The chaos in Hong Kong in recent months has naturally caused people who really care about Hong Kong to feel sad
In fact, looking around the world, it is not only Hong Kong that causes social turmoil. For example, the election of Trump in the United States is a reflection of populism. Britain ’s Brexit referendum and the recent French yellow vest movement have caused riots in Chile due to subway fare increases The deaths of many people at this time seem to reflect that there is little peace in the world.
Of course, whenever there is a social movement, everyone will immediately explain that the government cannot satisfy the demands of the people, but the global chaos is spreading
Do you think that there may be a global force at work? The author recently saw a statistical chart. It turned out that about 90% of the so-called “average people” in the United States have been in the United States since 1971. Their wealth growth has barely fluctuated in the past 40 years. However, the richest 1% of the United States population, However, the growth rate continues to rise like a rocket, so that the local disparity between the rich and the poor continues to increase, and eventually populism rises!
So what happened in 1971?
The original US President Nixon announced the abolition of the gold standard. Since then, the United States can hardly say that it has not restricted the printing of banknotes. At the same time, as the hegemony of the US dollar took shape, the world entered the banknote printing era. The ability to borrow cheap funds, buy assets including stocks, and become richer. The average person who depends on working alone can only become poorer with the depreciation of the purchasing power of currency. The poor in the world, including Hong Kong, also continue to accumulate, especially After Hong Kong adopted the linked exchange rate between the Hong Kong dollar and the US dollar, the general public was even more suffering from the appreciation of assets faster than the growth of public income. It can be said that the cause of chaos in Hong Kong is both its own microclimate and the influence of the external economic climate.