After World War II, the United States linked the dollar to gold, and then countries tried to earn dollars. Later, I cheated. 197 1, US dollars cannot be exchanged for gold, but other countries have been earning US dollars. In their eyes, the dollar is gold. Suddenly I can't change it. If I have so many dollars in my hand, what do you say? But the strength of the United States after World War II is too strong for me to beat. Can only be silent, pound-foolish. The dollar has gained a firm foothold in the world.
When the national economy of the United States is in recession, we should vigorously start the printing press and increase the circulation of dollars. Of course, these large amounts of dollars can't keep him in the United States, otherwise domestic inflation will kill him. So the United States will use these dollars to buy goods, raw materials and energy from other countries, and the dollars will flow out, and the pressure of inflation will be shared with the whole world. The United States has also harvested many goods from other countries in this process, and in this process, the United States only needs to print money! This is how dollars harvest the world. Of course, the United States can't always print money and then harvest it, because it will kill the whole world and eventually kill the dollar, because printing money will definitely lead to the depreciation of the dollar and eventually lead to the collapse of the dollar system. Of course, smart Americans also know that enough is enough. After printing a certain amount of money, they are afraid to print. After all, it's just shearing sheep, not killing sheep. They still know the dangers of resource-exhausted fishing.
When their dollar outflow was similar, they began to try various means to get the dollar back. Earlier, the United States said that the United States was printing money and would send dollars to the world after printing. The basic form of dollar outflow is that investors borrow money from the Federal Reserve to invest in other countries and distribute dollars to others around the world through this investment. Well, now the United States is going to recycle dollars, which is very simple. I suddenly stopped the supply of dollars and asked investors to cut off the funds so that the dollars would not flow out. At the same time, it is particularly required to raise interest rates by lending money. Investors are not in a hurry to pay back the money at first sight; Other dollar holders, when they saw the interest rate increase, did not hurry to deposit their dollars in the bank. In this way, the dollar returned to the hands of the United States smoothly. But what consequences will this lead to? This American doesn't care. Anyway, the consequence is the economic collapse of other countries. What do I care? After investors withdrew their funds, many industries in those countries that once had dollar outflows had to go bankrupt because of lack of funds, and the temporary prosperity brought by the dollar was instantly shattered, thus the global financial crisis broke out. In this process, the United States feasted and exchanged green dollars for rich materials, while other countries were miserable. When the economy was developing well, a financial crisis suddenly came, and the essence of this process was that the domestic crisis in the United States was transferred to other countries by the United States through dollars, so that the whole world paid for the financial crisis in the United States.
This operation of the United States has pushed the dollar to the world step by step. It has added another foundation for its hegemony.