In recent days, there has been a wave of large-scale depreciation of major Asian currencies such as the yen, South Korean won, Vietnamese dong, and Indonesian rupiah.
Even if Goldman Sachs is not directly involved, Goldman Sachs is a very important part of the complex financial system in the United States, and they are inextricably linked. Let's see, what does Goldman Sachs think about this?
I met a netizen this morning, who said that the short selling of the yen by the US bears is a conspiracy theory, which is an ironclad fact backed by data, how can it be a conspiracy theory?
Besides, the 1998 Asian financial crisis, including the Battle of Hong Kong, has been officially recorded, so how can it be said that the currency war is all conspiracy theories?
It is really disappointing and angry that some Chinese people have become numb to this extent!
By the way, when I opened this netizen's homepage, there was not a single piece of content, and this kind of little white number was very suspicious.
In the United States, the financial predators such as Goldman Sachs are like a dark cloud, hanging over the United States, and all the major events in the financial industry are under their control.
This is the terrible thing about the United States today, and it is also the fundamental reason why they are so shameless that they have no bottom line.
Regarding the recent wave of Asian currency depreciation, Goldman Sachs' analyst team noted in a recent report that the US dollar is dominating Asian currencies.
However, Goldman Sachs apparently does not believe that this is intentional on the part of the Americans, but that the laws of the financial industry are at work.
It is no wonder that they are certainly not stupid enough to directly say that it was the Americans who raised the butcher's knife to Asia.
Goldman Sachs believes that the Fed will not cut interest rates, which has changed a lot compared with the market consensus at the beginning of this year, so the dollar index has begun to strengthen again.
When the dollar is rising, the South Korean won, Malaysian ringgit, and Indonesian rupiah are the most sensitive and depreciate one after another.
However, the current inflation and employment data in the United States have not changed much from the beginning of the year, so why did the Federal Reserve suddenly not cut interest rates? Goldman Sachs did not say anything, and it is estimated that they did not dare to tell the truth.
Goldman Sachs expects the two central banks that are most active in defending the weakness of their currencies at a time when currencies depreciate sharply are the central banks of Indonesia and the Philippine Philippines.
Goldman Sachs has used a whole bunch of financial jargon to explain that Indonesia and the Philippines are more financially risky, so they have to defend them.
Because these two countries are economies with current account deficits, high inflation rates, and high levels of external debt, a sharp depreciation of their currencies may pose a greater risk to economic stability, while export-oriented economies with low inflation and current account surpluses (South Korea and Thailand) will be more tolerant of currency weakness.
However, Goldman Sachs did not say that Indonesia and the Philippines are both allies of the United States, and the Philippines in particular has acted as an active pawn on the South China Sea issue.
Indonesia is very special, and they are also friendly with China, but Indonesia has a large population and is a Muslim country, and the United States does not want to turn against them at the moment, otherwise it is likely to affect Biden's election.
The factors and considerations behind these are very important, but Goldman Sachs won't say it.
In today's world, finance is already the core strength of the country, and it is inseparable from politics, especially the United States, which is the most typical.
In addition, the risk of the Philippines is relatively high, precisely because they have tied their own financial and economic systems to the chariot of the United States, and the wind and grass of the dollar have a great impact on them.
The Americans have tied their own risks to a bunch of allies, and what used to be a combination of glory and loss has now become a loss of everything.
This is Goldman Sachs' use of financial jargon that ordinary people cannot understand to cover up the truth!
As for what is obviously happening in Japan, the big short dollar is shorting the yen on a large scale, and Goldman Sachs does not even mention it, which is a typical avoidance of the important and light.
Perhaps in the eyes of the Americans, Japan is not an independent country at all, it is the 51st state of the United States, it is a foreign state, and it is their honor to be able to sacrifice the United States.
Finally, Goldman Sachs expects that if the dollar rises further, then USD/KRW will move closer to the October 2022 high of 1441, and USD/THB will move closer to the September 2022 high of 38.37.
Separately, Goldman Sachs said that the USD/INR and USD/MMR are very close to their previous all-time highs, and these currencies are expected to weaken further in the future.
This kind of prediction, Goldman Sachs is obviously advocating that the dollar will strengthen further, and you Asian currencies will not be able to bear it, and the implication is that under the coercion of our American freedom and light, you should quickly raise your hands and surrender.
Perhaps this is a bit of blind confidence, Goldman Sachs has forgotten that Asia still has us.
Therefore, the Goldman Sachs report, which seems to be professionally analyzed, is in fact to whitewash the blood of Asian currencies by the dollar, and at the same time act as a tragedy advocate.