For example, the relationship between the US dollar and the RMB. For example, if the RMB appreciates and the US dollar depreciates, and China is the largest creditor of the United States, once the US dollar depreciates, China will lose a lot of money.
Question 2: What is a currency war? Currency war is a currency war in which countries maximize their interests through their own currencies, and the two most basic elements of currency are value and circulation. Countries want to play a game by controlling these two factors. When this kind of gambling intensifies, it can be said that it is a currency war.
In fact, the oil war was a grab for energy, but it is hard to imagine that in this war, the United States, as the largest energy consumer in the world, made a lot of money, but suffered a lot because of the development of China. One of the important reasons is the dollar pricing mechanism of oil. Officials believe that due to the dollar pricing mechanism, America's own economic crisis may be passed on to other countries, and so it is. The United States is only responsible for printing banknotes in the world, and other countries are responsible for production.
So there is a saying that oil is priced in multinational currencies, such as the euro, but it has not been implemented at present.
Question 3: What is behind the currency war? In today's world, the essence of competition is the competition of comprehensive national strength of economy and science and technology.
Question 4: What does the currency war show? History and matter
Question 5: What was the currency war in Song Dynasty? If we want to talk about the currency war in the Song Dynasty, we have to start with the single-source alliance.
Speaking of "Yang Jiajiang League", we think of unequal treaties and. Everyone knows that the tragic death of Lao Yang's "seven sons went to six sons" was caused by the girls. Finally, Emperor Raul was afraid of death and signed a peace treaty. He mentioned the "Alliance" with the Han people, which felt like mentioning "treaty of nanking".
There are roughly two articles in The Temple Alliance:
First, Liao and Song Dynasties are brotherly countries. In the future, whoever has an older emperor will be his brother.
Second, the Song Dynasty provided Liao with silver10.2 million and silk 200,000 horses every year. The two sides conduct free trade.
First, today, this is not only unequal, but also fully in line with the purpose of the United Nations.
Second, the Han people scold unequal treaties mainly because of this second article. However, we should be clear about the game in our hearts. What is the concept of "100,000 taels of silver"? Dasong's income is 120 million yuan. During the Song and Liao wars, the annual military expenditure was 50 million Liang.
The key lies in the second paragraph of article 2, that is, the two countries start free trade.
This "new year's coin+free trade" is too powerful.
Besides selling sheep and horses, what trade basis can Daliao have? Almost none of his products were exported to Song, and every commodity in Song was needed by Liao. At first, Liao also sold some horses. Later, I found that there were more and more cavalry in the Song Dynasty, so I dared not sell horses any more. Xiao Taihou ordered whoever exported horses to kill the whole family. As a result, border trade has become a huge one-sided deficit with the Song Dynasty from the beginning. By the end of the year, all the old coins collected by Da Liao were earned by Da Song, and they still have to be returned every year.
From an economic point of view, New Year's money is more like the financial subsidy that the central government supports the border construction today.
Da Liao didn't understand the economy, and then he simply stopped issuing money. Anyway, it was not recognized by the people when it was sent. Even the Emperor Liao himself felt that only the money of the Song Dynasty was the real money.
The currency war that strangled Liao Lao's life quietly began.
As a result, there was no war between the two sides for a hundred years, and the wealth of Da Liao was continuously imported into Da Song through currency wars. The spread of advanced culture in the Song Dynasty penetrated into every pore of the Liao Dynasty.
When Jin destroyed Liao, Dasong fought with Jin and found that he could not beat Jin, so he ran to the south to continue the currency war with Jin. Daikin didn't know what to do, accepted the rules of the game of "old currency+free trade" and gave up the right to issue money. The currency of the Great Song Dynasty continued to be used throughout the country. As a result, after a hundred years, Daikin was exhausted.
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In today's collection of ancient coins, it is difficult to find copper coins from Liao and Jin dynasties. On the contrary, the copper coins of the Song Dynasty are of good quality, many styles and cheaper in quantity than those of the Qing Dynasty, which is the relic of the currency war that lasted for 300 years.
When Mongolia invaded the south after destroying the gold, Minister Dasong refused to negotiate peace and insisted on PK Mongolia. As a result, the history of the Han nationality went into darkness.
Studying the history of the Yuan Dynasty, in fact, the Mongols originally wanted to continue the game of "New Year's money+trade" with Dasong, but the price was higher than that of gold, and the price was higher. It's a pity that the coins were made in the Song Dynasty. ! !
Emperor Dasong actually mastered the financial power of the north by minting coins. The surplus value of raw materials and labor in the north is continuously imported into the south through free trade and the use of coins in the south in exchange for goods in the south. This spectacular currency war between North and South lasted for 300 years.
Different from today's currency war between China and the United States, the situation at that time was equivalent to the fact that the United States gave up the US dollar today, and all domestic RMB was used to trade freely with China. China goods and RMB poured into the United States rapidly, and the result was self-evident decades later.
This interesting history of currency wars 1000 years ago is little known and worth pondering. Historians of later generations always think that the rapid corruption and decline of Jin and Liao dynasties is caused by the psychological Han nationality and physical feminization of Jin and Liao rulers. As we all know, the economic hollowing out is the root cause of the empire's growing weakness.
Question 6: Is the value of Currency War comprehensive? Not all of what he wrote is true, but some of it is made up by the author. These secrets are all sorted out by the author according to real-life materials, and then some of them are exaggerated. The purpose of publishing this book is to reveal the truth about the development of world currency, especially to change the world's view of the United States.
When Mr. Song Hongbing's "currency war" was asked about the market, it immediately aroused the hot discussion of many media, and also attracted the attention of the relevant ministries and commissions of the country, especially the heated debate in the financial and academic circles. Recently, under the joint organization of China Business News, CITIC Publishing House and Shanghai Lin Ruo Network, Mr. Song Hongbing came to Shanghai to give a speech with Currency War and had a dialogue with some scholars and business people in Shanghai.
Is there any way to protect the money we earn?
At this small forum, Song Hongbing pointed out: Many people don't know that the Federal Reserve is a private institution. Regarding the understanding that "the central bank itself is neutral, mainly to ensure the independence of monetary policy", Song Hongbing put forward his own view that whoever owns the central bank will control the financial market. The Fed has a lot of insider manipulation.
Song Hongbing said that the Federal Reserve is responsible for the entire distribution system in the United States, which actually affects the world. It is completely independent, not responsible to * * * or Congress, and no one supervises and examines it, that is, there is a fourth power on top of the three powers. If someone can control the issuance of money, then the basic concept of financial market is problematic now.
In the United States, it is not the Federal Reserve that reports to the President, but the President should report to the Federal Reserve. The power of the central bank is greater than that of the governor to some extent. There is a problem with such a system. First, conflicts of interest. Commercial banks are the main driving force for the establishment of the central bank. At that time, commercial banks controlled the Federal Reserve. When formulating monetary policy, these people are the ones who really make strategies. They know about policy changes earlier than market participants, and the foresight of interest rate policy changes gives them various opportunities to make money. The second is fairness. If commercial banks use their own money to issue money, it does not pose any problems, but in fact, banks issue money with national debt as collateral, and national debt is a promise of future income, which involves issues of fairness and moral hazard.
During the Bretton Woods system, the dollar was linked to gold, and its value was very stable. From 1930s to now, its actual purchasing power has dropped by more than 90 times. From 1970 to the present, especially in the last ten years, its purchasing power is getting weaker and weaker, and all the scalpers who make dollars on the black market are laid off, which is also the process of accelerating the depreciation of the dollar. American real estate has also risen sharply recently. In the 1970s, the price of a $60,000 house is now $400,000, and the intrinsic value has not changed. In fact, money is worthless. Now, like the US dollar, the purchasing power of RMB is declining rapidly.
In the past ten years, the depreciation of the dollar has accelerated. If the national debt is mortgaged in the future, the purchasing power will inevitably decline. The two results of inflation are the decline of purchasing power and the redistribution of social wealth. If we understand such an operating mechanism, what should we do? Is there any way to protect the money we earn?
Song Hongbing said that according to the current currency circulation, the savings currency cannot rely on interest to offset inflation. The financial system benefits the most from inflation. The central bank is printing money. Only 3% of the dollars in circulation are currency. There will be more and more credit money, not paper money. For example, if you deposit 100 yuan in the bank, the bank can expand it to 190 yuan for loan, and the bank is equivalent to printing money. Industries closer to the banking system and those that borrow the most actually gain the most, while those that don't seek bank loans at all lose the most. In fact, they transfer the wealth from the people farthest from the banking system to the people closest to the banking system.
People should understand the current financial system. Money and wealth are not exactly the same. Having wealth means that you have products and services. Having money itself does not mean having the same amount of wealth. Money and wealth are not exactly the same concept. When you receive money, don't be confused by the amount of money. The most important thing is to look at the products and services you have.
RMB depreciates against real estate, why does it appreciate against the US dollar? Because the dollar depreciates more, from the perspective of wealth, the RMB is actually depreciating. There are bubbles in RMB, USD and stock index, that is, the expansion of academic assets. Serious bubble problems will lead to overvalued problems such as real estate, so we should look for undervalued places.
The most stable and effective indicator of inflation is the price of gold, including >>
Question 7: What is the main content of the currency war? 5 minutes 1 tells the ups and downs of international financial groups and their spokespersons in the world financial history, reveals how the competition of money dominates the development of western history and the distribution of national wealth, and reproduces the means and results of political, economic and financial struggles of elite clubs that rule the world. Designed to warn people against potential financial shocks.
What will be described is the formation, development, exclusion and conflict of major financial forces in Europe and America. A systematic analysis of the operation and decision-making mechanism of the leading forces behind the scenes in today's world reveals the mystery of the "international bankers' club" that rules the world for the first time, and the exciting story shows the subtle relationship between the leading financial power groups in today's world in a panoramic and three-dimensional way.
As long as you are determined to read, you'd better start reading from the first book. Insist on reading the first book, the rest are good-looking. After reading four books, it's the best, and I'm sure I'll benefit a lot. If time is limited, you can read whichever book you want. The impact is not great. Persistence is the most important thing.
Question 8: Is the currency war true or false? You might as well treat it as a novel. Modern civilization pays attention to well-founded remarks, but the book is full of conspiracy theories, citing many facts that have long been denied, and putting forward a bunch of specious views. This book is a joke in western countries with transparent information.