When the U.S. economy is in a downturn, the Federal Reserve releases water to stimulate domestic demand and investment. At the same time, a large amount of funds spilled over to the global market, and while buying in buy buy, they exchanged paper money with zero cost for scarce resources and products in other countries. As the United States bought in buy buy, the global prices of resources and energy rose, which was transmitted to the United States to generate inflationary pressure. In order to curb inflation, the Federal Reserve chose to raise interest rates. The Federal Reserve raised interest rates, and the spilled funds began to flow back to the United States and returned at a profit. In this process,

, the US dollar appreciates, and the people of the United States can buy global goods at lower prices, thus alleviating the domestic inflationary pressure. At the same time, the country where the dollar flows out is another scene. On the level of commodity trade, the interest rate increase of the US dollar led to the decline of domestic demand in the United States, which was manifested in the decline of exports of other countries and the slowdown of the economy. At the same time, the appreciation of the dollar corresponds to the devaluation of other countries' currencies, which raises the import cost and faces the pressure of imported inflation.

1. Why does this open plan, which is understood all over the world, succeed repeatedly? The reason is that the hegemonic position of the US dollar is still very stable, and many countries lack the power to resist < P >. The hegemonic position of the US dollar is reflected in that the Fed's policies can influence the liquidity of the global capital market, while the Fed's easing or tightening only depends on its own interests, but its policy decisions will have a global impact. In many cases, the two are in conflict. Because the policy makers (Fed) only pay attention to the interests of the United States, the party whose interests are damaged becomes the one who is harvested.

as for why there is no other currency to replace the dollar? There are only a few currencies that can be played in the world. The Japanese yen and the euro have had opportunities window

successively, but they are doomed to be difficult to succeed because of their political and military independence.

At the same time, in the era when the world is worse, countries such as America's industrial structure and

economic vitality are much stronger. Whenever the global economy is in recession, funds will choose US dollars to hedge. After all,

Euro and Japanese yen may be even more unreliable.

some people may ask, what about RMB? The renminbi is still growing and is gradually emerging. In the next five to ten years, the world is

concerned about whether RMB injection can seize the opportunity. If we can successfully tear a hole in the hegemonic system of the US dollar, we can effectively resist and

slow down the ability of the US dollar to harvest the world. At that time, there will probably be a new version of the story of the US dollar harvesting the world.

Second, the Federal Reserve's policy of raising interest rates by releasing water and harvesting the whole world is just a thing of the past, and it is no longer possible. Catching Monopterus albus is not in the original cage, and there are new changes every time, just limited by past experience. Experience will lead to a blind spot of understanding, and this time the United States itself will have a great influence.

The continuous interest rate increase of the US dollar will lead to the bursting of the two biggest bubbles in the world

One is the US stock market, and the other is the real estate

The US stock market Nasdaq 1 has fallen by 3%(-29.52%) so far this year, and the sales area and sales amount of real estate have continued to decline.

However, the real estate industry had problems last year, and now all localities are trying to solve them, which has actually made a soft landing.

However, US stocks have been rising in the past because of excessive leverage, and the decline began this year, which is more likely to trigger the risk of financial crisis.

Third, the whole development speed will slow down. Some enterprises have become zombie enterprises that pay off debts in order to pay off interest because of high leverage. In fact, they have gone bankrupt, and they can only be kept from going bankrupt in order to pay off debts.

The funds originally used for investment are now used for banks to earn interest. Without investment, it is impossible to buy real economic products, which is also beneficial to sales enterprises. Because investment entities don't make money, others are willing to let them earn interest in banks, which will lock up a lot of social funds. Stocks are not only stocks themselves, but also convertible bonds, warrants, index funds and various funds, which will affect the inflow of funds into the stock market.

because of the high interest rate, the interest rate of issuing bonds will be higher than that of bank deposits, otherwise no one will buy it, so the conservative investment income of casually buying debt is better than that of the stock market, and it will not be invested in the real economy, which will lead to a large-scale

reduction of investment in the whole society, such as no one will speculate in real estate. Because the emerging countries have no money, it is difficult to sell the high-profit products of the United States. For example, the chip companies that export major items from the United States have been cutting orders on a large scale recently. Many countries under the American economic system have no money to buy the expensive products of the United States because of the impact of the return of capital from the US dollar interest rate hike. Many American giants sell globally, and the decline in global market sales will reduce the global income of American giants.

Fourth, this has nothing to do with economics. At the peak, the ruble passes through the CMEA, and the ruble is as strong as the US dollar in external transactions. The principle

is super simple. The issuer of the world reserve currency is not the country with the strongest economic competitiveness, but the country that rules the world. The industrial production of the United States

surpassed that of the United Kingdom before World War I, because at which stage

Britain was the ruler of the world and had a vast colony until the United States and the Soviet Union.

then the U.S. stock market is bound to fall, for the simple reason that funds will not be invested in the stock market. When the benchmark interest rate reaches more than 3%, the economic development of the United States has not reached 2% in the previous year. At this time, the income deposited in the bank is higher than that invested in the economy, and it is much more stable. In addition, because the benchmark interest rate is above 3%, the issuance of bonds such as corporate bonds must be above 3%, because there is a certain bad debt rate, otherwise no one will buy bonds. In this way, the financing cost of the whole enterprise will be very high, which will also be a huge pressure on US stocks. Some floating debts and convertible bonds will all form pressure, that is, enterprises lack cheap funds, and leverage is no longer difficult to add up.