The direct consequence is that the China government has continuously increased the reserve ratio of banks; A large number of international "hot money" keeps pouring into China; Real estate prices remain high; The price of daily consumer goods continues to rise; The stock market is constantly frustrated, falling continuously and so on.
In a word, the above problems are caused by the constant pressure of the US government to appreciate and the massive issuance of US dollar currency.
Why does it appreciate, but we really don't feel the benefits of appreciation! Mr. He Xin pointedly pointed out in his new book "Exchange Rate Storm-Revealing the Insider of Sino-US Currency War" that it is the specialty of Soros, Goldman Sachs and other international financial tycoons to use the exchange rate and interest rate changes of various countries to obtain the benefits of currency exchange.
Mr. He Xin believes that a series of international financial crises that broke out continuously in the past 20 years-from the pound crisis in the 1990s, the Argentine crisis, the Asian financial crisis, the Russian financial crisis and the recent Greek crisis-are directly related to the financial raids launched by these financial predators by taking advantage of the changes in the exchange rate and interest rate of international currencies and the imbalance between debt and reserves.
In fact, it has been the consistent practice of the United States for nearly 40 years to use the fixed price relationship between the US dollar and gold to issue additional US dollars and pass on the economic crisis to the world.
In the early 1970s, due to the huge military expenditure caused by the Vietnam War, the United States had a serious fiscal deficit and could not issue a large amount of money, which led to the long-term stability and complete decoupling of the price relationship between the US dollar and gold, and the US dollar exchange rate lost its actual collateral.
In order to get rid of this economic crisis, the US government took advantage of the close relationship between the US dollar and the international oil price, and increased the international oil price again and again by strengthening the control of oil in the Middle East. In the end, international currencies such as yen, mark, pound and franc had to readjust the exchange rate relationship with the US dollar, and the United States finally succeeded in transferring the economic crisis to Europe and other countries.
This historical process can be called the "first currency war" after the end of World War II.
The "Second Currency War" refers to the 1985 Plaza Accord adopted by the United States in the 1980s, which forced the yen to appreciate, and a large amount of wealth accumulated after the war was looted, which directly led to the economic recession of 10 years.
During the period of 1997, American financial predators, represented by Soros, made use of the exchange rate relationship between the US dollar and Asian currencies to speculate in many ways, which led to the near collapse of financial and monetary systems in many Asian countries and suffered heavy losses in economic development.
Thailand's wealth shrank overnight 1/3.
So far, many countries have not recovered.
This is the "third currency war".
In 2008, the United States increased its holdings of currency through the "subprime mortgage crisis", and then led the crisis to the world, with the aim of "releasing bubbles" for the American economy.
Therefore, Mr. He Xin asserted that the debt crisis caused by the subprime derivatives of Fannie Mae and Freddie Mac was actually a "bitter plan" jointly planned by the US financial decision-making group and monopoly financial institutions such as Goldman Sachs.
This triggered the "fourth currency war" between China and the United States.
The United States successfully plundered China's huge foreign exchange reserves of nearly US$ 400 billion (US$ 2.5 trillion) by means of forced appreciation, delisting of Fannie Mae and Freddie Mac stocks and zeroing of mortgage loans.
Shocking.
To this end, Mr. He Xin wept bitterly: China's huge foreign exchange reserves are hard to come by! The economic achievements of China's 30-year reform are concentrated in China's huge foreign exchange reserves.
China's existing huge reserves are the foundation of China's current economic prosperity, the support of the country's strength, and an important guarantee for the stability of its foreign exchange rate.
This money is vital to China's financial security and national security!
Soaring prices and inflated housing prices have seriously affected our daily life. What caused the bubble in today's economic system, and who is behind it? Mr. He Xin's new book-Who rules the world? -Mysterious Freemasonry and the secret of the new war have uncovered this mysterious organization-American Freemasonry, and brought the leader of the exchange rate war from behind the scenes to the front.
Let readers know more clearly what this thrilling exchange rate war will bring to our future economy and life!