There is no english version of this book. Language:Chinese,polish,Japan,French ,Viatnamese,Koriean You can Read it by translating in Look For In. Currency Wars written by a Chinese economist Song Hongbing. could be possible to get this Sang Hong Bing (Currency War) the English. In “Currency Wars 2”, Song Hongbing claims a shadowy global elite will introduce a single world currency around , tossing the dollar into.
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Image of author Source: He believes economics is only part of the political game rather than a theory or science. Money, trade and the relationship of finance curreny trade have been neglected for thousands of years in China. What drove you to write the Currency War Series?
I have lived in the U.
S for 14 years and spent over 20 years in China. If China wants to become a world power like the U. The main competition between the two countries will be the economy and finance, instead of the traditional military or war.
The longer I reflected, the more I realized that the financial power of the US has been underestimated by most people. All of my books try to explain the history and development of the world from the perspective of currency and finance.
Chinese people are not very concerned about money, and we have been neglecting money, trade and the influence of finance on trade for thousands of years. Since the s, there have been few opportunities for Chinese to gain experience in finance. There is no systematic research on the competition of currencies and money in China. Only monetary theories or economics are studied. China has neglected the importance of finance as a tool, a measure and a weapon, which could be vital for her development, economy and national security in the future.
Therefore, my central point in all four books is actually the influence that money has on the fate of a country and the world. Based on a recent survey that I did at ETH Zurich Universitywe analyzed the equity structure of 37 million transnational enterprises and found that of the biggest financial institutes exercise control over 37 million enterprises.
Furthermore, there are 20 or 30 big holding groups behind these institutions. This shows how the minority financial holding companies at the top of the pyramid are actually controlling most of the transnational groups in basic materials and energy.
The survey has proved my hypothesis in the book Currency War II. Why did they disappear, you may ask? Is it because of war? Keep in mind, however, there has been no war on U.
Books by Song Hongbing
I have the sense that at that time the major and vital enterprises in the world were still controlled by a minority of families. Large banks and enterprises are actually very centralized. Many big financial sont set up funds and donated their fortunes, especially after What they want is the control instead dnglish the ownership.
The world is really messy now. According to curdency current situation, the U. Comparatively, China is not yet at the same level. The competition for leadership of the ccurrency economy therefore is mainly between the US and Europe. Your answer is very different from others. Can you explain why? In my opinion, China is still very fragile, not only in an economic sense, but in general too.
How can we say we are a world power if the energy and materials are not domestically sufficient and trade is mainly dependent on the foreign market. For a real rising power, its domestic economy should be much bigger than its dependence on the foreign market, as shown in the rise of America. In other words, the U. In your supposed era of warring states, does China have a decisive role?
The Chinese economy is dependent on exports, which ehglish the currency will flow back when goods are exported. Japan and Germany both tried the internationalization of deutschmarks and wwrs. This could serve as a lesson for China. In my opinion, the answer is to replace the dollar. However, is it possible to guarantee an efficient supervision of yuan trading abroad now?
The more yuan that flow abroad, the more dangerous it will be.
The same applies when pricing ehglish yuan. As there are many financial derivatives abroad, the number of the deals there may exceed those in Beijing. In this case, China may lose the pricing right. This is precisely why I look into the past.
Looking back, we can observe how the pound and dollar rose. When comparing the domestic market in the U. It would be better to promote an Asian currency and benefit from the indirect internationalization of yuan.
However, there are also problems, such as how Asia should be integrated. Do you mean binding all of Asia? Actually Chinese people seldom think about why the Asian economy is still distracted and contained by the U. They also rarely consider why all Asian cirrency turn to the Hongbung. The root of the problems of Asian countries is not the misunderstandings and historical obstacles. Compared with those secondary problems, the major factor is external – the fact that the U.
Books by Song Hongbing (Author of Currency Wars 1)
If Asia is integrated as an interest community, the U. This is why I wrote the reconciliation of Hongbkng and France in the book. The two countries were at war with each other, as France took the Ruhr and Saar areas from Germany after World War Two and Germany found their development was limited by France after the war.
The potential war in the s between the two countries was later eliminated by the joint of their steel industries. The union is super-sovereign and open, welcoming other countries to join in as well. This is ckrrency origin of the European Communities and the European Union. If Asian countries have conflicts over the east and south sea, why don’t we take the example and hongbin the oil sources there with a super-sovereign union, which can bind englishh interests of China, Japan and Korea together.
By then, none of these countries would start a war and a new united Asia market will also be created. When an Asian currency can finally be promoted, the influence of the U. Your thinking is typically American. After living in the U. Nationalism in China is too irrational. However, if we cooperate with Japan cuerency unite the Asian countries to make an organization of mutual interest, China will benefit the most.
As the saying goes, even beggars need to watch their back when they’re beating dogs, how could China stand against Europe and the Hongbinng without the Asian back-up? China should compete with Europe and the U. Even if we could maintain a good relationship with Europe and the US, how can we expect them to help us sincerely when everyone is competing with each other to be the leader of the world?
We should turn to our Asian neighbors for help by changing our mentality about becoming world leader. China should integrate the Asian powers into a mutual market and currency. Germany gave up their domestic market and deutschmarks, but gained the whole European market and control of the Euro.
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