Chapter 109
I spent the next four months sleeping in cla.s.s while staying away from the frenzied New York stock market and taking over Predict. I had failed to get the First Evil, but the construction work on all of the Korean F cla.s.s dungeons I knew of were complete.
I felt like I had been freed when winter vacation came, as I now could graduate without going to school anymore. I would send in my Geom-jeong-go-shi (EN: The Korean High School Graduation Equivalency Examination) doc.u.ments next February, which would really finish off my bothersome academics. I hurried to my office building, and things were looking up. Firms were coming in, and Daemin Bank’s foreign investment department was now bigger than it had been before the IMF. While Korea still had not fully overcome the IMF crisis, things were getting better quicker than in my past life. The KOSDAQ Dot-com boom was a major factor for this, and the newspapers in my mailbox all said the same thing. (EN: KOSDAQ (acronym of Korean Securities Dealers Automated Quotations) is a trading board of Korea Exchange (KRX) in South Korea established in 1996.)
[KOSDAQ may be overheating due to the IT boom, and individual investors may suffer if stock prices fall suddenly…]
The news had been talking about the stock market non-stop for months. When the KOSDAQ seemed to have a steady growth, the so-called “financial experts” endlessly expounded on how the Dot-com boom would lead the market to a brighter future. However, when stock shares had been sold by the tens of thousands a few days ago, they pontificated about market fear, conveniently ignoring the optimistic att.i.tude they held a week earlier. The market was fluctuating in unprecedented amounts, and the entire Korean population had become stock experts.
However, no one could blame them, as most saw stocks as the only way to pay off debts in the shadow of the IMF and buy a house of their own. IT items had increased by a hundredfold in the last two months, and while they would still increase for a while, now was the time to leave.
[Account owner: Sunhoo Na.]
[Account value: 21,193,550,000 won] (EN: 31 million dollars in 2021 dollars. ^_^)
I reserved all of my shares to be sold tomorrow at market price. I could hear the partic.i.p.ants scream at me, setting the price using the market cap, but considering Korea was a seller’s market, they’ll s.n.a.t.c.h them up anyway. My real account really was not that valuable, except that Father had given me the money… (EN: Only Sun would consider 31 million US as pocket change… ^_^ ) (EN: Market cap—or market capitalization—refers to the total value of all a company’s shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares. For example, a company with 20 million shares selling at $50 a share would have a market cap of $1 billion.)
**
Jonathan called me on a day I had been working on an investment proposal.
Jonathan’s voice was filled with self-reproach, and I felt a chill down my spine.
I knew that the White House would not like an Asian teenager delving so deep into the US financial markets, a world they felt they were ent.i.tled to control and they decided to reveal my ident.i.ty if I would be earning this much money. Despite having complied with their demand, they wanted me to play by the rules THEY had set. I had forgotten their bigoted, elitist att.i.tude despite all my experiences in the past. I spoke as I fisted my hands.
The biggest reason was my parents. They were not prepared to live the rest of their lives surrounded by bodyguards. It would be like prison. Father had just been promoted, in a job he was proud of, and Mother still loved to chat at the stores with other women while shopping. Such peace would go out the window, and my movements would also be restricted. I still needed to raise my stats until the Day of Advent, and this would ruin everything. I ordered myself to calm down.
I could still act, and it was the end of the year. London, New York, and the Isle of Man would be waiting for my orders after completing their year’s-end duties.
Since everyone at that would know about me, I had nothing to lose.
(EN: Treasury bonds (T-bonds) are government debt securities issued by the U.S. Federal government that have maturities greater than 20 years. T-bonds earn periodic interest until maturity, at which point the owner is also paid a par amount equal to the princ.i.p.al.
Treasury bonds are part of the larger category of U.S. sovereign debt known collectively as treasuries, which are typically regarded as virtually risk-free since they are backed by the U.S. government’s ability to tax its citizens.) (EN: Sovereign debt is a central government’s debt. It is debt issued by the national government in a foreign currency in order to finance the issuing country’s growth and development. The stability of the issuing government can be provided by the country’s sovereign credit ratings which help investors weigh risks when a.s.sessing sovereign debt investments.)
There were financial weapons that could be used against the White House all over the world, and the bonds were one of them. While they were pricey, it was cheap compared to what I would have to give up. By buying up the US Sovereign debt held by the two biggest holders, I will hold my dagger to the throat of the US economy.
Only one thing bothered me. If the American government was financially attacked, the Dot-com bubble would explode, and things would go haywire. Of course, my goal was to make them surrender before things went there, as the only thing they would need to do was to promise me that they would not reveal my ident.i.ty. They could not have guessed that their little “leak” would bring about a financial war. I was not “little people” that they could step on with impunity. They needed to learn manners.
(EN: A Pyrrhic victory is a victory that inflicts such a devastating toll on the victor that it is tantamount to defeat.)
That would be equivalent to the National Defence Budget for America during this time.
It was then I heard Jonathan laugh.
I could pressure America by attacking j.a.pan, as the two countries are closely connected. However, the history I knew would be irrevocably changed, and a second Korean IMF Crisis would happen, as the attack would bring about a second Asian Financial Crisis. While the cash I had was only a small amount of the global liquidity, the New York firm was the only private company in the world that had ama.s.sed such individually controlled funds. That was why the White House wanted to bring me under their heel, but they picked the wrong fight…
It was then I felt the heat on my face. I had decided to act so rashly because the happy life of my parents was on the line and now realized that I could bring about a Global Financial Crisis just by trying to keep my ident.i.ty a secret. I let out a deep breath before speaking.
That was the best-case scenario, and I would have to do this personally as I could not allow Jonathan to go against his own government like this. As my head cooled down, I remembered you don’t always need to bribe politicians to control them. Threats worked too. Time to go threaten the White House. (EN: ^_^)