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Currency war

Currency war

宋鴻兵

  • portable think tank

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  • 2023-02-05Published
  • 189151

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Chapter 1 preamble

Currency war 宋鴻兵 1861Words 2023-02-05
preamble US Treasury Secretary Paulson pointed out in an interview with CNBC on the eve of his visit to China that as economic powers, they are already leaders in the global economy, and other countries in the world will not give them much time.There is no doubt that they are China. Clearly, today's China is transforming itself into an important part of the global economy at an astonishing speed.A series of economic data and signs indicate that China's huge economic aircraft carrier has set off. If the Politburo invited several scholars to Beijing three years ago to teach the history of the rise of great powers, they were just preparing for China's foreseeable development, then the change in terms of development from rise to development is enough to show China's self-confidence It can be seen that the speed of China's economic development is so fast that it even exceeds the shooting speed of CCTV's "The Rise of Great Powers".

The whole world is focusing on China: the 21st century will be the century of the Chinese people. Around 2040, there are endless rumors that China's economic strength will surpass that of the United States. It seems that China's becoming the world's largest economic power is a foregone conclusion. However, will the Chinese economic aircraft carrier set sail be smooth sailing?In the next crucial fifty years, can the Chinese economy maintain its current speed and move forward bravely?What are the unmeasurable factors that may affect the heading, route, and voyage? According to conventional analysis, the most difficult voyage for China's giant aircraft carrier in the next few decades is whether it can safely pass through the Taiwan Strait and whether it can gain command of the sea in relevant East Asian waters.However, the author believes that the main hidden danger of whether China can become a real world economic power in the middle of this century is more likely to come from an invisible battlefield, that is, the threat of a potential financial war.The degree of danger of this threat is increasing day by day as China's accession to the WTO expires five years ago and the financial industry will be fully opened to foreign capital.

Will China's financial industry, which is about to be fully opened to foreign capital, have sufficient anti-strike capabilities, including actual combat experience, to prevent long-range and precise strikes by a series of financial means such as financial derivatives? Take naval warfare as an example: Ten years ago, Chinese submarines pushed back the USS Nimitz aircraft carrier. At the end of October this year, the Chinese Song-class submarine once again approached the USS Kitty Hawk battle group within five miles.In the reality that China's military power is temporarily unable to compete with the US military, China has formulated a corresponding strategy to contain the US aircraft carrier group by virtue of the tactical characteristics of submarines.Similarly, with China's rapid development today, we cannot guarantee that certain countries that believe that China's strength will harm their own interests will not use nuclear submarines of financial warfare to attack China's economic aircraft carrier that has set sail in the economic field. Economic development changes course and course.China's emergence as a world power by the middle of this century is currently only a conventional forecast, which does not include an assessment of the damage and obstruction that may be caused by major emergencies, such as financial wars.

To use an inappropriate analogy to open finance to foreign capital, the risk may even be greater than allowing all US aircraft carrier formations to sail to waters near China.Because military attacks can at most destroy buildings and facilities and eliminate human bodies, with China's vast territory, it is almost impossible for conventional wars to cause complete damage to China's economic lifeline.The concealment of financial wars and the cruelty of no actual combat drills are a huge challenge to China's national defense.Once the economic order of the entire country is hit by a financial war, it will immediately cause domestic turmoil, and internal strife will be triggered by external aggression.

History and reality are equally grim: the disintegration of the Soviet Union, the depreciation of the ruble; the Asian financial turmoil, the death of the Four Tigers;Have we thought about it carefully: all this is just an accident or a coincidence?If not, who is the real driving force behind the scenes?Who might be the next target to be plotted against?In recent months, former Soviet agents, energy tycoons, and European bankers have been assassinated one after another. Is this related to the collapse of the former Soviet Union?Is the most important factor determining the disintegration of the Soviet Union political reform or financial blow?

This can not help but worry about the defense capability of China's financial system, and then worry about the future of China's economic development.Even if we set aside the RMB exchange rate and the 1 trillion foreign exchange reserves for the time being, what kind of situation China is in at the national level and the game of political hot money between countries that is out of sight of the normal financial order cannot but become a matter of concern. top priority.Can the benevolence and forbearance of Chinese civilization, and the concept of peaceful development that China has repeatedly expressed, be able to resist the financial invasion of the always subversive and aggressive New Roman Empire?On the practical level, does China currently have such a reserve of professional talents, sufficient to effectively guard against potential financial attacks in theory and practice?If faced with invisible financial nuclear blackmail or even a nuclear attack, among the Chinese turtles distributed in the world's financial field, will there be such national pillars as Qian Xuesen and Deng Jiaxian?

Paulson will go to China for a strategic economic dialogue, and Bernanke will also accompany him.What is the meaning behind the unusual move of the Fed chairman and Treasury secretary arriving in Beijing at the same time?In addition to the RMB exchange rate, what other competitions between countries are unknown to the outside world?In an interview with CNBC, Paulson emphasized that the two-day dialogue will focus on the long-term challenges brought about by China's rapid economic rise. So, does this so-called long-term challenge include a possible financial war?The purpose of this book is to expose the black hands behind the world's major financial events since the eighteenth century, replay, observe, experience, compare, and summarize the strategic goals and usual methods of these people, so as to predict their future attack on China. , and explore China's countermeasures.

The war has begun, although the smoke of gunpowder cannot be seen!
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