Rebirth of the Great Entertainment Empire

Vol 2 Chapter 795: How far has the ruble fallen now?

Beijing.

Hundreds of lives.

In Xu Cun's bedroom.

"Um!"

Shaking slightly, Xu Cun released Chen Derong's hands behind his back, and then left behind Chen Derong, who was kneeling on the bed.

Chen Derong, who felt that her body was being injected with a scalding hot body and was dripping with sweat, thought, "It's finally... it's over!" Then, Chen Derong didn't care about the dirt on her body and under her body, and just found a clean place to lie down. .

Soon, the exhausted Chen Derong fell asleep.

He glanced at the dozen or so bodies that were lying on top of each other so that any man would be willing to **** it. Xu Cun, who was still full of interest, lay between Jin Huixiu and Xu Qing.

After tossing and turning for a long time, Xu Cun, who couldn't fall asleep because he was not completely satisfied, opened his eyes again.

Then, Xu Cun stretched out his hands to hug Jin Huixiu and Xu Qing respectively, and put his hands up and down on their perfect bodies-Xu Cun hoped that he could awaken their desires, and then play with him for another round.

pity--

Even under Xu Cun's superb skills, Jin Huixiu and Xu Qing just snorted and did not give any positive response.

Seeing this, Xu Cun could only give up reluctantly, and at the same time said angrily: "It seems that we will have to add a few more tomorrow!"

At this moment, Xu Cun, who was sensitive to his five senses, noticed 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 look of joy and came to Lin Zhiling's side.

Seeing Xu Cun coming, Lin Zhiling, who was already very tired, instinctively began to avoid.

When it was no longer possible to hide by the bedside, Lin Zhiling begged for mercy: "Godfather, it's not going to work anymore!"

Xu Cun grabbed Lin Zhiling's ankle, then dragged Lin Zhiling back to the bed, and then separated Lin Zhiling's two long legs and said, "Little Ling, be good, godfather, try to hurry up."

Xu Cun had already said so, and Lin Zhiling could only co-operate with a single word, and then said, "Godfather, you have to hurry up, they won't last long."

In order to distract himself and end this time quickly, Xu Cun asked Lin Zhiling, "How far has the ruble fallen now?"

Lin Zhiling, who had been with Xu Cun for three or four years, knew that Xu Cun was trying to distract himself and wanted to end this time quickly, so he cooperated and said, "Well...it's more than three hundred and forty."

While lying on Lin Zhiling's body, Xu Cun said, "Oh? Have you fallen so much?"

Lin Zhiling vigorously said: "Since Russia implemented shock therapy 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 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 experienced its first major fluctuation in 30 years. On November 1, 1990, after the implementation of the exchange rate system reform, the dollar-ruble ratio on the foreign exchange market jumped from 1:0.6 to 0.6. One point eight.

After the collapse of the Soviet Union on December 25 last year, the ruble's mission continued in the Russian Federation, but its status was already shaky and not as good as it used to be - and another upheaval was inevitable.

The medical term "shock therapy" was introduced to economics in the mid-1980s by the American economist Jeffrey Sachs.

Shock therapy was first proposed when Sachs was hired as an economic adviser to the Bolivian government.

Bolivia is a small country with a backward economy in South America. Due to the turbulent political situation for a long time, the government's economic policies kept making mistakes, and the resulting economic problems accumulated a lot but could not be solved, and finally led to a serious economic crisis - 198 In five years, the Bolivian government's budget deficit reached 485 trillion pesos, accounting for about one-third of its GDP, and the inflation rate was as high as 24,000 percent. The national economy was almost on the verge of collapse.

It was precisely in the face of such a dangerous economic situation that Sachs, who was employed at the time of crisis, boldly put forward a set of economic programs and economic policies, the main contents of which were: implementing austerity financial and fiscal policies, reducing government expenditures, canceling Subsidies, price liberalization, trade liberalization, exchange rate stabilization through currency devaluation, further reform of the administrative and tax system, privatization of some public sectors and enterprises, debt rearrangement and foreign aid, etc.

Because the implementation of this set of economic programs and policies has a strong impact, it may cause a huge shock to the economic life of the society in the short term, and even lead to a "shock" state. The proposed set of economic programs and policies to stabilize the economy and control inflation is called "shock therapy".

The initial implementation of shock therapy in Bolivia received unbelievable miraculous effects - less than a week after the implementation of the therapy, hyperinflation was strongly contained, prices stabilized from skyrocketing, and the national economy declined after a short period of time. Gradually pick up. At the same time, due to the effective measures taken, the debt problem has also been significantly eased, and Bolivia has finally overcome the severe debt crisis.

It is precisely because of this successful example that at the beginning of this year, Yeltsin, who inherited most of the Soviet Union's family background, adopted the reform proposal of al-Qaeda, who was only 35 years old, focusing on shock therapy, and promoted al-Qaeda exceptionally. For the prime minister, shock therapy was fully implemented, and then the economy of the Soviet Union was reformed.

Then the original state-owned enterprises in the Soviet Union were equally distributed to every Russian - according to relevant data, each Soviet citizen was allocated about 100,000 to 150,000 rubles of state-owned assets. transformed form.

100,000 to 150,000 rubles was a fortune at the time—about forty thousand dollars.

In parallel with state-owned enterprises and exchange rate reforms, Russia has embarked on a disorderly or even completely undefended financial opening.

Under this circumstance, various internationally renowned investment banks, commercial banks and insurance institutions have flocked to Russia.

Through a set of marketing methods honed in developed markets, foreign banks attract deposits at high interest rates and buy ruble deposits from Russian companies.

Soon, the former Soviet state-owned banks, which always had to wait in line, were abandoned - a big transfer of Russian people's deposits.

After being abandoned by the Russian people, the state-owned banks of the former Soviet Union had to find another way in order not to be eliminated by the free economy - under the operation of various internationally renowned investment banks, commercial banks and insurance institutions~www.readwn. com~ A number of state-owned banks in the former Soviet Union lent their rubles at high interest rates to internationally renowned investment banks, commercial banks, and insurance institutions.

At the same time, under the hype of world-renowned investment banks, commercial banks and insurance institutions, the Russian people who have been impoverished for many years have begun to use the shares of state-owned enterprises they have just acquired to enjoy a high-quality and luxurious life.

From frugality to extravagance is easy, from extravagance to frugality is difficult, what's more, the poor Soviet people have been poor for so many years!

Soon, internationally renowned investment banks, commercial banks, and insurance institutions lent rubles from state-owned banks in the former Soviet Union to the poor Russian people, and the collateral was the shares of state-owned enterprises owned by the Russian people.

Among the world-renowned investment banks, commercial banks, and insurance institutions, the ones with the largest transaction volume are undoubtedly those who have settled in Russia as early as the mid-1980s, have a large number of outlets all over Russia, and have relationships with many state-owned banks in the former Soviet Union. The excellent Baye Bank - almost half of the loan business of the Russian people is handled from the Baye Bank.

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