Chapter 410 The Dollar Depreciates
Chapter 410 The Dollar Depreciates
Ever since, many large gold reserve banks around the world are very troubled when encountering this situation! After all, all banks on the earth are basically based on the gold standard. Many banks store gold, large and small, for their own currency preservation. This is also an open secret, the more gold a bank (country) stores. The higher the public's trust in its currency.
Take the United States as an example. As we all know, the U.S. dollars issued by the United States have long exceeded their gold reserves.
At the beginning, in order to break the real gold standard currency market, US imperialism. So use arms, fire and oil as bundled sales, let the whole world accept the US dollar as the common currency!
Because of this, the US imperialists can spend large quantities of European currency without restraint.
Over the years, when the United States suffered from a large-scale financial crisis, the first thing it did was to devalue its currency. Marry your crisis to the world!
The whole world knows that the U.S. imperialism is a shameless act, but other countries have nothing to do with it, because the U.S. dollar is a hard currency in the international market, and some countries with huge reserves of U.S. dollars are forced to depreciate in order to protect their wealth. Buy U.S. Treasury bonds in small quantities to support the value of the U.S. dollar.
But it's different now, 2 trillion gold has poured into the market in less than a year, and finally has a currency impact on the US emperor! It has also affected many parts of the world.
The first reason is that a large amount of gold is pouring into the market. It caused the price of gold to plummet, and it fell to a terrible level.
Second, in the past year or so, the stock markets of many American companies have experienced turmoil.
For example, a dozen very strong semiconductor companies (Qualcomm as an example), as well as Ford Motor Company, General Motors, and DaimlerChrysler, whose stock markets have collectively plummeted in the past month.
In fact, it is not just the American auto companies, but the top ten auto companies in the world are all targeted by BYD Auto. Because of the big sales of new energy vehicles, your sales of traditional cars have dropped sharply, which has caused a short-term stock market crash!
In this way, many causes and effects have accumulated together, and finally have an impact on the currency of the US imperialists. This impact is not big or small.
Anyway, today, the dollar depreciated!
That's right, it's devalued!
As the hard currency of the world, the dollar has depreciated, which really makes people all over the world happy.
It also surprised many people!
The culprit is of course the Galaxy Technology Company.
US Emperor Daily: This morning, the US dollar depreciated. The exchange rate fell to 5.7143 from 6.7157. This is not good news for us US emperors. Because, many currencies in the world have appreciated!
Don't underestimate the exchange rate reduction of more than 1.0, this is already a big deal, right? !
Anyway, the impact on the US emperor has been great!
In the past, one dollar could be exchanged for 6.7 yuan, but now one dollar can only be exchanged for 5.7 yuan!
The US imperialism hurts, banks in many regions in Europe and the United States are very painful!
Many speculators who have invested in the gold industry are also very distressed.
Anyway, anything related to the gold industry is very painful now!
There are even many bosses who play gold investment and have already jumped off the building!
Many retail investors also jumped off the building.
This morning, when Xiao Jun got up and saw the news, he was also very surprised. I didn't expect that I would depreciate the dollar by myself.
He feels that he is so great, and he should make persistent efforts!
"One day, I will trade the U.S. dollar at a 1:1 exchange rate with Ruanmeibi. No, it should be cool to trade the U.S. dollar at a currency level similar to the Japanese yen." Xiao Jun looked in the mirror, and he felt that today Very handsome!
I just finished breakfast and came to the company. A secret call came in.
"Xiao Jun, you can do it, the dollar has depreciated!" Wu Yiping's voice came from the phone.
"Ahem...then what, so many companies in the United States are not up to date, and they are suppressed by me." Xiao Jun touched his nose. For example, Qualcomm went bankrupt, and dozens of companies such as Intel, IMB, Broadcom, AMD, Apple, Micron, etc. were all suppressed by him. The stock markets of these companies have experienced fluctuations and declines of varying sizes.
"Isn't it the influx of your 2 trillion gold?" Wu Yiping curled his lips.
"Ahaha...it should be! It only depreciated by more than 1 dollar, which is too little, and it didn't meet my expectations." Xiao Jun laughed.
"Hahaha... you kid is enough. In the past few decades, who can make a company like this? You are a scorpion shit, you are the only one!" Wu Yiping said angrily.
"The depreciation of the US dollar is good for our soft sister currency. But there are also disadvantages. We have also stored a lot of gold, and we have also been implicated. It should be implicated all over the world!" Wu Yiping said seriously.
"So, now I come to you because I have something important to tell you. After discussing with the higher-ups, I suggest that you stop allowing new gold to flow into the market. This is not good for anyone. Also, you are earning money now If you have spent more than 2 trillion gold, you should have earned enough. Not only us, but representatives from Europe and the United States will definitely talk to you at that time. At that time, they will definitely join hands to ask you not to let gold flow into the market!" Wu Yiping spoke earnestly.
This kind of thing is unavoidable!
"I know that." Xiao Jun nodded. He knew that this day would come back sooner or later, but he didn't expect it to be so soon!
However, now is not the time to tear your skin apart!
He is not fully prepared for many things.
So, a concession to this step!
Unless he wants to become a global public enemy!
However, he will also disgust the other party at that time!
I've made trillions of dollars, and I've made you look like shit, and I don't forget to disgust you, I think it's cool to think about it!
"What are you going to do?" Wu Yiping asked seriously.
"Of course we won't let gold flow into the market anymore." Xiao Jun curled his lips.
"That's good!" After Wu Yiping finished speaking, he chatted about other things and hung up the phone.
The news of the depreciation of the US dollar spread all over the world in one day!
The Galaxy Group has also become very famous.
Because the sudden influx of 2 trillion gold depreciated the dollar, the operation was as fierce as a tiger.
European Financial News: Facts have proved that the space mining industry is a super rich industry. Galaxy Minerals Co., Ltd. spent more than half a year mining in space, and made more than 3 trillion yuan, which is simply terrifying!
Among them, gold is worth more than 2 trillion yuan!
The Galaxy Group depreciated the U.S. dollar at once. It was really a financial event that shocked the world in the past 20 years!