With a debt of 7.2 trillion, the Sino-US currency war has begun. Yellen made a mistake in response, and China shipped grain in batches

The Federal Reserve has long been insolvent, but Washington still wants to fight a currency war with China. Yellen threatened to sanction China. Is this a bluff? Before this, China had already shipped back gold and grain in batches in advance. Does this mean that there will be big moves?

The Federal Reserve's balance sheet in May this year showed that the Federal Reserve's total debt was about 7.2 trillion US dollars. Although it has decreased, it is still a heavy burden! It is worth noting that although the US government is under great debt pressure, the Federal Reserve still does not cut interest rates and is still maintaining a high interest rate environment. From the perspective of domestic factors in the United States, this is to continue to suppress "stubborn" inflation, but from the perspective of external factors, the Federal Reserve's maintenance of high interest rates is a negative factor for the economies of all countries. This will continue to lead to an overcooling of the global economy, hit the exchange rates of various countries, and increase the risk of debt defaults in some developing countries. We do not rule out that the United States is engaged in a currency war. For the vast majority of developing countries, including China, the test brought by the Federal Reserve's high interest rate policy has not yet ended. In the face of the ever-changing international environment, China has made some special preparations.

No matter how the international situation changes, China has the confidence to maintain its economic stability. We must have sufficient confidence in this.

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