Text/Liu Yanbo Why I say this is because the reality is like this. As a world currency, the US dollar is a relatively recognized currency in international settlements, sometimes even the only one. However, as society changes, people also change. Our Uncle Sam is no longer as honest as before, so we see what we don’t want to see. It is now said that the US dollar is kidnapping the world.

Many people don’t know much about the US dollar. If we want to really know what is going on, then we have to start with the formation of the world currency. When it comes to world currency, then we have to pay attention to the world's first sovereign international reserve currency, the British Pound. The emergence of the pound shows how powerful the empire was once, and it is this super comprehensive strength that determines the hegemony of the pound. But that was the glory of the past.

A war between Britain and France determined Britain's global status. It was also this war that caused the pound to bid farewell to its monetary hegemony that had dominated for more than 100 years. The two world wars caused Britain's overall national strength to continue to decline, but the cunning Uncle Sam made a fortune from the war. From then on, the US dollar should be supported by the government, thus becoming one of the few "strong currencies" in the world.

Even if we dislike Japan, our country, they are still worth learning from economically. After the U.S. dollar became the big brother, Japan was not willing to be lonely, but the big brother is the big brother after all. The younger brother wanted to be independent, but was ruthlessly pulled down by the older brother with the "Plaza Accord". In this way, Japan's international yen The dream was shattered. If the second challenge fails, then the U.S. dollar’s ??world dominance will be very stable.

Now, we have to admit the hegemony of the US dollar. Everyone knows that the shopkeeper will start to make false accounts at some point. And Uncle Sam is such a shopkeeper. But now Uncle Sam is much more than just the shopkeeper. Americans are very smart in doing things and supported the US dollar from the beginning. So because they have a strong real economy and virtual economy as the backing, the US dollar has become the international reserve currency.

But what we didn’t discover is that Americans are doing something interesting. He is the one who prints banknotes, and everyone uses the banknotes he prints. If someone wants his money, he has to exchange it for goods. By the way, we also found that everyone recognized the banknotes he printed, as if his banknotes were the most authoritative in the world, and in fact this was the case.

However, now we will find that our banknote issuers have begun to mess around. They think they are banknote issuers, so they print more banknotes, and then we find that the US dollar has flooded the world's currency. The market is like this, and we have no choice. This system is difficult to break. Because the US dollar is the international reserve currency, this alone makes other countries in the world speechless. From this, we will discover how insidious and cunning the Americans are. The international reserve currency means that every country sets the currency of its foreign exchange reserves as the U.S. dollar. If one day the Americans are provoked and they devalue the U.S. dollar, the foreign exchange of other countries will shrink in a large area. In this way The result is something no one wants to see.

Then this is just one-sided. If you know the following, you will find out how the US dollar controls the world. Americans also like to be in debt, because Americans have found that the higher their debts, the faster their economic development will be, so Americans began to issue unlimited amounts of U.S. dollar currency, that is, unlimited issuance of debt. Said that Americans used dollar debt to create the growth of the US economy. In the late 1970s and early 1980s, the United States became a debtor nation.

Then the creditor countries relative to the United States are kidnapped. They hold a lot of U.S. dollars and must maintain the development of the U.S. economy. If the U.S. economy collapses one day, then their creditor rights and reserve currency Isn’t it all over?

The more I talk about this, the more angry I get. So let’s support our central bank governor Zhou Xiaochuan. I support the “super-sovereign reserve currency” proposed by him. In this case, no country will use it. Sovereignty comes to intervene in currency. The European "Euro" is a typical, or more accurately, micro "super-sovereign reserve currency". It can be seen that the "Euro" has very strong vitality.

I am very interested in the economy and look forward to the day when the "World Yuan" appears. Maybe that will also be the time when we win.