Talk: that the United States is the world's most cattle Yang bailao

Talk: that the United States is the world's most cattle Yang bailao

March 28, 2009/Dong Xiucheng

A long time, the United States relies on its economic strength and political forces, plays a leadership role on the international stage.

Dollar as the world currency, United States Federal Reserve Board (United States Central Bank) objective as the world's central banks, because $ issue has not only limited to United States home, about two-thirds of the US dollar as reserve currency scattered in every corner of the world.

Due to the dollar this special status, allowing United States never concerned about the national budget deficit and trade deficit, $ simply excessive overdraft credit, the equivalent of loan and do not need to pay any interest to the world.

China has a large foreign exchange reserves, at the same time with large dollar bond (assets), is the United States largest creditors. Followed by Japan, is also a United States one of the major creditors. United States Government and Americans is the use of these creditors of borrowing, sustain the demand for their long-term economic prosperity and luxury consumption, lending and overdrafts resources to support the current life of future generations.

United States wage war with borrowed money, maintaining a large military expenditure, on what in the world, to the interests of the creditors dismissive, even often suppress the creditor countries, pingtoupinzu, like there would be no way owe people money.

United States know that the present international monetary and financial system is dollar-centric system, he had no way of other countries, even the creditors also have to look at his eyes.

Recently, the United States Federal Reserve dished out to acquire United States Government bond programme, is actually a disguised issued dollar plan, to us $ inject huge scale of the world, will inevitably lead to the dollar, those are precisely those countries with dollar assets.

That being said, United States really is the world's most cattle Yang bailao! In order to maintain their own assets, Huang Shiren must also continue to lend him to avoid further losses.

"Huang Shiren if you do not lend to me, that I will have to start the machine printing dollars, you and I who would suffer? "This is the logic of Yang bailao, although seemingly some absurdity, but is an objective reality, poor Huang Shiren is helpless.

Thrives! But the world!