Chapter 243 Crazy Loans
Kowski moved quickly. On the third day, Feng Yu signed a loan contract, with a loan of 100 million rubles. After six years, the principal and interest will be repaid in one lump sum. The annual interest rate is 13%, calculated as simple interest.
Feng Yu only gave Kovsky a kickback of 3 million rubles, and he also prepared a red envelope of 1 million rubles for Brother Ke. Although the repayment time is a bit shorter, Feng Yu is completely acceptable, and the interest is lower than he imagined.
The money here reached Feng Yu's account in Xiangjiang, and Feng Yu immediately transferred the promised amount to other people.
"Brother Ji, I think I can accept a higher interest rate, and there is no need to argue too much about the interest rate." Feng Yu wanted to give less kickbacks, and use high interest rates to lure those presidents to give him illegal loans.
How could Kirilenko refuse to agree? Feng Yu is willing to give high interest, and it will be easier for him to operate. Today they are going to meet with the president of the Belarus branch.
What Feng Yu is pursuing now is efficiency, and he wants to get all the loans done in the shortest time. Because in a few months, under the stimulation of the dual exchange rate, the official exchange rate of the ruble to the US dollar will rapidly change from 0.6:1 to 1.8:1, while the market exchange rate will depreciate even more!
For three consecutive Soviet state-owned banks, Feng Yu, with the help of Kirilenko, all successfully loaned 100 million rubles, a total of 300 million rubles, and the total kickback paid was only 11 million rubles. It seems that the rebate is very high, but compared with Feng Yu's upcoming profit, it is a drop in the bucket!
"Feng, do you still want to continue lending? Branches in those small allied countries may also be able to lend, but the loan amount will definitely not be so high."
"Can you continue to borrow? Brother Ji, as long as you can borrow, even if each bank only lends 10 million rubles, I will lend!"
Such a good opportunity is rare in a hundred years, so Feng Yu must strive for the greatest benefit.
Kirilenko didn't understand why Feng Yu had to borrow so much, and the interest was getting higher and higher, but Feng Yu didn't care about how he would invest the money. To have such a high profit?
When Kirilenko helped Feng Yu get the last loan from the state-owned bank, Kirilenko finally couldn't help asking.
Feng Yu has actually been waiting for Kirilenko to ask him, this time he plans to bring Brother Ji, if it goes well. He wants to invest in some minerals with Brother Ji.
Mining in the Soviet Union, if there is no support from local forces, absolutely impossible.
In January and February next year, Feng Yu will have a good opportunity to acquire the oil field when the Gulf side makes a move. At that time, the price of oil will fall, and the price of oil fields will naturally fall. In addition, the ruble has depreciated significantly, even if you sign a high-priced purchase agreement now, just wait for a while, and the ruble will depreciate by more than three times, then the purchase price will be too cheap!
"Brother Ji, remember what I told you, this time is a good opportunity to make money. If the Soviet Union is going to disintegrate, what do you think will happen to the ruble?"
"Ruble? What changes can happen to the ruble? After the disintegration. At worst, countries issue their own currencies, and the ruble will still be the main currency." Kirilenko disagreed.
"Brother Ji, look, in your country, the purchase of major daily necessities is also purchased by tickets, right? And our country is also the same, but after the market economy is opened up, people do not have tickets, but they have money and want to buy things. This will Leading to an increase in the cost of living, right?"
"It's just a price increase, it's normal, what's wrong?" Kirilenko was still at a loss.
Feng Yu shook his head. Brother Ji seems to know nothing about finance.
When supply is less than demand, prices will rise rapidly, inflation will occur, and currency will depreciate.
Especially now that the Soviet Union has such low scrutiny of foreign banks, those large foreign banks in Europe and the United States. It began to expand wildly throughout the Soviet Union. Through some gray means, they extorted a large amount of rubles from the Soviet Union's state-owned banks and state-owned financial institutions, allowing the Soviet Union to print and distribute more rubles, which also accelerated inflation.
"Brother Ji, have you ever thought about why those foreign banks borrowed a lot from your state-owned banks? Do you remember what the president Kochev told us when we were talking about loans at the Bank of Belarus? He said that several foreign-funded banks borrowed a lot of money from the Bank of Belarus in order to invest in some construction projects. Do you think it is possible to realize those projects?"
"Of course it's impossible. We actually want to build real estate in the Soviet Union. Everyone in the Soviet Union has a house to live in. Why do we need so many houses?" Kirilenko said disdainfully. At that time, he felt that those foreign bankers were Silly x, if you build a house and sell it, you need someone to buy it to make money. Is there a shortage of houses in the Soviet Union?
Are those people stupid? The person in charge of the Bank of the Soviet Union is an idiot! Those projects are clearly fake, just to get a loan. Perhaps the responsible persons of those banks also understood that they just took high kickbacks to fill their own pockets.
Why did Feng Yu say that Brother Ji can buy the minerals of the Soviet Union, because the Soviet Union is also playing with the shareholding system reform at this time, that is, all employees of state-owned enterprises are issued company stocks. Looking at it, it is definitely not a small number.
The people of the Soviet Union are rich, but their lives are still not good, there is no way, the living supplies are seriously insufficient. Save your money, where will you save it? Foreign-funded banks offer higher interest rates on deposits and better service attitudes. Free coffee and black tea are provided at the door, and all services are served with a smile.
So the people of the Soviet Union deposited all their money in foreign-funded banks. The state-owned banks ran out of money, and the currency in circulation was not enough. What should I do?
"Brother Ji, do you think those foreign-funded banks are stupid? But have you ever thought that all your money is deposited in foreign-funded banks. When the amount of money reaches a certain level, it can affect your prices in the Soviet Union. .Especially since you are now engaged in a market economy, it is more convenient for them to control price increases and ruble depreciation.”
"What did you say, the ruble has depreciated?" Kirilenko was unhappy, how could the ruble depreciate?
"That's right. Originally, a piece of clothing cost ten rubles, but because of the market economy, everyone with the highest price wins. Then the price of this piece of clothing may become twenty rubles, but in fact you are still buying the same piece of clothing. This will reduce the value of the ruble by half in disguise! This will cause inflation! Do you understand inflation?"
Kirilenko shook his head blankly, what is inflation?
Feng Yu is so angry that he can't explain it to this kind of person, and he doesn't even understand basic economic vocabulary.
"Anyway, you need to know that the ruble is going to depreciate, and it will depreciate immediately and quickly. I will exchange the ruble for the loan into dollars, or rb, Japanese yen, and then exchange it back after the ruble depreciates. I will make money, understand?"
"That's why you want a loan? I said why do you have to pay back the principal and interest together! Then tell me, is the depreciation serious?" Kirilenko suddenly realized that Feng Yu had come up with this idea.
"If you believe me, find a relationship now and get a loan yourself, I guarantee that within three months, the ruble will depreciate wildly! You will have at least doubled the profit!" To be continued.
ps: This chapter is uploaded regularly, and the fourth child should still be sending dad to the bus at the station. The Chinese New Year is coming, and what the fourth child is most afraid of is seeing the relatives and elders at home, afraid that they will ask: Do you have a girlfriend? What are you doing now? Still writing, how much money do you earn a month, is it enough to eat? Is it enough to pay the rent? I never thought about going home and finding a stable job.
I hope that everyone will support the fourth child a lot, and when the fourth child returns home, he can firmly tell them: the income is not bad! ! !