1. Once the U.S. government starts the debt reset agenda, it means that global food prices and oil prices have started a new round of growth, and global inflation is coming. This is a political event implemented through economic means, so it needs to be paid attention to at two levels. First, on the economic level, the scale of futures options trading of grain and oil has increased, and the CPI data of various countries have climbed, making it more difficult to fight inflation; Second, on the political level, geopolitical conflicts in oil-producing areas have intensified, and local wars may occur, especially in East Asian countries, which are big creditors of US Treasury bonds and face greater challenges. In a certain sense, the main target of this US debt reset is East Asia (inflation caused by China's excessive US dollar reserves)

2. The United States has suppressed non-US dollar currencies, with the focus on the euro, which is determined by its proportion in the composition of the US dollar index and its own weaknesses. Therefore, with the clear appreciation trend of the US dollar in 212, the euro zone will become the hardest hit area of the currency, and the currency war will mainly be launched here. At the same time, with the acceleration of the US dollar index, the global resource asset bubble will burst, and resource-based countries will be frustrated, with Russia and Australia as the representatives, and asset-based countries will suffer heavy losses, with Asia as the representatives. Among them, China's real estate and investment-driven development model is facing challenges, and China must cope with the challenge of economic landing (China's economic transformation)

3. The asset bubble in China has attracted an empty layout of the international capital market with "CDS" as its operating mode. How to deal with it?