央行买国债和无锚印钞

今天看了很多财经自媒体都在讨论同一个话题。就是根据央媒的放松。中国央行可能会。直接购买国债。原文是将央行直接购买国债作为充实货币。作为充实调控政策的货币工具。非常符合。官僚机构不讲人话，故意把简单的事情说的很绕，但意思基本上。就是已经对。央行直接购买国债的行为，开了绿灯，只看合适的时机就可以行动了。

70央行直接购买本国的国债，这件事情美联储一直在做。也没影响美元的。霸权地位至少目前来看还没有影响到。为什么中国一直不敢这么做如今。打算有样学样了，还要偷偷摸摸羞羞答答的而财金自媒体也这是天要塌了。

原因其实很简单，就是美元是。货币政策自从二战后建立了布雷顿森林体系。确定了美元国际货币的地位之后。虽然经历了尼克松放弃金本位。以及数字金融危机的冲击，但目前还没有挑战者。所以美元的对应入市的几乎是全世界的商品和服务以及能源等大宗产品。嗯。它的通胀压力由全世界承担。自然。美联储的操作也就更加大胆和直白。

而人民币还远远没有达到国际货币的地位高度。央行直接购买国债是怎么回事呢？首先大家得搞清楚央行是干嘛的，央行不是普通的银行，他不用希腊存款。它本身就是制造货币的。而且是凭空制造。所以央行用来购买国债的钱，就是她像变戏法一样，凭空变出来的。直接购买国债的话，就相当于政府只要想花钱。就能够凭空变出源源不断的钱，就像一台永动机。当然这样做的副作用就是货币的供应量失去控制。造成飞速增长的通货膨胀，也就是。大家比较熟知的金元券和津巴布韦币。这就是所有谈论这个话题的财经自媒体都会提到的一个词，叫无锚印钞，想印多少印多少。

因为人民币的国际地位还比较低，所以这个通货膨胀的压力很难转嫁给其他的国家。其实按照中国现在的经济体量。和。经济水平，人民币不应该。只有现在这种。及地位。美元之所以能够取得 ok.世界货币的地位，一个重要的原因是美国。在二战的。战局中起到了决定性的作用。主导了。战后的新的世界格局。另一个很重要的原因就是美联储的架构尽管。美联储滥用。国际货币地位为本国的利益集团和政客。牟取，利益转嫁，金融危机，到世界各地。的坏事做绝。但是不得不说。他又当又立的工作做的。相当到位。看过小林说介绍美联储的视频，他的组织架构确实是充满了各种分权与制衡。至少从表面上来看不会为个别。权势人物所掌控。而中国的央行则是。彻底的。政府机构归属于是国务院的下属。而众所周知。国务院本身的。权力地位在中国的政治当中，也一直在呈下降的趋势。所以央行政策的独立性。根本得不到保证。这才是人民币国际化。进展如此缓慢的一个非常重要的原因。

如果不能在组织架构上给外人带来一种安全感的话，那么至少在货币政策上得必须相当审慎。如果央行的政策致力于维持。人民币的价值稳定。那么也会给其他国家使用人民币带来。信心从而推动人民币的国际化。说了就是问你一个逾期，然后别的我不知道呀。不过现在这条政策放风出来说明。墨鱼。实权人物的压力。现在央行把挽救。财政放在了维持人民币币值稳定的上面。可以说。这条路也走不通了。

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Today, I read a lot of financial self-media, all of which are discussing the same topic. It is according to the relaxation of the central media. China's central bank might. Outright purchase of Treasury bonds. The original text is to use the central bank's direct purchase of government bonds as a replenishment currency. It serves as a monetary tool to enrich regulatory policies. Very much in line with. The bureaucracy does not speak human words, and deliberately talks about simple things very around, but the meaning is basic. It's already right. The central bank's direct purchase of government bonds has given the green light to act only when the right time comes.

70 central banks directly buy their own Treasury bonds, and the Fed has been doing this. It didn't affect the dollar either. The hegemony has not been affected, at least for now. Why China has been afraid to do this now. I'm going to do the same, and I'm going to be shy, and I'm going to fall on the financial media.

The reason is actually very simple, that is, the dollar is. Monetary policy has been in place since World War II, with the Bretton Woods system established. After determining the status of the dollar as an international currency. Although experienced Nixon abandoning the gold standard. and the impact of the digital financial crisis, but there is no challenger yet. Therefore, the corresponding entry of the US dollar is almost the world's goods and services, as well as bulk products such as energy. Well. Its inflationary pressures are borne by the whole world. Nature. The Fed's actions are much more bold and straightforward.

And the renminbi is still far from reaching the height of the status of an international currency. First of all, we have to figure out what the central bank does, because the central bank is not an ordinary bank, and it does not use Greek deposits. It itself is a money-making company. And it's made out of thin air. So the money that the central bank used to buy government bonds was conjured up out of thin air like a trick. If you buy government bonds directly, it means that the government only needs to spend money. can conjure a steady stream of money out of thin air, like a perpetual motion machine. Of course, the side effect of this is that the money supply is out of control. Causing skyrocketing inflation, that is. The more well-known gold dollar coupons and Zimbabwean coins. This is a word that all financial self-media that talk about this topic will mention, called unanchored banknote printing, printing as much as you want.

Because the international status of the renminbi is still relatively low, it is difficult to pass on this inflationary pressure to other countries. In fact, according to the current size of China's economy. And. economic level, the yuan should not be. Only this is the case now. and status. An important reason why the US dollar has been able to achieve the status of a world currency is the United States. In World War II. played a decisive role in the battle. dominated. The new post-war world pattern. Another important reason is the structure of the Federal Reserve. Fed abuse. The status of the international currency is for the interests of the country and politicians. Profiteering, profit pass-through, financial crisis, to all over the world. The bad things are absolutely done. But it has to be said. He did the work of being and standing up. Quite in place. After watching the video of Kobayashi saying that he introduced the Federal Reserve, his organizational structure is indeed full of various decentralization and checks and balances. At least not on the face of it. Controlled by the powerful. And China's central bank is. Thoroughly. Government agencies are subordinate to the State Council. And it is well known. of the State Department itself. The position of power in Chinese politics has also been on a downward trend. So the independence of central bank policy. There are no guarantees at all. This is the internationalization of the renminbi. A very important reason why progress has been so slow.

If it does not give outsiders a sense of security in terms of organizational structure, then at least monetary policy must be quite prudent. If the central bank's policy is committed to maintaining. The value of the renminbi is stable. Then it will also bring to other countries to use the yuan. confidence thus promotes the internationalization of the renminbi. I said that I asked you one overdue, and then I don't know anything else. But now this policy is out to explain. Cuttlefish. Pressure from powerful figures. Now the central bank will come to the rescue. The government has focused on maintaining the stability of the renminbi. Arguably. This road is also going nowhere.