Text Chapter 942 The Right to Issue Money (First Update)
"Mr. President, can we talk about 'business'?"
Yes, you heard it right, Jamie Dimon is talking about "business", because what he just talked about is just a "small snack" before the "main meal". Now, now that you've run out of "snacks", it's time for the real "big meal".
Hearing Jamie Dimon's words, Jin Yongsam nodded, and then said with some solemnity: "Okay." ”
"Our request is simple, just one thing, and if you agree, we will do our best to help South Korea get out of the current crisis situation. ”
"I believe, I don't need to say more, Mr. President and you should also know that we have the strength, right?"
This made Jamie Dimon say a lot, even crazy, you know, now South Korea is in a deep "financial turmoil" and can't extricate itself, even the South Korean government is helpless, seeing that South Korea's fragile financial defense line is about to be completely shattered. However, Jamie Dimon actually said such a big thing as helping South Korea get out of the "financial turmoil", which has to be said to be really crazy.
Yes, Standard Bank Group is the world's No. 1 banking group, and its strength is even more powerful than that of some sovereign countries. However, even if this is the case, it is a bit of a stretch, after all, Standard Bank Group will certainly not be able to make a desperate effort to help South Korea.
However, Kim Yong-sam and everyone present didn't think that Jamie Dimon was really talking big and bragging, and for those who didn't know the inside story, Jamie Dimon was absolutely crazy. However, Kim Yong-sam and the others clearly know in their hearts that the forces represented by Jamie Dimon and the Standard Bank Group definitely have this strength.
At the very least, once the two sides have reached a good deal, they can instantly resolve the most critical situation facing South Korea -- the financial army that is eyeing the "national gate" -- in an instant.
"I believe in the strength of Standard Bank Group, but your conditions are too harsh and we ...... It's really hard to do. ”
Shaking his head with a smile, Jamie Dimon said, "Mr. President, you must know that your financial system is basically broken down and paralyzed at the moment, and once we come in, we will quickly sort out the entire financial system in a short period of time." What's more, our participation will maximize the resilience of your financial system and add a great insurance to your financial prosperity. ”
"You are right, we know your super strength and the great benefits it can bring us, but what you want is ...... The right to issue banknotes. ”
Yes, you heard it right, what Standard Bank Group is seeking is the right to issue money for the Korean won, the right to issue money!
The right to issue money is the foundation of a country's or region's financial system, because it can directly affect all aspects of the financial economy through the supply of money. Now, what Standard Bank Group wants is the right to issue money for the won, which is the rhythm of the South Korean financial system that needs to be fully penetrated. Of course, Standard Bank Group cannot be as powerful as the Federal Reserve and directly assume the role of the central bank of the United States, which is a "feat" that can only be accomplished in a certain historical context.
In fact, Standard Bank Group does not have the "right to issue notes", and their Standard Chartered Bank has the right to issue notes in Hong Kong dollars. So, Jamie Dimon is well aware of the huge benefits that the right to issue notes represents.
This time, taking advantage of the opportunity for South Korea to be completely defeated, SS Financial Holdings did not choose to continue to "beat the water dogs", but let Standard Bank Group seek the right to issue banknotes - it can be said that it is quite "treacherous".
Of course, Su Chenyu has always been a democratic person, and the South Korean side can choose to agree, or naturally it can choose to refuse. However, once the South Korean side chooses to refuse, then Su Chenyu will transfer back the main force of X Fund in Southeast Asia and directly send them into the "abyss".
Therefore, the path now in front of Kim Yong-sam and others is very simple, there are only two ways - either to give up the right to leave money, or the South Korean government chooses to go bankrupt - neither of these two paths is easy to take.
However, no matter how difficult the road is, Jin Yongsan has to go on, otherwise, it is not just a "sinner".
"The right to issue notes is not a big deal, the right to issue notes for the US dollar is in the hands of the Federal Reserve, and the right to issue notes for the Hong Kong dollar is in the hands of HSBC, the Bank of China and the three of us. Therefore, there is no problem at all in ceding part of the right to issue notes to us, and it will only prosper South Korea's finances in the future. ”
Well, that's high-sounding, but it's absolutely nonsense. Nima, once South Korea cedes some of the banknote issuing rights, then a part of the national wealth created by the South Korean people will go into the pockets of the Standard Bank Group.
In this way, Kim Yong-san has become a ...... , not to mention that everyone understands it in their hearts, but if you don't do this, there is only one way to "die". There is no doubt that between "life" and "death", there is no need to think about it at all, and it will be a choice - "survive".
In order for South Korea to survive, someone must carry this infamy, and Kim Yong-sam can not carry it, just pick the son and leave. However, Kim Yong-sam couldn't do this, and for the sake of the fate of South Korea, he decided to carry this infamy.
After being silent for a while, Kim Yongsan said solemnly: "Okay, as long as SS Financial Holdings helps us in South Korea to successfully survive this wave of 'financial turmoil', I can agree to give 30% of the right to issue money." ”
"Good, good, good. In a flurry of emotion, Jamie Dimon said three "yes" in a row, and then said with a smile: "Please rest assured, Mr. President, that since we dare to make such a promise, we will definitely do it." ”
nodded, Jin Yongsan still believes in the strength of SS Financial Holding behind Standard Bank Group, after all, he is also clear in his heart about this "financial turmoil" in South Korea - the "robber" in front of him and the biggest "robber" are actually a group of people. However, even if we know the truth, what can we do, and we still don't obediently obey? Who can blame this? We can only blame ourselves for our own lack of strength, and we can only blame ourselves for failing to guard against financial risks.
"Although I agree to this matter, it still needs to be approved by the National Assembly, and I can only guarantee that all of our people will support it, and I cannot guarantee that the opposition parties will not jump out and oppose it. ”
There is no doubt that this is a difficult problem left by Kim Yong-sam for the Standard Bank Group, and he wants to use the reason why the opposition party is too strong to pass the bill. Hehe, I have to say, I really think too much, since Standard Bank Group has put so much effort into this matter, how can it not even handle this little thing?
Isn't it the opposition?
The right to issue banknotes is basically in hand......