The fourth update

During the 1998 financial crisis, international speculators tried to attack Hong Kong, but because Hong Kong returned to China on July 1, the central government handed over nearly 200 billion yuan of land funds to Hong Kong, withstanding the impact of Soros and other giant crocodiles at that time. In addition www.biquge.info Russia at that time played a more desperate game, directly announcing a moratorium on the repayment of $13.5 billion of debt, which is equivalent to a flagrant default. As a result, Russia has at least $13.5 billion on hand to deal with the attacks of international speculators, which is far beyond the capacity of international speculators, and they eventually chose to withdraw from the game under the influence of the losses in Hong Kong and Russia.

Now Yanayev doesn't need to be so frustrated that he will use debt moratorium to fend off the financial crisis, and his foreign currency reserves will be enough to keep any country trying to attack the Soviet Union alive. And those who dared to try to attack the financial stability of the Soviet Union, the KGB would gently knock on their doors.

Oil revenues are now the lifeblood of light industry, and Yanayev sees him as a card to save Soviet industry. If it weren't for Yanayev's hard-line government support, the bad light industry would not have been forced to survive from the situation where it had only its last breath left.

At the beginning, the Soviet Union had neither human cost advantages, nor financial and technological advantages, nor even a huge market support. If Yanayev sells oil and gas for a high income, it will be even more impossible to develop light industry. The high GDP per capita has led to the production of light industrial goods that are too expensive to be marketable.

It is impossible for the Soviet Union to have a low labor cost to engage in low value-added light industry, because of the high per capita GDP, to engage in light industry, we can only start with medium and high-end light industrial products, otherwise there will be no profits to feed enterprises, and this kind of industry in the Soviet Union has always been a short board and lacks a social foundation since the abnormal development of the Stalin model. The income level of the country determines what kind of industry can be developed in your country. This principle is also applicable to Europe, the United States and Japan, these high-income countries in the nineties, most of the low-value-added manufacturing parts of light industry were relocated or outsourced to low-wage countries such as China and Vietnam, and only the high-value-added parts of design and brand were retained, while the Soviet light industry, without high-quality design and branding, was difficult to develop.

Now, it's a dead end. But fortunately, the little foundation he had laid in the original Council for Mutual Economic Assistance was still there, and Yanayev still had a chance to fight back. In fact, Yanayev could not understand why the leaders of that time would come up with the idea of letting other countries develop agricultural light industry and specialize in heavy industry themselves. Perhaps everything is the fault of the socialist mode of thinking. It's just that it's getting harder and harder to wipe your butt in the back.

Since Yanayev came to power in 1991, he has been working to solve these problems, including encouraging childbirth, and even forcibly opening up the immigration policy to attract foreign population into the Soviet Union to engage in low-end labor industry production, and the recruitment of foreign population is mainly concentrated in some countries in East and Southeast Asia, and the government allocates funds for the development of light industry every year, and provides various preferential policies.

As a result, there was considerable opposition within the Kremlin, arguing that the government offered so much of a low interest rate every year to ensure that light industry was far less expensive than importing from abroad, and that the Soviet people could live well enough on oil revenues to avoid such a masochistic way of development.

However, no one dared to oppose the general secretary's decided policy, and in the face of such a tough attitude, the light industry, which had been started almost from scratch, also improved slightly.

In fact, Yanayev is not without consideration, and from the later ****** of the sale of resources, it can be seen that a single oil export strategy will not work at all, and one day the world oil price will plummet, and it will be better to jump off the building together. Focus on heavy industry, light industry import Chinese model? It works according to the principle of pursuing advantages and avoiding disadvantages, but then it only falls into a vicious circle of the Stalinist model.

Only by combining oil and heavy industry, and then vigorously supporting the development of light industry, and bringing the proportion of industry in the Soviet Union into a benign situation, is what Yanayev wants to see.

It's hard to return, it's hard to return. A perfect illustration of the current state of affairs in the Soviet Union.

The domestic reform situation can only be regarded as laying the foundation, and the real perfection still has to be handed over to the people who come later.

And so far, the Kara Sea oil field is the last card to save life, although the Soviet Propaganda Department has spread to the world the news that the Soviet Union has oil reserves in the Gulf of Mexico in just one sea, but the real situation directly fed back from the oil extraction platform is not optimistic.

The main reason is that the development of oil in the offshore oil fields of the Arctic Circle is extremely expensive, and the oil extracted from the detergent developed by China and the United States is not commonly used in the extreme tundra in those places, which is an important factor limiting the development of the Kara Sea oil fields. As a result of the high cost of oil extraction, competitiveness is lost.

Yanayev closed the feedback report and felt that the weight of a piece of paper had become heavier than a ton of iron.

From now until around 2000, the Kara Sea will officially produce oil, and there are still two years for Yanayev to use this hole card as a trump card for blackmail, which is his bargaining chip with OPEC, and if a joint advance and retreat agreement can be reached, Yanayev will have much less pressure.

He stood in front of the window of his office, his back a little gloomy. After so many years of confrontation, Yanayev is almost exhausted, but the Kremlin will not grow old, it is still solemn, waiting for his next leader to take over.

We will continue to maintain and raise the trend of oil prices and the development strategy of the Far East. This is an important step that Yanayev must get back on track as soon as possible before he leaves office in 1999. Money is the most important thing in resolving the contradictions in the Soviet Union and correcting the mistakes. Without sufficient financial support, everything is empty talk.

"I just want to finish the last move before it's all over, and after almost eight years of waiting, it's almost time to finish."

In terms of the international political situation, the Soviet Union has dealt with East Germany, and the next step will be to target the Eastern European countries. Unfortunately, Eastern Europe is not facing a situation that has been superior to its history, and the continued global economic weakness has made Eastern European countries simply unable to match the historical developments.

If the Soviet Union chooses to stop attacking, then NATO will accelerate its eastward expansion, and in the end it will be either you die or I will die.

And death never belongs to the working class. (To be continued.) )