Economic crisis bitcoin up
isn't this idea for fear that the world will not be in chaos? No, no, it's a cruel reality. If we look back at the birth of bitcoin, we will find that the root cause of bitcoin is that the US subprime mortgage crisis has spread to the whole world, resulting in the disorder of the world's economic system, and various countries have issued money printing policies, giving birth to bitcoin, such a "devil of the world". The inventor Nakamoto told economists all over the world, In fact, you can still play like this
bitcoin actually allows people to return to a credit controllable system, but it's too far ahead of time and leads to too big a step. Therefore, from the current point of view, bitcoin is more similar to gold and other safe haven assets. This kind of image is just a superficial likeness. Bitcoin has many scientific and technological advantages in its essence, but it can't play e to many restrictions for the time being. Therefore, if bitcoin wants to rise rapidly, it still depends on the "instability" of the economic system
this kind of thing has happened before. The Bank of Cyprus incident once pushed bitcoin soaring. Now, if there is another "second in Cyprus", I believe bitcoin will have a chance
is this a dream? No, the financial system at this stage has exposed various kinds of crisis. Russia's economy seems to be collapsing because of the fall of crude oil price, a lot of local debts in China can't be paid off, the government is playing hard to cut interest rates and reserve requirements, and the European debt crisis is getting worse and worse... Today's society is in the information age and the Internet age, If the spark can't be fixed, light the powder keg
the possibility of a rapid outbreak of economic crisis still exists, but no one can say for sure. Who knows whether the world will be transformed into a fast lane for a long time and will not be sick again? Marx said that economic crisis will appear periodically in capitalist society, but when will the next big outbreak take place
maybe in more than ten years, maybe in the next second, heaven or hell, there is no way to check.
Usually, when a country's economy collapses, it is accompanied by inflation, soaring prices and devaluation
There are more and more money and less resources in the market. When ordinary people get the money, they are already short of materials and the price is rising. With the collapse of the economy, soaring prices and devaluation of the currency, it is normal for most enterprises to continue their operations and for the stock market to plummet The vicious inflation is a kind of uncontrollable inflation, which makes the currency lose its value quickly when the price rises rapidly. This kind of vicious inflation generally means that demand is far greater than supplywhen China is in an economic crisis, the RMB will depreciate against the US dollar, the level of domestic proction can not keep up with that of imports, and the money supply is far greater than the physical goods in the market
The first is the tax system, which is mainly reflected in the lag of tax calculation and payment{rrrrrrr}
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the impact of currency devaluation on China:
currency devaluation will first increase the domestic price of trade goods, and through the substitution of trade goods and non trade goods, the price of non trade goods will also increase, and the increase of material price level will mean the decrease of real currency balance
Under the condition of constant money supply, people will inevitably meet the increasing demand for nominal money by selling goods and financial assets, so as to improve the balance of payments However, the effect of currency devaluation on the balance of payments can only be proced when the money supply is reced or kept unchangedthe increase of money supply offsets the increase of nominal money demand caused by the devaluation of local currency, and the balance of payments will not be improved or even worsen
I think the main value of bitcoin is its confidentiality. Because bitcoin is one of the important representatives of virtual currency, it has high confidentiality and can not be cracked by any technology. It is because of its important particularity, and the relatively small number of bitcoin, which is not unlimited, that the value of bitcoin has been rising, so the appreciation speed of bitcoin ring this period is very fast, and it has reached the highest value in history
from the current world development situation, the development of digital currency is definitely the general trend. Because countries all over the world are developing digital currency, because digital currency can replace the traditional currency transaction, not only make the currency better transaction, but also make the currency have better security. Because in money transactions, security must be the first. If a country's financial system is safe, then the economic development of the whole country will be smooth and smooth. So the country will certainly spare no effort to develop digital currency to improve its importance in the financial system
exchange rate is very strange... No The change of exchange rate depends on the relationship between supply and demand. Of course, foreign exchange reserves are also very important. The United States has more demand for us (buy more of our goods) but less demand for us things. The more attractive your goods are, the more people you buy, the more valuable the corresponding currency will be.
it's wrong for us dollar on the first floor to strengthen and RMB to strengthen. It was before 2005. Now RMB is a limited floating exchange rate, not pegged to US dollar In fact, there is something wrong with the statement on the first floor. It means that the world economy is not good Put all the money into the United States... So the appreciation of the US dollar is true... But the fact is not like this... There are more countries in better condition than the United States. Now the United States has not really come out of the crisis
inflation refers to the phenomenon that the money supply is greater than the real demand for money, that is, the real purchasing power is greater than the output supply, which leads to the devaluation of money and causes the continuous and general rise of prices in a period of time. Many economists are discussing the situation of China's currency over issuance. Because the currency exceeds the market demand, the price continues to rise now!
After the financial crisis in 2008, Fu Yunjun clearly remembers that the capital market suffered a bloody wash, and his parents lost more than half of their time holding hundreds of thousands of shares in a few days. We can imagine that all valuable assets, including stocks, funds, real estate, automobiles and bonds, are shrinking by a large margin. Even gold, the precious metal, is suffering from price collapse in the short term under the crazy spread of panic
the discount of procts was ignored, a large number of factories shut down and employees were unemployed. In order to maintain economic stability, the central banks of major countries have carried out large-scale quantitative easing without exception, resulting in a surge in money supply and devaluation of purchasing power
then why do we still need to hold cash to cope with the crisis
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summary
after the economic crisis, the first thing we need to ensure is the normal operation of the family, the family has food, clothes, live decently and with dignity. Cash can ensure the operation of the family, but also provides the possibility of class crossing
It has been 12 years since the subprime mortgage crisis in 2008. Maybe the next economic crisis is no longer far away from us. We need to make necessary preparations< br />Inflation
the main performance is a large number of surplus goods, sales stagnation; Proction has dropped by a large margin, enterprises have not started enough or even closed down, and the number of unemployed workers has increased sharply
enterprises' capital turnover is poor, money is scarce, interest rates rise, credit system is seriously damaged, and banks declare bankruptcy one after another
However, after the Second World War, e to the state intervention and the adoption of inflation policy and other measures, the phenomenon of proction stagnation and inflation coexisted in the economic crisis
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the causes of economic crisis may be as follows:
1. Wrong economic policies
2. Shortage of raw materials, especially crude oil crisis
(3) natural disasters 4. The consequence of globalization The financial policy is wrongconsequences:
1. Social unrest
(2) national economic adjustment and economic recovery 3. Coup