When Tang Xin reported to his home, Tang Xin confirmed that Cao Lunqing's eyes flashed, he looked at himself deeply, and then started a joke.

Cao Lunqing didn't care at first, but when he heard the other party's name, he remembered the chairman of Hongxin Group. It should be the gentle young man next to Qian Huiyao.

Tang Xin dared not claim to be a well-read book, but he would not miss the history that should be paid attention to in terms of economics.

"Before Putin came to power, it was a dark period. The students present should have heard of the seven famous oligarchs in Russia, which were caused by the failure of the reform of state-owned enterprises in Russia. At that time, Russia wanted to carry out state-owned enterprise reform. The thinking line was to hope that Russian companies would become popular holdings like American companies overnight. The people who helped them design reform plans were two university professors from Harvard, the United States. They distributed exchange vouchers to the public to buy companies. For example, if a company is worth 10 yuan, the company is worth 10 yuan.

If 0 exchange coupons are used, then 1 exchange coupon will account for 1% of the shares. The initial idea of ​​this plan was to hope that the people would buy the company's equity with exchange coupons. In this way, state-owned enterprises will become mass holdings and can enter the mass holding model of American enterprises. However, they did not expect that the Russians and the people were not interested in this. The people sold the exchange coupons on the black market and used the money they received to buy some food and drink, and some daily necessities. These real things, holding shares? Being shareholders? They were not interested. The birth of the seven oligarchs also originated from this."

After Tang Xin finished speaking briefly, a student behind him immediately asked, "How did these seven people become oligarchs?"

Cao Lunqing found that the students seemed to be always interested in this legend of getting rich. So he raised his hand to Tang Xin and smiled, "I know everything. Haha."

Tang Xin sighed and said loudly: "These seven people are very smart. They colluded with the Russian Bank and the Ministry of Finance, and used the national money to buy exchange coupons on the black market. After the acquisition was completed, the exchange coupons were exchanged. Overnight, the state-owned enterprises of Russia became the private property of these seven people. However, they did not work hard to manage, but instead directly exchanged wealth. They used shortcuts to achieve a surge in private wealth. They sold energy, sold fighter jets, and arms. Almost sold the entire Russia. Before 2000, the comprehensive strength of the Russian country plummeted by half, and the GDP level was only equivalent to that of Mexico, because this country was sold out. Later, Putin came to power and first attacked one of the seven oligarchs, established his power, and then embarked on the road of revival. After ten years, it was called the ten years of Putin's revival."

Cao Lunqing applauded gently, which led the students in the entire step classroom to applaud together.

Qian Huiyao raised her eyebrows at Tang Xin with a smile, as if she was admiring, but she seemed to have gained some glory. Tang Xin was in a state of turmoil and had nothing to be complacent.

"If there are more students like this, my teaching will be easier. What this classmate said just now is roughly correct, and we will not discuss the details, because we are not studying history. Judging from the economic decline in Yuenan and Russia, it clearly tells us a fact that if there is a problem with the country's macro-control, decision-making will be wrong. The consequences will be devastating! Some people say that the economic crisis is the law of natural economic development, in my eyes. This kind of words is actually a shirk responsibility, a smoke bomb that confuses the public, and allows those who have been harmed in the economic crisis to accept and endure the consequences. Putin came to power, and Russia has gone through a golden decade of development, but then, a conspiracy of international financial speculators swept across Russia and took away all the achievements of Putin's ten years of rejuvenation!"

When talking about topics like financial crisis, it is always accompanied by destruction, which makes people feel heavy.

The staircase classroom fell silent in an instant.

Cao Lunqing began to walk around the classroom again, and everyone was waiting for him to tell the economic shock in Russia, but he asked another topic that seemed irrelevant.

“Who has ever cared about international oil prices?”

Everyone looked at each other, all of them were students in school. Few people really practiced it in the ivory tower. Everyone learned theories. They had the mentality that there was a road before the car arrived at the mountain. Few people had a stupid bird flying in front of others first.

But not absolutely, in the classroom of hundreds of people, there were still a few students raising their hands.

Cao Lunqing pointed to a boy sitting in the middle of the classroom and asked: "In recent years, when is the biggest stage of oil price fluctuation?"

The boy recalled for a moment, stood up and said in a deep voice: "Seven years ago, it first rose to a level of nearly 150 US dollars, and then plummeted to a level of less than 40 US dollars."

Cao Lunqing nodded with a smile, and the boy sat down.

"As we all know, oil, such energy, will trigger wars, and are resources that every country wants to own and more want to plunder. But what factors will affect changes in oil prices? Maybe it is the output of oil-producing countries, maybe it is the increase or decrease in demand, or it may be the cost of transportation. We often hear that when war is about to fight, oil prices will grow wildly. Why? Because it is to seize such resources. If you are a qualified valet trader and work in the financial industry, if war breaks out in the Middle East? What kind of thought will appear in your mind?"

No one answered.

Cao Lunqing casually said: "It's best to burn a few more oil fields over there. Why? In this way, oil prices will surge. Customers who invest in this type of financial products will make a profit and will not be able to stop laughing, and your commission will be astronomical. This is the same as the scene after 9/11. The traders pretended to mourn the whole country, while two thoughts flashed wildly in their hearts: First, how much will the gold price rise? Second, the gold price will rise crazy! They kept condemning terrorists, but they wanted to have another wave of attacks and even the White House exploded. Destruction is always accompanied by opportunities."

The students were amused, but Cao Lunqing did not laugh. He looked at Tang Xin and found that the other party was serious and did not laugh.

"The reason I ask this question is to lead to the next story of Russia and Los Angeles. After Putin came to power, Russia's GDP grew by 70% in the golden decade, industry grew by 75%, investment grew by 125%. These indicators brought Russia and Los Angeles back to the top ten world economy. This means that Russia and Los Angeles not only got rid of it, but also ended the economic crisis of the 1990s. However, it is very important that Russia's rapid development is due to the policy of nationalizing most of the assets and incomes in the oil and gas industry, which makes Russia an energy superpower, that is, Russia revives its economy and builds all prosperity based on energy."

Cao Lunqing stood in front of the stage with his arms and chest wrapped around his chest, saying lightly: "Those who get to this place are destroyed by this place. Let's look back at the history I will tell about next. Perhaps it can be classified as a premeditated financial looting of Russia by the Western powers, or it can be classified as Russia becoming prosperous after a golden decade and the national leadership became blind and rash. At that time, Russia formulated a development strategy to use high energy prices and low international funds to make Russia bigger and stronger. In recent years, energy prices have continued to rise, such as iron ore and oil prices have continued to rise, and what are the bulk goods exported by Russia? They are oil, natural gas, chemical products, steel, etc. When they saw the oil prices start to soar, they thought it was caused by the market supply and demand relationship, and made wrong decisions on the wrong basis, which eventually led to a disaster."

Cao Lunqing looked at the students and asked, "Who can tell me what determines the price?"

There was a burst of laughter in the classroom.

The market price rules that middle school students know, and the supply and demand relationship determines the price.

No one answered, but everyone's performance was obviously tacit.

"It seems that everyone understands that supply and demand affect prices, but during the period when oil prices surged and plummeted, there was no significant change in annual output and demand, and even other resources, copper and iron ore. Why are international prices rising? Are you expensive to eat rice, is it reduced or there are more people eating? Is the oil you use to cook for food? People who have studied market value theory think they understand the factors that determine prices, but I. At least I don't understand yet. Even if you put the annual output and sales, demand and other data in front of me, I still can't tell whether the prices will rise or fall tomorrow. Why? Because in the financial world, supply and demand relationships are not the decisive factor of prices."

Cao Lunqing was originally quite satisfied with the performance of the students, but when 80% of them were laughing just now, he found that he was wrong. In front of him, he was still a group of stupid and naive children who were far away from the real financial world. Although he sat in the business school classroom, he didn't even see the economic fur.

He had a serious expression and no one dared to speak in the classroom.

"Supply and demand affect prices? Haha, Russia also thought so at the time. They saw that oil prices continued to rise and believed that this was caused by market demand. Therefore, they continued to expand the production of oil, natural gas, chemical products and steel. They continued to export large amounts of money, and made more money. By the end of 2008, Russia had accumulated nearly 600 billion US dollars in foreign exchange. What did they do with this money? Buy American government bonds."

He stood beside a boy, reached out and pressed his hand on the other party's shoulder, and said lightly: "Enterprises and governments misjudged at the same time that they had infinitely beautiful visions for the future, believing that if they continued to move on with this trend, Russia would become stronger and stronger because the prices were rising. So they hoped to develop through this high energy price. So they began to borrow money from international bank groups."

The boy who was pressed against his shoulder suddenly looked up and asked in confusion: "Why do you borrow money from an international banking group?"

"Good question, why? Because the interest rate of international bank groups is low, about 2%. What is the interest rate of domestic banks in Russia? If it exceeds 10%, if it is you, who will you borrow money from?"

Cao Lunqing kept walking and talking nonstop.

"Do you know how much money did you borrow from these companies in Russia? More than 500 billion US dollars, while the national foreign exchange reserves are only 600 billion US dollars. Does supply and demand affect prices? If supply and demand affect prices, why when the Russians were dreaming, the US Congress held an oil price hearing, and oil prices plummeted immediately, from a height of nearly 150 US dollars to less than 40 US dollars? Did the demand shrink several times overnight? When oil prices plummeted, all of these companies in Russia suffered losses and the stock market plummeted. Do you know how much the decline is? More than 70%! And at this time, the international banking group unanimously asked for money from Russian companies. What do you think will happen next?"

“I can’t afford to pay.”

Some students blurted out.

Cao Lunqing shrugged and said, "Of course I can't afford to pay back the money! If I can't afford it, the bank group will not come to ask for money! What should I do if I can't afford to pay back the money? We ordinary people ask relatives and friends to borrow money, maybe just put a note, but invisibly, you use your reputation as collateral. If you don't repay the money, you will have to mortgage your assets. If you borrow money from the bank, you will have to mortgage your assets. Russian and Russian companies borrow money from the international bank group, of course they also have to mortgage it. When they can't afford to pay back the money, the companies can only give it to others." (To be continued...)
Chapter completed!