American economic crisis and virtual currency

1. The sub-prime crisis is the sub-prime crisis. The U.S. financial instry, under the condition that the primary (good faith, good repayment ability) loan market is nearly saturated, in order to gain more market share, loans money to the sub-prime market (people with poor integrity, poor repayment ability, no income proof) to buy a house for mortgage. As a result, more and more money is lent out and less repayment is received, Directly lead to the U.S. economic recession. And the United States has a pivotal position in the world economy, so it affects the whole world economy
inflation is closely related to currency devaluation; There are several theories about the causes of its emergence in the world. The most convincing one is that if the money in the market multiplied by the turnover rate of money is greater than the value of goods in the market, there will be more money in the market! Our common people can only buy less with the same money.
the state will suppress inflation by raising deposit interest (making more people deposit) and raising reserves (freezing more money by banks)!

2. IOS can judge whether an app has been installed by inserting an iframe pointing to app scheme / /, and monitoring the onerror time

3. Problem 1: it is a normal rule for more goods to be sold at a lower price and less at a higher price, but profits are also related to elasticity. A lower price with greater elasticity will increase profits, while a lower price with less elasticity will only rece profits. In the event of an economic crisis, people generally hold tight their money bags, so many commodities are ignored even if they are low-priced. This leads to a relative surplus of supply. It's not that there are too many things proced, but that no one buys them. However, destruction of goods is an indivial phenomenon with only symbolic meaning
question 2: as mentioned in question 1, when the crisis occurs, no one will buy the goods regardless of the high price and low price. If the goods are stored, on the one hand, the shelf life of some goods may be very short and it is inconvenient to store them; What's more, once it's stored, the company's inventory will increase, and the capital turnover will have problems. Because the company's operation has liabilities, most of which are borrowed from the bank, and the bank can't protect itself in the crisis. If the company doesn't repay the bank's money when it matures, the bank may break down. But now the company's procts haven't been sold, and there is a large backlog, and there is a lack of cash in hand, There is no money to pay back at all, which may lead to the bankruptcy of the company. Therefore, in the economic crisis, it is not advisable to hoard goods, just like the real estate instry in China now. Due to the state regulation, the downward trend of house prices has become irreversible. Most buyers hold money to wait and see. Even if the price is reced, there are few buyers. In fact, it is an economic crisis in the real estate instry, and a large number of houses in the hands of real estate developers can not be realized, At the end of the year, if the bank loan matures, it can be renewed for a while. If it can not be renewed, and it can not borrow new models, the real estate company will only face bankruptcy
question 3: the answer on the first floor is very good. At present, only the United States is likely to solve the problem by printing money. The US dollar is an international currency, so a large number of printing dollars will lead to global inflation. For poor countries, in fact, it's not just poor countries. Now, if other countries except the United States print more currencies, their currencies will inevitably depreciate, and the international purchasing power of currencies will decline. In the past, six yuan can buy one dollar, but now it's ten yuan one dollar. Not only can they not buy more foreign goods, but they can't buy more foreign goods, The over inflation caused by printing more money may also lead to less foreign goods bought by printing more money.

4. Personal opinion:
if there is another economic crisis, I think it is the most ideal way for people to deal with it. To a large extent, the economic crisis is caused by the operation of various currencies in the market. When the economic crisis comes, keeping virtual currency is facing great risks. If the crisis is dealt with in time, the retained currency may appreciate. If the crisis continues to spread, keeping virtual currency will only face more bad losses. Food, transportation, houses, clothes and other objects are essential for human survival. The final form of money is physical objects. The currency issued without physical objects is undoubtedly a pile of bubbles.
in the economic circle, China is a socialist market economy country with special development plan and market. Administrative management plays a leading role. It is difficult for China with many state-owned enterprises to have an economic crisis. Even if it happens, it is artificial, and the possibility of market inction is very small. Therefore, most of the economic crises in China are "imported". In this case, it is difficult to discuss the impact on China's currency e to the differences in currencies and monetary policies adopted by various countries
if the Central Bank of China issues a large number of currencies and other circumstances remain unchanged, the price of goods settled with the US dollar as the benchmark price will also change. If one US dollar can buy goods with a value of RMB 6 before the crisis, then one US dollar can buy goods with a value of more than RMB 6 after the crisis.

5. The following content is my hard work to write, no , please friends must look carefully

it's necessary to guard against others. The United States once defeated Japan in this way, making Japan enter a period of economic depression for nearly 20 years

it's not a good thing if the US dollar keeps falling like this

If our country owns US bonds, it is in danger of serious shrinkage~

the biggest feature of super sovereign currency is that there is no pressure of exchange, so there is no loss of exchange. Now the United States issues a large number of US dollars to shrink the world's US dollars, increase its exports and rece its foreign debt

of course, the international community is very opposed The United States wants people all over the world to pay for its debts, who would like to)

just like the US dollar now, if the international community settles trade and debt with us dollars, then the currency risk of the United States is "zero"

the United States hit Iraq a few years ago and Iran in recent years, When you have too many foreign treasury bonds, if they are e, you can force them to pay! If he can't pay back with the corresponding US dollars, he can ask him to pay with gold. Now the gold reserve of the United States is the first in the world

If our country can get gold, when our country's gold reserves reach a certain level, RMB can directly become the world currency

now the G20 and others are discussing what kind of currency the world should adopt in the future. Maybe after the US dollar euro, Asia dollar will be born, or maybe our country's RMB

this is not sensational. Gold and silver - pound sterling - US dollar (linked to gold) / euro, pound sterling replaces gold and silver, US dollar replaces pound sterling, and euro competes with us dollar. All these show that the world currency is moving forward

maybe a new "Yayuan" will be born soon

it is also predicted in the column "journey of confidence in China" that the evolution and development of currency will take a period of time

Americans are maintaining their dominant position in the US dollar world. The unlimited issuance of US dollars by the United States has been opposed by many countries in the world

the world bank, the world monetary fund and the WTO are all against it

the future currency will be born after the three major currencies of euro, US dollar and Asian dollar< During the Korean War in 1950, Japan's economy developed rapidly with the support of the United States, and became the world's largest creditor country for a time. The average annual economic growth rate was about 10%

in the 1980s, Japan's yen once gained strong international circulation

especially in Southeast Asian countries, e to Japan's large amount of loans to them and investment there, the circulation of Japanese yen there is very wide

but then there was a "square meeting", in which the United States put pressure on Japan, and Japan foolishly ceded its currency dominance to the United States - at that time, Japan had bought 10% of the fixed assets in the United States - and the Americans madly criticized that "Japan is going to buy the whole United States"

under such circumstances, Japan compromised and lost

after the 1997 Asian financial crisis, Japan withdrew its investment in Southeast Asia and lost the trust of Southeast Asian countries

in this way, the status of the Japanese yen has dropped sharply, and Japan has entered the current state of economic depression, and it has not come out yet—— The average GDP growth of Japan in the past decade is only 1%, which is 1% - 2% less than that of the United States, and the international trade volume has also dropped to less than one third of that of the United States

the situation in our country is very similar to that in Japan at that time

therefore, our country and the G20 are actively advocating the establishment of a new super sovereign currency or an excessive currency regional currency (Asian dollar)

as the United States, Japan, the European Union and the United Kingdom, of course, will oppose it, because super sovereign currencies are beneficial to most countries in the world, However, it will weaken the advantage of their own currencies (the current dominant advantage in the world, especially the U.S. - the world hegemony of the U.S. dollar will no longer exist, and the U.S. is very opposed to it, of course!)

it's just that under the current financial crisis, the U.S. is not too powerful to deal with this situation

printing and distributing a large number of US dollars means that the financial crisis in the United States will bring risks and shocks to every country in the world<

the current international debt of the United States is 76 trillion US dollars, which has exceeded the world's GDP output of 65 trillion US dollars in 2008

6. It is suggested that we take a look at the currency war 1, which is like wool shearing. First, the policy of currency devaluation causes inflation, and then the interest rate increases to cause deflation. Then, the economic crisis leads to the collapse of enterprises. At this time, the price of enterprises is obviously lower than the value, and the bankers buy a large number of cheap assets with a large amount of cash.

7. "We have gone, but the legacy is still here." the word used in Greenspan is absolutely not a compliment. When Joseph Stiglitz, an American economist and Nobel Laureate in economics, uses this word to draw a conclusion on Greenspan, Greenspan is not only the target in his context: "Greenspan encourages non fixed rate loans, believing that Americans can save a lot of money if they choose non fixed rate loans in the past decade. He seems to think that the U.S. economy can thrive as long as it has him at the helm. But it's only a matter of time before economic growth can be maintained. " When the subprime mortgage crisis that ravaged the United States for several days swept the global financial markets, Greenspan also seemed unwilling to be lonely. Media reports said he had publicly said that "if he were still in office, he would have cut the benchmark interest rate of the Federal Reserve by now.". Although he later commissioned a spokesman to deny that he had said such a thing, questions surrounding him continued to circulate in the media. Less than two years after retiring from behind the scenes, the 81 year old man was pushed to the forefront of public opinion. 2000-2005: controversial five years according to China's view, Greenspan's "style" is "not only for books, not only for the top, but only for reality". But in Greenspan's decision-making performance, the stage that really caused great controversy is about five years since 2000. Although wesbury, the former chief economist of the Joint Economic Committee of the US Congress, has different views on some policies made by Greenspan ring his presidency of the US Federal Reserve, he still thinks that Greenspan's correct decisions are more than his wrong ones: "every decision can't be correct. If it can be argued, I think that, It's just that some decisions in the last four or five years are worth discussing. " These five years have been an eventful time for the US economy. In the second half of the 1990s, the Internet economy promoted the stock market to rise strongly. At the beginning of 2000, all major market indexes reached an unprecedented peak. The Dow broke through 11000 points and the NASDAQ broke through 5000 points, but then it collapsed rapidly and dragged the economy into recession in 2001. The terrorist attack on September 11, 2001 was even worse. At this stage, the Federal Reserve first raised interest rates continuously, then cut interest rates rapidly until the federal benchmark interest rate fell to the lowest point of 1% in the past 50 years. Since June 2004, interest rates began to rise with the stability of economic recovery. So far, through 13 interest rate increases, the federal short-term loan interest rate has risen to 4.25%. Many economists hold a positive attitude towards the policy performance of the Federal Reserve ring this period. They believe that ring the expansion of the stock market bubble, the Federal Reserve raised interest rates several times to curb the growth of bubbles and avoid a bigger economic disaster. After the economy entered recession, Greenspan's stimulating monetary policy played an important role in promoting economic recovery; After the recovery momentum graally stabilized, he adopted the strategy of steadily increasing interest rates, steadily weakening the stimulating effect of monetary policy, thus not only ensuring economic growth, but also curbing inflation. However, another group of economists totally disagree with this evaluation. They believe that the economic change radically before and after 2000, and the subsequent real estate bubble that was triggered by low interest rates, was mainly caused by Greenspan's decision making mistakes. Anna Schwartz, a highly respected economist in the field of monetary economics in the United States, believes that the monetary policy adopted ring Greenspan's presidency of the Federal Reserve, especially between 2000 and 2005, planted the seeds of crisis in the US economy and financial system. "Take a look at the Fed's performance in 2000 and compare it to the way it worked between 2001 and 2005," she said. Worried that the Millennium Bug would cause widespread computer problems, the Federal Reserve took measures to inject a large amount of reserves into the financial system. Later, the computer problem did not occur. So from the beginning of 2000, the Federal Reserve quickly recovered the Federal Reserve. In 2001, the Federal Reserve thought that the economy would be shaken. In order to prevent it, it adopted a low interest rate policy. These shocks include the recession that began in March and the terrorist attacks in September, as well as corporate financial scandals, weak job growth and rising gasoline prices. Every time there is a shock, the fed worries that it will trigger a financial crisis, but it doesn't Schwartz pointed out that in the process of economic growth from July 2003 to June 2004, the Federal Reserve improperly kept the federal short-term loan interest rate at 1%, and then slowly increased the interest rate by 25 basis points each time until August 2006, when it raised the interest rate to 5.25%. She believes that the long-term low interest rate has brought three negative effects on the US economy. First, it distorts the credit market and the housing loan market; second, it reces the residents' savings; third, it intensifies the depreciation of the US dollar. The harm of inappropriately low interest rates goes beyond that. Schwartz believes that an important reason for the imbalance of the U.S. economy is that the domestic saving rate is too low and the consumption expenditure is too high. The direct result of this problem is that the current account deficit of the U.S. has increased rapidly in recent years, reaching as high as $800 billion this year. She said that the huge deficit needs to be made up by a large amount of foreign capital. As a result, the capital account surplus of the United States has increased significantly, increasing the risk of economic imbalance. Once there is a flurry, leading to the withdrawal of foreign capital, the United States will inevitably fall into a financial crisis. During Greenspan's 18 years in office, the U.S. economy has not only maintained a high growth rate, but also the inflation rate has been kept at a low level. Therefore, many media and experts attribute this remarkable achievement to Greenspan's subtle and superb control techniques. Charles Prosser, a professor of economics at the University of Rochester in the United States, believes that the long-term suppression of inflation is indeed one of Greenspan's main achievements. "During his term of office, Volcker (Greenspan's predecessor) reced the inflation rate from more than 12% to 3%. Greenspan continued this momentum and stabilized the low inflation situation of the American economy, This is probably the greatest achievement he has ever achieved. " Between 1996 and 1999, the Wall Street stock market continued to climb, and the economists began to raise interest rates to the fed to avoid the call of economic bubbles, which had always been a blow to inflation, but Greenspan refused to respond. He insisted that the US economy had undergone structural changes, and the proctivity growth brought about by the information revolution would offset the inflationary pressure. Regardless of the cynicism of the Federal Reserve and conservatives in Congress, he insisted on carrying out the original policy, and later proved that his prediction of the US proctivity growth was correct, realizing the longest period of growth and expansion in the history of the US economy. At the same time, Greenspan's new standard of ultra-low unemployment rate has created huge wealth for the middle and low class in the United States, as well as millions of poor people and immigrants. According to the famous "Phillip curve" argument that low unemployment rate will inevitably lead to rising inflation, for many years, economic experts firmly believe that in order to control inflation, the unemployment rate should not be lower than 6%. In the era of Greenspan economy, the unemployment rate fell below 4%, but inflation disappeared completely. Because of this, Greenspan began to be deified by the market In 1998, New Republic weekly published a news that some new york stock traders worshipped the image of Greenspan in their offices to seek inspiration for buying and selling stocks. Although this report proved to be false afterwards, it did not arouse people's suspicion before and after its publication, which is enough to prove that the Greenspan myth is deeply rooted in the hearts of the people. In the eyes of some people at that time, Bush and gore had a thrilling fight in the US presidential election, but they could not arouse the political enthusiasm of the Americans, and they had something to do with Greenspan - no matter who was elected, the chairman of the Federal Reserve or Greenspan. With an annual salary of $136700, Greenspan didn't speculate in stocks. Greenspan's words can influence the stock market, but he didn't buy stocks in order to avoid suspicion. According to his 1999 personal assets report to the US government in 2005, most of his assets are invested in US government short-term bonds. According to the information provided by the Federal Reserve website, Greenspan's personal assets in 1999 ranged from US $3.4 million to US $7 million (about RMB 24 million to RMB 50 million), which is believed to have a double-digit increase compared with the figure of US $2.5 million to US $6.4 million in 1998 (Greenspan's property declaration form does not require him to disclose the exact number of personal assets). It is not difficult to understand Greenspan's performance as chairman of the Federal Reserve over the past 14 years. In August 1987, he took over the stick of the chairman of the Federal Reserve from Volcker. In October of the same year, the Wall Street stock market suddenly collapsed, and the Dow Jones Instrial and commercial index plummeted 508 points. At that time, Greenspan immediately assured the market that the Federal Reserve would make every effort to ensure the normal flow of funds, timely stabilized market sentiment, and avoided the recurrence of the economic crisis caused by the 1929 stock market crash. During the Bush administration, he insisted on high interest rate policy to control inflation. After Bush's defeat in the 1992 presidential election, he publicly criticized Greenspan, who is also a Republican, as the main culprit for his failure in seeking re-election. However, Greenspan, despite political pressure, has been praised by the market for maintaining the independence of the Federal Reserve. As a student of Rand, a novelist who advocates conservative economic theory, the monetary policy of the United States under Greenspan's leadership reflects pragmatism and flexibility, which is not constrained by ideology or academic theory The Wall Street Journal summarized Greenspan's working methods as "a special combination of analysis and instinct" The New York Times reported that Greenspan hated dogma and doubted the economic model“ If Greenspan stands for anything, it's flexibility and freedom from dogma. "

8. Disgusting inflation will cause economic crisis, but it does not mean that inflation will definitely cause economic crisis. An economy is usually accompanied by moderate inflation, which means that the economy is growing
inflation refers to the general rise of prices e to the excess of money, while economic crisis refers to the crisis that the economic system does not proce enough consumption value, that is, the crisis of excess proction capacity, which means that prices generally fall

the passive economic crisis refers to the situation that the macro-economic management authorities of the country appear serious economic recession or substantial currency devaluation without preparation, which leads to financial crisis and then evolves into economic crisis. Here, currency devaluation is caused by the issuance of excessive money, so disgusting inflation will lead to economic crisis

if the government adopts expansionary fiscal policy and ignores the fiscal deficit in the period of economic prosperity, it will promote the excess money in the market and lead to inflation.

9. The subprime mortgage crisis has developed into a financial crisis... Because the emergence of the subprime mortgage crisis will hit investors' worries about the U.S. economy.. so they take their money to other countries for Investment.. such as China, etc.. There is also a problem of the depreciation of the U.S. dollar that many people forget. Because the U.S. has printed too much money... He has been printing money all the time

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

10.

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Xiao Chenyuan's words: "there is no difference between heaven and earth between genius and waste material, retrograde cutting down the sky, pointing to the sky, is the king's way."
I love to travel. There are beauties who don't soak, and there are free Xiuzhen roads that don't go. It's pretending! (^ O ^) / ~
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