If the United States presses the interest rate cut button in September, the global economy may breathe a sigh of relief; but if the Federal Reserve remains on hold, the world economy may become tense.

This may sound a bit exaggerated, but it does illustrate the importance of the Fed's September decision.

Let's talk about the US job market first. The recent data is shocking. From April last year to March this year, 818,000 jobs in the United States were fictitious. This is a big problem.

During this period, the United States has only created more than 2 million jobs, and now nearly half of them are water. It's like you bought a cake and found that half of it is foam.

Let's take a look at the current economic situation in the United States. The unemployment rate is as high as 4.3%, and the industrial index shows that 86% of companies are shrinking, which is not a good sign.

If the Federal Reserve insists on not cutting interest rates in September, the United States may face a series of chain reactions such as factory closures, bank bankruptcies, and stock market bubble bursting.

At the same time, the BRICS countries are brewing a financial revolution. They plan to establish their own financial settlement system, which is a big move. Why do you say that?

Because the current international financial system is largely based on the hegemony of the US dollar. The Swift settlement system is an important support for the hegemony of the US dollar. The United States controls and exploits other countries through this system.

But now, the BRICS countries want to break this situation. They want to establish a settlement system that does not rely on the US dollar, so that they can avoid the risk of being harvested by the US dollar.

So, what is the significance of this settlement system? Simply put, it can make the trade of BRICS countries freer and no longer subject to the fluctuation of the US dollar. This is of great strategic significance for de-dollarization and getting rid of US financial control.

Today, the global economy is at a crossroads. The Fed's interest rate cut decision and the financial settlement system of the BRICS countries may become the key to changing the future economic landscape.

This is not only an economic game, but also a reshuffle of global financial power.

However, there is no doubt that various currencies will be affected after the Fed cuts interest rates, but such drastic fluctuations in currency values ​​may cause many problems.

Currently, almost all assets denominated in non-US currencies are trading at lows relative to the US dollar.

The US dollar is likely to take the opportunity to carry out a large-scale "robbery", which may be the penultimate wave, but also the most violent wave. Countries are preparing for this, such as Japan, which has begun testing various exchange rate and interest rate tools.

Based on our understanding of the US's global operational tools, the US may launch a large-scale public opinion offensive to contain countries including China from deploying defensive tools.

The Bank of Japan has taken a series of measures to combat deflationary pressures and economic stagnation, aimed at lowering borrowing costs and stimulating growth by increasing the money supply.

The United States may use its influence in the global economy to influence the economic policies of other countries through public opinion and other means.

For example, the United States may influence global capital flows through adjustments in monetary policy, thereby affecting the exchange rates and economic stability of other countries.

However, these actions may be affected by the global economic environment and the policies of other major economies. For example, if other countries also adopt similar easing policies, the depreciation pressure on the US dollar may be reduced.

In addition, slowing global economic growth and other macroeconomic factors may also affect U.S. policy choices and the direction of the global economy.

In short, when the financial ship of the BRICS countries sets sail, will the ocean of the US dollar be hit by huge waves? If the Fed's interest rate cut becomes a "pressure relief valve" for the global economy, should we be prepared to face this financial storm?