Plot "The Day the Nation 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
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See you next time
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