Song Hongbing’s “Currency Wars” – a review
A revolutionary book from China, where it became a bestseller and is hushed up in Europe for (un)known reasons
Did you know that the FED is actually a private bank and still has the right to issue dollars? Did you know that for over 200 years private bankers have been controlling inflation and deflation, causing crises and even determining world history? Or do you really believe that history is a chaotic process, a melting pot of coincidences, independent decisions by politicians, insane ideologies and carefully planned strategies? Consider the crises in South Korea (1997), Argentina (1998-2002), Greece (2009) and many others in modern world history. Who did the citizens of the affected countries blame for the crisis? Not only their government, but also the international bankers, for whom the governments of the countries affected by the crisis were only a springboard. Would you like to know how these bankers manage to be so powerful and control demand for money almost everywhere in the world and thus control societies? It’s not that complicated and you don’t have to know anything about the economy: just read “Currency Wars” by Song Hongbing.
It is not a novelty (already published in 2006), but it throws a whole new light on the issues that are tricky today: Currency wars and financial crises. Everyone is asking today: will the yuan strengthen and the dollar weaken? What about the euro? Lagard’s election of the head of the ECB has buried the hope for a stronger euro that was associated with the candidacy of Weidmann – a well-known hawk in financial policies. If she continues to weaken the euro in this way, will interest rates in the euro zone slide so low that pensioners and savers will slowly but surely lose their money? Probably. It’s time for “shearing sheep” as Song Hongbing calls such moments in history (crises, expropriations, etc.). We, the people, are these sheep.
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