There may be a shocking financial war conspiracy hidden behind this.
We have said before that Japan has a huge economy, a lot of foreign exchange reserves, a net asset outflow, and very good liquidity. Its economy is doing well now, but there is a strange phenomenon, that is, the yen continues to fall, the interest rate is extremely low, and the yen is a freely convertible currency, so the yen has become the bullet and shell in the Sino-US financial war, which is very appropriate. So what is a freely convertible currency? It is when the holder of a currency can freely convert the currency he holds into the currency of any country.
And it is not restricted. The main international currencies include the US dollar, the euro, the Japanese yen, the Canadian dollar, the Australian dollar, etc., but our RMB is not among them. The American writer Mark Twain once said that history does not repeat itself but it does often write. The translation means that history will not simply repeat itself, but it is always surprisingly similar. Let's take a look at the Asian financial crisis in 1997.
There is a saying that many people may not know. Soros, who swept Southeast Asia by himself, actually had helpers and partners. He was not only supported by the appreciation of the US dollar, but also strongly assisted by the depreciation and appreciation of the Japanese yen. In April 1995, one US dollar could be exchanged for 80 yen. In August 1998, one US dollar could be exchanged for 147 yen. The Japanese yen inexplicably depreciated by 84%. What's interesting is that between May 1 and June 11, 1997, the exchange rate of the strongly appreciating US dollar against the Japanese yen suddenly turned downward. Originally, one US dollar could be exchanged for 128 yen, but now it can only be exchanged for 111 yen. What happened in the meantime?
We will talk about this later, but starting from July 2, 1997, Thailand announced that it would abandon the fixed interest rate system, and the Southeast Asian financial crisis officially began. In fact, you will find that the financial crisis in 2008 also follows almost the same logic and routine. Its core logic is to use a large amount of liquid, low-priced capital and hot money to continuously drive up asset prices, continuously raise the stock market index, form a wealth effect, drive funds into the market, and then use exchange rate changes, such as the sudden reverse appreciation of the yen to lock up a large amount of inbound funds, and blow up those leveraged longs at high levels, causing asset prices to shrink significantly.
The financial system is in chaos, and the financial war has made a major breakthrough. So we have summarized some signs, including the decline in virtual asset prices, the decline in bulk asset prices, the decline in gold prices, and the decline in currency exchange rates. Do you understand here? It is not a simple decline in the price of virtual assets, but the beginning of a series of behaviors. Why do virtual asset prices fall first? That is because it is the most sensitive and is most likely to fall. At this point, you must be worried. Do we have any tricks? We do. In fact, our financial system has been cracking down on underground banks and hot money since 2008.
Building a barrier for the inflow and outflow of RMB is a measure taken for the stability of the entire country's financial system. You should know that although the financial war in 1997 was in Hong Kong, we mobilized the whole country to help Hong Kong overcome the difficulties. In fact, we suffered a lot of hidden injuries and losses. Today, we have actually formed a set of our own practices in terms of foreign exchange reserves, financial control, and protection of the RMB exchange rate to deal with various layouts of the United States. Therefore, how to layout and break the deadlock is the core element of the Sino-US financial war.
The price of virtual assets, including Bitcoin, may fluctuate back and forth. If one day we find that the price of Bitcoin has fallen sharply, it may indicate that another stage of the Sino-US financial war has begun. Don’t think that the decline in the price of digital assets and Bitcoin has nothing to do with you. In fact, it is some signs of the overall Sino-US financial war and the decline of Bitcoin in the local battlefield. What do you think?
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