Reborn Russia As An Oligarch

"Director Mikhail, our current national debt totals only 100 billion U.S. dollars. The government's goal is to pay off the debt as soon as possible. Now you are going to issue 200 billion new treasury bonds at once. This...can we pay it back in the future? Can you get on?"

one committee member asked worriedly.

A lot of debts on Mao's side were "inherited" from the former Soviet Union. Most of the creditors are members of the Paris Club and the London Club, that is, local European investors.

Whether it was for the sake of face or national reputation, even when the economy was at its most difficult a few years ago, Da Mao was gritting his teeth to repay debts and was unwilling to default.

Once a country defaults on its debt, it will be equivalent to the bankruptcy of the country's reputation internationally, and the consequences will be very serious...

Therefore, successive governments have aimed to pay off debt.

Fortunately, the old debt has not been paid off yet, and Wang Ye is suddenly going to issue $200 billion in new debt!

Naturally, many committee members felt a lot of pressure and were worried that the debt plan would not go forward.

I am afraid that no one will buy the new national debt, and I am also worried that I will not be able to repay it later.

Because this is a new national debt plan led by the Economic Committee, if something goes wrong, the blame will not be thrown away. Wouldn't it seriously affect the committee's reputation?

Wang Ye smiled slightly. Since he dared to come up with this plan, of course he had considered it thoroughly.

I patiently explained to all the members present:

“Something like issuing debt needs to be looked at from different angles.

Some countries are so poor that they can only borrow money to survive. This kind of national debt will naturally have serious sequelae, and it will be difficult to be sought after by investors. It is estimated that they will not be sold.

However, some countries have good economic development and a promising future.

The purpose of issuing national debt is to develop the economy faster and better, and to have sufficient ability to repay debts. Then this kind of national debt will be popular among investors internationally.

So what is the situation in our country?

I don’t need to say more about this! "

After hearing Wang Ye's explanation, some members expressed their understanding.

With the soaring international crude oil and natural gas prices, Damao's fiscal revenue has been getting higher and higher in recent years, and the economy is naturally getting better and better.

There is no danger of economic decline in the foreseeable time.

So when you issue national debt at this time, you will naturally not worry about the risk of being unable to repay or defaulting on the debt, and the national debt issued will be easily accepted by international investors!

As for the money obtained through the issuance of government bonds, there are many uses.

Internally, we can improve people's livelihood, carry out major infrastructure construction, and lay a solid foundation for future development.

Externally, we can assist neighboring brother countries and help them develop as quickly as possible. This is also to create a stable and safe surrounding environment for ourselves!

Two hundred billion, more or less, if you can make good use of it, it can indeed play a big role!

Besides, this is the plan proposed by Director Mikhail!

He has never made mistakes when it comes to making general decisions like this, and this time should be no exception!

Therefore, in the next voting, all members unanimously raised their hands in approval, and the plan to issue new treasury bonds was successfully passed...

…………

According to the process, the policies adopted by the Economic Committee can be directly coordinated with relevant government departments to implement them. They only need to be filed with the Kremlin and the Duma.

Wang Ye's "treasury bond issuance plan" is of course unimpeded.

But the adoptive father was also a little worried, fearing that he would not be able to repay the debt in the future, so he called Wang Ye over to have a discussion.

"Misha, do you think such a large amount of national debt can really be sold? I know you are comparing it with the United States and think it is okay for them to issue trillions of national debt every year, but you have to consider that the U.S. dollar is The international common currency is a large-volume transaction settlement currency linked to oil. At this point, our ruble is incomparable."

Obviously, the Kremlin is still not confident enough and is worried that when the national debt is issued, it will face the dilemma of no one buying it, which will be embarrassing...

Wang Ye said calmly: "There is no need to worry about this. Of course I understand that our current strength cannot be compared with that of the United States. So I have not issued trillions of dollars in national debt according to their standards. I only dare to do so at a time." The reason for the issuance of about US$200 billion is because I think that with our current national strength and economic level, it is completely okay to bear this amount of national debt issuance.

Yes, the U.S. dollar is indeed the settlement currency for bulk transactions in the international crude oil market. It is also a universal currency and has every advantage.

So in theory, no matter how much debt they issue, it won't be a big problem, because the whole world will pay for their debt!

But don’t forget that our country’s share in the international energy market is not low.

Crude oil and natural gas are both hard currencies!

These two items alone are enough to support trillions of dollars in debt, so there is no need to worry about selling the $200 billion in bonds issued this time!

I can guarantee that as soon as it is launched on the market, it will be sold out quickly.

Since the past two years, international crude oil prices have continued to rise. According to my judgment, this trend will not change in the short term.

In this case, our fiscal revenue will naturally increase year by year, and there will be no problem in repaying debt..."

After Wang Ye made some analysis on the international energy market and ensured that there would be no problems with this debt, the Kremlin once again chose to believe in his judgment and accompany him to "gamble" for the last time!

Before Wang Ye left, his adoptive father suddenly thought of another thing and asked Wang Ye:

“More than half of this year has passed, and various financial budgets have already been arranged.

Now you suddenly got another US$200 billion. In addition to the US$30 billion in aid funds, are there any arrangements for the rest of the money? "

Wang Ye pondered for a moment and said with a smile: "Money, the more the better! I plan to use all the remaining 170 billion to invest in two industries. One is the automobile industry and the other is chips!"

The adoptive father asked with great interest: "Why these two industries? Is there any explanation?"

Wang Ye explained:

“The automobile industry is the culmination of modern industrial systems!

A global auto parts manufacturer that sells well can drive countless large and small supporting factories upstream and downstream, create hundreds of thousands of jobs, and pay huge taxes.

Our country actually has a good foundation in the automobile industry, and the market is not too small. Now that we have acquired three global brands, Land Rover, Jaguar, and Volvo, we need to make more efforts to deepen this industry. This is also what I plan to do. The so-called second leg! "

The adoptive father knew about this "second leg" because Wang Ye had said before that we could not just rely on the energy industry, which would only be walking on one leg. We must create a second pillar industry and become the backbone of the national economy. Second leg!

Therefore, he also agrees with Wang Ye's plan to increase investment in the automobile industry.

But he didn't quite understand the chip.

So he signaled Wang Ye to continue talking about why chips are so important and require such a large investment.

Wang Ye paused for a moment and continued: "Chips actually cover a wide range of products and are also an industrial product with a very wide range of uses."

"Then what is the difference between it and semiconductors? I have always heard others talk about the semiconductor industry, but chips are rarely mentioned." The adoptive father asked.

“To put it simply, the relationship between the two is the relationship between finished products and raw materials, just like the relationship between kitchen knives and steel.

A chip is an integrated circuit product made of semiconductor materials.

With the development of technology, chips will be used in almost all electronic products in the future, including but not limited to cars, mobile phones, computers, home appliances, aerospace, and more!

According to data, last year, the market size of the global chip industry reached about 200 billion U.S. dollars, and it is still growing rapidly.

I estimate that in ten years, the global chip market will exceed US$500 billion.

More importantly, chip R\u0026D and production will be in the hands of a limited number of two or three countries and regions, creating a high degree of monopoly!

Then, if the other party directly cuts off the chip's export to you after something unpleasant happens to you, the consequences..."

Wang Ye didn't say any more, because he could definitely figure out the key to this.

Sure enough, after listening to Wang Ye's analysis, the adoptive father frowned and pondered for a moment, then nodded heavily to Wang Ye and said seriously: "Then... I leave these things to you! If there is anything you need help from the palace, , talk to me at any time. In terms of finance, the only person I trust is you, and your past performance also proves that you are a trustworthy person!"

Wang Ye nodded slightly. If he was asked to evaluate himself, then there is a word that is more suitable, which is "clear conscience"...

Since he was elected as a member of the Duma, he has done so many things that "benefit the country and the people."

Helping Yukos and Gazprom sign the biggest deal of the century, which lasted for more than 20 years and totaled hundreds of billions of dollars. This is definitely the cornerstone of Mao’s economic take-off in recent years!

Carry out large-scale infrastructure construction, unite airlines, acquire car brands to support the automobile industry, build Moscow’s central business district, promote low-rent housing projects to retain talents for the country, and so on!

There are simply too many to count...

It can be said that every one of his economic policies has been effectively implemented, and it has also solidly promoted the country's economic development.

In the entire Moscow political arena, no one can compare with Wang Ye in the economic field!

Of course, the Kremlin has seen his work over the past few years, so they dared to hand over the heavy responsibility of the "Economic Committee" to Wang Ye, and even continued to put pressure on him and give him more power.

On the one hand, Wang Ye is indeed capable and performed well.

On the other hand, Kremlin really couldn't find a more suitable candidate than Wang Ye, so it had no choice.

…………

Wang Ye’s plan to issue $200 billion in new national debt soon spread throughout Moscow’s political circles.

Everyone knows that he will soon have a huge sum of US$200 billion at his disposal, and everyone is drooling with greed...

Just kidding, such a sum of money can definitely be regarded as a huge sum of money. If I can "apply" for a small amount from him, wouldn't my department's small life be about to take off!

Therefore, there has been a constant flow of people in Wang Ye's office in the past two days. Everyone who knows him, no matter what their relationship is, finds an excuse to come and visit him to see if there is a chance to ask for some money.

Not to mention Shao Yigu, Grogli and other old friends, even Rosiana came over!

However, Rosiana naturally did not need to go to Wang Ye's office to find him. Instead, she went directly to the Kitty Eagle Hotel and "waited for the rabbit".

After get off work, Wang Ye returned to the top floor of the Kitty Eagle Hotel as usual. When he was going to have dinner in the small restaurant, he saw Rosiana coming towards her.

He was still a little surprised because Rosiana didn't call ahead to say she would come.

Not only was Wang Ye very busy during this period, but Rosiana was obviously not idle either. She had just taken over the position of governor of Moscow and had a lot on her hands.

Wang Yedu hasn't seen her for almost ten days.

"Why are you here today?" Wang Ye greeted with a smile.

After the two kissed, Rosiana responded: "I wanted to talk to you about something. I came directly from the state office building. I forgot to call you. Fortunately, you are at home."

"You haven't had dinner yet. That's just right. I'm about to go have dinner too. Let's go together." Wang Ye invited.

After sitting down in the private room of the small restaurant, Rosiana revealed her intention. It turned out that she had also heard that Wang Ye was about to have a large amount of money, extra-budgetary funds!

As the governor of Moscow, of course she has to consider the interests of the state.

If she can get a sum of money from Wang Ye and use it in the state, then to be honest, her prestige within the state system will definitely skyrocket!

It is much more effective than her use of "threats and inducements".

After all, when you sit in that position, you have to do what you have to do.

Besides, the finances of Moscow State are not very good. There are many places that need money, but the money on hand is not abundant.

Only when you become a householder do you realize that firewood, rice, oil and salt are expensive.

It was only after Rosiana assumed the position of governor that she felt that it was indeed not easy for Luzhkov. There were many reasons why Moscow State had not developed better in recent years, and he could not be blamed only on him.

Of course, these are just her thoughts in private, and it is impossible to say them to the public.

…………

After listening to Rosiana's "Crying the Poor", Wang Ye smiled bitterly and shook his head.

Even before I got the money, many people were "targeted", and all of them spoke uprightly. It seemed that if Wang Ye didn't give them a share, he would be sorry for his own conscience. !

Fortunately, the reason why Wang Ye wants to issue so many bonds at once is to leave a certain amount of leeway.

In other words, he can use thirty to fifty billion US dollars to "sell favors"...

Anyway, as long as it is used to benefit the country or the people, it is not considered using power for personal gain, right?

When doing these things, Wang Ye has a principle, as long as he has a clear conscience!