Second, promote financial openness and financial liberalization on a global scale, and further harvest high-quality assets monopolized by various countries with high added value and high returns;
Third, urge individual target countries to fully implement the national economy privatization policy. In many countries, some high-quality monopoly assets with high returns are state-owned assets, and only by privatizing assets first can they be further harvested;
Fourth, link the dollar to crude oil.
Dollar currency abbreviation USD, ISO 42 17, currency code USD, symbol US$. The US dollar is the legal tender of the United States of America, El Salvador, Panama, Democratic East Timor, Micronesia (Federated States of), Kiribati and Palau. Dollar banknotes in circulation are all versions of banknotes issued since 1929. 1792 appeared after the passage of the American mint law. The issuance of dollars is controlled by the Federal Reserve system. The United States began to establish the Federal Reserve system and issue Federal Reserve bonds in 19 13. More than 99% of the banknotes in circulation are federal reserve notes.
Definition of dollar hegemony:
Dollar hegemony means that the dollar has brought many economic benefits to the United States in the process of implementing functions of money, but it may also have various negative effects on the economies of other countries. Dollar hegemony is the most complicated financial system in history. In human financial affairs, the currency hegemony imposed by a country's dishonored banknotes (banknotes issued by the government that cannot be converted into gold or silver, and their purchasing power comes from the authority and credibility of the government) through floating exchange rates and free convertibility appeared for the first time. The global financial market makes it possible to form this monetary hegemony.
The economic impact of dollar hegemony;
Dollar hegemony is beneficial to the American economy in an ideal situation.
The first step: the Federal Reserve printed a large number of dollars, and a large amount of capital overflowed abroad, which promoted regional economic development. A large amount of investment has stimulated the production of a large number of commodities and exported them to the United States, greatly enriching the American commodity market.
Step 2: The U.S. imperialists use diplomatic, military and economic means to force foreign currency to depreciate, aggravate regional turmoil and create diplomatic disputes. And forced foreign economies into trouble. At the same time, the Federal Reserve reduced the money supply and the dollar output, which led to the decrease of regional investment, the break of capital chain, the soaring foreign debt and the deterioration of investment environment.
Step 3: The Federal Reserve announced a rate hike, and international investors withdrew funds from abroad and returned to the United States, pushing up the US stock market, bond market and futures market. The United States easily acquired high-quality assets that fell to floor prices abroad with the inflow of capital.
In this way, the United States can easily acquire the wealth of the world by controlling the appreciation and depreciation of the US dollar as an international reserve currency.