Extraordinary Genius

“Father, Von said to wait and let Soros fall deeper before we could do more good.” Kirilenko said.

“Are you sure? Did you know that our country's external debt now stands at $130 billion, and our foreign exchange reserves, at only $13 billion? Our debt assets, worth less than $30 billion. Soros, they're attacking our financial industry. We can't resist!” Seshenko said.

Although Seshenko is a soldier, in Russia soldiers have the same great say in politics. The last time you helped Kirilenko pass the message up, you got the praise above.

“That's why we have to resort to Feng's approach: we have too many short-term bonds and too many external borrowings, which could drag our economy down at any moment. The demand for oil, gas, non-ferrous metals, etc. is decreasing and prices are decreasing. We will certainly not be able to afford it this year!” Kirilenko said, "So we can use Feng's approach to allow those international money to fill our caves, and we can avoid another vicious inflation! ”

Seshenko looked at Kirilenko and looked at his eldest son again: "What do you think? ”

“Father, I think my brother has a point, and in business, my brother is too much stronger than I am. My brother is Russian too. He won't lose his money, like the rest of us say. ”

Seshenko was most satisfied that his eldest son was not militarily highly qualified and walked smoothly under his sight. Nor is the second son very good at making money, even becoming the richest in Russia, so that their families no longer have to worry about money and do not have to walk the wrong way. Instead, the two sons knew what they wanted, and the relationship between the two brothers was very good.

Since the outbreak of Kirilenko, the richest man in Russia, a voice has emerged, saying that Kirilenko is relying on him, Seshenko, to the detriment of public and private life, to earn a huge family business.

Of course, after the investigation, that's not true at all. Most of Kirilenko's money is earned from abroad, and it also makes a significant contribution to domestic construction, such as the construction of electronics factories, automotive factories and so on, and Kirilenko's mining company is the only mining company that has not had an accident, although it has not been much exploited.

This also proves that Kirilenko, like the other wealthy Russians, devoured the country's minerals and then exploited them for profit.

The leadership is clear. The people below don't see it that way. Fortunately, Feng Yu also studied in Kirilenko for two years, and there were not many donations in Russia, so those remarks were only made privately, not too much.

“Since both of you brothers say so, I'll report back to the top to keep it steady. ”

This approach, which has also been argued by experts in the financial economy, is indeed feasible. Whether or not money will be taken away by international tourist resources and vicious inflation will be avoided in the country. Russia's economy improved last year, and this year it can never afford to be tortured again!

This year the unemployment rate in Russia has risen considerably, per capita GDP has fallen and many international investors are ready to liquidate and sell Russian assets, including some minerals.

Kirilenko also started at this time, signing contracts with several companies in the United States to purchase oil fields and mines held by those companies, but demanded payment in rubles, on the grounds that he did not have the United States dollar.

And at the end of August, if it's postponed, then for every week of extension, one percent of the late fee will be paid, and for every month of extension, 10 percent of the late fee will be paid.

Kirilenko painstakingly signed the agreement because he knew that perhaps at the end of August, the ruble would devalue considerably and she would never lose.

And the US companies, like the rest of Southeast Asia, thought that Russia could last at least a few months with Soros, after all, this is Russia, the big power.

Some of the reactions were quick, and in the second half of last year, the capital had been withdrawn, but after saving the Russian market, they thought it was okay, and some people came back to take advantage of it.

This is not the case, now the Russian stock market is rising, and the exchange rate of the roubles is rising.

By issuing short-term treasury bonds, the Russian economy has indeed shown signs of improvement, but the short-term treasury bonds have also been issued in excess of $70 billion!

Together, government bonds and foreign debt exceed $200 billion, and Russia's total revenue this year, after paying interest on these debts, leaves only 40 percent! This is just interest, let alone the fact that Russia has no means of repaying the principal.

So the yield on Russian government bonds began to soar, reaching 80 percent! It also means that the prices of Russian government bonds have fallen dramatically, market investors have low credibility with the Russian State, and there is panic in the market.

And at this point, Soros' entry into the capital, with a backdrop, did stabilize the Russian stock market and the rouble exchange rate, and even pushed both up.

Some of the foreign capital fleeing Russia was also prompted to return and prepare to make money. Russia's economy seems to be turning positively.

Soros invested tens of billions of dollars in assets, some of them his own, others in quantum funds. Part of the money buys stock, part of the futures, and he thinks this time, it's bound to make a lot of money.

But at this time, Russia issued a series of measures, which no one thought of!

Sovereign default!

External debt due was deferred for 90 days and short-term government bonds were extended to three-year government bonds.

It is a measure that reduces Russia's international credibility, but it does a good job of reducing contradictions within Russia. These contradictions were transferred to major creditor countries, such as Germany.

Commercial banks in those countries have a lot of bad debts, but Russia doesn't care.

At the same time, Russia announced a measure whereby the ruble would voluntarily cut its exchange rate against the dollar by 50 percent! Adjust from 1: 6.2 to 1: 9.5!

In other words, the ruble self-depreciated by 50 percent, a measure that nobody thought of.

Other countries are trying to stabilize the exchange rate without falling, with Russia taking the initiative to adjust the exchange rate and suddenly adjusting it by 50 percent!

Things happen, and they don't even have a chance to react.

Those who bought the ruble, watch the ruble bounce back, it's all crying now.

As long as they use more than twice as much leverage, they explode, and those contracts, they all turn into a piece of scrap paper!

Soros walked back and forth in the office, and he kept saying, "How did this happen? How did this happen?