The Joseon Prince Went To America And Didn’t Return – 68



< Negotiation with the King of the End (2) >

“With all due respect Your Majesty could you repeat what you said earlier?”

Hence WASP (American mainstream class – white Anglo-Saxon Protestant).

You can’t help but like the so-called Wasp guys.

If an Asian says something that annoys them they pretend not to understand as if they’re hearing a foreign language.

“I spoke too quickly. President Morgan speak again… You asked me a little while ago what kind of gift you would give me. Do you understand?”

Morgan nodded.

He couldn’t pretend not to understand this time either because he was listing the words very slowly like a snail.

“President Morgan.”

“Please speak Your Majesty.”

“There is no such thing as a free lunch. This is especially true here in America a capitalist society.”

I crossed my arms and took a defensive stance then leaned back slightly.

He intentionally showed JP Morgan that he was a little annoyed.

“You are forcing a one-sided sacrifice on me now. Perhaps it is because of my past actions.”

He mentioned what happened during the great San Francisco earthquake.

Morgan thought for a moment and then poured out his heart.

“Your Majesty you are a kind-hearted man. That is why I have come to ask for your help this time. Didn’t you see when you came here? How hard it is for the citizens of New York?”

Are you asking for help because you seem warm-hearted?

no way.

You have to speak straight.

You’re looking at me like I’m some nice easygoing person right now.

“If I liquidate my short position right now I’ll lose a million dollars… no ten million dollars or more.”

The Dow Jones Industrial Average is nearing 50.

The situation is already at rock bottom.

Ten million dollars is an exaggerated figure.

However unless you are a regressor or a prophet you cannot firmly deny this.

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Because you’ve probably seen what you thought was rock bottom keep breaking through.

That’s why I bragged to Morgan about my future profits.

Morgan countered.

“Your Majesty that is an unknown future profit. If the stock price rises you may suffer a great loss.”

“You may be right the New York Stock Exchange may be moving that way. But most citizens believe that stock prices will fall further. I believe that too.”

“….”

“In this situation it would be a loss to stop short selling. Stocks are also a psychological battle between people.”

JP Morgan looked slightly troubled and coaxed me as if he was coaxing a child.

“Your Majesty did you see this when you came into my conference room just now? How many bank presidents are here now?”

“There were quite a few.”

“The prominent New Yorkers gathered here are trying to overcome this crisis by applying for private loans. But if this prince is so stubborn….”

I cut Morgan off abruptly.

Because I thought of something to refute.

“You brought up the subject well. The celebrities here. Do you really believe that you have applied for private property on a grand scale?”

“….”

“Honestly isn’t it because they are all afraid of a bank run? Furthermore they are also accomplices in short selling.”

Morgan.

I know everything.

I appealed to Morgan about the knowledge I had.

“Aren’t you all surprised and pulling away when you jump into this game for the immediate gain without being able to see even an inch ahead of you and it ends up strangling you? Am I wrong?”

Morgan couldn’t argue.

Because it was all true.

I continued talking snapping my fingers.

“They and I are in different situations. I also own bank stocks but they are in the West. In short they are separate from this situation.”

Bank runs are occurring only in the East and only around New York.

That has nothing to do with BOI.

“Besides the Livermore Trust Company’s situation is different from that of other New York financial companies. Just think of the story of Livermore’s investment experience spreading throughout New York.”

Livermore will be eating a bowl of swear words for stock investors in America.

Because you will be branded as the culprit of this stock market crash.

But on the other hand you will also gain fame.

Isn’t he the villain who turned $1 million into $50 million in just half a year?

‘New York is full of people who would sell their souls for money.’

If this incident were to become known to the world Livermore Trust Company would hit the jackpot.

When others worry about bank runs.

Livermore New York’s new rising star will be happily wondering where to invest his new investment funds.

So before this rumor spread isn’t JP Morgan holding Livermore in his house and keeping him hush-hush about the information?

I emphasized this.

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“….”

“….”

Me who insists on making a profit and Morgan who demands a grand sacrifice.

The gap between the two was not easily narrowed.

That’s why the atmosphere in the conference room gradually grew colder.

“….”

“….”

Morgan and I stared at each other in silence for a while our mouths pressed together tightly.

In a situation like this the one who speaks first will be the loser.

I looked at Morgan with wide eyes and persistence.

Because I have no regrets.

dripping-

That was when.

It was Morgan who broke the silence.

“Mr. Morgan Mr. James Stillman the bank president has just arrived.”

Morgan is busy.

In order to resolve this situation he had to meet with bank presidents in New York in a series of meetings and induce them to empty their personal assets.

‘Tiktok- Tiktok- The golden time is passing.’

Day after day money was being withdrawn from New York’s banks.

Three financial institutions have already closed and declared a suspension of business due to the bank run.

If time continues like this the number of banks closing down will only increase.

If that happens Morgan’s once strong bank will also be in danger.

No bank was immune from the massive wildfire known as a bank run.

“Bank manager.”

The secretary urged him reminding him that his next appointment was about to begin.

“Tell Bank President Stillman to wait a moment. There’s an important matter that hasn’t been concluded yet.”

“Oh yes. I will convey that.”

Morgan’s secretary quickly closed the conference room door.

Morgan folded his arms thought for a moment then opened his mouth.

“The Prince’s benefit… Let’s think about it together.”

* * *

“Oh before we discuss the subject of profit I would like to say something to the prince.”

“Tell me.”

“Your Majesty aren’t you afraid of me?”

Oh my.

Since persuasion doesn’t work are you going to resort to threats now?

I raised the corners of my mouth slightly with a bewildered expression.

“Do you think that being afraid and protecting my property are two separate things?”

I paused for a moment pretending to reminisce about the past and then answered his question.

“And if I had been a coward in the first place I would not have come to this faraway country the United States. And I would not have invested in risky assets either.”

Morgan raised his voice and pressed me again for my answer.

“I am a scarier person than you think Prince. For my own purposes I may implicate you in this week’s stock market crash.”

“What? Me?”

Now I can finally see what it really is.

okay.

Morgan will eventually sort things out by coaxing and sometimes threatening people.

‘But this will soon work against him.’

Because of these threats some of New York’s proudest celebrities became his enemies.

Imagine threatening those who live and die in the form like you just did to me.

Will they just sit still?

‘That’s why his later years were so unfortunate. His wealth and influence would have doubled due to this incident but his enemies would have also increased significantly.’

But Morgan.

I’m sorry but I don’t accept threats like this.

‘I’m not used to this kind of atmosphere.’

I’ve already experienced a lot when negotiating as a lobbyist.

Because negotiations usually don’t end in a haha hoho good-natured atmosphere.

Sometimes they even grab each other by the collar or hair and fight as if they will never see each other again.

That’s the daily life of this industry.

Well this is just a little bit.

‘You shouldn’t look down on me.’

You must not show any hesitation in front of those who threaten you.

Then you really see people as fools.

That’s why I’m going to act as if I’m only living for today putting on as much bluff as I can.

So I

Hahahaha-

He looked at Morgan smiling broadly.

“That’s funny. That’s funny. I thought you were a bank president but you’re a comedian.”

“….”

“Yes. It’s as you say. Let’s say you pointed out that I was the one behind this incident. Do you think people would believe that? That I was the one behind this incident? I was in Europe all this time.”

“Isn’t that something you don’t know?”

“Well don’t you talk to the citizens of New York? What do they say about you? They say you’re the emperor of New York.”

I continued talking pointing out the window.

“A prince of a ruined country ruined the New York Stock Exchange? And he even remotely defeated the Emperor of New York? Well people would rather think that the Emperor of New York destroyed himself by short selling because he was blinded by the immediate profits. That’s a more plausible story.”

Stop people on the street and ask them.

The latter makes more sense than the former.

“First of all words.”

“….”

“If such a rumor spreads I can leave for Europe. After all I have many friends in Europe.”

Yeah if you leave that’s the end of it.

I feel a little sorry for the land I’ve built up in the West but with the $40 million I have I’ll be able to get back on my feet somehow.

Koreans living in California or Hawaii should be allowed to move to Mexico.

You can live a third life there.

That’s a country where if you have money you can have anything.

This is not too much.

“Your Majesty.”

That was when.

Morgan jumped up and bowed to me.

“I took this prince too lightly. I bow my head in apology for that.”

When the estimate came out that I would not come over easily Morgan revised his strategy again.

Unlike his large body he has a really nimble negotiating attitude.

“Your Majesty what do you want? I want to hear the conditions first.”

He was quick to admit his mistakes.

At the same time he viewed me as a real negotiation partner and asked me what I thought.

“hmm….”

I’m sorry.

Morgan you’re the one in a hurry.

Could you please give me some suggestions?

“I want to hear your story first.”

As I shouted out the word ‘reflection’ neatly Morgan brought out the thoughts in my head first.

“First of all I will actively assist this prince in his exile.”

“That’s good but it’s not enough. Even in European countries everyone welcomes me.”

He will be even more delighted because he has become even richer as a result of this incident.

‘There are many corners of faith.’

There’s also the Netherlands.

There’s also Britain.

In particular Britain was known for being extremely lenient towards the royal families of fallen nations.

When this was mentioned Morgan stated another condition.

“What about immigration law then?”

“Immigration law?”

“Yes. There has been a lot of discussion in Washington recently about immigration reform. I heard there is a lot of talk about whether to include Koreans or not. I heard it is a bit tight but I know the members of Congress. I can help you Prince.”

In the history of the Yuan Dynasty immigration from all Asians except Japan was blocked.

The reason we spent so much money volunteering during the San Francisco earthquake was to prevent this.

‘Even though I was active racism is deep-rooted. It could be precarious.’

I squinted my eyes and handed him a blank piece of paper on one side of the conference room.

“Could you put this in writing? If the immigration bill doesn’t pass the way I want it to you’ll be held responsible for defrauding me.”

Because verbal promises are not binding.

It has to be written down like this to be binding.

“I will do that. Oh and I will also guarantee you the right to attend important meetings in the future.”

huh?

What are you planning?

I thought it would be handled through immigration law…

“Of course if you attend the meeting you must also pay the corresponding membership fee.”

ah….

I covet the money in my possession.

If Livermore were to liquidate my short I would have $40 million in cash in my account.

I guess they plan to use this in this situation.

“I will consider how much to pay in membership fees depending on what is discussed at the meeting.”

As expected it’s not easy.

JP Morgan looked at me with a puzzled expression.

“You won’t regret it. Who would make such a proposal that would be detrimental to you Prince?”

“Good.”

I shook Morgan’s hand quickly.

Squeak-

When the sound of a chair being dragged was heard the secretary quickly opened the door and checked the situation inside the conference room.

“Mr. Banker. Then I will bring in Mr. Steelman.”

Of course Morgan couldn’t rest just because he shook my hand.

Because he still has a lot of homework ahead of him.

As I left the conference room I took a quick look around the Morgan home to see which celebrities were currently living there.

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