Limitless Dream
[394] Gold Currency (1)
Private bonds? ’
"Issue and buy debentures"? ’
I was momentarily silent by what I didn't understand. I did not immediately realize the meaning of Kim Beom-Seok's speech.
I can't believe you'd issue a mortgage and buy currency. What did I want to say?
“This is the type of bonds to be issued by the H consultant. Please look at the screen. ”
Immediately, a large screen came up with several types of ‘debentures’ in the form of bills and coins.
One of the reporters who was staring at it blankly said like a mutter.
“That... is money, right? ”
“You're going to issue money from an H consultant? ”
“No, it's not a consultant, it's a Dr. Han Seo-jin individual. ”
“Is that legally possible? ”
“What are you talking about? When did Vice President Kim Beom-Seok say money? I just said corpse.”
“Only shapes are like currency, not all of them are claiming to be private loans, so there is no law against it.... ”
“At the end of the day, you want to sell your debentures for money. What about interest rates? How does the bond guarantee its safety? What the hell are you gonna do? ”
“What about the name of Dr. Han Seojin? ”
“Don't be absurd! I told you it was an unlimited purchase, but how are you going to afford the dollars you're spending now? And bonds, of course, give interest, but never mention that. ”
Because he did not understand the nature of the bond, his voice grew higher and higher and the confusion did not show any signs of settling.
Kim Beom-Seok enjoyed watching the chaos and clearing his throat as if sending a signal. Journalists stopped arguing and turned to him.
“You said that the stability of the bonds is a problem…… but the problem can be solved simply with physical collateral. ”
The screen changed with a small gesture.
A dark universe appeared on the screen. You see a fast-moving asteroid.
Enlarging the screen, asteroids begin to appear in clearer resolutions.
An asteroid was covered in a blanket of sheen. Reporters looked at it curiously. They are not aware of the situation yet.
“What's that? ”
“Isn't it an asteroid? ”
“What does that have to do with the bond security? ”
Kim Beom-Seok's smile darkened. He looked like a frogman with a big joke on his face.
‘You're all going to be surprised. ’
He trembled at the shock as he prepared his presentation in advance. It was because the card prepared by Han Seo-jin was great.
Bringing a golden asteroid from space! This is just like the rebirth of gold standard currency.
You've been chosen to press the bomb's switch.
Kim Beom-Seok had to suppress his trembling breasts from breaking.
“What you're looking at is an asteroid, Dr. Hanseojin, orbiting with ether power. This asteroid is currently in orbit, with more than 99.99% pure gold. ”
The journalists froze with their mouths open. His body was stiffened by the shocking announcement.
Kim Beom-Seok enjoyed this moment so much. He tries to keep his excitement secret and passes the announcement to the next chapter.
“The gold that makes up this asteroid will guarantee the value of the bonds issued, and the total weight of the asteroid is……. ”
Instead of speaking, Kim Beom-seok opened his eyes. At that moment, I felt like I had misread the letters.
He rubs his eyes and checks the letters of the announcement again. However, no matter how much I double-checked, the letters did not change.
“What, what's going on? ”
“Why aren't you talking? Is there a problem?”
The roar grew. Kim Beom-Seok came to his senses.
He held back his lips from fluttering, and his voice was firm.
“It's about 10 billion tons. ”
A nuclear bomb has dropped.
* * *
- Dr. Han Seo-jin, our American hero, has made an amazing announcement. We're going to issue gold based debentures to stabilize the financial markets. Is this legally possible?
- Yes, you can. Bonds can, in fact, be issued by anyone with a legal requirement. No problem at all.
If you bring a bond at any time, it will be in exchange for as much gold as it says on the certificate, then it's practically a currency. Is it okay for an individual to issue this kind of money?
- No problem at all. It may actually be used as a currency, but it is only a legal certificate of non-transferable weapons. Just because people use it like money doesn't mean that the laws of money apply.
- How much is 10 billion tons of gold worth?
― A little over $50. To put it simply, it costs about 60 million Nimitz-class carriers to build. We might be able to buy the whole planet.
- If the enormous gold is unravelled, the value of gold will fall.
- No, gold is just a means of securing the value of the bond. In fact, Dr. Han Seo-jin stated that he had no plans to release gold directly into the market. The value of gold may be somewhat degraded, but there will be no such terrible wave as people imagine. In the marketplace, people will trade bonds.
- So what's going to happen?
― Currently, there are overlapping evils around the world and the dollar's value is volatile. The major criticism here is that the Federal Reserve has failed to respond properly. Bonds are a great alternative to solving that confusion.
― There is a conspiracy theory that American citizens are suffering from economic turmoil, and that Wall Street has deliberately increased chaos in order to make a profit.
- It's just a conspiracy theory, but the point is that a lot of people believe in that conspiracy theory. However, the bonds issued by Dr. Han Seo-jin as a gold collateral will be able to put that confusion to rest.
― Wouldn't there be a problem if the bonds were released on the market in bulk? For example, counterfeit papers.
― I think we will apply just as much anti-counterfeiting technology as formal currency. And counterfeiting has been around all the time. In all seriousness, the third country is probably still producing dollar counterfeit bills at this very moment.
- If you buy dollars or other currencies at random with bonds, won't Dr. Seo lose money?
- It would be an enormous loss. But the damage is just a number. Dr. Han Seo-jin is going to have more influence than he's going to lose.
The expert who was invited to the interview said in a confident voice.
- It might have a lot more influence than a federal bank to photograph a contribution.
* * *
The door opened roughly like a crack.
With a quick exhale, Carlos sees the first arrivers sitting in the conference room.
They were looking pale together.
Carlos quickly sat down.
Elen, the president and head of Morgan Bank, led the meeting. His hair was already drenched in cold sweat.
“Who knew Dr. Han Seo-jin would do something like this? ”
“Does it make sense for an individual to issue money? This is ridiculous! The Federal Government must step up and sanction it! ”
“It's not money, it's mortgage bonds. ”
“It's just a clever name change. Is it enough to issue a private currency and insist it is a note? It's not.”
Carlos stared at the executives with a stiff face.
Who would have imagined bringing 10 billion tons of asteroids to Earth?
But soon, he shook his head and blamed himself.
‘I should have expected rare soil from space. This could happen. ’
Regretting hitting the ground is already too late.
Something happened, and I had to fix it somehow.
The status of the Federal bank for capturing fiat currencies was absolute. As a shareholder of a Federal Bank, you should not be ignored.
An executive cautiously speaks out.
“There is a problem with the money bill passed this time. ”
“Why the sudden announcement? And you have a problem with that? ”
What do you mean, "Money Laundering Amendment"?
The executives curiously looked at the speaker and began to look stiff one by one.
They also began to realize what the bold experts and speakers meant by that.
“The amendment contains provisions that strengthen the authority of the Federal Bank shareholders……. This is significant, even if the dollar is a fiat currency. If the money goes up in a new reserve, the federal bank is a fool to do anything about it. It becomes a beggar's hut. ”
“No way, so far.... ”
“I agree. The amendment includes all kinds of benefits for shareholders, but if the gold coin replaces the dollar, the amendment is completely meaningless. ”
Carlos' heart beat violently. He said without hesitation.
“We need to move the White House and Parliament. ”
He was relieved that Chris was the president.
If Cleton had joined, those who dominated the reserve could have lost everything in a heartbeat and turned into fools.
* * *
A golden asteroid arrives on Earth about five months later.
Even though they had not yet come into contact with the entity, the notes issued by Seojin began selling beautifully.
The market chose to buy a note instead of a dollar for which maintainability of value was unstable.
The fastest moving country was Japan, where the Japanese government paid more than 70% of its dollars to buy bearer bonds.
The remaining 30% were everywhere for convenience of short-term mobility.
South Korea, which holds $350 trillion, also took the position of Buryanburia and turned it into all foreign currency bonds. Companies in both countries were also rapidly imposing on this trend.
The same was true of large American companies. They traded all the dollars they had stacked up into bonds.
H consultants announced a fixed exchange rate of dollars and bonds on a daily basis. The exchange rate varies depending on the value of the market dollar.
“Better to trade it for gold instead of jumping dollar. Bond certificates are like gold after all. Plus, I like that it doesn't cost much. ”
“It's a thousand times better to trust a doctrine of martial arts than to trust a greedy rank. ”
As U.S. companies and governments and businesses from both Korea and Japan began to dispose of the dollar in a frenzy, other countries were also imposed on the flow of Jigsaw.
Bonds were sold not only in paper form but also in electronic form, so instant transactions were made without any volume spilling in spill.
And finally it happened.
McFly paid $500 million worth of semiconductor payments from SJ Industries in gold bonds, which SJ Industries accepted.
It was the first transaction between private companies through gold bonds.
Reviews of works
It will absorb, absorb and absorb the dollar.
Until all the dollars are gone!
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