Bitcoin Astrology
Publish: 2021-05-23 05:06:20
1. It can't be simply attributed to the exchange. Sometimes there are sudden short-term fluctuations, and the exchange does participate. But the main topic is about the monthly time span, which is difficult for the exchange to control. It is more the result of the joint operation of hot money and large institutions. However, the sharp decline of the overall currency value can't be separated from the basic economic principle: the relationship between supply and demand, This is beyond anyone's control
2. Miner is composed of high-end graphics card, a miner to use a lot of high-end graphics card composition. There are a lot of loaders, so the price of graphics card will rise naturally. It's all taken to the loader.
3. After putting aside the policy of pegging to the US dollar, monetary policy is almost ineffective without solving the most important problem of currency issuance mechanism. If you get one dollar, you can issue the corresponding RMB. This system itself does not meet the requirements of sustainable development. China's monetary policy should not be aestheticism, but should combine the general principles of Marxism with the concrete practice of China's reform. With our own currency issuing mechanism, the reform of RMB exchange rate will come naturally and naturally, which is an absolute guarantee for long-term and healthy economic development
I believe that the general idea of making the economy develop well and rapidly is the inevitable choice to implement the scientific outlook on development put forward by General Secretary Hu Jintao. In view of the fluctuations in the process of economic development, some scholars propose that we can iron out the economic cycle by implementing the corresponding monetary policy in advance. It would be great if such an idea could be implemented. Unfortunately, monetary policy is not always as effective as the figures in textbooks. When the monetary policy proposed by scholars does not achieve the expected effect, they always put forward that the implementation of monetary policy needs to be strengthened and observed for a period of time; When there is no way to explain, scholars will say that this is e to the irrational factors of the market
put aside my differences with economists for the time being. I remember that my grandfather Zhou Gucheng once said to me that if you can't understand what your teacher said in class, it only means that he didn't understand it thoroughly. I think my grandfather is right. When I listen to the old professors who have won the Nobel Prize in economics, I feel that finance is very clear and even very happy. They are telling novel and interesting stories, graally leading students into a new way of thinking, suddenly enlightened, as if into the kingdom of freedom. Based on this, I speculate that some domestic economists may not really understand what they have said, they are just predicting the future with the feeling created by books. However, monetary policy is neither an astrology nor a reflection of some scholars. It should be a practical operation around the operation of domestic economy
if we classify the monetary policies of the major countries in the world, the monetary policy bases of the European Union, the United States and Japan are completely different, and the effect of the interest rate increase policy is naturally very different. The European Union has stipulated the method and standard of money supply in the form of common treaty, and the famous one is the "troika" theory. If the economic growth rate, employment rate and inflation rate are within the preset range, they will provide liquidity to the market. If they are higher than the preset range, they will implement tightening policies to rece the amount of money; If it is lower than the preset range, the expansion policy will be implemented to increase the money supply
the situation in the United States is quite special. I think the Federal Reserve is not a money issuing institution, and the right to issue money in the United States is in the capital market. If a company's share price rises sharply, the United States will correspondingly put in virtual dollars to show the added value of this part. Therefore, the more developed the U.S. capital market is, the larger the scale of its currency issuance is. There seems to be some truth in their ideas. For example, ExxonMobil has discovered a new oil field with reserves of 100 billion barrels. The stock price of ExxonMobil immediately rises, and the market value correspondingly increases by $50 billion, which is equivalent to an increase of $50 billion in the wealth of investors. If someone wants to cash in the profits, as long as the investors in the market generally agree with the new valuation of ExxonMobil, Someone will be willing to provide the investor with sufficient liquidity to make it cash. In the process, the Federal Reserve did not release money, and the U.S. Treasury did not print more dollars. So if the U.S. capital market makes a mistake in pricing an asset, the economy will suffer. In 2001, the wrong pricing of technology stocks by Nasdaq led to economic recession and inflation. Today's subprime debt is the same problem. The market's wrong valuation of borrowers' repayment ability and the value of real estate leads to the market's original issued currency showing the non-existent value wrongly
another is the mechanism of issuing currency with exchange rate represented by Japan. Japan basically implements the monetary policy of pegging to the US dollar for a certain period of time. Every time it receives a US dollar, it issues 100 yen. The effect of this policy is very stable in the short term, but in the long term, it leads to the accumulation of huge foreign exchange reserves in China. China and Japan have similar currency issuing mechanisms. China has implemented the exchange rate stabilization policy for nearly 10 years. No matter how the US dollar rises or falls, the people's Bank of China issues RMB 8.2765 for every US dollar it buys
in the process of development, it is correct for all countries to choose monetary policies that meet their own historical conditions and practical needs. My view is: first, there must be a currency issuing mechanism, and then there must be a monetary policy, so that we can talk about the exchange rate level organically. Of course, for such monetary mechanisms as Japan and Hong Kong, the currency issuing mechanism is the exchange rate mechanism, and they are unified
China started the reform of the exchange rate system in 2005, and the RMB graally appreciated. The way we adopted was the best "small step and fast walk" strategy. However, I don't think the exchange rate issue is the key. The reform of RMB exchange rate is a secondary issue. The core issue is: what is the currency issuance mechanism in China after putting aside the policy of pegging to the US dollar? It is graally decoupled from the US dollar, but basically it is still changing in the same direction and in different ranges with the US dollar. If you get one dollar, you can issue the corresponding RMB. This system itself does not meet the requirements of sustainable development. The law of the people's Bank of China promulgated on February 1, 2004 is actually the law of the people's Bank of China. Legally speaking, one of the important responsibilities of the people's Bank of China is to maintain the stability of the RMB value, not the exchange rate. However, the people's Bank of China has only maintained the stability of the exchange rate of RMB against the US dollar in the actual implementation of monetary policy, but not the stability of the value of RMB. The RMB is depreciating against the euro, the pound, the Japanese yen, the Canadian dollar, even the Russian Ruble and the Brazilian currency. However, the central bank always said in the quarterly monetary report before the exchange rate reform that the exchange rate of RMB against the US dollar remained at 8.2725:1, and the exchange rate of RMB continued to remain stable The law of the people's Bank of China proposes to maintain the stability of the currency value. The central bank's actual implementation is to maintain the stability of the exchange rate against the US dollar, and there is a significant difference between the two. If the value of the US dollar is stable, the two are consistent, but the value of the US dollar has been shrinking for more than two years. I hope that the people's Bank of China will immediately return to the provisions of the law of the people's Bank of China< In retrospect, the people's Bank of China is responsible for formulating monetary policy and issuing RMB. Before the reform of RMB exchange rate on July 21, 2005, the currency issuing mechanism of RMB was actually very clear and transparent. This issuance mechanism is well known by the market, and investors can foresee the future. After the exchange rate reform, so far, I have not seen a white paper on China's currency issuance by the central bank. Just like any country has a white paper on foreign affairs and national defense, there should be a white paper on currency issuance. This white paper should explain in detail what the currency issuance mechanism is, under what circumstances the money will be put into the market, and how the quantity will be determined, etc. Maybe I'm ignorant, but I don't know in the market. We can either follow the example of the European Central Bank to solve this problem, or we can follow the example of the United States to issue money in the capital market. In short, what I feel urgently needs to be solved is what is China's currency issuance mechanism? This is a major problem. There must be a set of money supply mechanism for the issuance of RMB, as well as this white paper
the law of the people's Bank of China only stipulates that "the people's Bank of China is responsible for the currency issuance of RMB". As for how to issue RMB, according to what principle, how much to issue RMB and when to issue RMB, there seems to be no clear provisions in legal documents. And if everything becomes a black box, it's even more terrible. If we have our own currency issuance mechanism, and the market agrees with it, and we all operate according to this new device, then the RMB exchange rate reform will come naturally and naturally. No matter how low or how high it goes, it will be stable. There may be some switching costs between the two sets of machines in the market, but that is one-off, The new rules are an absolute guarantee for the long-term healthy development of our economy
in retrospect, in a sense, the currency issuance mechanism adopted by the European Union and the United States is in line with materialism. In the past, these countries generally implemented the gold standard system as a currency issuing mechanism, which may be correct in the era when there was no technological progress and only depended on plundering to develop overseas trade. However, after instrialization, wealth was created in large quantities, but gold reserves could not be increased correspondingly. Finally, the currency issuance system was out of line with the real economy, and the prices of various procts had to plummet to make the currency issuance meet the requirements of gold reserves again. Therefore, it is also the right choice to dethrone the gold standard. Now, the European Union puts money directly according to the increment of economic development, and the United States puts money indirectly by relying on the recognition of the new added value of enterprises in the capital market. In fact, they all determine their own currency circulation based on the value creation of the actual proction sector. Therefore, these systems, starting from the change of objective value, more or less reflect the materialist thought based on facts. However, the monetary policy implemented by Japan or Hong Kong more or less ignores the actual situation of the economic development of the region, and more embodies the idea of aestheticism. When we establish our own currency issuing mechanism, we should especially consider the viewpoint of monetary materialism
the monetary policy is almost invalid if the monetary issuance mechanism is not solved. In October 2004, the central bank raised interest rates for the first time. At that time, I proposed that raising interest rates would push up house prices. Now I am ready. If the appreciation of RMB against a basket of currencies exceeds the level before the exchange rate reform in July 2005, I am ready to write another article "recing interest rates and lowering house prices" and submit it to the Shanghai Securities Journal for publication. When I came to this conclusion, I had the same confidence as when I predicted that higher interest rates would push up house prices
China's monetary policy should not be aestheticism, but should combine the general principles of Marxism with the specific practice of China's reform. The gold standard ignores the value creation of human economic activities and uses abstract dogmatic gold as currency, so it makes a dogmatic mistake. Although Robert A. Mundell, the "father of the euro", won the Nobel Prize in economics because of the currency issuance mechanism of the European Union, that mechanism still depends on the subjective judgment of the European Central Bank on the economic operation, but this judgment is based on three objective indicators. In fact, the valuation of the capital market depends not only on the objective value basis, but also on the confidence of investors and their expectations for the future. Therefore, the US currency issuance mechanism also has its own subjective characteristics
I believe that the general idea of making the economy develop well and rapidly is the inevitable choice to implement the scientific outlook on development put forward by General Secretary Hu Jintao. In view of the fluctuations in the process of economic development, some scholars propose that we can iron out the economic cycle by implementing the corresponding monetary policy in advance. It would be great if such an idea could be implemented. Unfortunately, monetary policy is not always as effective as the figures in textbooks. When the monetary policy proposed by scholars does not achieve the expected effect, they always put forward that the implementation of monetary policy needs to be strengthened and observed for a period of time; When there is no way to explain, scholars will say that this is e to the irrational factors of the market
put aside my differences with economists for the time being. I remember that my grandfather Zhou Gucheng once said to me that if you can't understand what your teacher said in class, it only means that he didn't understand it thoroughly. I think my grandfather is right. When I listen to the old professors who have won the Nobel Prize in economics, I feel that finance is very clear and even very happy. They are telling novel and interesting stories, graally leading students into a new way of thinking, suddenly enlightened, as if into the kingdom of freedom. Based on this, I speculate that some domestic economists may not really understand what they have said, they are just predicting the future with the feeling created by books. However, monetary policy is neither an astrology nor a reflection of some scholars. It should be a practical operation around the operation of domestic economy
if we classify the monetary policies of the major countries in the world, the monetary policy bases of the European Union, the United States and Japan are completely different, and the effect of the interest rate increase policy is naturally very different. The European Union has stipulated the method and standard of money supply in the form of common treaty, and the famous one is the "troika" theory. If the economic growth rate, employment rate and inflation rate are within the preset range, they will provide liquidity to the market. If they are higher than the preset range, they will implement tightening policies to rece the amount of money; If it is lower than the preset range, the expansion policy will be implemented to increase the money supply
the situation in the United States is quite special. I think the Federal Reserve is not a money issuing institution, and the right to issue money in the United States is in the capital market. If a company's share price rises sharply, the United States will correspondingly put in virtual dollars to show the added value of this part. Therefore, the more developed the U.S. capital market is, the larger the scale of its currency issuance is. There seems to be some truth in their ideas. For example, ExxonMobil has discovered a new oil field with reserves of 100 billion barrels. The stock price of ExxonMobil immediately rises, and the market value correspondingly increases by $50 billion, which is equivalent to an increase of $50 billion in the wealth of investors. If someone wants to cash in the profits, as long as the investors in the market generally agree with the new valuation of ExxonMobil, Someone will be willing to provide the investor with sufficient liquidity to make it cash. In the process, the Federal Reserve did not release money, and the U.S. Treasury did not print more dollars. So if the U.S. capital market makes a mistake in pricing an asset, the economy will suffer. In 2001, the wrong pricing of technology stocks by Nasdaq led to economic recession and inflation. Today's subprime debt is the same problem. The market's wrong valuation of borrowers' repayment ability and the value of real estate leads to the market's original issued currency showing the non-existent value wrongly
another is the mechanism of issuing currency with exchange rate represented by Japan. Japan basically implements the monetary policy of pegging to the US dollar for a certain period of time. Every time it receives a US dollar, it issues 100 yen. The effect of this policy is very stable in the short term, but in the long term, it leads to the accumulation of huge foreign exchange reserves in China. China and Japan have similar currency issuing mechanisms. China has implemented the exchange rate stabilization policy for nearly 10 years. No matter how the US dollar rises or falls, the people's Bank of China issues RMB 8.2765 for every US dollar it buys
in the process of development, it is correct for all countries to choose monetary policies that meet their own historical conditions and practical needs. My view is: first, there must be a currency issuing mechanism, and then there must be a monetary policy, so that we can talk about the exchange rate level organically. Of course, for such monetary mechanisms as Japan and Hong Kong, the currency issuing mechanism is the exchange rate mechanism, and they are unified
China started the reform of the exchange rate system in 2005, and the RMB graally appreciated. The way we adopted was the best "small step and fast walk" strategy. However, I don't think the exchange rate issue is the key. The reform of RMB exchange rate is a secondary issue. The core issue is: what is the currency issuance mechanism in China after putting aside the policy of pegging to the US dollar? It is graally decoupled from the US dollar, but basically it is still changing in the same direction and in different ranges with the US dollar. If you get one dollar, you can issue the corresponding RMB. This system itself does not meet the requirements of sustainable development. The law of the people's Bank of China promulgated on February 1, 2004 is actually the law of the people's Bank of China. Legally speaking, one of the important responsibilities of the people's Bank of China is to maintain the stability of the RMB value, not the exchange rate. However, the people's Bank of China has only maintained the stability of the exchange rate of RMB against the US dollar in the actual implementation of monetary policy, but not the stability of the value of RMB. The RMB is depreciating against the euro, the pound, the Japanese yen, the Canadian dollar, even the Russian Ruble and the Brazilian currency. However, the central bank always said in the quarterly monetary report before the exchange rate reform that the exchange rate of RMB against the US dollar remained at 8.2725:1, and the exchange rate of RMB continued to remain stable The law of the people's Bank of China proposes to maintain the stability of the currency value. The central bank's actual implementation is to maintain the stability of the exchange rate against the US dollar, and there is a significant difference between the two. If the value of the US dollar is stable, the two are consistent, but the value of the US dollar has been shrinking for more than two years. I hope that the people's Bank of China will immediately return to the provisions of the law of the people's Bank of China< In retrospect, the people's Bank of China is responsible for formulating monetary policy and issuing RMB. Before the reform of RMB exchange rate on July 21, 2005, the currency issuing mechanism of RMB was actually very clear and transparent. This issuance mechanism is well known by the market, and investors can foresee the future. After the exchange rate reform, so far, I have not seen a white paper on China's currency issuance by the central bank. Just like any country has a white paper on foreign affairs and national defense, there should be a white paper on currency issuance. This white paper should explain in detail what the currency issuance mechanism is, under what circumstances the money will be put into the market, and how the quantity will be determined, etc. Maybe I'm ignorant, but I don't know in the market. We can either follow the example of the European Central Bank to solve this problem, or we can follow the example of the United States to issue money in the capital market. In short, what I feel urgently needs to be solved is what is China's currency issuance mechanism? This is a major problem. There must be a set of money supply mechanism for the issuance of RMB, as well as this white paper
the law of the people's Bank of China only stipulates that "the people's Bank of China is responsible for the currency issuance of RMB". As for how to issue RMB, according to what principle, how much to issue RMB and when to issue RMB, there seems to be no clear provisions in legal documents. And if everything becomes a black box, it's even more terrible. If we have our own currency issuance mechanism, and the market agrees with it, and we all operate according to this new device, then the RMB exchange rate reform will come naturally and naturally. No matter how low or how high it goes, it will be stable. There may be some switching costs between the two sets of machines in the market, but that is one-off, The new rules are an absolute guarantee for the long-term healthy development of our economy
in retrospect, in a sense, the currency issuance mechanism adopted by the European Union and the United States is in line with materialism. In the past, these countries generally implemented the gold standard system as a currency issuing mechanism, which may be correct in the era when there was no technological progress and only depended on plundering to develop overseas trade. However, after instrialization, wealth was created in large quantities, but gold reserves could not be increased correspondingly. Finally, the currency issuance system was out of line with the real economy, and the prices of various procts had to plummet to make the currency issuance meet the requirements of gold reserves again. Therefore, it is also the right choice to dethrone the gold standard. Now, the European Union puts money directly according to the increment of economic development, and the United States puts money indirectly by relying on the recognition of the new added value of enterprises in the capital market. In fact, they all determine their own currency circulation based on the value creation of the actual proction sector. Therefore, these systems, starting from the change of objective value, more or less reflect the materialist thought based on facts. However, the monetary policy implemented by Japan or Hong Kong more or less ignores the actual situation of the economic development of the region, and more embodies the idea of aestheticism. When we establish our own currency issuing mechanism, we should especially consider the viewpoint of monetary materialism
the monetary policy is almost invalid if the monetary issuance mechanism is not solved. In October 2004, the central bank raised interest rates for the first time. At that time, I proposed that raising interest rates would push up house prices. Now I am ready. If the appreciation of RMB against a basket of currencies exceeds the level before the exchange rate reform in July 2005, I am ready to write another article "recing interest rates and lowering house prices" and submit it to the Shanghai Securities Journal for publication. When I came to this conclusion, I had the same confidence as when I predicted that higher interest rates would push up house prices
China's monetary policy should not be aestheticism, but should combine the general principles of Marxism with the specific practice of China's reform. The gold standard ignores the value creation of human economic activities and uses abstract dogmatic gold as currency, so it makes a dogmatic mistake. Although Robert A. Mundell, the "father of the euro", won the Nobel Prize in economics because of the currency issuance mechanism of the European Union, that mechanism still depends on the subjective judgment of the European Central Bank on the economic operation, but this judgment is based on three objective indicators. In fact, the valuation of the capital market depends not only on the objective value basis, but also on the confidence of investors and their expectations for the future. Therefore, the US currency issuance mechanism also has its own subjective characteristics
4. Tell you not to come to Tianjin, Tianjin is so poor, the house is so broken! Their so-called business circle is not as good as the shopping malls and supermarkets in a residential district of the other three municipalities directly under the central government. Now I don't even want to go to Heping District! The consumption ability is not high. I've seen some shopping malls that are relatively big. They close at 6 or 7 p.m. and they also make a P! Tianjin people are limited to food and clothing warm, slightly higher requirements for life are not! I'm tired of this place! When you come to do business, you will be able to get enough food and clothing. If you want to make a fortune by doing business in Tianjin, there is no way! Absolutely advice!
5. Tianjin railway station
6. Unknown_Error
7. The commercial center of Xi'an is near the bell tower, Jiefang Road and Xiaozhai business district. Main shopping districts in Xi'an:
1. Shuyuanmen cultural street mainly sells four treasures of study, calligraphy and painting, and various tourist souvenirs
2. Huimin Street mainly sells all kinds of local procts, handicrafts and tourist souvenirs
3. Along Jiefang Road - East Street - Bell Tower - South Street - West Street, there are shopping blocks with strong commercial atmosphere. There are many modern shopping places, including many high-end department stores and various specialty stores, as well as several large supermarkets
4. Around the big wild goose pagoda cross is a professional market for computers, various digital procts and accessories, and there are many large-scale digital stores
5. In addition to large department stores, Xiaozhai business district is also a place where trendy shops gather and a paradise for young people to go shopping
6. Kangfu road and textile market mainly wholesale all kinds of clothing and small commodities. If you have good eyesight and bargaining skills, you can buy many good things at low prices here. However, the market environment is slightly disordered, so it is not recommended for foreign tourists to go shopping here<
characteristic pedestrian streets in Xi'an:
1. Luoma Commercial Pedestrian Street (shopping, leisure, entertainment and catering) 200 meters to the east of the bell tower
2. MINYUAN Commercial Pedestrian Street (shopping, leisure, entertainment and catering) in the south of Wulukou cross, less than 1km south of the railway station
3. Shuyuanmen Pedestrian Street (ancient culture street, calligraphy, handicrafts) in the east of nanmenli
4. Datang never night city (shopping, leisure, entertainment and catering) in the south of Dayan Pagoda South Square
5. Datang west market on Laodong South Road (antiques, artworks, traditional crafts).
1. Shuyuanmen cultural street mainly sells four treasures of study, calligraphy and painting, and various tourist souvenirs
2. Huimin Street mainly sells all kinds of local procts, handicrafts and tourist souvenirs
3. Along Jiefang Road - East Street - Bell Tower - South Street - West Street, there are shopping blocks with strong commercial atmosphere. There are many modern shopping places, including many high-end department stores and various specialty stores, as well as several large supermarkets
4. Around the big wild goose pagoda cross is a professional market for computers, various digital procts and accessories, and there are many large-scale digital stores
5. In addition to large department stores, Xiaozhai business district is also a place where trendy shops gather and a paradise for young people to go shopping
6. Kangfu road and textile market mainly wholesale all kinds of clothing and small commodities. If you have good eyesight and bargaining skills, you can buy many good things at low prices here. However, the market environment is slightly disordered, so it is not recommended for foreign tourists to go shopping here<
characteristic pedestrian streets in Xi'an:
1. Luoma Commercial Pedestrian Street (shopping, leisure, entertainment and catering) 200 meters to the east of the bell tower
2. MINYUAN Commercial Pedestrian Street (shopping, leisure, entertainment and catering) in the south of Wulukou cross, less than 1km south of the railway station
3. Shuyuanmen Pedestrian Street (ancient culture street, calligraphy, handicrafts) in the east of nanmenli
4. Datang never night city (shopping, leisure, entertainment and catering) in the south of Dayan Pagoda South Square
5. Datang west market on Laodong South Road (antiques, artworks, traditional crafts).
8.
Grand Hyatt Hotel Branch of Xi'an Maike Business Center Co., Ltd. is a branch of limited liability company (solely owned by natural person) registered on April 27, 2017. Its registered address is located in Grand Hyatt Hotel, block B, 12 Jinye Road, high tech Zone, Xi'an City, Shaanxi Province
the unified social credit code / registration number of Grand Hyatt Hotel Branch of Xi'an Maike Business Center Co., Ltd. is 91610131ma6u470c4a. Qiao Gencai, the legal person of the company, is currently in business
the business scope of Grand Hyatt Hotel Branch of Xi'an Maike Business Center Co., Ltd. is: General Project: commercial complex management service; Sales of metal materials; Sales of metal procts; Metal ore sales; Enterprise management consulting; Social and economic consulting services; estate management; Fitness and leisure activities; Non residential real estate leasing; Organizing cultural and artistic exchange activities; Conference and exhibition services; The etiquette Service; Marketing planning; Urban greening management; Advertising (non radio, television, newspaper publishing units); Passenger ticket agent; Ticketing agency services; Car park services; Take out delivery service In addition to the items that need to be approved according to law, the company shall independently carry out business activities according to law with its business license; Accommodation services; Bar service (excluding entertainment activities); Bath service; High risk sports (swimming); Road transportation of goods (excluding dangerous goods); Food business (sales of prepackaged food); Retail of tobacco procts Projects that need to be approved according to law can only be operated after being approved by relevant departments, and the specific business projects shall be subject to the approval results)
check more information of Grand Hyatt Hotel Branch of Xi'an Maike Business Center Co., Ltd. through aiqicha
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