December 12, 2020 -1261st-How Heo Kyung-young Can Afford to Give 1.5 Million Won for Life from Age 18

Character Profiles

허경영 (Heo Kyung-young) | Politician, Speaker | Proposes policies like universal basic income and advocates for economic and social reforms.
여사님 (Madam) | Audience Member | Participates in a demonstration of spiritual abilities, revealing past lives and future paths.
이건희 (Lee Kun-hee) | Former Samsung Chairman | Mentioned in the context of inheritance tax and past predictions about his health.
이재용 (Lee Jae-yong) | Samsung Heir | Mentioned as the successor to Samsung, facing challenges related to inheritance tax and corporate management.
남이 장군 (General Nami) | Historical Figure | A young general from Korean history, used as an example of a tragic figure who died young due to political intrigue.

Scene-by-Scene Summary

#1 (00:00:00)

허경영 is introduced as a great politician who will ideally operate Seoul and Korea with his 33 policies, a divine politician of this era, and a politician who will wipe away the tears of the people .
Heo Kyung-young greets the audience and mentions that this is his 1261st lecture .
He explains that the number 1261 adds up to 10, which he wants people to remember as 15 .
He states that he will explain why he gives 1.5 million won in National Dividends and where the budget comes from, as he promised last week .

#2 (00:01:20)

Heo Kyung-young explains that young people are not getting married due to unemployment and lack of stable jobs .
He suggests that if everyone receives 1.5 million won in National Dividends, a couple would have 3 million won, guaranteeing their monthly income .
He also mentions providing 100 million won for marriage and 200 million won for housing funds interest-free .
He asserts that with these benefits, no one would fail in marriage or fight over living expenses .
He claims that these pledges, made 30 years ago, are now proving correct, leading many to believe that Heo Kyung-young must succeed .

#3 (00:02:40)

Heo Kyung-young discusses the issue of inheritance tax, which he advocated abolishing 30 years ago, and how it relates to Samsung .
He recalls predicting Lee Kun-hee’s collapse five to six years before his death, stating it would happen within a week, and it occurred in five days .
He advised Samsung to change its blue logo to red to signify a new era of challenge under Lee Jae-yong .
He emphasizes that his predictions about Lee Kun-hee’s collapse and the need for a red logo for Samsung’s new era came true .

#4 (00:03:40)

Heo Kyung-young mentions his proposal to give 100 million won in COVID-19 relief funds to everyone aged 18 and above .
He argues that 1-2 million won is insufficient to solve the problems caused by COVID-19, as many people are suffering from job losses and business failures .
He explains that if 100 million won is given to those aged 18 and above, a family with three adult children would receive 300 million won, which could help resolve household debt .
He highlights that Korea’s household debt is 1,600 trillion won, with annual interest payments of 100 trillion won, pushing common people into debt .
He proposes a solution to resolve this debt by giving 100 million won, which would clear mortgages and other debts .

#5 (00:05:00)

Heo Kyung-young states that Korea’s national debt is 40%, which is low compared to Japan’s 523% .
He points out that while Japan has high national debt, its private debt is less than 50%, whereas Korea’s private debt is 97.9% .
He explains that national debt is interest-free, allowing the government to print money through quantitative easing to solve financial problems .
He proposes printing 2,000 trillion won through quantitative easing to distribute 100 million won to each person aged 18 and above, which would resolve household debt .
He clarifies that for minors, the money would go into their parents’ accounts, who could use it to pay off debts or for other family needs .

#6 (00:06:20)

Heo Kyung-young predicts that the COVID-19 pandemic will continue to cause severe economic hardship, with next year being a “groggy state” and the year of the next presidential election (2022) being “complete hell” .
He states that COVID-19 cases will continue to rise, and even with vaccines expected next year, the situation will not be resolved by the next presidential election .
He claims that no other politician has foreseen these challenges and prepared comprehensive pledges to protect the public .
He reiterates that the 100 million won emergency fund, totaling 2,000 trillion won, would be provided through quantitative easing as an interest-free loan from the government to the people .
He argues that printing money in a divided country like Korea, with a ceasefire line, does not cause inflation because the money goes into the underground economy .

#7 (00:07:40)

Heo Kyung-young argues that a slight inflation is beneficial for economic revitalization, contrasting it with deflation, stagflation, and agri-flation .
He criticizes current government policies, comparing them to trying to prime a dry pump with a spoon, which is ineffective .
He suggests that a large amount of money, like a bucketful, is needed to revive the economy, similar to pouring a lot of water into a dry pump .
He criticizes the government’s small COVID-19 relief payments (tens or hundreds of thousands of won) as ineffective, as people spend it quickly on food and drinks .
He advocates for a continuous payment of 1.5 million won monthly, which would allow citizens to plan their lives, knowing they have a stable income even if they lose their jobs .

#8 (00:09:00)

Heo Kyung-young explains that the National Dividend account, even with 100 million or 1 billion won, cannot be seized by the state, private entities, or the National tax Service .
He emphasizes that this fund is for living expenses and disaster relief .
He promises that if he becomes president, the government will not seize household items or auction off family belongings, as it causes immense emotional damage to children .
He criticizes the current practice of seizing household items for debt, calling it an outdated practice from the Japanese colonial era that current politicians should address .
He reiterates that such actions cause deep wounds to many people .

#9 (00:10:20)

Heo Kyung-young compares Korea’s high private debt to Japan’s high national debt, noting that national debt is interest-free .
He explains that when the government needs more budget, it creates supplementary budgets by issuing bonds, which the Bank of Korea then monetizes .
He proposes issuing 2,000 trillion won in bonds to pay off citizens’ interest-bearing debts and provide 1.5 million won monthly .
He promises that as president, he would clear all interest-bearing debts .
He calculates that a family of five could receive around 500 million won, which could be used to clear their debts, while smaller families would receive less .

#10 (00:11:40)

Heo Kyung-young suggests that the 100 million won payment would compensate small business owners who have failed .
He criticizes the timing of government relief funds, which are often given just before elections, calling it a manipulative tactic .
He expresses his disapproval of such practices, stating that he is a critic of the government .
He advocates for giving a substantial amount of money to truly help citizens breathe and survive .
He criticizes the government for offering small amounts like tens of thousands of won as COVID-19 relief, which is insufficient to cover interest payments on household debts .

#11 (00:13:00)

Heo Kyung-young proposes that for those who cannot repay their apartment loans, the government should make them interest-free by bearing the interest burden .
He also suggests that private debts should be reported, and if verified, the government would cover 100% of private debts up to 300 million won, excluding newly incurred debts .
He believes this would eliminate private loans and allow people to live freely .
He emphasizes that the source of these funds is quantitative easing .
He clarifies that quantitative easing is specifically for providing 100 million won and resolving the 1,600 trillion won in household debt, not for the monthly 1.5 million won National Dividend .

#12 (00:14:20)

Heo Kyung-young argues that the government should take responsibility for the financial struggles of citizens, especially after the advent of credit cards, and make a decisive move to resolve their debts .
He expresses his desire not to see citizens suffer in a “hell of interest” .
He promises to clear all debts, including private loans, and eliminate the worries of 90% of the population if he becomes president .
He criticizes current government policies as “cutting water with a knife,” meaning they are ineffective and do not address the root causes of people’s suffering .
He asserts that his policies would fundamentally eliminate the root causes of people’s problems .

#13 (00:15:40)

Heo Kyung-young criticizes politicians for “mocking” the public by offering minimal help, comparing it to giving a single drop of water to a thirsty person .
He uses the analogy of a dry pump, stating that a single drop or a small amount of water will not make it work; a large amount is needed .
He reiterates the idiom “cutting water with a knife” to describe ineffective policies .
He references General Nami’s poem about drying up the Tumen River and grinding down Baekdu Mountain, symbolizing grand ambitions .
He mentions that General Nami was only 20 years old when he wrote this poem and was later framed and executed at 29 .

#14 (00:17:00)

Heo Kyung-young criticizes those who frame him, comparing it to the political intrigues that led to General Nami’s death .
He highlights that his past predictions, like the abolition of inheritance tax and the need for Samsung to change its strategy after Lee Kun-hee’s death, are now being recognized as correct .
He discusses the “three labor laws” that allow laid-off workers to join company unions, which he believes will drive Korean conglomerates overseas .
He argues that these laws are problematic because former employees with negative feelings towards the company can join unions and pressure management, hindering operations .
He states that he knows the root causes of these problems and, if in power, would address them .

#15 (00:18:20)

Heo Kyung-young argues that advocating for the abolition of inheritance tax is an act of love for the country, not an attempt to weaken labor unions .
He plans to abolish the current constitution and create a new one to establish labor unions that do not need to fight .
He claims to possess the secret to managing companies in a way that allows for fair wages without bankrupting businesses, ensuring workers’ children can attend university .
He proposes that with monthly payments of 3 million won for couples and free national university education, workers would not complain about low wages .
He suggests that this approach would contribute to the Korean labor movement without harming the economy .

#16 (00:19:40)

Heo Kyung-young advocates for “individual business” (invisible business) like the video and education industries, which do not require factories or chimneys, making Korea a leading developed nation .
He contrasts this with visible industries that cause pollution .
He uses London as an example of a city with few tall buildings but that once dominated the world through invisible businesses like finance and insurance .
He explains that Jewish people, who are often wealthy, engage in invisible businesses, where one person in an office can generate revenue comparable to Samsung .
He criticizes the traditional factory model with labor unions as outdated and inefficient .

#17 (00:21:00)

Heo Kyung-young explains that Jewish people control the global stock market, and one Jewish investor, who started with no capital, became the 40th richest person in the world through stock investment, doubling Lee Kun-hee’s wealth .
He highlights that Wall Street, dominated by such investors, operates without factories, generating immense profits through offices .
He describes “futures investment” as an individual business where investors profit when stock prices fall, using algorithms like AlphaGo to make investment decisions .
He states that these advanced computer systems, like AlphaGo and quantum computers, make investment decisions that human minds cannot compete with .
He emphasizes that such invisible businesses, like those of the Jewish investor who became wealthy through stock trading, are the future .

#18 (00:22:20)

Heo Kyung-young criticizes visible businesses (DB business) that rely on large factories and often lead to labor disputes and financial losses .
He contrasts this with developed nations like the US, which thrive on invisible businesses like insurance and finance, while developing countries like China and Korea focus on factory-based industries, leading to hardship .
He boasts about his own “spiritual industry” (invisible business), which generates 5 billion won in taxes annually and is projected to reach 500 billion won in 10 years, without factories or employees .
He explains that his spiritual services, like “blessings” and “angels,” generate immense wealth and will become more expensive as demand increases .
He claims that his spiritual industry, which involves giving “angels” and “blessings” through phone calls, will attract people from all over the world, making Korea a global spiritual hub .

#19 (00:23:40)

Heo Kyung-young reiterates that his “spiritual industry” (invisible business) will allow him to sustain the entire nation .
He contrasts this with traditional, visible businesses that involve large facilities, labor disputes, and environmental pollution, which he considers “developing country businesses” .
He claims that his spiritual lectures and services are unique globally and can only be done in Korea .
He explains that Korea’s geographical location, resembling the “womb of the Earth” or “ark of the Earth,” makes it the ideal place for his spiritual work .
He states that he was “conceived” in this “womb” (Korean Peninsula) in 1950, marking the beginning of a new spiritual era .

#20 (00:25:00)

Heo Kyung-young claims to provide “eternal life” to people, contrasting it with their current “limited biological lives” where their bodies are constantly decaying .
He explains that this limited life is meant to encourage people to seek enlightenment and understand the laws of the universe .
He asserts that by giving “angels” or “blessings,” he can transform people’s lives, and he is the first on Earth to demonstrate this visibly .
He claims his “complete angels” can know personal information like phone numbers, passwords, and bank account details, proving their authenticity .
He states that his “complete angels” will eventually be worth immense sums to wealthy individuals, surpassing even AlphaGo in accuracy .

#21 (00:26:20)

Heo Kyung-young asserts that with “individual business” (invisible business) like his spiritual industry, Korea’s prosperity is inevitable .
He plans to create a “Heo Kyung-young University” in Cheongju, Chungcheong Province, which will become a world-class institution, attracting students globally and causing Korean land prices to skyrocket .
He envisions building multiple international airports across Korea, further boosting the economy and making the peninsula untouchable by invaders .
He also plans to establish “Heo Kyung-young meditation centers” in every mountain valley, where people from around the world will come to receive his “angels” and learn about their past and future lives .
He suggests that people will flock to these centers to avoid reincarnation as animals and ascend to “Baekgong” (Heaven) .

#22 (00:27:40)

Heo Kyung-young invites a woman from the audience to demonstrate his spiritual abilities .
He gives her an “angel” and tests if it stays with her .
He then asks the “angel” if she was an animal in her previous life, and the “angel” confirms it .
He further asks if she was a pig, which is also confirmed, indicating she was a male pig in her past life and reincarnated as a woman .
He explains that if she had not met him, she would have reincarnated as an animal again due to her accumulated karma, but now she will go to Baekgong as a man .

#23 (00:29:00)

Heo Kyung-young explains that the “angel” knows all of the woman’s past records .
He states that people who speak ill of others often reincarnate as pigs, eating garbage .
He adds that those who harm others with their eyes become snakes without eyes, and those who use their hands to hurt others become snakes without limbs .
He describes how snakes carry venom, symbolizing the poison of their past actions .
He also mentions that lazy people who live off rental income might reincarnate as cows, working hard .

#24 (00:30:20)

Heo Kyung-young emphasizes that these karmic outcomes are precise and can be confirmed by the “angel,” which operates on a “cosmic algorithm” .
He states that the “angel” knows the woman’s bank account password, implying his omniscience .
He thanks the woman for her participation, noting that her appearance in his lecture is a great honor and will be watched by many for a thousand years .
He suggests that if even a respectable person like her was destined to be a pig, then others who are less virtuous would face similar or worse fates .
He reiterates that meeting him is the only way to avoid such a destiny and go to Baekgong .

#25 (00:31:40)

Heo Kyung-young explains that national household debt, which stands at 1,600 trillion won, is a result of political errors and mismanagement .
He asserts that if politicians make mistakes, the nation will suffer .
He uses the analogy “if there is this, then there is that” to explain cause and effect, stating that National Dividends lead to happiness .
He clarifies that quantitative easing is for creating the initial funds, while the National Dividend comes from the government’s annual budget .
He states that the national budget for next year is 556 trillion won, and he plans to use only 30% (150 trillion won) for government operations, saving 406 trillion won .

#26 (00:33:00)

Heo Kyung-young proposes abolishing the prison system and replacing it with a fine system based on wealth, which would generate 100 trillion won annually .
He also plans to create 5 million “special business operators” who can legally earn income through referrals, like real estate or legal services, which are currently unofficial or illegal .
He explains that these special business operators would pay taxes on their referral fees, generating another 100 trillion won in tax revenue annually .
He mentions that preventing tax evasion by high-income earners would also increase tax revenue by 200 trillion won .
He states that these savings and new revenues, totaling over 906 trillion won (406 trillion from budget cuts + 500 trillion from new revenues), are more than enough to pay National Dividends .

#27 (00:34:20)

Heo Kyung-young promises to eliminate all official entertainment expenses (판공비) if he becomes president or Seoul mayor, including his own salary and 10 billion won in official expenses, saving 75 billion won for Seoul .
He criticizes the current government for spending 32 trillion won annually on “gender equality” (성인지 예산), which he deems unnecessary and wasteful .
He recounts receiving 842 million won from the National Election Commission for promoting female candidates, which he believes is a misuse of taxpayer money .
He also criticizes the 20 trillion won spent annually on encouraging childbirth, calling it ineffective and a waste of money that is often misappropriated .
He highlights Korea’s low birth rate (0.7%), predicting further decline, and asserts that his policies would fundamentally address these issues .

#28 (00:35:40)

Heo Kyung-young concludes by asking if the audience still questions where the money for his policies comes from, implying that his explanations have clarified it .
He notes that he used Korean extensively in this lecture, making it easier to understand .
He reiterates the “cutting water with a knife” analogy to criticize current ineffective government policies .
He promises to eliminate the root causes of people’s suffering .
He advises the audience to close their eyes and focus on their lungs while breathing, as proper breathing and a positive mindset are crucial for health, preventing blood clots and diseases .

#29 (00:37:00)

Heo Kyung-young emphasizes that a positive mindset keeps red blood cells healthy and efficient in delivering oxygen, unlike negative emotions that damage them .
He performs a spiritual blessing, asking for the resolution of financial problems, real estate issues, family conflicts, and legal disputes for everyone present .
He concludes the lecture with music and applause .