a little better when I hear your voice. Then I’ll contact you again.]

The Crown Prince’s majesty was felt in Bin Salman.

It was a dignity that arose because the purge process had been successfully completed.

But even after ascending to the position of crown prince, their faith in me did not change; rather, it became stronger.

The imminent US-China hegemony struggle.

I managed to secure the best ally in Saudi Arabia.