The former Soviet ruble was once one of the most influential currencies in the world.
Any financial scholar who studies the history of world currency will inevitably spend a considerable amount of energy and time reviewing and learning the overall situation of the "Ruble Scam". As a master of quantitative economics, Elena will naturally not miss this part.
Compared to the so-called prophets, what she grasps is not only the results themselves, but more importantly, thanks to her attitude of listening carefully in class, Elena is almost the only person in this era who has seen through all the masterminds behind the scenes.
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Due to the unexpected disintegration of the Soviet Union and without any preparation or market supervision, all the former Soviet countries entered the market economic reform process of financial liberalization almost overnight. The ruble fell directly from its original value without any buffer.
The fixed exchange rate was transformed into a dual exchange rate system, and the US dollar officially entered the market.
Immediately afterwards, after the summit meeting of the seven Western countries headed by the United States, it was decided that the kind and generous people of the free world will continue to send US$20 to US$30 billion to Russia, Ukraine and other countries every year in the next few years.
Long-term assistance loans, etc. - used in any field that can stabilize market finance except real industrial investment.
As a "witness of friendship" and to better guide the use of these funds, American economist Geoffrey Sachs proposed a genius economic improvement plan, the "Five Hundred Days Private Plan", which is often said in later generations.
"shock therapy".
According to the wonderful prospects he described to the Yeltsin government and the Russian people, this was an extremely fair and great decision.
The original state-owned enterprises of the former Soviet Union will be divided equally among everyone. Each citizen of the former Soviet Union will receive an additional state-owned asset worth 100,000 to 150,000 rubles without doing anything. Of course, it is
In the form of shareholding reform and securitization of state-owned enterprises.
Stimulated by the windfall, the people of the former Soviet Union quickly forgot about the furry bear that fell in the snowy night last year. They waved the "huge wealth" denominated in Soviet rubles in their hands and fell into a national carnival.
middle.
At the same time, the capitalists who had been looking around for a long time swarmed in.
Gringotts, the United States, and overseas private institutions... used high-interest deposits and huge bribes to officials in various countries to absorb a large amount of ruble deposits and securitized state-owned enterprises wandering in the land of the former Soviet Union.
Just as Elena once did, while absorbing and grabbing the ruble's market share, they also used various methods to borrow rubles from financial institutions in various countries in the former Soviet Union, promising high interest rates that would never be returned -
Then, when the time is right, they join forces to destroy the ruble's exchange rate and complete the most classic empty-handed plot in the history of currency.
Of course, these are all stories that happened in the past, or it can be said to be the stories that should happen in the future in the minds of the Gringotts goblins.
Two months after the start of "shock therapy", that is, at the end of February after the collapse of the Soviet Union, the breeze caused by a certain butterfly flapping its wings in this world finally formed an extremely cold storm that made people tremble.
…
London, Diagon Alley, Gringotts Wizarding Bank.
In the venture capital department located deep underground, the backup archives that had been closed under the order of Elder Leos were opened again. Deputy Director Bao Ge shuttled among the files flying in the sky, calculating something in his mouth, looking a little crazy.
As more and more documents were opened by this middle-aged goblin, the expression on his face became more and more terrifying, and the buttons of his elegant suit had been roughly torn apart. After a long time, Bao Ge finally piled them up on a hill.
In the file, he turned to the end of his preset time - August 1, 1991. On this day, no large-amount exchange business occurred.
"...Hehe, hehe..."
Bao Ge glanced at the empty file location, lowered his head and glanced at the calculated value in his hand. The whole goblin seemed to have aged dozens of years in an instant. He stared blankly at the white papers scattered around, and his eyes instantly lost their sparkle.
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As the deputy director of the Gringotts Venture Capital Department who is mainly responsible for risk accounting and internal auditing, even if he does not have direct access to the overall financial statements of Gringotts Wizarding Bank, he can infer the current situation of Gringotts Wizarding Bank through various numerical values and evaluation coefficients.
The range of liquid cash held by Lingge, as well as the ratio of foreign exchange reserves and liabilities.
A few months have passed. Due to the original mortgage agreement with Hogwarts, Gringotts Wizarding Bank's "gold galleons cash flow" should have entered a tight monetary situation, otherwise there would have been a serious break in the capital chain.
risks of.
But these days, the Gringotts Goblin Council of Elders is still issuing approvals to expand capital investment, instead of using the rubles and other foreign exchange reserves of non-magical countries to fill it.
If Bao Ge remembers correctly, in addition to the 400 million gold galleons in the mortgage agreement signed between the Council of Elf Elders and Hogwarts, most of the remaining loan amount was paid in Muggle currencies such as US dollars and British pounds -
- It stands to reason that Gringotts will not directly bear this debt, but will instead take a high commission and go to the non-magical world to exchange it.
Even based on the principle of prudent hedging, they should establish hedging in the ruble-galleone-dollar exchange rate to ensure that the commissions and loan interest they draw will not be affected by fluctuations in market exchange rates.
However……
Just a few hours ago, Andy Serkis, the young goblin who had hosted Albus Dumbledore, told him that Gringotts' cash reserves of non-magical currencies had been depleted as early as a week after the "war" began.
After all the money was spent, all their expenses in the previous month were settled and exchanged directly in gold galleons.
However, since the risk audit warning has been removed, no exception will be displayed unless there is too much premium.
Moreover, gold Galleons alone are definitely not enough. In addition, Gringotts Wizarding Bank's Muggle banks and investment institutions, which had previously secretly controlled the non-magical world, have also invested capital in this crazy competition.
But the most important thing is...
Click.
The door of the archive room that opened to the outside suddenly closed.
The noisy and noisy office area outside was instantly blocked by the thick magic protection door. A familiar old voice came from behind Bao Ge who was sitting on the ground, with a biting chill.
"It's amazing, Bao Ge. You are worthy of being Douglas's first-hand deputy."
Leos leaned on his cane and stood beside the closed archives door, speaking in a complicated tone.
"Since you started investigating Gringotts' various funds, we guessed that you would find out about that, right? It was discovered that the Council of Elders took risks for the sake of profit in the mortgage contract a few months ago, omitting the exchange and
It’s about the hedging process.”
"Why, and where does the gold galleons we use now come from..."
Fairy Bao Ge sat slumped on the spot, without looking back, and his voice was extremely dry.
"You are the deputy director of the venture capital department. Do you still need me to answer these questions for you? The so-called total war naturally involves the use of all the gold in Gringotts and small pieces of paper in the Muggle treasury——"
Leos' old face, covered with wrinkles and spots, moved and gave a twisted and ugly smile.
"As long as this chaos ends, these costs can be healed, and in fact, we will definitely become the final winners - and those traitors and American Muggles will do the same, otherwise
They have already quit the playground."
"Elder, this will cause problems! This is not consistent with..."
Bao Ge opened his mouth and let out a feeble moan like a person rescued after falling into the water.
Leos snorted coldly and tapped his cane heavily.
"What's not consistent? Bao Ge, I think you and Douglas have been too deeply influenced by those stupid Muggles and wizards. They blindly learn Muggle financial concepts and even forget our goblin traditions!
"
"The rightful owner of any thing is its maker, not the buyer. Since we have minted gold galleons, then all gold galleons should belong to us fairies. The gold circulating outside is just a temporary use by wizards.
It's just a loan - at such an important juncture, I won't let a weak guy like you ruin the Gringotts campaign."
"Notify the Venture Capital Department that Deputy Director Bao Ge is unwell and needs to rest for a while."
A coldness flashed in Leos' eyes and he waved his hand decisively.
Standing beside the goblin elder, the goblins in scarlet uniforms silently walked up and stood in front of Bao Ge.
The scene that happened in the office of the head of Gringotts' Venture Capital Department a few weeks ago was repeated once again in this spare archive room filled with information, as if a strange spell had been cast.
In the investment department office area just across the door, hundreds of goblins are still enthusiastically executing various investment plans. Bonds of state-owned enterprises of the former Soviet Union are registered and put into the warehouse by the goblins of Gringotts. Astronomy
The digital ruble deposits are beating up every second, and all the goblins are gearing up and looking forward to the day when bear meat is harvested...