Chapter 638 Schadenfreude

The Soviet ruble is one of the most influential currencies in the world, and its influence has risen and fallen with the changes in its international status, from Tsarist Russia to the former Soviet Union to the current Russia. When the wheels of history rolled to 1989, the ruble changed radically. It was also in this year that 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 a dual exchange rate system. After the collapse of the Soviet Union on December 25, 1991, the ruble's mission in the Russian Federation continued, but its status was already shaky and much less than it used to be. Another upheaval is inevitable. Sure enough, in 1993, the Russian government carried out the largest ruble reform in history, replacing the old ruble with a new version of the ruble, and the old ruble, which began to be issued in 1961, completely withdrew from the historical dance

Moscow, which was financially undefended, began financial liberalization without preparation and regulation, and it was this move that brought deep disaster to the Soviet Union. The reform of the market economy, which is regarded as a classic of the West, began to be implemented, and the privatization of state-owned enterprises without plans and standards began to be gradually promoted. Under seemingly fair conditions, the original state-owned enterprises in the Soviet Union were divided equally among everyone, and according to relevant data, each Soviet citizen at that time was about 100,000 to 50,000 rubles of state-owned assets, of course, in the form of shareholding reform and securitization of state-owned enterprises. Ko 10,000 - 150,000 rubles was a lot of money under the conditions of the time, about 40,000 dollars. But when the Soviet people were collectively reveling, they forgot one thing, and that was that all they got was securitized wealth on their books, and what was even more terrible was that the securities were denominated in rubles, the Soviet ruble, and behold, a public plunder of wealth began.

In parallel with the reform of state-owned enterprises and the exchange rate, the Soviet Union began a disorderly financial opening. Internationally renowned investment banks, commercial banks, and insurance institutions began to flock in, and their business outlets and institutions sprung up in the Soviet Union and all parts of Russia after the collapse of the Soviet Union. Modern management, private banking services, international standard settlement, fragrant coffee, high-end business premises, and "charming" smiles, everything looks so good.

Through a set of marketing methods honed in the markets of developed countries, various foreign banks solicited deposits at high interest rates and bought and co-opted the ruble savings of Soviet enterprises. The state-owned banks of the USSR, which had to wait in line forever, were abandoned, and there was a big transfer of deposits of the Soviet people. After the collapse of the Soviet Union, financial investors intensified their efforts to borrow rubles from various Russian financial institutions and pay high interest rates through other projects.

When the Russian people, businesses, financial institutions, and even the Central Bank of Russia briefly enjoyed a "free lunch" and fragrant coffee, and breathed in the fresh air of the free market, a real financial plunder began to close the net before you knew it. The tragic fate of the ruble began when the rubles of Russian depositors and state-owned banks that had been borrowed for the aggressive shorting of the ruble were in place. "Research reports" on the large-scale depreciation of the ruble and the state-owned enterprises of the former Soviet Union began to flood the international financial circles -- "the state-owned enterprises of the former Soviet Union have no ability to survive at all," "the bonds of the state-owned enterprises of the former Soviet Union are seriously overvalued," "the ruble needs to be repriced," and "the ruble should adopt a more free market-oriented float."

On the one hand, there are accurate research reports by international financial institutions and negative reports from the international financial media, and on the other hand, the securities prices of state-owned enterprises in the former Soviet Union are falling rapidly. The people of the former Soviet Union exclaimed, "What's wrong," but they had no choice but to join the army of selling, constantly "selling, selling, selling," while the market "plummeted, plummeted, plummeted, and plummeted." In this way, smiling foreign and financial investors bought out the state-owned enterprises of the former Soviet Union with borrowed money from others (the money of the people of the former Soviet Union, enterprises and financial institutions).

After the collapse of the ruble exchange rate market, the international capital raiders who had set up a financial scam paid off the huge ruble debt with only a pitiful dollar and bought the state-owned assets of the former Soviet Union at a low price. For them, it's not just earned, it's a big profit, it's crazy plunder. That's how the United States spent just a few hundred million dollars to earn the wealth that the people of the former Soviet Union had accumulated for 70 years -- $28 trillion.

It's just that due to the appearance of Lin Yu, the more than 20 trillion US dollars now belong to Lin Yu, a traverser.

In this way, the traverser is still very favored by God.

On the one hand, the accurate research reports of the international financial institutions and the overwhelming negative reports of the international financial media, and on the other hand, the corporate securities prices of the state-owned enterprises of the former Soviet Union have been falling rapidly.

Although people don't know what's going on, they know that their corporate bonds are depreciating, and panicked people can only join the selling army, and the bond market continues to plummet.

At this time, the Soviet Union also collapsed, the economy was on the verge of collapse, and people were horrified that those corporate bonds would sooner or later become waste paper without any ability to pay dividends, and it was better to throw them away and repay them sooner, at least for a small amount of money, rather than leaving them useless and making them rubbish.

At this time, the major banking institutions quietly collected these corporate bonds, bought them at the price of junk, and became their legal equity holders, and then quickly redistributed the equity and income rights through various secret channels.

Over the past 70 years, the powerful state-owned industrial system of the Soviet Union, which had been built up by generations of Soviet people, completely collapsed and changed hands to a few, and this huge wealth of nearly $30 trillion quietly changed hands.

What is even sadder and ridiculous is that all this was bought from the Soviets at the price of garbage with their own money, and the wealth of a country was sold by its people.

At this time, in the Moscow Hotel.

Dan Ze took out a document and said, "We have not yet counted the final gains, because those people in various places, especially in the Far East, have not yet fully counted our gains, and this wealth is too large, and I am afraid it will take a month." ”

Lin Yu naturally knows that this operation is aimed at a superpower, and it is absolutely impossible to get a small amount, so many corporate bonds, even if the statistics are probably it will take a long time, fortunately, his family has enough people, and it will not be too troublesome to deal with these things, but those Americans and British are probably a little uncomfortable.

Thinking of this, Lin Yu smiled gloatingly, and then asked, "What about the companies we focus on?" ”