[Editor's Note] Recently, Associate Professor Feng Pengcheng of w88 casino was interviewed by China Gold News to express his views on the value of gold. The original report is as follows.
The value of w88 slot is indelible
(Source: "China w88 slot News" Date:2013Year7month2日）
4Since last month, the continuous plummeting price of w88 slot has revived the theory that w88 slot is useless. in6month28Held on Sunday2013At the Pujiang Night Forum of the Lujiazui Forum in 2017, Chen Zhiwu, a professor of financial economics at Yale University, publicized his remarks about the worthlessness of w88 slot. This not only aroused strong rebuttals from the guests present, but also triggered thinking and discussion about the value of w88 slot in the entire society, including the w88 slot industry.
The monetary meaning always exists
If the price falls, does the value of w88 slot cease to exist? Professor Zhang Zhixiang, former executive director of the International Monetary Fund and former director of the International Department of the People's Bank of China, told the China w88 slot News reporter that judging from the history of w88 slot price fluctuations, although the fluctuations are large, the significance of w88 slot's metal commodity attributes and monetary and financial attributes has remained unchanged in principle. What changes is only the extent of its specific significance.
The impact of the heightened market expectations of the Federal Reserve's withdrawal from its quantitative easing policy and the expectation of an increase in U.S. dollar interest rates caused a large amount of capital to flow out of the w88 slot market, and the w88 slot price encountered Waterloo. In Zhang Zhixiang's view, this does not mean that w88 slot has lost its value, but that its financial demand as a store of value has declined. He believes that as a scarce mineral resource, w88 slot's industrial demand and decorative demand are rigid, and its use value is still strong. At the same time, its monetary significance is always present.
In recent years, it has become an indisputable fact that the United States, the European Union, Japan and many emerging countries have implemented rounds of loose monetary policies, competing to "inject" currencies. Fu Peng, chief consultant of Galaxy Futures Co., Ltd., said that the world faces huge currency risks and currency wars may break out at any time. In this process, the w88 slot in foreign exchange reserves is a firewall against currency risks, and w88 slot is indispensable.
"w88 slot is the stabilizer of the monetary system. At any time, the w88 slot reserves of central banks of various countries are actually used to defend against extreme currency risks to a large extent." Fu Peng said.
Mentioning the re-publicity of the "w88 slot is useless" theory,Professor Feng Pengcheng, Director of the China Capital Operation Research Center at the w88 casinoVery funny. He said that regardless of the price of w88 slot5000Although w88 slot has lost its currency function in human civilization, as a scarce and difficult-to-mine mineral, w88 slot itself also has important value.
Feng Pengchengbelieves that with the advent of the information age, especially the popularization of the Internet, under new economic conditions, new payment methods such as Alipay have caused the monetary function of w88 slot to be reduced and its importance to be reduced, but at least for some time in the future, we cannot see signs of w88 slot completely losing its monetary function.
The process of RMB internationalization is also inseparable from w88 slot
"Although the importance of w88 slot is declining, all mankind has not been able to find any trustworthy item to replace it."Feng Pengchengsaid that even though the U.S. dollar has become an international currency, the United States still holds a large amount of w88 slot reserves and is reluctant to abandon them. If China does not have a large number of w88 slot reserves to support it, it is impossible to internationalize the RMB and replace the US dollar.
"After the collapse of the Bretton Woods system, the U.S. dollar and w88 slot were decoupled, and the issuance of U.S. dollars was not effectively supervised. Maybe one day people around the world will no longer recognize the U.S. dollar, and then the U.S. dollar is just a piece of waste paper. But w88 slot is different. Even if you look down on w88 slot, w88 slot, as an extremely scarce mineral resource, is difficult to mine, and its value cannot be underestimated."Feng PengchengSay.
"The proportion of w88 slot in China's foreign exchange reserves is still very small, so it is necessary to consider buying w88 slot." Zhang Zhixiang said, last century70Era to90In the 1990s, the "w88 slot is useless" theory once made a noise, and the value of w88 slot was artificially devalued. Unlike other European countries, the smart Germans did not abandon their w88 slot reserves. Today, w88 slot still accounts for a high share of the foreign exchange reserves of the United States, the European Union and other countries, and has not been abandoned. As the world's second largest economy, China's huge international balance of payments funds require a certain amount of w88 slot to maintain economic flexibility. At the same time, the process of RMB internationalization is also inseparable from w88 slot. (Reporter Zhang Weichao)
Attachment: Original report link
http://www.w88 slotorg.cn/detail_26_1774.aspx
