Chapter 428 Physical education teacher talks about currency crisis - unlimited money printing!
Hearing Wang Qiang laughing, Su Su said in a deep voice: "Brother Qiang shouldn't laugh, the problem is very serious. In fact, there are still two ways that ordinary people can think of to solve the economic crisis in the United States. Do you know?"
Wang Qiang was stunned for a moment: "What ordinary people can think about? Let me go. My brother is in the fourth grade of elementary school, so I don't know..."
Su Su said in a deep voice: "Think about it carefully! Didn't Brother Qiang come up with two unconventional methods to solve the food shortage before?"
Wang Qiang said in surprise: "Dividate equally and kill the excess people?"
Su Su said seriously: "Yes! Two methods, one is to fight the local tyrants and divide the land! So the undercurrents under the United States just said are not a joke. There is a mystery in the news that a special footage of the founding of the country was made by the head of state by PS. Then the second method is to start a war. This is how the First World War II actually fought, and there are economic boosting factors."
Wang Qiang was shocked: "But these two things did not happen?"
Su Su sighed: "Yes, the involvement is too big. In fact, on the day when Sichuan Jianguo officially took office in 2016, except for one of the 12 overseas aircraft carrier formations of the United States continued to stay in the South China Sea, all 11 of the other ships returned to the news of the United States and said it was 'maintenance'. However, the people who were all aware of the US aircraft carrier formations being on rotation. Who would believe that they would be repaired when they went back?"
Wang Qiang said in surprise: "Forcing the palace? Or serving the king?"
Su Su sighed: "The inside story is too deep, so we melon-eating people can only imagine it. In fact, the United States still has a way, and it is being used, so it has never stopped."
Wang Qiang frowned: "Unlimited printing of money!"
Su Su clapped her hands and praised: "The answer is right! Then after learning the economic crisis, then learn the currency crisis by the way. The meaning of the currency crisis is very simple. It means that when the country has no money, it keeps printing money, and then printing it into fiat currency, Zimbabwean coins, and it becomes waste paper. In fact, the only way for the United States to survive now is to print money and print various government bonds, junk bonds and other debts and bad debts by printing money and paying back money. What a simple thing? Children can do it. In fact, Europe has been printing money continuously after it is deeply involved in the European debt crisis. It has not stopped since 2008. No economic and financial model can stop them from printing money. Brother Qiang, you must have questions?"
Wang Qiang said in shock: "There is a big question! The US dollar and oil are bound, so it is not surprising that you can keep printing money. But the euro said before that is not funny? Why does it keep printing money? Why hasn't the euro become waste paper yet?"
Su Su laughed and said, "Brother Qiang thinks, what is the essential difference between the US dollar and the fiat currency Zimbabwean currency?"
Wang Qiang said in surprise: "Of course it's because the US dollar and the euro are both mainstream international reserve currencies, and the two others don't recognize them."
Su Su sighed: "That's right! For example, if one day, the money you saved by the anchor for many years suddenly became waste paper, would you rather?"
Wang Qiang did not hesitate to think: "Of course I don't want to!"
Su Su smiled and said, "For example, Japan worked hard for many years to sell a lot of things in the United States, and then reserved hundreds of trillions of dollars. If one day, these trillions of dollars suddenly become waste paper, would Japan want to?"
Wang Qiang seemed to understand: "I don't want to!"
Su Su smiled and said, "Then other ordinary countries can't afford to lose money, and they are even more reluctant. Once the US dollar dies, they will be completely finished. So no matter how much the US dollar prints, they have to grit their teeth and admit it! As long as you use it, money is money. So, when a crisis occurs in the United States, it can drag the whole world into the water and force the whole world to save the dollar. Just like a debtor is about to die, all his creditors will come to save him."
Wang Qiang immediately understood: "This is kidnapping the whole world with the US dollars reserved by other countries!"
Su Su smiled and said, "By the way! So, the US dollar is bound to the military power of the US military and has international credit. The countries around the world must recognize that this is the cornerstone of the US dollar. When they have reserved a large amount of dollars, they are kidnapped by the US dollar. If they don't play with credit, they will become waste paper if they print money unlimitedly? This financial rule is not very useful for overlord currency."
Wang Qiang browed: "But 'not very useful' does not mean it doesn't work?"
Su Su smiled and said, "Yes, take Japan as an example. The American father prints unlimited money, and Japan recognizes it. As long as it is green paper, you can buy things from Japan. The more dollars Japan reserves, the deeper it is kidnapped by the US dollar, and you must support the US dollar wholeheartedly. So with Japan, the United States prints unlimited money very happily. Then, quantitative change causes qualitative change, when Japan reserves too much US dollars to threaten the status of the US dollar."
Wang Qiang was happy: "It's what I have been saying just now that Japan kidnapped the United States! You can use the suicide-hit tactic to drag the United States into the water!"
Su Su laughed: "Yes, in the same way, China also has trillions of dollars. This is a financial nuclear bomb that is enough to destroy the US dollar. At the same time, China will not be kidnapped by so many dollars."
Wang Qiang excitedly shouted the slogan again: "As long as the US dollar is scrapped, there will be a sea of stars in front of China. The losses of these trillions of dollars into waste paper are not worth mentioning!"
Su Su smiled and said, "As for the funny guys like the innate shortcomings of the euro, why can they print money unlimitedly? Brother Qiang said?"
Wang Qiang patted his head: "Brother Kao again?"
Su Su smiled and said, "If you answer correctly, you will be able to graduate in the fourth grade of elementary school."
Wang Qiang browed: "The congenital deficiencies can be made up for the acquired ones?"
Su Su nodded: "It's close to the correct answer!"
Wang Qiang said uncertainly: "China is supporting him?"
Su Su smiled and said, "The answer is right! Since the outbreak of the European debt crisis in 2008, China has exchanged a large number of medium and high-end technologies from Europe on the condition of technology exchange for borrowing money. China has invested a lot in Europe. This is why China has helped Europe block the fatal capital gap. As for what remains, Europe's self-salvation Europe's current method can only be the same as the United States, with unlimited printing of money and perseverance. This is the financial fun of the terminally ill capitalist world, which is also absurd and stupid!
"As for why China has to hold on to Europe? Because Europe, which has divided the US dollar cake, cannot fall down at least not before the United States."
Wang Qiang immediately understood: "Once Europe falls, the United States will be resurrected!"
Su Su sighed: "Correct! On the earth today, as long as China and Europe fall, the United States will be saved. If Europe falls, the United States will be resurrected in half. But if China falls, the United States will not only be resurrected in full blood? It will last for thousands of years, and history will end here! In short, the currency crisis is just like this. Then there are fiscal crises and bank crises. These are either lack of money or the money lent out by banks cannot be collected due to various bankruptcies. These are simply not worth mentioning."
Chapter completed!