本文约 3 0 0 0 字，推荐阅读时长 1 5 分钟，欢迎关注新财富公众号。 "是的我看见到处是阳光/快乐在城市上空飘扬/新世纪来得像梦一样"——当朴树的《New Boy》在 1999年响起时，未来牌香烟、奔腾电脑和Windows 98构筑的具象符号，那些嵌入技术的符号，折射 出人类对千禧年的赤诚期待。那个时刻，我们带着对数字纪元的天真想象，笃信全球化列车将驶向永 恒的春天。 大洋彼岸，美联储主席格林斯潘在《国际先驱论坛报》抛出惊世之问："Who Needs Gold When We Have Greenspan?"。这个设问与其说是傲慢，不如说是对"大缓和时代"的精准注脚——在他连任三届 掌舵美联储的岁月里，美国创下史上最长经济扩张周期，新自由主义范式下的货币魔术仿佛能熨平所 有周期褶皱。华尔街流传的黑色幽默至今耐人寻味："那个永远穿着深色西服、戴着黑框眼镜的犹太 老人，咳嗽一声就能让全球资本市场下雨。" 当时间快进四分之一个世纪，历史在黑色幽默中完成轮回。此刻我们站在2025年的十字路口，戏谑的 疑问已变成："有了Donald Trump，谁会不需要黄金？"现实的变奏并不是对人物的讽刺和研究，对于 美国 ...

Group 1 - The core argument revolves around the conflict between President Trump and Federal Reserve Chairman Powell regarding interest rate cuts, with Trump insisting that the Fed must lower rates to support small businesses, while the Fed maintains its current stance [1][3] - Trump's push for interest rate cuts is linked to the significant trade deficit the U.S. faces, which amounts to $1.2 trillion annually, and the burden of interest payments on national debt, which reached $1.1 trillion last year [3][5] - The debate highlights the tension between U.S. domestic monetary policy and its implications for global confidence in the dollar, raising concerns about the long-term dominance of the dollar in the global economy [3][6] Group 2 - The article discusses the potential shift in investment strategies away from the U.S. dollar, particularly through initiatives like the Belt and Road Initiative, which aims to invest in infrastructure projects across various regions, thereby reducing reliance on the dollar [5][6] - The establishment of the Asian Infrastructure Investment Bank (AIIB) under the Belt and Road framework signifies a move towards multi-currency operations, enhancing the role of currencies other than the dollar in international finance [5][6] - The current trend suggests a move towards currency diversification rather than a single currency replacing the dollar, indicating the emergence of a multi-polar currency system [6]