Today's topic starts with the interest rate hike of 22. The European Central Bank has lowered interest rates. In fact, it can be considered almost the first rate cut. Among advanced countries, now even Canada has done the same, but how much of a rate cut did they make? This much. Well, it's a small step, but they have started. It has been almost 2 years since the first interest rate hike. It's been 1 year and 11 months, almost 2 years since the first step was taken in 21. President Lagarde announced a rate cut from 4% to 3.75%, and after the last rate cut, the first rate hike in 5 years will take place. The reason they were able to raise rates is because they raised rates these days due to inflation. Consumer prices in Europe have dropped below 3%, which is significant. Looking at the core inflation, it has dropped below 2.7% this year, and many people, therefore, are...

I am expecting about three more rate cuts. Of course, except for the Bank of England, major countries have also unfolded a relay of interest rate cuts. Canada, Sweden, Switzerland, Hungary, Czech Republic, and many countries we do not know have been cutting interest rates, signaling a wave of rate cuts. However, Japan is raising rates. It's an interesting country. It has been fascinating all along, going down while others were going up, with negative interest rates and quantitative easing. Now that others are going down, Japan is raising rates. So, it's truly an impressive country. There are various reasons for this, but looking at the yield curve, Japan is still an amazing country that is raising interest rates. However, I understand the reason for lowering interest rates, but even though the reason is that consumer prices have dropped significantly, looking at consumer price levels, it is still at 2.9%, while the U.S. is at 3.4%, right?

Such a big difference is not significant. 3.4 and 2.9, of course, a 0.5% point difference, so we cannot say there is no difference, but both are around 3%. The U.S. is taking a hawkish freeze, and there are even talks of a possible rate hike. The reason is that they actually carried out a rate cut. So, what is the difference? Why did it happen? The difference in consumer sentiment is not much. Simply put, most countries in the Eurozone are currently struggling. This is expressed as economic growth rate. The growth rate was steadily increasing, but now it's about to drop. Germany experienced negative growth last year. Negative growth almost leads to financial collapse. Having negative growth means the economic heartbeat is almost stopping, so the economy is in a state of struggle. In Germany, there is currently a dilemma.

Why can't we grow? What is our problem? Of course, there are many saying that it's because we rely too much on China, but when China leaves, we're going to follow, right? Such statements are common, but that's an external effect. Internally, we should still grow. Why can't we grow? So nowadays, there is a lot of self-reflection in Europe on why they can't grow. For example, now looking back, Germany is famous for having short working hours among developed countries. Nowadays, there are things like working only 4 days a week coming out. Oh, isn't this going against the flow? The U.S. works 1800 hours, but Germany works 150 hours. Oh, when you realize this, the reason we can't grow is not because of external factors but because you guys are lazy. No, it's not right to talk about working only 4 days a week. Work 150 hours individually. South Korea used to work 2,200 hours before 2010. Wow, this is the world ranking.

When we won first place, it exceeded 2,200 hours. When working on Saturdays for 6 days a week, the basic, well, the basic is just about the basic. Working 2,200 hours a week, oh, resting an additional hour. Compared to here, well, in a year, compared to us, back then, now we only work half the time. As of 2023, South Korea has decreased to 1,874 hours. Still, showing over 500 hours more than Germany in labor hours. Yes, really, in the 1980s and 90s, German workers were considered diligent workers, almost a pronoun, but not these days. Diligent in resting, but diligent nonetheless, they successfully shortened the weekly working hours to 35 hours. News like this is coming out. If it's 35 hours, that's 7 hours a day. Based on a 5-day workweek, 7 hours a day, this is now being considered as the norm. Consequently, internally, we ponder about it. Not long ago, Solchi Cheongja announced this.

I wanted to share that we will soon announce a growth plan aimed at longer working hours. Next month, when longer working hours are implemented, we will provide incentives, such as tax deductions for income earned through overtime work, or a review of welfare benefits. It's uncertain what will be included, but if working hours are reduced below a certain number, there could be changes in health insurance premiums or other welfare benefits. By adding more to that, we can offer additional welfare benefits as part of a new growth plan focused on longer working hours. Isn't this going against the trend, though? Nowadays, there is a trend towards a 4-day work week, but we are planning to announce a growth plan with the goal of longer working hours. Let's make sure to show this to our Schuka friends and employees tomorrow.

I will do it. I work 7 days a week as a YouTuber, that's how it is originally, no days off, as a self-employed person. Well, well, well, it's scheduled to come out. So, because Germany is wandering in such a situation, currently, Germany is a country strongly advocating for the need for a rate cut. As a result, they have been greatly affected. They have lowered the interest rates, and they hope to continue lowering them in the future. Currently, most European countries, including Germany, cannot bear high interest rates. Due to the sustained high interest rates, businesses are finding it too difficult to spend money. The economy has been hit hard. Construction activities need to be financed, but since no one can do construction due to high interest rates, who will bear the cost? House prices are not rising anymore. As we saw earlier, the alarm is ringing, so it's a cardiac shock. They are asking to be saved. To save them, something must be done. So, now, it's not about high interest rates, it's about enduring the interest rates now.

It's claiming that it can be done. Moreover, this is not just a problem unique to Germany. Netherlands is similar. Nearby countries are similar. We need to find new growth momentum. Workers should be able to work longer at their jobs. These kinds of statements are coming out from the Ministry of Finance. Anyway, what they are saying right now is that most Eurozone countries are currently struggling with growth, showing close to 0% or even negative growth rates. France is the same. France's credit rating even recently was downgraded on June 3rd. It could be seen as embarrassing for a country's credit rating to be downgraded. Of course, it is still high but it was downgraded to W minus. Because of the public sector budget.

In short, even though welfare budgets are increasing, there are concerns about the difficulty in achieving results now. As corporate taxes and income taxes are reduced, resulting in decreased tax revenues, there are worries about the increase in France's national debt. In other words, we can no longer bear high-interest rates and demand a quick decrease. Until when should interest rates be raised when the economy in Europe is stagnant? Countries protested, asking when the interest rates, especially the 22, will be lowered. As a result of the interest rate cut this time, the word that came out from the IMF Managing Director Lagarde was immediately hawkish. When Lagarde did not say it, analysts mainly used the term hawkish. Hawkish is not a term for a country but usually refers to a doveish policy. So, lowering the rates means we will lower them, implying that we will inject a lot of money. Even though we do not want to inject money, what can we do because of you.

You shouldn't think that a lot of money will flow out just because you give out a lot of money. So, when you give out money, you are letting it flow out. So, when you give pocket money, you don't know if you will give more or not in the future. You say you're hungry, so I give it to you, but oh my, this is the last time. This is a bit stingy, so I don't want to give, but it seems like I might. They keep saying things like this, so if I give just this much, they keep saying stuff like this while giving, in that kind of manner. In short, if I give too much pocket money, will the cost of living rise again? It could be that kind of situation. Surprisingly, the Eurozone is like that now. So, they've raised interest rates now. Then the U.S. will do the same. In May, the U.S. employment report is the most important economic indicator in the U.S. Employment, employment, non-farm payrolls, that's right. The non-farm payroll figures had a surprising increase. Oh, what an interesting world we live in.

Beep beep. The country I'm talking about is feeling too hot, my heart is beating too fast, slow down, our blood pressure is high, over there, it's low blood pressure. If this person lies down, it's hypoglycemic shock. Over here, they're consuming too many sweet things. Right now, it's a fever, high blood sugar, insulin needs to be administered. The non-agricultural employment indicator came out at 272,000, and in my memory, if it was over 200,000, it was considered hot. When it goes over 180,000, 190,000, 200,000, it's good employment. It recorded 270,000, much higher than the expected 270,000. And recently, looking at the trend, well, this is the non-agricultural employment indicator, if it's high, it's good, but mostly, it's much hotter than expected. The U.S. is a fever land itself, teeth are decaying.

As I look closely, my teeth are decaying, so these days, when I see the U.S. performance, I somehow want to ignite it, but the indicators are so good. I don't know if this is bad or good. Oh, in September, that's the last time for the presidential election to determine the standard, so I want to ignite something in the Fed. Oh, but it's so hot right now, should I do it, or should I not? This is the situation. Therefore, whether to ignite in September, the last presidential election, is currently tied at 5 to 5. It seems like it will ignite, 46.6%, so 50% because there is a 3% chance of making it bigger. It seems like it will ignite, 50%. It seems like it will freeze, 50%. In June and July, the freeze is too good in terms of economic indicators. Even in June and July, there is an FMC, but here, in September, it's tied at 5 to 5. Currently, it's tied at 5 to 5. This is the situation in the U.S.

22가 금리 인하를 했지만, 자 그러면 여러분들, 그런 생각 들죠? 여러분들이 만약에 유로 전에 있는 국가들이나 유럽인이라는 문득 드는 의문이 있잖아요. 아니, 왜 미국만 잘 나가는 거지? 미국의 경제 호황은 굉장히 이상하다. 스트레인지 하다. 뭐야. 야, 우리는 지금 심박이 안 뛰고 있는데, 저기는 왜 달달해서 이빨이 은 이상한 경제 호황을 누리고 있다. 도대체 왜 호황인 거냐? 심지어 BBC 이렇게 표현을 했습니다. 현재 미국은 마치 2000년대 중반 중국과 같다. 세계 최강대국이 옛날 중국이 나홀로 성장하던 그런 모습을 보이고 있다요. 왼

Do you see the appearance? I appeared on Show Me the Money before, but Europe is relatively becoming poorer. These days, the U.S. calls Europe a poor country. Surprisingly, until 2000, they were similar. Now, there is a huge gap. Especially, the gap started widening from the 2010s. After Corona, Europe suddenly went backwards. But the U.S. is raising their heads, going in a direction that reminds people of ancient China. Is this reasonable? Why is the gap widening so rapidly? In fact, major figures in the U.S. also talk about it. Honestly, it's hard to believe. They couldn't predict it. I don't believe in the current economic prosperity of the U.S. Consumers have become much wealthier than before. Jimi.

Daimon said this, and the Atlanta Fed President said, Consumers are getting wealthier, so the U.S. is doing so well that we are currently very insensitive to high interest rates. Europe is hitting around 4% interest rates, and people are almost fainting. They can't bear it, nothing is working, people are not spending money, not building, it's chaos. But Americans have a lot of money, so even if the interest rates are high, they just handle everything. It seems like there are no major issues with interest rates. The U.S. is doing so well to the point of using expressions like this, as most of the top 10 global companies are American companies after the internet revolution and the emergence of smartphones, and with overwhelming levels of education and technology, talents are being sucked into the U.S.

It is true that they dominate the world, but even if that's the case, there's a huge difference. Why did this happen like this? Slowly, voices of discontent are rising in Europe because the gap is widening unbelievably. The voices coming out these days are like this. Now that I think about it, isn't the U.S. making a huge profit by using a tremendous amount of money? The U.S. has been printing a lot of money for economic revitalization. What did they borrow? These are government bonds. The government borrowed money and sprayed it massively, saying they will put money in your pocket. Because they kept spraying it, it's like using leverage massively. If you think about it in terms of individuals, it's like borrowing a huge amount of government bonds and borrowing a huge amount of money, so they kept spraying it, thinking about a huge leverage.

Isn't it about getting tremendous rewards based on the interest and profits there? Moreover, if it fails, we all fail together. Hey, this is great. The rationality of profit and the globalization of risk. Oh, it's good. If the U.S. goes, I'll go too. Hey, then are we all going to see the profits and go together? Hey, what is this? Now you're talking about that? And if you look, actually, the U.S. borrowed money. It's like the so-called honey pot of the U.S., the national debt of the U.S. Is it borrowing money from issuing national bonds? Since the 2000s, these things have started to take effect, and recently, they seem to have spent it quickly. It seems like the U.S. national debt has been spent quickly. Now that I see it, they borrowed money, leveraged it with other people's money, and took it all for themselves. It's not just their debts, they might not even repay them. How much money did they borrow? 34 trillion.

Dollars, this has increased a lot, Shukaworld. In the past, it was around 5 trillion dollars. How much did it increase? In the early 2000s, it increased sixfold. Oh, this is in 2010. By 2010, it doubled, so in 10 years, it tripled. This doesn't make sense, they are talking about whether this makes sense. Now, Europe is doing this. It is a country that spends 1,000 trillion won on a 34 trillion dollar interest cost for 4.6 trillion won. This is a country where defense costs and interest costs are high. In the U.S., with an annual revenue of about 5 trillion dollars, they will have to pay the interest cost in the future, which is 15% of the revenue. Moreover, these days, the presidential candidates, Trump and Biden, it seems like there won't be much reduction. The competition is about who spends more money between Trump and Biden. Even though Trump is a president who doesn't spend as much money as Biden, oh, that's funny. It's funny. Even if Trump spends a lot, Biden is.

Because it sounds like it's used more, I also have a lot of doubts about what can be given in the future. So, even BBC, and European countries, look at this, they print a tremendous amount of money and borrow a tremendous amount of money. Isn't it just flourishing on its own? The United States is benefiting from the endless flow of cheap money that supports the economy. When they got rid of their own currencies and eliminated the fundamentals back in the days of the gold standard, they either had to go to a global currency, a world currency, or manage it with a focus on the dollar. They chose the dollar and it turned out that from then on, they didn't know they could print money like this. Isn't it too much to keep doing this and profiting endlessly from there? It's not exactly a bad effect, but there's also a negative effect. What is the effect of the currency? You've heard a lot about the effect of the currency. If you make money

If you can issue it properly, you will make a profit as much as the exchange value. I issued a $100 bill, and the cost is $1. So, every time you print one, you have $99 left. In theory, this is a seigniorage effect. But how much will it cost to print these things? 46 trillion won. By the way, the cost of a $100 bill in the U.S. is not $1, it is 10 cents. They charged quite a lot for $1, ten times more. Because of this, looking at this, it seems unreasonable. Now looking back, they borrowed money, printed money, printed cheap real 10 cent bills, sold them for $100, and kept raising leverage with that, making more money, so they had a lot of money. With that, they also built, researched, went to India, paid a lot of money to talented people, brought in more talented people, made massive investments, so we just had a small tail.

What can't be done with money, but these guys can do it with this much money, isn't it unfair competition? So, let's do it too. Let's film other countries, film the Eurozone, and do it together. Oh, there was a country that even they thought would succeed. Even if they don't have much, wouldn't it be similar? The country with the most powerful currency in the world, the UK with the pound, announced a tax reduction policy and a decrease in government revenue policy. They started a policy of reducing taxes for wealthy companies. Then Liz Truss, who became the UK's shortest-serving Prime Minister, said because the UK's finances could become risky. When such words come out, the UK government bond interest rates, the rates at which money is borrowed, skyrocketed, and the value of money plummeted. Honestly, I felt a bit unjust hearing that. It feels a bit unfair, doesn't it?

The United States, well, even if they print 4 trillion 6,000 billion, it doesn't matter. Well, we did a little bit of that, but that's the United States, and becoming the United States, that doesn't mean you can. The UK, or the British pound, doesn't hold up in the market at all, and when the pound fell and interest rates skyrocketed, only phrases like this came out, and Prime Minister Thatcher became the UK's Prime Minister, and the BBC also used this expression. Biden ambitiously spending borrowed money is too painful, but it is a stark contrast to the UK. We don't borrow that much, we just cut back a little on taxes, and the Prime Minister was ousted, but the UK, well, the pound is a reserve currency, but it's not on the level of the dollar. The UK couldn't imitate the US because it doesn't have the advantage of being a reserve currency, so even if they tried to imitate, the guy got torn apart.

It was done here, and it also comes out here, but in the UK, the government bond interest rates soared, while in the US, government bond issuance has increased like crazy. Currently, the US government's debt rollover, rolling over debt, piercing through the negative balance, continuously rolling over debt, has reached a historically high level. It's unbelievable. In just the first quarter, the amount of government bond issuance is 7,000 trillion dollars. How much is this? 7,000 trillion dollars is astronomical. Compared to ten years ago, it's about four times as much, and compared to fifteen years ago, it's about seventeen times as much. It has become an enormously large market. So, who lends so much money to the US government? Surprisingly, a lot is absorbed internally within the US. The US Federal Reserve seems to absorb about one quarter, and individuals and various companies within the US also absorb it, as well as US banks.

Pensions are amazing. They keep circulating money among themselves, continuously turning it around, to the point where some people even think it's like insider trading. They keep turning it over. Anyway, there are also foreigners. Foreigners account for about 25%, mainly from Japan, China, and the UK. More than 70% is circulating internally, showing an amazing sight. However, as they keep circulating like that, nowadays many people feel it's a bit risky. China is currently selling U.S. Treasury bonds on the largest scale in history, although it has come out a few times in the past. China was originally the country that lent the most money to the U.S., but now they are collecting it. In just the first quarter, they sold a record-breaking $55.3 billion in bonds. So, China is no longer buying bonds, but rather selling them. The first quarter's record-breaking scale and covering that deficit with gold are being talked about a lot.

The price of gold is high. The price of gold is high, and why do we talk about this? On May 30th, you might have seen it. It felt a bit severe. There was a shock in the bidding of U.S. bonds. It occasionally happens, but this shock was quite shocking. What is a shock in the bond market? It's about U.S. bonds. It's an auction. They say, Come and bid. They select, they select. They say 2%, 3%, and so on, but there was no demand. Is there anyone to lend money at 2%? Is there anyone to lend money at 3%? As the interest rates rise, if there is no one to lend money at 2%, at 3%, at 4%, then it will be heard, Is there anyone to lend money? They did this, but the market was weak, so it was a bidding shock. Shock. There was no one to lend money, so it suddenly jumped up, but fortunately, it has returned now. The interest rate is still high at 4.4% in September.

Although an interest rate hike is scheduled on the moon, the interest rate has not decreased yet. The issuance volume has increased too much, and it has increased sharply, so we don't know how far it will increase. China, which was the largest demand country, is selling off, and the demand from the United States is not the same as before. Expectations for interest rate cuts are also very high in the United States, so they have dropped a bit. So, it seems like there is some stability, but if a strong shock occurs in the U.S. bond auction, that would be a problem. It could be a shock that can deliver a real blow equivalent to one or two slaps of a financial crisis. If the U.S. dollar hegemony collapses, that's hell. Hell. For example, if trust in U.S. bonds and U.S. debt declines, this has been happening since the 1970s and 1980s. Talking about the U.S. interest rates skyrocketing to 6%.

There are people like Jamie Dimon who can skyrocket. Because they borrowed too much money, their credit rating goes down, and instead of borrowing at 4%, they may have to borrow at 6%. This kind of thing is very rare, with a very small chance of happening. If the era of the US dollar, the world's reserve currency, ends, a time that Bitcoin is hoping for may come. Bitcoin is hoping for a time like that. You guys were so sure it would turn out that way. I thought it would turn out that way. In the crisis of fiat currency, this kind of thing, in the past, was once led by the dollar, but people are worried that history that can be shaken may repeat itself after decades. The BBC said, One thing for sure is that it is sustainable now. The US Federal Reserve also says so, and the IMF says the same thing. Currently, financially

Borrowing money, this is how the light has come up now. What 3 or 4 are doing is obviously unsustainable. It's unsustainable, so who among American politicians can change this? It's the same. We are like lemmings running towards a cliff. Can anyone suddenly running ahead say, Wait, this wall hurts a bit, and stop? No. Or, well, maybe the future is still 50% changeable. What will happen later will be zero, but will it be a lot after I die? Or, well, if the earth's temperature rises by 3 or 4 degrees, can I not buy it, so I might change when I jump off. Everything is like that. It changes when you jump off. If a philosopher stops here, the one who stops will be cut off. The one who stops won't get votes. They won't become president. They can't because they can't do it. Uh, I

While I'm alive, I hope there are no accidents. When I'm gone, when I'm gone, okay, okay. Since I'll live to be a hundred, I hope something like this happens about 50 years later. Due to the interest rate of the Eurozone, if we look back, the stock index of the Eurozone is at an all-time high in most countries. This is Euro Stoxx. It can be said to be the representative stock index of the Eurozone. But the U.S. is also at an all-time high, Japan is also at an all-time high, Europe's stock prices are at an all-time high, Taiwan is at an all-time high. How much is the KOSPI? I haven't checked recently, but the KOSPI is around 3,700. I think it's about 1,000 points higher than others. China and Korea are the only two countries that haven't risen together. I really think about that a lot. Korea discounts too much, so it's not doing well these days. It's too much in the head. Personally, it's really beyond the level of being too much in the head, it's a matter of conscience.

Anyway, and right now, just like Japan and other neighboring countries, if the Eurozone interest rates are the same, and the U.S. freezes its interest rates, it means a depreciation of the Euro. Americans are really enjoying traveling to Europe because of the weak Euro. In the past, there was overtourism, with an overflow of tourists, especially from the United States, spending a lot of money. Countries like Spain, Greece, and Portugal are doing really well economically because American tourists come and spend money. Naturally, they don't go to Northern Europe. Who would go to places like Norway or Iceland? They go to places like Central and Southern Europe, especially Italy. The tourism industry is booming, and the economy of Southern Europe is doing extremely well these days. Spain, for example, has a huge economy.

The statement that the tourism industry is leading the growth in Spain is mentioned, and in Spain, Italy, Greece, and Portugal, the proportion of tourism in the economy exceeds 10%. It's too prosperous here, even in Southern Europe, where it's considered prosperous. The stock market is also prosperous. There is a lot of money, so they reduce the number of tourists and just sprinkle money. American kids come and spend money recklessly, saying oh my, oh my because there is a lot of money. Consumers also have a lot of money, so it's a trickle-down effect. This is a global trickle-down effect. Since there is a lot of money there, it overflows and comes to us. Right now, companies in Spain, Italy, and such are doing well. Their performance is good. Literally, it's a trickle-down effect. They go crazy, sprinkle money, and as money enters the orders of the citizens, kids come and spend recklessly. But where do they come to spend? They come to us from places like Italy, Greece, and Spain.

Personally, so I think that's the global rain effect, and if you can't follow the United States, you shouldn't follow the UK. How should you do it? You have to suck from there. Stick the straw in and say, Hey, bro, I'll suck a little bit. Oh, I won't suck a lot. If I carve there, I'll die. Like China, I'm sucking honey. If you try to split the honey pot, you'll get in trouble. Carefully, bro, can't I just suck twice? After inserting the straw, you have to suck while watching the situation. Bro, are you still okay? You have to suck carefully like this. If you suck too much, the country will disappear. Otherwise, you could just become a vassal. Because of economic sanctions, trade sanctions, what is it, trade retaliation, you could face that. Oh, you have to suck appropriately. China is like this honey pot. Can you give me some too? You're going to give me a honey pot in three minutes, right?

If you hold scissors like that, your hand will get cut. Be careful and imitate it carefully. If you can't follow it properly, it's like in England, where you have to suck it up. You have to become like that. I'll make a honey jar too. Then the honey jar exploded. Because of that, if you can't win, you have to join like this. Southern Europe is currently more advanced than Northern Europe or old Western Europe. Compared to there, the recovery of Europe is being led by Pigs. It has completely changed. The era of Southern Europe has opened. Pigs are flying. No, how can Pigs fly? Do pigs have wings now? Well, it's not that pigs have grown wings, but where did they go? Our American friends didn't grow wings. Instead, they ride on the plane passing by here. That's right. If you ride on the plane passing by, you go with it. You ride lightly, lightly. It's actually a good time for Southern Europe.

The door is open. Of course, there is a price to pay. When you suck on a straw like this, you have to be careful. So, you have to endure a bit of dirtiness and danger. You have to be cautious because you are sucking on someone else's straw. You have to be careful, not blatantly sucking, but sucking carefully because you have to endure a bit. For example, in our neighborhood, when the big shots come and walk around a bit arrogantly, we have to understand them. We shouldn't say things like, What's this? It's noisy and vulgar. We shouldn't think in a local dialect code. We shouldn't think like that. We should think of them as our guests. We shouldn't think like outsiders. If you make a mistake, you might get in trouble, so you have to be careful. Because they are people who spend a tremendous amount of money. So, in that situation, you have to be careful.

And in the meantime, surprisingly, South Korea has surpassed Japan in terms of per capita income for the first time. Last year, South Korea's per capita GNI was $36,194, while Japan's was $35,734. Based on per capita GNI, South Korea ranks 6th out of 35 countries. There are many countries with higher per capita income than us, but that's not something to be happy about. If we have a little more, we will surpass 50 million. Oh, it's confirmed because it's almost confirmed. Unless each generation goes crazy, we will almost surpass 50 million. So, we should enjoy the present. If we enjoy the present, we can say that we are a global 6th country, along with the U.S., Germany, the U.K., France, and Italy. It's good to be among them. Let's enjoy the present. Japan, go that way, go that way. Why? There are two reasons. One is because we did so well.

The yen is weak, right? It's in dollars. So, when the currency is weak, the saying goes that if you sit down, you become a beggar. What's the point of that? Japanese people have become beggars. The yen has flown away. I don't know about it in Japan, but when you go out, you become a beggar. That's how it goes. Also, what is this GDP statistics revision? What kind of statistics revision did you do? Yes, we revised the statistics, and most of the past figures have changed drastically. Since the early 2000s, the figures have all changed. What is it? There is something called national accounts. When calculating certain GDP or economic figures, they set a base year for the national accounts. They change the base year every five years. We switched from 2015 to 2020. Soon, we will move to 2025. Every five years, they revise this. During this revision, they announced that so far, the informal sector or

Due to the difficulty of data collection, we expanded the scope of the survey to include the missing production sector. What does this mean? In the past, data collection was difficult, and that's why the dark economy, the shadow economy, the hidden informal economy, were all hidden. This time, we thoroughly investigated it like scraping ice cream, and expanded the scope of the survey to cover the production sector. What is the informal sector? The difficulties of the past investigations were the pessimistic economy, e-commerce. Oh, what you all work hard on, and it's not a joke about one-person media. Oh, there are reports openly labeling them as YouTubers. We captured the pessimistic economy like media, streamers, or YouTubers. Wait a moment, did we really grow that big? Then, by defeating Japan, how much did our per capita income increase? We raised it by $249, not sympathy, but the Bank of Korea.

The official from the Bank of Korea mentioned that the per capita GNI increased by 88% to 2449 in total revenue, and this is something like tens of thousands, maybe 400,000 or 500,000 people discovered something. In the past, it was 9. It was 33,000. Does this make sense? But hey, if we build it like that, it's increased too much. It rose to $36,000. Wow, what should we expect in the future? Don't think about falling into a YouTuber abyss, but please express your gratitude. If you press the gratitude button and say thank you, we would appreciate it. If we keep falling into the abyss, we will go back to 33,000 again. We can go back to 33,000. This is what we are doing. It is officially stated by the Bank of Korea that the economy captured pessimism due to the difficulties of e-commerce investigations. But why am I feeling strange about this pessimism? I pay all my taxes.

I saw it through that sandbox, so my income is caught 100%, you know. I don't know why, but I don't understand exactly what it is. Anyway, there are other people, not me, who seem to have that. Yes, yes, I've seen something like that. It has risen too much. Anyway, it has risen so much that we briefly reversed Japan, and in my personal opinion, after that, Japan may find it very difficult to follow Korea. Even if there is a strong trend, because it's also the topic for the week after next. It's the topic for the week after next, and then, in our country, the probability of the four countries being scheduled as the first seed is about 20%. So, if we win the fifth spot, it's over. Oh, it's over. If that happens, it's not good, right? Uh-huh. If we become the fifth seed, it may be possible, but this is a card game. This is mostly.

When it comes to card games, it's rare to have a 20% probability like missing a flush or straight. Even if one or two are missing, it's less than 20%, more like 10-something percent. When it comes to voting at One-Fay, unless it's at this level, it's rare to have a very high probability. In fact, it's practically non-existent. Let's move forward with this high probability. The first jump was made by a YouTuber, and the second jump will be done by Seok-yu. The future of our country, South Korea, looks bright. It's so bright that you can't even look at it. This is how I think.

금리인하로 심폐소생에 들어간 유럽

경제, 금융을 기반으로 달리는 방송!
정치는 아주. 전혀. 대단히. 모릅니다. 
누군가를 비판하거나 비난하지 않도록 노력하겠습니다.
실수가 있더라도 너그럽고 재미있게 봐주세요.
감사합니다.
각종 문의 : syukaworld@sandbox.co.kr 으로 부탁드립니다.
