At that time, in Russia and other former Soviet member states, powerful people could be said to be naked robbery against ordinary people.

For example, there is a Russian farmer who has a privatization certificate. He wants to exchange this certificate for the department store stocks, but the department store doesn't want to exchange it with me, so he can't.

At the same time, the department store manager and his relatives each had a certificate exactly the same as the farmer. The department store liked it very much and asked for their certificate. As a result, they could privately own the department store shares in their hands, but the farmer could not.

The farmer's certificate can not only be exchanged for the stocks of the department store, but also for any good company. Only those with authority and related people can exchange the privatization certificate for stocks. The farmer's certificate is useless. As a result, the farmer had to immediately exchange the certificate for wine to drink in order to forget this ridiculous and sad privatization certificate in his drunken dream.

Therefore, the certificate has depreciated rapidly since it was issued. In 1994, in constant currency, the private certificate was only worth 30 rubles (the 1991 currency value). Those who are officials who have power bought the farmers' certificate at a very cheap price. Once this certificate is in their hands, it will be worth a hundred times the price and can be exchanged for a department store.

Because the valuation of state-owned assets is very low, the department store is obviously worth 100 million yuan, but it is only estimated at 5 million yuan. So he bought a farmer's certificate with 30 rubles, and he could use this certificate to exchange for the stocks of the department store with a real value of 200,000 rubles.

Powerful people can exchange 30 rubles for 200,000 stocks so constantly, and they get rich. According to Fulbs magazine in the United States, these capitalists produce nothing and create nothing. They just put money in their pockets.

The peasant didn't know what this "capital market" is called. He thought it was basically consistent with the Soviet Union's usual style. For example, the Soviet Constitution stipulates that citizens have this and that, but some citizens have these and their powers are very large. Some citizens do not.

In other words, the rules of Russia's capital market use the old traditions of the former Soviet Union. This kind of capital market should be called the capital hunting ground. There are hunting dogs and guns, hunters and rabbits. At the time of the gunshot, the people's capital (deposits and privatisation certificates) fell in a pool of blood like rabbits. The upstart tycoon happily put it in the car, and the Russian people were expelled from the "capital market" from then on.

Russia's "500-day shock therapy" first made it easier to open up prices. At this time, the production of industrial and agricultural consumer goods was not too late to increase, which led to soaring prices but supply did not keep up. Insufficient supply stimulated prices to continue to rise, and the people could not stand it. The government issued a large number of paper money under the pressure of the parliament, causing the ruble to depreciate extremely rapidly. As a result, the currency depreciated, insufficient supply and soaring prices formed a vicious cycle.

Geidal began opening up Russia's prices at the end of 1991, causing prices to soar.

The most important thing in establishing a market is to have real money, so you must maintain the ruble to prevent it from becoming a wall paper. If it becomes a wall paper, then one of the two legs of the market will be missing and the market will inevitably collapse.

However, once prices are opened, prices will inevitably soar. To stop prices from soaring, there are only two ways: one is to increase supply and the other is to limit prices.

Restricting prices conflicts with the spirit of reform, and they do not consider it at all. It is not so fast to increase supply. After more than ten years of reform and opening up, the dual-track system of goods was abolished after China's reform and opening up, which also triggered the 89 turmoil. Russia's reforms liberalization of prices from the beginning, which inevitably led to the continuous surge in prices, and the ruble became less and less useful. It can't actually be considered real money. A currency that depreciates by 1,000% in one year, and a currency that depreciates by 900% in one quarter (the first quarter of 1992) cannot be regarded as real money.

At this time, the market will inevitably collapse. What's worse is that people need real money. Because people cannot save money. People cannot spend all the money they just got, not thinking about tomorrow or next year.

Geidal held a hostile attitude towards Russian residents' savings. The depreciation brought about by the reform made residents' savings suddenly disappear. He didn't care at all, and publicly claimed that the Russian government would not make any compensation for people's savings. It seemed that because these savings themselves, which are old waste left over from the Soviet Union, should be completely abolished.

As a result, people didn't dare to ask for rubles at all, so people were forced to find real money. The dollar was real money. In fact, the RMB was also real money. But the RMB was only real money in China, and Cyprus did not recognize it. So the Russians recognized the dollar and the mark. They wanted the dollar mark not to buy imported things, but because it was real money. Only real money could maintain its value. They did not store the dollar in the bank at all, because the Russian currency was not real, which made the Russian banks unreal. No one could tell whether the money you deposited could be taken out. Russians were forced to put the money in their socks. They counted it secretly every night because only this money could be exchanged for food in the future, and the ruble could only be covered with walls.

In other words, the nerd Geedal's monetary theory is simply an anti-monetary theory. He used the price increase to turn the ruble into a wallpaper, thus eliminating the ruble, and the Russians had to desperately buy the US dollar.

There was a theory in the past called "bad money drives out good money", which means bad fake money, which can drive good real money out of the market. This is the case in the circulation field. Of course, people hope to spend it immediately when they have bad money, and no one dares to spend it overnight. No one is willing to spend good money and hide it in their socks.

In other words, in the circulation field, bad money drives out good money, and in the savings field, good money drives out bad money. Russians, like people all over the world, need to save, so people have a very high demand for good money. If a big country like Russia uses the dollar mark, this demand is amazing. It is said that Russians have been consuming more than 70 billion US dollars in recent years. In addition to those who fled to foreign countries, it is nearly 300 billion US dollars.

The ratio of US dollars to other currencies has been rising in the past decade. Russia's huge demand is one of the driving forces for this rise. This demand comes purely from distrust of the ruble. In other words, there is suddenly a major currency in this world - the ruble, which has been eliminated. Another currency must supplement the vacuum it leaves. This currency is US dollars.

The absurd decline of the ruble to the US dollar is a reflection of this incident. The ruble is not real money, and of course the Russian market will collapse. This is the mistake of the nerd Geidal.

But Chernomerkin, who is not a nerdy, does as badly as Geidal.

Mr. Chernomerkin was a fitter and worked in the industrial sector. He was very practical and experienced. But he also did stupid things. This shows that in the Russian social environment, making mistakes has nothing to do with whether they are nerds. So no matter who comes from, people who are born, they make stupid mistakes.

Chernomerkin is engaged in the rat club of the national government. What is the rat club? It is high-interest fundraising. Chinese people are not unfamiliar with this thing. Because there are several big cases that have caused sensation across the country. For example, the Great Wall fundraising case in Beijing and a very stupid old lady in Jiangsu have all done such things. The person who caused the trouble has been shot.

This fundraising method is very simple, which is to use high interest rates to attract people to deposit money, and then pay back the old money with new money. As long as the new money comes continuously, the old money may be repaid continuously. But the money cannot be repaid continuously. Sooner or later, it will not be repaid one day. This is called the mouse. Why is it called the mouse? Maybe people who save money are like mice, and they all want to make a fortune from this activity. And they all want to get it after they get it. Don’t be the last one, because everyone knows that in the end, the money will fall and scatter. We know that the so-called pyramid schemes today are also such an activity. This kind of ghost activity can actually be popular all over the world. It can be seen that the genes of people and mice have too many similarities.

Let’s take a look at what the Russian government has done in the securities it has issued for several consecutive years, starting from 1991, or what they have done with these securities.

From 1991 to 1994, Geedal made the ruble bad and used this method to eat up all the deposits of the Russian people. From 1993 to 1994, Geedal and Caubaise ruined the privatization certificates they issued, thus allowing the bureaucratic group to eat up all state-owned assets.

From 1996 to 1997, Chernomerkin made the government debt ablaze, which allowed the bureaucrats to eat up the money of domestic and foreign investors. This time, even the tycoon's money was eaten up by the bureaucrats. All of this money was used to pay the expenses of the government, that is, the bureaucrats. These expenses were spent by the bureaucrats through various channels, and some of them flowed into the pockets of the bureaucrats. The valuable tickets issued by the Russian government were turned into wallpaper for seven years. The money cheated with these tickets was privately owned by officials.

If these two people were in China, Zeng Lingfeng would definitely have the urge to tear them. However, these actions they made in Russia made Zeng Lingfeng very excited. It was because of them that Zeng Lingfeng had the opportunity to start in Russia and other countries.

From 1991 to 1993 alone, Zeng Lingfeng made a profit of more than 15 billion US dollars. In the following years, Zeng Lingfeng's team continued to follow up, making a total profit of no less than 50 billion US dollars. This made Zeng Lingfeng wake up from his dreams many times.

From the former Soviet Union, Zeng Lingfeng's biggest profit was not money, but talent. In recent years, he searched nearly 200 scientific researchers from various aspects from the former Soviet Union members, more than 30 of which were the top talents in all aspects. This brought countless benefits to Zeng Lingfeng and Hanyu Mimon Group. Even later Zeng Lingfeng realized controllable nuclear fusion again and benefited from it.
Chapter completed!