Economic Daily alert to virtual currency

1. Beijing fire coin World Network Technology Co., Ltd.
fire coin network generally refers to Beijing fire coin World Network Technology Co., Ltd.

Beijing digital currency trading company
Beijing fire coin World Network Technology Co., Ltd. is a digital currency trading company, founded by Li Lin in Beijing on May 1, 2013. On April 4, 2014, huoyuan.com won a round of tens of millions of RMB investment from Sequoia Capital, the top venture capital institution on Wall Street. On August 5 of the same year, fire coin acquired bitcoin wallet "fast wallet" and qukuai.com<

Chinese name
Beijing huoyuantianxia Network Technology Co., Ltd.

foreign name
Huobi Technology Co, Ltd.

headquarters location
Liangsheng building, Middle Road, Xierqi, Haidian District, Beijing

business scope
digital currency transaction

founder
Li Lin

total transaction volume
200 billion yuan (as of 2016)

all authoritative information
legal representative
Li Lin

business status
in business


registered capital
100

registration time
December 18, 2013

registered address
the first floor of 29b building, No.11 anningzhuang Road, Haidian District, Beijing The above information is provided by tianyancha

94% of the people have also seen the
China coin exchange
blockchain news platform
reliable and profitable blockchain app
Company Profile
fire coin is committed to building a safe bitcoin trading platform, and the team has many years of financial risk control experience. The core members graated from Tsinghua University, Peking University, Fudan University and other domestic famous universities, and came from domestic Internet and financial enterprises such as Goldman Sachs, Internet, Oracle, Tencent and Alibaba

in April 2015, fire coin set up fire coin blockchain Research Center, and established "digital asset research project" with Internet Finance Laboratory of Wukou School of finance, Tsinghua University (former Graate School of central bank) [1]. In July 2016, together with the Internet Finance Laboratory of Wukou College of Finance and sina science and technology, huobi.com released the 2014-2016 global bitcoin Development Research Report [2]. In the same month, the fire coin blockchain research center and the Mechanical Instry Press published the book "blockchain: defining the new pattern of Finance and economy in the future" [3]<

Proct Introction
flash player: a short-term trading tool tailored for traders. It provides 250 real-time transaction records per second for 20 outlets, 0-delay flash trading, supports split screen display of trading window and quotation window, and allows users to analyze quotation chart

hotcoin app: an app with comprehensive functions in bitcoin instry. A bitcoin trading app providing registration, recharge, trading, cash withdrawal and information integration services. This app has a price reminder function<

organizational structure
Li Lin
founder and chairman

Mr. Li Lin is the founder and chairman of fire coin and the promoter of global digital currency trading. Since the establishment of fire coin, he led the team to develop fire coin into a leading digital currency trading platform in the world. By the end of 2016, the accumulated trading volume was RMB 200 billion. Before the founding of fire coin, Mr. Li Lin worked in Oracle Asia Research Center and served as a R & D Engineer; In 2009, we founded the social proct Youyi based on MSN; In 2010, the second largest independent group buying search company in China was founded. Mr. Li Lin led the team to break the instry records repeatedly, and has rich experience in Internet Finance entrepreneurship and team management<

Du Jun, co-founder and director

Mr. Du Jun is the co-founder and director of fire coin, and a world-famous digital asset investment and manager. Prior to the establishment of fire coin, Mr. Du Jun worked in Kangsheng chuangxiang, a well-known community software company, and successively served as marketing director, operation director and proct manager; After Tencent acquired Kangsheng chuangxiang, it became its core proct Discuz! Proct leader, lead Discuz! Proct design of X series and Application Center. Mr. Du Jun has outstanding performance in marketing, operation, creativity and other fields.

2. With the continuous emergence of new words such as bitcoin, blockchain, Weilian, ICO, cryptocurrency has attracted great attention. In essence, blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies, and it is the underlying technology of bitcoin. In essence, blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies, and it is the underlying technology of bitcoin
Singapore is currently the most popular location for ICO projects in the world. As a financial center and International Arbitration Center in Southeast Asia, Singapore has an open-minded policy, a sound and stable legal system, blue sky, white clouds and bright sunshine, which makes it the most popular blockchain project landing country
2
3. Singapore is the most popular settlement area at present, which is easy to be recognized and establish a corporate public welfare image
4. Engaging in blockchain / ICO projects in Singapore can provide financial support and reasonable tax avoidance for enterprises. In April 2017, the lightcoin foundation said on its official website that it has officially become a non-profit company under the guarantee of the accounting and enterprise authority of Singapore. According to the local laws of Singapore, members of a "guarantee limited company" not established for profit-making purposes are obliged to contribute their assets to the company. According to the announcement on the official website, the main task of the foundation is to provide financial support to the core development team members of letcoin
how to register Singapore foundation
1. Name of the company: XXX Foundation Limited or Ltd in all English words
2. Provide scanned copies of ID card or passport of directors, at least three directors, one of whom is Singapore nationality (provided by our company)
3. Registered capital: 1 Singapore dollar
4. Local address in Singapore (provided by our company)

3. [image] 20 why does CSSL choose Turing complete scripting language similar to Ethereum?

4. I've read that the principle is correct and the plot is wonderful, but the content is too exaggerated and conspiracy theory. I think we have to judge when we read. Let's not use Marxism. He only represents his point of view and his own purpose. I think his writing is too extreme The currency war is not entirely true. Part of it is made up by the author. These secrets are sorted out by the author according to the real life materials, and then partially exaggerated. The purpose of his book is to reveal the truth of the world's currency development, especially to change the world's view of the United States. As soon as Mr. Song Hongbing's "currency war" came to the market, it immediately aroused the hot comments of many media, and also aroused the high attention of the relevant ministries and commissions of the state, especially the heated debate between the financial and academic circles. Recently, under the joint organization of China first business daily, CITIC publishing house and Shanghai Ruolin network, Mr. Song Hongbing delivered a speech with currency war in Shanghai and had a dialogue and exchange with some scholars and business people in Shanghai. What can we do to protect the money we earn? At this small forum, song Hongbing pointed out: many people do not know that the Federal Reserve is a private institution. As for the understanding that "the central bank itself is neutral and mainly guarantees the independence of monetary policy", song Hongbing puts forward his own view that whoever owns the central bank controls the financial market. The Fed has a lot of insider manipulation. Song Hongbing said that the Federal Reserve is responsible for the entire issuance system of the United States, which in fact affects the world. It is completely independent, not responsible to the government or Congress, without supervision and audit, that is, there is a fourth power above the three powers. If someone can control the issuance of money, then the basic idea of the financial market will be in trouble. In the United States, it is not the Federal Reserve that reports to the president, but the president should report to the Federal Reserve. To some extent, the power of the central bank is greater than that of the president. There are some problems in such a system. One is the conflict of interest. Commercial banks are the main driving force for the establishment of the central bank. At that time, commercial banks controlled the Federal Reserve. In the process of making monetary policy, these people are the ones who really make strategies. They know the change of policy before the market participants. The right to predict the change of interest rate policy gives them all kinds of opportunities to make money. Second, fairness. If commercial banks use their own money to issue currency, it does not constitute any problem. But in fact, banks issue currency with treasury bonds as collateral. Treasury bonds are the promise of future income, which involves fairness and moral hazard. During the Bretton Woods period, the US dollar was linked to gold, and its value was very stable. Its real purchasing power has fallen more than 90 times since the 1930s. From 1970 to now, especially in the last ten years, its purchasing power has become weaker and weaker. All the scalpers who work as US dollars in the black market have been laid off. This is also the process of accelerating the depreciation of the US dollar. The real estate in the United States has also risen sharply recently. In the 1970s, the price of a house worth 60000 US dollars is 400000 US dollars now. The intrinsic value has not changed. In fact, the currency is worthless. Now the purchasing power of the RMB and the US dollar is declining rapidly. The depreciation of the US dollar has accelerated in the past decade. If treasury bonds are used as collateral in the future, the purchasing power will inevitably decline. The two results of inflation are the decrease of purchasing power and the redistribution of social wealth. If we understand such an operation mechanism, what should we do? What can we do to protect the money we earn? Song Hongbing said that according to the amount of additional currency issuance, saving money can not rely on interest to offset inflation. The financial system gains the most from inflation. The central bank is printing money. Only 3% of the dollars in circulation are in circulation. There will be more and more credit money, not paper money. For example, if you deposit 100 yuan into the bank, the bank can expand it to 190 yuan for loans, and the bank is printing money. The instry closer to the banking system and the instry with the most loans actually gains the most, while the people who do not seek bank loans at all suffer the most. In fact, it is transferring the wealth of the people farthest from the banking system to the people nearest to the banking system. People need to understand the current financial system. Money and wealth are not exactly the same. The possession of wealth means that you own procts and services. Having money in itself does not mean having the same amount of wealth. Money and wealth are not exactly the same concept. When you receive money, don't be confused by the amount of money. The most important thing is to look at the procts and services you have. RMB is devalued for real property. Why is it appreciated for us dollar? Because the US dollar has depreciated more severely, we should consider from the perspective of wealth. RMB is actually devaluing. RMB, US dollar and stock index are all bubbling, that is, academic asset inflation. Serious bubbles will lead to overvaluation of real estate, so we should look for underestimated places. The most stable and effective index for inflation is the price of gold, which includes both assets and price factors. It is the most comprehensive. Therefore, if the price of gold is used to measure inflation, it can best reflect inflation. The price of all gold is strictly controlled. Once the price of gold rises, European banks will auction gold to suppress its price. Song Hongbing thinks the price of gold is undervalued. Real dollar inflation is actually at least twice the price of gold today. If the gold analogy is used, the price of gold is now at least 50% undervalued. When a country has doubts about its paper currency issuing system, the paper currency will depreciate. When people shake the dollar assets, gold and silver are bound to rise in price. When the people waver in the US dollar, they will no longer trust any currency and turn to gold and silver. This year, many European and American media have reported on this. An article directly put forward the view of the end of sovereign currency, that is to say, the central bank systems of all countries are now out of order, and it is likely that there will be a great recession in 1929. This is the biggest warning we've seen for us finance. To Mr. Song Hongbing's point of view, Chen Jian, executive deputy general manager of Cathay Pacific Fund Management Co., Ltd., thinks that it is almost impossible to restore the "gold standard" in currency issuance under such a large-scale situation of global economic development. Chen Jian said: first of all, governments will not agree to the restoration of the "gold standard" because this system will seriously restrict the government's power to regulate the economy by issuing paper money. Therefore, no government (or central bank), especially the big economic countries, will agree to restore the "gold standard". Of course, behind the government's behavior is the demand of social economic activities for a flexible currency issuing system. Under the "gold standard" system, the limited money supply can not meet the demand of a big country or even the global economy for money. Secondly, the people will not like the restoration of the "gold standard". In real life, for ordinary people, they don't pay much attention to which kind of monetary system to adopt. Whether they are doing business or living, they all hope to have a more relaxed and free environment. What we are concerned about is the continuous improvement of our living standards and quality. Take China as an example. Since the reform and opening up, people's living standards have been improved to varying degrees. They have adapted to the existing monetary system. There is no idea to change this system. As for the drawbacks of the existing currency issuance system, we can improve it by means of strengthening supervision and restriction. Chen Jian believes that with the excessive issuance of currency and the continuous exposure of its drawbacks, people pay attention to it, but it will not return to the track of "gold standard". In the era of excessive issuance of banknotes, he is very much in favor of how to avoid being "sheared". He thinks that the essence of this problem is how to manage money correctly. It is reasonable to regard gold investment as a part of personal finance. China should be wary of currency war. Shen Siwei, associate professor of the Institute of economic strategy, Shanghai Jiaotong University, shares song Hongbing's view on the risk of US dollar dominating world finance. Professor Shen stressed: the United States is a country with high consumption of resources. The rise of raw material prices is hard to bear. In order to directly obtain oil resources, the United States does not hesitate to resort to military means and is trapped in the quagmire of Iraq. High oil prices and the sharp increase of military expenditures have led to a sharp increase in the current account deficit of the United States and a substantial depreciation of the US dollar. In this case, the United States does not want to solve its own problems. Instead, with the help of the international status of the US dollar, it has intensified its efforts to promote world financial integration and political integration. In essence, it requires all countries in the world to fully implement the rules formulated by the United States, which is the "rules are exogenous to countries other than the United States, but endogenous to the United States" implemented by the United States. The so-called "political integration" means that all countries in the world should accept the "democratic model of the United States in which the two parties are in power in turn" and be flaunted as the universal values of mankind. This is just another religion. In essence, its purpose is to enable the United States to better intervene in other countries' domestic affairs in order to obtain the maximum benefits. The so-called "financial integration" refers to financial liberalization. Its essence is that the United States obtains the maximum benefit by financing from other countries through US dollars, and then purchasing other countries' assets at a low price through political, military and financial means. Professor Shen said that we can see that the issuing prices of Chinese companies listed overseas are always very low, while those in China are always very high. We can also see that CIC has bought the preferred shares of Blackstone at a high price, while Blackstone has bought the equity of Bluestar. Why don't we buy our own equity? In essence, if you don't transfer your interests to the United States and the international market doesn't allow you to participate, what's the logic? With the advancement of financial liberalization, the world financial market is becoming more and more fragile. In essence, no country can withstand the impact of the world's capital. But the world's capital will never impact the United States, because the U.S. financial institutions are in charge of the global dollar, the U.S. subprime mortgage crisis, the dollar does not fall but rises, this is the meaning of financial hegemony. Please give me a score

5.

virtual currency does not belong to currency, because it is not legal tender issued by monetary authority. It is a specific virtual commodity in essence

the announcement jointly issued by the seven ministries and commissions clearly points out that the token or "virtual currency" used in token issuance and financing is not issued by the monetary authority, does not have monetary attributes such as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market

at the same time, the announcement also pointed out that illegal selling and circulation, raising so-called "virtual currency" from investors, such as bitcoin and Ethernet, is essentially an unauthorized illegal public financing behavior, which is suspected of illegal selling token bills, issuing securities, illegal fund-raising, financial fraud, pyramid selling and other illegal criminal activities

Chen Jiahe, chief strategic analyst of Xinda securities, said that the protection of the value of real money or things with monetary attributes comes from two aspects: one is the strong guarantee and endorsement of the state power, and the other is the general public use and irreplaceable. Therefore, virtual currency is obviously not real currency

< H2 > extended information

People's Daily: be alert to the risk of virtual currency speculation

after the regulatory authorities have made clear their attitude, although bitcoin China, hotcoin and other "virtual currency" operators have successively taken restrictive measures on the trading platform, the risk of "virtual currency" speculation still deserves high vigilance

in response, the China Internet Finance Association also said in the "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", that bitcoin and other so-called" virtual currencies "lack a clear value basis and are increasingly becoming tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other criminal activities

investors participate in speculation through the "virtual currency" trading platform, and face the risk of price fluctuation, security risk, platform technology risk, etc., which need to be borne by investors themselves

in an interview with our reporter, Jin Yu, director of the Department of economics, School of economics, Shanghai University of Finance and economics, pointed out that supervision is very important to finance. Compared with the traditional financial procts and activities, "virtual currency" does not have an objective value reference at present

the financial activities based on "virtual currency" are far away from the regulatory system for a long time, so the related financial activities are easy to fall into the problems of "expected pricing" and "emotional pricing"

in this context, "virtual currency" may not only hide the grey transaction or even the black transaction, but also cause all kinds of risks, "crowd out" the real financial innovation, which is not concive to the sustainable and healthy development of Internet finance

6.

Bitcoin is a kind of virtual currency, because of its unique mode of proction, it has a high investment price. Recently, in the face of the news that bitcoin will be shut down in China, the global price of bitcoin has plummeted again and again. What should bitcoin do after the bitcoin mine disaster? Let's talk about the related content

Bitcoin will be shut down in China. He also said that bitcoin and other so-called "virtual currencies" are increasingly becoming tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and investors should keep vigilant and report to the police immediately when they find clues of illegal and criminal activities

recently, local regulatory authorities have strengthened the investigation of bitcoin and other virtual currency trading platforms. On September 14, the reporter learned exclusively from the regulators close to the local Internet Finance rectification office that the regulator has made a final conclusion on the domestic bitcoin trading platform: "all the bitcoin trading platforms will be shut down, and they will withdraw from the market in the near future."

China's bitcoin trading will be shut down

although bitcoin trading platforms may move to foreign countries, the news that bitcoin will be shut down in China has also seriously caused bitcoin prices to plummet. As of September 14, major virtual currencies plummeted. As of 9 pm on the 14th, bitcoin China's data showed that bitcoin fell about 20% on that day, below 20000 yuan, Wright currency and ether currency fell more than 30% in the day

many investors think that bitcoin will be shut down in China, which is a good opportunity for bitcoin bottom hunting, but Xiaobian suggests that you do not invest easily first, because the Chinese market is a very important part of bitcoin trading. Without the Chinese market, the change of bitcoin is still unknown

7. Bus route: Y7
→
100, about 21.4km
1. Walk about 70m from Leifeng Tower to Jingsi station
2. Take Y7, pass 12 stations,
to east bus station
3. Walk about 10m to South of genxintianqiao (East Station clothing market) station
4. Take No. 100, pass 10 stations,
to Hangzhou bus passenger transport center station

8. Bus route: Y7 → 100, the whole journey is about 21.4km
1. Walk about 70m from Leifeng Tower to Jingsi station
2. Take Y7, pass 12 stops, and reach the east bus station
3. Walk about 10m, and reach genxintianqiao South (East Station clothing market) station
4. Take No. 100, pass 10 stops, and reach Hangzhou bus passenger transport center station

9. As long as a DOS command, you can get a clear picture of the system
Step 1: click "start → run" to open the run dialog box, enter "CMD" (without quotation marks, the same below) and press enter to open the command prompt window
Step 2: enter "systeminfo & gt; c:\ Sysinfo. TXT ", press enter to execute. Ha ha, at this time, a sysinfo.txt file will be created in the root directory of Disk C, which contains your host name, operating system details, proct ID, processor model, memory, BIOS version, system directory path, virtual memory details, patch installation, network card connection and other detailed reports
Step 3: if you are too lazy to call the resource manager, enter the C disk directory step by step, and then open sysinfo.txt, you can directly enter "start C: &# 92" at the command prompt; Sysinfo. TXT ", you can quickly open this report file
tip:
- "systeminfo" is a command-line tool for viewing system information in XP system. It can also take some special parameters to specify the connection to remote system and the format of display results. For details, you can enter "systeminfo /" Command view& gt;” DOS is a redirection command, you can export the results displayed by other commands to a text file, which is followed by the specified export file name“ "Start" is a start command under DOS. Its function is similar to double clicking a file in the resource manager.

10. Song Hongbin, author of currency war

Chen Jian, executive deputy general manager of Guotai fund management Co., Ltd.

SHEN Siwei, associate professor of Institute of economic strategy, Shanghai Jiaotong University

according to the amount of additional currency issuance, saving money can not rely on interest to offset inflation. The financial system gains the most from inflation. In fact, it is to transfer the wealth of the people who are farthest away from the banking system to the people who are nearest to the banking system

when people waver in US dollar assets, the prices of gold and silver are bound to rise. When the people waver in the US dollar, they will no longer trust any currency and turn to gold and silver.

with the rapid development since the reform and opening up, China's economic and financial strength has become stronger and stronger, and some countries are increasingly worried about whether China will become a challenger to the existing international rules. The best way to eliminate the challenger is to ask China's finance to be fully open and capture the country's financial system through the financial crisis cycle. This is another kind of war, namely the currency war or the financial war.

Mr. Song Hongbing's "currency war" immediately aroused the hot comments of many media, and also aroused the high attention of the relevant ministries and commissions of the state, especially the heated debate between the financial and academic circles. Recently, under the joint organization of China first business daily, CITIC publishing house and Shanghai Ruolin network, Mr. Song Hongbing delivered a speech with currency war in Shanghai and had a dialogue and exchange with some scholars and business people in Shanghai

what can we do to protect the money we earn< At this small forum, song Hongbing pointed out: many people do not know that the Federal Reserve is a private institution. As for the understanding that "the central bank itself is neutral and mainly guarantees the independence of monetary policy", song Hongbing puts forward his own view that whoever owns the central bank controls the financial market. The Fed has a lot of insider manipulation

Song Hongbing said that the Federal Reserve is responsible for the entire issuance system of the United States, which in fact affects the world. It is completely independent, not responsible to the government or Congress, without supervision and audit, that is, there is a fourth power above the three powers. If someone can control the issuance of money, then the basic idea of the financial market will be in trouble

in the United States, it is not the Federal Reserve that reports to the president, but the president should report to the Federal Reserve. To some extent, the power of the central bank is greater than that of the president. There are some problems in such a system. One is the conflict of interest. Commercial banks are the main driving force for the establishment of the central bank. At that time, commercial banks controlled the Federal Reserve. In the process of making monetary policy, these people are the ones who really make strategies. They know the change of policy before the market participants. The right to predict the change of interest rate policy gives them all kinds of opportunities to make money. Second, fairness. If commercial banks use their own money to issue currency, it does not constitute any problem. But in fact, banks issue currency with treasury bonds as collateral. Treasury bonds are the promise of future income, which involves fairness and moral hazard

ring the Bretton Woods period, the US dollar was linked to gold, and its value was very stable. Its real purchasing power has fallen more than 90 times since the 1930s. From 1970 to now, especially in the last ten years, its purchasing power has become weaker and weaker. All the scalpers who work as US dollars in the black market have been laid off. This is also the process of accelerating the depreciation of the US dollar. The real estate in the United States has also risen sharply recently. In the 1970s, the price of a house worth 60000 US dollars is 400000 US dollars now. The intrinsic value has not changed. In fact, the currency is worthless. Now the purchasing power of the RMB and the US dollar is declining rapidly

the depreciation of US dollar has accelerated in recent ten years. If national debt is used as collateral in the future, its purchasing power will inevitably decline. The two results of inflation are the decrease of purchasing power and the redistribution of social wealth. If we understand such an operation mechanism, what should we do? What can we do to protect the money we earn

Song Hongbing said that according to the amount of additional currency issuance, saving money can not rely on interest to offset inflation. The financial system gains the most from inflation. The central bank is printing money. Only 3% of the dollars in circulation are in circulation. There will be more and more credit money, not paper money. For example, if you deposit 100 yuan into the bank, the bank can expand it to 190 yuan for loans, and the bank is printing money. The instry closer to the banking system and the instry with the most loans actually gains the most, while the people who do not seek bank loans at all suffer the most. In fact, it is transferring the wealth of the people farthest from the banking system to the people nearest to the banking system

people should understand the current financial system. Money and wealth are not exactly the same. The possession of wealth means that you own procts and services. Having money in itself does not mean having the same amount of wealth. Money and wealth are not exactly the same concept. When you receive money, don't be confused by the amount of money. The most important thing is to look at the procts and services you have

RMB is devalued for real property. Why is it appreciated for us dollar? Because the US dollar has depreciated more severely, we should consider from the perspective of wealth. RMB is actually devaluing. RMB, US dollar and stock index are all bubbling, that is, academic asset inflation. Serious bubbles will lead to overestimation of real estate and so on. We should look for underestimated places.

the most stable and effective index for inflation is the price of gold, which includes both assets and prices. It is the most comprehensive. Therefore, if we use the price of gold to measure inflation, it can best reflect inflation. The price of all gold is strictly controlled. Once the price of gold rises, European banks will auction gold to suppress its price. Song Hongbing thinks the price of gold is undervalued. Real dollar inflation is actually at least twice the price of gold today. If the gold analogy is used, the price of gold is now at least 50% undervalued

when a country has doubts about its banknote issuing system, banknotes will depreciate

when people waver in US dollar assets, gold and silver are bound to rise in price. When the people waver in the US dollar, they will no longer trust any currency and turn to gold and silver. This year, many European and American media have reported on this. An article directly put forward the view of the end of sovereign currency, that is to say, the central bank systems of all countries are now out of order, and it is likely that there will be a great recession in 1929. This is the biggest warning we've seen for us finance< However, Chen Jian, executive deputy general manager of Cathay Pacific Fund Management Co., Ltd., believes that it is almost impossible to restore the "gold standard" in currency issuance when the global economy has developed to such a large scale< According to Chen Jian, first of all, governments will not agree to the restoration of the "gold standard", because this system will seriously restrict the government's power to regulate the economy by issuing paper money. Therefore, no government (or central bank), especially the big economic countries, will agree to restore the "gold standard". Of course, behind the government's behavior is the demand of social economic activities for a flexible currency issuing system. Under the "gold standard" system, the limited money supply can not meet the demand of a big country or even the global economy for money

secondly, the people will not like the recovery of the "gold standard". In real life, for ordinary people, they don't pay much attention to which kind of monetary system to adopt. Whether they are doing business or living, they all hope to have a more relaxed and free environment. What we are concerned about is the continuous improvement of our living standards and quality. Take China as an example. Since the reform and opening up, people's living standards have been improved to varying degrees. They have adapted to the existing monetary system. There is no idea to change this system

the drawbacks of the current currency issuance system can be improved by strengthening supervision and restriction. Chen Jian believes that with the excessive issuance of currency and the continuous exposure of its drawbacks, people pay attention to it, but it will not return to the "gold standard" track. In the era of excessive issuance of banknotes, he is very much in favor of how to avoid being "sheared". He thinks that the essence of this problem is how to manage money correctly. It is reasonable to regard gold investment as a part of personal finance<

China should be alert to currency war

SHEN Siwei, associate professor of the Institute of economic strategy, Shanghai Jiaotong University, shares song Hongbing's view on the risk of US dollar dominating world finance. Professor Shen stressed: the United States is a country with high consumption of resources. The rise of raw material prices is hard to bear. In order to directly obtain oil resources, the United States does not hesitate to resort to military means and is trapped in the quagmire of Iraq. High oil prices and the sharp increase of military expenditures have led to a sharp increase in the current account deficit of the United States and a substantial depreciation of the US dollar. In this case, the United States does not want to solve its own problems. Instead, with the help of the international status of the US dollar, it has intensified its efforts to promote world financial integration and political integration. In essence, it requires all countries in the world to fully implement the rules formulated by the United States, which is the "rules are exogenous to countries other than the United States, but endogenous to the United States" implemented by the United States

the so-called "political integration" means that all countries in the world should accept the "democratic model of the United States in which the two parties are in power in turn" and be flaunted as human universal values, which is just another religion. In essence, its purpose is to enable the United States to better intervene in other countries' domestic affairs in order to obtain the maximum benefits. The so-called "financial integration" refers to financial liberalization. Its essence is that the United States obtains the maximum benefit by financing from other countries through US dollars, and then purchasing other countries' assets at a low price through political, military and financial means. Professor Shen said that we can see that the issuing prices of Chinese companies listed overseas are always very low, while those in China are always very high. We can also see that CIC has bought the preferred shares of Blackstone at a high price, while Blackstone has bought the equity of Bluestar. Why don't we buy our own equity? In essence, if you don't transfer your interests to the United States and the international market doesn't allow you to participate, what's the logic

with the advancement of financial liberalization, the world financial market is becoming more and more fragile. In essence, no country can withstand the impact of the world's capital. But the world's capital will never impact the United States, because the U.S. financial institutions are in charge of the global dollar, the U.S. subprime mortgage crisis, the dollar does not fall but rises, this is the meaning of financial hegemony.