Currency Wars (simplified Chinese: 货币战争; traditional Chinese: 貨幣戰爭; pinyin: Huòbì zhànzhēng) by Song Hongbing, also known as The Currency War, is a bestseller in China, reportedly selling over 200,000 copies in addition to an estimated 400,000 unlicensed copies in circulation and is reportedly being read by many senior level government and business leaders in China. Originally published in 2007 the book gained a resurgence in 2009 and is seen as a prominent exponent of a recently emerged genre labeled “economic nationalist” literature.
The premise of this book is that Western countries are ultimately controlled by a group of private banks, which, according to the book, runs their central banks.
According to the book, the western countries in general and the US in particular are controlled by a clique of international bankers, which use currency manipulation (hence the title) to gain wealth by first loaning money in USD to developing nations…
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