how to buy wholesale jewelry supplies How does the financial crisis affect the world?

wholesale jewelry findings stainless steel The Icelandic government with a population of only 300,000 is bankrupt, with a population of over 40 million, the Korean government is on the verge of collapse, and Korean won in the painful struggle of continuous depreciation. Who is the next bone card that is pushed down by the Domino card effect? It can almost be said that this time, almost one cannot be less, perhaps, except for China.

. As soon as I saw the global interest rate cuts, and then the countries that cut interest rate cuts are responsible countries. This kind of statement, I feel funny. Just like a country with a responsible country in the Southeast Asian financial turmoil in Southeast Asia in 1998, or it is like when encountering a beast, people who run in front of them are the most responsible people. of. Because according to this statement, in 1998, the entire East Asia and Southeast Asia, only China is the only country with no depreciation of the currency, wouldn't it mean that China was the only country that was not responsible at that time?

This is the most ridiculous thing. Those who do not understand finance or just understand the fur of finance are all in the drums, which makes me even more surprised that so far, I have not seen anywhere anywhere asking about this point for this point. Is it really effective to cut interest rates? I don't think it may be. This is why the subprime crisis is everywhere everywhere, but I still have to write this article. I want everyone to understand some real substances.

. My topic was originally the essence of the financial crisis, but now that we have said so much, then we will continue to say this pavement, okay, let's return to 1998, and use it as 2008 as 2008 as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, as 2008, we used this as 2008 as 2008 and used it as 2008 as 2008 Reference and comparison of global financial crisis.

. After 1998, after Japan fell into a continuous decline, the focus of investment was placed in East Asia and Southeast Asia, resulting in a short prosperity in this area. Excessive investment in other places continued to influx. Look at this mode:

A foreign trade surplus (or deficit) capital project surplus -fiscal deficit "0

Whether the surplus or deficiency, it is very simple, capital projects are definitely certain It is a surplus, because the investment continues to flow in, and after the investment continues to flow, the false prosperity is arising. The illusion of virtual high. The essence of currency is high. On the one hand, there are many foreign exchange reserves. This is because there are constant foreign capital influx, coming in to hype your real estate stock market bubble, on the other hand The motivation of depreciation, but the crisis has not been clear, once it is clear, it will instantly collapse.

This is the model of 1998. Starting from July 2, 1997, under the asset bubble, under the consumer credit bubble, the Thai baht began to depreciate, and finally spread to South Korea and even spread to Russia. I think, here, some people can't understand it, I will let everyone understand. Let's start with the monetary bureau system.

: The monetary bureau system and the 98 -year financial storm

The monetary bureau system is not only one understanding, but has multiple understanding. However, in general, it refers to the exchange rate system of the target national currency based on the country's currency, such as China before 2005, the current Hong Kong, etc., the purpose of this system is It is a sufficient number of target national currency reserves and regulation policies.

. For example, in China as an example before 2005, with a exchange rate of 8.27, the US dollar rely on a regulatory role of the US dollar reserve. When the value of the RMB decreases, the RMB is sold to sell the US dollar, and when the currency value rises, the US dollar is sold to sell the RMB. But in general, there is a rising pressure, so it has been selling RMB and buying the US dollar. This is the details. In short, the reserve currency, or global currency, is the basis for the stability of currency in many countries.

So the essence of the depreciation of the Thai baht in 1997 was that everyone lost confidence in Thailand's economy, so they sold the Thai baht and replaced it with the US dollar. More US dollars are needed to cash out their country's currency to maintain the value of the country's currency. When it cannot be maintained, the Thai baht depreciates.

The Thailand at that time, and even later South Korea, after its US dollar reserves were used up, the currency depreciated quickly. , Only to stabilize the situation.

I we can see Vietnam directly some time ago. In fact, the situation is the same, but the Vietnamese government is really stupid. I think it may be because they have not made mistakes in 1998 that they have not made mistakes in 98 years. Bar. There is no basis for heavy industry in Vietnam. Under the advocacy of multinational investment institutions such as JP Morgan Goldman Sachs, the Vietnamese stock market and property market played a cauder from victory to further victory in 2007. Economic miracles and other meaty and unrealistic touting came out.

has started to pay attention to this country since then, because once these multinational investment institutions start to brag, they are often time when they are going to evacuate. I thought, Vietnam, you should rest for rest Take a break, you should collapse.

So this year, Vietnam collapsed.

The collapse mode is almost exactly the same as the collapse of Thailand in 1997. All foreign capital evacuation after the asset bubble, the reserves depleted after the evacuation of the foreign capital, and the internationally request for reserves after the depletion of the reserves.

The Nongde Meng (Is it so hard?) Do not go to ask for help international financial institutions, but go to China and find the boss for help. They proposed a series of harsh conditions, what clear your bank, what to supervise your loan, what is it, and see those Latin American countries borrowing debt, just like drug addiction. Dare to find it? So Vietnam was also a wake -up. The economy does not landscap.

The results. I don't know. I think China will help, just like announced that the renminbi will not depreciate in 1998. This is China ’s consistent sense of responsibility for the region. But in 2008, the situation was different:

: Domino's card effect, the bankruptcy of the Iceland government and the plunge of the Korean won

Sorry to return to 1998, 1998 years, 1998 China has announced that the renminbi will not depreciate, everyone knows, but I don't think they all know what its impact is. Let me briefly talk about it:

When the Thai baht is depreciated, those internationally or non -state financial institutions will begin to seek the assets of lending in other areas outside Thailand to deduct the loss. We will make an example. When Morgan Stanley's investment in Thailand is lost, in order to make up for losses or Save losses, for example, in order to repay its debt at the US dollar price, it may change its assets in China to exchange US dollars to save fire in Thailand. In this case, if the currencies of all countries are depreciating, only China will not not be in China. If you have depreciated, China will become the head of the head, and it is likely that many investment will take advantage of this opportunity to sell China's assets to exchange dollars. Including Thailand's investment in China.

So in 1998, the Chinese economy is not as open as it is now. The renminbi does not depreciate, and it still contributes to the entire Southeast Asian world. I have not found the specific data. Let me talk about the consequences of China at the time.

This at that time did not depreciate at that time. In fact, China re -picked up its historical responsibility for the entire East Asia (including Southeast Asia, but may not include Japan, the following). We speculate from the consequences of this motivation. The consequences are that in almost any Southeast Asian country, the renminbi has become a citron and a currency that can be freely exchanged at any time. The currency cannot be exchanged for RMB in the Bank of China, because the RMB does not have this credit, and the RMB can be directly exchanged for Malaysia in a bank in Malaysia. This is the difference. In short, after 98 years of financial turmoil, the renminbi has almost become a hard currency of the entire East Asia. It is no exaggeration to say that the renminbi has partially replaced the US dollar position in Asia. This is the strategic impact of China's approach in 1998, which directly established the position of the RMB throughout East Asia, which is enough to describe it.

But this year is 2008, and this year's situation is very different.

First of all, the Chinese economy is much higher than in 1998. Secondly, this financial crisis is not as regional as in 1998, but global. With China's economic capacity, it can become the Dinghai God needle in East Asia, but it is absolutely not powerful enough to become a stable axis of the world economy. Moreover, it is more important that in 1998, it is a problem with the Asian economy. The situation is that there is a problem with the dollar itself.

. Because the dollar is still the only and most important reserve currency at present, we will see a very strange phenomenon. On the one hand, the US economy has begun to decline, and even the world ’s economy to the US economy. The confidence is shaking, but on the other hand, it violates the financial convention. The US dollar is relative to other currencies, especially those small economies that cannot carry financial storms, such as South Korea, Malaysia and other currencies. In the case, it is extremely strong. In this case, it is impossible to exist in other countries.

of course, because the renminbi does not depreciate compared to the US dollar, the renminbi is also strong.

In fact, the root cause is not that there is a problem with the US economy, but that there are problems with the global economy. Because this is a symbiotic relationship. To put it plainly, if China does not rely on Americans' consumption to seek development, when there is a problem in the US economy, China will not go bankrupt. Should we blame the United States to spend money for money, or should we blame the inherent defects of our development model?

should people who are addicted to drug addiction should blame drugs or blame them should not be contaminated with drugs?

, a country with addiction to drugs died. This country is Iceland.

. Another country of drug addiction is dying. This country is South Korea.

The death, there are various ways to die, Iceland's death method is not because of the consumption of Americans, but because of his own consumption. For example, the financial crisis is different. The essence of the financial crisis in 1998 is that the excess investment leads to the economic collapse of the asset bubble and the oversupply. What about this time?

It is actually the asset bubble, but this time the asset bubble is global, not regional, and from the United States, in the 98 -year -old asset bubble, the domestic economy is still healthy After the US dollar "rescue" Asia, the status of its US dollar hegemony is still preserved, not only to maintain, but even the status has risen. Moreover, the entire financial crisis has affected several small economies, but it has not affected the full all of it. The world is due to the global economy's confidence in the US dollar.

. In this bubble rupture, the United States is the most. Behind the collapse of the United States economy is the continuous rise in the US dollar. The root of this US dollar rising lies in other countries, such as Iceland, such as South Korea to the US dollar to the US dollar. The demand for demand has increased, and countries that are affected by the financial crisis have purchased the US dollar to stabilize the stability of their currencies.

But slow, if it is said that after 1998, the world economy still has enough confidence in the status of US dollar hegemony. But in 2008, I can assert that the dollar has reached its real turning point. The turning point of this companion is also the turning point of the Chinese and global economy at the same time.

This Chinese people have a good saying: I was bitten by a snake, and I was afraid of well rope for ten years. The global economy was bitten by the US dollar in 2008. Will you still consume the dollar in the future? Will it be fake and prosperous?

Okay, finally, the real theme contained in my article:

It I boldly conceived, maybe the US dollar hegemony really ended, or at least, at least, at least It is a turning point.

. In my opinion, the purchase of US dollars in the world is a kind of drinking and quenching behavior. However, there is no other way at all. The United States is like an underworld that maintains financial order Boss, now the boss has a health problem. Each younger brother or country is not a younger brother. He is afraid that the power of power after the collapse of the US dollar will make the whole world more turbulent and economic difficulties are more difficult to deal with, so you can only save the world to save the world. economy. What's more, many assets in this world are marked at the US dollar.

. So, it is definitely not possible not to save the United States or the US dollar.

The triad boss is sick, and it is no longer as strong as before. Everyone can see clearly, but in the current situation, everyone is related to each other. It is maintained by the money borrowed by the boss. Such as China, Japan, Germany.

The global economy has cultivated the United States. This thug issued US dollars. As a global currency, the Federal Reserve is the Global Bank of the World. The US military strength and economic strength represent the credit of this US dollar.

But in the future, after this crisis, what will happen? It is very simple. This world no longer trusts this boss, and the financial pattern of the entire world will be rewritten. This is the biggest problem now. This problem is that the global financial system may collapse due to the deepening of the US financial crisis.

three: The current global financial crisis

The stock markets in almost the major countries in the world have appeared in the past few days. The reason is not the fear of the financial crisis itself. It is essentially the fear of countries around the world for the collapse of the US economy. The stock markets of countries around the world will continue to plummet, and this financial turmoil has just begun.

It what extent is the US economy reached:

At present, the world ’s interest rate cuts, the United States has been anxious to sell weapons, and it is too anxious to bear the military expenses of the Afghan war. The United States It really has no money. The United States is now carrying $ 10 trillion in debt, and it pays more than $ 400 billion in military expenditures every year. The United States has overdraw its own national strength and economic strength. This is the root cause of the decline in the United States. It is also the source of the decline of the dollar. The global economy has been extremely distorted by the US dollar hegemony. In terms of US $ 13 trillion GDP, its future debt burden and military expense burden are almost one -tenth of its total GDP.

It almost all large -scale investment institutions in the United States bankruptcy or on the verge of bankruptcy, which affects the world. The US economy is basically on the verge of collapse.

The interest rate reduction is that it is necessary to expand the supply of currency, expand investment, increase liquidity, stimulate the economy, and cope with the current economic difficulties. Of course, this requires the joint efforts of all countries around the world. This time, the pace is consistent. However, it is definitely a cure. It is basically that the global financial system needs to be changed and financial order needs to be rewritten.

So I asserted that the hegemony of the US dollar is likely to end because of this financial crisis. In addition, the world's financial order will be rewritten as 73 years, just in the opposite direction, which is not conducive to the rewriting of the United States. In other words, the hegemony of the dollar will end because of this financial crisis.

The world will re -enter the multi -pole "Warring States Period". Prior to this, the global economy may go through a huge test and start to re-assign the financial pattern. It takes less than 3-5 years to 5-10 years before it can be completed. The whole process is crisis, and the economy of many countries will collapse. Even some big powers.

Wen we see now is the corner of the corner of the iceberg. All people must be mentally prepared.

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