Fifth, turn danger into relief

Nixon's televised speech shocked the world, and the United States suddenly and unilaterally tore up the currency agreement signed by many governments in 1944 without any notice, which aroused great indignation in the West. The next day www.biquge.info the "New Economic Policy" of the United States made headlines around the world, causing an uproar. As a result, the price of US bonds soared, the stock market soared by nearly 4%, and the stock exchange on Wall Street became a sea of joy. In contrast to the United States, the stock markets of other countries have plummeted. Japan was hit the hardest, as the Bank of Japan bought $4.5 billion, equivalent to all of Japan's reserves, in early August. The entire Tokyo Stock Exchange was in a state of panic, as described by the New York Times: "Sell orders at all costs sent market prices plummeting," which the Japanese dubbed the Nixon Shock. An American wanted to buy a loaf of bread in Paris, and when he handed the $1 to the baker's master, he was told that "$1 is no longer as valuable as it used to be". Nixon's "New Economic Policy" was the first post-war unilateralism of the United States, which severed the binding of gold to the dollar, and the Bretton Woods system has since existed in name only.

In the Bretton Woods system, the dollar was like the "prime minister" who held the Son of Heaven hostage to order the princes, and gold was the "Son of Heaven" who was held hostage. No matter how great the power of the "prime minister" is, and how domineering his momentum is, after all, the "prime minister's power" is still subject to the constraints of the "imperial power," even if this restriction is only formal. The "gold dual-price system" and "special drawing rights" are to transfer the "imperial power" to the "relative power" step by step, while President Nixon's "New Economic Policy" is an edict announcing the abolition of the gold "emperor" and the enthronement of the dollar to succeed the "emperor". Since then, the US dollar has dominated the world currency and become the hegemon of the world currency.

The dollar has become the hegemon, without the constraint of gold, the world's economic bubble also came out, and during the 2008 financial crisis, the Federal Reserve moved out of the money printing machine according to the needs of the U.S. economy itself, and carried out three quantitative easing money printing, thus blowing the dollar bubble around the world.

As soon as the governments of various countries in the world saw that the United States had turned on the money printing machine to print money to relieve their own economic difficulties, they also moved out of the money printing machine one after another to follow the example of the Federal Reserve in printing money to relieve the difficulties of their own economies; this time, from the Americas to Europe to Asia, the governments of all countries in the world were turning on the money printing machine to carry out quantitative easing, so that the money printed by the money printing machine was rampaging all over the world to form a huge liquidity dam lake, and wherever it flocked, huge bubbles would appear, bringing huge risks! In this way, the governments of all countries in the world entered the predicament of bubbles.

So what is the best way to get governments out of the bubble? Here we quote a quote from US presidential candidate Bernie Sanders, who proposed a radical political program: a health insurance system that covers all people and is paid for by the federal government alone, dismantling the big banks on Wall Street, tightening regulations on big business and multinational corporations, raising taxes on the rich and corporations, abolishing tuition fees at public universities, and reducing the federal minimum wage from the current $7.25 Raising the hour to $15 per hour, imposing paid maternity leave, shortening the time it takes for illegal immigrants to naturalize, imposing a carbon tax on polluting companies, banning the use of fracking to extract natural gas, opposing free trade and regional trade agreements such as the TPP, opposing U.S. military intervention abroad, and more. It cannot but be said that Sanders' platform is an intriguing move.

In the real world, because countries around the world have turned on the money printing machine to print money, it has caused strong liquidity to blow up financial bubbles, real estate bubbles, and debt packages, and the financial economy, quantitative easing, Internet economy, and real estate economy are mostly "balloon economy" bubble economy. The bursting of the bubble economy will inevitably bring a devastating blow to the world economy.

At the social level, the gap between the rich and the poor has widened, and economic globalization, trade liberalization, real estate bubbles, financial bubbles, and low interest rates of banks have tilted wealth to a small number of people in large capital. Various platforms on the Internet have increased their efforts to promote the expansion of various bubbles.

18 January 2016 – Oxfam predicted last January that the world's wealthy 1% would own more wealth than the remaining 99% of the population combined.

The widening gap between rich and poor, the distorted reality of wealth distribution, indebted governments, and the economic bubble that fills the world are about to herald a storm.

How can human beings turn danger into safety and security before the storm comes, which requires human beings to exert efforts in three aspects, squeeze 99 percent of the wealth held by the world's 1 percent of the rich class to less than 25 percent, and fill the world's debt pit with the squeezed out wealth, so as to dissipate the endogenous power in the economic bubble and resolve the risk of the bubble bursting.

The money squeezed out of wealth will be used to establish a relief fund for the world's poor, helping the needy to tide over the difficulties and move towards the road of abundant food and clothing.

The printing press is added to the chain of gold, and the issuance of banknotes by governments should be issued in proportion to the amount of gold owned by their countries, so as to curb the indiscriminate issuance of banknotes. Suppress housing prices to a reasonable price range, so that funds flow into the real economy.

This is my heartfelt remark on the predicament faced by human development, and as for whether mankind can do what I say and achieve stable development, it only depends on the concerted efforts of everyone.