Rebirth 79: I opened a bank in the United States

The multidimensional nature of the economy is again in that
Compared with the general bathroom, it is wider, but it is actually a relatively small bathroom, revealing its prototype!
Speaking of the US dollar, a strong US dollar, an overvalued US dollar, or a high US dollar.Let’s not look at how it came about and how it was formed, let’s first look at its pros and cons.
On the positive side, first, the national confidence has improved!
Needless to say on this point, just look at the series of praises on the Chinese Internet when the RMB appreciated in the previous life, and the series of speeches that feel like you are so awesome, as if you have become a developed country, can be compared to the situation at this time.As for the fact that when the renminbi appreciated, China had a large amount of foreign exchange reserves and even more than 1.2 trillion US dollars in bonds. Who cares about this compared to the superficial singing and dancing? !
Even if, due to the sudden appreciation of the renminbi, China is facing no small actual losses.But people don't care about this!

In other words, maintaining a strong U.S. dollar is beneficial to those in power in the United States in exchange for votes by giving the American people false confidence in prosperity!
Two, mobility, especially worldwide mobility is better!
In international trade, the choice of settlement currency is a very important thing.The underlying reason for choosing which currency is the international settlement currency is of course the embodiment of comprehensive national strength
A simple understanding of this sentence is that, for example, the United States today can produce a large number of equipment, equipment, etc. that other countries cannot produce at all, but are urgently needed.
As long as there is this demand, there is no need to worry about not being able to spend the dollars received in the trade between countries.It's like, now, country A has sold several shipments of potatoes to country B, and country B has given US dollars to country A.Then, country A wants to buy two shipments of Chinese cabbage from country C. Country A intends to pay in US dollars, but country C says no! Country C only accepts RMB
Country A looks at the dollar in his hand at this time. Don't even think about it!
OK!It's just that they don't accept US dollars, it's okay!Anyway, next month I will buy arms from the United States, so I don’t worry about not being able to spend the money.
In this situation, based on the logic of commodity prices, it is deduced that most countries in the world need American goods, and the United States only accepts U.S. dollars.This leads to the fact that all countries need dollars!The higher the demand, the higher the dollar value!
At this time, if the United States has the heart to add fuel to the flames.
Once the U.S. dollar is overvalued, it means that countries have to bear the value of the dollar overflow when they are buying the U.S. dollar.In disguise, the United States has robbed a considerable part of the extra wealth by doing nothing!
This may not be intuitive enough, for example!

1979年时，中国有外汇储备18亿美元，中美汇率理论上是1比1.5，黑市价起码1比15
And that time coincided with China's transition from an agricultural country to an industrial country, production equipment, right?Production technology, do you want it?These things were lacking in China back then.

At that time, the international environment tended to be stable.There is no way for China to plunder this "primitive capital" through foreign wars, but if it wants to complete the most basic capital accumulation of industrialization, it can only do one thing: exploit the surplus value of traditional industries!
The added value of traditional Chinese agricultural products is very low.Take potatoes as an example. The potatoes in those years were about 1 cents a catty, 1000 tons of potatoes, and 30 million yuan.The per capita annual potato consumption in the United States is about 160 kilograms, so the [-] tons of potatoes can probably meet the consumption of [-] million Americans.

If calculated according to the exchange rate of 1:1.5, the 666.7 tons of potatoes can be sold for 30 million US dollars.And the same amount of potatoes can be sold for 3307 million U.S. dollars in the United States at [-] cents per pound!The difference formed in the middle is already terrifying. If the United States deliberately keeps the dollar strong at this time
Just as if China did not implement foreign exchange controls back then, but opened its doors like Thailand.What are the consequences?
Yankees only need more than 60 US dollars to import potatoes from China, and they can sell more than 3000 million.
In the entire link of potato production, centralized collection, transshipment, and sales, who provides the most labor value and is exploited the most? !

If the United States only gives China US$67 for every [-] tons of potatoes, how much can China give when buying potatoes from farmers?
Either China thinks it is unlucky, and gives money to the most grassroots old rural farmers as subsidies.Or, the potatoes that the old farmers worked hard for a year can only be exchanged for that little profit
If you are calculating labor costs and production costs, the situation will be even more disparate!
For example, the yield per mu of potatoes is about 3000 to 5000 catties, and the average yield per mu is 4000 catties.In China at that time, a farmer could only cultivate an average of 1.5 mu of land, that is, 6000 catties, harvested twice a year, and 6 tons of potatoes would consume a Chinese farmer's one-year labor time.To produce 8000 tons of potatoes requires the hard work of more than [-] Chinese farmers for a whole year.

What was exchanged was only a piece of industrial equipment that could be made by more than a dozen workers in less than a month or even a month.
If coupled with the impact of a strong dollar.
Data don't lie!

And the truth is often bloody!
They are all human beings, and the income and value obtained in exchange for the same time of labor are completely unequal!

The exchange rate is normal. We can also say that it is because of the gap caused by technical labor and manual labor. Although we are exploited now, we can always make up for it when we learn technology.But if the value of the dollar itself is wrong
Then this is an unreasonable, abnormal and brutal exploitation!

In the hands of a "strong US", a strong dollar is a very useful weapon!

Using this weapon well is enough for the United States to quietly plunder more wealth from all over the world!

The more these riches, the more potatoes.
The more low-priced potatoes imported from the world, the more people in the United States can leave the land and go to factories to make those high value-added products.Then it goes round and round and makes Americans the wealthiest bunch
In addition to this method, a strong U.S. dollar can also enable the United States to spend less money to obtain more benefits when it invests abroad, and so on.In short, there are many benefits!
This is the fundamental reason why the United States has maintained the strong position of the dollar at all costs for many years!

This is also the fundamental reason why Akio Toyoda does not believe that the United States is willing to give up such a particularly useful plundering weapon and depreciate the dollar
Under normal circumstances, whoever has such a big killer in his hand can't have fun? !Who wants to give it up? !
But, now is not the usual time!

Carter, who was lying in the bathtub, recalled the past of these years, and couldn't help feeling a little bit emotional
If in the field of industrial products, only the United States dominates, then a strong dollar can certainly allow the United States to absorb more profits.But if there are competitors, this monopoly business will be gone!

For the same industrial products, Japanese and German products are cheaper than your American products, so why do you need your American products? !
Under the catching up of Japan and Germany, the industrial production capacity that the United States is proud of, the top industrial production capacity, suddenly seems not so prominent.
Well, at this time, a strong dollar is a double-edged sword that hurts people
The production cost is too high and the export is unfavorable!
Exports are smaller than imports, which means that the United States spends a lot of dollars on imports every year.This leaves fewer dollars in the U.S., which in turn pushes up the dollar's value further.
Because, even if you don’t buy your American civilian industrial products, but military industrial products, right?Many countries still need it!There is always a place to spend this money, so in the eyes of all countries, it is necessary to keep the US dollar, and it will not easily become worthless.

But in the field of civilian commodity trading where the trade is most frequent, people no longer buy American goods.
Coupled with the three axes of Paul Volker, an American ruthless man
The dollar is getting scarcer, and the more scarce the dollar is, the higher the value of the dollar
The higher the value, the harder it is to sell the product.
A vicious circle is formed.