European Financial Emperor

Chapter 24

024 Vulture Fund (1)

In May of this year, after Napoleon Bonaparte’s death from arsenic poisoning in St Helena, Spain’s power began to decline like a curse.

The War of Independence ended with Mexico’s victory when Spain signed the Treaty of Cordoba during the War of Independence with Mexico.

After Panama, Honduras, and Costa Rica became independent one after another, Spain lost its influence throughout Latin America, including Central and South America.

As a result, the value of Spanish government bonds has bottomed out, and the value of French government bonds has also fallen to the ground.

In the past, investors were more inclined to think that Britain would lose in the Great French War than that France would lose.

For this reason, between 1814 and 1815, at the end of the Great French War, British government bonds were sold in all directions, causing the Bank of England to collapse and the entire city of London to go bankrupt.

However, after that, Britain was victorious in the Battle of Waterloo like a lie, and France was reduced to a defeated nation.

As a result, a recession has now come to the United States, and many European gentries have collapsed.

In the process, Lee Hwan pulled out a card called Reverse Idea.

Joshua Rose doubted her ears after hearing Lee Hwan’s orders.

“… … What are you going to buy?”

“French national bonds. If possible, buy some Spanish government bonds as well.”

“Right now, the government bonds in France and Spain are so low that they can’t even come up with paper prices.”

“I know. So I’m going to buy it.”

“Great.”

What would be the benefit of Lee Hwan buying French and Spanish bonds?

Today’s French bonds were virtually no different from default bonds.

This was because, of course, a country that had lost the war had to pay reparations and repay the war expenses it had spent so far.

Nevertheless, the reason Lee Hwan wanted to buy the bond was in the future.

“Have you ever heard of a vulture fund?”

“… … What fund?”

“It’s a vulture fund. Why, when the war is over, eagles come from all directions and eat the corpses. Like a janitor.”

“In other words, are you saying that your boss is going to take on the role of a scavenger in the Great Buddha War?”

“You just saw it.”

“Huh!”

“In addition, buy all corporate bonds including general bonds.”

“that… … .”

“But there is one condition. When you buy a bond, please submit a report to me first for review.”

Joshua Rose looked like he couldn’t understand why Lee Hwan was doing this.

For Hana Lee Hwan, vulture fund is a very familiar word, and it was not difficult to explain it.

“Ah, why are you doing this? It’s simple. We can’t sell fruits that have withered out of season, so we’re selling them with fruit wine.”

“Are you a fruit drinker?”

“The soft grapes that fall on the floor of the orchard after the rainy season have lost their value. However, if you dilute it into wine and sell it, you will make a profit. That’s the principle.”

“So, you mean picking up the debris that fell after the Great Buddha War?”

“Rather than that, we take control of the French infrastructure that was torn apart in the Great French War. And that’s almost cheap.”

“Huh!”

“If there is a chance later, we could wipe out all of England, Prussia, Austria, Russia and even the Ottomans. It is such a time now.”

Europe is truly a continent that eats war, and all mankind has always been like that.

However, no matter what war is waged, an astronomical amount of money is involved.

Although the types of weapons vary according to the times, the price of weapons used by soldiers remains the same, and the food they eat and the clothes they wear are the same.

In addition, as the war continues, we have to focus on developing weapons, so the cost of warfare continues to increase.

In the meantime, it was natural for bad debts to arise.

“Now do you know? Why did I give this order?”

“… … I fully understood.”

Joshua began writing down Lee Hwan’s instructions on a notepad.

Then, Lee Hwan gave him one more instruction.

“One more thing while purchasing the bonds of the Governor-General.”

“You order it.”

“See if you can set up a loan, or a financial institution that accepts receivables.”

“Where are you talking?”

“England, Prussia, Austria, France, everything is fine. Holland is fine.”

“You want to be a banker?”

“Actually, I want to be a financier rather than a banker.”

Finance has a fairly comprehensive meaning.

Commercial banks that mainly provide loans and deposits are finance, and investment banks that broker investments and mergers and acquisitions are also finance.

In the future, finance will be subdivided by the Bankruptcy Separation Act, and those who violate it will be subject to legal sanctions.

But not now.

You can lend money, run insurance, invest directly or attract investment, or all of them with finance.

I know how to make money, but what if I put finance on my side?

As the times are the times, Lee Hwan will have tens of thousands of ways to earn money.

Banks were just one of them.

Hwan Lee was thinking of investing in the stock market once the bank is established.

“Please recruit some financial and stock market experts to follow my directions as you prepare your bank.”

“Are you an expert?”

“It’s not just about being good at math or having a little brain.”

“Well, then, I do have a few good friends.”

“okay?”

“I have a friend named Morgan who lives in England, would you like to meet him?”

“Who are you?”

“My name is Steve Morgan, a friend who works at a bank, and his son has a crazy brain. They said that no one in the neighborhood knew John Morgan.”

People of the future will not be able to know the name Morgan.

However, although JP Morgan was not yet born, his family was originally from a family of financiers, and his father, JS Morgan, was also a great wealthy man.

The head of the Morgan family was now following his father and tapping the calculator.

Lee Hwan was excited.

What a coincidence to bring the future emperor of the financial empire into his own hands.

He managed to calm his excitement.

“Yes, let’s see.”

“I thought of him because he was resourceful, but he is also very famous in London.”

It may not be a coincidence that Lee Hwan met the Morgan family.

Britain in the 19th century was certainly a financial center, but the people who worked there were quite famous people could not know each other.

So, if the relationship between pulling and pulling each other continues, of course, the relationship was bound to continue even to Lee Hwan, the servant of the Dutch nobleman Ben Heeren.

This is the power of human social networks.

Lee Hwan, who had no way of knowing what the relationship was, immediately sent Joshua to England.

“Leave now.”

“all right. I will pack my clothes and leave for England.”

Joshua’s biggest advantage was that he was very good at acting.

Lee Hwan gave Joshua plenty of travel expenses.

That night, a welcome guest came to Ritterkirk, where Joshua Rose had left.

It was Andre.

He came to Lee Hwan and greeted him.

“Master, please accept me.”

“If you are a Catholic, what kind of bow do you offer to people?”

“In a distant land, the master and I are the only two left, shouldn’t we protect what we have to protect?”

“Heh, it’s okay. From now on, let’s just shake hands.”

“But what if we forget where our roots are and what kind of people we are?”

“It will never happen. look at my hair color You seem to have forgotten what kind of nation you are.”

“Haha, will that happen again?”

From time to time, Andre seemed to be a respectful person to the point of thinking that he was a scholar to the bone.

There were times when I thought that it was a bit excessive even for Lee Hwan, who was born and raised in the Eastern Court of Courtesy.

No matter who he was, there was no doubt that he was a welcome guest to Lee Hwan.

Lee Hwan thought he was quite tall now, so he was able to enjoy his drink with peace of mind.

“Would you like a light drink?”

“It’s a drinking party with the master, I’m so impressed. But we have a long way to go.”

“Where are you going again?”

“I am going to Austria.”

“Austria?”

“It’s right next door, but I still can’t slow down my steps.”

“What is there? Are you going on a pilgrimage?”

“Haha, that’s not it. I have some people to meet. A woman.”

“… … Are you a woman?”

What kind of woman was the bride looking for?

Hana Lee Hwan decided not to talk any more because the bride also has a private life.

“What… … . I hope the meeting goes well.”

“I will bring good news to you soon, so please focus on what you are doing now. Then I will.”

Andre sometimes passes by like the wind, but it was nice to be able to feel the nostalgia of his hometown when he came.

Lee Hwan followed him up to the road and stood for a while to see him off.

***

Late night alleyway in Amsterdam.

Aaron wearing a black cloak was waiting for someone.

It was almost midnight when I saw a person walking in the distance.

“Is that person?”

A man wearing a white beret and a red cloak sneaked up to Aaron.

Then he shook hands with Aaron.

Aaron, who suddenly received his handshake, asked as he held his hand.

“Are you Liu Chuan?”

“exactly. I am Liu Chuan.”

From black eyes to black hair, he had the perfect Asian appearance.

Aaron asked his ex-wife Sylvia to introduce him to someone who was familiar with Northeast Asian trade, and she did.

The person introduced by Sylvia was a Chinese named Liu Chuan, who wrote a letter of introduction again saying that he had a knack for smuggling opium.

‘You look like that little boy.’

Liu Chuan and Yi Hwan had the same hair color and eye color.

The only difference was that Liu Chuan was less than 160 cm tall and had a very dark skin color.

Taken from readwn.com

Moreover, Liu Chuan was so thin that it felt like only his bones were left, and he had little muscle in his body.

It was only today that Aaron realized that Lee Hwan had a large body and strong body for an Asian size.

“Can you give me Oriental information?”

“If only it were money.”

Aaron threw a bag of gold coins at Liu Chuan.

“Can you tell me about the person named Buwongun and the Kim clan?”

“Well, nothing difficult. You can’t live in that country without stepping on Kim’s land.”

“… … Are you saying you are a great nobility?”