Go back to 1990 to start a business

When Huo woke up and saw that it was bright, she quickly asked the four bodyguards guarding the door: "Who won the game last night?"

"The United States. Boss, are you betting on the United States?"

"We all bet on the United States and have gotten all our money back."

"Boss, you have to stake at least [-] million, right?"

"Xia Chuan is going bankrupt now, and the bank is queuing up to get the money. Hahaha."

"Hey, boss, what's that look in your eyes?"

Huo's face turned green at that time. Damn it, Xia Chuan had tricked her again.

I did bet [-] million rubles, but it’s a pity that I bet on Norway.

He stood up angrily. There was no chance of him defaulting on his debt at all. Not to mention that he couldn't afford to disgrace this person. From now on, he had been cut off from the upper class. Even if Xia Chuan didn't settle the score with him, the old man would have to find him. There are still people who dare to borrow [-] million from Far East Bank. ?

On the contrary, a few old military leaders were cunning and cunning. They all said they had no money, so they put down 100 million rubles. If they lost, they didn't have to pay, they would just deduct it from the dividends.

He was so regretful that he had to pretend to be calm, go to the bank to find Zhu Yi with a smile, and write a transfer check for [-] million.

Zhu Yi shook hands and thanked him with a smile, as if he donated voluntarily.

Huo left angrily.

However, several old military leaders, each carrying a box of US dollars to share dividends, got into the car leisurely and left.

……

After seeing off all the guests, the bank held a table meeting again.

Xia Chuan first asked: "How is the progress with Tong Yu?"

"The acquisition of "Spark" magazine has been completed. We hold 30.00% of the shares and are the largest shareholder." Zhu Yi said.

"It's not easy to have a relative controlling stake. Media has always had complex equity interests." Xia Chuan nodded.

Zhu Yi added: "Can we invest in the domestic automobile industry? Santana can sell 18 units, and the pre-tax price is equivalent to six times the international market. In 90, Shanghai Volkswagen's after-tax profits exceeded the global profits of German Volkswagen. Target, there is no greater profit than this.”

Xia Chuan said with a smile: "The domestic automobile industry is a monopoly and private production of cars is not allowed. This industry cannot be touched."

"Then how did Yang Rong turn Jinbei into a private enterprise?" Zhu Yi asked.

"His unlucky days will come later. Let's remember one thing: don't cooperate with state-owned enterprises. If they say they will swallow you up, they will swallow you up."

Everyone's heart trembled.

Xia Chuan continued: "In another twenty days, Su X will officially disintegrate. What we have to do now is to welcome the great opportunities brought by the disintegration. First, all ruble deposits will be converted into US dollars, and then leverage will be used for exchange rate speculation. ."

Everyone's heartbeats suddenly accelerated. Is this a big bet?

They are full of confidence in Xia Chuan's gambling skills, which have been tested countless times.

Zhu Yi said: "Will the ruble collapse in advance?"

"Of course, it began to collapse slightly on the 19th, then collapsed sharply on the 25th, and then continued depreciation, which will never come back." Xia Chuan said calmly.

Zhu Yi and others suddenly felt as if they were seeing gods. Can this thing be so accurate?

……

On December 12, Ye issued a general order approving the "19 Basic Principles for the Privatization of State-owned and Municipal Enterprises".

A "shock therapy"-style reform was fully rolled out in Russia (not Su x).

The first thing to be liberalized is prices.

Prices quickly skyrocketed like a balloon with its string cut off.

Those people who supported Ye during the August 8.19 incident were full of expectations for him, thinking that he was a dragon.

But unfortunately they were wrong. Ye's struggle for power was like a dragon, and governing the country was like a caterpillar.

These expectant people do not know that the disaster has already begun, nor that prices will rise 65 times in just four months.

The government will be forced to loosen monetary policy.

92年增发的货币量是91年发行量的20倍，通货膨胀率在印钞机的轰鸣中高达2509%，到1996年，物价上涨了6000多倍。

The core of "shock therapy" is privatization.

Chubais, the father of privatization, said: "The only way Russia can take is marketization, and market economy and public ownership are incompatible, so privatization must be carried out thoroughly. No matter who the property is distributed to, even if it is given to bandits. , just take the property out of the hands of the state."

On December 91, 12, international hot money got a whiff of it, and the long-awaited feast was about to begin.

The ruble has begun to collapse slightly.

The key to exchange rate speculation is the leverage ratio. The larger the ratio, the easier it is to explode.

For example, if a bank has 15 billion U.S. dollars, it uses this money as collateral to borrow hundreds of billions of rubles from other banks for leveraged financing. What then?

Just sell it.In other words, smash the plate.

That's what Soros likes to do most.

The international foreign exchange market is an extremely huge market, larger than any stock market, futures and oil markets. Bankers and financiers are all trading, such as between banks, and between behemoths such as monetary funds and quantum funds.

There is a famous saying in the speculative market, if you can read the three-day market correctly, you will be as rich as the enemy.

No one can predict the future, they are all guessing.

Except Xia Chuan.

If you wait until the 19th to borrow rubles, it will be too late. Xia Chuan mentioned that he had made preparations in five days. He borrowed hundreds of billions of rubles and was ready to make a deal on this day.Note that this is not short selling, this is the spot market, not futures.

As long as you smash it down, someone will buy it.

In terms of probability, the exchange rate will always fluctuate around a value center. If it rises, you will sell, if it falls, you will buy. Profit is a high probability.

Economically speaking, when prices fall, demand increases.

There is always someone in need of rubles.

But this time, the person who picked it up never had a chance to profit.

The ruble is falling step by step, day by day.

On December 12, General Su Xin Ge announced his resignation and handed over state power to President Ross Ye.

From then on, Su X disintegrated.

The KGB was completely disbanded.

Pavlov and Kruzina committed suicide by jumping off a building one after another, and US$[-] million became ownerless assets.

Zhu Yi and others watched the TV news and opened their mouths in surprise. Did Xia Chuan know from the beginning that these two people were going to commit suicide?

The ruble plummeted, and trading volume sharply increased hundreds of times.

The exchange rate fell to 1 rubles per US dollar.

但这还不是底，到92年7月1日，官方汇率1美元换125卢布。

93年5月31日，1美元要换1012卢布。

In 2000, 1 US dollar was exchanged for 28500 rubles (but by that time, it had been exchanged for new rubles, equivalent to 28.5 new rubles).

Of course Xia Chuan couldn't wait.

At 95 rubles, he ordered the purchase of rubles with US dollars, which caused the ruble to rebound. However, he still resolutely bought and then repaid the 1000 billion rubles loan.

The rest is earned.

In just half a month of speculation, Far East Bank has become the most ferocious predator in the international market.

After removing the high cost of borrowing and speculating, the profit exceeded US$50 billion!

Far East Bank has stood proudly on top of the world ever since.