Chapter 992: How could this be
"Father, Feng said that we will be more advantageous to wait and let Soros and them sink deeper. Pen | fun | pavilion www. biquge。 info," Kirilenko said.
"Are you sure? Did you know that our country's foreign debt debt has reached $130 billion, while our foreign exchange reserves are only $13 billion. Our liabilities are worth less than $30 billion. Soros, they attack our financial industry, and we can't resist at all! Seshenko said.
Although Seshenko is a military man, in Russia, military personnel have a big say in politics as well. The last time I helped Kirilenko to deliver a message, didn't I get praise from above?
"That's why we have to use Feng's method, we have too many short-term bonds, and we have too much foreign borrowing, which could bring down our economy at any time. The demand for oil, natural gas, non-ferrous metals and other metals has decreased, and the prices have been declining, and we will definitely not be able to make ends meet this year! "So if we use Feng's method, we can let the money from international travel money fill our holes, and we can avoid hyperinflation again!" ”
Seshenko looked at Kirilenko, and then at his eldest son: "What do you think?" ”
"Father, I think my brother has a point, and in business, my brother is much, much better than me. My younger brother is also our Russian, and he will not harm the public and private interests and cheat our own people's money as the outside world says! ”
What Seshenko is most satisfied with is not that the eldest son has a high level of military literacy, and under his care, he has gone smoothly. It's not that the second son is very good at making money, and even became the richest man in Russia, so that their family no longer needs to worry about money and don't have to go the wrong way. It's that these two sons know each other what they want, and the relationship between the two brothers is very good.
Since Kirilenko was revealed to be the richest man in Russia, there has been a voice that said that Kirilenko relied on him Seshenko to gain a huge family business.
Of course, after the investigation above, it is not the case at all. Most of Kirilenko's money is earned from abroad, and he has also made a lot of contributions to domestic construction, such as building an electronics factory, an automobile factory, or something, and Kirilenko's mining company is the only mining company that has not had an accident, although it has not mined much.
This also proves that Kirilenko is not, like other Russian tycoons, who embezzled the country's minerals and then frantically exploited them for profit.
The leaders above are clear, but the people below don't see it that way. Fortunately, Kirilenko has also studied Feng Yu in the past two years, and he has donated a lot in Russia, so those remarks are only said in private, and they don't make too much trouble.
"Since you two brothers say so, then I'll report to the top and let the top be stable again."
This method has also been demonstrated by experts in financial and economic fields, and it is indeed feasible. Not only will not be swept away by international funds, but also avoid the outbreak of hyperinflation in the country, Russia's economy did not improve last year, and this year it will definitely not be able to withstand any more toss!
This year, Russia's unemployment rate has increased a lot, per capita GDP has declined, and many international investors are ready to liquidate and sell off Russian assets, including some minerals.
Kirilenko also made a move at this time, signing contracts with several Mi companies, intending to buy the oil fields and mines held by those companies, but asked to pay in rubles, on the grounds that he did not have dollars.
And the time of payment, at the end of August, if it is extended, then for each additional week, you need to pay a late fee of 1 percent, and if you extend it for one month, you will have to pay a late fee of 10%.
Kirilenko happily signed the agreement, because he knew that perhaps at the end of August, the ruble would depreciate in large quantities, and she would definitely not lose anything.
And those Mi companies think that Russia can be the same as other countries in Southeast Asia, at least for a few months, because this is a big country Russia.
Some of the quick responses had already withdrawn in the second half of last year, but after the Russian bailout, they thought it was okay, and some people came back to take the opportunity to buy the bottom.
No, now the stock market in Russia is rising, and the exchange rate of the ruble is also rising.
Through the issuance of short-term government bonds, Russia's economy has indeed shown signs of improvement, but there are too many short-term government bonds, exceeding 70 billion US dollars!
The national debt and foreign debt together exceed 200 billion dollars, and Russia's total income this year, after paying the interest on these debts, can only be left 40 percent! And that's just interest, not to mention the fact that Russia simply can't repay the principal.
So the yield on Russian government bonds began to soar and reached eighty percent! This means that the price of Russian government bonds has plummeted, market investors are bearish on Russia's national credit, and the market has panicked.
At this time, Soros and their funds entered the market, and they entered the market with a bottom-buying posture, which did stabilize the Russian stock market and the ruble exchange rate, and even made both of them rise.
Some foreign investors who fled Russia have also been driven back and are ready to make money. Russia's economy seems to be turning positively.
Soros has invested tens of billions of dollars in assets, some of which are his own and some of which are investments from others in the Quantum Fund. Part of the funds buy stocks, part of the purchase of futures, he thinks, this time, will definitely make a lot of money.
But at this time, Russia issued a series of measures, which no one expected!
Sovereign debt default!
The payment of foreign debts due to maturity will be deferred for 90 days, and all short-term government bonds will be extended to three-year government bonds.
This is a measure to reduce Russia's international credibility, but it is a good way to reduce Russia's domestic contradictions. And these contradictions were transferred to those major creditor countries, such as Germany.
The commercial banks of those countries will have a large number of bad debts, but Russia will not care.
At the same time, Russia also announced a measure in which the exchange rate of the ruble against the dollar was voluntarily lowered by 50%! Adjusted from 1:6.2 to 1:9.5!
In other words, the ruble will be devalued by 50 percent on its own, a measure that no one expected.
Other countries are trying to find ways to stabilize the exchange rate and not fall, but Russia took the initiative to adjust the exchange rate, and it was adjusted by 50% all of a sudden!
It happened, and they didn't even have a chance to react.
Those who bought rubles, who were optimistic that the rubles would rebound, all cried at this time.
As long as they use more than twice the leverage, they will blow up, and those contracts will all become a piece of waste paper!
Soros walked back and forth in the office, and he kept thinking in his heart: How could this be? How so! (To be continued.) )