Rebirth of the Great Entertainment Empire

Chapter 795 How far has the ruble fallen now?

BJ.

Baicunju.

In Xu Cun's bedroom.

"Um!"

With a slight trembling of his body, Xu Derong released Chen Derong's hands behind his back, and then left behind Chen Derong who was kneeling on the bed.

"It's... Finally, it's over!" Then, Chen Derong didn't care about the dirt on her body and under her body, and directly found a clean place to lie down.

Soon, Chen Derong, who was exhausted, fell asleep.

After scanning the dozen or so beautiful bodies that any man would be willing to fuck when he saw them, Xu Cun, with an unsatisfactory expression on his face, 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 arms 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 hummed and did not give any positive response.

Seeing this, Xu Cun had no choice but to give up unwillingly, and at the same time said bitterly: "It seems that we have to add a few more tomorrow!"

At this moment, Xu Cun, who had a keen sense of five senses, noticed that Lin Zhiling lying at the end of the bed moved.

With this discovery, Xu Cun immediately let go of Jin Huixiu and Xu Qing with joy and came to Lin Zhiling's side.

Seeing Xu Cun approaching, Lin Zhiling, who was already very tired, instinctively started to dodge.

When it was impossible to hide by the bed, Lin Zhiling begged for mercy: "Godfather, I can't do it either!"

Xu Cun grabbed Lin Zhiling's ankle, and then dragged Lin Zhiling back to the bed. Then, while parting Lin Zhiling's two long legs, he said, "Little Ling, please hurry up."

Xu Cun had already said that, and Lin Zhiling could only co-operate with a one-sided horse, and then said: "Godfather, you have to hurry up, I can't hold on for too 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 distracting himself and wanted to end this time quickly, so he cooperated and said, "Well... one is more than three hundred and forty."

Xu Cun leaned on Lin Zhiling's body and said, "Oh? Has it fallen so much?"

Lin Zhiling cheered up and said: "Since Russia implemented shock therapy on January 2, the ruble has been falling, and the decline is getting bigger..."

In 1989, the ruble underwent a fundamental change—the Soviet Union announced the reform of the exchange rate system, changing from the original fixed exchange rate system to a dual exchange rate system.

Subsequently, the ruble fluctuated for the first time in 30 years-on November 1, 1990 after the reform of the exchange rate system was implemented, the exchange rate of the dollar against the ruble in the foreign exchange market jumped from the original 1:0.6 to 1:00. One point one eight.

After the collapse of the Soviet Union on December 25 last year, the ruble's mission has continued in the Russian Federation, but its status has faltered and is not as good as it used to be—renewed turmoil is inevitable.

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

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

Bolivia is a small country with a backward economy in South America. Due to the long-term political turmoil and continuous mistakes in the government's economic policies, the resulting economic problems have accumulated in large numbers and have not been resolved, which finally led to a serious economic crisis——1988 The budget deficit of the Bolivian government in five years amounted to 4.85 trillion pesos, accounting for about one-third of the GDP. The inflation rate was as high as 24%, and the national economy was almost on the verge of collapse.

Facing such a dangerous economic situation, Sachs, who was hired at a time of crisis, boldly put forward a whole set of economic program and economic policies, the main contents of which are: to implement tight financial and fiscal policies, reduce government expenditure, cancel Subsidies, liberalization of prices, trade liberalization, currency devaluation to achieve exchange rate stability, further reform of the administrative and taxation system, privatization of some public sector and enterprises, debt rescheduling and foreign aid, etc.

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

The initial implementation of shock therapy in Bolivia received unbelievable miraculous effects—in less than a week after the therapy was implemented, hyperinflation was effectively curbed, prices stabilized from skyrocketing prices, and the national economy recovered after a short-term decline. Gradually picked 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 serious debt crisis.

Precisely because of this successful example, Yeltsin, who inherited most of the Soviet Union’s wealth at the beginning of this year, adopted the reform proposal of the only thirty-five-year-old al-Qaeda with shock therapy as the main body, and promoted al-Qaeda exceptionally As Prime Minister, fully implement shock therapy, and further reform the Soviet Union's economy.

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

100,000 to 150,000 rubles, a fortune in those days—about $40,000 or so.

Alongside state-owned enterprise and exchange rate reforms, Russia has embarked on a disorderly, if not completely undefended, financial opening.

Under such circumstances, various internationally renowned investment banks, commercial banks, and insurance institutions flocked to Russia.

Various foreign-funded banks use a complete set of marketing methods honed in the markets of developed countries to solicit deposits at high interest rates and buy ruble deposits from Russian companies.

Soon, the former Soviet state-owned banks that always had to wait in line were abandoned-the deposits of the Russian people have undergone a major transfer.

A group of state-owned banks in the former Soviet Union, after being abandoned by the Russian people, had no choice but to find another way in order not to be eliminated by the free economy. High-interest loans to various internationally renowned foreign banks.

At the same time, under the hype of various foreign banks, the Russian people, who have been impoverished for many years, began to use the state-owned enterprise shares they had just acquired for loans to enjoy a high-quality and luxurious life.

It is easy to go from frugality to extravagance, but it is difficult to go from luxury to frugality. What's more, the poor Soviet people have been poor for so many years!

Soon, various foreign banks loaned the rubles of the former Soviet Union's state-owned banks to the impoverished Russian people, and the collateral was the shares of state-owned enterprises owned by the Russian people.

Among the various foreign-funded banks, the one with the largest transaction volume is undoubtedly Baye Bank, which has settled in Russia as early as the mid-1980s and has a large number of outlets in various parts of Russia, and has excellent relations with the former Soviet Union's state-owned banks-Russia Almost half of the people's loan business is handled by Baye Bank.

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