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The author of "Currency War" comes to Taiwan to analyze the fragility of the US dollar financial system

The Asia Blockchain Summit ABS 2024 opened today (8/6). On the first day, the speaker invited Song Hongbing, author of the "Currency War" series of books. He is famous for predicting the global financial crisis in 2008. In addition to mentioning yesterday when he came to Taiwan this time, In addition to the sharp fall in Taiwan stocks, it also analyzed the fragility of the financial system and called on the U.S. Federal Reserve to immediately cut interest rates.

Song Hongbing first mentioned that the inherent crisis of the U.S. dollar system can be summarized in four sentences: "Currencies are born unequal, the dollar has short and long periods, assets are prone to fluctuations when they are in danger, and hegemony cannot last long." The rise of Bitcoin and the rise of gold Rising prices indicate that there are serious problems with today's monetary system, and they will gradually deteriorate.