The financial tsunami that originated on Wall Street in the second half of last year is another currency war accurately guided by bankers in the new century, but there is no smoke and blood in its form. Why did the United States inject $654.38+098.5 billion into banks? Why did you invest $65,438+0.10.5 trillion to buy treasury bonds and mortgage-related bonds? Because according to federal reserve act, during the economic crisis, the Fed has the right to issue money indefinitely and lend it to anyone without the approval of Congress. Previously, the Fed's loan program had increased its assets from $900 billion to 1.8 trillion. Bankers who have the right to issue money and the Federal Reserve can accurately control economic prosperity and recession, and own ordinary people's property at a fraction or one percent of the normal price, which is why the total size of subprime loans will reach 2 trillion US dollars, and half of borrowers have no proof of fixed income. Bankers consciously created and inflated the subprime mortgage bubble, and they burst the bubble, eventually forcing people who lost their jobs and had no financial resources to sell their assets cheaply.
By the end of March, the balance of China's foreign exchange reserves was US$ 6,543.8+US$ 095.37 billion, and the "shearing" action of European and American bankers was inevitably embezzling our wealth.