On the third day, Feng Yu signed the loan agreement. The loan was 100 million Rubles, and after 6 years, the principal and interest would be repaid in one lump sum. The annual interest was 13%.
Feng Yu only gave Pavlovsky 3 million Rubles as commission and gave Brother Ke 1 million Rubles as a red packet. Although the repayment period was shorter, Feng Yu could accept it. The interest was also lower than he expected.
When the money was transferred to Feng Yu's Hong Kong account, Feng Yu immediately transferred the promised amount to others.
"Brother Ki, I feel that I can accept higher interest. There is no need to argue over the interest." Feng Yu wanted to use the high interest to entice those bank managers to give him loans illegally.
Kirilenko agreed. If Feng Yu was willing to give him high interest, it would be easier for him to deal with Kirilenko. Today, Kirilenko and Kirilenko were meeting the Belarus Branch Manager.
What Feng Yu wanted now was efficiency. He wanted to settle all the loans in the shortest time possible. This was because in a few months, due to the dual exchange rates, the official exchange rate of Rubles against USD would drop from 0.6: 1 to 1.8: 1, and the market rate would depreciate even more!
With Kirilenko's help, Feng Yu successfully got a 100 million Rubles loan from 3 Soviet Union banks. The total amount was 300 million Rubles, and the commission was only 11 million Rubles. The commission might seem high, but compared to the profits Feng Yu was about to get, it was only a drop in the bucket!
"Feng, do you still want to get more loans? Those allied countries' branches might also be able to get more loans, but the amount will not be so high. "
"Can I still get more loans? Brother Ki, as long as I can get more loans, even if it is only 10 million Rubles from each bank, I will still lend! "
This was a rare opportunity, and Feng Yu wanted to get the most out of it.
Kirilenko did not understand why Feng Yu wanted to get so many loans. The interest was getting higher, but Feng Yu did not seem to care. How was he going to invest this money to get such high profits?
When Kirilenko helped Feng Yu get the last loan from the state-owned bank, Kirilenko couldn't help but ask.
Feng Yu had been waiting for Kirilenko to ask him. This time, he decided to bring Kirilenko along. If everything goes well, he wants to invest in some mines with Kirilenko.
It is impossible to open a mine in the Soviet Union without the support of the local authorities.
In January or February next year, when the Gulf side starts to move, it will be a good opportunity for Feng Yu to purchase the oil fields. At that time, the price of oil will fall, and the price of the oil fields will naturally fall. Furthermore, Rubles had depreciated significantly. Even if Feng Yu signed a high-priced purchase agreement now, Rubles would depreciate by more than three times, and the purchase price would be too cheap!
"Brother Ki, do you still remember what I told you? This is a good opportunity to make money. If the Soviet Union disintegrates, what do you think will happen to the Ruble? "
"Rubles? What can happen to Rubles? After the dissolution of the Soviet Union, all countries will issue their own currency, and Rubles will still be the main currency. "Kirilenko replied.
"Brother Ki, look. In your country, people also use tickets to buy daily necessities, right? Our country is also the same. But after the market opens up, people do not have tickets, but they have money. They still want to buy things, and this will cause the prices of daily necessities to rise. Am I right? "
"It's only price increases. This is normal. What's wrong?" Kirilenko was still puzzled.
Feng Yu shook his head. Kirilenko seems to know nothing about finance. When the supply is lower than the demand, the prices of goods will rise rapidly, and there will be inflation. The currency will depreciate.
Especially now, the Soviet Union had very lax checks on foreign banks. Those large foreign banks from Europe and the US started to expand their operations in the Soviet Union. They used some shady methods to get large amounts of Rubles from the Soviet Union's state-owned banks and financial institutions. This allowed the Soviet Union to print more Rubles, and this caused the inflation to increase.
"Brother Ki, have you ever thought about why those foreign banks would get large amounts of loans from your state-owned banks? Do you still remember what Kochev told us when we were talking about loans at the Belarus Bank? He said that a few foreign banks had borrowed a lot of money from the Belarus Bank to invest in some construction projects. Do you think those projects can be realized? "
"Of course not. They even want to build real estate in the Soviet Union. Everyone in the Soviet Union has a house to live in. Why do they need so many houses?" Kirilenko replied. At that time, he felt that those foreign banks were idiots. Even if you want to build a house and sell it, there must be people buying it to make money. Did the Soviet Union lack houses?
Were those people idiots? The person in charge of the Soviet Union's banks was the idiot! Those projects were obviously fake and were only for the purpose of getting loans. Perhaps the people in charge of the banks also understood that they were only receiving high rebates to fill their own pockets.
Feng Yu knew why Kirilenko said that Kirilenko could buy the Soviet Union's mines. It was because the Soviet Union was trying to reform the state-owned enterprises into a shareholding system. All the state-owned enterprises' employees were given shares. On average, each employee would get 10,000 to 20,000 Rubles worth of assets. Based on the current exchange rates, it was not a small amount.
The Soviet Union's people had money, but their lives were still not enough. There was no choice. They had to save their money. Where should they save their money? The foreign banks' interest was higher, and their service was better. The moment they entered the door, they would get free coffee, free tea, and all the staff were smiling at them.
So, the Soviet Union's people deposited all their money into foreign banks. The state-owned banks did not have enough money, and there was not enough currency. What to do? Print more money.
"Brother Kirilenko, do you think those foreign banks are idiots? But have you ever thought that all your money was deposited into foreign banks? When the amount of money deposited reaches a certain level, it will affect the prices of goods in the Soviet Union. Especially now that the Soviet Union has a market economy, it will be easier for them to control the prices of goods and depreciate Rubles. "
"What did you say? Rubles depreciate?" Kirilenko was unhappy. How could Rubles depreciate?
"That's right. Originally, a piece of clothing cost 10 Rubles. But because of the market economy, the highest bidder wins. That piece of clothing might be sold for 20 Rubles, and you are still buying the same piece of clothing. This will lower the value of Rubles by half! This will cause inflation! Do you know what inflation is? "
Kirilenko shook his head. What is inflation?
Feng Yu was speechless. There was no way to explain to someone like Kirilenko. He did not even know basic economic terms.
"Anyway, you should know that Rubles will depreciate very soon. I will exchange the Rubles from the loan to USD, RMB, or Yen. After Rubles depreciate, I will exchange them back. I will make a profit. Do you understand?"
"That's why you want to get a loan? I was wondering why you want to repay the principal and interest together! Then tell me, is the depreciation serious? "Kirilenko finally understood Feng Yu's intention.
"If you trust me, you can use your connections to get a loan yourself. I guarantee that within 3 months, Rubles will depreciate like crazy! You will get at least double the profits! "
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