Chapter 100
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Translated by Heavenly Cat
Read it only at Novelbyu.com & Utoon.net
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“President. This is the list the foundation selected through investigation.”
As soon as Gwangwoon Foundation was newly established, they went searching for places desperately needing our help.
They distribute donations comprehensively, but among them they created a system together to select special students and give scholarships intensively.
And through investigation, a list selecting capable friends desperately needing financial help was completed.
“…”
I examined the names on the list.
According to my separate request, the foundation wrote each student’s profile in detail.
Because that way I could obtain information about them and exercise my intuition.
‘Indeed.’
As expected, as profiles on the list entered my head, lights started turning on for each name.
One thing I can know is that our foundation people work very well.
Perhaps that’s natural in a way.
Especially because I directly selected employees who select lists.
‘Starting from people emitting the clearest light.’
Though I planned to give support funds to everyone here, I planned to give the best support to students showing the best light here.
Until they become adults and firmly establish themselves.
“Please put students I checked here on the intensive support list. And proceed with basic support programs for other students.”
“Ah, yes. President.”
Following my instructions, the foundation found students in various fields and created lists.
More students in our country needed help than expected.
That a guy who only played games in his room could grow and help students desperately needing support.
Should I say it’s a new feeling?
Though I don’t know how far they’ll fly after receiving support, I hope they become excellent people who can have a big positive influence on this country.
Because I started this foundation with that one belief.
“…”
I looked at Deputy Manager Ahn who was hesitating after receiving the list.
“Do you have something to say?”
“Ah, well.. Deep OTM options typically mature within 72 hours, but the ones I’ve targeted will mature within 24 hours.”
Deep OTM.
If British currency value plunges, it’s a so-called gambling-like put option product that pays corresponding costs.
In other words, like lottery tickets where you buy with premiums like other products and receive jackpots when something really happens?
My intuition pointed there first.
I too naturally hesitated knowing what this meant.
But my intuition kept pointing at that item, and I accordingly told employees to find and scrape together all Deep OTM products scattered in the current market.
If my intuition is right this time too, I’ll gain money exceeding several trillion won.
But if wrong, conversely premium costs of hundreds of billions fly into the air.
And there’s one problem.
As Deputy Manager Ahn just said, this OTM was designed gambling-like from the start, so maturity deadline is very short.
Only 24 hours remain now.
If something doesn’t happen within this, hundreds of billions we scattered fly away without any earnings.
Actually I too was nervous being human.
Even knowing intuition was never wrong once, I always have such anxiety.
The anxiety that maybe it could be wrong once sometime.
“Please keep watching.”
“…Yes.”
But the die was already cast.
***
“Deputy Manager Ahn. What did he say? Did you ask?”
“About OTM?”
“Yeah.”
“He just said to watch.”
“Nothing else at all?”
“No.”
Team members let out short groans.
Not only OTM, but other things are problems too.
President Jeong Jin-ho scattered money here and there as if Britain would collapse tomorrow.
Including very extreme products too.
Looking at President Jeong Jin-ho’s investment tendencies until now, though always aggressive like this..
“It wasn’t this much, right?”
“Right. No matter how much he did short selling, he never put money in sides with such short maturity deadlines.”
OTM expires within 24 hours, and other products still have deadlines remaining but it’s tight.
Also usually even doing short selling, he spaced it over several days.
However, this time he found only volumes that could immediately digest all amounts and put money in.
What would this mean?
Not that Britain just shakes, but that Britain’s market will be covered by history’s largest financial crisis.
When that time comes, all stocks will hit lower limits, and if short selling was done in advance, it means making money wherever you put it.
“But can Britain become like that within 24 hours? For it to go as President wants, a flash crash must occur, but there’s no trigger for that?”
Flash crash.
It means a specific stock experiencing big plunge in very short time then recovering again.
“No. President isn’t simply aiming for flash crash effect. What could be a trigger in Britain now?”
“No-deal Brexit?”
“Right. Perhaps real no-deal Brexit could come.”
“But.. Even if no-deal Brexit happens, the market collapses enough to trigger OTM?”
That was true too.
No-deal Brexit.
It will be a shocking event for Britain.
If no-deal Brexit really bursts, British markets shaking is correct, but they won’t be destroyed to the degree of getting smashed like Japan.
Because British securities have a scale reaching 3 times Korea’s securities.
It was even bigger scale than France.
If it were someone else, they’d think the president finally went crazy.
But Manager Seo who experienced the person called Jeong Jin-ho for several years was the opposite.
“What on earth is going to happen in Britain…”
***
Raynold Veil was shaking his legs uncharacteristically.
Soon the employee he was waiting for rushed inside hurriedly.
“So. What happened?”
“I checked once more, and it’s already decided. No-deal Brexit absolutely won’t happen, and they’ll extend the period long.”
“You’re sure? Really not no-deal Brexit?”
“Yes. Because if it happened that way, not only Britain but other European countries would also suffer damage together, so they said there won’t be such extreme choice. Since it’s information obtained from EU internal side, it’s certain.”
Right. That’s correct.
No-deal Brexit is impossible.
“But why on earth are these bastards…”
The problem was Gwangwoon.
“Maturity has 24 hours left, right?”
“Yes.”
“Sigh.”
After 24 hours, the EU will announce that no-deal Brexit absolutely won’t happen and they’ll extend negotiation period.
But does Gwangwoon not believe that information?
They bet on Britain collapsing within 24 hours. For what reason exactly?
“Director. Doesn’t this mean Gwangwoon has wrong information?”
“Could be. But think about it. Would Britain’s economy really collapse just because no-deal Brexit happens?”
“There’d be big shock but.. Not like Gwangwoon bet now.”
“Right. That’s why I’m going crazy now. What information exactly do they have to be so confident?”
Already bald, but it feels like hair is falling out.
Clearly something seems to exist, but even turning all Gold Reagan’s information power, no answer came out.
“Can’t we just ignore it?”
“Ignore it? If Gwangwoon’s information is right and British securities really get smashed within 24 hours, do you know how much money we’ll have to pay then?”
Gwangwoon scraped together all OTM that exists.
Also bought various derivative products.
“If Gwangwoon’s prediction is right, from our Gold Reagan first, financial companies that scattered derivative products all get fucked. And also means all our stocks entered in Britain plunge.”
That’s why Raynold had to decide.
Ignore it like this?
Or prepare like Gwangwoon?
Time remaining is 24 hours.
If something really bursts, it’s already late time, but still it might be golden time where giving just one arm can save other things.
“What about other financial companies or funds? If Gwangwoon attracted this much attention, everyone should
know by now?”
“Yes. Actually because rumors are spreading fast, bear funds already withdrew. Since it’s late to enter hitting short selling, they’re at least cutting losses first.”
“Those crazy bastards are getting scared and withdrawing?”
“Originally bears are Gwangwoon’s fanatics. But because Gwangwoon moved suddenly, they also couldn’t follow positions in advance. They chose the method of escaping to reduce losses at least.”
An awareness game started.
The problem is that bear funds where quite crazy bastards all gathered got scared first and withdrew.
Meaning that..
“Other bastards will also withdraw soon.”
That bears supposedly injecting money mindlessly without reason caught their minds means something really big happened.
There Raynold also made a decision.
“I’ll report to superiors now and come back, so tell all departments. From now on, withdraw all products related to Britain at once, or retrieve them. Also tell them to throw all stocks entered in British securities at once.”
“B-but if suddenly throwing that large amount, losses will be..”
“They’re probably all clearing positions knowing or unknowing now. So we must shake off faster than those bastards. Otherwise only toilet paper might remain. Move quickly.”
Time remaining is just 24 hours.
It was tight.
That’s why he had to hurry.
Raynold, who was tidying his tie neatly to report to superiors, breathed a deep sigh.
Exactly what information do you Gwangwoon bastards have?
Then suddenly this thought occurred.
“But.. What if there’s actually nothing?”
No no-deal Brexit, and actually there’s no event shaking Britain’s economy within 24 hours either. But regardless, everyone drunk on madness started throwing volumes.
Because the one betting is exactly Gwangwoon.
Weren’t Gwangwoon’s shocking investment techniques shown until now things worthy of remaining in world history?
“What does such thing matter now?”
Even if all this was Gwangwoon’s fake, it doesn’t matter.
Because events are already occurring because of them.
***
Prime Minister Theresa March secured negotiation time with the EU to firmly grasp shaking approval ratings.
Many people will criticize that, but it’s fine.
If she finishes negotiations well, even if people curse her right now, evaluations will gradually change as time flows.
And she’ll become one of the figures remaining long in British history.
On the positive side too.
“…”
But seeing the chart before her eyes, she momentarily lost words.
“Wh-what exactly happened?”
As soon as the market opened, British securities are experiencing big plunge.
Shocked, they tried to activate circuit breakers to calm it, but it was useless.
“Institutions are simultaneously throwing all volumes as if promised. Funds too.”
“So why exactly is this happening!”
“Well.. We also can’t know the reason.”
“Wh-what? Without any reason, everyone’s hitting selling now?”
Because securities rising and falling necessarily have some issue.
But now securities suddenly had the Great Depression come without anything happening.
“Perhaps everyone’s doing this thinking it’ll be no-deal Brexit?”
“Not that. We already spread all news to securities companies. That no-deal Brexit absolutely won’t happen.”
“Then there’s nothing besides that. But why is everyone going crazy like this?”
While no one could provide answers, one person quietly opened his mouth.
“It’s because of Gwangwoon.”
“Pardon?”
The finance minister’s already white face turned whiter.
“I also just received the report, but Gwangwoon side initially poured money uniformly into stocks betting Britain’s economy collapses within 72 hours.”
“Wh-why exactly?”
“I don’t know that. The problem is as that news gradually spread, they watched each other and when the last 24 hours remained, institutions and funds all threw volumes causing this situation.”
March doubted her ears.
So now one company called Gwangwoon bet on Britain collapsing and everyone got swept up in it causing this mess?
“That’s such nonsense..”
It was absurd beyond finishing words.
The problem is this is reality.
“The biggest problem is exchange rates. Pound value fell 7% in that short time now. But if institutions keep hitting selling panicking like this..”
The finance minister swallowed dry saliva continuing the next words.
“The second Black Wednesday comes. Perhaps far bigger than that.”
What British politicians hate most is exactly Wednesday.
Because the large-scale pound short selling event George Soros caused in the past is called Black Wednesday.
“So.. In my term, and a financial crisis bigger than Black Wednesday might come?”
“Not might come, it already came to the door, Prime Minister. We’re somehow stabilizing it, but this fear is spreading beyond institutions to individuals too, so actually..”
The finance minister also couldn’t continue words.
“So didn’t I tell you beforehand? That we don’t know what Gwangwoon will do, so we must block it in advance.”
“…”
Aides’ words no longer entered her ears.
No. She doesn’t even know how to react.
Is such a thing really possible?
Without any issues, just because one financial company in Korea bet, everyone gets swept up in it simultaneously hitting selling destroying Britain’s market?
Really?