Lang Xianping on digital currency
Publish: 2021-04-29 04:35:27
1. Professor Lang Xianping warned: bitcoin is a complete financial fraud. People should take care of their wallets, cherish their lives and stay away from bitcoin
everyone has his own views on new things, which can not be covered in a word. Everyone has their own theoretical basis, but whether bitcoin is a fraud still needs to be tested in practice. There is no right or wrong point of view, and practice is the only standard for testing truth. Bitcoin is just a small-scale social experiment. However, with the rising tide of bitcoin, many well-known counterfeit coins have been derived, such as Wright coin, dog coin, Ruitai coin, Weimeng coin and so on. However, pyramid schemes under the guise of digital currency are also increasing.
everyone has his own views on new things, which can not be covered in a word. Everyone has their own theoretical basis, but whether bitcoin is a fraud still needs to be tested in practice. There is no right or wrong point of view, and practice is the only standard for testing truth. Bitcoin is just a small-scale social experiment. However, with the rising tide of bitcoin, many well-known counterfeit coins have been derived, such as Wright coin, dog coin, Ruitai coin, Weimeng coin and so on. However, pyramid schemes under the guise of digital currency are also increasing.
2. Don't believe it. You have to look at your intuition and measure it by yourself. Don't believe what others say, because all people are feudal.
3. Economy is not someone's point of view can be commented on... Lang Xianping can't either.. Lang Xianping just makes data models for financial statements and some specific and real data, gives enterprises strategic ideas and economic strategies that are beneficial to our country and our nation, and also studies laws and policies in various economic fields... To put it bluntly... You learn Learn econometrics and monetary economics, learn relevant laws and policies of the world trade law, accumulate a few years of experience, you can also help enterprises and even countries solve economic problems...
at the same time, it can also bring you some income... The professor I am with now gives me 3000 US dollars a month... I usually do part-time work and earn 30 US dollars an hour... This is learning Economics has brought me short-term benefits..
but in monetary economics... It is just speculation. It is a typical conspiracy theory novel... One of the characteristics of this kind of novel is that it seems to be true in combination with history... In fact, it ignores many important historical background and historical factors... You see, the currency war is at best, it may be so... Oh, yuan There's something like this... Wow, it's amazing, it's amazing... This kind of idea can't bring any benefit to my personal development at all... Instead, it's contributing to publishers, advertisers, transporters, warehouses... And so on...
anyway, it's a pleasure after reading it, but I spent four hours reading this book, which is delaying my income of $120, um... So Professor Peng Youlang is right to ask you not to read this book
at the same time, it can also bring you some income... The professor I am with now gives me 3000 US dollars a month... I usually do part-time work and earn 30 US dollars an hour... This is learning Economics has brought me short-term benefits..
but in monetary economics... It is just speculation. It is a typical conspiracy theory novel... One of the characteristics of this kind of novel is that it seems to be true in combination with history... In fact, it ignores many important historical background and historical factors... You see, the currency war is at best, it may be so... Oh, yuan There's something like this... Wow, it's amazing, it's amazing... This kind of idea can't bring any benefit to my personal development at all... Instead, it's contributing to publishers, advertisers, transporters, warehouses... And so on...
anyway, it's a pleasure after reading it, but I spent four hours reading this book, which is delaying my income of $120, um... So Professor Peng Youlang is right to ask you not to read this book
4. The Central Bank of the European Union and Japan implemented QE one after another e to the continuous economic depression, which led to the devaluation of the euro and yen; With the graal recovery of the US economy, the end of QE and the imminent interest rate increase, the prospect of US dollar appreciation is clear. Meanwhile, China's Ministry of Finance approved a 1 trillion yuan local stock debt swap bond quota on March 11, 2015, ring the two sessions. Because no specific operational details were disclosed, bold people even predicted that the central bank would launch a Chinese version of QE (quantitative easing), with the scale as high as 10 trillion yuan. Will RMB enter the depreciation range like euro and yen? Professor Lang Xianping once explained the new pattern of international currency, as well as a series of "old system" and "new normal" of China's economy in his book "Lang Xianping said: old system and new normal of China's economy":
I want to talk about a very scary topic here - currency war. Why? Japan devalued the yen by 30% in two years through abenomics; From June 2014 to the end of the year, the euro also depreciated by nearly 8%; The US dollar continued to strengthen as the US economy recovered and the US Federal Reserve cancelled QE. In this international context, where should RMB go? We have only two choices: first, let the RMB appreciate with the US dollar; Second, let RMB depreciate along with yen and euro. No matter how we choose, there will be a fierce "currency war". In October 2014, the topic of "currency war" was hotly discussed in China's major mainstream media. Csi.com put forward that "currency war is about to start", hexun.com said that "global currency war is imminent", and fenghuang.com said that "currency war is quietly rising"
is currency war useful? Let me take the Japanese yen as an example to analyze the impact of the exchange rate of the local currency on a country's economy. For Japan's auto instry, Toyota can increase its profit by 40 billion yen for every 1 yen increase in the local currency converted from 1 US dollar, while Honda can increase its profit by 12 billion yen. Because of the huge depreciation of the yen, the total profit of the Japanese auto instry in the whole fiscal year of 2013 reached 1.8 trillion yen. If the yen exchange rate remains at the current level, it will bring additional revenue of 157.8 billion yen to seven Japanese auto manufacturers in the second half of 2014
the electronics and machinery instry also benefited greatly from the depreciation of the yen. According to the calculation of the Japanese Economic Research Institute, if the exchange rate of yen to us dollar remains at 104 yen to us dollar, Hitachi is expected to increase profits by 12.4 billion yen, Canon is expected to increase profits by 6.2 billion yen and Komatsu is expected to increase profits by 7.4 billion yen in the second half of 2014
the same is true of the tourism instry. Due to the devaluation of the yen, the cost of tourism in Japan has been greatly reced, and the number of foreign tourists has skyrocketed, exceeding 10 million for the first time in 2013. From January to July 2014, the number of tourists increased further, reaching 7.53 million, a year-on-year increase of 26.4%. In this case, tourists from Chinese mainland reached 1 million 290 thousand, up 90% over the same period.
that's why the Japanese government keeps devaluing the yen, but is there a price? Yes, after the depreciation of the yen, the price of Japanese imports will rise. After the nuclear power plant crisis, Japan is a country that is extremely dependent on international energy. Therefore, Japan's international trade has been in deficit for three consecutive years
when we look at the euro, it is now following the Japanese yen. In June 2014, the European Central Bank launched the negative interest rate policy for the first time, which completely lost the reason for the euro to continue to be strong. The euro has plummeted since June and is now down 7.2%. European Central Bank President Mario Draghi praised the euro's fall and hinted to investors that the euro's weakness is one of the central objectives of ECB policy
then, the current situation in the international foreign exchange market is that the depreciation of the Japanese yen has given Japan huge benefits in exports, and the euro has also begun to depreciate slowly. Moreover, this is the established direction of the euro, and European Central Bank President Mario Draghi has made it very clear, And he made a particularly thought-provoking remark: "can the United States actually do anything to counter European currency related actions? The answer is No. The monetary action that Europe is taking now is exactly what the United States has done in the past decade. "
why does Draghi say that? The significance of this is very significant. The current trend of appreciation of the US dollar should be inevitable, but the United States does not take measures against the depreciation of the euro, not only because of the exchange rate, it is planning a bigger "war". Please note that if we do not understand the trend of the United States, we should not talk about "currency war" at all, and we are not qualified to talk about the trend of RMB< br />
I want to talk about a very scary topic here - currency war. Why? Japan devalued the yen by 30% in two years through abenomics; From June 2014 to the end of the year, the euro also depreciated by nearly 8%; The US dollar continued to strengthen as the US economy recovered and the US Federal Reserve cancelled QE. In this international context, where should RMB go? We have only two choices: first, let the RMB appreciate with the US dollar; Second, let RMB depreciate along with yen and euro. No matter how we choose, there will be a fierce "currency war". In October 2014, the topic of "currency war" was hotly discussed in China's major mainstream media. Csi.com put forward that "currency war is about to start", hexun.com said that "global currency war is imminent", and fenghuang.com said that "currency war is quietly rising"
is currency war useful? Let me take the Japanese yen as an example to analyze the impact of the exchange rate of the local currency on a country's economy. For Japan's auto instry, Toyota can increase its profit by 40 billion yen for every 1 yen increase in the local currency converted from 1 US dollar, while Honda can increase its profit by 12 billion yen. Because of the huge depreciation of the yen, the total profit of the Japanese auto instry in the whole fiscal year of 2013 reached 1.8 trillion yen. If the yen exchange rate remains at the current level, it will bring additional revenue of 157.8 billion yen to seven Japanese auto manufacturers in the second half of 2014
the electronics and machinery instry also benefited greatly from the depreciation of the yen. According to the calculation of the Japanese Economic Research Institute, if the exchange rate of yen to us dollar remains at 104 yen to us dollar, Hitachi is expected to increase profits by 12.4 billion yen, Canon is expected to increase profits by 6.2 billion yen and Komatsu is expected to increase profits by 7.4 billion yen in the second half of 2014
the same is true of the tourism instry. Due to the devaluation of the yen, the cost of tourism in Japan has been greatly reced, and the number of foreign tourists has skyrocketed, exceeding 10 million for the first time in 2013. From January to July 2014, the number of tourists increased further, reaching 7.53 million, a year-on-year increase of 26.4%. In this case, tourists from Chinese mainland reached 1 million 290 thousand, up 90% over the same period.
that's why the Japanese government keeps devaluing the yen, but is there a price? Yes, after the depreciation of the yen, the price of Japanese imports will rise. After the nuclear power plant crisis, Japan is a country that is extremely dependent on international energy. Therefore, Japan's international trade has been in deficit for three consecutive years
when we look at the euro, it is now following the Japanese yen. In June 2014, the European Central Bank launched the negative interest rate policy for the first time, which completely lost the reason for the euro to continue to be strong. The euro has plummeted since June and is now down 7.2%. European Central Bank President Mario Draghi praised the euro's fall and hinted to investors that the euro's weakness is one of the central objectives of ECB policy
then, the current situation in the international foreign exchange market is that the depreciation of the Japanese yen has given Japan huge benefits in exports, and the euro has also begun to depreciate slowly. Moreover, this is the established direction of the euro, and European Central Bank President Mario Draghi has made it very clear, And he made a particularly thought-provoking remark: "can the United States actually do anything to counter European currency related actions? The answer is No. The monetary action that Europe is taking now is exactly what the United States has done in the past decade. "
why does Draghi say that? The significance of this is very significant. The current trend of appreciation of the US dollar should be inevitable, but the United States does not take measures against the depreciation of the euro, not only because of the exchange rate, it is planning a bigger "war". Please note that if we do not understand the trend of the United States, we should not talk about "currency war" at all, and we are not qualified to talk about the trend of RMB< br />
5. 
6. Unknown_Error
7. Comments:
1. I hate scholars who exaggerate. Do you think the problem can be solved by pressing things down
2 and China's property market bubble are caused by the continuous deterioration of China's investors' environment.
3. In my opinion, the really profitable projects should be done by all our people
4. If you dare to engage in insider trading, it is unknown that your family will be ruined or your wife and children will be separated
5. If there are no rules, financial tycoons will bully the small with the big and the weak with the strong
6. We are forced to export a large number of our procts to other countries to earn some US dollars that are bound to depreciate< You should never think that storage is a virtue. Because we don't have enough social security, you have to save< If you want to invite a judge to dinner in Hong Kong, it is absolutely impossible. The judge doesn't dare go to dinner with you at all
9. Why can American college students find jobs when their majors are wrong, while Chinese college students can't find jobs when their majors are wrong< Do you know the salary of Xu Sano? 900. So why does he love his work< Evaluation:
Lang Xianping is one of the most active young and middle-aged financial experts in the world. He is also one of the few experts who not only deeply understand international financial theories but also pay attention to Asian financial issues. He has spent considerable energy on the mainland stock market, and is running around to establish a healthy and legal Chinese stock market. He is not afraid to offend all kinds of interest groups, It's admirable The brilliant ideas in Lang Xianping's works have a wide influence, and the sales ranking has always been high. Investors may as well pay attention to the effects caused by Lang Xianping's hot topics and absorb his academic knowledge to provide more objective analysis in the financial and stock markets Phoenix Entertainment (review)
1. I hate scholars who exaggerate. Do you think the problem can be solved by pressing things down
2 and China's property market bubble are caused by the continuous deterioration of China's investors' environment.
3. In my opinion, the really profitable projects should be done by all our people
4. If you dare to engage in insider trading, it is unknown that your family will be ruined or your wife and children will be separated
5. If there are no rules, financial tycoons will bully the small with the big and the weak with the strong
6. We are forced to export a large number of our procts to other countries to earn some US dollars that are bound to depreciate< You should never think that storage is a virtue. Because we don't have enough social security, you have to save< If you want to invite a judge to dinner in Hong Kong, it is absolutely impossible. The judge doesn't dare go to dinner with you at all
9. Why can American college students find jobs when their majors are wrong, while Chinese college students can't find jobs when their majors are wrong< Do you know the salary of Xu Sano? 900. So why does he love his work< Evaluation:
Lang Xianping is one of the most active young and middle-aged financial experts in the world. He is also one of the few experts who not only deeply understand international financial theories but also pay attention to Asian financial issues. He has spent considerable energy on the mainland stock market, and is running around to establish a healthy and legal Chinese stock market. He is not afraid to offend all kinds of interest groups, It's admirable The brilliant ideas in Lang Xianping's works have a wide influence, and the sales ranking has always been high. Investors may as well pay attention to the effects caused by Lang Xianping's hot topics and absorb his academic knowledge to provide more objective analysis in the financial and stock markets Phoenix Entertainment (review)
8. Universities are also teaching economics. Why are professors only responsible for teaching, instead of running their own enterprises? Are they dedicated to the people
Chinese martial arts are so powerful, why only talk about actual combat with movies and TV, talk about health preservation with actual combat, and only beat their own apprentices in actual combat?
Chinese martial arts are so powerful, why only talk about actual combat with movies and TV, talk about health preservation with actual combat, and only beat their own apprentices in actual combat?
9. To see whether an economist has a conscience, we can see his attitude towards Mao Zedong
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