Chapter 86 guide

In today's world, the smoke of the currency war has not dissipated, and the sound of war drums in the distance is far from stopping.In the future, as the "debt cancer" in the United States spreads, the "dragon body" of the "Son of Zhou" of the US dollar will gradually decline, and an era of "Spring and Autumn and Warring States" will follow.Currency wars will become a normal state of the world economy. The renminbi’s dilemma lies in the fact that foreign exchange has basically “dollarized” the renminbi.The core of issues such as the exchange rate crisis and foreign exchange reserves lies in the deviation of the positioning of the RMB as a currency standard.The highest purpose of RMB is to serve the people, which requires major innovations in the issuance of RMB, and "generalized price standard" will be an alternative choice.In the case of the depreciation of the dollar, the way of foreign exchange reserves also needs to make corresponding adjustments.

If the renminbi wants to stand out from the encirclement and implement the internationalization strategy, it should carry out the overall layout under the strategy of high financial frontier.The internationalization of the renminbi is not as simple as releasing the currency overseas. Wherever the renminbi appears, there is where the national interest lies, and where the currency authority supervises is the new frontier.The prerequisites for the RMB to go abroad are: it can be released, it can be recovered, it can be seen, and it can be managed. Currency standard, central bank, financial network, trading market, financial institutions and clearing centers together constitute the strategic system of the financial high frontier.The main purpose of establishing this system is to ensure the mobilization strength and efficiency of money to resources.From the source of currency created by the central bank to the customer terminal that finally accepts the currency; from the dense network of currency flow to the clearing center of settlement; from the trading market of financial bills to the rating system of credit evaluation; from the soft financial legal system From supervision to rigid financial infrastructure; from huge financial institutions to efficient industry associations; from complex financial products to simple investment and wealth management, the high financial frontier protects the currency blood from the heart of the central bank to financial capillaries and even A complete and efficient circulatory system of economical cells throughout the body.