The Rebirth of the Financial Hegemon

A week later.

USA, New York City.

Ben Bernanke, President of the Federal Reserve Bank of New York, accepted an interview with the media at his resignation press conference.

“According to Labor Department statistics last month, nonfarm payroll employment increased by 196,000 people.

The unemployment rate held steady at 3.8%, in line with expectations.

But wages increased by 0.14% that month, lower than economists' expectations of 0.3%.

That brought wages up 3.2% year-on-year, the slowest rate of hourly wage growth since September last year.

The rate of wage increase is one of the important data for inflation.

........

Judging from the signs, the inflation rate is expected to decline.

Therefore, the Federal Reserve does not rule out the possibility of lowering interest rates in the future to prevent US economic growth from slowing down. "

This is a heavyweight.

Ben Bernanke, American economist.

Born on August 13 in Augusta, Georgia, USA. He received a BA from Harvard University in 1975 and a PhD from MIT in 1979.

Bernanke taught at Princeton University for 17 years and served as chairman of the economics department.

He has been a visiting scholar at the Federal Reserve since 1987. During this period, he worked at the Federal Reserve Bank of Philadelphia in 2007, the Federal Reserve Bank of Boston in 2008, and the Federal Reserve Bank of New York in 2008 and 2016.

There is news that Ben Bernanke will become a governor of the Federal Reserve after leaving the New York Federal Reserve Bank.

This is a very important position.

This means that Ben Bernanke will have the right to vote on the Fed's interest rate decision.

In the field of American economics, Ben Bernanke is recognized as the best economist after economic czar Alan Greenspan.

Some political research teams believe that Ben Bernanke is likely to be one of the candidates for chairman of the Federal Reserve after Greenspan leaves office.

Immediately afterwards, it seemed to confirm various rumors.

Federal Reserve Chairman Greenspan, who has always been so ambiguous in his words that even women cannot understand his thoughts, revealed it in public.

There is still the possibility of a slowdown in the U.S. economy, and the price index has almost remained at the same level in the past three months.

Greenspan also joked.

It cost him $1.20 to buy a hamburger three months ago, and now, it's still the same price.

This means that the growth rate of the US economy has stagnated.

Therefore, the Federal Reserve does not rule out lowering interest rates at next week's interest rate decision to ensure the growth of the U.S. economy.

Economic Czar, Alan Greenspan.

What this name represents is the Federal Reserve System of the United States and the central bank of the United States.

Anyone can be president, but as long as Alan Greenspan is chairman of the Federal Reserve.

This sentence alone shows how powerful Grispan's influence is.

And Ben Bernanke is known as the next Alan Greenspan.

The influence of two such important figures speaking is self-evident.

same day.

Global financial markets immediately experienced changes.

Hong Kong, Jushi Capital Trading Department.

In the central trading area, five giant LCD monitors hang.

All are monitors up to eighty inches tall.

On these huge monitors, trend charts of the world's major financial markets are arranged in rectangles.

Dow Jones Industrial Index, Nasdaq Index, Nikkei Index, Thailand SET Index, U.S. Dollar Index, Japanese Yen Index...

US dollars to British pounds, US dollars to Japanese yen, US dollars to Thai baht...

The trend charts rise and fall like an electrocardiogram.

The market prices of these various financial contracts are flashing data that cannot be counted with the naked eye.

USD to GBP, 0.6432, 0.6428, 0.6395...0.6291, 0.5978.

US dollar to Japanese yen, .685...518...

US dollars to Canadian dollars...

Dow Jones Industrial Average,,….

Nikkei Index.

.............................

Thailand SIT Index.

,…….

US dollar index.

..180……..

The currencies of various countries that have been in a depreciating range recently continue to rise.

Japanese yen, Canadian dollar, pound...

Almost all currencies are climbing in value against the US dollar.

Dow Jones Industrial Average, Nasdaq.

After jumping into the air and opening high, they are still attacking upward.

However, the U.S. dollar composite index continues to decline.

All because of the remarks of Alan Greenspan and Ben Bernanke.

Even if it is just unconfirmed remarks.

Cut interest rates, the Federal Reserve may cut interest rates.

On the big screen in Jushi Capital's central trading area, the global financial market quotations are jumping rapidly.

Zhao Jiangchuan sat in the middle position, observing the fluctuations of major markets.

His face was very calm, as if he was completely unaware of the commotion outside.

After a long time.

The corners of Zhao Jiangchuan's mouth turned up in an arc, and there was a hint of sarcasm in his eyes.

He doesn't even have to guess. Financial experts from various countries will jump out tomorrow to explain why the expected U.S. dollar interest rate cut this time is different from the last market reaction.

It's like a stock market going up.

When prices rise, there are always various benefits.

When prices fall, there will inevitably be various negative consequences.

It's like the stock market rises and falls due to various good and bad things.

The degree of coincidence is as real as reality.

The last time the U.S. dollar cut interest rates, the value of the U.S. dollar continued to rise.

In just two months, the U.S. dollar index rose from 79 points to 97 points.

This time, the interest rate cut is also expected.

The US dollar has shown a downward trend.

96.789.

The U.S. dollar fell more than 1 percent.

It was the biggest one-day drop in two months.

The last time the Federal Reserve cut interest rates, the logic of a stronger US dollar was that the release of US dollar liquidity would boost the US economy.

As the U.S. economy strengthens, it is natural for the U.S. dollar to appreciate.

This time.

I'm afraid some people will say that lowering interest rates on the U.S. dollar will release the total value in circulation, expand the money supply, and depreciate is natural.

"Damn it, who said foreigners can't play chess? Hindsight is no worse than Chinese people."

Zhao Jiangchuan muttered to himself, his tone filled with unspeakable sarcasm.

The tactics the United States has used for decades have never changed.

But every time, it always works so well.

Because this is dollar hegemony.

Currency is the carrier of wealth, the lifeblood of the economy, and the core of the origin of all economies.

Kissinger said.

Whoever controls energy controls all countries.

Whoever controls food can control all human beings.

Whoever controls currency controls the entire world.

In the global monetary system, the US dollar is unique and truly number one.

That little piece of yellow-green paper makes people love and hate it at the same time.

Even Iran and North Korea, which want nothing to do with the United States, will step on it first and then pick it up after seeing the yellow-green piece of paper.

Licking the dust off, carefully put it in your pocket.

Now, just two people's remarks immediately ignited the global financial market.

All because they can influence the price of the dollar.