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In many people's minds, so-called funds seem to be financial products that are publicly traded on the stock market, or that you take money to subscribe for in a bank and wait for dividends.
In fact, there are many types of funds. There are also many secret organizations under the banner of the foundation. There are also many secret operations and projects that also exist in the name of the fund.
Shen Fanlei is a young lady from an aristocratic family. She naturally understands the mystery here: "What kind of fund is it?"
"Like I said, we have to start from the beginning..." Shen Minglin brought his daughter to the study room. Then he closed the door firmly: "Not long after the end of World War II, the top brass of country M accurately realized that... There will be no more large-scale wars for quite a long time. What will dominate the world political landscape in the future will be the smokeless confrontation between the two ideological camps of the East and the West. Later generations will call it the 'Cold War'. A very important aspect of this confrontation is that The first aspect is the economy. Therefore, in order to ensure that their way of life is not invaded and changed, the high-level elites of Country M and its Western allies formulated a financial war plan against the former Soviet Union. Delta. To put it bluntly, it was to establish a financial war plan against the Soviet Union. A secret organization waging financial war.”
"What does this have to do with the Ling family?"
"Don't be anxious. Listen to me slowly." He took a sip of water and moistened his throat. Shen Minglin continued: "Because this plan involves something too shady, it is impossible for Country M to operate it in an official name. Some kind of To a certain extent, it can be said that Country M is only responsible for providing money and letting Delta do whatever it wants. Then there is no longer any relationship between the two. What Country M wants is to destroy the former Soviet Union on an economic level. So at that time, The president of the country found a Chinese named ANDERSON.LING who was specifically responsible for executing this plan. He was called the 'custodian'. This Chinese's Chinese name was Ling Hao. He was Ling Yang's father and Ling Cang's grandfather."
"Why choose a Chinese?"
"The reason is very simple. Mainland China implements the same system as the former Soviet Union. If the Chinese are to operate this plan, it will not easily arouse the vigilance of the Eastern camp." After a pause, Shen Minglin continued: "Of course. It can attract the attention of the President of Country M. It must not be commonplace. The Ling family belongs to the legendary reclusive family. They immigrated to Country M many years ago. They have many high-level connections. They are low-key but possess powerful abilities. The president of Country M took this into consideration Coupled with Ling Hao's great talent, this decision was made. The investment amount of the entire plan was tens of billions of dollars. The two parties split 30-70, with the Ling family providing 30% and the M government providing 70%. It was agreed at that time that the trustee would be The Ling family is hereditary. Each president of Country M serves as a representative of the government. In other words, apart from the direct participants, only a very small number of top leaders of Country M, including the president, know all the details of the entire plan."
"Then what."
"Then Delta was established. Ling Hao quickly made his first business."
"Won."
"After a great victory, with the full cooperation and protection of the M government, he won successively in stocks, futures, options and various financial derivatives. His assets doubled one after another. However, these were just the stages of capital accumulation. .It was nothing compared to the subsequent victory. Ling Hao’s goal was very clear from the beginning. To use financial means to hollow out the former Soviet Union and make the ruble, the currency of the former Soviet Union, worthless. To this end, he formulated a plan that lasted for dozens of years. The strategy for the year was completed by two generations of the Ling family."
"What is the specific content."
"Although the main battlefield is in the financial market, he has adopted various means. For example, he bribed a large number of Soviet bureaucrats to leak information and raised many parrot scholars. He peddled economic theories that were beneficial to him everywhere, and through the president, he asked the M country to formulate many policies that met his needs. policy……"
"But I still don't quite understand. Even with so many favorable conditions, exactly how Lingcang's grandfather turned other people's money into his own."
"The economy is so wonderful. Things that seem unbelievable are likely to come true. Start now. You have to learn to take charge of family affairs. You must have a sufficient understanding of these aspects." Shen Minglin took another sip of water and continued to introduce: " After sufficient capital accumulation and preliminary preparations, Ling Hao's strategy was fully launched in the 1980s. He proposed to issue a large amount of U.S. dollars and raise interest rates at the same time. Country M adopted it. Next, he manipulated the media to conduct a series of public opinion preparations and propaganda. How wonderful life is in country M. The U.S. dollar is a high-interest, strong currency. This kind of trust, coupled with the advocacy of economic parrots, gave rise to the illusion that the former Soviet Union changed its economic policy and learned from country M. But they They only learned the superficial knowledge, but not the essence. As a result, they did not learn the opposite. They printed state-owned enterprise bonds and distributed them wildly... Of course, state-owned enterprises should be owned by the whole people. But the Soviet people got so much money out of thin air. .But it also caused the possibility of devaluation of state-owned assets and the flow of shares. At the same time, they also allowed the establishment of non-state-owned banks. As a result, a large number of private and foreign-owned banks sprung up. A considerable number of them were behind the scenes. The boss was Ling Hao. Speaking of which, those back then Everything he did was right. But no one thought that it was Ling Hao's conspiracy from beginning to end. Ling Hao used high interest rates and good services different from state-owned banks to attract a large amount of ruble deposits. Then he started to engage in activities in the Soviet Union. There was an underground foreign exchange market. At that time, the ruble had a fixed exchange rate and no free convertibility was allowed."
"I kind of understand. The underground foreign exchange black market can, to a certain extent, influence the actual exchange rate of a currency..." Shen Fanlei said thoughtfully: "In those countries where there is an economic crisis, people will go there in order to prevent the assets from depreciating. Exchange the U.S. dollar. Because the U.S. dollar is hard currency after all. However, these countries often have limited U.S. dollar reserves. If the official nominal exchange rate is 1:1, it is actually impossible to exchange for it. You must go to the black market and use ten times or more of the national currency. And the black market exchange rate will rise as more people come to exchange. As a result, the US dollar becomes more and more valuable, and the domestic currency becomes less and less valuable. The result is a substantial devaluation. Ling Hao has this method. If we seize a large amount of rubles here, we will have the ability to destroy the ruble exchange rate."
"At this time, the situation was actually a bit critical. But the Soviets did not realize that at this time, the economic parrots raised by Ling Hao had gained the trust of the Soviet people. They appeared as economists and influenced the situation to a great extent. Economic policy. Under their suggestions and in view of the scale of the underground financial market, the Soviets further relaxed the free exchange of rubles and US dollars. Logically speaking, this is normal and a necessary step for a market economy. However. For Ling Hao, all the conditions are met to launch a general offensive." Recalling the shocking information he had received, Shen Minglin told his daughter: "Ling Hao suddenly threw out the rubles in his hand... You know When the supply of something exceeds demand, it will inevitably depreciate. As a result, the ruble panic began. The exchange rate against the US dollar quickly fell from 1:2.8 to 100:1."
"I don't understand this. It sounds like Ling Hao is in the business of being a free man. The rubles he used to destroy the exchange rate are not his own at all. They are the deposits of Soviet people in private banks."
"This just shows Ling Hao's brilliance." Shen Minglin smiled and shook his head. He felt that his daughter needed to learn too much: "A considerable part of the money Ling Hao invested before was used in software. For example, the briber | They control the media and cultivate parrots. But there is also a lot of hardware expenditure. Mainly the private banks established under various names and the deposit interest paid out. Ling Hao does not need to hold these ruble deposits in his hands. Instead, he used his own money to buy rubles from the black market with US dollars to pay interest. You should understand now that Ling Hao's involvement in the underground foreign exchange market kills two birds with one stone. One is to manipulate the exchange rate, and the other is to obtain more rubles. It is these ruble deposits that provide Ling Hao smashed the ammunition to praise the ruble exchange rate. Like you, many people will ask what Ling Hao should do if Soviet people go to the bank to withdraw money."
"Yeah. I think he will be dumbfounded because all the rubles have been used by him."
"You have to understand. Ling Hao already knows that the ruble will depreciate astonishingly. And this depreciation will trigger a series of effects in the international financial market."
"I understand. It's like being able to predict the rise and fall of stocks. You can make a lot of money from it."
"That's right. It is said that Ling Hao invested all the money he had previously invested with interest, and then took it back to the Soviet Union with interest. As for the run on the Soviet people... remember what I just told you. Corporate bonds."
"Well. Now it has depreciated hundreds of times."
"Yes. This is what Ling Hao wants to take advantage of. He offers the Soviet people two options. Either pay the ruble deposit with interest, and let the Soviet people go to the black market to exchange for the already shockingly expensive US dollars. Or, he can use comparison Preferential exchange rates. Use U.S. dollars to repay these deposits. But Soviet people must sell their state-owned enterprise bonds at low prices."
"Oh my god. In this way, doesn't Ling Hao become the largest shareholder of the Soviet state-owned enterprise..."
"Yes." Seeing that his daughter finally understood, Shen Minglin was very happy: "State-owned enterprises generally have poor performance. There is no way to pay dividends. Coupled with the depreciation of the ruble, the bonds seem worthless on the surface. Therefore, the Soviet people are happy to sell. In fact, there was no other choice at the time. However, the value of the company's land, machinery and equipment and other fixed assets was an astronomical figure. Although it was temporarily devalued due to the company, it would not take long for the original value to be restored."