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22121391 2009 年 02 月 20 日 15:23 Reading (loading. ..) Comments (0) Category: Personal Diary
Russia From Gorbachev reform era began slowly, but several reforms with little success. Putin took office, in order to rebuild its image with the authority, in order to bring Russia out of the woods, Putin is needed is a practical and efficient economic development plan.
then, how the Russian government finally adopted the development plan, this plan but also implies how the deadly risk?
Russia's Development and Reform Commission, called the Economic Development Board, they did a kind of planning: the use of high energy prices and low cost international funds the development of Russia. This sounds very attractive. Because the energy in recent years such as iron ore, petroleum,
mbt sport shoes, agricultural prices are rising,
mbt anti shoe, the Russian export commodities that? Oil, gas, chemical products, steel and so on. The results of large price increases, making this is due to misjudgment of the Russian nation the principles of supply and demand caused prices to rise. But in fact these prices are basically violating the principle of supply and demand, but by the international financial speculators gained pricing power, just foam. The results of this very serious miscarriage of justice
. This is just taking it every international financial speculators loopholes for calculating the Russian one. As the Russian government, enterprises are false positives is caused by excessive demand for price increases, they continue to produce more oil, natural gas, continue to export, the more money the more you earn. To the end of 2008, the Russian foreign exchange accumulated up to 6000 billion dollars U.S..
However,
mbt shoes sale, due to the government, enterprises also will be forever misjudged this price increase, their future vision of limitless good, that go according to this situation, then Russia will become strong. So they began to lend money to the international banking group. Borrow any money? Low funding.
Why lend money to the international banking groups? Their cost of capital because Russia is very high. December 2008,
mbt uk, the U.S. benchmark interest rate close to zero, while Russia is 13%! If in December the Russian people would buy a car, car loans 16%. So Russia is simply not interested in these companies to own banks to borrow money. The International Consortium of interest to them only 2%, 3%.
However, when banks lend money to the Russian mission, he requested collateral. What guarantee do they ask? With this kind of a bubble on the stock as collateral, even Russia was also believed that these companies, these foolish,
cheap mbt shoes, how to use such a high price-earnings ratio of stocks as collateral, you not afraid of a risk? They know where all the sets of the.
they borrowed a total of 5,000 billion U.S. dollars, low-interest loans, and basically use the assets or the stock as collateral. Russia's foreign exchange reserves, but 600 billion dollars. Because they believe that stock price appreciation, and use this as collateral, they had an advantage.
result, they never dreamed, from $ 147 crude oil prices fell to $ 35 a barrel. Russia, these large companies, including Rosneft, Gazprom, made of steel Eurasia Group, etc., all losses. The index fell 500 points by the more than 2000 points. Just at this moment, even while European and American banking group requires Russian companies pay back the money.
how also? These enterprises are relying on the original energy exports made a lot of money, a fall in energy prices now, everyone is losing, not played. You do not even be able to sell stock to repay, or so much stock do not worthless. What results is not it? Collateral is forfeited. That Russia's three major banks,
mbt chapa, with large Russian companies, their collateral is stock, options, almost all of these foreign banks swept.
Putin began rescue these companies, hoping to redeem shares. Then I'm thinking along the international financial speculators to an account balance and see how much money you can out of Putin's redemption.
the hands of the Russian government has two reserve funds, called Russia's reserve fund, a total of more than 5 trillion point. Another called Russia's welfare fund, probably more than 30,000 million, together with more than 80,000 billion rubles, equivalent to more than 20,000 billion yuan. The reserve fund and welfare fund has its specific uses, such as education, retirement, defense and more. So I decided that Russia will use best efforts to put a portion of more than 80,000 billion fund to buy back these shares. Come up to half of 4 trillion rubles, 1 trillion yuan, about equal to 140 billion U.S. dollars. Russia these banks by large firms with foreign debt is 500 billion dollars, we can only redeem 25% of the shares with the assets, the remaining 75% of the redemption do not come back, because not enough money out.
2008, Russia's fiscal revenue is 9 trillion rubles, the total expenditure is 9.5 trillion rubles as well a small deficit. But this 9 trillion rubles is how a bonus? Must be above 95 dollars a barrel of oil to recover the cost of 9 trillion. So in 2009 if Russia wants to compress expenditures, subsidies through the budget surplus to do redeem these bonds, he have to have adequate financial resources. However, if oil prices below USD 50, then Russia's financial security is a deficit, then the Russian capital have not even follow-up, and a knife to cut you all. The result is Russia cut off forever retract 75% of the shares. That is equivalent to a gift for Russia in recent years, find that it is busy for the United States and Europe and is busy, so busy that everything handed it over to the final.
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