The biggest thunderstorm point after the interest rate cut
Whether the dollar hegemony can be continued determines the lower and upper limits of the US economy. I will use Japan as an example. In the 1980s, Japan's economy took off. The United States pulled Japan, Britain, France and the Federal Republic of Germany to jointly sign the (Joint Statement of the Five Finance Ministers on Intervention in the US Dollar Exchange Rate), which is the famous Plaza Accord. The agreement stipulates that the yen must appreciate against the US dollar. In the 1980s, Japan was the first manufacturing power. Because the yen was not pegged to the exchange rate, it rose too high to form a bubble, and commodities and exports had no advantages. The money of other countries did not appreciate, which meant that something that was originally worth 5 US dollars would cost 10 US dollars. Because the US dollar was pegged to gold in the early stage and oil in the later stage, the exchange rate fell. It will cause inflation. The main reason is that the US manufacturing industry is not good at present, and the United States is a financial power. At present, the US dollar and the Japanese yen can form two poles. If everyone sells US bonds, it is very likely that the US dollar will depreciate and fall by half in two years. The US stock market and the currency circle have not fallen in the short term because the United States is the world's number one superpower after all. In terms of finance and military, there is still a consensus. But the editor has always insisted on my opinion. The positive news is just to cash out the capital, which will sell US stocks and buy US bonds. US stocks will plummet in the next two months.
