Virtual currency Lang Xianping
Publish: 2021-04-14 16:58:16
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. Caijing Langyan
the issue on January 27, 2014
the issue on January 27, 2014
3. 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.
4.
The following is Lang Xianping's original words:
"Goldman Sachs used to be the largest shareholder of ICBC, and its good friend Bank of America used to be the major shareholder of CCB. CCB's listing has made them 130 billion yuan, which means that every one of us pays 100 yuan for Bank of America. The financial reform, in the end, profited from Goldman Sachs Group
I really don't know how I calculated at that time and why I was led by Goldman Sachs. Recently, those ghosts have cashed out frequently and gained huge wealth from it. With their empty singing and multi singing, we are bewildered, and some so-called experts feel very good. These experts are just like the "black mouth" of China's stock market, carrying sedan chair for Goldman Sachs, and they even don't know that they have been used by Goldman Sachs. "
Global Times disclosed that Goldman Sachs had done some bad things in the world and China: "more than two years ago, the soaring prices of oil and other international commodities led to global inflation and the increasingly difficult economy of developing countries, which was directly related to the manipulation of multinational investment banks such as Goldman Sachs. Take the oil price as an example. Before the international oil price set a record of 147.27 US dollars per barrel in July 2008, the trend was almost consistent with the report released by Goldman Sachsa Chinese economist said that when China's state-owned banks were restructured in 2004, Goldman Sachs published reports one after another to slander China's state-owned banks, saying that they are not worth a little money, and that bad debts are too high, they are not worth money. Don't take them. But as a result, Goldman Sachs and others bought the listed shares of Bank of China at an extremely low price. With the listing of a state-owned commercial bank alone, Wall Street companies such as Goldman Sachs made 130 billion yuan, equivalent to 100 yuan given to the United States by each Chinese
"Zhou Shijian, a senior researcher at the center for Sino US relations at Tsinghua University, told reporters that Goldman Sachs has been disrupting the international financial order. In 2007, Goldman Sachs published a report that crude oil would rise to $200 a barrel. At that time, China desperately bought crude oil at $147 a barrel. Goldman Sachs also set up "gambling agreements" with some Chinese companies, but quietly sold crude oil itself. By the end of the year, oil prices had fallen to $34 a barrel. China's SASAC officials have said they reserve the right to sue Goldman Sachs and other trading frauds
some readers may remember that in 2008, today's quick review of our newspaper published a series of opinions on oil prices, the "theory of cheap selling of banks" and so on. At the end of the year, it made a summary with the title "why do you always cheat students" At the end of the article, I said, "in the" currency war "dancing with wolves, we lose more and win less. Teachers have responsibilities, and students have responsibilities. "
5. Lang Xianping is an actor. He's not an economist, so let's just talk.
6. The RMB exchange rate continued to depreciate slightly. From the weekly chart, it is the fifth week in a row. This trend is rare in recent years. As of December 8, the onshore RMB fell 0.15% to 6.4179, the lowest closing level since 2011. Offshore renminbi also fell more than 100 points, or 0.19%, to 6.4861. Since the one-time devaluation of RMB by 2% on August 11, the global media has been shocked. So. How does the United States operate the most powerful weapon of the international strategy of exchange rate
let's look at the depreciation rate of major international currencies against the US dollar from 2014 to now. On the contrary, we are the strongest, with a depreciation rate of only 5.5%. There is still a lot of room for depreciation
it should be pointed out that we should not look at the exchange rate from the simple import and export data, because the exchange rate is never determined by the simple economic data, it is the most direct political
for example, in the Asian financial crisis of 1997, the United States made us devalue, but we didn't listen. We insisted on exchange rate stability and helped Southeast Asian countries through the crisis. After 2003, with the development of China's economy and the expansion of opening to the outside world, the United States forced us to appreciate. The reason is that China exports a large number of cheap goods to the United States, taking away the employment opportunities of the United States, resulting in a huge trade deficit in the United States. The United States has threatened to impose a 27.5% tariff on Chinese imports through legislation if the RMB does not appreciate by 30% - 40%. In the end, the yuan appreciated. Therefore, we should clearly know that the exchange rate is a tool in the hands of the United States, which is in line with its own international strategy
since its compilation in March 1973, the US dollar index has been a barometer reflecting the US dollar exchange rate. As can be seen from the figure below, since the collapse of the Bretton Woods system in 1971, the US dollar has experienced two rounds of complete fluctuations, and now it is the third round, and the US dollar index is in the process of rising. We should not think that this is a simple line. Behind every cycle is bloody plunder. Now I'll give you a detailed analysis of how these three rounds of exchange rate wars operate.
let's look at the depreciation rate of major international currencies against the US dollar from 2014 to now. On the contrary, we are the strongest, with a depreciation rate of only 5.5%. There is still a lot of room for depreciation
it should be pointed out that we should not look at the exchange rate from the simple import and export data, because the exchange rate is never determined by the simple economic data, it is the most direct political
for example, in the Asian financial crisis of 1997, the United States made us devalue, but we didn't listen. We insisted on exchange rate stability and helped Southeast Asian countries through the crisis. After 2003, with the development of China's economy and the expansion of opening to the outside world, the United States forced us to appreciate. The reason is that China exports a large number of cheap goods to the United States, taking away the employment opportunities of the United States, resulting in a huge trade deficit in the United States. The United States has threatened to impose a 27.5% tariff on Chinese imports through legislation if the RMB does not appreciate by 30% - 40%. In the end, the yuan appreciated. Therefore, we should clearly know that the exchange rate is a tool in the hands of the United States, which is in line with its own international strategy
since its compilation in March 1973, the US dollar index has been a barometer reflecting the US dollar exchange rate. As can be seen from the figure below, since the collapse of the Bretton Woods system in 1971, the US dollar has experienced two rounds of complete fluctuations, and now it is the third round, and the US dollar index is in the process of rising. We should not think that this is a simple line. Behind every cycle is bloody plunder. Now I'll give you a detailed analysis of how these three rounds of exchange rate wars operate.
7. 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 />
8. Because the U.S. dollar acts as the function of the world currency, the U.S. dollar is linked to gold, and other currencies are linked to the U.S. dollar. Therefore, the famous economist Lang Xianping will have the above remarks.
9. I think slow appreciation is the best
a one-time increase may cause a large number of people to lose their jobs, which China can not afford
don't think that appreciation is terrible. Most economists in Japan think that it has nothing to do with appreciation. Japan's exports only account for 15% of GDP, which is much lower than China's. when the appreciation was in that year, the export enterprises were very miserable, so they called it ferocious in the newspaper, so everyone thought that appreciation caused the recession. In fact, those import enterprises made more profits at that time, But they won't call appreciation good, or they'll call it abuse.. Just make a fortune. It has been studied that appreciation on the whole does not have much side effect, it is just a big difference in distribution
without appreciation, our enterprises have no worries. As it has been said since ancient times, they are born of worries. Slow appreciation can make enterprises transform. However, few people in China now feel at ease to do business... It's hard...
a one-time increase may cause a large number of people to lose their jobs, which China can not afford
don't think that appreciation is terrible. Most economists in Japan think that it has nothing to do with appreciation. Japan's exports only account for 15% of GDP, which is much lower than China's. when the appreciation was in that year, the export enterprises were very miserable, so they called it ferocious in the newspaper, so everyone thought that appreciation caused the recession. In fact, those import enterprises made more profits at that time, But they won't call appreciation good, or they'll call it abuse.. Just make a fortune. It has been studied that appreciation on the whole does not have much side effect, it is just a big difference in distribution
without appreciation, our enterprises have no worries. As it has been said since ancient times, they are born of worries. Slow appreciation can make enterprises transform. However, few people in China now feel at ease to do business... It's hard...
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