2. Federal Reserve: Greenspan 200 1 successfully "contained" the impact of the internet bubble on the American real economy and lost its way in an uproar. When adjusting the interest rate level, the Fed only considered the fact that the inflation rate did not rise. I emphasize once again that the rise of labor price was once the main source of inflation in the United States, but Greenspan, who was so confused, still focused on the inflation rate itself and the labor price index. In this way, he firmly believed that the interest at that time would not cause inflation and would not bring too much inflation risk, so there was no need to raise it at all. In this way, the Fed was trapped and began to adopt a low interest rate policy.
3. Consumers: If American consumers don't buy the account of financial speculators, then this conspiracy will not succeed. However, American consumers buy cheap products from China (American consumers are linked to producers in China)! But what if American consumers run out of money? This is the problem! Someone will discuss it with you Tell you what, I'll buy it for you first, and then you can pay me back monthly. What does this mean? If each earns 1000 yuan, it would take half a year to buy a big-screen TV with 6000 yuan. Now, with a stroke of a pen, you can promise to pay back 252.6 yuan every month for the next two years, and this TV can be moved home now. This extra $2.60 is interest, which you may find incredible. How can you pay a little more a month for a big TV with more than 6,000 yuan and endure it for two years? Yes, as long as the Fed maintains a low interest rate policy (American consumers are linked to the Fed). What are the direct consequences? That is, you can't wait to buy three more TVs now. Of course, a TV is enough. Then change your mobile phone and buy two more clothes. As a result, you find that your spare money is still much more than interest. In this way, the American people are addicted. From buying a car to buying a house, from buying home appliances to paying taxes, they cannot do without credit cards and consumer loans! Since then, a terrible bubble consumption has been formed, which has created the illusion that China's exports are booming.
4. Capital chain: However, there seems to be a neglected question, that is, who is this person who lent money to the American people? As ordinary people in China, you and I dare not borrow or refuse to borrow. However, international financial speculators still let China in! It even made China a scapegoat. Don't believe it. In an exclusive interview with the Financial Times on June 65438+1 October1,US Treasury Secretary Henry Paulson put forward the so-called "China Responsibility Theory", and an article by Federal Reserve Chairman Ben entitled "China's savings helped blow up the American bubble" also put forward the same view, attacking China as the chief culprit of the financial tsunami. Look at China's savings rate, which ranks first in the world! China people lend all their money to state-owned banks, which lend money to enterprises. The RMB earned by enterprises is still in the bank, but the US dollar earned is forced to settle foreign exchange because of China's characteristic foreign exchange management system and remains in the national foreign exchange reserve! Most of the country's foreign exchange reserves are used to buy U.S. Treasury bonds, so the hard-earned money earned by China people in manufacturing cheap products in the United States is in turn lent to the U.S. government. The Federal Reserve does not raise interest rates, so the interest paid by the US government to China is extremely low. In order to avoid the high interest rate when buying China government bonds, the Federal Reserve began to operate in the open market. As a direct result, it injected funds into the American interbank market, thus giving money to the starving American people and completing the complete establishment of the capital chain from producers to the Federal Reserve and then to consumers. They are really great. Of course, China is not the only country that has been calculated, and the dollars earned by selling oil in the Middle East have returned to the United States in the same way. International financiers have plucked the hair of geese in this link and gained a lot of benefits. However, please note that this is only the beginning of the war!
After they completed the construction of capital chain, they began to deal with China, Russia and the United States in turn.
1, Russia: Take Russia, a socialist country, as an example. Its congenital defects in economic decision-making have made international financial speculators find a breakthrough. The Russian National Development and Reform Commission, called the Ministry of Economic Development, made a plan at that time, hoping to become bigger and stronger through high energy prices and low international funds. As a result, unconsciously, under the manipulation of financial speculators, the energy price fell to 147 USD a barrel. On the surface, large Russian enterprises make money through energy export, but in fact, they obtain the equity of large Russian enterprises as collateral through international financial capital and low-interest loans to these enterprises. They don't know that it's all set up and the layout is so exquisite that you can't redeem these shares.
China: Of course, they didn't forget to trap another socialist country, China. They also raised the oil price to 147 USD a barrel, causing panic among the government and enterprises in China, and then encouraged PetroChina, Sinopec and Chinalco to buy mineral resources companies at high prices, and then encouraged China Airlines and Shennandian to sign unfair hedging contracts.
3, the United States: For the United States, they have no mercy. At that time, when Soros attacked the pound, he robbed money from the treasury of the Bank of England, the Central Bank of England. So, will these people who are ashamed of US President Barack Obama be soft on him and his people?
3. 1 For many years, they have set a trap for the people: if you have a house and mortgage it at a high price, you can have more disposable income to spend; If you don't have a house, I will attract you to borrow money from me to buy a house at a very low interest rate, although the house belongs to me rather than you before the interest is paid off; If you are not qualified to borrow money, then I will invite you to the urn with a subprime mortgage as high as $65,438 +0.3 trillion.
3.2 what they set for the enterprise is: build as many cars as possible and sell them to people who can't afford them, because I will provide them with loans; At the same time, I will sell the second, third or even fourth car to people who already have cars, because I will also provide them with a steady stream of loans. It led to the blind expansion of the three major automobile factories in the United States, which laid the foundation for the future closure.
3.3 They also set traps for banks and financial groups that do not belong to their own clique: I packaged these real estate loans, auto loans, subprime mortgages, credit card loans, and even loan loans into bonds, even subordinated bonds, and then made various derivatives to trap buyers. Of course, this also set a trap for foreign financial companies such as Bank of China, which bought Fannie Mae bonds, and thus set a trap for China Ping An, which tried to buy foreign financial groups.
At this point, they don't need to press the "nuclear button" themselves, because they are too familiar with the whole system, and they are too aware that someone will help them complete the last step. Now all they have to do is quietly put the money in their pockets.
Leave the market and quietly watch the illusion of prosperity in the American market burst.
Step 1: The Federal Reserve began to raise interest rates to control inflation, so borrowers of subprime loans began to lose their money, and the subprime crisis began. Individuals, companies, banks and countries that once bought subprime loans began to lose money, and the American financial crisis began to expand. China began to suffer. China government lost $376 billion in purchasing subprime loans, and Ping An Insurance lost 90%. . . . . . . .
Step 2: When they raised the oil price to 147 dollars a barrel, a black hand pushed the US Congress to investigate the oil price behind the scenes, so the oil price of 147 dollars collapsed, and then we waited for the Russian government to panic and nervously asked them to redeem these mortgaged shares at a high price. Waiting for the China government to pay for the acquisition of mineral resources companies by PetroChina, Sinopec and Chinalco at high prices, and then pay for the hedging contract signed by China Airlines, Shennandian and CITIC Pacific, China began to suffer.
Step 3: After the American financial crisis began to expand, American people's confidence began to collapse, and bubble consumption burst, resulting in a decline of 0.5% in the third quarter and 3.8% in the fourth quarter. The problem of overcapacity of the three major American auto companies has been exposed, and their operations are unsustainable. We must seek the support of the American government. China began to suffer. In the past, bubble consumption in the United States absorbed 35% of China's GDP, and now it has forced China's export manufacturing industry to close down on a large scale.
What I admire most about financial speculators is that they can get away with it. They don't even have to worry about playing with fire, because they know what the government is most afraid of, whether it is the US government or the emerging market government. So they don't have to worry about the collapse of the money market, because they know that the U.S. government will definitely pay to save the market and must lend them money to really save the market. This is because they know that the pensions of ordinary Americans are in the capital market, so the government wants to save them. They control most of the transactions, so they must lend money to international financial capital. For example, 95% of the $700 billion bailout fund has been used to subsidize financial institutions. Readers, this is the real essence of the US government's rescue of the market.
So you can understand why Lehman Brothers repeatedly applied to become a bank holding company and was rejected again and again. On the other hand, within a few days after the collapse of Lehman Brothers, Goldman Sachs and Merrill Lynch became bank holding companies, thus receiving huge direct support from the Federal Reserve. Look at this document compiled by Reuters (/article/bonds news/idus6557342007115), and you will be surprised to find that people from Goldman Sachs control all aspects of public institutions such as the US Treasury and the stock exchange, and also control large hedge funds and asset management companies. At the same time, we can see that the executives of Merrill Lynch, Citigroup and American International Group who have received capital injection are inextricably linked with Goldman Sachs.
In short, the crisis is an opportunity for international financial speculators, but it is an unprecedented threat and disaster for everyone else!