Documentary Insight - Pandemic Money Part 1 "The Law of Money" (Broadcast on May 27, 2021) Pay attention to the strange world of money brought about by the pandemic! The new world of money as seen by Yoon Jong-hoon, the lead actor of <The Penthouse>! Unlimited quantitative easing experiments have been launched around the world in response to the economic crisis triggered by the pandemic. No one can be safe without understanding the laws of money, as the unprecedented liquidity glut will bring about a huge tectonic shift in wealth. KBS <Documentary Insight> tracks the scene where quantitative easing, which started in the war against the virus, is fundamentally changing the rules of asset growth in this world in Part 1, 'The Law of Money' of the two-part documentary <Pandemic Money>. ▶ Point 1. The largest monetary experiment in human history in 2020 As U.S. stock prices fell sharply day after day, the U.S. Federal Reserve urgently issued a statement on March 23, 2020. The statement said, “We will use all means to support the U.S. economy.” The U.S. began an unprecedented experiment called unlimited quantitative easing to prevent the endless economic downturn. Since then, the amount of money released worldwide has reached 86 trillion dollars (10 quadrillion 3,200 trillion)! An unprecedented money release began to respond to the economic crisis caused by the virus. So, did all this enormous money flow to where it was needed? Let’s trace the flow of money released with enormous liquidity. ▶ Point 2. The world of pandemic where the rich get richer and the poor increase In 2020, the real economy collapsed at an unprecedented rate in history, but it was also a year when asset prices were unprecedentedly hot. Stock indices, real estate, and virtual currency prices rose every day. The belief that labor, capital, and innovation are the sources of wealth has long since been broken. Everyone poured money into the asset market in hopes of making a quick fortune. However, not everyone was able to become a winner in that game. Lee Young-mi (pseudonym) signed a contract for an apartment early this year. She had difficulty signing a contract through 'Young-geul' because she thought that real estate prices had risen to unimaginable levels and that she would not be able to buy a house if not now. But one day, she received a phone call from the seller telling her to cancel the contract. They said that they could not sell the apartment because the price had increased by more than 100 million won from the price Lee Young-mi (pseudonym) had signed. The Federal Reserve claimed that they would save everyone through an unprecedented monetary experiment, but ironically, the world is one where only the rich get richer. The skyrocketing stock prices and real estate are divided into those who make a lot of money and those who are forced out onto the streets without even the minimum right to survive. Let's visit the site of extreme polarization that has become increasingly worse since the pandemic. ▶ Point 3. A world of money supported by money The 2008 global financial crisis arrived. In order to save the world economy that was in a panic, 'Ben Bernanke', the 14th Chairman of the Federal Reserve, attempted to spread helicopter money, or quantitative easing. Fortunately, as time passed, the economy began to recover, and just as the dollars released into the market were about to be recovered! The unexpected COVID-19 hit the world hard. And quantitative easing began again with massive debts piled up. A precarious economic situation with debt piled on top of debt. Recently, the US consumer price index rose by 4.2%, the largest increase in 13 years since 2008, and inflation that had been delayed is starting to show its true colors. Some say that inflation fears are on the rise. Indeed! Where will the 'world of money' lead us after the pandemic with no end in sight? Let's diagnose the world after quantitative easing. ▶ Point 4. Actor 'Yoon Jong-hoon' has appeared to explain the difficult economy from the viewers' perspective! Actor Yoon Jong-hoon, the lead actor of <The Penthouse>, participates in the narration of KBS <Documentary Insight>'s two-part documentary <Pandemic Money>, helping viewers watch the economic documentary more deeply and comfortably with his husky voice. Also, actor Yoon Jong-hoon, who played the role of 'Ha Yoon-cheol', a character from the upper class world in the play, is expected to tell a story about the 'world of money after the pandemic' with great immersion. #Yoon Jong-hoon #Pandemic #Quantitative easing #Interest rate hike #Liquidity #Assets #Real estate #Stocks #Coins