066 Ex-Accountant’s Management Skills (1)
A country’s credibility is not high simply because of its military power and a large flow of gold.
This is now and will be in the future.
Lee Hwan was never someone who would quickly revise the data and adjust the rating just because the British were dissatisfied.
This is because the chart was not made for that in the first place.
Of course, ESM was by no means an honest company.
‘To be honest in this day and age is nothing but foolishness.’
That didn’t mean I was going to cheat by manipulating the charts.
It was only to come up with a way to improve the UK’s credit rating and adjust its rating.
However, for that to happen, there must be something to receive the disease as well.
“A correction to the chart requires an objective assessment of how well the UK can handle its current national debt and national household debt.”
“Isn’t the rating adjusted because of that evaluation now?”
“It is, but if the British government moves directly, this problem can be solved surprisingly easily.”
“Oh, what is that?!”
Lee Hwan smiled softly.
If you were curious, you could either pay money or provide documents.
British Treasury officials seemed frustrated and asked Lee Hwan directly what he wanted.
“No, if there is something you want, just say it. Don’t make people frustrated.”
“It’s because our East Stellar Company’s land is a little small.”
“You mean Ritterkirk?”
“Yes, it is. Even after moving to New Literkirk, the expansion of young real estate was not enough… … .”
“At the end of the day, you are asking for land.”
“I am not just asking for it. They want us to be able to buy parts of North America at low prices.”
“… … I guess that’s what it is.”
In the future, more land was needed to train the military and pour out military supplies.
To be precise, it needed a basis for obtaining the manpower and resources necessary for military training and production of military supplies.
British Treasury officials mentioned Lee Hwan’s proposal as a direct nomination.
“Then where would you like to go?”
Lee Hwan promptly offered the answer.
“I like Southwest Canada.”
“… … Hmmm, southwest. It must be noisy because of the border dispute with the United States these days.”
“it’s okay. Because I can figure it out on my own.”
Lee Hwan bought only gold mines in Montana through a real estate transaction with the United States.
Now, all you need to do is find gold there, mine it, and sell it, and you need an area to be a base for.
That is, the idea was to create a route that would draw money lines to mobilize military supplies.
Whether you are aware of that idea or not, the UK has made a rather big decision.
“I’ll cut it down to the Reblostock border, the lowest part of southern British Columbia from Vancouver to Grand Fox.”
“… … If that happens, the land mass would be quite large, wouldn’t it?”
“Well, I can afford this. Land is not that expensive.”
There was a feeling of sprinkling it as if it was a favoritism because it wasn’t on the mainland, but it didn’t matter to Lee Hwan.
He smiled capitalism.
“Also! You have a big barrel!”
“We are.”
It is not so easy to obtain such a large land without war.
Hana Yi-hwan had obtained the territory without shedding a drop of blood, as indicated in the Law on the Battle of Son Tzu.
“Now, let’s get some of the tricks you were claiming out.”
“Haha, is that so? Let’s have a look at the data and talk about it.”
The East Stellar Company’s secretary’s office brought data on the allocation of firearms according to credit ratings.
Lee Hwan continued his explanation based on him.
“If the Netherlands were to give up their share of the 200,000 guns we have, the U.S., second in the credit rating, would receive an additional 2,500, for a total of 27,500.”
“Then what about us?”
“The third place in the credit rating can receive 22,500 tablets.”
“Ugh.”
“As I said before, if you pay gold in cash, the amount of guns paid will vary. How are you going to make the payment?”
“I’m thinking of getting the lease up to the top of my credit rating.”
“Then you can lease 12,000 tablets, and you have to pay the rest in gold. Of course, the price for the gun must be paid immediately upon receipt of the transaction. We don’t take trauma.”
“Well.”
“If you have more gold you can pay with no credit, you can get more guns, regardless of your credit score.”
“We know that.”
“Now, there is a twist here.”
After swapping the US and UK rankings on the credit rating table, Lee Hwan raised the lease limit to catch it.
The lease limit was then increased to 18,000 tablets.
“You can do this.”
“… … How is this possible?”
“The Bank of England issues subordinated bonds and passes them on to investment companies. Once we do that, it lowers our equity-to-risk asset ratio, which takes our institution’s credit rating a step up in its investment grade.”
“iced coffee! It’s about diversifying the risk of bonds!”
“That’s it.”
“Huh, such a graveyard?!”
“Also, if the Bank of England brings in guarantees for the national household debt, the risk assessment is slightly reduced. It is tied to subordinated debt and even household debt is settled in one shot.”
“… … You are a genius too!”
“You’re welcome.”
If such a design was made for the state in modern society, what kind of person would Lee Hwan be evaluated?
If you look at the conditions Lee Hwan has laid out now, the British gentry class could have fallen apart in one shot.
This is because subordinated bonds were like a time bomb that delayed the repayment of bonds in the end.
‘People who buy bonds are mostly gentry or aristocrats. So far, I’ve been eating well and living well by looting the colonies, so wouldn’t it be okay if I put some straws in now?’
The UK is a country where the rich get poorer and the poor get poorer, so even if you return bonds anyway, you can’t buy well below the gentry class.
Lee Hwan was trying to extort money by taking advantage of the fact that Britain is an aristocratic society.
The British Treasury liked that they received fairly good conditions.
But there was no end to their greed.
“No, wait.”
“… … ?”
“What if guns were purchased at the corporate and individual level rather than at the national level? So what happens? Is that also affected by the national credit rating?”
“Yeah… … .”
“… … Isn’t it?”
As of now, there is not much set up about fair trade law and international trade law.
Even if it was a law, there were more de facto customs based on social norms, and international trade law was often set by the British-led Vienna Conference.
‘What is it, you’re going to buy a lot of guns through private leases and procure weapons at low interest rates?’
It was the calculation of the Ministry of Finance that Lee Hwan had absolutely no answer if Britain was to fight for free firearms through private leases.
However, that was just the thinking of the Ministry of Finance.
Lee Hwan smiled softly.
“Well, you do.”
“haha! Then we must bring in all the nobles and knights right now! Thank you so much for the answer!”
How can you go around flirting with the fact that they do what they want?
Lee Hwan was amazing, but it didn’t matter what happened.
After all, whether it was a personal lease or whatever, the repayment of debts was the responsibility of the Ministry of Finance.
He puts one more condition here.
“Then I have to adjust the amount of the lease through personal credit evaluation, are you okay?”
“It doesn’t matter. That’s what East Stellar takes care of.”
“… … right?”
***
The swamp of Eaststellar was sucking up the entire British economy.
However, only they did not know it.
Lee Hwan delivered instructions regarding this to the accountant and the financial management department.
“If you have a business or individual that wants to take out a loan, do a credit evaluation first.”
“Then you need to figure out the size of your loans and bonds, and look into your annual income and assets in detail.”
“That’s right. You get something like a tax certificate, do a re-investigation, and then evaluate your credit rating.”
“Are you evaluating an individual’s credit rating so that they can differentially adjust the loan amount?”
“It’s not just the money. The lower the credit rating, the more systematic the criteria for raising interest rates and securing collateral.”
“all right.”
People who learned standardized accounting from Chuck and Lee Hwan now have advanced economic ideas themselves.
Therefore, when Lee Hwan gave instructions, he was able to move quite actively.
However, Lee Hwan still had too many instructions to give.
“And again… … .”
Lee Hwan started pasting a long list of numerous other terms and conditions.
The amount was so large that even the eyes of the accountants who took it down trembled.
In addition, most of the terms and conditions were that East Stellar would pay the lease, but would never take responsibility for any problems in the future.
“… … No, how do you put so many terms and conditions on paper?”
“If one sheet is insufficient, divide it into two sheets, and if two sheets are insufficient, divide it into three sheets. If that’s not enough, you can make a booklet and get it signed.”
“Are you really okay?”
It was something that made the viewer think that he was tired of it.
However, Lee Hwan laughed lightly.
“Well, with this. Anyway, ESM should go to the UK with these conditions and get an accreditation. Also, in connection with East Stellar Finance, if the UK government applies for a private gun lease, please allow these conditions to be applied.”
“Yes, I understand.”
“By the way, if things go this far, it would be important for the bank to prepare.”
Although the Bank of England took on the risk of a sovereign bond explosion and touched a private gun lease, Lee Hwan also needed to be prepared for it.
Isn’t finance a business that requires economies of scale?
Lee Hwan instructed him to bring data about the current operating performance of the banks.
Soon, a person was sent from the Morgan family, who was the de facto representative director of East Stellar Finance.
“This is Hans Morgan. This time I was sent to the London Financial Markets and just returned.”
“okay. What is the mood in the UK branch?”
“Since we, East Stellar Finance, are in the business of buying a lot of bonds and normalizing bad debts, we tend to ask for a lot of loans from us. Even so, it is difficult to find bank loans as the British financial capital is drying out these days, but since we have so much gold, everyone says it is a long way off, and people come and visit us.”
The high demand for the colon naturally leads to an increase in the call rate, suggesting that money is drying up in the UK financial market recently.
Even after spending so much money on colonization, they are still participating in conflicts and wars in Europe, so the money naturally runs out.
“Well then. Spending so much money… … .”