currently, subjected to suffering inflation all over the world, some countries and regions the rate of inflation as high as number two. Although the reasons for this situation is multifaceted, relevant for monetary policy with the countries themselves, but in today's global integration, issued as a world currency dollar floods, continuous devaluation is one of the most important reason.
known in mid-September 2008 United States investment bank Lehman Brothers collapsed, triggering global financial tsunami, United States, Europe, Japan and other developed countries and areas of almost all financial institutions are involved. Time, the precarious global financial markets, many international financial giants ropes, crash risk to the financial system of developed countries. In order to save their financial system in crisis, preventing the economy into devastating disasters, United States-led Western Governments in developed countries are out of the lifeboat, and over the last 2.5 years continued to implement quantitative easing monetary policy, direct injection of financial institutions and financial markets will be a lot of money.
recommended reading
Japan Central Bank meeting summary of: should consider further provides financial help euro trend double whammy RMB on dollars exchange rate shocks go stability RMB shocks go stability AUD began plunged want more assistance Greece or required pledge base Zhang Tingbin: dollars of "Empire strikes back" euro to out two a structural opportunities [registration] listen to Wen Guoqing taught you copy end opportunity United States mahamudra notes output inflation
although United States, developed Government of rescue measures and the quantitative loose policy indeed up to has stability national financial system and the block economic appears malignant landslide of role But at the same time to the scourge of global financial markets and other developing countries. Particular United States Government has done more subjected to criticisms and accusations in many countries around the world, because the United States Government was in the hole, no food in his hand, their rescue and over trillions of dollars from the quantitative easing printing press. United States Government by virtue of the dollar as an international currency much printing dollars, many of the United States, including China, not only seriously damage the interests of holders of debt, and continuously raised international market commodity prices soar, thus exporting inflation to other countries and regions in disguise.
the United States Government through the dollar passed on to the world their rescue, deficit, high inflation, military, welfare practice and many other fields of the burden of long-standing. As early as the mid last century, 40, United States Administration has as it shifted the burden to the world buried facilitates. In July 1944, the United States using countries suffered two world wars and the United States in which opportunities, brought together 44 countries in the United States New Hampshire's Bretton Woods meeting, the Conference established the basis of the gold, to the US dollar as the major international reserve currency. States to accept the dollar as an international currency, because the United States commitment to dollars directly linked with gold shames, currency is pegged to the dollar and shame, and according to the official price of 35 dollars an ounce to the United States exchanged for gold.
while the United States Government, through the Bretton Woods Conference establishing the dollar hard currency position in the international financial system, but the United States has not always been strictly adhere to their commitments. In 1971, the United States Government to renounce the 35 dollar an ounce gold official rate of exchange of practices, the implementation and the free float of the dollar price of gold. Since then, the depreciation of the dollar began endlessly from 1971 Exchange an ounce of gold to $ 35 per ounce of gold stable in early May 2011 at prices above US $ 1500, gold dollar-denominated price has gone up 43 times, that is, 40 years the dollar 98%.
Bretton Woods Conference seeds buried
in the past 40 years, United States Government in order to harm others to benefit oneself, shifting the burden, on the one hand, by all means tried to maintain the dollar's position as an international currency, and on the other, uncontrolled release of dollars to meet the United States Government on the deficit, welfare policy and the external military expansion needs. The results of this approach is that although dollars flooded, the falling dollar, but principals are all over the world, and the United States Government has tremendous benefits from excess issuance of us $.
since 2008 since the outbreak of the financial tsunami, United States Government for the United States has completely disregarded the interests and feelings of other countries and regions, allowing depreciation of the dollar issue and, resulting in significant losses in many countries and regions. Us $ in order to avoid being "kidnapped", including China, Russia, and Brazil and began to call for reforms in many countries, such as the international monetary system, by signed a currency swap agreement between them and trade currencies to reduce dependence on the dollar. Has reason to believe that the United States Government us $ $ irresponsible policy is to decline to bring ruin upon oneself.
