Xinhua News Agency issued a document to point out the source of the world economy!The 7 trillion market collapsed, and over 100,000 people burst into positions!What is the situation?

Author:Broker China Time:2022.09.07

As the dollar rose sharply, Xinhua News Agency!

In the afternoon of this afternoon, Xinhua News Agency issued an international observation entitled "The abuse of the US dollar hegemony output inflation to impact the global economy". The article pointed out that in order to stimulate the country's economy, the United States once insisted on the "water release" of financial and monetary policies, and now it has tightened the monetary policy. Behind it is the misjudgment of the economic situation and the decision -making response. The US finance and monetary policy rely on the US dollar hegemony to repeatedly disturb the global financial market, which not only harms the reputation of the United States, but also passes the risks to other countries and regions, becoming a major source of chaos in the world economy.

As the dollar rose sharply, today the virtual currency market plummeted again. On Wednesday, Bitcoin fell below 19,000 US dollars, a decrease of more than 5%within the day, 7%in Ethereum, and the total market value of cryptocurrencies also fell below $ 1 trillion (about 7 trillion yuan). The Federal Reserve Balkin said that the Fed has shifted monetary policy to a more tight environment to curb inflation in about 40 years. The Fed needs further tightening policies to make the so -called actual interest rate higher than zero.

There are three major hegemony in the United States, namely the US dollar, technology and military. Recently, in addition to the continuous appreciation of the US dollar and increasingly targeted scientific and technological policies, the US Department of Defense stated that the military will test a intercontinental ballistic missile on Wednesday and add that Russia has been notified in advance.

Xinhua News Agency, point out the source of the world

In the afternoon of this week, Xinhua News Agency issued an international observation entitled "The abuse of the US dollar hegemony output inflation to impact the global economy".

Observation pointed out that this year, the Federal Reserve Board raised interest rates four consecutive times, of which 75 basis points raised interest rates in June and July, respectively, the largest interest rate hike since the early 1980s. As a result, the US dollar has continued to strengthen, and international funds return to the United States, causing many countries and regions to inflation, depreciation of currency, and even the risk of debt defaults.

Analysts pointed out that in order to stimulate the country's economy, the United States once adhered to the "water release" of financial and monetary policies, and now it has tightened the monetary policy. Behind it is the misjudgment of the economic situation and the decision -making response. The US finance and monetary policy rely on the US dollar hegemony to repeatedly disturb the global financial market, which not only harms the reputation of the United States, but also passes the risks to other countries and regions, becoming a major source of chaos in the world economy.

The article pointed out that both Japanese and European institutions stated that the root of inflation lies in the United States. Jahiti Gaoxi, a professor of economics at the University of Massachusetts Ameste, also said in an interview with Xinhua News Agency that the Fed's tightening monetary policy will lead to the withdrawal of capital from emerging markets and developing economies to the United States. It will bring debt crisis and exchange rate crisis risks to many parts of the world. At present, several countries have already appeared in debt defaults or on the edge of breach of contract.

Some experts pointed out that the United States 'first placement of water and then raising interest rates will greatly increase the pressure on Latin American countries' debt repayment. The difficulty of gaining new credit will also increase, which may cause new debt traps. Taking Argentina as an example, the Federal Reserve ’s interest rate hike increases the risk of Argentina's exchange rate fluctuations and capital escape, affecting the market's confidence in Argentina's economy, and further increased debt repayment in the country.

Analysts pointed out that emerging markets and developments must be highly alert to the impact of US finance and monetary policy overflow. They should strengthen coordination and cooperation to jointly maintain international financial stability and promote the healthy and sustainable development of the world economy.

7 trillion virtual currency plunge

On Wednesday, the US dollar index rose again. At present, the index has risen by 110, which is relatively high in history.

The Federal Reserve Balkin said that the Fed has shifted monetary policy to a more tight environment to curb inflation in about 40 years. The Fed needs further tightening policies to make the so -called actual interest rate higher than zero.

Soochow Securities said that in the next few months, the Fed will continue to raise interest rates sharply. It is expected to raise interest rates at 75 basis points at the FOMC conference in September, and at least 75 basis points on the end of the year. The Fed has currently maintained the stability of prices as its primary task, and placed its full employment goals in a relatively secondary position.

Affected by the strong US dollar, the virtual currency market plummeted again today. Data from Britain for wealth show that Bitcoin fell below $ 19,000, a decrease of more than 5%within the day, 7%in Ethereum, more than 90%of multiple currencies, and the total market value of virtual currencies also fell below $ 1 trillion Essence

According to COINGLASS data, over 100,000 people have burst in the last 24 hours, nearly 360 million US dollars (equivalent to nearly 2.5 billion yuan) of funds evaporated. Affected by the macro environment, the performance of cryptocurrencies performed well during the year, and Bitcoin and Ethereum all fell around 60 % this year.

American test shot in intercontinental missile

Talking about the US dollar hegemony, it is naturally indispensable for U.S. military forces.

Overseas Network September 7th, according to the US Defense News Weekly reported on September 6, a spokesman for the US Department of Defense said that he will test a "militia soldier with a warrior with a warhead on the 7th that the US Department of Defense said on the 7th that he will test at the Vandenburg Air Force Base, California. 3 "Intercontinental ballistic missiles. The spokesman also added that the move was a routine test and had notified Russia in advance.

This is the U.S. Army's test of the "Militar 3" intercontinental ballistic missile on August 16, and fired such missiles in less than a month. The "Militar 3" missile is an important part of the Trinity of the United States, land, and air, and the only land -based intercontinental ballistic missile in active U.S. military. The U.S. military is planning to replace the "Militar 3" missile for more than 50 years with a new generation of land -based intercontinental ballistic missiles.

In addition to military, the United States has also made efforts in science and technology.On September 6, local time, the Bayeng government released a chip investment plan worth $ 50 billion (about RMB 30 billion).The U.S. Department of Commerce plans to accept the application of chip company (chip investment plan) funds at the latest in February 2023, and may start funding in the spring of 2023.Earlier, Biden signed the "2022 Chip and Science and Technology Act". The purpose of this bill was to increase the market share of the United States in the global semiconductor market and enhance the manufacturing capabilities of advanced process chips.Science and technology are often used as weapons to attack hostile countries.

Responsible editor: tactics

School pair: Zhao Yan

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