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1.11.2009

I believe the west can devalue currency frame China collectively

Homepage of " The Wall Street Journal " has stepped on one <>Article.

The article understand, might utilize collective devalue for western countries currency come on, attack China, author or having meaning in this respect, but obviously enlarged, publish on " The Wall Street Journal ", have, turn head, advise China sell, take the lead in, devalue RMB prevent western collective from come as a hard blow at meaning actively at once, otherwise

Wen Zhong says:

Gram has suggested, U.S.A. may pass " weak tendency U.S. dollar " in the south of the uncle, president of American Federal Reserve Committee The policy comes to propose and shake U.S.A.'s economy. In fact, just as chief of Chinese Academy of Social Sciences Ins of World Ecoy & Pol my Yongding said, "the essence of the policy at present of American Federal Reserve Committee is to print the bank note If U.S.A. and Europe hard currency issue to beg behavior consolidate process of unfreezing and start money press country, purchase a very large portion of the loan certificate of mortgage even corporate bond, thus lead to the fact the supply of the hard currency overflows, if China wants to exempt from the calamity of the pool fish and keep the right to speak in the financial system in the world, I'm afraid that has only started the money press and supplemented RMB to the financial system too.

Also say:

U.S. dollar, European dollar, this world, two major currency is recent by turns is that two major economies in U.S.A., Europe are relieving the pressure of exporting by turns if the ups and downs are real, if China can utilize this kind of U.S. dollar, European dollar effectively this disappear he rise article, let RMB at any time with weak party ' Reality is a stronger party politically under the present situation) Currency keep it link,can try for oneself to the maximum extent it for currency devaluation space.

RMB, appreciate and devalue well well, it is the topics of more than ten years of a piece of dispute, never had conclusion, even in a certain stage, opinions vary first and inner feeling either.

I think problem of devaluing is a snare if this appreciates, attempt to pull imports and exports in exchange rate of control by force, just the method of a short, adaptable, fast, always helpless to the final settlement such as the like this serious financial crisis to now, i.e. can make the advantage within some and stage by perhaps the tactics means in front of a war really regarded as the campaign, but may have no function at all to even run counter to desire sometimes on the overall situation, Lin Biao can leave to lie in he tactics past master but strategic idiot secretly really supreme commander on Mao Zedong after being the most; Confirm get this, one relatively stable having qualitative exchange rate policy (no ossified certainly) It is the base that China's economy can insist on finally.

Keep calm exchange rate another of policy to don't might launch the exchange rate offensive by western countries to China so as to the form devaluing collectively at all relatively Prerequisite or main prerequisite, certainly like this and dangerous and possibility exist - -And even if the demand that the main orientation is inherent that China also should make the adjustment of great movements in RMB appreciated or devalued, but not external pressure.

Can't affirm, the comment of issuing such content of " The Wall Street Journal " is a conspiracy or overt scheme, but mode of thinking problematic at least, such a question exist (Gang Liu domestic in Mr. on domestic a lot of people head too certainly, I do not know) .

Moreover to tell the truth, I believe western countries can take " devalue currency collectively " still more until today To attack China, because the prerequisite of this movement is China and intensification of contradictions of western countries at first, but under global financial crisis thump, market and finance that globalize that globalize cut, it succeeds to be relatively broken interests body one by one stick already, especially the cut of Europe and Wall Street, the money that U.S.A. can not let oneself rescue the city easily flows to Europe easily, Europe is the same too, under such a scattered state, China and the western countries are not more and more the only opposite both sides again, it is like a bunch of locusts that are fastening on a rope even more, saying will have western countries' currency to devalue and happen collectively, it is Arabian Nights.

It will be better if grandfather Mao is alive, he will say at this moment: Imperialism and all reactionaries are paper tigers.

Certainly, may it happens to be should in the article said too in theory:

A with great disaster hanging over one one present in the whole world, U.S.A., Europe, Japan hard currency the issue country sure none to be unwilling to die oneself, save others from damage, result its can only whether currency of everybody devalue by turns, equal who devalue, the ones that die and check have no developing country that issue right of hard currency finally.

A such one most important prerequisite taken place to devalue whether western economy have first most rule old brother that forces arrange too in good order actually, even U.S.A. can not act as this eldest now, if Americans can act as the eldest, financial crisis appear just, echelon rescue city realize for a long time, unlikely the west all country and China, Russia emerging nation involve, come in one by one like this, that is to say, the greatest situation should be that the leading right of the finance in the west and the world of U.S.A. is weakened undoubtedly greatly after this financial crisis, if these western countries really enter in swirl of devaluing by turns voluntarily, they out of control to can follow too in financial system, China certain " framed " at that time certainly ,But it is themselves to injure the deeper one, the deflation out of hand is terrible as inflation out of hand, moreover, there is no Zhou Yu in the values of the Western countries, overlay the ruse of self-injury yellowly in order to earn Cao Cao's struggle philosophy.

So, once that day - -The monetary wheel of the western countries is turned over and devalued, must not be that they are launching the monetary war to China, but the beginning collapsing oneself.

Grandson until " whether art of war attack with fire one " " Fight carefully " Say that is thought:

Only if the profit is not moved, must not need, does not fight without endangering. Can't with angry in order to revitalize teacher mainly, can't with angry causing, fighting, shut on profit and move, do not conform to but the end the profit.

It is not the profit that is not moved - -The so-called one " The west devalue collectively " ,If can really accomplish " The collective " Take action, it certainly may be favorable, but this " collective " The motive force of taking action is that every country can obey, but let every country obey, let pound sterling, European dollar and U.S. dollar be obeyed like one " The profit " Where? Attack RMB? Too indirect and out of reach for each country, the immediate interest each has every condition; In fact, under the blow of the financial crisis, the possibility that the western economy is becoming the mess is higher than " the collective " Possibility to take action. And the exchange rate of China is prior to " The west devalue collectively " Make big adjustment before this, itself is on the prerequisite based on that this is not basically established, this prerequisite can't impel China to adjust the exchange rate, and will watch China's economic one's own need at least.

Must not use - -If there is no assurance of winning, had better give up launching a war - -It is the same too to devalue, financial tsunami lets the western financial system taking U.S.A. as control centre move towards destroying or even crash irretrievably step by step, use, launch, devalue to China means of the war achieve the goal of saving oneself only, everyone knows it is an idea which cannot be realized at all that this is pure; Moreover globalization lets western countries and China already become interests and close the side on market and finance leisurely, this American own view, especially to hold a large number of American China and speech of national debt the most, China does not hope U.S.A. is too fast and finished, U.S.A. will not hope either nobody checks in one's own national debt; And who can say it must be that China fail after the competition of true currency devaluation begins, too much fictitious value is the next largest stock of the crisis of its before pinching off dry in the economy of the western countries, really demote, unimaginable.

Do not fight without endangering - -The prerequisite fetched by means of extreme is facing extremely dangerously, and only choose the means, the monetary exchange rate of the western countries is different from China, the so-called " free " Too, marketization inclines to be more very grave, the quickest method is to print more bank notes if want to devalue, do a piece of self- inflation of its at first, and then let out the crisis to pass to China, who can help the western countries belonged to " The collective " Do such a committing suicide type ball? Besides, the financial crisis intensity that several western countries face now is relatively different, everybody wants to escape and escape, who will acknowledge that must adopt the extreme means for getting rid of the dangerous condition extremely after already reaching that kind now? Enclose the inside in western economy, a this exists too to subdue his long realistic problem that rises one after another, everybody does not do business only with one China, but do business each other, this attempts to break the already balanced one first, always face two kinds of results, one is as one kind hero works as a martyr, will not escape from this reason either on the national financial relation.

In fact, I disagree with " the west can devalue currency frame China collectively " just This kind of statement, does not say the western countries devalue will not damage China.

China will do now, the inherent rationality of people's livelihood stability and economic recovery that the most important thing is to put forth strength and study to make, Premier Wen Jiabao says: "Our Chinese goal, is in this financial crisis, should recover and revitalize first. We must have this faith and resolution! " And I think, want, achieve the purpose, China want do a important one still two things most:

One, just as the Premier says in a talk, expand domestic demand and promote the economic growth, implement the positive financial policy and loose monetary policy, promote the development of economy by extensive financial input. It is long to the related degree of big, industry chains, to the far-reaching key industry of national economy, make changing and revitalize and plan. Third, plan to put the scientific and technical medium-term and long-term plans made originally into 600 billion, got in touch with the economic development at present closely in the middle, wanted even faster development and went on ahead of time in 6 great projects, as science and technology support.

The second thing, or just adjust next so-called " recover and revitalize " Index,it for example not want competences prosperous to weigh country slowly quickly the levels all kinds oves of system by GDP, want, merge, enter new country struggle, more people's livelihood index and more social legal system democratization index, plan and realize more steady and more rational social security system,etc. in step during the process of recovering.

As to this, the ancient has said too: The sex is fixed knowingly since far.

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