Trump was "crowned" in South Korea.

When Trump landed in South Korea, South Korean President Lee Jae-myung stood there laughing, preparing two things in his hand: a model of Silla crown inlaid with gold and treasures, and a Grand Medal of Infinite Flowers worth 350,000 RMB.

After Trump saw the crown, the exact words, I want to wear it now.

Of course, these gifts are all small details, and what Trump really did to Korea is collecting debts.

South Korea wants to spend 350 billion US dollars to invest in the United States.

What concept is this order of magnitude? 80% of South Korea's foreign exchange reserves, this is really Trump's shot, and South Korea was directly hollowed out.

Tens of thousands of people protested on the streets of South Korea, but it was of no use

Let's first talk about how this account was calculated

The Bank of Korea has long calculated that South Korea will not be able to pay out US$350 billion at all. It can pay out up to US$20 billion a year, and any more won will collapse.

But Trump didn't care about this. He tweeted well before visiting South Korea that South Korea's 350 billion yuan was an advance payment, implying that the money must be settled in cash and delivered in one go.

In the end, the White House economic advisers reasoned with various reasons. Trump finally figured it out and gave a compromise plan:

Establish an investment fund, give loans and guarantees slowly for 10 years, and don't dry South Korea once in a while.

Therefore, Trump's visit to South Korea is particularly interesting. South Korea has maxed out its credit cards, banks have urged repayment, and invited Trump to dinner, gave Trump gifts, and made friends.

Why do you have to agree to this deal?

Although South Korea often boasts that it can be on an equal footing with China, it can't.

South Korea agreed to this "alliance under the city" because its life was in the hands of the United States.

The tariff on automobiles has been reduced from 25% to 15%, which is the life and death line for South Korea's Hyundai and Kia to survive in the United States. Japan received a preferential tax rate of 15% in September. South Korean car companies watched their rivals grab the market, and they were stuck in their necks and collected a 25% tax.

South Korea is in a hurry.

South Korea's semiconductor and pharmaceutical exports also depend on the US market.

This time Trump still showed a certain degree of goodwill and was willing to enjoy most-favored-nation treatment for South Korea's medicines. Semiconductor tariffs should not let South Korea suffer.

Of course, these terms were all exchanged by South Korea for US$350 billion.

What we just talked about is purely economic, and there is another key point, that is, national defense.

Although Lee Jae-myung acted tough on the United States in various ways before he took office, and even said that he wanted to have good relations with China and Russia, he still couldn't help but express his willingness to increase the defense budget when something really happened.

What does South Korea's own defense budget have to do with the United States? It is mainly the cost sharing of the US troops stationed in South Korea.

This is a long-standing and difficult problem. Trump has always suspected that South Korea has paid too little. Yoon Seok Yuet put all kinds of pressure on him when he was on stage. It seems that Lee Zai-ming can't stand it now.

Therefore, South Korea's positioning is very clear. It is not an alliance, not a partner, or a cash machine.

But this business is too bad

Koreans, let's talk about it one thing and they are very patriotic.

During the economic crisis in 1997, the Korean people took out all their gold jewelry and donated 227 tons of gold to save the country.

As a result, this time, since the US-South Korea trade agreement, South Koreans have been frantically buying dollars and gold.

Why?

I'm afraid that the won will become toilet paper.

After all, $350 billion is equivalent to eighty percent of South Korea's foreign exchange reserves, and once exchanged, the currency will fall to what the currency will be.

South Korea's Prime Minister warned that without a currency swap agreement, this investment might lead to a financial crisis.

Some big shots may have said that investment is still South Korean assets. Our country also often invests overseas and has not seen any problems.

The logic here is this. When Koreans invest in the United States, the income is divided 50/50.

In other words, South Koreans spend money, and after earning money, the United States takes half of it for free.

And we invest foreign assets, often directly into large shareholders, we say we have autonomy, but Trump clearly limits South Korea only to invest in certain areas specified by the United States, and can not have decision-making power.

Having talked about this, all big shots now know why South Koreans do not support the country this time.

Unequal treaties are not so outrageous.

The essence of this diplomatic show

Trump's show reached its peak with a $350 billion investment in South Korea.

Trump was the first U.S. president to receive the Medal of Infinite Flowers. It is said that the bay leaf pattern on the medal symbolizes prosperity.

But whose prosperity is prosperity?

Of course the USA.

No one paid attention to a detail, the Korean side prepared a golden dessert, Li had a golden tie on the line, and even the gifts were a crown of gold.

Why is all gold? because Trump loves gold.

During its previous visit to Japan, Japan presented gold-plated golf balls; during this visit to South Korea, South Korea simply won the crown.

This is not a diplomatic process, but rather a leadership process.

Therefore, after this diplomatic show, many people in South Korea took to the streets to protest, and the media even described it as "reaching an agreement with tears".

Of course, you have to sign it with tears in your eyes, because it's worse not to sign it.

This is the truth of the game between great powers. The weak use a sense of ritual to package submission, while the strong use sweet words to package plunder.

South Korean officials say this is a win-win situation, but in fact, one party eats meat and the other party drinks soup.

So, when we see similar diplomatic news in the future, don't be fooled by those gifts, medals, and state banquets. Think more about it, who paid for it? Who gets the benefits? Who smiles the happiest?

The answer is often clear at a glance.

What do you guys think?