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Chinese Money Is Consumed By Americans.

2011/8/12 8:35:00 35

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Want to make complicated Sino US

wealth

It is too difficult to pfer with a graph. The above picture is just a bit of a struggle.

If someone has read the series of topics on the sidebar, it must have known the meaning of this picture. Here is an overview.

The Central Bank of China has two pools, one for RMB and one for clothing.

dollar

。

The pool of RMB is empty, because the RMB flowing into it is basically used to buy dollars, and the dollars bought are put into the dollar pool to form foreign exchange reserves (as of June this year, foreign exchange is equivalent to 22 trillion and 600 billion yuan).

There are two sources of money flowing into the RMB pool. One is to draw deposits from the financial institutions of the industrial and commercial bank and other financial institutions in the pool. This is the money borrowed from the central bank. The balance sheet of the central bank shows that the deposit reserve fund drawn up by the end of June this year has a huge 20 trillion and 300 billion, and the second is the issuance of Renminbi, that is, printing money, because printing money will devalue the currency, that is, inflation, so it is equivalent to borrowing money from all the holders of the Renminbi (of course, mainly the Chinese). The balance sheet of the central bank shows that the balance sheet has been cut off. The money borrowed by the bank in June is 4 trillion and 900 billion.

Someone here wants to ask, why is the line borrowed from the picture a dotted line?

This is from the words of a deputy governor of the central bank.

He said: "foreign exchange reserves are not the cause of inflation, because the money for foreign exchange is not printed out, but reserves are used, so we do not print more tickets because of the purchase of foreign exchange.

This statement itself contradict itself. Since it is a "reserve", how can it be spent? Can it still be called "reserve" if it is spent?

Why did the central bank dare to prepare for the golden flower, not because it had banknote printing machines?

Therefore, the preparation of gold flowers must be equivalent to using the banknote printing machine to create an equal amount of preparation Treasury. In the final analysis, the money flowing into the RMB pool comes from the currency issue.

That is to say, the actual number of currency issuance is 4.9+20.3=25.2 trillion.

such

A huge sum

The introduction of money to the market is the root cause of China's price rise in recent years. The price here refers to the general price level rather than the CPI, and the 5900 yuan in the introductions is not accurate according to CPI.

This huge sum of money is mainly marketed through the purchase of US dollars.

As the central bank bought 1 US dollars at a high price of more than 6 yuan, the US dollar went from the Chinese exporters and the foreign businessmen in China to the central bank, forming an external reserve.

Foreign reserves should buy US Treasury bonds, that is, lend to the US government in order to preserve value.

The US government also borrowed money from the Federal Reserve, and the Federal Reserve lent it to the US dollar. The issue of the US dollar is equivalent to borrowing money from all the US dollar holders. Its principle is exactly the same as that of the Central Bank of China in issuing renminbi to the renminbi holders.

In this way, most of China's foreign reserves were borrowed from the dark.

After borrowing the money, the US government conveyed it to the Americans in the form of welfare.

Some Americans buy some "made in China" from Chinese exporters or invest in China.

The essence of the whole process is Zhao Benshan's Spring Festival Gala, which means "Americans borrow money from us," but Zhao Benshan is proud to be proud of it.

Because Americans can borrow money from Chinese people, Americans can never cheer up and do nothing.

This kind of lazy spending costs almost the same amount of borrowed money, and then broke out what subprime mortgage crisis, the three auto factory crisis, debt crisis and so on. Then the United States launched a new round of borrowing to calm down these crises.

So there is no problem with us debt, but

U.S.A

People do have problems. S & P downgrade the US debt rating is wrong to reflect the latter problem on the former, while the stock market turbulence is actually a concern for Americans (in fact, Europeans have the same problem).

Americans take the money of Chinese people to make a fool of themselves, while the Chinese complain loudly in front of high prices. It seems that Americans are shameless.

But if Americans feel shame, there will be a lot of Chinese and others anxious.

You can't see: 1, when the Americans ask for appreciation of the Renminbi (that is, the Central Bank of China should not pay a high price for the US dollar), most of them are

China

People scolded the US for their ambition; in the 2 and 2008 financial crisis, when the Americans had some convergence and reduced consumption, "China made", the Chinese government and the government were eager to jump up and down.

Of course, there is also a shameless place in the United States, which is to plot against the US dollar holders of other countries through the currency of the Federal Reserve. But what is the use of moral condemnation? Americans do not sit on their backs.

Only when the central bank stopped buying the US dollar at a high price and left the US dollar in the market, could it stop the rich rich game. Maybe a dollar could only sell 3 yuan at that time.

In this way, even if the central bank's foreign exchange is sold, the yuan will be far from the money borrowed, so it can be seen that dark borrowing is "take". Zhao Benshan's words should be changed to "Americans take money from us" or "Americans spend their money".