"And as you said, according to the greedy nature of financial capitalists, you are afraid that if you open this hole, you can print a huge amount of dollars - so it seems that the so-called dollar is just using oil as a settlement method, and is essentially a financial leverage set. No, in this way, can the world withstand the huge amount of dollars printed by the United States? And the consequence of the British Empire doing this is that its industry has been greatly impacted, and it has been surpassed by the United States and Germany one after another - Americans are so short-sighted - to do such a thing that shakes the foundation of the country?"

Although the chief accountant of the party’s economic experts has deduced a lot of things because of his own level, it has historical limitations. Unexpectedly, Americans’ moral integrity is much worse than that of the current financial tycoons in Shanghai.

"Industrial capitalist? What kind of industrial capitalist? I admit that being a high-end person is evenly matched with financial capitalists. Are ordinary small business owners? In the eyes of financial capitalists, there is not much difference between them and workers and farmers!" Liu Baiyu curled his lips, obviously disdainful of those small capitalists.

"I can't explain these few words clearly. OK, I will use my computer to print out some information for you to see!"

Liu Baiyu used a notebook to print out relevant information - a total of eight copies. In addition to the six copies present, two were used as information.

After the US dollar was decoupled from gold, the United States completely entered the era of high-speed printing and issuance of US dollars. In the 50 years before 1970, the number of US dollar cash issuance was only US$70 billion. From 1971 to 2007, it increased to US$850 billion. In the three years since the financial crisis in 2008, US dollar cash has grown to US$2.3 trillion. In 1971, the global broad money supply M2 was only about US$2 trillion, and it is now close to US$60 trillion. The US dollar, which has lost the hard constraints of issuance, has created the largest global currency scale in human history to date.

The United States has relied on 40 years of continuous production of US dollars and "exported" to countries around the world to "exchange goods", paving the way for the US dollar to dominate the world. At the same time, it also allowed inflation to spread all over the world like an infectious disease. Americans have gained the benefits that are difficult to describe in detail in the process of depreciation of the US dollar. By depreciating the debt, borrowing and then depreciating again, and circulating back and forth, it has occupied a large amount of social wealth created by people from all over the world for free. Simply put, the United States "export exchange" and countries "export exchange foreign exchange". The so-called American spirit is concentrated in the US dollar, which is selfishness, gain without effort and greed. Data shows that in the past five years alone, the United States has used the depreciation of the US dollar to "evaporate" its foreign debt by US$3.58 trillion.

After Standard & Poor's downgrade of US Treasury bond rating, Citibank claimed in the report that even if S & Poor's downgrade of US Treasury bond rating, central banks of various countries would not sell US Treasury bonds. This is because foreign central banks cannot find a place to replace US Treasury bonds as a place to stop large foreign exchange. Secondly, foreign central banks cannot avoid losing the remaining value of the remaining value when selling US Treasury bonds. This argument also has a large market in China. In addition to the above reasons, there is also a saying that US Treasury bonds must be bought, believing that US Treasury bonds will not default. The US dollar is the core currency in the international monetary system and will not fall into a situation where they cannot borrow money like European countries.

Everyone knows that the possibility of the United States not being able to print US dollars in repayment is very small because it is impossible for the United States to print US dollars without any restrictions. However, the most terrifying thing is that as long as the United States can print and repay debts without any restrictions, the US dollar can always depreciate all the way. The result is that foreign central banks are forced to choose long-term pain to avoid short-term pain. Now selling US bonds may not be able to avoid losses in the remaining value, and continue to hold US bonds for a long time in order to avoid losses in the remaining value, for example, what will be the result?

Please see the exchange rate between the US dollar and gold over the past 40 years, which is a 50-fold difference. This is probably the outcome of holding US dollar and US bonds for a long time. The difference is 50 times, and it may be a better result. According to my judgment, the depreciation rate of the US dollar will further accelerate in the next 40 years, and it is very likely that the US dollar will depreciate by 100 times compared with gold in the next 40 years. This is the real value of the US dollar. [I actually don’t like to post information, it destroys the rhythm of the book, but not posting information, it really makes people feel inexplicable]

After reading the information, the room was silent. After a long time, I sighed a few times. These revolutionary predecessors were all top politicians, not yy's local buns online. Naturally, I saw the de-industrialization problem after the US dollar was over-issued...

"Deindustrialization, the way to die..." The chief accountant sighed and fell into deep thought.

"Didn't the British Empire fall on this? Why do the United States still... want to repeat the same mistake?" Comrade Hu Fu said in confusion.

"It seems that according to Comrade Bai Yu, the United States has to do so under the Soviet welfare system offensive. Otherwise, the high wages caused by high welfare have no competitiveness except a very small number of industries... I just wonder, who should the United States transfer industry to? The labor quality is high enough and the labor price is cheap enough - then only Japan..." Premier Wu Hao reasoned, but the conclusion made him a little suspicious.

"Japan is a country with a higher ambition and a thinner life than paper. If Japan is transferred by the American industry, coupled with the extremely hard-working and hard-working personality of the Japanese, its strength has increased rapidly. I am afraid that it will challenge the United States again in a few decades, right?" Chairman Li Desheng frowned and calculated that he obviously didn't believe this conclusion.

"The revolutionary predecessors did not notice that the deindustrialization of the United States and the British Empire were very different. After the deindustrialization of the United States, it still maintained maritime hegemony and controlled the channels for international trade. At the same time, because the United States itself has high welfare, it is the largest consumer market in the world, so the whole world uses US dollars to settle the consumption except the Soviet Union and Eastern Europe, and consumption is basically controlled by the United States. Japan only has one production item in its hands. How can it be compared with the United States before World War II?" Liu Baiyu reminded.

"And more importantly, all revolutionary predecessors, Japan is not an independent country, and national defense is in the hands of the United States, and the Tokyo District Attorney is a vicious dog in the United States to kill Japanese nationalism. More importantly, international financial hegemony is in the hands of the United States. The Chinese Street has raised the yen and dropped it - how can Japan export it?"

Historically, before Japan was overwhelmed and declined in the late 1980s, it once clamored to buy the United States, but was defeated by the US Square Agreement, which controlled the channels for international trade and the financial hegemony, and ushered in a lost thirty years. The economy was still in place for thirty years - even the most pessimistic economists could not predict it.

"But the problem of de-industrialization in the United States itself is not solved, and industry is all in Japan's hands - Bai Yu. Is it true that although the United States itself de-industrialization, it has used its ability to control international trade and master financial hegemony to transfer industry from Japan again?" Chairman Li Desheng had a very keen mind and actually guessed the future.

"Yes, Chairman Li Desheng, you guessed it completely right - not only, the United States has transferred industry from Japan again - but it has been constantly shifting -" Liu Baiyu was about to continue, but was interrupted by the Chairman:
Chapter completed!