America s financial tsunami is all about

Hang **v and replace it with pink, turning clouds and rain, and worrying even more.

caused by the crisis of subprime loans.

1. These loans are called subprime loans, which means that the lender's ability to repay the loan is insufficient and it is not a high-quality loan.

2. These loans are usually packaged in a variety of financial products.

3. When a large area of these loans cannot be repaid in time, the relevant financial enterprises will collapse, and a chain reaction will occur, causing a serious economic downturn.

Successive financial crises.

Tulip mania in 1637.

Earlier in 1637, when the tulips were still growing in the ground, they were hundreds, if not thousands, times larger. A tulip may be the sum of the monthly income of 20 skilled workers. This is known as the world's first bubble economic event.

1720 South Sea Foam.

In the 17th century, the English economy flourished, resulting in the accumulation of private capital and the expansion of social savings, but the corresponding lack of investment opportunities. At that time, it was still a privilege to have **. In 1720, the South Sea Company accepted installments from investors to buy new shares, which were in short supply, soaring to more than £1,000.

Later, the Anti-Financial Fraud and Speculation Law was passed, and the stock price of Nanhai Company plummeted, and the bubble of Nanhai burst.

The Great Panic of 1837.

In 1837, the economic panic in the United States caused a contraction in the banking sector, which had to be repeatedly postponed due to the lack of sufficient *** and the inability of the banks to pay the issued currency. The economic depression brought about by this panic lasted until 1843.

The banking crisis of 1907.

In October 1907, the U.S. banking crisis broke out, and about half of the bank loans in New York were invested in ** and bonds as collateral by trust and investment companies with high interest returns, and the entire financial market fell into a state of extreme speculation.

1929 ** Great Collapse.

From 1922 to 1929, the unprecedented prosperity and huge remuneration in the United States involved many Americans in the frenzied speculation on Wall Street, and the market heated up sharply, eventually leading to a stock market crash and triggering the global economic depression.

1970 stagflation.

In 1973, the supply shock caused by the oil crisis led to economic stagnation in the United States, which was accompanied by high inflation, unemployment, and recession.

Black Monday, 1987.

In 1987, deteriorating economic expectations and rising tensions in the Middle East led to the collapse of Wall Street. The S&P is down 20%**, the worst time in Wall Street's history.

The 1994 Mexican financial crisis.

From 1994 to 1995, Mexico experienced a financial crisis in which the peso exchange rate plummeted and the peso plummeted. Affected by it, not only Latin America, but also the European ** index, the Far East index and the world's ** index appear to varying degrees**.

The 1997 Southeast Asian financial crisis.

On July 2, 1997, Thailand announced the introduction of a floating exchange rate system, and on the same day, the exchange rate of the Thai baht against the US dollar fell by 17%, triggering a financial turmoil throughout Southeast Asia. As a result, the foreign exchange markets of many Southeast Asian countries and regions have been seriously traumatized, and the financial system and even the entire social economy have been severely traumatized.

The 2007 U.S. subprime mortgage crisis.

The "subprime mortgage crisis" originated from the "zero down payment" policy in the United States, and began to sweep the world's major financial markets such as the United States, the European Union, and Japan in August 2007. The subprime mortgage storm in the United States has set off wave after wave, the US financial system is crumbling, and the world economy is facing tremendous pressure, which is still a hot spot of international concern.

"Financial Tsunami: A New Opium War" tells the story: money (money) is power.

The Financial Tsunami: A New Opium War tells the story of the Federal Reserve, a private institution, seizing and controlling monetary power. Millions of people don't know that modern banks can create "money" through "credit", and they can also destroy "money".

But people don't need to study economics to know that the right money supply can lead to economic prosperity, and when money is out of order, economic disaster is bound to occur. Some of the defaults in the U.S. mortgage market have turned into a global financial tsunami – the power to create and destroy money, and we're talking about the world's top financial institutions: JPMorgan Chase, Citigroup, Lehman Brothers, Goldman Sachs, and Morgan Stanley.

But how did this power of money grow? How did the top private bankers strategize and call for help the United States achieve its great cause of "hegemony on the planet"? How did they abuse the power of money creation, and why did they launch this lawless "new financial revolution" that plunged the United States into an unprecedented crisis?

Each of the stories told here is a fact that economists trained in Anglo-American economics have always avoided. But if they don't point this out to the public, they are forgetting the ideal of their profession: they are in the service of the "wealth of the nation".

Kissinger once said, "If you control money, you control the world." The reverse is true of this statement, if you lose control of money, you must lose control of the world.

In 2009, the whole world is waiting to see. Will monetary power, financial hegemony, still be in the hands of Wall Street bankers? Is it the monetary power that controls the state, or does the state control the monetary power?

The Financial Tsunami: A New Opium War is the third installment in a trilogy of Oil Wars, Food Crises, and Financial Tsunami.