美联储前理事沃什：美联储出现了"信用危机"。 ...

Group 1 - The core issue of the current economic problems in the United States is fundamentally rooted in the economy itself, affecting various sectors such as military, technology, education, diplomacy, and politics [4] - The apparent debt crisis in the U.S. is a symptom of deeper issues, including a credit crisis, sovereign currency challenges, and a significant imbalance between production and consumption [6] - The unique position of the U.S. dollar in the global financial system allows the U.S. to "profit without effort," but this advantage can also backfire during economic crises, leading to the outsourcing of domestic issues globally [9][11] Group 2 - The Federal Reserve plays a crucial role in managing the dollar's circulation and manipulating interest rates to alleviate domestic economic pressures by transferring them to other countries [11][14] - The U.S. has historically pursued deindustrialization, weakening its economic resilience and relying heavily on global procurement, which has led to a significant increase in dollar printing through quantitative easing [16] - The COVID-19 pandemic has exacerbated the economic situation in the U.S., leading to high unemployment and inflation, while also complicating the ability to transfer economic pressure internationally [18] Group 3 - The U.S. is likely to target specific countries to offload its economic burdens, with the U.K. being a close ally unlikely to be exploited, while Russia presents challenges due to its energy exports and independent economic system [20][22] - Germany and France, as leading economies in the EU, are vulnerable to U.S. economic pressures, especially in the wake of the pandemic, which could strain transatlantic relations [25] - China, as the second-largest economy, poses a significant challenge for the U.S. in terms of economic exploitation due to its self-sufficiency and the complexity of U.S.-China economic ties [25][27] Group 4 - Japan's economic situation is precarious, as it remains heavily dependent on the U.S., making it a potential target for economic pressure [27] - The looming risk of U.S. debt default presents severe challenges, but there remains an opportunity for recovery through equal dialogue and international cooperation [29]

Report Investment Ratings - Gold: ★☆★, indicating a bullish bias but with limited operability on the trading floor [1] - Silver: ☆☆☆, suggesting a short - term equilibrium state with poor operability and a recommendation to wait and see [1] Core Viewpoints - Today, precious metals showed a strong and volatile trend. Last week's lower - than - expected US inflation led traders to bet on a Fed rate cut in June. A Fed governor stated different rate - cut scenarios based on tariff levels, and Trump's erratic tariff policies highlighted the value of gold under a credit crisis [1] - Attention should be paid to the battle of the US dollar at the key level of 100 after hitting a three - year low, and caution should be exercised after the rapid rise of gold prices [1] Other Key Points - Trump is considering measures to help automakers adjust their supply chains from Mexico and recently assisted Apple CEO Cook. The US Department of Commerce launched a 232 investigation on semiconductors and pharmaceuticals and will exit the tomato tariff suspension agreement with Mexico reached in 2019 [1] - US Treasury Secretary Yellen said there is no evidence that sovereign investors are selling US assets, has tools to deal with bond - market fluctuations but is far from using them, and will interview candidates for the Fed chair's successor in the fall [2] - Israeli officials said there are still differences among parties on reaching a Gaza cease - fire agreement [2]