What the United States is doing is not to break the jar, but to release dollars to disrupt the global financial structure and dilute its debt crisis. Obviously, the United States, as a global banknote printing factory, has this ability.
But the debt will not be diluted in vain, and in the end, other countries will pay for the United States.
Brazil and India paid the bill first, and now it's Vietnam's turn.
The United States became the most powerful country in the world from World War I to World War II, and its hegemonic position was not based on kindness to the people, but on repeated looting. This makes them have inertial thinking. They don't know what cooperation wins, and they think about zero-sum games every day.
The United States has won the foreign war, effectively excluding dissidents, and many younger brothers have followed suit. In addition, American science and technology culture is really quite strong. In previous decades, no country would think that the United States would fall, but that it would be prosperous and stable for a long time.
The value of a country's currency corresponds to its national credit. Under the high expectations of the countries in the world for the United States, the US dollar has naturally become the currency that people of all countries are most willing to use, and it is a hard currency with the same status as gold. Americans have no say in gold reserves, but they have the right to decide how many dollars to print.
The United States relies on the dollar to maintain the stability of its economy, leaving them completely ignorant of what thrift is. Recently, due to a large number of war consumption and global epidemic, it has gradually made ends meet. In order to save the decline, the Federal Reserve printed a large number of dollars, and this policy continued from Trump to Biden.
These large-scale printed dollars will be distributed to the unemployed in the United States first, which will certainly make people feel grateful to the government. The United States has invested a lot of money in fighting the COVID-19 epidemic, including 20 billion for COVID-19 vaccination and 50 billion for other epidemic monitoring, and it also adopts the principle of giving priority to Americans. These measures really saved the government's reputation.
On the economic front, the United States has also made a difficult decision, allocating 350 billion dollars to the state government, and schools and small and micro enterprises have received government subsidies. An unemployed American can get 400 dollars a week. What's more, there is a direct rescue plan of 1 trillion dollars, which every American can receive.
In this way, the American people who lost their jobs because of the epidemic finally had hope of survival, and those who complained about the government began to keep their mouths shut. Obviously, the living problems of the American people have indeed improved to some extent.
But what is hidden under these high returns is the crisis of the total collapse of the United States. Looking closely at their financial statements, the US government has been unable to make ends meet, and the fiscal deficit is serious. The amount of money issued by a country depends on the country's economic aggregate, otherwise, like Zimbabwe, money is not money.
Americans certainly know that they are playing with fire, but they don't care. Because the dollar is the world's hard currency, their army is the first in the world. Under the double guarantee of military and economy, these dollars, which were originally waste paper, are harvesting real money from other countries in the world and returning to the United States again.
But even so, the United States has only delayed the pace of domestic inflation, and the increase in US gdp simply cannot consume such a large amount of dollars. In order to stabilize the domestic chaos and maintain its position, the United States can only maintain its false prosperity by plundering others.
This is a standard robbery, which will turn the United States into a street mouse, but there is no other way for the United States to go now, and the final victims are those countries that rely heavily on US dollar foreign exchange.
Vietnam is one of them.
The flood in the United States directly led to the economic crisis in countries such as Brazil and India, which are extremely dependent on US dollar foreign exchange. However, their advantage is that although these countries devalue their foreign exchange reserves because of the massive release of dollars, they also have a large amount of dollar liabilities, and it is acceptable to hedge each other.
Large-scale water release in the United States stimulated the economy, leading to a large number of dollars returning to the domestic market. Those who need dollars for investment and construction will find that there is no money available, and low foreign exchange reserves will make all this worse.
Vietnam is a typical example. Its economic take-off has really attracted many people's attention, but all this is formed by a large amount of foreign debts in dollars. Vietnam's foreign delivery is mainly in US dollars, but now the continuous release of US dollars will inevitably lead to more US dollars that Vietnam needs to repay than borrowed in the later period. As a result, the Vietnamese finally got a good situation and was looted by the United States.
If Vietnam has more foreign exchange reserves and there is still room for manoeuvre, it is impossible for the United States to continue to release water, and there will always be a bright future after the end. But now Vietnam has only $600 billion in foreign exchange reserves, but its debt is $654.38+030 billion, which makes it very difficult.
Vietnam also lacks corresponding high-tech industries, such as the fastest-growing mobile phone industry, which is basically controlled by foreign capital. Once the United States releases a large amount of water, these foreign capitals will leave Vietnam, which will directly lead to the loss of motivation for Vietnam to continue to develop.
At that time, the continuous injection of foreign capital was also optimistic about the real estate industry in Vietnam, which made the real estate there prosperous. Who would have thought that the per capita gdp is far less than the prime location in China, but the real estate price is almost the same as that in China?
With the release of the dollar, these hot money will inevitably leave, and the end of the Vietnamese real estate speculators is doomed, leaving them with a chicken feather.
The tragedy of Vietnam is that this country is too small and too dependent on US dollars for delivery. The massive injection of dollars will greatly boost its economy and make its gdp soar. But once the dollar leaves, everything will be gone.
Therefore, China has long seen this and attached great importance to foreign capital supervision. China has a huge foreign capital reserve and a huge economy, and even if the outside world is turbulent, China will spare no effort to counter it.
However, Vietnam is weak, and the current economic scale only borrows the east wind of global development. Once this failure, Vietnam is likely to go back 30 years. Southeast Asian countries were plundered by western countries more than 20 years ago. Will this history repeat itself?
Although Vietnam is weak, small countries also have a way to survive.
Trade between Viet Nam and China is very close. Once the US dollar was found to be in trouble, Vietnam and China immediately started the RMB model. So we say the boat is small and easy to turn around. Embrace the big tree of China. The RMB is so strong now that it will naturally be safer than the US dollar.
Of course, there are some problems in this way, and the use of RMB settlement will inevitably make Vietnam enter the blacklist of the western world. But even so, it is better than letting domestic inflation and economic contraction continue.
Vietnam has come this far because of its own mistakes. If it wants to use dollars to achieve economic take-off, it must have the courage to be severely cheated by Americans. However, compared with being at a loss many years ago, the Vietnamese government has changed really fast. It immediately opened up the RMB settlement method, which protected the domestic economy to the maximum extent.
How to counter the American financial harvesting model? China is a good example. China has abundant foreign exchange reserves, so it is difficult for any short seller to challenge China. The battle of Hong Kong's financial market showed the world the strength of China.
China also realized the consequences of over-reliance on the US dollar, so the internal economic cycle began. China is also the only industrial country with various industries in the world, and the price war among countries in the world during the epidemic period has no influence on China.
We have always said that China has too many foreign exchange reserves, but the money can really save lives at a critical moment.
What's more, the pace of RMB internationalization has never stopped, and we have been striving to establish a new financial settlement system with RMB as the core.
The international credit of RMB is getting stronger and stronger, while the credit of US dollar is declining. As a result, the pace of RMB internationalization is bound to be faster and faster.
Let's study the current financial problems in Vietnam. The fundamental reason is that our country is weak, although we are aware of our own problems. Settlement in RMB can also reduce the crisis. But the fundamental problem cannot be changed. Unless its so-called "Vietnamese zhina Federation" can be formed.
It is uncertain whether Vietnam will follow in India's footsteps. But judging from the current situation, he is likely to become the second India.
The example of Vietnam has also sounded the alarm for many small countries with few people. There is nothing wrong with economic development, but relying too much on the United States will inevitably be tied to the American chariot. If there is anything wrong with this chariot, then these countries will be tied to it first.
The root cause of this crisis in Vietnam is the real estate and stock problems caused by the big dollar release. The country is too weak to solve this problem. In addition, its dollar foreign debt is too high and its dependence on foreign trade is too strong. Can only bear passively.
In this case, the Vietnamese people are undoubtedly the most painful. If Vietnam can't find a suitable economic development strategy, I'm afraid a bigger disaster will come.