To be honest!
This is just an assumption, but it is definitely a reasonable assumption. Some economists know it, but they pretend to be profound and deliberately use professional terms to make the world fog. It makes you unable to touch the North, otherwise why do you seem to be very talented and well-educated?
1. The birth of the problem
Two tools for the United States to dominate the world, one is military strength and the other is the hegemony of the US dollar.
military strength dominates the world, you can see that it is. Whoever the United States wants to fight, aircraft carriers, Aegis, carrier-based aircraft, cruise missiles, F22, stinger missiles, including China and Russia, when confronting the US military, they are always extremely vigilant. Why?
Because whether it is nuclear or conventional military power, the United States is definitely the best. You can also see that
USD dominates the world. The dollar is flooding all over the world, so former US Treasury Secretary John Connery said, "The dollar is our currency, but it is your problem." So? Why did the US dollar become a problem for people all over the world?
2. Problem manifestation
1. Asian financial crisis
1997 Asian financial crisis was a global financial crisis that occurred in 1997. On July 2, 1997, the Asian financial crisis swept across Thailand. Soon, the storm affected Malaysia , Singapore, Japan, South Korea, China and other places. The currencies of Thailand, Indonesia, , South Korea and other countries depreciated sharply, and at the same time caused a sharp decline in most major Asian stock markets; it hit the foreign trade company of Asian countries, causing the bankruptcy of many large Asian companies, unemployment of workers, and social and economic depression. It broke the rapid development of Asian economy. The economy of some Asian economic powers, , began to be depressed, and the political situation in some countries also began to be chaotic. Thailand , Indonesia and South Korea are the countries that have been hit hardest by this financial storm. Singapore , Malaysia , Philippines and China Hong Kong regions are also affected.
Financial tycoon George Soros
When all financial crises break out, everyone will say: There is a bubble inside.
But the problem is, how did the bubble come about? In fact, it comes from two words - speculation.
So, there is no bubble in the world, and only with people who make bubbles can there be bubbles. Soros is another type of person. He is a person who specializes in creating bubbles and then bursting them.
At that time, Thailand implemented a fixed exchange rate system. In short, it was bound to the Thai baht and the US dollar. Because the US dollar is a recognized international currency, the stability of the Thai baht to the US dollar made the Thai baht a "stable currency" in a sense. After the
Square Garden Agreement, the exchange rate of in Asian countries such as Japan to the US dollar increased greatly, resulting in a strange "extreme prosperity" in the Japanese economy. Perhaps it is because the exchange rate of the yen to the US dollar has increased too quickly, which has led to the Japanese companies with large yen in their hands to acquire US assets and speculate in real estate.
But the side effect is that the export industry has been hit hard, the foundation of the real economy has been broken, and it is actually a false real estate and stock market boom. In the end, the Nikkei Index still collapsed.
Of course, this problem is not just Japan, Thailand. Malaysia and even Singapore and Hong Kong at that time had this problem. The exchange rates of various countries are at a high level against the US dollar, but since Thailand implements a fixed exchange rate system, it is impossible to depreciate the Thai baht for a while. At this time, Soros decided to help Thailand and let him see the power of the financial nuclear bomb.
Starting from February 1997, Soros and others began to borrow funds in the international market, and bought Thai baht with a large amount of leverage . According to their calculations, the Bank of Thailand's foreign exchange reserves are not enough to maintain the Thai baht exchange rate. Their method is very simple. They borrow Thai baht from a Thai bank, then exchange it for US dollars, and then throw it all out at once internationally. After the Thai baht depreciates, they will exchange it for Thai baht to pay off the debt.The goal is to force the Bank of Thailand to abandon the fixed exchange rate system, and then the entire Thai baht will become their "unlimited money printing machine" and will be taken to by them.
For Soros and others, challenging the monetary capabilities of a country's central bank's is actually not the first time to operate. Sniping the German Mark before was a successful battle. However, this time Soros is very clear that behind Thailand is one of the strongest central banks in Singapore, , Singapore Central Bank . Sure enough, in February 1997, Soros and others launched a tentative attack, and the Bank of Thailand quickly counterattacked and stabilized the exchange rate by repurchasing the Thai baht in the market. Five months after
, Soros and others used quantum fund as the main one, attracting liquid capital speculators from all over the world. At that time, Thailand did not have any forced financial controls (and they dared not), so international speculators broke up overnight loans. The Central Bank of Thailand could only hope to use interest to make them lose so much that they dare not attack, but these people were like opening plug-ins with unlimited funds. The $12 billion previously invested by the Singapore central bank has been exhausted, and its huge foreign exchange reserves are about to run out.
Results In July, the Central Bank of Thailand, which had originally promised that the Thai baht would never depreciate on a large scale, was forced to announce the implementation of a "floating exchange rate system." As a result, international capitals such as Soros took over the exchange rate of the Thai baht and became the veritable "Bank of Thailand". The rise and fall of the Thai baht in the international market was completely manipulated by Soros and others. Thailand's real estate and stock markets plummeted. The wealth accumulated by the Thai people over the past decade has been looted.
The key problem is that Southeast Asian countries were generally heavily in debt at that time and foreign exchange reserves were tight. Soros and others could use this method to kill the Central Bank of Thailand, and other countries were also unlikely to be spared. Soon after, countries and regions such as the Philippines and Indonesia announced floating exchange rate systems. At the same time, in order to restrict the overnight lending of institutions such as Soros, the interest on lending of banks was greatly increased. The cash flow of domestic enterprises took a sharp turn for the worse, and a large number of enterprises announced bankruptcy, and a financial sniper war completely turned into a financial crisis.
Under this financial crisis, the financial problem of liberalization of monetary funds has been greatly exposed. Central banks of various countries can only watch international speculators hollow out their own country's currency from their own countries and offshore markets, but they can't do anything. The only means of confrontation is to forcefully increase their borrowing interest, but doing so will lead to a decline in the domestic stock market and an economic explosion. At the same time, these national speculators also shorted the stock market. The decline in the stock market will also give them more funds to form a vicious cycle.
is George Soros cow? Really awesome.
A person actually dares to launch an attack on another or the central banks of several countries. How powerful is this person?
If you think this is a great person, then you are wrong. It's not George Soros' bull, but American bull and dollar bull.
sniper the German mark, sniper the British pound, sniper the Russian ruble , sniper the Japanese yen, sniper the South Korean won, Thailand, Singapore, Indonesia, the Philippines, all of them were fucked. Why
? This is obviously a financial attack launched by the United States against these countries. The tool is US dollar. Wall Street is the General Staff. The trader who appeared was Soros. Ammunition is fully provided by Bank of America . The breakthrough point is that a country's finance is completely open, and capital can enter and exit freely. It is best if the country's currency is also bound to the US dollar.
What is the result of the financial crisis?
currency depreciates wildly, inflation . The stock market value has declined, industrial and commercial financing has difficulty, turnover has failed, and debts are as high as mountains. The bad debts of banks have increased and they are on the verge of bankruptcy. Workers are unemployed and laid off, and enterprises are stagnant. Important assets became Wall Street, and capital fled.
2, subprime mortgage crisis in 2008
US subprime mortgage crisis, also known as subprime mortgage crisis, is also translated as debt crisis.It refers to an financial crisis caused by the bankruptcy of subprime mortgage loan institutions, forced closure of investment funds, and violent fluctuations in the stock market . It has caused a crisis of insufficient liquidity in major financial markets around the world. The " subprime mortgage crisis " in the United States gradually emerged since the spring of 2006. In August 2007, it began to sweep the world's major financial markets such as , , , and , and and Japan.
On February 13, 2007, New Century Finance issued a profit warning for the fourth quarter of 2006.
HSBC Holdings announced its performance and increased the reserves for subprime housing credit in the United States to US$7 billion, a total of US$10.573 billion, an increase of 33.6%. As soon as the news came out, the stock market fell sharply that day, with Hang Seng Index falling 777 points, a drop of 4%.
Faced with US$17.4 billion in debt coercion from Wall Street, New Century Financial Corp, the second largest subprime mortgage company in the United States, announced on April 2, 2007 that it filed for bankruptcy protection and cut 54% of its employees.
On August 2, 2007, German Industrial Bank announced a profit warning, and later it was estimated that it had a loss of 8.2 billion euros, because one of its subsidiaries was 12.7 billion euros, which was a "Rhineland Funding" and the bank itself participated in the US real estate subprime mortgage market business in a small amount and suffered huge losses. German Central Bank convened all banking peers across the country to discuss saving German Industrial Bank package .
The tenth largest mortgage lender institution in the United States - the United States Housing Mortgage Investment Company officially applied for bankruptcy protection in the court on August 6, 2007, becoming another large mortgage lender institution in the United States to file for bankruptcy after New Century Financial Company.
On August 8, 2007, the fifth largest investment bank in the United States, Bear Stearn , announced that its two funds will go bankrupt, because the same reason is due to the subprime mortgage storm.
On August 9, 2007, France's largest bank BNP Paribas announced the freezing of its three funds, also suffering huge losses due to investing in US subprime mortgage bonds. This move caused a sharp drop in European stock markets.
On August 13, 2007, , the parent company of Japan's second largest bank Ruisui Bank , the parent company of , Ruisui Group, , announced that it had a loss related to the US subprime mortgage , which was 600 million yen. and Korean banks have caused losses due to the US subprime mortgage storm. According to estimates by UBS Securities, the nine major Japanese banks have held more than one trillion yen in US subprime mortgage guarantee securities. In addition, five Korean banks, including Woori, invested a total of US$565 million in secured debt certificates (CDOs). Investors are worried that the US subprime mortgage problem will have a strong impact on global financial markets. However, Japanese analyst firmly believes that most of the secured credit certificates invested by Japanese banks are the highest credit ratings, and the impact of the subprime mortgage crisis is limited.
Later Citigroup also announced that the losses caused by subprime mortgages in July 2007 reached US$700 million, but for a financial group with an annual profit of US$20 billion, this is only a small amount.
However, in 2007, the share price of Citigroup has fallen from a high of $23 to a little more than $3 in 2008. In other words, in 2007, the net worth of Citigroup is equivalent to that of a bank in the United States. According to the latest ranking, , Citigroup has fallen to 19th place, and its market value has shrunk by 90%, and its financial situation is not optimistic.
has copied so much nonsense, but in fact I just want to tell you one thing.
The subprime mortgage problem in the United States is actually caused by the housing problems of Americans. The trader is called two houses. The total debt of these two things is US$5.2 trillion.
3/4 is held by the United States, namely banks, insurance, funds, individuals, and government. After the crisis, the US government announced that it had returned to the country.It seems that the US government is tending to custody and then let go, that is, no matter what.
1/4 is held by other countries. It is said that China is the big one, accounting for US$450 billion. Some officials said that the bond annual interest rate is normal and has not been affected.
According to German media reports, the German Financial Regulatory Bureau predicts that the subprime mortgage crisis may cause a maximum loss of US$600 billion for various financial institutions around the world.
banking industry is known to have losses of US$295 billion, of which German banks account for 10%, but if credit crisis expands from banking to hedge funds , insurance companies, pension funds and even non-financial companies, the losses may expand to US$600 billion.
Except for the second largest subprime mortgage lender in the United States, New Century Financial Company, filed for bankruptcy, Citi, Merrill Lynch , Swiss Bank and other giant companies announced huge losses in the 2007 quarterly and annual reports.
Bear Stearns, the United States recently announced to two of its troubled hedge fund investors that due to the "unprecedented decline" in the value of AAA high-credit securities that reap subprime mortgages, after asset recovery, the returns of the investors of the above two fund will be very low and almost "worthless surplus".
The American real estate investment trust company was dissolved and filed a bankruptcy application.
The largest real estate mortgage loan in the United States, , the national financial company, released a report that the company's financial pressure will accumulate further, or the market will lose confidence in the company's operating capabilities, and the company may be forced to liquidate assets or even go bankrupt. On the 15th, , the New York Stock Exchange closed, and the national financial company's stock price closed at $21.29, down $3.17 per share.
Citi announced a loss of US$9.83 billion in the fourth quarter, or a loss of US$1.99 per share. Troubled by the subprime mortgage market problems, the company experienced a pre-tax write-down amount and credit costs of about $18.1 billion in the fourth quarter.
Merrill Lynch lost $9.83 billion in the fourth quarter, with a loss of $12.01 per share.
Swiss Bank announced that it suffered a loss of approximately US$11.4 billion in the fourth quarter due to the reduction of subprime assets of up to US$14 billion.
The so-called hegemony of the US dollar includes several aspects:
(1) You believe from the bottom of your heart: the US dollar is a hard currency, with extremely strong credit, you can use it to buy anything you need, and it will never depreciate.
(2) All countries in the world believe that only the US dollar is the global pricing leader of commodities and resources. It is reassuring that any transaction must use US dollars. The money you earn must be placed in the bank of Federal Reserve , or bought as US Treasury bonds.
To put it bluntly, the US dollar is just a piece of paper, why do you believe it so much?
Because the United States is creating this illusion, only the United States is the safest, and only the United States' economy is no problem.
As long as you believe it, the United States can start a nuclear-powered money printing machine and keep harvesting you with cheap dollars. Slowly, keep printing dollars. Why won’t the US dollar depreciate?
Are you stupid? On the one hand, the United States is printing the US dollar, and on the other hand, it is destroying the US dollar.
If all the printed dollars are not eliminated, the whole world will be US dollars. However, this entry and exit, production and consumption have been plundered the whole world. How to eliminate
? War, you see, the United States will destroy 40 billion US dollars when fighting Iraq ? In the bond market, wouldn’t the subprime mortgage crisis be eliminated by US$600 billion? What about the stock market? Every time the stock market crashes over the hillside, thousands of trillions of dollars are wiped out.
understand?
