European debt crisis conspiracy theory: the United States shot strangulation euro stuck gold in China Online
Who Kill euro
Of course, being in the euro to strangulation, the U.S. will not forget the lock-in China
The greatest threat to the United States who is? To shake the dominance of U.S. dollar is who? The euro. Thus, the three major U.S. rating agencies lit the fuse of the crisis, the Greek crisis, financial panics, the euro depreciated, commodities down quickly ... ... early April, the global financial market turbulence, the financial panic level (VIX index) is close to Asia financial crisis, 9.11, and Bear Stearns event period. A series of events have a pair of invisible hands behind the ultimate benefit of the United States. Will not be the end of the story, similar to Greece's incidents will be produced again and again, kill the euro's action is just the beginning.
Forcing Greece
Early December 2009, three international rating companies, Moody's, Standard & Poor's and Fitch, have lowered the Greek sovereign debt rating, a hit in Europe, the global financial markets, pulling the debt crisis began. Zhu Min, vice president of Bank of China in the IMF office before going to the "Securities Market Weekly," told reporters that "Greece is just tip of the iceberg."
Greece is the detonating fuse of the debt crisis in Europe.
Why is Greece, an Olympic and birthplace of Western civilization? Was consistent with criticisms from the outside world is Greece's fiscal deficit and overall debt remains high scale. In 2009, the Greek fiscal deficit-GDP ratio as high as 13.6%, government debt-GDP ratio was 112.6%.
"European pig Five" (EU 5 countries into a debt crisis, Portugal, Italy, Ireland, Greece and Spain, the beginning of the letter referred to "PIIGS" and Pig similar, hence the name) of the other four countries, the situation is not much better than Greece . Ireland, Spain, the fiscal deficit-GDP ratio comparable with Greece, and Italy's government debt balance of the proportion of GDP, up 115%, worse than in Greece.
But one thing is essential, 7 Inch VGA Monitorthe minimum economic scale of Greece, GDP accounting for less than 2% of the European Union to attack them than Spain, Italy, is much easier, Greece is the debt problems of the whole of Europe the most vulnerable part. The Asian financial crisis in Thailand, is the first attack of the game Soros, the gap most likely to tear. And the difference is that the Asian financial crisis, Thailand is under attack in the fall of hedge funds, and Greece fell to the rating of soft bullets.
If only the Greek, on the euro zone will not have much impact, obviously this is not the purpose of rating.
Greece in the EU still deadlocked over to rescue when another bomb exploded. April 26, Standard & Poor's sovereign rating will be lowered by two levels, Portugal; April 27, Standard & Poor's lowered credit ratings directly to Greece to junk; April 28, Standard & Poor's rating from AA + to Spain, down to AA.
Spain and Greece can not compare, the size of their GDP accounted for 8.9% of the EU, with more than one trillion U.S. dollars in debt. A sudden surge in the market panic, "European pig Five" cost of financing the rapid increases in the EU were forced to finally take action.
2 May, the EU decided to join forces with the IMF, the interest rate of 5% to provide 110 billion euros to the Greek (EU 80 billion euros, IMF300 billion euros) in aid. Among them, Germany will provide 22.4 billion euros of rescue funds.
There is only a brief market stability, global stock markets fell sharply on May 4, the day the Greek stock market plunged 6.7%, Spain 5.4%, stock prices, the euro hit a 12-month low, U.S. Treasury prices continue to be pushed.
Market is clearly aware of the problem can not save Greece, Europe once again have to sacrifice in order to stabilize the situation in real money. Eurozone finance ministers on May 10 to determine the size of 500 billion euros of support programs to help member countries facing debt problems, other IMF is committed to further investment 250 billion euros. At the same time, European Central Bank through open market purchases of government and private bonds, to reduce the high cost of financing in some countries. Fed dollar swap agreement restart, expressed support for the shortage of dollar liquidity in Europe.
May 20, reflecting the sentiment Zhibiao financial market volatility VIX index had reached 45.8 点, which already exceeds 9.11, the Asian financial crisis and during the events 水平 Bear Stearns, just below the price of Lehman collapse O'clock.
Why have credit rating companies have the capability, and even affect a country's rise and fall? The complexity of financial markets and information asymmetry, making investors increasingly rely on the professional rating agencies. But if there is no strong backing behind it, security can be such a trouble?
Credit rating agencies on overseas markets down mercilessly, but U.S. companies seem humane. AIG due to huge losses in 2008, is undoubtedly its credit rating would be significantly reduced. In order to avoid its devastating the U.S. financial industry blow February 27, 2009, the U.S. Treasury called the three major rating agencies, specifically asked AIG not to lower the credit rating.
The position of the three major rating agencies are not completely neutral, not from Wall Street and the U.S. government and make an impact.
Down with the euro
Behind the rating agencies is a powerful Wall Street financial forces have penetrated into every corner of the global economy. Wall Street rating agencies need for their window dressing, while Wall Street rating agencies they need to get the corresponding high returns.
Before and after the subprime crisis, international financial markets are all a sign of trouble with Wall Street's shadow. Oil prices from 2007 to 60 U.S. dollars / barrel, surged to July 2008 of 147 U.S. dollars / barrel, China's strong demand was rising oil prices on Wall Street cosmetic reasons, but ultimately the U.S. government has to admit that the rapid oil price up, financial factors played a crucial role.
Sub-prime crisis is how to destroy the global economy, we all still fresh in our memory. Wall Street rating agencies with the help of selling toxic assets to the world. Large gains on Wall Street when the U.S. itself has been struggling with the global economy has experienced a major depression.
Greece also escape from the debt crisis affecting Wall Street. Wall Street in order to prevent the Greek bond default, before the low prices for a lot of credit default swaps (CDs). Rating agencies have lowered the credit rating after the Greek, CDs prices, Wall Street high throw, profit is not small.
Greek Prime Minister Papandreou said that hedge with CDs, as to allow a person to buy the insurance for the neighbor's house, and then set fire to themselves and to claim.
April 27, Greece 5-year CDs as high as 824.48 basis points, behind Argentina and Venezuela. To know that on March 8, when the price of Greece 5-year CDs still only 280.65 basis points.
A similar situation also occurred in countries such as Spain and Portugal, who, Portugal, 5-year CDs prices from March 10 to 112.32 points, up to April 27 of 382.9 points; Spain 5-year CDs prices from March 10 to 209 rose 92.3 points by the end of April.
Wall Street and rating agencies together, can not hide behind the United States as a whole. The focus of the core interests of the United States is undoubtedly the strong dollar and U.S. financial industry.
On the surface, the European sovereign debt crisis has hurt the United States itself, the Dow Jones index has dipped below 10,000 points. Significant depreciation of the euro against the United States may adversely affect the export strategy. If we think that the United States so short-sighted and underestimates the ability of the Americans.
European issues in making financial markets have fallen, it leads to decline in commodity prices. Crude oil prices in May from 87 dollars / barrel, falling to 74 U.S. dollars / barrel, a drop of about 14%, once fell to 67 U.S. dollars / barrel. Sharp fall in oil prices will undoubtedly reduce the cost of U.S. imports, up from the export price weakness.
U.S. Energy Information Administration (EIA) released data show that annual average 2009 was 906 million barrels of crude oil imports / day. If crude oil prices fell 10 U.S. dollars, the U.S. annual oil imports would save 33 billion U.S. dollars.
Benefits are still greater financial sector deepening debt crisis in Europe, making the cost of financing higher than the European banks, Bank of America. Governments, worried about the economy second bottom, a low interest rate of the time will be longer, long-term financing low-cost, Wall Street will undoubtedly be more convenient operation.
Federal Reserve (FED) 5 月 9 days although nominal U.S. dollar swap agreement for the support of Europe, but the week after the European Central Bank (ECB) provided only 90 billion dollars in short-term dollar liquidity, the European bank dollar borrowing costs, 5 18, 3-month U.S. dollar Libor is 46 basis points, while only 30 basis points in early. 3-month U.S. dollar Libor and overnight index swaps risk (risk-free
overnight indexed swap rate) spread is the worst level of the year.
U.S. Treasury Secretary Timothy Geithner on May 26 arrived in Europe, urged European governments to restore fiscal discipline, while condemning the recent introduction of the German ban "naked short selling" measures.
Why Geithner emphasis on Germany to ban "naked short selling" measures, although the measure is limited to Germany, but may be emulated by other countries in the euro area. In addition, the "naked short selling" mostly through London's financial market operations, the Wall Street naturally and ultimately were, Germany would no doubt be greatly restricted in the European financial markets on Wall Street as. Wall Street happy, Geithner himself will not worry.
The United States is likely to stop it? The market just breathing, Fitch put in on May 28, Spain's sovereign credit rating cut from AAA to AA +, the market is waiting for the next wave of shock.
In the financial interests behind, pulling the United States all of his interests is the core - the dollar's position.
This year, the United States on the issue has ignited the RMB, the yuan's international status is also the subject of much attention. This is only feint shot, ulterior motives. Yuan, after all, non-convertible currencies, the dollar only real threat to the euro, the euro's position since the founding of upgrading has been clearly demonstrated this.
Euro's share in the global foreign exchange reserves have been 18% from the early days of the end of 2009 rose to 27.8%; On the contrary, the status of the dollar decline of the dollar's share of global foreign exchange reserves from 71.2% in 1999, down to 2009 at the end of 62.1%.
Greece is only a prelude, "European pig Five" also pave the way only to weaken or even overthrow the euro is the goal of the United States. Debt issues in Europe, Wall Street first, get the most from the direct financial benefits, forcing the EU to spend the high cost of aid to Europe's recovery from the financial crisis, dragging back the euro, if not collapse, the status will be substantially reduced.
Euro against the dollar has moved from early December 2009 of 1.5, fell to 1.2 in the vicinity, down nearly 20%. Europe has become a global economic recovery weakest link in the euro zone economic growth in 2009 was -4.1%. IMF's latest forecast showed the euro zone GDP growth in 7 Inch Touch Screen LCD Panel2010 estimated that only 1.0%, lower than the U.S., also lower than in Japan, Britain, Canada and other developed economies.
Rescue Greece's economy in crisis, but Robin Hood and eventually consume the euro area core countries Germany, France and the vitality.
Control in China
At this moment, there is a larger world market, it is China - the three major rating agencies, Wall Street and the U.S. Another coveted piece of feng shui treasure.
The three major rating agencies have long set its sight on the Chinese market, China's current credit rating has been foreign investment in actual market control, which affect not only the financial voice, but also seriously affect the economic and financial security.
China's current large-scale national rating agencies have five, that the Grand Duke International Credit Rating Co., Ltd., in good faith assessment of the Securities Limited, Joint Credit Rating Co., Ltd. and Shanghai New Century Investment Services, Shanghai Far East Credit Rating Company. However, rating agencies, the United States in 2006 began a comprehensive credit rating agencies in China to infiltrate and control.
At that time, Moody's 49% stake acquisition in good faith and took over the franchise, and after seven years, 51% agreed; Xinhua Finance (U.S. control) acquired 62% stake in Shanghai Far East. In 2007, Fitch acquired 49% stake in the joint credit and take over its management rights; Standard & Poor's also the new century began and the Shanghai Cooperation Strategy, to discuss joint ventures.
U.S. rating agencies with the acquired company's offices, quickly tentacles extended to the whole of China, in less than two years, China will control nearly 80% of the credit rating market, in defense, communications, energy, transportation, finance, etc. relationship many important areas of national economy and sensitivity to obtain the credit rating industry's absolute control. Rating market, the United States on China's actual control, so that China lost to some extent in the financial Zhu Quan, the United States determines the credit rating Guize and financial products market pricing.
In the rating process, the U.S. rating agency of China's important to master the strategic side of information, enterprise technology and Jingying information, especially Shejiguojia strategic Anquanbumen the core message, Jiang Zhijieweixie Chinese enterprises Guoji Jingzhenglihuo national economic technology security. More importantly, the United States in control of China after the financial voice, according to their strategic needs, take advantage of problems in the financial field, timely financial instability, affect China's economic and financial security.
Of course, were strangled in the euro among the United States will not forget the lock-in China, the tool is the U.S. national debt.
China, Japan and oil exporting countries are the major holders of U.S. Treasury bonds since mid-2009, China has been a continuous reduction of U.S. Treasury bonds. But the Chinese holdings of U.S. Treasury bonds is not easy, after U.S. Treasury yields higher stage, but also overweight. Was expected, in March China's holdings of U.S. Treasury bonds 17.7 billion U.S. dollars, total holdings up to 895.2 billion U.S. dollars.
In late May, China-US Strategic and Economic Dialogue concluded among the seemingly peaceful,7 Inch LCD Touch Screen Monitors
to be hot before the RMB exchange rate issue is just a passing understatement. On the one hand, the euro's sharp depreciation of the effective exchange rate of the yuan in disguise soared, the natural pressure of RMB appreciation against the dollar was not so strong; the other hand, if only through political pressure on the renminbi appreciation, the apparent lack of initiative in the United States.
Level of the yuan to trade tend to be artificially inflated, but the financial aspects are easier to ignore. The real impact of the United States wants the yuan, had little effect political means alone,7 Inch TFT LCD Monitor through financial and capital open to weaken China on the yuan.
So, is the China-US Strategic 7 Inch LCD Touch Screen Monitorand Economic Dialogue Schmidt fell on finance, Wall Street's shadow linger over. The outcome of the five talks in three closely related with finance
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