Chapter 820 (1/2)
A country's foreign exchange.
It is the foundation of financial markets.
It is also a barrier to national wealth!
Foreign exchange generally adopts ”fixed exchange rate system” and ”floating exchange rate system”.
”Fixed exchange rate system” is a fixed binding between the exchange rate of national currency and the subject matter with stable value and strong purchasing power such as gold or US dollar.
”Floating exchange rate system” fluctuates according to the requirements of money supply and demand.
Because the ”fixed exchange rate system” has a value target, and the target is stable, the wealth barrier is strong.
It can adequately protect national wealth.
”Floating exchange rate system” is to open the door of national wealth to the capital market
The ups and downs are the most intense!
And no security barriers!
Therefore, the ”fixed exchange rate system” is much better than the ”floating exchange rate system” in stability and security.
The first country in the world to adopt the ”fixed exchange rate system” is the ”United States”, which sets the gold price at $35 an ounce, completely establishing the global trade value of the United States dollar.
Therefore, the dollar has the title of dollar!
Gold is a non renewable precious metal with industrial, financial and collection effects.
This move of the United States is very powerful!
Looking around the world, gold has represented wealth since ancient times... Therefore, when the United States began to infiltrate financial and trade into other countries in the world, it recommended taking ”US dollar” as the target, implementing the ”Bretton Woods system” and making ”US dollar” the world currency!
It has become the monetary target of most countries affected by western capital.
In the eyes of those third world countries that trust western capital, the US dollar is equal to gold. What's wrong with taking the US dollar as the target of ”fixed exchange rate”?
This is no different from using gold as the standard.
There can also be U. S. economic assistance, trade preferences, tariff relief
It's blood!
Therefore, each country under the Bretton Woods system has to reserve some US dollars for every currency printed.
To ensure currency stability.
Ensure the international exchange rate and purchasing power of currencies.
So as to trade and develop the country.
You know, a country cannot develop on its own... It can only make a living at most.
Only by opening up exchanges and trade can China's accession accelerate development.
At this time, the currency exchange rate is the chip of national trade.
Unfortunately, many countries do not know when to open and when to open, they will be cut leeks.
When the ”Bretton Woods system” was built, the United States immediately cancelled the legal price of ”US dollar” for gold and completed a wave of operation of harvesting leeks.
Finally, those countries can only admit their accounts with their noses, take the ”US dollar” as the foreign exchange target, and completely tie their national wealth to the train of the United States.
On the surface, this train will bring them rapid development.
In fact, they completely expose their own wealth and financial system to each other's tusks.
”A 3!”
Box.
Card table.
Zhuang Shikai threw down a ”spade 3” and first added a bottom card to the empty card table.
Sima Xiang sat on the left side of the card table.
”A 6.”
He drew a card, shook his hand and said.
”A K.”
Wei Hang sat on the right side of the card table and left a ”box K” to follow.
Zhuang Shikai held a card in his hand, with a glass of wine and a cigar in his hand.
The cigar was leaning against the ashtray.
A curl of white smoke rose.
Chen Zhan, Huang Shitong and others were injured, holding a wine cup and standing at the card table. They were divided into two groups, each looking at the hands of ”Wei Hang” and ”Sima Xiang”, but no one dared to look at the hands of the big boss.
This late at night, in the ”landlord Association” box of the Peninsula Hotel, the big boss's favorite ”fighting the landlord” began to play again.
Among the 100 cards of the landlords' Association, it is rare for a big boss to participate... Since it is a card game with the participation of a big boss, everyone naturally plays a lot. Each default bottom bet is a ”thousand foot mansion”, and the landlords want two!
Bombs, sky cards and landlords have doubled!
So there are no chips or cash on the card table.
This is a hundred times more heroic than Huang Shitong, Chen Zhan and others who filled the table with cash and lost more than 100000, more than 100000!
Of course, not everyone is qualified to play cards with the big boss.
Tonight, the big boss wants to talk about business while playing cards. Only Sima Xiang and Wei Hang can play with him. Others can only watch ”spiritual participation” nearby. I can't sit in a card game all night.
Because Sima Xiang is the leader of the landlord's Association, and Wei Hang is a newcomer valued by the ”big boss”. He has just come back from actual trading to earn $3 billion for the big boss
As for Luo Minsheng? He usually can't even go to the card game of Huang Shitong and others. He can only be a waiter next to him!
It was also lucky for him to sit in.
”Crush.”
Zhuang Shikai left a ”2” sermon.
Sure enough, Sima Xiang and Wei Hang said.