The American financial alliance "Contact with China Alliance" was established at the end of May, 2007, gathering the strength of all American financial institutions, such as banks and insurance companies, to carry out lobbying and public relations activities with China. Their slogan is: China's development, our opportunity.
Their goal is to make the doors of China market and financial market more open to them. The interests spokesman of American financial circles is far more than this contact with the China League. The U.S. Treasury Secretary and Congress have been attacking China's exchange rate and financial opening reform, hoping to participate in carving up China's financial resources and markets as soon as possible.
In this context, this book has some warning significance, but winning this war must rely on the government, including industry and finance. Today's financial elites seem to be "compradors" of foreign banks because they hire them with high salaries.
At present, it is a clumsy and good way to control the investment ratio of foreign banks. Foreign banks have always wanted to establish independent banks controlled by them, but GDB has now dispelled the concern of becoming a branch of Citigroup. In fact, the GDB model has aroused widespread concern in American financial circles, and is regarded as the touchstone to test the financial openness of China. Under strong pressure, GDB was driven out.
This book warns that the growth history of the United States is full of interference and conspiracy by international forces, especially the infiltration and subversion of the United States by international financial forces, which is the most surprising, but also the least known. This reminds people of the judgments and offensives of China stock market and international investment banks on China capital market. They control the market through the public statements of the media and the financial forces behind them, constantly creating fluctuations and making profits at the bottom.
The sinking of 530 stock market and GDB is the first and typical case. Banks controlled by state-owned or state-owned capital may eventually be annexed for various reasons.
Therefore, it is urgent to see the birth and vigorous development of commercial banks, entity commercial banks and private commercial banks. Only in this way can we build the Chinese nation's own financial backbone, but this road seems so far away. One reason is that the market access threshold is high, and the other reason is that their rise itself has impacted the established state-owned banks and has been hindered. Every nation believes in this logic, and it is better to let its own people control it than to let foreigners control it.
The description of private central banks reminds me of Hayek's free money and the efficiency of money. This is an interesting economic and political topic.
After reading this book, perhaps we can better understand the true meaning that finance is the core of modern economy. Why is the war over currency so thrilling and unpredictable?