Chapter 795: How far has the ruble fallen now?
…
Beijing. Pen, fun, and www.biquge.info
Hundreds of dwellings.
Xu Cun's bedroom.
"Hmm!"
With a slight shake of his body, Xu Chu let go of Chen Derong's hands behind his back, and then left behind Chen Derong who was kneeling on the bed.
Feeling that a ball of heat was injected into her body, Chen Derong, who was drenched in sweat, said in her heart: "Total ...... It's finally over!", then, Chen Derong didn't care about the dirt on her body and under her body, and directly found a clean place to lie down.
Soon, Chen Derong, who was exhausted, fell asleep.
glanced at the more than a dozen bodies lying horizontally and vertically that made any man willing **** to see it, and Xu Cun, who was still unsatisfied, lay between Kim Hye-so and Xu Qing.
After tossing and turning for a long time, Xu Cun, who couldn't fall asleep because he hadn't been completely satisfied, opened his eyes again.
Then, Xu Cun stretched out his hands to pick up Kim Hye-so and Xu Qing, respectively, and put their hands up and down on their perfect bodies - Xu Cun hoped that he could awaken their desire and play with him for another round.
It's a pity -
Even under Xu Cun's superb skills, Kim Hye-so and Xu Qing only snorted and did not give any positive response.
Seeing this, Xu Cun could only give up unwillingly, and at the same time said with a stupid face: "It seems that there will be a few more tomorrow!"
At this moment, Xu Cun, who was sensitive to five views, found that Lin Zhiling, who was lying at the end of the bed, moved.
With this discovery, Xu Cun immediately let go of Jin Huixiu and Xu Qing with a happy face and came to Lin Zhiling's side.
Seeing Xu Cun coming, Lin Zhiling, who was already very tired, instinctively began to dodge.
Until he hid by the bedside and had no way to hide, Lin Zhiling begged for mercy: "Godfather, no one can do it anymore!"
Xu Cun grabbed Lin Zhiling's ankle, then dragged Lin Zhiling back to the bed, and then said while parting Lin Zhiling's two long legs: "Xiaoling, godfather, try to hurry up." ”
Xu Cundu had already said so, and Lin Zhiling could only cooperate with the one-word horse, and then said: "Godfather, you have to hurry, people can't hold on for too long." ”
In order to distract himself and end this time quickly, Xu Cun asked Lin Zhiling: "To what extent has the ruble fallen now?"
Lin Zhiling, who had been with Xu Cun for three or four years, knew that Xu Cun was distracting himself and wanted to end this time quickly, so he cooperated: "Hmm...... One is more than three hundred and forty. ”
Xu Cun leaned on Lin Zhiling's body and said, "Oh, it's already fallen so much?"
Lin Zhiling said strongly: "Since the introduction of shock therapy in Russia on January 2, the ruble has been falling, and the decline is getting bigger and bigger......"
In 1989, the ruble underwent a fundamental change -- the Soviet Union announced that it would carry out a reform of the exchange rate system, changing from the original fixed exchange rate system to the implementation of a dual exchange rate system.
Subsequently, the ruble fluctuated sharply for the first time in 30 years -- on 1 November 1990, after the reform of the exchange rate system was implemented, the dollar-ruble price in the foreign exchange market jumped from 1 to 0.6 to 1.8.
After the collapse of the Soviet Union on December 25 last year, the ruble's mission in the Russian Federation continued, but its position has become shaky and much less than it used to be - another upheaval is inevitable.
The medical term "shock therapy" was introduced into the economic field by the American economist Jeffrey Sachs in the mid-eighties of the twentieth century.
Shock therapy was first proposed when Sachs was hired as an economic adviser to the Bolivian government.
Bolivia is a small and economically backward country in South America, and due to the long-term political turmoil and the government's constant mistakes in economic policies, the economic problems caused by this accumulation of large quantities and failure to solve them have finally led to a serious economic crisis -- in 1985 the Bolivian government had a budget deficit of 485 trillion pesos, accounting for about one-third of its gross domestic product, and the inflation rate was as high as 24,000 percent, and the national economy was almost on the verge of collapse.
It was precisely in the face of such a sinister economic situation that Sachs, who was hired at a time of crisis, boldly put forward a set of economic programs and economic policies, the main contents of which were: the implementation of a tight financial and fiscal policy, the reduction of government spending, the abolition of subsidies, the liberalization of prices, the implementation of trade liberalization, the realization of exchange rate stability through currency devaluation, the further reform of the administrative and taxation systems, the privatization of some public sectors and enterprises, the reorganization of debts, the acceptance of foreign aid, and so on.
Because the implementation of this set of economic programs and policies has a strong impact force, it may cause huge shocks in the economic life of society in a short period of time, and even lead to a state of "shock." Therefore, people borrow medical terms and call this set of economic programs and policies put forward by Sachs to stabilize the economy and control inflation "shock therapy."
The initial implementation of shock therapy in Bolivia has had incredible results - within a week of its implementation, hyperinflation has been vigorously contained, prices have stabilized from skyrocketing, and the national economy has gradually recovered after a brief decline. At the same time, thanks to effective measures, the debt problem has been significantly alleviated and has finally enabled Bolivia to overcome its severe debt crisis.
It is precisely because of this successful example that Yeltsin, who inherited most of the Soviet Union's family background at the beginning of this year, adopted the reform proposal put forward by the 35-year-old Gaida with shock therapy as the main body, and promoted Gaida to prime minister in an exceptional way, comprehensively implemented shock therapy, and then reformed the Soviet economy.
Subsequently, the original state-owned enterprises of the Soviet Union were divided equally among every Russian - according to relevant data, each Soviet citizen was probably allocated about 100,000 to 150,000 rubles of state-owned assets, of course, in the form of shareholding reform and securitization of state-owned enterprises.
Between 100,000 and 150,000 rubles was a lot of money at that time - about 40,000 dollars.
In parallel with the reform of state-owned enterprises and the exchange rate, Russia began a disorderly or even completely undefended financial opening.
Under such circumstances, well-known international investment banks, commercial banks, and insurance institutions have flocked to Russia.
Through a set of marketing methods honed in the markets of developed countries, various foreign banks have acquired deposits at high interest rates and bought up the ruble savings of Russian companies.
Soon, the state-owned banks of the former Soviet Union, which had to wait in line forever, were abandoned - and there was a great transfer of deposits from the Russian people.
After being abandoned by the Russian people, the state-owned banks of the former Soviet Union had no choice but to find another way to prevent themselves from being eliminated by the free economy -- under the operation of various internationally renowned investment banks, commercial banks, and insurance institutions, the state-owned banks of the former Soviet Union lent their rubles at high interest rates to various internationally renowned investment banks, commercial banks, and insurance institutions.
At the same time, under the hype of various internationally renowned investment banks, commercial banks, and insurance institutions, the Russian people, who have been poor for many years, have begun to enjoy a high-quality and luxurious life with the shares of state-owned enterprises that they have just acquired.
It is easy to go from thrift to luxury, and it is difficult to go from luxury to thrift, not to mention that the poor Soviet people have been poor for so many years!
Soon, the world's leading investment banks, commercial banks, and insurance institutions lent rubles from the state-owned banks of the former Soviet Union to the impoverished Russian people, and the collateral was the shares of state-owned enterprises owned by the Russian people.
Among the internationally renowned investment banks, commercial banks, and insurance institutions, the one with the largest transaction volume is undoubtedly the Hegemony Bank, which has settled in Russia as early as the mid-80s, has a large number of outlets throughout Russia, and has excellent relations with the state-owned banks of the former Soviet Union.
……