Wealth

Fortune Color Chapter 456 The Conspiracy of the Dollar

The interest rate policy has made the stormy Thai economy worse. In a way. It was the high interest rate policy that gave birth to the financial crisis in Thailand. The high interest rate policy further restrained investment and consumption. Exacerbated the economic recession. This resulted in a huge amount of non-asset of the Commercial Bank. High interest rates increase the debt burden of enterprises. Make enterprises turn to the international financial market for low-cost financing. Thereby further expanding the scale of external liabilities.

This year, Thailand's foreign debt reached 90 billion U.S. dollars. It is equivalent to 50% of gdp. in. Short-term foreign debt accounted for 60%. The foreign debt due from June this year to June next year alone is as high as 10 5 billion U.S. dollars. Fan Wubing listened to the economist's words. One side said to Boss Zhu, "When the interest rate in the United States rises, capital will be exchanged for U.S. dollars. Sell the local currency. Because there is no demand. The currency will depreciate if the exchange rate is fixed. The local government will use foreign exchange reserves to take over. In order to maintain it. The stability of the exchange rate. This kind of-depends on the amount of foreign exchange reserves. When all foreign exchange reserves are exhausted, the local government has only one choice. One is to seek the help of the International Monetary Fund and other countries. The other is to announce. Abandon the fixed exchange rate and implement free exchange rate. The explosion of Thailand’s financial crisis was based on the above-mentioned monetary economics principles. As a result, Thailand collapsed. The rate floated freely. Ask ImF for emergency assistance."

Boss Zhu nodded. Well. ImF is still the Americans in control of the power of speech this time. They probably did it too. "

"That's for sure." Fan Wubing nodded and said. "It was the same way back then. It's just that this time Soros and others charged into the battle. The Chinese came out with the help of ImF. It looked like a wolf in sheep's clothing."

Under the financial power of the United States. Of course, the US-led ImF will ask for loans that are beneficial to the United States. Forcing foreign countries to accept such demands without exception is the economic colonization of the US dollar. For example, complete capital control. Abandoning banks’ restrictions on foreign investment, etc., is essentially abandoning currency sovereignty. Thus, the currency of other countries has become a subsidiary currency of the US dollar. The economy became a colonial economy of the dollar.

South Korea is the most obvious one.

At that time, South Korea was the eleventh economy in the world. Under the need of US geostrategy. The United States has retained a large number of troops in South Korea. The exhibition in South Korea is regarded as a symbol of Asian growth. And South Korea has 25 billion U.S. dollars in foreign exchange reserves.

Under the threat of the Bank of Japan’s decision not to postpone South Korea’s tens of billions of loans, South Korea offered ImF a rescue. to this end. Officials from the U.S. Treasury Department and ImF prepared the largest emergency financial aid in history of 55 billion U.S. dollars. But the premise is that South Korea must commit to economic reforms.

certainly. These conditions are extremely harsh. As for the Korean people, they would rather sell gold ornaments. It is also necessary to support the country's refusal to accept ImF's assistance.

As a result, the South Korean government, which could not bear the pressure, finally decided to fully open the financial industry to foreign capital. Allow foreign capital to enter the securities banking industry. Liberalize the foreign exchange market.

President Nepal said that the Asian financial crisis was a conspiracy led by the United States to carry out a financial war against the country.

Six years later. Thailand paid back the US$12 billion loan from the International Monetary Fund ahead of schedule. However, the loss caused by actively devaluing Thailand in order to repay the money is still incalculable. Thai Prime Minister Thaksin Shinawatra stood solemnly under the Thai flag. I vowed that I would never ask these international bankers for any more "assistance." Even encourage Thai companies to refuse to repay the debts they owe these bankers.

The result was a coup in Thailand three years later. Thaksin was ousted. Go far to England.

Fan Wubing—when he thought of this question. Can't help but sigh. It is true that a weak country has no diplomacy. There is no one in a weak country. If it weren't for Hong Kong to return to the motherland. With the full support of this powerful political economy. I am afraid that it will inevitably follow the mistakes of Thailand. Was captured by Soros and others and then defeated. Forced to accept the American ImF domination.

Of course. In fact, in history, Soros and others have also succeeded in messing up the Hong Kong stock market. The Hang Seng Index was beaten from 18,000 to 6,000.

This time because of his own help, although Zhizhi also experienced a short plunge. But now it is finally stable at around 12,000 points, which is still affordable. At least after the hot money leaves. The Hong Kong stock market can return to normal.

And among the stocks this time. Chinese-funded institutions support the market by repurchasing shares. It is also very good for them. Actually picked up a lot of chips. Both took care of face. Take care of the lining again. Usually there are few such opportunities.

Fan Wubing said to Boss Zhu. "Now the whole world is working for Americans. The Americans are using the dollar to depreciate and rise. The financial crisis is exported to Asia. Through the dollar, the wealth of a country can be instantly melted away without blood. Regime change. The lessons and enlightenment of the Asian financial crisis, which was triggered by the depreciation of the Thai currency, should arouse our thoughts and precautions."

It can be said. It is the excessive dollar that produced

Opportunity and America|Using the nature of capital to seek profit. Using gold to implant economic colonialism in Southeast Asian countries. Also make dollars. Knife weapon. Through speculative capital such as Soros as a medium. Killed to any corner of the world.

Under the financial hegemony of the US dollar, if countries with current account surpluses do not increase the foreign exchange reserves of US dollar assets. It is possible to be attacked by speculative capital in US dollars and cause the collapse of the local currency.

This is why American strategists are doing everything possible to force other countries to relax foreign exchange controls. The reason why the free flow of capital is allowed. In other words. The threat of speculative capital attacks exists only under the free flow of capital. Non-US dollar economies have continuously increased their foreign exchange reserves. We will continue to invest foreign exchange reserves in the United States. Exchange for assets in the form of U.S. dollars.

This is also an important reason why the foreign exchange reserves of later countries will pass the two trillion U.S. dollar mark. For nothing else. It is because of the financial crisis in Southeast Asia that Americans have seen tricks played by Americans. That's why there is a sense of alertness.

Although China is increasingly trading relations with countries around the world. It is inevitable to accept the free flow of capital. In this case. Hot money flowing into China may exceed hundreds of billions of dollars at any time. Once they get into chaos. The shadow is still very large, so China needs enough foreign exchange reserves to cope with various crises.

Even if I know that this large amount of foreign exchange reserves will only make Americans cheaper. But there is no other idea. Unless it is to wipe out the Americans from the earth. This can be considered a hundred.

Of course. In addition, there is also a capability. It is to change the international financial system dominated by the U.S. dollar. But it is very difficult to do so. Because the interest factors involved are difficult to change.

Fan Wubing said to Boss Zhu. "From another perspective. Any crisis, including the threat of war, will have such an effect. That is, the United States is a relatively safe investment paradise. The US dollar is a safe haven for world savings. From past experience, the United States has never been born in its homeland. Large-scale competition with foreign countries. The economic situation is relatively maintained at a stable growth trend. This results in a relatively high risk-adjusted expected rate of return. This has led to a disproportionate increase in global demand for US assets. Historical experience has strengthened investors’ interest. This illusion. Therefore, the United States is keen to continuously create crises. It constantly uses crises to continuously drive the flow of dollars to the United States. This has created such a situation. The United States is firmly holding the commanding heights of finance. The United States continues to use the dollar. Asia and other emerging economies. Continue to produce goods to supply the United States in exchange for a dollar surplus. Reinvest in the United States. Financing the United States’ current account deficit. The United States has actually become the ultimate lender and ultimate consumer. This is the phenomenon of the so-called poor countries feeding the rich countries."

Boss Zhu nodded. I think so. He is economical. He has a very deep insight into this set of doorways. And this time the Southeast Asian financial crisis has deepened his understanding of the United States' economic manipulation. Fan Wubing said so at this time. It made him see more clearly the various difficulties that China may encounter in the implementation of a market economy.

Asian countries are net oil exporters and emerging countries in Latin America. Without exception, they have become blood transfusion recipients financing the United States. Become a victim of the dollar colonial strategy and a sacrifice of the dollar knife.

These countries. On the one hand, they hold huge US dollar foreign exchange reserves. On the one hand, they have to bear the exploitation of the depreciation of the dollar. Facing the growing foreign debt and the payment of interest. The United States is inherently inclined to increase the dollar. Devalue it. Reduce its external debt to reduce debt servicing costs. This is a secret loss for the reserve countries.

If the reserve countries sell US Treasury bonds on a large scale. It will also lead to its depreciation. So as to become a clear loss.

This is the dilemma of the Chinese government, which has the largest dollar reserves, ~www.wuxiaspot.com~ The two trillion US dollars of foreign exchange reserves have become a hot mountain. Regardless of the high energy currency utility caused by the two trillion US dollars of foreign exchange reserves. Excess liquidity and inflation expectations caused to the country.

all in all. The export of the US dollar to Asia and the return of the yuan to the United States. Essentially, it is the process by which the United States looted Asian wealth. The dollar is a knife. It is the new colonial exploitation.

The appreciation and depreciation of the US dollar have a huge impact on the economic development of Asian countries. The Asian economy has increasingly become a subsidiary economic feature of the United States. It is becoming more and more characteristic of colonial economy.

Fan Wubing thought of this. Just some things from Lenovo later.

The 1997 Asian financial crisis did not spread to the United States. However, the 2008 financial crisis in the United States was able to spread to Asia through the flow of the US dollar, an international currency. Dollar output. Not only does it export inflation. Also output, machine.

"Oh. No matter how you deal with it. As long as we don't find a new currency that can replace the U.S. dollar as a means of payment for national trade, we can't get rid of the exploitation of the Americans." Fan Wuyao said helplessly to Boss Zhu.

Delivered on the second day