Reflections on the currency war 1
After reading Currency War edited by Song Hongbing, I feel that I am looking at the past, present and future of the world from a brand-new perspective. Excited, impressed by some ideas put forward in this book. Here I quote Xu Lin, Financial Secretary of the National Development and Reform Commission: It is thought-provoking to interpret modern western history and financial development history from the perspective of currency game, deduce and look forward to the future global pattern display perspective, and challenge the traditional monetary mechanism.
Money is the lifeblood of a country, and people are inextricably linked with money. It directly affects the lives of ordinary people. Currency devaluation will reduce our quality of life and directly cause soaring prices. Finance in the new century is a war at home and abroad.
By reading books and understanding the current reform, we can see such a phenomenon. It is by controlling political power through money that it is easier to exploit a country's economy and resources. What are the differences between foreign banks after they fully enter China? At present, China's monetary finance is still in a relatively backward stage, and it can't directly confront the western financial oligarchs. If China wants to get rid of the passive situation, it must gradually establish and improve China's financial system, strictly control the right to issue money, gradually improve the international status of China's RMB, and make China's currency one of the main manifestations of wealth. This is the ultimate way out for China. At present, we should go our own way, strengthen the gold reserve, strictly control the right to issue currency and financial securities, and ensure the stable development of the financial market. At the same time, actively strengthen external operations, acquire assets of foreign banks and expand rapidly, and grow rapidly in fierce competition. If overseas expansion and expansion are blocked, China might as well handle the operation of foreign banks in China according to the principle of reciprocity. From reading the data, we can draw a conclusion. The difference is that in the past, although there were banks in China that promoted asset inflation to make profits, they definitely tried to maliciously create money to wash away people's wealth. China is backed by a powerful national central bank, which is beyond their power.
The financial capital forces have a very long-term plan to establish a financial system that controls the world, a system controlled by a few people and capable of leading the political system and the world economy. History has proved that lenders will use money and control the issuance. Whether the currency is strong or not has become the earliest feature of a country's rise and fall. Money is a commodity, which is different from all other commodities in that it is a commodity promised by every industry, institution and individual in a society, and the control of currency issuance is the highest form of all monopoly. After reading this book, I have a new understanding and role in the concept of money. The book focuses on the core issues in the economic field, such as currency issuance rights and gold (silver) standard. The privatization of the right to issue currency has made people of all countries bear increasing national debt and depreciating legal tender. In order to increase the amount of national debt and obtain higher interest income, financial capitalists did not hesitate to provoke World War I and World War II and made a fortune.
Generally speaking, this book helps the people of China, especially the elite, to understand the development history of western finance, raise their awareness of financial prevention and inspire their patriotic enthusiasm.
Reflections on the Second Currency War
Today, I finally finished reading Currency War written by Song Hongbing. I was stunned by the plot in the story, and I felt a little shudder, just like the feeling of a bucket of ice water dripping from head to foot in winter. If this is a thriller, director Song Hongbing has achieved the perfect effect. Judging from the plot design of this book, this book is definitely a Hollywood blockbuster, which will definitely make you read it in one breath.
After reading it, my biggest feeling is that the world itself is a conspiracy, and our stock market is a conspiracy lie. The money in my pocket now is only the product of the liquidity of American export currency. One day, the hateful Yankees will take the eyes of most people in the world from my pocket without bloodshed ... but I really learned a lot from it that I didn't know before:
Currency War combs the history of the formation and development of the world financial oligarchy from a historical perspective, traces the role of the world financial oligarchy in major economic, political and social movements and its damage to the social economy, proves the profit-seeking nature of financial capital, and analyzes the ways in which financial capital uses the right to issue money to create inflation and deprive the general public of wealth.
The currency war reveals how the struggle for currency has dominated the development of western history and the distribution of national wealth. This book aims to warn people against potential financial attacks and prepare for a bloodless war by reappearing the means and results of elite clubs that rule the world in the political and economic fields.
With the full opening of China's finance, international bankers will go deep into the financial hinterland of China. Will the story that happened in the West yesterday be repeated in China today?
The best-selling of this book only shows that it caters to the psychology of us orientals. For economy and modern finance, we can't understand various western laws and systems, but we envy their success in economic development. More often, we guess the development of the west through our own ideas. Just like the smoke wars in those years, we think it is caused by ghosts and gods. In our own imagination, we think that the West has developed so much that there must be elites. At the same time, due to several anti-Confucianism movements in modern China and the fantasy of Marxism after the founding of New China. Modern China is completely in an era of nihilism, where money is paramount and money worship is rampant. Of course, this may be a painful process for any industrialized country, just like Dickens' A Tale of Two Cities: this is also the best time and the worst time; This is the spring of hope and the winter of despair. People are more eager for money than anything else, and they are eager to get rich everywhere. The story that several big bankers controlled the world and made a lot of money in the currency war completely catered to everyone's mentality. Therefore, the story in this book is just the story of everyone's yearning for wealth.
Everything about China is not mentioned in the book, but there is no doubt that the author has repeatedly stressed that history is always a dramatic cycle again and again.
A very interesting and thought-provoking book is worth reading.
Reflections on Currency War 3
The currency war has aroused people's deep thinking and discussion on finance, and it has long been in the forefront of the bestseller list. After more than two years, in the fierce debate, I finished reading this unique book on economic history with curiosity and desire.
For me, a non-economics major, this book gives me the feeling that it is not easy to understand, just like a four-dimensional map. It is not that the content of this book is obscure, but that the mystery it reveals is hidden in the visual blind area of all beings. Observe the logic of financial oligarchy from the perspective of our daily observation of the world; They are often confused by their own illusions. The currency war has outlined the context of the financial kingdom created by oligarchs, but whether we can see the real picture of that kingdom is like looking at a three-dimensional picture. What you see will be shocking, and what you can't see will be at a loss.
As the name implies, currency war is a war launched by monetary means without smoke. At the beginning of the book, two wars are introduced, one is the battle of Waterloo, and the other is the British debt purchase war launched by the Rothschild family using the news of the victory or defeat of the war. Not all wars are smokeless, nor is money smokeless. 1820 American-British War, 1920 World War I, 1939 World War II, 73 Middle East War and bloody war are all directly related to money supply and currency crisis. In a sense, these wars are all currency wars. The war between the United States and Britain was for the right to issue money of the second bank of the United States. The first world war was to solve the financial problem that Europe could not get back. World War I and the huge war reparations imposed on Germany during World War I laid the groundwork for World War II. 1938+0920s Germany's hyperinflation and financial oligarchy's support for the Nazis made full preparations for the outbreak of World War II. The Middle East War in 1970s was an oil crisis carefully planned by oligarchs, with the aim of loosening the dollar. For the sake of currency, money is used to cultivate and provoke wars. Isn't this another currency war launched by oligarchs?
Whether it is a currency war with smoke or a currency war without smoke, it is a point and an independent event. What really connects these points is the war between gold and the dollar, or the war between honest currency and debt currency, which is the main line.
The whole book Currency War has been telling the story of European bankers growing up step by step from the19th century to manipulating political and economic trends and serving their own interests. For example, these consortia colluded with American officials to set up a private American joint committee, which deprived the American government of the right to issue money. When the government needs to issue currency, it must mortgage the future tax revenue of American citizens to the United States Joint Committee and borrow money from it, and pay huge interest for it. All the Fed has to do is print money and collect interest. In addition, several consortia jointly detonated two world wars, manipulated oil prices to obtain petrodollars, manipulated various international organizations such as IMF and World Bank, plundered the resources and wealth of third world countries, and even triggered many economic crises. Several consortia created a huge financial bubble by jointly raising the stock market and real estate prices of a country, and then pulled out to suppress the prices after reaching a certain height, which led to the bursting of the bubble and the bankruptcy of a large number of companies and people in this country, and then acquired a large number of high-quality assets at extremely low prices.
Reflections on currency war 4
With the rise of domestic housing prices, we are also moving towards inflation. What dominates this process? The Currency War I read two days ago has given me a clear answer, that is, the excessive issuance of RMB. Why is the RMB over-issued? The reason is very simple, that is, ordinary people take out their money in the future or even 20 years to buy a house. For the immediate vested interests, banks constantly transfer hundreds of thousands or even millions of banknotes to real estate developers, governments and first-hand landlords in the name of individuals buying houses, and these vested interests desperately scatter these banknotes to the society in order to achieve higher returns tomorrow. The temporary prosperity led to a sharp increase in the amount of RMB in China. Just look at the material world around us and you will know that it is still that house or that catty of pork. Things that used to cost 1 copper coins now need a gold coin to buy. This is inflation.
The book reveals the root causes of inflation: first, mortgage loans issued in the form of debt rather than in kind give some institutions the opportunity to do some irresponsible and indiscriminate monetary behavior; Second, part of the bank's reserve mechanism. Because the dollar is the advantage of the world currency, the Fed is suspected of issuing money indiscriminately. In the past, the United States used treasury bonds to issue dollars, which led to its own inflation. Now many countries have US Treasury bonds, which is equivalent to the US transferring inflation to other countries through treasury bonds. China is also a country with a large amount of US Treasury bonds. Therefore, China's inflation is also closely related to its trade surplus with the United States (the increase in holding US Treasury bonds).
Inflation will lead to two contradictory phenomena: the increase in the value of assets (such as houses) and the decrease in the value of other commodities (due to the increase in productivity). The increase in asset value just reflects people's insecurity about owning wealth.
In order to control inflation, the government can only find ways to keep the money in the hands of ordinary people in place. What shall we do? The answer is simple. Let these currencies nest in the stock market. As long as they don't leave the stock market, these surplus currencies can't raise the price of commodity currencies at will. So, at the beginning of this year, we saw the stock market rise as scheduled, and saw the scene of state-owned assets entering the rescue market after the withdrawal of foreign capital as scheduled. But how long can state-owned assets last? As an ordinary person, how to get through this difficulty?
The first thing is to do everything possible to keep the value of your currency. For example, exchange money for real estate or gold bars. Of course, if you buy a house in debt, you have to bear certain risks, because in the process of inflation, banks will soon raise the loan interest rate by a large proportion. Maybe you have to pay 5k today, and when you wake up the next day, you have to pay 1w every month.
Secondly, it is time for mankind to re-recognize money. People can't be slaves to money. Man should be the master of money, and money should serve people, not the incarnation of the devil. Mankind needs brand-new system, brand-new politics and brand-new culture. Turn money into a bird in a cage and serve mankind. People and money, people and power, power and money live in harmony, people-oriented society. A society that values righteousness over profit, justice and affection.
Facing the current economic situation, how do modern people survive in the ever-changing monetary policy and industrial environment? It is a question worthy of people's thinking.
Reflections on currency war 5
After reading Mr. Song Hongbing's Currency War 1 and 2, I finally got satisfactory answers to several big questions that I had long had in my heart.
First, what are the causes of inflation?
I talked about this topic with my roommates in college. At that time, I always thought that inflation was caused by excessive currency, ignoring the subtle relationship between the speed of economic development and currency issuance. At the reminder of Xiao Huang, I made a detailed analysis. No matter how fast the economy develops, the RMB should not rise from a dime a catty of wheat in the 1980s to one yuan a catty now, and it will depreciate 10 times in 20 or 30 years. Of course, people's wages have correspondingly increased from 40.50 yuan in the 1980s to two or three thousand yuan now. In this way, the increase in wages is still greater than the increase in prices. On the other hand, due to the development of the real economy, people live a relatively happy life, so people are still immersed in happiness. However, some economic data released recently tell us that the RMB is obviously overspent. "From 1997 to China, the amount of broad money (m2) increased at an average rate of 17.5%, with the highest speed of 29.4% and the lowest speed of 12.3%, and in most of the time (in the past), the amount of money increased. This is the data I found in an article by Dr. Liu Jiabai. According to the data released by the Bank of China in the news broadcast last Saturday, as of the end of September, the m2 of broad money supply in China increased by 14.8% compared with the same period of last year, higher than the 13.5% at the end of August and higher than economists' expectations. Obviously, this is much higher than the growth rate of gdp, so I think a large part of this is due to the excessive currency.
In addition, the flood of credit mentioned in the book should also be one of the reasons. Credit card consumption, which originated in the United States, is also very popular in China now, but we can think about it, which is tantamount to spending money in the future and overdrawing future credit, that is, moving future liquidity to the present and circulating with the existing currency in our hands.
Then there is the bank's partial deposit reserve system, which obviously doubles the existing liquidity. When you deposit 1 10,000 yuan in the bank, according to the current 20% deposit reserve ratio of large financial institutions, it is equivalent to the liquidity of 50,000 yuan in the market, which obviously affects the money supply.
Finally, there is the influence of foreign economy. In recent years, with the continuous depreciation of the sovereign currencies of peripheral economies, China, which has 3.29 trillion foreign exchange reserves, obviously holds a time bomb. With the depreciation of these foreign exchange, China will inevitably join the ranks of domestic export and trade depreciation.
Second, the impact of the economic crisis on China.
Since the reform and opening up, China's economy has made great progress and gradually participated in international economic and political exchanges. In recent years, due to the acceleration of the process of world economic integration, foreign economies have a growing influence on China. Frequent international trade and a large amount of international investment have flooded into China. Since the reform and opening up, China has accumulated 3.29 trillion foreign exchange reserves, which is equivalent to issuing more than 2 billion RMB to buy foreign exchange, and the proportion should be more. Let's take a look at the current situation in America. Because of the overproduction and issuance of financial derivatives, the global economy finally exploded. In order to cope with the subsequent economic crisis, the Federal Reserve, controlled by international bankers, has continuously introduced economic stimulus plans, putting hundreds of billions of dollars into the market, which is like sinking into the sea, but the effect is still minimal. On the contrary, inflation is getting worse and worse, hitting the already fragile dollar day after day. What's more, China happens to be the largest creditor in the United States. By the end of the 20th century, the total outstanding national debt of the United States had reached 14.79 trillion US dollars, accounting for 98. 1 1% of the gdp of that year. In a few years, it will be insolvent, the US government can apply for bankruptcy protection from the World Bank, and China 1 trillion national debt will become toilet paper. When the time comes, China will not only lick his wounds, but also wipe his ass for the United States, losing his wife and soldiers!
China should have been the leader in stimulating world economic growth after the crisis, and China is indeed working hard. However, some foreign conspiracy theorists accuse China of having difficulty in restoring its economy. As a member of WTO, China's original reasonable export products are accused of "dumping". Looking back at the high unemployment rate in those economies, we can imagine what conspiracy theorists who keep saying that China is "dumping" will do to take care of their people's anger if they don't blame China. We can imagine how high the unemployment rate will be if the United States doesn't send troops overseas. Just like the anti-dumping of solar panels in China, which is raging now, this is naked trade protectionism, and the trade protectionism that the WTO has long demanded to abolish has resurfaced in these so-called developed countries. It can be seen that frequent trade frictions with European and American countries after the economic crisis will definitely drag down China's economic recovery and development.
Third, how will the world economy develop?
World economic integration will be inevitable. Decades or even decades later, there will be a world central bank, a world government and a world unified currency. Now the World Bank, the International Monetary Fund and the United Nations are only their embryonic forms. At that time, the world will become a world controlled by a few elites, and we may still be wage earners. The existing 100 currencies in the world will be replaced by the unified currencies of regional economic organizations in the future, and will eventually develop into a unified currency in the world. The world will go through the same process as the EU, from the monetary agreement to the unification of economic policies, and finally to the unification of politics, which is simply an "expanded EU".
At that time, China will be subject to people and will no longer be an independent economy. What should we do?
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