Wang Qiang's economy is just the level of eating melons in primary school, and he was suddenly confused in the face of this question: "Is this the junior high school course of economics?" ”

Su Su shook his head and smiled: "No, this is a strategic issue. There has never been pure economics, only political economy, social economics and so on. Just like Abenomics said earlier, he played with the depreciation of the yen, and he wanted to solve an economic problem, but he was faced with the problems of Buddhist youth and aging Japanese society, and he could not solve it. ”

Wang Qiang's spirit perked up: "The strategic problem is good, my brother is the most strategic!" ”

Su Su said: "I will give a direct answer to eat melons - this is a good opportunity for the enemy to retreat and advance and promote the internationalization of the RMB." Therefore, instead of raising interest rates, the RMB may also cut interest rates, cut the reserve requirement ratio, and release water ......"

Wang Qiang was momentarily stunned: "Release the water? RRR cut? What do you mean? ”

Su Su replied: "The meaning of water release is that the bank puts some money into the market, so that there is more money in the market and increases the cash flow of the market." It is usually carried out through low-interest loans, repurchase of treasury bonds, etc. ”

Wang Qiang was surprised: "Repurchase treasury bonds? ”

Su Su said with a smile: "Yes, when the country is short of money, it needs to absorb the liquidity of the people, and the bank interest rate hike is a magnifying move, which will affect the stock market and foreign exchange market." Therefore, the interest rate of treasury bills is higher than that of banks, and ordinary people have to queue up at the door of the bank early in the morning to grab them. In short, the effect of issuing a large number of government bonds will reduce the amount of money in circulation. Therefore, if you want to increase the flow of private funds, you should operate in reverse and buy back all the treasury bonds that were previously sold. ”

Wang Qiang nodded: "Oh, I understand." But if there is more money in the market, won't inflation and prices rise? ”

Su Su smiled: "This is just an ordinary currency, and the dollar does not exist if it is an international currency." For example, the United States printed a lot of money in 1933 to get out of the crisis, but if a large amount of money continues to stay in the country, it will inevitably cause the price rise and inflation that Brother Qiang said, so the United States is to print more money and use it to invest in the poor jingle Germany. ”

"Also in the 70s, the United States was mired in the quagmire of the Vietnam War and the economy was on the verge of collapse, and the United States was also frantically printing money to support it. The extra money could not stay in the United States, so the United States invested in Southeast Asia, giving birth to four tigers. In short, this kind of investment of excess dollars in the world, loans, is called water release. ”

Wang Qiang understood: "What about the RRR cut?" ”

Susu replied: "Abbreviation for reducing the reserve ratio. The deposits absorbed by the bank must not be used out entirely, and a part of it must be retained, and this part of the deposit is called reserves, and at the same time, all local branches must send a part of the deposits to the central bank to the central bank as reserves. The RRR cut means that banks don't need to keep so much deposits, and they don't have to send so much money to the central bank. ”

Wang Qiang said: "That is to say, the RRR reduction is a condition for releasing water." ”

Su Su smiled: "Yes, the RRR cut is a momentum that has no impact on the market, don't confuse it with an interest rate cut." As long as interest rates are cut, savers will stop saving money, and will withdraw money to spend or speculate in stocks, and the market will fluctuate. In short, RRR cuts, interest rate cuts, and water releases are all fancy operations to put money into the market. The opposite operation is called balance sheet reduction, interest rate hike, and water release, which are all common means for banks to operate the return of dollars. ”

Wang Qiang was stunned: "Shrinking the table? ”

Su Su replied: "The abbreviation of reducing the debt balance sheet means that the state orders are directly issued, and the banks are not allowed to lend out. With the interest rate hike destroying debt, the monetary liquidity in the market will be reduced, that is, the money will become valuable, and the effect of stabilizing prices can be achieved. In short, these operations that recover a lot of money in the market are collectively referred to as pumping. ”

Wang Qiang nodded: "Understood!" ”

Su Su nodded: "Okay, let's engage in these basic terms, in conjunction with the appreciation and depreciation of the exchange rate mentioned earlier, then let's see how the dollar sucks blood all over the world." First of all, take the Latin American countries in the 70s as an example, when the dollar was printed too much, they would release water here, asking for money, money, equipment, equipment, population, and so Latin America was prosperous in the 70s. ”

Wang Qiang said: "Then fattening, the dollar will raise interest rates + appreciate the debt of the big move!" ”

Su Su said: "Yes, their prosperity is based on borrowed dollars, and suddenly there is a big move to force debts, and their dollar foreign exchange reserves can only go back to the United States to repay debts, and at the same time, the money in the stock market will go out to eat interest." Then their own country is forced to pay debts and the stock market crashes, and there are not many dollars, and international trade to buy oil or something must be dollars, and trade between countries only accepts hard currency such as dollars, and they will suffocate and go bankrupt without dollars. ”

Wang Qiangming: "Then at this time, the dollar came back to buy the bottom and bought these bankrupt factories and mines at a low price!" ”

Su Su said with a smile: "Yes, but the international financial capital buys the bankrupt industrial and mining industry not because of the interest in developing industry, but when the market improves, it is just to resell it at a high price." During this period, there is a legend - the king of bankruptcy and reorganization, Wilburrose! That is, the Jew who was appointed by Sichuan Jianguo as Minister of Commerce and came to China to negotiate a few days ago. In the past, Jianguo played real estate and bankruptcy, and the king of bankruptcy actually let Jianguo go, so Jianguo has always been grateful and in awe of the king of bankruptcy. ”

"In short, the routine of the dollar to suck blood is to create a crisis, release water, pump water, crisis, release water...... This is known as the dollar tidal wave, which usually has a ten-year cycle. How to deal with the tyranny of the dollar? Europe introduced the euro, giving the world a second hard currency option in addition to the dollar. And what about China? At that time, others didn't recognize the RMB! ”