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Plot "The Day the Country Went Bankrupt" movie commentary copy

Plot "The Day the Nation Went Bankrupt" movie commentary copy

Plot "The Day the Country Went Bankrupt" movie commentary copy

This is a war without smoke and mirrors.

But the damage it causes

But it's more important than war.

It will not hit you directly.

It will only indirectly make you feel desperate.

This despair will last forever.

This terrible torment

is the economic crisis.

The story begins in Korea in 1997.

At that time, Korea was booming.

The Olympic Games

Exports exceeded $10 billion

The situation was great.

It was known as the Four Little Dragons of Asia.

However, on top of the heyday

But a crisis was brewing.

American Wall Street

Financial institutions began

news that Korea was going bankrupt.

even for investors to leave Korea.

It's no coincidence that

within Korea

Some people also smell the signs of winter

Jungmin is a new generation cadre of a financial institution

He has a lot of talent and knowledge.

By chance

He was on a women's radio program

He heard the complaints of housewives

Housewives said

Their husbands' salaries were often delayed

No one came to the store they owned

All kinds of signals keep stimulating Jungmin's nerves

The withdrawal of investors

Masmin confirmed that

A crisis was about to occur

But as an employee

He wanted to make a big deal

Take advantage of this crisis

He wanted to make a lot of money

First he resigned

With the mocking tone of his colleagues

He walked out of the company

He turned around and contacted his

The clients he had served

Gathered them together

Analyze the crisis from start to finish

This winter tone in the midst of the boom

It is really too unbelievable

Many investors have left

However, there are two people who appreciate it very much

One is a rich man with

One is a rich young man with one billion won

The other is a middle-aged man

Jung-min, who had spent a lot of time talking

finally got the capital to operate in the

in the crisis

Jung-min's bets are in place

But the bargaining chip is a bold guess

Due to the recent presidential change

For the sake of votes

The government people will definitely choose to

Conceal the news of the crisis

And will not come down to rescue the market

The rich and middle-aged men

Choose to trust Jungmin

This group of gamblers is waiting quietly

On the other hand

Xiaomi, a civil servant, also smells a crisis

Corporate loans are already in the trillions

And her own business assets are only 700 billion

Such debt

Crisis is certain to occur

As the head of the Bank of Korea's

Head of the Monetary Policy Group

Out of the morality of his position

He decided to collect data

To summarize the report

to inform the top management of the impending crisis

However, more than ten days later

before the report was submitted to the top

By this time

Korea's foreign exchange reserves, which are used to import raw materials

foreign exchange reserves

Only nine billion dollars remained

Seven days later

The crisis will come

Mei suggests

Hurry up to release the news

Let the people and small and medium business owners

Prepare in advance

Otherwise, unrest and crisis will happen

But the top management doesn't want to do that

Considering the upcoming elections

For the sake of votes

We have to hold out

Butt decides head

But the Korean government for the sake of votes

At the expense of the people

Turmoil and unrest are about to happen

As the people at the bottom

How is it like

A small factory owner, Dae-jang

is an example

Dazhuang owns a factory that produces eating utensils

For a long time

Due to the excellent quality of products

beautiful shape

let his factory enter the

expansion and reproduction stage

A department store placed an

500 million won order

The department store then gave a money order

The so-called money order

It means that when the department store makes a profit

To exchange it for money

In order to make this product.

Dazhong had to go to the bank to borrow money

This brings us to

The borrowing system of Korean banks at this time

In order to stimulate the economy

coupled with the previous economic situation

The government required banks to borrow money without risk assessment

to borrow money

Such a lenient borrowing policy

also laid a mine for the next crisis

Dazhong borrowed 300 million

to buy raw materials

I thought I could make a lot of money with this single

However, the crisis came first

First, the bill of exchange became a piece of paper

There was no more acquirer

The raw materials also became a debt

Da Zhuang was in pain

More miserable is still behind

Dazhuang thought of selling his house first

to pay off part of the debt

But when he walked into the agency, he found that

The house has plummeted

Many people came to sell their houses

The house directly cut off 30 million

Dazhong had to turn back

The supplier who encouraged Dazhuang before

owed more debts than himself

He had no choice but to

He mortgaged the house

Then hanged himself in the house

Not only Dazhong

People at the bottom jumped from buildings

Jumped from the river

The number is countless

Unemployment rate is soaring

The suicide rate

has increased to 40 percent.

The crisis is already here

And it's getting worse.

Major corporations, previously the backbone of the economy, have gone bankrupt

The stock market has collapsed

The exchange rate has soared

But some people are crying

There are also some people laughing

Jungmin is one of them

They are taking advantage of the crisis

Making a fortune

Bankruptcies, debts, businesses closing down

The accelerated devaluation of the currency

Market collapse

The nation is wailing

But in the midst of this crisis

There is a group of people who are laughing all the way to the bank

Jungmin is supported by the rich and

middle-aged men

exchanging dollars in a big way

Waiting for the exchange rate to collapse

The exchange rate tripled

Jung-min made a big profit

With dollars in hand, he bet on the right thing

The three of them walked into the stock exchange

It was a mess in front of them.

People were screaming in pain.

Only the three of them laughed with excitement

Jung-min looked at the rich kid who was laughing like crazy

He raised his hand and slapped them

He said

At this moment

This is the moment when my life and class

The moment when my status has changed

Contrast that with

those stockholders who collapsed

Next

He decided to keep betting

First he bought up

properties that were sold off on the market

Then

He concluded that the government would seek

International Monetary Organization for help with its needs

and sure enough

the top steamroller discussed whether to seek help

while the Undersecretary of the Treasury was already in action

He secretly brought the IMF

IMF chief to Korea

His plan is to prepare to support the Zaibatsu

Xiao Mei knows

Can't let the IMF in

Southeast Asia is a previous example

Let them come in

The economic sovereignty of his own country

will be completely deprived of

The top brass knew the danger

Decided not to seek help

But the crisis continues

Businesses continue to collapse

Suddenly

Previously decided not to seek help

chief economic officer

was suddenly removed from his post

directly to ask for help

on the grounds that during the presidential term

The country must not go bankrupt

The official level is too high

The top brass started talking to

the president of the international currency

The other side really put forward

A series of unacceptable conditions

But Korea had no choice

In addition

The president was accompanied by a heavyweight

U.S. Secretary of the Treasury

Now Xiao Mei understands everything

The president is to let

United States to enter the Korean market

dominate the Korean economy

But at this time, Korea was already in a desperate situation

If it does not accept help, it will declare national bankruptcy

Now the exchange rate continues to fall

Korea has almost no leverage in its hands

The trading positions of both sides are completely reversed

Keep the big corporations

Keeping the big plutocrats

This is the only way to keep from going bankrupt

At the expense of

The general public and SMEs

Mergers and monopolies are inevitable

Little America is fighting like a mantis

The whole hierarchy has offered to accept assistance

She wanted to publicize this

The unequal treaty was publicized

But the reporters received the news

But no one dared to report it

Finally

the new CEO decided to sign the agreement.

To accept the aid

Jungmin had bet right again.

Now he's a success.

Traveling around talking

Earned a lot of money

Dae-jang continues to struggle.

Owning his own factory

Now he has become

The person he used to hate the most

Constantly oppressing and exploiting workers

And Xiao Mei then cut short

her own career as a civil servant

seeking help from a financial firm.

Continue analyzing the economy

The crisis is over for now.

A new crisis is coming.

The tide is out.

Who is swimming naked?

It's obvious at a glance.

So accumulate your knowledge.

Respond to the crisis.

That's the way to go.

Well

This is the end of this video

If you like it, don't forget to like attention

See you next time

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