The global economy is standing at a historic turning point. An era that is more open and freer than before has arrived. We need a currency that can represent all currencies and trade in the traditional sense.
World Union Savings is established for this.
Facing the camera of media reporters, Rocky made a speech.
World Union Savings.
Just by listening to the name, it is not difficult to guess what this organization does.
The originally peaceful weekend suddenly became uneasy because of this eye-catching news.
Especially in the international financial industry, with the news of the establishment of the World Federal Reserve, a magnitude 3 earthquake even surpassed the limelight of the completion of space elevators in South America.
The eyes from all over the world were the first to focus on the originally calm Manhattan Island.
Major media around the world also conducted detailed follow-up reports on this matter as soon as possible.
It is unclear what impact this will have on the global economy at this time, because few people simply think they can succeed.
Even if Wall Street tycoons collectively endorsed it, it is impossible.
Unified currency cannot be achieved in a simple sentence. There are too many political factors involved, and even if the power of the entire Wall Street is combined, it will not be possible.
Not to mention anything else, the new Fed, the boss behind the global economy, has not yet spoken.
Even if you want to establish World Union Savings, it should not be led by Boston No. 1 Bank. The qualifications of the Future Bank are so high that they don’t know where they go.
However, soon, the further development of things surprised everyone.
On the first Friday of the World Fed's announcement, the new Fed announced a cooperation with the World Fed on currency exchange...
China, Beijing, in an apartment within the Second Ring Road.
Just as New Year's Day was coming, the family rarely got together for a meal.
Today's news is being played on TV.
Boston First Bank, with more than 20 banks and investment banks including Chase and Citigroup, has established World Joint Savings and cooperated with central banks in various countries to issue unified currencies to strengthen free trade.
It is reported that the Federal Reserve and the new Federal Reserve are the first to cooperate with it.The central banks of more than 20 Pacific Rim countries including New Country, North America, Canada, etc. will join the unified Pacific Rim Rim currency system led by the World Federal Reserve.The State party will pursue a free trade policy that is more open than the WTO, using the "Shiyuan" as the settlement currency.
CCTV reporter, report for you.
This American is really dishonest and has made some new things.Looking at the ghost guy who was speaking in front of the reporter's microphone on TV, Wu Jianbin said with a smile.
I'm afraid the World Fed was not done by Americans.After glanced at the TV screen, Wu Changfeng smiled and said.
oh?
You see, the one who took the lead in the World Fed was Boston No. 1 Bank. Do you know the origin of this bank?
I remember it is a US-Swiss joint venture bank. Both Chase and Citigroup should be more famous than it.Wu Jianbin frowned.
Boston No. 1 Bank is a strategic partner of Future People Bank, and the Boston Consortium behind it is the emperor behind Wall Street now. You should understand if I say that, right?Wu Changfeng smiled.
What do you mean is that the World Fed is actually the Star Ring Trader who endorses the letter?Wu Jianbin's eyes lit up and he immediately reacted.
You should ask this question: Without Star Ring Trade to endorse it, just because of its No. 1 Bank in Boston, would you dare to play like this?Not to mention Boston, the whole Wall Street is probably not enough to watch.After pausing for a moment, Wu Changfeng smiled and continued, Jianbin Ah, you are a local business, I will give you some suggestions.
Haha, when did you care about business?Then I have to ask for advice.Wu Jianbin smiled and toasted him with a glass of wine.
Times are different. Don’t always focus on the domestic business and have a broader vision.
Are you saying that the land business is not good?This is impossible.Wu Jianbin shook his head and said with a smile, the total M2 volume has increased by 80 times in 25 years. The over-issued currencies have surpassed the total money supply of the United States and the EU, and the total economic volume is less than one-third. If it weren't for the suppression of our real estate, haha.
Wu Changfeng smiled and said nothing.
He has said everything he should say, and it doesn’t matter whether he believes it or not.
What's more, he really doesn't like the little business at home now.
It is natural to be unified.
Even outsiders in economics can see that unifying currency can help reduce transaction costs, reduce exchange rate fluctuations risks, promote trade, increase the competitiveness of trade zones, etc.
But in contrast, unified currency also has costs.
Taking the euro zone as an example, unifying currency causes a country to lose its independence in exchange rate and monetary policy, which means that macro-policy makers actively abandon monetary policy and only use fiscal policies to regulate the macroeconomic, greatly weakening macro-policy makers' ability to deal with asymmetric shocks.
Take Germany and Greece as examples. Both countries use the same currency and share the same interest rates.
However, compared with Greece, German industry is more developed, the labor force is more educated and has stronger productivity, and the cost of industrial finished products is lower.
Now that the European Central Bank has issued a loan to both countries at the same time, Germany can use its advanced industries and productivity to create wealth far greater than Greece through this capital, so capital and high-quality labor are coming.
Greece cannot generate such a large profit at all. It can only maintain its local economic state by issuing benefits and encourage people to consume, which ultimately led to the eurozone debt crisis.
However, it is undeniable that unified currency will greatly improve the competitiveness of the trade zone.
If the World Fed created by Wall Street is not enough to make people feel afraid, then the participation of more than a dozen Pacific Rim countries such as the New Country and the United States is enough to make other trade zones feel real panic.
It is absolutely true to use the word panic to describe it.
This will be a trade zone that is several times larger than the EU, and its trade efficiency and competitiveness will be unimaginable to other trade zones.
To this end, the Kremlin has held two temporary meetings in a row to discuss the World Federal Reserve and its possible impact on the Russian economy.
Pukin and the Russian Minister of Economic Development, who are on a diplomatic visit in Europe, ended their trip early and returned to the domestic support meeting.
On the other hand, the same is true for Beijing.
On the first weekend of the establishment of the WFC, the central bank held an interim working meeting to discuss the formulation of new monetary policies to deal with the possible impact of the establishment of the WFC.
Willingly or not, the establishment of the World Federal Reserve is affecting everyone's nerves...
World Union Savings is established for this.
Facing the camera of media reporters, Rocky made a speech.
World Union Savings.
Just by listening to the name, it is not difficult to guess what this organization does.
The originally peaceful weekend suddenly became uneasy because of this eye-catching news.
Especially in the international financial industry, with the news of the establishment of the World Federal Reserve, a magnitude 3 earthquake even surpassed the limelight of the completion of space elevators in South America.
The eyes from all over the world were the first to focus on the originally calm Manhattan Island.
Major media around the world also conducted detailed follow-up reports on this matter as soon as possible.
It is unclear what impact this will have on the global economy at this time, because few people simply think they can succeed.
Even if Wall Street tycoons collectively endorsed it, it is impossible.
Unified currency cannot be achieved in a simple sentence. There are too many political factors involved, and even if the power of the entire Wall Street is combined, it will not be possible.
Not to mention anything else, the new Fed, the boss behind the global economy, has not yet spoken.
Even if you want to establish World Union Savings, it should not be led by Boston No. 1 Bank. The qualifications of the Future Bank are so high that they don’t know where they go.
However, soon, the further development of things surprised everyone.
On the first Friday of the World Fed's announcement, the new Fed announced a cooperation with the World Fed on currency exchange...
China, Beijing, in an apartment within the Second Ring Road.
Just as New Year's Day was coming, the family rarely got together for a meal.
Today's news is being played on TV.
Boston First Bank, with more than 20 banks and investment banks including Chase and Citigroup, has established World Joint Savings and cooperated with central banks in various countries to issue unified currencies to strengthen free trade.
It is reported that the Federal Reserve and the new Federal Reserve are the first to cooperate with it.The central banks of more than 20 Pacific Rim countries including New Country, North America, Canada, etc. will join the unified Pacific Rim Rim currency system led by the World Federal Reserve.The State party will pursue a free trade policy that is more open than the WTO, using the "Shiyuan" as the settlement currency.
CCTV reporter, report for you.
This American is really dishonest and has made some new things.Looking at the ghost guy who was speaking in front of the reporter's microphone on TV, Wu Jianbin said with a smile.
I'm afraid the World Fed was not done by Americans.After glanced at the TV screen, Wu Changfeng smiled and said.
oh?
You see, the one who took the lead in the World Fed was Boston No. 1 Bank. Do you know the origin of this bank?
I remember it is a US-Swiss joint venture bank. Both Chase and Citigroup should be more famous than it.Wu Jianbin frowned.
Boston No. 1 Bank is a strategic partner of Future People Bank, and the Boston Consortium behind it is the emperor behind Wall Street now. You should understand if I say that, right?Wu Changfeng smiled.
What do you mean is that the World Fed is actually the Star Ring Trader who endorses the letter?Wu Jianbin's eyes lit up and he immediately reacted.
You should ask this question: Without Star Ring Trade to endorse it, just because of its No. 1 Bank in Boston, would you dare to play like this?Not to mention Boston, the whole Wall Street is probably not enough to watch.After pausing for a moment, Wu Changfeng smiled and continued, Jianbin Ah, you are a local business, I will give you some suggestions.
Haha, when did you care about business?Then I have to ask for advice.Wu Jianbin smiled and toasted him with a glass of wine.
Times are different. Don’t always focus on the domestic business and have a broader vision.
Are you saying that the land business is not good?This is impossible.Wu Jianbin shook his head and said with a smile, the total M2 volume has increased by 80 times in 25 years. The over-issued currencies have surpassed the total money supply of the United States and the EU, and the total economic volume is less than one-third. If it weren't for the suppression of our real estate, haha.
Wu Changfeng smiled and said nothing.
He has said everything he should say, and it doesn’t matter whether he believes it or not.
What's more, he really doesn't like the little business at home now.
It is natural to be unified.
Even outsiders in economics can see that unifying currency can help reduce transaction costs, reduce exchange rate fluctuations risks, promote trade, increase the competitiveness of trade zones, etc.
But in contrast, unified currency also has costs.
Taking the euro zone as an example, unifying currency causes a country to lose its independence in exchange rate and monetary policy, which means that macro-policy makers actively abandon monetary policy and only use fiscal policies to regulate the macroeconomic, greatly weakening macro-policy makers' ability to deal with asymmetric shocks.
Take Germany and Greece as examples. Both countries use the same currency and share the same interest rates.
However, compared with Greece, German industry is more developed, the labor force is more educated and has stronger productivity, and the cost of industrial finished products is lower.
Now that the European Central Bank has issued a loan to both countries at the same time, Germany can use its advanced industries and productivity to create wealth far greater than Greece through this capital, so capital and high-quality labor are coming.
Greece cannot generate such a large profit at all. It can only maintain its local economic state by issuing benefits and encourage people to consume, which ultimately led to the eurozone debt crisis.
However, it is undeniable that unified currency will greatly improve the competitiveness of the trade zone.
If the World Fed created by Wall Street is not enough to make people feel afraid, then the participation of more than a dozen Pacific Rim countries such as the New Country and the United States is enough to make other trade zones feel real panic.
It is absolutely true to use the word panic to describe it.
This will be a trade zone that is several times larger than the EU, and its trade efficiency and competitiveness will be unimaginable to other trade zones.
To this end, the Kremlin has held two temporary meetings in a row to discuss the World Federal Reserve and its possible impact on the Russian economy.
Pukin and the Russian Minister of Economic Development, who are on a diplomatic visit in Europe, ended their trip early and returned to the domestic support meeting.
On the other hand, the same is true for Beijing.
On the first weekend of the establishment of the WFC, the central bank held an interim working meeting to discuss the formulation of new monetary policies to deal with the possible impact of the establishment of the WFC.
Willingly or not, the establishment of the World Federal Reserve is affecting everyone's nerves...
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