Chapter 992: How could this be

"Father, Feng said that he would wait, let Soros get deeper, and we will be more favorable." Kirilenko said.
"Are you sure? You know, our country now has a foreign debt of 130 billion US dollars, and our foreign exchange reserves are only 13 billion US dollars. Our debt assets are worth less than 30 billion US dollars. Soros they attacked our financial industry, we can't resist!" said Sesenko.
Although Sesenko is a soldier, in Russia, military personnel have a great say in politics. The last time I helped Kirilenko to deliver words, didn't I get the praise above.
"So we can only use Feng's method. We have too many short-term bonds and too many external borrowings. This may drag our economy at any time. The demand for oil, natural gas and non-ferrous metals is decreasing, and prices are falling. We must still be unable to make ends meet this year!" Kirilenko said, "so we can use Feng's method to fill the holes in the international hot money, and avoid the vicious inflation again!

Sesenko looked at Kirilenko and looked at his eldest son again: "What do you think?"
"Father, I think the younger brother said that it makes sense, and in business, the younger brother is much stronger than me. The younger brother is also our Russian. He will not be as bad as the outside world, and will hurt their own money!

The most satisfying thing about Sesenko is that the eldest son’s military literacy is very high. Under his care, he walked smoothly. It is not the second time that they will make money, and even become the richest man in Russia, so that their family no longer needs to worry about money, no need to take the road. But the two sons know each other what they want, and the relationship between the two brothers is very good.
Since Kirilenko was blown out and was the richest man in Russia, there was a voice that said that Kirilenko had earned a huge family business by relying on him.
Of course, the above investigation is totally different. Most of Kirilenko’s money has been earned from abroad, and he has made significant contributions to domestic construction, such as the construction of electronics factories, automobile factories, and mining companies in Kirilenko. It is the only mining company that has not had an accident, although it has not been mined.
This also proves that Kirilenko is not the same as the other richest Russians. It is the embezzlement of the country's minerals, and then the exploitation of profit.
The above leaders are clear, the following people do not think so. Fortunately, Kirilenko also studied Feng Yu in the past two years. He did not make any donations in Russia, so those comments were only privately said, and there was no big trouble.
"Since both of your brothers have said this, then I will report it to the above and let the above stabilize."
This method, which has also been discussed by experts in the financial economy, is indeed feasible. It will not be able to take away money from international hot money, but also avoid vicious inflation in the country. Last year, Russia’s economy could not be improved. This year, it will definitely not stand up again!
Russia’s unemployment rate has increased a lot this year, and per capita GDP has fallen. Many international investors are preparing to liquidate and sell Russian assets, including some minerals.
Kirilenko also shot at this time, signed contracts with several companies in the country, intending to buy oil fields and mines held by those companies, but asked to pay with rubles. His reason is that he does not have dollars.
And the time of payment, at the end of August, if the extension, then every one week of extension, you need to pay a one-percentage of late fees, a one-month extension, you must pay a 10% late payment fee.
Kirilenko signed the agreement with ease, because he knows that perhaps at the end of August, the ruble will depreciate a lot, and she will never lose.
And those companies in the country think that Russia can stay with Soros for at least a few months, just like other countries in Southeast Asia. After all, this is a big country, Russia.
Some of the quick response, the second half of last year, has already divested, but after the Russian bailout, they think it is okay, and some people come back to take the opportunity to bargain.
No, now Russia’s stock market is rising, and the ruble’s exchange rate has risen.
By issuing short-term government bonds, the Russian economy has indeed shown signs of improvement, but this short-term government bond issuance too much, more than 70 billion US dollars!
Together, the national debt and foreign debts exceeded 200 billion US dollars. After the total income of Russia this year, after paying the interest on these debts, only 40% will be left! This is only interest, not to mention that Russia has no way to repay the principal.
Therefore, the yield of Russian government bonds began to soar, reaching 80%! This means that the price of Russian government bonds has fallen sharply, market investors have low opinion on Russia's national credit, and the market has panic.
At this time, Soros's funds came into play, and a bargain-hunting posture came into play, which really stabilized the Russian stock market and the ruble exchange rate, and even made both of them rise.
Some foreign investors fleeing Russia have also been driven back to make money. The Russian economy seems to be turning positively.
Soros has invested tens of billions of dollars in assets, some of which are his own, and some are investments of others in the Quantum Fund. Part of the capital to buy stocks, part of the purchase of futures, he believes that this time, will certainly make a big profit.
But at this time, Russia has released a series of measures, and none of these measures have been thought of!
Sovereign debt default!
The foreign debts due are extended for 90 days, and the short-term national debts are extended to three years.
This is a measure to reduce Russia's international reputation, but it has greatly reduced the contradictions in Russia. And these contradictions were transferred to the main creditor countries, such as Germany.
Commercial banks in those countries will have a lot of bad debts, but this Russia can be ignored.
At the same time, Russia also announced a measure, that is, the ruble's exchange rate against the US dollar was actively reduced by 50%! Adjusted from 1:6.2 to 1:9.5!
In other words, the ruble's independent depreciation of 50%, this measure, no one expected.
Other countries are trying to stabilize the exchange rate without falling, but Russia has actively adjusted the exchange rate, and it has been adjusted by 50%!
Things happened, which made them have no chance to react.
Those who bought the ruble, optimistic that the ruble will rebound, all crying at this time.
As long as they used more than twice the leverage, they broke the position, and all the contracts became a piece of waste paper!
Soros walked around the office, and he kept saying in his heart: How could this be? How could this be!