American director "currency war" combined to suppress the rise of China.

<P> "Start in China, will not be problems, but when and in what manner the problem." Mr Song in 2007 in a best-selling financial book "Currency War," a book of prophecy. .In the fall of 2010, his prediction seems to be becoming a reality. .</ P> <P> Although the U.S. Treasury secretary more than 13 countries, said the recent intervention in currency markets will not lead to the risk of global currency war, but the "currency war" has become a global media attention. .Many academics and media in view, the Sino-US "currency war" has been heating up even more. .Interview national scholars believe that the currency of this global war, the initiator is the United States against the main targets is China. .</ P> <P> Earlier, the United States fluent in "currency war" means to suppress the Latin America, Southeast Asia, Japan and other countries and regions, and achieved success. .This time, the United States launched the yuan "currency war", but also succeeded it? .This week's roundtable, we invited two scholars Mr Song and Jiang Yong, director detail how the U.S. currency and how China should deal with the war. .</ P> <P> smoke everywhere </ P> <P> war not only fire </ P> <P> army suit appears </ P> <P> the most recent currency of the world into war remarks ., the first speech from the Brazilian Finance Minister. .September 27, the Brazilian Finance Minister Mantega in a speech said: "We are in an international currency war, devaluation of national currencies in general, which form a threat to us, because it reduces the competitiveness of our .. "He said that the Brazilian government" will take decisive action "to prevent excessive appreciation of the Brazilian currency, the real. .</ P> <P> 10 月 8 日 to 10, the International Monetary Fund (IMF) and World Bank annual meeting in Washington. .For "the world is facing currency war", "world currency undervaluation trigger war" arguments such as rolling, the exchange rate becomes distracting to the main topic of the annual. .</ P> <P> long been engaged in the study of economic security is recognized scholar Jiang Yong, "Currency War," saying that he believes the current international financial sector in the exchange rate of the war, actually is a war. .Yong Jiang said with emotion, people in the past mention of a war between nations, will always think of fire-torn battlefield, but in economic globalization, the scale of the battlefield not only spread to the financial sector, there have been wearing an army suit .between countries can be said to have the game to the extent of rattling. .</ P> <P> Mr Song said: "I remember three years ago, many people are ironically me and said, 'Currency Wars' is a noun phrase disease." But now, even the Western mainstream media are beginning to discuss the currency's war .words (currencywar). .</ P> <P> of the Chinese victims </ P> <P> crazy printing money the U.S. </ P> <P> largely suppressed in China </ P> <P> accused some developed countries, China and other emerging economies exchange their currencies undervalued ., Brazil, Japan, Korea, Thailand and other countries central banks have begun to manipulate the currency devaluation of the currency last month, the smoke of war, is gradually spread worldwide. .However, in Jiang Yong view, the crux of this issue the currency of war or the United States to pressure China to revalue its currency, in other words, the war hero has only two - the United States and China. .</ P> <P> Mr Song also bluntly, the world's discerning eye can see, waged this war is money the United States, the primary means of war, the so-called "quantitative monetary easing policy," the propaganda war .slogan is "against currency manipulation," "oppose trade protection" to promote the "rebalancing the global economy," while the main target is China. .</ P> <P> the U.S. government so-called "quantitative monetary easing policy", in fact, crazy printing bills. .Crazy printing money because the United States, one can reach the United States to dilute the purpose of debt, and secondly, mass distribution of the U.S. dollar significantly diluted the hands of the original claim holders of gold, but also to release dollars in "toxic assets" significantly increased. .</ P> <P> Mr Song of this view, but also from one level to explain why the gold this "honest money" from the financial crisis in 2008 when 700 U.S. dollars an ounce, soaring to the current $ 1,350. .He added that the Fed in November has recently seen the monetary policy of quantitative easing is likely to exceed the total amount of 1 trillion, an increase of 40% of the base money, so Mr Song boldly predicted, gold and silver prices jumped again difficult to avoid. .</ P> <P> Japan's "Sankei Shimbun" October 10th is also an article, war, truth is the money the U.S. government wantonly to print money to a self depreciation of the dollar means to promote the newspaper and even cursed the U.S. government ."shameless", the Fed and financial institutions to "collusion." .</ P> <P> paper is based on the UK's Cazenove Capital Management U.S. CNBC CNBC guest analyst broke the news, he said: "The U.S. government authorized the Federal Reserve's securities companies are using stock index funds to purchase U.S. securities .. "Cazenove is the British royal family since the 19th century Queen's securities brokers familiar with the Wall Street insider. .</ P> <P> causes of war </ P> <P> China alone show cause alert </ P> <P> let the yuan fall guy </ P> <P> River Bay in the eyes of the currency war against the United States .means adept opponents. .The last century, Latin America, Japan, Southeast Asia, have in the U.S. exchange rate and monetary offensive got involved in the crisis. .Earlier this year, the United States even with the implicit means to combat the euro. .The main purpose of the United States to suppress these countries and regions are good momentum of development in order to maintain dollar hegemony. .</ P> <P> Jiang Yong believes that in the present context of the financial crisis, China has become the world's most dynamic economies. .Before that, the euro had fallen into the trap of the United States, deep crisis. .Revitalization within the foreseeable future trend of the yen, the Chinese economic recovery for some interest groups are deeply disturbing. .</ P> <P> Yong Jiang bluntly, the United States waged against China currency war for the simple reason that China, after the financial crisis continued to maintain a rapid development, which has aroused the vigilance of the United States. .He believes that a carefully planned step by step, the U.S. currency this war, not only to allow the yuan to appreciate the negative into a passive position, leaving the Chinese into a moral "unjust" land. .</ P> <P> Jiang Yong believes that money is the root cause of war, U.S. dollar-dominated international monetary system with a huge problem, but allows the yuan to back the United States bear the blame, it is not fair. .</ P> <P> Mr Song agree with this view, whenever he believes is the largest United States accused China a currency manipulator when in fact we should realize that the United States dollar is the real issue of the maximum manipulation of power. .Settlement of U.S. dollar as the world currency and a common mechanism of its release, making Fed equivalent of a World Bank. .U.S. monetary policy without the consent of the consent of other countries, other countries can not restrict them. .</ P> <P> Glossary </ P> <P> in the current context, the so-called "currency war" refers to the countries competing to keep their exchange rates to allow the export sector a competitive advantage, to protect or expand .its related industries in the international market share. .</ P> <P> coping strategies </ P> <P> the United States want to re-engage in "Plaza Agreement" </ P> <P> China U.S. debt can fight back </ P> <P> When asked about this money .When will the stop the war, Jiang Yong pointed out that the exchange rate issue is a cyclical issue, the United States will come up from time to time this weapon to put pressure on China to suppress the weapon as a time-tested in China, to force the appreciation of the renminbi, .will eventually be a similar "Plaza Accord" of the agreement imposed on China. .</ P> <P> 1985, the United States and Japan, the Plaza Accord was reached between the Government, the Japanese government agreed to appreciation of the yen led to the Japanese economic bubble burst, the Japanese economy thus lost 20 years of rapid development. .Yong Jiang and Mr Song are worried about a similar situation in China. .</ P> <P> River Bay with concern that the United States, China has been pushed to the wall, the RMB appreciation can not be a passive way. .</ P> <P> On China's counter-means, and Mr Song, and Yong Jiang have agreed that the United States Treasury bonds. .Mr Song said that China should seize the United States, it hurts, this hurts the U.S. Treasury. .</ P> <P> Yong Jiang suggested that the appreciation of the yuan should be linked to China's holdings of U.S. Treasury bonds, according to its own model that he projected, the appreciation of the RMB for each one percentage point reduction in China should be 3 percent of the U.S. .bonds. .As for the recovery of these assets, Yong Jiang proposed a compromise, he believes that China can be the market price, redemption of U.S. investment in China part of the assets. .</ P>.