Does central bank digital currency need security
Publish: 2021-04-30 20:56:40
1.
The digital currency of the central bank is DCEP
the name of the digital currency developed by the central bank is DCEP (digital currency electronic payment). DC is digital currency. EP is electronic payment. Payment transmits digital things through a certain way, not paper currency. Therefore, electronic payment itself has the attribute of digital currency
The characteristics of digital currency are: low transaction cost; Fast trading speed; Highly anonymous
extended data
Application of digital currency
I. fast, economic and safe payment and settlement
cross border payment helps RMB internationalization. In 2015, the settlement volume of cross-border payment involving current account is about 8 trillion yuan. To accelerate the internationalization of RMB, cross-border payment and settlement procts and solutions with low cost, high efficiency and low risk are needed
At present, there are still a lot of repetitive human work in the bank's electronic loan process and processing process, and as the basic support of loan issuance, many of the collateral has the situation of false pricing or multiple or even no collateral. We can consider using digital currency to price and track bank collateral:3. Bill finance and supply chain finance
in recent years, various bill market businesses based on commercial bills have grown rapidly, and bill financing procts have become a hot area of Internet financing. However, about 70% of the current bill businesses in China are still paper transactions, Supply chain finance is also highly dependent on labor costs
reference materials
network digital currency
2. On the issue of issuing their own digital currency, central banks are always less thunderous. Central banks around the world are considering issuing their own digital currencies to compete with cryptocurrencies such as bitcoin, but they have been unable to do so for a long time
the media's attention to the central bank's digital currency has increased significantly, especially after Zuckerberg testified in Congress on the Libra issue and Christina Lagarde acknowledged the "clear demand" for stable currency at her first media reception as president of the European Central Bank, which seems to have changed the public's view on this matter, Let many people in cryptocurrency community think that cbdcs is in sight<
according to the latest survey report released by the bank for International Settlements, central banks in the past seven years have been investigating this technology and assessing its impact. Of the 63 central banks surveyed, 55 said they were unlikely to issue cbdcs in the next three years, and only one reported that they were "highly likely to issue large-scale cbdcs in the next three to six years."
although the proportion of central banks studying cbdcs is very high, the crux of the problem is that it is mainly theoretical and investigative work. Only five central banks have concted more in-depth research and real project development or experimentation - but that still does not mean that they will necessarily issue cbdcs
through close observation, it is more and more obvious that both Libra recently released by Facebook and the new stable currency assets have had a significant impact on the central bank. Today's situation took hundreds of years to form, but it changed in a few months; Competition, the most terrifying and unfamiliar concept that has never been thought of before and penetrated into the elite society of central banks, is now knocking at the door
it can be said that the solution to the current situation is still unclear. Some people who are familiar with these things even say that they are bluffing. However, in Lagarde's own words, the slow and wait-and-see regulatory approach can no longer meet the needs
1. What is central bank digital currency<
what is the difference between central bank digital currency CBDC and other digital currencies
CBDC is a new form of currency, which is directly issued by the central bank in digital form as legal tender. The current form of legal currency is cash, reserve deposit or balance settlement< There are two main differences between CBDC and other digital currencies (including cryptocurrency and other forms of central bank currency):
1. CBDC has nothing to do with cryptoassets. They're not decentralized, they don't have to be blockchain based, and they're certainly not anonymous, they're not unlicensed, they're not censored< 2. Contrary to the current digital cash, the operation structure of CBDC will be different from other forms of central bank currency. CBDC has more powerful functions. They are programmable, can generate interest, can be cleared in near real time, and have cheaper handling charges and wider openness
when designing CBDC, the speed of central banks is different. Different central banks adopt their own approach. However, in general, there are three problems being explored: whether CBDC should be based on token or account number, whether CBDC should be batch (only open to banks) or retail (open to the public), and whether it should be based on DLT
when CBDC is to be implemented, things will become complicated, and there are many thorny problems to be considered
for example, once CBDC is launched, does it need to cancel cash? Should CBDC carry interest? Should they have face value like cash? Or linked to the total price index? What impact will this have on commercial banks? What about anonymity and privacy? All these questions need to be answered<
2. Motivation for issuing CBDC
in the 2017 staff discussion paper, the Bank of Canada gave six reasons for issuing CBDC in an article entitled "central bank digital currency: motivation and impact":
1. Ensure that the central bank provides sufficient cash to the public, and maintain the seigniorage revenue of the central bank
2, Support non-traditional monetary policy
3. Rece overall risk and improve financial stability
4. Improve payment competitiveness
5. Promote financial inclusiveness
6. Curb criminal activities
looking back at the bank for International Settlements survey we analyzed earlier, payment security and domestic efficiency are selected as the most important motives of the central bank. According to a large number of papers published by the central bank and other large financial institutions, for developed countries, the transformation into a cashless society is the main driving factor, while for developing countries, financial inclusiveness, cost rection and operational efficiency are the main motivation
throughout the rest of the reports and the literature that can be found, the fierce competition brought about by bitcoin and other innovations in the cryptocurrency instry, as well as the clear need for "one step ahead", of course, are not listed as the reasons for issuing CBDC< The advantages and potential risks of CBDC are very low.
if the central bank starts to launch CBDC and succeeds in the end, there are many potential benefits
from a technical point of view, CBDC is much better than the current form of legal currency. They can be tracked better, collect taxes more conveniently, transmit monetary policy better, have better financial inclusiveness, and rece the cost of procing physical currency
the most obvious advantage is that payment is cheaper and faster, whether it is domestic payment or cross-border payment
in addition to the design and implementation problems, a key problem of issuing CBDC is that CBDC may increase the risk of bank operation. However, this only happens when banks promise that their deposits can be converted into CBDC on demand, which is not necessarily the case, according to the Bank of England document
4. Facts on the ground
how far is it from us to see a real CBDC appear in the market? It's hard to estimate, but at present, we can sum up the current situation in one sentence: all talk but no practice
if we put aside the failed digital currencies of Ecuador, Tunisia and Venezuela, we can only do theoretical research, a small amount of experiments, and issue some feasible CBDC issuance announcements supported by the state in the future
the most famous CBDC projects in progress are: e-peso in Uruguay (the project was successfully tested in 2018), DCEP in China, "project Inthanon" in Thailand, e-krona in Sweden (still in the research stage)...
5. The revolution has not yet been successful, and comrades still need to work hard
considering the factors mentioned above, Most of the headlines about CBDC's upcoming release are groundless. All projects scheled to be released this year have been delayed
in fact, there is still a long way to go for the birth of CBDC, and to convince the public, we need more than a statement. Given the current situation, it seems that CBDC and other cryptocurrencies may not affect each other - at least for now.
the media's attention to the central bank's digital currency has increased significantly, especially after Zuckerberg testified in Congress on the Libra issue and Christina Lagarde acknowledged the "clear demand" for stable currency at her first media reception as president of the European Central Bank, which seems to have changed the public's view on this matter, Let many people in cryptocurrency community think that cbdcs is in sight<
according to the latest survey report released by the bank for International Settlements, central banks in the past seven years have been investigating this technology and assessing its impact. Of the 63 central banks surveyed, 55 said they were unlikely to issue cbdcs in the next three years, and only one reported that they were "highly likely to issue large-scale cbdcs in the next three to six years."
although the proportion of central banks studying cbdcs is very high, the crux of the problem is that it is mainly theoretical and investigative work. Only five central banks have concted more in-depth research and real project development or experimentation - but that still does not mean that they will necessarily issue cbdcs
through close observation, it is more and more obvious that both Libra recently released by Facebook and the new stable currency assets have had a significant impact on the central bank. Today's situation took hundreds of years to form, but it changed in a few months; Competition, the most terrifying and unfamiliar concept that has never been thought of before and penetrated into the elite society of central banks, is now knocking at the door
it can be said that the solution to the current situation is still unclear. Some people who are familiar with these things even say that they are bluffing. However, in Lagarde's own words, the slow and wait-and-see regulatory approach can no longer meet the needs
1. What is central bank digital currency<
what is the difference between central bank digital currency CBDC and other digital currencies
CBDC is a new form of currency, which is directly issued by the central bank in digital form as legal tender. The current form of legal currency is cash, reserve deposit or balance settlement< There are two main differences between CBDC and other digital currencies (including cryptocurrency and other forms of central bank currency):
1. CBDC has nothing to do with cryptoassets. They're not decentralized, they don't have to be blockchain based, and they're certainly not anonymous, they're not unlicensed, they're not censored< 2. Contrary to the current digital cash, the operation structure of CBDC will be different from other forms of central bank currency. CBDC has more powerful functions. They are programmable, can generate interest, can be cleared in near real time, and have cheaper handling charges and wider openness
when designing CBDC, the speed of central banks is different. Different central banks adopt their own approach. However, in general, there are three problems being explored: whether CBDC should be based on token or account number, whether CBDC should be batch (only open to banks) or retail (open to the public), and whether it should be based on DLT
when CBDC is to be implemented, things will become complicated, and there are many thorny problems to be considered
for example, once CBDC is launched, does it need to cancel cash? Should CBDC carry interest? Should they have face value like cash? Or linked to the total price index? What impact will this have on commercial banks? What about anonymity and privacy? All these questions need to be answered<
2. Motivation for issuing CBDC
in the 2017 staff discussion paper, the Bank of Canada gave six reasons for issuing CBDC in an article entitled "central bank digital currency: motivation and impact":
1. Ensure that the central bank provides sufficient cash to the public, and maintain the seigniorage revenue of the central bank
2, Support non-traditional monetary policy
3. Rece overall risk and improve financial stability
4. Improve payment competitiveness
5. Promote financial inclusiveness
6. Curb criminal activities
looking back at the bank for International Settlements survey we analyzed earlier, payment security and domestic efficiency are selected as the most important motives of the central bank. According to a large number of papers published by the central bank and other large financial institutions, for developed countries, the transformation into a cashless society is the main driving factor, while for developing countries, financial inclusiveness, cost rection and operational efficiency are the main motivation
throughout the rest of the reports and the literature that can be found, the fierce competition brought about by bitcoin and other innovations in the cryptocurrency instry, as well as the clear need for "one step ahead", of course, are not listed as the reasons for issuing CBDC< The advantages and potential risks of CBDC are very low.
if the central bank starts to launch CBDC and succeeds in the end, there are many potential benefits
from a technical point of view, CBDC is much better than the current form of legal currency. They can be tracked better, collect taxes more conveniently, transmit monetary policy better, have better financial inclusiveness, and rece the cost of procing physical currency
the most obvious advantage is that payment is cheaper and faster, whether it is domestic payment or cross-border payment
in addition to the design and implementation problems, a key problem of issuing CBDC is that CBDC may increase the risk of bank operation. However, this only happens when banks promise that their deposits can be converted into CBDC on demand, which is not necessarily the case, according to the Bank of England document
4. Facts on the ground
how far is it from us to see a real CBDC appear in the market? It's hard to estimate, but at present, we can sum up the current situation in one sentence: all talk but no practice
if we put aside the failed digital currencies of Ecuador, Tunisia and Venezuela, we can only do theoretical research, a small amount of experiments, and issue some feasible CBDC issuance announcements supported by the state in the future
the most famous CBDC projects in progress are: e-peso in Uruguay (the project was successfully tested in 2018), DCEP in China, "project Inthanon" in Thailand, e-krona in Sweden (still in the research stage)...
5. The revolution has not yet been successful, and comrades still need to work hard
considering the factors mentioned above, Most of the headlines about CBDC's upcoming release are groundless. All projects scheled to be released this year have been delayed
in fact, there is still a long way to go for the birth of CBDC, and to convince the public, we need more than a statement. Given the current situation, it seems that CBDC and other cryptocurrencies may not affect each other - at least for now.
3.
It is not currently available
at present, the Central Bank of China has not issued and approved the digital currency of issuers and investors
However, at the beginning of the year, the central bank held a seminar on digital currency, at which it made it clear that it was necessary to issue digital currency as soon as possible, and the central bank put the issue of digital currency on the agendahowever, so far, the central bank has not issued any digital currency, and Zhou Xiaochuan, the governor of the central bank, said that the time is not ripe to issue digital currency. Moreover, the digital currency issued by the central bank is different from bitcoin, Ruitai, Laite and other digital cryptocurrencies, and the digital currency issued by the central bank is not decentralized
when the central bank issues digital currency, it needs to establish a basic digital currency system. In this system, the central bank is in charge of the digital currency issuing bank, the commercial bank is in charge of the bank, and the public and indivials hold digital wallets. This is not much different from the existing monetary system in essence, but the managed currency is changed from paper money to digital cryptocurrency
in terms of issuing mechanism, there are two modes:
one is the traditional mode of "central bank commercial bank", that is, the central bank issues digital currency from the issuing bank of the central bank to the Bank of the commercial bank. When an indivial withdraws money from the commercial bank, the digital currency is transferred from the commercial bank to the personal digital wallet
another mode is the "central bank public" mode, that is, the central bank can directly issue digital currency from the currency issuing bank to the digital wallet of the public and indivials. In essence, no matter which issuing mode, money is ultimately held by the public, which is the debt of the central bank to the public
4. PPP is not a digital currency issued by the central bank. At present, China's central bank has not issued and approved the digital currency of issuers and investors. However, at the beginning of the year, the central bank held a seminar on digital currency, at which it made it clear that it was necessary to issue digital currency as soon as possible. The central bank put the issue of digital currency on the agenda. However, so far, the central bank has not issued any digital currency, and Zhou Xiaochuan, the governor of the central bank, said that the actual issue of digital currency is not mature. Moreover, the digital currency issued by the central bank is different from bitcoin, Ruitai, Laite and other digital cryptocurrencies. The digital currency issued by the central bank is not decentralized.
5. A decentralized digital currency storage scheme is provided for users. The wallet key and the address and private key information of all kinds of currencies are stored in the user's local system. At the same time, the wallet provides a convenient key backup scheme - users only need to backup once and save it in a safe place. Even if the types of digital currency are added subsequently, all types of digital currency assets can be recovered with backup. In addition to allowing users to fully control the key of the wallet, the wallet also provides multi signature technical support and two-step authorization verification for digital asset management of different scales. Users can choose mobile phone verification code, fingerprint, living body and other verification methods ring transfer transactions to ensure the security of digital currency assets in an all-round way.
6. [hot spot of stock market]: Lin Yuan, a famous folk stock god, is a legend from 8000 yuan to 2 billion yuan in 18 years.
when it comes to stock speculation, it has to be mentioned that Warren Buffett, as the second person with assets exceeding 100 billion US dollars, ranks second in Hurun's 2018 rich list. Although his wealth shrank by nearly 14% as early as 2019, he still ranked third on Hurun's rich list, which is a legend<
however, there is a legend of stock speculation among the people in China. It is said on the Internet that 8000 yuan was invested in the stock market, which earned 2 billion yuan in a short period of time. By 2019, its value has reached 30 billion yuan. The so-called big hidden in the city than this. For this reason, CCTV CCTV2 program group has the honor to invite Mr. Lin Yuan, China's Warren Buffet. Let's have a look at what kind of person this is
personal profile of Mr. Lin Yuan: born in Hanzhong, Shaanxi Province in 1963, no matter how rich your imagination is, you can't imagine that a little man with medical background entered the stock market with thousands of yuan in 1989, and finally developed to an inestimable level. Over the past 20 years, Linyuan's wealth has been growing rapidly as "nuclear fission". Lin Yuan never lost a cent when many people died in the sea of Chinese stocks full of hidden reefs and dangerous shoals; When many people want to get rich overnight by gambling and speculation, Lin Yuan makes a lot of money steadily and steadily only by two legs and a brain that can calculate accounts—— He is the stock god forest garden<
investment experience: in 1989, he jointly invested 8000 yuan with his family and bought 5 shares of Shenzhen Development Bank< From 1990 to 1992, Shenzhen Development and Shenzhen Jinxing stocks were speculated and merged into the soon to be listed companies such as Minyuan and shenhuaxin, and their assets jumped to 10 million yuan< From 1994 to 2001, the company concentrated on speculating in Shenzhen development, Sichuan Changhong, Tongrentang and other stocks. The assets increased by 9 times, and the capital was withdrawn from a shares to invest outside Shenzhen<
2003: return to a shares and buy Guizhou Maotai, Wuliangye, Yunnan Baiyao and China Merchants Bank<
2006: he made a high-profile appearance in major media and was described as "China's Warren Buffett" by CCTV<
original tactics: triple screen trading system (can effectively identify indivial stocks, short-term, middle-line and long-term cycle operation track! Investment philosophy: find value from value investment and grasp the growth time cycle, through the understanding of value, control the growth of the instry, reasonable investment, pursue the value mining process and the valuation growth of the enterprise growth stage to achieve stable compound interest
recently, Mr. Lin Yuan disclosed the stocks he held in the circle, and he was loved by the majority of investors because he often recommended stocks with large band trend trading limit. Recently, it has been revealed that many stock followers have followed. Some of them have more than ten million stock accounts, with tens of thousands of followers. According to the followers, most of the follow-up votes made more than 50% profit. And under our repeated questioning, we learned his QQ number: 3006037022 (or scan the QR code below)
scan the QR code below and add QQ
ring the program, Mr. Lin Yuan revealed some core stock speculation skills< One belt, one road, one belt, one road, China, and the other two countries. The first is to see the core of stock market
there is no rise or fall for no reason. The implementation of policies, the stimulation of news, the operation of large funds and so on are the convergence and aggregation of funds to achieve the rise. This is the road of "capital market". As long as you know how to use these two principles well, you can make money in stock speculation.
Second, you can understand the value investment of macro economy (Warren Buffett's unique trading skills in his life)
how to understand the macro economy and realize the value investment? Guided by the overall development direction of the national economic policy, the benefit plate driven by the policy. Find out short-term hot spots through policies, cooperate with medium-term plate effect, promote long-term policies, realize short-term, medium-term and long-term resonance effect, and accurately grasp the market direction. Combined with the corresponding stocks, the paper selects the listed companies with development prospects, excellent performance and policy support instries as the standard. Through the understanding of value, the control of instry growth, reasonable investment, the pursuit of value mining process and the growth of enterprise growth stage valuation growth to stabilize compound interest
ring this period, the reporter asked: "Mr. Lin Yuan, according to your investment philosophy of macroeconomic value, what is the future of the market? Which sectors can focus on purchasing< Mr. Lin Yuan: according to the analysis from the perspective of (macroeconomic value investment) proposed by me, this year's epidemic has led to the sluggish domestic economy, and the national economic policy will also point to the economic recovery strategy in an all-round way. In order to stimulate the economy from the current to the big wave, various economic welfare policies need to be implemented in the process
with the establishment of policy direction, A-share market will walk out of a new round of bull market. In line with the current policy, the sectors with value investment include: digital currency, blockchain, the end of adjustment of science and technology sector, the second start, the internal circulation of large consumption, and the end of mid-term adjustment of blue chip stocks
reporter: "Mr. Lin Yuan, I heard that you always share a lot of information and suggestions in QQ group, don't you?"
Mr. Lin Yuan: "yes, today's investors are confused about the current A-share market. I hope I can help more investors realize their freedom of wealth in A-share market. This is how I realize the value of life."
reporter: "Mr. Lin Yuan", how accurate can you be through your understanding of the core source of the stock market and the concept of macroeconomic value investment and trading< Mr. Lin Yuan: I share the indivial stocks in my stock pool with you. I hope that through these stocks and time nodes, you can understand what is the real macro value investment
want to learn the stock trading technology and turn losses into profits, Friends who want to know how to deal with the current economic environment and market can scan the right QR code to join Teacher Lin Yuan's club and get free "[a trend Bull Stock with value investment in line with the current policy direction] and [trend operation theory] in Teacher Lin Yuan's trading system, which can effectively help investors find out how to have value investment characteristics, Continuous appreciation of indivial stocks
we hereby declare that after the stock market assets double their profits, they will charge 3% for charity activities; As long as everyone gives a little love, the world will become a better tomorrow
friendly tips: in the establishment of policy direction, the demand of capital flowing into the stock market, at which time point will a new round of bull market be opened in the short term? At present, it is suggested that we should see more and move less, and we should act decisively when certain signals appear. I hope every investor friend is not the victim of this war without gunpowder, and get rid of the fate of leek as soon as possible
thank you first & quot; "Mr. Lin Yuan" is willing to come to our station to share. Here CCTV2 wishes that the majority of shareholders can follow Mr. Lin Yuan to turn losses into profits. It also hopes that the majority of shareholders can share this with their retail friends, so that more retail investors can get help in the next market. Scan the following QR code and enter the teacher Lin Yuan group
scan the QR code below, add teacher QQ: 3006037022, get free
scan the QR code below, add QQ
when it comes to stock speculation, it has to be mentioned that Warren Buffett, as the second person with assets exceeding 100 billion US dollars, ranks second in Hurun's 2018 rich list. Although his wealth shrank by nearly 14% as early as 2019, he still ranked third on Hurun's rich list, which is a legend<
however, there is a legend of stock speculation among the people in China. It is said on the Internet that 8000 yuan was invested in the stock market, which earned 2 billion yuan in a short period of time. By 2019, its value has reached 30 billion yuan. The so-called big hidden in the city than this. For this reason, CCTV CCTV2 program group has the honor to invite Mr. Lin Yuan, China's Warren Buffet. Let's have a look at what kind of person this is
personal profile of Mr. Lin Yuan: born in Hanzhong, Shaanxi Province in 1963, no matter how rich your imagination is, you can't imagine that a little man with medical background entered the stock market with thousands of yuan in 1989, and finally developed to an inestimable level. Over the past 20 years, Linyuan's wealth has been growing rapidly as "nuclear fission". Lin Yuan never lost a cent when many people died in the sea of Chinese stocks full of hidden reefs and dangerous shoals; When many people want to get rich overnight by gambling and speculation, Lin Yuan makes a lot of money steadily and steadily only by two legs and a brain that can calculate accounts—— He is the stock god forest garden<
investment experience: in 1989, he jointly invested 8000 yuan with his family and bought 5 shares of Shenzhen Development Bank< From 1990 to 1992, Shenzhen Development and Shenzhen Jinxing stocks were speculated and merged into the soon to be listed companies such as Minyuan and shenhuaxin, and their assets jumped to 10 million yuan< From 1994 to 2001, the company concentrated on speculating in Shenzhen development, Sichuan Changhong, Tongrentang and other stocks. The assets increased by 9 times, and the capital was withdrawn from a shares to invest outside Shenzhen<
2003: return to a shares and buy Guizhou Maotai, Wuliangye, Yunnan Baiyao and China Merchants Bank<
2006: he made a high-profile appearance in major media and was described as "China's Warren Buffett" by CCTV<
original tactics: triple screen trading system (can effectively identify indivial stocks, short-term, middle-line and long-term cycle operation track! Investment philosophy: find value from value investment and grasp the growth time cycle, through the understanding of value, control the growth of the instry, reasonable investment, pursue the value mining process and the valuation growth of the enterprise growth stage to achieve stable compound interest
recently, Mr. Lin Yuan disclosed the stocks he held in the circle, and he was loved by the majority of investors because he often recommended stocks with large band trend trading limit. Recently, it has been revealed that many stock followers have followed. Some of them have more than ten million stock accounts, with tens of thousands of followers. According to the followers, most of the follow-up votes made more than 50% profit. And under our repeated questioning, we learned his QQ number: 3006037022 (or scan the QR code below)
scan the QR code below and add QQ
ring the program, Mr. Lin Yuan revealed some core stock speculation skills< One belt, one road, one belt, one road, China, and the other two countries. The first is to see the core of stock market
there is no rise or fall for no reason. The implementation of policies, the stimulation of news, the operation of large funds and so on are the convergence and aggregation of funds to achieve the rise. This is the road of "capital market". As long as you know how to use these two principles well, you can make money in stock speculation.
Second, you can understand the value investment of macro economy (Warren Buffett's unique trading skills in his life)
how to understand the macro economy and realize the value investment? Guided by the overall development direction of the national economic policy, the benefit plate driven by the policy. Find out short-term hot spots through policies, cooperate with medium-term plate effect, promote long-term policies, realize short-term, medium-term and long-term resonance effect, and accurately grasp the market direction. Combined with the corresponding stocks, the paper selects the listed companies with development prospects, excellent performance and policy support instries as the standard. Through the understanding of value, the control of instry growth, reasonable investment, the pursuit of value mining process and the growth of enterprise growth stage valuation growth to stabilize compound interest
ring this period, the reporter asked: "Mr. Lin Yuan, according to your investment philosophy of macroeconomic value, what is the future of the market? Which sectors can focus on purchasing< Mr. Lin Yuan: according to the analysis from the perspective of (macroeconomic value investment) proposed by me, this year's epidemic has led to the sluggish domestic economy, and the national economic policy will also point to the economic recovery strategy in an all-round way. In order to stimulate the economy from the current to the big wave, various economic welfare policies need to be implemented in the process
with the establishment of policy direction, A-share market will walk out of a new round of bull market. In line with the current policy, the sectors with value investment include: digital currency, blockchain, the end of adjustment of science and technology sector, the second start, the internal circulation of large consumption, and the end of mid-term adjustment of blue chip stocks
reporter: "Mr. Lin Yuan, I heard that you always share a lot of information and suggestions in QQ group, don't you?"
Mr. Lin Yuan: "yes, today's investors are confused about the current A-share market. I hope I can help more investors realize their freedom of wealth in A-share market. This is how I realize the value of life."
reporter: "Mr. Lin Yuan", how accurate can you be through your understanding of the core source of the stock market and the concept of macroeconomic value investment and trading< Mr. Lin Yuan: I share the indivial stocks in my stock pool with you. I hope that through these stocks and time nodes, you can understand what is the real macro value investment
want to learn the stock trading technology and turn losses into profits, Friends who want to know how to deal with the current economic environment and market can scan the right QR code to join Teacher Lin Yuan's club and get free "[a trend Bull Stock with value investment in line with the current policy direction] and [trend operation theory] in Teacher Lin Yuan's trading system, which can effectively help investors find out how to have value investment characteristics, Continuous appreciation of indivial stocks
we hereby declare that after the stock market assets double their profits, they will charge 3% for charity activities; As long as everyone gives a little love, the world will become a better tomorrow
friendly tips: in the establishment of policy direction, the demand of capital flowing into the stock market, at which time point will a new round of bull market be opened in the short term? At present, it is suggested that we should see more and move less, and we should act decisively when certain signals appear. I hope every investor friend is not the victim of this war without gunpowder, and get rid of the fate of leek as soon as possible
thank you first & quot; "Mr. Lin Yuan" is willing to come to our station to share. Here CCTV2 wishes that the majority of shareholders can follow Mr. Lin Yuan to turn losses into profits. It also hopes that the majority of shareholders can share this with their retail friends, so that more retail investors can get help in the next market. Scan the following QR code and enter the teacher Lin Yuan group
scan the QR code below, add teacher QQ: 3006037022, get free
scan the QR code below, add QQ
7. In China's credit monetary system, if the amount of money issued by the central bank is greater than the amount of money needed in circulation, it will cause inflation, and the currency will depreciate relative to other single currencies, that is, money is worthless. The inflation of banknotes as precious metal tokens is explained as follows:
inflation generally refers to the devaluation and price rise of banknotes caused by the issue of banknotes exceeding the amount of money actually needed in commodity circulation. Its essence is that the total social demand is greater than the total social supply< In modern economics, inflation means the rise of the overall price level. General inflation is the decline of market value or purchasing power of currency, while currency depreciation is the relative decline of currency value between two economies. The former is used to describe the national currency value, while the latter is used to describe the added value in the international market. The relationship between them is one of the controversies in economics
the circulation law of paper money shows that the circulation of paper money can not exceed the amount of gold and silver money it symbolically represents. Once it exceeds this amount, the paper money will depreciate and the price will rise, resulting in inflation. Inflation can only occur under the condition of paper currency circulation, but not under the condition of gold and silver currency circulation. Because gold and silver money has its own value, as a means of storage, it can spontaneously adjust the amount of money in circulation and make it adapt to the amount of money needed for commodity circulation. Under the condition of paper currency circulation, because paper currency itself has no value, it is only a symbol of gold and silver currency, and can not be used as a storage means. Therefore, if the circulation of paper currency exceeds the quantity needed for commodity circulation, it will depreciate
for example, if the amount of gold and silver currency needed in commodity circulation remains unchanged, and the amount of paper money issued exceeds twice the amount of gold and silver currency, the unit paper money can only represent 1 / 2 of the value of the unit gold and silver currency. In this case, if the price is measured by paper money, the price will double, which is commonly known as currency devaluation. At this time, the amount of paper money in circulation is double that of gold and silver money needed in circulation, which is inflation. In macroeconomics, inflation mainly refers to the general rise of prices and wages.
inflation generally refers to the devaluation and price rise of banknotes caused by the issue of banknotes exceeding the amount of money actually needed in commodity circulation. Its essence is that the total social demand is greater than the total social supply< In modern economics, inflation means the rise of the overall price level. General inflation is the decline of market value or purchasing power of currency, while currency depreciation is the relative decline of currency value between two economies. The former is used to describe the national currency value, while the latter is used to describe the added value in the international market. The relationship between them is one of the controversies in economics
the circulation law of paper money shows that the circulation of paper money can not exceed the amount of gold and silver money it symbolically represents. Once it exceeds this amount, the paper money will depreciate and the price will rise, resulting in inflation. Inflation can only occur under the condition of paper currency circulation, but not under the condition of gold and silver currency circulation. Because gold and silver money has its own value, as a means of storage, it can spontaneously adjust the amount of money in circulation and make it adapt to the amount of money needed for commodity circulation. Under the condition of paper currency circulation, because paper currency itself has no value, it is only a symbol of gold and silver currency, and can not be used as a storage means. Therefore, if the circulation of paper currency exceeds the quantity needed for commodity circulation, it will depreciate
for example, if the amount of gold and silver currency needed in commodity circulation remains unchanged, and the amount of paper money issued exceeds twice the amount of gold and silver currency, the unit paper money can only represent 1 / 2 of the value of the unit gold and silver currency. In this case, if the price is measured by paper money, the price will double, which is commonly known as currency devaluation. At this time, the amount of paper money in circulation is double that of gold and silver money needed in circulation, which is inflation. In macroeconomics, inflation mainly refers to the general rise of prices and wages.
8. Yes, the digital currency developed by the central bank is called DCEP. DC is digital currency and EP is electronic payment. Payment transmits digital things through a certain way, not paper currency. Therefore, electronic payment itself has the attribute of digital currency.
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