Saturday, December 18, 2010
The new American strategy after the financial crisis the "conspiracy".
<P> 2008 recovery after the financial crisis does not seem as smooth as one would expect, but full of ups and downs. .Ordered by just under euro-zone economy, that is into the sea of fire, the Greek sovereign debt crisis triggered by a recovery in the euro area hanging sword of Damocles above, even if the European Union and the IMF launched a joint rescue plan still does not dispel the market for the euro .the disintegration of concern, and even the global economy triggered a "double dip" concerns. .</ P> <P> emerging countries, the development of the financial crisis in 2008 to the most, because of its good balance sheet, especially relative to good international capital account favored by hedge funds, which are in a crisis .the impact of small, but as the U.S. economy is entering a new growth cycle, emerging only to find the high international commodity prices and domestic prices as an economic asset price bubble in the biggest obstacle on the road of sustainable development, many countries have broken new .arm self-help, early contraction stimulus to suppress asset price bubbles, in the course of the economy more or less by the impact; the only surprise is that the 2008 financial crisis in the storm of the U.S. economy after the crisis has remained a stable .the momentum of recovery, although the pace of economic growth, unpleasant, but very solid foundation of economic growth, that there is no fear for sovereign debt crises, there is no consideration of economic inflation. .</ P> <P> financial crisis, the introduction of a variety of national policies to stimulate the economy, but the trend of global economic recovery preached difference. .U.S. dollar as the global reserve currency status is still the case, the U.S. policy to rescue a negative impact on world economic recovery mechanism. .Relying on its U.S. dollar global reserve currency, and the crisis after the first act to save the virtual economy, injected a large amount of liquidity to the market by way of pushing up inflation to ease the global crisis of its own. .</ P> <P> way to rescue the market has brought this three obvious consequences: First, over the past decade, the successful issue of the euro and the European economy continues to grow, making the emergence of Europe's confidence in the region .excessive expansion, and thus be the euro to the dollar's global hegemony initiated provocation. .Euro United States involved in the most sensitive areas of the Middle East, even in the Middle East's instigation, to replace the dollar as the settlement currency. .At the same time, the euro was driven by Middle East oil capital increase appeared strong, which makes the dollar suffered looting of the world's foreign exchange reserves locked in the euro countries, want to separate the euro as king. .It all touched most of the value of the currency of the United States hegemony. .The euro has just been established as early as when Greenspan talked about the euro area due to financial and monetary system design flaws, will be subjected to shocks in the future to make it into a time of crisis. .Although the euro zone monetary policy now appears to form a unified control, but it makes the country's own fiscal policy has become the only shield against external risks, which is bound to increase the country's financial risk. .A unified monetary policy, fiscal policy has no uniform, system design combined with birth defects in the development of imbalances within the euro zone economy, the basis for new economic growth point loss, making the current financial crisis risks to the U.S. policy shift easily to the corresponding .to the European body, make Europe into a position to become addicted, and system design flaws make everyone aware of the disintegration of the euro is not impossible, vertically against the euro means that U.S. credibility and the risk of hegemony has been in the post-crisis era .consolidation, and even more solid. .</ P> <P> Second, because of the financial crisis is bound to bring in the world is not balanced global economic differentiation, although the injury for at least the first economic recovery in developing countries growth, but due to the dependence on commodities ., released into the United States a large number of liquidity within the financial system is not really to support the development of the U.S. economy, but large numbers of assets into areas of the world. .At the same time as the global financial crisis rescue plan, in fact, we help the United States to enlarge the global capital market liquidity. .When the flood rescue and create resources for working capital to push products, you need raw materials in emerging markets will soon fall into the "cost of imported" pressure, China's skyrocketing housing prices, commodity boom is the main reason in fact to the United States flow into .overflow trap. .</ P> <P> but the good news is China is also active in response to this chess game, on the one hand to stimulate consumption of local mitigation by the decline in exports caused by economic pressure, on the one hand actively restructuring, vigorously develop the high tech and low added value .the field of new materials, new energy energy, raw materials and ease our over-reliance on cheap labor. .In the face of the global liquidity trap, we have the largest real estate asset bubble problems and the impact of the economic constraints to exposing a huge risk. .</ P> <P> Fortunately, our decision-making proactive use of force administrative intervention arm self-help initiative to squeeze the real estate bubble. .Although this process is painful, but short-term pain is better than long pain, think of our neighbors, then the real estate bubble in Japan 20 years after the economic loss should be well aware that we are doing is right, is timely. .The only way to high raw material prices in the face of time, the interest rate or exchange rate control means. .</ P> <P> Third, the United States through the "inflation tax" way to make the world pay for the U.S. crisis, hedge funds return to the United States ease domestic demand for capital in order to achieve economy has entered a new growth cycle. .Perfect pass risk in the United States in the past year to do basically carries. .Although a high proportion of the U.S. budget deficit, but the global financial crisis, the U.S. economy has made the strategic layout of the plot of this highly indebted countries received more capital inflows and credit expansion. .After all, is a limited global economic balance of the system, when this system are faced with all the great risk of economic shocks, when the country's military strength at this time, monetary hegemony will show a huge influence, and all this will cover up deep .all levels of the negative factors. .And these also to the U.S. real economy and the future development of the bottleneck created a stunning breakthrough opportunity. .</ P> <P> Although the U.S. financial crisis to the global strategic layout of the global economy has brought a lot of trouble, but the world economy must be an organic collaborative process of globalization today, left the trading partners, .any one country can not truly independent development. .Therefore, the purpose of the United States are naturally not want to plot the disintegration of the euro in turmoil, the emerging countries into high inflation, but the financial crisis in the uneven development of global system for the correction of a conspiracy type. .Ultimately to the world's major economies are back together, the synchronization can lead the economic development of the global economy to break the bottlenecks that we face. .</ P>.
Labels:
[:]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment