Chinese edition of the Global Times, He writes, that the United States will soon be blown up by a "mine" that they themselves laid, talking about the policy of the US Federal Reserve to strengthen the dollar too much. The publication notes, that the entire world economy is suffering from this.
These days, the US Federal Reserve is holding a meeting on the issue of the next increase in interest rates.. Expected, that the stakes will be raised on 75 basis points. The publication notes, that this is confirmation of the crisis in the US economy, which the country's authorities are trying to hide, pulling the whole world into it.
The measures taken by the US Federal Reserve will further strengthen the dollar against the currencies of other countries. Global Times reminds, that the dollar has already reached a twenty-year high in its value against other currencies.
If interest rates rise, then this will be the fifth promotion, aimed at fighting inflation. And for this, as the edition writes, will have to print dollars in unlimited sizes.
Similar policy, of course, the first time will slow down the development of the crisis in the American economy, but this will be achieved at the expense of the suffering of other countries, which has been proven time and time again, write the Global Times.
In this way, it becomes clear at the expense of whom and what the “prosperous” American economic system exists.
