The Invisible Empire of the US Dollar Game

The underlying logic of the global economy is actually quite brutal. The US dollar is not just a currency; it’s a universal voucher—oil, grains, gold, chips, all major commodities worldwide are priced in dollars. Even when two countries trade privately in their own currencies, they ultimately have to convert back to USD exchange rates to determine value. This is not a coincidence but a system design.

Why can’t countries escape the US dollar? Three reasons are deeply rooted. First is pricing power—the dollar controls the global commodity discourse; second is liquidity—holding dollars allows you to exchange for goods anywhere in the world, while other countries’ currencies depreciate once they leave their borders; finally, it’s a life-saving card—the US dollar reserves of each country are the last line of defense against economic crises and currency stabilization.

What’s more ruthless is the Fed’s "net casting and reeling" strategy. When cutting interest rates, cheap dollars flood into emerging markets like a flood, inflating asset bubbles, causing central banks and companies to borrow wildly. When raising rates, dollars flow back to the US, hot money flees, exchange rates plummet, and countries are forced to sell core assets to survive. This is the complete script of "shearing sheep."

The numbers are even more shocking. The US carries a debt of $34 trillion but continues to print money to dilute the debt’s value, exporting inflation worldwide. The global community is paying for America’s fiscal deficit—effectively a form of hidden taxation. The Fed Chair’s words reveal everything: "The dollar is our currency, but it’s your problem."

The situation is changing now. Countries like China, Russia, and Brazil are promoting local currency settlements, and central banks are疯狂增持黄金—疯狂 means "crazy" or "frenzied"—these are all ways to bypass the dollar system. At this turning point, could cryptocurrencies become a new choice outside of gold to counter the tide of the dollar? This is a question worth pondering.