Kishimoto knows better than Kazuya Takahashi and Takayuki Minamino that the establishment of the bank credit system is for credit lending, that is, credit.

Once it changes from good credit to bad credit, it will immediately cause panic in society. This will first manifest itself in the stock market.

In the coming days, South Korea's banks will be unable to repay their short-term debts when they are due, or they will not be able to repay their long-term debts when they are due, which will be a sign of the problem.

A credit card is a financial product built on top of credit. The money spent with it is not a personal deposit, but an individual's future income.

Why is it that there are credit cards that are used for a while, and the repayment is like a crematorium? In the future, it is inevitable that you will have to reduce your expenses to make a repayment.

The purpose of the credit card is to use it for consumer loans, not for the development of production. Reducing spending is a pain in itself when revenues don't increase.

If the income is reduced in the future, it will be even more painful, after all, the debt will not be reduced by the decrease in personal income.

Unless there is a significant increase in future income, it will be able to cover the part of the debt that has been spent in advance in the past. Otherwise, personal liabilities will snowball.

From one credit card to dozens of credit cards, the credit paid by the credit card issued by the bank can also be used for real-world consumption like cash.

Credit is not cash. Just as a credit card provides a credit limit to a cardholder, it does not mean that it is the credit limit of the cardholder. Banks do not directly create wealth in society.

Its main role is similar to that of the government, and one of its functions is to regulate distribution. If there is a problem with the bank's function of regulating distribution, then it will trigger a financial crisis.

"Then do we have to tell Kiyoshi Kobayashi to short the stocks related to the Bank of Korea?" asked Takayuki Minamino with a certain purpose.

"I'm just starting to start shorting now, how much meat is left? Didn't I tell you about a fire in your next-door neighbor and you need to go to the rescue, because you were worried that the fire would burn in the direction of your house, and then you would suffer property damage.

Even if you actively participate in the firefighting and rescue, there is no way to control the fire, let alone anything that can completely extinguish the fire.

At this time, do you urgently need firefighters to come into the field to help you put out the fire? Firefighters are still on the way, and if they encounter a traffic jam or something, they may take more time to arrive.

The firefighters are the South Korean government and the central bank. In my opinion, I am afraid that they are also powerless. I'm waiting to see the Thousand Miles of the Walking Dead in South Korea appear. Kishimoto smiled.

Kazuya Takahashi didn't quite understand the meaning of his words: "The South Korean government can once again ask the IMF for help as it did when it encountered the Asian financial crisis in 1997!"

"It's very unlikely. First, the Korean people's national self-esteem is too strong, and it is only five years before there is another financial crisis, which is a great shame for the nation.

When the South Korean government signed a bailout agreement with the IMF, it not only mortgaged a lot of its high-quality assets, almost completely liberalized the control of the financial market, but also changed some of its employment terms, etc., and was regarded by the South Koreans as a kind of loss of power and humiliation of the country.

Second, if this were to be signed with the IMF again, wouldn't the South Koreans stand up and oust their president?

Don't forget that in 2001, when the financial crisis broke out in Argentina last year, the IMF also asked for help, but was rejected.

Later, the IMF bailed out Argentina because it signed a more stringent agreement with the other party.

If South Korea wants to receive economic relief from the IMF, it can only sign the content and terms of the agreement with the other side with more stringent conditions.

Otherwise, the IMF will never make a related economic bailout. As a result, our hard gold group also shorted Argentina and had an unprecedented bumper year.

This year, whether we can have a good year depends entirely on South Korea? Pigs have to be killed if they are fat. I'm going to kill the New Year's pig. Kishimoto smiled again.

"Could it be that you have already laid out South Korea a long time ago? Today, some institutions have smashed the banking sector of the Korean stock market, and they are also following your orders?" asked Takayuki Minamino thoughtfully.

"Heaven must not be divulged. You just have to watch from the wall. Masayoshi Kishimoto suddenly shook his head, and did not completely break the words.

Koichi Minamino completely understood when he heard it. This must have been laid out by the president a long time ago. Otherwise, how could the other party talk to them so calmly?

Hard Gold Group has a lot of investments in South Korea. Among them, the real estate aspect of online games is the main force. Online games are okay, and the impact should not be great.

Real estate is closely linked to the bank. If there is a problem on the banking side, it will inevitably drag down the real estate industry.

"The South Korean government and central bank will definitely not sit idly by and will definitely come to the rescue of the country's banking sector. Kazuya Takahashi blurted out.

"The South Korean government and central bank will come to a bailout. If the banking sector collapses, South Korea's economy will be almost doomed.

At this critical moment, the Bank of Korea did not dare to directly print a large amount of banknotes for an over-issuance. Doing so will only exacerbate inflation in the country and further panic South Koreans.

If I'm not mistaken, there should be a run on South Korea's banks, large and small. Some people use credit cards, some people don't, and not everyone uses credit cards.

Among the elderly, there are fewer people who use credit cards. They tend to keep their money in the bank. If something goes wrong with the bank, of course they can't wait to withdraw the money they have deposited in the bank.

If the bank goes bankrupt and fails, who will they go to for money? Even if the Bank of Korea and the government introduce laws to protect small depositors, it will not stop them from running on the bank.

Because it is a relief of human nature, after all, only the bag is said to be safe. As long as you don't put money in your pocket, you will always feel uneasy about gains and losses in your heart.

I think about my money all the time. I can't sleep at night, and I'm thinking about my money. When you meet people, you still talk about your own money. I can't get motivated to do my job, and I can't help but think about my money in my head......

They will inevitably speculate that even if there is such a law to protect the interests of small depositors, it does not mean that it will be able to give it to you immediately. It is not up to the South Korean government and the central bank to have the final say.

When you need money, can you tell the other party and make them wait. It's not that I don't have money, but I can't get it in the bank.

South Korea is in dire need of foreign aid, and the funds of major foreign banks are a lifesaver. At the time of the Asian financial crisis in 1997, the South Korean government had approached major Japanese banks.

This time, I think I'll look for it too. If you can't keep it, you will come to our hard gold bank under the hard gold group in person. Kishimoto said eloquently.