The US dollar crisis and global currency reconstruction: gold, Bitcoin and economic game

The changes in the US dollar, gold, Bitcoin and the global monetary system were discussed, focusing on how the United States can respond to economic challenges through the repricing of gold and Bitcoin, as well as the economic game between the United States and other major economies such as China, Japan and Europe. Through a review of historical events, the relationship between the US dollar and gold, oil and RMB is described, and a possible future currency war is predicted. The main content includes: The relationship between the US dollar and gold and Bitcoin: The article mentioned that the United States currently has the largest gold reserves in the world, and pointed out that the United States may deal with its huge debt problems by repricing gold or purchasing Bitcoin. US dollar devaluation and Bitcoin plan: Through the Bitcoin reserve plan, the author believes that the United States may create funds through the repricing of gold, thereby promoting the development of electronic currencies such as Bitcoin. The challenge of reindustrialization in the United States: Although Trump promised to bring manufacturing back to the United States, the author pointed out that the United States faces huge demand for industrialization funds and the modernization of its military power is also facing constraints. China's economic difficulties: China faces problems such as high nominal unemployment rate, a collapse in real estate and insufficient food self-sufficiency, and may face pressure from depreciating the RMB. China may close capital outflow channels and strengthen control over gold and cryptocurrencies. Japan and Europe’s role: Japan may prosper through appreciation of the yen and its close ties to the United States, while Europe may seek economic cooperation with China.