USSR 1991

"Is it effective to support the development of the financial industry and return a large amount of funds?" The Minister of the Interior questioned these policies, but Goldman Sachs used a series of futures operations to make him look like a safe future.

The elite delegation sent by Goldman Sachs gave an affirmative answer, "There are effects. What we have to do is to minimize the risk. Don't worry, we will not let our customers suffer any unnecessary losses. It is just the consistent purpose of Goldman Sachs Bank, trust is the The basis of cooperation, no matter which investment group you go to for advice, their advice is not far from what we put forward."

"And the relationship between Germany and the World Bank and the IMF doesn't seem to be very good right now?" Goldman Sachs investment elites revealed the fact that the Federal Republic of Germany wants to raise funds in a short period of time through other means. possible things.

"If Germany wants to withdraw funds quickly, this is the fastest way. It's like Japan's real estate bubble. The government holds the land in its hands, and the higher the price is, the higher the return will be. .The final wool is still cut from the sheep, that's the reason. Of course, you can also withdraw a certain amount of funds in the form of national debt, but if you think about it, this method does not require any repayment."

Experts from Goldman Sachs Investment Bank have paved a weak trap for Germany. What Germany should support most is not the financial industry. Once it gets involved in the financial field, countless American financial giants who are ready are preparing to short them. Withdraw funds.

"So Germany chooses for itself."

Chapter 771 Stalin of Germany

"All the broadcast news is like an interesting jigsaw puzzle, as long as they are pieced together, you can get some very interesting conspiracy theory conclusions."

Yanayev cut out some information from the reported news events: such as the anti-dumping bill that the United States is preparing to carry out against the Federal Republic of Germany, the activity of American venture capital banks and credit in the Federal Republic of Germany, and even the government's loosening economic policies. Support for certain financial projects, these details did not escape Yanayev's eyes.

"Obviously, the Americans are encouraging Germany to develop its financial industry, as we have guessed. Presumably the rhetoric is that, some deceptive nonsense like shearing sheep, the blueprint describes it very well, but no one has noticed what is hidden in it It's a trap, if you fall into it, it's over."

Yanayev put aside the previous case analysis and said, "This time the United States intends to push East Germany into the fire pit."

At present, everything is developing in the direction he booked, which makes Yanayev very satisfied, "By the way, I want to know how the CIA and Krenz have been in contact before? The former East German leader is still coming back. will?"

After Krenz was released from prison, the KGB contacted him for the first time. This was the second card played by Yanayev. He needed a firm pro-Soviet force within the German Democratic Baath Party, because The Kremlin has sensed that Jonishkis may not be a staunch and loyal ally.Compared to Krenz, who was also the general secretary of the East German Communist Party, it might be better for Yanayev to place some bets on him.

"We have already talked with Krenz, and the other party did show that kind of willingness, but..." Vladimir hesitated, and continued, "It's just that the other party said that this matter needs to be deferred, because he is The foundations of the German Democratic Baath Party are still unstable."

"Of course the foundation is not stable." Yanayev sneered, "He was just used by the German Democratic Baath Party as a sign to appease the former East German ruling party. How could he really give the other party real power. So he We need to cooperate with the Soviet Union. We have the ability to develop and strengthen the former members of the East German Party and become the most competitive party in East Germany. Once our cooperation with Jonishkis can no longer continue, then Immediately replace the opponent."

Of course, Krenz will never be able to become the prime minister of Germany, just like Romanov will never be able to become the general secretary of the Soviet Union. The problem of political correctness exists in any country.

"Let me talk to him personally, after all, we haven't seen each other very much since 1988."

The last time Yanayev and Krenz saw in 1988, when he visited East Germany on foreign affairs, everyone had a premonition that the East German ruling party was running out of time.After Yanayev finally exchanged views with Krenz, they never met again.The following year, the Berlin Wall fell and Germany merged.

Yanayev woke up from the heavy memories, and he asked Vladimir to call Krenz to catch up with this old friend.

When he heard a strange but familiar voice on the phone, Krenz was stunned for a moment. The vice president of the year is now the general secretary of the Soviet Union. He not only solved the various problems left by Gorbachev, but also brought the Bring out the abyss that almost collapsed.

At that time, all experts believed that the Soviet Union was hard to return, but they did not expect that there were still people who could turn the tide.

"Long time no see, General Secretary Yanayev." Krenz said with a smile, "It's been a long time, almost nine years have passed."

"Yes, Comrade Krenz. After the drastic changes in Eastern Europe, we haven't seen each other very much." Yanayev said softly.

"However, the polite words can be omitted. We only have one question to ask you. This question is very important, and it may be related to the relationship between the Soviet Union and the ruling parties of East Germany in the next few years."

Krenz was a little puzzled. Shouldn't the negotiations with the German Democratic Baath Party go through Jonishkis? Why did they find him directly.

"I just want to know, have you ever thought about restoring the glory of the old era." Yanayev didn't mention whether he was willing to join the Soviet forces, but played the emotional card with Krenz.

The other end of the phone fell silent, but this did not affect Yanayev's performance. He continued, "I know that many issues are very difficult for you to decide, such as the current Soviet Union issues, such as issues about the future of East Germany, These questions will haunt you. But what could be more direct than to restore the glory of East Germany?"

Yanayev started a step-by-step offensive, and Germany's current bad situation is replaced by...

"Look at what Germany looks like now? An economic powerhouse in Europe, the leader of a regional alliance, but what does Germany look like now? Every time, it will only issue endless high benefits to win over a group of moths, and a group of damned Refugees, what is this? Where did the most powerful German Empire go? Frederick I should be ashamed of their children and grandchildren, because it was a group of stupid liberal democrats who turned Germany into the mess it is now."

"Tell me, when you see a group of refugees who do not belong to your land run amok in Germany, when you see these refugees want to turn Germany into their religious country China, when they threaten and hurt in the streets Don't you feel heartbroken when the German people are safe?"

Krenz shook his head and replied, "But this has nothing to do with me. It was Cole's crime, and the Federal Republic of Germany should pay for it."

Although he said so, in fact, Krenz's heart still felt a little touched, especially when he saw the conflicts between refugees and people, welfare and poverty on TV became more and more intensified, he realized that This was certainly not the Germany he wanted to see, at least not the East Germany he wanted to see.

"No, listen carefully, this is related to every German people. What they need is not a politician who does nothing and will only increase the burden on Germany's finances endlessly. They need a real strongman who can lead Germany to the future The people, the leader who can solve the internal crisis in Germany. The Federal Republic of Germany has cultivated generations of waste, and it is time for a leader who can make a difference."

"Either you watch Germany end, or you stand up and take over this mess and become Germany's savior. Even if you lose, you can claim to be ashamed of the German people in the future, but you are absolutely worthy of your heart!"

After the entire conversation, Yanayev did not mention any news about joining forces with Krenz, but Krenz unexpectedly took the initiative to ask, "How does the Soviet Union want to cooperate with me?"

"Return to politics." Yanayev's answer is clear, "Now Germany's political system has changed, from a federal state to the current confederal system. Before the new political system has stabilized, all you have to do is Quickly establish your position within the German Democratic Baath Party and further spread your influence. Strive to gain a dominant position in the first general election of the Chancellor. And even if you cannot become the Chancellor of Germany, at least the future Chancellor of Germany will be by your side people."

"Then what about political funds? How are you going to work on this?" Krenz answered in a very cryptic manner. Since cooperation with the Soviet Union is necessary, the issue of political funds must be indispensable.But if people discover that Krenz's funds are inextricably linked to the Soviet Union, Krenz's political career will be over.

"You don't need to pay too much attention to the issue of political funds. We will use a series of means to transfer to your account. Don't worry, even if the Supreme Court investigates, the funds are legal." In order to reassure Krenz, Yana Yeve basically considered all the situations that could be considered.

"And you only have one chance, Comrade Krenz. This time, you will be the savior of Germany."

After speaking so much in one breath, Yanayev paused, waiting for the reply from the other side.

After a long silence, the person on the other end of the phone slowly replied, "Are you making me a German tyrant? The German people no longer need Honecker."

"Yes, Germany really doesn't need a Honecker."

Yanayev said bluntly, "I am making you Stalin of Germany."

Chapter 772 Preparing for the Financial Shock

After laying the groundwork for Krenz, Yanayev will face perhaps the most serious problem in the next year and a half.It is now September 1997, nearly a year before the shock waves of the financial tsunami arrived.

The 1998 financial crisis was a severe blow to Russia in history. At that time, the Russian stock market was opened to foreign capital in the early 90s. In 1994, non-residents were allowed to enter the short-term treasury bond market. In 1996, foreign capital could simultaneously participate in the primary bond market and the secondary market.After that, domestic investors were not cultivated, and foreign capital occupied the absolute main body of the bond market.Moreover, Russia's central bank does not have any regulatory mechanism for the investment of commercial banks. This has led to the Russian Federation, which relies too much on short-term government bonds, trying to speculate on the short-term bond market to bet on the recovery of the energy market. The result was severely slapped.

This is why Yanayev has either explicitly or implicitly encouraged and cooperated with the United States to disrupt the situation in the Middle East since he took office, allowing the United States to enter the troubled waters of Iraq and Libya in advance. The oversupply of the energy market since the 90s has made the international The sharp drop in oil and natural gas prices in China also caused the Soviet Union to suffer heavy losses in oil foreign exchange. Fortunately, Cardano and Saddam, who jumped out to their deaths, became the stepping stones of Mao Xiong.The US launched the Iraqi War, NATO waged a civil war in Libya, and it was the Soviet Union that ultimately benefited from rising global oil prices.

So much so that some international situation analysis experts said with a sour afterthought, "When the Soviet Union has only its last breath left, there will always be unlucky guys who will come out to save the red empire for a second of life."

But they didn't see that Yanayev even started to deploy five or six years in advance, and those chess pieces that were set up at the beginning will always surprise people at some point in the future.

With the help of this wave of energy income offensive, Yanayev has vigorously developed infrastructure in the past few years, through vigorously reforming crops in Ukraine and the Kazakh Autonomous Prefecture, providing generous subsidies for food planting, and minimizing dependence on foreign food products.At the same time, encourage the development of the real economy and give various preferential policies to avoid the development of a single dependence on energy or land.Although the economy of the Soviet Union is still in an unbalanced state, people's living structure has been greatly improved. At least they don't have to queue up to go to the bakery.

When Comrade Ryzhkov walked into Yanayev's office, what greeted him finally was not the face that was gloomy all day long, but a warm smile appeared unexpectedly.This made Ryzhkov, who is the Minister of Economy, relieved. Since he gained the upper hand in the German competition, frowning is finally not his signature image.

"General Secretary Yanayev, have you heard that there is something very urgent?"

Ryzhkov didn't quite understand why Yanayev didn't make it clear on the spot on the phone, but had to go to the Kremlin to talk about it.

Yanayev nodded, suppressed the smile on his face, and put on a serious attitude, "Yes, I would like to discuss with Minister Ryzhkov about the regulatory reform of the Soviet Financial Services Administration."

Because of the change of the original historical line, the Federal Securities Market Commission did not actually appear in the 90s, but directly appeared as a comprehensive agency of the Soviet Financial Services Administration with comprehensive management.Responsible for implementing government policies on the securities market, regulating the activities of professional securities market participants, and protecting the rights of investors and shareholders.

Historically, the policies of the Russian Federation have made major mistakes. There have been two government changes, and the lack of government execution has lasted for half a year.As a result, foreign businessmen lacked confidence in the government and withdrew a large amount of funds from Russia, which aggravated the financial crisis.The decision-making mistakes of the Kiriyenko government are also the reasons for the crisis phenomenon such as the sharp fall of the ruble exchange rate, the crazy decline of the stock market, the rush of residents to save deposits, and the rush to buy US dollars and commodities.In the case that its own foreign exchange reserves are not rich, a considerable part of the reserves are invested in short-term government bonds, and after buying them, when the exchange rate fell, in order to maintain the stability of the ruble, the Russian Central Bank announced that it would not intervene in the bond market.

"I don't know if Minister Ryzhkov has noticed that our foreign capital is gradually withdrawing from the Russian market. The ruble exchange rate has shown intermittent declines since June today. This is not good news." Yanaye Husband replied worriedly.

Even after Yanayev's personal reforms, foreign capital still maintains a slight advantage in bond market investment. In this way, once the financial crisis prompts international investors to make major adjustments to venture capital and withdraw from the Soviet Union's domestic market, then the ruble's The exchange rate will fall all the way.

Fortunately, the ruble has only been lowered slightly now, and has not soared to the upper limit of the exchange rate corridor. There is no need for the Russian central bank to use foreign exchange reserves to intervene in history.Moreover, the wave of foreign capital fleeing from 1997 to 1998 was already powerless, and the bond market with strong external dependence began to collapse.With the strong backing of energy revenue, Yanayev is still able to reform the financial market in a hurry.

"General Secretary Yanayev also noticed?" Ryzhkov was a little surprised. He thought that Yanayev, who was busy with international affairs, had no time to observe the changes in the situation.