Having pricing power is the top of the economy, and having the right to speak is the ultimate pursuit in politics.
Countries, institutions and even individuals have a thirst for pricing power and discourse power.
In this sense, U.S. financial institutions have been controlling the price movements of international gold.
The pricing power of gold and oil in the international market has always been in the hands of U.S. financial institutions.
The United States is the world's largest gold storehouse, although the dollar and gold decoupling, but the United States still maintains the pricing power of gold.
U.S. financial institutions manipulate gold prices in the futures market, affecting the economy while consolidating the position of a strong dollar.
In fact, not only the price of gold is manipulated by the United States, but the prices of major basic commodities in international trade are in the control of the United States.
The United States has the ability and power to change the rules of the game, such as the Bank of China crude oil futures incident that year. Who would have expected U.S. capital to change the rules and turn prices into negative numbers. Pit a large group of global investors.
The right to formulate the rules of the game is a higher realm of pricing power and discourse power.